I admitt, It will be a mess to clean up......How will they clean it up? Too hard to say not knowing all the details, but no way will people be forced to buy back what they sold higher, unless they sold vapor/counterfeit shares, and even then, it should fall back to the broker in that case as all the individual knows is the shares are in their account, they did not sign any forms concerning the restrictions, like you would if they were 504's and etc....The restrictions on this stock do not require you to sign anything..it all falls on the broker if they let you sell restricted shares of this kind, or the company if they didnt dot i's correctly which meant the brokers had every right to allow sales to go thru.....regardless, it is a mess...it sure doesnt lend confidence that these 2 failed companies joining forces have now figured out a way to conduct a legit business.....this was a mistake, that when looking at it, really makes you wonder how they could have done this and honestly, there is 'speculation' going around that they may have actually done this on purpose...just speculation........But yep, it is a mess and it will be interesting to see how they undo this mess....is it possible that those that bought on the cheap will also have their buys reversed? It shouldnt happen, but it could...and I will refer you to BCIT on that one....I hope my buy isnt reversed, but if I bought shares that dont exist, you can rest assured I wont get to keep them <g>, but I hope that isnt the case....I suspect this fiasco will either lead to a move back up in PPS, or it may be the first kiss of death planted on the companies cheek......No way of knowing for sure until we see what the company says and what they plan to do to correct this..and then see what happens....and I hope they put out something soon, as the SEC may be slow, but in cases like this...if company doesnt do something, and do it fast, just like BCIT, they will slap a halt on them in a heartbeat as this is a mafor snaffu in the eyes of the SEC...and even if they do PR something, the sec may still jump in..again, I refer you to bcit...company did everything they could to explain what was going on and how it wasnt their fault...didnt stop the SEC from halting them, and you probably have seen how that one played out....so, it is simply wait and see time. I am frankly surprised they didnt PR anything yesterday or today...I guess the company lied to me again, as they did say they were working to correct the issue and would hopefully have a pr out out by end of the day, if not they said they would have it out by this morning....yet I dont see anything as of yet.....I for one called my broker yesterday and 'called in my certs' on the shares I bought yesterday......
<<BTW...I agree one should not pump a stock either. A good stock doesn't need to be pumped. However, yesterday was another story. I did kind of pump PAIV trying to get the other longs holding converted shares to buy up the unrestricted shares seeing this to be a pretty good gamble and like you said....I do believe in Paivis and thought yesterday's dirt cheap prices to be a steal so I loaded up the Vette ;0 and bought some more. So please don't take my yesterday posts as real pumping. Just trying to make some folks a quick buck off of this pretty crazy error.>>
Na, thats not pumping...thats just being honest..if you like the deal, then I assume you like the stock down 95%...no deceit, just pure honesty...nothing wrong with that at all...and I agree....it may be a gamble but under .001, I think it is worth the gamble...but of course I would only throw 'casino' money at it.....the buys under .001 will either be reversed as well, or they wont and if not, than it will either lose by dropping further and never recovering or it will go up, but I am fairly certain it wont just sit at .001 forever<lol>....People will either have their buys washed, or they will lose or win, and if winning, I suspect it will be a 'nice win' if you bought under .001 and it gets back to .005 - .01 - just no way to tell right now....again, I was hoping for some 'news' and not news saying the SEC is halting them <g>
The hell with mustangs and those little rice burners....They can run juice, blowers, doesnt matter...I laugh at them and blow their doors off...but, you read my mind..I am loving the new Z06.....have a great weekend.....Keith
