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That's what suckers people in. They go "WOW! I can get 10,000 shares for a $1? All it has to do is hit a dollar and I'll make $10,000!!!"
LOL! Easier said than done.
I hear that lottery comparison a lot, but the lottery only costs $1. If someone were to look at Paivis as a gamble, they'd be risking a lot more than $1 to play.
Chicago, there already are stock indexes with requirements like the ones you'd like to see, the big boards -- the Dow, S&P and Nasdaq.
What the pinkies are is a massive unregulated market of up-and-coming stocks (and flat-out scams) too numerous to effectively police. They're like the Wild West of the stock market, but their existence in some ways fosters risk taking and creates a relatively effective way for very tiny companies to raise capital.
I don't think it's realistic to enforce the same rules on pinkies that the SEC enforces on blue chips without dramatically increasing the size of the SEC, which would probably do more harm than good. That's why I advocated better outreach/educational efforts by the SEC, to make it 100% clear to potential investors what they're getting into when they buy a penny stock -- not just a gamble, but perhaps even a total scam.
I think the solution is probably somewhere between our two positions: greater SEC outreach coupled with more resources to go after the truly egregious violators (like Paivis).
The SEC/government deserves some of the blame, but it's not entirely their fault. They don't go, "OK, Mr. CEO, we're forcing you to lie to your investors and to pocket money that you should be reinvesting in your company or paying shareholders in a dividend."
The SEC isn't forcing these execs to be lying, cheating scumbags.
What's this about reach arounds? :)
Good summary, Dallas. It boils down to the SEC. Like you, I've filed numerous SEC complaints against JPHC/PAVC, the last of them at least a year ago, but unlike you I never even got a telephone call in reply.
I think the SEC takes a "buyer beware" approach to pinkies, which I understand, but then there should be a more vigorous effort to constantly and consistently educate the public about the risks. There needs to be better outreach to warn traders what they could be getting themselves into when they "invest" in these things.
The standard disclaimer about the risks associate with investing in pinkies doesn't suffice. It's nearly the same disclaimer used to describe trading on the big boards, yet the risks are far greater. They're greater because the execs of penny companies like Paivis can and do pretty much lie through their teeth with virtually no accountability or regard for the law.
OMG! OMG! OMG! To da moon!!!
I hadn't dropped by the board for days and thought, "Gee, I wonder what's going on with Paivis. Maybe it finally took off."
Nope... (twiddles thumbs)
Hi, A Friend. Yes, I cashed out of the market last August and just started buying blue chips about a month ago.
I think value investing in blue chips right now is the way to go, at least for me. Forget penny stocks when there are so many Dow companies at these awesome levels, and I think the overall economy has started to turn around.
I just peek into this board every couple days to warn newbies about Paivis. Takes all of 30 seconds and feels like my good deed for the day. Nice to see you again.
Because crooks have HEAVILY manipulated it to sucker newbies into throwing their money away on the stock.
You may not know this, but Paivis was in the dollars a few years ago. It went from the dollars to sub-sub-penny.
I show the PPS still at .0001.
A fluke? No. A joke? Yes.
Nothing could happen. It's 100% dead in the water.
The only thing I can see potentially happening to move this stock much would be another big reverse split. One "could" temporarily, artificially inflate the price. The hype surrounding a reverse split would attract drive-by traders and hype-mongers looking to pump and dump the stock, but very, very, VERY few people would be able to time something like that correctly
The vast majority of people who bought into this company after any reverse split/pump and dump would take it in the shorts.
Bottom line: it's a dead turd scam, but don't just take my word for it. Look up at the chart. The price is at a regulatory bottom. Think about it. If there were ANYTHING promising or sincerely positive about this company at all, it wouldn't have been sitting on the investing floor at .0001 these past many months.
If that isn't the definition of dead, what is?
Sarcasm? Which three months and what advances?
It's like an echo chamber up in here... There's about as much interest in this board as there is in the stock, LOL!
And can you blame anyone? This company is 100% pure scam and has been ripping people off for years. The company ticker changes and machine gun press releases can't hide the actual record.
Scam.
Why does it have to mean anything?
It's someone trying to spark something. They're trying to lure gullible people into thinking this turd has legs.
(10/5/2007) - Paivis, Corp. is pleased to announce that it has signed a definitive agreement to acquire 100% of the current assets of AAAA Media Services, Ltd., a Georgia-based company ("A4"), that generates approximately $36,000,000 (unaudited) in revenue.
A4 is one of the leading distributors of T-Mobile, AT&T and Boost Mobile prepaid wireless products. A4 distributes these products amongst others through their master dealer agreements to over 7,000 locations in the continental United States.
The closing date for this acquisition is planned for November 15, 2007. The closing of the acquisition is subject to completion of a financial audit and other conditions. Paivis has also agreed to provide working capital financing as part of the transaction. For more specifics on the terms and conditions of the acquisition see the Definitive Agreement which will be filed with the Securities and Exchange Commission within the required timeframe.
Commenting on the completion of the definitive agreement, Edwin Kwong, Paivis, Corp. Interim Chief Executive Officer, said, "We are very excited with the signing of this definitive agreement. This acquisition will boost our revenues tremendously and provides a natural extension to our current business model with the introduction of prepaid cellular products. We are glad to be able to bring this additional value to our shareholders upon closing."
Virasack Tiger Athakhanh, CEO of AAAA Media Services, Ltd., stated: "We have been seeking to expand our business for quite some time and we can now do so as part of Paivis, upon closing. We are now poised for growth as part of a very robust prepaid company."
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7-Eleven, and Chevron.
About AAAA Media Services, Ltd.
AAAA Media Services, Ltd. ("A4") is a leader in the wholesale and retail distribution of prepaid wireless services, specifically airtime cards for companies such as T-Mobile, Cingular and Boost. Based in Doraville, Georgia, A4 has developed a nationwide distribution network that comprises Wholesalers, Jobbers and direct retail establishments. For more info on A4 please visit the Paivis.com website.
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PLSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
http://www.marketwire.com/press-release/Paivis-Corp-778106.html
Paivis has one trick and one trick only. They can manipulate the volume. They figure that if the stock comes up on the momentum charts and looks like it's getting ready to break that it'll attract new money.
Sorry, guys, it's not working. ;) After years and years of scamming investors and releasing fake news, you'll have to do better than that.
God forbid you actually try to run a real business.
In their PRs Paivis talks about how they've got calling cards in gas station convenience stores... Why don't they just forget the calling card business and buy an actual gas station instead? The average gas station earns a lot more money than the $zero EPS Paivis does.
HA! How the hell is Paivis supposed to buy a company with revenues (supposedly) of $50mil? They haven't got two pennies to rub together yet we're supposed to believe they could buy a multi-million-dollar business? If they could have, they would have long before they let the PPS bottom out.
For starters, there's no way in hell A4 does $50mil in business -- no way in HELL. Second, we all know Paivis is flat broke. They haven't got money for this or any other deal.
Is it fair to say that Lawrence Sands is a scumbag?
Is that out of line? I mean, we all know he's a crook, right? We know he's trying to bilk people out of their money.
Didn't they first announce this bullsh*t acquisition back in October of 2007?
LOL! They spent more to distribute that PR than they earned in 2008.
The Paivis business plan has 1 step and 1 step only.
Step 1: Send out fluff PRs on a semi-regular basis.
Anyone still here? (I mean besides the Paivis "execs")
That's for anyone who says "It's already at .0001. It can't go any lower."
Yeah, right.
landmanstock, I got into Paivis back in 2006 and by 2008 had already written off my investment as a loss. I've hung around since then out of morbid curiosity and to warn people about the company. These guys are flat-out 100% crooks.
And even if "someone" were to start buying again, the question becomes Who's buying and why? Don't put it past these crooks to attempt to manipulate the market. They've been doing it for years. Take a look back at all the puffery and bullsh*t promises in their press releases -- the dividends, the mergers and acquisitions -- all lies. Everything was designed to manipulate the market and to sucker newcomers into buying, with nary an ounce of truth to any of it.
Right now I hold a whopping 100,000 shares, LOL! So who knows, right?? TO DA MOOOOON!
The board's about as dead as the company.
Lots of people did. Just about anyone who bought more than 2 weeks ago and hasn't bailed is under water on Paivis.
Zillions, of course, so like $8 worth, LOL!
Statistical noise... After weeks at .0001, it spends a second at .0003? Can it be easily sold at .0003?
The stock never recovered from that last R/S. It has literally fallen 99.99% since then.
As for the restrictive legends from the shares, I don't think the company ever intended to make good on that dividend that started at $1.50 and then ended up $0.10... which was still never paid.
For a long while the stock was restricted from buying on Ameritrade and a couple of the other online brokerages, too, and I think that discouraged some restricted share holders from trying to remove the restriction. They figured why do it when the stock is tanking.
Just a scam a zillion different ways no matter how you look at it.
Something shady. I think they're going to announce a reverse split eventually, probably shortly after another press release promising another big merger or dividend.
But like all of the other mergers and dividends that never actually happened, this one won't either.
The price is stuck at the bottom, so if you've been following Paivis for long, it looks like the only way the company execs can continue to scam any more money out of investors is by doing another reverse split.
Paivis is stalling. The company is trying to lay low before unveiling their next scam.
And to anyone who'd say to that, "Maybe they're just busy with work," you obviously haven't been following Paivis for long.
I'm just assuming the previous dumping is continuing. It looks like the only reasonable explanation for the volume to me, considering the price not moving.
Is this a Valentine's dump in prep for the reverse split?
Actually, I think we know what to expect.
The stock has been a real money loser for shareholders for a long time. No reason to expect that to change.
This reverse split once before right when people were claiming it was a smart short-term gamble. Since the reverse split it fell from more than $5/share down to .0001.
Not only is it a scam of a company, but it's a shareholder scam. A lot of people who thought they'd get in and out quickly got stuck holding the bag.
Lots of people thought they'd buy low and sell on news over the past couple years only to see it actually DROP on news.
This is dead in the water. It's a fake company.
I agree about a reverse split. That's my guess too. I expect an announcement soon.
It'll split and then do the same thing from the new price, all the way back down to .0001 again.
Rest assured, these crooks are hard at work plotting their next press release, brainstorming new bullsh*t dividends and fabricated payouts like they've done about a dozen times before.
Yet not having to worry about actual real life business expenses -- since they aren't a real business with real overhead -- means that Paivis can probably stay in "business" forever, watching and waiting until the bad publicity dies down enough for them to release another fabricated PR blitz to cultivate some new investor interest in their scammy little stock.
I guess I'll just have to keep stopping by every couple days for the rest of my life, LOL!
Have a good weekend, Sky King. Chances are I'll catch you again on Monday. :)
Swindlers will point at the price and the notion of "you have nothing to lose." They would have people believe that the stock has already lost everything it possibly can, so it has nowhere to go but up. Of course, that discounts the prospects of a second reverse split, which we all know is a distinct possibility.
They'll point at even the slimmest shreds of hope in the company's dubious PRs and try to say, "Well, if any one of their initiatives pans out this thing could take off!"
Nonsense. This thing is a scam, and a lot of hopeful investors have lost serious $$$ buying into the bullsh*t.
That it does. Caveat Emptor (Buyer Beware).
Good luck with that.
I don't know... What can you do to help?? Basically I just try to keep newcomers aware of what the company has said and done in the past. I think that's potentially more helpful than anything else I can think of.