.23/.24 needs to break the resistance at .26
Posted by Fuzzy1018 on :
nice dip here before the next leg up imo .21/.22
Posted by Fuzzy1018 on :
shakin' some out here
Posted by Fuzzy1018 on :
movin' back up now
Posted by PCola77 on :
If this gets back to $1 and stays there until I get my restricted shares free trading, I'll buy the board a round of drinks Posted by Hannibull on :
0.31
I suppose it was needed for a stock that went down 98% after its RS
Posted by PCola77 on :
98% is an understatement. It actually bottomed out at -99.8% at 12 cents.
(.12/[.285*200])
Posted by Fuzzy1018 on :
closed at HOD at .34
Posted by Hannibull on :
yeah, my shares were worth $60,000 at one point, now $128.44 i see on my streamer lol
Posted by Fuzzy1018 on :
Pcola, well I doubt if we'll make any $$$ on the restricted, but today was a great start to a run for sure. Huge volume and great close definatly a gapper tom imo
Posted by J_U_ICE on :
Paivis Corp. Signs Letter of Intent to Acquire Detroit Phone Cards, Inc., a Profitable Prepaid Cellular and Prepaid Long Distance Card Company Acquisition Would Add $30,000,000 in Revenue to Paivis Corp.; Acquisition Would Put Paivis in Higher Margin Prepaid Cellular Business; Acquisition Will Expand Distribution Channels; Acquisition Should Improve Infrastructure Efficiency Aug 2, 2007 4:17:00 PM ATLANTA, GA -- (MARKET WIRE) -- 08/02/07 -- Paivis Corp. ("PAIVIS" or the "Company") (OTCBB: PAVC) is pleased to announce that it has entered into a Letter of Intent (LOI) with Detroit Phone Cards, Inc., a private eastern-based United States corporation that generates approximately $30,000,000 in revenue to acquire 100% of its outstanding stock. The transaction is subject to due diligence, the usual and customary conditions, and entering into a definitive agreement. In accordance with the terms of the LOI, Paivis would purchase 100% of the outstanding shares of its stock in exchange for stock and cash.
The target acquisition company generates approximately $6,000,000 annually in prepaid cellular phone revenue. The balance of revenue, approximately $24,000,000, is from the sale of prepaid long distance cards.
The Company expects that upon a successful closing this acquisition will add earnings to the Company's income statement. Paivis management anticipates this acquisition will improve its infrastructure and therefore provide costs savings and eventually increase margins.
Rami Chahine, President and Chief Executive Officer of Detroit Phone Cards, Inc., commenting on this proposed acquisition said: "We are excited about joining the Paivis team and look forward to getting the Definitive Agreement signed."
Gregory L. Bauer, President and Chief Executive Officer of Paivis, commenting on this proposed acquisition said: "We are excited about all of our acquisition prospects, but this particular acquisition puts us into the prepaid cellular service business, which gives a high margin business line to expand upon and increase our potential for quality earnings. The combination with this business also expands our revenue base in the prepaid card business and brings additional infrastructure that will develop certain positive economies of scale. We look forward to completing this transaction and providing more growth and value to our shareholders."
The recently executed LOI stipulates that the parties will work in good faith to execute a definitive agreement as soon as possible, the purchase price will be a combination of stock and cash final terms will be disclosed in the definitive agreement. Paivis has also agreed to provide working capital financing as part of the transaction.
About Paivis Corporation
Paivis Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards; these calling cards are currently in approximately 5,000 retail outlets in the U.S. Current retail distribution reaches over 5,000 locations, generating approximately $7 million in annual revenue. Paivis is poised to increase this distribution each month.
Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7 Eleven, and Chevron and marketed through important distribution agreements. Paivis focuses on marketing its phone cards to many ethnic communities that generate high levels of international traffic. The cards provide access to more than 230 countries.
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PLSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
Contact: Paivis Corp. Greg Bauer Chief Executive Officer Phone: 404-601-2885 www.paivis.com Posted by PCola77 on :
Mine weer worth over $1million lsat fall. Now $7850. If I could really sell for that much, I could probably say I've never been happier to lose like 25% on a trade.
quote:Originally posted by Hannibull: yeah, my shares were worth $60,000 at one point, now $128.44 i see on my streamer lol
Posted by Fuzzy1018 on :
Great news 50c easy today imo
Posted by Fuzzy1018 on :
wow early shake here, but not many selling
Posted by Fuzzy1018 on :
.28/.295 now
Posted by lostone on :
quote:Originally posted by Fuzzy1018: Great news 50c easy today imo
50 cents!?!?!??! what are u smoking? i want some too.. lol
Posted by Fuzzy1018 on :
quote:Originally posted by lostone:
quote:Originally posted by Fuzzy1018: Great news 50c easy today imo
50 cents!?!?!??! what are u smoking? i want some too.. lol
I like wha I'm smoking lol, talk to me at eod
Posted by lostone on :
with a PR of letter of intent, i doubt they will run it that high.. and 50 cents is about 80% away from where it is now.. i suppose it's not too far fetched, but i doubt it..
Posted by Fuzzy1018 on :
good buy opp here imo .27/.29 now
Posted by Fuzzy1018 on :
need more buying pressure
Posted by Fuzzy1018 on :
shake over, volume coming in now
Posted by TUTTY on :
ameritrade wont let me buy shares of this, whats the deal???
Posted by Fuzzy1018 on :
something is up, this is about to break out
Posted by Fuzzy1018 on :
watch for a big jump after breaking the resistance at .35
Posted by tompom on :
right her with you guys in at .30
Posted by TUTTY on :
can anyone else NOT buy shares with ameritrade? it won't let the order go through...
Posted by tompom on :
i´m not using americrap
Posted by lostone on :
quote:Originally posted by TUTTY: can anyone else NOT buy shares with ameritrade? it won't let the order go through...
when they do this, they usually claim they're protecting you
Posted by hedfe on :
isnt paim related to this one or something
anyhow thats the one thats on fire Posted by hedfe on :
holy chit im pissed was gonna buy paim at .0021 but choicetrade wouldnt let me buy now look at it
Posted by TUTTY on :
is there any alternative, or something to change in ameritrade settings for it to let me buy this stock?
Posted by lostone on :
quote:Originally posted by TUTTY: is there any alternative, or something to change in ameritrade settings for it to let me buy this stock?
call them..
Posted by PCola77 on :
Best bet is to have more than one broker. But no, there is on alternative if you only have ATrade for this one. Try calling, but I don't think that will work.
Posted by Fuzzy1018 on :
watch it .33/.34
Posted by 636rider on :
why wont scottrade let me buy?????
Posted by Fuzzy1018 on :
for the same reason choicetrade didn't let me buy paim at .001 freaking suckers Posted by Fuzzy1018 on :
i think they are screwed .335/.34
Posted by Fuzzy1018 on :
ask being bombarded
Posted by tompom on :
strong like a bull now Posted by Fuzzy1018 on :
new HOD .35/.36 now
Posted by Fuzzy1018 on :
will this baby go to $1 like last big run
Posted by Fuzzy1018 on :
something big coming early next week imo big boards?
Posted by Fuzzy1018 on :
.33/.34 now
Posted by Fuzzy1018 on :
unreal friday selloff
Posted by Fuzzy1018 on :
shook many outta their shares in the last 15mnts
Posted by lostone on :
quote:Originally posted by Fuzzy1018:
quote:Originally posted by lostone:
quote:Originally posted by Fuzzy1018: Great news 50c easy today imo
50 cents!?!?!??! what are u smoking? i want some too.. lol
I like wha I'm smoking lol, talk to me at eod
Uh-Ok.
Posted by lostone on :
quote:Originally posted by lostone:
quote:Originally posted by Fuzzy1018:
quote:Originally posted by lostone:
quote:Originally posted by Fuzzy1018: Great news 50c easy today imo
50 cents!?!?!??! what are u smoking? i want some too.. lol
I like wha I'm smoking lol, talk to me at eod
Uh-Ok.
welp, i hope people didn't lose their money thinking this would go 50 cents in short term
Posted by Fuzzy1018 on :
low volume today. MM's holding it down with big spreads imo should go soon .215/.24 now
Posted by J_U_ICE on :
Paivis, Corp. Signs Definitive Agreement to Acquire Detroit Phone Cards, Inc., a Profitable Prepaid Cellular and Prepaid Long Distance Card Company Acquisition Will Add $30,000,000 in Revenue to Paivis, Corp.; Acquisition Will Put Paivis in Higher Margin Prepaid Cellular Business and GSM Cellular Business; Acquisition Will Expand Distribution Channels; Acquisition Should Improve Infrastructure Efficiency Oct 5, 2007 7:53:00 PM ATLANTA, GA -- (MARKET WIRE) -- 10/05/07 -- Paivis, Corp. ("PAIVIS" or the "Company") (OTCBB: PAVC) is pleased to announce that it has signed a definitive agreement with Detroit Phone Cards, Inc., a Detroit, Michigan-based company ("DPC") that generates approximately $30,000,000 in revenue (unaudited) to acquire 100% of its assets.
DPC generates approximately $6,000,000 annually in prepaid cellular phone revenue through its O-Mobile brand. The balance of revenue, approximately $24,000,000, is from the sale and distribution of prepaid long distance cards.
The closing date is planned for October 31, 2007 or later if extended by mutual agreement. The closing of the acquisition of DPC is subject to completion of a financial audit and other conditions. Paivis has also agreed to provide working capital financing as part of the transaction. For more specifics on the terms and conditions of the acquisition see the definitive agreement which will be filed with the Securities and Exchange Commission within the required timeframe.
Commenting on the completion of the definitive agreement, Edwin Kwong, Paivis, Corp., Interim Chief Executive Officer, said: "We are very pleased to have reached the definitive agreement stage with DPC. This acquisition not only increases our revenue base and earnings potential, but also expands our distribution and business lines into the GSM Cellular space, through the DPC Get Mobile subsidiary. Additionally, upon closing we will immediately gain cost savings that should add to the bottom line. We look forward to closing and providing more growth and value to our shareholders."
Rami Chahine, CEO, of Detroit Phone Cards, stated: "We are thrilled about the completion of our definitive agreement with Paivis. Joining a public company such as Paivis is a tremendous step forward for our company. We believe together we can build a formidable operation to take advantage of the prepaid space. We plan to work closely with Paivis to close the transaction, immediately commence our integration and begin building value as one company for all our shareholders."
About Paivis Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7-Eleven, and Chevron.
About Detroit Phone Cards, Inc.
Headquartered in Dearborn, MI. Detroit Phone Card, Inc. ("DPC") was established in September 01, 1997 as a leading provider of long distance, wireless, point-of-sale and carrier services. Always putting our customers first, we deliver reliable access to advanced, affordable telecommunications products and services that meet their needs at home and around the globe. Currently, our prepaid wireless and calling card products reach consumers through more than 2,000 locations nationwide. We serve more than 30,000 wireless customers and generate over 50 million network minutes per month, with an employee team of 30 people. More info on DPC can be found at the Paivis.com website.
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PLSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
Contacts: Paivis Corp. Edwin Kwong Interim Chief Executive Officer Phone: 404-601-2885 www.paivis.com Posted by J_U_ICE on :
PAVC Executes Definitive Agreement to Acquire AAAA Media Services, Ltd., a Leading Distributor of T-Mobile, AT&T and Boost Prepaid Wireless Cards October 5, 2007 - 11:29 PM Acquisition Will Add Approximately $36,000,000 in Revenue to Paivis, Corp. and Increase Lines of Business Paivis, Corp. ("PAIVIS" or the "Company") (OTCBB: PAVC) is pleased to announce that it has signed a definitive agreement to acquire 100% of the current assets of AAAA Media Services, Ltd., a Georgia-based company ("A4"), that generates approximately $36,000,000 (unaudited) in revenue.
A4 is one of the leading distributors of T-Mobile, AT&T and Boost Mobile prepaid wireless products. A4 distributes these products amongst others through their master dealer agreements to over 7,000 locations in the continental United States.
The closing date for this acquisition is planned for November 15, 2007. The closing of the acquisition is subject to completion of a financial audit and other conditions. Paivis has also agreed to provide working capital financing as part of the transaction. For more specifics on the terms and conditions of the acquisition see the Definitive Agreement which will be filed with the Securities and Exchange Commission within the required timeframe.
Commenting on the completion of the definitive agreement, Edwin Kwong, Paivis, Corp. Interim Chief Executive Officer, said, "We are very excited with the signing of this definitive agreement. This acquisition will boost our revenues tremendously and provides a natural extension to our current business model with the introduction of prepaid cellular products. We are glad to be able to bring this additional value to our shareholders upon closing."
Virasack Tiger Athakhanh, CEO of AAAA Media Services, Ltd., stated: "We have been seeking to expand our business for quite some time and we can now do so as part of Paivis, upon closing. We are now poised for growth as part of a very robust prepaid company."
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7-Eleven, and Chevron.
About AAAA Media Services, Ltd.
AAAA Media Services, Ltd. ("A4") is a leader in the wholesale and retail distribution of prepaid wireless services, specifically airtime cards for companies such as T-Mobile, Cingular and Boost. Based in Doraville, Georgia, A4 has developed a nationwide distribution network that comprises Wholesalers, Jobbers and direct retail establishments. For more info on A4 please visit the Paivis.com website.
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PLSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
Contacts: Paivis, Corp. Edwin Kwong Interim Chief Executive Officer Phone: 404-601-2885 www.paivis.com Posted by J_U_ICE on :
Trustcash Holdings Inc. to Acquire/Merge With Paivis, Corp., a Prepaid Telecommunications Services Company Oct 6, 2007 12:24:00 AM 2007 *********wire, Inc. NEW YORK, Oct. 6, 2007 (PRIME NEWSWIRE) -- Trustcash Holdings Inc. ("Trustcash or the Company") (OTCBB:TCHH) announces that the Company has signed a Term Sheet with Paivis, Corp. ("Paivis") whereby we have outlined the terms of an acquisition/merger wherein we would have the right to acquire all of the issued and outstanding Common and Preferred shares of Paivis; on a share for share basis. The completion of the acquisition is subject to amongst other things the completion of legal and financial due diligence, acceptance of a mutually acceptable financing of no less than $6,000,000 and the signing of a definitive agreement on or before October 15, 2007.
Greg Moss, President and CEO of Trustcash, commented: "We at Trustcash realize that together, Trustcash and Paivis could become a powerful prepaid organization. As a result we are making an aggressive offer to the Paivis shareholders. We feel confident this merger transaction will close and will benefit both our shareholder groups."
About Paivis
Headquartered in Atlanta, GA, Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7-Eleven, and Chevron.
Paivis is currently generating approximately $10,000,000 in annual run rate revenue. New management have identified expenditures in several areas of the operation that can be reduced and/or eliminated to quickly turn positive cash flow. In addition, management have implemented a plan that will build upon the current operations to significantly increase both revenues and profitability.
Specifically, Paivis recently entered into definitive agreements to acquire both Detroit Phone Cards Inc. and AAAA 4 Media Services, Ltd. These acquisitions will lay foundation for the expansion of Paivis' existing prepaid calling card business and the introduction of new but related business lines that Paivis believes will result in a significant increase in revenues. To find out more about Paivis, Detroit Phone Cards Inc. and AAAA 4 Media Services, Ltd. please go to www.paivis.com .
About Trustcash
Through its Trustcash brand and website www.trustcash.com , the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card (both virtual and physical) that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash has initiated relationships with more than 500 merchants as well as thousands of retail outlets, and utilizes a proprietary technology and processing system which supports secure and private payments. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PLSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. TRUSTCASH intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause TRUSTCASH actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in TRUSTCASH annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
CONTACT: Trustcash Holdings Inc. Investor Relations Harvey Goralnick 212-755-4884
Anyone watching this today? My darn shares are restricted so I am just watching it bounce up past 70% at times.
Posted by Fergy on :
Anyone here a member of the hotstocks forum? If so please pm me asap. Thanks.
Posted by T e x on :
I won't PM you, but I posted this a possible day-runner in that thread on Hot Stocks...wassup?
lol, that didn't come out right--I *might* PM you...but would prefer not to on stock-talk unless there's a problem...
so...back to...wassup? Posted by Fergy on :
Your box is full man.
I am just trying to get a hold of some of the old JPHC people to discuss the developments. They haven't activated my account over there yet and I want to talk with people that might have good insight.
Fergy
Posted by T e x on :
ooops... sorry Posted by T e x on :
deleted some...
Posted by Hannibull on :
just got my "jphc" restricted PAIV shares, but the form says I'll have to pay $250 to cash them in, is this normal?
Posted by PCola77 on :
What broker? If it's $250 from the broker it's another $250-$300 for a lawyer to certify the shares.
Posted by Hannibull on :
TD Ameritrade
Posted by Fergy on :
For those that are now able to sell their restricted shares, how long did it take from when the legal opinion letter was issued to when your broker allowed you to sell? TIA.
Posted by Fergy on :
Anyone able to respond to my question? (see right above).
Posted by PCola77 on :
Fergy, I saw your question over the weekend, but honestly can't remember the timing at all. There was so much sh*t that they put you through, and so many phone calls and stuff. But since you seem to want at least some response, I *think* once the legal opinion letter was done it was a week or less, but I could be totally mistaken. Hope that helps.
Posted by Fergy on :
Thanks PCola. It certainly has been frustrating. I got my legal opinion nearly 2 weeks ago then my broker says they didn't received so I forward my copy to them and then they keep saying it is in transition. Bunch of morons. Sorry needed to vent. I'm good now. I just don't want to miss out if there is a run up of some sort.
Posted by wildweb on :
Paivis, Corp. Commences Valuation Process for Its Planned Merger With Trustcash Holdings, Inc. Market Wire - October 29, 2007 3:16 PM ET
Related Quotes Symbol Last Chg PAVC Trade 0.089 -0.016 TCHH Trade 1.49 -0.17 Real time quote.
Paivis, Corp. ("PAIVIS" or the "Company") (OTCBB: PAVC) today announces it has begun the process of valuating the Company and its common stock on price/share basis.
Trustcash Holdings, Inc. ("Trustcash") has offered $1.30/share for every Paivis common share on a share exchange basis amongst other terms and conditions as per the Term Sheet with Paivis dated October 5, 2007. The valuation process is a requirement under the planned merger with Trustcash. This valuation will be undertaken by an independent valuation firm engaged by the Company.
Edwin Kwong Interim CEO of Paivis, Corp. commented, "We are commencing the valuation process with the goal in mind of moving the merger transaction to the next stage and ultimately getting the best price/share for our shareholders from Trustcash. We are confident with all of the positive developments the Company is involved in that the valuation process will yield positive results."
Posted by Chad on :
I have my stock certificate for the restricted shares and am wondering if I should go to Scottrade, my broker, to have them put into my account or is that even possible? do I have to wait til next yr when there unrestricted to do this?
Also, if this merger goes thru, do all us people that have restricted shares get that price per share that they listed??
any help is appreciated!!!!!!!!!
Posted by Chad on :
bumper
Posted by Chopper on :
Paivis, Corp. Announces Price Valuation Range Finalized at $0.54 - $0.60/Common Share
ATLANTA, GA, Nov 29, 2007 (MARKET WIRE via COMTEX) -- Paivis, Corp. ("PAIVIS" or the "Company") (OTCBB: PAVC) today announces that the price valuation of the Company has been finalized at a range of $0.54 - $0.60/common share. The pricing analysis is based principally on a comparative assessment of the future revenues and cash flow of Paivis, inclusive of its recently announced acquisition agreements. With the price valuation range now final, the Company will move forward to complete its negotiations with its merger candidate Trustcash Holdings, Inc. ("Trustcash").
The Term Sheet between Paivis and Trustcash signed on October 5, 2007 and filed with the Securities and Exchange Commission on October 15, 2007 had a purchase price for each Paivis common share for $1.30 in Trustcash preferred stock subject to an independent price valuation (See the Term Sheet referred to above for the initial terms and conditions of the planned merger). Even though the price valuation produced a range less than the $1.30 that management believes the Company's common stock is worth under the Term Sheet, management will negotiate aggressively to get the best price/share for the shareholders in the anticipated merger.
Although there is no guarantee of the results of the negotiations the Company will work hard to achieve an agreement with Trustcash that is reflective of the above pricing range as well as the intangible benefits and business opportunities Paivis brings to the merger.
Edwin Kwong, Interim CEO of Paivis, commented: "We believe our market price reflects an undervalued company and will pursue an agreement that maximizes value for Paivis' shareholders. We look forward to completing negotiations and executing the Definitive Agreement with Trustcash imminently."
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7-Eleven, and Chevron.
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements. Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
for give me, but Im not to bright on all this, what does this mean for us Paivis shareholders? most importantly, the ones that still have restricted shares?
![[Smile]](smile.gif)
50c easy today imo ![[Embarrassed]](redface.gif)
![[Big Grin]](biggrin.gif)
![[Frown]](frown.gif)