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Re: Bigdogs post# 227

Saturday, 05/20/2006 10:53:23 AM

Saturday, May 20, 2006 10:53:23 AM

Post# of 27672
BigDog I agree and

The only other thing that may happen is those that bought Paivis on Friday may have their orders reversed Null and VOID with no Loss to you account.I hope this is not the case but this looks to Good to be true.
One problem is some may have sold another posistion at a loss to buy Paivis on Friday.

Someone did Illegal unethical practices here and should be held accountable. Ameratrade is the first place to look and how they got restricted shares so fast and put them on the market unrestricted.
I am sure they Ameratrade have a protection clause in the Customer agreement protecting them in situations like this. If they do then the seller of the restricted shares will be held accountable IMO. The Brokerage house will not lose.

Isn't it funny how Ameratrade is the only brokerage firm mentioned doing this Paivis tradeing on Friday.

Also DTC who is suppose to be the Distributor of these Shares where were they? There is so much corruption I am Afraid that these culprits will get away with nothing happenning to them.

For months JPHC shares have been Naked Shorted, it has been figured they were a Billion or more short on JPHC.

Now this situation happens on Friday,is it just coincidence?
I don't think so it was a planned strategy by a corrupt System IMO.

Good Luck to all

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Blisson dont think so.

I talked to Loyola a few times on Friday and it looks to me that everyone who sold will have to rebuy all of there shares at market prices and most likely the brokerages will get authorization to do it themselves. And yes this can happen and seems to be legal.

Everyone who sold knew there shares were restricted and basically broke a contract that was written in stone that said the shares were restricted and you did it anyway.

Its like receiving a million dollars by accident in your account and you go out and spend the money knowing its not yours. Its illegal and it will be corrected.

45 million of market cap was erased by this mistake and it is going to be fixed per loyola and back to where it was originally which is .01.

From what im hearing the people who sold could literally lose everything including there house if they sold at .001 and have to buy back at .005 to .01 if the news is true.

They will catch the party who started this illegal crap and I hope there prosecuted.

My big guess is that this had something to do with all the naked shorts that never covered. No coincedence in my opinion.

All in all my guess is a pr will come out MOnday morning before open clearing all this up and forcing all of these shares to be bought back.

And if the mms are naked shorting these shares they must cover because noone is allowed to short restricted shares.



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