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Re: CorvetteMark post# 5659

Saturday, 05/20/2006 12:06:48 AM

Saturday, May 20, 2006 12:06:48 AM

Post# of 5730
<<don't know why KG4...but I like you. You seem to be an okay guy. >>

LOL…I just asked my wife why she likes me ;>)

Thanks…..Seriously though, those that KNOW me, typically like me. However, what you get from me is brutal honesty. I call it as I see it, and I am not shy to call ‘BS’ on either pumpers or bashers with hidden agendas….

So I tend to get labeled as a basher, a pumper, an mm, a short…you name it……But in reality I am simply an investor who ..as I said, I call it as I see it regardless of my position and that tends to rub people the wrong way….

But, some of my best ‘investment friends’ are people that …well, lets say we didn’t start out as buddies, but learned that honesty and smarts is what counts and many close bonds have been formed over the years…..A good example of my honesty is, and there are posts on SI in which I discussed this today with a few people both publicly and privately…I had no intentions at all of buying ‘the new company’. My history with JPHC is outlined somewhere on this board…..But, I saw what was occurring early and heck, down 95% I bought. Filled between .0008 - .001. Why? The ‘debacle’ that caused the drop….next, it is no secret I don’t like this deal and I think they will run the new stock up and down before blowing it up and only insiders or those with free trading CHEAP shares in the new company would profit. Well, the debacle caused it to get cheap<lol>, so I bought simply as a gamble..if she gets halted or never rises, as I said no biggie…but, she could be good for a 10 bagger or more from where I bought, maybe more if they do what I think they will….Knowing such a large portion of the float is restricted, they can raise this a lot, allowing insiders, mm’s and etc to make plenty of money with their free trading shares, while knowing most cant sell causing a dump in the pps and they can run this up and down like a yo yo. Eventually, they will blow it all up, imo….before the restricted shares become sellable, so only those with cheap free trading shares will profit, imo….Now, where the honest comes in….I have been long in the new company since early today obviously….obviously I want to see it go up…but will I pump this deal? No. Will I say I like the company? No. Will I refute people saying they better buy now or they will be forced to buy higher? Yes. It is just simple honesty…I am in this now because as I said…the debacle that created the 95% drop and what I think may occur before it all ends…but, I will not say I like the company….I will not BS people or pump it just because I am long…… I will call it as I see it……

<<Anyway...yep it was a little alarming to see my converted shares drop 90% in value BUT I quickly bought some cheap unrestricted Paivis shares to hedge my converted ones. I think it will be an interesting stock to watch. At the very least it will help me keep my mind of AURC, EDEX, and a few others. >>

Very smart move…as I posted earlier, those buying the free trading shares may have a very good play…I still don’t like the company and I wouldn’t have bought if they didn’t mess up and cause the huge drop to create the opportunity…but the opportunity was there and I think you made a smart move…...as I said before the deal….why would one want to hold restricted shares of a troubled company…..better to sell, buy the free trading shares if they are cheap and ride the yo yo like moves that likely will be created….I suspect those that have only the converted restricted shares are going to be upset watching it go up and down without them being able to trade and then it ending up being worthless in the end run, while those like you, will rest easily are you are far more likely to now make enough profit, possibly, by doing what you did, so that you wont worry about the restricted shares..they can be worthless, but your ‘hedge’ may make you lots of profit…..Frankly, with everybody claiming how great this deal is…I wonder why folks weren’t buying when it was down 95%, as you did and a few others, but most were deer struck in the headlights not knowing what to do…for me, this is nothing more then a gamble play I think will pay off…if not, again no biggie…..but, again, I wont pump this deal or this new company..I think it will fail, but this is the casino and mucho dinero is made on failed companies daily…..

<<I do not know of any true long on this board that sold any more than a small handful just to see if it could be done as others were saying first thing this morning. All of us have held tight and I for one will not get frustrated at the ups and downs of my converted, restricted shares b/c I knew coming into this stock that it could be a 2 year wait. It's all paper until one sells. HOWEVER, I think one of the best buys I've seen in a while is Paivis at .001. Sure to make at least a 5 bagger fairly quickly.>>

Excellent points…I think more shares were sold then folks realize, though….thats too obvious…but, I think you made the right move….if it works, you may have worthless stock in 1 year, but you may also have very large profits on your free trading shares and agree…due to the debacle and the games I suspect they will play, yes, .0007 - .001 may be great plays…..

<<Anyway...hope you continue to come and visit us on the PAIV board that I moderate. Try to keep your cool in your posts and not personally attack anyone (meaning don't use names) and your posts will be welcome there.>>

Thanks, mark…No prob…..I’ll be honest and I’ll try not to use names…but you have to admit, that was pretty lame of ‘the dog’ <g>, to try to deceive people into thinking they will be forced to buy back what they sold, higher…that is pure lunacy…..LOL…just who exactly is going to force them to buy higher?? It just does not work that way…it’s almost ludicrous he could say that…

honestly, it shows he is either full of BS or has very little knowledge….I am not attacking the guy…simply stating the truth…..and sometimes the truth hurts..There is no possible way they can FORCE those that sold to buy back their shares higher……NONE….Unless it is all a 100% scam with counterfeit vapor shares, ie : bcit…and to the other poster who also said the same thing, I will post and tell him why he is not correct….LMAO..I really cant believe dog said that…..

Thanks again Mark…..Keith....I assume you have a vette..what kind? I had a 650 hp 94 model.....got rid of it and did a 850hp ( rear wheel hp, not flywheel) viper.....then turned a 96 convertible f-body(firebird) into a 600hp beast....now deciding whether I want to mess with one of the new vettes....


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