posted
The Latest Story on Paivis and Ameritrade May 25, 2006
I just found out that Ameritrade is going to buy back all the restricted shares they illegally put out on the Open Market last Friday. They will not put a PR out on this from what I have been told but they realize their Liability here is huge. So they are fessing up to their mistake. A lot of pressure has been put on them by NASD and so on to right their mistake. Pavis float is around 35 million.
Ameritrade who is NITE from what people have to me is going to try and scare everyone into selling so they can buy the shares at a lower price. The way to beat Ameritrade is to not sell and this will force the S/P a lot higher. It is up to those who own the Pavis shares that dictate where the S/P goes. The SP has a lot of poential on the upside if we all hold. The group I belong to is holding all our shares now that we have learned this new information. We could get a massive cover if we all hold.
I hope this new information helps lets get those Ameritrade Crooks to Pay.
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By: trackgirlky 25 May 2006, 10:50 AM EDT Msg. 54694 of 54728 Jump to msg. # Just got off the phone with TDA re-organization department, not customer service and they said "No decision has been made on the required buyback as of this morning. Clients who sold can buy back now to replace those shares if they wish. A forced buyback has not been issued YET...that is still be decided on the executive level of TDA. NO EMAILS OR PHONE CALLS have been made communicating to clients that TDA would buy back the shares for clients. If a forced buyback is issued, clients will be notified. Talked to the head of the department, Mike Gonzales....888-723-8504...call him yourselves...do your own DD. Those who are saying the TDA communicated that they were going to buy back shares either have been mis-informed or are lying. That decision has not been made. GLTA
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By: trackgirlky 25 May 2006, 10:50 AM EDT Msg. 54694 of 54728 Jump to msg. # Just got off the phone with TDA re-organization department, not customer service and they said "No decision has been made on the required buyback as of this morning. Clients who sold can buy back now to replace those shares if they wish. A forced buyback has not been issued YET...that is still be decided on the executive level of TDA. NO EMAILS OR PHONE CALLS have been made communicating to clients that TDA would buy back the shares for clients. If a forced buyback is issued, clients will be notified. Talked to the head of the department, Mike Gonzales....888-723-8504...call him yourselves...do your own DD. Those who are saying the TDA communicated that they were going to buy back shares either have been mis-informed or are lying. That decision has not been made. GLTA
It doesn't matter who is buying and who is responsible. The only thing that ultimately matters is somebody is going to have to get those restricted shares out of the market. When that happens the supply will quickly dry up and if people are actually holding what they say they are ........we'll control the market. If 50 -100 people hold 500K to 1 mil. shares, they won't be able to cover all the restricted shares until somebody caves. And that my friends will cost them $$$$$$$.
-------------------- He who dies with the most toys Wins!!!
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If TDA is forced to buy back these illegal shares that we hold, the only way we are gonna make money is if TDA is required to buy them back by a certain DEADLINE . If a deadline is NOT declared, they will drive this low, keep it low, and sooner or later we that hold illegal shares will grow tired and sell them back cheap. IMO.
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quote:Originally posted by dkinvest: If TDA is forced to buy back these illegal shares that we hold, the only way we are gonna make money is if TDA is required to buy them back by a certain DEADLINE . If a deadline is NOT declared, they will drive this low, keep it low, and sooner or later we that hold illegal shares will grow tired and sell them back cheap. IMO.
There inevitably has to be a deadline. Its like having forever to pay a margin call without trade restriction. Besides that the shares were restricted to prevent the new stock from losing value. They need to be at 1.00 to hit the major exchanges. Leaving those shares out there and letting TDAM take their time derails that plan.
just my opinion
-------------------- He who dies with the most toys Wins!!!
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Tha's exactly what I said yesterday and why I agreed with RepoMan. People will get sick of holding. If you want to tie up money for an indefinite amount of time, it's probayl wort hte risk, but unless they have to by them back by a certain time, you won't see another run like the ones this week.
quote:Originally posted by dkinvest: If TDA is forced to buy back these illegal shares that we hold, the only way we are gonna make money is if TDA is required to buy them back by a certain DEADLINE . If a deadline is NOT declared, they will drive this low, keep it low, and sooner or later we that hold illegal shares will grow tired and sell them back cheap. IMO.
posted
If thre was always a deadline for MMs to buy back shorted shares you'd never see naked short selling. The fact that it exists, and in such volume should tell you all that you need to know about deadlines for MMs.
quote:Originally posted by MakeMoney: There inevitably has to be a deadline. Its like having forever to pay a margin call without trade restriction.
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Look at the price now. Available shares are drying up. The MMs are trying to force it back down but after this mornings sell off, they have been loosing the upperhand. They bid lower and it drops a few ticks but then stubborn dreamers like me hold on and it rises right back up. "One step back to take two steps forward" Right now there are more buy orders than sell orders from what I can see.
quote:Originally posted by PCola77: Tha's exactly what I said yesterday and why I agreed with RepoMan. People will get sick of holding. If you want to tie up money for an indefinite amount of time, it's probayl wort hte risk, but unless they have to by them back by a certain time, you won't see another run like the ones this week.
quote:Originally posted by dkinvest: If TDA is forced to buy back these illegal shares that we hold, the only way we are gonna make money is if TDA is required to buy them back by a certain DEADLINE . If a deadline is NOT declared, they will drive this low, keep it low, and sooner or later we that hold illegal shares will grow tired and sell them back cheap. IMO.
-------------------- He who dies with the most toys Wins!!!
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These are not just shorts. They are illegally sold shares. Win or loose nobody wants the SEC or NASD sniffing around. There is no way they would let this drag out. The downside potential to strtching this out is greater than the immediate cost.
quote:Originally posted by PCola77: If thre was always a deadline for MMs to buy back shorted shares you'd never see naked short selling. The fact that it exists, and in such volume should tell you all that you need to know about deadlines for MMs.
quote:Originally posted by MakeMoney: There inevitably has to be a deadline. Its like having forever to pay a margin call without trade restriction.
-------------------- He who dies with the most toys Wins!!!
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posted
Originally posted by dkinvest: If TDA is forced to buy back these illegal shares that we hold, the only way we are gonna make money is if TDA is required to buy them back by a certain DEADLINE . If a deadline is NOT declared, they will drive this low, keep it low, and sooner or later we that hold illegal shares will grow tired and sell them back cheap. IMO. I agree dk, needed more info, so I called reorganization & safekeeping at Ameritrade and talked W/Jane she was very helpful.(1-888-723-8504)She said no new info about who is ultimately responsibe yet. I also asked her what time frame are we looking at if these restricted shares which were sold have to be covered. She said, those restricted shares would have to be bought back and would be due IMMEDIATELY! So I believe we could still see a short squeeze. When? not sure, however the 3-day settlement for Friday and Monday's sell of restricted shares is today! Do your own DD. GLTA!
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quote:Originally posted by PCola77: If thre was always a deadline for MMs to buy back shorted shares you'd never see naked short selling. The fact that it exists, and in such volume should tell you all that you need to know about deadlines for MMs.
quote:Originally posted by MakeMoney: There inevitably has to be a deadline. Its like having forever to pay a margin call without trade restriction.
There is no deadline. AMTD can hold short positions for as long as they like, as long as you are willing to accept that inherent risk that comes with being short. Anyone who tells you anything else is trying to get you to hold this POS. They probably bought at .01.
And NITE is not AMTD. NITE is NITE. Independent MM. AMTD is TDCM. TDCM is the Capital Markets dept. of TD (now AMTD).
Call me what you want, I have been right on this the whole time... sell before the merger, buy right after, and sell now.
.006 close still.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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quote:Originally posted by Repoman75: They won't ask, they'll just TAKE the proceeds and give you back your shares... again, only if they are supposed to be restricted.
If they are NOT supposed to be restricted, then all of you Scottrade people should be b1tcing right now if you want to sell. They are merely incompetent in updating their systems. They can take a contigent trade if they wanted to until they update their systems. This Tues. BS is BS.
I have NEVER had problems with Scottrade.
-------------------- I buy fast and sell faster!
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quote:Originally posted by Repoman75: The reason you couldn't sell on Scottrade is because their systems weren't updated, not because they knew about the restrictions.... shill.
Here's 1 star for you.
One reason the star system does not work!
-------------------- I buy fast and sell faster!
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quote:Originally posted by MoneyMoneyMoney:posted 23 May, 2006 12:55 I'm all out now. Not bad profit for time spent on everything. Good luck to all that keep playing!!!
Be cautious.
I had clinicals the next day. Couldn't be there to sell so I sold a day ahead.
-------------------- I buy fast and sell faster!
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NEWS - PAIV: "Phantom Shares" Debacle Unresolved Ameritrade, Paivis, Keeping Possible Buy-in Decision Under Wraps May 25, 2006 1:30 PM
(By InfinitiStocks.com) There is still no official word from TD Ameritrade or Paivis, Corp (OTCBB: PAIV) on the potential squeeze play of the year, involving "phantom" shares, million dollar margin calls, and locked trading accounts. On Wednesday, InfinitiStocks.com contacted both TD Ameritrade and Paivis for a statement. To date we have not received a reply from either firm. Telephone hold time at Ameritrade's Reorganization and Safekeeping department ranges up to an hour for investors calling in to inquire about their account status.
Ghost Shares? Last week, shares of unknown origin were delivered as part of a merger/tender offer to former JPHC shareholders holding accounts with TD Ameritrade, a popular online brokerage firm. However, Paivis news on Monday clearly states, "The Merger Shares...have not been allocated to the Jupiter shareholders of record." The press release continues, "Merger Shares have not been physically received by Depository Trust Company." Reports are that major online brokerage firms including Charles Shwab, Scottrade, Fidelity, and others, have not yet issued JPHC merger shares to their own customers.
Panic Sell Off Sparks 990% Rebound Nonetheless, alleged merger shares that (according to TD Ameritrade) did not bear the restricted legend began appearing in JPHC shareholders' Ameritrade accounts late last week. Investors who contacted AT claim they were informed via telephone and email that their new shares of PAIV were unrestricted and freely tradable. The result was a panic sell off last Friday as some investors began to sell, and more joined in to avoid the near-total loss. The flood of new PAIV shares caused the price to tumble 90%, to $0.0011. Monday the stock rebounded in a big way, and by Wednesday reached an intra day high of $0.0012 - a whopping 990% above last Friday's close. At the time of this writing, PAIV is trading approximately 450% above Friday's level, yet still substantially lower than before the sell off. While day traders and short term speculators have cashed in on this week's rally, we can't help but wonder what existing PAIV shareholders are thinking as they see their own investment ravaged by such powerful market forces.
Restricted vs. Unrestricted Obviously something is terribly amiss. Paivis stated quite clearly in official filings that the merger shares would be unregistered, and the press release reads, "These Merger Shares to be received by the Jupiter Shareholders are restricted securities as defined by Rule 144." Yet according to TD Ameritrade last week, the shares they issued to their own customers did not bear the restricted legend, and thus were eligible for trade. Ameritrade customer correspondence submitted to InfinitiStocks.com admits, "These new shares were to be restricted. However, Ameritrade allowed clients to trade the security unrestricted on Friday 5/19/2006 and Monday 5/22/2006." The correspondence also reads, "Former holders of Jupiter Global Holding who have sold PAIV will have a short position that may need to be bought back." Unofficially, word from Paivis is that these shares should not have been allowed to trade.
Buy-in Possible, Blame Not Yet Assigned The net effect appears to be a sizeable uncovered short position. Paivis claims there are just 56.5 million PAIV shares outstanding, yet total trading volume since last Friday stands at almost three billion shares. Many Ameritrade customers who sold the (admittedly) unrestricted stock issued to them by their broker awoke this morning to find their account locked, a negative balance, with one customer reporting a margin maintenance call of over $1,000,000. That's certainly a hefty penalty for selling a stock that currently trades under a penny per share. The question remains: in this extremely unusual situation, who will be required to repurchase the shares? Today, Ameritrade is informing investors who call that no decision has been made pertaining to a buy-in. Further, if a forced buy-in is required, "investors will be notified." There is no official indication whether TD Ameritrade will repurchase potentially billions of shorted shares on their own, or force their customers to bear the brunt of the loss. With primary blame for this incident not yet assigned, it's anyone's guess.
InfinitiStocks will continue to monitor and report new developments as they occur. Retail investors with written correspondence from their brokers that helps explain this unusual situation are invited to forward it to us at: team-infiniti*infinitistocks.com. Any personal information will remain confidential.
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repo your a basher or worse not because your great or something - but you are right about NITE ameritrade is under contract with them and other MM's like UBSS etc. they are thier own entity - but ameritrade may have more influence over one MM as opposed to another.
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DK, you're treading on thin ice my friend. Did you see CRDM today? Those are the live plays.. of course I missed it, but, need to keep your powder dry and loaded for those occurences...
To each his own. GL.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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All of these penny's are like treading on thin ice....short squeeze is coming, and when it comes it will be BIG. Yes, the stock gained 100's of % this week, but that was buying on rumor - News is comming.
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repo no way --you can't be great when you want to watch people lose money or even hope people lose money - if people think I'm wrong go to raging bull BB and look - this is a person that has not been in this stock for weeks but yet still posts several times a day stating that this is a POS - what is this person doing for a living? (posts during day) - I'm here in this stock with restricted shares and non restricted shares I have money on the line- I make my decision - I will ask you again "why are you posting on this thread?" nobody likes your self indulgence
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