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Post by tc346 on Apr 25, 2006 15:08:59 GMT -5
By the way, not trying to bash it. Just trying to be sure I understand it. Good luck to all.
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Post by tc346 on Apr 25, 2006 15:37:13 GMT -5
I understand it to mean that assuming the price of APOA at the time of merger is still .015, JPHC holders would get 1 share of APOA for ever 3 shares of JPHC they hold. That ratio would not change regardless of the price of JPHC. It would change only with the price of APOA. So regardless of how the price changes for JPHC between now and the time of the merger, the number of shares of APOA given in exchange for JPHC shares is totally dependent upon the price of APOA. The higher the price of APOA, the more shares JPHC holders get when the merger happens. Correct? Bottom line. Doesn't matter how high JPHC shares go; won't affect the number of APOA shares given. So no incentive for it to go up. Right? Only way current JPHC holders get more APOA shares at the merger is if APOA share price increases. Right?
Now anyone correct me if I'm not understanding this correctly.
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Post by tc346 on Apr 25, 2006 15:54:08 GMT -5
Okay. Last post for today. I think I have it figured out.
In the last post I said, "The higher the price of APOA, the more shares JPHC holders get when the merger happens. Correct?"
Actually, I think it is just the opposite. The higher the price of APOA at the time of the merger, the fewer APOA shares current JPHC holders get at the time of the merger."
Bottom line. Doesn't matter how high JPHC shares go; won't affect the number of APOA shares given. So no incentive there for it to go up. Right? Only way current JPHC holders get more APOA shares at the merger is if APOA share price decrease. Right?
Now I'm through. Sorry for so many posts. Won't let it happen again. lol
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Poorboy
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Post by Poorboy on Apr 25, 2006 15:54:33 GMT -5
JPHC will be valued at 0.005....sounds to me to mean that....if APOA is 0.01 it is equal to 2 shares of JPHC(1 for 2)...if APOA is 0.015 it is equal to 3 shares of JPHC(1 for 3)......Am I right or wrong? LOL
J
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Post by y0cool on Apr 25, 2006 15:55:58 GMT -5
The higher the price of APOA, the less number of shares JPHC shareholder would get. Theorically the value would be the same, which of course, will not be true in reality.
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Post by tc346 on Apr 25, 2006 16:06:46 GMT -5
Well the other side of the coin is that JPHC shares will still be worth .005 during the exchange, regardless of how much we pay for them. If we pay .001 or .0005. Correct? Shouldn't that be an incentive for buying more at lower prices? And, then why would the mm's have dropped the price rather than raise it? I really don't know. lol Just trying to understand it. What the hell, see you folks later.
I know, I broke my promise and posted again. lol
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Poorboy
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Post by Poorboy on Apr 25, 2006 16:21:08 GMT -5
tc346....I'm in the same boat with you! LOL
J
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Post by tc346 on Apr 25, 2006 16:23:35 GMT -5
I have always tried to be honest and open with this and all boards on which I post. So, in an effort to be straightforward, I will tell you that I sold my shares before the close and do not plan to buy it back at this point. I don't understand what they are up to, but at this point, I'm too skeptical to hold it. So, good luck to all here, and have a nice evening. TC
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same53
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Post by same53 on Apr 25, 2006 17:33:57 GMT -5
Read the post below it spells out everything that is going to happen in the situation we are in now with JPHC from what I have learned..
In answer to many of your questions... (this from one of 150 longs that own MORE than the float combined... 3 billion shares of a 2.5 billion float)
Why the wall? Becuase the news is due out tomorrow, this is the LAST time the shorts will have a chance to TRY to cover. The buying/selling ratio today was 87%, on 1.8 billion shares and it only ended up a tick. Some think that the MM's were acquiring alot of shares, but look at L2 throughout the day... a ton of 900k and 950k share trades were 'painted' which means MM's trading amongst one another, NOT selling.
Also, many in our group bought today, but their buys were painted as sells... there are a FEW MM's short in this and they know that their chances to try to shake the longs are nearly over... tomorrow and thereafter with a FINALITY PR, the game is over.
Take a look HARD at the number of shares traded since January... over 20 billion... and if just 150 out of 2000 shareholders own more than the float...
Where did those shares come from? We have good methodical sources that estimate there is a short of between 2-b billion shares, both with MM's and overseas, and their day is VERY due... very very due.
Becuause this is NOT going to be a merger in the sense of new company, new shares issued, but rather a BUYOUT of between .005 and .01, the MM's cant rely on buying shares from the 'new stock' to repay their shorts.
And imagine if the buyout is .01? No one will sell before then, AND this stock could climb infinately to cover those shorts... especially if JPHC comes out and says...
Due to our CREDIBLE valuation by Evans and Evans, we estimate there are XXXX amount of shorts on the market. The SEC would HAVE to come in and come in hard with a beater stick.
The Doctor ********************************************************* Now for more I found out that I can remember. First anyone who sells for less than .005 is an IDIOT thats how it was put to me in talkable terms.
The deal states .005 is the conversion rate and that is what we will receive 005.
The APO Company just increased their A/S to 25 Billion to account for this transaction. From what I was told there should be no R/S because of this.
No one knows the sharestructure until the 8-K and Merger agreement come out which the 8_K should be out in a few days.
A Divedend still could be announced in the 8-K Filing since it was mentioned in a previous PR. Not 100% sure but it could happen.
Per PR the Shares from the new Company at this point will not be registered which means they are Restricted at this point but that could change in the 8-K coming out in a few days.
If they are restricted then it is like them giving you .005 in a Bank account that you can not touch. The reason for this is to not flood the market with shares. As I stated this may change in the 8-K or the Merger Agreement on may 10.
Now here is the important part that I could make out.
Before the Deal is done which is May 10 right now our shares will have to be accounted for because of the Name Change and Stock # Change. This means the Shorts need Legal Shares and will Drive the price up to get these shares. If no one sells the shares they Drive the price up more.
They cannot do this with Restricted Shares so they have to Cover by the Date the New Shares are issued. This is how I understood everything.
We will have a massive short covering for Legal Shares.
If the price goes up and you sell into it it means you have your money in hand as we all want. I hope this helps, I see this as a Good thing. Re read the Dr Who Post again.
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Post by y0cool on Apr 25, 2006 18:25:06 GMT -5
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Post by sl252525 on Apr 25, 2006 18:35:40 GMT -5
eagle can you please confirm what same has stated with JPHC in his last post. I dont want to get burned here. It does seem to me that same has been right on with all of his other posts about JPHC and also could this stock go above .005 what do u think. thanks again for all of the input on this
SL
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same53
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Post by same53 on Apr 25, 2006 18:47:41 GMT -5
One Explanation
By: jmoove 25 Apr 2006, 05:50 PM EDT Msg. 47556 of 47558 (This msg. is a reply to 47555 by HC.) Jump to msg. # Exactly, I dont see why people are bashing this. The 8-k says it all. Its an adjustable conversion. no matter what the price of APOA we still get .0050 for our shares. If the avg price of APOA on the date of conversion is .01 then for every 2 shares of JPHC we get 1 of APOA. It doesnt matter what the price of APOA we still get .0050 for our shares, the lower APOA goes the more shares we get of it. This is the best deal out there, Im buying more tomorrow and im avgd in the 7 range now. People bashing this stock need to learn how to read an 8-K
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Poorboy
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Post by Poorboy on Apr 25, 2006 20:07:10 GMT -5
hi same53...I just read the 8-K...sounds good to me!
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Post by aquapurity on Apr 25, 2006 20:14:06 GMT -5
Does this definitively mean that the converted shares from JPHC to APOA will be restricted for, effectively, two years? I would appreciate an educated opinion on this. Many thanks. www.sec.gov/Archives/edgar/data/1076607/000114420406016747/v041190_ex10-1.htmSECTION 1.08 RESTRICTIONS ON RESALE The Issuable Shares will not be registered under the Securities Act, or the securities laws of any state, and absent an exemption from registration contained in such laws, cannot be transferred, hypothecated, sold or otherwise disposed of until; (i) a registration statement with respect to such securities is declared effective under the Securities Act, or (ii) PARENT receives an opinion of counsel for PARENT that an exemption from the registration requirements of the Securities Act is available. The certificates representing the number of Issuable Shares into which the TARGET Common Stock shall have been converted pursuant to this Agreement shall contain legends substantially as follows: “THE SECURITIES WHICH ARE REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNTIL A REGISTRATION STATEMENT WITH RESPECT THERETO IS DECLARED EFFECTIVE UNDER SUCH ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE COMPANY THAT AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT IS AVAILABLE.”
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Post by Islandtime on Apr 25, 2006 22:40:21 GMT -5
No offence to anyone but when a group owns more than the float? as stated on this board! It would be simple to manipulate this stock and trade it together as a group and controll some of the way the PPs will go? Hince the 25% drop/profit taking late in the day!! If one group own's more than the float? who else could of dropped it that much? after watching L2 all day, The MM's IMHO were not selling that much?? IMHO A shake I can see? but if they'er is a group that owns that much they know what the others are doing? If they are indeed a group. They would be working together I would assume.(smart way to make big bucks) 25% is alot if you own 3 billion shares? just a thought!! Island
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