"MUST READ"...THE DTC ACCOUNTS FOR VDSC SHARES AND ALL OLD VDSC SHARES MUST BE SURRENDERED BEFORE THE NEW SHARES OF PVEC CAN BE ISSUED "BUT ONLY WHEN THE SYMBOL IS CHANGED", NOT THE CUSIP CHANGE ALONE.
The cusip change alone would not trigger short covering, Because the DTC would only make all former shares of VDSC accountable before they allow the issue of the new shares of PVEC. They don't do this for a cusip change alone unless the symbol change is done at the exact same time. I believe this is the reason why he waited to change the symbol.
If the cusip and symbol changes are done at different times, Then The DTC does NOT make the change effective on the company shares until the symbol is changed, "NOT WHEN THE CUSIP IS CHANGED" so knowing that the cusip has already been changed is EXCELLENT NEWS!!!
This means that all of the shares under the symbol VDSC MUST BE ACCOUNTED FOR AND SURRENDERED, BEFORE THE NEW SHARES OF PVEC CAN BE ISSUED. And since the cusip was changed, EVERY SHARE THAT WAS BORROWED TO SELL SHORT WITH MUST BE GIVEN BACK BEFORE THE NEW PVEC SHARES CAN BE ISSUED, THIS IS EXCELLENT NEWS!!!
The DTC would not do this when the cusip is changed, unless the symbol was changed at that same time, so since the symbol was NOT CHANGED IN AUG. THERE WAS NO SHORT SQUEEZE BECAUSE THERE WAS NO ACCOUNTING & EXCHANGE OF SHARES UNTIL NOW!!! So yes I believe this was masterfully planned out, in my opinion anyways!!!
Like I said before, I believe Peter is getting some very excellent strategic advice from someone who is a Professional in the Stock Market, possibly someone who worked for a Hedge fund, just judging the way they are doing certain things. This is some aggressive strategic defensive measures to combat the manipulation that's been going on. This is something you don't see much in the Penny markets.
