Replies to post #16685 on PAIVIS Corp (fka PAVC)

[Bigdogs]

Tax man

Until the physical certs are in our hands the brokerages have control over every single one of them until they are in your hands.

When the brokerages were working with Donnelly and they told everyone that everything had been sent to the new transfer agent the brokers were still on the hook as far as your shares were concerned until they reached your hands.

Right now the certs still are not in anyones hands yet and remain at the brokers so they can use our shares against us until they are no longer remaining at the firm.

I talked to the transfer agent about this and they basically said that until your certs are in your hands the brokers are on responsible for them.

So that is why i think its in everyones best interest to get there shares out of the big 3 and put them into a brokerage that has not given anyone any problems.

Im going with Bank of America and once the shares start to be mailed out the brokers will most definitely have to cover any shares that are short on anyones accounts once they send them out.

Also know that MMs have special clauses that let them short a stock as much as they want and let them cover whenever they want without a timeframe. That is why noone will ever know the Mass amount of shares that they have shorted because they dont have to report them to anyone.

[Dallas66]

tax...you hit the nail right on the head...."although I can't see any way to prove that's what they're doing". As retail investors, we have very little recourse, and we have ZERO access to their records. We can't "PROVE" a damm thing against them...that is why I constantly post to correspond with them through email...once you have a hard copy...that is real evidence. I have called the DTCC on several occasion requesting information involving this...have been laughed at...hung up on...and flat told "we will give you nothing". The DTCC is a private company...not much of a chance getting anything from them...ever. and we all know THEY know we have not the money to pursue this through the courts....so the bullying goes on.

Bottom line is the company SHOULD have responded a long time ago...I know they did to a point, but wouldn't/couldn't make that aspect public until now. Hopefully with the majority of the cert issue soon to be behind us...they will pursue broker actions that have proven to be detrimental to the company/shareholder.

[Argonath]

This is an interesting note in regards to ... can these Brokers allow short selling on the OTCBB and Pink Sheets.

"Ameritrade to Offer Short Sales of $5 and Under Stocks
5:25 AM EST
Posted by Thomas J. Catino
The newest site feature on Ameritrade is that there is a new way to trade small cap stocks. It is now possible to short sell stocks under $5. No longer are market makers only able to engage in short sales of smaller companies. Another change coming soon will be free level two quotes for pink sheet securities. This should come in direct competition with many brokers such as Alphatrade, that have long thrived on providing special small cap services. Yet, when promoting these new features, Ameritrade makes it clear to point out that when trading OTCBB and pink sheet securities, you can lose your entire investment. It's a no brainer, and so is there ability to finally offer these services to investors. It has been a long time coming."

http://www.antandsons.com/2005_09_01_antandsons_archive.html

So for those who think that you can short Pinks/OTCBB ONLY offshore had better wakeup. Notice the company? Hmmmm who was the biggest culprit in the JPHC/PAVC fiasco?

Argonath

[meffoos]

Tax man This problem did not happen over night.It started a year and a half ago in JPHC the crooks cellar boxed to the tune of over 5 billion naked short shares,then combine with buyout/merger with APO Health care,then name change to Pavis cusip number change more naked shorting PAVC(which were restricted) Then some careless brokers put reg shares in accs. instead of markers or restricted and caused a worse shorting mess. Now are you starting to see what a mess this it is?


MEFFOOS