posted
FYI-Just called Scottrade....they have not received the new info from the transfer agent..should be a few days they said before our shares relfect new symbol
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions
IP: Logged |
From: "TD AMERITRADE Apex" <apexclientservices*tdameritrade.com> To: "xxxxxx" <xxxxx*xxxx.COM> Sent: Monday, May 22, 2006 9:48 AM Subject: Re: Reorganization and Dividends (KMM31437398I17490L0KM)
xxxxxxx,
At this time we have not received any official indication from the company that the shares of PAIV which you received are restricted shares; therefore you do not have to buy them back. If we receive information from the company that the shares are restricted shares you would then have to buy back the shares to cover any shares which you have sold.
Debra A. Apex Reorganization and Safekeeping, TD AMERITRADE Division of TD AMERITRADE, Inc.
IP: Logged |
posted
Just taked to Glen from Paiv IR and all JPHC, APOA divi shares are restricted. The total OS shares 55 million and float is around 28 million. Sounds like the people that sold there restricted shares on friday could be in a world of hurt if they don't buy them back.
IP: Logged |
posted
I just sold a few that i bought at the low on friday just to see what would happen, they were sold above my sell price and above the ask at .00141? whats that about?
IP: Logged |
quote:Originally posted by madmoney: I just sold a few that i bought at the low on friday just to see what would happen, they were sold above my sell price and above the ask at .00141? whats that about?
Just goes to show how valuable these PAIV shares are, MM's now that its incredibly undervalued so I'll hold my shares!
IP: Logged |
posted
LOL, we still have no idea what's going on. I'm not saying don't play this for momo or anything, but with all the conflicting info, be aware that either position is high risk/high reward.
As for Hannibull's e-mail, that seems ridiculous that Ameridtrade could possibly do something like that. "Here's your shares, sell them if you want to, but later we can tell you that you weren't allowed to, and you'd have to buy them back." Doens't seem like that would be legal.
IP: Logged |
posted
If the float is only 28 million (approx) then we could see a short squeeze. Possibly into dollar land. People who sold restricted shares on Friday probably would have to cover! Do your own DD Good luck to all!
IP: Logged |
posted
repo i am not pumping..dude the momo is here i am not pumping saying anything about these shares i am just saying that i am buying because of the momo
please dont ever say i am pumping again because i am doing no such thing!
quote:Originally posted by Repoman75: This is going because Shakerzz and Superman are pumping.
When Shakerzz is done, it will tank. I think JPHC f$cked up and didn't restrict the shares. Therefore, they screwed themselves.
-------------------- please dont trade stocks on my alerts, do your dd first.
IP: Logged |
quote:Originally posted by traderofcents: If the float is only 28 million (approx) then we could see a short squeeze. Possibly into dollar land. People who sold restricted shares on Friday probably would have to cover! Do your own DD Good luck to all!
posted
Repo, what are u talking about, on Friday u could'nt make a decision to buy when it was at .0010. Don't start bashing now just cause u did'nt get in! GLTA
IP: Logged |
posted May 20, 2006 23:55 --------------------------------------------------------------------------------
quote: -------------------------------------------------------------------------------- Originally posted by MoneyMoneyMoney: hmm. Interesting indeed. After seeing that "common" shares were issued I now know my theory will not work. I'm not in and am glad for those of you who did make out.
Always remember to protect your capital and take some profit to keep you in the game. --------------------------------------------------------------------------------
M3, don't say you "know" cuz of anything I say. I'm simply reading what's up there.
I just like to bone up on these deals, to see what "the system" is capable of... in many cases, lol, capable of "doing to" traders...
Someone mentioned GLKC/GLCK(E) (whatever that ticker was), which in fact did pay off quite handsomely. I first ran across that ticker when doing DD for the GLUV/GVRP/MAMG fiasco... The former seemed to be the only "near-precedent" for the geekiness of the latter.
As many know, the GVRP error paid very well for Ameritrade clients who sold before it was suspended. The ratio was roughly this: $100 buy nets $15k pay-off, perhaps even $30k; that was "best-case," as it traded roughly $2 to $4 during the week of the screw-up and traded after the f/s mostly at .0001 but at times as high .0002 (some market orders went through at .00002--still a nice profit, but a sidenote worth mention if nothing other than evident "geekiness").
What I don't know is whether GLKC(?) alerted the powers that be to these kinds of foul-ups, or whether some fundamental threat to the powers was absent in the GLKC run. As far as I know, it was not suspended and still trades.
Alas, that has been neither the fate of GVRP (who apparently pushed through an illegal r/s post-suspension) nor of BCIT, another supposed MOASS, ie, "Mother of All Squeeze Plays." It, too, was headed for Trader Pay-off Legend status, when *it* too was suspended.
The details, regs broken and so forth are different, but the commonality is, as I believe "Repoman" has suggested, the broker/dealer community will *not* take a horse-whipping. In both cases (GVRP and BCIT), the buy-in provisions were suspended--basically, broker/dealers were let off the hook while investor/trader capital remains frozen in limbo to this day.
Another oddity than may pertain: In GVRP's case--which was brought to the attention of both the NASD *and* SEC before forward-split shares were traded, as well as the company *and* the TA--Ameritraders who received their shares "automatically" were at first assured by Ameritrade that no problem existed. Within about 72 hours, Ameritrade reversed its position and warned clients they could be "liable" for a short position.
Incredible! We traders can *not* short pennies...
Acting, I believe, from that sort of "salt of the earth" mentality, those traders who said, "Sure--sell 'em" profited at the ratio mentioned. But it was a tense period until the dough was banked...
Another thing--perhaps also mentioned by Repo--is that even if one is *in the right,* a brokerage can make it very tough to access your funds/account. One trader on this board--who ultimately prevailed with more than $10k--also had that same account frozen, for at least a day or two...
Anyway...a long-winded ramble, to be sure...but one that may provide some background for others--and explains my interest. Will follow along...and as others know may even play it...
--------------------
As per Buytex Post this weekend This has happened before!!! Do your own DD GLTA
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
