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[QUOTE]Originally posted by DivotDog: [QB] also from ihub Update -- August 4, 2006 (**************.com) -- There is never a dull moment where Paivis is concerned. Like many investors and critics, we find ourselves wondering at the eventual outcome of this downright bizarre situation that involves massive FTDs, undelivered buyout shares, and outrageous price oscillations. Following a 1:200 reverse split effective August 4, PAIV reopened as PAVC and began trading at $6.05 per share. The stock posted an intraday gain of 32.2% on moderate volume, closing at $7.10. But this particular reverse split included a free share giveaway that saw some investors cashing in with overnight gains of up to 1,000%. In addition to being the single most shorted stock in the OTC (7/26 Short Interest Report), the terms of PAVC's 1:200 reverse split were also quite unique. In an August 3 press release and 8-K, Paivis specifies, "There will be no fractional shares issued under the consolidation; therefore all fractional shares will be rounded up to the next whole share. Also, any shareholder holding less than 100 shares post split shall be rounded up to 100 shares." Cha-Ching. Essentially, Paivis gave away up to 99 free shares to anyone holding less than 100. For example, an investor holding 1,400 PAIV shares (worth $84 pre-split), received 7 PAVC shares plus an additional 93 shares free of charge (worth $800 at Friday's high of $8.00). The example described above would have yielded this lucky investor an instant 850% gain. For a stock that has already posted gains in excess of 25,000% since May, this "squeeze of a lifetime" continues to deliver substantial profits for some retail shareholders. Alas, only a few fortunate traders whose brokers freely complied with the terms of the company's 8-K were able to sell their free shares during Friday's session. Many brokers, including Fidelity, refused to issue the additional shares - telling customers "we will update your account when the shares are delivered." One Fidelity customer reported the full-service broker said it might be 2 - 6 weeks before the round-up is credited to his account. What the share price will be at that time is anyone's guess. However, ************** notes the possibility exists for customers who sold shares on Friday to encounter short cover scenarios if the promised shares are not delivered to brokers in a timely fashion. Such an occurrence would not be the first in this unpredictable, often confusing drama. The overall short position is now rumored to be as high as tens of millions of shares, on an assumed post-split float of just 150,000. ************** is hesitant to make any assumptions on what this latest development means for current shareholders. As of this writing, there are precious few provable facts, and no clear resolution yet in sight. Note: ************** continues to urge our readers to proceed with caution should they choose to trade this stock. With powerful market forces creating extreme volatility, the opportunity for profit is countered by extreme downward pressure. Recent intraday gains and losses in excess of 40% make this a stock best suited for experienced investors and day traders. Aug 3: Paivis, Corp. Announces Effective Date of Reverse Split and New Ticker Symbol PAVC July 19: Ant & Sons: Paivis Corporation: The Ultimate Penny Stock Short Squeeze June 29: Paivis Provides Information Regarding the Exchange and Delivery of Shares May 25: Feature Story: PAIV "Phantom Shares" Debacle Unresolved [/QB][/QUOTE]
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