American Way Reverse Split Squeezes Shorts The following is an excerpt from a press release issued on April 6 by the American Way Business Development Corp. (OTC: AWYB): “…anyone currently shorting or planning to short [AWYB; formerly AWBV] stock are doing so at their peril. Entities and/or individuals engaging in this insidious practice will undoubtedly bear the full brunt of every available resource at the company's disposal.” With that in mind, American Way underwent a 1 for 5,000 reverse stock split that became effective yesterday amid controversy. If investors are starting to wonder if this stock appears to be a mirror image of Paivis Corporation (OTC: PAIV), you are probably on the right track as there are similarities. But there needs to be some concrete evidence of some mishap or potential misconduct of how the shares were distributed. That smoking gun is a confirmation by the Securities Transfer Corporation of Texas, which shows the latest data just moments ago of 3.698 million shares currently outstanding, with 60 billion authorized. With over thirty million shares traded yesterday and the price up dramatically, and similar action in today’s trading session, one has to wonder whether shares were sold short prior to the reverse split and must now be bought to cover those short positions to make sure there is a fair and equitable distribution of the reverse split shares.
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