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Tuesday, July 25, 2006 4:57:42 PM
From the otcbb site: http://www.otcbb.com/help/cms_includes/OTCE_Short_Interest.stm?symbol=paiv&SettlementDate=07%2F1...
Firms are required to report their short positions as of settlement on the 15th of each month, or the preceding business day if the 15th is not a business day. The reports must be filed by the second business day after the reporting settlement date. The short interest data is compiled and provided for publication on the 8th business day after the reporting settlement date.
Firms were to report shares short by the 14th. Then those reports had to be filed on the 18th.
We know that as of July 12, However, PAIM has not received any of the 27,000,000,000 common shares subject of the buyback. http://bigcharts.marketwatch.com/news/articles.asp?guid={E9D0D692-7847-4D40-B0FB-C937D93DE0BE}&n...
We are left to conclude that there is AT LEAST a short position, but that many firms had not reported in time because they didn't know. Thus, the short position is mostly likely MUCH more than 9 million.
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