The announcement PVEI requested FINRA to make regarding a distribution of an unidentified series of preferred shares with as ratio of one PS per 175 shares of PVEC shares owned with a record date of 4/15/14 was issued to the OTC Markets News Service over a week ago and PVEI has issued no public clarification.
Jason Baker, the self-proclaimed PVEC CTO, supposedly claimed that the company would issue a PR during trading hours on Monday 4/1/14 yet no PR has been issued subsequent to the FINRA announcement.
Interestingly, Jason had also claimed in a PVEC "Radio" post that there was going to be a "twist" in the "gift distribution" previously announced that would make all PVEC "solid investors" happy but never further explained this "twist."
It's reported that Kerry Thacker has claimed that there were inaccuracies in FINRA's announcement and the PVEC's SEC counsel has reached out to FINRA. However, like Jason, Kerry has apparently not clarified this bizarre situation to PVEC investors.
At this point, it appears that only company insiders and probably FINRA know what is going on.
Do not be surprised if you wake up one morning to learn that PVEC stock has been suspended by the SEC. IMO it is certainly deserving of such action.
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