wise ...
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from a Lawyer point of view the question is very simple : nobody sold any restricted shares ,, we sold something ...yes but the real shares are still not released ..!
the rest is pure imagination, the fact stand and Ameritarde is accused of massive fraud ..
sharp yes definetly me ,, I will stop using AT ,,,
If this story is picked up by NBC , they will lose more than the$10 miliion needed to cover this fiasco ...credibility and reputation at stake but watch justice will prevail
they all know the mess they put themselves in,,, but the longer this trail the more exposure you get and more danger to be sue by the best shark lawyer around //
not on this case creatoe , everybody exchange right now "toilet paper ' and contribute to a major fraud . Anyhow at the end which will be soon ( confirmation of investigation by NASD by numerous complaints today ..)punitive damages will be added to this non sense . if you make a huge profit on fake shares you may have to give everything back,! it will be a nightmare for those who sold their profit and bought somewherelse ..
Basically short , Day traders , opportunists here we are in the same situation we are playing with shares that are not delivered . The os is minimum and this is a huge fraud ...I will be careful if i was you as well
Creator think that the shares that you bought doesn't even exist The co Paivis just confirm they were never delivered and the float is 56.5 million ,
I filed an official complaint for security fraud and margin call to NASD
if you want to follow here is the link
https://apps.nasd.com/Investor_Information/complaints/complaintCenter.asp
utmost let me explain it again . the stock lost 90 % of the value I sold at the bottom 1/4 of the shares for a mere $1000!, next day the value goes up to 0.005 but AT halted the stock in the morning , we could'nt even buy anything even on the phone.
you understand once for all that we sold not by greed, but to protect a lousy investment !!!!
so please refrain your comments here ,,in the meanwhile this is a pure fiasco and i got a maintenance call of over $1 million !
the shares were faked and some daytraders are enjoying the ride here thinking that theyr are genius of the finance world
This will be resolved the story is not over for sure ..
just received this from AMERITRADE
At this time, we are working with the company on possible resolutions to assist our clients, however, we do not have any clear indications at this time. Clearing is reviewing the situation and we will contact clients when a determination has been made. All margin calls due to this short are, at this time, not being issued. However, we are not making any adjustments to the balances for this short until a final decision is made.
Thanks,
Patrick S.
Apex Client Services, TD AMERITRADE
Division of TD AMERITRADE, Inc.
Griff i got a maintenace call of $1,360,000 ! yes 1 million for a sale of a $1000 when the stock already lost 90% of his value on Monday !
something is so wrong that is now lout of control...
on Monday even if i want to cober the $1000 sale i could.t the account was restricted ...
Upon any attempt to
transfer, assign, pledge, hypothecate or otherwise dispose of this Option or any
right or privilege conferred hereby, contrary to the provisions hereof, or upon
the levy of any attachment or similar process on the rights and privileges
conferred hereby, this Option
and the rights and privileges conferred hereby shall immediately become null and void.
the all fiasco need to be voided They didn't have the right to sell anything this is pure fraud and they know it, They are not putting any margin call in your account and they won't either ..
if they touch your money the punitives damages will be exponential,
they let this fiasco go along for 3 days...and they won't dare to ask you to cover with new phantom restricted shares !
What do you buy to cover your shares ? another round of restricted shares ? they are not delivered and probably won't be for 14 days ..
This got to stop Fraud and certain class Action
good news, if they halt the trading tomorrow nobody can cover anything ,they AT will...
and stand for their action
The creator big moralist ! what about AT trading billions shares that they don't have and you making some big time $$ dought on it ..this is ok for your side of the moral ? GV abreak ...
this is the original read the BOLD they are aknowledging their fault ..
Thank you for your patience while we research this issue. As you know, On
5/19/06 APO Health and Jupiter Global Holdings merged, and issued new shares of
Paivis Corp., symbol PAIV. These new shares were to be restricted. However,
Ameritrade allowed clients to trade the security unrestricted on Friday
5/19/2006 and Monday 5/22/2006.
Today, trading on PAIV was temporarily halted as we work to resolve this issue.
The reorganization of Jupiter Global Holding to free trading shares of PAIV has
been reversed and a non-trading "contra" position will be posted to
affected accounts instead.
Former holders of Jupiter Global Holding who have sold PAIV will have a short
position that may need to be bought back. Shares of PAIV received from the name
change of Apo Health as well as shares purchased on the open market will not be
adjusted. At this time, we are working with the company on possible resolutions
to assist our clients, however, we do not have any clear indications at this
time. Once again thank you for your patience. If you need to speak with a Client
Service Representative, you can call them at 800-669-3900.
Best regards,
Patrick S.
Apex Client Services, TD AMERITRADE
Division of TD AMERITRADE, Inc.
ZAn i received this email from AT and the beginning is obvoius that is AT mistake
As you know, On
5/19/06 APO Health and Jupiter Global Holdings merged, and issued new shares of
Paivis Corp., symbol PAIV. These new shares were to be restricted. However,
Ameritrade allowed clients to trade the security unrestricted/b] on Friday
5/19/2006 and Monday 5/22/2006. ...
Patrick S.
Apex Client Services, TD AMERITRADE
ZAn isold 500k which net me $1000$ now they are showing as a negative -$4000
around ,,and I'm not covering for their lack of information They should cancel the trade period .. In the meanwhile whoever is buying in the open from the 50 million float!is expecting a 10 bagger ...
I will sue this AT not by myself but with I'm sure with alot of more Shareholders for this fiasco ..
Brokers are selling share that are illegal ,and that's ok and I'm selling a small portion and i'm supposed to be the one to be in the red ZONE !
AT is responsible any lawyers will sue them for punitive damages as well//
One thing you guys don't getit is that we are not allowed to trade in our account period since 8.30 this morning and despite the fact the stock is going higher and higher and we are put in a situation where we should just sit and watch !
Second even if you bought your shares in the open Market , it still a major issue there are 100 times more shares traded than authorized .
Third the meanwhile some daytraders come to the scene and making a fortune on the situation and that's ok with everybody ..!
Ameritrade will have to step in and cancel some major transactions here to regain credibility ,this can't go for ever ...
Yea, people bought in the open market but there is no way they all bought unrestricted shares. So what happens? Time will tell.
creator same to you bottom line people should'nt BUY stock that they know is restricted ... same mess ...
even if we want to cover we couldn't have ,Account is restricted it's the perfect hostage situation and in the meanwhile the price is going higher ,,.
Joe Monster I emailed the SEC as well and what email do you use for the contact in Ameritrade ..thet need to hear my voice as well.
But if you bought on Friday or Monday non existing shares ,you are in the same trouble as well ....
Peety Cash we called AT and they say theses shares were not restricted ! stop using wrong argumentation ...They are 100% in a big mess and they know about it reputaion is fragile in this industry ...it will cost them tons of $ in punitive damages if they don't cover their mess...
Irish bull I'm not covering First i can"t and second AT is at fault here for selling shares which didn't exist . Enough is enough !
2 solutions
1 the sale is cancelled
2 AT cover their mess ..
sharp we are on the same situation I can't buy or sell and my account shows a negative ...in the meanwhile the float which is supoosed to be less than 50 million has been traded almost 10 times ! Yes class action ... no doubt about it ...
Ameritrade Account shows original shares of PAIV as N/A and some under PAIV on a negative value the point is even if you want to cover you can't trade .. This smell like Class action .. They can't take you Hostage and I will sue them ..
timeout - if I was given PAIV shares in my Ameritrade account in exchange for my JPHC shares you darn skippy I have every right to sell them whenever I darn well please. If I wasn't SUPPOSED to be able to, then they should have been RESTRICTED from my account. This is just a scare tactic that people are using to make Ameritrader's buy back in....
The only choice To ameritrade is to erased the transaction ,But what will happened to the folks who went to buy another stock with this money ?
IMO Ameritrade is the only one responsible here not the individual ..
55 mill in the float ..well another billion share were traded in the last 2 days ..
if ameritrade didn't received the shares ,it's obviously their fault to put some imaginary number in the market (restricted or not ).
They are the one in trouble not the trader ...
that will be costly if they have to buy back 650 million or plus shares at 0.01
i will wait and see ... I sold 1/3 of my shares today ...
I just called the IR 8009636471 they are confirming that the shares were restricted , That was mainly Ameritrade mistake to sell stock they don't own. The situation will be resolved A PR will follow later tonight or early morning but the price will come back up where it was intended ..
So patience don't sell anything you might have to deal with ameritrade on a wrong side ..
I feel a little better )
westeffer Ot Can you post the Synbol of the penny that you are in, and expected rewards ?
Thank you
KG4 and Co .. one word one more day, promiss you will be gone after tomorrow ..? we decided to stay long and stay with the new Co can you understand once for all ...
KG4 what a start ! all right still 95 posts for the gold medal )
don't forget nap time , and new ideas might help as well .
KG4 let's shoot for 100 posts this week-end ! shall we ?
the nicest thing about all this story, is that you won't be on this board after May 10th ! and this make my week-end exciting ..)
KG4 let's try 50 posts today with LOL every sentence ...
pathetic
Bigdog 4 million ,,,,
nukuhiva 4 millions
KG4 I thought you told us that you were leaving ...! you didn't cover yet ? what else do you need , save us ... We UNDERSTOOD and we decided to stay for the fun ,,
Don't you get it .?
It's at this level on everebody interest that APOA succeed . Let's help them out ..it's the only solution at this stage ... No need to sell at this level ...
KG4 185 posts since 4/26 ,How much is the post .?
KG4 let's try to break the record today ... you should post 65 times )
I bet after May 10 th you are going in vacation on this board may be KG5....