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Form S-8
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM S-8
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REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
PAIVIS, CORP.
(Exact name of registrant as specified in its charter)
Nevada 4813 86-0871787
(State or other jurisdiction of
incorporation or organization) (Primary Standard Industrial
Classification Code Number) (I.R.S. Employer Identification No.)
#400 - 3475 Lenox Road, Atlanta Georgia 30326
(Address of Principal Executive Offices)
PAIVIS, CORP.
2007 I - EMPLOYEE AND CONSULTANTS
STOCK INCENTIVE PLAN
(Full title of the plan)
Edwin Kwong
#400 - 3475 Lenox Road, Atlanta Georgia 30326
404-601-2885
(Name, Address and Telephone Number of Agent for Service)
Copy to:
Gregory Bartko, Esq.
#400 - 3475 Lenox Road, Atlanta Georgia 30326
404-238-0550
CALCULATION OF REGISTRATION FEE
Title of Securities
to be registered Amount to be registered Proposed maximum
offering price per share (1) Proposed maximum
aggregate offering price(1) Amount of registration fee
Common Stock, par value $.0002 per share 50,000,000 $0.013 $650,000 $2.00
(1) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) of Regulation C as of the close of the market on December 28, 2007 based upon the average of the closing bid and ask prices as quoted on Nasdaq's OTC Bulletin Board for that date.
(2) Pursuant to Rule 416 of the Securities Act, this registration statement shall also cover any additional shares of common stock that shall become issuable by reason of any stock dividend, stock split, recapitalization, or other similar transaction by the Registrant.
There is some newer Docket stuff on BMC. Can someone that understand it better decode it. lol.
Pretty quiet> looks like it was alot of end of the year tax credit selling.
Not that u can every tell which way this stock was heading But I am at a average of .18 for 150k shares. If I could of bought Now I would of had over 400k shares. Money is all tied up. But I am still excited about this stock. Even days when I want to drive down, follow and beat up on some MM's.
agree. But long term it could go back or close to $20> thats huge if u can afford to gamble with 100k. I would if I could.
No clue. Wish I could afford it. $100k with the possibilty of 2 to 20 million..
Some decent size buys....
Hey I am new. just bought 10000 at 9 cents. Took three to fill it.
I guess they bought enough in the 8's
Scratch that! I guess I opened my mouth to soon.
That would be nice..
I understand the formula and the value of the investement. But it seems like a long process before you can even trade your new prefered shares. I am new to this so I dont really have a clue what happens after my commons become prefered.
thanks
Good Morning.... Too quiet over here!
They really want to keep this stock down.
I just want to wish everyone a Merry x-mas, Happy Hanukah and Happy Kwanzah. Choose the one that fits.. lol
Jan 16th isnt that far away to sit around..
yeah I was sitting at .22 and couldnt get in so said wtf! .23 it is.
I bought the first 5000 block before the two 10000 blocks
Hey if OJ can get off.... Anything is possible.. lol
Before I invested I knew they were in Bk. But let me ask you a hypothetical question. Do u think that for the novice investor that doesnt do any DD, that since it doesnt have a Q and for someone reason they did cancel the common could they have any recourse?? There is a reason that they put a Q on the symbol. Its a rule/guideline. It could be interpretered as misleading. I was just curious. I dont know if anyone really knows the answer.
thanks..
When is the estimated exit plan rollout?
not sure but here is the 8k when reaching an agreement in oct 2006
http://biz.yahoo.com/e/061016/fmxl.pk8-k.html
this filing preferred where changed to 100 common
http://sec.edgar-online.com/2007/05/14/0000912908-07-000059/Section9.asp
The debt was I think 790 million.
what I do like about fmxl is this..
Company Notes
Note=9-19-05 company & certain of its subsidiaries filed petitions under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Case No. 05-12685 (PJW). 12-27-05 company filed a proposed plan of reorganization & expects to emerge from bankruptcy in early 2007. Company emerged from Chapter XI Bankruptcy, effective 2-12-07: equityholders to retain interest in the company subject to dilution resulting from issuance of addt'l Com shs.
I think it was u or someone else that said even with dilution we would be trading at 2 to 4 dollars.
Old Article about Chapter 11. Found some of it interesting..
Chapter 11 May Be A Goldmine For Some Stockholders In 2007
Big Players Poised For Big Profits
This could be the year bankruptcy reorganization, traditionally a death trap for shareholders, turns into a goldmine for stockholders in the country’s biggest bankrupt companies.
Last year, stock that had long been considered worthless paid off handsomely for shareholders of Mirant Corp., USG Corp. and Riverstone Technologies Inc. when those companies completed their Chapter 11 reorganizations.
This year, the money to be made will be even larger.By some estimates, the group of hedge fund and private equity investors that have offered to put up to $3.4 billion into Delphi Corp. could make a fat profit instantly if the deal wins court approval.
Those investors include three of Delphi’s biggest shareholders -Appaloosa Management, Harbinger Capital Partners and Cerberus Capital Management.Their immediate payoff, according to a rival bidder for the company, could amount to $1 billion.
The rival bidder, Highland Capital Management,is itself looking at a nice profit. The Texas hedge fund, which owns about 8% of Delphi’s stock, has already seen the value of its shares in the company increase by at least 50%,according to filings with the Securities and Exchange Commission. Delphi’s stock was trading at $3.78 a share late last week.
The idea that big institutions are actually buying the stock of bankrupt companies, let alone stepping up with more cash, is astounding to veteran bankruptcy practitioners. Chapter 11 usually ends with shareholders out in the cold and companies in the hands of creditors.
“It’s a gigantic change. People are a lot more interested. Ten years ago no one was touching the equity,” said Lawrence Gottlieb, a New York bankruptcy lawyer who represented shareholders in the bankruptcies of Seitel Inc. and Peregrine Systems Inc.
Perry Mandarino, a financial adviser to troubled companies, said the stock-buying is driven in part by the increasing efficiency in the debt market. Debt is traded mostly by sophisticated players skilled at handicapping the outcome of Chapter 11 cases.
Stock analysts, by contrast, give up once a company plunges into bankruptcy. That leaves the field open mainly to big investors, who have their own capacity to assess the
true value of Chapter 11 companies. Mandarino said the possibility of “phenomenal returns” on stock relative to returns on debt may be driving the surge in stock-buying
by big investors. For all the success big investors are having, Chapter 11 is still not safe territory for mom-and pop shareholders, bankruptcy professionals say. High risk is built into the business plan for the big investors -including hedge funds and private-equity firms - that are snapping up bankrupt companies’ stock.
“If you look at the people who are going in at an equity
level, by and large they are the experienced funds,” Gottlieb said. “Why are they doing that? Number one,they can buy the equity really cheap. It’s a game of ‘what the hell, maybe we can get something out of it.’”
Mandarino said the big investors in stocks also tend to be experienced risk-takers. “Some of these funds manage billions of dollars,” he said. “They don’t have the success they’ve had because they’re meek or risk-averse.
Buying stock can also be a cheap way for big debt holders to make sure that small shareholders don’t get out of line and start banging the table for more in a bankruptcy,Gottlieb said. As long as they’re not members of an
official committee, big shareholders who are also big debt holders are free to take care of their own interests, without worrying about rank-and-file shareholders.
Last year, Foamex International Inc.’s stock rose sharply - to the benefit of four big shareholders who gained a majority stake in the company during its bankruptcy reorganization. Some of the four - D.E. Shaw Laminar Portfolios LLC, Goldman Sachs & Co., Sigma Capital Associates LLC and Par IV Master Fund - bought the stock when it was trading at less than a dime. Foamex
stock now sells for nearly $6 a share.
While the stock boomed, DE Shaw, Goldman Sachs, Sigma and Par IV parlayed their cheap shares into a seat at the Chapter 11 bargaining table. There Foamex reworked a reorganization plan that had called for creditors to end up in control of the company. The reworked plan put the big shareholders in charge. That’s thanks in part to a $150 million equity rights offering that is expected to boost the majority stake held by Foamex’s big four considerably.
Two of Foamex’s biggest shareholders, DE Shaw and Goldman Sachs, are also big creditors. Some of the $150 million equity rights offering, for which they get a share of a $12 million fee, is headed right back into their pockets as payment for the debt they own.
“If you’re a fund and what you’re really in it for is to loan-to-own, having some equity so that you can control the equity and it does not become an issue for you to contend with,there’s value in that,” Gottlieb said.
Small shareholders, however, aren’t entirely powerless in the presence of big players. In the Chapter 11 case of Mirant Corp., the company’s creditors almost got away with $600 million in value in excess of what the company owed them, according to the calculations of U.S. Bankruptcy Judge D. Michael Lynn, who presided over the case.
They didn’t, thanks largely to an official committee of shareholders holders - mostly individual shareholders with a fervent belief that Mirant was worth more than creditors said it was. The shareholders met up in Web chat rooms and mounted an effort to rein in the creditors.
“They did a hell of a job for a group of people who were not funded to take that kind of job on, and not schooled in the ways of Chapter 11,” said Edward Weisfelner, the attorney who represented Mirant’s official committee of shareholders. Mirant’s shareholders went toe-to-toe with big bondholders in a prolonged court fight that ran up hundreds of millions in professional fees and ended in a negotiated settlement that left shareholders with stock worth an estimated $1.45 a share. That was up from pennies at the time of Mirant’s bankruptcy filing in 2003.
Still, no such fight is taking place in the Chapter 11 cases of Delphi and Foamex, where big investors ready to throw more money on the table have set creditors’ mindsat ease.
“People step up to do a rights offering when they believe in the future of the company, and when they have the cash available,” Weisfelner said. “That sort of distinguishes the institutional investor cases from the mom-and pop shareholders, who don’t have millions to participate in the rights offering.”
Like I said I am still new to investing but very good at research anything u need me to do let me know.. I am in it to win it.. lol. Just let me know
thanks. If so party is on me.. But I wouldnt mind waiting to see if they can make it back to the NYSE. That would be some real doe.
Well I have about 150k so I equal 7 people. lol. I can tell u one thing either I will be really happy or really sad when we reach the outcome..
Anybody noticed how involved the mm MITR has been today?
Somebody just wake me up in Feb...
PRESS: GOOCH PALS EYE FERRY PURCHASE
Wall Street billionaire and Two River Times columnist Mickey Gooch and other investors are reluctantly moving toward a purchase of the SeaStreak ferry line that runs from northern Monmouth County to Manhattan, today's Asbury Park Press reports.
Reluctantly, that is, because Gooch, of Rumson, and his prospective partners are only stepping in to save the service. SeaStreak's parent company, Sea Containers Inc., has been in bankruptcy for over a year, and the Caribbean nation of Trinidad and Tobago is said to have offered $30 million for the line's four catamarans.
From the article:
"Myself and other investors are not really, frankly, interested in being ferry operators," Gooch said. "We're just interested in seeing a quality ferry service continue
http://www.redbankgreen.com/
great next thing I will need after propecia will be that littel blue pill viagra. I will be the one that has the sexual side effects.. lol
Quite a bit. I am trying to average down but as i do i keep adding more and more money. Grey is Cool.. Bald is what I dont want..
thanks....
Since I am still new. I have a question.. I know there isnt alot of volume but how can MM's hold the pps down so low. Just four months ago it was trading around .70 and 6 months ago a over a dollar. They were in BK then plus they didnt win the court case til recently. This is just for knowledge nothing else.
I agree, was just curious. I have quite a few shares, more than some of the institutions. So I am in long. I was just wondering.
correct me if I am wrong dont the have to cover almost a million shares by tomorrow afternoon?
send me ur email having problems with fax for some reason.
I received a copy of the docket today. Anyone that understands it and wants it let me know. It was faxed.