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Man, are these guys ever reluctant to raise the ASK! Hope our boys are finally buying today. I think we trend up from here from the looks of LII.
Macro had revs, these guys with the newco haven't proven ANYTHING yet. Who knows what the current state of Macro is. Macro is essentially what they were bringing over in the deal, the rest of the co's are far secondary. Yes, Bauer did a great job at Macro and one would think he will continue that legacy but we simply don't know what the current state of affairs is and won't until we get an update. Ultimately, the jury is still out and will be until we get our first Q. Hey, I hope they're successful but again, we won't know anything until they sign their names to an SEC document.
pejani-it's better to try to detach from it. It's not real as far as restricted PAIV holders are concerned. And this fantasy of selling your restricted shares privately; who is going to buy them even at 90% off where they are now? They're just stuck in the same boat as you in 1 or 2 years trying to offload them when the PPS will be right back down below a penny. Our only hope is that these guys actually build a real company. Because when the restrictions get close to coming off, what with billions of shares to come into the float, there's simply no way by the laws of supply and demand that this stock can stay anywhere NEAR where it is now. I will consider myself lucky if I am able to get my original principal back on my JPHC purchase although I think that may even be pushing it. Like I said, IF they build a real co with EPS, it might be smart just to hold through everything, including IMO a likely reverse split and eventually see a decent gain. Again, detach, it ain't real and this PPS won't be around in even 1 year.
NC, thanks for taking the time and effort to call and get us some info, I really appreciate it.
I think the critical thing for them, and this is something that is rife in the pink and OTCBB sector--following through on PRs that is), is to ACTUALLY start the buyback if indeed they haven't started yet (wasn't the PR 19 JUN?). He can throw all sorts of hyperbole about we'll buy back at .03 or .10 or whatever, but the important thing and something that really counts IS TO ACTUALLY DO IT not just say it. That goes for the form 10 too, obviously.
nice chart--seems like at every point of news you've annotated, it's possible that they're dumping shares to pay those particular bills.
Yeah, I think we can assume from the cratering PPS that the Q won't look good.
Congratulations kaching--owning an older car myself I know that great feeling of buying and keeping something of value for many years. Getting something of value these days- a real rarity.
Of course it's possible that all those ugly high volume trades at the bid are co buybacks.
Somebody is capitulating here and the MMs are giving it to him at the lowest he'll go, which is getting ridiculous at this point.
Something wrong here folks. I'm starting to count on Global to recoup at least a bit of my loss here, not a good sign.
I'll tell you what isn't speculative--in light of 80/bbl oil, this PPS could gusher here with the right oil-related developments. Hope they don't miss the opportunity to get some shareholder love.
I think they need to get Global trading (EFWO or whatever it is) cause we're losing it here in XLPI.
I'll tell ya sludgehound, they can buyback my shares from me at any price point above .005. We really don't know what the future holds here but, like I have said before, I hope Bauer earns his 280 thousand a year and builds a real company. If he does that, it's safe to say that by May 2008 I won't regret holding through the merger.
My opinion is I would love that to happen but I think it's pure fantasy that it will happen. On the other hand, if they cancelled the restricted share crap and simply offered me .005 times my amount of shares of JPHC in shares of free-trading PAIV, I'd jump at it.
Here's dallas66's post from Jul 3 on RB. I would read anything he posts on RB from 3 Jul and on. The only question I have is if some brokerages, through some mechanism, are going to hold the restricted shares for their clients in their electronic account. That certainly would make things a bit easier at sell time. Anyway, here's his post:
"News about the certs.
I spent about an hour and a half with both the TA and ATD trying to get things clarified concerning the certs. To make this as simple as possible I will do a Q&A type post.
Q. Do they know who the owners of record are?
A. PER THE TA...(Sandra) She has FINALLY received a verified listing of shareholders of record for both JPHC and APOA shareholders.
Q. What is the date of record for the restricted shares?
A. May 11, 2006 is the date of record for the start of the restriction.
Q. When will my broker account reflect my new PAIV RESTRICTED shares?
A. Your broker account WILL NOT REFLECT RESTRICTED PAIV SHARES.
Per the TA, the merger agreement dictated that all restricted shares were to be mailed directly to the shareholder of record and not the shareholders broker. The TA is currently in the process of contacting each broker for the official mailing address of each shareholder of record. Once the TA receives your personal mailing address from your broker, AND the cert they hold for YOUR JPHC shares, they will mail YOU a cert for your RESTRICTED PAIV shares. Per the TA, she said she hopes to have all PAIV RESTRICTED certs mailed out by end of July....pending cooporation of the brokers in forwarding your JPHC certs and personal mailing address. She also indicated she was receiving some resistance from ATD on this....imagine that.
Q. What is the cost for receiving my cert from the TA and what is the cost when I choose to sell the shares?
A. There is no cost to you to RECEIVE your certs for RESTRICTED PAIV shares. However, since these shares are governed under SEC rule 144, in order to sell shares between year one and year two, you will need to fill out a form requesting the restriction be removed. You will also be charged the following amount by the TA.
Total cost of $61 per the TA
$40 to remove the restriction
$20 to produce/mail new cert
$1 to cancel old cert
If this is done between year one and two, the restriction removal is good for 90 DAYS ONLY. YOU MUST SUBMIT AN EXTENSION REQUEST BEFORE THE END OF THE 90 DAYS OR PAY AN ADITIONAL $61 TO HAVE THE RESTRICTION REMOVED AGAIN. Keep in mind between year one and two there are still some restrictions on selling shares.
After year two...a one time fee of $61 per the TA.
You then must deal with your broker on how to handle selling your shares. They will require your cert, and you MAY incur an additional cost to have your cert put in street name. My understanding is that once YOU possess your cert, the requirement that the TA mail it to you has been satisfied, and you are free to do as you wish with your cert within SEC guidelines...if you choose to have your broker hold your shares in street name, then you can do that per their requirments/cost structure. Then I would assume your normal broker fees to sell would come in to play.
Q. What if I chose to wait 5 years to sell?
A. The TA requires a fee of $61 to remove the restriction legend and reissue a new cert. So no matter how long you choose to wait, it's gonna cost $61...or more by then...depending on if they raise their rates.
Q. What about the "restricted" PAIV shares that were sold as free trade shares through TDAmeritrade? How will those shares be accounted for?
A. You must contact TDAmeritrade or the SEC. The TA has no involvement or opinion concerning that investigation.
Q. I bought "free trade" PAIV shares on the open market the first day PAIV started trading, and I'm sure shares I purchased were "restricted" shares from the ATD fiasco. How do I verify those shares are real and not restricted?
A. As an individual that purchased "free trade" shares on the open market, you can request a securities certification certificate from your broker. Your broker is required by law to surrender in your name any securities certificates they may hold for you. You will be responsible for the cost of having your broker deliver the certificates to you. In the event they are unable to do so, or refuse to deliver your certificates, your recourse is through the legal system.
Q. Will ATD be required to buy back at "market price" all the restricted shares they allowed to be sold? How long do they have to remove these shares from the open market?
A. The TA has no comment or opinion concerning ATD's involvment with the sale of restricted securities. You must contact the SEC or ATD for information"
http://ragingbull.lycos.com/mboard/boards.cgi?board=PAIV&read=7194
Maybe they just want their money now, even at a slight loss, rather than going through some ridiculous rigamarole of sending their shares in.
pejani--the deal is that the TA is waiting on the brokerages to send them the Jupiter shares and then they are going to mail out the restricted PAIV certificates to the shareholders in the .4623 ratio. The TA was supposed to have everyone's address by 10 Jul. When you want to sell them you have to make an application to lift the restriction and also pay a fee. Not sure if that would be to the TA or through the brokerage to the TA. This was the info I got from dallas66 over on Raging Bull after he talked at length to the TA. Go look up his posts on Raging Bull (might have to go back about a week).
If they miss 250 for the last Q I'm out and you'll never hear from me again. Not to mention 1MM this current Q.
RMDG--Another day of reinforcing its identity as a fantastic traders stock but a horrible investment.
.4623
PBLS--What is with this stock??LOL!! Somebody must have a shithload to sell. Talk about pennyanteeing something to death. Never seen a stock that MMs were so RELUCTANT to move up on the ASK. .0324, .0325, .0327, etc etc. OMG!
vic--I agree, it has been one frustrating thing after another. It's almost like they are trying everything they can do to make it an exercise in frustration to cash out your restricted. Then I realized that maybe that's a good thing. IF these guys actually build something of value in the next couple of years (the jury is still WAY out on this) then it might benefit us if it is a bit of a PITA to cash out.
Think about it. If we could just press a button on May 11 2007 and May 11 2008 and sell it all, would that maybe be very destructive to the PPS? I mean, yeah, my gut instinct is to GTFU outa this thing ASAP with at least my initial investment. My feelings of resentment and antipathy towards this and the former management are fairly intense. The current mgt has done NOTHING so far to change that.
However, if it takes a while to get things processed in order to sell, the PPS might not take such a sudden crushing hit on D-Day plus one. Some might not bother for the first year and figure, hey, I'll just wait til the 2 years is up then deal with it, and not try to sit down before May 11 2007 and figure out what all they are allowed to sell. Just an idea that perhaps it might, just might, be good for the PPS.
PBLS Chart--
Doesn't get any better than this folks. The Force index is about to cross up above zero, the Williams has just punched up through -80 and the ADX green line is about to push up through the red line. Not to mention the RSI and MACD are positioned beautifully. You don't see many that are near-perfect but this one just about is.
I think what we're seeing now is folks simply waiting things out before they load up again. Probably be able to get it at 13 or 14 by Fri or Monday. I'll tell ya, if this news (This PR is stating that there is potential for a contract with a major auto manufacturer for crying out loud! This is the first news of its kind for XLPI--legitimacy via major brand recognition) had come in penny season or in a time when the market was favoring XLPI for some reason, this would already be above 5 cents, heading for .10. Right now it's get yer profit if you can and wait for it to bottom again, then do it all over again.
Bill has made his revenue projections clearly and unambigiously on mn1 press conference last week. 250K this quarter and 1 million next. He DAMN well better hit those numbers or I am outa here, that'll be it, the final straw. And the only thing that has moved this stock off its ass in the last year and a half was the Lebed pump and I'd rather he saved the 20 grand and put it into the operation and not some pumper-kiddy only to see the PPS drop right back.
Seems to be reflecting an overall market tendency to avoid risk lately. Hope it isn't a trend indicating an economic slowdown. If that becomes a reality all these little flybynight shittwigs'll be history.
I think the vast majority of penny players are well aware of XLPI and have made up their mind about it. That could change with proven, significant revenue that the CEO has gone on record projecting. And I might add that if THESE projections don't come to fruition even the longtermers here are going to bail as the stock will be (I know hard to believe) even more severely punished.
Wow, I admit even I didn't expect to see it this low. Yikes, could be heading under a penny again. Somebody call Lebed!
RMDG--could be a triple digit midget and flip soon EOM
I've said it before, no one believes these projections. They just don't. You know, maybe they're remembering the 12MM in private investment from last year that faded to nothing. Right or wrong, I dunno. If they could PR current revenue (if indeed 250K for this quarter) and something credible reflecting 1MM for next quarter, I think the market would respond.
I'll take a wag here-no, the R/S was to square away Global's share structure and you got what you got in Global per your holding in XLPI and that won't change.
RMDG--This keeps up, heading below .001. Might be worth a flip at that point. What a POS. LOL!
I think they'll say some fairly exciting things and the PPS may get a jolt of caffeine. But, inevitably, because they still haven't proven anything revenue-wise, it'll drop back into the mid .015's. OK, I know, ahem, let's get excited people, it's a press conference, the world will be listening, flashbulbs will be flashing! Hey maybe Wolf Blitzer will be there!
RMDG--Stock is having credibility issues IMO. I think the market's still waiting on that supposed June 20th restricted share divvy that there hasn't been one whisper of as 20 June has come and gone...
Yeah I dunno something...but the longer this goes on day after day after day, I'm just starting to factor in the REAL possibility that this whole Fleming gambit might, just might, really fail. Has everyone faced that as a hard, cold possibility? I'm not saying GZFX folds as a company, just that Circuit City rollout might defeat itself economically. The PPS certainly seems to be indicating that as a very real possibility. PPS usually is a deadon indicator of upcoming events (or lack thereof). OK, Eior, back to your hole.
I dunno, maybe as far as CC is concerned Gamzenflix IS just a buncha prepaid cards hanging in some anonymous section of the store near the bathroom. We sure ain't gotten any of that CC stardust happenin.
cause we have a dream...
that's turned into a nightmare.
Warning--this post contains vulgarity
Wow, the overall market is kicking ass and my shit is getting HAMMERED! WTF is going on, is the jig up with these crappy companies, finally?
OK, pant, pant, I done.
RMDG--Oh well, I got the volume part right! Co had to eventually take advantage of that restricted divvy play LOL!!
Well, when anyone asks why this never goes anywhere or keeps any gains, look at today's action and it'll tell ya everything you need to know. Traders are well-aware of this stock's typical behavior and simply won't hold onto anything for any real gain.