posted
It's just a matter of waiting this MM attack out, patience will pay off big rewards for those who will wait this out. All the news on PAIV and the current situation has and will develope is excellent and will make us all very wealthy. Holding 3 MIL long. This is an excellent time for those to pick up some very cheap shares at very low prices. IMO
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posted
Bashers are back on RB board alot of the same ones from friday - that could be a good sign for those of us still holding makes me think their trying real hard to drive pps down before news on how short this stock really is!
I'm holding for the big run or going down with the ship
have PAIV stock in one hand and a snorkal in the other!
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quote:Originally posted by db: Bashers are back on RB board alot of the same ones from friday - that could be a good sign for those of us still holding makes me think their trying real hard to drive pps down before news on how short this stock really is!
I'm holding for the big run or going down with the ship
have PAIV stock in one hand and a snorkal in the other!
Im so there with ya... Not gonna sell my shares, long live PAIV
posted
The encouraging thing is that the share is down in 0.07s on pretty low volume. Nothing to worry... I would be worried if it was at the same level at say at the 50 average million volume !!!
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posted
true because if you put the last 2 days and today's vol. so far it only equals up to 24 vol for the 3 days combine. Now if you look at the daily vol for the last 12 days it's roughly about 50 mil daily vol. So I agree with Bksundar I would worry if it was going down on such high vol
posted
I called Scottrade complaint dept.They said certs. were ordered last week and were on there way.He didnt know how long it would take...I'll give them 14 days and we will see.....
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I just found this out July 24, 2006 at 12.20 pm est from T/A.
The Lists Were sent out to T/A as stated by Scottrade but they Scottrade did not include one item. Scottrade did not provide the T/A their Stock Record Posistion on JPHC as of the record date. The T/A needs this to verify the totals, without this he can not send out the Certificates to us. The T/A is going to sent out another Fax asking for this material.
IMO Scottrade knew very well what they were doing and did not include their Stock Record Posistion on JPHC as of the record date needed by the T/A. Call and e-mail Scottrade Compliance dept Phone Numbers are below in my previous posts about Scottrade. *********************************************************** By: same53 20 Jul 2006, 10:58 AM EDT Msg. 9794 of 11070 (Msg. is a reply to 9182 by same53.) Repost Very Important about Brokers and Paiv Shares
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.
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posted
Now PAIV is also staring to show spreads like PAIM - 0.086 Bid/0.094 Ask Everything however on pretty low volume. Hoping for an exciting WWEN like day tommorrow...
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quote:Originally posted by brackep: PAIV over 200 million short for only July ... That's 20 times the Volume IMO we are going up!!! They have 10 days to cover
this is only for the month of July...actually from July 1st to July 15th. Does not include the short from June/May timeframe or the short position that was carried over from JPHC. Read the rules of short reporting on the webpage. The rest of the short positions will be revealed thru the process of paivis gathering all real shareholder data. GLTA
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posted
best thing we can all do as of now is put a sell order in at a higher price ... like .40 or .50
Just for July 1st till July 15th there are 239 million short. You can imagine that is gonna take some bid upticking to get people to sell. Add that with buying pressure because now everybody knows PAIV is the #1 most shorted stock in the OTC.
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posted
Ok let's used 239 as an example on my next calculations. So in about 15 trading days of July they have shorted PAIV about 239, now divide that by the 15 trading so far in July, it equals about 79 mil for each week. Now paiv has been shorted since the May 22 till now correct. So from May 22 till now that's 8 weeks, now multiply 8 by 79 and you have roughly 632 shorted shares they still need to cover. Which I think would give us about close to 2 weeks for them to cover.
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quote:Originally posted by freddy79: Ok let's used 239 as an example on my next calculations. So in about 15 trading days of July they have shorted PAIV about 239, now divide that by the 15 trading so far in July, it equals about 79 mil for each week. Now paiv has been shorted since the May 22 till now correct. So from May 22 till now that's 8 weeks, now multiply 8 by 79 and you have roughly 632 shorted shares they still need to cover. Which I think would give us about close to 2 weeks for them to cover.
Just to be more safe as to the number of shorted shares, let's say we have in between 580 to 630 possible shorted shares. Me thinks we be going up an up, I'm gonna set my sell limit at 1$
posted
Is there somewhere to confirm that PAIV is the most heavily shorted? Or is that just what people thin based on looking at different securities? Seems like with the confirmation that this is shorted at almost 10x the outstanding shares just in the first 2 weeks of July, tomorrow should be a ridiculously huge day for PAIV. Am I simplifying this too much?
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posted
Here is a patial copy of a post from another board. This is from the "Short List"
PAIV is number 1 on the short list.. I copied and pasted the list into an excel spreadsheet, and did a "descending" sort on "current short position" PAIV is number one.. only the top 100 listed here
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