posted
Hannibul, thx for info. However, I dotn think Ive ever seen a RS whr the share amount goes down and the PPS goes up the same amount so it balances out.
Normally, the shareholders gets screwed. I've been in a RS before and remember having way, way less cash value as I had before the split.
Posts: 379 | From: Peoria, AZ. | Registered: Apr 2006
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posted
As for ur summary on the way they are giving the shares, I think ur right, thats how it reads to me......if after split u have less then a 100 shares of new company, they'll make it a 100 shares even.
Posts: 379 | From: Peoria, AZ. | Registered: Apr 2006
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posted
MID, to me it would have to be coverted PAIV shares because in essence, thats already happened, even if we havent received our CERTS yet. so however many shares you have of the restricted PAIV shares is what is RS'd....though I'm still not 100% sure if the restricted shares are being RS'd. It may just be the unrestricted PAIV shares?
Posts: 379 | From: Peoria, AZ. | Registered: Apr 2006
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posted
is the restricted shares affected by this R/S? Probably.... Seems to benefit someone besides the shareholsters.LOL Back to the casinos!
Posts: 121 | From: The Lone Midwesterner | Registered: Jul 2006
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posted
to me, a RS sucks, never seen a good one. However, maybe Im wrong. hope if it does open at a much higher price and on another board, it does well. It btr open at a real high price, cause they just took a crapload of shares from me!!!!!!
then everyone that was in with JPHC shares will be rewarded for patience and all the bashing they took!
Posts: 379 | From: Peoria, AZ. | Registered: Apr 2006
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posted
to put it blunt. if this opens at less then $12 tomorrow...we all just automatically lose money in our account. which, we should expect, thats what happens with R/S. I wouldnt doubt we lose 25% of our value of today when it opens tomorrow. Im looking at a $8-10 open. (which would be like if it had opened at 4-5 cents). However, there shouldnt be a panic selloff or a profit selloff either, unless it opens at $6 or $18, which would be a 50% loss or 50% gain from today. things should be as it was pre-merger, except maybe now with higher price, we see new investors?
Posts: 379 | From: Peoria, AZ. | Registered: Apr 2006
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posted
I'll take that BLUNT! NNNN look to a brighter side of it!
Post from a diff board:
I don't think this 200/1 Reverse is anywhere close to a "spur-of-the-moment" decision by Paivis. I'm betting that they had this plan up their sleeve all along.
I also think the timing of this was also to coinside with the very, very soon to be released Quarterly earnings, which should be or could be any day between now and the middle of August. The timing is just too perfect for it not to have been planned this way.
I'm betting that the earnings is going to be very good and will initiate some mega interest in this stock for much bigger players than all of us here on RB put together.
Post split, announce good earnings, get the institutional interest, announce plan to move to a higher exchange and BOOM - off we go to the moon - Alice. I think we're in for the ride of our life with this one.
The reduction 1 for 200 that is also including the overall Authorized Shares in addition to the Outstanding/Float, and effecting both the Restriced and Non-Restricted shares we currently have and hold is nothing short of brillent. By including the Authorized they won't be re-issuing a billion here and a billion there to raise more capital, it will come by the market and the success of good earnings.
Posts: 121 | From: The Lone Midwesterner | Registered: Jul 2006
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posted
If I end up with 100 shares in my account tomorrow I don't really care what it opens up at Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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well KT, it seems that was a good bonus for new investors. As u'd need 200 shares of PAIV to get that 1 share of new stock, then ur $12 investment, may just make it a $1188 return.
however, that just seems way to good to be true, and would be a huge blunder by their company.
Im guessing they meant, if you end up with less then 100 shares of the new stock after RS, then they'll give u whatever remainder it takes to get you to a 100 shares. I could be wrong?
Posts: 379 | From: Peoria, AZ. | Registered: Apr 2006
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posted
then why all the 201 and 101 or whatever share trades. Many peeps bankin' on that !
Posts: 121 | From: The Lone Midwesterner | Registered: Jul 2006
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posted
You say that but I bought 99 shares of MDOR X .005 and paid the 7 dollar commission trade. I cashed out and made about 30 bucks X 3 accounts. Not bad I'd say at least.
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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quote:Originally posted by Chad: Im guessing they meant, if you end up with less then 100 shares of the new stock after RS, then they'll give u whatever remainder it takes to get you to a 100 shares. I could be wrong?
that's exactly what it is though, if people bought 400 shares today then tomorrow or whenever they'd have 2 shares of PAIV, which is "less than 100 shares of the new stock after RS" Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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posted
over 75 shares though. round to the nearest 100. Got to be simple math made THE AMERICAN WAY!
Posts: 121 | From: The Lone Midwesterner | Registered: Jul 2006
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posted
NOt sure MID, they all confused me, but I reread. and yes., It says that if anyone has less then 100 shares of PAVC post split, then they will round it up to 100 shares.
SO, according to the print....ya'll who bought 200 shares of PAIV have made a serious F'n return! hope so, congrats!
that would be one major blunder by company!! please post tomorrow if anyone did buy and did get that HUGE return.
Posts: 379 | From: Peoria, AZ. | Registered: Apr 2006
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posted
I wonder though, since this is written in a press release that they would round up to 100, suppose this was a mistake and the company only now realizes their blunder, do they HAVE to round up the shares because it said so in an official pr?
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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quote:Originally posted by Hannibull: I wonder though, since this is written in a press release that they would round up to 100, suppose this was a mistake and the company only now realizes their blunder, do they HAVE to round up the shares because it said so in an official pr?
quote:Originally posted by Hannibull: I wonder though, since this is written in a press release that they would round up to 100, suppose this was a mistake and the company only now realizes their blunder, do they HAVE to round up the shares because it said so in an official pr?
Companies have a tough time arguing against what's posted at OTCBB.com--that's "official" as it gets.
Realistically, though, the TA will do as the company instructs, and brokers will do as the TA instructs the DTC...
Here, 200 shares should work, 201 is the "safe play"; however, to avoid problems, the company may decide to honor "fractional shares" . . . doubtful...but possible.
Can they withdraw the whole thing? Have had brokers tell me that's possible; have never had SEC or NASD officials tell me that's possible.
quote:Originally posted by Hannibull: I wonder though, since this is written in a press release that they would round up to 100, suppose this was a mistake and the company only now realizes their blunder, do they HAVE to round up the shares because it said so in an official pr?
posted
Best thing to do is cross your fingers and toes.... It just seems to me Tex that more companies are doing these as of late; might be a "ploy" to help keep up the PPS prior to the R/S; although I have made some good bank playing these, lately the outcome is very unpredictable.
-------------------- ^..^ Posts: 3897 | From: New York | Registered: Jan 2004
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quote:Originally posted by *Mag*: Best thing to do is cross your fingers and toes.... It just seems to me Tex that more companies are doing these as of late; might be a "ploy" to help keep up the PPS prior to the R/S; although I have made some good bank playing these, lately the outcome is very unpredictable.
I heard that...lol
They *are* geek plays, after all. . . unpredictable is part of that, almost by definition.
As you say, though--seems the rescinded deal is increasingly more common. I *suspect* much has to do with the CEO's attitude. Some won't care if a few peeps make bank thusly, while others will be outraged: "How dare you make a play like this? *We'll* do the ripping-off around here, pal!"
Once again, simply points to the prevalent double-standard: Everybody but traders can make mistakes and get do-overs...
posted
on this thing bout the rounding up to 100 shares , if you read back u will see that i personaly talk to feller at loyola which is paiv's investment relations firm, and he did confirm everything here , i bought 201 shares in 2 differant accounts , and i will end up with 1 share in each account that will then be rounded up to 100 shares , don't know how much return i'll get out at yet but it's bound to be in the 1000%'s , easy money Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
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posted
I think so, B-beard...your biggest hurdle will be the individual brokers...if everything goes as it should, say, via electronic crediting, you may be able to trade tomorrow. Equally likely, one or both brokers will not understand "the deal," and you will either wait for TA to get things straightened out, or you may even have to "fight" for your shares...
for the record, you did exactly as I was trying to do, but I caught on about five minutes too late...
posted
Like I says to your statement Chad...(Re-iterated)
that would be one major blunder by company!! please post tomorrow if anyone did buy and did get that HUGE(((SICK))) return. Sounds much better!LOL. Good Night.
Posts: 121 | From: The Lone Midwesterner | Registered: Jul 2006
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posted
yeah tex, lose 30 bucks , or win 2000 - 3000 , and i have had to deal with the brokers as for the symbol change but i have not had to much prob tradeing the next day, but the way i see it is one broker waits they all wait so everybody should be tradeing relitivly the same time.
-------------------- PREPARE TO BE BOARDED Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
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posted
naa i use choicetrade mainly but have firstrade , for backup and free realtime L2's
Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
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posted
Can someone explain to me how many of you managed to buy 201 shares for this R/S deal when the PR came out at 5:23PM (after market close). How did you know the R/S was going to happen? I'm looking at all of PAIV's PR's and the one today was the first one that mentions the R/S. TIA
Posts: 54 | From: Canada | Registered: May 2006
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quote:Originally posted by atomictraders: Can someone explain to me how many of you managed to buy 201 shares for this R/S deal when the PR came out at 5:23PM (after market close). How did you know the R/S was going to happen? I'm looking at all of PAIV's PR's and the one today was the first one that mentions the R/S. TIA
posted
what time does that otcbb link get updated, in other words, what's a good time to check that link, i'm assuming it's updated before market close, correct?
Posts: 54 | From: Canada | Registered: May 2006
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