From Pavc's 8-K:
ITEM 8.01 OTHER EVENTS.
On October 5, 2007, Paivis, Corp. (the “Company”) executed a binding term sheet with Trustcash Holdings, Inc. (“Trustcash”), that outlines the preliminary terms of a stock acquisition whereby Trustcash intends to acquire all of the issued and outstanding common and preferred shares of Paivis on an exchange basis that will value the Company’s common shares at $1.30 per share in exchange for Trustcash’s preferred stock, subject to an independent price valuation of the Company’s common stock and also includes the exchange of new classes of Trustcash’s preferred shares to mirror those rights and preferences prescribed for existing preferred shares of the Company’s designated classes of preferred shares.
We'll see....
