Looks like they got sick of their old transfer agent screwing everything up.
Hopefully this means I'll get my restricted shares of PAVC from when I had JPHC at some point before hell freezes over.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Hey, I just noticed these 2 items in my trading history and now my accounts show zero shares? Any thoughts? I have a message in to my broker (Fidelity) for more info.
01/30/2007 TENDERED TEX PAYOUT 6957939P6 6957939X9 PAIVIS CORP COM (OK TO RELEASE NAME) FR Cash Shares: -XX
01/26/2007 TENDERED TEX PAYOUT 48205X109 48205X992 JUPITER GLOBAL HLDGS CORP (CONSENT TO R Cash Shares: -X,XXX,XXX
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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Thought the members would like to read an explanation I received from my Fidelity agent:
Due to the merger between Jupiter Global Holdings and Pavis Corporation, on January 26, 2007 Fidelity removed the shares of Jupiter Global Holdings from your accounts. These shares were turned in to the transfer agent for Pavis Corporation. The terms of the merger of Jupiter Global Holdings and Pavis Corporation will give shareholders 0.462320850 shares of Pavis for each share of Jupiter Global.
The shares will be restricted shares and certificates will be mailed directly to you rather than to Fidelity for deposit to your accounts. As of January 30, 2007 it is unclear if the certificates will be eligible to deposit to your Fidelity accounts. If you have additional questions about this merger you may call the transfer agent at 313-783-9055, or Mr. Glenn Liddell with Pavis Corporation at 800-963-6471.
Rule 144 is a Securities and Exchange Commission (SEC) that sets the conditions under which restricted, unregistered and control securities can be sold. These are the five conditions that must be met for these securities to be sold:
1. The prescribed holding period must be met. 2. There is an 'adequate' amount of current information available to the public regarding the historical performance of the security. 3. The amount to be sold is less than 1% of the shares outstanding and accounts for less than 1% of the average of the previous four weeks' trading volume. 4. All of the normal trading conditions that apply to any trade have been met. 5. If wishing to sell more than 500 shares or an amount worth more than $10,000, the seller must file a form with the SEC before the sale.
If you have any other questions or comments, please send us another message at any time. We know you have a choice when it comes to investment companies, and we appreciate that you have selected Fidelity.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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posted
OK, so I found out Fidelity no longer holds my shares for me except for the very few I bought after the merger, etc. So today I'm showing 77% gain! So who's got my shares and how can I sell them at $1.35. Guess I've got to make some phone calls.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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posted
I guess we won't see those 99 round up shares huh, not that it's worth anything now anyway lol
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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posted
I got the round up shares but they weren't released to Fidelity they went back to PAVC for certs? Rip off...
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
I haven't received anything yet. I wasn't in real heavy, but buy my numbers, I should have a couple of hundred shares. Who do I call to check on it? I can't seem to get through to a transfer agent and they don't return calls.
Posts: 2 | From: Michigan | Registered: Sep 2006
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posted
Heres the last reply I got from scottrade: Dear Client:
Thank you for your email. December 2006 The transfer agent for Paivis Corp. changed. Due to this change, the exchange of shares, and delivery to shareholders are delayed. Please refer to the news link below for further details. Scottrade has turned the shares over to the correct transfer agent, but do to the change their may be some confusion on there end. We apologize for the inconvenience.
posted
Jesus, I hate when e-mails from supposedly well-respected companies have stuff like this:
"do to the change their may be some confusion on there end"
How about "DUE to the change, THERE may be some confusion on THEIR end."
No one cares about not looking like a retard anymore. It's one thing to have typos and misspellings on a message board, or an informal e-mail, but that is a professional correspondence, have some class.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
"do to the change their may be some confusion on there end"
That's more than just typos and misspellings, that's a learning disability in action. That person needs serious help.
Posts: 37 | Registered: Jan 2005
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posted
after a year i received a note from my bank that i will receive by MAIL my certificates of PAIVIS (final term 04-25)
They are restricted so i give up (even virtually are $4600 i don't know what i can do with them!!!)
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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posted
Wow, that's a start at least. I moved since last May, I bet mine are delayed even more since I have a different address now...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Just saw my shares are showing in my gainskeeper heading in scottrade but not on regular ticker and the 500k share that I had are new at 1150 shares after split... and at 1.00 per share BUT still can trade and dont have certs.. But they are there ,,,,,,somewhere..
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
LOL imagine if i have also to pay the mailing cost to Switzerland
quote:Originally posted by PCola77: Wow, that's a start at least. I moved since last May, I bet mine are delayed even more since I have a different address now...
posted
just got my round up shares through TDA, hooray $86 lol they don't show up in my other accounts though (overseas accounts) anyone else?
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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posted
Has anyone received their stock certificate for PAVC shares from the JPHC merger?
Scottrade supposedly sent my JPHC stock certificate to the T/A last August and they said that the T/A will send the converted share PAVC stock cert to my home address.
As of today this has not happened.
Although, my Gainskeeper is showing the converted JPHC shares to PAVC shares, but does not show PAVC shares in my "Positions" Does this mean the T/A sent my PAVC share cert to Scottrade?
WTF?
This is confusing as hell.
Posts: 2554 | Registered: Nov 2005
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posted
Im in the same boat as you and according to scottrade until you recieve the certs and turn them in to scottrade (with a $50 filling fee) they are still with TA and in cert form...And still have not heard from T/A
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
No havent got them, but emails and calls to-from scottrade are the confirmation I have
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
Seems lot of people got their rounded shares. All 100 sh sold...Is it a good sign? I still not got mine and still no additional NR. grrrrrrrrrrrr
Posts: 477 | Registered: Oct 2004
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