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Re: roiresearch post# 94407

Wednesday, 12/18/2013 2:47:49 PM

Wednesday, December 18, 2013 2:47:49 PM

Post# of 148335

The confusing part is having to raise the a/s at the same time that up to 750,000,000 shares will be retired in conjunction with a 340,000,000 share buyback.

The share repurchase announcement was obviously bogus from the time it was made. Companies that have essentially no cash, can't pay their bills, are heavily in debt with court-ordered lien judgments and are constantly increasing the number of authorized shares aren't in any position to do a share repurchase.

PVEC spokesperson Kerry (aka "PG") announced in the 12/11/13 conference call that "several" press releases were issued without company authorization and need "corrective" disclosures. It seems very likely that the PR announcing a "buyback" of up to 340 million shares is likely one of those false PRs that needs to be "corrected."

PVEI's official transcript of the 12/11/13 conference call: https://pveinternational.com/Documents/PVEC_CC_12_11_13.pdf