Mad as Hell ?

[Willboat]

Here's my first rant:

Paivis Corp. to Seek Range of $0.04 to $0.05 per Common Share for a Dutch Auction With Trustcash
Jun 26, 2008 9:30:00 AM
View Additional ProfilesATLANTA, GA -- (MARKET WIRE) -- 06/26/08 -- Paivis, Corp. ("Paivis" or the "Company") (PINKSHEETS: PAVC) today announces it seeks for its shareholders a range of $0.04 to $0.05 per common share for a Dutch Auction preferred by Trustcash ("Trustcash") as a way to acquire control of Paivis.

Since being notified of Trustcash's preference to implement a Dutch Auction, Paivis feels it is a positive step forward for our shareholders when considering how Dutch Auctions can be conducted.

A Dutch Auction provides a way for Trustcash to purchase large blocks of Paivis common stock below the proposed $0.10/share purchase price of the planned merger.

Paivis appreciates Trustcash's prudence with its efforts to save capital as per the merger financing. Regardless, we believe a range of $0.04 - $0.05 per common share is fair for Paivis shareholders who wish to participate in a Dutch Auction because the value we bring to Trustcash is greater in our opinion than the current market price of Paivis common stock would suggest.

We look forward to moving forward with Trustcash and continuing our efforts deliver value for our shareholders.


The following has been sent to the company at www.paivis.com

What's happening to the $.10 promised for the last few months? Why would TCHH try to buy PAVC @ .04 - .05 when they can buy all they want on the open market @ .008?
Smells like a scam.
An answer would be appreciated. No answer in two days will trigger an SEC complaint.