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[QUOTE]Originally posted by J_U_ICE: [QB] The BigHub.com Investors Eagerly Await Monday http://www.antandsons.com/microcapnotes.html Thomas J. Catino 4/07/2007 11:54 AM EST Following our exclusive interview with The BigHub.com Inc. (OTC: BHUB) Interim President Darrel Peterson, the company released news Thursday afternoon, telling shareholders among other things, that the company filed and brought current corporate annual reports with the State of Florida. Those updates should take effect and be reflected on the state's website within 3-5 business days. The company also officially announced that its board of directors appointed Olde Monmouth Stock Transfer as the new stock transfer agent of the company. The BigHub.com also mentioned in the late day news release that it expected PinkSheets to update the corporate listing on the company. Yesterday, that information was indeed updated to display the management, corporate address and contact information that has been included in recent news releases from the company. Most importantly, the information confirmed that there has been no share authorization increase since the last 10-Q SEC filing that indicated there were 50,000,000 shares authorized. The number of outstanding shares has yet to be provided, most likely because the company is still waiting for Select Stock Transfer, its former transfer agent, to forward documents to corporate counsel and Olde Monmouth. This should be done by the end of business on Monday and another shareholder update should be issued by the company. Micro cap traders are keenly watching what is an extremely explosive situation surrounding this possibly hijacked shell and what looks to have been a massive amount of unregistered or illegal shares dumped on the open market that might now have to be bought back. The stock brings to mind a couple of other penny stocks that have had significant gains in the past following a massive short squeeze due to issues stemming from irregular trading activity. Let's flashback to July 19, 2006 when shares of Paivis Corp. (OTC: PAIV) doubled to hit $.153 on heavy volume of 48 million shares. If that day's percentage gain was shocking, it was relatively small compared to the unbelievable 15,000% rise the stock had since May 22. The move higher began amid confusion, when on May 22, the company, under a merger agreement issued shares to be received by Jupiter Global Holdings Corp. (OTC: JPHC) shareholders as restricted securities defined by Rule 144. The Depository Trust Company confirmed no allocation of any shares had taken place by them due to the restricted nature of those shares and the fact that the merger shares were not physically received by Depository Trust Company for further allocation. However, judging by the volume of billions of shares being exchanged, it appeared at the time that those shares had been accidentally handed over to customers by certain brokerage firms. On June 29, the company issued a clarification, stating that Jupiter shareholders must surrender their Jupiter common share certificate to the Paivis transfer agent in order to receive their merger shares certificate. All the while, the price began to rapidly increase. The market price began to reflect a massive short squeeze because the merger shares of Paivis were not supposed to be issued. Another company that comes to mind is American Way Business Development (OTC: AWYB) that had some terrific price appreciation starting in September 2006 after it announced a share structure of 12.8 million authorized shares consisting of 10 million shares restricted and 2.8 million free trading shares in the public float. However, because the average volume was increasingly around 5 million shares a day since it had underwent a reverse split, there must have been illegal or so-called "naked short shares" floating in the market place. The heavy trading was probably a result of pre-split shares being allowed to trade or just plain counterfeit shares. Either way, the stock price climbed an estimated 1,000%. What looks to be more of a similar case to that of The BigHub.com Inc. is Bancorp International Group Inc. (OTC: BCIT) which was a victim of corporate identity fraud. In May 2005, there was an illegal attempt to take over the company by Carter Care Inc. by way of a purported reverse merger. Soon after, millions of shares hit the market, but the official printed and issued shares of BCIT never exceeded the 4.89 million shares that actually existed. Though the stock did have a similar percentage gain, the company was ultimately halted by the Securities and Exchange Commission a few weeks later because the securities trading in the name of Bancorp International Group, Inc. were counterfeit. After reading some past cases, and knowing that there is an extremely small amount of shares authorized compared to the daily trading volume of BigHub.com common stock, there are most definitely some pretty nice gains still ahead if you are long The BigHub.com Inc. However, the risk remains that the problem of unregistered or illegal shares might have to be cleared up by a higher authority and that unfortunately might mean a trading halt by the Securities and Exchange Commission in the near future. The author does not have a vested interest in The BigHub.com Inc. (OTC: BHUB), Paivis Corp. (OTC: PAIV), Jupiter Global Holdings Corp. (OTC: JPHC), American Way Business Development (OTC: AWYB ) nor Bancorp International Group Inc. (OTC: BCIT). [/QB][/QUOTE]
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