LOL...Anybody catch this...UM are these guys holding and dumping? If not, are they really that dumb? Notice what is outlined in bold. They are claiming PAVC opened with a GAIN?? LOL....UM, sorry, but PIAV closed at I think .061, meaning the next day, to open EVEN, PAVC had to open at $12.20. If I am correct, I think it opened at $6ish, or down 50% and I think closed around $7ish, meaning it did NOT have an intraday gain. In fact, it had a HUGE intraday loss! Pre, split, it is now at .035 or so, and for those that bought a week or so ago, that means HUGE losses in a very short time. LMAO, so how does infinitistocks.com CLAIM FALSELY the stock opened as PAVC with a 32% gain, when it actually was down about 40% or so on the day, meaning they are quite a bit off. This is too funny...they say it had a 32% gain, when in fact it had a 40% loss...yep, these guys are really on top of things....to make that kind of an error is almost too hard to believe. Are they really that dumb that they think it went UP 32% when it is a fact it went down 40%? Can that site be that dumb, or do they have ulterior motives? Why is everybody pushing this bogus short covering B.S. - The poster on IV has some very good insight as to why there will be no short covering, why there will be no buyers and only sellers. Reading the posts, I have to agree. IF there was to be huge short covering from here, the MM's would NOT be able to hold it down..that much short covering would have every investor on the planet trying to buy in, because they KNOW a huge short postion has to be covered. The person on IV explained why no short covering has to or will happen and I have to assume he/she is right because anybody could have bought pavc on this news of massive short covering HAVING to take place in the next week, but nobody did buy did they? Anyway, thought this was funny......people are really pumping this stock hard and I wonder if infiniti has any paiv or pavc shares...Are they playing the stock? If not, then they are really showed how dumb they are as how can anybody claim a 32% gain, when a 5th grader knows it was a 40% loss. Plus, I notice they keep pumping the % gain the stock has had and yes I do admitt that from the bottom it has had very good gains.....but facts are facts....it DID have a mmassive % gain, but since that massive % gain, it has fallen 85% and I notice they did not bother mentioning that little tidbit....or the fact that after filing for the split, the TA and the company were hounded for answers and they LIED and said there will be NO SPLIT....they told that to many people, only to lie and do the split with no notice......so, the company and ta both lied to anybody that called and while saying NO RS, they did it anyway...and people want to trust what the company and ta tells them? LOL..The poster from IV had a great point. With penny stocks.. ceo's and ta's can be on the phone with you saying no dilution, while at the same time they are saying that, they are in fact diluting. Why would anybody trust the company.....nothing but lies in the past....looks like nothing but lies are continuing. I also agree with the IV poster in that who in their right mind will buy this stock? And wow, are there ALOT of people long, ready to dump...with no short covering, no buyers and only sellers, as the poster from IV said, this may end very ugly. I dont care if it went up 50,000% or 1,000,000%. Since it's huge rise, it has fallen 85% with non stop pumping and news of huge short covering HAVING to happen...yet no buyers and an 85% drop....I think in the end people will wish they only lost 85%...how many people did not catch the run up and got suckered in to this pump and dump after the huge rise? Alot...This was very unnoticed until the fiasco started....when it caught everybodies attention there were alot of people buying between .10 - .25+ and those people are probably listening to the pumps and averaging down, ensuring even greater losses. Glad I made my very nice profits on this scam in less then 2 days and have not had to worry or stress about what ridiculous games the company is and will continue to play.....I took a quick look at ihubs paiv board...it is quite funny...seems like a bunch of newbies that have no idea whats going on and asking question after question and are following the lead of a few pumpers guaranteeing the world. And the pumpers are spewing more bogus crap then you can imagine....Anyway, as I deal with health issues, at least this is a very entertaining company to watch....
<<Update -- August 4, 2006 (InfinitiStocks.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, InfinitiStocks 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. InfinitiStocks 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: InfinitiStocks 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
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