full-disclosure - PIVX IS BANKRUPT

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From: venom at gen-x.co.nz (VeNoMouS)
Subject: PIVX IS BANKRUPT

ummm WHO GIVES A SHIT??
----- Original Message ----- 
From: <lor.tharholm@...hmail.com>
To: <full-disclosure@...ts.netsys.com>
Sent: Thursday, March 03, 2005 5:47 AM
Subject: [Full-Disclosure] PIVX IS BANKRUPT


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> It is common knowledge amongst the security community that the
> reverse shell merger (lowest form of financing generally reserved
> for penny stocks and mining stocks) company called PIVX SOLUTIONS
> INC has zero traction since its inception. It is nothing more than
> a vehicle to try to make the primary shareholders rich quickly
> 
> - the product called Qwik-Fix Pro, PIVX's flagship product is the
> laughing stokc of the security commmunity, nothing more than a GUI
> wrapped around Window OS registry files. Coded so poorly it looks
> like the sample product of a 10 year old child's first code efforts
> 
> - the primary auditor of PIVX SOLUTIONS INC cite: "On January 12,
> 2005, McKennon, Wilson & Morgan LLP ("McKennon") resigned as
> Independent Registered Public Accounting Firm for PivX Solutions,
> Inc. ("PivX")." stating that it had; cite: " substantial doubt
> about PivX's ability to continue as an ongoing concern" (source SEC
> Filing: :PIVX SOLUTIONS, INC. 0001160420 8-K 1/20/2005 1/12/2005)
> 
> - the principal Geoff Shively was recently outed as a non-player
> in the security community cite: "But the source didn't want to stop
> there. He says he and his friends are laughing at the story because
> all of Shivley's claims are patently false" (source:
> http://www.networklifemag.com/weblogs/securitychief/2005/007302.html
> )
> 
> - there are no sales of note for this product called Qwik-Fix Pro,
> PIVX's flagship product, there are no distribution agreements of
> note for this product domestically or internationally, despite the
> daily press releases made by PIVX SOLUTIONS INC, names of signed
> distributors internationally prove non-existent as do OEM
> reportdely carrying this non-product
> 
> - the financials of PIVX SOLUTIONS INC after launching its product
> called Qwik-Fix Pro, PIVX's flagship product are pitiful:
> 
>               Three Months Ended                             Nine
> Months Ended
>                                               September 30, 2004
> September 30, 2003       September 30, 2004   September 30, 2003
>                                               ---------------------
> - -----------------       ---------------------------------------
> Revenues:
>     Consulting revenue                           $     62,171
> $    163,935               $     86,171       $    743,923
>     Subscription revenue                               13,619
>           --                     18,028                 --
>                                                  ------------------
> - --------------              --------------------------------
> 
>          Total revenues                                75,790
>      163,935                    104,199            743,923
> 
> 
> Total liabilities and stockholders' equity
>   $ 3,558,287
> 
>               ============
> 
>            See accompanying notes to these condensed consolidated
> financial statements
> 
> 
> (sourceSEC Filing: PIVX SOLUTIONS, INC. 0001160420 10QSB 11/12/2004
> 9/30/2004)
> 
> - - the owners of this farce thought they could create something from
> nothing, aka called Qwik-Fix Pro, PIVX's flagship product, sadly it
> is nothing and was always nothing. Handing out and diluting shares
> in PIVX SOLUTIONS, INC. to everyone and anyone who would promote
> their nothing product.
> 
> Alas the rats will flee the shinking ship and yet anothing comical
> entry into the security scene will shattered into smithereens.
> 
> The clock is ticking. Daddy needs to get a real job next time.
> 
> 
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