PAIV Paivis Corp #1 shorted stock - update August
Alert Price: $0.0027 - May 23, 2006
July 20 HOD: $0.28 - Price Gain: +10,270.4%
UPDATED July 29: InfinitiStocks is maintaining its Short Squeeze Alert for Paivis Corp. As we head into August, the PAIV short position remains uncovered - and perhaps even larger than before. The first-ever OTC Short Interest Report, requiring NASD members to report short positions on all over-the-counter equity securities on a monthly basis, was published July 26. We were not surprised to see PAIV rank at the top of the list. With just 57 million legitimate shares outstanding, a whopping 239,455,555 additional short shares were reported as of July 14. PAIV is now the single most shorted stock in the OTC.
According to Paivis transfer agent Executive Registrar & Transfer, the long-awaited PAIV merger shares have still not been cleared through the DTC. This provides some confirmation that possibly billions of "phantom shares" issued and sold through Ameritrade were not authorized by Paivis Corp. Despite continuing requests from the transfer agent, only a few brokerages have submitted a full accounting of pre-merger positions held by their customers. Net result: rightful owners of PAIV merger shares have still not received the stock they were promised over three months ago.
Wild price swings have become the norm in the past several weeks, with PAIV shares reaching highs of $0.28, and dropping as low as $0.046. InfinitiStocks urges our readers to proceed with caution should they choose to trade this stock. With powerful market forces creating extreme volatility, the opportunity for enormous profit is countered by extreme downward pressure, possibly generated by additional short-selling. Intraday gains and losses in excess of 40% make this a stock for experienced investors and day traders.
July 19: Ant & Sons: Paivis Corporation: The Ultimate Penny Stock Short Squeeze
June 29: Paivis Provides Information Regarding the Exchange and Delivery of Shares
May 25: Feature Story: PAIV "Phantom Shares" Debacle Unresolved
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