Who thinks we'll open flat, who thinks we'll open down, and who thinks we'll open up? And what are your instinct for tomorrow? No numbers, just a "way up, slightly up, slightly down" type of answer.
Seems like we should go way up, but I tend to be wrong with stuff like this.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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I thing since the list is now out. We should open up and climb. Notice I included PAIM on the list since a lot of people in this one are in that one too. GLTA $$
Posts: 81 | From: TX | Registered: May 2006
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SAME, I contacted Scottrade about my restricted PAIV shares and this is what they sent me. ------------------------------------------------ Dear Client:
Thank you for your email. Under the terms of this corporate action, you will receive 0.46232085 restricted shares of Paivis for every 1 share of Jupiter Global Holdings you own.
As Scottrade does not hold restricted shares in our accounts, you will be receiving a physical certificate directly from the company's transfer agent for your Paivis shares. Your account will be charged a $25 reorg fee for this action. You will not see the restricted PAIV position in your Scottade account at any time.
The transfer agent has not provided any estimated time for delivery of the certificates. Scottrade has provided the agent with all client information involved for the issuance of shares. Once the shares are issued, clients must deal directly with the transfer agent regarding any issues with the certificates. ------------------------------------------------
So when am I getting this Cert already? Do I have to call the PAIV TA?
any advice is appreciated by anyone on what to do to get my shares.
Posts: 379 | From: Peoria, AZ. | Registered: Apr 2006
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239,455,555 is a lot of shares, but not as much as i was originally thinking.. i don't think we'll see 50 cents a share, let alone a dollar or two dollars.
Posts: 136 | From: NY | Registered: Apr 2006
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pcola77 I'm going to guess we open flat to slightly higher I don't think the MM's would let this run until Thursday or beyond to discourage people out of investing in this - MM's IMO especially with confirmation on how shorted this stock is would want people to think they are in control and not let the price go up too much -
my swag(scientific wild ass guess) MM's will play the possible pending split(they know one way or the other) , SEC loop holes etc. to bail them out.
but pps will go up if people hold and new investors come.
MM's will work together we see that every day in this stock.
if this stock goes to .50 it will be a hard row to till for those who hold
and I'm holding to the bitter sweet end period!
I hope I'm wrong and this goes up for easy money for all the PAIV stock holders you deserve it. JMO
GO PAIV MAKE US PROUD!!!!!!!!!
Posts: 230 | From: florida | Registered: Feb 2006
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Well, the thing is, it's almost 10 times the float. So if just 10% of the people who own right now don't sell, they can't cover.
quote:Originally posted by yolkarmy: 239,455,555 is a lot of shares, but not as much as i was originally thinking.. i don't think we'll see 50 cents a share, let alone a dollar or two dollars.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Well, the thing is, it's almost 10 times the float. So if just 10% of the people who own right now don't sell, they can't cover.
quote:Originally posted by yolkarmy: 239,455,555 is a lot of shares, but not as much as i was originally thinking.. i don't think we'll see 50 cents a share, let alone a dollar or two dollars.
exactly , also don't forget the pressure thats on because of getting out the restricted JPHC shares
-------------------- PREPARE TO BE BOARDED Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
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Cancelled in that they didn't make the clients buy them back, but you can't just cancel the trade a few days later and say to the person that bought them: "Hey, we messed up, can we please have our shares back and you just won't get the 1000% gain that you thought you had?"
quote:Originally posted by yolkarmy: weren't most of the restricted sells cancelled by ameritrade?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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i see i see... well, i think its about time we moved on up :-D
quote:Originally posted by PCola77: Cancelled in that they didn't make the clients buy them back, but you can't just cancel the trade a few days later and say to the person that bought them: "Hey, we messed up, can we please have our shares back and you just won't get the 1000% gain that you thought you had?"
quote:Originally posted by yolkarmy: weren't most of the restricted sells cancelled by ameritrade?
quote:Originally posted by yolkarmy: weren't most of the restricted sells cancelled by ameritrade?
see, some of us are waiting on retricted jphc shares and in order for our brokers to compleat the merger deal the TA's and broker have to account for all the shares of the merger parties , in other words the brokers and TA's don't have the shares they have sold shares they don't have , and we hold what they are looking for , i have called my broker every day , and still they don't have the shares , but they surly can't be allowed to hold these two companies from merging completely ,, this is my humble understanding of the situation . sombody correct me if i have sumthin wrong
-------------------- PREPARE TO BE BOARDED Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
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quote:Originally posted by Chad: SAME, I contacted Scottrade about my restricted PAIV shares and this is what they sent me. ------------------------------------------------ Dear Client:
Thank you for your email. Under the terms of this corporate action, you will receive 0.46232085 restricted shares of Paivis for every 1 share of Jupiter Global Holdings you own.
As Scottrade does not hold restricted shares in our accounts, you will be receiving a physical certificate directly from the company's transfer agent for your Paivis shares. Your account will be charged a $25 reorg fee for this action. You will not see the restricted PAIV position in your Scottade account at any time.
The transfer agent has not provided any estimated time for delivery of the certificates. Scottrade has provided the agent with all client information involved for the issuance of shares. Once the shares are issued, clients must deal directly with the transfer agent regarding any issues with the certificates. ------------------------------------------------
So when am I getting this Cert already? Do I have to call the PAIV TA?
any advice is appreciated by anyone on what to do to get my shares.
quote:Originally posted by Chad: SAME, I contacted Scottrade about my restricted PAIV shares and this is what they sent me. ------------------------------------------------ Dear Client:
Thank you for your email. Under the terms of this corporate action, you will receive 0.46232085 restricted shares of Paivis for every 1 share of Jupiter Global Holdings you own.
As Scottrade does not hold restricted shares in our accounts, you will be receiving a physical certificate directly from the company's transfer agent for your Paivis shares. Your account will be charged a $25 reorg fee for this action. You will not see the restricted PAIV position in your Scottade account at any time.
The transfer agent has not provided any estimated time for delivery of the certificates. Scottrade has provided the agent with all client information involved for the issuance of shares. Once the shares are issued, clients must deal directly with the transfer agent regarding any issues with the certificates. ------------------------------------------------
So when am I getting this Cert already? Do I have to call the PAIV TA?
any advice is appreciated by anyone on what to do to get my shares.
Chad,
After logging on to my scottrade account, on the left under my positions it shows JPHC# with a number sign at the end of it and no price value. If I click on the word my positions, it shows the list again with more detail, if I click on the word gainskeeper on the left it then shows my PAIV shares with last days close value. I don't if it helps or not, just thought I would pass this along. I have also talked to scottrade and they indicated that they have sent everything to transfer agent and that I will hear from them. There is definitely a little administrative work that we will all be responsible for to get these restricted shares and then get them back to the transfer agent so that we can receive or non-restricted shares once the restriction is lifted in less than 10 months. But nothing overly complicated and it will definitely be worth the little bit of effort. To remind yourself what it is worth, just check that gainskeeper button.
Posts: 22 | From: Houston, TX | Registered: Feb 2006
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Paivis Corporation: The Ultimate Penny Stock Short Squeeze While penny stocks are usually not covered, this one cannot be passed over. Shares of Paivis, Corp. (OTCBB: PAIV) have doubled today, up $.08 to $.153 on heavy volume of 48 million shares. If today's percentage gain is shocking, the stock has surged an unbelievable 15,000% since May 22. The move higher began amid confusion, when on May 22, the company, under a merger agreement issued shares to be received by the Jupiter Shareholders as restricted securities defined by Rule 144. The Depository Trust Company confirmed no allocation of any shares had taken place by them due to restricted nature of those shares and the fact that the merger shares were not physically received by Depository Trust Company for further allocation. However, judging by the volume of billions of shares being exchanged, it appeared at the time that those shares had been accidentally handed over to customers by certain brokerage firms. Then on June 29, the company issued a clarification, stating that Jupiter Shareholders must surrender their Jupiter common share certificate to the Paivis transfer agent in order to receive their merger shares certificate. All the while, the price began to rapidly increase. To this date, it appears that the marketprice is reflecting a short squeeze because the merger shares of Paivis were not supposed to be issued and consequently and someone is paying the ultimate price of having to purchase the shares on the open market to cover the share imbalance.
Posts: 165 | From: pennyland | Registered: May 2006
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Following is my "armchair" analysis of where we're at today. Given the lack of any verifiable facts, it is entirely speculation and MUST NOT be used in plotting entry/exit points.
As you will see, I am being very conservative with the numbers. Even when hugely skewed in Ameritrade's favor - it suggests that only 47% of the shorted shares could possibly be covered to date.
During the panic sell-off last May, 1.57 billion shares were sold into the float in two day's time. I am going to call 1.519 billion of those shares "short shares," assuming that every legitimate PAIV shareholder sold out too. Therefore, 57 million legitimate shares are deducted from the two-day volume numbers.
So....
ASSUMED SHORT POSITION = 1,519,000,000 shares
I have omitted trading volume from May 25th through the 29, because I highly doubt AT would have rushed in to begin covering right away. IMO, that week only added to the depth of the short position as retail investors bought and sold with each other. Even though that's a reasonable assessment, I will throw those trades out, again erring in favor of the shorts.
So the "covering trades" count begins the day PAIV appeared on SHO (May 30) which certainly would have added pressure to begin covering.
When I add the total volume from May 30 until July 14, I come up with approximately 717 million total shares traded. I will further err in AT's favor by eliminating the retail investors entirely. Assume that EVERY share traded from from May 30 until July 14 was an Ameritrade covering trade. While we know that's not true, look what it tells us:
TOTAL POSSIBLE COVER TRADES TO DATE = 717,000,000 shares
Wow. That's less than HALF of the short position. When you consider that covering only 47% of the short shares caused PAIV to gain 920% (.005 - .051), it is a safe bet to say that covering the remaining shorts would bring us up another 1000% from Friday's close of .037. Therefore:
SHARE PRICE UPON FINAL COVER = $0.37 per share
If you take a more realistic position, and assume that only HALF of the trades since May 30 were cover trades, that gives us a figure of 358,000,000 shares covered to date. Personally, I bet AT has covered only 200 or so million thus far. However:
"MORE REALISTIC" COVER TRADES TO DATE = 358,000,000 shares
Now we're looking at only 23.5% of the position being covered as of July 14. Since PAIV gained 920% covering just a quarter of the shares, that means 75% more to go...for a total gain of 3,680%:
SHARE PRICE UPON COVER - "REALISTIC NUMBERS" = $1.06 per share
Again I stress these are not facts. But based on everything above, I do think we have a shot at passing $0.10 or even $0.18. Keep in mind AT will use every dirty trick in the book - shakeouts, new shorted shares, etc. Even assuming an average cover price of just $0.10 per share - that's over $150 million. I expect that AT will find a way to worm out of paying that kind of dough, either through dirty tricks, an extended timeframe, or both.
GLT all of us!
Posts: 165 | From: pennyland | Registered: May 2006
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I had JPHC, so just because the Gainskeeper shows an amazing value for PAIV now, I shouldn't get my hopes up since I don't actually have these shares. And by the time I get the shares, the price won't be anywhere near what it is today. Is this right?
Posts: 256 | Registered: Oct 2005
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quote:Originally posted by sportsguy: I had JPHC, so just because the Gainskeeper shows an amazing value for PAIV now, I shouldn't get my hopes up since I don't actually have these shares. And by the time I get the shares, the price won't be anywhere near what it is today. Is this right?
No you shouldn't get excited. We (restricted holders) are a long way off from being able to sell.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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Correct. I have over $500,000 of "restricted" shares. As we saw the day the restricted shares were improperly released on to the market, the price crashed over 90%. The reason is simply that if at 27million shares the price is worth $X, the price with 1billion shares is wort habout $.027X. That doesnt' take into account the fact that people will be willing to take anythign that they can get for them, so the price will likely fall even more than it really is "worth". I wrote mine off as a 100% loss, and anythign i get in a year will be great.
quote:Originally posted by sportsguy: I had JPHC, so just because the Gainskeeper shows an amazing value for PAIV now, I shouldn't get my hopes up since I don't actually have these shares. And by the time I get the shares, the price won't be anywhere near what it is today. Is this right?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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we may not get too excited...but hey, i guarentee we all will make money from our investment. I think even at a half cent I'd still make triple my investment. Im pretty happy to see it at this level. Whos to say it wont be at .10 when we can sell, whos to say it wont be higher? I cant imagine it going way way down. Most traders have bought and sold already in its run and the covering is still happening... I believe a base price has already been set on this and its over .05, so call me crazy or a dreamer, but I bet we sell the restricted shares for over .10 when we can.
Posts: 379 | From: Peoria, AZ. | Registered: Apr 2006
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Chad,it's basically just like a forward split, if there are 27million shares at 10 cents each, that's a $2.7million market cap. When the float increases to like 1billion shares the day the restriction is lifted, the market cap won't go up to $100million, the market cap would stay the same and the share price would drop to .0027. Even so, if you bought JPHC for less than 12 cents you would break even at worst. But I'd recommend against dreaming about what you'll do with .10 a share or more, it's not even worth getting excited about, in my opinion.
quote:Originally posted by Chad: we may not get too excited...but hey, i guarentee we all will make money from our investment. I think even at a half cent I'd still make triple my investment. Im pretty happy to see it at this level. Whos to say it wont be at .10 when we can sell, whos to say it wont be higher? I cant imagine it going way way down. Most traders have bought and sold already in its run and the covering is still happening... I believe a base price has already been set on this and its over .05, so call me crazy or a dreamer, but I bet we sell the restricted shares for over .10 when we can.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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ok PC. I'll just wait, no choice really. lol However, if we somehow sell our shares at over .05, ur buying the best steaks and drinks are on you too.
Posts: 379 | From: Peoria, AZ. | Registered: Apr 2006
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Chad, I also remain hopefully optimistic, with the thinking that this incredibly short position is mulitiplying the pps it will add value to the company and ultimately to the value of our shares when we recieve our non-restricted shares. I am a little concerned that when these shares are released back to the share holders that they may begin a sudden roll of profit taking driving the PPS down to a level below actual value. JPHC pps before the merger indicated our shares would be restricted was more than double what they finished at because of panic selling. To me that also says that this company has some value above our current restricted acquistion pps. IMO
For those trading PAIV either as flippers or LONGs, congrats what a great stock for you. Keep making lots of $$$.
Posts: 22 | From: Houston, TX | Registered: Feb 2006
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If I end up selling for more than .05 I will personally fly out to Arizona and buy whatever steak and drinks you want.
quote:Originally posted by Chad: ok PC. I'll just wait, no choice really. lol However, if we somehow sell our shares at over .05, ur buying the best steaks and drinks are on you too.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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