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Pearl Asian Mining Industries, Inc. (Pink Sheets: PAIM) requested on Monday that Shareholders entitled to receive their preferred shares dividend contact their stockbrokers by March 31, 2006 to request the issuance of the actual Preferred Share Certificates to be registered in their name(s), and to take delivery of those preferred shares. The reason for this extraordinary request is due to the belief by Pearl Asian that one or more market-makers and others may have shorted PAIM shares without first borrowing shares, creating a large naked short. Shares of PAIM closed Tuesday at $0.0001, down $0.0001 on the session, on volume that exceeded 1.5 billion shares traded.
Do it boys and girls! Put the MMs In hock.
-------------------- Buy when blood runs in the streets
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