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virginian

10/22/06 10:45 AM

#5714 RE: sharky #5707

How can they implement a reverse split on shares that are not even registered with the SEC and are still not now. I was told that all my shares will be converted at a rate of .4632 per share which means the total amount of JPHC shares is multiplied by .4632 and that is the amount of PAVC shares you have.I have Fidelity and they finally sent the info to the DTC after many phone calls, that they required and hopefully they will be in my account soon.The shares will be restricted for 1 year AFTER I recieve them IMO. I was told by the DTC that some have recieved their shares already however it's your brokers that are essentially holding this up by their noncompliance with the procedures that the DTC dictates. They are stonewalling this for reasons unknown but it appears that simply they just DO NOT CARE and it's the investors ,once again, that get screwed but this time it's by the one's we pay to help us.So call them again and again and again until you get results .