wise ...
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sgt Basically there is two markets right now the traders and AT et E trade who are buying shares and " thow them away in a garbage so to speak )They can't put them back on the market ,SEC is watching them , There must be a deadline somewhere .if they do the process will last for ever and will be completely illegal again ..
Bob Imo Yes there is no reason that this will stop untill all the short are accounted for ...
The good news is :as long we don't received our certs , we know that the squeze is still in full motion .. and tomorrow deadline means absolutely nothing .
this scenario will unfold for a while 2 to 3 weeks IMO
Chuck he means Before you write your post write IDEAS as a title ...
Chuck he means Before you write your post write IDEAS as a title ...
Let's get real ! ..we wont get our cert until the situation is resolved ..
on my behalf I'm not selling .. I will be part of the float ...i guess ..
Reply from AT
We have not yet received the shares, once the shares are received we will update your account. At this time we do not have a payable date for the shares.
Sincerely,
Client Services
Ameritrade Izone
Division of Ameritrade, Inc.
what is the next move call the SEC again ? .IMo until AT is covering the shares won't be available ... plain simple ...
sometimes it pays to listen JPHC to PAIV
call here at 0.001 now up to 0.15 cents !
http://www.investorshub.com/boards/read_msg.asp?message_id=10780783
Reply from CEO from my concern !
Dear ****
There is a plan underway that should take affect soon. Look for more press very soon.
Best,
Paul D. Strickland, Jr.
Chief Executive Officer
Spooz, Inc.
312-379-3166
312-223-0110 Fax
you mean =we are getting the cert = end of the squeeze
i guess we never get the certs then )
and because of a deadline established by the SEC and by the Company who wants to resume so call "normal business"
the price will have to be in a no limit zone )
they have to recover a huge amount of shares and day afyter day ..these shares are becoming collector items so to speak!
There is a deadline somewhere for At ,,the question is what will happen if nobody is selling !
serfdom
you are right they were short before the merger and then again during Fiasco distribution of the phatom shares .. this is getting pretty exciting here ,,
.I was somad at this people that ibought a load truck when it was 0.005 ... now they can wait for ever ! They drove me crazy and asked me a 1 mill margin call and froze my account for a week .!. Now i just sit and watch the motion ... Boomerang effect .!
Emulwa with all respect this is kindergarten resources ...
anything else more savy like to find out when the deadline for At to cover is ?
Good Luck
jerzy it was resolved after contacting SEC and Nasd and 20 emails to AT!
they are in big trouble ..
this is a reply from At not allowing buying on paiv !
It was a business decision to place the Closing Transactions Only restriction on the security Paivis Corp (PAIV).
Bob Wonders
Senior Representative, TD AMERITRADE
Division of TD AMERITRADE, Inc.
Reply from Ameritrade
Dear ****
Thank you for your email. Our reorganization department is working with the DTC and the transfer agent regarding this issue. The DTC is in the process of requesting the physical certificates from the agent so that you may receive the restricted PAIV shares. There is no further action required on your part. If we do need anything further we will send you an email.
Sincerely,
Client Services
Ameritrade Izone
Division of Ameritrade, Inc.
Same granted but running a business means also communication with the shareholders .I want to know if legal actions are in planning against AT , period and the CEO is the one in charge ..specially when there is no deadline published from the SEC . Yes and that's also part of the CEO job ...
AT is still short billions , SEC is watching until when ?
Paivis is doing his business, set up a new website but can't release any PR ...
the restricted shares are still in transit ...
The Ceo now of Paivis need to make a move ASAP..
New website paivis.com at last something in the right direction...
AT have no right to ask you to cover ,, They know and if you argue they will reverse the sale . Don't be fooled here ..they are at risk here on reputation fraud and illegal trading ...it's plain simple .The Cusip was non restricted ...they provoked the 90% loss on the first place ... Paivis should and will sue them,,they won't need any dilution
this scenario can't last for ever , Complaint again to the SEC ,,,,this is absolutely innaceptable ...
allie you can follow the transition
of the website ...
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3 at least new modules coming up ...
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Coming Summer 2006.
New Broker for SPZI plus an update of their website imminent ...
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This is the situation
Paivis can"t issue any Pr ,they are afraid of legal issues .
Paivis can't even disclose business outlook as well...
Ameritrade is trying to cover but don't want to spend any $ .
Etrade is involved as well
the SEc is looking over but so far that's all they did looking ...
Ameritrade is trying to scare Individuals one on one to cover ..
You need to send more complaint to the SEC and "overflow" them with this issue
day after day. otherwise the stalemate is going to last for ever..
at least 1 billion share is out short ,illegal or fake whatever you want to call and the big boys are not picking up the Tab until they are orederd to ..
Buzzard I suggest that you contact asap
the SEC and file a complaint about Etrade
from a previous post "
SEC is looking over the development ,can't comment only to the facts that some who complaint to them against AT were in good shape while the others are on their own ,getting margin call ..
I told them that people are exchanging right now phantom shares that's completly illegal and ask if they have a deadline to cover ...
She seems to be very aware of this situation here with At and Etrade as well !
she told me to look after myself right now and not buying any of these shares !"
here is the contact at the SEC and complaint ASAP for yourself
SEC Investor complaint Merrily Katz 202 551 6317
I didnt have to buy back AT did it ... after contacting the medias ,NASD, SEC and waited 5 days ..You don't have to buy back anything the Cusip received is non restricted .they are at fault .not you ...
same cusip ... big mess
so basically I received UNRESTRICTED CUSIP # i695793109 and I sold a small part and in the meanwhile they froze my account for 4 days and asked me a $million and plus maintenance call ! for an operation completely legal !
if you buy now on the open of course the cusip is UNRESTRICTED CUSIP # i 695793109 but fake as well !!
Serf
Question for those who received and/or sold bogus "merger shares" from Ameritrade:
The Cusip that I received is #695793109 that's the one i sold
then again i bought a small quantity (open Market ) and still the same Cusip
#695793109
new shares show the same cusip as the ones i sold ..
I have no idea how to check the Cusip Number from my AT account ...
Until At and ET are done covering .,i doubt you will see any shares of PAIV appeared in your account . The SEC is watching done deal but to this moment they can watch for months and months ...!Paiv is not releasing any PR either ..until the mess is clear.
The Deadline doesn't exist in my opinion This is going to be a stalemate for a long time ...
the only solution is to harass the SEC .or start a class action ...
but in the meanwhile i only see complaisance from the SEC toward Ameritrade..
I don't like as well the double standard from AT asking some investors to cover and on the other hand erase the sale for others ..Case by case scenario here doesn't stand .on a court ...
I don't like this at all ... in a way our shares are restricted for 2 years and it really doesn't make any difference... but in the meanwhile the silence of the Company is hurting all of us ...
Serf Lol )) you should send it to the SEC AT Et and NASD ...))))
Tim the quote ""the mess is bigger than expected" is mine after talking to them on the phone ..
SEC reply
is looking over the development ,can't comment only to the facts that some who complaint to them against AT were in good shape while the others are on their own ,getting margin call ..
I told them that people are exchanging right now phantom shares that's completly illegal and ask if they have a deadline to cover ...
She seems to be very aware of this situation here with At and Etrade as well !
she told me to look after myself right now and not buying any of these shares !
the mess is bigger than expected ..!
I give you guys the name of the contact at the SEC and check for yourself as well.
SEC Investor complaint Merrily Katz 202 551 6317
Phish when is the deadline ?
"However now that the confusion has been cleaned up..."
I'm sorry ...But on my behalf i'm still confused.!
No explanation whatsoever.from the Company .. Shares are still in Transit ...
At and ET are trying to cover by exchanging fake shares ,, thousand of complaints to the SEC...
Fiasco ...
Kg4 annoys me but he is not on ignore, he has some valid points, unfortunately he is repeating himself to exhaustion. if he can regroup his style and be more concise and eliminate his expletive opening....
Somebody is lying
Ameritade is saying that the shares were delivered to them as free trading shares !
Paivis is saying that they were not delivered at all !
....
Reply from TD Ameritrade to the SEC
reply from the Company
"TD AMERITRADE is currently researching the issue regarding the shares of PAIV. When the shares were originally delivered to us, we received free trading shares. This is why clients were able to trade the shares. Information has since been brought to our attention that these shares should have been restricted. Until more information can be obtained, trading has been restricted by TD AMERITRADE"Stacie V.
Apex Reorganization and Safekeeping, TD AMERITRADE"
***
Therefore for all the individuals which are asked to cover they can question AT on their Double standard
Reply from SEC..
Dear Mr *****
I am confirming that we received your complaint concerning TD Ameritrade. We take investor complaints very seriously and try, whenever possible, to provide some form of assistance.
We have sent your complaint to the firm’s compliance department and asked them to respond directly to you. We also asked the firm to send us a copy of their letter to you. Please understand that this process may take four to eight weeks.
Our efforts to facilitate informal resolutions of complaints often succeed. But, in some cases, it remains unclear whether any wrongdoing occurred, or the dispute boils down to one person’s word against another’s. If that happens, we cannot act as your personal representative or attorney, and you will then have to decide whether you want to pursue legal action on your own. The following portion of this email outlines the steps you may wish to take if you choose that option, and includes information on arbitration, mediation, and sources of potential legal assistance. Please read this information carefully. It describes your rights and important deadlines.
Please do not hesitate to contact me if you have any questions.
Sincerely,
MERRILY W KATZ
U.S. Securities and Exchange Commission
(202)551-6317
I doubt Ameritrade will be able to short again in this case if the SEC received so many complaints about this particular case ...