Bad cuda posted on Apr. 25 ...
JPHC-easy money
today .0009, buy out price .005, do the math.....money machine closes may 10th. i think it will boosh on this alone, the chart is EHHH.do your home work, did i mention theres a huge short position......hahahaahaha, those guys are screwed.bought a little more today, worth a look.
Cuda
Well ...
I picked up a couple of million gambling shares of JPHC. A couple of days ago my account showed a mandatory exchange to PAIV. And it also showed a 35% profit, which I took.
But ...
Yesterday my account showed a reversal of the exchange and susequently a short position in PAIV. But since PAIV was up 250% yesterday, that short position is substantial. It also shows my original shares in JPHC, as a no-name holding, with the price before the exchange (70% down from my original investment, which is why I was happy with a 35% profit).
Here is my reply from Ameritrade for anyone who happens to be in the same position:
When the Jupiter Global Holdings exchange with Paivis Corp was
initially communicated to our firm, we did not have a clear indication that
these shares would be restricted. Therefore, affected clients reflected
the free-trading shares of PAIV in their accounts. Subsequently, it was
clarified that the shares from this action were in fact restricted and
not free-trading. With this information, we adjusted the Jupiter
Holdings exchange for Paivis.
At this time, holdings of the former Jupiter Global Holdings are
represented by a non-negotiable contra position pending the delivery of the
restricted shares due. In the meantime, free-trading shares of PAIV
that were sold after the initial exchange may now appear as a short
position in the account. These short positions are being addressed as we
continue to work with the company on this corporate action.
Debra A.
Apex Reorganization and Safekeeping, TD AMERITRADE
Division of TD AMERITRADE, Inc.
Anyone here have a feel for how this will get resolved?
techisbest
