posted
My point is that it doesn't matter WHICH shares are ghost shares. AMeritrade, etc have to buy back the # of shares that leaves 56million shares outstanding, ghost or otherwise. Is your pont just that we don't know how many ghost shares were sold or am I STILL missing something?
quote:Originally posted by wallymac:
quote:Originally posted by PCola77: What am I missing? Why can't all the "ghost" shares be repurchased? Or are you going on the assumption that more than 56million shares are not "for sale"?
quote:Originally posted by wallymac:
quote:Originally posted by tmanfromtexas: Wally, TD/A and other companies put ghost shares into their clients accounts. Those ghost shares have to be reconciled. The 56 million shares dont play into this because they were free trading to begin with. The ghost shares are not. They were to be restricted and not allowed to be traded. The only way I see this being resolved is for paiv (not blaming them) to do a forward split of non restricted shares like 2/1 or 3/2. Something small. That will require all shares to be reconciled. That should make all other shares that shouldnt be there go away. just my opinion. TMAN...
Exactly. This cannot be resolved without there being more shares made available to cover.
Some form of accounting is going to have to take place in order to know how real shares vs ghost shares there are and who actually owns what. Otherwise Ghost shares will just keep going round and round.
posted
Pcola, I believe tda and other houses know exactly how many shares were put out. I think they will be made to buy back those shares and then restrict them. My only point regarding the f/s is IF this volume continues into next week that tells us that they havent reconciled their accounts. This means that paiv who wants everything to be fixed, may want to consider doing a split so that only the original 56 million shares are eligible. Wally may be very correct in saying the ghost shares could be included. I am only guesstimating here since like most everyone else I have never been down this funky ass road before.
-------------------- In the end, trust only yourself when trading stocks.
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posted
Because the company did nothing wrong, this is Ameritrades **** up and the SEC will not cover for them. Ameritrade and or it's clients will be buying those shares.
quote:Originally posted by Repoman75: Creator, why not?
quote:Originally posted by Repoman75: Do you realize how this is going to end?
Think... Ameritrade realizes the stock is not going back down soon... they are TALKING to PAIV and the SEC.
Guess what? SEC will force PAIV to unrestrict the shares, and therefore, everything will be fine.
Unrestriction coming soon IMO, and then dumping.
that would solve the problem. but unless JPHC made an error in thier filings witch allowed those shares to be sold it is unlikely "IMO" they could be forced to lift the restriction, the filing says they are resticted so it appears to me they are covered. the question is how many shares were sold short and when will covering be done.
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posted
I doubt that is gonna happen Repo. I know you have alot of experience but Paiv is gonna tell TDA f*** you. you screwed up you fix it. If they dont there will be a class action suit that will bankrupt paiv. just my opinion. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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posted
Well one things for sure... EOD is going to be exciting. Not sure if it's going to tank or go on a run the last 1/2 hour, but it's gonna do something.
posted
you can bet your azz that MM`s are selling short right now! they will buy to cover when the bottom drops out and we all know it will sooner or later, brokers who screwed up wont lose a penny on this. traders who sold short will probably take a real beating!
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posted
What I don't understand is, if they (TDA, MM's) have to recover 100's of millions of shares, and put them back in the restricted share seller's accounts, then why am I, along with other people able to buy shares?
There should be a drop in supply, which will jack the price up, IMO.
I really don't think that TDA is buying back these shares yet.
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quote:Originally posted by dkinvest: What I don't understand is, if they (TDA, MM's) have to recover 100's of millions of shares, and put them back in the restricted share seller's accounts, then why am I, along with other people able to buy shares?
There should be a drop in supply, which will jack the price up, IMO.
I really don't think that TDA is buying back these shares yet.
this is up a thousand percent since monday!
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posted
I realize that, but if they are trying to recover these shares, and put them back as restricted shares, supply should dry up. I do not think this is happening as I am, along with other many other people still continue to buy.
MM's should be the only ones able to buy.
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posted
Exactly. Some people have made a ton of money off this, and are selling their positions with big profits. Those are the shares that are being bought. It's possible that people who got in today aren't going to sell their shares until anotehr significant run up, and if that's the case, you may see anotehr spike before all is said and done.
quote:Originally posted by madmoney:
quote:Originally posted by dkinvest: What I don't understand is, if they (TDA, MM's) have to recover 100's of millions of shares, and put them back in the restricted share seller's accounts, then why am I, along with other people able to buy shares?
There should be a drop in supply, which will jack the price up, IMO.
I really don't think that TDA is buying back these shares yet.
posted
How could they be the only ones able to buy? If you put in an order to purchase at the ask, they can't just say "No, I want those shares, you can't have them"
quote:Originally posted by dkinvest: I realize that, but if they are trying to recover these shares, and put them back as restricted shares, supply should dry up. I do not think this is happening as I am, along with other many other people still continue to buy.
there is no way for us to know how many shares were sold short, that post about 3 billion cant be correct, this would have needed to trade well over 6 billion shares since friday and that is not the case.
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Think of it this way. If the float is 28 million, and PAIV was at .001, you're telling me if I put in a $28,000 order to buy, I would now own the entire float? No way. You can buy $3K share blocks easily right now. Wouldn't someone with a few hundred thousand dollars just buy the float up? Then they could ride this to whatever they wanted.
Something is not right with that float figure.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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posted
another bark: By: dogcatcher17 24 May 2006, 01:37 PM EDT Msg. 54453 of 54454 Jump to msg. # JPHC/PAIV: Our source tells us there is only 20 million Shares that are Free Trading. No on will be able to make delivery of the sold Shares. This will cause a massive circle jerk of everyone having to try to buy the Stock. This stock should really really explode to the upside in my opinion. Best of luck to all. - - - - -
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posted
I think because of how the market works, where shares can be borrowed and what not, when you buy 28 million shares, you own the entire float, along with everyone else who decided to buy 28 million shares. That is why there is a 3 day settlement period.
Let's say theres only 2 people in the world that is interested in buying this stock, and both wanted to buy the entire float. So both bought 28 million shares. This implies that someone shorted 28 million shares. If, before the 3 day settlement period, one of them decides to sell. After the 3 days, everything adds up (the first owner still owns the entire float, the second owner sold his shares, the short covered by the second owner that sold his shares).
But lets say both decided to hold. Well, the person that shorted the 28 million (someone had to short to allow the second person to buy another 28 million that really don't exist) will have to cover, jacking up the price to entice one of the two owners to sell, and allow everything to add up.
Now just scale that up.
quote:Originally posted by Repoman75: Thoth,
Forget that.
Think of it this way. If the float is 28 million, and PAIV was at .001, you're telling me if I put in a $28,000 order to buy, I would now own the entire float? No way. You can buy $3K share blocks easily right now. Wouldn't someone with a few hundred thousand dollars just buy the float up? Then they could ride this to whatever they wanted.
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