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Distracted Scientist so if
A brokerage was NSS they would be in deep trouble because there are no certificates to send out, they are counterfeit!
IMO this NSS is and has happened with PNMS.
According to the last CEO message from CEO Jim Finegan
There are approximately 5.6 billion shares outstanding and Fundacion Pan America holds almost four billion shares in the form of PDRs, with this number increasing daily as member convert their shares. The float in PNMS shares is slowly contracting as the conversion process continues.
I wonder what happens DS?
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22394210
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Stocks in brokerage houses are SIPC insured because the broker deals with certificates as though they own them... they can loan or sell your certificates to anyone else, and may not have them to give back to you when they go bankrupt.
On the other hand, certificates that are deposited in the Foundation will always remain in the Foundation, unless the PDR holder cashes in their receipt to withdraw the certificates from the Foundation.
The Foundation is essentially a depository bank account at HSBC Bank (Panama) S.A., which cannot go bankrupt, and legally cannot conduct business with any assets without the approval of the beneficial owner.
Posters forget that EFGO is making money
Posted in Announcements, Investor Relations at 3:23 pm by Andrew Edwards
Management is pleased to announce it has released its 2nd quarter financial results and they have been posted on the Pink Shets website.
Management Comments and Discussion of Quarterly Results:General;
The Company is in excellent shape and well-positioned to continue developing new business opportunities in key sectors previously defined.
Our Cash position has improved significantly through the quarter, with a major contribution from the sale of Global-Vision Holdings for $200,000 late in the quarter. This resulted in an extraordinary gain of $138,934. Importantly, the Company was able to realize a substantial cash gain on the sale of the shell in a very short time frame.
Total assets have increased substantially with our investments in Check 21 China and development of two certified OTCBB shells.
Capital stock outstanding increased to roughly 7.8 billion shares, a great portion of which was used to fund the investments cited above.
Earnings:
Revenue from ongoing operations kept pace with the previous quarter, and total revenue has increased somewhat. This was a combination of some softness in our PayDay loan business, which was compensated by an increase from sales from other subsidiaries.
Operating expenses declined substantially. This is a combination of previously identified cost efficiencies as well as a reduction in web developments costs and advertising.
Earnings from operations excluding the extraordinary gain were just over $110 thousand, demonstrating significant progress against our stated objectives. The Company generated a net profit of over $250,000, which represents a business milestone for the achievements of the Company.
Capital Stock;
The total number of common shares outstanding increased to 7.877 billion shares. Most of this increase was related to the Company’s acquisitions during the quarter.
On April 17th, 2007, the Company also issued 2,000 preferred shares with 20,000:1 super voting rights to Minaco-TradeX Corp. These preferred shares were issued in conjunction with a secured line of credits for up to $600,000, secured by a GSA on Company assets.
Summary;
We are very optimistic about our future, and hope all of our shareholders and stakeholder groups share our sense of enthusiasm as we continue to grow into a diversified financial company.
Dougtexas maybe this is why
Posted by: GoVols1
In reply to: None
Date:8/31/2007 6:59:18 PM
Post #of 62842
Well, I've said it til I'm blue in the face, Michael told me when he mentioned the 10+ PR, to not assume that anything was wrong because the transaction wouldn't be PR'd until every thing was in hardened concrete. And that it would be at least mid September before the progress would be announced. I really wish people would give him the time that he asked for concerning the 10+ PR. And to be honest, many here probably won't grasp the quality of the progress anyway. Most here want a get rich overnight stock that has no downside whatsoever. I've owned this stock since Feb. and have realized that I'm an investor, not a day trader.
Bought some
The businesses along with the Shells EFGO owns are worth a lot more than the SP of .0002 IMO
PepsiMan In what I have
learned an exact time was never put on anything.
With that said it will happen and IMO who ever is still holding their certs should mail them in to IR as stated in the last blog by the CEO.
Time is running out IMO.
****************************************************************
To add to your conversation 4G, actually there is a holiday that is being observed.. People have started early this being Saturday... The reason being that this coming Monday, September 3 marks the 30th Anniversary of Torrijos-Carter, signing of the tract to give over the Panama Canal.. Also this will mark the first day when the canal Amplication (widening--construction) will also start on this day... No physical construction will take place on Monday but alot of pomp and ceremony.. The schools will be closed this Monday, most Government offices will also be closed.. Some businesses will have an option to be open, but by and large most everything will come to a halt... I can already hear fireworks going on all around where I am staying, also I can hear many practicing with drums etc., for the ceremony coming up.. Very noisy....
When Hotstocks wrote the following I do not believe that it is out of harmony with what he wrote... The exchange is being re done as Hotstocks has mentioned... Because of this activity going on which is a big deal for Panama and the history of their nation it would not surprise me if perhaps they will unveil the PDR exchange in say 1 to 2 weeks IMO... This is IMO only... It is not HotStocks fault that he is not here in Panama or he would have known about this ceremony taking place...
Posted by: HotStocks1
In reply to: HotStocks1 who wrote msg# 87953 Date:8/27/2007 1:17:58 PM
Post #of 88555
The exchange has been completely re done. We will see the new Exchange by Sept. 1st.
--------------------------
Posted by: espa
In reply to: HotStocks1 who wrote msg# 88098 Date:8/28/2007 12:51:42 PM
Post #of 88555
are you sure about the first september?
--------------------------
Posted by: HotStocks1
In reply to: espa who wrote msg# 88099 Date:8/28/2007 12:54:30 PM
Post #of 88555
I am not sure about anything but I have been told the new and improved exchange will be up and running by then.
I have no faith in the SHO
Nor any other Governing Agencies
Posted by: Bigdogs
In reply to: Bigdogs who wrote msg# 85740
Date:8/11/2007 2:35:20 PM
Post #of 88554
Also
There is a loophole in the system where MMs can short stocks up to a infinite amount and never have to cover. This is why the sho list is useless because it doesnt include Market makers who do most of the shorting themselves.
There's a rule that the market makers use ... a rule
that only has less than two hundred words in it ...
and that rule allows them to naked short an OTCBB or
Pink Sheet stock into oblivion. It allows them to
literally create, out of thin air, as many shares as
they need, to maintain an orderly market.
"(B) Proprietary short sales
No member shall effect a short sale for its own
account in any security unless the member or person
associated with a member makes an affirmative
determination that the member can borrow the
securities or otherwise provide for delivery of the
securities by the settlement date. This requirement
will not apply to transactions in corporate debt
securities, to bona fide market making transactions by
a member in securities in which it is registered as a
Nasdaq market maker, to bona fide market maker
transactions in non-Nasdaq securities in which the
market maker publishes a two-sided quotation in an
independent quotation medium, or to transactions which
result in fully hedged or arbitraged positions."
This rule allows a market maker to create a share in a
company by simply taking the money from the buyer and
making an electronic entry into their brokers'
account, and the broker then electronically credits
the buyer with one share of that company.
But several things that no one is aware of take place
in this transaction.
1. The buyer thinks that his share actually exists,
but unless he or she has read his account agreement
very carefully, he won't understand that all he did is
give money to someone other than the company and never
got any actual proof of ownership. His certificate,
presumably, is sitting at the DTCC.
2. The market maker filling the order for one share
has the buyer's money, and gave nothing except
electronic acknowledgement of receipt of it ... the
electronic entry in the buyer's account.
One very important thing to understand here, is that
at no point in this process, did the company in which
the buyer 'invested' ever get one single dime of the
money paid by the buyer for that share. There is a
tremendous misconception out there that causes many to
assume that when they buy a share of a company's
stock, the company gets the money.
This is only true if the buyer is buying an IPO, or a
private placement of shares from the company. In any
other sale or purchase of a stock by an investor, the
company does not even see the money.
This is particularly vexing when one begins to
understand what happens in naked shorting situations.
Situations where the provision that allows for naked
shorting to maintain an orderly market is abused.
Understand that whoever is doing the naked shorting is
the one receiving the money. They keep it. For as long
as it is convenient to do so. That is where the abuse
of the rule comes in.
That rule was created to allow for market makers, who
by becoming market makers, agree to 'make a market' in
certain stocks. That means that they will sell you a
share, or buy a share from you, even if there isn't
any available, or there are no other buyers for it.
The Market makers' job is at least partly, to provide
liquidity to the market. In thinly traded securities,
or securities where there is a small public float, the
market makers' ability to naked short is crucial to
the liquidity of the market in that security.
The abuse takes place when the market maker for
whatever reason determines that the market for a
particular security has become "disorderly". Too much
buying pressure, for instance, can cause a price spike
in that security that would have no relationship to
the true book value of the security. The market maker
then determines that he will naked short to fill
orders, knowing that by doing so, the price will not
explode on unusually high demand because he can
literally issue new shares under this rule. The market
maker then waits, with an open naked short position in
that stock, until the buying pressure subsides, and he
can buy enough shares back at lower prices to cover
his naked short position.
The rule does not have any time requirements and that
allows for the market maker to keep a naked short
position open for potentially years. In reality, until
the buying pressure subsides enough for him to buy
back at lower prices however many shares he needs to
fill previously filled orders that make up his naked
short position, it simply stays open, and the money
sits in his account.
Someone is going to ask the question, "So, how big are
all those naked short positions, anyhow?"
There is another provision that says that the market
makers do not have to publish their open naked short
positions. Never. At all. All OTCBB and Pink Sheet
securities can be naked shorted - indefinitely - by
market makers under this rule, and there is no way
that an investor can discover if there is an open
naked short position in a stock he may be interested
in, or even how big that short position is.
So far, the SEC does not see a strong need to correct
this situation, either.
Think about it. There are unlimited amounts of shares
that were never authorized or issued by a company made
available to the unsuspecting investor. They are
authorized and issued by the market makers under this
rule, and the company never gets any money from the
sale of shares created under this rule.
The temptation to abuse this rule is irresistable.
Just do the math. A million naked shorted shares sold
by a market maker at 0.01 (one cent) is $10,000 that
the market maker keeps in his account, and that the
company does not get. At 0.10 (ten cents) the market
maker gets to keep $100,000. Now, that is for each
million shares that the market maker creates.
Under this rule, if a company and/or a group of
shareholders begin to suspect a short position exists
in their security, they can not discover this from any
published source. The price of the stock remains
constant, or goes down, even though there is unusually
heavy buying ... buying that goes on for years in some
cases.
The company thinks that there is someone illegally
shorting their stock in an attempt to ruin the
company. The shareholders think that the company is
illegally printing shares behind their backs and is
scaming them. Eventually, this distrust between the
company and it's shareholders becomes so great that
investors start selling, or the company, already
damaged by a supressed share price, is forced to issue
additional shares into the market because other
collateral-backed loans can not be made with share
prices so suppressed.
This is what the market maker is waiting for ...
sometimes for as long as years. In both cases, the
market maker eventually gets his naked short position
covered, and all it cost was the company's reputation,
the shareholders' money, and the SEC's full
cooperation by allowing this abuse of the rule.
There is a third situation that the market makers
naked short into ... a stock that is a likely prospect
for failure. In that case, they just continue naked
shorting no matter what, keeping the price suppressed,
and eventually the company files for bankruptcy, and
... the company goes out of business, the shareholders
lose their investment ... and the market maker keeps
the proceeds of his continued naked shorting.
A good question for the SEC would be, "Seeing as how
the companies that failed never got the proceeds of
the sale of stock over and above their issued and
outstanding, but the market makers did, isn't the SEC
allowing actual fraud to take place, and condoning it
by the creation and continued existance of this rule?"
Like it or not, the SEC has allowed securities fraud
to run rampant in the OTCBB and Pink sheet stock
markets by simply looking the other way and allowing
the market makers to target the OTCBB and Pink sheet
markets as a source of huge amounts of cash, literally
stolen from investors by the third party creation of
shares by an entity other than the the issure - the
company.
This rule is nothing less than blanket permission by
the SEC for market makers to become the issuers of
company stock, no matter what the company's official
authorized and issued amounts are.
And that, my friends and fellow investors, is
securities fraud on a scale almost beyond
comprehension.
Isn't capitalism great.
One way to fight back on this is to email all the members on the House Committee of Financial Services (click link below). They oversee the SEC. We need 1000's of emails going to the Chairman of this Committee, all memebers for that matter, stating that this corruption must stop!! Come on people let's stand up for something and fight back on this. It will take a herculean effort to make our voices known. The next Chairman will probably be Barney Frank so maybe we can make a difference with a new Chairman.
http://financialservices.house.gov/index.asp
MARKET MAKERS ARE OUR COMPETITORS ON THE STOCK EXCHANGES - THEY ARE TRYING TO GET YOUR MONEY. UNDERSTAND THAT? THE MARKET MAKERS ARE NOT INNOCENT & CASUAL INTERMEDIARIES, THEY REPRESENT YOUR OPPONENT ON THE PLAYING FIELD HERE.
causeimdaddydamnit great Facts thanks
The intent of my recent series of posts was to show that The Fundacion Pan America is registered via the Public Registry in Panama.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22504431
This is no inconsequential thing, as the Public Registry VERIFIES and RECORDS LEGALLY ENFORCEABLE BUSINESS TRANSACTIONS, including REGISTRATION OF THE CONSTITUTIONS of businesses and PRIVATE FOUNDATIONS, making them also legally enforceable.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22507311
Articles of incorporation (CONSTITUTION) must be executed before a Notary and then the company must be represented by an AGENT who is a licensed attorney.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22514658
There are still those running around this board who continue shooting arrows in the dark trying to question the legitimacy of this company. Being on the Public registry obviously provides evidence of a large degree of government oversite to insure the legitimacy of companies listed there.
This is but one small area that cries out to tell you that this company is not the scam some would have you believe it is. Ask yourself, is it REASONABLE that anyone would go to all this trouble, or expose themselves to all this legal liability just to run a penny ante stock scam? Would attorneys represent the company's business interest before the most important and powerful business regulatory agency in Panama over a few shares of a penny stock? Would an auditor risk his entire professional reputation to sign off on the certified financials? Would powerful businessmen like Antonio Fernandez or government officials like Hector Aleman REALLY risk it all over a piddly penny stock scheme? What about other companies which have allied themselves with Panamersa? Is that all a scam too? All for what? To make a few bucks split umpteen ways from selling a penny stock?
PepsiMan nice interview I like
I like these two parts
1}Pepsi Q. Are there any new companies on the exchange?
Pedro A. Announcement to be forthcoming soon (date not specified but asap)... There should be at least 20 new companies added.
This IMO means HUGE INCREASE IN DOLLAR VALUE ASSETS for the PDR Exchange, what dollar figure will the 20 new companies add?
IMO in the BILLIONS.
2}Pepsi Q. PNMS have plans to abandon US Market? If yes when?
Pedro A. PNMS is being offered an alternative to get off the pink sheet market that in Pedro's opinion is being pummelled. The plan is to offer other pink sheets this alternative as well down the road.
Now could be other Companies that are sick and tired of being manipulated like PNMS is will soon have another choice, JOIN the PDR EXCHANGE. this IMO is a good move by Pedro and company.
BRILLIANT.
****************************************************
Posted by: PepsiMan
In reply to: None
Date:8/31/2007 4:56:48 PM
Post #of 88542
This was basically the interview I conducted. I could have asked many more questions perhaps, but the time was very limited for just 1 meeting....... I am not the PR person, I do not speak for Panamersa.. If you don't like the information then sorry.. I quoted Pedro verbatim..
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22534621
BigDogs great post
This is one reason MT and company started the PDR Exchange. The US Market with its corrupted brokerages ETC are destroying businesses and investors Worldwide.
Posted by: Bigdogs
In reply to: Bigdogs who wrote msg# 85740
Date:8/11/2007 2:35:20 PM
Post #of 88541
Also
There is a loophole in the system where MMs can short stocks up to a infinite amount and never have to cover. This is why the sho list is useless because it doesnt include Market makers who do most of the shorting themselves.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21998354
Tooth Fairy 38 plus 18
that is 56 million PNMS shares being sent to IR.
The CEO Blog stated almost 4B plus whatever certs have been sent in by shareholders.
There are approximately 5.6 billion shares outstanding and Fundacion Pan America holds almost four billion shares in the form of PDRs, with this number increasing daily as member convert their shares. The float in PNMS shares is shrinking fast as the conversion process continues.
I know of 38 million
38 million more PNMS certs are being mailed to IR. That is a Fact.
*************************************************************
I would say from the blog that there are well more then 4B in PDR's. It says almost 4B plus whatever certs have been sent in by shareholders.
There are approximately 5.6 billion shares outstanding and Fundacion Pan America holds almost four billion shares in the form of PDRs, with this number increasing daily as member convert their shares. The float in PNMS shares is slowly contracting as the conversion process continues.
This says it all from the CEO
Good job Mr Jim Finegan, Pedro Borges Fiol, Manuel Gonzales Puron and Mike Terrell and IR Theresa Rogers
Blog by CEO James E. Finegan
http://blog.panamersa.com/
August 27th, 2007
I would like to take this time to thank PANAMERSA’s many shareholders for their faithful support and belief in the Pan American vision, which promotes the commercial integration of Latin American into the economic development of the Western Hemisphere. The Pan American movement is currently experiencing phenomenal growth throughout many areas of the Americas, and I strongly believe that we have great things to come.
My first weeks as CEO of PANAMERSA Corporation have been an exciting adventure. Each day I learn more about the company, the foundation and the exchange. While separate, these entities each have sound plans for growth, a sense of belonging, and a dedication to promote Pan America..
I arrived in Panama City the 7th of this month and was pleasantly surprised by its solidification as a global metropolis. Panama City truly is a cosmopolitan city and banking hub. I spent an entire week in Panama, meeting with leaders and viewing new projects. There is a seemingly unending number of real estate projects being developed, specifically along the ocean front. Mostly condos, it appears that there are 30 – 40 new high-rise buildings under construction in the Panama City area. An unbelievable number!
Most importantly, I met extensively with Pedro Borges Fiol, Manuel Gonzales Puron and Mike Terrell regarding their long-range visions for Fundacion Pan America, the PDR Exchange, and the importance of PANAMERSA Corporation as the flagship company of America II. Our group creates a strong management team, combining extensive business and management skills with the philosophy and enthusiasm encompassed in the Pan American vision.
PANAMERSA Corporation is an already strong business, which I pledge to run with integrity and openness. We will continue to grow, expanding the assets and earnings the company has enjoyed to date. I ask our shareholders to continue to be patient. We welcome input, specifically advice and new ideas; however, we will not tolerate name-calling or accusations of any sort. If you do not feel comfortable with your investment in PANAMERSA, you are welcome to sell your stock and move on. Please do not make it your business to take others down with you. The Pan American ideal is built upon a sense of belonging and growth, PANAMERSA will not stand for actions which go against this philosophy.
It is important for PNMS shareholders to understand that PANAMERSA Corporation is an extremely unique type of business – not your typical pink sheet stock. As an operating company of Fundacion Pan America, PANAMERSA must comply with the protective rules and laws of a Panamanian foundation, while also abiding with United States securities laws.
There are approximately 5.6 billion shares outstanding and Fundacion Pan America holds almost four billion shares in the form of PDRs, with this number increasing daily as member convert their shares. The float in PNMS shares is slowly contracting as the conversion process continues.
PANAMERSA Corporation’s share price on the pink sheet market is .0014 cents, yet the company just reported earnings of 1.4 cents for the first half of this year. With assets in excess of $180 million, this gap is unacceptable.
It is important to me that PANAMERSA Corporation share prices reasonably reflect the value of our assets and earnings. Fundacion Pan America is offering our shareholders a guarantee on stock converted to PDRs. This guarantee of two cents per share for holding one year and four cents per share if the PDRs are held for two years. The offer was made to highlight the exchange, while giving investors a guaranteed 15 to 20 times the amount invested at the current pink sheets price. PDR investments are backed by gold, making them secure investments in your future. If you have any questions regarding the conversion of shares to PDRs, or the purchase of shares as PDRs, please notify Theresa Rogers (trogers@panamersa.com), PANAMERSA Corporation’s director of investor relations.
I again want to thank shareholders for their patience. My promise to you is one with the potential to provide great returns. I will work hard to continue to grow PANAMERSA Corporation, while keeping focused on the values and ideals that will make Pan Americanism prevail.
My best,
Jim Finegan
bicomet the PDR Exchnage will
include business from different parts of the world which will make it a Worldwide name.
As far as the boquete project I was responding to 4God so it is best to ask him that Question.
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HERBALIFE WHAT DO YOU MEAN BY PDR EXCHANGE will become a waorlwide name plse clarify and what is the link with the boquete project???
PDR Exchange will be
A Worldwide Name, it is coming don't be left behind. Read all the info in the I-Box it is all there.
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re-post on Boquete (by StockTrader1965):
-------------------------------------------
Posted by: StockTrader1965
In reply to: None Date:3/5/2007 11:34:04 AM
Post #of 87914
Had a little contact with the RIGGO TERRANOVA CORP today:
Dear Sidney:
Riggo Terranova Corp was the intermediary on the sale from the real owners, Family Rodriguez from Boquete, to Desarrollo de Panamá S.A., priorly Desarrollo de Boquete, whose members are family and friends of Mr. Martin Torrijos, including Antonio Fernández aka Tony Fergo. As you may have read, Desarrollo de Panamá has an alliance with Panamersa. Riggo Terranova Corp is a property promoter company. Current status is still the adquisition of the entire property and links to investors to establish a Hotel, a University and some Ecological Developments.
Actually I am from Boquete, and promoted this property for several years until sold, so I can tell you that I am part of Las Huacas. It is a big estate with incredible extensive views for more than 40 kilometers until the Pacific Ocean, great rage of mountains for more than 250 degrees, atop of a river jungle canyon where birds and monkeys made their homes. To listen to the sound of the major river in the area, view colorful rainbows, astonishing sunrises and sunsets, watch the full moon show over the valley, contemplate the stars in all of their shine, witness a thunder storm in the winter time or presence the London like fog, or well the lights of David city at night at 35 klms southview, plus a range temperature of 18 degrees all year round, that is the outstanding items at Las Huacas, and many other ones.
Pictures and more details will be forwarded to you as soon as the web page is available.
Hope I have answer most of your inquiries,
Sincerely yours,
Rigoberto Santamaria, President of RIGGO TERRANOVA CORP, SPAIN
http://investorshub.advfn.com/boards/read_msg.asp?message_id=17597273
trix while your daughter was in Panama
Did she apply for a job at the PDR Exchange?
Also don't you think a phone call by your daughter would be in order to make an appointment?
I mean there is a security issue here, you just can not walk in and say Hi I am here want to talk.
************************************************************
My daughter tried to visit the office in Panama...she just now went to the following address:
(I spoke to her while she was still in the building)
PDR Exchange (Panama) Inc.
World Trade Center
Calle 53 Este Marbella
Piso 10
Panama
She went to the 6th floor (where we thought they previously had a suite number before: it is an online gaming office) then she went to the 10th floor...looked all around...nothing that is Panamersa or PDR Exchange related. (she also tried to locate the office there several months ago and found nothing then too)
Before going up the elevator she had explained to a guy (security?) what she was doing there ...the guy asked if she was with the FBI...she explained what she was seeking and why....she asked if he knew of Pedro or Emmanuel (she used the full names)...he didn't. No one she spoke with had ever heard of the Fundacion or PDR Exchange....she was told of two other foundations that have offices there....nothing even close the PDR Exchange or Fundacion...
She again told me that corporations can get a virtual office (actually just an address) there for something like $20.
Several months ago she had lunch with Pedro. She did not see an office at that time but only drove by the Trade Center and he pointed and said their office was in there. He also told her that he reads this board.
She was a shareholder...not sure if she still is....she thinks it is probably a scam....but has no actual proof of anything...aside from there not being an office.
She went into it with an open mind hopeful that it was all true...but now has serious doubts. She doesn't think I should send in my certs...and I haven't...nor have I requested them yet.
She has been to Boquete...she had little to go on then and found out nothing...she had no luck when she tried asking a realtor. She enjoyed the area.
edited to try to adjust the bold; had left out slash.
Argonath is banned?
Your kidding, looks like a stacked deck to me. A good poster banned I would like to know why Argonath was banned?
trackgirl514 good DD
thats what we need more good DD not agendas one way or another.
**************************************************************
Well, I registered for Pacer and paid about $20 bones to read the entire lawsuit filings associated with Detroit Phone…they are all in PDF files and I’m not able to copy and paste…but it was most informative. If anyone else wants to do the same…please do to confirm. The short version….A Mr. Scott Schweber, who was linked to some litigation scams of Mr. Wael Khatib in the late 90’s apparently got scammed himself by Mr. Khatib.
In 2003, Mr. Schweber issued advances in Mr. Khatib’s name and in return, Mr. Khatib issued promissory notes, in the same time frame, to Mr. Schweber that he eventually defaulted on.
Fast forward to early 2006…
U Call Communications was an entity that Mr. Khatib set up and he petitioned Detroit Phone Card, Inc. about setting up a cellular network. DPC would support the financing of the new business. In the midst of negotiating with a company called T-Core for the network “switch”, Mr. Khatib showed blank DPC checks to T-Core as proof that they, U Call and DPC were ready to deal in cash. The checks were blank, no signature, no amount, no date. Apparently, during the same time, Mr. Khatib was negotiating to get his new company up and running, Mr. Schweber contacts him and threatens filing a lawsuit. Mr. Khatib then frauduantly issues several of DPC checks and forges DPC’s CEO signature and post dates the checks. DPC is notified by their bank that these checks are being presented for payment, at which time, DPC stops payment(s). Mr. Schweber, under oath, acknowledges that he understood that the checks were never intended to be issued to him for payment on the defaulted notes from 2003. Mr. Schweber further acknowledges that he knows he has limited chance of collecting on the promissory notes from Mr. Khatib and his company, therefore decided to go forward and include DPC in the suit.
Fast forward to yesterday…Mr. Khatib and his company, U Call Communications have a motion for default judgment, filed 8/21/07, because they have not made any acknowledgment of the proceedings. Only DPC has contacted the court and submitted their own affidavits and proof of the above findings. Motion to dismiss has been submitted by DPC. Will keep checking the Pacer site for additional filings.
trackgirl514 woman are smarter than men
When looking into details. It shows in your post. Good analysis.
************************************************************
LP – First, I’m happy that the 10QSB was filed on time (w/28mins to spare! ).
Second, I’m optimistic when I broke the numbers down to percentages.
2007(3mo)Revenues 2006(3mo)Revenues Percentage
$1,322,439.00 $1,417,623.00 -6.7%
2007(3mo)Expenses 2006(3mo)Expenses Percentage
$616,255.00 $1,045,323.00 -41%
2007(3mo)Net Loss 2006(3mo)Net Loss Percentage
$730,408.00 $1,054,734.00 -31%
Based on this, it shows Paivis is moving forward, eliminating dead weight/expenses at a much higher percentage than the decrease in revenue. If Paivis continues to progress at or near this rate ratio, then we will see a profit in the next 12-18 months. I’m happy to see that they are eliminating certain entities/streamlining the business. I hope Paivis continues to do this and cuts all muda (non-value added functions/business arms).
The o/s is the same as it was last reported from TA…no shares have been dumped as some speculated recently - which indicates to me that the stock has been shorted several times over the past few months regardless of what the monthly short report states.
And as far as the LOI with Detroit or any other company…it’s interesting to read the negative spin on an acquisition of a private company, when many acquisitions/mergers happen everyday between public and private companies for various reasons…not always positive or negative…private owners decide to sell their businesses for a variety of reasons…In my current job, I work with vendors and suppliers ranging from $1M dollar companies to $500M dollar companies. And I have seen many of them sold many times over for many different reasons and very seldom, negative reasons. Many times, business owners will start a company and sell it for a major profit, once business takes off…they have life changes…they wish to retire….but obviously, DPC is a $38M dollar POS, since Paivis is seeking to acquire it. LOL Only time will tell.
ajman good observation
I see it the way you do, also many forget what PAVC has endured the last six months and still is, yet the Company is moving forward in its plan. IMO the LOI will happen.
I have been pretty accurate on my PAVC posting.
****************************************************************
I would truly have liked to have seen a profitable quarter it would have made the restriction period a whole lot easier to bear, However, tax I don't think it is as bad as you make it out to be.
The decrease in revenue was due to getting rid of the less profitable sales margins that they had. Getting rid of the lower margin items is a good move by the company even though on the surface some may take it as bad because of the decrease in overall sales revenue. This is a big part of the reason for the decrease in overall expenses as well, which provided for overall less losses.
The loss per share for the 3 Mos. ending 6-07 was .02/share and 6-06 was .08/share.
FOR THE THREE MONTH PERIOD ENDED JUNE 30, 2007, COMPARED TO THE THREE MONTH PERIOD ENDED JUNE 30, 2006.
For the three month period ended June 30, 2007, the Company earned revenues of $1,322,439 as compared to revenues of $1,417,623 for the same period ended June 30, 2006. The changes in revenues in 2007 are a result of the Company’s continued efforts to restructure its business and product offerings, and its efforts to minimize the sale of products with lower margins.
For the three month period ended June 30, 2007, the Company incurred operational expenses of $616,255 as compared to $1,045,323 during the same period in the previous year. These operating expenses included: consulting fees of $95,171 and $103,000, wages & benefits of $171,246 and $178,495, and professional fees of $212,561 and $118,834 for the three month period ended June 30, 2007 and 2006, respectively. The variation in expenses from June 30, 2007 as compared to the same period in the previous year is due to the continued efforts to restructure its business operations and reduction of debt.
The Company incurred a net loss from operations of $730,408 for the fiscal quarter ended June 30, 2007, as compared to $1,054,734 for the same period in the previous year.
SEE PAGE F3 FOR REVENUE-COST OF SALES FOR NET REVENUE INCREASE
NET LOSS FOR 3MOS. ENDING 6-07 $730k
NET LOSS FOR 3 MOS. ENDING 6-06 $1,054K
Net Loss Per Share 3Mos. ending 6-07 .02
Net Loss Per Share 3Mos. ending 6-06 .08
41,514,739 common shares at June 30, 2007
Capital Stock
Authorized:
125,000,000 common shares par value $0.0002 per share
15,000,000 preferred shares, par value $0.0001 per share
Issued and outstanding:
41,514,739 common shares at June 30, 2007
and 30,558,352 at September 30, 2006
No Series A preferred shares at June 30, 2007,
and 792,592 at September 30, 2006
3,000,750 Series B preferred shares at June 30, 2007,
and at September 30, 2006
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
FORWARD-LOOKING STATEMENTS
Except for the historical information and discussions contained herein, statements contained in this Form 10-QSB may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments, any statements regarding future economic conditions or performance, statements of belief, statements of assumptions underlying any of the foregoing and other risks, uncertainties and factors discussed elsewhere in this Form 10-QSB or in the Company’s other filings with the Securities and Exchange Commission
OVERVIEW
Paivis Corp.’s (“Paivis”, the “Company” or the “Registrant”) business operations commenced June 2000 and consist of telecommunications switching services. Paivis is facility-based wholesale telecommunications carrier that delivers many application/value-added services within the prepaid services space. The Company operates and maintains a robust switching facility, offering over 16,000 ports with connectivity to most of the tier 1 carriers in the US and manages an extensive international (A-Z) network. In addition to the wholesale business, Paivis maintains a large retail distribution network for direct to consumer services. Our products are sold through approximately 5,000 retail outlets in the United States and our distribution is rapidly expanding.
The future growth of the Company is focused on implementing a plan of growth of our current business operations, and also growth through acquisitions. The Company is currently in discussions with several acquisition candidates.
The following analysis discusses changes in the financial condition and results of operations at and for the three months periods ended on June 30, 2007 and June 30, 2006 and should be read in conjunction with our unaudited consolidated financial statements and the notes thereto. This subsection of MD&A is an overview of the important factors that management focuses on in evaluating our businesses, financial condition and operating performance, our overall business strategy and our earnings, if any, for the periods covered.
OUR COMPANY HISTORY
Paivis,Corp, (formerly known as APO Health, Inc., Internetfinancialcorp.com, Caribbean Ventures Inc., and Dom Caribe Ltd.) was originally incorporated in the State of Nevada in April 1997. From mid 2001 until mid 2006, our predecessor, APO Health, Inc. was primarily engaged in the business of wholesale medical products. In May of 2006 the Registrant completed a Merger transaction (details below) where effectively Jupiter Global Holdings, Corp. became a wholly owned subsidiary of the Registrant. With completion of the Merger transaction the Registrant effected a sale of the APO Health subsidiary (“APO Health NY”) responsible for the business of wholesale medical products (details below). Furthermore, due to the Merger transaction and subsequent sale of APO Health NY the Registrants business will be primarily engaged in the core operating business of Jupiter, prepaid technologies and telecom-based services.
Headquartered in Atlanta, Georgia, the Company is publicly traded and Paivis, Corp. presently conducts its business operations through its operating subsidiaries located in the United States.
OUR BUSINESS OPERATIONS
Paivis’ present business operations commenced June 2000 and involve providing prepaid long distance services. We generate revenues through the domestic and foreign sale of a variety of telecommunications products and services, such as prepaid calling cards, prepaid wireless service and international wholesale termination. Our products are sold through approximately 5,000 retail outlets in the United States and our distribution is rapidly expanding.
The discussion below of our performance is based upon our consolidated financial statem ents as of and for the three months periods ended June 30, 2007 and June 30, 2006.
-2-
RESULTS OF OPERATIONS
FOR THE THREE MONTH PERIOD ENDED JUNE 30, 2007
For the three month period ended June 30, 2007, the Company earned revenues of $1,322,439. The revenues were from sales of airtime related to telephone calling cards.
During the three month period ended June 30, 2007, the Company incurred operational expenses of $616,255. These operating expenses included: consulting fees of $95,171, wages and benefits of $171,246, and professional fees of $212,561 for the three month period ending June 30, 2007.
During the three month period ended June 30, 2007, the Company incurred a net loss from operations of $730,408.
FOR THE THREE MONTH PERIOD ENDED JUNE 30, 2007, COMPARED TO THE THREE MONTH PERIOD ENDED JUNE 30, 2006.
For the three month period ended June 30, 2007, the Company earned revenues of $1,322,439 as compared to revenues of $1,417,623 for the same period ended June 30, 2006. The changes in revenues in 2007 are a result of the Company’s continued efforts to restructure its business and product offerings, and its efforts to minimize the sale of products with lower margins.
For the three month period ended June 30, 2007, the Company incurred operational expenses of $616,255 as compared to $1,045,323 during the same period in the previous year. These operating expenses included: consulting fees of $95,171 and $103,000, wages & benefits of $171,246 and $178,495, and professional fees of $212,561 and $118,834 for the three month period ended June 30, 2007 and 2006, respectively. The variation in expenses from June 30, 2007 as compared to the same period in the previous year is due to the continued efforts to restructure its business operations and reduction of debt.
The Company incurred a net loss from operations of $730,408 for the fiscal quarter ended June 30, 2007, as compared to $1,054,734 for the same period in the previous year.
SIGNIFICANT ACCOUNTING POLICIES
Our significant accounting policies have been outlined in our 10KSB filing for the year ending September 30, 2006, and are thus incorporated by reference. We have had no significant changes to our accounting policies or assumptions in the three month period ending June 30, 2007.
Liquidity and Financial Condition As Of June 30, 2007
We had cash-on hand totaling $ 4,469 as of June 30, 2007.
We believe that our currently available working capital provided by operating activities may be insufficient to meet our operations at our current level and working capital and capital expenditure needs over the next 12 months. Our future capital requirements will depend on many factors, including our rate of revenue growth, the expansion of our marketing and sales activities, the timing and extent of spending to support product development efforts and expansion into new territories, the timing of introductions of new products or services, the timing of enhancements to existing products and services and the timing of capital expenditures. Also, we may make investments in, or acquisitions of, complementary businesses, services or technologies which could also require us to seek additional equity or debt financing. To the extent that available funds are insufficient to fund our future activities, we may need to raise additional funds through public or private equity or debt financing. Additional funds may not be available on terms favorable to us or at all.
Market regulation SEC 202-551-5777
Call these people and complain about brokers not allowing buys, sells, or both.
Posted by: herbalife13
In reply to: briarhopper1 who wrote msg# 20077
Date:8/13/2007 5:42:13 PM
Post #of 20282
Market regulation SEC 202-551-5777
'gunadoo and other Nervous nellies
The Q will be on time should, I say Trust me on that LOL.
Joe Monster yes
And it will IMO.
Well briar all we need now
Is the Quarterly which will happen IMO. great article you found.
****************************************************************
A tad interesting opinion here:
"Friday, August 10, 2007
Detroit Phone Cards Up for Sale!
Looks like Rami Chahine, President and Owner of Detroit Phone Cards may have a buyer lined up for his phone card distribution business. Pavis Corporation, a telecommunications carrier with a strong calling card business, has signed a letter of intent to purchase the company (read more about Pavis in Yahoo Finance). From the press release it says that Detroit Phone Cards has 24 million in annual phone card sales and another 6 million in prepaid mobile sales. The claim is that the acquisition will help Pavis strengthen their calling card and prepaid wireless business...
...[T]his is a significant happening in what has been a relatively quite couple of months in the prepaid world. Detroit Phone Cards has been around for a while and in this business that says a lot. I wish them luck with the endevor!"
Emma Lee
President
PhoneCardMania.com (http://www.phonecardmania.com/aboutus.asp )
livinginstyle excellent post
Nice and factual.
Posted by: livinginstyle
In reply to: FrankDrebin who wrote msg# 60930
Date:8/18/2007 4:10:47 PM
Post #of 60953
I thought the financials looked pretty good. We have a minimum of a 4 PE going forward . Profit was up from a little over $2000.00 last Q to over $111,000.00 this Q. We had a one time gain on the sale of Global of just shy of $139,000.00 that actually netted us a total profit of $250,000.00 for the Q. Expenses were down overall. Cash on hand increased $98,540.00 to just under a million. The financials consisted of old revenue streams. New revenue streams are slated to start coming on line next Q or two. Cash burn is low and profit increased, what's not to like?
This company has a lot of armature investors. Many are selling due to the price dropping which is what the pros want you to do. IMO, smart money is buying at these prices. They wait in the wings like a cat in the bushes waiting for his prey. The instant the armature places his/her shares on the market, they are gone. Fear and lack of trust is the driver here. The market is separating the future winners from the losers right now.
Some say the share structure will prevent a run. I have been griping about this share structure for a long time. My words were always countered with criticism. But, this last financial statement showed me something. If we can sport a 4 PE with 7.8 billion shares outstanding with old revenue streams only, look at what the future could bring. I expect the company to use all 11 billion shares outstanding. But, that may not hurt us at all. Just look at what $111K profit has done with 7.8 billion shares. You have to look at the potential going forward. China news is coming in a month or so. Forex will someday be a winner. Time is all we have to invest here going forward. But, if you have any extra money in your pocket, why not stand next to the professionals and get your share?
As far as future dilution is concerned, they will not dilute to cover daily expenses like other pinkies cause they don't need to. They have enough cash flow to cover expenses. Now, dilution for acquisition may be on the horizon. But, look at what they have done so far with their acquisitions. They acquired Global, stripped the company of what they needed, kept about 27% of the company and netted a $139K profit. They also loaned Global's management some money and secured assets for the transaction. They should have a future revenue stream in payments from Global.
Look at Check 21 acquisition. According to IR, a killer PR concerning a huge China deal is coming in a month or so. We could have something here folks. That acquisition could prove to be very big and cheap.
Look at the worth of all the shells they have acquired. No telling what they could lead to. There is money just lying there as far as I'm concerned.
My thoughts are this: If they dilute to add another division of some kind, they will probably end up stealing it like all the others. We really could have something here folks, my advice is to hold and watch it turn to solid gold.
bicomet
It will be resolved
solidgold there is a lot
That is going on with the PDR Exchange. IMO it is all good and the PDR Exchange will become a worldwide name soon.
I do not give a hoot what the negative posters post.
I am here to stay.
As I stated many times I have full confidence in Theresa, MT and the new CEO of PNMS.
***********************************************************
MT mentioned to me something about possibly going on tours in USA to promote Panamersa and explain some details of exchange. That would be very interesting indeed.
solidgold agree
Anyone with common sense would agree with you but there are many here who do not want positive things to happen for the company I wonder Why?
************************************************************
Was talking to MT today. According to him he is working on big and positive changes for PDR Exchange. Let's give him some time.
paul from jersey it should
I mean how much lower can we go from .0014 to .0003 I hope this China thing works out to all our benefit.
I still like the CEO and his business plan.
I think the Company should buy back shares and retire them to the treasury.
I think the new Pink Sheet rating system is a farce.
I think the Shells owned should be used by EFGO to divide the Companies different Divisions into their own Businesses and reward the true longs with a well deserved dividends.
I like the earnings, you see a steady increase each Quarter.
We hear many positives now lets see some action to benefit EFGO Longs.
*************************************************************
I'm not much of a chart person, but I do like the way the RSI has turned up in the last day or so.
I have no fears Taxman
I feel good about what PAVC is doing. IMO the LOI is a done deal and IMO the fianancials will be out on time.
Thats it.
***********************************************************
Most excellent post Taxie::
I don't get it. We're about to learn the true financial health of this company yet the board is almost totally silent about it. Is it that people suspect the report may not be very good and don't want to put too much weight into it?
Why aren't people clamoring for the earnings report to come out on time, and why aren't people talking about what the earnings report might show? We're talking about LOIs and customer testimonials for an acquisition target, but nothing about the quarterly filing.
If the truth is that people don't want to draw attention to the report because they fear it may 1) be late or 2) reveal problems with the company, then isn't that a shame? For a publicly traded company, is there anything MORE important than a quarterly earnings report? It shows in black/white just how much money a business is spending, how much it is earning, growth trends, how much debt it has, the share structure, etc.
If there is something more vital in determining the health of a business than a quarterly filing I'd like to hear what it is
Well now satisfied Customers
Thats a good thing briar
Posted by: briarhopper1
In reply to: briarhopper1 who wrote msg# 20184
Date:8/16/2007 12:01:46 AM
Post #of 20199
Alright, all you Sallies buckle-up out there. We know that Detroit Phone Cards is d.b.a. O Mobile PCS (Detroit Phone Cards)
- There's more cooking around here than what "we" realize, in my opinion.
Briar
O Mobile PCS (Detroit Phone Cards)
6500 Schaefer Street
Dearborn, MI 48126
Here's some poop on this outfit:
O Mobile Bundled Rate Wireless Phonecard, service provided by O-Mobile Wireless
Link is: ( http://www.phoneshark.com/showwirelesscard.cfm?f=11&t=11&p=9076 )
When you scroll down to the bottom of the above linked page you find a list for "Partners" which takes you here:
( http://www.phoneshark.com/Link_Partners.cfm )
Recent Customer Testimonials
Monday, August 06, 2007 6:05 PM: "Mr. Kilby, Thank you very much, your services continue to impress me. Your customer service is great. Again, thank you for keeping me in touch with my fiance at the lowest price possible. Respectfully, Tomas"
Sunday, July 22th, 2007 5:29 PM: "I love you guys My PINs are delivered super fast Keep up the great service. Robert G."
Saturday, January 27th, 2007 11:15 PM: "I love your service! I didn't have to drive all the way to wal-mart to buy a card, just paid with my paypal, called, and got my pin, the whole process took less than 2 min!! Thanks! Alex K."
Sunday, December 24, 2006 1:24 PM: "I really don't have a question. I just want to say this is , without a doubt, the best phone card service out there! Thank you so much!! Merry Christmas... Constance C."
Friday, December 15, 2006 11:14 PM: "probably not necessary to say this ......... you're my kind of company. Not that praise from a 72 year old man is going to earn you much in today business climate. Joe K."
Thursday, November 30, 2006 8:05 PM: "My order this evening was placed and my PIN delivered super fast. I love you guys! your service is fantastic. Robert G."
Thursday, November 30, 2006 11:19 AM: "I have assigned my PIN number to your local access phone number and now that works like a champ. I will certainly recommend your service to my friends. Your system works as advertised, the sound quality is good, and you were very helpful to deal with. Bob C."
Wednesday, October 25, 2006 7:56 AM: "Thank you so much for your assistance in helping me with my purchase. I used to use a different site to purchase my items but they had bad customer service when i had problems. I will now be using your company and I will most definetly recommend you to all my freinds and family. .. Once again thank you so much 4 your help. Randy B."
Friday, September 22, 2006 9:58 AM: "Hello, What great service!! I called to have minutes added to my phone. Your representative was professional, informed, helpful -- honestly, he had many good qualities and is an asset to your company. But the reason I felt compelled to write is to tell you that I was so impressed that you not only sold me the minutes but put them on my phone for me! That I did not expect. I read the emails you sent and was blown away by the last one telling me the minutes were already on my phone. Even if I were to locate the company I had previously purchased minutes from, I would not buy from them again. You have a customer as long as I have the phone. Thanks again, A satisfied customer, Sharon D."
Tuesday, May 16, 2006 8:41 PM: "Sir, Thanks for your help. Being stranded overseas with no way to call home is not fun. I appreciate the help and will most definitely spread the word about your company's great customer service. V/R Christina E., USAF, 1Lt"
Thursday, May 11, 2006 9:03 AM: "Just wanted to thank you for such a quick response. I really appreciate the security steps you have in place! You have no idea how much this helps a very busy single mother. Thank you for the valuable service you provide. By being able to go online and add minutes, you helped me spend more time with my daughter. Thank you so much!!" H. Evans"
Monday, February 27, 2006 8:53 AM: "You guys were a life saver... especially for using PayPal! Thanks!!! P. Stewart"
Sunday, February 05, 2006 6:09 AM: "Thank you!!!!! I feel good about doing business with you guys, you've never let me down, not even once. Elaine A."
Sunday, January 08, 2006 9:34 PM: "WOW, THANK YOU VERY VERY MUCH, NEVER HAD SERVICE LIKE THIS BEFORE. ALL WORRYS SWEPT AWAY WITHIN 5 MINUTES OF EMALING :) THANX Khaled A."
Friday, December 09, 2005 1:02 PM: "Hi, Brian, Yes, I just received them! Thank you so much for your attention to this. As much ordering as I do over the internet, this has to be the best personalized service I've ever seen. I must say it's quite refreshing. We had 10 inches of snow overnight, making it very difficult to get out today, and I was rapidly running out of credit on the phone. Again, Brian, your emails and your follow-up are greatly appreciated. I will be glad to place all my future orders through PhoneShark, and will be referring you to family and friends. Happy Holidays to you, your family, and your fellow co-workers. Michelle L."
Friday, November 18, 2005 1:55 PM: "Thank you Jennifer it worked perfectly. I charged my phone already. I appreciate your company service. Angela C."
Wednesday, November 16, 2005 4:05 AM: "Brian, I am really impressed by your company's customer service. I will continue to do business with you and recommend to my friends. Thank you. Regards, Anoop A."
Wednesday, October 05, 2005 8:07 AM: "Just wanted to let you know: y'all are doing very well indeed for me, and I will recommend your service to everyone who might have use for it. Jonathan B."
Friday, September 23, 2005 1:38 PM: "Brian, Can't thank you enough for expediting the minutes, we're weathering the hurricane at home in Texas City, oboy... You've made it possible for us to communicate when phones are down. What a lifesaver!!! Thanks again, Irma A."
Wednesday, September 21, 2005 8:47 PM: "Thank You I Truly Appreciated It I would recommend all my friends To your web site for pre-paid cards I will continue my services also this is a great web site Thank You have a great day. Rosemarie V."
Wednesday, September 21, 2005 12:30 PM: "Thank you very much for the great service. It is a pleasure doing business with a company on the internet that has such great employees! Robert S."
Friday, September 16, 2005 5:01 PM: "Thank you for the validating the phone card for me. The service that PhoneShark.com has provided me with is not only sufficient, but it is convenient as well. :) This positive experience has determined me to continue to my business with PhoneShark.com. Thank you again for your time and service. Erik S."
Friday, August 19, 2005 10:23 AM: "I just wanted to say thank you so much for your time. I appreciate you taking the time to help with this situation. Please know we will be using your services frequently. Thanks so much. Leslie B."
Tuesday, June 14, 2005 9:58 PM: "Brian, Thank you for taking care of that so quickly. I was a little worried about sending my information like that, but since I have been doing business with PhoneShark.com for so long I decided it would be ok. I am going to Paris on June 30 until August 5, and the cards I have bought from your web site will be my main means of communication. I really liked the rechargeable card I bought earlier. I was able to store my families numbers in my account so they can call me without entering a pin number, and the 3 cent per minute with no fees is awesome. I always recommend your site to anyone needing a phone card. I told my friend Sarah, who is also going to France, that she should buy the same cards that I bought. If she is smart she will take my advice ;) Thank you, Susan H."
Tuesday, June 14, 2005 7:47 PM: "To the service dept. manager, Just a comment about one of your online reps, Brian. He went out of his way to help me with a problem and was one of the nicest phone reps I have ever talked to. Please give him some kudos for me. Thanks Don D."
Tuesday, June 14, 2005 7:13 PM: "MR KILBY: THANK YOU VERY MUCH!!! MY PHONE CARD IS ACTIVE & WORKING WELL THANKS AGAIN SINCERELY, GRALYN"
Monday, June 13, 2005 10:46 PM: "Hi Brian, a pleasure to do business with your company. I've added the new minutes to my service. Thanks." mike.
Monday, June 13, 2005 9:55 PM: "Thanks for the fast service, everything is fine." Marcel
Monday, June 13, 2005 8:47 PM: "Brian, Yes, I received it. Thank you for following up and making sure everything was taken care of.....excellent customer service!!" Kathy
Monday, June 13, 2005 5:47 PM: "Thanks for your fast attention, I really like doing business with you guys. Keep up the good work." gabb
Thursday, June 2, 2005 12:04 AM: "I used my card within minutes of ordering..your phone service is great!" A. Harvey
Tuesday, April 19, 2005 10:40 AM: "Thank you for all your help and your quick response to my e-mails. I've been using Phone Shark. com for quite a while now. This was the first time I ran into a problem and had to ask for help. You were courteous and quick to respond. Thank you again, and Have a great day!" Kenny S.
Friday, April 01, 2005 12:34 PM: "WOW!!!!!!! What service, had 5 min to get my sons phone minutes, e-mailed you that message and within 2 min had a phone call from you. If Brian Kilby was the guy responsible for this you need to give him a "well done" and a raise........thanks again" B. Mainello
Friday, March 25, 2005 10:21 AM: "hi brian!...i actually talked to you this morning about a few phone cards i bought yesterday from your site...i just wanted to say thank you so much for getting back to me so quickly and helping me load the cards to my phone...to tell you the truth, i was a little nervous buying time like that but because of the customer service i received, i'll definately be back!... thanks so much again!...have a great weekend and enjoy your holiday!... shannon p."
Tuesday, March 15, 2005 3:45 PM: "Brian, it is fantastic! we will save a lot of money using your prepaid phone card."
Monday, February 28, 2005 1:23 PM: "Jennifer: Thank you for all your help. You are a very nice and helpful lady, I wish every customer service person would be like you. You can show this email to your supervisor since because of you I will remain a customer of PhoneShark. Best wishes, Mrs. Silver."
Tuesday, February 22, 2005 2:39 PM: "I must say you have been very helpful and prompt. I'll be sure to check your site out for any future needs and I'll recommend you to everyone I know. Your service was truly wonderful. Thanking you in advance. I remain, Sincerely yours, Julio R."
Wednesday, February 09, 2005 4:15 PM: "Your site absolutely rocks, it was easier than buying from the [redacted] website! Thank you, I'll be back. Jamie B. (Proud U.S.A.F. wife)"
Monday, February 07, 2005 9:08 PM: "Brian, Thank you very much for your help. My daughter will awake a happy young lady on her 14th birthday knowing she has more minutes on her phone. Ah the little things in life that keep us happy. With Respect, May God Bless you and your Business, may it always be prosperous. With Respect God Bless, Pastor John"
Saturday, January 15, 2005 6:16 PM: "Brian, Yes I just got the Pin # Thank you I'll be buying from phoneshark.com for sometime it's a nice web page with lot's of good phone cards and good payment options. Thanks Wojtek"
Wednesday, February 02, 2005 12:31 PM: "Thank you for your prompt attention. I will let you know when they arrive. Thanks again, Greg. P.S. I will be telling my friends about your excellent service. Business is not about never making mistakes. Instead, it is about fixing any mistakes as quickly as possible and keeping all of your customers."
Friday, January 14, 2005 8:25 AM: "Brian, this might not mean much to some but to me it meant everything this morning. I needed really bad to be able to call my fiance in Africa about a package that that customs is holding and I did not have enough money to buy the 10.00 card. I decided to see what else you had available and there I found a 2.00 card which only allowed me 6 minutes for my call but it was just enough to communicate very important information in order for them to hopefully release his package to him. I believe in giving flowers while someone is living and this flower is for you and your customer service. God Bless You and as I said before I appreciate your level of customer service. I might not spend much as many of your clients but thank for treating me as if I spend thousands. A very satisfied customer, Christie G."
GoVols1 we can't short but the brokerages
sure can and they NSS a lot of stocks which is Illegal but they get away with it. Corrupt system in the US Markets that destroys legit Companies.
Some of the worst brokerages for this are Ameritrade, E-Trade and Scottrade. That is one reason I moved to Bank of America.
If shares are bought back they
Have to be retired that is the only way retire them.
desperate housewives drama, not DD
Insults, personal attacks on a message board. What kind of poster character does this? Anger management course needed badly.
tax_man not speculating
All I know is PAVC is undervalued and IMO is being manipulated.
it is a shame how corrupt this is. E-trade still is not up to par as you see by posters here.
The SEC lets this go on.
All we can do is complain to the proper authorities and we all should.
PAVC has been through a lot the past year, if this LOI closes and IMO it will, this would be a great match.
***********************************************************
herb, what do you think will happen to the PPS if the quarterly shows heavy dilution to fund acquisitions and a growing net loss due to their trying to fund future growth?
IMO on PAVC
Companies do this all the time, no big deal. PAVC will have the Quarterly out by the 20th.
What the Company has been through,
Overseas Berlin issue,
Broker issue,
Stock issue
T/A issue,
Acquisition issue,
Finance issue,
And running the company.
well IMO that is quite a bit and if the LOI is done we could become a NASD Company.
'tax_man it will be out
the same thing happen on the last two filings.
Means Aug 20th for the filing
45 days plus 5, it is on a Monday could be PAVC wants to start the week right.
tax_man Yep
I did against Scottrade
fight them crooks as Dallas says
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