posted
Blackbeard , ive had 10,000 shares i bought at 0.0830 , so $830 , so thats 100 shares , if it opens at $12 good , if it opens at 9 good for me , opens at 8 netural
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quote:Originally posted by banah18: Blackbeard , ive had 10,000 shares i bought at 0.0830 , so $830 , so thats 100 shares , if it opens at $12 good , if it opens at 9 good for me , opens at 8 netural
i see i thought u bought 10k this afternoon
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quote:Originally posted by banah18: Blackbeard , ive had 10,000 shares i bought at 0.0830 , so $830 , so thats 100 shares , if it opens at $12 good , if it opens at 9 good for me , opens at 8 netural
you sould've sold 9799 shares at 0.06 that would give you 587,94 USD and you would still have 201 shares left. Now these 201 shares will be converted to 1,005 shares BUT that would be rounded up to 100 shares ...
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First when you do a Reverse there is a new series of stock issued that is where the name change comes in.
PAVC is going to be good for all of us beleive me on this. I have been here for almost a year now. Plus here is what is figured into this new Symbol PAVC A/S 125 Million O/S 25 Million Which means the float will be around Float 125 thousand And it happens tommorow. If we close at .06 we are at $12.00 S/P. We move to a better exchange which will take some time.
What do you think the brokerage industry is thinking? To Bad for them they deserve what they get.
Now for the restricted Certs that are sent to us by the T/A everything stays the same. When you bring your restricted PAIV Cert to be certified the CUSIP# will show up due to the reverse Split and automatically decrease your total share amout. If you have 1 million shares it will be 50, 000 shares.
IMO when the restriction is off under rule 144 with the percent you can sell according to the 144 Rule with the reverse that just happen all of the former restricted shares will be bought up in the open market. So the two year limit will be a moot point at that time IMO.
Paivis, Corp. ("PAIVIS" or the "Company") (OTCBB: PAIV) today announces and effective Friday, August 4, 2006, Paivis will have a new ticker symbol, (OTCBB: PAVC) and the consolidation ratio for the Company's planned reverse split will be 200 to 1, also with an effective date of August 4, 2006.
As part of the consolidation, on a 200 to 1 basis, the authorized common stock of the Company has changed from 25,000,000,000 shares to 125,000,000 shares.
There will be no fractional shares issued under the consolidation; therefore all fractional shares will be rounded up the next whole share. Also, any shareholder holding less than 100 shares post split shall be rounded up to 100 shares.
For additional information please contact the Company or its transfer agent Executive Registrar & Transfer, Inc. 3615 South Huron Street, Suite 104 Englewood, CO 80110 Ph. 303-783-9055
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quote:Originally posted by same: Great News New Symbol
First when you do a Reverse there is a new series of stock issued that is where the name change comes in.
PAVC is going to be good for all of us beleive me on this. I have been here for almost a year now. Plus here is what is figured into this new Symbol PAVC A/S 125 Million O/S 25 Million Which means the float will be around Float 125 thousand And it happens tommorow. If we close at .06 we are at $12.00 S/P. We move to a better exchange which will take some time.
What do you think the brokerage industry is thinking? To Bad for them they deserve what they get.
Now for the restricted Certs that are sent to us by the T/A everything stays the same. When you bring your restricted PAIV Cert to be certified the CUSIP# will show up due to the reverse Split and automatically decrease your total share amout. If you have 1 million shares it will be 50, 000 shares.
IMO when the restriction is off under rule 144 with the percent you can sell according to the 144 Rule with the reverse that just happen all of the former restricted shares will be bought up in the open market. So the two year limit will be a moot point at that time IMO.
take it for what it's worth but, imho, reverse splits are NEVER a good thing in pinkie land... EVER. i've been through 'em and i'm sure plenty others on this board have too. if this does hit $12 as you suggest, i'll put the farm on shorting it. most likely even with the new PPS established (whatever it's gonna be), the B/A will be so far outta whack you won't be able to sell anything you have for more than half of what it was worth today. and regarding the B/A whackness, they'll most likely set the bid just below $4 so that people can't short it, while the ask will be near $10. give me an example of even ONE pink that reversed split (to increase shareholder value, of course) and ever came out of it alive and holding pps value equal and/or above what it was prior to the split? if you got it, i'd really like to know so i can do TA/DD on it and find out why it succeeded while all others failed. the only reverse split i can think of in the last year or two that did something positive for the company was PALM and they're WAY outta pinkie land. here's the way they do it: symbol change, reverse split, dilution, PR, dilution, PR, PR, dilution, more dilution, PR, sell into buying sprees, pay off some debt, dilution.... and over and over and over. get out quick with whatever you have left on the bid before it goes down furher than it's gonna open tomorrow (cuz it will). all opinion above based on my own experiences. only speculating that this will be the case and if i'm wrong, then i'll be happy for you all that you got out alive. glty ALL,
posted
can someone please tell me where it says its coming out at a new price of $12, or any new hihg price for that matter, like I've seen others post.
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quote:Originally posted by Chad: can someone please tell me where it says its coming out at a new price of $12, or any new hihg price for that matter, like I've seen others post.
Todays closing price x 200 = roughly $12, I forget what todays exact closing price was.
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posted
ok so I too bought 201 shares lol, I thought I'd give it a try, kinda like a lottery ticket
now, suppose you use TD Ameritrade and you went through the JPHC merger and you bought 201 shares today, would those 201 shares become 100 shares post merger (201/200 = <100 => rounded up to 100) or will it be 1 share since you already have restricted shares? I'm asking because my 201 share buy this evening is showing as a separate PAIV position, I "kind of" have another PAIV position with restricted paiv shares from JPHC but it's not at all showing in my account, I only see JPHCs without any value next to it I'm sure there's people here who are in the same situation
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posted
The reverse split will KILL Paiv.... I cant believe the Co. would be stupid enough to do that..... You watch...... The time the split takes place...... the stock begins to fall and may not ever recover..... So it will not move to a better exchange....... If people r having trouble Payin less that .10 they will not even pay $12 per share...... Pretty Stupid IMO
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posted
guess im just dumb, cause all i read is for every 200 shares u had, now u have 1. that, as most RS's, seems very bad! dont see how u take 200 times the close today to figure out a new price of stock?
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quote:Originally posted by Chad: guess im just dumb, cause all i read is for every 200 shares u had, now u have 1. that, as most RS's, seems very bad! dont see how u take 200 times the close today to figure out a new price of stock?
that's how a RS works, the amount of shares goes down 200 times, and the PPS goes up 200 times
However if you have less than 100 shares in your account after the merger they will round it up to 100, so if you have 99 or 76 or 50 or 1 share, you will see 100 shares in your account. This is how most people here including me understood it
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posted
supposedly your reduced amount of shares still has the same value because the PPS has gone up in the same way, but that's never really the case as we all know
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