|
|
Post by briguy331 on Aug 14, 2007 14:46:58 GMT -5
I was showing shares of the restricted PAVC in my Ameritrade account. Now they are gone again. Checked my history, and it said "returned to client"? Anyone else see this? I am gonna call Ameritrade and see whats up. This crap is never ending huh?
|
|
|
|
Post by christerina on Aug 14, 2007 15:10:34 GMT -5
Update when you can pls.
|
|
|
|
Post by bernie on Aug 22, 2007 10:40:32 GMT -5
What did you find out from Ameritrade? Anyone know anything?
|
|
|
|
Post by briguy331 on Aug 22, 2007 18:40:21 GMT -5
Nothing yet on my end. I called a couple times just to be on hold forever. I will keep trying, my time has been somewhat limited though...
|
|
|
|
Post by bernie on Aug 23, 2007 14:16:24 GMT -5
I spoke to Ameritrade and sas told that Pavis decided that the shares could not be traded and were restricted for a further period of time bu that just this last week or two they rescinded that and that because of the retriction, Ameritrade could not show it in my account. They, therefore, are sending me back my certs and in order to trade them I will have to pay $250 to do so. Now, I ask you who are the crooks? Is it really Ameritrade or did Pavis actually keep this restricted for a longer period of time than they originally stated? Do you think because everyone was selling, they wanted to stop it. What do you all think? SAME53 or anyone -- What do you think we are looking at long term with Pavis? Should I hold the certs and hope for better days.
|
|
|
|
Post by briguy331 on Aug 23, 2007 15:00:17 GMT -5
Bernie, I remember them telling me that a while back, about the 250 dollars. I figured that it would not be beneficial for me to do that, simply because I only hold around 550 dollars worth. Im chulking this up as a loss, and will continue to follow in hopes that in a year or so I will get back my investment. But things look grim at this time. Im not giving the TA 250 dollars, thats just plain BS!
|
|
|
|
Post by bernie on Aug 23, 2007 15:50:49 GMT -5
Me too Brian - I own about $550 worth as well. Do you have any idea what all this is about? Ameritrade blames it on Pavis because they extended the restriction and according to Ameritrade they then were required to send the certs. Anyone know the real story? Also, I haven't seen any certs yet. I guess I will add them to the CMKX certs when I get them.
|
|
|
|
Post by briguy331 on Aug 23, 2007 19:20:14 GMT -5
Hey Bernie, I'm not really sure? Seems to me there is a blame game going around. TD Ameritrade at one time in the beginning was issuing shares that were not supposed to be traded, the shares were restricted. And I know there was a mess to clean up with that. Once everything was corrected, they were blaming the first TA for all the lagging issues with getting the certs out to the shareholders of record. Then that TA was let go, and then another TA took over, and they were supposed to correct everything and get it all strait. Now it seems that things are still in the air and Ameritrade is blaming this TA for not getting it done. If you want MHO, the shares are short, not enough to cover the positions of the shareholders of record, and they are trying to figure a way to clean up the mess without causing a squeeze. I think they are all in this together and are trying to not get caught with their pants down. I really wish the company would step in and do something about this. The books need to be opened and exposure should be allowed, but we all know that will never happen. Something is very wrong, its well past a year since the shares were restricted, we were only supposed to wait one year before we could actively trade these shares on the open market. It pisses me off that we are here suffering, not knowing whats going, nor able to get back our money to at least break even. All the while they want t point fingers. I think a class action lawsuit should be under works if you ask me.
|
|
|
|
Post by briguy331 on Aug 23, 2007 19:20:58 GMT -5
Bernie, did you ever get certs? I have not received a thing.
|
|
|
|
Post by bernie on Aug 24, 2007 8:47:38 GMT -5
No nothing Brian. Ameritrade swears they are "in the mail" and that we will see them in a week of so, but I don't believe it. This all stinks. Ameritrade did say that they were the ones sending the certs, not the TA, because they were showing in our accounts for a while. What sucks, as you said, is that they were in our accounts and not tradeable, then they were supposedly sent in certs because they weren't tradeable , and now according to Ameritrade, Pavis has changed their minds and is allowing trading so this cert transfer was all unnecessary. Meanwhile, we have to pay that $250. What a bunch of crooks. I would imagine that they know darn well most shareholders will not pay the $250 to trade a few thousand shares of this. Doesn't stuff like this just burn your chaps? We are definitely not getting the full story. What a bunch of crooks and darn thing is I don't know who the crooks are: Ameritrade, the TA or Pavis, or all three.
|
|
