Replies to post #14757 on PAIVIS Corp (fka PAVC)

[sludgehound]

done last Sept then nada

Hit Sept for $40 by AMTD-Izone after going long JPHC in May. Izone sent Sept certs to the first TA black hole. Haven't seen dime one from this rat hole. But then is restricted. Oh hit SEC fee $20 too for the RS.
enjoy

[Mr Mackey]

yeah, i have fidelity too..

i see this in my trx history now..

01/26/2007 TENDERED TEX PAYOUT 48205X109
...

[im a survivor]

It very well could mean there is 'progress towards getting shares out', but again, you must understand how the system works.

Due to the nature of the corporate action, certs were to be mailed to individual shareholders, not the brokers holding shares in street name.....

When this occurs, the broker will 'remove' the shares from your account as they no longer are responsible for holding them. In fact, they HAVE to remove the shares from your account...as they dont exist with your broker. It is no longer 'in your brokers hands'..it is now in YOUR hands and it is 100% up to you to contact the company, the ta or whoever to get your certs.....

But the corporate actions that PAVC took, made this an inevitable event. Again, maybe they are making progress towards getting you your shares, but technically speaking the broker HAS to remove the shares from your account because the companies corporate actions dictated that the certs are going the shareholders, not the brokers....hence the shares in your brokerage account do not really exist...

<<Looks like there is movement on the conversion of JPHC restricted shares to PAVC restricted shares. My Fidelity account no longer shows the JPHC shares and they also deducted $38.00 for the handling fee.>>

[robtewms]

Me too.