Bigfootbud
6 years ago
JPHC and APOA merged to form Paivs, Corp..
ATLANTA, GA--(MARKET WIRE)--May 18, 2006 -- Paivis, Corp. (formerly known as APO Health, Inc.) ("PAIVIS" or the "Company") (OTC BB:APOA.OB - News) today announces corporate development plans, and effective Friday May 19, 2006 Paivis will have a new ticker symbol, (OTC BB:PAIV.OB - News).
https://www.siliconinvestor.com/subject.aspx?subjectid=56698
APOA - APO Healthcare (APOA)
https://investorshub.advfn.com/APOA-APO-Healthcare-APOA-1399/
Paivis, Corp. PAIV
Apparently there has been some confusion over hundreds of millions of newly issued PAIV securities that were intended to be restricted, yet were sold Friday and Monday by the recipients. Issued to former JPHC shareholders as part of a merger/tender offer, widespread selling of the shares caused PAIV to drop 90% to 0.0011 last Friday on heavy volume of 645,915,747 shares. The stock rebounded a bit Monday, reaching a high of 0.0027 on volume of 920,928,086.
The question is whether those who sold restricted PAIV securities will now be required to buy them back on the open market. Yesterday, Paivis released news after the bell in an attempt to clarify the situation. Clearly, something is amiss as Pavis and the DTC have confirmed that no allocation of any Merger Shares has taken place - yet PAIV shares began appearing in JPHC shareholders accounts early last week. According to several online brokers, the new shares did not bear the restricted legend, and thus were eligible for trade. InfinitiStocks will be keeping an eye on PAIV today and will report new developments as they happen.
WOW it just doesn't get any better than this!!
Good grief,
shortzie
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=11239620
im a survivor
18 years ago
shares are restricted for 1 year and 2.....you can only sell a portion after 1 year, the rest after 2...and you will have to jump thru many, many, many hoops with some expense as well to actually sell, if they are sellable at that time......
But before worrying about that, first you have to get your shares <g>
;>)
PennyMadness
18 years ago
Thank you Madmax... I was right with my conversion and I am beside myself right now. In another forum I read that due to the screw up with ameritrade, they have to buy back all of the shares they "accidentally" let loose which, in a nutshell, could drive the price of this up over $1.00 by the time our shares become unrestricted. Be glad you cannot move these shares, as they have a potential to make us all, a lot of money.
sharky
18 years ago
Fellow JPHC shareholders, if I had 1,300,000 shares of JPHC and the conversion rate is .426, would that mean I will have 553,800 shares of PAIV? Still not showing in my Schwab account, just wanted to check my math.
realtmg
18 years ago
jphc and scottrade
read>>>
Dear Client,
Thank you for your e-mail. DTC (Depository Trust Company) is handling
this exchange with the agent. Clients will be receiving restricted
shares. We will receive a certificate representing holdings for our
clients. When DTC makes their entries we will make entries to our
clients accounts.
Please let us know if we can be of further assistance.
Sincerely,
George A CH
National Service Center
Scottrade Inc.
www.scottrade.com
Scottrade has been named Highest in Investor Satisfaction With Online
Trading Service Six Times in a Row by J.D. Power and Associates. For
award information, visit www.jdpower.com.
-----Original Message-----
From: realtmg@hotmail.com [mailto:realtmg@hotmail.com]
Sent: Wednesday, July 05, 2006 4:47 AM
To: Scottrade Customer Support
Subject: Account Balance
Please read pertaing to comverting my jphc shares to paiv
Thursday , June 29, 2006 18:13 ET
im a survivor
19 years ago
Or more...who knows...I see several scenarios....stock gets halted......End of story
Ameritrade forces people to buy back, which would send this sky high ( although that action might bring on a halt as every investor will be contacting the sec about being FORCED to buy back)
Or sellers come out in droves and they drop this back to .001
It is certainly a mess.....and you could get that 3 or 4 bagger, you could get a 10 - 20 bagger or ytou could get nothing...
Frankly, I am glad I got in and out quickly for very nice profits..it may shoot to .05 for all I know, but I am not willing to risk a 7 - 10 bagger getting halted, by letting greed set in thinking I want more.....
I just have no clue how this will all play out..it is a helluva mess.....with that in mind, I have no problem taking my 7 - 10 bagger and running..if it goes to .05, I'll be happy for those that held, but will not look back and second guess my decision to sell for a quick 7 - 10 bagger.....Best of luck, Keith