posted
Seems to have hit a base at .035...just hope we spring up. I still made a profit, so I can't complain.
-------------------- "Remember... no matter where you go, there you are." - Mad Max Beyond Thunderdome Posts: 261 | From: BFE | Registered: Jan 2005
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posted
so this is done now right? jeesh...my timimg couldn't be worse if it was intentional...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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-------------------- "Remember... no matter where you go, there you are." - Mad Max Beyond Thunderdome Posts: 261 | From: BFE | Registered: Jan 2005
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posted
PCola, I knew they had to cover all these trades. So I took a huge risk and it worked. and even though it went down do 0.004, I bought at average of 0.0008 so I'm still good.
Also, do you remember USXP and what happened to it. Well I learned a lesson from that
Posts: 1227 | Registered: Feb 2006
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posted
so why did this dry up all of the sudden this morning? no one really had anything to say about that?
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
RSI at 95 yesterday. Chart says a pullback is necessary.
Looks like it may bounce off the RSI 70 again, though.
Other possible reasons: - Rumors of news that have not yet surfaced - Friday (profit takers who don't want to hold over the weekend)
I'm sure there could be other reasons, but those are a few biggies. Personally, I think most folks need to see a pullback on the chart before continuing.
From what I know about charting: If it holds the 13 dma, then this is still a hold. Although, taking profits before waiting for chart confirmations is NEVER a bad thing. If not, look for the next ma point (20 or 22 dma) to hold.
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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posted
Well I just bailed. Took a small loss on the 100K I bought today, but I'm gonna wait to see how it plays out a bit more before jumping back in. Good luck to all of you.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
MM's playing thier game , maybe people selling off gives TDA some time to drive the price down to get some cheaper shares and get back some control over the massive gains on pps.
my SWAG (scientific wild ass guess) is that we may reach at or near previous close with steady gains next week. (always hope it goes higher!)
still holding for .10 or more
Posts: 230 | From: florida | Registered: Feb 2006
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There will be a slow steady decline in price as people begin to lose interest and sell to move on to the next big thing. Evetually there will be another wave where people think the short squeeze started again and the price will go up to levels far above the recent .05 high. I'm willing to wait a bit and will try to get back in closer to a penny in a few weeks. As a holder of restricted shares, I'm still hoping taht I am wrong and the price continues its upward ascent, but realistically I am thinking there's more downside coming before the next upswing.
quote:Originally posted by db: MM's playing thier game , maybe people selling off gives TDA some time to drive the price down to get some cheaper shares and get back some control over the massive gains on pps.
my SWAG (scientific wild ass guess) is that we may reach at or near previous close with steady gains next week. (always hope it goes higher!)
still holding for .10 or more
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
It would really be nice if the company came out with some news. Also, if they were to say on such and such date your restricted stock will be available for trading. I guess that's to much to ask though. Everyone have a great weekend.
Posts: 81 | From: TX | Registered: May 2006
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posted
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.
Posts: 88 | From: USA | Registered: Apr 2006
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posted
if we are holding our shares via cert form.. how would we go about selling them after 1 year?
Posts: 136 | From: NY | Registered: Apr 2006
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quote:Originally posted by PCola77: By the way, tonicma, I was just wondering if i had your story right.
You bought $35,000 worth at the lowest price this has ever been, watched it go up from .0008 to .013 for a 1600% gain but didn't sell any. Then watched it fall all the way back to .004 and still held strong. And now that it went up into the 4 cent range, you sold at the highest it's ever been?
You must be the best trader ever!
quote:Originally posted by tonicma: Its down because I sold some this morning at "market" value. To cover my initial investment and make some more money
Tonicma is a lier, he's always bragging about stocks buying stocks at the lowest level, even being able to buy stocks 1/100th of the current price.
Posts: 33 | Registered: Apr 2006
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quote:Originally posted by yolkarmy: if we are holding our shares via cert form.. how would we go about selling them after 1 year?
It's practically the same in reverse: You sell your shares, and send your certs to your broker. Who then transfers them to the new owner of your shares.
This is how trades used to occur. Remember all thoe TV shows where someone finds grandaddy's stock certificates in some company from 50 years ago and not their worth millions?
Well, that's ot too far from reality (Except for the millions part maybe). Those certs still exist on paper today for all stocks that trade on the open market or even restricted, preferred, etc. ALL stocks have this. And it is true that if you have certs in hand (instead of "held by your broker in electronic form"), they can't short them.
Why not? They have nothing to back them up with. I mean, if the company holds all the shares, they can loan them out, then request them back or wait until they are given back (the borrower sold them again). When a short happens and the brokerages have loaned them out, they must either cover their shorts, or ask for the loaned shares back. Think it's easy to ask for them back from hugantic firms like Meryll Lynch?? Try it with something small like the lawnmower you loaned your neighbor last year! Also, the business implications are huge: "We won't do business with ScotTrade anymore if they don't give us what we need"
If you hold actual stock certificates in your hand, well, there's no question about whether or not they are the "real" shares.
I remember the agreement with my broker. It distinctly stated that electronic shares vs. certificates mailed were an option. It also stated that there would be a fee for mailed certs, so I went with electronic. I can ask for actual paper certs any time, but that fee applies whenever I do ask for them. Suddenly $9.95 per trade seems to add up for the reasons why - electronic transactions only=no certs mailed.
So, if you pay the fee, that's cool and it will help in NSS YOUr shares (that's right, not everyone is going to have their shares mailed to them). Everyone would need to do the same in order to put the pressure on the brokers. That's nice, but not gonna happen in reality.
I owned PAIV after the change (and already sold) but am watching for further developments. Frida's pullback was small and indicates that there could be more in store here.
Ok, this novel is long enough!
HTH
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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quote:Originally posted by PCola77: By the way, tonicma, I was just wondering if i had your story right.
You bought $35,000 worth at the lowest price this has ever been, watched it go up from .0008 to .013 for a 1600% gain but didn't sell any. Then watched it fall all the way back to .004 and still held strong. And now that it went up into the 4 cent range, you sold at the highest it's ever been?
You must be the best trader ever!
quote:Originally posted by tonicma: Its down because I sold some this morning at "market" value. To cover my initial investment and make some more money
Tonicma is a lier, he's always bragging about stocks buying stocks at the lowest level, even being able to buy stocks 1/100th of the current price.
i don't think he/she is a liar , i have ridden tonicmas picks and made good cash Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
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By: dallas66tx 03 Jul 2006, 05:40 PM EDT Msg. 7194 of 8809 Jump to msg. # News about the certs.
I spent about an hour and a half with both the TA and ATD trying to get things clarified concerning the certs. To make this as simple as possible I will do a Q&A type post.
Q. Do they know who the owners of record are?
A. PER THE TA...(Sandra) She has FINALLY received a verified listing of shareholders of record for both JPHC and APOA shareholders.
Q. What is the date of record for the restricted shares?
A. May 11, 2006 is the date of record for the start of the restriction.
Q. When will my broker account reflect my new PAIV RESTRICTED shares?
A. Your broker account WILL NOT REFLECT RESTRICTED PAIV SHARES.
Per the TA, the merger agreement dictated that all restricted shares were to be mailed directly to the shareholder of record and not the shareholders broker. The TA is currently in the process of contacting each broker for the official mailing address of each shareholder of record. Once the TA receives your personal mailing address from your broker, AND the cert they hold for YOUR JPHC shares, they will mail YOU a cert for your RESTRICTED PAIV shares. Per the TA, she said she hopes to have all PAIV RESTRICTED certs mailed out by end of July....pending cooporation of the brokers in forwarding your JPHC certs and personal mailing address. She also indicated she was receiving some resistance from ATD on this....imagine that.
Q. What is the cost for receiving my cert from the TA and what is the cost when I choose to sell the shares?
A. There is no cost to you to RECEIVE your certs for RESTRICTED PAIV shares. However, since these shares are governed under SEC rule 144, in order to sell shares between year one and year two, you will need to fill out a form requesting the restriction be removed. You will also be charged the following amount by the TA.
Total cost of $61 per the TA $40 to remove the restriction $20 to produce/mail new cert $1 to cancel old cert
If this is done between year one and two, the restriction removal is good for 90 DAYS ONLY. YOU MUST SUBMIT AN EXTENSION REQUEST BEFORE THE END OF THE 90 DAYS OR PAY AN ADITIONAL $61 TO HAVE THE RESTRICTION REMOVED AGAIN. Keep in mind between year one and two there are still some restrictions on selling shares.
After year two...a one time fee of $61 per the TA.
You then must deal with your broker on how to handle selling your shares. They will require your cert, and you MAY incur an additional cost to have your cert put in street name. My understanding is that once YOU possess your cert, the requirement that the TA mail it to you has been satisfied, and you are free to do as you wish with your cert within SEC guidelines...if you choose to have your broker hold your shares in street name, then you can do that per their requirments/cost structure. Then I would assume your normal broker fees to sell would come in to play.
Q. What if I chose to wait 5 years to sell?
A. The TA requires a fee of $61 to remove the restriction legend and reissue a new cert. So no matter how long you choose to wait, it's gonna cost $61...or more by then...depending on if they raise their rates.
Q. What about the "restricted" PAIV shares that were sold as free trade shares through TDAmeritrade? How will those shares be accounted for?
A. You must contact TDAmeritrade or the SEC. The TA has no involvement or opinion concerning that investigation.
Q. I bought "free trade" PAIV shares on the open market the first day PAIV started trading, and I'm sure shares I purchased were "restricted" shares from the ATD fiasco. How do I verify those shares are real and not restricted?
A. As an individual that purchased "free trade" shares on the open market, you can request a securities certification certificate from your broker. Your broker is required by law to surrender in your name any securities certificates they may hold for you. You will be responsible for the cost of having your broker deliver the certificates to you. In the event they are unable to do so, or refuse to deliver your certificates, your recourse is through the legal system.
Q. Will ATD be required to buy back at "market price" all the restricted shares they allowed to be sold? How long do they have to remove these shares from the open market?
A. The TA has no comment or opinion concerning ATD's involvment with the sale of restricted securities. You must contact the SEC or ATD for information.
Posts: 88 | From: USA | Registered: Apr 2006
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posted
so according to the post on the other thread thats lock , yer saying them SOB's are gonna try to charge me $25 per certificate?
or did i miss somthing . i saw about the $61 fee to unrestric and such , but whats that $25 per cert yer talking about? , i will be on the phone mon morning
-------------------- PREPARE TO BE BOARDED Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
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posted
I called Scottrade this morning and demanded my Certificates be received within 10 days or complaints would be filed with the SEC. I explained that the transfer agent gave up a whole lot of information to enlighten us shareholders. After putting me on hold, Scottrade employee told me that our shares were loaned to Merrill Lynch. Merrill Lynch has yet to give shares back to Scottrade. A deadline has been set for this Friday to send name and address of all shareholders to the Transfer Agent (TA already has names and addresses...more B.S.). Around 7-10 days from that date, all PAIV Certificates would be mailed out to PAIV Shareholders!!!! I can't believe that this Scottrade Employee confirmed they loaned our shares to Merrill Lynch!!! I think I may still file a complaint with the SEC!!! Does anyone think that we have grounds for a lawsuit against Scottrade?
500 into 100K...You Gotta' Believe!!!
Posts: 231 | From: Ohio | Registered: Mar 2006
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posted
i called firstrade this morning too they gave me the song and dance too about DTC and all B friggin S . they also gave me friday as a deadly and supposedly they will be mailing cert by next week sometime , , so we will se , i for one am gonna be like a monkey on there back and pester the sh$t out of em
-------------------- PREPARE TO BE BOARDED Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
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quote:Originally posted by Repoman75: I hear people were calling me out... great pump and dump over the last few days. Good job to all of those who bought in the .005's.
But for those who hold old JPHC, I still think you'll be screwed 2 years from now.
yeah maybe for 1 year , but lesson learned , and ya never know they may merge with IBM then my shares will be worth $$$$ LOL
-------------------- PREPARE TO BE BOARDED Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
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Keep on their Back read my previous posts and keep in touch with T/A. To early for a lawsuit IMO but keep records I have a ton of information.
I called Scottrade this morning and demanded my Certificates be received within 10 days or complaints would be filed with the SEC. I explained that the transfer agent gave up a whole lot of information to enlighten us shareholders. After putting me on hold, Scottrade employee told me that our shares were loaned to Merrill Lynch. Merrill Lynch has yet to give shares back to Scottrade. A deadline has been set for this Friday to send name and address of all shareholders to the Transfer Agent (TA already has names and addresses...more B.S.). Around 7-10 days from that date, all PAIV Certificates would be mailed out to PAIV Shareholders!!!! I can't believe that this Scottrade Employee confirmed they loaned our shares to Merrill Lynch!!! I think I may still file a complaint with the SEC!!! Does anyone think that we have grounds for a lawsuit against Scottrade?
500 into 100K...You Gotta' Believe!!!
Posts: 88 | From: USA | Registered: Apr 2006
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In Scottrade Compliance who did you talk to. I spoke with T and he spoke to K who is the manager. K talked to T/A last Friday. Mr K hung the phone up on T/A because T/A told them to get the shares back from Merill Lynch.
Posts: 88 | From: USA | Registered: Apr 2006
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quote:Originally posted by PCola77: My guess is this:
There will be a slow steady decline in price as people begin to lose interest and sell to move on to the next big thing. Evetually there will be another wave where people think the short squeeze started again and the price will go up to levels far above the recent .05 high. I'm willing to wait a bit and will try to get back in closer to a penny in a few weeks. As a holder of restricted shares, I'm still hoping taht I am wrong and the price continues its upward ascent, but realistically I am thinking there's more downside coming before the next upswing.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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