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I got a letter form Ameritrade after the whole PAIV thing. I had filed a complaint with the SEC. The letter said something to the affect that they were reponsible and that my account will be credited the shares I had sold. Shortly thereafter the shares were back in my account and this time they are not sellable.
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I would be very hesitant on thinking this will be anything like PAIV. There are some important differences here.
1) With PAIV, we knew exactly how many shares there are/were. With PAIM, between the reverse split that wasn't, and the companies endless dilution, no one knows how many outstanding shares there are, but the number is in the BIllions I think.
2) With PAIV there were hundred of millions of shares sold in one day, when the float was only 26 million. It was very obvious that shares were short sold, intentionally or not. The float was suddenly more than 1000 times what it should be. Since we don't know what the PAIM float is, no one can be sure how many shares were "shorted", and from everythign I read, the multiple is no where that amount, so any "short squeeze" would be dampened if not completely eliminated.
3) Many PAIM holders will sell this stock at any chance, given the confusing ways the stock and executives have acted in the past.
4) A lot of people have been so confused by past PRs, the "debenture" issuance, and a number of other things, that they won't be wiling to take a chance on a stock like this for fear of being burned.
5) There was an intial "Short squeeze" on PAIV the first couple of days, from .008ish to .0013, but then a slow drop back into the .0040 range. After that it's taken around 2-3 months for the most recent leg to kick in. If there is really a squeeze on PAIM it may be a while before you even notice.
All in all, I'm not saying don't buy, but I am saying this will NOT be anything close to another PAIV
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PAIM is comical, I too have a billion shares labeled N/A, LOL what a joke, at least these are the free shares left over after a healthy flip or two.
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