News Focus
News Focus
icon url

A Friend

05/10/07 1:07 PM

#15697 RE: tax_man #15688

Thanks for the Update Tax Man & Dallas66.

It appears to me that whoever came up with this Rule 144/Certs situation are scam artists. At this point, if it takes 4-6 weeks to file the SEC 144 forms, coupled with the recent decline in the PAVC stock price, you could potential pay more in fees, than what you'll net in selling your converted shares. This also doesn't include any payoffs that go to Banks/Attorneys/TAs/Paivis to obtain a legal statement authorizing the sell of shares. Finally, there is no guarantee that my broker will even handle these certs. (What a bunch of BS!) With all the hoops the you need to jump through, it's almost not worth the effort. I hate to say it, but I might be better off taking my certs when I receive them, and create a door mat with them. That way I can be reminded when someone stops by my house and wipes the dirt and mud off their feet onto my Paivis Rule 144 door mat, to never get involved again in another Rule 144 situation. (ARRRGGG!!!)

Oh well, I can only blame myself for buying this problematic stock.

Good luck to all !!!