same53
Serious Contributor
Posts: 599
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Post by same53 on Jun 30, 2006 13:19:17 GMT -5
my understanding is
That the Brokers will send your shares to the Transfer Agent. This first means all share will be accounted for.
Notice that the DTC is not mentioned in the PR. IMO they do not want anything to do with this issue it was so Blatant.
The Transfer Agent will send the converted Paiv Shares to you in your name to your address.
You will have the Certs in hand from what I understand.
This means we hold all the Paiv shares and they the Brokers can not short them.
Who ever in the Company thought of this is a genius.
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bg317
Serious Contributor
Posts: 776
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Post by bg317 on Jun 30, 2006 13:50:18 GMT -5
I LIKES IT. :  : : : |
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rmeek1
Serious Contributor
Iron sharpens iron...so one person sharpens another Proverbs 27:17
Posts: 757
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Post by rmeek1 on Jul 5, 2006 12:22:19 GMT -5
I spoke to TDA and was told they will not send the shares to the transfer agent until they receive the restricted shares of JPHC. I was told I didn't need to do anything further that the brokerage firm would handle it all once they received the restricted shares of JPHC. They also said they couldn't give me a timeframe. Is this legit?
Terry
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same53
Serious Contributor
Posts: 599
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Post by same53 on Jul 5, 2006 18:25:57 GMT -5
remeek I would not trust Ameritrade
Call the Transfer Agent that is listed in the Press Release and tell them what Ameritrade told you. Then take appropiate Action.
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shifty
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Posts: 442
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Post by shifty on Jul 5, 2006 18:44:57 GMT -5
What was the transfer rate? Say I had 100,000 shares of JPHC before May 23, how many shares of PAIV should I own? TIA
OK I think I found it. .46232085067036500 PAIV share per every JPHC share?
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same53
Serious Contributor
Posts: 599
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Post by same53 on Jul 6, 2006 9:05:01 GMT -5
shifty that is correct
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Post by bernie on Jul 6, 2006 15:02:02 GMT -5
rmeek - Let me know what Ameritrade tells you and what your actions are going to be. thanks
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same53
Serious Contributor
Posts: 599
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Post by same53 on Jul 7, 2006 8:54:50 GMT -5
Ameritrade
I would suggest that anyone haveing problems with their Brokers especially Ameritrade go over your brokers head to the Compliance dept, first call and voice your concerns and then write a certified letter to the Complinace dept on your concerns.
Also call the Transfer Agent listed in the Paiv Press release June 29, 3006 and ask Questions.
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