posted
Here's the last reply that received from Scottrade; Dear Investor:
Thank you for your email. The DTC transferred your shares to the Transfer Agent for JPHC. According to instructions from the company to the Transfer Agent, the new shares are to be mailed directly to the clients. We have contacted the Transfer Agent and asked when our clients should expect to see their new certificates mailed to them. The Transfer Agent has not responded to our request.
Please let us know if you have any further questions.
posted
ATD would not let me purchase any today either online or over the phone. They said I could only sell through them. No real explanation.
Posts: 81 | From: TX | Registered: May 2006
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posted
these f-ers are letting it drop to the equivalent price before they are like ohhh ok here you go sorry about that
Posts: 317 | From: Iraq | Registered: May 2006
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posted
Settle down guys. Brokerage firms put a sell only restriction. That is good because since you still don't have your shares... NO ONE CAN SELL AHEAD OF YOU ! LMAO
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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posted
I sold through choicetrade after receiving my post split shares. I had unrestricted and have never held "restricted" shares of JPHC, PAIV, or PAVC.
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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posted
I talked to Etrade. They tried to act like they never heard of this stock before. Believe that and you'll believe anything. Talked to Jack, the transfer agent, and he told me everyone is afraid to say they know anything about the certificates. He did tell me his etrade stack to process is 4" thick, not to mention another 200 brokers that have submitted for shares. He said he was going to try to have them done by labor day. That was a week and a half ago i talked to him. I told him I would wait till two weeks after labor day to see them show up or I would make a follow up call with him and etrade. Nonetheless, still cant touch those shares till next May.
Posts: 87 | From: Louisville, KY | Registered: Oct 2005
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posted
So are yah sayin' What's one first? Who's on second? and, where is third base???
Posts: 121 | From: The Lone Midwesterner | Registered: Jul 2006
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posted
so, do we get the rounded up shares or not? I thought the 8K was pretty clear on that :/
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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posted
I think we will get them......eventually. You just reminded me that I need to call TDAmeritrade again. Maybe if everyone calls everyday, it'll move along faster.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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Thank you for your email. The entries for the 1-200 reverse split will be processed tomorrow. All clients have had their old shares of Paivis 695793-20-8 PAIV exchanged into the new shares 695793-20-8 PAVC at a rate of 1 for 200. The terms of the reverse are that all client will receive a minimum of 100 shares. However, the company and the agent have not provided DTC with instructions on how to request the additional shares. We are monitoring the DTC notices so we can submit the request for additional shares as soon as possible. Until we get the additional shares your position will only reflect the 1-for-200 reverse split. Your should not sell the additional shares until they have been booked to the account.
We have calls into the agent in hopes getting information on the round up shares for the reverse split as well as information regarding the reverse and the exchange shares of restricted from the Jupiter merger.
As more information becomes available we will pass it on to you.
Please let us know if you have any further questions.
Sincerely,
Steve B. Scottrade Inc. National Service Center
Posts: 317 | From: Iraq | Registered: May 2006
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posted
So finally I got my PAVC shares in my scottrade account. After the reverse split, i received 45 measly shares (over 91%loss). Didn't they said we will get minimum 100 shares (not that it makes much difference in my loss).. or is there a loophole in it too?
Posts: 93 | From: Dallas | Registered: May 2006
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posted
Thanks ArmySgt. Doesn't sound like they are in too much of a hurry to get the shares.
I actually have a chance to break even, if I were to have my 100 shares on hand and could sell them at today's PPS. But since it seems it keeps going down and who knows when the shares will come, I probably won't get that chance.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
I just called up Scottrade today...and they said they still have no clue on how long it will be before I get my shares. They told me to call their transfer agent, but wouldn't give me the agent's phone number because I'm not an institution! What service! I hope a big wig at JD Power and Associates is in this stock with a Scottrade account!!! That would rock!!!
-------------------- I'm a dark horse, running on a dark race course. Posts: 73 | From: St. Louis, MO | Registered: Mar 2006
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BTW, I opened up a Choicetrade account after this fiasco and will be gradually moving over there for all my penny trades. Choicetrade customers had no trouble receiving their rounded up shares and have since sold them for big profits.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
JBravo how did you get your shares into the Scottrade acc , Mine still have not been added and when I talk to them the transfer agent will be sending me my certificates by mail.. Also arent the shares we get restricted until sometime next year anyway so we cant trade them or put them into our accounts until the restriction is lifted anyway?
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
and we're down 86% since the R/S, and those who did the rounded-up-shares geek play still don't have their rounded up shares. It also looks like they can forget about uplisting to the Nasdaq now...
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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posted
This is a bloodbath. When people finally get their 99 "free" shares from the round up, they'll all dump and the price will come down even further.
Yippee... Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Yep, but WHEN will those 99 shares come? I did not do the "geek" play". I was one of the "lucky" ones who had less than 100 shares after the split because I had only purchased 1500.
Now, I will be at a loss even WITH the free shares. Sigh.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
It may be oversold technically, but with a bunch of people still itching to dump as soon as they get their "free" shares, this still has too much downside risk.
Has anyone gotten their rounded up shares yet?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Me too. All the while, their worth dwindles rapidly. My restiricted shares that were once worth close to a million dolalrs are now worth under $20,000 and falling.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Has anyone gotten their rounded up shares yet? -------------------------------------------------------------------------------- Posts: 837 | From: West Chester, PA | Registered: Jan 2006 | IP: Logged |
yup sold fer a 5000% gain however my resticted are STILL in limbo
-------------------- PREPARE TO BE BOARDED Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
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posted
What broker Blackbeard. Seemed like Choucetrade was the only one that they've gone through, as far as I recall seeing.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
yep choicetrade is the key , from what i see on the boards when a play like this comes along , all the bigger more popular brokers , screw it up , and investors can't get answers and such , i am on my 3rd broker ,choicetrade, and love 'em
-------------------- PREPARE TO BE BOARDED Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
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posted
Pcola!!!!! Looking for an update here buddy... are your shares up or down now? Do you wish you could have sold back when the AMTD fiasco happened?
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
I'm still up on paper, but am about 99% sure that when I can actually sell in like 9 months it'll be at a significant loss. Although like I've said from the beginning, I've mentally written it all off as a lesson learned, so anything I get will be a positive. I made enough on the short squeeze to cover most of what I "lost" on the restricted shares, so I'm okay with everything.
Plus I've been finding some really good low float stocks lately. My last 3 "picks" have gone up like 50-100% in just a few hours. Although as usual, I f*** them all up and sell too late and barely make any money, but at least I'm picking them well Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Nice job. I found another really nice low floater, but I'm gonna watch it another couple of days first. The price keeps falling, so it could be dilution. I'm going to try to get it figured out. If it's not dilution I'll be going into it big time.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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