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Happened to me before too they forgot to change mine over tried sellin em and no go.Sure looks nice doesnt it?Worth it alone jus seeing account worth that much.GL DF
well i actually picked up my shares at .0015 and i bought alot ... according to scottrade im in the millions right now. might aswell enjoy it while i can ... ha ha but im riding it allll the way out. who knows maybe the CEO has a lagitimate plan of action instore for us. but i do know if we sell at 1.75 - 3.00 we will not go anywhere
Almost wish I woulda held some too.Just to strange not to imo.Time will tell and I wish the best for ya~)DF
Ameritrade updated my account with the corrected shares; holding long on these.
Could you imagine lol.eom
Hope so too Dragon; I would love to see it go to the third MM's ask pps. LOL
Still 15 dollar ask wow mms dont have nada.So micro thin now it needs a large FS my gosh.Hmmmmm did ceo have somethin up his sleeve or plans to make this work somehow?Maybe imo.DF
That 100 had sold earlier; no others.
well 100 just sold for 1.75 ea ... that hurt ... its gonna be awhile before we recover from that one... thnx to whoever brokedown ans sold at that price ... hope they enjoy their $175
I have alphatrade; I don't believe the size are correct, but it says 500 bid at 1.75 and 200 ask at 15.00.
how do u view the actual BxA size amounts in sequence? i use scott and it doesnt have that feature... can i get a heads up anyone?? thnx
NITE has again raised his bid; now at 1.75. NITE is the one who also bought up the shares after the announcement of the R/S.
Thanks Dragon, it's unbelievable what the pinks can get away with. Hopefully, this guy has something positive coming, and this CEO isn't just a another POS lier. At least, this is a real company; I had called the second time before the R/S and left a message on Mr. Gallager's line, but he never did return my call. It's not easy to find an honest CEO these days, so we can only hope that this one is not out to harm more investors. Amer(TD) still has not updated my account; I wouldn't recommend this broker to anyone either.
Good luck to everyone who's here.
Yes there have been many pink sheet stocks that dont tell people and then RS blindly with no heads up of the move. Considering pinkies dont have to file a pre14c like a filing company would most of the time there is no heads up on these subbers. What strikes me as odd is OS pre split was ONLY 40 mil with 50 mil AS on nev SOS and still shows 40 mil on pinksheets post split.Somethins Fd up and almost soo strange I almost think I should have rode my few shares stead of selling hour before close day before split.Sublime had posted the heads up about them being on the daily list for RS.Only way to tell sometimes is to see it there hours before close when the daily list is published on otcbb.com.
Note that I just went to pptms website too and went under news on bottom of page and they had a PR about it saying they have done a RS for reasons noted.Well thank you mofos for the heads up.BUT TECHNICALLY in a normal and perfect RS world it closed at .003 pre RS so anything above 3 dollars would be up post split. All I can say is its a weird situation and ill be watchin close.Never know.I wish you al the best of luck.Just cant believe they snuck it in like that.At least we had a heads up here with enough time before close to move or ride it out.GL and I hope for the best for yall.Noone ever said all pinkie CEOs knew what they were doing or are honest.I havent quit decided what he is yet.Again GL and dont let this hold you down or back no matter what haps.Makes one smarter to see these bs moves ahead of time even if one only has a few hours to act.Lets see company spark this thing somehow.DF
Maybe this is true; maybe not:
Jan. 9 posted by someone who claims that he spoke to the CEO on the 8th.
http://www.boardcentral.com/cgi-bin/aios.cgi
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I'm wondering if this could possibly become a short squeeze surprise. Does anyone know of another company that gave no notice of a R/S?
Well, the bid did go up on Friday, and I know not all bids are showing. Maybe we'll get lucky; maybe not. GLTA
Thanks Z, I use amer(TD); maybe Monday the new ticker will show with the shares; I'll let you know when it does.
coolwhip
I use banc of america and they have already changed my shares through the reverse split already...It would be very cool if the bid increases and we are able to sell down the road
Z
Thanks for the heads up; in any case, this could turn out to be quite an interesting week.
Anyone have additional info, please post. TIA
There were hundreds of stockholders that sold PAIM during their conversions and ,MAN, there were those that owed thousands of $$ to their accounts. There were posts that the brokerage sold all their stock and were billed more! Said that was their responsibility not to sell stock during that time. Suits were brought, but I don't know what happened.
mo
BD
Also, if a shareholder does not have a margin account, he cannot short a stock so how could he be held responsible in that situation?
Thanks booger for that information; I'm surprised that the stockholders would be held responsible for the brokers errors. Any and all information is appreciated concerning this. TIA
From what I have seen, the stockholders are responsible for the covering the shorts. Some can loose quite a bit. Check out PAIM with their (buyback)cd conversions..Lots of stockholders were told that they owed their accounts thousands of $$.
mo
BD
This could get very exciting; the brokers deserve what they get; they've been playing too many games by not allowing buy orders on many stocks. I had bought a stock and a week later the stock fell and they refused my buy order both by internet and by phone orders so I couldn't average down.
I don't have much invested anymore but will hold to see how this plays out; I had read quite a while back that they needed to regain their shell due to naked shorting.
What could be even more interesting is what would happen if brokers do make the mistake and not correct the R/S shares in the accounts; if old shares do get sold, I believe it is the brokers responsibility to buy them back at much higher prices. Didn't this happen with AWYB a few months back when it skyrocketed? Anyone with thoughts on this? Imagine what would happen if the company puts out financial news, etc. at the same time; LOL.
Well for those of us still caught in this...I have noticed that the bid has gone from $1.05 to $1.50...Just don't know if there is any hope of selling them yet
GLTE1
Z
I had $450,000 showing in my account for about an hour lol
My account still lists PLLN; maybe Monday it will make the change. I had paniced and sold 3/4 of my shares the day of the R/S announcement but did keep the remaining in case this is what the company needed to do for the move to the amex. Hopefully, they will follow up with good news soon.
Maybe if I pump it all day tomorrow I can sell it to other Scottraders Monday morning for $5 a share. Yahoo here I come.
LOLOLOL
I wonder how long it would take for them to find me - that's a lot of 0's. LOL
They can probably take a joke, I say we cash out. :)
LOL....Mine is too. You think they'll correct that or should we try to cash out before they notice? LOL
My Scottrade account is looking pretty good thanks to this stock. They forgot to divide the # of shares by 1000. LOL.
1.05x15.00 what a spread wow.Anything over 3 bucks and those who still in in the money.Strange move by them indeed.DF
Who knows one could end up actually making out off this one considering OS smaller than Ive ever seen at 38,000ish OS.I am still amazed at how they snuck it in day before but hope for shareholders sake he has somethin up his sleeve.Best of luck and ya never know.)DF
Merger with Peopleline Telecom
http://biz.yahoo.com/pz/070117/112051.html
I use Banc of america and at about 11am it was changed in my account....Now 150 shares at $3.00...Maybe it will trade at some point in the future...My account still shows a value of $450, but I have a feeling that money is gone
Z
The few that MMs have Id assume.eom
Where would those shares come from?
Less someone buys at 15 lol.eom
It could even take three or four days depending of the broker. Since no one has any shares under the new symbol, I can't see how it could trade today.
It usually takes a few days to reflect new symbol etc.GL eom
I can't trade it on Scottrade but I haven't called.
Has anyone been able to trade it and find any other information from the company? thanks
The symbol changed to PPTM.
Does anyone else have the stock trading in their account? It seems to be now listed as 1ppln, but no other information.
Any help would be appreciated! Is it trading? anyone call the company?
Thanks
Nope mofos. Look at killer spread like I said 1.05x25.00.Who knows what could happen with A that high and literally zilch OS and float now.GL those who held!DF
Strange situation considering OS will only be a miniscule 36000.I dont have a clue considering how low OS and AS already were why they would consider such a thing.I mean technically speaking if it goes up after RS then one will be in the money but with a OS that small post RS there will be mega huge spreads.Ive only seen a very few stocks on any exchange ever have anything under 100,000 OS but this is down right strange.Somethins up their sleeves and they defintely snuck this unexpected. All around odd and I am not happy but ya never know what the heak their intentions are.I was just about to throw a G or 2 today amd adding to my starter then happened to check daily list and low and behold PLLN RS.Unreal!Got out breakeven.
I guess with such a tight share structure even before this RS only other possibilities could be get pps up obviously or to just say f the shareholders! They will need to do a huge FS after once they see how dumb their move was and how the srpeads are enormous post RS.Never seen a stock trade liquidly with even a few mil 0S.Or worst case dilute it down like most other POS otcs.Thought PLLN was an exception but doesnt look like it now.Sorry if this dont work for yall but I tried telling yall today when I found out literally right before I was bout to go in.Never know one could get real lucky and it works out more than well for ya.Ill be watchin hopin for the best for those who didnt catch the RS on daily list or my heads up today.GL and this definitely calls for a phonecall to CEO now to see reasoning behind it.I knew I should have called him back last week.~( Mofos definitely snuck that in .O well cant win em all and it comes with the territory.Hope you can do better,never know with Fd up situations like this.100 shares at 5 bucks is still 500 so we will see if this RS actually works.Could but from past experiences not cool.But like I said with such a tiny OS after 36,000ish is just out right nutty small.Curious to see what he does with it next.GL and ill be watchin close hopin for the best for those still in.DF
As for RevMergers I put some basic info and links on my board in Ibox which are good reads on them in general.RMs are an alternative to a spendy IPO and much quicker to get publicly traded.Once RM is shed to light and private company merges into the shell then value is created depending on how big the private company.RMs are becoming popular for obv reasons and lots of people like the fact that instant value is created hence dramatic pps increases.Im really really tired but hope this helps a lil.DF
Hi ZN, I'm NOT answering for Dragon, but going to give you a c&p of a post he had in his thread. I think he's out for the count tonight, but no doubt he'll get to your questions tomorrow. Here's a link though to some good info on reverse mergers that he posted the other day:
http://www.investorshub.com/boards/read_msg.asp?message_id=16226854
Dragon,
When I read this earlier I didn't understand what you meant. But it looks like they are doing a reverse split 1000 to 1..Correct? Why did they do that and it sounds like this may not be a good thing....Can you shed some light on this?
Also in a reverse merger like plso or mrxt, I understand the mechanics in terms of a private company becoming a public company, but what makes the share price sky rocket?
Any help would be appreciated by you or anyone else thanks
Z
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