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Author Topic: JPHC/PAIV/PAVC Info
atleast
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quote:
Originally posted by Gary59:
I tried again and it went through I spoke to Diane as well and since I am with Scottrade they sent those shares direct to Scottrade last week so now it is up to Scottrade to put the shares back into my acc.
I also asked Diane ifthe shares will be restricted and if so how much longer her reply was it will all be up to Scottrade as to how and when they release my shares to me.
And she said something that they will be under a rule #144 regulation about how they will be traded,
Now I need to call Scottrade and find out what rule #144 is as well..
Well its getting a little more like we might see some shares come back...

some info:
*****************
The Federal Securities Act of 1933 generally requires that stock and other securities must be registered with the Securities and Exchange Commission (the "S.E.C.") prior to their offer or sale. Registering securities with the S.E.C. can be expensive and time-consuming. This article offers a brief introduction to SEC Rule 144, which allows for the sale of restricted securities in limited quantities without requiring the securities to be registered.

First it's probably appropriate to explain the basics of restricted securities. Restricted securities are generally those which are first issued in a private placement exempt from registration and which bear a restrictive legend. The legend commonly states that the securities are not registered and cannot be offered or sold unless they are registered with the S.E.C. or exempt from registration. The restrictive legend serves to ensure that the initial, unregistered sale is not part of a scheme to avoid registration while achieving Advertisement

some broader distribution than the initial sale. Normally, if securities are registered when they are first issued, then they do not bear any restrictive legend and are not deemed restricted securities.

Rule 144 generally applies to corporate insiders and buyers of private placement securities that were not sold under SEC registration statement requirements. Corporate insiders are officers, directors, or anyone else owning more than 10% of the outstanding company securities. Stock either acquired through compensation arrangements or open market purchases is considered restricted for as long as the insider is affiliated with the company. For example, if a corporate officer purchases shares in his or her employer on the open market, then the officer must comply with Rule 144 when those shares are sold, even though the shares when purchased were not considered restricted. If, however, the buyer of restricted securities has no management or major ownership interests in the company, the restricted status of the securities expires over a period of time.

Under Rule 144, restricted securities may be sold to the public without full registration (the restriction lapses upon transfer of ownership) if the following conditions are met.


The securities have been owned and fully paid for at least one year (there are special exceptions that we'll skip here).
Current financial information must be made available to the buyer. Companies that file 10K and 10Q reports with the SEC satisfy this requirement.
The seller must file Form 144, "Notice of Proposed Sale of Securities," with the SEC no later than the first day of the sale. The filing is effective for 90 days. If the seller wishes to extend the selling period or sell additional securities, a new form 144 is required.
The sale of the securities may not be advertised and no additional commissions can be paid.
If the securities were owned for between one and two years, the volume of securities sold is limited to the greater of 1% of all outstanding shares, or the average weekly trading volume for the proceeding four weeks. If the shares have been owned for two years or more, no volume restrictions apply to non-insiders. Insiders are always subject to volume restrictions.

The most recent rule change of Feb 1997 reduced the holding periods by one year. For all the details, visit the SEC's page on this rule:
http://www.sec.gov/rules/final/33-7390.txt

Julie O'Neill offers some insights about the SEC's Rule 144:
http://www.feinberglawgroup.com/rule144.html

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atleast
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quote:
Originally posted by Gary59:
I emailed back to them about them holding the certs instede of sending them back to me, I told them it does not make sense to me for them to mail them to me so I can mail them back for them to put them into my account,,That friggin stupid..
And I asked how long the certs will be restricted if they have to send them to me but according to when this whole thing took place it would only be 1 year and has already been 1 year so the restriction should be lifted by now /.;.
SO keep the certs in my account and let me sell them , holy snott there batman...

got same reply from Canadian broker:
- They will send certs to me;
- I have to contact TA and ask to remove the restrictions;
- Thereafter send back "unrestricted" to broker

triple stupid but what could you do...

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Gary59
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Chad call Diane at the TA at (303) 282-4800 and she will be able to look it up and tell you how many shares where sent to your broker...
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Gary59
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here is my latest response about them holding certs instede of just putting them in my account:

Thank you for your email. We know that this process may seem long and
drawn out and to be truthful it is an unusual reorganization process for
us. However, due to the fact that the shares will be in "certificate"
form, they will need to be signed back over to us to deposit into your
account. This certifies that you actually give us the authority to hold
the stocks at Scottrade.

We apologize for the inconvenience, but there is no other way to process
this particular issue.


Sincerely,

Sonya L
www.scottrade.com

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Hannibull
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I just received my former JPHC shares in my TDA account, as well as my round up shares in other accounts, too bad they're not worth much right now. I can't sell any though (the JPHC shares I mean), is that normal?
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wildweb
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what I got from etrade:

Thank you for your email regarding the shares of JPHC/PAIV to be deposited into your brokerage account. I apologize for any confusion this may have caused. Please be advised that I have contacted the transfer office and they confirmed that the shares (most likely a certificate) on Tuesday, 5/29/07. These shares will most likely be delivered within 5-7 business days and will be posted to your account within 3-5 business days of our receipt of the shares (as our Legal department must review the certificate for authenticity before posting). Please allow 10-15 business days for the shares to be processed and deposited into your account.

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no_patience
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Hello,

A little slow here too but I see shares of PAVC in my TDA account. These were long over due. Well, was it not true that Ameritrade screwed up big time last year? (Short or what ever?)

I think I am hesitent to ask TDA about these. I should not touch it in fear that they may disappear again for another year?

They are likely not registered from what I guess and they would not likely let me sell them . . .

Anyone else ?

--------------------
Pay attention.... Focus

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no_patience
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Wait, look closer. oh boy.

Guess I have to go back to my speradsheets and do math on the large # of shares I had.

TDA gainskeeper shows X shares. My active TDA account shows 1/2 X shares. Why can it not be easy?

--------------------
Pay attention.... Focus

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T e x
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I got 100 shares last week that just showed up, as far as I was concerned...lol, I don't remember ever buying into any of those plays...

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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CMoney
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My shares are here. In my Scottrade account it shows up as 2 positions, the one for 5 shares which Ive had all along, and another for 95 shares that showed up yesterday. Its about durn time. Now if the share price was only at what it was when I was promised the 95 shares, then we'd have something to talk about.

C$

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casper
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Recived my PAVC cert. in the mail today from Scottrade.
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Stock, Ham, and Mayo Sandwich
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Me too....it's snowing in haitis.
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T e x
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anybody else heard it costs 300 bucks to get 144s unrestricted?

http://www.investorshub.com/boards/read_msg.asp?message_id=20680051

by the way, common trading shares looking pretty good...building nicely

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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PCola77
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I saw that post Tex. Can't sday I'm surprised. This has been beyond a clusterf*ck since day 1.

I didn't get my cert yet from Scottrade, hopefully it comes Monday. Since I moved last August, I'd bet it went to my old address, even though I checked like 6 times to make sure Scottrade hd the right new address. Or since I'm in a new development, they'll say they can't find my house since it's not on google maps, etc.

What a pain in the ass...

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T e x
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I got snail-mail from Scottie re CHDT, cuz my e-mail they had has been changed...I guess the question is ... have other Scottie folk gotten theirs?

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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JW
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Got my PAVC from Scottie today.. [Roll Eyes] [Eek!] [Confused]

--------------------
"Keep your stick on the ice, we're all in this togeather!"

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T e x
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in Alaska?

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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JW
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Yep, Anchorage

--------------------
"Keep your stick on the ice, we're all in this togeather!"

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T e x
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seems like somebody in Pennsylvania could've gotten their mail, too, by now

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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jipper
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hey guy's, I owned 500,000 shares of jphc, after all the splits, does anyone know how many shares I have coming to me ??

TIA

--------------------
All my posts are purely speculation, unless otherwise noted.

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Got mine yesterday from Scotty.

--------------------
Growing old is mandatory!.........
Growing up is optional!

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Hannibull
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quote:
Originally posted by jipper:
hey guy's, I owned 500,000 shares of jphc, after all the splits, does anyone know how many shares I have coming to me ??

TIA

I think 1155
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Chad
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i got mine yesterday in mail too from Scotty! woohoo! been long enough.

Thought I heard Scottrade wouldnt take the certs though, any confirmation on that?

I'll be stopping by the office on Tuesday to see. I've never done this before, so do I just sign over the cert to them to put in my account or what?

also, do we have to wait till next May i thk to sell them or did I read we could pay $300 to get them unrestricted?

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PAVC Updates Shareholders
Jun 24, 2007 11:37:00 PM
ATLANTA, GA -- (MARKETWIRE) -- 06/24/07 -- Paivis Corp. ("PAIVIS" or the "Company") (OTCBB: PAVC) management today announces that it has sent a Cease and Desist letter to end the trading of PAVC on the Berlin-Bremen Stock Exchange. The Company subsequently has been in contact with the listings department of the Berlin-Bremen Stock Exchange.

Mr. Greg Bauer, Paivis Corp. CEO, stated: "We have been made aware of who listed the Company without its authorization, and we have been rapidly taking steps to ensure this trading on Berlin-Bremen Stock Exchange ceases."

Listing of shares on the Berlin-Bremen Stock Exchange has in the past been associated with naked short selling of shares in the United States. The Berlin listing possibly creates a "sham" arbitrage between the two markets that apparently may generate a "loophole" in the Reg. SHO naked short selling regulation that governs short selling in the U.S. securities markets.

The Company also wishes to inform its shareholders that it is continuing to investigate why certain online brokerage firms are not allowing customers to purchase Paivis' common stock. To date, through inquiries with representatives of some online brokerage companies, the Company has not received a reasonable explanation for why only selling of PAVC is permitted.

Paivis has previously announced that management felt there may be "discrepancies and imbalances in the Company's share structure." Due to that belief, the Company is implementing a comprehensive plan, including the actions being taking regarding the Berlin-Bremin Stock Exchange, to investigate and combat 1) any imbalances from "failures to deliver" that may exist and 2) naked short selling it feels it is a likely victim of.

In closing, Mr. Greg Bauer, Paivis Corp. CEO, commented: "The Company has had an abnormal trading history since over a year ago, and we have been trying to understand the causes and prevent future abnormalities. We will continue to take action to protect our shareholders from any irregularities in our trading market and potential illegal naked shorting of its security. As more information comes available we will update our shareholders and prospective investors."

About Paivis Corporation

Paivis Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7 Eleven, and Chevron.

FORWARD-LOOKING STATEMENTS

The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.

Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.

Contact:
Paivis Corp.
Greg Bauer
Chief Executive Officer
Phone: 404-601-2885
www.paivis.com

--------------------
The difference between genius and stupidity is that genius has its limits

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Gary59
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I FINALLY recieved my certs in the mail last week ,,
WHn I checked last week they where not sure if they where going to take the certificates (Scottrade)They would check when I got them and call them back , I have not called them yet , it looks like the certs will be restricted , but when I asked them last time they told me there was a $65.00 fee for adding the certs to my account .
They take the certs to thier name then tranfer to my account,
I have not heard $300.00 but $65.00 is bad enough.
Also jipper I had 500k as well my certs are for 1155 as posted by Hannibull..
I am going to call later this week and check to see if they will accept my certs or if I have to wait until un-restricted..
I will post what I have to do ..
Gary

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PCola77
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LOL. Wife just called me to say I got my certs today. SHOCKINGLY, they went to my old address and were forwarded on to the new house. Guess I should have called more than 10 times to check that they had my new address...
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PCola77
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Haha, just got off the phone with one broker who asked me for some info. I gave him the symbol and he stopped for a second and said "Wait, the high was $70.00 and it's now trading at 40 cents?!?!?!?"

I was like, "Well, there's a kinda long story behind it, but yeah, that's pretty much right."

He paused again and was like "Wow."

I said "Yeah, at one point my account was worth over a million on paper."

He was like "Oh my god, but you couldn't sell because it was restricted? That's awful!"

It was funny.

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NomarKash
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quote:
Originally posted by Chad:
i got mine yesterday in mail too from Scotty! woohoo! been long enough.

Thought I heard Scottrade wouldnt take the certs though, any confirmation on that?

I'll be stopping by the office on Tuesday to see. I've never done this before, so do I just sign over the cert to them to put in my account or what?

also, do we have to wait till next May i thk to sell them or did I read we could pay $300 to get them unrestricted?

Chad what did you find out??
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PCola77
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Here's what I found:

Scottrade does not do form 144
Schwab does them, but not for stocks under $1
Choicetrade does them, but you have to fill out some paperwork and mail it to Texas. Seems like it woudl be a massively involved process, since the forms are confusing and if you have something wrong you'd have to redo it, I think.

I'm trying to find a better way.

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casper
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Yesterday I went to my Scottrade office.I was told I had to call the transfure agent.I called them.They said I had to wait 2 years,before the resrictions were off and I need to see a full service broker.I ask when the 2 years started, she said when I bought the stock.I told her that it was JHCP 4/16/06.She said it made no differnce,it would be from that date. I think I'll will put this in my safe and treat it like a lotto ticket..In MOP this company has a good product, they were a victim of circumstance and they are a honest company..
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Fergy
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Does anyone themselves or know anyone who invested in JPHC last year and went through the merger have an account with TradeFreedom in Canada???? This is important!!
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