posted
Oh I don't plan on banking on the banks for any profits that's why the market it's doing. Im just trying to build my portoflio value with little money right now, I aint big time playing right now, thats gonna be later
Yeah just saw that too db..
-------------------- Da Fareak Posts: 438 | From: San Francisco | Registered: Apr 2006
| IP: Logged |
quote:Originally posted by freddy79: Oh I don't plan on banking on the banks for any profits that's why the market it's for. Im just trying to build my portfolio value with little money right now, I aint big time playing right now, thats gonna be later
Yeah just saw that too db..
-------------------- Da Fareak Posts: 438 | From: San Francisco | Registered: Apr 2006
| IP: Logged |
posted
Geez, PAIM pulled back by over 50% since its high and PAIV just got back more than half of today's losses. I wonder if PAIM people took their profits to get back into a more "sure thing"?
That was painful to watch though for a while.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
Yep, I did that. I bought 17K of PAIV for 0.159, sold yesterday at .22 Bought a mil of PAIM yesterday at 0.0025. Put a limit order in the morning (based on hunch and hunch alone !!!) for sell at 0.004. Bought back 30K of PAIV at 0.113 this morning !!! Wo hooo...
Posts: 1134 | Registered: Apr 2003
| IP: Logged |
I just called the Transfer Agent and he has not received anything from Scottrade call their Compliance Dept. Check my previous posts for phone numbers to T/A and Scottrade with SEC Compaint web site.
Posts: 88 | From: USA | Registered: Apr 2006
| IP: Logged |
posted
Not to be a jerk, just kinda lazy, but would you mind reposting them? I scanned through the last few pages and must have missed your post with the numbers.
quote:Originally posted by same: Scottrade has not Given anything to T/A
I just called the Transfer Agent and he has not received anything from Scottrade call their Compliance Dept. Check my previous posts for phone numbers to T/A and Scottrade with SEC Compaint web site.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
looks like people are interested in it for a possible monday gapper/runner
Posts: 135 | From: Northern New Jersey | Registered: May 2006
| IP: Logged |
posted
just called transfer agent for PAIV - he has fedx package from scottrade but hasn't opened it (after talking with scottrade compliance dept. earlier I believe its the stock holder lists)
Transfer agent stated nothing from TDAMERITRADE and today is absolutely TDA last day ( should have been in weeks ago.)
get ready for next week!!!!
Posts: 230 | From: florida | Registered: Feb 2006
| IP: Logged |
posted
tons and tons of shares bought at .165, a few sells and the BxA gets knocked down... hmm
Posts: 135 | From: Northern New Jersey | Registered: May 2006
| IP: Logged |
posted
db, I've been following this stock the whole time, but am slightly confused by the deadlines that you and tonicma have been talking about. I'm sure I'm missing something, but what does the deadline for submitting names of people who held JPHC have to do with any deadline for covering?
Seems to me like they are two totally different things. Ameritrade could sumit their list of people who owned JPHC, but how would that make them cover the shares of PAIV that they shorted.
Can you tell me what I'm thinking of improperly?
The whole time I've been accumulating this stocks it's never been with a deadline in mind, it's that at some point in the future all shares will have to be covered.
Thanks for any insight that you can provide.
quote:Originally posted by db: just called transfer agent for PAIV - he has fedx package from scottrade but hasn't opened it (after talking with scottrade compliance dept. earlier I believe its the stock holder lists)
Transfer agent stated nothing from TDAMERITRADE and today is absolutely TDA last day ( should have been in weeks ago.)
get ready for next week!!!!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
I held strong today even though I saw it go down all the way to .091 , Man for a moment I was panicking but than after a good gut check I knew it would be back up. Watchout Monday here we come
-------------------- Da Fareak Posts: 438 | From: San Francisco | Registered: Apr 2006
| IP: Logged |
all certs for restricted shares have to be in by today period, no more extensions etc. if not the TA notifies the SEC
with all certs comes numbers (cusip) this shows how many shares they actually are (restricted)
if there is a naked short position this will give actual numbers of how much is shorted
this stops the brokers from trading phantom shares and they will have to cover
huge short the pps goes up until trading stops or deal made IMO
all in all - TDA not having the list in on time shows to me they are truly short and if the TA notifies the SEC it's another nail in their coffin
Posts: 230 | From: florida | Registered: Feb 2006
| IP: Logged |
posted
But I thought restricted shares were never shorted. The way that I understood it, all of the shares that were traded have had the unrestricted CUSIP number. Ameritrdae hasn't had to report the number of shares that were shorted due to the fact that those shares weren't restricted. I guess I'm still confused. Either way I'm about as close to 100% sure as possible that they will have to cover those shares, and I never expected it to have to be done by this week or next, I figured the hige price run-up was from some unknown ultimatum that Ameritrade got. Mayeb I was incorrect in that thinking, but regardless, those shares have to be bough back and couldn't have been, at least not yet.
quote:Originally posted by db: The way I understand the situation is :
all certs for restricted shares have to be in by today period, no more extensions etc. if not the TA notifies the SEC
with all certs comes numbers (cusip) this shows how many shares they actually are (restricted)
if there is a naked short position this will give actual numbers of how much is shorted
this stops the brokers from trading phantom shares and they will have to cover
huge short the pps goes up until trading stops or deal made IMO
all in all - TDA not having the list in on time shows to me they are truly short and if the TA notifies the SEC it's another nail in their coffin
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
July 20, 2006 Pearl Asian Mining Mirrors Paivis Corporation Paivis Corporation (OTC: PAIV) is currently up $.051 to $.215 on another heavy volume day. As mentioned in yesterday's **** post, the stock has surged an unbelievable 15,000% since May 22 on a massive short squeeze. Microcap investors out there are now purchasing shares of Pearl Asian Mining (OTC: PAIM) hand over fist, as its shares surge $.0011, or 183%, to $.0017 on outrageous volume of 1 billion shares. Investors believe that a similar situation in comparison to Paivis is underway. There might be some truth to that because on July 12, Pearl Asian Mining announced that it was close to completing the buyback of approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture (CD). Pearl Asian Mining has transferred to the Depository Trust Company (DTC) notes with a face value of approximately $27,000,000.00 which the DTC received on approximately June 21, 2006. However, PAIM has not received any of the 27,000,000,000 common shares of the buyback. At this point, the shares bought and sold in the market should only equal the remaining 10% of Pearl's issued and outstanding shares. However, the company believes that some of the DTC's participants, i.e. brokers, have failed to notify their clients, which has resulted in many shareholders selling shares short. It looks as if there could be another share imbalance and that brokerage firms are yet again caught in the middle of it all. Let the short covering begin.
posted
Very Important Scottrade and other Brokers on Paiv Restricted Shares Wake up people call your compliance Dept and do a SEC Complaint they are all Damm liars the brokers that is. As of today the T/A had nothing from Scottrade.
I talked three hours today to the Paiv Transfer Agent at Phone #1- 303-783-9055 and to Scottrade Compliance Dept Phone # 1-800-888-1980 EXT 1900. This is what I found out.
I would first suggest that you find out the phone number of your broker’s Compliance Dept as I did and call them to request your Paiv Restricted Shares be sent to you in your name to your home address.
You must do this otherwise the Brokerages will not do anything to help you. They are out to help themselves... The Transfer Agent and the Company Paiv have done everything they can do, it’s the Brokerages that are not cooperating because they shorted JPHC and Paiv., they got greedy and are now caught in that greed, it is up to the Shereholders of JPHC to start complaining to their Brokerage Compliance Dept. that serves him or her. You as a client signed an agreement with your Brokerage Firm and have every right to do this. The Brokerages have been telling everyone different stories to buy time because they are making huge money from shorting JPHC and PAIV.
This is what I found out today July 14, 2006 about Scottrade who is my broker about my JPHC Shares. Now remember other Brokerages are doing the same thing .This is in three Parts A, B and C.
Part A
All of our JPHC Shares were held in CEDE&CO. All of out JPHC Shares were sent to the PAIV Transfer Agent by CEDE&CO.
The Transfer Agent has all the names and share totals for all JPHC shareholders that were sent to them by CEDE&CO.
This was done two months ago. The Transfer Agent faxed all Brokerages two months ago with detailed instructions for the Brokerages to follow.so that the JPHC shares could be converted to PAIV restricted Shares and sent to the owners of those Paiv Restricted Shares at their home address.
The Transfer Agent asked for the Name, Address, Social Securtity number and the amount of JPHC Shares held in the clients account.
Now how hard is this to do, it is all done electronically.
The Transfer Agent right now has all the PAIV Restricted Shares ready to be mailed out to us at our home addresses.
So why would the Brokerages not do what the Transfer Asked them to do. This is why.
Part B
I found this out while talking to the Transfer Agent, The Transfer Agent added up all the JPHC Shares that CEDE&CO sent them.
There was a HUGE Discrepency in the total JPHC share count that CEDE&CO sent to the Transfer Agent compared to what the Brokerage Participents Share Count.stated.
Why? Because a large number of brokers loaned out JPHC Shares to other participants to cover short sales which caused the huge share price drop in Paiv which caused the huge share number difference in what CEDE&CO sent the Transfer Agent compared to the Brokerage Participants JPHC totals.
For Scottrade my Broker they loaned JPHC Shares to Merill Lynch.
Other Brokerages did the same thing with many different brokerage Firms.
For Scottrade to correct this situation they have to demand the return of all the JPHC Shares from Merill Lynch or Scottrade has to buy in Merill Lynch based on the original transaction with merill Lynch.
This is what Scottrade is trying to get out of and why they along with other brokerage firms are not cooperating with the Transfer Agentfor PAIV.
The Brokerages also want to keep your PAIV Restricted Shares in their own Vault. Why? So when the restriction is lifted they can short the shares and start this process all over again.
They can not do this if you have the Shares in your name held by you. Here is the PAIV Press release for June29, 2006 stating the procedure for the Brokers to follow. I called my Broker Scottrade on June 30, 2006 and was told everything would be taken care of by Scottade and they knew of the Press release issued by Paiv. I called again on July 13, 2006 and was told that my JPHC shares were sent to the T/A and that within 5 days i should have my Paiv shares. I called again on july 14, 2006 and was told by numerous parties that Compliance was aware of the situation and working on it. I asked for the Compliance Dept number and received another story. I then called the Transfer Agent along with Loyola. The Transfer Agent talked to Scottrade and gave them specific Instrutions for the second time. These conversations took 3 hours. Press Release June 29, 2006 Paiv. http://biz.yahoo.com/iw/060629/0140620.html
PartC
This is what I was advised to do after tallking to the Transfer Agent of Paiv phone # 1-303-783-9055 and the Investor Relation firm Loyola used for Paiv phone # 1-702-317-2300.
I also found out there will be a fee of $25.00 per Cert. If you have two accounts it is $50.00.
By all means call numbers I listed above and ask your own Questions. Use my post for a reference and remember the Broker is out for themselves and making money, expect to be told stories by all the Brokerage firms involved in this fiascal and remember demand your Paiv Restricted Shares sent to your address in your name.
So with this information I found out today and on the advice I was given I called Scottrade Compliance Dept and left a message that I as a Scottrade Clinent and shareholder of JPHC shares will file an SEC Compaint against Scottrade for their refusal in cooperating with the above parties mentioned in giving me my Paiv Restricted Shares that I am entitled to mailed to my home address in my name.. I stated that if I did not have my Restricted Paiv shares within 10 days from today July 14, 2006 I would begin my SEC Complaint. against Scottrade, I will also file a Complaint with
Expect a song and dance from your Brokers saying that Latimere and DTC are involved. Do not fall for this and verify what I am posting here with the Paiv Transfer Agent..
Also I found out that the only way to stop Firms from Shorting Stock is for you the client to ask and sign an agreement with your Broker that they are not to loan your shares out. They will not tell you about this agreement you have to ask them for it. If they do loan your shares out you can sue them. Putting a Sell order above the price of a stock does not tie your shares up as some think it stops the firms from shorting.
I hope this helps and call your Compliance Dept right away.
Posts: 88 | From: USA | Registered: Apr 2006
| IP: Logged |
posted
same, some of us were told there is no fee to receive the certs but there will be a fee to lift the restrictions after one year and again after 2 years.
-------------------- corn oil comes from corn, olive oil from olives, where does baby oil come from? Posts: 441 | From: Vulcan | Registered: Feb 2006
| IP: Logged |
posted
pay up 25.00 fee because they are in your name
And sent yo you at your address. Which is great IMO. I do not want brokers holding my Shares. Also do a Cash Account this way the Brokers can not loan you shares out to other firms.
Posts: 88 | From: USA | Registered: Apr 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
![[Big Grin]](biggrin.gif)
![[Frown]](frown.gif)
