posted
Nevermind. I had posted something a minute ago, but it didn't come across the way I wanted to. I didn't want to seem liek I was bashing.
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posted
The guy I talked to at Scottrade said they are definitely not restricted, as he was looking at the paperwork and the spot where it would have to say "restricted".
Someone else posted that Ameritrde said that they could find out later that they were supposed to be restricted.
So to answer your question, No, we haven't found out yet
quote:Originally posted by cowlowski: So have we found out if Jphc shareholds can sell?? or restricted?
HERE IS THE SCOOP!! DO NOT SELL YOUR DIVI SHARES!!!!!
IF you have the shares from the divi, DO NOT SELL. you may need to cover that position.
i have confirmed with sharehoder services (rep. of Plavis) that the divi shares where supose to be restricted AND they have been working on a remedy and PR in regards to this. They also said, the brokers are responsible for this mistake.
they told me if i recieved the divi shares that I SHOULD NOT SELL, because i may need to cover that position.
posted
You'd have to think the brokerage houses would be more familiar with the rules than an individual company, but you never know. My bet is that the brokerage houses did NOT allow "restricted" shares to be sold with this kind of volume. If they had any doubts they would not have put temselves at risk for that kind of "short squeeze"
quote:Originally posted by j_mania: So who in the end will be right about the restriction status, PAIV or the brokerage houses?
posted
See, that's the part I don't buy. I seriously doubt that multiple brokerage houses would coincidentally make the same error. If I'm wrong, I'll be happy for anyone who makes money on this, just be careful.
quote:They also said, the brokers are responsible for this mistake.
posted
OK I just talk to my broker. Keep in mind that this was my 3rd call this morning.They originally told me that JPHC shares were not restricted. I argued with them and then they said they would look into it. I called them back later and again they said they said they were not restricted. At around 8:00 AM my time they called me up and stated that a mistake was made and that they are restricted and that it will be posted.
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quote:Originally posted by pepsiman: OK I just talk to my broker. Keep in mind that this was my 3rd call this morning.They originally told me that JPHC shares were not restricted. I argued with them and then they said they would look into it. I called them back later and again they said they said they were not restricted. At around 8:00 AM my time they called me up and stated that a mistake was made and that they are restricted and that it will be posted.
posted
What broker was this? Who did you speak with? Feel free to PM me with the info if you don't want to post it. I'd like to confirm what you are saying.
quote:Originally posted by pepsiman: OK I just talk to my broker. Keep in mind that this was my 3rd call this morning.They originally told me that JPHC shares were not restricted. I argued with them and then they said they would look into it. I called them back later and again they said they said they were not restricted. At around 8:00 AM my time they called me up and stated that a mistake was made and that they are restricted and that it will be posted.
posted
this is reminding me a lot of PGPM's run... if you guys remember it had a runup of about 100 percent in the AM.. then it held strong and traded sideways for a while. Then exploded in the afternoon for much larger gains. jmo.
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posted
A nice upward move today. I bought this one for my son when it was JPHC, so I'm not selling it here. It's got a long upward way to go yet.
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