posted
Dr. Who is a poster here that claimed he had a group of shareholders that held shares and dogcatcher was a person on ragingbull that would give the posters there a heads up when a PR would come out. Just some interesting characters in this shakespearean comedy. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
IP: Logged |
posted
tman, I can't stay on that other site long enough to find out, but there is definitely an IR shark in the water. If you look at the SEC's 14f1, you'll see a certain dollar amount highlighted in yellow. From there, it's not too hard to figure out the players. Hawkins started out JPHC wanting to do it right, and I believe he tried. Old habits?
quote:Originally posted by tmanfromtexas: Buy Tex, I went through this when BKMP gave shares in Amerosi. AMSN. They were a divi which I know is different then here but they are common and they are restricted. Is there anyone here that 1. held shares through the change in symbol and 2. sold those shares Friday. 3. who do you use as your trading platform. Just curious if there is some kind of notice that may be posted on your account now. TMAN...
Presumably, there were no shareholders of AMSN who went one day from trading common stock to holding "untradeable" restricted stock... yes?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
IP: Logged |
posted
Gotchya, Tman...my point is I don't understand how they could treat one class of shareholders (JPHC folk) differently than another class (APOA folk). They may have *wanted* to, then found out that's not OK...
--tex
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
IP: Logged |
re the yellow number, I still have to make the assumption that compensation was based on pps in some way. Remember the 'intentionally withheld information' blocks on the APOA filing?
posted
could be tick... BuyTex, apoa had free trading shares prior to the ticker change, and in my opinion they were simply transferred from apoa cusip to a paiv cusip and are free trading. The 8k only mentions the shares held by jphc holders. apoa shares were not mentioned as far as I remember. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
IP: Logged |
posted
tman's right, we had a scenario where all JPHC shares and only APOA divvy shares would be restricted.
OK, BuyTex, I think... old jphc shares are not restricted. Take a GOOD look at the 14F1. Is this, or is this not, the exemption declaration that was absent to begin with? I just don't want to start something, when I may be looking at it upside down. Someone with SEC knowledge is needed. I could be 100% wrong.
I am not a member of DR Who and JPHC shares are restricted.
the JPHC shares converting were restricted...the 10x1 divi shares given to prior apoa holders were restricted so only the original apoa shares were free to trade and that was 55mil+ change. Trade was 600mil+ change Friday...ohoh. Quite an interesting development this is...we will watch and see...lol Lindy
IP: Logged |
posted
Ya know.. I can understand (though I don't like it) that dividends like AMSN are restricted, since we didn't pay for them. They were a gift of sorts. BUT.. we paid for our JPHC shares. So our hard-earned money is being held 'hostage' of sorts. We can't sell and get OUR money back. We can just sit and watch the stock go down to .0001 if that's where it's heading.. and do nothing?? So PAIV has our money, and we have no chance on getting it back till when? Somehow that just seems very illegal to me. PAIM divs are restricted, but not PAIM. BKMP is tradeable, though AMSN isn't... which is all fine. BUT to take our stock, do a merger or whatever they want to call it.. and then forbid us to sell? Has anyone checked the legality of this?
-------------------- "As long as there are dreamers, there are dreams that will come true."
IP: Logged |
posted
Hey guys, face it. They did two different press releases, both letting you know in advance that they would be restricted. They do that so when they do merge everybody doesn't sell their shares all at once leaving them hi and dry.It's protection for the company. If you don't have any faith in the company then you should have pulled your shares out before the merger. Get over it. PAIV is really solid now, no debt,no lawsuits. The stock should do well. Call it and investment.
IP: Logged |
After hearing that Ameritrade peole were able to sell their stock I called Scottrade and they said I could sell, but I would be responsible if any changes were made to the transaction, like if the rate changed from .462 or whatever. I said fine, and sold my 10Mil JPHC shares (4.6mil PAIV) at an average of .0011. After reading all the stuff about having to buy back, I got a bit worried and called Scottrade again, asking if there was a chance that I had basically acidentally shorted the shares, and could i be liable for having to buy them back at market price. He said yes, that was possible, but until he had confirmation that they were restricted, he didn't want to tell me to buy then back (at this time it was trading at about .0014-.0015, so I'd be out like 30%+). Eventually it dropped back to .0009-.0010, and so I bought my 4.6million back at .0010. So now I'm back to where I started, but made $400 on the "short sale" and "cover". Almost makes up for the $6K tha I lost on it in the first place...
After reading through this whole thread, and all the PRs, I still have NO FREAKING CLUE what I am/was supposed to do. Hopefully this all gets sorted out quickly on Monday, because I'm too busy at work to be reading the internet all day.
Good luck to anyone who's involved here, and if you're not, for the sake of your own sanity, stay out!
IP: Logged |
quote:Originally posted by pepsiman: Hey guys, face it. They did two different press releases, both letting you know in advance that they would be restricted. They do that so when they do merge everybody doesn't sell their shares all at once leaving them hi and dry.It's protection for the company. If you don't have any faith in the company then you should have pulled your shares out before the merger. Get over it. PAIV is really solid now, no debt,no lawsuits. The stock should do well. Call it and investment.
except, this issue remains: Freely trading Company A can not take over freely trading Company B, and leave Company B's shareholders with non-tradeable stock...
OK, back up--they're not *supposed* to be able to do that...
read the thread, and you will see at least two good examples in which "supposed to" follow-the-regs turned against traders when broker/dealers were threatened. In both cases, the buy-in provisions were set aside.
All I can say, at this point, is the company apparently screwed up its play... if broker/dealers are not in peril, could be huge
Vice-versa? could be suspended
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
IP: Logged |
quote:Originally posted by PCola77: Wow, this is some crazy crap.
Here's my story...
After hearing that Ameritrade peole were able to sell their stock I called Scottrade and they said I could sell, but I would be responsible if any changes were made to the transaction, like if the rate changed from .462 or whatever. I said fine, and sold my 10Mil JPHC shares (4.6mil PAIV) at an average of .0011. After reading all the stuff about having to buy back, I got a bit worried and called Scottrade again, asking if there was a chance that I had basically acidentally shorted the shares, and could i be liable for having to buy them back at market price. He said yes, that was possible, but until he had confirmation that they were restricted, he didn't want to tell me to buy then back (at this time it was trading at about .0014-.0015, so I'd be out like 30%+). Eventually it dropped back to .0009-.0010, and so I bought my 4.6million back at .0010. So now I'm back to where I started, but made $400 on the "short sale" and "cover". Almost makes up for the $6K tha I lost on it in the first place...
After reading through this whole thread, and all the PRs, I still have NO FREAKING CLUE what I am/was supposed to do. Hopefully this all gets sorted out quickly on Monday, because I'm too busy at work to be reading the internet all day.
Good luck to anyone who's involved here, and if you're not, for the sake of your own sanity, stay out!
Pcola--have seen this play out before. Just for grins, how about asking Scottie, "Since I can *not* short pennies, how is it suddenly I'm allowed to short pennies?"
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
IP: Logged |
posted
People know that it is at these levels by a mistake and shouldn't be this low. Their getting shares now while they can. Incredibly undervalued right now!
IP: Logged |
posted
OK, I just talked to Scottrade and they told me that the shares are NOT restricted. If they were, it would have to be explicitly stated in the (I forget the word he used, but I think this is the one) "legend". I told him that all the PRs said they were going to be restricted. He said it's possible that the company intended for them to be restricted but messed something up on the paperwork.
Please don't do anything (buy or sell) based on this, because I can't guarantee that the guy was right, but that's the info that I got.
Maybe if PAIV does release a PR soon we'll get a better idea of what's going on. Has anyone called them yet this morning?
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
