blissonmoon, I have had many talks with the the TA, the SEC, and the brokers concerning the transfer process. This is what is "supposed" to happen.

The TA verifies and accounts for all REAL shares. The TA then matches that total to what the DTC shows as free trade, and verifies any held by individuals in cert form. (This also gives them a short total.)

The Brokers are then notified by the TA to furnish specific information concerning each individual holder of record on the books by each brokerage. The TA then has to match each brokerage total and verify each individual holding with the DTC. ( this is where buy/sell dates become important) (This also verifies the short total.)


The TA must then contact each brokerage with any discrepancies, and resolve that issue(phantom shares). The brokerage has to notify the DTC that they have XXX amount of shares held in streetname for XXX amount of clients. The DTC verifies with what the TA has, and they determine which are real and which are NOT real. (that buy/sell date thing again) This is when they determine the breakdown of the shorts per brokerage

The TA then requests the DTC release the streetname shares from the respective brokerages. The TA then proceeds with the cancellation of the streetname shares and notifies the brokerages when that is completed. At that point, the brokerage should remove from your account any reference to the shares...unless they are held in an IRA.

Your broker may debit your account a fee for this release of your streetname shares.

Once the TA has the streetname shares released from the DTC, he will cancel them and issue the new certs with the new cusip #, restricted legend stamped on it, and mail them to the address of record you supplied to your brokerage.

IF..and I stress..IF...you happen to receive your cert with PAIV and the old cusip #. It isn't an issue. The cusip is a unique number that will automatically cross reference with the new cusip # for PAVC. Your cert will show your total # of shares with no fractional shares.

I pointed out the buy/sell date thing because it becomes extremely important when the TA verifies with the DTC. Since we know there are potentially hundreds of millions of phantom shares out there, the brokerages will be telling on themselves at that point...most importantly, who sold phantom (restricted) shares. Who bought phantom (restricted) shares isn't so important....the selling broker is the one that has to supply the cert...not the buying broker. Who bought/sold real free trade shares...all that has to be figured out and verified.

This is the main reason the brokers were so difficult in releasing the shareholder information...the longer they held on to the streetname shares, the longer they had to stall...drive down the pps...cover shorts. Once the certs start arriving at homes....and people start requesting their "free trade" shares certs the brokerages will be held accountable to furnish....well...with a float of ~150k....you know where this is heading. GLTY

PAdutch40:

Bull and hemmi say they still love you and want you to come home to HSF

The website doesn't have the August report...I suppose it will be an after the fact piece of information compiled on a monthly basis. Too bad...I was hoping to see daily activity myself. But...what we do get to see is better than nothing.

If your curious to know which MM'S are moving shares, here is a link: this is for PAVC, but you have to use PAIV

http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=PAIV&SortBy=volume&Month=7...

I spoke with one of the employees with Executive Registrar about 45 minutes ago, and was told they are in the process of mailing out certs now. SHOULD be completed by end of month. Of course, this was an employee and NOT Mr. Donelly himself, so who knows just how accurate this person is.

some interesting news from the TA:

from RB

By: smokincache
11 Aug 2006, 06:45 PM EDT
Msg. 12939 of 12939
Jump to msg. #
Just talked to transfer agent!!

I was told they received the reverse split package from the clearing house yesterday. Because of the round up to 100 shares all the brokerage firms were told to give them detailed beneficiary records. The gentleman I spoke to said he has not personally looked at the package but he would bet me a good steak dinner that the needed info is not all there. He also mentioned some massive numbers concerning short positions. He suggested that as soon as I can to request certificates register in my name from my broker and see what happens. I would love to see everyone here request certificates. When the shorts start covering this thing is going to go through the roof. From all my research and cruising at TDA on the phone I am certain they are about to have the pants hung out to dry with the massive shorts they have.

Argonath...your such a hard azzz....lol keep up the good work and sttop by HSF and visit us.

Got off the phone with ameritrade reorg dept. about 45 minutes ago. Per their last conversation with the TA...supposedly earlier this week...the share allocation will be on a first come first serve basis. Meaning the broker that supplied the TA with the CORRECT required information first, will be receiving shares first. Time frame for this to complete....UNKNOWN. Also, as of right now....aturd will NOT allow buys/sells of PAVC until they receive the share allocation from the TA.

rk888, The PR firm told me all shares are involved with the R/S...both unrestrictd as well as restricted. I did inquire again about a possible restriction lift. I was told that managment has not addressed that to Loyola's knowledge. So I am considering our restricted shares will remain restricted...at least until notified of any direct change to that restriction.

Big money, I think it is a good move for us....puts us in a position to move to a higher board. Lowers the amount of shares that can be used to cover with, and if management is playing the game right, which I think they are, we may hear more good news down the short road. I know they want to move up to the bigger boards, just a matter of timing and positioning. I know they are unhappy with the way the brokers have handled the "problem", and aren't motivated to "assist" them in resolving the issue. My concern is people not understanding the positive reasons for an R/S and spurring a dump and run mentality.

I just spoke with Loyola, they have confirmed that tomorrow will be an R/S 1:200 that will make the A/S 125 million shares and the O/S approx. 25m shares. The new ticker symbol will be PAVC. again...THIS is from Loyola which is PAIVIS PR firm. 125m A/S ~25m O/S

any one holding shares below 100 will be rounded up...don't know if that means 3432236 will become 3432300, or just 75 moves to 100.

I also asked about the restriction possibly being lifted...he said that was not mentioned to him. So as it stands, I will expect we will still be restricted until otherwise notified.

So it appears the new symbol will be CSHC.

check their website...www dot cvsu dot us

Kermit, just a word of caution....they CAN freeze your account and sell off what you currently hold as repayment. Don't think they can't or won't do it, because they will NOT lose THEIR money. They can and will go after anyone legally if in fact the determination is shares should have been restricted. To put it bluntly, they WILL get theirs. If it costs the shareholder...oh well. So far, millions of dollars have traded hands today on this, and don't think for a second that the big brokers are going to absorb this kind of loss. Just won't happen. They will take whatever steps needed to recover from this, and NOT at their expense. It's not fair, but ya know...it is fair at that. Shareholders KNOW their shares are restricted, and that in and of itself implies culpability on the shareholders part. This has been public information for quite a while, so pleading ignorance won't cut it. As I said...just a word of caution.

Per the SEC, IR firm, and MY broker...TDA, all shares that were sold that SHOULD have been restricted will have to be bought back at prevailing pps at the time required to repurchase. So, if you sold ant say $.0015 and the pps goes to $.0025, you will have to repurchase at the higher price. Doesn't seem to matter that the TA appears to be the responsible party here. IMO anyone that sells shares they know SHOULD be restricted are taking a major risk.