Clarification of Preliminary Gold, Silver & Other Precious Metals Assay Report From XYZ Gold Mine Site of Pearl Asian M
PASIG CITY, METRO MANILA, PHILIPPINES -- (MARKET WIRE) -- 02/24/06 -- Pearl Asian Mining Industries, Inc. (OTC: PAIM) released the first preliminary geo-survey report conducted by a Canadian Geological Company yesterday would like to further clarify the these results.
INSTALLATION OF A START-UP PRODUCTION PLANT CAPACITY of 200 Metric Tons per day at the XYZ Gold Mine Site where the occurrence of the HIGH-GRADE GOLD ORES had been identified and documented: GOLD SAMPLES were assayed at 1.35 grams per ton, 21.40 grams per ton and 90.00 grams per ton.
A. The estimated Average of 15.0 grams per ton of GOLD ORE can produce an
output of approximately 3,750 grams of Gold per Day; with a 30-Day
Month Production Output of 112.5 Kilograms or 3,617.20 Troy Ounces,
which is equivalent to US$ 1,808,510.00 * a buying price of $500.00
per Troy Ounce.
B. An Annual Gross Revenue from gold production of US$21,702,120.00
is estimated to be generated, aside from sales of silver and other
minerals. The 200 Tons per Day Processing Plant is planned to be
increased to 1,250 tons per day (Equivalent to 6.25 X 200 Tons per day
increased in a 6-8 month period.)
C. A 1,250 Tons per day Processing Plant is estimated to bring a Monthly
Gross Revenues of US$12,303,187.50 ($1,808,510 X 6.25); or an
estimated ANNUAL GROSS INCOME of US$14,638,250.00 from GOLD
PRODUCTION.
D. PAIM has a Macroscopic Plan for the whole Masbate Island because of
its Rich GOLD potential. By implementing our Community Mining
Assistance Program to the whole Masbate Island, and improved
production capability of the Community Small Scale Miners, we are
expecting to acquire Additional Income of a minimum of 12 kilograms
or approximately 387 Troy Ounces of GOLD which is estimated to be a
Gross Revenue of approximately US$193,500.00
E. The $193,500 Gross Revenue Per Day multiplied by 30 Days, is
estimated to be US$5,805,000.00 and calculating for the whole
year (times 12 months) is estimated to be US$69,660,000.00 of
ANNUAL GROSS REVENUE from the COMMUNITY SMALL SCALE MINING ASSISTANCE
PROGRAM.
F. XYZ GOLDPROJECT is estimated to generate a TOTAL GROSS REVENUE for the
GOLD PRODUCTION, an equivalent of USD$217,298,250.00 which
excludes the REVENUES from SILVER and other Precious Metals.
FORWARD STATEMENTS;
With the exception of historical information, this news release and accompanying information may include forward-looking statements that involved a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors. There are numerous factors that could contribute to such difference, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results.
CONTACT: Investor Relations e-mail: IR*PearlAsianMining.com URL: http://www.PearlAsianMining.com PHONE: (866) 732-7888 FAX : (877) 317-4430
Posted by Thomas Mick on :
I really thought this was good news, but there is not the reaction I was expecting. I there something I should know here?
Posted by SincereX13 on :
This one you have to be patient with... the company itself is supposedly selling at .0002. This stock probably won't move until we get closer to the March 17th preferred stock dividend payout.
Posted by Thomas Mick on :
Thank you!
Posted by Thomas Mick on :
What does it mean when a MM (DOMS) is asking .0003 and the size is 500,000?
Posted by SuperSniper00 on :
This is really awesome news. The selling from the company is most likely over, look at the accumilation chart its on an uptrend now. This wont stay at .0002. I'm loading up because in 2 weeks this will be at .003.
Posted by DWE on :
Got 10 mil for 0.0002. Got tired of tryin' to buy at 0.0001. I'm in for the gold! Posted by ShortTermMemory on :
Everyone is accumulating, the move will come soon.
Posted by alohadream on :
Just had a couple hundred dollars in cash so picked up 600,000 more to add to my 5 mill.May have to sell something to get to 10 like DWE. Think this will be huge real soon.
Posted by SuperSniper00 on :
MORE NEWS
Press Release Source: Pearl Asian Mining Industries Inc.
First Preliminary Gold, Silver & Other Precious Metals Assay Report from XYZ Gold Mine Site of Pearl Asian Mining Industries, Inc. Friday February 24, 12:51 pm ET
PASIG CITY, Metro Manila, Philippines--(BUSINESS WIRE)--Feb. 24, 2006--Pearl Asian Mining Industries, Inc. (OTC: PAIM - News) released the first preliminary geo-survey report conducted by a Canadian Geological Company. The XYZ Gold Mine Site located in the Town of Baleno, Island of Masbate, Philippines has very good potential and shows High-Grade Gold Ores.
SAMPLE GOLD SILVER COPPER MOLYB ZINC LEAD AS (GpT) (PPM) (PPM) (PPM) (PPM) (PPM) (PPM) ---------------------------------------------------------------------- 1 0.03 g less than 0.5 10 30 55 30 28 ---------------------------------------------------------------------- 2 0.04 g less than 0.5 70 20 85 10 9 ---------------------------------------------------------------------- 3 21.40 g 86.4 35 5 10 580 3 ---------------------------------------------------------------------- 4 1.35 g 1.8 150 15 20 70 4 ---------------------------------------------------------------------- 5 9.00 g 72.0 400 15 100 970 1 ---------------------------------------------------------------------- 6 0.15 g 8.1 560 10 70 45 1 ---------------------------------------------------------------------- 7 13.23 g 59.6 180 10 1100 1400 2 ---------------------------------------------------------------------- 8 90.37 g 533.6 300 2 7800 9400 1 ---------------------------------------------------------------------- 9 0.04 g 3.5 85 5 2000 850 38 ----------------------------------------------------------------------
Installation of a start-up production plant capacity of 200 Metric Tons per day at the XYZ Gold Mine Site where the occurrence of the High-Grade Gold Ores had been identified and documented: Gold Samples were assayed at 1.35 grams per ton, 21.40 grams per ton and 90.00 grams per ton.
A. The estimated Average of 15.0 grams per ton of Gold Ore can produce
an output of approximately 3,750 grams of Gold per Day; with a
30-Day Month Production Output of 112.5 Kilograms or 3,617.20 Troy Ounces, which is equivalent to US$1,808,510.00 at a buying price of $500.00 per Troy Ounce.
B. An Annual Gross Revenue from gold production of US$21,702,120.00
is estimated to be generated, aside from sales of silver and other
minerals. The 200 Tons per Day Processing Plant is planned to be increased to 1,250 tons per day (Equivalent to 6.25 X 200 Tons per day increased in a 6 -8 month period).
C. A 1,250 Tons per day Processing Plant is estimated to bring a
Monthly Gross Revenues of US$12,303,187.50 ($1,808,510 X 6.25);
or an estimated Annual Gross Income of US$14,638,250.00 from Gold Production.
D. PAIM has a Macroscopic Plan for the whole Masbate Island because of
its Rich Gold potential. By implementing our Community Mining
Assistance Program to the whole Masbate Island, and improved production capability of the Community Small Scale Miners, we are expecting to acquire Additional Income of a minimum of 12 kilograms or approximately 387 Troy Ounces of Gold which is estimated to be a Gross Revenue of approximately US$193,500.00
E. The $193,500 Gross Revenue Per Day multiplied by 30 Days, is
estimated to be US$5,805,000.00 and calculating for the whole
year (times 12 months) is estimated to be US$69,660,000.00 of Annual Gross Revenue from the Community Small Scale Mining Assistance Program.
F. XYZ GOLDPROJECT is estimated to generate a Total Gross Revenue for
the Gold Production, an equivalent of USD$217,298,250.00
which excludes the Revenues from Silver and other Precious Metals.
Forward-Looking Statements:
With the exception of historical information, this news release and accompanying information may include forward-looking statements that involved a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors. There are numerous factors that could contribute to such difference, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results.
Contact: Pearl Asian Mining Industries Inc. - Philippines Investor Relations: E. Pearl Asian, 650-814-3268 IR*PearlAsianMining.com www. PearlAsianMining.com Fax: 877-317-4430
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries Inc.
Posted by MoneyMoneyMoney on :
I just picked up another mill at .0002. Got my bid in for 5 mill X .0001.
Love the news, thanks a bunch.
Posted by PCola77 on :
70 million just went through at .0001 ugh
Posted by PCola77 on :
now over 100million. Who is selling at .0001? I just don't get it.
Posted by SincereX13 on :
sweet (sarcasm)
Posted by PCola77 on :
Now 256 million... the first 247 mill were one color and the last 9 was another, does that mean one block of buys went through at .0001 for 247 shares?
Posted by SincereX13 on :
bid is 0, don't know what is going on here... but loving rshn right now!
Posted by MoneyMoneyMoney on :
Well I finally picked up 5 mill X .0001.
RSHN is going nuts and lots more room to fly.
This will be the same some day.
Posted by Raytrader on :
GOOD news......down again....... perhaps bad news may cause a good run?
Posted by Max Shrap on :
Wow.. somebody just bought 291 mil shares in one block.
Posted by Raytrader on :
probably that Bin Laden character
Posted by alohadream on :
From his cave in the Kush mountains?Don't think he's too interested in mining in the Philippines but I am.Just don't like that attempted coup over there.This will have its day just like RSHN today.
Posted by bobcat88 on :
Pretty sure that was a scottrade block, my buy for 5mil went through right then with scott
Posted by 7 of 9 on :
ask is 1 right now
lowest price possible
Posted by bobcat88 on :
Hope this dont pull a PCCN and go .00 and .00 on the b&a
Posted by SincereX13 on :
well thier is nothing we can do now but wait and hope (unless you want to dump your shares for nothing )
Posted by bobcat88 on :
Just like buying $500 in lottery tickets!
Posted by alohadream on :
Lost $560 on PAIM today but made $1500 with RSHN and $500 with CMBV.And this .0001 will disappear Monday morning so no worries.
Posted by SuperSniper00 on :
Only a loss when you sell.
I bought more at 1 today. Just think if it goes to 2 thats 50%! haha This thing will definately go. Just gotta be patient like we were with RSHN.
Posted by 7 of 9 on :
holding 42m * 1.6
Posted by Max Shrap on :
1.6? Decode
Posted by 7 of 9 on :
1.6 nit = 0.00016
Posted by Max Shrap on :
You don't fear the 1,000 to 1 F/S that's coming in March?
Posted by SuperSniper00 on :
its 1000 preferred shares for every 1 common share owned...dividend...not F/S. Something was lost in the filipino translation of things.
Posted by Max Shrap on :
7 is still gonna have 42 BILLION shares to unload. You ever try to sell a billion shares?
Posted by Max Shrap on :
And if 7 has 42 billion shares on his own, what do you think the A/S is on this puppy?
Posted by SuperSniper00 on :
preferred stock Definition
Capital stock which provides a specific dividend that is paid before any dividends are paid to common stock holders, and which takes precedence over common stock in the event of a liquidation. Like common stock, preferred stocks represent partial ownership in a company, although preferred stock shareholders do not enjoy any of the voting rights of common stockholders. Also unlike common stock, a preferred stock pays a fixed dividend that does not fluctuate, although the company does not have to pay this dividend if it lacks the financial ability to do so. The main benefit to owning preferred stock is that the investor has a greater claim on the company’s assets than common stockholders. Preferred shareholders always receive their dividends first and, in the event the company goes bankrupt, preferred shareholders are paid off before common stockholders. In general, there are four different types of preferred stock: cumulative preferred, non-cumulative, participating, and convertible. also called preference shares.
Posted by jellybean on :
Do we know if Paim will pay a dividend on these preferred shares?
Posted by Max Shrap on :
What part of 42 BILLION with a *B* shares do you not understand? If 7 has 42 Billion shares on his OWN. How many shares do you think there has to be available to supply the few hundred other shareholders that all have a Billion plus shares? And when you got a few hundred shareholders all trying to sell their BILLIONS of shares and there is no buyer for these shares, how are any of the shareholders going to make any profits? Do the simple math. 0 volume, means 0 profit.
Posted by SuperSniper00 on :
What part of $250,000,000 in gold do you not understand? Just wait till the contract for the additional 1800 hectares in land is finalized. Can you say $1 per share?
Posted by Max Shrap on :
"the company does not have to pay this dividend if it lacks the financial ability to do so"
quote:Originally posted by SuperSniper00: preferred stock Definition
Capital stock which provides a specific dividend that is paid before any dividends are paid to common stock holders, and which takes precedence over common stock in the event of a liquidation. Like common stock, preferred stocks represent partial ownership in a company, although preferred stock shareholders do not enjoy any of the voting rights of common stockholders. Also unlike common stock, a preferred stock pays a fixed dividend that does not fluctuate, although the company does not have to pay this dividend if it lacks the financial ability to do so. The main benefit to owning preferred stock is that the investor has a greater claim on the company’s assets than common stockholders. Preferred shareholders always receive their dividends first and, in the event the company goes bankrupt, preferred shareholders are paid off before common stockholders. In general, there are four different types of preferred stock: cumulative preferred, non-cumulative, participating, and convertible. also called preference shares.
Posted by Max Shrap on :
Dude, we are talking about a 30 TRILLION share O/S on this stock. The shareholders only hold 5 percent of the company. Multiply that 250 mil by .05 then divide that sum by 30 trillion and you will get an idea why this stock has bottomed out. Then try selling a billion shares that are at 0. You might as well flush your money down the toilet.
quote:Originally posted by SuperSniper00: What part of $250,000,000 in gold do you not understand? Just wait till the contract for the additional 1800 hectares in land is finalized. Can you say $1 per share?
Posted by SuperSniper00 on :
I'm waiting for the run which WILL happen before march 17th. I'll sell 3/4ths of my shares take a nice profit and let the rest sit.
Posted by SuperSniper00 on :
If its a dividend wouldnt I still own my 9 million common shares plus 9 billion preferred shares?
Posted by Max Shrap on :
Anyone who does the math is not going to buy your shares. I think the run came and went on this one. I hope I am proven wrong.
Posted by Max Shrap on :
quote:Originally posted by SuperSniper00: If its a dividend wouldnt I still own my 9 million common shares plus 9 billion preferred shares?
Posted by Max Shrap on :
Why would you want to own 9 billion shares of a stock that is worth 0? Who are you going to sell your shares to? You know there are hundreds of other shareholders who own billions too? This is a dilution nightmare.
quote:Originally posted by SuperSniper00: If its a dividend wouldnt I still own my 9 million common shares plus 9 billion preferred shares?
Posted by tmanfromtexas on :
Max... 7of9 says he has 42 MILLION shares at .00016. NOT BILLION. Reread his post. On another note, I tried to buy at .0001 3 days running. Finally got another 2.5mm at my price. To say the least I am happy with that AND the news today. IF you didnt notice a Canadian company did the assay(?) work, not PAIM. Nice to know that too. Have a great weekend. TMAN...
Posted by Max Shrap on :
They are giving a 1,000 to 1 share "divi" for this stock. When he gets the "divi" he will have 42 BILLION shares. Shares are worthless if you can't sell them. Try selling ONE billion, 42 billion is impossible when you have hundreds of others trying to sell their billions too. There will never be enough buyers. You are wasting your money on this stock.
quote:Originally posted by tmanfromtexas: Max... 7of9 says he has 42 MILLION shares at .00016. NOT BILLION. Reread his post. On another note, I tried to buy at .0001 3 days running. Finally got another 2.5mm at my price. To say the least I am happy with that AND the news today. IF you didnt notice a Canadian company did the assay(?) work, not PAIM. Nice to know that too. Have a great weekend. TMAN...
Posted by tmanfromtexas on :
I understand now what you meant. I am not counting anything from the divy personnally. If this thing can have a run and make us some money I will be happy. Time will tell. Have a great weekend. TMAN...
Posted by Skyman on :
What if the buyers and sellers of the stock got up one morning, took and look at an incredible increase in the financial numbers, and decided "you know this stock is worth 10 times what it is right now"? How many shares would have to be sold to establish the stock's price at a much higher level? One.
Posted by Max Shrap on :
After the divi this stock will be in a 30 trillion O/S dilution hell. The stock will be worthless. You may get one person to buy, but where are the other 10s of trillions of sales going to come from?
quote:Originally posted by Skyman: What if the buyers and sellers of the stock got up one morning, took and look at an incredible increase in the financial numbers, and decided "you know this stock is worth 10 times what it is right now"? How many shares would have to be sold to establish the stock's price at a much higher level? One.
Posted by Skyman on :
Start with the financials, determine a market cap, divide by the number of shares and spitooey! there it is.
Posted by SuperSniper00 on :
I attribute todays crap day to the news in the philippines about the coup plot againt GMA. the entire philippine stock market was down (PAIM trades on the PI markets too). Shouldn't set the stock back too much, this is GMA's 3rd coup in the past 5 years of her tenure in office. It happens all the time in the philippines, its a very corupt country. This will pass in a week, volume will grow with accumilation, after volume = $$
I'm gonna buy myself an Audi TT Roadster. How about you guys?
Posted by Skyman on :
Finish off the mortgage.
Posted by Max Shrap on :
Do the math: 1 billion dollars revenue (I'm being generous) divided by 30 trillion shares equals what? Dilution that makes QBID look like a winner.
quote:Originally posted by Skyman: Start with the financials, determine a market cap, divide by the number of shares and spitooey! there it is.
Posted by SuperSniper00 on :
quote:Originally posted by Max Shrap: Do the math: 1 billion dollars revenue (I'm being generous) divided by 30 trillion shares equals what? Dilution that makes QBID look like a winner.
quote:Originally posted by Skyman: Start with the financials, determine a market cap, divide by the number of shares and spitooey! there it is.
Sell before the dividend date. Duh!
Posted by Max Shrap on :
Who do you sell to when there are NO buyers?
quote:Originally posted by SuperSniper00:
quote:Originally posted by Max Shrap: Do the math: 1 billion dollars revenue (I'm being generous) divided by 30 trillion shares equals what? Dilution that makes QBID look like a winner.
quote:Originally posted by Skyman: Start with the financials, determine a market cap, divide by the number of shares and spitooey! there it is.
Sell before the dividend date. Duh!
Posted by SuperSniper00 on :
Think what you want bud. I'm gonna be making some mad money.
Posted by Rich735 on :
Bought on the last run at .001 and am down 90%!!
Posted by MoneyMoneyMoney on :
I too bought on the last run losing 90%. I then bought 10 mill more at .0001 averaging down.
Sucks but I'm now averaged down to .0002.
Gl
Posted by singledadandhappy on :
i tried four times this week to buy in at 0.0001 and never got filled
Posted by MoneyMoneyMoney on :
I was filled through Fidelity and Scottrade. 4mil X .0001 = $408 2mil X .0001 = $208
Posted by surgeon of steel on :
Time to load the boat....I too bought high at .0009 1.3 mil. and 2 mil. .0002. I'm going for 10 mill at .0001.Hope it fills...Looks like they have got the ball rolling!!!
Posted by AgentGPF on :
quote:Originally posted by singledadandhappy: i tried four times this week to buy in at 0.0001
Why not just let your order sit?
Posted by The Bigfoot on :
What is the current O/S? This stock might be good for a momentary play now and then but the O/S after those restricted shares get loose will destroy this company's value. The thousand for 1 deal is theatrics. It'll work...but also makes me say these guys aren't above doing things that will hurt the investor.
The Bigfoot
All about CNES right now! (nudge, nudge, wink, wink)
Posted by Max Shrap on :
Last time I checked the O/S was 30 billion. After the "divi" 7 of 9 ALONE is gonna have 42 billion.
Posted by SuperSniper00 on :
I'm really not sure why they are doing the split cause they just did one. Curious to as if what they wrote and what is going to happen are interpreted the same as an american and a filipino. Well we will see, I'm looking for .001 and I've made 8-9K
Posted by 7 of 9 on :
no split has been filed (it must be filed to be real) the PTSC .02 div HAS been filed, i checked (did u?)
i start selling at $.50
Posted by Max Shrap on :
So where are they gonna get the 1000 to 1 shares to give to all of the shareholders? I would love to see the math you did to come up with a "$.50" figure. And who the hell is gonna buy 42 (m or b)illion shares at $.50? This whole thing is insanity, but it will be fun to watch it unfold.
quote:Originally posted by 7 of 9: no split has been filed (it must be filed to be real) the PTSC .02 div HAS been filed, i checked (did u?)
i start selling at $.50
Posted by SuperSniper00 on :
quote:Originally posted by Max Shrap: So where are they gonna get the 1000 to 1 shares to give to all of the shareholders? I would love to see the math you did to come up with a "$.50" figure. And who the hell is gonna buy 42 (m or b)illion shares at $.50? This whole thing is insanity, but it will be fun to watch it unfold.
quote:Originally posted by 7 of 9: no split has been filed (it must be filed to be real) the PTSC .02 div HAS been filed, i checked (did u?)
i start selling at $.50
I think when he said $.50 he was slightly exagerating and he also meant that the dividend wont happen. I would be happy with .005
Posted by Max Shrap on :
I'm done trying to make any sense out of this. I hope it works out for you guys. Logic just doesn't allow me to wrap my head around anything but doom for this stock. My prediction is -0 pps with 0 volume, unless they do a massive R/S - which will be MANDATORY if they want to right the ship.
quote:Originally posted by SuperSniper00:
quote:Originally posted by Max Shrap: So where are they gonna get the 1000 to 1 shares to give to all of the shareholders? I would love to see the math you did to come up with a "$.50" figure. And who the hell is gonna buy 42 (m or b)illion shares at $.50? This whole thing is insanity, but it will be fun to watch it unfold.
quote:Originally posted by 7 of 9: no split has been filed (it must be filed to be real) the PTSC .02 div HAS been filed, i checked (did u?)
i start selling at $.50
I think when he said $.50 he was slightly exagerating and he also meant that the dividend wont happen. I would be happy with .005
Posted by coalkickin on :
What, if anything, has caused this stock to plummet...any hopes of it returning back to ,oo1
Posted by johnny14511 on :
THIS HAS AN UNLIMITED A/S SO THEY CAN DILUTE AS MUCH AS THEY WANT
Posted by BuyTex on :
why are you SHOUTING?
lol, what's the deal? they're incorporated in Wyoming or something?
Posted by DWE on :
A QUICK FLIP IS ALL I'M AFTER FOR PAIM. I DON'T SEE WHAT THE COMMOTION IS ALL ABOUT
Posted by ttmp on :
The March '1 to 1000' is technically a dividend right?
Are dividends paid out in stock (rather that cash dividends) exempt from taxes until sold?
If not, wouldn't there be tax implications?
For example: 1,000,000 ($100 worth today * .0001) x 1000 (dividend * 1 to 1000)
1,000,000,000 shares total
900,000,000 ($90K dividend)
$90K would be great, but if you can't sell it because of dilution it could get ugly at tax time.
Someone tell me I'm wrong...I want to be wrong.
My PAIM position = 0 (but doing some DD before purchase)
Posted by Max Shrap on :
They don't tax until sold.
quote:Originally posted by ttmp: The March '1 to 1000' is technically a dividend right?
Are dividends paid out in stock (rather that cash dividends) exempt from taxes until sold?
If not, wouldn't there be tax implications?
For example: 1,000,000 ($100 worth today * .0001) x 1000 (dividend * 1 to 1000)
1,000,000,000 shares total
900,000,000 ($90K dividend)
$90K would be great, but if you can't sell it because of dilution it could get ugly at tax time.
Someone tell me I'm wrong...I want to be wrong.
My PAIM position = 0 (but doing some DD before purchase)
Posted by ttmp on :
Thanks
Posted by dmort on :
Got to give PAIM CEO a sense of humor, calling himself E Pearl Asian. Good old Sandy is Corporate Secretary. I went to a mining site that covers phillipine mining companies and no mention of Pearl Asian Mining International. Buyer beware. There are legit mining companies doing business in the PI from the US, Canada and Australia. There is gold in the PI thats for sure. About 104,000 people are employed in mining.
Posted by SuperSniper00 on :
Pearl Asian Mining Industries, Inc.- (Oregon Corporation Symbol: PRMN) Announces the Key Senior Management Team Members E-Mail this story Print this story
Nov 29, 2004 10:37 IST Pearl Asian Mining Industries-Philippines (OTC: PRMN) announced today that it has finalized the development of the most important key element to the success of its Philippines’ Mining Operations....
Pearl Asian Mining Industries-Philippines (OTC: PRMN) announced today that it has finalized the development of the most important key element to the success of its Philippines’ Mining Operations: The formulation of the Top Senior Management Team Members of Operation Gold Finger! Pearl Asian implements a Best of the Best management policy. The cornerstones of management principles at Pearl Asian Mining Industries, Inc. are empowerment, efficiency, leadership and accountability.
Eng. PETER C. CALEON, is the Philippines Operation Gold Finger Team Leader and Pearl Asian’s Chief Mining Engineer - Sr. Vice President / C.O.O. Peter is a native born Philippines who graduated from the MAPUA Institute of Technology with a Bachelor of Science in Mining Engineer. He continued with postgraduate studies at the International Institute for Aerial Survey and Earth Science in Daft, Holland (graduating with highest honors). He holds professional licenses of Geologists and Mining Engineer. Peter’s past positions include Supervising Geologist, Regional V Director of the Bureau of Mines & Geo-Sciences, Asst. Director of Mines and Geosciences Bureau, Regional Executive Director of the Department of Environmental Resources and Asst. Secretary of the Department of Environment and Natural Recourses. Peter brings to the company his experience and valuable contacts to Pearl Asian in order to obtain all the necessary requirements by government compliance, issuance of permits and licensures needed through out the Philippine Mining Industry.
Eng. DOMINIC Nick PASTORIZA, as the Exec. VP - Chief Field Mining Director / Consultant. Nick’s experiences include the following: as the current Manager of the TVI Resources Development Philippines, Inc. - a wholly owned subsidiary of the TVI Pacific Inc. - a Canadian Company. Nick had developed all the productions, project developments, exploration activities, environmental concerns, tax benefits, development of other mineral claims and community developments. He was responsible for the commissioning, operations and expansions of an 80 tpd pilot plant in Zamboanga del Norte Mining Project. His other past experiences were: as the Mine Manager for Oman Mining company, LLC the Rakah Gold Project in Rakah Yanquol, Sultanate of Oman as well as the Concentrator Plant Metallurgist for the Sohar Copper Complex of Oman Mining. Nick served as the Senior Metallurgist for the Zambia Consolidated Copper Mines - Chambishi Mines in Kalulushi, Zambia, Central Africa. He had been the Production Supervising Engineer for Lepanto Consolidated Mining Company in Lepanto, Mankayan, Benguet, Philippines. He had served as the Assistant Gold Mill Superintendent for Itogon-Suyoc Mines, Inc. Suyoc Gold Mines 750 tpd Gold Processing Plant in Mankayan, Benguet, Philippines The plant used the cyanidation process of both cleaner final tails and copper concentrate employing the Merril Crowe-Zinc Precipitation Concentration Process in the recovery of Gold. The plant employed the gravity concentration process using water jet airlifts and rifle belts in the recovery of free gold that is captured thru an amalgamation drum. He is also responsible for the smelting of gold precipitate and amalgam to produce the finished Gold Bullion products. He will be a great asset to Pearl Asian Mining Industries as Nick will bring in his expertise to Pearl Asian as the Field Gold Mining Director for the entire Philippines Mining Operations.
Eng. ARMAND J. RIVERA, will serve as the Environmental Protection Consultant & Director. Armand is a Sr. Mechanical Engineer with strong background in project, manufacturing & construction management, engineering design, and product line marketing in the areas of water & wastewater treatment and utility gas plants. Armand was contracted as Seconded Engineer to Pacific Gas & Electric Company, a major utility company in Northern California to perform various aspects of engineering, which included technical support for the operation & maintenance of the gas compressor stations, natural gas pipeline, transmission & distribution. He directed the regulatory agency approval for obtaining air permit from the San Bernardino County Air Pollution Control District in Los Angeles, CA. He led the firm’s major contracts with multi-national companies covering water and wastewater treatment systems, gas pipelines & transmissions as well as distributions including environmental issues. He developed a pending patent on a joint venture with European based company for Hydro-Metallurgical & Catalytic Electro-Accelerator (HMCEA) also known as Leaching & Neutralization Process. He has been a Garratt-Callahan (a chemical firm based in Millbrae CA) representative in Manila for the past eight years; designed and manufactured water & wastewater treatment equipment and managed total cost savings of more than Two Million US Dollars on various projects. Armand is a graduate of B.S. Mechanical Engineering, MAPUA Institute of Technology, a Registered Professional Engineer and Certified Continuing Education in Water/Wastewater Treatment Engineering, UC Berkeley, Berkeley, California. He Received an Excellent Performance Award from Arrowhead Industrial Water and A Performance Recognition Award from the Pacific Gas & Electric Company. Armand was selected as an Honored Member of Who’s Who Among Outstanding Americans, 1995-1996. His expert contribution to Pearl Asian’s development of environmental protections for all its mining communities is very critical and vital.
Father ARIEL, DIRECTOR-CRO, will serve as the Chief Community Relations Officer. Father Ariel will be leading Pearl Asian to meet with the members of the communities and its local government officials, the local and international NGO (Non-Governmental Organizations) groups, and the Indigenous People where the company’s mining sites are located. He will be the force to explain to these groups of people the mutual benefit for the community and its symbiotic involvement of each group with the Pearl Asian’s Mission and Vision to bring in harmonious relations, peace and prosperity to everyone. Father Ariel will be the Key to bringing into the company the Pearl Asian Mining and to the people in each mine sites, the importance of a solid alliance with the community: Working Together for a Common Cause of Harmony, Peace, Prosperity & Love.
ADRIAN CERRADO, CPA - SGV & CO. PARTNER, an ERNST & YOUNG Member Affiliate of the Philippines. Adrian will join Pearl Asian as the company’s CPA Consultant. SGV & CO. is a renowned CPA Firm in the Philippines for representing and managing the top 80% of the Philippines big companies and majority of the mining industries in the Philippines. Adrian will bring his great experience and expertise of the accounting principles to perform all the audits and accounting requirements that will do both the Philippines and USA GAAP Certification Accounting Principles.
RANDOLF VILLANUEVA, the President/CEO, A native of the Philippines, Randolf came to America at a young age and was educated in the United States. He had taken courses in business management, macro-economics and computer sciences. He is very intelligent, empowered with practical applications and with his knowledge of US Corporate Management; Randolf will bring this experience in mining and management, interfacing with Philippines Government Agencies. Randolf is fully qualified to head up the Pearl Asian Management Operations in the Philippines Islands.
E. Pearl Asian, the Founder/Chairman is a true visionary. Pearl Asian is the leading force behind Pearl Asian Mining Industries, Inc. Her ambition and drive is helping to realize the potential of valuable mining properties that have been under-developed and under-utilized for decades. She is focused on providing a profitable return for investors, coupled with her humanitarian mission, to assist in providing sustainable jobs, the gift of education for the under-privileged children, healthcare benefits for the people and environmental protections of the communities. It is also her vision to make Pearl Asian Mining Industries, Inc. as the Model for all mining companies in the Philippines; as the Pioneer to make use and leverage the involvement of the communities, the local and international NGO’s (Non-Governmental Organization), to participate in the development of the Philippines Mining Industries and to become as a One Team to help sustain the economic stability, community involvements and environmental protections of the Republic of the Philippines. In 2003, Pearl has taken a mom and pop mining operation in the Philippines to a fast growing multi-national gold mining company.
This Senior Management Team will meet on December 18, 2004 in the historical Island of Mactan, Cebu City, to discuss the Pearl Asian’s Business Strategy for 2005, as they move forward with the company’s mining operations as early as January, 2005 and to discuss issues on the USA SEC GAAP Reporting requirements and compliance.
Pearl Asian is well aware that mining operations are capital intensive and a very risky industry. However, because the Philippines is currently considered as the No. 2 in World’s Gold Reserves and No. 8 in Gold Productions, Pearl Asian-Philippines Corporation will continue on to bring its foreign investments through the Pearl Asian’s Oregon Corporation (PRMN) into this country, as 2005 will be the year of immediate explorations, developments and most of all productions that will mean great revenues for the company. Furthermore, due to the upward trend in gold prices, Pearl Asian considers this business strategy positive and potentially a profitable opportunity benefiting each shareholder of PRMN.
Quote from the Philippine Star Nov. 23, 2004: Secretary of the Department of Trade & Industry (DTI) Cesar V. Purisima said, The Philippines is richly endowed with world-class mineral resources, both metallic and non-metallic. The country’s mineral resources are estimated to be worth $984.65 Billion USD, but will remain to be a just potential if not developed. But more than that, one great advantage of the Philippines’ Mining Sector has an almost 100 percent value-added which means that almost all of the elements of productions are sourced locally.
Forward-Looking Statements:
With the exception of historical information, this news release and accompanying information may includes forward-looking statements that involved a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors. There are numerous factors that could contribute to such difference, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results.
Posted by singledadandhappy on :
still trying to get filled no luck tried 4 times I am trying to buy 3,ooo,ooo and no luck * 0.0001
Posted by dmort on :
Try Monday when the market is open.
Posted by Rich735 on :
lol dmort
Posted by pay up on :
Dmort, E. Pearl Asian is a woman, not a man. And who cares what her name is. You call yourself Dmort, lol
Posted by dmort on :
Ya I do but it obviously isnt my real name. But if I decide to run a shell company maybe I will style myself D. Mort. See if the investors notice.
Posted by pay up on :
I'ts probably her real name. Remember J Edgar Hoover
Posted by dmort on :
I am 53 year's old and in my travels I have yet to meet anyone with the last name Asian sorry for my scepticism. As an aside here is an old pr from MLON.
Mellon Buys Major Stake In Silver Mining Company
SCOTTSDALE, Ariz., Dec. 15, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON), the market leader in providing boutique investment banking services to private mid cap companies, today announced that it acquired 200,000,000 shares (44%) of Western Pacific Minerals, Ltd. from Pearl Asian Mining Industries, Inc. (Pink Sheets:PRMN) in exchange for 500,000,000 newly issued MLON shares subject to SEC RULE 144.
Western Pacific Minerals, LTD. is the beneficial owner of 50 mining claims in the historical silver-rich Slocan Mining District of British Columbia at an approximate book value of $1m.
Posted by pay up on :
E. Pearl Asian, the Founder/Chairman is a true visionary. Pearl Asian is the leading force behind Pearl Asian Mining Industries, Inc. Her ambition and drive is helping to realize the potential of valuable mining properties that have been under-developed and under-utilized for decades. She is focused on providing a profitable return for investors,
Posted by pay up on :
Do a search in yahoo under people and you will find some. Happy travels. lol
Posted by dmort on :
Good luck to you.
Posted by DIGDOUGH on :
This is funny stuff!
quote:Originally posted by dmort: Try Monday when the market is open.
Posted by SuperSniper00 on :
quote:Originally posted by dmort: I am 53 year's old and in my travels I have yet to meet anyone with the last name Asian sorry for my scepticism. As an aside here is an old pr from MLON.
Mellon Buys Major Stake In Silver Mining Company
SCOTTSDALE, Ariz., Dec. 15, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON), the market leader in providing boutique investment banking services to private mid cap companies, today announced that it acquired 200,000,000 shares (44%) of Western Pacific Minerals, Ltd. from Pearl Asian Mining Industries, Inc. (Pink Sheets:PRMN) in exchange for 500,000,000 newly issued MLON shares subject to SEC RULE 144.
Western Pacific Minerals, LTD. is the beneficial owner of 50 mining claims in the historical silver-rich Slocan Mining District of British Columbia at an approximate book value of $1m.
Did you read any of the new PR that came out. PAIM sold that to MLON for 500mil shares. So that means PAIM owns a 500million stake in PYCT. PAIM has already clarified that PYCT has never owned any stake in PAIM, nor have there been any people working for PAIM that has or currently does work for PYCT. Old news.
Posted by 7 of 9 on :
You have to have the courage to be loyal.
-- Worsington --
Posted by dreamer_rick on :
okay guys .... now after all the debate ...should we buy or not ....and i have seen on the chart that the stock reached to $0.01 from $0.0001 ...is that true ...? and what do u see the potential for this one ,,,,
Posted by SuperSniper00 on :
okay so i wrote to paim and flat out asked by they would do the dividend that seemingly dilutes the stock into worthlessness and this is the response i just got
"Dear supersniper,
You will have both 1,000,000 common shares and 1,000,000,000 preferred shares.
The preferred and common shares are not exchangeable.
pearlasia"
So does this mean that the O/S will still be 30 billion and not 30 trillion? Will there be an O/S of 30 billion common and 30 trillion preferred? Since we cant just straight up buy preferred stock, who do we sell it to? back to the company? Can anyone help me clarify this whole preferred vs common stock thing?
Posted by SuperSniper00 on :
Press Release Source: Pearl Asian Mining Industries, Inc.
Pearl Asian Mining Industries, Inc. "Operation Gold Finger Team" Began Geological Exploration Studies of the XYZ Gold Mine Site Monday February 27, 9:00 am ET
PASIG CITY, PHILIPPINES--(MARKET WIRE)--Feb 27, 2006 -- Pearl Asian Mining Industries, Inc. (Other OTC:PAIM.PK - News) announced today that the company hired the geological expertise of the renowned Mayon Geotech & Geo-Environment Services (MGGS), Inc. led by Engr. Gil J. Apuya. The MGGS Team performed exploration and evaluation of the XYZ Mine Site located in the town of Baleno, Island of Masbate, to further determine the Gold Silver Deposits as well as the full potential installation of the Gold Mineral Processing Plant. ADVERTISEMENT
On Dec. 16-28, 2004, the first members of the engineering group of the "Operation Gold Finger" Team were on the XYZ Mine Site to oversee the initial project's exploration operation conducted by MGGS. These exploration activities had covered a total of seventy-two (72) hectares that was conducted for a period of fourteen days including mobilization and demobilization. MGGS provided the technical report indicating projected ore reserves, inclusive of all the geological maps, sections, laboratory result analysis of samples and computation of projected ore reserves. MGGS also included in their report the recommended potential site for putting-up the Gold Mineral Processing Plant as well as the site for building infrastructures, road access towards the XYZ Mine Site, scheduled to be as early as the Summer of 2006.
Further activities included research work and collation of existing geological reports, acquisition of field supplies and materials, preparation of working maps and mobilization. The Gold Team coordinated with local officials and residents including recruitment of local residents as guides and laborers for trenching, test pitting, clearing, handling and transportation of samples and sampling. More detailed geological mapping of the area was reported on a 1:10,000 scale. The MGGS identified all outcrops, rock types, alterations and mineralization by megascopic identification. These activities included rock / ores sampling, exact plotting of encountered outcrops, mineralization and preparation of geological maps and sections. They cleared and channelled the samples from the old tunnels and dug pits. The trenching and test-pitting were delineated and traced the continuity of mineralization. The samples gathered were analyzed for Gold, Silver Copper, Lead, Zinc & the Platinum Group of Precious Metals (Au, Ag, Cu, Pb, Zn, Pts.). All these collected information were interpreted. Two batches of samples of approximately 20 Kg of ores each batch, were sent to KNELSON Company of Langley, British Columbia, Canada and ELSA Metals Company of Geneva, Switzerland for further laboratory analysis. The laboratory assay results both by KNELSON & ELSA Metals were utilized for further confirmation of the previous preliminary assay reports and the local laboratory results from OSTREA LAB of the Philippines. This assay results gave the exact design for the gold concentrator plant & gold powder refinery, in which the plant design was based on the type and quality of these XYZ GOLD ORES. Additional activities besides the chemical laboratory analysis included Topographical Survey of the entire XYZ GOLD MINE SITE.
"I am excited to see that further explorations, developments and production activities are in progress as 2006 will be The Best Year ever for Pearl Asian Mining Industries, Inc., after 3 years of its founding and creation. I envision that the last quarter of 2006 will be the beginning of revenue generation months and profitable years ahead; thus benefiting all the existing and future shareholders of PAIM!" exclaimed E. Pearl Asian, Founder & Chairman of the Board.
FORWARD STATEMENTS:
With the exception of historical information, this news release and accompanying information may include forward-looking statements that involved a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors. There are numerous factors that could contribute to such difference, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results.
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries, Inc.
Posted by Phoenix on :
E Pearl Asian.. Operation Gold Finger..
sounds like a Bond movie
"No, I will not destroy the gold..I will dilute the shares!"
Posted by SuperSniper00 on :
you guys still dont understand what a DIVIDEND is do you? common shares and preferred shares are not exchangable! the O/S for common shares will be exactly the same after the dividend as it was before the dividend. What will likely happen is the preferred shares you will get will trade under a different symbol. Now yes those will be diluted and hard to sell.
Gold finger, yes it is corny but apparantly you've never experienced filipino culture. while i was there they were blowing their load because the beach boys were making an appearance in manila for the first time
Posted by Phoenix on :
I wasnt really slamming it, I just thought it was amusing..
Posted by singledadandhappy on :
my order just got fille 3,000.000
Posted by Graham Charitable Trust on :
volume is building for a reason... when u guys think this will fly, im 357000 deep
Posted by singledadandhappy on :
A. The estimated Average of 15.0 grams per ton of GOLD ORE can produce an output of approximately 3,750 grams of Gold per Day; with a 30-Day Month Production Output of 112.5 Kilograms or 3,617.20 Troy Ounces, which is equivalent to US$ 1,808,510.00 * a buying price of $500.00 per Troy Ounce.
B. An Annual Gross Revenue from gold production of US$21,702,120.00 is estimated to be generated, aside from sales of silver and other minerals. The 200 Tons per Day Processing Plant is planned to be increased to 1,250 tons per day (Equivalent to 6.25 X 200 Tons per day increased in a 6-8 month period.)
C. A 1,250 Tons per day Processing Plant is estimated to bring a Monthly Gross Revenues of US$12,303,187.50 ($1,808,510 X 6.25); or an estimated ANNUAL GROSS INCOME of US$14,638,250.00 from GOLD PRODUCTION.
D. PAIM has a Macroscopic Plan for the whole Masbate Island because of its Rich GOLD potential. By implementing our Community Mining Assistance Program to the whole Masbate Island, and improved production capability of the Community Small Scale Miners, we are expecting to acquire Additional Income of a minimum of 12 kilograms or approximately 387 Troy Ounces of GOLD which is estimated to be a Gross Revenue of approximately US$193,500.00
E. The $193,500 Gross Revenue Per Day multiplied by 30 Days, is estimated to be US$5,805,000.00 and calculating for the whole year (times 12 months) is estimated to be US$69,660,000.00 of ANNUAL GROSS REVENUE from the COMMUNITY SMALL SCALE MINING ASSISTANCE PROGRAM.
F. XYZ GOLDPROJECT is estimated to generate a TOTAL GROSS REVENUE for the GOLD PRODUCTION, an equivalent of USD$217,298,250.00 which excludes the REVENUES from SILVER and other Precious Metals.
Posted by dmort on :
Found this in a google search about Masbate Island.
"Thistle-unit Philippine Gold Plc. owns Filminera, which has the rights to gold deposits on the island of Masbate, 350 kilometers (220 miles) southeast of Manila. In the 15 years to 1994, the Masbate mine produced 80,000 ounces per annum, according to Thistle's 2001 annual report."
Posted by singledadandhappy on :
we all will be ( mastbate ) soon when this hits lol
Posted by SuperSniper00 on :
just picked up another 1mil *0.0001. Hope this thing moves Posted by Raytrader on :
just kickin myself for getting out of usxp *.007
Posted by Raytrader on :
now Im riding the PAIM train.... DESTINATION.....who knows......
Posted by SuperSniper00 on :
its okay man, i got out of AXIGE 2 days before it ran and i got out of USXP at .0053. I feel the pain, but now its time for the PAIM train.
Posted by alohadream on :
Another 9M at .0001 to add to my 5.6M at .0002 from last week.14.6M shares is the most number of shares I have ever owned.Wish it was 14.6M shares of Google or Berkshire Hathaway.
Posted by SuperSniper00 on :
Press Release Source: Pearl Asian Mining Industries, Inc.
Meet the 2006 XYZ Gold Team - Pearl Asian Mining Industries, Inc. Monday February 27, 2:41 pm ET No Reverse Split is Planned for Now
PASIG CITY, Metro Manila, Philippines--(BUSINESS WIRE)--Feb. 27, 2006--Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) is happy to introduce the 2006 XYZ Gold Team - Pearl Asian Mining Industries, Inc. and that there is no reverse split planned for now! Shareholders are invited to meet the Gold Team running and overseeing the complete operation of the XYZ Gold Mine.
XYZ GOLD TEAM & STRATEGISTS
BOARD OF DIRECTORS
Chairman E. Pearlasia President Randolf Villanueva VP/CRO Fr. Ariel
ADVISORS
Engr. Pete Caleon Mining/Geologist Engr. JR Famor Plant Machineries Procurement Gil Apuya Geological Co. Consulting Geologist Atty. Earl Diao, IV Legal Counsel/CPA/CFO MsSgt. Edward Madrid E.V.P./Field Security
3. Design & Plant Development Engineer (DPD) Ricardo Bernardo (To Include Cebu Gold Refinery Facility) 4. Tunnels Rehab & Underground Mines Develop. Cesar Rosales 5. Safety Dev. & Environmental Protection (SDEP) Trecero Reyes 6. Road & Infrastructures Development (RCSID) Michael J.Penalosa Land Mine & Satellite-Cell Site Surveyor (LMSCS) 7. Senior Field Geologist Regino Selvano 8. On-Site Host Community Development Director Manolo Tecson 9. Computer IT Gil Apuya III
PEARL ASIAN METALLURGICAL & CHEMICAL ASSAY LAB (PAMC LAB)
10. Laboratory Business Development Gary Anthony Gotanco Chief Chemical Engineer 11. OIC Metallurgist Elvis Hidalgo 12. EIC Research & Development Rochelle Laylay 13. EIC Quality Assurance/Quality Control EmyLyn Noma
VISION STATEMENT
Pearl Asian Mining Industries, Inc. (PAIM) will lead the Filipino mining industries into the 21st century. Pearl Asian Mining is globally commitment to its international shareholders for generating excellent Return On Investments (ROI). To make Pearl Asian Mining Industries, Inc. the "Model" for all mining companies in the Philippines; the "Pioneer" to make, use and leverage the involvement of the host communities, as well as the local and international NGOs (Non-Governmental Organizations); and the "A Team" to help sustain the economic stability of the Republic of the Philippines, by participation in the development of the Philippines Mining Industries, as well as the involvement of its host community and environmental protections.
MISSION STATEMENT
It is the ultimate mission and intention of Pearl Asian Mining Industries, Inc. (PAIM) to partner with the Philippine Government and its local host communities in order to acquire abandoned mines with known and proven gold reserves, left untapped and abandoned for centuries. Pearl Asian will make profitable business operation side by side with environmental protection and sharing of benefits to host communities through adoption of maximum efficiency and applicable state-of-the-art technologies.
Pearl Asian Mining (PAIM) is teamed up with world-class, experienced, renowned and select cream-of-the-crop Mining, Mechanical, Electrical, Civil, Chemical & Metallurgical Engineers, Geologists and other highly qualified support team members, who will become the corporate model to make a real and lasting contribution to the communities in which Pearl Asian operates considering all aspects of its safety and healthy environment.
FORWARD-LOOKING STATEMENTS
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that can cause actual results to differ materially from anticipated results include the risks and uncertainties such as the risks relating to estimates of reserves; mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Pearl Asian Mining Industries, Inc. - Philippines Investor Relations: Richard C. Miller, 650-814-3268 Fax: 877-317-4430 IR*PearlAsianMining.com www.PearlAsianMining.com
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries, Inc.
Posted by Graham Charitable Trust on :
hah, tell me those names arent funny if not fishy... hey im 375,000 deep and hope this jumps but abegail, socrates? haha, anyway this has been accumulating volume today, should go somewhere.
peace
Posted by SuperSniper00 on :
did you forget that we are talking about filipino names and not american names?
Posted by DC Trade on :
does it concern anyone that there are no MMs bidding on this stock?
Posted by alohadream on :
Pinays are some of the most beautiful women on the planet.And the Philippines being first colonized by Spain and then the US and even Japan for a little while would make them a bit confused.
Posted by jakeo on :
Meet the 2006 XYZ Gold Team - Pearl Asian Mining Industries, Inc.; No Reverse Split is Planned for Now
By BusinessWire Last Update: 2/27/2006 2:41:01 PM Data provided by
PASIG CITY, Metro Manila, Philippines, Feb 27, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (PAIM) is happy to introduce the 2006 XYZ Gold Team - Pearl Asian Mining Industries, Inc. and that there is no reverse split planned for now!
Shareholders are invited to meet the Gold Team running and overseeing the complete operation of the XYZ Gold Mine.
VISION STATEMENT
Pearl Asian Mining Industries, Inc. (PAIM) will lead the Filipino mining industries into the 21st century. Pearl Asian Mining is globally commitment to its international shareholders for generating excellent Return On Investments (ROI). To make Pearl Asian Mining Industries, Inc. the "Model" for all mining companies in the Philippines; the "Pioneer" to make, use and leverage the involvement of the host communities, as well as the local and international NGOs (Non-Governmental Organizations); and the "A Team" to help sustain the economic stability of the Republic of the Philippines, by participation in the development of the Philippines Mining Industries, as well as the involvement of its host community and environmental protections.
MISSION STATEMENT
It is the ultimate mission and intention of Pearl Asian Mining Industries, Inc. (PAIM) to partner with the Philippine Government and its local host communities in order to acquire abandoned mines with known and proven gold reserves, left untapped and abandoned for centuries. Pearl Asian will make profitable business operation side by side with environmental protection and sharing of benefits to host communities through adoption of maximum efficiency and applicable state-of-the-art technologies.
Pearl Asian Mining (PAIM) is teamed up with world-class, experienced, renowned and select cream-of-the-crop Mining, Mechanical, Electrical, Civil, Chemical & Metallurgical Engineers, Geologists and other highly qualified support team members, who will become the corporate model to make a real and lasting contribution to the communities in which Pearl Asian operates considering all aspects of its safety and healthy environment.
FORWARD-LOOKING STATEMENTS
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that can cause actual results to differ materially from anticipated results include the risks and uncertainties such as the risks relating to estimates of reserves; mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries, Inc.
This PR makes me feel better, its always good knowing you've got the A-team on your side!
Posted by joejoe on :
Amen!
Posted by Graham Charitable Trust on :
true, i almost forgot my first girlfriend was filipina, her name was Princess, I see what r u talkin about.. btw, they are beautiful women
Posted by Graham Charitable Trust on :
guys we're close to a billion in volume here.. somethings up
Posted by SuperSniper00 on :
of course like ive been saying the company is selling to raise $1.5 million to begin mining, only paim has that many shares!
Posted by SuperSniper00 on :
quote:Originally posted by Graham Charitable Trust: true, i almost forgot my first girlfriend was filipina, her name was Princess, I see what r u talkin about.. btw, they are beautiful women
My friend was dating a filipina, her name was Zara. Sounds like a bad star trek name, but its her real name. filipinos are pretty corny too, so naming it gold finger and XYZ mine is totally believable. i spent 6 months in the PI so i know first hand
Posted by whb11 on :
this stock looks like it's got an odd sort of potential.. i like what it says on their website:
quote:Excellence is the Result of: Caring more than one may think is Wise! Risking more than what is considered Safe! Dreaming more than one may think is Practical! Expecting more than one may think is Possible!
Excellence, The Seed of Our Breath!
Posted by alohadream on :
hahaha!Don't care too much if they are run by some Sartre-wannabes as long as they keep pulling all that glittering gold and silver out of the ground.But they could sure use some better writers.
Posted by bobcat88 on :
MM trying to make something happen with a 500 buy at .0002?
Posted by SuperSniper00 on :
back to .0002
Posted by PCola77 on :
If you really want to call it that. It was a 10 cent, yes 10 CENT trade. 500 shares. WTF?
quote:Originally posted by SuperSniper00: back to .0002
Posted by PCola77 on :
Well there's a real trade at least. 1.5 mil at .0002
Posted by 7 of 9 on :
Holding 52m shares * 1.8
7 of 9, the god of PAIM
Posted by MoneyMoneyMoney on :
The 10 cent trade of 5000 shares was an MM cue.
Run Paim!!!
Posted by SincereX13 on :
good sign that something is up
Posted by DIGDOUGH on :
I heard they're going to give a dividend again. All the lumpias you can eat. Wooohoooo.
Posted by DWE on :
"No Reverse Split is Planned for Now"
When they say "FOR NOW", it's still a bit scary.....
Posted by SuperSniper00 on :
quote:Originally posted by DIGDOUGH: I heard they're going to give a dividend again. All the lumpias you can eat. Wooohoooo.
LMAO is the lumpia going to be made with dog meat? lol
DWE that IS indeed scary if they are talking about a R/S. Now sure why they would F/S the stock and 2 months later R/S the stock.
Just keep a heads up on it.
BTW...look for the stock to rebound as the state of emergency in the philippines is lifted and the coup rumors are forgotten.
Posted by Raytrader on :
beware the ide of march
Posted by Raytrader on :
"beware the ide of march"....still staying in though
Posted by SincereX13 on :
ha.. .0000
Posted by Raytrader on :
yeah go figure
Posted by Swab Jockey on :
What the h#ll o.ooo what did they do go outa business?????
Posted by DWE on :
quote:Originally posted by SuperSniper00:
quote:Originally posted by DIGDOUGH: I heard they're going to give a dividend again. All the lumpias you can eat. Wooohoooo.
LMAO is the lumpia going to be made with dog meat? lol
DWE that IS indeed scary if they are talking about a R/S. Now sure why they would F/S the stock and 2 months later R/S the stock.
Kinda like what that whore, Gina D of Raven Moon Entertainment did to me.....
First, I buy 5 mil shares of then, RVMN, then I receive 20 million free shares from a 5-1 forward split, AND THEN 2 weeks later a 75-1 REVERSE SPLIT! LoL!
Gina D has proven that she is a skilled gold digger.
I hope that's not the case for PAIM. PAIM for me will be VERY short term.....
Just keep a heads up on it.
BTW...look for the stock to rebound as the state of emergency in the philippines is lifted and the coup rumors are forgotten.
Posted by Raytrader on :
its just a MM adjustment it will come back dont PANIC
Posted by DWE on :
Didn't mean to press the wrong button... I'm the one who called Gina D a " gold diggin' whore". My apologies.....
Posted by alohadream on :
Just out 10 minutes ago.
Press Release Source: Pearl Asian Mining Industries, Inc.
Pearl Asian Mining Industries, Inc. Announces the Hiring of an Investor Relations Consultant and Further Clarifies That the Current Philippine Government Disturbance Does Not Affect the Pearl Asian Mining Industries, Inc. ''Operation Gold Finger'' Tuesday February 28, 2:34 pm ET
PASIG CITY, Philippines--(BUSINESS WIRE)--Feb. 28, 2006--Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) announced today that it hired the services of Mr. Richard C. Miller of Georgia to handle all the duties and responsibilities of the Company's Investor Relations to better service all the needs of PAIM's shareholders.
Furthermore, the Pearl Asian Mining "Operation Gold Finger" is not affected by the latest news of the Philippine government disturbance.
PAIM "Operation Gold Finger" business is as usual and continues to be on target scheduled of its goal: to have the first gold production estimated to be in the last quarter of 2006.
The Island of Masbate, where the XYZ Gold Project is located, and Cebu Island are situated approximately 2,000 kilometers (approximately 2,400 miles) south of Manila, so does not affect us.
The XYZ Gold Team is mobilized and is working hard to meet PAIM's target deadline. The plan for 4.5 kilometers of access road construction is ongoing. The rehabilitation of gold tunnels and underground mines are currently on schedule. The customized Gold Processing Plant Design is almost ready to be constructed and built. The Chemical/Metallurgical Laboratory and Gold Refinery Facility is in its first phase of permitting and development. The schedule to commence production is still anticipated to be in late 2006 and early 2007. The SSMP -- Small Scale Mining Permit -- to operate on the 20 hectares of the XYZ Gold Project has an estimated mine life of 5 1/2 years.
Posted by 7 of 9 on :
This PR clears up much about PAIM.
There is not going to be any more splits, forward or reverse.
The PAIM contact gave wrong information bcs. she is a miner and doesnt understand.
A consultant has been hired to clear things up.
Mining is going ahead, fast if you ask me. I think some gold will be refined in weeks. They have already dug up gold bearing ore for processing.
PAIM now has at least 1,000,000 USD from stock sales and thats enough to start mining in phillipines.
I think the .0001 shares are gone forever, but....
The MIB are still there guys, waiting to pump with abandon.
Holding 52M shares
Feb. 28, 2006--Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) announced today that it hired the services of Mr. Richard C. Miller of Georgia to handle all the duties and responsibilities of the Company's Investor Relations to better service all the needs of PAIM's shareholders.
ADVERTISEMENT Furthermore, the Pearl Asian Mining "Operation Gold Finger" is not affected by the latest news of the Philippine government disturbance.
PAIM "Operation Gold Finger" business is as usual and continues to be on target scheduled of its goal: to have the first gold production estimated to be in the last quarter of 2006.
The Island of Masbate, where the XYZ Gold Project is located, and Cebu Island are situated approximately 2,000 kilometers (approximately 2,400 miles) south of Manila, so does not affect us.
The XYZ Gold Team is mobilized and is working hard to meet PAIM's target deadline. The plan for 4.5 kilometers of access road construction is ongoing. The rehabilitation of gold tunnels and underground mines are currently on schedule. The customized Gold Processing Plant Design is almost ready to be constructed and built. The Chemical/Metallurgical Laboratory and Gold Refinery Facility is in its first phase of permitting and development. The schedule to commence production is still anticipated to be in late 2006 and early 2007. The SSMP -- Small Scale Mining Permit -- to operate on the 20 hectares of the XYZ Gold Project has an estimated mine life of 5 1/2 years.
Posted by Raytrader on :
"a ball must hit the ground in order to BOUNCE"
Posted by Raytrader on :
and there it goes...back to .0002 YIPPY
Posted by pay up on :
anybody able to find anything on Richard C. Miller? Want to know if he is any good or not
Posted by alohadream on :
Whew!Quick bounce!15 minutes of heart murmurs there seeing 0.000 under PAIM!
Posted by SuperSniper00 on :
PAIM bashers move outta the way...
Posted by pay up on :
"How did a fool and his money GET together?" he tripped on it
Posted by fishfarmer on :
Blue light special boys and girls Im in at .0001 for a mil! Posted by DWE on :
Bought another 10 mil... Thanks to all that have helped with my concerns.
Posted by alohadream on :
Added just 400,000 at .0001 to bring my total stake to an even 15 mill.
Posted by DIGDOUGH on :
So is someone saying the 1000/1 dividend is not happening? That it was a misunderstanding?
Posted by SuperSniper00 on :
They have until the 7th to file the dividend.
The dividend is in preferred shares.
This means if you have 1,000,000 common shares of PAIM, you will now have 1,000,000,000 preferred shares, which will be traded under a new symbol. Which could be anything but could be PAIMP.
Probably will be hard as hell to sell them since nobody will want to buy them. Oh well.
Posted by Raytrader on :
the 1000/1 already happened a while ago.......no more splits or dividends at least forward ones that is
Posted by DWE on :
So you're telling me I'll have 31 BILLION shares??? WTH?
Posted by DWE on :
Alright..... One person is saying one thing and another person is saying something else..... What are the facts here?
Posted by Raytrader on :
there was a PR last week from Pearl herself....that said the forward split already happened and there was a misunderstanding about another split.....there was something said about an Issuance of preferred stockper so many shares of common stock but the details wont be available till march 17
Posted by pay up on :
yeah it "already happened".......
Posted by pay up on :
Anyone that bought or sold shares under the symbol PAIM has bought or sold forward split shares. It has come to the Company's attention that some brokerage firms sold and are continuing to sell the forward split common shares, but others have failed to credit PAIM shares to their clients accounts. The Company has no control over the speed at which the brokerage firms replace 1000 PAIM shares for the 1 share of PRLGF previously owned;
Posted by DWE on :
Thanks for the info. But what I'd like to know is what is the BIG HYPE with this company? I just want to know as many opinions as I can. Thanks.
Posted by SuperSniper00 on :
quote:Originally posted by DWE: Alright..... One person is saying one thing and another person is saying something else..... What are the facts here?
Facts are there already was a SPLIT.
PRs suggest a DIVIDEND on the 17th of march. They have until the 7th to file it. If they do the DIVIDEND you would have 15 billion shares in PREFERRED stock which will be traded under a different symbol. You would also still have your 15 million common shares traded under symbol PAIM still.
If there is nothing filed by the 7th, then March 17th is a meaningless date, that is unless you're Irish and planning on getting hammered for saint pattys day
Posted by DWE on :
Thanks Sniper.
But it still leaves me with asking what is the hype all about with PAIM though? Please give me your honest opinions where this company is going within the next month or after.....
Posted by timstl on :
quote:Originally posted by SuperSniper00: that is unless you're Irish and planning on getting hammered for saint pattys day
or if you're NOT irish and plan on getting hammered for st. patty's day.
Posted by SuperSniper00 on :
quote:Originally posted by DWE: Thanks Sniper.
But it still leaves me with asking what is the hype all about with PAIM though? Please give me your honest opinions where this company is going within the next month or after.....
I really think this stock is legit despite all the weird names and sandy winnick connections. If its all a lie well call me sally and whip me with jelly beans because the timeline all the PRs are on, and the DD i've done all match up really well. No loophole in any of it except this whole F/S deboggle, which is in the process of being straightened out.
Ive spent 6 months in the philippines so i know a lot is lost in the translation of cultures from time to time and some of they do have weird names.
I think the stock will run between the 7th and 17th but thats my novice guesstimate. After that I predict slow growth until the end of the 3rd quarter and beginning of the 4th quarter when this stock is pulling in its $300million in revenue.
Another thing is watch out for is PAIM is currently trying to get the permit for the rest of the 1800 hectares at the XYZ mining site. I think once they acquire it they could find additional deposits of gold. Most of the mines they work on are old abandoned mines that have been sitting there for years. That means there is less work to be done.
This company has no debt and expense costs should not be high since filipino labor is extremely cheap.
Literally and figuratively a friggen gold mine.
Posted by SuperSniper00 on :
Press Release Source: Pearl Asian Mining Industries, Inc.
Pearl Asian Mining Industries, Inc. Reports on Geological Exploration Studies Discovery of Additional 2 Tunnels: Now XYZ Gold Mine Has 6 Tunnels & 4 Trenches Wednesday March 1, 8:30 am ET
PASIG CITY, PHILIPPINES--(MARKET WIRE)--Mar 1, 2006 -- Pearl Asian Mining Industries, Inc. (Other OTC:PAIM.PK - News) reports that the company hired the geological expertise of the renowned Mayon Geotech & Geo-Environment Services (MGGS), Inc. led by Engr. Gil J. Apuya Sr., founded 2 additional tunnels. XYZ Gold Mine Site now has a total of 6 tunnels and 4 trenches. The MGGS Team performed exploration and evaluation on the XYZ Mine Site to further determine the Gold Silver Deposits as well as the full potential installation of the Gold Mineral Processing Plant. ADVERTISEMENT
Further activities included research work and collation of existing geological reports, acquisition of field supplies and materials, preparation of working maps and mobilization. The Gold Team coordinated with local officials and residents including recruitment of local residents as guides and laborers for trenching, test pitting, clearing, handling and transportation of samples and sampling. More detailed geological mapping of the area was reported on a 1:10,000 scale. The MGGS identified all outcrops, rock types, alterations and mineralization by megascopic identification. These activities included rock / ores sampling, exact plotting of encountered outcrops, mineralization and preparation of geological maps and sections. They cleared and channeled the samples from the old tunnels and dug pits. The trenching and test-pitting were delineated and traced the continuity of mineralization. The samples gathered were analyzed for Gold, Silver Copper, Lead, Zinc & the Platinum Group of Precious Metals (Au, Ag, Cu, Pb, Zn, Pt's.). All these collected information were interpreted. Two batches of samples of approximately 20 Kg of ores each batch were sent to KNELSON Company of Langley, British Columbia, Canada and ELSA Metals Company of Geneva, Switzerland for further laboratory analysis. The laboratory assay results done by Knelson, ELSA Metals, and the Ostrea Laboratory of the Philippines were utilized and confirmed the First Preliminary Assay Reports. These assay results gave the exact design for the gold concentrator plant & gold powder refinery, in which the plant design was based on the type and quality of the XYZ GOLD ORES. Additional activities besides the chemical laboratory analysis included Topographical Survey of the entire XYZ GOLD MINE SITE.
FORWARD STATEMENTS
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that can cause actual results to differ materially from anticipated results include the risks and uncertainties such as; the risks relating to estimates of reserves; mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries, Inc.
Posted by DWE on :
It's funny how one day, tons of people are talkin' about PAIM. And today, there's hardly anybody here.
Posted by DIGDOUGH on :
Busy digging for the motherlode
Posted by fishfarmer on :
Im holding long on this one.
Posted by Thomas Mick on :
I could not phone them, email them, and therefore dumped my million shares. I really hate to loose money, but this smells to high heaven of fraud when you can't even get an email through to the company from their "official" address on the latest PR.
Perhaps I am wrong, but when the majority of activity on GOOD news is selling off at a loss, it appears that I am not alone-- jmho--!
Posted by DWE on :
It's March! When in March did you people say great things are going to happen with PAIM?
Posted by Teknical_D on :
I got a bounced message as well from the mail, I don't like that a PR announces a new IR manager yet he's not there yet. Either its premature or .. I won't mention the or yet. But I did get a response to my mail 1 hour or so later. ************************************************************************************************** To: IR*PearlAsianMining.com Subject: Upcoming Event (Split or dividend) Date: Wed, 1 Mar 2006 06:51:05 -0800 (PST)
Good Morning,
I am a small investor in PAIM, and I'm curious about the "dividend" or forward split that's happening in March. Can you please clarify what will be happening?
AS LONG AS YOU ARE THE RECORD HOLDER OF THE PAIM STOCK ON THE RECORD DATE OF AMRCH 17TH, 2006...YOUR BROKERAGE COMPANY AUTOMATICALLY SUBMITS THAT TO THE DTCC AND THE TRANSFER AGENT..YOU DON'T NEED TO CONTACT THE COMPANY....AS THE NASD WILL WORK WITH THE 3 AGENCIES MENTIONED ABOVE.. THE COMPANY PAY DATE IS SCHEDULED ON MARCH 31, 2006..
.HOWEVER THE NASD DECIDES THE EXACT X-DIVIDEND PAY DATES..AFTER THAT..IT IS ON THE HAND OF NASD...
Will the dividend be in preferred stock that will trade under a new symbol?
YES, I AM HOPING SO.. THE COMPANY IS WAITING FOR THE STATE OF WYOMING TO SEND TO US THEIR ACKNOWLDEGEMENT IN THE FORM OF REGISTRATION # WHICH IN TURN THE COMPANY IMMEDIATELY SENDS TO NASD & CUSIP DEPARTMENT TO BE ISSUED A SPECIFIC CUSIP # & SYMBOL..
THE COMPANY HAS NOTHING TO DO WITH THE ASSIGNMENT OF THE SYMBOL & CUSIP..THIS MAY TAKE 5-8 BANKING DAYS..
i sure hope that this will ahppen before the pay date..
Will the preferred stock be tradeable? then perhaps that can get our preferred stocks tradeable too..
Thanks in advance,
YOU ARE WELCOMe!!
PAIM
Posted by DC Trade on :
DC's opinion... this stock had a great bounce when it fell dramatically... but these PRs, they don't make any sense, and they certainly don't say anything too concrete. i think these people are trying too hard, and it seems like they don't know much about running a business. if they know something about digging up gold and selling it, then hopefully there is some $ to be made... don't mean to bash, i just haven't touched this since i rode the bounce and sold... i haven't touched it mainly because their PRs don't make any sense (and if what they said is actually what they tried to say, there is going to be a HUGE amount of shares in the float).
Posted by DC Trade on :
sorry, i really don't mean to bash... honestly, i hope you guys make serious bank here... also, i'm usually wrong Posted by SuperSniper00 on :
quote:Originally posted by Thomas Mick: I could not phone them, email them, and therefore dumped my million shares. I really hate to loose money, but this smells to high heaven of fraud when you can't even get an email through to the company from their "official" address on the latest PR.
Perhaps I am wrong, but when the majority of activity on GOOD news is selling off at a loss, it appears that I am not alone-- jmho--!
I got an email thru to Pealasia last week. Took about 3-4 days for a response.
Posted by OnceApenny on :
Purchace a couple of M. * 0.0001. At these levels I'm a golddigger without PAIN in the **s. Bashers has no chance, only pumpers.
Posted by SuperSniper00 on :
I have 14million shares. For every uptick I make $1400. Sounds good to me.
Posted by Graham Charitable Trust on :
.00
Posted by kryon on :
has anyone here actually sold this sucka at .0002 for that sweet 100% profit? lots of accumulation at .0001, but who wants it at .0002? by the way i'm a noob so pardon the noobiness...
Posted by SuperSniper00 on :
Look at the MACD. This should be a winner next week.
Posted by dale on :
at 16:19 somebody sold 130,000,000 shares of paim
Posted by dkinvest on :
They sold PAIM? SHAME!! I guess they were not TAME to stay in the GAME, for future riches and FAME. How freakin LAME.
Posted by SuperSniper00 on :
I'm sorry but that was pretty cheesy man.
However, it is a shame. One uptick and they make $13,000.
Posted by 7 of 9 on :
Pearl Asian Mining, Inc. (OTC: PRMN) is a “Junior Mining Company” that should be highly successful in its exploration activities for gold, silver, and other precious metals. The Company is primarily concentrating its efforts on the Islands of the Philippines, an area that has proven to be abundant with large deposits of easily accessible gold and precious mineral deposits. Additional exploration will be conducted in Southwestern British Columbia, Canada.
Due to the very productive history of the Company’s exploration areas, PRMN anticipates huge commercial success. As a matter of fact, the Philippines is ranked eighth in the world in terms of gold production and the Company has been approved to negotiate the acquisition of most of the abandoned gold mining properties around the Philippines Archipelago for further exploration studies, development, and production of gold, silver, and other precious metals. It’s a significant opportunity that should prove to be very rewarding to the Company, its employees, and shareholders.
Pearl Asian Mining Industries, Inc. is a Domestic Philippines Corporation, a Foreign Registered U.S. Corporation, and a duly Registered Canadian Corporation. The Company has assembled an exceptional staff of highly qualified mining engineers, geologists, and experienced business people and is now about to begin exploration activities.
It is noteworthy that the Philippines’ mining industry, which had been around for centuries, accounted for over 30% of the Philippines Islands’ GDP in late 1990! The country’s economy has been suffering in recent years and their government is now strongly encouraging the resumption of significant exploration and production activities.
As E. Pearlasia, CEO of the Company, stated, ‘This was, is, and will be ‘The Philippines Mining Project of this Millennium’"
Posted by J_U_ICE on :
prmn???
Posted by hurricanematt on :
I made tons when seven called this a while back, I still hold a million shares and plan to sell at .01 or bust. Thanks Seven
I keep waiting for seven to post a new thread on what he has found cause he does know what he is doing.
I love you Seven and it not the bottle speaking!
Im to close for rockets, Im switching to guns.
Posted by SuperSniper00 on :
quote:Originally posted by J_U_ICE: prmn???
That was the old symbol PAIM traded under.
Posted by J_U_ICE on :
Thanks I realized that after I sent the reply. I was more wondering about the date of the pr
Posted by 7 of 9 on :
PAIM
I calculate that PAIM has dumped 4.5B shares in the last 5 trading days. They said 2 weeks ago that they were going to sell 5B shares in order to raise $1.5M US for mining expenses. I think they are still under 1M, but they recieved 500M shares of PYCT which they also dumped. Sorry PYCT guys.
hurricanematt
According to these calculations there is little time left to by shares at 1. Take note.
I think 97% of the trades in the last 5 days were from PAIM selling treasury shares.
Friday 3/3 may be the last day of dumping.
No f/s has been filed. It wont happen.
7
holding 72M * 1.5
Posted by derek111c on :
May be helpful
State of Emergency Lifted in Philippines 21 minutes ago
MANILA, Philippines - President Gloria Macapagal Arroyo lifted a week-old state of emergency on Friday, after her security advisers assured her that the threat of a coup has eased.
ADVERTISEMENT
Shortly before Arroyo made the annnouncement in a nationally televised address, two explosions hit near a police station and a shopping complex in a Manila suburb, but police said no one was hurt.
"I am happy to report that we have dismantled the sabotage efforts," Arroyo said. "I strongly believe that law and order has returned."
Arroyo declared the emergency last Friday to quash a coup plot allegedly involving disgruntled soldiers, communist rebels and civilian backers. On Thursday, the defense, justice and police chiefs said they would recommend lifting the decree because the situation was normalizing.
"It is important for our political opponents and the opportunists to stop this nuisance to our economy and embarassment to the Philippines caused by these useless charades," Arroyo said.
Opposition and civil activists have warned that political freedoms were being eroded.
Authorities have filed criminal charges against at least 51 opposition members, military personnel and others for trying to overthrow the president. They include five left-wing lawmakers who sought refugee at the House of Representatives and refused to be interviewed by police.
Civil libertarians, lawyers, businessmen and media groups have expressed concerns over a string of warrantless arrests, a ban on rallies and a raid on a critical newspaper. http://news.yahoo.com/s/ap/20060303/ap_on_re_la_am_ca/philippines Posted by SuperSniper00 on :
That shouldnt matter at all. Masbate is like 400 miles south of manila and would be uneffected even if there were a coup.
Posted by johnny14511 on :
im holding 350,000,000 shares at .0001 $35,000 You better belive im going to dump when this thing goes up....
IM going to route all my shares at .0002 with SCHB since im problaby the biggest order ill be the first MM on the ask at .0002
wooooooooooo a flipper
Posted by 7 of 9 on :
johnny14511
im holding for $0.50
gold is for real man
the rest of the OTC is just vapors
Posted by DC Trade on :
in this morning... 7, i followed your lead last time on this... if your calculations are right, they've only got around 25 million shares left to sell before reaching their 5 bil shares sold...
Posted by hurricanematt on :
I also bought shares this morning, Im with seven on this one.
Posted by dkinvest on :
Just bought 10,000,000 - Where will this be a month from now?
Posted by megahead34 on :
What is so good about PAIM? Can someone advise me, im considering picking up a couple million.
Posted by dkinvest on :
It is at the very bottom, it can only move up.
Posted by SincereX13 on :
What's good is the possiblility to make some money over the next few weeks. The company may or may not be legit... but they have claimed to have mines with huge amounts of gold and at least announced a huge forward dividend payment set for March 17th. The hopes are that this things runs before that date. This stock is the gamble of all gambles... don't buy in with money you cannot afford to lose.
Posted by megahead34 on :
Excuse my ignorance, what is a huge forward dividend payment?
Posted by SincereX13 on :
for every 1 share you own of PAIM they are going to give you 1000 preferred shares that will trade under a different symbol. This has been announced by the company but is not official yet.
Posted by megahead34 on :
Aaah ok. I think i'll pick up 2 million shares. Worth a gamble.
Posted by megahead34 on :
Nice, just went thru....lol
Posted by fishfarmer on :
Getting really close to the 25B sell!!!!! Ready to rock. Its another gold mine!!!!! Rollem. Posted by daytr8er on :
Ok just picked up a couple of million PAIM. Someone let me know when this hits .10 : )
Posted by megahead34 on :
What do you mean fishfarmer?
Posted by megahead34 on :
I was reading thru the PRs on this. What is up with this and PYCT?
I also don't understand how they can have a forward split if its at .0001
Someone please explain. Thanks.
Posted by DWE on :
quote:Originally posted by SincereX13: What's good is the possiblility to make some money over the next few weeks. The company may or may not be legit... but they have claimed to have mines with huge amounts of gold and at least announced a huge forward dividend payment set for March 17th. The hopes are that this things runs before that date. This stock is the gamble of all gambles... don't buy in with money you cannot afford to lose.
HERE WE GO AGAIN! AGAIN, TODAY, SOMEONE IS SAYING WE'LL HAVE A SPLIT ON THE 17TH OF MARCH. A FEW DAYS AGO, A WHOLE BUNCH OF PEOPLE HERE SAID THAT THE SPLIT ALREADY HAPPENED! WHAT'S THE DEAL HERE???? PEOPLE'S STORIES CHANGE EVERY MINUTE WITH PAIM!!! WHAT ARE THE TRUE FACTS!!!???
Posted by joejoe on :
I think this one is going to rock!!
Posted by megahead34 on :
I HONESTLY DON'T KNOW WHAT'S WHAT ANYMORE WITH THIS COMPANY.
FIRST, THE FORWARD DIVIDEND IS SET FOR MARCH 17TH.
THE NEXT DAY, EVERYONE SAYS, THAT IT ALREADY HAPPENED AND IT'S NOT GOING TO HAPPEN ON THE 17TH.
THEN TODAY, SOMEONE AGAIN SAYS IT'S GOING TO HAPPEN ON THE 17TH OR MARCH.
I BET LATER ON, ANOTHER PERSON IS GOING TO SAY, NOPE, IT HAPPENED ALREADY.
I'M JUST GONNA WAIT TILL THE 17TH OF MARCH AND STAY AWAY FROM THIS THREAD TIL THEN.....
Posted by SuperSniper00 on :
DIVIDEND not SPLIT.
Still has to be filed. Hasn't happened yet.
Posted by Max Shrap on :
All of this is moot. They haven't even built the production facilities yet. They don't plan to be up and running 'til the last quarter of the year or sumtin.
Posted by SincereX13 on :
You need to read all of the pr's and read them in order. About 1 month ago the stock did a 1 to 1000 forward split and became PAIM. The company then put out a PR saying they were going to do a 1 to 1000 forward split after the date that the split actually occurred. This confused people b/c they though this meant a second forward split and people who bought into the company after the initial forward split thought they were going to get in on the second one. However, the company realized they made a mistake by issuing the PR after the FS had already happened. Because they felt bad about unintentionally misleading investors they decided to sort of honor a second foward split (its actually a dividend) by giving 1000 preffered shares for every share on March 17th. This dividend is not official yet by any means, but it has been announced by PearlAsia. These new preferred shares will not be traded under PAIM but under a different yet similar ticker. They will be worthless initially as their will be 30 trillion of them... I would gues a R/S of these preffered shares at some point if this whole thing actually even happens. Hope this helps some... You really just need to read through all of the PR's over the last month or two to get a full understanding!
Posted by pay up on :
I think people just don't know what they are talking about. The deal for forward shares was to already take effect. Read the press releases on it. It is explained in the link meggggahead posted
Posted by SuperSniper00 on :
All you need to worry about is in 2 weeks we all will have a 10 bagger.
Posted by DWE on :
I DON'T EVEN CARE ANYMORE... I'M JUST GOING TO GO FIGURE OUT.....
How much wood would a woodchuck chuck if a woodchuck could chuck wood?
AND WHEN I FIGURE THIS OUT, I'LL COME BACK TO THIS PAIM THREAD LATER DAYS.
Posted by Max Shrap on :
"PAIM "Operation Gold Finger" business is as usual and continues to be on target scheduled of its goal: to have the first gold production estimated to be in the last quarter of 2006."
"The customized Gold Processing Plant Design is almost ready to be constructed and built. The Chemical/Metallurgical Laboratory and Gold Refinery Facility is in its first phase of permitting and development. The schedule to commence production is still anticipated to be in late 2006 and early 2007."
Posted by DWE on :
I just found out woodchucks don't really chuck wood
Posted by shomethamoney on :
Hey DWE do you really think this thing has a chance at going to penny land??? hahaha to the bank!
Posted by DWE on :
quote:Originally posted by shomethamoney: Hey DWE do you really think this thing has a chance at going to penny land??? hahaha to the bank!
Hard to say but for PAIM, not anytime soon for a LONG while. But ANYTHING's possible for a microcap company. Sometimes, "miracles" do happen with these companies.
Posted by Max Shrap on :
Can you believe that dude put $35 thousand into this? 350 mil shares? His family better hide all the weapons in a couple weeks when the O/S is 30 trillion and his shares are worthless.
Posted by DWE on :
WHO PUT 35 GRAND IN PAIM?
Posted by Max Shrap on :
Johnny14511
"im holding 350,000,000 shares at .0001 $35,000 You better belive im going to dump when this thing goes up....
IM going to route all my shares at .0002 with SCHB since im problaby the biggest order ill be the first MM on the ask at .0002
wooooooooooo a flipper"
quote:Originally posted by DWE: WHO PUT 35 GRAND IN PAIM?
Posted by Max Shrap on :
There aren't gonna be any revenues 'til the middle of next year. It is all debt for the rest of this year. Divide the debt by 30 trillion less than worthless shares. Everyone is gonna be on the ask. Who's gonna buy 350 mil shares?
Posted by megahead34 on :
I see all green, and this didn't move up one bit....lol
Posted by holdensteele on :
quote:Originally posted by SincereX13: You need to read all of the pr's and read them in order. About 1 month ago the stock did a 1 to 1000 forward split and became PAIM. The company then put out a PR saying they were going to do a 1 to 1000 forward split after the date that the split actually occurred. This confused people b/c they though this meant a second forward split and people who bought into the company after the initial forward split thought they were going to get in on the second one. However, the company realized they made a mistake by issuing the PR after the FS had already happened. Because they felt bad about unintentionally misleading investors they decided to sort of honor a second foward split (its actually a dividend) by giving 1000 preffered shares for every share on March 17th. This dividend is not official yet by any means, but it has been announced by PearlAsia. These new preferred shares will not be traded under PAIM but under a different yet similar ticker. They will be worthless initially as their will be 30 trillion of them... I would gues a R/S of these preffered shares at some point if this whole thing actually even happens. Hope this helps some... You really just need to read through all of the PR's over the last month or two to get a full understanding!
Dead on. I don't understand how or why this is so confusing for so many people on this board. This March 17 divy is clearly a make up for Pearl's mistake with the announcement of the previous f/s. The f/s took place at the same time as the symbol change, but people thought another f/s was coming, so the stock shot up from .0001 to around .001 before falling back to Earth. Like you, I would expect that at some point after the divy, a similar f/s will take place with respect to the preferred shares, thus making the overall O/S more reasonable.
It's amazing how many people on these boards spew all kinds of crap without even understanding a damn thing about what is taking place. The same people whining about PAIM are also asking what the difference is between a common and preferred share. JFC. Learn how to read before buying penny stocks.
Posted by SuperSniper00 on :
Actually the price shot to .001 because they released PR announcing 1.5 million tons of gold and silver were found, which is worth around $250-350million dollars. Not because of news about a F/S.
Posted by SincereX13 on :
quote:Originally posted by holdensteele:
quote:Originally posted by SincereX13: You need to read all of the pr's and read them in order. About 1 month ago the stock did a 1 to 1000 forward split and became PAIM. The company then put out a PR saying they were going to do a 1 to 1000 forward split after the date that the split actually occurred. This confused people b/c they though this meant a second forward split and people who bought into the company after the initial forward split thought they were going to get in on the second one. However, the company realized they made a mistake by issuing the PR after the FS had already happened. Because they felt bad about unintentionally misleading investors they decided to sort of honor a second foward split (its actually a dividend) by giving 1000 preffered shares for every share on March 17th. This dividend is not official yet by any means, but it has been announced by PearlAsia. These new preferred shares will not be traded under PAIM but under a different yet similar ticker. They will be worthless initially as their will be 30 trillion of them... I would gues a R/S of these preffered shares at some point if this whole thing actually even happens. Hope this helps some... You really just need to read through all of the PR's over the last month or two to get a full understanding!
Dead on. I don't understand how or why this is so confusing for so many people on this board. This March 17 divy is clearly a make up for Pearl's mistake with the announcement of the previous f/s. The f/s took place at the same time as the symbol change, but people thought another f/s was coming, so the stock shot up from .0001 to around .001 before falling back to Earth. Like you, I would expect that at some point after the divy, a similar f/s will take place with respect to the preferred shares, thus making the overall O/S more reasonable.
It's amazing how many people on these boards spew all kinds of crap without even understanding a damn thing about what is taking place. The same people whining about PAIM are also asking what the difference is between a common and preferred share. JFC. Learn how to read before buying penny stocks.
Thank you... it drives me crazy having to see this explained at least twice a week. It is all laid out in the PR's.
Posted by Max Shrap on :
THAT PR didn't mention that they aren't gonna have ANY that "treasure" out of the ground 'til 2007.
quote:Originally posted by SuperSniper00: Actually the price shot to .001 because they released PR announcing 1.5 million tons of gold and silver were found, which is worth around $250-350million dollars. Not because of news about a F/S.
Posted by holdensteele on :
quote:Originally posted by SuperSniper00: Actually the price shot to .001 because they released PR announcing 1.5 million tons of gold and silver were found, which is worth around $250-350million dollars. Not because of news about a F/S.
It's impossible to know for sure, but since the the brief rollercoaster ride in PAIM's price correlated with the announcement of the f/s clarification, I tend to think that is the reason. After all, the claim of the discovery has not since changed, but we're back to .0001.
Posted by tyleemary on :
quote:Originally posted by holdensteele:
quote:Originally posted by SincereX13: You need to read all of the pr's and read them in order. About 1 month ago the stock did a 1 to 1000 forward split and became PAIM. The company then put out a PR saying they were going to do a 1 to 1000 forward split after the date that the split actually occurred. This confused people b/c they though this meant a second forward split and people who bought into the company after the initial forward split thought they were going to get in on the second one. However, the company realized they made a mistake by issuing the PR after the FS had already happened. Because they felt bad about unintentionally misleading investors they decided to sort of honor a second foward split (its actually a dividend) by giving 1000 preffered shares for every share on March 17th. This dividend is not official yet by any means, but it has been announced by PearlAsia. These new preferred shares will not be traded under PAIM but under a different yet similar ticker. They will be worthless initially as their will be 30 trillion of them... I would gues a R/S of these preffered shares at some point if this whole thing actually even happens. Hope this helps some... You really just need to read through all of the PR's over the last month or two to get a full understanding!
Dead on. I don't understand how or why this is so confusing for so many people on this board. This March 17 divy is clearly a make up for Pearl's mistake with the announcement of the previous f/s. The f/s took place at the same time as the symbol change, but people thought another f/s was coming, so the stock shot up from .0001 to around .001 before falling back to Earth. Like you, I would expect that at some point after the divy, a similar f/s will take place with respect to the preferred shares, thus making the overall O/S more reasonable.
It's amazing how many people on these boards spew all kinds of crap without even understanding a damn thing about what is taking place. The same people whining about PAIM are also asking what the difference is between a common and preferred share. JFC. Learn how to read before buying penny stocks.
By the way, what is the dif. ?
Posted by SuperSniper00 on :
quote:Originally posted by holdensteele:
quote:Originally posted by SuperSniper00: Actually the price shot to .001 because they released PR announcing 1.5 million tons of gold and silver were found, which is worth around $250-350million dollars. Not because of news about a F/S.
It's impossible to know for sure, but since the the brief rollercoaster ride in PAIM's price correlated with the announcement of the f/s clarification, I tend to think that is the reason. After all, the claim of the discovery has not since changed, but we're back to .0001.
You're wrong. I bought PAIM at .0004 originally. The next day a 2pm Feb 8th, this was the PR that drove PAIM all the way to .002.
"Press Release Source: Pearl Asian Mining Industries Inc.
"Pearl Asian Mining Industries: Significant Gold and Silver Deposits Discovered at the XYZ Gold Mine: Geologist Recoverable Yield Estimate 1.5 Million Tons, an Average Grade of 6.34 Grams/Ton Gold (AU) and 37.24 Grams/Ton Silver (AG) in 20 Hectares Only Wednesday February 8, 2:02 pm ET Estimated Gross Value of $327,930,000.00 at $500.00/Ounce of Gold and $19,444,300.00 at $8.00/Ounce of Silver "
Then came the news about the F/S which caused the price to go down. People got weary about names like Sandy Winnick and E. Pearl Asia. PAIM started dumping shared and it went to .0001.
Posted by DWE on :
I'M WITH PAIM ALL THE WAY.....! I WANT MY 33 BILLION PREFERRED WORTHLESS SHARES! Posted by megahead34 on :
looks like we had record volume today. Nice!
Posted by DWE on :
IF I DO END UP GETTING 33 "BILLION" PREFERRED SHARES, I'LL FEEL LIKE A BILLIONAIRE BUT A "WORTHLESS" ONE. Posted by hurricanematt on :
I'll be hold 1,100,000,000 shares if all goes are a go.
Posted by DWE on :
ANY POSSIBILITIES OF SELLING ALL THESE "PREFERRED" SHARES OFF IMMEDIATELY ONCE YOU GET EM??? I WONDER HOW HARD THAT'S GOING TO BE.....
Posted by 7 of 9 on :
this is all pure risk.
PAIM is for pros only.
If PAIM produces bars of pure gold, it will be retirement for 7 and her 82M shares.
Buy PAIM on a lark, the future is nothing but fog.
Posted by megahead34 on :
Yea, it seems like this would be nice for long term.
Posted by derek111c on :
Threw a few buck in for a long shot. Guess I did not learn my lesson with CMKX
Posted by hurricanematt on :
quote:Originally posted by 7 of 9: this is all pure risk.
PAIM is for pros only.
If PAIM produces bars of pure gold, it will be retirement for 7 and her 82M shares.
Buy PAIM on a lark, the future is nothing but fog.
So how are the pros going to play this one Seven? What do I need to know
Posted by Max Shrap on :
I thought 7 was a dude.
Posted by Max Shrap on :
There aren't enough idiots on this planet that will be willing to buy the TRILLIONS of shares that are going to be bottle necked on the ask.
quote:Originally posted by DWE: ANY POSSIBILITIES OF SELLING ALL THESE "PREFERRED" SHARES OFF IMMEDIATELY ONCE YOU GET EM??? I WONDER HOW HARD THAT'S GOING TO BE.....
Posted by DWE on :
IT DOESN'T MATTER... I'LL STILL FEEL LIKE A BILLIONAIRE WITH MY "GO NOWHERE" 33 BILLION WORTHLESS "PREFERRED" SHARES. Posted by DWE on :
I'LL JUST NEED TO BUY 33 BILLION "FOR SALE" SIGNS, ONE SIGN FOR EACH SHARE I'M GOING TO SELL.
OR MAYBE I'LL SELL MY SHARES AS A "LOT" ON eBay.
Posted by 7 of 9 on :
Golden opportunity Commentary: The case for $1,000 an ounce
By Kevin Kerr, MarketWatch Last Update: 12:01 AM ET Mar 1, 2006
NORWALK, Conn. (MarketWatch) -- All eyes are on gold, not Olympic gold, real gold -- with the yellow metal hitting 25-year highs, technical "buy" signals have been going off all over the place. The questions investors have to ask themselves now are: "Is it too late to buy? And what do I buy?" It's clear that fundamental forces are lining up to push gold to $600 an ounce very quickly, $640 and well beyond. That makes any short-term pull-back, if there is one, a buying opportunity. There are many forces driving gold higher, here are a few. The supply-demand gap Global metals exploration spending fell sharply to $1.9 billion in 2002 from $5.2 billion in 1997. It's back to an estimated $5.2 billion this year. But the lack of past spending has caused a large exploration and development gap. It can take seven to 10 years to bring a new mine online. So now is a good time to snatch up the mining stocks that will benefit most from this lag, Newmont Mining (NEM : Newmont Mining Corporation News , chart, profile, more Last: 53.27-0.88-1.63% 4:01pm 03/03/2006 Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: NEM53.27, -0.88, -1.6% ) for example. Begging to unpeg The U.S. and other leading Western industrialized nations are putting pressure on China to de-peg its currency from the dollar. It may not be such a good idea though. China buys U.S. Treasuries by the fistful to keep its currency pegged -- in fact, U.S. dollar assets account for over three-quarters of Beijing's more-than $818.9 billion in foreign reserves. If China unpegs its currency, it won't have to buy those Treasuries anymore. China could instead substitute and buy something of real value -- like gold. The U.S. needs to attract over $2 billion per day in foreign funds to keep the value of the dollar stable. All China has to do is buy fewer U.S. Treasuries and it will start pushing the dollar down faster then Donald Trump can say "you're fired." And since gold is priced in dollars, as the greenback tumbles, that should send gold much higher. Inflation nation Gold may top a record $873 an ounce during the next three years because the U.S. will be unable to check inflation caused by explosive growth in China and India. Traditionally, some investors buy gold to hedge against growing inflation. Look at history. Gold futures surged to $873 an ounce in 1980, when U.S. consumer prices gains rose into the double digits, more than 12 % from the previous year. Everybody thinks inflation is going to stay around 2%. I highly doubt it. Inflation, excluding food and energy, will probably rise 2.4% by the fourth quarter of 2006 from Q4 2005, up from a 2.1 % gain a year earlier, according to a survey by the National Association for Business Economics found. Petrodollars are pouring into gold Gold demand in the Middle East rose 11% in the third quarter of 2005. Now, the U.S. Energy Department forecasts that the oil revenues of the Organization of the Petroleum Exporting Countries (OPEC), which controls 40% of the world's oil supplies, will hit a record $522 billion this year. That's an increase of 10% -- a new record -- and even adjusted for inflation, that's the highest level in a quarter century! Even if only a small fraction of those funds pour into the gold markets it will cause gold prices to surge. Iraq is teetering on the edge of civil war and the Iran situation over nuclear weapons grade uranium remains volatile. The combination could send Persian Gulf sheiks rushing into the gold markets to buy more gold. Best ways to buy gold Nowadays there are many ways to add gold to your portfolio. The best ways remain the same: gold stocks such as Newmont, Drdgold Ltc. (DROOY : drdgold ltd sponsored adr News , chart, profile, more Last: 1.58+0.03+1.94% 3:59pm 03/03/2006 Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: DROOY1.58, +0.03, +1.9% ) and Barrick (ABX : Barrick Gold Corporation News , chart, profile, more Last: 28.06-0.12-0.43% 4:01pm 03/03/2006 Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: ABX28.06, -0.12, -0.4% ) . Worldwide gold production last year had the largest decline in 39 years, according to the World Gold Council said. Demand in India, the world largest consumer, rose 47 % last year, and 14 % in China, the world's fastest growing economy. The decline in output will likely continue for another few years simply because the industry didn't put money back into the ground when the gold price was languishing. And with demand surging everywhere those already established producers will benefit the most. Another investment vehicle is gold futures and options, my personal favorite. For example in three of my portfolios I own June 610 gold calls, I picked them up relatively cheap and even through all the volatility of late they have remained relatively constant. All it would take is an event similar to the recent attempted attack on a Saudi oil facility and gold would take off. If your thing is to hold the actual gold in your hand then numismatics (coins) or bullion are the way to go. Fixed costs associated with these approaches make them unattractive to me as a trader but it's a good way for some. And lastly ETF's are an easy way for an investor to get involved in the gold market with ease and a bit less volatility then futures. If you are convinced as I am that gold is most certainly moving to the next pricing level, then the only thing to decide is what is the best vehicle to use for the ride there. Gold may be near is highs for this move, but $600 could look like a bargain in a few years if events unfold in this always uncertain world.
Posted by OnceApenny on :
Yeah, thats why I'm in PAIM. See it as a long cheap Call without expiration date.
Posted by joejoe on :
Agreed!
Posted by dkinvest on :
I'll admit, I'm a sucker cause I gotta a cool Grand in this MF'r.
But with each uptick, I'll make another Grand.
.0001 - $1,000 .001 - $10,000
Posted by ohio_trader on :
I sold all but 1 million last week ( wil keep as a novelty)...this is a dawg for now.. avery longterm play...$$$ better spent on CWFG, RSHN, or day trading USXP
***do your homework***
have a good weekend !
Posted by SuperSniper00 on :
This wont run this week...but it will next week. This is gonna pay off bigger than RSHN.
RSHN is at .001, it has to get to .01 for you to make the same amount of money as if this goes from .0001 to .001. Its a lot easier to make it to .001 then .01.
Posted by Raytrader on :
well I had 750k shares left of PAIM and decided to dump it and put my $75 elsewhere but low and behold once I sold it I got $3 back.....so thank you PAIM you cost me alot of bank.......so be carefull guys when you go to sell this company is diluting its share value so you may be better off ~holdin and hopin~....but im off the PAIM train perhaps I got off at the Crapville stop. But good luck to you guys hope it takes you to better places.
Posted by Raytrader on :
if your into gold GWGO may be worth you all lookin into
Posted by SuperSniper00 on :
Apparantly you lack patience. We told you they were diluting and selling stock. Selling to fund projects is a good thing. The company has no debt and wont have any debt. Just wait till the 4th quarter quarterly report says $200million in revenue. stock isnt going to go up with 5 billion being dumped...thats why you buys now when its .0001....too many of you guys buy in halfway thru a run or at the top and lose your ass...selling has stoped and accumilation has begun. thats a good thing...also remember this thing was also probably shorted, i'd like to see the MMs cover those billions of shares when this starts to go up
GWGO? lmao how much gold have they found? oh yeah thats right....ZERO. apparantly they are so bad at the gold business they are trying to buy other gold mining companies which are probably crap, which is why they are being sold!
How much has PAIM found?? Oh yeah thats right they found 1.5 million tons of it and are in the process of mining it. not only that, they are building their own facilities to refine it!
Posted by tyleemary on :
I wish I had bought DEZ a year ago. It was .87, and is now about 5.50.
Had a 2K and almost bought. Oh well.
Posted by SuperSniper00 on :
DEZ nutz!!
Posted by Jay T on :
LoL!
Posted by tyleemary on :
quote:Originally posted by SuperSniper00: DEZ nutz!!
Yeah right.I know it sucks to see a stock that actually moves!
Posted by SuperSniper00 on :
From ihub...
"Please Note:Founder & Chairman E. Pearl Asian
will talk live to all shareholders on Wednesday March 8th from 3:00-3:30 pm eastern on Traders Corner
Anyone no the outstanding and and the authorized shares on this stock?
Posted by daytr8er on :
PAIM 1.5 million tons is alot of gold. When do u guys think this stock will start to move up?
Posted by jellybean on :
VERY SOON!!!! WE WILL SEE .0006 VERY SOON!!! Might be this week. Might reach .01 by end of month.
Posted by DWE on :
Wondering if we'll see 0.0002 or higher this month.....
Posted by DIGDOUGH on :
Hang on i'll give my astronomer friend a buzz. JK
quote:Originally posted by mr money: Anyone no the outstanding and and the authorized shares on this stock?
Posted by madmoney on :
quote:Originally posted by DIGDOUGH: Hang on i'll give my astronomer friend a buzz. JK
quote:Originally posted by mr money: Anyone no the outstanding and and the authorized shares on this stock?
authorized shares - unlimitted, outstanding shares - 30+ billion with 5+ billion in the public float as of 1/31/06
Posted by SincereX13 on :
Interesting post over at IHUB...
greetings to all PAIM shareholders-please allow me to introduce myself. My name is Richard C Miller . I am the Investor Relations Person for PAIM. I will tell you upfront I don't usually read these boards -Why because everyone should do their own Due Dilligence & decide for themself if they want to buy PAIM stock. I don't let others do my homework.I BELIEVE in Pearl & PAIM 110% or I would never have bought in , never mind working for them. I invite all who want to come to the live chat March 8th at http://traderscorner.********s79.com between 3-3:30 est.I will be traveling to the MINE sometime in APRIL or MAY to see 1st hand what is there & will be taking pictures for the shareholders to see.I simply ask you Give Pearl & Paim a chance . IF you are convinced its a fraud or scam ,sell it ,write it off & move on with your lives.Life is to short. hope to see you there. Administrator I thank you for the chance to speak here on your board.Regards Rick C
Posted by dkinvest on :
jelly,
"Might reach .01 by end of month"
Are you kidding me?
Posted by SuperSniper00 on :
quote:Originally posted by dkinvest: jelly,
"Might reach .01 by end of month"
Are you kidding me?
I think .001 is more realistic. I'm hoping it starts printing 2s by the end of the week.
Posted by tyleemary on :
quote:Originally posted by jellybean: VERY SOON!!!! WE WILL SEE .0006 VERY SOON!!! Might be this week. Might reach .01 by end of month.
And you have the inside track I 'spose. I love when you guys think you know a stock will move to a certain level by a certain time.
Posted by jellybean on :
Anything is possible with penny stocks. Paim could fly to .01 this month. When the preferred stock is issue there will be buying from big money boys. Maybe the preferred stock will pay a good dividend. There is a lot of gold to be mined. Richard Miller will have the answers very soon. When it reaches .01 I will retire from the penny stocks.
Posted by jakeo on :
Can anybody verify the post by Richard C on Ihub? I've never heard of an investor relations rep to do that, and it would be interesting to see if someone could get in touch with him via email, or telephone to confirm that post.
Posted by 30CentRunner on :
This stock is so diluted...ouch...
Be at .0001 forever. Not bashing, just saying sell and buy RSHN.....
PBLS is big $$ maker down the road here...
XKEM also would be a wise investment...
Posted by SincereX13 on :
Please just leave this thread to PAIM, we have seen your recent enthusiasm for other stocks elsewhere. No need to spam your picks in every thread.
Posted by 30CentRunner on :
No spam here friend. My enthusiasm and constant craving for researching for winning stocks has left me no other choice but to post my opinions and stocks I think WILL indead go way higher. This one will not. I wish all of the investors in PAIM much luck. I just think it is just a toilet of a pick. TOO MANY SHARES OUT THERE. Just a dump to dump your hard earned cash in. Hey, hope for whatever and bash me again and again. It does nothing..just like you will see on this toilet stock. Put your $$ elswhere that's all I'm saying. Pick your own stocks dude. Just trying to help.
Good luck to all. Let's all become rich.
Posted by joejoe on :
Jellybean...WHEN it reaches $.01, I'll retire from pennystocks with you!!
Posted by DIGDOUGH on :
I thought this interesting from the above gold article. "It can take seven to 10 years to bring a new mine online."
I guess thats not the case with Pearl.I'll be looking forward to seeing the pictures that the PR guy brings back. Pearl is supposed to be up by the end of the year.
Posted by 7 of 9 on :
PAMI improvements will increase the monthly gold production from its current 31-40 kilos to over 1,000 kilos
Have u geniuses been to the PAIM web site? Ive seen a lot of pinkie web sites, and all the rest were total crap.
Today I tried to find out the OS of RSHN. Such a great stock. Yahoo says 50m, but pinksheets says 1B OS. I called "X-Clearing" to find out the OS of RSHN. "X-Clearing" is no longer the ta. Neither the OS or the xfer agent is known for rshn, and im long this one. (Rshn has a crap web site.)
Masbate XYZ Mine- "Operation Gold Finger: The Baleno Gold Project"
The Masbate mine is an example of the small-scale "Mom & Pop" mines ran by Philippine families throughout the 7,000 islands. The normal operation usually will require the effort of several families, and the process is as follows:
Ore is hand dug from the mine site and brought to the processing area by caribou-drawn sleds. Once received at the processing area, workers manually break up and crush ore-containing rock in preparation for the wining process. The solutions for the wining process are placed in hand-made barrels and carted to the processing area. These solutions are then hand-mixed for the wining process. (See picture. It depicts a Philippine worker doing manual separation of ore within the cyanide solution utilizing a pan.) Once separated, a manual process segregates the gold from other ores, which is then taken to a refinery as small "beads" for further processing.
This process is specifically geared for the production of gold and other metals that are left in tailings from the operation. It has been identified that over two times the resulting gold production is discarded in silver alone amongst these tailings.
PAMI is developing a facilities plan for the Masbate mine and others like it. Once implemented, the PAMI improvements will increase the monthly gold production from its current 31-40 kilos to over 1,000 kilos. This increase in productivity not only benefits the mine owners, but the local communities as well.
The new operation will require employment of over 10 times the current number of mine workers. Improvements in local infrastructure necessary to accommodate the new operation will all enhance the accessibility of local communities. Increases in job will necessitate additional facilities for provisions and generate new housing.
Posted by Gurgle Smurf on :
Uhm.
Is the price per share of this stock going to be worth more than the actual amount of gold in the ground if it hits .01 or .001 ?
I personally have $950.00 in this = 9,500,000 shares. A couple of people on here have $3000.00 in this, $200.00 in this, etc. Now if you were to add up, collectively, all of the shares that members of this forum have of PAIM ... AND speculatively add in the number of shares that readers (not posters) in *just this forum ALONE* own of PAIM ...
That's some serious money invested. Now, if PAIM hits big, which is might, then will PAIM's shareholders have more money in PAIM's stock than what is in the gold reserve to begin with ?
Posted by 7 of 9 on :
holding 92m shares
E. Pearl Asian Founder/Chairman A true visionary. Pearl Asian is the leading force behind Pearl Asian Mining Industries, Inc. Her ambition and drive is helping to realize the potential of valuable mining properties that have been under-developed and under-utilized for decades. She is focused on providing a profitable return for investors, coupled with her humanitarian mission, to assist in providing sustainable jobs, the gift of education for the under-privileged children, healthcare benefits for the people and environmental protections of the communities. It is also her vision to make Pearl Asian Mining Industries, Inc. as the “Model” for all mining companies in the Philippines; as the “Pioneer” to make use and leverage the involvement of the communities, the local and international NGO’s (Non-Governmental Organization), to participate in the development of the Philippines Mining Industries and to become as the One "A-Team" to help sustain the economic stability, community involvements and environmental protections of the Republic of the Philippines. In 2003, Pearl has taken a "mom and pop" mining operation in the Philippines to a fast growing multi-national gold mining company.
Posted by DIGDOUGH on :
These PAMI guys must be the greatest in the world at the acquisition of mines. It sounds tremendously good. I have trouble wondering why such resources could be left dormant for so long. And so much, if you catch my drift. I wonder if they have any spares, i'll go open one too. I'm not bashing, but think about it, how people are and have been aggressive in finding gold claims. People have been killed for much smaller things. It looks like this is about to become one rich company, according to the info on the website.
Posted by SuperSniper00 on :
quote:Originally posted by DIGDOUGH: These PAMI guys must be the greatest in the world at the acquisition of mines. It sounds tremendously good. I have trouble wondering why such resources could be left dormant for so long. And so much, if you catch my drift. I wonder if they have any spares, i'll go open one too. I'm not bashing, but think about it, how people are and have been aggressive in finding gold claims. People have been killed for much smaller things. It looks like this is about to become one rich company, according to the info on the website.
Have you been to the philippines? I have, for 6 months. The country is extremely underdevloped. Its really bad. The worst provinces in the country are compared to the worst areas in Africa.
The mines haven't been active because a lot of the people there dont realize the value of them. The disparity in the country between the rich and the poor is huge. The wealth is sitting in the hands of a very few. If they dont want to mine...how can they raise the money to get the equipment to mine it?? These sorts of projects requires investment backers to pay for all this stuff. They also were put under a mandate of the government to NOT mine them. GMA gets elected in 2004 and reopens the mining industry in the country where you now see paim acquiring old abandoned mines in the country.
Do you DD before you start to judge.
Posted by SuperSniper00 on :
I found something but Im not sure what its all about. I need help guys.
PGMC.PK its owned by PAIM. Not sure if it is has or is going to be publically offered (IPO) in the future?
those *** are "stock information systems" with no spaces, stupid blocker...
Overview
Pearl Asian Mining Industries Inc. (PAIM) / Philippines Gold Mining Corporation (PGMC) owns
1. PAIM owns 100% of the 12 gold mining claims located in the Vancouver Island of British Columbia, Canada;
2. A free and clear 21+ acres of Hawaiian Lots located in the Hawaiian Ranchos Estate Subdivision located of the Big Island of Hawaii.
3. 500,000,000 Common Shares of Mellon Research, Inc. (MLON Stocks) booked value of $5,000.00.
4. PGMC owns up to a maximum of 20% of the Net-Equity Revenue Shares Interest of the Pearl Asian Mining Industries, Inc. -Philippines.
5. PAIM owns 100% of the Mining OPERATING Agreement (MOA) with the Pearl Asian Mining Industries- Philippines, commonly know as *Pearl Asian" is the local tenement holder of the Mineral Claim in Masbate Island, Philippines.
Pearl Asian is a Philippine Corporation duly registered in the Securities & Exchange Commission which has 100% interest ownership of the Mineral Production Sharing Agreement (MPSA) located in the Municipality of Baleno, Island of Masbate, Philippines. MPSA is the equivalent to the Gold Mining Claims Rights of the US & Canada.
Pearl Asian / Philippines Gold (PGMC) are committed to work and partner with the Philippines Government to acquire abandoned mines with known and proven gold reserves, untapped for centuries.
Furthermore, Pearl Asian / Philippines Gold will be involved in providing products and services targeting the small scale miners in order to create orderly and sustainable job opportunities; extract and produce gold, silver & other mineral products; which promotes the growth of this newly-born mining revival industry of the Philippines. This small-scale mining is a community livelihood economic base that covers 1% of the total Philippines gold mines and a substantial amount of gold production output. This mineral wealth has been stagnant and un-tapped for over a decade.
Executive Summary-Pearl Asian Mining (PAMI/PGMC)
The XYZ Mineral Deposit which is located in Barangay Cancahorao, Municipality of Baleno, Province of Masbate, Masbate Island, Philippines is considered a widely mineralized area and identified as a major deposit of gold and silver and reasonable copper. It has been explored by several known mining and geological institutions such as the Atlas Consolidated Mining Development Co. (ACMDC), a local mining company that operates the Masbate Gold Operations in Aroroy, Masbate during the 80’s and 90’s whose mining site is further north of the claim area and by the RP-JICA, a joint Philippine-Japan Geological Institution which indicated the area to be highly altered and well mineralized and presence of precious metals such as gold, silver, copper including titanium is noticeably abound. The area was known to have been mined by “coyote” or rough method during the pre-war time as evidenced by a number of working tunnels uncovered in the area and past historical data gathered from local residents.
Pearl Asian Mining Industries, Inc (PAMI) a wholly owned Filipino mining company became interested of the mining area in year 2004 and filed a Mineral Production Sharing Agreement (MPSA) application covering an area of 72 hectares on the XYZ Mineral Deposit whose application is now nearing approval by the Department of Environment and Natural Resources-Mines and Geosciences Bureau (DENR-MGB). A Small Scale Mining Permit issued by the Provincial government covering 20 hectares inside the 72 hectares application was granted for the purpose of assuring the hold of the company, to initially start geological investigation and to be able to start a modest operation until such time that the MPSA is granted. Two Exploration Permit applications (EPA) at the north-northeast of the same mineral area were also applied thus increasing the tenement portfolio of the company at 2,000 hectares. PAMI conducted two field geological investigations over the 20 hectares area of the MPSA application and a total of 123 samples at surface and outcrops were collected. During the conduct of the exploration, 4 tunnels were found which were partly inspected while 5 old trenches were also uncovered. From the surface and outcrop samples collected a grade up to 94 grams gold per ton of ore and up to 608 grams silver per ton of ore were analyzed. These interesting results have encouraged the company to the point that a second exploration program was made. Two more tunnels and six more old trenches were found. These geological activities include only a semi-detailed geologic mapping, topographic mapping, trenching and channel sampling and plan has been programmed to rehabilitate and explore the uncovered tunnels whose entrance is difficult to access due to collapsed portals. A more detailed Geological Report can be made available for reference. From these geological findings, a resource/reserve estimate was calculated and finally a more realistic data was obtained using polygon approach and with several considerations taken hence defining the estimate on the basis of three (3) categories, measured, indicated and inferred.
The resource estimate was further refined and a mineable reserve was produced using geologic reserve interpellation. The first mining plan that was envisaged was the inception of a small-scale operation between 50 to 100 tpd of gold ore using a conventional cyanidation process from a mineable resource of 327,000 tonnes (measured + indicated resource) grading at 6.34 gpt Au and 37.24 gpt Ag. Mining method applicable would be a combination of selective open cast/trenching method and sub-level caving method. This gave a Capital requirement of $1.4 million dollars using second hand equipments. This project is quite robust, economically viable and showed interesting return of investment with a Net Income before tax of $2.15 million after the three years of operations. The Philosophy of the company is to commence mining whatever viable reserve is available and continue with exploration which would be financed internally to increase the resource since the potential of the area is overwhelming.
The project can be implemented over a 5 months period of construction and development upon firm availability of Capital.
Posted by SuperSniper00 on :
Job postings for the mining operations.
Posted by shomethamoney on :
Please save yourselves from this unraveling mess. At only .0001 this stock will never run. MM's and others will keep it down. Do your own DD but diluted shares to many to count and people trying to pump it just to get the price up. Look at RSHN they are trying to bash it Super Sniper for one. He wants to get people into this stock, don't believe me check through the posts. He is a pumper and dumper. Better beware and do your DD on this one folks. 7 of 9 in the same boat look through RSHN and see their bashing posts there. They talk like they're your friends but they are pumpers and dumpers.
Posted by cactus33 on :
your gonna need pcce volume to make $ here.
and pcce was the volume leader today...
IMO bail PAIM and go to pcce and ddsi instead..
do it quick or it's gonna be to late to join the party
IMO
Posted by JoeMillion on :
shame shame on you = SuperSniper00 and 7 of 9
Joe
Posted by SuperSniper00 on :
pump and dump? I'm doing DD, trying to figure out whats going on with PAIM and RSHN. Showmethemoney im glad you came to this thread to bash me and 7 of 9 because we just want to know the facts before investing.
Please grow up.
As far as dilution...it might not be as bad as we think. If the O/S is 30 billion, I doubt that is the amount floating around to buy. PGMC alone owns 20% of the shares of PAIM. That is 30 billion - 6 billion...now we are only at 24 billion shares. Assuming PAIM is probably going to own shares themselves, probably somewhere between 50-70% that would leave us with between 12 and 16.8billion shares floating around.
Posted by SuperSniper00 on :
~~!!********* NEW PR *********!!~~
Press Release Source: Pearl Asian Mining Industries, Inc.
Pearl Asian Mining Industries ''Operation Gold Finger'' April, 2005 Reports: XYZ Gold Project Showed an Estimated Ore Reserve of over 2.4 Million Metric Tons of Gold & Silver Tuesday March 7, 6:00 am ET US $60,285 Per Day X 360 Days Per Year Operation = $21,702,600.00 Estimated Annual Gross Revenue
PASIG CITY, Philippines--(BUSINESS WIRE)--March 7, 2006--Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) reports: The XYZ Gold Project (Town of Baleno) is located in Barangay Concahorao, Baleno, Province of Masbate. The area is app. 25 miles southeast of the known Masbate Gold Operations of the former Atlas Consolidated Mining and Development Corporation in Aroroy, Masbate Island. The Masbate Island is approximately 2,530 square miles and is populated by Small Scale Miners in every part of its territory with a total production of 6 to 8 kilos (estimated 257.21 ounces) of gold per day equivalent * $500 / ounce = $128,605.00 USD daily. ADVERTISEMENT
This is a Pre-World War II Gold Mining Area with numerous gold vein tunnels that assay shows average of 15 grams to a high of 90.37 grams per ton of gold and 533.6 grams per ton of silver, plus other minerals like molybdenum and zinc. The initial exploration showed an estimated 1.5 million metric tons of gold & silver reserves. The Baleno XYZ Gold Project workings indicate a good potential of the area, thus continuous exploration was made by private mining companies during the 1970's and the 1980's including the RP-JICA Project in 1988.
Pearl Asian Mining hired Mayon Geotech and Geo-Environmental Services which have conducted a geological survey of the area last December, 2004, and semi-detailed to detailed exploration survey last April, 2005. The semi-detailed to detailed exploration survey works included rehabilitation of old tunnels, rehabilitation of old and new trenches. Series of quartz veins from 100 mm up to 2,500mm were prominent in the area. The April, 2005 Geological & Exploration Report performed by the MGGS for Pearl Asian Mining showed an estimated ore reserve of over 2.4 million metric tons of gold & silver.
Processing at an average of 15 grams per ton of gold ore to produce an estimated 3,750 grams of gold = est. 120.57 ounces per day * $500 / ounce is estimated equal to $60,285.00 per day in production.
US $60,285 per day X 360 days per year operation = $21,702,600.00 estimated annual gross revenue.
Further exploration and rehabilitation of the existing tunnels are already planned and continuously ongoing this year 2006. Investors should not be concerned of any immediate reverse split for six (6) months or after one (1) year update. The Philippine Government had released and lifted up the emergency government alert. Mining in the Philippines has an ideal legal atmosphere, is conducive for most mining explorations and productions. The Philippine Mining Law is one of the best as it protects not only its people but also its environment.
Forward Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Pearl Asian Mining Industries, Inc. Richard C. Miller, 770-336-5824 (FAX) 877-317-4430 IR*PearlAsianMining.com www. PearlAsianMining.com or Philippines: +63-2-490. 0140
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries, Inc.
Posted by Graham Charitable Trust on :
lets see what that does for us
"...with a total production of 6 to 8 kilos (estimated 257.21 ounces) of gold per day equivalent * $500 / ounce = $128,605.00 USD daily."
Posted by fishfarmer on :
WOW!!!!
Posted by MoneyMoneyMoney on :
And people are thinking gold will go up to 800 by years end!!!
Posted by Dr. Evil on :
It moved ... and then back to .0001.
False start for the PAIM Train.
Posted by dkinvest on :
My Scottrade shows bid at -1.00
???
Posted by Dr. Evil on :
PASIG CITY, Philippines, Mar 07, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (PAIM) reports: The XYZ Gold Project (Town of Baleno) is located in Barangay Concahorao, Baleno, Province of Masbate. The area is app. 25 miles southeast of the known Masbate Gold Operations of the former Atlas Consolidated Mining and Development Corporation in Aroroy, Masbate Island. The Masbate Island is approximately 2,530 square miles and is populated by Small Scale Miners in every part of its territory with a total production of 6 to 8 kilos (estimated 257.21 ounces) of gold per day equivalent * $500 / ounce = $128,605.00 USD daily.
This is a Pre-World War II Gold Mining Area with numerous gold vein tunnels that assay shows average of 15 grams to a high of 90.37 grams per ton of gold and 533.6 grams per ton of silver, plus other minerals like molybdenum and zinc. The initial exploration showed an estimated 1.5 million metric tons of gold & silver reserves. The Baleno XYZ Gold Project workings indicate a good potential of the area, thus continuous exploration was made by private mining companies during the 1970's and the 1980's including the RP-JICA Project in 1988.
Pearl Asian Mining hired Mayon Geotech and Geo-Environmental Services which have conducted a geological survey of the area last December, 2004, and semi-detailed to detailed exploration survey last April, 2005. The semi-detailed to detailed exploration survey works included rehabilitation of old tunnels, rehabilitation of old and new trenches. Series of quartz veins from 100 mm up to 2,500mm were prominent in the area. The April, 2005 Geological & Exploration Report performed by the MGGS for Pearl Asian Mining showed an estimated ore reserve of over 2.4 million metric tons of gold & silver.
Processing at an average of 15 grams per ton of gold ore to produce an estimated 3,750 grams of gold = est. 120.57 ounces per day * $500 / ounce is estimated equal to $60,285.00 per day in production.
US $60,285 per day X 360 days per year operation = $21,702,600.00 estimated annual gross revenue.
Viability: The XYZ Gold property indicates potential viability, using above data and applying a 0.5 safety factor for the concerned assay. Using conservative figures for Pearl Asian's profit and loss projection, the XYZ Gold Project showed positive net income after taxes on the second year of operation utilizing the following assumptions: (A) Milling rate * 50,000 metric tons per year small scale production; (B) Metal price of gold * US$460/ounce (US$561.60/ounce as of this writing); (C) Silver price * US$7/ounce; (D) Capital cost needed * US$3.0 million; (E) Conservative operating cost (subject to further modifications once available information is completed).
Further exploration and rehabilitation of the existing tunnels are already planned and continuously ongoing this year 2006. Investors should not be concerned of any immediate reverse split for six (6) months or after one (1) year update. The Philippine Government had released and lifted up the emergency government alert. Mining in the Philippines has an ideal legal atmosphere, is conducive for most mining explorations and productions. The Philippine Mining Law is one of the best as it protects not only its people but also its environment.
Posted by tyleemary on :
quote:Originally posted by SuperSniper00: ~~!!********* NEW PR *********!!~~
Press Release Source: Pearl Asian Mining Industries, Inc.
Pearl Asian Mining Industries ''Operation Gold Finger'' April, 2005 Reports: XYZ Gold Project Showed an Estimated Ore Reserve of over 2.4 Million Metric Tons of Gold & Silver Tuesday March 7, 6:00 am ET US $60,285 Per Day X 360 Days Per Year Operation = $21,702,600.00 Estimated Annual Gross Revenue
PASIG CITY, Philippines--(BUSINESS WIRE)--March 7, 2006--Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) reports: The XYZ Gold Project (Town of Baleno) is located in Barangay Concahorao, Baleno, Province of Masbate. The area is app. 25 miles southeast of the known Masbate Gold Operations of the former Atlas Consolidated Mining and Development Corporation in Aroroy, Masbate Island. The Masbate Island is approximately 2,530 square miles and is populated by Small Scale Miners in every part of its territory with a total production of 6 to 8 kilos (estimated 257.21 ounces) of gold per day equivalent * $500 / ounce = $128,605.00 USD daily. ADVERTISEMENT
This is a Pre-World War II Gold Mining Area with numerous gold vein tunnels that assay shows average of 15 grams to a high of 90.37 grams per ton of gold and 533.6 grams per ton of silver, plus other minerals like molybdenum and zinc. The initial exploration showed an estimated 1.5 million metric tons of gold & silver reserves. The Baleno XYZ Gold Project workings indicate a good potential of the area, thus continuous exploration was made by private mining companies during the 1970's and the 1980's including the RP-JICA Project in 1988.
Pearl Asian Mining hired Mayon Geotech and Geo-Environmental Services which have conducted a geological survey of the area last December, 2004, and semi-detailed to detailed exploration survey last April, 2005. The semi-detailed to detailed exploration survey works included rehabilitation of old tunnels, rehabilitation of old and new trenches. Series of quartz veins from 100 mm up to 2,500mm were prominent in the area. The April, 2005 Geological & Exploration Report performed by the MGGS for Pearl Asian Mining showed an estimated ore reserve of over 2.4 million metric tons of gold & silver.
Processing at an average of 15 grams per ton of gold ore to produce an estimated 3,750 grams of gold = est. 120.57 ounces per day * $500 / ounce is estimated equal to $60,285.00 per day in production.
US $60,285 per day X 360 days per year operation = $21,702,600.00 estimated annual gross revenue.
Further exploration and rehabilitation of the existing tunnels are already planned and continuously ongoing this year 2006. Investors should not be concerned of any immediate reverse split for six (6) months or after one (1) year update. The Philippine Government had released and lifted up the emergency government alert. Mining in the Philippines has an ideal legal atmosphere, is conducive for most mining explorations and productions. The Philippine Mining Law is one of the best as it protects not only its people but also its environment.
Forward Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Pearl Asian Mining Industries, Inc. Richard C. Miller, 770-336-5824 (FAX) 877-317-4430 IR*PearlAsianMining.com www. PearlAsianMining.com or Philippines: +63-2-490. 0140
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries, Inc.
WAHHHHHHHHH ! I want my Ba-Ba !!!
Posted by singledadandhappy on :
show me the money
Posted by deltaray on :
Lets give this baby a try Posted by fishfarmer on :
Got another mil.
Posted by DIGDOUGH on :
OK thanks, you confirmed what I said in part. I hope they have the gold too. But like you said the rich are the ones digging it out. And its very amazing that anybody government or otherwise would decide to leave millions of tons of gold in the ground, when they're hurting for money. Get a loan buy equipment. Get locals as human sacrifice for dangerous work and oila, a gold conglomerate unsurpassed in the annals of mining industry. As greedy as Marcos was, you would think he would have reopened the mines.
quote:Originally posted by SuperSniper00:
quote:Originally posted by DIGDOUGH: These PAMI guys must be the greatest in the world at the acquisition of mines. It sounds tremendously good. I have trouble wondering why such resources could be left dormant for so long. And so much, if you catch my drift. I wonder if they have any spares, i'll go open one too. I'm not bashing, but think about it, how people are and have been aggressive in finding gold claims. People have been killed for much smaller things. It looks like this is about to become one rich company, according to the info on the website.
Have you been to the philippines? I have, for 6 months. The country is extremely underdevloped. Its really bad. The worst provinces in the country are compared to the worst areas in Africa.
The mines haven't been active because a lot of the people there dont realize the value of them. The disparity in the country between the rich and the poor is huge. The wealth is sitting in the hands of a very few. If they dont want to mine...how can they raise the money to get the equipment to mine it?? These sorts of projects requires investment backers to pay for all this stuff. They also were put under a mandate of the government to NOT mine them. GMA gets elected in 2004 and reopens the mining industry in the country where you now see paim acquiring old abandoned mines in the country.
Do you DD before you start to judge.
Posted by fishfarmer on :
Bet $20 on 10 the hard way! Posted by SuperSniper00 on :
PAIM filed a 15c2-11 information statement.
Public float is only 5 billion with O/S of 30 billion. Preferred shares will be 30 trillion but will be hard to trade I assume, which will limit any dilution of the companies worth.
POS PCCE can do it anything can
Posted by megahead34 on :
So is PAIM kind of like a waiting game? Just get it while its so cheap and have patience, it should be huge end of the year and next year. Is this correct?
Posted by DWE on :
I have no idea if it's going to be huge or not. All I know is I now have 50 million shares of PAIM. Let's hope for the BEST!
Posted by dkinvest on :
"Just get it while its so cheap..."
I was gonna wait for a pull-back.
LOL
Posted by daytr8er on :
LOL dk
I think PAIM will be trading in the .0004-.0005 soon just look at volume and charts.
Dont wait for a pullback! LOL
Posted by DWE on :
quote:Originally posted by dkinvest: "Just get it while its so cheap..."
I was gonna wait for a pull-back.
LOL
You "cain't" beat the low price of $0.0001. Each share of this company cost way less than ANY and ALL items at your local corner 99 cents store that is located down the block from your home. Posted by PCola77 on :
Is that true? Can anyone post Level 2? I assume there's a line about 100 miles long to sell at .0002 though that will take a while to break through unfortunately, since so many people bought at .0001
quote:Originally posted by TroyAnalysis: only 1 left now at .0001 (ask)
POS PCCE can do it anything can
Posted by daytr8er on :
U just never know whick penny stock will move and when. But i like PAIM .0001 mainly because it has not gone done at all past couple of days. I guess they are all buys : )
Posted by daytr8er on :
gone down
Posted by DIGDOUGH on :
PAIM holding strong, a lot of support at .0001.
Posted by dkinvest on :
"PAIM holding strong, a lot of support at .0001."
Great!! That's what we need!!
LOL
Posted by Big Green 1 on :
To quote Bill Cosby "Push em out - shove em out - WAY OUT!"
Posted by dkinvest on :
This thing is flat-lining.
Posted by Raytrader on :
I think Im gonna bail.....all the way
Posted by TroyAnalysis on :
think i'm gonna continue to accumulate! lol
Posted by DWE on :
I just picked up an additional 2 million of CNES. Gotta love CNES!
For PAIM... I now have 50 million shares.
Posted by TroyAnalysis on :
nice DWE
Posted by megahead34 on :
Wow, did you see that 800% jump, was that real?
Posted by dkinvest on :
WTF? DID YOU SEE THAT????????????????????????????
Posted by bobcat88 on :
.0009? four fat finger trades, my account looked sweet there for a second.
Posted by DWE on :
Anyone see the 36 million shares that were just traded for 0.0009??? LoL! Now why is it that everytime this happens, it's always too late to sell? Now back to 0.0001 Posted by DWE on :
Anyone see the 36 million shares that were just traded for 0.0009??? LoL! Now why is it that everytime this happens, it's always too late to sell? Now back to 0.0001 Posted by bobcat88 on :
must be DWE dumping his shares!?
Posted by DWE on :
LoL! Not a chance. Keepin' these cheap babies for awhile!
Posted by dkinvest on :
3.9M * .0009 according to my Scottrade.
Posted by DWE on :
Weird... I saw 9,000,000 X 4 for 0.0009. Oh well, all is done and over with.
Posted by DWE on :
quote:Originally posted by megahead34: Wow, did you see that 800% jump, was that real?
Of course not silly... That's why it's back to 0.0001
Posted by SuperSniper00 on :
I think 9's are a few weeks away. Hoping for at least 2's by end of the week hopefully. Looking for 3-4-5's next week with anticipation of the divvy.
Posted by bobcat88 on :
Either someone is loading up on 9mil buys or someone at a switchboard fell asleep and there hand is resting on the keyboard. 31 trades *9 mil each.
Posted by dkinvest on :
"Wow, did you see that 800% jump, was that real?"
That was the paddles tryin' to give life to this stock.
Posted by bobcat88 on :
were did all the asks go?
Posted by megahead34 on :
Huge volume last hour. Something is going on.
Posted by bobcat88 on :
Dont know what is going on but a put in a buy for 5k *.0002 and it's not showing up anywhere, are they in lockdown?
Posted by fishfarmer on :
"Just a Matter of Time"
Posted by hurricanematt on :
we got .0002
Posted by cactus33 on :
ask at .0002...........
jeezz.......
kidding me........?
wow
Posted by dkinvest on :
Closed at .0002?
Posted by megahead34 on :
nice!
Posted by DWE on :
Nice to see PAIM close at 0.0002 eventhough it doesn't mean squat right now with a WHOPPING 10,000 shares traded at 15:57
Posted by dkinvest on :
This was some wacky Sh*t here today.
Posted by plni on :
Very weird day,even last minute was wacky.
Posted by SuperSniper00 on :
Well the new PR stated that once mining commences they will be pulling in $100K revenue a day.
I told you guys this wont run until the week of the 13th. But you dont want to believe me. Last week PAIM was dumping to raise capital. This week their is massive accumilation of those shares. Mixed with people wanting to get in on the preferred share dividend there is lots of demand. Demand drives up the price of the stock. Public float is only about 5 billion despite a 30 billion O/S. and 7 of 9 alone has 82m shares and DWE has 50 million.
Posted by TroyAnalysis on :
yea it was dkinvest wow Posted by fishfarmer on :
My sentiments exactly Sniper!
Posted by dkinvest on :
You could add 10M for me.
Posted by llpupsll on :
PUT ME DOWN FOR 67 MILZ. LETS GET THIS PUPPY UP TO GWGO STATUS. GOOD LUCK ALL
Posted by MoneyMoneyMoney on :
I've got 20 million. You can even see the prices I've paid throughout the posts.
Posted by megahead34 on :
How do you guys think this will perform tomorrow?
Posted by dkinvest on :
"How do you guys think this will perform tomorrow?"
Strong support at .0001 & strong resistance at .0002.
Posted by joejoe on :
This one is gonna roll!! Hold on baby!!
Posted by ohio_trader on :
I sold all but a million of this company in the last week or so right....but something looks to be up no doubt GOOD or BAD ......and i don't think we're going to have to wait much longer to find out......the RSI is showing an uptrend at days end for the first time in awhile...2.6 billion traded today....saw 450 million get traded in the last 1/2 an hour...to end at .0002...w/ a pop up to .0009 within the last 1/2 hr of trading........
PAIM may play out like a CSI episode before alls said and done..but i think this case will be solved by the end of this month...hopefully positive..........
*** do your homework***
Ohio_Trader
Posted by Raytrader on :
Im "high" rollin with my 5m shares........!!! Posted by TroyAnalysis on :
chart update.. Posted by pennydude on :
sittin on 5222222 shares--so ready for action soon
Posted by moosehead9nc on :
well, i just put a GTC order in for 10 mil at .0001 i wonder if it will fill, and if that was a good decision, guess time will tell
Posted by moosehead9nc on :
is it easy to fill at .0001?
Posted by ohio_trader on :
To buy easy, to sell get in line.........
Posted by ohio_trader on :
To buy easy, to sell get in line.........
Posted by DIGDOUGH on :
what?
quote:Originally posted by ohio_trader: To buy easy, to sell get in line.........
Posted by Drunner611 on :
Right now, PAIM has like unlimited shares out there. Buying * .0001 is no problem, they just give you the shares, or someone sick of hanging onto them is. Selling is a problem though. Even to sell * .0002 will be nearly impossible since everyone is already trying to sell their billions of shares and you'll be at the back of the line.
Posted by moosehead9nc on :
hmm, maybe i just might cancel that order lol, looks like one of those "decent company, but have wayy too many shares" problems
Posted by TINPOZ on :
ive been wanting to get some of this myself, but have been alittle skakey. you think even though it doubled late its still a good time to get on board? just asking.
Posted by TINPOZ on :
i meant shakey. lol
Posted by moosehead9nc on :
i don't think its closed at .0002 for a while, hence why it peaked my interest, but i would think that since they are going to make so much money from this gold everyday, id expect it to be a little higher, or atleast have a little run like gwgo did, but o well, who knows
Posted by zowwie438 on :
All,
OK... I'm in for early AM buy. Lets see where this puppy will go!
GLTA
Zow
Posted by DIGDOUGH on :
Posted by DIGDOUGH on :
quote:Originally posted by DIGDOUGH: So it looks like we're positioning ourselves in a new gold rush. With all the gold under the ground in the filipines that I read about recently, it would seem hard for it to go wrong. I have heard how people,worker,and environment concious the Pearl Asian Mining is supposed to be. I hope they can give as much consideration to us bunch of prospectors. So far so good with the .0001 PPS. I always get the idea that I missed the gold rush, because I wasn't in Nevada and California circa 1849-1880. But by gosh the old sidewinders done gone and found himself a claim here in good old 2006. I'll have a grubstake in my account in the morning for a few million more little nuggets..
Posted by TINPOZ on :
whats the open on this? does anyone know. im still learning my way around this stock market thing. thanks
Posted by DIGDOUGH on :
.0001 is a good possibility. Thats what my bid is going to be.
quote:Originally posted by TINPOZ: whats the open on this? does anyone know. im still learning my way around this stock market thing. thanks
Posted by bobcat88 on :
Dont get overexcited about that .0002 closing, it was a wopping 10,000 share trade or to break it down $2. Think people we just trying to see what was going on with the stock since it had 4 trades go through at .0009 by mistake.
Posted by searchingforpennies on :
Thats why ya throw your lotto money into something like this just a hoping for a nice pop. The way the subs are a poppin it's just a matter of time before it's this ones turn again, rode the last one from .0007 to .0015 and that was after the forward split so the potential is there, resistance at .0002 ? sure for the ones that only want a double I want alot more than that, and can get it, look at gwgo rode that from .0003 to .0024 and yep met resistance along the way but the money flow tells the story so come on in, lets all ride the train together!!! That .0002 was just the beginning of something thats gona make people sick sitting on the side lines saying shoulda woulda coulda. All IMHO of course!!
Posted by TroyAnalysis on :
PAIM..Live Chat w/Founder/CEO Tomorrow at 3:00 -3:30 EST.
If you have questions, come ask them. Registration required. This is NOT an endorsement of this company and I expect a lot of questions on the share structure will have to be answered with this forward split. Below is today's PR.
Pearl Asian Mining Industries ''Operation Gold Finger'' April, 2005 Reports: XYZ Gold Project Showed an Estimated Ore Reserve of over 2.4 Million Metric Tons of Gold & Silver Mar 7, 2006 6:00:00 AM Copyright Business Wire 2006
PASIG CITY, Philippines--(BUSINESS WIRE)--March 7, 2006--
US $60,285 Per Day X 360 Days Per Year Operation = $21,702,600.00 Estimated Annual Gross Revenue
Pearl Asian Mining Industries, Inc. (OTC:PAIM) reports: The XYZ Gold Project (Town of Baleno) is located in Barangay Concahorao, Baleno, Province of Masbate. The area is app. 25 miles southeast of the known Masbate Gold Operations of the former Atlas Consolidated Mining and Development Corporation in Aroroy, Masbate Island. The Masbate Island is approximately 2,530 square miles and is populated by Small Scale Miners in every part of its territory with a total production of 6 to 8 kilos (estimated 257.21 ounces) of gold per day equivalent * $500 / ounce = $128,605.00 USD daily.
This is a Pre-World War II Gold Mining Area with numerous gold vein tunnels that assay shows average of 15 grams to a high of 90.37 grams per ton of gold and 533.6 grams per ton of silver, plus other minerals like molybdenum and zinc. The initial exploration showed an estimated 1.5 million metric tons of gold & silver reserves. The Baleno XYZ Gold Project workings indicate a good potential of the area, thus continuous exploration was made by private mining companies during the 1970's and the 1980's including the RP-JICA Project in 1988.
Pearl Asian Mining hired Mayon Geotech and Geo-Environmental Services which have conducted a geological survey of the area last December, 2004, and semi-detailed to detailed exploration survey last April, 2005. The semi-detailed to detailed exploration survey works included rehabilitation of old tunnels, rehabilitation of old and new trenches. Series of quartz veins from 100 mm up to 2,500mm were prominent in the area. The April, 2005 Geological & Exploration Report performed by the MGGS for Pearl Asian Mining showed an estimated ore reserve of over 2.4 million metric tons of gold & silver.
Processing at an average of 15 grams per ton of gold ore to produce an estimated 3,750 grams of gold = est. 120.57 ounces per day * $500 / ounce is estimated equal to $60,285.00 per day in production.
US $60,285 per day X 360 days per year operation = $21,702,600.00 estimated annual gross revenue.
Viability: The XYZ Gold property indicates potential viability, using above data and applying a 0.5 safety factor for the concerned assay. Using conservative figures for Pearl Asian's profit and loss projection, the XYZ Gold Project showed positive net income after taxes on the second year of operation utilizing the following assumptions: (A) Milling rate * 50,000 metric tons per year small scale production; (B) Metal price of gold * US$460/ounce (US$561.60/ounce as of this writing); (C) Silver price * US$7/ounce; (D) Capital cost needed * US$3.0 million; (E) Conservative operating cost (subject to further modifications once available information is completed).
Further exploration and rehabilitation of the existing tunnels are already planned and continuously ongoing this year 2006. Investors should not be concerned of any immediate reverse split for six (6) months or after one (1) year update. The Philippine Government had released and lifted up the emergency government alert. Mining in the Philippines has an ideal legal atmosphere, is conducive for most mining explorations and productions. The Philippine Mining Law is one of the best as it protects not only its people but also its environment.
Forward Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Pearl Asian Mining Industries, Inc.
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Pearl Asian Mining Industries Inc. Richard C. Miller 770-336-5824 (FAX) 877-317-4430 IR*PearlAsianMining.com www. PearlAsianMining.com or Philippines: +63-2-490. 0140
[ March 07, 2006, 22:35: Message edited by: TroyAnalysis ]
Posted by SuperSniper00 on :
I have broken down some of the info of the 15c2-11 that was released on the 6th.
- According to the 15c2-11 statement the reason PAIM's OS is 30 billion is because they combined the common shares of PRLGF and PRMN in 2004. Then in February they did the 1:1000 split. Not sure why they did that. I think most of the shares are owned by PAIM or subsidies of PAIM.
- It also says March 17th is the record date set by the company for the preferred shares dividend and they will be paid on March 31st. Remember if they filed this, the NASD will set the X date which could be inbetween a few days to a week IMO. That would mean the xdate would either be today or tomorrow.
- PAIM also owns a subsidy in Nevada under the symbol PGMC which is not tradable yet. They are going to issue an IPO soon to raise $5 million in cash to fund the mining of PAIM in the philippines. PGMC is going to be the Metallurgical and Chemical Lab used to process all the minerals and metals produced from all the mining sites owned by PAIM. They also plan to use the plant to process metals and minerals for other mining companies in the philippines and around the world.
- They also claim to have no outstanding loans or debts.
- PAIM plans on hiring 150 workers in the next 45 days as the manpower for the XYZ mine.
- 1%-3% of profits from the philippine mines will go to the Government of the Republic of the Philippines (GRP).
- PAIM is awaitng and authorization of an additional 1,000 hectares of land at the XYZ site from the philippine government. The government only granted them an initial 20 hectares. (1 hectare is approximately 2.5 acres) which IMO could lead to the discovery of 2-3 times as much gold/silver and additional minerals.
- It states none of the employees of PAIM have ever been charged with any criminal activity, in relations to stocks, or otherwise.
I think this should clear up a lot of questions about PAIM, which may be why it had such high volume today. I think its the start of good things to come from the company. Not sure if you guys noticed but this stock seems to operate a little differently then most of the pennies and i think its because we have an actual gold mine. I am in the military and my job is to study the philippines. I was just there for 6 months and they sent me to school to learn how to speak Tagalog(filipino). A lot of the things they say are concurrent with how things in the philippines work.
I'm not an advisor and im not telling you to buy, do your own DD. These are just my opinions and I am probably considered a big rookie when it comes to stock trading. Just do your DD before you consider anything I say, because after all they are just my opinions and not expert financial advice.
E. PAIM to raise enough funds of app. $4,800,000 to acquire 40% of ownership of the Cebu Beach Club Resort as an additional income generating business venture and to serve as housing accommodation for PAIM’s Shareholders & guests who may wish to visit the Pearl Asian Mining Gold Refinery & Chem / Met Laboratory also located in Cebu Island, Philippines.
Looks like the money they are getting is going into investments and not directly into the pockets of the owners. That is a very good thing. And incase you didn't know, Cebu is a world famous vacation spot, mostly for rich people from asia and europe. Scuba diving and their white sandy beaches are some of the best in the world.
[ March 07, 2006, 23:24: Message edited by: SuperSniper00 ]
Posted by jakeo on :
so free vacation to the phillies?
Posted by Teknical_D on :
I'm of the opinion that this will be a long position. (once the dividend happens) I'm not expecting to sell before 2007. I think we will get some flux and growth of the PPS later in the year once gold production begins.
I really like all the diversity of the company and the re-investment of the funds. I hope they can attain some level of transparency so more investors will be attracted to what will soon be an awesome pick to own.
Whaddya think?
Posted by LaQuintaGolfer on :
I've bought into this stock a little over a year ago (when it was PRLGF)and have watched the Philippine gold stocks very closely since then. There is so much upside once the politics are handled and they get down to business. I also bought into BENGF (Benguet Corp)an old established mining co. in the Philippines. I think both companies are good investments to hold onto for at least another year. BENGF was once a $20 stock. Lots of upside...you can google Philippine News and get to the Philippine Star and other newspapers for business info from that part of the world. It's interesting and a lot of fun.
Posted by OILDOG on :
Supersniper,better read the 15c2-11 AGAIN. That's 30 TRILLION shares outstanding. Not sure why they did a 1000:1 f/s? It's called MASSIVE dilution. AND, they are UNLIMITED in the amount of shares they can add. And they WILL reverse split and take your money. I've been caught in three the past year. Ouch!! I also find it interesting that they "released" the 15c2-11 at same time as PYCT. Some of the same people involved. My investigation finds UDVE,MDGM and GRYF(remember THAT one?) tied to Riverside Investments, which is also tied to MLON(PYCT) and PAIM. Riverside is an "unauthorized bank" in Oregon. Hmmmmmm.
Posted by OILDOG on :
Opppss. Was'nt finished. Looks like they are using "investors" money to buy themselves a lavish lifestyle,when they supposedly need it to start mining gold and build the lab. This stock may be the only "gold" they ever "mine"!! If they can make so much money from the gold, why dont they wait a couple months? What if they actually produced sayyyyy $300 million in gold, divided by 30 TRILLION shares. Ouch ouch. My calculator wont handle that many zeros. Hmm pps around .001. Well,guess that's better than .0001!
Posted by SuperSniper00 on :
That is 30 trillion PREFERRED shares, not common stock. Two completely different things here. The preferred shares will be almost untradable thus not adding to or taking away anything at all really. Either way if they are sitting on a billion dollars worth of metals and minerals, its nothing a R/S wouldnt solve in a year.
Posted by dkinvest on :
.0002 is holding up, wow.
Posted by fishfarmer on :
Too good to be true?
Posted by dkinvest on :
Am I dreaming?
Posted by moosehead9nc on :
i hope so, because im trying to buy at 1 lol
Posted by daytr8er on :
PAIM good time to accumulate shares here at .0002 before it goes up more???
Posted by fishfarmer on :
The fever is upon us boys and girls!! Posted by holdensteele on :
quote:Originally posted by OILDOG: 30 TRILLION shares.
30 trillion shares . . . not.
Posted by bobcat88 on :
175mil, almost all * .0002, everybody sitting on there hands too greedy to take only 100% and to uncertain to load up for the run. fasten your seatbelts it's gonna be a fun ride. USXP all over again.
Posted by dkinvest on :
"PAIM good time to accumulate shares here at .0002 before it goes up more???"
I think this questions falls under "common-sennse"
Posted by TroyAnalysis on :
lol dkinvest
Posted by 7 of 9 on :
Facts from 7, holding 100m
1) we can never hold preferred shares. wont happen
2) getting shares under a new symbol is a divy, not a f-split
Talk about a heavy float.
Posted by fishfarmer on :
quote:Originally posted by invester: Talk about a heavy float.
Just kicking off my man. Posted by invester on :
Take a look at RSHN, and KSWJ. Both of these companies have amazing products in the works. I am rarely wrong about stocks. These stocks go higher.
Posted by Thomas Mick on :
There is no bid at .0002, so how do you propose selling at that?
Posted by invester on :
I would have proposed never owning this stock to begin with. Look at RSHN, and KSWJ. These will be real movers. Quote me on that.
Posted by dkinvest on :
Grab your life preserver, WHERE GOIN' DOWN!
Posted by dkinvest on :
"Look at RSHN, and KSWJ"
I wish I could buy those, but I can't afford them - too expensive.
Posted by Thomas Mick on :
Down and unchanged... so?
Posted by invester on :
Lighten your load, and get on board a real stock. I've called the management on both stocks "something you should always do". These stocks have great products in the pipeline. Count on it.
Posted by George on :
quote:Originally posted by Thomas Mick: There is no bid at .0002, so how do you propose selling at that?
That is what I always notice these guys thinking...They think when they bought at .0001 and the BA goes up 100% to .0001/.0002 that they are up 100%....only on paper...you have to sell at .0002 and that's not happening till you at least get a bid of .0002 and a ask of .0003.....You can do the same thing on every .0001 stock...buy a $100 worth and wait, hope there is no R/S (which there will be), pray what ever you want...get a hundred diffrent ones to increase your odds.....it is the lotto folks....if it was that easy to say any gold mine is going to make money we would all be rich....most of these go nowhere and you money sits for ever and slowly disappears with the scams...and the people here are too close to all the scammers...look at MLON, GRYF and who is tied to who..no matter what they say...If they are that smart why did they take stock in a worthless MLON for a stakes claim trade?
Posted by invester on :
Lighten your load, and get on board a real stock. I've called the management on both stocks "something you should always do". These stocks have great products in the pipeline. Count on it.
Posted by zowwie438 on :
Invester,
You think someone will sell 2M AT.0001?
My order isn't going through, but then again the entire etrade site was down for almost 10 minutes!!!
Zow
Posted by invester on :
Are you trying to buy this stock? Please don't. Have you seen there float? Probably the highest out there. The company has a market cap over 15billion. Get real here. This stock goes nowhere. RSHN, and KSWJ. These are solid emerging companies. Quote me.
Posted by daytr8er on :
Arent all subpenny stocks like lottery tickets??? lol Lets just hope PAIM is a winning lottery ticket. : )
Posted by invester on :
I would play the real lottery before I would throw away my money on this heavy float. RSHN, KSWJ guys. I've been doing this a long time. I have a laundry list of stocks I have won on. I am rarely wrong. To each his own though. If you want a good sub penny mining company, look at UNCN. The management owns allot of the company, and the float is light.
Posted by positivearn on :
Would you stop pumping KSWJ and RSHN? Do you really think by suggesting to buy it a MILLION times it will change anybody's mind? Suggest it once, fine...Maybe even twice...But when you start preaching it sort of sounds like you're desperate and may need a little extra money to pay your bills...Or, I can even say thanks for being such a swell guy for wanting me, a complete stranger, to make some money in the same stocks you own!
Posted by invester on :
Just trying to shed a little light. My intentions are only good. Trust me, I have no problem paying bills. Have a good day.
Posted by dkinvest on :
"Would you stop pumping KSWJ and RSHN? Do you really think by suggesting to buy it a MILLION times it will change anybody's mind?"
Yeah really, enough already, I mean I already told him that it was too expensive, and I couldn't afford it.
LOL
Posted by 7 of 9 on :
invester = Robert Corr
invester, what exactly is the float of rshn?
how do u determine float when the xfer agent is bogus?
bob, tell us the agent
ive dumped rshn so u can keep dumping i now
grind it down to 1
Posted by invester on :
You guys are destin to fail with that Forsyth. Happy trading.
Posted by fishfarmer on :
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PAIM -- Pearl Asian Mining Industries Inc. Com ($0.001)(New)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
OTCPicks.com: Pre-Market Stocks to Watch for Wednesday, March 8th, SEVI, PAIM, IHDR, MGEN, BTWO, IMNR
Mar 08, 2006 (M2 PRESSWIRE via COMTEX) -- Our Stocks to Watch for today include - Systems Evolution, Inc. (OTCBB:SEVI), Pearl Asian Mining Industries Inc. (OTC: PAIM), Internal Hydro International, Inc. (OTCBB: IHDR), Med Gen Inc. (OTCBB:MGEN), B2Digital, Inc. (OTCBB: BTWO), Immune Response Corporation (OTCBB:IMNR) SYSTEMS EVOLUTION, INC. (OTCBB: SEVI) "Up 203.92% on Tuesday"
Systems Evolution, Inc. (OTCBB:SEVI), http://www.systemsevolution.com, is a publicly held professional services organization founded in 1993 that provides software development solutions, Enterprise Project Management consulting, and managed network support through its Consulting division and permanent placement through its Next Hire Consultants division. Its Consulting Division is a Microsoft Gold Certified Partner.
SEVI News:
March 7 - Systems Evolution Announces Master Services Agreement with Microsoft
Systems Evolution, Inc. (OTCBB:SEVI), a leading integrator of Microsoft tools and provider of business consulting services, announced today that it has signed a Master Services Agreement with Microsoft Corporation.
"This agreement enables Microsoft Business Managers to engage SEVI for services for clients where they are needed without delay. Our emerging company with its highly experienced management team has received significant and continual validation of its capabilities from some of the world's top corporations," stated Mr. Robert Rhodes, CEO.
PEARL ASIAN MINING INDUSTRIES, INC. (OTC: PAIM) "Up 100% on Tuesday"
Pearl Asian Mining Industries Inc. (OTC: PAIM) is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Utilizing a Debt-Free Financial Statement, and world-class mining expertise, Pearl Asian is recognized for its leadership in the mining industry.
Pearl Asian Mining Industries Inc. currently owns 100% of the 12 mining claims in the Namaimo Area of Vancouver Island, British, Columbia, Canada. PAIM owns 100% of the Exclusive Operation Mining Agreement (EOMP) with the Pearl Asian Mining- Philippines Corporation, 100% owner of the Small Scale Mining Permit (SSMP) on the 20 hectares of the XYZ Gold Mine Site; with pending approval of its Minerals Production Sharing Agreement (MPSA) Certification on over 8000 hectares of the XYZ Gold Mine Site. MPSA is the equivalent to the Mining Claims in US & Canada.
Pearl Asian's mission is to partner with the Philippine Government in order to acquire abandoned mines with known and proven gold reserves left for centuries. In addition, Pearl Asian is involved in providing products and services targeting the small scale miners in order to create orderly and sustainable gold and mineral productions that promote the growth of this newly-born, Mining Revival Industry Sector of the Philippines. This Small Scale Mining is a Community Livelihood Economic Base that covers 1% of the total Philippines Gold Mines and substantial amount of Gold productions output.
PAIM News:
March 7 - Pearl Asian Mining Industries ''Operation Gold Finger'' April, 2005 Reports: XYZ Gold Project Showed an Estimated Ore Reserve of over 2.4 Million Metric Tons of Gold & Silver
US $60,285 Per Day X 360 Days Per Year Operation = $21,702,600.00 Estimated Annual Gross Revenue
Pearl Asian Mining Industries, Inc. (OTC:PAIM) reports: The XYZ Gold Project (Town of Baleno) is located in Barangay Concahorao, Baleno, Province of Masbate. The area is app. 25 miles southeast of the known Masbate Gold Operations of the former Atlas Consolidated Mining and Development Corporation in Aroroy, Masbate Island. The Masbate Island is approximately 2,530 square miles and is populated by Small Scale Miners in every part of its territory with a total production of 6 to 8 kilos (estimated 257.21 ounces) of gold per day equivalent * $500 / ounce = $128,605.00 USD daily.
This is a Pre-World War II Gold Mining Area with numerous gold vein tunnels that assay shows average of 15 grams to a high of 90.37 grams per ton of gold and 533.6 grams per ton of silver, plus other minerals like molybdenum and zinc. The initial exploration showed an estimated 1.5 million metric tons of gold & silver reserves. The Baleno XYZ Gold Project workings indicate a good potential of the area, thus continuous exploration was made by private mining companies during the 1970's and the 1980's including the RP-JICA Project in 1988.
Pearl Asian Mining hired Mayon Geotech and Geo-Environmental Services which have conducted a geological survey of the area last December, 2004, and semi-detailed to detailed exploration survey last April, 2005. The semi-detailed to detailed exploration survey works included rehabilitation of old tunnels, rehabilitation of old and new trenches. Series of quartz veins from 100 mm up to 2,500mm were prominent in the area. The April, 2005 Geological & Exploration Report performed by the MGGS for Pearl Asian Mining showed an estimated ore reserve of over 2.4 million metric tons of gold & silver.
Processing at an average of 15 grams per ton of gold ore to produce an estimated 3,750 grams of gold = est. 120.57 ounces per day * $500 / ounce is estimated equal to $60,285.00 per day in production.
US $60,285 per day X 360 days per year operation = $21,702,600.00 estimated annual gross revenue.
Viability: The XYZ Gold property indicates potential viability, using above data and applying a 0.5 safety factor for the concerned assay. Using conservative figures for Pearl Asian's profit and loss projection, the XYZ Gold Project showed positive net income after taxes on the second year of operation utilizing the following assumptions: (A) Milling rate * 50,000 metric tons per year small scale production; (B) Metal price of gold * US$460/ounce (US$561.60/ounce as of this writing); (C) Silver price * US$7/ounce; (D) Capital cost needed * US$3.0 million; (E) Conservative operating cost (subject to further modifications once available information is completed).
Further exploration and rehabilitation of the existing tunnels are already planned and continuously ongoing this year 2006. Investors should not be concerned of any immediate reverse split for six (6) months or after one (1) year update. The Philippine Government had released and lifted up the emergency government alert. Mining in the Philippines has an ideal legal atmosphere, is conducive for most mining explorations and productions. The Philippine Mining Law is one of the best as it protects not only its people but also its environment.
INTERNAL HYDRO INTERNATIONAL, INC. (OTCBB: IHDR) "Up 76.47% on Tuesday"
Internal Hydro International, Inc. (OTCBB: IHDR) is an alternative energy company that developed a clean energy power system, the Energy Commander Systems that utilizes a patented technology, using waste water, fluid or gas flow to create electricity. For more information, please visit the Company's Web site at www.InternalHydro.com
IHDR News:
March 6 - Internal Hydro International Business Plan Projections for European and North American Rollout
Internal Hydro International Inc. (OTCBB:IHDR) (www.InternalHydro.com) announces that with the rollout of the low impact hydro Energy Commander (EC) units in the second quarter of 2006, that the projections for unit production, placement and revenue for the first year of market placement shows that over one thousand units by second quarter 2007, is projected. Revenue after the first year of operations of such units is projected to be $23,450,000. Since IHDR has recently gained a significant new shareholder base in the past few days, the overview of its business plan and projections is in order.
With each EC unit producing 30 kilowatts of constantly available electricity from a low impact renewable hydro source, each unit is a renewable energy production device, using a fraction of the flows of normal turbines, at greater efficiency and cost basis. Assuming a $0.05 per kilowatt hour (KwH) for electricity value, a voluntary and mandatory renewable energy credit revenue of approximately $0.02 per KwH, and a $0.02 combined tax credit per KwH, each unit will produce approximately $17,500.00 per year in available revenue. With a projected 500 units to be fielded in the U.S. in the first full year of operation, this will result in a revenue flow of $8,750,000 in one year of operations for those 500 units. Each unit in the U.S. will be held as corporate assets, not sold, and the electricity will be discounted to the landowner, while IHDR retains the remaining electricity revenue, RECs and tax credits.
Through its European partner, Cm2, IHDR expects that a one year rollout of units in the EU will be 600 units. Due to significantly more valuable energy credits and electricity value in the EU, each EC unit is projected by Cm2 to have a revenue potential of over 37,000 Euros per year, the equivalent of $44,000.00 per unit. With the operation of over 600 units over one year, $26,400,000 in revenue can be created. IHDR and Cm2 will share in this revenue where IHDR could receive $13,200,000, at little cost to IHDR. In addition, IHDR will be paid an average one time royalty of $2,500 from Cm2 for each unit, or $1,500,000 for the first 600 units.
The corporate philosophy of IHDR is to have impactful dividends from its EC operations shared with its shareholders. With a combined revenue from the 1,100 EC units from both the EU and the U.S. after one year of operations, the combined available revenue to IHDR is projected to be $23,450,000. Obviously, additional units being fielded during the same time period will create an even larger revenue base both in the United States and the EU.
IHDR is also seeking measures that will create an avenue for the Corporation to share the created tax credits with its shareholders, as a means of a dividend policy if possible.
MED GEN, INC. (OTCBB: MGEN) "Up 148.28% on Tuesday"
Med Gen Inc. (OTCBB:MGEN), in business since 1996, manufactures and markets the world's first liquid spray snoring relief formula, Snorenz(R) for which its founders received a patent in 1998. Since its existence, Med Gen has continued to develop its "sprays the way" technology, and in 2003 introduced Good Night's Sleep(R) to the sleep-aid market. Both Snorenz(R) and Good Night's Sleep(R) are nationally advertised and marketed to major chain and drug stores as well as direct sales via the company web site.
The company is now completing its testing on a radically different approach and delivery system for its weight loss program, UNDIET(TM). IRI, a retail data reporting service, suggests that the combined market for snoring and sleep aides could exceed $500 million and the weight loss market could exceed $60 billion by 2007.
Med Gen Inc, is a full reporting company whose stock trades on the OTCBB under the symbol MGEN.
B2DIGITAL, INC. (OTCBB: BTWO) "Up 63.64% on Tuesday"
B2Digital, Inc. (OTCBB: BTWO) is a provider of secure and reliable Pay-Per-View, video-on-demand, and digital services to the hospitality industry. The company is currently operating Pay-Per-View, broadcast-free-to-guest TV and broadband digital services in North American hotel rooms. For additional information, please visit http://www.b2digital.com.
IMMUNE RESPONSE CORPORATION, INC. (OTCBB: IMNR) "Up 48.98% on Tuesday"
The Immune Response Corporation (OTCBB:IMNR) is an immuno-pharmaceutical Company focused on developing products to treat autoimmune and infectious diseases. The Company's lead immune-based therapeutic product candidates are NeuroVax(TM) for the treatment of MS and IR103 for the treatment of HIV infection. Both of these therapies are in Phase II clinical development and are designed to stimulate pathogen-specific immune responses aimed at slowing or halting the rate of disease progression.
NeuroVax(TM), which is based on the Company's patented T-cell receptor (TCR) peptide technology, has shown potential clinical value in the treatment of relapsing forms of MS. NeuroVax(TM) has been shown to stimulate strong disease specific cell mediated immunity in nearly all patients treated and appears to work by enhancing levels of FOXP3+ Treg cells that are able to down regulate the activity of pathogenic T-cells that cause MS. Increasing scientific findings have associated diminished levels of FOXP3+ Treg cell responses with the pathogenesis and progression of MS and other autoimmune diseases such as rheumatoid arthritis (RA), psoriasis and Crohn's disease. In addition to MS, the Company has open Investigational New Drug Applications (IND) with the FDA for clinical evaluation of TCR peptide-based immune-based therapies for RA and psoriasis.
IR103 is based on the Company's patented whole-inactivated virus technology, co-invented by Dr. Jonas Salk and indicated to be safe and immunogenic in extensive clinical studies of REMUNE(R), the Company's first generation HIV product candidate. IR103 is a more potent formulation that combines its whole-inactivated antigen with a synthetic Toll-like receptor (TLR-9) agonist to create enhanced HIV-specific immune responses. The Company is currently testing IR103 in two Phase II clinical studies as a first-line treatment for treatment-naive HIV-infected individuals not yet eligible for antiretroviral therapy according to current medical guidelines.
NeuroVax(TM) and IR103 are in clinical development by The Immune Response Corporation and are not approved by any regulatory agencies in any country at this time. Please visit The Immune Response Corporation at www.imnr.com.
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PAIM -- Pearl Asian Mining Industries Inc. Com ($0.001)(New)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
OTCPicks.com: Pre-Market Stocks to Watch for Wednesday, March 8th, SEVI, PAIM, IHDR, MGEN, BTWO, IMNR
Mar 08, 2006 (M2 PRESSWIRE via COMTEX) -- Our Stocks to Watch for today include - Systems Evolution, Inc. (OTCBB:SEVI), Pearl Asian Mining Industries Inc. (OTC: PAIM), Internal Hydro International, Inc. (OTCBB: IHDR), Med Gen Inc. (OTCBB:MGEN), B2Digital, Inc. (OTCBB: BTWO), Immune Response Corporation (OTCBB:IMNR) SYSTEMS EVOLUTION, INC. (OTCBB: SEVI) "Up 203.92% on Tuesday"
Systems Evolution, Inc. (OTCBB:SEVI), http://www.systemsevolution.com, is a publicly held professional services organization founded in 1993 that provides software development solutions, Enterprise Project Management consulting, and managed network support through its Consulting division and permanent placement through its Next Hire Consultants division. Its Consulting Division is a Microsoft Gold Certified Partner.
SEVI News:
March 7 - Systems Evolution Announces Master Services Agreement with Microsoft
Systems Evolution, Inc. (OTCBB:SEVI), a leading integrator of Microsoft tools and provider of business consulting services, announced today that it has signed a Master Services Agreement with Microsoft Corporation.
"This agreement enables Microsoft Business Managers to engage SEVI for services for clients where they are needed without delay. Our emerging company with its highly experienced management team has received significant and continual validation of its capabilities from some of the world's top corporations," stated Mr. Robert Rhodes, CEO.
PEARL ASIAN MINING INDUSTRIES, INC. (OTC: PAIM) "Up 100% on Tuesday"
Pearl Asian Mining Industries Inc. (OTC: PAIM) is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Utilizing a Debt-Free Financial Statement, and world-class mining expertise, Pearl Asian is recognized for its leadership in the mining industry.
Pearl Asian Mining Industries Inc. currently owns 100% of the 12 mining claims in the Namaimo Area of Vancouver Island, British, Columbia, Canada. PAIM owns 100% of the Exclusive Operation Mining Agreement (EOMP) with the Pearl Asian Mining- Philippines Corporation, 100% owner of the Small Scale Mining Permit (SSMP) on the 20 hectares of the XYZ Gold Mine Site; with pending approval of its Minerals Production Sharing Agreement (MPSA) Certification on over 8000 hectares of the XYZ Gold Mine Site. MPSA is the equivalent to the Mining Claims in US & Canada.
Pearl Asian's mission is to partner with the Philippine Government in order to acquire abandoned mines with known and proven gold reserves left for centuries. In addition, Pearl Asian is involved in providing products and services targeting the small scale miners in order to create orderly and sustainable gold and mineral productions that promote the growth of this newly-born, Mining Revival Industry Sector of the Philippines. This Small Scale Mining is a Community Livelihood Economic Base that covers 1% of the total Philippines Gold Mines and substantial amount of Gold productions output.
PAIM News:
March 7 - Pearl Asian Mining Industries ''Operation Gold Finger'' April, 2005 Reports: XYZ Gold Project Showed an Estimated Ore Reserve of over 2.4 Million Metric Tons of Gold & Silver
US $60,285 Per Day X 360 Days Per Year Operation = $21,702,600.00 Estimated Annual Gross Revenue
Pearl Asian Mining Industries, Inc. (OTC:PAIM) reports: The XYZ Gold Project (Town of Baleno) is located in Barangay Concahorao, Baleno, Province of Masbate. The area is app. 25 miles southeast of the known Masbate Gold Operations of the former Atlas Consolidated Mining and Development Corporation in Aroroy, Masbate Island. The Masbate Island is approximately 2,530 square miles and is populated by Small Scale Miners in every part of its territory with a total production of 6 to 8 kilos (estimated 257.21 ounces) of gold per day equivalent * $500 / ounce = $128,605.00 USD daily.
This is a Pre-World War II Gold Mining Area with numerous gold vein tunnels that assay shows average of 15 grams to a high of 90.37 grams per ton of gold and 533.6 grams per ton of silver, plus other minerals like molybdenum and zinc. The initial exploration showed an estimated 1.5 million metric tons of gold & silver reserves. The Baleno XYZ Gold Project workings indicate a good potential of the area, thus continuous exploration was made by private mining companies during the 1970's and the 1980's including the RP-JICA Project in 1988.
Pearl Asian Mining hired Mayon Geotech and Geo-Environmental Services which have conducted a geological survey of the area last December, 2004, and semi-detailed to detailed exploration survey last April, 2005. The semi-detailed to detailed exploration survey works included rehabilitation of old tunnels, rehabilitation of old and new trenches. Series of quartz veins from 100 mm up to 2,500mm were prominent in the area. The April, 2005 Geological & Exploration Report performed by the MGGS for Pearl Asian Mining showed an estimated ore reserve of over 2.4 million metric tons of gold & silver.
Processing at an average of 15 grams per ton of gold ore to produce an estimated 3,750 grams of gold = est. 120.57 ounces per day * $500 / ounce is estimated equal to $60,285.00 per day in production.
US $60,285 per day X 360 days per year operation = $21,702,600.00 estimated annual gross revenue.
Viability: The XYZ Gold property indicates potential viability, using above data and applying a 0.5 safety factor for the concerned assay. Using conservative figures for Pearl Asian's profit and loss projection, the XYZ Gold Project showed positive net income after taxes on the second year of operation utilizing the following assumptions: (A) Milling rate * 50,000 metric tons per year small scale production; (B) Metal price of gold * US$460/ounce (US$561.60/ounce as of this writing); (C) Silver price * US$7/ounce; (D) Capital cost needed * US$3.0 million; (E) Conservative operating cost (subject to further modifications once available information is completed).
Further exploration and rehabilitation of the existing tunnels are already planned and continuously ongoing this year 2006. Investors should not be concerned of any immediate reverse split for six (6) months or after one (1) year update. The Philippine Government had released and lifted up the emergency government alert. Mining in the Philippines has an ideal legal atmosphere, is conducive for most mining explorations and productions. The Philippine Mining Law is one of the best as it protects not only its people but also its environment.
INTERNAL HYDRO INTERNATIONAL, INC. (OTCBB: IHDR) "Up 76.47% on Tuesday"
Internal Hydro International, Inc. (OTCBB: IHDR) is an alternative energy company that developed a clean energy power system, the Energy Commander Systems that utilizes a patented technology, using waste water, fluid or gas flow to create electricity. For more information, please visit the Company's Web site at www.InternalHydro.com
IHDR News:
March 6 - Internal Hydro International Business Plan Projections for European and North American Rollout
Internal Hydro International Inc. (OTCBB:IHDR) (www.InternalHydro.com) announces that with the rollout of the low impact hydro Energy Commander (EC) units in the second quarter of 2006, that the projections for unit production, placement and revenue for the first year of market placement shows that over one thousand units by second quarter 2007, is projected. Revenue after the first year of operations of such units is projected to be $23,450,000. Since IHDR has recently gained a significant new shareholder base in the past few days, the overview of its business plan and projections is in order.
With each EC unit producing 30 kilowatts of constantly available electricity from a low impact renewable hydro source, each unit is a renewable energy production device, using a fraction of the flows of normal turbines, at greater efficiency and cost basis. Assuming a $0.05 per kilowatt hour (KwH) for electricity value, a voluntary and mandatory renewable energy credit revenue of approximately $0.02 per KwH, and a $0.02 combined tax credit per KwH, each unit will produce approximately $17,500.00 per year in available revenue. With a projected 500 units to be fielded in the U.S. in the first full year of operation, this will result in a revenue flow of $8,750,000 in one year of operations for those 500 units. Each unit in the U.S. will be held as corporate assets, not sold, and the electricity will be discounted to the landowner, while IHDR retains the remaining electricity revenue, RECs and tax credits.
Through its European partner, Cm2, IHDR expects that a one year rollout of units in the EU will be 600 units. Due to significantly more valuable energy credits and electricity value in the EU, each EC unit is projected by Cm2 to have a revenue potential of over 37,000 Euros per year, the equivalent of $44,000.00 per unit. With the operation of over 600 units over one year, $26,400,000 in revenue can be created. IHDR and Cm2 will share in this revenue where IHDR could receive $13,200,000, at little cost to IHDR. In addition, IHDR will be paid an average one time royalty of $2,500 from Cm2 for each unit, or $1,500,000 for the first 600 units.
The corporate philosophy of IHDR is to have impactful dividends from its EC operations shared with its shareholders. With a combined revenue from the 1,100 EC units from both the EU and the U.S. after one year of operations, the combined available revenue to IHDR is projected to be $23,450,000. Obviously, additional units being fielded during the same time period will create an even larger revenue base both in the United States and the EU.
IHDR is also seeking measures that will create an avenue for the Corporation to share the created tax credits with its shareholders, as a means of a dividend policy if possible.
MED GEN, INC. (OTCBB: MGEN) "Up 148.28% on Tuesday"
Med Gen Inc. (OTCBB:MGEN), in business since 1996, manufactures and markets the world's first liquid spray snoring relief formula, Snorenz(R) for which its founders received a patent in 1998. Since its existence, Med Gen has continued to develop its "sprays the way" technology, and in 2003 introduced Good Night's Sleep(R) to the sleep-aid market. Both Snorenz(R) and Good Night's Sleep(R) are nationally advertised and marketed to major chain and drug stores as well as direct sales via the company web site.
The company is now completing its testing on a radically different approach and delivery system for its weight loss program, UNDIET(TM). IRI, a retail data reporting service, suggests that the combined market for snoring and sleep aides could exceed $500 million and the weight loss market could exceed $60 billion by 2007.
Med Gen Inc, is a full reporting company whose stock trades on the OTCBB under the symbol MGEN.
B2DIGITAL, INC. (OTCBB: BTWO) "Up 63.64% on Tuesday"
B2Digital, Inc. (OTCBB: BTWO) is a provider of secure and reliable Pay-Per-View, video-on-demand, and digital services to the hospitality industry. The company is currently operating Pay-Per-View, broadcast-free-to-guest TV and broadband digital services in North American hotel rooms. For additional information, please visit http://www.b2digital.com.
IMMUNE RESPONSE CORPORATION, INC. (OTCBB: IMNR) "Up 48.98% on Tuesday"
The Immune Response Corporation (OTCBB:IMNR) is an immuno-pharmaceutical Company focused on developing products to treat autoimmune and infectious diseases. The Company's lead immune-based therapeutic product candidates are NeuroVax(TM) for the treatment of MS and IR103 for the treatment of HIV infection. Both of these therapies are in Phase II clinical development and are designed to stimulate pathogen-specific immune responses aimed at slowing or halting the rate of disease progression.
NeuroVax(TM), which is based on the Company's patented T-cell receptor (TCR) peptide technology, has shown potential clinical value in the treatment of relapsing forms of MS. NeuroVax(TM) has been shown to stimulate strong disease specific cell mediated immunity in nearly all patients treated and appears to work by enhancing levels of FOXP3+ Treg cells that are able to down regulate the activity of pathogenic T-cells that cause MS. Increasing scientific findings have associated diminished levels of FOXP3+ Treg cell responses with the pathogenesis and progression of MS and other autoimmune diseases such as rheumatoid arthritis (RA), psoriasis and Crohn's disease. In addition to MS, the Company has open Investigational New Drug Applications (IND) with the FDA for clinical evaluation of TCR peptide-based immune-based therapies for RA and psoriasis.
IR103 is based on the Company's patented whole-inactivated virus technology, co-invented by Dr. Jonas Salk and indicated to be safe and immunogenic in extensive clinical studies of REMUNE(R), the Company's first generation HIV product candidate. IR103 is a more potent formulation that combines its whole-inactivated antigen with a synthetic Toll-like receptor (TLR-9) agonist to create enhanced HIV-specific immune responses. The Company is currently testing IR103 in two Phase II clinical studies as a first-line treatment for treatment-naive HIV-infected individuals not yet eligible for antiretroviral therapy according to current medical guidelines.
NeuroVax(TM) and IR103 are in clinical development by The Immune Response Corporation and are not approved by any regulatory agencies in any country at this time. Please visit The Immune Response Corporation at www.imnr.com.
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The information contained herein contains forward-looking information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 including statements regarding expected continual growth of the company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect the company's actual results of operation. Factors that could cause actual results to differ include the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term, pricing pressures, unforeseen and/or nexpected circumstances in happenings, pricing pressures, etc. Investing in securities is speculative and carries risk. Past performance does not guarantee future results.
Third Party Web Sites and Information: OTCPicks.com and newsletter may provide hyperlinks to third party websites or access to third party content. OTCPicks.com does not control, endorse, or guarantee content found in such sites. You agree that OTCPicks.com is not responsible for any content, associated links, resources, or services associated with a third party site. You further agree that OTCPicks.com shall not be liable for any loss or damage of any sort associated with your use of third party content. Links and access to these sites are provided for your convenience only.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
-0-
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All information contained herein is provided "as is." Pink Sheets LLC makes no representation or warranty, expressed or implied, as to the accuracy, timeliness, or completeness of the information provided herein. Neither Pink Sheets LLC, nor its directors, officers, employees, or third party data suppliers, shall bear any responsibility or liability to verify the information and/or its source or for the use, misuse, or inability to use the information provided. None of the foregoing parties shall be liable to any third-party claims or losses of any nature. Accordingly, investors should not use this information as the basis for making an investment decision. Please see Risk Warning and Terms of Service for more information.
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Comments or Suggestions?
Posted by positivearn on :
7 of 9...I love it! Yes, tell us Bob...
Posted by dkinvest on :
ivester,
Don't let the door hit you in the *ss on the way out.
Posted by DIGDOUGH on :
I have RSHN. I can only buy so many shares.
Posted by DIGDOUGH on :
This could be one of the rare times that invester is wrong.
Posted by zowwie438 on :
OK baby... Lets see this thing move. :-)
Zow
Posted by bobcat88 on :
A 1k share trade, someone looking to make a grand once this stock hits $1? yeah right!
Posted by moosehead9nc on :
woot, just bought 10 mil at .0001
Posted by Ripler on :
how about 1 mill at .0001.........
Posted by jakeo on :
it might look like PAIMs selling is over, everybody is hangin on... no point in selling at 1
Posted by SuperSniper00 on :
VERT joined in on the action. Getting some attention now.
Posted by SuperSniper00 on :
Remeber pearl is talking live at 3pm at Traders Corner for anyone interested.
Posted by cactus33 on :
ameritrde ticker freakin
showin paim at .02 with no trading
weird
Posted by cactus33 on :
sorry just put it in wrong
Posted by Ripler on :
im trying to pick up shares but its impossible
Posted by dkinvest on :
At what PPS?
Posted by Ripler on :
0002 ... dont think it will go through
Posted by TroyAnalysis on :
that's weird...
Posted by Ripler on :
indeed it is
volume seems good
Posted by fishfarmer on :
Are we seeing mirrow trades boys and girls? Posted by zowwie438 on :
Ripler,
I put my order in last night AT .0001 and it didn't get filled until 11AM this morning.
Zow
Posted by Graham Charitable Trust on :
Um?
Posted by MoneyMoneyMoney on :
Damn I'm up 200 grand. lol. Too bad its not true.
Quit that!!!!
Posted by moosehead9nc on :
fat finger i assume
Posted by Graham Charitable Trust on :
scottrade is showing a 4900% increase
Posted by PCola77 on :
Gotta love those trades. Up 4900% for the day... Posted by PCola77 on :
Two of them in a row., Must not be fat finger, must be real!!!!
(jk, of course)
Posted by moosehead9nc on :
hopefully it will be up there one day
Posted by moosehead9nc on :
there has been a whole lot more buys at 2 then sells today, isnt there a conference call today?
Posted by DC Trade on :
there really are some solid buys coming in at .0002... this just might lift off soon... MMs have lots to sell at .0002, though... will take more volume than we're getting right now...
Posted by dreamer_rick on :
what makes think guys that this one will run soon....it might be only short covering....remeber UNQT ...same thing happened ...and it stayed where it is now...I'm not trying to bash ...I just wanna understand cuz I would to participate if there is something really going on
Posted by DC Trade on :
well, this company claims to have some ridiculous amount of gold at their disposal, and they say they are mining/refining it as well as acquiring other businesses for additional profits...
but you're right to question it, it's a total gamble, it may just be short covering or something nefarious... we'll see...
Posted by MoneyMoneyMoney on :
Where's that interview going to be??
Posted by moosehead9nc on :
messed up the timezone
Posted by moosehead9nc on :
the link to the cc is on page 11
Posted by TroyAnalysis on :
PAIM..Live Chat w/Founder/CEO Tomorrow at 3:00 -3:30 EST.
this is very promising, even the resort where they can cater to shareholders.....good investment! This is a holder for a march 17th run.....get ready
Posted by DC Trade on :
hey, i notice DOMS accumulating at .0001... it seems he's usually a heavy hitter... IMO a good sign...
Posted by TroyAnalysis on :
kool DC
Posted by Ripler on :
quote:Originally posted by zowwie438: Ripler,
I put my order in last night AT .0001 and it didn't get filled until 11AM this morning.
Zow
well at least yours was accepted...mine is still "filled" and i am waiting on the news
Posted by dreamer_rick on :
I got in at 0.0002 lets see what is gonna happen ...
I can't access the chat ...it says error connecting to freejavachat ...any ideas?
Posted by fryyguyy on :
Was able to sell at .0002 today and made 2K. Needed money for GBCS. Take a look. Buyout at 2.50 presently at 1.40. Will get back in PAIM soon.
Posted by zowwie438 on :
Holly cow... This stuff is going to POP SOON!
Vol: 1,087,680,316
Zow
Posted by Ripler on :
ahhhhhhhhhhhhhhhhhhh but my transaction still didnt go through...thats frustrating
Posted by dkinvest on :
The was no shame for PAIM today, IMO.
Posted by Raytrader on :
DID YOU ALL SEE THAT LAST BUY 2500 AT .0002...WOW! LOL
Posted by Raytrader on :
well I too had a sell order today at .0002 but no bite
Posted by bobcat88 on :
Someone wants to keep the chart looking good, two days close *.0002 with very small trades.
Posted by Raytrader on :
I want to play some more with GWGO
Posted by fryyguyy on :
Raytrader,
I had my sell order in for about 2 weeks before I got a bite. I also am playing GWGO. 8-k is suppose to come out tomorrow about divis.
Posted by bobcat88 on :
So was anybody able to get into the live chat? I had the same problem as dreamer_rick
Posted by Ripler on :
quote:Originally posted by fryyguyy: Raytrader,
I had my sell order in for about 2 weeks before I got a bite. I also am playing GWGO. 8-k is suppose to come out tomorrow about divis.
2 weeks??? how many shares?
Posted by zowwie438 on :
All,
I just noticed this one today, HUGE spike this week ADVC.
Zow
Posted by Raytrader on :
yeah what was that spike to .01?
Posted by zowwie438 on :
looks like a 100k buy at .01 who would've done that?
Posted by Raytrader on :
it held too with another buy of 1m at .01
Posted by dkinvest on :
Nobody here cares about ADVC & WTVN.
Posted by Raytrader on :
Im talkin about PAIM
Posted by dkinvest on :
I'm talkin about ADVC & WTVN.
LOL
Posted by pay up on :
[QUOTE]Originally posted by dkinvest: [QB] I'm talkin about ADVC & WTVN.
isn't there a thread on those stocks instead of using the PAIM thread? You're on the wrong highway and lost. We are giving you directions.
Posted by cactus33 on :
Looks like everyone is starting to get a little excited with paim from what Im seeing on other boards and chat.
Looks like the meeting made people feel better about no R split and the 5 bill float.
People are saying its gonna take off like the next GWGO.
I was down on this stock at first, then I said what the heck. Just thinking how much money there is in gold these days, probably gonna be twice the price an ounce in 3 yrs.
Just IMO invest at your own risk.
Posted by DIGDOUGH on :
I'm buckling in with 4 million more shares at .0001 this afternoon. It took about 4 hours to get them.
Posted by Gurgle Smurf on :
someone post a link to the transcript of the chat session regarding PAIM that happened today.
think its a good idea to buy limit at 0.0002??
Posted by jakeo on :
quote:Originally posted by Ripler: think its a good idea to buy limit at 0.0002??
Rip im holding at .0002, but i bought more * .0001 so- ultimately up to you
Posted by cactus33 on :
rip, not sure, this thing could go off tomorrow..
for some reason people are gettin all worked up over this stock.
may want to wait until an hour or two into trading. at that point it could be too late for .0002
mayben not though.
its anyones guess how it will go.
this thing could take off though.
like PCCE did in the last week..
check it..
ALL IMO
Posted by 7 of 9 on :
ill soon have 100B prefered shares guys
im not sure what those are, and im an expert
it will be fun having them in my account, no?
i own 2% of the float, which is kewl
ADVC WTVN
both have already popped. great stock for losers and bag holders.
Posted by 7 of 9 on :
Pearl Asian has set a fire under this stock.
And think, she has sh t loads of gold in asia.
Absolute sh t loads!
Posted by 30CentRunner on :
Times all your shares by 1000. OUCH! What's that? a 102,000,000,000...shares out there? OUCH Uggg
Good luck to you all..
Posted by 30CentRunner on :
Sorry, 102,000,000,000,000.. BIGGER OUCH
Sorry..just don't make sense to me man.
Posted by MoneyMoneyMoney on :
And you really thought that chat was good?
I'm gonna get 20 bill preferred shares X's .00000001. That equals a 200 dollar preferred dividend. And we can't even trade unless I have to call in. What a pain.
I question the authenticity of the conversation with <pearl> and investors. Seemed more ficticious to me.
I think I'm cashing and moving into DDSI and more RSHN.
Posted by DIGDOUGH on :
Pearl, could you use a partner. We can work together on this side by side. All asses and elbows digging for gold.
Posted by 7 of 9 on :
Its this sort of utterly weird stock crap that makes the otc fun. Vegas puts me to sleep.
What the hell is going to happen?
Does anyone remember GRVP? God i made bank on that.
I need to go regerate now. My nannites are screaming!!!!
Posted by 30CentRunner on :
102,000,000,000,000 will never make sense.
RSHN is a better bet....sorry
Posted by cactus33 on :
30 billion shares out there..
volume rate right right... now shouldnt be a problem.
runner, we HEARD you.. go drink ginseng out of the sorriest lookin container out there.
did you buy into RSHN deep? and your pumpin hard
this things already gone up 100 % WTF
Posted by zowwie438 on :
What the hell is this 1,000 share thing?
I have several million shares in this stuff now.... Are they saying they are going to multiple my shares by 1,000 more shares?
That sounds too good to be true. If they do this, can I still sell my original millions of shares at my will... Or are there restrictions?
Zow
Posted by Ripler on :
ok tomorrow i will buy 2 mill shares at 0.0002.. just to have some fun
Posted by pay up on :
If you own PAIM shares I do believe that you already have the split shares. the former shares were under the symbol PRLGF from what I understand.
Posted by Gurgle Smurf on :
quote:Originally posted by 7 of 9: Pearl Asian has set a fire under this stock.
And think, she has sh t loads of gold in asia.
Absolute sh t loads!
Problem is that the gold is still inside the mine. And, the roads to the mine still need to get built. And after the roads to the mine get built, they still need heavy equipment to get perform the mining.
I believe this is a long term hold, regardless of flucuations in stock price or dividends. To me, this is all nice and fun on paper -- and is essentially meaningless until some gold gets out of the ground.
Construction of the road to the mine will not begin until April, if I read that chat session correctly. The mine will not begin producing until the end of 2006. As of right now, PAIM has strong potentiality but weak reality -- as of RIGHT NOW.
All of this feeds into the currently low stock price. As things unfold, the price of the stock should rise.
Would someone please offer an analysis of the chat conversation ?
Posted by heynow on :
Tried buying 10mil X .0001 all day and I didnt! get filled. I made money on this stock about a month back and plan on doing it again. To much interest and good things about this company to keep it at this price for long.
Posted by TroyAnalysis on :
agreed heynow
Posted by unreal33 on :
Just looking over the chart from today, that must be an error right? looks like it hit 1 cent? Why wouldn't they have corrected that?
Posted by ohio_trader on :
todays chart very similar to february 2 of this year...this preceded the jump it did the next 3-7 days ...if this pattern pans out ...should see similar by friday- thursday of next week....after that you're on your own.....
***i sold all but 1 million shares...now in my novelty stock portfolio along with cwfg
imo a long w/ great risk, but potential to make you enough $$$ to retire also
*****do your homework*****
Ohio_ Trader
Posted by adlai on :
LMAO!
Posted by 7 of 9 on :
penny trades
i saw 2 trades go by today one after another
100,000 * 0.0100 1,000,000 * 0.0100
For a moment, i was a millionaire.
Holding 100m
Posted by ohio_trader on :
by the by...i was in both cwfg and paim at .0001
holding 2.5m cwfg(ra,ra), 1 m paim(shiskaba) !!
lol
***every good penny trader oughta keep a novelty portfolio....lol***
**do your homework**
Ohio_Trader
Posted by SuperSniper00 on :
GO PAIM! This should run between now and the xdate which is the 15th. This is a long term hold but you may want to evaluate the upcoming events and decide for yourself if you want to flip it during this upcoming run.
Posted by Skyman on :
The chit chat didn't impress me. The 1000 to 1 preferred shares is just plain weird.
Posted by cactus33 on :
what are the up-coming events sniper?
you mentioned it was a long term hold maybe, could you elaborate?
even with the confusing share structure?
forward Split seemed idiotic to me.. WTF
especially at this point.
I own this thing, so just curious on your input..
thanks..
Posted by Ripler on :
u think its possible to buy just 2 mil shares?
Posted by TroyAnalysis on :
yes Ripler and try at .0001 again imo (GTC patience bro)
k maybe it's like if you have 1 million shares of PAIM, you get 1 billion preferred.. then according to what i have read the ratio will be 1:500 which would give you 2 million shares of common under the new ticker symbol.. so basically for every 1 million shares of PAIM you have, you will end up with 2 million additional shares of common trading under the new ticker symbol of the preferred stock...or some chit like that....
Posted by Gurgle Smurf on :
What would people recommend ?
a.) Holding all shares of PAIM after the dividend date, thus keeping all common shares AND preferred shares. (Strategy: Betting on indefinate future return).
b.) Holding only the preferred shares, and selling some percent of common shares THE DAY AFTER the dividend date ? (You must own the common shares at close on the specific date in order to get the preferred shares.) [Strategy: Getting some money quickly, while looking toward the future].
c.) Hold all of the preferred shares, while selling common shares that would recoup the initial investment value. [Strategy : No losses suffered; only profits can happen at this point.]
Since the vast majority of us got in at .0001, then anything above .0001 is gravy. This is why I'm personally learning toward option C. I suppose I'm asking is this : What would be the most opportune time to sell off PAIM in order to turn a definate profit -- even a break even ?
I'm attempting to be disciplined here by not wanting greed to take control. I want to recoup my initial investment when this stock price rises, but not to the point that I sacrifice huge potential profits.
What do the pros here say about this ?
Posted by SuperSniper00 on :
After reading the chat it appears as if they messed up with initial stock splits. They did a R/S and people got angry because as we all know R/S really f*cks the stock and reduces the market cap. So as a corrective measure they did a 1:1000 F/S. Half the people got their shares split right away and the other half didnt (because their brokrages were slow) so this caused a massive confusion.
The reason they are doing a 1:1000 dividend is for a combination of reasons. It is being considered a treat to the shareholders for the confusion about the split AND most importantly, the more shares out there means Ms. Pearlasia will be almost guarenteed to have control of the company and be the largest single shareholder. Since there are so many preferred shares at par value .000001 she is guarenteed to retain them because nobody is allowed to sell a stock at that price via a new SEC rule that states no securities can be bought or sold below .0001. Because of this she covered her ass in the chat and said they might do a conversion of 2 common shares for every 1000 preferred shares later on in the future and stated that the shares could eventually appreciate over time.
Because of the dividend, lots of people are going to be trying to buy the stock. As we know via law of supply and demand...as the float dries up due to MM accumilation and the demand of shares because of the dividend, we can expect to see PAIM run between .001-.002 between now and the x-date which is the 15th.
I doubt demand will stay after the x date because this is a long term hold. Why is it long term? Because they need to build the roads for the mine, hire workers, purchase equipment, etc which will take 6-9 months and gold wont be processed and sold until late 2006 early 2007. My guess is that the PPS will drop after the xdate and PAIM will have a SLOW steady growth over the next year. But immediately after the xdate i predict a trickle down to about the .0005-.0008 ranges.
Personally if this hits .002 I am selling and will look for a later date to rebuy in, but I could be missing the boat and it could run further. But .002 is a 20 bagger for me. I'm not an expert by any means and you should ALWAYS do you own DD.
If this gold is indeed real. By June of 2007 all of us paim holders will look back and see how underpriced this stock really was and wish we bought more, but it wont matter because we will all be retired. But for all i know its an elaborate scam and ill lose it all lol
Posted by Ripler on :
heheh all sounds exciting... we are playing the devils game and im sure he likes it Posted by TroyAnalysis on :
Very Interesting and even perhaps Very Relative Read...
(PRWEB) March 8, 2006 -- It’s not uncommon to read about small publicly traded companies complaining about the evils of naked short selling and the negative impact that it has on their price of their stock. It is however, quite uncommon for companies to actually take action and do something about it. The difficult, sometimes daunting task of taking on the issue of naked shorting is usually costly and time consuming, taking valuable resources away from the company’s operations. Some of the most prominent anti-naked short selling proponents include Overstock.com (OSTK), Great West Gold (GWGO), Global Links Communications (GLKC), and CMKM Diamonds which has ceased trading since October of 2005.
One of the newest companies to take on naked short selling is Loftwerks Inc (LFWK). While many of the fore-mentioned companies diverted resources towards fighting naked short positions in their companies, Loftwerks has tackled the problem by diverting more money back into the company, and buying back shares. In fact, in recent news releases Loftwerks has announced that insiders of their company hold more shares of their company’s stock, than have actually been issued. CEO Dennis Ammerman stated, "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying; therefore, we created our own definition. We call it 'Short Seller Captured Capital.’” Essentially what this means to Loftwerks shareholders is that insiders own the entire outstanding share count, and then some.
The last time a scenario such as this was revealed, was with Global Links Communications. Robert Simpson, CEO of Global Zann Corp. at one point had in his possession the entire issued and outstanding stock of GLKC, and filed the ownership with the SEC as required. Despite owning all the stock of Global Links, the stock continued to trade millions of shares per day. As investors caught wind, shares of Global Links quickly gained more than 1000% moving from under .01 to over .14 in a matter of weeks.
CMKM Diamonds continues to press on in its fight against naked short selling, now in its 5th month of its historic certificate withdrawal from the DTCC. Since the call to request physical delivery of shares in November, the task force set up to account for the shares has tallied over 400 billion of the 703 billion issued. The latest deadline to show ownership is March 15th, which leaves many investors worried that a naked short position in the company will not be proven. Widespread reports indicate that many shareholders that have requested their certificates are having trouble actually getting them from their brokers. Other shareholders are completely unaware of the certificate pull altogether, since the main method of communication for the process is through message boards and the internet. Undisclosed at this point is the level of ownership of CEO Urban Casavant, and family, as well as the numerous business partners the company was involved with. For more information visit our website at http://www.thestreetwire.com
[20:21] SuperSniper00: [14:53] <pearl> The last symbol we had for the preferred was PAMXF
[20:57] SuperSniper00: [14:53] <pearl> The last symbol we had for the preferred was PAMXF [20:57] MSN: yo [20:57] SuperSniper00: did you read the chat? [20:58] MSN: no where [20:58] SuperSniper00: the chat with pearl asia, did you read it? [20:58] MSN: where? [20:58] SuperSniper00: http://www.investorshub.com/boards/read_msg.asp?message_id=10068178 [20:58] SuperSniper00: it can get confusing but im good at tracking conversations via chat room so i made sense of it [20:59] SuperSniper00: not really anything too new, but you learn a lot about the psychology of pearl and what the company is trying to do [21:02] MSN: <pearl> Who the hell is shorting our company's shares? [21:02] MSN: if this is true, and the shorting began at 100, i will get rich [21:03] MSN: remember how the initial price was 100 [21:03] MSN: pearl claims that there is no dumping, but how can anyone short at 1? [21:03] MSN: ahh, they never will buy back the shares. all a scam [21:04] MSN: [14:55] <pearl> That is what I am hoping [21:04] SuperSniper00: basically they did a 1:5 F/S but the PPS went down a lot and people complained, so to correct this they did a 1:25 R/S but this ****ed it up even more, so then they did the 1:1000 F/S but the people were still idiots and didnt understand it.....so to make up for it they are doing the dividend which really serves an alterior motive [21:04] MSN: So you will end up with 2 common shares for every 1000 shares of preferred. [21:04] MSN: if pearl was doing the shorting, then she would reverse [21:04] MSN: you know, snipe, pearl is a stock scammer [21:05] SuperSniper00: according to pearl she did the dividend to ensure the company stays in her hands and she will always be the largest shareholder [21:05] MSN: <pearl> Why would I want to decrease the market cap, when a reverse would do that [21:05] MSN: only 1% of people on allstocks understand that [21:06] SuperSniper00: yeah i know man i read it all [21:06] SuperSniper00: like i said it gives good imput into what is going on in her head [21:06] MSN: u know, think [21:06] MSN: short dont get the div, they pay it [21:06] MSN: shorts must pay any div [21:06] MSN: god [21:06] MSN: i need to post this on allstocks [21:07] SuperSniper00: [21:07] MSN: explosion coming [21:07] MSN: shorts must get out, otherwise they owe trillions of shares [21:07] SuperSniper00: I'm selling all my RSHN tomorrow and buying another 18m if i can get it at 1 [21:07] MSN: NITE only mm on bid [21:08] MSN: they r huge gamblers [21:08] MSN: kings [21:08] SuperSniper00: yeah i know....MMs are gods and NITE is Zeus [21:09] MSN: NITE will take huge bets [21:09] MSN: few mms will [21:09] SuperSniper00: you gotta play the lotto to win the lotto [21:10] MSN: this is not lotto [21:10] MSN: im going to win [21:10] SuperSniper00: no [21:10] SuperSniper00: WE are going to win [21:11] SuperSniper00: pretty kick ass, eh? [21:12] MSN: :-) [21:12] MSN: i dont belive pearl is a woman or a miner [21:12] MSN: thats why he chats [21:12] SuperSniper00: i do [21:12] SuperSniper00: and i will tell you why [21:12] SuperSniper00: she mentioned the Yamamusta gold [21:13] SuperSniper00: if that is what i think it is....in the philippines there is a rumor widely believed that the japanese left a large treasure of gold in the philippines in WWII [21:13] MSN: pearl is a sec attorney [21:13] MSN: im sure [21:13] SuperSniper00: only a filipino would know about it [21:14] MSN: lotsa caves [21:14] SuperSniper00: well a lot of the rumor is that the reason the US is in the country is because Bush wants to find the gold [21:14] MSN: <pearl> Although I've never personally done it, I have read that shares can trade below .0001 but the amount can only be seen as .00 [21:14] MSN: only a true expert would know that [21:14] SuperSniper00: she wasnt aware of the new SEC rule [21:14] MSN: no way she is a miner [21:15] SuperSniper00: she isn't a miner [21:15] MSN: she is a lawyer and a mm [21:15] MSN: total pro [21:15] MSN: shell get very rich here [21:15] MSN: he [21:15] SuperSniper00: its definately mobbed up ill give you that [21:16] MSN: <pearl> If the SEC prohibits trades below .0001 then that is the only price that the preferred will ever trade at if anyone is willing to pay that price [21:17] MSN: miner? [21:17] SuperSniper00: evidenced by the reference of "vertical integration" which she explained as keeping the business between close family and friends and not letting any outside investors touch it [21:17] SuperSniper00: i dont think she ever claimed to be a miner [21:18] SuperSniper00: i think she used her DoM money to acquire some mom and pop mines and ended up stumbling upon 2.4 million tons of gold [21:18] MSN: no. the drilling was very smart. not random [21:18] MSN: she drilled only 8 holes [21:19] MSN: hit heavy gold in 3 [21:19] MSN: hard to believe!!!! [21:19] SuperSniper00: im not saying the drilling was random, im saying going from DoM and trying to scam to actually finding something legit was pure luck for her [21:20] MSN: look, wash. is the ultimate scam [21:20] SuperSniper00: and i dont care, all i know is whether she is a miner, SEC pro, MM, or just a dumb filipino, this is going to explode in the next 5 trading days [21:21] MSN: the power will come from these shorts who are screwed [21:21] MSN: they assumed the div was a lie [21:21] MSN: now, they owe [21:21] SuperSniper00: doesn';t matter if its shorted or not.....but by god i really hope it was [21:21] MSN: nasdaq computers will force them to pay the div, or be arrested [21:22] SuperSniper00: USXP anyone? [21:22] MSN: YYYYY [21:22] MSN: our usxp [21:22] SuperSniper00: you brought paim to us all [21:22] MSN: we will make f**ing bank [21:22] SuperSniper00: you brought paim to me....i helped bring paim to everyone else [21:23] SuperSniper00: i have like 500 posts and about 400 of them are on the PAIM thread lol [21:23] SuperSniper00: screw your ebay business.....you can retire [21:23] MSN: <traderscorneradmin> Have you ever looked at cyanide and caustic soda leaching? [21:24] MSN: what is that? [21:24] SuperSniper00: miner speak [21:24] SuperSniper00: i am assuming it is how they process the metals [21:24] SuperSniper00: possibly seperating the metals from the other rocks [21:24] MSN: pearl is claiming that she sold no stock [21:25] SuperSniper00: of course, why would she admit it if she did? [21:25] MSN: thell gets most of the gold, then sell the talings to others [21:26] MSN: <pearl> There is loose gold still in the region but not in bars unless you can find one from the Yamanutsa lost gold [21:27] MSN: god [21:27] MSN: im posting this chat [21:29] SuperSniper00: do it [21:29] SuperSniper00: we're in the money, we're in the money [21:29] MSN: the nakeds are doomed [21:30] MSN: we want the div [21:30] MSN: shorts have to buy it or be arrested [21:30] SuperSniper00: these preferred shares are unrestricted and hold full voting rights [21:30] MSN: naked shorting is illegal. they will be exposed [21:30] MSN: wow, unrestricted [21:30] MSN: shorts must buy them all. god [21:31] SuperSniper00: question [21:31] SuperSniper00: if they did a R/S would it save the shorts asses? [21:31] MSN: oh yeah [21:31] SuperSniper00: wow [21:32] SuperSniper00: listen to this [21:32] SuperSniper00: EFGI told the IR guy Rick C that they should do a R/S of the stock [21:32] MSN: efgi is the short [21:32] SuperSniper00: "Would be awesome if there was a short conspiracy, lol. EFGI was the fool who sold all the GVRP back in the day, creating that scandal" [21:33] MSN: efgi was dumping billions of shares [21:33] MSN: they will need their meds [21:34] SuperSniper00: this will explode either way....GWGO has a 12b float i think End of SuperSniper00 buffer: Wed Mar 08 21:34:53 2006
Posted by singledadandhappy on :
Is everyone else confused?
Posted by SuperSniper00 on :
MSN = 7 of 9 SuperSniper00 =Me
This is our convo on msn messenger about the chat transcript Pearl had today at traders nation.
Posted by Ripler on :
very
Posted by singledadandhappy on :
I mean I am confused as to what to do with my 3 mill.
Posted by 7 of 9 on :
PAIM have lots of potentials and big plans in order to benefit all its existing and future shareholders. Plans had been underway which include the thoroughness and completeness of its accounting reports based on high principles according to the USA GAAP Standards.
OPERATIONAL PLAN ** XYZ GOLD PROJECT
The strategy of the company is to first mine and process the ores under lying within the surface zones in the XYZ mineral deposit using the Small Scale Mining Permit for the 20 hectares while pursuing further exploration program of the OVER 1,800 hectares area of the MPSA. This entail rehabilitation of the tunnels for the purpose of determining the extent of mineralization at depth as well as raise confidence level of inferred resource into measured and indicated category. This small project which could likely generate PAIM a net income of $2.5 million before Tax can also be utilized as starter money in the development of the main project. Whilst at the same time, also allows PAIM an ample time to continue with the sourcing of financing for the main project.
**MINING AND CRUSHING**
The known near surface good resource of 327,000 tons which contains 6.34 gpt Au and 37.24 gpt Ag can be mined using a 0.7 m3 excavator and a rock breaker unit. Several vein systems were uncovered during the two exploration activities in December 2004 and April 2005 notably the Gil and Andrew veins that intersect laterally between east to west direction. These vein mineral deposits are noticeable at surface and projects at depth at an angle of 80 degrees and varies in width between 1 to 5 meters. The near surface vein system will be sampled and coordinates recorded. Trenching according to the width of the vein following the lateral direction can be developed. Mined ore will be trammed using a 10 tonne dump truck units to the crushing facility. The material will be crushed down to ½” sizes. Mining or trenching operations will be contracted to a local mining and construction companies. Operations will be 8 to 10 hours daily.
Since potential resource of reasonable grade was uncovered near surface with minor interface of overburden or soil capping, a small scale open pit mining will be introduced, initially over an area of 5 hectares. Operations will be limited within the 20 hectares area of Small-Scale Mining Permit which is located at elevation 150 – 350 meters.
The use of a small backhoe unit and jack hammer powered by air through portable compressor will be applied to excavate and break the large size rocks. Ore sizes will be reduced to 6” size for convenient handling. Broken ore will be extracted manually or using a small excavator and dumped into a hopper bin with control gate. Similarly, a pneumatic jack leg drill unit will be utilized for pit development and grade control.
A portable generator unit will be used to power the compressor as well as the blowers for the tunnel ventilation system and essential lighting requirement for the camp & security perimeter. Ore from the hopper bin will be handled by opening the control gate unto sliding launder to gravitate into an open stockpile area at elevation 150 meters. Whilst, overburden or mine waste will be dumped into a designated stockpile area near the pit.
Incidental ore extracted from the tunnels will be drawn out manually using sacks and delivered to ore stockpile area combined with pit extracted ore. Stockpiling of ore according to grade will be introduced. Mine stockpiled ore will be removed and transferred to dump trucks using a front-end loader and delivered to Plant Processing area 1.0 km away.
**MILLING AND PROCESSING**
Process will adopt the state of the art cyanidation technology employing CIP/CIL (Carbon in Pulp or Carbon in Leach) process or using the Charcoal Coated.. from the coconut husks, that is SAFE for the whole environment and the community. Since Masbate Island is laden with coconut trees, the use of the coconut husks is the other alternative that the XYZ Gold Team of Chemists / Metallurgists and Mining Engineers are looking into.
Ore from the mine will be stockpiled at the plant grade control area using three stockpile approach, Hi-grade, medium grade and low grade.
Blended ore will pass through a primary crusher followed by a secondary crusher to reduce the size from 6” to ¼”.
Crusher finished product will then be ground using Ball Mill to obtain a mesh of grind of 80% passing 200 mesh. Milk of lime will be added into the Ball Mill to attain pulp pH of 10.
Ground product will then discharge into a thickener to remove excess water while maintaining a required leach feed density of 40-45% solids. Clear water overflow from the thickener will be recycled to the Ball Mill and the underflow of 40-45 % solids will be pumped to a series of leach tanks. Solution of cyanide at 10-15 % strength will be introduced together with milk of lime to raise pH level to 11.
Pulp from the leach tanks will transfer into the series of adsorption tanks and activated carbon will be added.
Final tailings from the last adsorption tank will discharge into a cyanide neutralization tank to reduce the cyanide level. This then gravitate into the tailings dam.
Please NOTE THAT AN ALTERNATIVE USE of the ELSA Metals Equipment is the method that the XYZ Gold Team is going to apply to process the ever potential spillage of this perhpas minor contaminated tailing dam..It is the extreme mission of PAIM / PGMC to continue on experimenting, to find the right ways and means to protect the communtiy, the environement and other living things in its blue seas and ocean.
Impounded water in the tailings pond is pumped back to the processing plant for re-use. Loaded carbon from the 1st adsorption tank will be harvested using air lifts and vibrating screen and transferred into an elution column.
Metal values adsorbed in the loaded carbon will be stripped using weak solution of cyanide and caustic soda at elevated temperature. The loaded electrolyte will then pass thru an electro-winning cell and dissolve metal values deposits into the cathode terminal wound with steel wool.
Regular harvest of loaded steel wool will then be accomplished and is then acid digested, dry and weighed. Flux is then added and the total charge material is introduced into a smelting furnace operating a temperature of 1,200 degree C. Melted metal is then poured into moulds producing bullions product ready for shipment.
Masbate XYZ Mine
"Operation Gold Finger: The Baleno Gold Project"
The Masbate mine is an example of the small-scale "Mom & Pop" mines ran by Philippine families throughout the 7,101 islands. The normal operation usually will require the effort of several families, and the process is as follows:
Ore is hand dug from the mine site and brought to the processing area. workers manually break up and crush ore-containing rock in preparation for the wining process. The solutions for the wining process are placed in hand-made barrels and carted to the processing area. These solutions are then hand-mixed for the wining process. (See picture. It depicts a Philippine worker doing manual separation of ore within the cyanide solution utilizing a pan.) Once separated, a manual process segregates the gold from other ores, which is then taken to a refinery as small "beads" for further processing.
This process is specifically geared for the production of gold and other metals that are left in tailings from the operation. It has been identified that over two times the resulting gold production is discarded in silver alone amongst these tailings.
Pearl Asian is developing a facilities plan for the Masbate mine and others like it. Once implemented, the PAMI improvements will increase the monthly gold production from its current 31-40 kilos to over 1,000 kilos. This increase in productivity not only benefits the mine owners, but the local communities as well.
The new operation will require employment of over 10 times the current number of mine workers. Improvements in local infrastructure necessary to accommodate the new operation will all enhance the accessibility of local communities. Increases in job will necessitate additional facilities for provisions and generate new housing.
Posted by 7 of 9 on :
Melted metal is then poured into moulds producing bullions product ready for shipment.
Posted by lostone on :
well, i don't think MM's will likely to lose in any game.. just hoping for the best tho..
Posted by SuperSniper00 on :
Short Sellers are responsible for paying dividends on their shorted shares.
"If and when dividends are paid, the short seller is responsible for paying those dividends to the fictitious person from whom the shares were borrowed. This is a cost of shorting. The short seller has to pay the dividend out of pocket. Of course the person who bought the shares might hold them in a margin account, so the shares might get lent out again, and so forth; but in the end, the last buyer in the chain of borrowing and shorting transactions is the one who will get the dividend from the company Tax-wise, a short seller's expense of paying a dividend to the lender is treated as a misc investment expense subject to the 2% of AGI floor. It does not affect basis (though I believe there is an exception that if a short position is open for 45 days or less, any dividends paid by the short seller are capitalized into basis instead of being treated as an investment expense -- check the latest IRS Pub 550)."
quote:Originally posted by WangChung73: I've got a 100 million shares of this S.O.B. bought at 0.0001
Who thinks this will go back up to 0.01 and either stay there for awhile or above?
And who thinks this will stay near 0.0001 forever?
easy does it Posted by 7 of 9 on :
There is a theory the the billions in volume was not PAIM dumping shares for mining capital. Pearl Asian said this directly. She has not sold any shares in a month.
Why would she sell anything, and miss the divy? She would not.
Theory is, certain mms, esp. EFGI, have been massively shorting PAIM. You might call this a naked short. They would then force a r/s, destroying the mc of PAIM, and then buy back the super cheap shares.
EFGI even asked the PAIM consultant to reverse the shares.
But now, with the 1000:1 or 3:1 divy, however you see it, the shorts are screwed.
The NASDAQ computers will find them and subtract the divy. I dont see how they escape this, unless they are just mobbed up.
Could there be totally rogue mms out there? How does pinkies like rshn operate w/o a xfer agent? Who is watching the watchers?
I keep finding evidence out there or strange things going on with mms. What stops mms from creating fake shares anyway? Thats what naked shorting is: fake shares, dumped on us bagholders.
Posted by BuyTex on :
gvrp
bcit
Posted by Ripler on :
scary talk... i bought 1 million shares paim for fun
Posted by ohio_trader on :
Market makers are to be anonymous......otherwise breeds mass corruption...that is what USXP is going to trial vs. the SEC this spring for exactly- Naked Shorting ( this trial hopefully will help shake the rogue mm's)and make USXP shareholders another small fortune....yes you can no the agent/cy but should not be able to contact direct !!
thats what makes these damn pannies a risk
****i will give you as long lock'7 of 9' posted in new thread CGCP(it will be a big money makerw/ limited risks)!!!
PASIG CITY, Metro Manila, Philippines, Mar 09, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (Pink Sheets: PAIM) Reports: In attempting to determine why certain market makers seemed to have an apparently unlimited supply of shares offered at $.0001, the company's Investor Relations Officer Richard Miller stated the following: "Pearl Asian Mining will not do a reverse split in the foreseeable future. The Company believes that a reverse split would decrease its market capitalization, thus helping market makers that nakedly shorted the stock to more easily buy back shares to the detriment of all current shareholders and the company. "It was discovered that the unsolicited market making activities of its common shares for the past several days of two market makers quoting the stock on an unsolicited basis had mostly held the price of PAIM stock at 0.0001 for those days. "When the dividend distribution occurs on March 31, 2006, market makers that nakedly sold shares short will not be able to deliver the 1000 preferred shares for every common share shorted to the designated shareholders." The Company is encouraged by the recently published rules to take effect before the end of this coming summer that will allow the public to have knowledge of the number of shares sold short in companies traded in all OTC markets per Pink Sheets' release: http://www.pinksheets.com/about/pr_021606.jsp. Forward-Looking Statements Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. SOURCE: Pearl Asian Mining Industries, Inc. Pearl Asian Mining Industries, Inc. Richard C. Miller, 770-336-5824 or 678-570-6538 E-mail: IR*PearlAsianMining.com Fax: 877-317-4430 U www. PearlAsianMining.com or Philippines, +63-2-490-0140 Copyright Business Wire 2006
Posted by mcspeechless1 on :
Kewl Beans!!!!
Posted by deltaray on :
Good news to us and bad to the bashers Posted by TroyAnalysis on :
Free L2s will help make this baby rock!!
Posted by smalltime on :
What will happen now? What will happen to the share price?
Posted by bobcat88 on :
So are all the shorters going to be trying to dump the shares they are holding before the 17'th? I wonder how long they have been doing the shorting, sounded like only the past few days so most of us that bought 2 weeks ago shouldnt have to worry about it. I looked over the past weeks trades and notice that about 60% of the trades were done in blocks of 9 mil shares, I would venture to say that the shorters were the ones doing those deals. There was over 400 9 mil trades for the last week.
Posted by bobcat88 on :
Another thought, the shorters would have the ability to make all there buys at .00005 and it shows up to people like myself as a .0001 trade on scottrade. That would be the reason for a majority of the time last week the bid was .00 and the ask was .0001, the 5th digit doesn't work with most online accounts. They could have flipped all there shares already and are moved on to another stock.
I am encouraged by today's PR though, going after the shorters, that is two companies the last two days that have stood up against it now that they have the backing from the exchange. The other that spoke out about how tired they are of being shorted is LFWK. Take a look at what their stock did yesterday, hopefully PAIM will do the same!
Posted by dkinvest on :
Holy Snit..0003
Posted by megahead34 on :
Nice! All green today.
Posted by smalltime on :
Get on up there!!!!!!!!!!!!!!!
Posted by bobcat88 on :
and I think those were real trades!
Posted by megahead34 on :
oops, back down.
Posted by deltaray on :
nice! It was at 0.0003 for a short time, but it was !
Posted by bobcat88 on :
540mil, holy crap, maybe that was a short washing his hands of all his shares, or maybe Pearl!
Posted by megahead34 on :
Wow, 1 billion in volume already.
Posted by DC Trade on :
nice, my sell at .0002 filled... now free shares all the way to the top!
Posted by tyleemary on :
Just dumped 1 mil shares at .0002
Not anything huge ofcourse.
Posted by dkinvest on :
do you see what I see?
Posted by bobcat88 on :
buys on the bid, YES!
Posted by dkinvest on :
The PAIM train is departing the station ladies & gentlemen.
Posted by DC Trade on :
toot! toot! alllllll aboard!
Posted by SuperSniper00 on :
Yes, it is. Shorting the stock is usually bad. But in this case I hope they shorted outrageous amounts of shares. Why? Because the shorts are now screwed because of the divvy. They are playing beat the clock to buy back all the shares they shorted before the xdate otherwise they have to pay for the dividend.
Regular buyers recieve the divvy. But shorts have to pay because they sold borrowed shares. Factor in this with everyone else who wants to get in to recieve the divvy and demand is outrageous.
PAIM train is rollin' down the tracks.
Posted by fishfarmer on :
Hold on guy, no guts no sausage!!
Posted by megahead34 on :
Why are people selling?!!
Posted by kt325ci on :
The volume on this today is nuts. The market has only been open for an hour and already 1.8 billion traded
Posted by DIGDOUGH on :
The shorters certainly shouldn't have anything to dump.
Posted by megahead34 on :
I know, crazy volume. I see over 3 billion.
Posted by cali99boy on :
how high is this going to get? Posted by kt325ci on :
ask now at .0004! Hopefully the buying pressure continues
Posted by fishfarmer on :
one more MM at .0003, then we rock!!! Posted by dkinvest on :
"how high is this going to get?"
Depends on fat fingers.
Posted by cactus33 on :
ask is up to .0004 now
dang..
cool
Posted by Thomas Mick on :
Its the bid I'm looking at!
Posted by dkinvest on :
Didn't someone say that this wasn't suppose to move until the 13th? Well if it is movin' now, Monday should be amazing.
Posted by kt325ci on :
.0003x.0004 HDSN is the only mm on the bid. He's one of the mm's that I believe doing the major shorting.
Posted by invester on :
SHORT, SHORT, SHORT!!!!!!!!!!!
Posted by DIGDOUGH on :
You would think that those who naked short this would have something better to do, than to try to scramble to stay out of paying a divvy for a stock that they been naked shorting. Seems desperate.
Posted by megahead34 on :
i saw it reach .0004 for a second
Posted by DIGDOUGH on :
You would think that those who naked short this would have something better to do, than to try to scramble to stay out of paying a divvy for a stock that they been naked shorting. Seems desperate.
Posted by lostone on :
OMG, i guess MM's CAN lose.. they're trying to hold this down to recollect.. lol, don't anybody be stupid and sell
Posted by cactus33 on :
eat $#$%$% shorters.....
Posted by megahead34 on :
2 billion!
Posted by daytr8er on :
wwwwwwweeeeeeeeeeeeeeeeeeeeee lol Told you about PCCE at .0003 Told u about PAIM .0001 Now lets enjoy the ride up. : )
Posted by DIGDOUGH on :
If it isn't one thing its another with these short guys. Every time i'm ready to make a buck. Someone should lock them in a room with Frank olson.
Posted by fishfarmer on :
quote:Originally posted by DIGDOUGH: If it isn't one thing its another with these short guys. Every time i'm ready to make a buck. Someone should lock them in a room with Frank olson.
Sell out at .0002 DIG? LMAO
Posted by DIGDOUGH on :
looks like daytraders are dumping for the 100% profit.
quote:Originally posted by daytr8er: wwwwwwweeeeeeeeeeeeeeeeeeeeee lol Told you about PCCE at .0003 Told u about PAIM .0001 Now lets enjoy the ride up. : )
Posted by DIGDOUGH on :
I missed the joke, you can sell out if you want to. LMAO
quote:Originally posted by fishfarmer:
quote:Originally posted by DIGDOUGH: If it isn't one thing its another with these short guys. Every time i'm ready to make a buck. Someone should lock them in a room with Frank olson.
Sell out at .0002 DIG? LMAO
Posted by DIGDOUGH on :
I missed the joke fish, you can sell out if you want to. LMAO
quote:Originally posted by fishfarmer:
quote:Originally posted by DIGDOUGH: If it isn't one thing its another with these short guys. Every time i'm ready to make a buck. Someone should lock them in a room with Frank olson.
Sell out at .0002 DIG? LMAO
Posted by daytr8er on :
are u insane DIG ? lol PAIM all the way baby !!! This stock should go up to .001 in the next trading days with some more volume . : )
Posted by DIGDOUGH on :
Theres only supposed to be 5 bil in the float and about half of it has traded this morning.
Posted by daytr8er on :
Dig ill be selling u my PAIM shares at .001
Posted by DIGDOUGH on :
No, i'm OK. I'll get it together. Hang on a minute.
quote:Originally posted by daytr8er: are u insane DIG ? lol PAIM all the way baby !!! This stock should go up to .001 in the next trading days with some more volume . : )
Posted by JOELGA on :
Over 2 bil PAIMburgers served! lol
Posted by DIGDOUGH on :
Anybody see any resistance at these levels? Posted by megahead34 on :
ok, looks like everyone done selling.
Posted by kt325ci on :
I've had an open buy order for a long time at .0002 but no takers yet. Probably have to bump it up to the ask to get a fill.
Posted by SuperSniper00 on :
quote:Originally posted by dkinvest: Didn't someone say that this wasn't suppose to move until the 13th? Well if it is movin' now, Monday should be amazing.
Yes, I did say that and I'm sticking to it. If you consider this moving you're gonna cream yourself Monday. This will reach between .001-.002
That is 1000-2000% gain if you bought at .0001.
Posted by dkinvest on :
"That is 1000-2000% gain if you bought at .0001."
I guess that would be not too shabby as I did buy a $grand$ worth at .0001.
But the question is: will I be able to sell at that level?
Posted by cottonjim on :
Sniper, what makes you think that PAIM's going to move that much by Monday? Just curious.
Posted by PCola77 on :
I sold half to get my orginal capital back and am riding free shares. I'd imagine there was a LOT of that going on today. Once people are done protecting themselves there may not be many shares out there for sale (Well, relatively speaking, given the 400 bazillion shares outstanding)
Posted by unreal33 on :
quote:Originally posted by cottonjim: Sniper, what makes you think that PAIM's going to move that much by Monday? Just curious.
I second that
Posted by SuperSniper00 on :
Because the shorts are screwed + people want to get the dividend. In early february the stock spiked to .002 at one point. Not to mention a lot of people are giving PAIM some credibility now and believe it is not a scam.
Take a look at USXP, just a shell of a company and people chased it all the way to 4 cents.
I'm in the money...I'm in the money!
Posted by cottonjim on :
All right then, i'll gamble some and try to ride this one for a while.
Posted by bobcat88 on :
Sure has slowed down, did everybody have to go take a shower? or change thier pants?
Posted by SuperSniper00 on :
I would stay in until the xdate for the dividend. In the chat transcript with Pearlasia she said in the future they are considering possibly doing a conversion of the preferred shares. 2 common shares for every 1000 preferred shares. Which is essentially 2:1 split right now.
Say you have 1,000,000 shares, you would have 1,000,000,000 preferred shares. 1,000,000,000 / 1000 = 1,000,000 * 2 = 2,000,000 common shares you would eventually have. If the company is pulling out real gold then 6 months from now the PPS might be something like .003 and you could sell those 2m at that price.
Either way, dumping now is dumb. At least ride free shares until the xdate, which is the 15th.
Posted by SuperSniper00 on :
quote:Originally posted by bobcat88: Sure has slowed down, did everybody have to go take a shower? or change thier pants?
Lunchtime lull. PAIM has slowed to a crawl for the past 2 weeks between 1130 and 1300. Usually picks up big again in the PM.
Rumor on ihub is another PR this afternoon. That will shoot this to .0004.
Posted by Squire38 on :
Pearl Asian Mining Industries Announces NASDAQ Set X-Dividend Date Mar 9, 2006 12:29:00 PM Copyright Business Wire 2006 PASIG CITY, Metro Manila, Philippines--(BUSINESS WIRE)--March 9, 2006--
Pearl Asian Mining Industries, Inc. (Pink Sheets:PAIM) Reports:
The company announced today that NASDAQ has set the X-Dividend Date as March 15, 2006. The dividend of 1,000 preferred shares for every 1 common share held of record on March 17, 2006, is to be paid on March 31, 2006.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Pearl Asian Mining Industries, Inc.
---------------------------------------------- Pearl Asian Mining Industries Inc. Richard C. Miller 770-336-5824 or 678-570-6538 Fax: 877-317-4430 IR*PearlAsianMining.com www.PearlAsianMining.com or Philippines: +63-2-490-0140
Posted by daytr8er on :
SS i think MMs trying to get cheap shares here. People should be loading not selling for next weeks run. PAIM .0002X.0003
Posted by fishfarmer on :
My scottrade T&S isn't working for paim is anyone else having this problem.
Posted by KublaKhan on :
fishfarmer:
Same thing here
Posted by SuperSniper00 on :
Well it looks like the rumor was true, there is the PR lol
I agree DAY, MMs who shorted are covering their positions and other MMs are trying to buy low.
Trust the MMs ability to pump. First volume, then price.
My original prediction 3 weeks ago was week of the 13th that why buying at .0001 was imperative. I like to buy before the run not after it.
Posted by cactus33 on :
I am selling all my other positions. Will put all money into PAIM PAIM PAIM PAIM . PAIM is going to have a big run.
Posted by dkinvest on :
Jelly,
Good luck to you.
Posted by dkinvest on :
So is anyone keeping their position past the 15th to get the preferred shares? I am confused, as there are multiple opinions. What would be the best thing to do?
Posted by daytr8er on :
do u guys know if the allstocks chat is working ? i have not been able to log in the past days.
Posted by bobcat88 on :
Fish, mine is woking now
Posted by JOELGA on :
Volume on Scottrade changed to 10 mil?
Posted by jellybean on :
dkinvest---I am holding all my shares past the 15th. Just pick up another 50 million today.
Posted by bobcat88 on :
Volume isnt showing corectly though, shows only 32mil
Posted by texrecruiter on :
Mine says 31 million on Scottrade.
Posted by dkinvest on :
Are the preferred shares gonna be worth anything? How can you trade them?
Posted by Silence on :
Etrade shows 2.5b
Posted by bobcat88 on :
I would venture to say they will have a new symbol and a 1 year restriction, just my guess though.
Posted by Thomas Mick on :
That's my question dkinvest, how is anyone possibly going to be able to benefit from this deal?
Posted by texrecruiter on :
Pearl said yesterday that the preferred shares would be worth .000001
Posted by dkinvest on :
A new symbol only for the preferred shares?
Posted by Raytrader on :
a-trade....still at 2.5 b
Posted by texrecruiter on :
Yes they will be traded under new symbol.
Posted by fishfarmer on :
quote:Originally posted by bobcat88: Fish, mine is woking now
Me thanks
Posted by Thomas Mick on :
Whoopiii! Not a very attractive deal to me... What is the upside, other than PAIM making money?
Posted by dkinvest on :
OTCBB.COM doesn't show PAIM as a volume leader.
Why is that?
Posted by MoneyMoneyMoney on :
No pearl said the par value was .00000001. 7 zero's and a 1.
Thats crap. I'm still working my way out but I'm getting there. 3 mill more to sell.
Gl all
Posted by jellybean on :
Anybody want to take a trip to the philippines. I will go on April 1st with my preferred stock. Lets see this gold mine and meet Pearl. Holding 100 million common.
Posted by dkinvest on :
Ya, maybe we can meet Patrick, Squidward, Mr. Crabs, Plankton, and Spongebob too.
Posted by texrecruiter on :
7 zeroes, five zeroes, it's all worthless at the beginning. Posted by MoneyMoneyMoney on :
nice job jellybean. So your gonna get 1000 dollars worth of free preferred shares.
I'm just curious what do you guys see in this stock?
Thanks...
[ March 09, 2006, 13:48: Message edited by: MoneyMoneyMoney ]
Posted by texrecruiter on :
Money, do you own PAIM?
Posted by MoneyMoneyMoney on :
How about, go back and read my posts and you'll know.
And your right. with 5 zeros I'd have gotten 20 thousand and with 7 zeros only 200. So yup I guess those zeros don't matter.
Posted by texrecruiter on :
Money, don't be a putz.
Posted by daytr8er on :
moneymoneymoney are you one them Naked Shorts?
Posted by Graham Charitable Trust on :
whoa, i leave for lunch and come back to see 60mil in volume?! i thought we were at 2bil earlier
Posted by MoneyMoneyMoney on :
Ok, texrecruiter, what do you see in the future of PAIM and its preferred shares? Can you trade them? I bet you'll say yes. lol.
How many shares do you have? I had 20 million. Putz.
Posted by dkinvest on :
"whoa, i leave for lunch and come back to see 60mil in volume?! i thought we were at 2bil earlier"
The morning shares traded were preferred shares, at lunchtime they were converted to common shares, and then at the end of the day they will be converted to BS shares.
Posted by Graham Charitable Trust on :
DAMN, I thought the preferred was under another symbol? anyway, not like i have much money in this, ill let it ride
Posted by jellybean on :
Go to bb.com. Volume at 2.57billion. I am excited lots of gold to be mined. Got my plane reservation for April 1st to the philippines. I want to see this gold.
Posted by dkinvest on :
"April 1st"
How appropriate, "April Fool's Day".
Posted by Graham Charitable Trust on :
is this a trend, we seem to be moving up every day this week here, maybe tomorrow we finish at .0004+?
Posted by kittykash on :
ok, dk, now that was funny!!!
Posted by zowwie438 on :
All,
What was the spike to .01 yesterday? I have seen it on several charts.
Did someone make a frekn typo or what?
Somebody shed some light on this.
Zow
Posted by kittykash on :
this I mean
The morning shares traded were preferred shares, at lunchtime they were converted to common shares, and then at the end of the day they will be converted to BS shares. [/QB][/QUOTE]
Posted by fishfarmer on :
Gonna start seeing some bashers that got out and want to get back in. Posted by jellybean on :
We will go much higher tomorrow. And lots higher next week. Buy your shares today. Its going to pop and all that gold will flow out of a Philippines Rainbow. Just picked up another 20 million. 120 million long.
Posted by daytr8er on :
Looks like it Graham. People want to get in to qualify for the shares on March 15. PAIM should be moving at least .0001 per day now.
Posted by kt325ci on :
weird...nearly 165 million shares just went through at the ask in the last 5 minutes
Posted by TroyAnalysis on :
Gonna start seeing some bashers that got out and want to get back in.
agreed fishfarmer too funny Posted by SuperSniper00 on :
Preferred shares will have new ticker and CUSIP. They are UNRESTRICTED and will hold FULL voting privledges.
Par value is .00000001. Catch 22. New SEC rules states no security may be bought or sold for less than .0001.
Pearl said in the future the company may offer 2 common shares for every 1000 preferred shares. That would mean if you have 1 share common now, you would then have 3 shares common PAIM stock.
considering that wouldn't prolly happen for another 6 months, the PPS then could be anything, and even at .0001 you would be able to make nice bank. the preferred shares could also appreciate and be worth something as well.
Posted by Graham Charitable Trust on :
quote:Originally posted by zowwie438: All,
What was the spike to .01 yesterday? I have seen it on several charts.
Did someone make a frekn typo or what?
Somebody shed some light on this.
Zow
That happened twice I heard, I have no idea what it was. But i saw a 4900% increase and almost jumped like jordan in Game 7
Posted by dkinvest on :
"People want to get in to qualify for the shares on March 15"
Ya, I am gonna have to rent a freakin' storage unit to store them all in.
10,000,000 x 1,000 = 10,000,000,000
10 billion shares x .00000001 = $1,000, that is ludricrous.
Why don't they just do a 2 for 1 split?
Posted by MoneyMoneyMoney on :
No one has answered my question yet. What good will the preferred shares do when you can't trade them? Why do people want to qualify for the worthless shares?
Posted by llpupsll on :
SHUT UP AND BUY BUY BUY!! LOLOLOL
Posted by SuperSniper00 on :
because a split dilutes the stock ever further and reduces MC
Posted by positivearn on :
LOLOLOLOL!!!!
Posted by llpupsll on :
WEEEEEEEEEEEEEEEEEEEE
Posted by jellybean on :
They will pay dividends with GOLD and lots of it. Also Pearl said that there might be a split into common stock. Money do you own any PAIM? !150 million long. Getting my suitcase pack to the Philippines.
Posted by zowwie438 on :
DKInvest,
I didn't know anyone still used the word "ludricrous" except for Tyson. :-) LOL
GO PAIM... Make us some dough!
Zow
Posted by fishfarmer on :
L2 looking good.
Posted by texrecruiter on :
quote:Originally posted by MoneyMoneyMoney: Ok, texrecruiter, what do you see in the future of PAIM and its preferred shares? Can you trade them? I bet you'll say yes. lol.
How many shares do you have? I had 20 million. Putz.
Your too easy to get riled up Money. Of course I own shares. How Much? Not gonna say. But I will tell you that there is money to be made in this company. Even with the preferred shares. The company could (per Pearl)eventually do a 2/1 convert with the preferred shares. This is where you would make your money on the preferred.
Posted by texrecruiter on :
quote:Originally posted by MoneyMoneyMoney: Ok, texrecruiter, what do you see in the future of PAIM and its preferred shares? Can you trade them? I bet you'll say yes. lol.
How many shares do you have? I had 20 million. Putz.
Your too easy to get riled up Money. Of course I own shares. How Much? Not gonna say. But I will tell you that there is money to be made in this company. Even with the preferred shares. The company could (per Pearl)eventually do a 2/1 convert with the preferred shares. This is where you would make your money on the preferred.
Posted by dkinvest on :
"They will pay dividends with GOLD and lots of it."
So will we be getting gold bars, coins, or teeth?
Posted by zowwie438 on :
Come on guys and gals... I have a another buy order in at .0001... Somebody out there wants to sell... Don't you. :-)
Zow
Posted by jellybean on :
GOLD BARS. You can deposit them in Fort Knox. I am excited about all this gold. Gold is good for conductors for the space shuttles. NASA will want some gold to take to Pluto.
Posted by TroyAnalysis on :
just me or are there more mm's coming in on this everyday!
Posted by kt325ci on :
I had placed a buy order for a 7.7mil * .0002 at 11:00 and just noticed it got filled at 12:48 while I was away for lunch. cool.
Posted by dkinvest on :
"GOLD BARS. You can deposit them in Fort Knox. I am excited about all this gold. Gold is good for conductors for the space shuttles. NASA will want some gold to take to Pluto."
Don't forget, they also use gold for pavement up in Heaven.
Posted by timstl on :
quote:Originally posted by kt325ci: I had placed a buy order for a 7.7mil * .0002 at 11:00 and just noticed it got filled at 12:48 while I was away for lunch. cool.
yah every time i see it dip to 0002 i wish i had more funds available.
Posted by jellybean on :
timstl---Keep buying at these low levels. I got 50million at .0001 and 100million at .0002. Paim will have a good run very soon. Lots of gold to be mined. I am on my way to the phillippines to pick up my gold nuggets and give Pearl a hug and stay in there resort hotel.
Posted by jermarksey on :
just wondering with this split and them going to nasdaq how does this work i knew to this
Posted by dkinvest on :
"just wondering with this split and them going to nasdaq how does this work i knew to this"
Whatchya talkin' about?
Posted by llpupsll on :
MARKET MAKERS GONNA HAVE TO COVER THE MASSIVE NAKED SHORT BEFORE THE DIVY! PREPARE FOR MASSIVE GAINS, JMO
Posted by jermarksey on :
PASIG CITY, Metro Manila, Philippines, Mar 09, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (Pink Sheets:PAIM) Reports:
The company announced today that NASDAQ has set the X-Dividend Date as March 15, 2006. The dividend of 1,000 preferred shares for every 1 common share held of record on March 17, 2006, is to be paid on March 31, 2006.
what does this mean whats a preferred share and a common stock "im new to this"
Posted by logical buyer on :
If everyone would quit selling at .0002/.0003 we may get a short run.
Posted by llpupsll on :
PREFERRED SHARES GETS PRIORITY OVER COMMON STOCK. FOR EVERY 1 SHARE YOU OWN BEFORE THE 15TH, YOU GET 1000 PREFERRED SHARES(THAT WILL TRADE UNDER A DIFFERENT SYMBOL). SO IF YOU CAN JUST SELL AT .0001, THATS A 1000% GAIN.
Posted by SuperSniper00 on :
Nobody is going to buy them at .0001. At least not right away.
Posted by jermarksey on :
so i hold onto what i have. do i get a new symbol also. thank you for the info.just trying to make a buck
Posted by llpupsll on :
BASED ON THE PR'S IT GIVES PAIM AN INSTANT VALUE OF .001 BWTFDIK, IM JUST A CLUELESS PUP. GOOD LUCK
Posted by Ripler on :
ok just to get some clearity!!
I have 1 million common shares i just bought correct? and in the end i Could potentially have 3? this is what i am getting out of this talk.
In yuor estimation...will it still me easy to sell later on?
and i am new soo...what is the main difference between a preferred and common share?
Posted by Raytrader on :
Ripler.....
just hold until the 15th it will be vary clear then ....its too hard to explain...but I assure you...."its NOT a bad thing"
Posted by llpupsll on :
and logical buyer is right........if everyone would just hold on....the mm's would be forced to spike the bid
Posted by Raytrader on :
PAIM has enough revenue now to "break ground" in their mining ventures...they are now going to try to get all the shares back that they can with spending the least amount of $$ possible
Posted by dkinvest on :
Is this a dividend or a future "stock spin-off"?
Posted by Raytrader on :
someone must not have liked what I had to say........my rating went from 5 to 4... Posted by WangChung73 on :
So if I currently own 100 million shares of PAIM right now, how many of the "preffered" shares will I receive? And why would most say it would be hard to sell?
Posted by Raytrader on :
now I will go home and kick my dog...lol
Posted by WangChung73 on :
So if I currently own 100 million shares of PAIM right now, how many of the "preffered" shares will I receive? And why would most say it would be hard to sell?
Posted by Raytrader on :
selling a billion of anything aint easy
Posted by pay up on :
If we have PAIM don't we already have the split shares? This is a forward split. This is how it was worded. So someone please explain. After all it says the old share were traded under a different symbol.
Anyone that bought or sold shares under the symbol PAIM has bought or sold forward split shares. It has come to the Company's attention that some brokerage firms sold and are continuing to sell the forward split common shares, but others have failed to credit PAIM shares to their clients accounts. The Company has no control over the speed at which the brokerage firms replace 1000 PAIM shares for the 1 share of PRLGF previously owned; as well as there was confusion, that the Company has become aware of due to the NASDAQ releasing the new forward split symbol on January 26, 2006, before the payment date set by the Company of February 14, 2006.
Posted by BigRob on :
Ok now I'm thouroughly confused! I only have 1 million shares, what does that mean on the 15th of march, do I lose my shares of PAIM and gain new shares under the new symbol if so what's that worth to me if no one buys them.
Posted by bobcat88 on :
You have 1 million shares of PAIM today, on the 17 th they will issue you 1 billion share of ABCD valued at .0000001.
On the 13'th you will be holding 1 mil of Paim and the 1 bil of ABCD, at a later date they will buy back or r/s the ABCD shares at 1 for 3 you will now be holding 333 mil shares of ABCD valued at .0001 (they way I see it anyway).
Posted by MoneyMoneyMoney on :
lol. nice question BigRob.
You will have 1mill common share of PAIM You will also have 1 bill preferred share of PAMX1 or whatever it is.
Your preferred will be untradable but you may continue to trade your common PAIM shares.
The preferred is .00000001 <-- 7 0's and a 1.
Posted by dkinvest on :
This reminds me of Abbot & Castello, "Who's on First"
LMAO
Posted by Raytrader on :
bobcat is right
Posted by timstl on :
is there a minimum number of shares you must own to qualify for this?
Posted by dkinvest on :
"is there a minimum number of shares you must own to qualify for this?"
Ya, 1
Posted by MoneyMoneyMoney on :
no, just have to be before the x date set by Nas.
Posted by bobcat88 on :
Yes, you must own at least 1 share of PAIM, then you will get 1000 share of the new stock ABCD
Posted by singledadandhappy on :
I own 3 mill I am still confused can anyone tell me if it would be worth holding on to them? Thanks for all replies
Posted by bobcat88 on :
from the way this has been going there are a bunch of people out there trying to get info on ABCD!
Posted by pay up on :
If you have PAIM shares you already have forward split shares. The 1000 for one was under the old symbol of PRLGF. 1 share of PRLGF became 1000 PAIM.
Posted by timstl on :
ha. thanks for the responses. i was curious if you needed to own 1mil or not.
this makes sense now.
Posted by bobcat88 on :
singledad, no, sell them to me at .0002 and I'll take care of them!
Posted by MoneyMoneyMoney on :
That doesn't say much bobcat. It is still a rule that you can't trade below .0001. <-- 3 0's and a 1.
Posted by dkinvest on :
"If you have PAIM shares you already have forward split shares. The 1000 for one was under the old symbol of PRLGF. 1 share of PRLGF became 1000 PAIM"
So only the shareholders of PRLGF will get this dividend on the 15th?
Posted by DIGDOUGH on :
Thats right
quote:Originally posted by dkinvest: This reminds me of Abbot & Castello, "Who's on First"
Correct they will most likely be worthless, it is just a loophole PAIM is using to get the shorts to stop playing this. But they will most likely do a buyback and elimiate ABCD.
Posted by Raytrader on :
I just bought 30m at .0001
Posted by Raytrader on :
just kidding
Posted by cottonjim on :
I'm so frickin' confused. I had to read back 4 pages to try to get caught up and it did no good. As far as I can tell I'm going to own 1mil. shares of the stock that I currently own, which I wont be able to trade. On top of that I will own 3 bazillion shares of a stock that's fairly worthless. I don't see when the good thing starts happening.
Posted by bobcat88 on :
quote:Originally posted by Raytrader: now I will go home and kick my dog...lol
Can I come over and kick your dog also.
Posted by cottonjim on :
So what I bought today does me no good for the 15th deal?
Posted by Raytrader on :
sure!
Posted by bobcat88 on :
If you own PAIM share on the 15'th you will get the free shares.
Posted by dkinvest on :
Drink a bottle of Jack, and maybe you'll figure all this chit out. Until then, enjoy the ride up.
Posted by cottonjim on :
but will they be worth anything?
Posted by DIGDOUGH on :
Press Release Source: Pearl Asian Mining Industries Inc.
Pearl Asian Mining Industries, Inc. Announced Today That for Every Common Share of Pearl Asian Owned by Its Shareholders on the Record Date of March 17, 2006, One Thousand (1,000) Preferred Shares Will Be Paid on March 31, 2006 Monday February 13, 4:00 am ET
PASIG CITY, METRO MANILA, Philippines--(BUSINESS WIRE)--Feb. 13, 2006--Pearl Asian Mining Industries, Inc. (OTC:PAIM - News), commonly known as "PEARL ASIAN" announced today that for every Common Share owned by its Shareholders on the Record Date of March 17, 2006, One Thousand (1,000) Preferred Shares of Pearl Asian Mining Industries, Inc., will be paid on March 31, 2006. ADVERTISEMENT
Anyone that bought or sold shares under the symbol PAIM has bought or sold forward split shares. It has come to the Company's attention that some brokerage firms sold and are continuing to sell the forward split common shares, but others have failed to credit PAIM shares to their clients accounts. The Company has no control over the speed at which the brokerage firms replace 1000 PAIM shares for the 1 share of PRLGF previously owned; as well as there was confusion, that the Company has become aware of due to the NASDAQ releasing the new forward split symbol on January 26, 2006, before the payment date set by the Company of February 14, 2006.
The Company cannot do another Forward Split on February 14, 2006 as NASDAQ had made this already effective on January 26, 2006. As a result, the Company called for a Special Board of the Directors Meeting held on Feb. 11, 2006 which unanimously passed a resolution authorizing a 1,000 preferred shares for 1 common share dividend.
The PRLGF Common Shares are still convertible to PAIM Common Shares 1=1000 upon surrender to the Company's transfer agent, American Heritage Stock Transfer, in Markham, Ontario, Canada. If you own your shares through a securities firm, there should be no action necessary on your part, as this is processed between the DTC, your brokerage firm's clearing house, and the transfer agent.
Forward-Looking Statements:
This news release may contain forward-looking statements concerning the Company's business and future prospects and other similar statements that do not concern matters of historical fact. This Forward-Looking Statement is based on the Company's current expectations. There are numerous factors that could cause results to differ and the Company's current expectations are subject to all of the uncertainties and risks customarily associated with developing business ventures. The Company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements contained in this release. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information.
Posted by mcspeechless1 on :
So this 1000 for 1 fwd split is for folks who were sole shares under the old (plrgf)ticker when they should have been sold shares under the new ticker(paim)by their brokerage houses. So now the Brolerages houses have to replace the old shares with 1000 for 1 of the new shares?
Posted by dkinvest on :
"but will they be worth anything?"
ya, a whopping .00000001 each.
Posted by bobcat88 on :
Your PAIM will be worth whatever it happens to be trading at. and the new shares will be worth basically nothingtill a later date.
Posted by singledadandhappy on :
ok thanks
Posted by MoneyMoneyMoney on :
sure, your 1bill preferred X .00000001 = $10 bucks
Cotton - your 1 mill "PAIM" you will still be able to trade at value now (hopefully). Your 1 bill "PAMX" shares will be tradable when they reach .0001. But at the time of issuance it is worth10 bucks.
Gl
Posted by timstl on :
quote:Originally posted by cottonjim: but will they be worth anything?
your PAIM shares will not be untradable as I think you were asking earlier. only the new free shares will be because they will be valued under .0001.
lots of people confused about this, and i am no expert myself. the way i understand it is simple:
- you still own your paim shares. nothing changes with paim. - you get free shares (different symbol) that may or may not be worth jack some day.
it's true they are worthless to start, but so what? they are free.
if this is somehow incorrect someone with more experience please correct me.
Posted by dkinvest on :
Pearl Asian Mining Industries, Inc. Announced Today That for Every Common Share of Pearl Asian Owned by Its Shareholders on the Record Date of March 17, 2006
I thought the date was March 15?
Posted by cottonjim on :
but will they be worth anything?"
ya, a whopping .00000001 each.
It's a start I suppose. It's a good thing that I can go home at the end of the day and find comfort in a bottle.
Posted by BigRob on :
a billion shares of CHIT = CHIT!
Posted by dkinvest on :
"a billion shares of CHIT = CHIT!"
ya, but some believe this fertilizer is going to transform into gold.
LOL
Posted by cottonjim on :
Dinosaur sh*t brings a pretty penny in museums, we just have to let these free stocks sit on the ground long enough and they will become valuable. Did that about sum it up?
Posted by George on :
The new shares will be on the gray market and worthless. It is a paperwork shuffle. They will not have a B/A so most brokers will not touch them. It is the same thing that MLON did when they spun off to PYCT they gave out XMET shares..These divys really mean nothing. The XMET PPS goes up and down because I think confused people are buy or selling them on the gray thinking it is PYCT.
Posted by bobcat88 on :
Today the Consultant's reading from the Book of Corporate Life, Chapter
1, verses 1-15:
01. In the beginning there was the Plan.
02. And then came the Assumptions.
03. The Assumptions were without form.
04. The Plan was without Substance.
05. And darkness came upon the face of the Workers.
06. And the Workers spoke among themselves saying, "It is a crock of chit and it stinks."
07. And the Workers went unto their Supervisors and said, "It is a crock of dung and we cannot live with the smell."
08. And the Supervisors went unto their Managers saying, "It is a container of organic waste, and it is very strong, such that none may abide by it."
09. And the Managers went unto their Directors, saying, "It is a vessel of fertilizer, and none may abide its strength."
10. And the Directors spoke among themselves, saying to one another, "It contains that which aids plant growth, and it is very strong."
11. And the directors went to the Vice Presidents, saying unto them, "It promotes growth, and it is very powerful."
12. And the Vice Presidents went to the President, saying unto him, "It has very powerful effects."
13. And the President looked upon the Plan, and saw that it was good.
14. And the Plan became Policy.
15. And that's how chit happens.
Posted by MoneyMoneyMoney on :
Didn't someone find out that these companies with PAIM are all old scammers? I can't remember and don't feel like going back and reading about it. Thanks
Posted by dkinvest on :
So these preferred CHIT shares will somehow have to majically appreciate 1,000,000% in order to trade them?
Posted by George on :
there is words out, and denied by Pearl, that they are the same group involved with the old MLON and others. Scams are scams and money can be made...just got to work the plan and keep to the plan...
Posted by George on :
Here is the PR where they say they are not involved with MLON they are just shareholders:
Pearl Asian Mining Industries, Inc. Offers Clarification to Previous Transaction Tuesday February 21, 9:00 am ET
MANILA, PASIG CITY, PHILIPPINES--(MARKET WIRE)--Feb 21, 2006 -- Pearl Asian Mining Industries, Inc. (Other OTC:PAIM.PK - News), clarifies that in December of 2004, it sold its 40% interest in Western Pacific Minerals, Ltd. that owned the 49 Silver Mining Claims located in the Slocan Area of British Columbia, Canada to Paychest, Inc. (formerly Mellon Research) in return Pearl Asian received 500,000,000 common shares of Paychest, Inc.
Pearl Asian Mining did not issue any shares of Pearl Asian Mining Industries, Inc. to Paychest as a part of that exchange.
Pearl Asian wishes to end rumors that Paychest is a major shareholder in Pearl Asian Mining.
Other than being a minority shareholder in Paychest, Pearl Asian is not connected to Paychest. Nor has Paychest (or Mellon) ever owned or had any control of Pearl Asian; nor has there ever been any officers, directors or management of Pearl Asian in common with Paychest or Mellon.
Posted by MoneyMoneyMoney on :
Thanks George. You are definitely right, if WTVN can do it then anything can but I say be careful and always take your capital plus a little profit before its too late.
Posted by bobcat88 on :
tthey will ONLY have to go up 100,000%
Posted by George on :
MLON has a long history but the crook CEO has been replaced and it is a new company now. spun off as PYCT. MLON history had lots of bad smells to it with the old CEO...
Posted by DIGDOUGH on :
Hey I like big turd nuggets especially when it trades at 600 bucks an ounce.
Posted by DIGDOUGH on :
If they split the divvy shares down the road, it won't give much credence to the idea that it has to go up 5 to six figures in value. Whats the beef anyway? you're not paying for the divvy, it's being handed to us. PAIM is enough by itself, if and when they get the gold moving in the numbers that have been stated, thats huge in it's own right. Right now thats how I feel about it and I don't care what anybody else says.
Posted by DIGDOUGH on :
My idea about the divvy is that its being done to thwart naked shorting that is happening. JMO.
Posted by MoneyMoneyMoney on :
So.......
Gl with your preferred shares.
Posted by Raytrader on :
Im sure they wil r/s it
Posted by MoneyMoneyMoney on :
Your assurance. lol. And I'm sure RSHN will hit a dollar. Just a matter of "time" right.
Posted by Raytrader on :
well Im certainly not gonna tell them no...I dont want a few billion worthles shares for free.....lol
Posted by TroyAnalysis on :
chart update.. Posted by jellybean on :
Don't worry about the price of the preferred shares or the conversion math to common stock. Just buy this week and get on the PAIM train. The train is going to be full of gold nuggets with Pearl as conductor. I will be buying 50 million Friday which will give me 200million.
Posted by BigRob on :
So here's how I figure it... After the dividend of 1000 shares per 1 and the reverse split (maybe) I'll have 400m shares and I sell at .01 I will make $4 million.
Sound Reasonable?
Posted by suddenstranger on :
just saw this!!
7 of 9 Member
posted March 08, 2006 23:36 -------------------------------------------------------------------------------- Pearl Asian chat is here. S(he) is an expert in all things SEC and also mining technology. So rare.
[20:21] SuperSniper00: [14:53] <pearl> The last symbol we had for the preferred was PAMXF
[20:57] SuperSniper00: [14:53] <pearl> The last symbol we had for the preferred was PAMXF [20:57] MSN: yo [20:57] SuperSniper00: did you read the chat? [20:58] MSN: no where [20:58] SuperSniper00: the chat with pearl asia, did you read it? [20:58] MSN: where? [20:58] SuperSniper00: http://www.investorshub.com/boards/read_msg.asp?message_id=10068178 [20:58] SuperSniper00: it can get confusing but im good at tracking conversations via chat room so i made sense of it [20:59] SuperSniper00: not really anything too new, but you learn a lot about the psychology of pearl and what the company is trying to do [21:02] MSN: <pearl> Who the hell is shorting our company's shares? [21:02] MSN: if this is true, and the shorting began at 100, i will get rich [21:03] MSN: remember how the initial price was 100 [21:03] MSN: pearl claims that there is no dumping, but how can anyone short at 1? [21:03] MSN: ahh, they never will buy back the shares. all a scam [21:04] MSN: [14:55] <pearl> That is what I am hoping [21:04] SuperSniper00: basically they did a 1:5 F/S but the PPS went down a lot and people complained, so to correct this they did a 1:25 R/S but this ****ed it up even more, so then they did the 1:1000 F/S but the people were still idiots and didnt understand it.....so to make up for it they are doing the dividend which really serves an alterior motive [21:04] MSN: So you will end up with 2 common shares for every 1000 shares of preferred. [21:04] MSN: if pearl was doing the shorting, then she would reverse [21:04] MSN: you know, snipe, pearl is a stock scammer [21:05] SuperSniper00: according to pearl she did the dividend to ensure the company stays in her hands and she will always be the largest shareholder [21:05] MSN: <pearl> Why would I want to decrease the market cap, when a reverse would do that [21:05] MSN: only 1% of people on allstocks understand that [21:06] SuperSniper00: yeah i know man i read it all [21:06] SuperSniper00: like i said it gives good imput into what is going on in her head [21:06] MSN: u know, think [21:06] MSN: short dont get the div, they pay it [21:06] MSN: shorts must pay any div [21:06] MSN: god [21:06] MSN: i need to post this on allstocks [21:07] SuperSniper00: [21:07] MSN: explosion coming [21:07] MSN: shorts must get out, otherwise they owe trillions of shares [21:07] SuperSniper00: I'm selling all my RSHN tomorrow and buying another 18m if i can get it at 1 [21:07] MSN: NITE only mm on bid [21:08] MSN: they r huge gamblers [21:08] MSN: kings [21:08] SuperSniper00: yeah i know....MMs are gods and NITE is Zeus [21:09] MSN: NITE will take huge bets [21:09] MSN: few mms will [21:09] SuperSniper00: you gotta play the lotto to win the lotto [21:10] MSN: this is not lotto [21:10] MSN: im going to win [21:10] SuperSniper00: no [21:10] SuperSniper00: WE are going to win [21:11] SuperSniper00: pretty kick ass, eh? [21:12] MSN: :-) [21:12] MSN: i dont belive pearl is a woman or a miner [21:12] MSN: thats why he chats [21:12] SuperSniper00: i do [21:12] SuperSniper00: and i will tell you why [21:12] SuperSniper00: she mentioned the Yamamusta gold [21:13] SuperSniper00: if that is what i think it is....in the philippines there is a rumor widely believed that the japanese left a large treasure of gold in the philippines in WWII [21:13] MSN: pearl is a sec attorney [21:13] MSN: im sure [21:13] SuperSniper00: only a filipino would know about it [21:14] MSN: lotsa caves [21:14] SuperSniper00: well a lot of the rumor is that the reason the US is in the country is because Bush wants to find the gold [21:14] MSN: <pearl> Although I've never personally done it, I have read that shares can trade below .0001 but the amount can only be seen as .00 [21:14] MSN: only a true expert would know that [21:14] SuperSniper00: she wasnt aware of the new SEC rule [21:14] MSN: no way she is a miner [21:15] SuperSniper00: she isn't a miner [21:15] MSN: she is a lawyer and a mm [21:15] MSN: total pro [21:15] MSN: shell get very rich here [21:15] MSN: he [21:15] SuperSniper00: its definately mobbed up ill give you that [21:16] MSN: <pearl> If the SEC prohibits trades below .0001 then that is the only price that the preferred will ever trade at if anyone is willing to pay that price [21:17] MSN: miner? [21:17] SuperSniper00: evidenced by the reference of "vertical integration" which she explained as keeping the business between close family and friends and not letting any outside investors touch it [21:17] SuperSniper00: i dont think she ever claimed to be a miner [21:18] SuperSniper00: i think she used her DoM money to acquire some mom and pop mines and ended up stumbling upon 2.4 million tons of gold [21:18] MSN: no. the drilling was very smart. not random [21:18] MSN: she drilled only 8 holes [21:19] MSN: hit heavy gold in 3 [21:19] MSN: hard to believe!!!! [21:19] SuperSniper00: im not saying the drilling was random, im saying going from DoM and trying to scam to actually finding something legit was pure luck for her [21:20] MSN: look, wash. is the ultimate scam [21:20] SuperSniper00: and i dont care, all i know is whether she is a miner, SEC pro, MM, or just a dumb filipino, this is going to explode in the next 5 trading days [21:21] MSN: the power will come from these shorts who are screwed [21:21] MSN: they assumed the div was a lie [21:21] MSN: now, they owe [21:21] SuperSniper00: doesn';t matter if its shorted or not.....but by god i really hope it was [21:21] MSN: nasdaq computers will force them to pay the div, or be arrested [21:22] SuperSniper00: USXP anyone? [21:22] MSN: YYYYY [21:22] MSN: our usxp [21:22] SuperSniper00: you brought paim to us all [21:22] MSN: we will make f**ing bank [21:22] SuperSniper00: you brought paim to me....i helped bring paim to everyone else [21:23] SuperSniper00: i have like 500 posts and about 400 of them are on the PAIM thread lol [21:23] SuperSniper00: screw your ebay business.....you can retire [21:23] MSN: <traderscorneradmin> Have you ever looked at cyanide and caustic soda leaching? [21:24] MSN: what is that? [21:24] SuperSniper00: miner speak [21:24] SuperSniper00: i am assuming it is how they process the metals [21:24] SuperSniper00: possibly seperating the metals from the other rocks [21:24] MSN: pearl is claiming that she sold no stock [21:25] SuperSniper00: of course, why would she admit it if she did? [21:25] MSN: thell gets most of the gold, then sell the talings to others [21:26] MSN: <pearl> There is loose gold still in the region but not in bars unless you can find one from the Yamanutsa lost gold [21:27] MSN: god [21:27] MSN: im posting this chat [21:29] SuperSniper00: do it [21:29] SuperSniper00: we're in the money, we're in the money [21:29] MSN: the nakeds are doomed [21:30] MSN: we want the div [21:30] MSN: shorts have to buy it or be arrested [21:30] SuperSniper00: these preferred shares are unrestricted and hold full voting rights [21:30] MSN: naked shorting is illegal. they will be exposed [21:30] MSN: wow, unrestricted [21:30] MSN: shorts must buy them all. god [21:31] SuperSniper00: question [21:31] SuperSniper00: if they did a R/S would it save the shorts asses? [21:31] MSN: oh yeah [21:31] SuperSniper00: wow [21:32] SuperSniper00: listen to this [21:32] SuperSniper00: EFGI told the IR guy Rick C that they should do a R/S of the stock [21:32] MSN: efgi is the short [21:32] SuperSniper00: "Would be awesome if there was a short conspiracy, lol. EFGI was the fool who sold all the GVRP back in the day, creating that scandal" [21:33] MSN: efgi was dumping billions of shares [21:33] MSN: they will need their meds [21:34] SuperSniper00: this will explode either way....GWGO has a 12b float i think End of SuperSniper00 buffer: Wed Mar 08 21:34:53 2006
Posted by Ripler on :
this all sounds too good to be true but i am still in for the ride..
Posted by 7 of 9 on :
DIGDOUGH is right, the divy is some scheme to screw the shorts, which is why we will be able to sell them.
the shorts have to buy them from us or go to jail.
the divy will be under a new symbol and will be tradeable but beyond that who knows.
Heres how the divy is filed:
>>>>>>>>>>>>>>>>>>>>>>>>>> Dividend Type:
Stock Div. payable in another company >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
In what other company who knows. At least its not restricted.
You guys are discussing the "PAR" value which is always irrelevant.
Scammers:
While were on this subject, pls. give me a list of pinkies that are NOT scams. I have none right now and could use a few. There hard to find i think all would agree.
Posted by zowwie438 on :
BigRob,
Do you really think you will score 4MIL off PAIM?
Zow
Posted by BigRob on :
I think you missed the point, I'm just trying to state how rediculous this imagginary reverse split sounds, not that I really care I'm here to make money and if none of this plays out hey I bought at .0001, no big deal.
Posted by Ripler on :
i dunno how instand millionaire is very "realistic" but hey i guess it can happen
Posted by MoneyMoneyMoney on :
All fine and dandy but!!!
1 trillion shares (for example) X .00000001 =
a WHOPPING 10 thousand dollars they would have to pay from short selling. Not much to pay if they have to for the dividend to skip out on jail.
Posted by BigRob on :
My honest opinion is that this is a pumpers ploy to keep everyone invested in the stock and as the stock rises they will dump and take profits while maintaining an eventual reverse split keeping interest up and people buying, once the 15th comes I'm guessing this will come crashing.
Posted by 7 of 9 on :
they cant buy the shares at .000000000001
only at .0001
new SEC rule
this was discussed by Pearl in the chat
this is her plan to screw the shorts
.0001 is the minimum price
do what u want guys, but ill be putting in sh*tloads of orders.
Posted by MoneyMoneyMoney on :
Yup and thats exactly why I've been selling and I now have 3 mill more to sell. The short sellers have nothing to worry about cause they would only have to pay 10grand if they shorted 1trillion shares.
I'm cashing out and quick. Moving alot more of my cash into RSHN!!
If the Phillipines had lots of gold they wouldn't be as poor of a country that they are. They would be out digging the gold up themselves to save their country and families.
Thats like saying gold is in them there hills in Orlando. lmao
Posted by llpupsll on :
SOMEBODY WANTS THOSE SHARES CHEAP!! BAHAHHAHAHA
Posted by BigRob on :
MMM - I wouldn't go that far! Africa is a poor ass Continent and has plenty of diamonds to sell, however I think the old addage applies here, if it sounds too good to be true it probably is.
Posted by Hiker on :
I bought 5mil last night at .0002 and sold at .0003. I never thought this one was going any higher then .0003 or maybe .0004. Quik in and out...just like the burger joint..
Posted by MoneyMoneyMoney on :
ok, your right BigRob. I set myself up for that one. lol.
I honestly do hope everything turns out right and that we (thousand or so investors according to Pearl) becomes rich. I do find that hard to believe so I am going to ride free shares into the dividend and hope for the best from there.
Posted by Gurgle Smurf on :
Why are the people who are not interested in PAIM -- the ones bashing PAIM -- bothering to post anything at all in the PAIM topic ?
Are they attempting to convince me that they care about my financial well-being ? Is this some kind of Christmas-in-March theme happening ?
Please. There are those who believe in PAIM and those who do not. REGARDLESS of what someone's personal beliefs are, one thing is DEFINATE : the perferred shares are f-r-e-e. So, whether or not they are worthless in the future is a moot point. Since they are free, why does anyone care about what they're going to be worth ? If they're worth nothing, then it didn't cost a thing. If they become worth something, then it STILL didn't cost a thing.
Look, if you are considering PAIM and don't want to take a risk with it, then put the cost of a pizza into PAIM and walk away.
Posted by plni on :
ladies and gentle men lets all take a 3 minute break, and get a beer, then maybe we will feel even better than we feel now let the bashers drink water and wash out there mouths.
Posted by eld24 on :
Pearl Asian Mining Industries 'Naked Shorting' Victim Business Wire - March 09, 2006 06:00
PASIG CITY, Metro Manila, Philippines, Mar 09, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (Pink Sheets: PAIM) Reports: In attempting to determine why certain market makers seemed to have an apparently unlimited supply of shares offered at $.0001, the company's Investor Relations Officer Richard Miller stated the following:
"Pearl Asian Mining will not do a reverse split in the foreseeable future. The Company believes that a reverse split would decrease its market capitalization, thus helping market makers that nakedly shorted the stock to more easily buy back shares to the detriment of all current shareholders and the company.
"It was discovered that the unsolicited market making activities of its common shares for the past several days of two market makers quoting the stock on an unsolicited basis had mostly held the price of PAIM stock at 0.0001 for those days.
"When the dividend distribution occurs on March 31, 2006, market makers that nakedly sold shares short will not be able to deliver the 1000 preferred shares for every common share shorted to the designated shareholders."
The Company is encouraged by the recently published rules to take effect before the end of this coming summer that will allow the public to have knowledge of the number of shares sold short in companies traded in all OTC markets per Pink Sheets' release: http://www.pinksheets.com/about/pr_021606.jsp. Posted by plni on :
how many like the beer idea
Posted by MoneyMoneyMoney on :
Smurf, No one is attempting to convince "you" of anything. I don't care about you or your money.
I'm posting cause I damn well please to and I have many shares, probably more than you.
You take and enjoy your worthless "f-r-e-e" shares. I'll be selling you my common tomorrow.
Posted by plni on :
im holding on to my shares no matter what then on march 31 im gonna call my ex wife and tell that i now have 6 BILLION SHARES OF !!!!PREFERD STOCK!!!!
Posted by TroyAnalysis on :
right .0001 is the minimum price tradable period.. exactly 7 of 9's point this is all for the mm's and already seems to be working forcing the mm's to cover there shorts all the way into the xdate (15th).
even without the use of share divides here are a few examples.. most recent being GWGO & LFWK from .0022 - .04
(PRWEB) March 8, 2006 -- It’s not uncommon to read about small publicly traded companies complaining about the evils of naked short selling and the negative impact that it has on their price of their stock. It is however, quite uncommon for companies to actually take action and do something about it. The difficult, sometimes daunting task of taking on the issue of naked shorting is usually costly and time consuming, taking valuable resources away from the company’s operations. Some of the most prominent anti-naked short selling proponents include Overstock.com (OSTK), Great West Gold (GWGO), Global Links Communications (GLKC), and CMKM Diamonds which has ceased trading since October of 2005.
One of the newest companies to take on naked short selling is Loftwerks Inc (LFWK). While many of the fore-mentioned companies diverted resources towards fighting naked short positions in their companies, Loftwerks has tackled the problem by diverting more money back into the company, and buying back shares. In fact, in recent news releases Loftwerks has announced that insiders of their company hold more shares of their company’s stock, than have actually been issued. CEO Dennis Ammerman stated, "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying; therefore, we created our own definition. We call it 'Short Seller Captured Capital.’” Essentially what this means to Loftwerks shareholders is that insiders own the entire outstanding share count, and then some.
The last time a scenario such as this was revealed, was with Global Links Communications. Robert Simpson, CEO of Global Zann Corp. at one point had in his possession the entire issued and outstanding stock of GLKC, and filed the ownership with the SEC as required. Despite owning all the stock of Global Links, the stock continued to trade millions of shares per day. As investors caught wind, shares of Global Links quickly gained more than 1000% moving from under .01 to over .14 in a matter of weeks.
CMKM Diamonds continues to press on in its fight against naked short selling, now in its 5th month of its historic certificate withdrawal from the DTCC. Since the call to request physical delivery of shares in November, the task force set up to account for the shares has tallied over 400 billion of the 703 billion issued. The latest deadline to show ownership is March 15th, which leaves many investors worried that a naked short position in the company will not be proven. Widespread reports indicate that many shareholders that have requested their certificates are having trouble actually getting them from their brokers. Other shareholders are completely unaware of the certificate pull altogether, since the main method of communication for the process is through message boards and the internet. Undisclosed at this point is the level of ownership of CEO Urban Casavant, and family, as well as the numerous business partners the company was involved with. For more information visit our website at http://www.thestreetwire.com
a.) PAIM has a solid product to market -- GOLD. b.) PAIM is diversifying into other business ventures, which will provide additional profits for itself -- which translates into profits for shareholders. c.) PAIM has the ability to provide constant income for itself through its mining; translates into constant income for investors. Even if there is no money dividend, PAIM can use its profits to further diversify and fortify itself through purchasing new equipment, more land, hiring more hands, ETC -- growth strategy. d.) PAIM has been trading at a very low price the past couple of days -- perfect 'value' investing strategy. e.) PAIM is taking steps (F/S) to screw short sellers to protect itself -- which means its long term goal is to protect its investors. f.) Even if the F/S does NOT produce money for its investors initially, the F/S will benefit PAIM by removing short sellers. The trickle down effect of this is that common share investors will be more secure.
Counterpoints
a.) PAIM has not produced a single ounce of gold, yet. Since the future is unknown, no one knows whether or not it will actually produce gold. b.) It has been said that a company's stock price is low for a reason -- there might be other reasons at play here that we are not privy to. c.) All the hype about PAIM has come from PAIM itself and from PAIM investors; obviously there is a bias at work. No one who has a large stake at risk in PAIM will do anything to critique and possibily jepordize their market position. PAIM needs to have 3rd party, unbiased, observations and reportings to give creedance to its PRs. d.) PAIM has the ability to issue out unlimited shares. It's possible, on a whim, that PAIM can control its stock price by issuing more shares. An unlimited amount of shares scattered between a finite number of people means that it is POSSIBLE that all shares are in fact worthless.
We're all on the same team here, people. We're using this forum to make money, and share information that leads to making money. If PAIM is bogus, we all need to know about it. However, there are a lot of talented people on here who believe that PAIM is profittable. There are talented people on here that believe PAIM is NOT profittable. There are reasons for and against; if you want to play it safe, then risk the amount of a pizza and a movie with PAIM. If you want to take a greater risk, and thus have a greater reward, put $1000 or more into PAIM.
Posted by SuperSniper00 on :
OKAY ONCE AND FOR ALL THIS IS HOW THINGS WORK. THESE ARE THE FACTS AND NOT OPINIONS.
1. In late Jan/early feb PRLGF did a 1:1000 SPLIT. The new symbol traded is PAIM and the O/S went from 30 million to 30 billion.
2. PAIM has set a record date for a DIVIDEND on March 17th. The dividend will be paid 1000 preferred shares for every 1 common share you own.
3. The NASD has set the x-date as March 15th. This means if you own common stock in PAIM at 4pm on March 14th, you will receive the dividend stated in #2.
4. The preferred shares will trade under a different CUSIP and a different ticker symbol. The PAR VALUE of the shares will be .00000001.
5. New SEC rule states that no one is allowed to buy or sell a security at less than .0001. This means none of us will be able to sell our preferred shares unless someone is willing to buy at .0001.
6. PAIM has been the victim of naked short sellers in recent weeks. If you short sell a stock during a dividend, you have to PAY the dividend otherwise you go to jail. Short sellers are now playing beat the clock to recover their billions of shorted shares before the xdate so they dont have to pay the divvy. This is called a short squeeze. This generally drives the price of stock up considerably (check out IDWD).
That is it that is final. If you dont understand this then, well, you are dumb. If you think PAIM is real buy the stock and hold for a year because they will be seeing revenue 4th quarter 2006 and 1st quarter of 2007. If you dont believe PAIM is legit, buy PAIM now hold until the xdate, get the dividend. Then sell your shares with your 500% profit because PAIM will be .001 or higher on the xdate. PERIOD.
Posted by Max Shrap on :
And those that can't sell by the xdate will be wiped out.
Posted by SuperSniper00 on :
quote:Originally posted by Max Shrap: And those that can't sell by the xdate will be wiped out.
What in the world are you talking about?
Posted by Max Shrap on :
The O/S will be 30 trillion. The stock will be deluted to 0 with no revenue coming til the middle of next year, what PR is gonna raise this money pit? They blew their load with the forward looking PR. Who is gonna be able to sell their BILLIONS of shares?
Posted by finalwish on :
If you sell the shares on xdate (3/15) do you still get the dividens?
Posted by Max Shrap on :
There are gonna be SO MANY Friggin Flippers trying to sell before the xdate and so few buyers that you will be lucky if you can get out by then. You might as well hold onto your shares and unpack your bags in the "house of PAIM(N)."
quote:Originally posted by finalwish: If you sell the shares on xdate (3/15) do you still get the dividens?
Posted by JOELGA on :
Snipe, so there will be two types of stocks trading at once? What will the difference be having preferred versus common? Is one more attractive than the other?
Posted by Max Shrap on :
Hey, I hope I'm wrong. Maybe I give stocktraders too much credit. They may be dumber than I think, and maybe everyone will make millions selling their billions of shares for .01. I'm not a hater or a basher, I'm just trying to wrap my head around the insanity of this stock. The structure is re-g*d-damn-diculous.... in a bad way.
Posted by tmanfromtexas on :
MAX, the o/s of PAIM is not going to change. The preferred shares will be under a new symbol and cusip number. Dont scare the newbies. TMAN...
Posted by JOELGA on :
People are confusing this divy with a forward split, which it is NOT!
Posted by Max Shrap on :
It doesn't matter what the symbol is, it is still splitting the SAME PIE. You can call it what you want, it is the same gold mines with the same gold being split 1000 times. And if you split 30 billion by 1000 you still get 30 trillion. And if you try to sell a billion shares, who do you think is gonna buy them? And if nobody buys them, how much are they worth?
quote:Originally posted by JOELGA: People are confusing this divy with a forward split, which it is NOT!
Posted by JOELGA on :
You have a point Max. Im just trying to figure this all out in my head. Whats the difference between preferred and common stock?
Posted by timstl on :
quote:Originally posted by JOELGA: You have a point Max. Im just trying to figure this all out in my head. Whats the difference between preferred and common stock?
try google you'll find lots of info.
max, you do have a point. however, the dividend that they are issuing won't even be tradable due to low value. to me that leaves the o/s at 30 billion. people aren't going to be trying to sell the new symbol when (if) PAIM shoots up.
Posted by SuperSniper00 on :
The O/S is 30 billion before and after the xdate.
The pie doesn't change at all because you wont be able to sell the preferred stock probably for months. By then PAIM will be pulling in revenue. Now if the preferred shares were being traded that would indeed dilute, but if 30 tril is just sitting there, its as if it doesn't even exist.
Posted by SuperSniper00 on :
In 2 years PAIM will be on the NASDAQ trading in the dollars and I'll make sure to send Max a post card from the bahamas.
Posted by suddenstranger on :
get the picture.. Posted by Max Shrap on :
Hey, if this happens, there are some stupid stocktraders out there that can't do basic math. Cuz anyone who does the math on this stock will not allow this stock to go above .00000001, with the current structure. And if you know ANYTHING about Gold stocks, the PRs are few and far between. After the xdate, you might as well hold a funeral for this stock and bury it 'til the end of the year, cuz it will be dead. The lucky ones are the ones that gambled on it and got out with a nice flip.
quote:Originally posted by SuperSniper00: In 2 years PAIM will be on the NASDAQ trading in the dollars and I'll make sure to send Max a post card from the bahamas.
Posted by SuperSniper00 on :
When PAIM is pulling out 1billion dollars in gold and silver, the preferred will be converted to common. O/S will be 90 billion and then they will do a R/S which will initially hurt the stock but it will recover because with a billion in revenue it is impossible for it not to. bing bang boom
Posted by Max Shrap on :
Anyone care to decode the point?
quote:Originally posted by suddenstranger: get the picture..
Posted by Max Shrap on :
1 billion x .05(the 5 percent owned by shareholders) divided by 90 billion(you are pulling this one from deep out your *ss, but I'll roll with it) = ?
quote:Originally posted by SuperSniper00: When PAIM is pulling out 1billion dollars in gold and silver, the preferred will be converted to common. O/S will be 90 billion and then they will do a R/S which will initially hurt the stock but it will recover because with a billion in revenue it is impossible for it not to. bing bang boom
Posted by jakeo on :
Cashed out today for a nice 100%!
But... Just a word about these Preferred shares they are giving out... to me at a price of .000000001 they dont seem to be worth much, so it seems they are really giving away nothing, and we would be recieving nothing . Possibly in the FARRR future it might be worth something if it last that long.
JMHO and i agree with alot of others, This will keep going til the div date then die. Usually when there is this much controversy around a sketchy company like this there is a basis for it. IN AND OUT!!! GL!
Posted by SuperSniper00 on :
First volume, then price. Sorry you're missing out on thousands of dollars.
Bookmark this post and read it again on the 13th and 14th because I am just going to say, "I told you so." right now, because I'll be too busy spending my money on those days.
Posted by Max Shrap on :
I am not here to bash. I know it comes off that way. I am just debating with facts as they appear to be. If they do actually clean up the structure of this thing and make people some big cash, I will be happy for you and them. I just don't see how anybody who would create this mess, would be able to straighten it out and make it into anything that would resemble legitimate.
quote:Originally posted by SuperSniper00: First volume, then price. Sorry you're missing out on thousands of dollars.
Bookmark this post and read it again on the 13th and 14th because I am just going to say, "I told you so." right now, because I'll be too busy spending my money on those days.
Posted by Max Shrap on :
It doesn't matter if the 30 trillion is being traded or not. The "pie" is still divided into 30 trillion pieces. They don't divide a separate "pie" into 30 trillion. It is the same "pie" that ALL the shares come from, which means that ALL the shares are subject to the dilution.
quote:Originally posted by SuperSniper00: The O/S is 30 billion before and after the xdate.
The pie doesn't change at all because you wont be able to sell the preferred stock probably for months. By then PAIM will be pulling in revenue. Now if the preferred shares were being traded that would indeed dilute, but if 30 tril is just sitting there, its as if it doesn't even exist.
Posted by weatherbill on :
you people are not getting it at all....it's not about the shares or dilution.....the company set this up to burn the MM's for shorting their stock...this thing is going to explode becasue they;'ve shrted this to death at .0001 and you can;t get folks to give up shares any lowerdon't sell your shares, let the mm's burn and have to pay more for them before the divy day.....
[ March 09, 2006, 22:58: Message edited by: weatherbill ]
Posted by Max Shrap on :
The divi still has to be paid. And if they pay the divi, it will dilute the stock.
quote:Originally posted by weatherbill: you people are not getting it at all....it's not about the shares or dilution.....the company set this up to burn the MM's for shorting their stock...this thing is going to explode becasue they;'ve shrted this to death at .0001 and you can;t get folks to give up shares any lower, so when the divy day comes,the MM's will ahve to pay 1000 times more on the shares they've shorted......don't sell your shares, let the mm's burn and have to pay more for them before the divy day.....
Posted by weatherbill on :
I think the divy stock won't even be traded.....it;s just set up by the company to burn the MM's for shorting, to make the stock better
Posted by Silence on :
Any one else see this? _______________________________________
"PEARL ASIAN GOLD"
*AVAILABLE FOR SALE * AFTER NOV., 2006
SPECIAL FEATURES: 18 +/- gms weight (Minimum) PURITY from 95% to 99.99% Size of a Credit Card 1/4 inch thick Hallmarked and Serialized Certificate of Authenticity Customized with Name
COST: Based on London Bullion Metal Exchange (LBME) Gold Price Fixing AM or PM
1. $10 off the LME Price= for 10% DEPOSIT 2. $15 off the LME Price= for 20% DEPOSIT 3. $25 ofF the LME Price= for 50% DEPOSIT 4. $50 off the LME Price= for FULL PAYMENT
Gold Price * LME AM / PM PRICING COST:
a. ORDERS PLACED AFTER 6:00 PM USA Pacific Time Gold price is * AM Fixing LME
b. ORDERS PLACED AFTER 12:00 NOON USA Pacific Time Gold price * PM Fixing LME
MODES OF PAYMENT:
a. CREDIT CARDS: VISA, MASTER CARD, AMERICAN EXPRESS or b. VIA PAY PAL or c. WIRE TRANSFER TO:
Pearl Asian Mining Industries, Inc. Bullion HSBC BANK CANADA 885 West Georgia Street, Vancouver B.C., CANADA V6C 3G1 Swift Code: HKBCCATT A/C # 020-749287-071 ABA # 021-001-088 or
d. CASHIERS Check- PAYABLE TO:
PEARL ASIAN MINING INDUSTRIES, INC INVESTORS TRUST FUND ACCOUNT
DELIVERY: PLUS SHIPPING, HANDLING OR ANY APPLICABLE TAXES BONDING & INSURANCE
(INTERNATIONAL) MUST GO THROUGH CUSTOMS: THE PRODUCTS ORIGINATED FROM THE PHILIPPINES TO CLIENT'S
APP. 3-4 weeks after the ORDER is in placed. allowing for Custom Clearances..
FOR FURTHER INQUIRIES PLEASE CONTACT:
IR*PearlAsianMining.com (604)688-9589 (D)
Posted by ohio_trader on :
Screw the divy......how much impact will this have on our common shares....there are several outcomes....if this company is for REAL....the best and likely scenario down the road is a R/S on the preferred divy shares....or convert back to common shares......Im not betting the ranch on this one....I sold most of my postion last week, but still have plenty left to make it fun...
Good Luck to PAIM holders/longers!!!!!!
***do yourhomework***
Ohio_Trader
Posted by Max Shrap on :
The MMs are not a factor in the pps. This company has absolutely NO Revenue and a 30 billion O/S. There will be no revenue until the middle of 2007 if at all(who knows what's gonna happen in the Phillipines) You can't short a stock that is worthless.
Posted by Silence on :
Good read on the Common and Preferred Stock Gives the numbers on Outstanding, Authorized, and Float for both.
Here is the thing... you can argue the negative aspects of the divy all you want, or argue the legitness of the company as well, but the fact is that this stock has literally gone from .0001 over the last two weeks to .0003 (and even hit .0004 it looks like) this week. All naysayers have been wrong, the stock has gained 200% this week. I could care less if Pearl Asian is the gateway from Pergatory to Hell, bashers at .0001 or .0002 were wrong.
Posted by Max Shrap on :
Dude, the guys making the cash are the guys who are flipping it. Once the xdate passes the excitement ends. If you are lucky enough to get your sell order filled by the xdate, you MAY make some decent cash, but after that, it will probably be down hill until they get their production facilities set up by the end of the year. But, hey, I am using logic. For your sake, I hope logic doesn't apply.
Posted by holdensteele on :
Where do you find this?
quote:Originally posted by Silence: Any one else see this? _______________________________________
"PEARL ASIAN GOLD"
*AVAILABLE FOR SALE * AFTER NOV., 2006
SPECIAL FEATURES: 18 +/- gms weight (Minimum) PURITY from 95% to 99.99% Size of a Credit Card 1/4 inch thick Hallmarked and Serialized Certificate of Authenticity Customized with Name
COST: Based on London Bullion Metal Exchange (LBME) Gold Price Fixing AM or PM
1. $10 off the LME Price= for 10% DEPOSIT 2. $15 off the LME Price= for 20% DEPOSIT 3. $25 ofF the LME Price= for 50% DEPOSIT 4. $50 off the LME Price= for FULL PAYMENT
Gold Price * LME AM / PM PRICING COST:
a. ORDERS PLACED AFTER 6:00 PM USA Pacific Time Gold price is * AM Fixing LME
b. ORDERS PLACED AFTER 12:00 NOON USA Pacific Time Gold price * PM Fixing LME
MODES OF PAYMENT:
a. CREDIT CARDS: VISA, MASTER CARD, AMERICAN EXPRESS or b. VIA PAY PAL or c. WIRE TRANSFER TO:
Pearl Asian Mining Industries, Inc. Bullion HSBC BANK CANADA 885 West Georgia Street, Vancouver B.C., CANADA V6C 3G1 Swift Code: HKBCCATT A/C # 020-749287-071 ABA # 021-001-088 or
d. CASHIERS Check- PAYABLE TO:
PEARL ASIAN MINING INDUSTRIES, INC INVESTORS TRUST FUND ACCOUNT
DELIVERY: PLUS SHIPPING, HANDLING OR ANY APPLICABLE TAXES BONDING & INSURANCE
(INTERNATIONAL) MUST GO THROUGH CUSTOMS: THE PRODUCTS ORIGINATED FROM THE PHILIPPINES TO CLIENT'S
APP. 3-4 weeks after the ORDER is in placed. allowing for Custom Clearances..
FOR FURTHER INQUIRIES PLEASE CONTACT:
IR*PearlAsianMining.com (604)688-9589 (D)
Posted by SincereX13 on :
Well nobody is here to hold hands, I plan on taking full advantage of the excitement on this stock at the begining of next week and end of next week. All I am saying is that naysayers at .0001 were already wrong and could have made money at this point.
Posted by weatherbill on :
in at .0001, it is worth the risk to me to wait till at least next week and see if the stock rises past .0006 or more, then cash in.....the risk/reward ratio is too good here.....not selling anytime tomorrow........
Posted by holdensteele on :
quote:Originally posted by Max Shrap: But, hey, I am using logic. For your sake, I hope logic doesn't apply.
LMFAO!!! How can you claim logical thinking when you've been going on and on about "30 trillion", "30 trillion", without paying any attention to the fact that its value is .00000001 which amounts to a measly $300,000 that won't be tradable unless some dupe pays me .0001 . . . in which case I would make out like a bandit. More important, if the preferreds go through a r/s to equal the commons, we're only talking about an additional 3 billion shares added to the 30 billion. This divy is just to go after those naked shorters, so stop with the doomsday "trillions and trillions of shares all apart of one big apple pie!!!"
Posted by SuperSniper00 on :
quote:Originally posted by Max Shrap: The MMs are not a factor in the pps. This company has absolutely NO Revenue and a 30 billion O/S. There will be no revenue until the middle of 2007 if at all(who knows what's gonna happen in the Phillipines) You can't short a stock that is worthless.
BS dude...billions of shares were shorted in a very naked manner. Count the volume for the past 2 weeks!
That means the MMs need to rebuy those shares, which will decrease float and anyone who knows a thing or two about investing will tell you a decreased float means higher PPS.
Its beat the clock for the MMs. Buy the shares back or go to jail! I hope those MMs burn and lose the shirts off their back, then they will just be naked. Isn't it ironic, doncha think?
Posted by Ripler on :
wow some interesting "arguements" from both sides.
It looks like everyone is starting to turn on this stock now.. fear
Posted by holdensteele on :
quote:Originally posted by Ripler: wow some interesting "arguements" from both sides.
It looks like everyone is starting to turn on this stock now.. fear
Ignorance is not always bliss.
Posted by Silence on :
quote:Originally posted by holdensteele: Where do you find this?
quote:Originally posted by Silence: Any one else see this? _______________________________________
"PEARL ASIAN GOLD"
*AVAILABLE FOR SALE * AFTER NOV., 2006
SPECIAL FEATURES: 18 +/- gms weight (Minimum) PURITY from 95% to 99.99% Size of a Credit Card 1/4 inch thick Hallmarked and Serialized Certificate of Authenticity Customized with Name
COST: Based on London Bullion Metal Exchange (LBME) Gold Price Fixing AM or PM
1. $10 off the LME Price= for 10% DEPOSIT 2. $15 off the LME Price= for 20% DEPOSIT 3. $25 ofF the LME Price= for 50% DEPOSIT 4. $50 off the LME Price= for FULL PAYMENT
Gold Price * LME AM / PM PRICING COST:
a. ORDERS PLACED AFTER 6:00 PM USA Pacific Time Gold price is * AM Fixing LME
b. ORDERS PLACED AFTER 12:00 NOON USA Pacific Time Gold price * PM Fixing LME
MODES OF PAYMENT:
a. CREDIT CARDS: VISA, MASTER CARD, AMERICAN EXPRESS or b. VIA PAY PAL or c. WIRE TRANSFER TO:
Pearl Asian Mining Industries, Inc. Bullion HSBC BANK CANADA 885 West Georgia Street, Vancouver B.C., CANADA V6C 3G1 Swift Code: HKBCCATT A/C # 020-749287-071 ABA # 021-001-088 or
d. CASHIERS Check- PAYABLE TO:
PEARL ASIAN MINING INDUSTRIES, INC INVESTORS TRUST FUND ACCOUNT
DELIVERY: PLUS SHIPPING, HANDLING OR ANY APPLICABLE TAXES BONDING & INSURANCE
(INTERNATIONAL) MUST GO THROUGH CUSTOMS: THE PRODUCTS ORIGINATED FROM THE PHILIPPINES TO CLIENT'S
APP. 3-4 weeks after the ORDER is in placed. allowing for Custom Clearances..
FOR FURTHER INQUIRIES PLEASE CONTACT:
IR*PearlAsianMining.com (604)688-9589 (D)
Posted by Silence on :
www. stock information systems .com
all together
Posted by holdensteele on :
What's the *********************?
Posted by Max Shrap on :
You forget that there are gonna be thousands of other shareholders trying to dump their billions of shares at .0001. How many are gonna want to buy?
quote:Originally posted by holdensteele:
quote:Originally posted by Max Shrap: But, hey, I am using logic. For your sake, I hope logic doesn't apply.
LMFAO!!! How can you claim logical thinking when you've been going on and on about "30 trillion", "30 trillion", without paying any attention to the fact that its value is .00000001 which amounts to a measly $300,000 that won't be tradable unless some dupe pays me .0001 . . . in which case I would make out like a bandit. More important, if the preferreds go through a r/s to equal the commons, we're only talking about an additional 3 billion shares added to the 30 billion. This divy is just to go after those naked shorters, so stop with the doomsday "trillions and trillions of shares all apart of one big apple pie!!!"
Posted by Ripler on :
ok ok but thats not my point...where were these arguements 1 week ago...it is SERIOUSLY REALLY heating up AGAINST...why NOW all of a sudden?
Posted by SuperSniper00 on :
quote:Originally posted by Max Shrap: You forget that there are gonna be thousands of other shareholders trying to dump their billions of shares at .0001. How many are gonna want to buy?
quote:Originally posted by holdensteele:
quote:Originally posted by Max Shrap: But, hey, I am using logic. For your sake, I hope logic doesn't apply.
LMFAO!!! How can you claim logical thinking when you've been going on and on about "30 trillion", "30 trillion", without paying any attention to the fact that its value is .00000001 which amounts to a measly $300,000 that won't be tradable unless some dupe pays me .0001 . . . in which case I would make out like a bandit. More important, if the preferreds go through a r/s to equal the commons, we're only talking about an additional 3 billion shares added to the 30 billion. This divy is just to go after those naked shorters, so stop with the doomsday "trillions and trillions of shares all apart of one big apple pie!!!"
The same idiots who bought USXP at .03 and were still pumping it.
Posted by holdensteele on :
That's the point. Absent some sort of r/s, nobody will be selling their preferred shares anytime soon. In the meantime, the price of the commons will be pushed up by the immediate demand of the naked shorters. After the divy, we'll still only have 30 billion commons that are being traded. In other words, the divy is not any form of meaningful dilution.
Posted by SincereX13 on :
Max
First you won't be able to trade your billions of preffered shares initially period. Second, most likely their will be either a reverse split among the preffered shares or an offer to trade 1000 preffered for 2 common. Third the real profit to be made here is before the dividend anyway. I don't get how you can keep arguing as this thing goes up? Sure it may tank after the 17th but many are not 'concerned' about that at all.
Posted by Max Shrap on :
Well, one thing is for sure, this will be fun to watch. Good Luck. I personally think Luck is the most important factor in this equation.
quote:Originally posted by SuperSniper00:
quote:Originally posted by Max Shrap: The MMs are not a factor in the pps. This company has absolutely NO Revenue and a 30 billion O/S. There will be no revenue until the middle of 2007 if at all(who knows what's gonna happen in the Phillipines) You can't short a stock that is worthless.
BS dude...billions of shares were shorted in a very naked manner. Count the volume for the past 2 weeks!
That means the MMs need to rebuy those shares, which will decrease float and anyone who knows a thing or two about investing will tell you a decreased float means higher PPS.
Its beat the clock for the MMs. Buy the shares back or go to jail! I hope those MMs burn and lose the shirts off their back, then they will just be naked. Isn't it ironic, doncha think?
Posted by SincereX13 on :
except luck is the most important factor in every pinkie
Posted by holdensteele on :
In addition, if PAIM is really advertising gold bars already, it would appear they are sufficiently confident that they will be producing in the fourth quarter as they have represented. GOLD!!! A company with a total maket value of only $3 million (30 billion X .0001)!!! Once they get even a small amount of gold, don't you think that .0001 will rise . . . oh . . . just a tad?
Posted by Max Shrap on :
This one needs it more than most. The structure on this is ugly. 30 trillion is a scary fuggin number.
quote:Originally posted by SincereX13: except luck is the most important factor in every pinkie
Posted by singledadandhappy on :
can anyone say bre-x ? hey I know people lost alot but from what I have read alot also made a fortune.
Posted by Ripler on :
ok whos planning on holdting after the xdate? / selling before?
Posted by SincereX13 on :
right... but the 30 trillion is not paim... it will be under a different ticker. Besides I don't plan on holding that long. All I am saying is that this was a great play at .ooo1 or .ooo2 and bashers have said otherwise all along.
Look nothing down here makes sense... 7 of 9 loves paim but rips rshn. So do I like him or hate him? Doesn't matter, money can be made here short term and that is the point period!
Posted by holdensteele on :
Again with the 30 trillion. Jesus. If it were 30 trillion common at .0001 then, yes, we would all be laughing at Pearl and begging somebody to take our shares for free just to clear our "portfolios". BUT IT IS NOT, so stop acting like it is.
Posted by singledadandhappy on :
3 mill 4 hundred bucks no big deal I'll let it ride hope for the best hope is the only thing that is still free
Posted by Max Shrap on :
The stock is over valued at .0001 presently. Don't forget shareholders only hold 5 percent of the company.
quote:Originally posted by holdensteele: In addition, if PAIM is really advertising gold bars already, it would appear they are sufficiently confident that they will be producing in the fourth quarter as they have represented. GOLD!!! A company with a total maket value of only $3 million (30 billion X .0001)!!! Once they get even a small amount of gold, don't you think that .0001 will rise . . . oh . . . just a tad?
Posted by adlai on :
This stock is a piece of sh*t...
I am a huge hater of this PAIM, I hate it so much I almost created another username titled PAIMHATER...
But,I think it's important to note that if you made your 100% profit, that's really awesome...
Props to all of you that made some money o PAIM.
Posted by SincereX13 on :
Max I don't dislike you by far... but the point is that paim has gone from .0001 to .0003 and will likely continue to rise until the 17th. This is the main point, I hope you see the logic here.
Posted by TroyAnalysis on :
Here is the thing... you can argue the negative aspects of the divy all you want, or argue the legitness of the company as well, but the fact is that this stock has literally gone from .0001 over the last two weeks to .0003 (and even hit .0004 it looks like) this week. All naysayers have been wrong, the stock has gained 200% this week. I could care less if Pearl Asian is the gateway from Pergatory to Hell, bashers at .0001 or .0002 were wrong.
nice post SincereX13..
and adlai i'm ROTFLMAO HHA what a freakin joke
Posted by Max Shrap on :
I already copped to the fact that it is good for flipping. Sniper thinks this thing is gonna make him a millionaire. I am just responding to people that think this thing is legit.
quote:Originally posted by SincereX13: Max I don't dislike you by far... but the point is that paim has gone from .0001 to .0003 and will likely continue to rise until the 17th. This is the main point, I hope you see the logic here.
Posted by adlai on :
I think that gold bar thing is a scam...
I'm ROTFLMAO too...
Posted by llpupsll on :
TSK TSK, SOMEONE IS MISSING OUT ON THE PAIMTRAIN! ALL ABOARD....
THOUGHTS?
Posted by tmanfromtexas on :
Max if you would make honest claims about the share structure maybe someone would listen but saying there will be 30 trillion in the float is just asinine. PAIM has 30 billion authorized and 5 billion in the float. PERIOD. With you trying to make the preferred shares sound like the common shares makes you sound like someone who is sad that they sold to early and now cant get back in. Sux to be you. TMAN...
Posted by TroyAnalysis on :
Keep Bashing!..been working Great so far! Go PAIM!! Posted by SincereX13 on :
Ok Max, I hear you, 7 of 9 rips RSHN but praises PAIM. PAIM has a lot more suspect issues than RSHN. But to argue this would be to argue semantics. None of these sub pennies will make any of us millionares in one shot.
So if this is your gripe then I am not against you. If anything I appreciate guys like you, people that are grounded and logical. I just hope you understand my thought process thus far.
Posted by ohio_trader on :
Hey guys and gals,
regardless of what you do, if your in position now...for crying out loud you have to hold at least a 1 or 2 million shares just for the sake of it----yes you could lose your 100% gain , but on 1-2 million shares...who cares
if red 14 hits you won't hang yourself,lol
*****baby....THIS is what risk is ALL about !!!!
**do your homework**
Ohio_Trader
Posted by Max Shrap on :
Nobody has missed the boat on this thing. ANYBODY will be able to get in on the dirt cheap after the xdate, cuz there won't be any Exciting PR 'til they get the production facilities built at the end of the year. If you don't think 30 trillion O/S preferred shares is wacky, I'd like to know all the other stocks that you own multi-billion preferred shares of. And the only way they can be meaningless is if they are worthless.
quote:Originally posted by tmanfromtexas: Max if you would make honest claims about the share structure maybe someone would listen but saying there will be 30 trillion in the float is just asinine. PAIM has 30 billion authorized and 5 billion in the float. PERIOD. With you trying to make the preferred shares sound like the common shares makes you sound like someone who is sad that they sold to early and now cant get back in. Sux to be you. TMAN...
Posted by TroyAnalysis on :
There may very well be bars of gold on the Island, but I doubt we the shareholders would ever see anything from them if they were to be found on the company claims. All that is beside the point. The company claims they are being seriously Naked Shorted and apparently have put in place a dividend to try and bust any would be shorter. It seems they may or may not be right. The share price is now moving up for some reason and it may be due to shorts trying to cover or it may just be because there is a lot of buying pressure or both. It did move up awful suddenly after the announcement making the MM's look very guilty in my book. I know Janice will try and say Naked Shorting is just a cover for heavy dilution by the company, but that is her story on every company that claims it's been shorted. I myself believe it's these very companies that are belived to be scams that are targeted by the shorts and that may very well be the case here. If so, then I also believe pearl and her people were smart enough to smell a rat and have taken creative measures with this dividend to counter the short. The next few days should be interesting to say the least, but let it be said Naked Shorts don't give in to easily, but the fact that this company has made this move so early in the game while interest in the company is at a peak and the company knows exactly how many shares should be trading in the float could be any would be Naked Shorts undoing. JMHO
Yeh Janice is very against this stock... another reason why I don't buy into the "this stock is a scam" crap. They are all scams in pinkie land. The more people like her argue against, the more the stock seems to move. IDWD was a huge scam at .17 and nothing has changed, yet the stock has traded at .90 recently.
Posted by TroyAnalysis on :
Yeh Janice is very against this stock... another reason why I don't buy into the "this stock is a scam" crap. They are all scams in pinkie land. The more people like her argue against, the more the stock seems to move. IDWD was a huge scam at .17 and nothing has changed, yet the stock has traded at .90 recently.
agreed.... Posted by Ripler on :
^^ a little different since PAIM is hovering around .0001 and IDWD was .15...actually VERY different... makes IDWD seem a "little" more legit.
Posted by Gurgle Smurf on :
Limit Order Placed (Sell) : 1,200,000 * .0009
It'd be nice if everyone made the shorts pay top dollar for our stock.
Posted by WangChung73 on :
So now we're only receiving 1,000 "preferred" shares for every million shares of PAIM instead of 1 billion "preferred" shares for each million like someone mentioned here a few days ago?
Posted by Gurgle Smurf on :
quote:Originally posted by WangChung73: So now we're only receiving 1,000 "preferred" shares for every million shares of PAIM instead of 1 billion "preferred" shares for each million like someone mentioned here a few days ago?
No. Just multiply (your currently owned common shares) with 1000.
If you own 1,000,000 common shares RIGHT NOW.
Then after the divy, you'll own 1,000,000 common shares AND 1,000,000,000 preferred shares.
Posted by WangChung73 on :
So you're saying I'll have 100 BILLION "preferred" shares? I currently own 100 million PAIM shares.
Posted by Ripler on :
ya man
Posted by WangChung73 on :
And how much is each "preferred" share worth?
Posted by Ripler on :
.00000001 under a new symbol...so basically nothing right now
Posted by SuperSniper00 on :
quote:Originally posted by Ripler: ^^ a little different since PAIM is hovering around .0001 and IDWD was .15...actually VERY different... makes IDWD seem a "little" more legit.
Not really. The PPS could be $1 and the company could not own a damn thing. Its all about what investors are willing to pay. IDWD is nothing, hasn't been a company for years. SEC hardly ever removes a ticker symbol, even if the company folds. PAIM is relatively new, and when you are new you start out at .0001, not $10.
Posted by SuperSniper00 on :
L2s suggest we should be perhaps a HOD of .0006 and mostly 4/5s printing all day.
Posted by George on :
This is almost like GVRP all over again...very few people made money on that lotto...most said hety it is only a $50 investment to try and win millions...guess what I still have my $50 worth of worthless stocks...
Posted by fishfarmer on :
quote:Originally posted by George: This is almost like GVRP all over again...very few people made money on that lotto...most said hety it is only a $50 investment to try and win millions...guess what I still have my $50 worth of worthless stocks...
No guts no sausage George. Posted by dkinvest on :
I can't wait to get my bizillion preferred shares worth:
.00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 000000000000000000000000000000000000000000001
Posted by daytr8er on :
PAIM .0003x.0004 Looks like they did naked shorted PAIM this stock could run with little volume now.
Posted by kt325ci on :
B/A 3x.0003 / 2x.0004
Posted by TroyAnalysis on :
very nice kt325ci
Posted by kt325ci on :
this thing would be flying if not for all the .0003 sellers.
Posted by fishfarmer on :
L2 looks good, free on pinks.
Posted by TroyAnalysis on :
..this is Friday...holding....
..and we have a new mm on board again today!
Posted by kt325ci on :
Troy, you talking about SEAB?
Posted by George on :
quote:Originally posted by fishfarmer:
quote:Originally posted by George: This is almost like GVRP all over again...very few people made money on that lotto...most said hety it is only a $50 investment to try and win millions...guess what I still have my $50 worth of worthless stocks...
No guts no sausage George.
Hey Fish...I am not saying this is a bad one, only that it just reminds me of GVRP...you can make a boat load of money on these kind of deals or loss a little....Just like the Lotto...Good luck guys but i am out for now...
Posted by daytr8er on :
Guess ull miss out on next weeks run. PAIM
Posted by kt325ci on :
another mm, VERT, just joined the party. 4 mm's on the bid now.
Posted by singledadandhappy on :
Pearl Asian Mining Industries Announces NASDAQ Set X-Dividend Date PASIG CITY, Metro Manila, Philippines--(Business Wire)--March 9, 2006-- Pearl Asian Mining Industries, Inc. (Pink Sheets:PAIM) Reports: The company announced today that NASDAQ has set the X-Dividend Date as March 15, 2006. The dividend of 1,000 preferred shares for every 1 common share held of record on March 17, 2006, is to be paid on March 31, 2006. See: http://www.otcbb.com/asp/dividend.asp?sym_id=paim&dDate=03/ 15/2006&sDateType=ex_date (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Pearl Asian Mining Industries, Inc. Richard C. Miller, 770-336-5824 or 678-570-6538 Fax: 877-317-4430 IR*PearlAsianMining.com www.PearlAsianMining.com or Philippines: +63-2-490-0140
Copyright Business Wire 2006
Posted by fishfarmer on :
L2 looking great!
Posted by TroyAnalysis on :
yes 2 new mm's day kt325ci
Posted by Thomas Mick on :
I wish the bears would let go of this!
Posted by TroyAnalysis on :
if they want out we want them out..shares being transfered to the strong
Posted by bobcat88 on :
Who is riding free shares?
Posted by Raytrader on :
I need to make 50k by the end of the week or my bookie will be upset with me.....lol go away bears!!
Posted by dkinvest on :
bid 0002 ask 0004
GRIDLOCK!
Posted by Ripler on :
i hope this bad boy shows.0005 today.. i'll make sure to sell of and ride the rest free
Posted by TroyAnalysis on :
yea .0004 will be a HUGE Break for this imo
Posted by 7 of 9 on :
whats your prodictions this baby will go to before the xdate?
Posted by dkinvest on :
"whats your prodictions this baby will go to before the xdate?"
go to what?
Posted by Ripler on :
*how high will the price of PAIM go to?
Posted by dkinvest on :
depends on fat-fingers.
Posted by Ripler on :
just another question...im new so dont hold it against me.. if i were to try and sell at .0006 is it still possible? would someone buy?
Posted by SincereX13 on :
your guess is as good as any other
Posted by singledadandhappy on :
I bought 3 mill * 0.0001 my RBC account shows a current price of 0.0003 I am still showing a balance of (0) why?
Posted by texrecruiter on :
quote:Originally posted by singledadandhappy: I bought 3 mill * 0.0001 my RBC account shows a current price of 0.0003 I am still showing a balance of (0) why?
When did you buy the 3 million?
Posted by texrecruiter on :
quote:Originally posted by Ripler: just another question...im new so dont hold it against me.. if i were to try and sell at .0006 is it still possible? would someone buy?
I don't think it would sell unless someone else had a bid at .0006. But you could try.
Posted by Thomas Mick on :
(C)1994-2006 M2 COMMUNICATIONS LTD
Posted by Squire38 on :
I sure the MMs would sell to the bidder at 0.0006 before we could.
Posted by Ripler on :
heheh alright im going to try Posted by Ripler on :
one quick question..if i put a limit price at 0.0006 can someone still buy my shares at .0005 or .0004 etc?
Posted by CTMum on :
This is my first post to the boards, I am a Newbie here. Forgive my question if it seems stupid. I just started playing pennies for fun. My goal was 40-50% on a trade. I bought 3mil of Paim at .0001, so .0004 exceeds all my expectations. I know this is going to make alot of people alot of money, but for me, this is tying up $$, so I am happily looking to cash out at .0004. I have had a sell order in all day, Ameritrade is showing the last trade at 10:07 for .0003, I saw on otcbb.com that it is or was at .0004. My question is with a stock that has so many people looking for a quick flip (like myself), can we really depend that we can sell at the price we want to or is it a big waiting game. I keep showing my hubby how much I "made" but he keeps reminding me that until it is cash it's all just a number on a screen.
Also maybe to answer some of the questions about what will happen after the 17th. If you look at the previous posts, there is a link to the live chat with Pearl and they make an attempt to answer the questions.
Posted by SincereX13 on :
no
Posted by SincereX13 on :
its going to be a waiting game...lots of people looking to flip at .0004 (I'm thinking most of the flippers at .0003 have already come and gone). It will probably be like this for every tick up until all flippers are gone.
Posted by DIGDOUGH on :
Ya it's worth a try.
quote:Originally posted by Ripler: heheh alright im going to try
Posted by texrecruiter on :
quote:Originally posted by CTMum: This is my first post to the boards, I am a Newbie here. Forgive my question if it seems stupid. I just started playing pennies for fun. My goal was 40-50% on a trade. I bought 3mil of Paim at .0001, so .0004 exceeds all my expectations. I know this is going to make alot of people alot of money, but for me, this is tying up $$, so I am happily looking to cash out at .0004. I have had a sell order in all day, Ameritrade is showing the last trade at 10:07 for .0003, I saw on otcbb.com that it is or was at .0004. My question is with a stock that has so many people looking for a quick flip (like myself), can we really depend that we can sell at the price we want to or is it a big waiting game. I keep showing my hubby how much I "made" but he keeps reminding me that until it is cash it's all just a number on a screen.
Also maybe to answer some of the questions about what will happen after the 17th. If you look at the previous posts, there is a link to the live chat with Pearl and they make an attempt to answer the questions.
The bid price has to be at .0004 before you can sell it at that price.
Posted by Ripler on :
*****if i put a limit price to sell at 0.0006 can someone still buy my shares at .0005 or .0004 etc? thats no good
Posted by MoneyMoneyMoney on :
no
Posted by Raytrader on :
quote:Originally posted by Ripler: *****if i put a limit price to sell at 0.0006 can someone still buy my shares at .0005 or .0004 etc? thats no good
........no you cant a limit means LIMIT no more or no less....a market order would sell in that range..butsome otc stocks cant be sold as market
Posted by dkinvest on :
wow.
Posted by CTMum on :
How come on otcbb it is showing at .0004, who is able to sell at that if the bid is .0003? Doesn't that mean someone is selling for .0004? Or am completly missing the point.
Posted by Raytrader on :
no .0004 would be the ask amount and yes people are buying at that price but not from "shareholders"...from mm's
Posted by dkinvest on :
It is smart to learn how to swim before you jump in the ocean.
Posted by Raytrader on :
yes...good point
Posted by Ripler on :
if you only put in $200 and dont care too much it is a smart way to learn to swim > more of an "hands on" method. I should be prepared for many oceans if i swim in them with my dad trying to drown me at the same time. In the end i wont drown, i will survive!
Posted by $bling$ on :
thats how im looking at it. Most of the planet is water....and the inflatible "floaties" on my arms wont hold air forever...So I need to learn. something to try is work on one of those 'fantasy' stock trading games that uses current market info. so you can see if your picks and decisions are working overall well or not. i'm about to jump into the 3 foot deep pool after that and see how $200-$500 works out. Methinks it'll work well...I've still got alot of schooling to do.
be careful. glad to be here. really loooks like a good group of people.
Posted by CTMum on :
I am sorry if you feel that I shouldn't be trading yet, but I have read 27 pages with MANY questions about this stock, didn't think mine was too out of line. Would someone mind posting the ask of this stock as my ameritrade is showing no trading since 10.:07.
Thanks.
The funny thing about this is I know in a week or so I will be reading about all the money you guys made on this and worrying about .0003 or .0004 will seem ridiculous, but time for me to move on.
Posted by megahead34 on :
ask is .0004
Posted by eze on :
CTMum
Try reading as many books as you can about trading stocks also check out www.investopedia.com it should help you with alot of your questions happy trading
Posted by CTMum on :
Thanks!! I have had a sell order in for that, let's see if it goes thru.
Posted by CTMum on :
EZE, once again thanks. Can't wait to read about how much money this will make for everyone!!!
Posted by eze on :
CTMum No problem good luck!!
Posted by cactus33 on :
chill
Posted by $bling$ on :
CTMum, oh i didn't mean that at all....My response was generally abotu what I've been doing to get ready for this sort of thing. I hope others might benefit from it sometime. anyway, I've been reading the same pages too...I have the same feelings and questions that you do about this.
good luck.
Posted by Phoenix on :
quote:Originally posted by George:
quote:Originally posted by fishfarmer:
quote:Originally posted by George: This is almost like GVRP all over again...very few people made money on that lotto...most said hety it is only a $50 investment to try and win millions...guess what I still have my $50 worth of worthless stocks...
No guts no sausage George.
Hey Fish...I am not saying this is a bad one, only that it just reminds me of GVRP...you can make a boat load of money on these kind of deals or loss a little....Just like the Lotto...Good luck guys but i am out for now...
Actually some people got screwed on GVRP, like Purl Gurl. She got her shares, wasnt allowed to sell them, then the shares got reverse split out of existence, and then she got audited because of it. Wonder how that turned out for her.
edit: by the way, this is the thread I was referring to if you want to read it.
cant see how it wont be by the end of the day
Posted by Gurgle Smurf on :
Time & Sales Price Size Exch Time 0.0003 20000 OTO 12:21:51 0.0003 480000 OTO 12:21:51 0.0004 500000 OTO 12:21:51 0.0004 500000 OTO 12:19:28 0.0004 500000 OTO 12:18:42 0.0003 250000 OTO 12:13:24 0.0004 250000 OTO 12:13:23 0.0003 1000000 OTO 12:08:20 0.0004 1000000 OTO 12:08:20 0.0003 770000 OTO 12:07:16 0.0004 770000 OTO 12:07:16 0.0003 10000 OTO 11:59:47 0.0004 10000 OTO 11:59:47 0.0004 500000 OTO 09:59:42 0.0004 500000 OTO 09:58:53 0.0004 500000 OTO 09:58:45 0.0003 1000000 OTO 09:57:25 0.0004 1000000 OTO 09:57:25 0.0003 1000000 OTO 09:57:20 0.0004 2870000 OTO 09:57:20 0.0003 8881000 OTO 09:57:20 0.0003 1989000 OTO 09:57:20 0.0004 9000000 OTO 09:57:20 0.0003 11000 OTO 09:55:49 0.0004 11000 OTO 09:55:49 0.0004 7982500 OTO 09:54:00 0.0003 3982500 OTO 09:54:00 0.0003 1000000 OTO 09:54:00 0.0003 3000000 OTO 09:54:00 0.0003 800000 OTO 09:54:00
Posted by 7 of 9 on :
i made bank on GVRP
i turned $400 into $12k in days
sold 1/3 of shares b4 split, into a massive pop
immediately after close i had like 120m f/s shares
GVRP was a botched 3m:1 f/s
i was able to sell 80m * .0001, for $8k
the rest never sold and were reversed into crap
no audit
GVRP put me into the penny stock biz....
PAIM will put me into retirement...
Posted by Phoenix on :
quote:Originally posted by 7 of 9: i made bank on GVRP
i turned $400 into $12k in days
sold 1/3 of shares b4 split, into a massive pop
immediately after close i had like 120m f/s shares
GVRP was a botched 3m:1 f/s
i was able to sell 80m * .0001, for $8k
the rest never sold and were reversed into crap
no audit
GVRP put me into the penny stock biz....
PAIM will put me into retirement...
I'm well aware of what it was, I read over 50% of the massive thread
Obviously you werent using a brokerage that didnt allow anyone to sell, like Scottrade. She got audited because she didnt declare it as profit, because she never was allowed to sell, and then the shares got blasted out of existence.
Posted by daytr8er on :
Nice 7 : ) PAIM could be another good trade like that.
Posted by Ripler on :
placed sell order for .0006... lets see if somethings happens Posted by DIGDOUGH on :
looks like the buyers are gonna wait till the last minute again.
Posted by CTMum on :
still waiting for sell to fill at .0003 has anyone else filled yet at .0003?
** I know I am going to hate myself next week btw.
Posted by dkinvest on :
I sold 10M at .0004 today.
Posted by smokedtitan on :
i have been trying to sell at .0003 for two days now...
Posted by alohadream on :
Have had a Good Until Cancel sell of 10 million shares at .0003 since yesterday but nothing yet.This bouncing between .0003 and .0004 but the .0002 spread between bid and ask not changing means a lot more want to sell at .0003 than buy.Hope can sell this 10 to have 5 free rides.
Posted by CTMum on :
Sweet!, I'd be happy to see my .0003 fill>
Posted by smokedtitan on :
i changed it to .0004 about an hour or so ago and that hasnt been filled either... dk i wish i was able to!!!
Posted by dkinvest on :
just kidding....i have the order in, but i doubt it will fill.
Posted by TroyAnalysis on :
three companys as of late w/News Releases standing against naked shares being shorted in their stock. very similar cases to what we are seeing on PAIM with their latest prs and now with the evidience of mirror trades going though between the bid and ask... hmmm imo this will start get very interesting. (in all cases the exposure came out while stocks were being traded near 52 week lows and as shareholders caught wind pps. saw dramatic increases)
GLKC
GWGO
LFWK
interesting read on these companys pg. 15
Posted by 7 of 9 on :
u guys selling b4 the split are the true bagholders
this isnt a worthless shell like usxp
gold
gold
Posted by dkinvest on :
"u guys selling b4 the split are the true bagholders"
Sorry, I don't want to risk this gain - And I think you are right on USXP.
Posted by Raytrader on :
worthless shell? props to most of us here who made bank on usxp
Posted by suddenstranger on :
three companys as of late w/News Releases standing against naked shares being shorted in their stock. very similar cases to what we are seeing on PAIM with their latest prs and now with the evidience of mirror trades going though between the bid and ask... hmmm imo this will start get very interesting. (in all cases the exposure came out while stocks were being traded near 52 week lows and as shareholders caught wind pps. saw dramatic increases)
GLKC
GWGO
LFWK
interesting read on these companys pg. 15
Posted by Raytrader on :
damn! thats interesting!....what is going on???
Posted by smokedtitan on :
quote:Originally posted by 7 of 9: u guys selling b4 the split are the true bagholders
this isnt a worthless shell like usxp
gold
gold
im just tryin to get a free ride here.... i have lots of faith in this company!
Posted by Raytrader on :
Faith isnt a bad thing...unless your a muslim radical
Posted by Raytrader on :
I dont understand why anyone could be down on usxp.....
Posted by CTMum on :
Ditto, I personally think alot of folks are going to make alot of $$$ on this.
But for me, I feel like my 8 yr old. I just want to take my ball (300%) and go home. I am just waiting for someone to give it to me.
Posted by moosehead9nc on :
not many trades today, looks like many are holding
Posted by Raytrader on :
I just wish someone would give me my 5th star back Ive been on a drinkin binge since it was taken from me....I was so drunk I went to kick my dog and missed and kicked my mom instead and now my dad is upset with me
Posted by moosehead9nc on :
not much action this afternoon with paim, hopefully we will have an EOD run to 5 or 6
Posted by Raytrader on :
its definatly a good thing...slow, gradual increase..rather that a spike....shows stability
Posted by moosehead9nc on :
thats what im hoping, i hope we can close atleast 4 today, maybe 5 or 6 monday, and eod run on tuesday to 7, with bid at 6, if not higher
Posted by 7 of 9 on :
im not down on usxp
i made some money on it
im just saying that if usxp, a worthless shell (by this i mean the co doesnt exist) that everyone knew was a shell, can yield 100 bags, what r the possibilities for PAIM?
We have a gold mine in the phil., in a gold mining region and on an existing, tho played out, mine.
PAIM has found a new, monster vein of gold on the property of an old mine.
Many people have stated that in this area, as in other regions of the pacific, gold can be picked off the ground.
thousands of people pan for gold and make a living off it
Have you ever heard of FCX?
they mine millions of ounces of gold from the jungles of indonesia
gold on these islands are for real.
compare that to usxp which sells what? i didnt hear that.
read 50 prs from usxp and tell us all what they sell.
paim sells gold.
Posted by ACKCANE on :
There you go Ray . . . just don't kick your dog!
Posted by dkinvest on :
quote:Originally posted by jellybean: Don't worry about the price of the preferred shares or the conversion math to common stock. Just buy this week and get on the PAIM train. The train is going to be full of gold nuggets with Pearl as conductor. I will be buying 50 million Friday which will give me 200million.
I have not seen jelly here today.
Posted by Raytrader on :
youre absolutly right....while USXP is selling an "IDEA"...that may or may not go anywhere...but it is an idea on profiting from the fear of of todays society post 911 that is
Posted by adlai on :
This thing is at .0004 because too many people are buying this worthless stock... the bid price reflects it's true value, and I still think that's way too modest. Do some research on most gold stocks on the market, the ask/bid diff is almost always a huge spread... This thing is likely to get to .0007 ask price easy... good luck getting anything above .0002 on the bid price any time soon... A company with no revenue can't generate higher bid prices, simple math.
Posted by adlai on :
By the way... if you're a newbie in the stock market, I would stay out of this one...
Laugh if you want, that's my two.
Posted by dkinvest on :
"This thing is at .0004 because too many people are buying this worthless stock"
If too many people were buying this stock, the price should go up, IMO.
Posted by Nickrizzle on :
why are certain people being so critical of those that want to sell before the split?? If they want to sell there shares before so be it that shouldn't affect those that want ot hold on to theres....i just dont understand why people would put pressure on others not to sell...do they have something to gain??
Posted by Raytrader on :
"supply and demand"....simple math?......adlia?
Posted by adlai on :
Yeah... more people are going to continue to buy overpriced stock... If you are buying this at .0004 you have just thrown money away, who in their right mind actually thinks the bid is ever going to reach .0004 any time soon... your wishfull thinking... I think this stock was fantastic at .0001 and selling at .0002... If your buying now, your waisting time... Things are only going to get worse by the end of next week... Has anyone been to the website?
Posted by Raytrader on :
I think what others are trying to say that if everyone is selling between .0002 and .0003 the mm's arent going to raise the bid if everyones happy with those figures
Posted by dkinvest on :
"waisting"
I'm not doing anything with my waist, Just tryin' to make some $.
Posted by Raytrader on :
eod will show a higher bid price...my psycic friend hotline told me so
Posted by Raytrader on :
they always make me so much $$ and then I get my phone bill...geez!!
Posted by dkinvest on :
quote:Originally posted by Raytrader: they always make me so much $$ and then I get my phone bill...geez!!
Ya, and they are buying PAIM!
Posted by adlai on :
Ray... if you disagree with what you just said I respect that, but thank you for saying it so simple.
I love the fact that people made money on this stock, I just think it's too late for some to buy now and still make $.
That's all, I'm out.
Posted by Raytrader on :
on a serious note ...this gradual increase gives me a GREEN light...in the past the slow upticks have done me alot better
Posted by dkinvest on :
When PAIM rises, so does my member.
Posted by suddenstranger on :
www.otc-advisors.com: "Bulls in the Stable" WTVN, PAIM, AVNT, ADVC, CRGO
Rochester, NY, Mar 10, 2006 (M2 PRESSWIRE via COMTEX) -- www.otc-advisors.com names Wi-Fi TV Inc. (Pink Sheets: WTVN), Pearl Asian Mining Industries Inc. (Pink Sheets: PAIM), Aventura Holdings, Inc. (OTCBB: AVNT), Advanced Communications Technologies, Inc. (OTCBB: ADVC) and Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO) its "Bulls in the stable." To feature your publicly traded company in our alerts, email us at info*otc-advisors.com or to sign up for our free newsletter, visit http://www.otc-advisors.com
Wi-Fi TV Inc. (Pink Sheets: WTVN - http://finance.yahoo.com/q?s=WTVN.PK )Wi-Fi TV Inc. (OTC: WTVN) can be seen over the Internet in the United States, Latin America and globally. More than 200 channels of live TV programming, Country and Category specific breaking news and free voice over IP phone calls are available at www.Wi-FiTV.com. Premium services are offered exclusively to Wi-Fi TV members. Wi-Fi TV Inc. has opened a new content and technology demo room for the press in Newport Beach, California. For further information, contact Colby Marceau, 949-716-9397, info*wi-fitv.com.
Pearl Asian Mining Industries Inc. (Pink Sheets: PAIM - http://finance.yahoo.com/q?s=PAIM.PK) is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Utilizing a Debt-Free Financial Statement, and world-class mining expertise, Pearl Asian is recognized for its leadership in the mining industry.
Pearl Asian Mining Industries Inc. currently owns 100% of the 12 mining claims in the Namaimo Area of Vancouver Island, British, Columbia, Canada. PAIM owns 100% of the Exclusive Operation Mining Agreement (EOMP) with the Pearl Asian Mining- Philippines Corporation, 100% owner of the Small Scale Mining Permit (SSMP) on the 20 hectares of the XYZ Gold Mine Site; with pending approval of its Minerals Production Sharing Agreement (MPSA) Certification on over 8000 hectares of the XYZ Gold Mine Site. MPSA is the equivalent to the Mining Claims in US & Canada.
Pearl Asian's mission is to partner with the Philippine Government in order to acquire abandoned mines with known and proven gold reserves left for centuries. In addition, Pearl Asian is involved in providing products and services targeting the small scale miners in order to create orderly and sustainable gold and mineral productions that promote the growth of this newly-born, Mining Revival Industry Sector of the Philippines. This Small Scale Mining is a Community Livelihood Economic Base that covers 1% of the total Philippines Gold Mines and substantial amount of Gold productions output.
PAIM News:
March 9 -Pearl Asian Mining Industries Announces NASDAQ Set X-Dividend Date
The company announced today that NASDAQ has set the X-Dividend Date as March 15, 2006. The dividend of 1,000 preferred shares for every 1 common share held of record on March 17, 2006, is to be paid on March 31, 2006.
Aventura Holdings, Inc. (OTCBB: AVNT - http://finance.yahoo.com/q?s=AVNT.OB) is a Business Development Company (BDC) operating as an investment holding company. Aventura acquires and invests its assets and equity to build an investment portfolio and enhance shareholder value. Aventura's mission is to provide capital, equity and advisory services for management buyouts, recapitalizations, and for the growth and needs of emerging companies. As a BDC, Aventura is positioned to invest in a more efficient manner and to develop and expand its business interests.
AVNT Recent News:
March 9 - Aventura Makes Final Payment on Stock Purchase Agreement
Aventura Holdings, Inc. (OTCBB:AVNT) made its final payment to Dutchess Private Equities Fund II LP (Dutchess) ending a twenty four month five million dollar Stock Purchase Agreement.
Terms of the Agreement included issuing previously unissued Company shares to Dutchess which Dutchess resold at market to realize repayment of the debt. Aventura and Dutchess exchanged a mutual release.
"We are extremely pleased to be virtually debt-free" boasts Craig Waltzer president of Aventura. Mr. Waltzer adds, "The Dutchess relationship financed our ability to be at the forefront of exciting new ventures and we are grateful for their support. Aventura is now geared towards profitable investments that result in low debt to equity ratios for our shareholders."
Advanced Communications Technologies, Inc. (OTCBB: ADVC - http://finance.yahoo.com/q?s=ADVC.OB ) Advanced Communications Technologies, Inc., a New York-based holding company that specializes in the technology aftermarket service and supply chain known as reverse logistics, announced that its wholly-owned operating unit, Encompass Group Affiliates, Inc., expects to generate $10 million in revenue for fiscal 2006, a 33% increase as compared with $7,522,000 for fiscal 2005.
Encompass' subsidiary Cyber-Test, a Florida-based electronic equipment repair company, is a significant contributor to the substantial revenue projections, with one record breaking month after another over the company's past fiscal year including January, it's highest sales month yet. Cyber-Test reported $900,000 in revenue for January, compared with $676,000 for the same month in 2005, or a 33% increase. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the month was an impressive $101,000 or 11% of sales, compared to EBITDA of $42,000 or 6% of sales in January 2005.
Wayne Danson, president and chief executive officer of Advanced Communications, said, "We are having a very full and productive year with expectations of $10 million in revenue for fiscal 2006. Cyber-Test generated $900,000 in sales last month and continues to show enormous growth potential. Its management team continuously demonstrates its ability to adapt to the ever changing consumer and office electronic technologies without sacrificing its reputation for professionalism and service excellence, a key element in our business strategy." Danson added, "As we previously shared, we have been working on various transactions that will significantly expand our business and we will disclose all details once we are permitted under SEC regulations."
Lisa Welton, president of Cyber-Test, said, "Our fiscal year-to-date sales are already in excess of $5.3 million." Welton explained, "We generated $900,000 in sales last month, making January by far our most successful revenue-producing month in the company's history. Our business is increasing, a result of the value that technology products have in the daily lives of our customers, and their need to protect the investment they have made in these products. Moreover, improvements to our processes and procurement of new and used parts have reduced our operating costs, and increased our margins."
Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO - http://finance.yahoo.com/q?s=CRGO.OB) provides transportation logistics services for shipments importing into and exporting out of the United States. The company engages primarily in hauling truckload and less-than-truckload shipments of general commodities in both interstate and intrastate commerce. It provides back office operation for companies, such as insurance, financial, and regulatory operations. Cargo Connection Logistics also involves in the warehouse and distribution movement of dry goods. In addition, it operates a container freight station.
Posted by adlai on :
Are you up to .0004 now DK? HAHA
Posted by Raytrader on :
I dont think there are too many people at least in this forum that are or have bought in at .0004...youre right I wouldnt buy into it now at this point although with the way this one is going I dont think it would be impossible to still make a profit even if you were to buy in at .0005....it would just be more of a long play....but keep in mind we are all gonna be the proud owners of billions of them there preffered shares
Posted by dkinvest on :
quote:Originally posted by adlai: Are you up to .0004 now DK? HAHA
That moment is near, and will be surpassed, thank you for asking.
Posted by adlai on :
rotflmao...
Posted by Raytrader on :
it needs to close at .0004
Posted by adlai on :
On a serious note as well... I wish you all the best of luck... adlai_
Posted by CTMum on :
I wish everyone luck with this stock as well, but I did get in this to make a large return which on paper I did, (the allure of micros in general I think and nothing to feel badly about. But I am beginning to wonder if I made a mistake. It doesn't matter how much this moves or what the gains are if the average shareholder can't sell it. I know I am a newbie and don't know much, but I do know a stock you can't sell is worthless, other than bragging rights when you turn on your computer.
Posted by lostone on :
of course u can't sell it, at least not at the price you want ~.0004? MM's aren't going to let this go up til they have it covered or until we're near the div date.. at which time they'll let it increase just enough to entice ppl to sell so they can buy, if they still need to buy, which i doubt.
Posted by dkinvest on :
quote:Originally posted by CTMum: I wish everyone luck with this stock as well, but I did get in this to make a large return which on paper I did, (the allure of micros in general I think and nothing to feel badly about. But I am beginning to wonder if I made a mistake. It doesn't matter how much this moves or what the gains are if the average shareholder can't sell it. I know I am a newbie and don't know much, but I do know a stock you can't sell is worthless, other than bragging rights when you turn on your computer.
Hold your head-up, next week you should have no problem selling (and probably for more than today), IMO.
Posted by CTMum on :
Thanks DK I hope you are right!! Good luck to everyone else next week as well.
Posted by cactus33 on :
MUM.. thing this sat at .0001 for a while..
everyone and their mother is dumping for a quick buck right now
Let it form a base at .0003
not gonna happen overnight.
If your trippin already my advice would be to bail and go to bonds...
peace
Posted by daytr8er on :
PAIM close .0004 notice how we been going up gradually the last days. Looks like we are all holding strong, and ready for all the buyers who will want to be billionares next week. : )
Posted by alohadream on :
Closed at .0003 unchanged.
Posted by cactus33 on :
im showin .0003
oh well, hope your right about .0004
Posted by CTMum on :
Any bets on the over/under for how many days my sell order at .0003 will take to fill, we are two days now. Just trying to lighten up a bit, also hitting the casino this weekend so trying to get in the mood.
Happy trading and good weekend to all!!!!!
Posted by TroyAnalysis on :
agreed cactus23.. forming a really nice base at .0003 then .0004 and so on... Posted by DIGDOUGH on :
I'm gonna just take a guess that theres gonna be a lot of last minute shoppers next week. They will push it up. It went to .0004 from .0001 where I got it and probably can go higher. Where it goes will dictate how many I keep for the divy.
Posted by daytr8er on :
CTmum werent u bashin PCCE the other day? look at it now PCCE .0007 i told u at .0003 PAIM is alot better specially if they did Naked Shorted the stock.
Posted by jermarksey on :
how high will this or can this go
Posted by Ripler on :
i am a firm believer in this stocks stability...gradual rise seems logical. However, for the future we need someone from this forum to fly over (preferably a filipino) and sneak into the mine to see gold for thyself...IF THERE IS SOME? then its good news..
only way to know..
IMHO.. in any case... next week should go to .0006-.0007 before the xdate with all the people buying last minute.
Enjoy the weekend!
Posted by DIGDOUGH on :
The last divy I was involved in took a stock up 400%. This will only go as high as people want to pay for it. I'm hoping .0018-.002. But i'll take more and settle for less.
quote:Originally posted by jermarksey: how high will this or can this go
Posted by DIGDOUGH on :
Ripler, one poster named jellybean, keeps saying hes going over there very shortly. I don't know what he'll bring back, but said hes gonna take a look.
quote:Originally posted by Ripler: i am a firm believer in this stocks stability...gradual rise seems logical. However, for the future we need someone from this forum to fly over (preferably a filipino) and sneak into the mine to see gold for thyself...IF THERE IS SOME? then its good news..
only way to know..
IMHO.. in any case... next week should go to .0006-.0007 before the xdate with all the people buying last minute.
Enjoy the weekend!
Posted by jermarksey on :
do you have to bail out by the dead line or will your stocksjust convert over or what ever is supposed to happen on that day
Posted by dkinvest on :
quote:Originally posted by DIGDOUGH: Ripler, one poster named jellybean, keeps saying hes going over there very shortly. I don't know what he'll bring back, but said hes gonna take a look.
quote:Originally posted by Ripler: i am a firm believer in this stocks stability...gradual rise seems logical. However, for the future we need someone from this forum to fly over (preferably a filipino) and sneak into the mine to see gold for thyself...IF THERE IS SOME? then its good news..
only way to know..
IMHO.. in any case... next week should go to .0006-.0007 before the xdate with all the people buying last minute.
Enjoy the weekend!
I think that is BS.
Posted by singledadandhappy on :
i am not bailing out in it for the haul
Posted by cottonjim on :
I sold my RSHN for a OK profit to buy PAIM, now RSHN is sky rocketing and I could have been rolling in $. Someone reassure me that I did the right thing here.
Posted by megahead34 on :
ouch, that sucks.
Posted by dkinvest on :
quote:Originally posted by cottonjim: I sold my RSHN for a OK profit to buy PAIM, now RSHN is sky rocketing and I could have been rolling in $. Someone reassure me that I did the right thing here.
Woulda, Coulda, Shoulda - We all have these moments.
Posted by bobcat88 on :
for what it's worth, you did the right thing?
Posted by cottonjim on :
Not sure if that sounded sincere enough but thanks. Maybe the empty hole in my wallet will be filled in the next few weeks.
Posted by DIGDOUGH on :
quote:Originally posted by dkinvest:
quote:Originally posted by DIGDOUGH: Ripler, one poster named jellybean, keeps saying hes going over there very shortly. I don't know what he'll bring back, but said hes gonna take a look.
quote:Originally posted by Ripler: i am a firm believer in this stocks stability...gradual rise seems logical. However, for the future we need someone from this forum to fly over (preferably a filipino) and sneak into the mine to see gold for thyself...IF THERE IS SOME? then its good news..
only way to know..
IMHO.. in any case... next week should go to .0006-.0007 before the xdate with all the people buying last minute.
Enjoy the weekend!
I think that is BS.
Ya maybe.
Posted by DIGDOUGH on :
quote:Originally posted by cottonjim: I sold my RSHN for a OK profit to buy PAIM, now RSHN is sky rocketing and I could have been rolling in $. Someone reassure me that I did the right thing here.
I hope you can recoup it with this on Monday and tuesday.
I sold a bunch of mine to, but fortuneately it was high in the run. I hpoe that helps. I'm all too familiar with the feeling.
Posted by plni on :
BS******? OH NO NOT JELLY
Posted by cottonjim on :
Pearl Asian Mining Industries (Pink Sheets: PAIM - http://finance.yahoo.com/q?s=PAIM.PK ) Pearl Asian Mining Industries releases the summary report on the Geological Resource Studies within the 20 hectares of the XYZ Gold Mines Site Mineral Deposits.
The current tenement portfolios of PAIM are: (1) Small Scale Mining Claim Permit (SSMP) - 20 hectares, (2) Mineral Production Sharing Agreement (MPSA) - 720.00 hectares, (3) Exploration Permit Application (EPA) - 1,807.4773 hectares.
The recent exploration based on the Geological report of the Gil Apuya's MAYON Geological Company states that the present Geologic Resource of XYZ Gold Mine is about 1.5 million tons at a grade of 3.04 g/t-Gold (AU) and 19.96 g/t-Silver (AG). PAIM's team interpretation or projection as to mineable resource (projected to be mined or extracted) is about 446,592 tons at a grade of 5.13 g/t-Gold and 31.14 g/t-Silver. The mineable resources are categorized into low grade source of about 120,000 tons at a grade of 1.84 g/t (grams per ton)-Au (Gold) and 14.50 g/t (grams per ton)-Ag (Silver). The high grade source of about 326,592 tons at a grade of 6.34 g/t-Au; 37.24 g/t-Ag. These ores to be mined will be processed by heap leaching C-I-L and ELSA methods. The abandoned tunnels 3 and 4 are included in the projected high grade zone. The high grade zone or block of mineable resource of 326,592 tons using interpolation started from trench no. 1 at elevation 220 meters up to trench no. 4 at elevation 300 meters with a strike length of 400 meters. The 400 meters strike length was projected downward until elevation 160 meters, where abandoned tunnel no. 1 is situated. The average grade of the block of 6.34 g/t-AU; 37.24 g/t-AG were derived from the surface of tunnels 3 and 4 samples. The block grades were projections and will be confirmed once the tunnels are rehabilitated and sampled.
The estimates are based on projections derived from trench 1 down to tunnel 1 and possibly beyond tunnel 1 extending east and is subject for field investigation. Basing on the initial exploration results, the XYZ mineral deposit is an epithermal vein type deposit. The extent of the deposit at depth must be further studied through rehabilitation of old tunnels and core drilling to acquire more geological data and increase resource potential.
Posted by Gurgle Smurf on :
Hopefully the members of this forum will ban together with the members of 'other' forums and will REFUSE to sell at anything below .0009. MMs know that people will stain their pants when it hits .0005, and they are counting on everyone to 'settle' for this gain by selling * .0005.
However, if everyone refuses to sell ... until .0009 is reached, then a big booyah.
Since I got in * .0001, I really don't care if this reaches .0009 ... at worst, the price falls back to .0001 until gold starts comin' up from the ground. I'm sure at that time, .0009 will seem cheap -- and I'll actually be GLAD that my order didn't go thru at .0009.
This is a staring contest between US and the MMs.
Who's gonna blink first ? Not me.
Posted by dkinvest on :
quote:Originally posted by plni: BS******? OH NO NOT JELLY
If you go back pages & read Jelly's post(s) concerning this, I for one, got the impression that Jelly was on crack at the time and/or is screwing with us. I think that Jelly's post(s) were not sincere. Just my opinion, though.
Jelly said the following in past posts:
1. The date Jelly is leaving: April 1st, which is April Fools Day. 2. Jelly said he/she is using his/her preferred shares for the plane ticket. How can that be if he/she doesn't have them yet? Even if Jelly did have them today, Jelly can't "cash" them in since they are worth .00000001 - which you can not trade.
Am I the only one who sees this? If so, I'd like to sell you my 10M PAIM shares for $1.00 each.
Posted by adlai on :
oooo... only $1 you say... sounds like a steal...
Posted by DIGDOUGH on :
Ya, I caught that about using the div shares to pay for the trip. didn't sound right.
quote:Originally posted by dkinvest:
quote:Originally posted by plni: BS******? OH NO NOT JELLY
If you go back pages & read Jelly's post(s) concerning this, I for one, got the impression that Jelly was on crack at the time and/or is screwing with us. I think that Jelly's post(s) were not sincere. Just my opinion, though.
Jelly said the following in past posts:
1. The date Jelly is leaving: April 1st, which is April Fools Day. 2. Jelly said he/she is using his/her preferred shares for the plane ticket. How can that be if he/she doesn't have them yet? Even if Jelly did have them today, Jelly can't "cash" them in since they are worth .00000001 - which you can not trade.
Am I the only one who sees this? If so, I'd like to sell you my 10M PAIM shares for $1.00 each.
Posted by SuperSniper00 on :
"A company with no revenue can't generate higher bid prices, simple math. "
Are you stupid? PPS isn't determined by revenue. PPS is determined by what someone is willing to pay for the stock. Its called supply and demand as well.
USXP was 100 bagger and what revenue do they have? None, just debt.
PAIM is debt free and is currently sitting on 50 acres that are worth $100million.
Besides if you wanted to play the "revenue" card, everyone knows future revenues are priced into the stock already. Ever wonder why companies give guidance and have conference calls? Ever wonder why companies announce lower earnings before the earnings date?
Don't be stupid.
Posted by cactus33 on :
sniper, well said
dead on.....
Posted by Phoenix on :
If you guys are talking about JELLYBEAN, then please use that name...Jelly is someone else entirely I believe.....I have not read this entire thread though.
Posted by Dustoff101 on :
Some are using the name" JELLY " when they mean "JELLYBEAN"...
Situation is the following.............
When we abbreviate we have to be careful in this situation......
JELLY is a first class stock picker...
"Jellybean" I really don't pay much attention to, so don't know his/her history..
SOOOOOOOOOOOO.....When putting down info on JELLYBEAN lets use the full handle!!!!
Or " Bean " if ya must abbreviate.
Posted by imakmony2005 on :
BEAN IT IS.
Posted by Ripler on :
mondays close: .0005+
*****hopefully*******
Posted by zowwie438 on :
Come on... Somebody juice this bad boy up to .01. :-)
All this talk of .000X... I am hoping for the best.
The rest of you can drive in traffic and change from lane to lane, only to get stuck again and watch the other car pass you by...
Me, I am going to hang in here and stay in my lane. We all have the same destination, lets just hope that issues outside our control don't detour us.
.01 or bust for me.
Go PAIM.
Zow
Posted by TheCreator on :
lets see it drop to .0002 so i can get in Posted by megahead34 on :
I would love to see this hit .01 zowwie. I'm doing the same as you, staying in my lane.
Posted by zowwie438 on :
Now... Keep in mind. I am pulling a trailer. So the first chance I get, I will hope off the xpressway and drop that thing off cuz it's killing my fuel economy. :-)
But as soon as I can do that, I am back on course and I am staying in my lane.
I am hoping that the car pool lane will be moving fast! :-)
--Zow
Posted by Bottomliner on :
Just started watching this stock.
Can someone explain the rules for the dividend payout? It appears that today was the cutoff date, which means shares bought today WILL NOT get the divvie. Is this correct?
Also, any thoughts on where this might go in the next week, month, year?
Thanks for any help. Posted by BuyTex on :
ex-date is 15th; buy before then for divvies (with settled funds, ie)--you may have to fight for them: some brokers don't understand ex-dates
Posted by daytr8er on :
bottomliner i believe u have till tomorrow before the close to get the PAIM divy. Actually this is going to be my first time i have billions of shares in a stock : ) im curious of what will happen after u get the divy i hope we can all sell them someday and make some mad money. What are some of you experienced guys strategy with PAIM ???
Posted by Ripler on :
we need this to start flying now but people are still selling at .002
Posted by Bottomliner on :
BuyTex ... PM. Posted by Bottomliner on :
quote:Originally posted by daytr8er: bottomliner i believe u have till tomorrow before the close to get the PAIM divy. Actually this is going to be my first time i have billions of shares in a stock : ) im curious of what will happen after u get the divy i hope we can all sell them someday and make some mad money. What are some of you experienced guys strategy with PAIM ???
Thanks for the info ... but it appears I'm a day late. This is what I found regarding ex-dates:
1)The date on or after which a security is traded without a previously declared dividend or distribution. After the ex-date, a stock is said to trade ex-dividend.
2)This is the date on which the seller, and not the buyer, of a stock will be entitled to a recently announced dividend. The ex-date is usually two business days before the record date. It is indicated in newspaper listings with an x.
But thanks for trying to help. I appreciate it. Posted by dkinvest on :
BID down to 1....I am gonna short sell this sucka.
Posted by Trooper4985 on :
Is Etrade screwed up or has there really been no traffic for the last hour?
Posted by bobcat88 on :
Waiting game now, shorts are trying to get us to panic sell I guess.
Posted by DIGDOUGH on :
This stock is going in unpredictable directions for me, with my limited knowledge. Theres one more day to plat with it.
Posted by TroyAnalysis on :
and the matched trades continue..
Posted by JOELGA on :
MM's are trying to scoop up shares at 0001 and 0002 for tomorrow!
Posted by pay up on :
my etrade market caster is working. at times hen it does stop I have to reboot and reconnect
Posted by jermarksey on :
do we have to sell these stocks before the deadline
Posted by Bottomliner on :
quote:Originally posted by JOELGA: MM's are trying to scoop up shares at 0001 and 0002 for tomorrow!
Why? For the divvie?
OOPS ... sorry. I thought the ex-date was today, but just found out it is March 15.
You might be correct about the buying of shares. Again, sorry.
Posted by JOELGA on :
No, the ex-date is the 15th
Posted by pay up on :
quote:Originally posted by jermarksey: do we have to sell these stocks before the deadline
no, you had to buy before the deadline to get the new (worthless) shares.
Posted by JOELGA on :
Pearl Asian Mining Industries Announces NASDAQ Set X-Dividend Date PASIG CITY, Metro Manila, Philippines--(Business Wire)--March 9, 2006-- Pearl Asian Mining Industries, Inc. (Pink Sheets:PAIM) Reports: The company announced today that NASDAQ has set the X-Dividend Date as March 15, 2006. The dividend of 1,000 preferred shares for every 1 common share held of record on March 17, 2006, is to be paid on March 31, 2006. See: http://www.otcbb.com/asp/dividend.asp?sym_id=paim&dDate=03/ 15/2006&sDateType=ex_date (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
Posted by plni on :
you are wrong why cant everyone get it right. if you own on the 15th you get the divvy
Posted by Bottomliner on :
Hey, everyone ... I want to apologize for a couple of my recent posts regarding the divvie ex-date.
I thought TODAY was the official ex-date. Sorry for posting bad data ... just call it one of my many "senior moments" and please don't think badly of me. Posted by Bottomliner on :
quote:Originally posted by plni: you are wrong why cant everyone get it right. if you own on the 15th you get the divvy
Mea culpa, mea culpa. I'll throw myself on my sword if that will make it right. Posted by JOELGA on :
lol, Bottomliner no sweat. Just give us a good pick sometime!
Posted by plni on :
bottomline i was i did not mean to sound mean please accept my APPOLEGY
Posted by ohio_trader on :
bid back to .0002
Posted by CTMum on :
I am showing bid down to .0001
Posted by ohio_trader on :
you missed it
Posted by CTMum on :
I did sell, 2.5 mil at .0002 and a partial fill of 500K at .00022 Just went thru. Good luck to you all!! I am sure we will all be reading about the $$$$$ everyone made, but for me it was just time to take 100% and go.
Best of luck all!!!!
Posted by JOELGA on :
Can't complain about 100% Good move here CTM
Posted by Ripler on :
i didnt like the day
Posted by pay up on :
today should have been a good day but everything I have either is unchanged or dropped.
Posted by BigRob on :
and the pumpers grow silent!
Posted by Ripler on :
^ ** i would like some input from all of them now..
this was not what they predicted and some info would be nice
Posted by plni on :
I just sold 3000000 for .0002 I bought 6000000 for .0001 that means the 3000000 I kept cost me 10.80 now i believe i hold till next year who knows It could happen as we are all hope
Posted by ohio_trader on :
I sold 3.5 m at .0003 last week, and kept 1 m just for sakes..........
Posted by Ripler on :
prediction for tuesday?
Posted by Dr. Evil on :
PAIM! I want to live forever, I want to learn how to fly...HIGH!
Sorry, had that song stuck in my head all day. Make your $$ before the ex-date cause I fear this will head back to .0001 land afterward.
Posted by SuperSniper00 on :
Wow if you sold you just lost a lot of money. The squeeze wont happen until PM tomorrow. MMs are playing games, a lot of matching trades going on. They still havent even come close to covering. They are trying to make you think its down and get you to sell, they need shares! Oh well, to each his own, you'll just be cussing yourself out in the next 24 hours.
Posted by Dr. Evil on :
I'm still in so I hope you are right
But it's always nice to play with free shares.
Posted by jermarksey on :
i hope your right super do we have to get rid of them though or should we keep them after tomorrow
Posted by JOELGA on :
Im in with free shares. The only way to play!
Posted by dkinvest on :
quote:Originally posted by JOELGA: Im in with free shares. The only way to play!
Amen brother, I second that!!!!!!
Posted by SuperSniper00 on :
If you bought at .0001 your shares are basically free because if it cant go any lower than 1 and you can just cash out then. the risk/reward is too great on this
Posted by Squire38 on :
I have a mirror trade question. It seems that everytime a 0.0003 trade goes through an identical trade of 0.0002 is on top, leaving the PPS to remain at 0.0002 vice 0.0003. Can anyone explain this to me?
Posted by JOELGA on :
Bid back up to 0002. Looks like the MM's had this held down pretty much all day to get shares. Can expect the same tomorrow until the afternoon when this thing will hopefully take off. And it would be great if Pearl released a pr at the same time!
Posted by TroyAnalysis on :
crazy.. still trades going by
Posted by dkinvest on :
quote:Originally posted by TroyAnalysis: crazy.. still trades going by
ya, a bunch a 9M'ers. What is going on?
Posted by bobcat88 on :
remember last week when I said people were picking up blocks of 9 mil, most likely those were the shorts. Dont know how they are trading them after hours though.
Posted by jermarksey on :
how come i can never buy at the bid price i always have to buy at the asking price.
Posted by TroyAnalysis on :
could they be covering at bid? it was .0002 up into the close..
Posted by pay up on :
quote:Originally posted by jermarksey: how come i can never buy at the bid price i always have to buy at the asking price.
because everyone else had their bid in at the bid price before you and most don't want to sell at the bid price
Posted by SuperSniper00 on :
432m went through between 16:08 and 16:14 all 9m block trades. Looks like the MMs trying to squirt by with cheap shares at EOD.
Posted by eze on :
I hope we have an uptick tomorrow.
Posted by CTMum on :
I think this will go up tomorrow, since I got out today!!
I am like the George Castanza of trading, just do the opposite of what I do.
Posted by pay up on :
quote:Originally posted by CTMum: I think this will go up tomorrow, since I got out today!!
I am like the George Castanza of trading, just do the opposite of what I do.
Well then thanks for getting out. If it goes up cause you got out we'll all have to buy you a beer.
Posted by TroyAnalysis on :
SuperSniper00 i was just told that mm's can only cover by buying the ask. is this true they can not sit bid and collect shares being sold to buy back that way? i sure would like to think that all those 9 Mill. blocks EOD somehow were them covering their naked a**es...
Posted by adlai on :
WOW... this form is a little different than two days ago... Who sold out at .0006... LMAO.
Posted by Ripler on :
well i tried... i need tomorrow to go to .0005-6 so i can sell and ride some free shares
Posted by pay up on :
Ripler,Now you are really dreaming. I got in a while ago at .0002 and would be satisfied to get ot at .0003.
Posted by Ripler on :
^^ yes that might seem to be the case tomorrow for me
Posted by adlai on :
If you saw this one coming... let me hear a f*** yeah...
Sorry for being so harsh, but in earlier posts some people were saying that I was a "freakin' joke."...
Looks like I was right on the money... not to mention I still have my money... ROTFLMAO.
Posted by Ripler on :
*** If i bought out now, would i still get the divys?
Posted by pay up on :
no you wouldn't get the, worthless, divys if you sold now.
Posted by adlai on :
I apologize.
Posted by adlai on :
"Worhtless"... Who said this stock was worthless?
Oh... I DID!... A week ago... LMAO
Posted by Max Shrap on :
People that got in at .0001 shouldn't panic on this one. As negative as I have been on PAIM, even *I* think there are gonna be plenty of opportunities to get out of it when the heat cools a bit. If it doesn't explode in the next few days, it will be up and down at least a tick all year until the last quarter when they get the production facilities built. Then, there is potential for a HUGE run.
Posted by pay up on :
quote:Originally posted by adlai: "Worhtless"... Who said this stock was worthless?
The new shares are under a new symbol and can't even be traded. Their value will be something like .0000001 or less. So upon issue they are worthless.
Oh... I DID!... A week ago... LMAO
Posted by Ripler on :
so tomorrow there is not going to be much change eh?
Posted by Dr. Evil on :
quote:Originally posted by adlai: "Worhtless"... Who said this stock was worthless?
Oh... I DID!... A week ago... LMAO
I understand your frustration, I hate the weekend pumping too, and people magically showing up who are friends with the CEO, and predict $1, and claim to be from Saudi Arabia where people are opening accounts just for a worthless penny, etc...
...but that doesnt mean you can't still make good money. All of these pennies are worthless, but buy low and sell high and dont get left holding the bag.
Posted by pay up on :
Dr. Evil, I'm talking about the new divy shares being worthless. Of course our paim shares aren't worth much either right now.
Posted by Dr. Evil on :
Yeah, those are REALLY worthless, but their free worthless
If the shares would come in roll format, I could use them in my bathroom.
Posted by Max Shrap on :
IMO it could go either way. One thing that I can guarantee, is a huge volume in the multi-billions. But, then again, it don't take a genius to predict that.
quote:Originally posted by Ripler: so tomorrow there is not going to be much change eh?
Posted by 7 of 9 on :
Actually guys, i think
1) its cool that i own 2% of the float of PAIM. Im a major stockholder!
2) im going to love my 100b divy shares. they will be true "free" shares as i did absolutely nothing to get them. maybe i can sell them or not. trust me my orders will be in before yours. im just not sure my acct. can hold that many. might need several accounts maybe boys?
7
XOXOXOXOXO
Posted by pay up on :
quote:Originally posted by Dr. Evil: Yeah, those are REALLY worthless, but their free worthless
If the shares would come in roll format, I could use them in my bathroom.
You mean in rolls to paper the wall or in small rolls to wipe your butt?
Posted by Gurgle Smurf on :
PAIM chat session tonight, 9PM EST.
Note: you must download paltalk in order to participate in tonight's chat session.
The following is a copy paste
--- begin copy paste ---
We now have our very own Paltalk room for our live company representative interviews.
The new room is called Traders Corner Live and is found in the Business Finance section of Paltalk.
We will announce the date and time for all live company representative interviews in this forum along with the password for that interview.
The Paltalk password will be changed for each interview, so you must come back here to get new password.
The current password for is “ tchat “ without the quotes.
I will leave the room open for now so everyone can get use to it
--- end copy paste ---
Posted by SuperSniper00 on :
I don't see the chat room listed.
Posted by adlai on :
Dr. Evil... All this last week I have been saying... "Sell out at .0002, take your 100% gain and get out." I know there WAS some money to be made, damn, it was a nice double up... But I was upset that some people were encouraging newbies to buy in at .0003 or even .0004... I really am excited for those of you that took your money and ran and are riding on free shares. Congrats... Adlai_
Posted by Dr. Evil on :
quote:Originally posted by adlai: Dr. Evil... All this last week I have been saying... "Sell out at .0002, take your 100% gain and get out." I know there WAS some money to be made, damn, it was a nice double up... But I was upset that some people were encouraging newbies to buy in at .0003 or even .0004... I really am excited for those of you that took your money and ran and are riding on free shares. Congrats... Adlai_
I'm agreeing with you, ride the free shares. Too many people get caught i the hype and forget to protect their $$. And I don't consider .0001 to be free shares, it could go to .00000000.
And to the question a few back, the rolls would not be to wallpaper the bathroom Posted by J_U_ICE on :
The chatroom is full with a total of 10 members. what a joke!!!!!!!!!
Posted by J_U_ICE on :
SuperSniper maybe you will have better luck than I. Go to paltalk.com business/finance section and click on investment and "trade corner live" is one of them
Posted by plni on :
only ten people at a time wonder who planed that useless s##t
Posted by J_U_ICE on :
Why even promote a live chat when only 10 can enter it. That's some serious BS
Posted by TroyAnalysis on :
yea crazy why not the same chat at Traders Corner.. worked fine the other day...
Posted by SuperSniper00 on :
Ill ask questions if you guys have any.
Posted by J_U_ICE on :
Was there any new info or anything that surprised you in the chat?
Posted by moosehead9nc on :
not yet, but its still going
Posted by Ripler on :
Anything of relative importance from the chat should be posted here!
Posted by moosehead9nc on :
i think it went pretty well, im cancelling my sell order
Posted by heynow on :
moosehead
Can you let us know some of the kep topics that where discuss and explained. You Said it went pretty well. Can you explain what you thought went well.
Posted by SuperSniper00 on :
equipment is in san fran waiting to be shipped to the philippines.
the trees are mahogeny and will be saved and sold later
rick is going to the PI in april to take pictures of the area and the mine, he is getting his passport taken care of tomorrow
PR due out sometime this week, assay report
the dividend was not intended to screw the shorts, it just happened like that, with themix up between the PRs pearl wanted to honor what was put out and went through with the dividend
supposedly MMs have been calling ricks home phone and asked him if they were going through witht he div, he said yes and the MM slammed the phone down
in may rick is going to meet with jim laird, engineer for the canadian mines pearl owns
pearl is paying for project costs out of pocket
rick told pearl he thinks company is undervalued and should be worth .03-.05
Posted by Ripler on :
ya i heard some of those comments aswell in the chat.. however even though some of them sound really good, it has to be mentioned that LOTS of questions during the chat were no answered by Rick for whatever reasons and there is, obviously, lots of doubts to the "correctness" of the statements that were made.
Posted by SuperSniper00 on :
well he is only an investor relations guy not a spokesperson who knows everything about the company.
we need to talk to pearl for that
Posted by tmanfromtexas on :
Ripler Member
Member Rated: posted March 13, 2006 19:31 -------------------------------------------------------------------------------- Anything of relative importance from the chat should be posted here!
Ripler Member
Member Rated: posted March 13, 2006 23:17 -------------------------------------------------------------------------------- ya i heard some of those comments aswell in the chat.. however even though some of them sound really good, it has to be mentioned that LOTS of questions during the chat were no answered by Rick for whatever reasons and there is, obviously, lots of doubts to the "correctness" of the statements that were made.
I hate to get into a peeing contest so I have only one question to Ripler, Were you too lazy to post what you heard in the chat room for the rest of us that couldnt listen in or are bashing? The board wants to know.
Posted by eld24 on :
XYZ Operation Gold Finger to Yield Estimated Total Annual Gross Revenues of $157,236,600.00 USD from the 50 Metric Tons Per Day Small-Scale Mining Operations of Pearl Asian Mining Industries, Inc. (PAIM) Business Wire - March 14, 2006 08:00
PASIG CITY, Philippines, Mar 14, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC:PAIM) released today the second geo-survey and assay report. The report was conducted by Ostrea Metal Laboratory, Inc., a renowned Philippines chemical assay company, and completed on January 7 -- R.A. No. 32749. This second gold and silver assay report from the samples of two tunnels and selected trenches of the XYZ gold mine site shows rich gold ore reserves.
he XYZ Operation Gold Finger located in the Town of Baleno, Island of Masbate, Philippines, shows the following high-grade gold ores.
O GOLD SILVER COPPER REHABILITATE SAMPLE (GPT) (PPM) (PPM) 2006 ---------------------------------------------------------------------- Tunnel 4 IR 0.31 g 1.99 8.59 TBD ---------------------------------------------------------------------- Tunnel 4 2R 0.96 g 7.96 93.84 TBD ---------------------------------------------------------------------- Tunnel 4 7R 0.57 g 4.71 9.24 TBD ---------------------------------------------------------------------- Tunnel 3 2R 94.20 g 608.28 103.09 YES ---------------------------------------------------------------------- Tunnel 3 3R 49.44 g 242.57 25.56 YES ---------------------------------------------------------------------- Tunnel 3 5R 37.36 g 17.46 12.62 YES ---------------------------------------------------------------------- XYZ-GA 3R 8.57 g 17.46 12.62 TBD ---------------------------------------------------------------------- XYZ GA 4R 3.97 g 48.59 27.54 TBD ---------------------------------------------------------------------- XYZ GA 022 5.51 g 12.50 6.45 TBD ---------------------------------------------------------------------- XYZ AG 027 2.10 g 20.51 76.96 TBD ----------------------------------------------------------------------
Pearl Asian Mining continues its preparation to develop the infrastructures of the XYZ Gold Mine Site. The XYZ Gold Team soon will start to rehabilitate the tunnel #3, operating at 50 metric tons per day, where the occurrence of the high-grade gold ores were identified and documented.
Rich gold samples from Tunnel 3 were assayed at 37.35 grams per ton, 49.44 grams per ton and 94.20 grams per ton, giving an average of 60.33 grams per ton.
A. The estimated average of the assay result from Tunnel 3 is 60.33 grams per ton of gold ore and can produce an output of approximately 15,083 grams of gold per day at 30-day month production (15,083 X 30 days) the output of 452,475 grams or 14,596 Troy Ounces (app. 1 gram = 31 Troy Ounce) which is equivalent to $7,298,000 USD per month at a selling price of $500.00 per Troy Ounce.
B. Annual Gross Revenue (AGR) from the gold production to be $87,576,000.00 USD ($7,298,000 X 12). This estimated gold production does not include the sales of silver and other minerals.
C. PAIM's macroscopic plan for the whole Masbate Island because of its rich gold potential is implementing the Community Mining Assistance Program (CMAP) and improved production capability of the Community Small Scale Miners. PAIM is expecting to acquire additional income at a minimum of 12 kilograms or approximately 387 Troy Ounces of gold, which is estimated to produce a gross revenue of approximately $193,500.00 USD.
D. The $193,500 gross revenue per day ($193,500 X 30 days) is estimated to be $5,805,000.00 USD per month to give an annual gross revenue ($5,805,000 X 12) of $69,660,000.00 USD from the community's Small Scale Mining Assistance Program.
E. XYZ Operation Gold Finger will yield an estimated total annual gross revenue of $157,236,600.00 USD ($87,576,000 + $69,660,000). This excludes the income anticipated to result from the sales of silver and other precious metals.
Should the current mining engineering plans continue to be on target, the scheduled income revenue will start to flow during the last quarter of 2006 and early 2007 then on.
Forward-Looking Statements
Posted by keysmoon on :
What will this do to the share price?
Posted by dkinvest on :
quote:Originally posted by keysmoon: What will this do to the share price?
200 bagger
Posted by lukin4winners on :
Great NEWS out today on the assay. Great timing this one should uptick nicely today . With volume there is no limit if traders want to get in before the xdivi date which is today before market close
Posted by tmanfromtexas on :
well it hasnt affected the bid/ask but i hope dk is right with a 200 bagger. TMAN...
Posted by 7 of 9 on :
200 bags will force me into retirement
then u guys will never get rid of me
Posted by positivearn on :
Realistic price for today 7 of 9?
Posted by fishfarmer on :
This IS a gold mine boys and girls!! My favorite color!!
Posted by tmanfromtexas on :
i am with you 7, dont always agree with ya, but we would both be in fine shape if that happened. TMAN...
Posted by plni on :
ladies adn gentle men start your engines$$$$$ today is race day
Posted by optimizer_78 on :
worth pennies now
Posted by keysmoon on :
I thought this would move more than 50% increase. What is going on?
Posted by pay up on :
people aren't interested in getting the new shares since they may never be worth anything. Also it will be a while before any gold is mined.
Posted by DIGDOUGH on :
The ore assay is good news for those who want to hold some of this. They even gave the name of the assay company.ore
Posted by DIGDOUGH on :
People keep saying that the divy shares are worthless, but if they are reverse split down the road they could have some value.IMO Pearl said that in her chat the other day.
Posted by Squire38 on :
NITE moved off 0.0003 and now at 0.0004
Posted by dkinvest on :
What's this POS gonna do today?
Posted by DIGDOUGH on :
Volume is approaching a billion, isn't it like 5bil in the float. Hold out for a higher sell price guys.
Posted by dkinvest on :
quote:Originally posted by DIGDOUGH: Volume is approaching a billion, isn't it like 5bil in the float. Hold out for a higher sell price guys.
How high? Is today the day this thing is suppose to fly?
Posted by fishfarmer on :
Just say 5000 trade. I lost my copy of the MM signal code. Would someone please repost that?
Posted by megahead34 on :
Wow, 1 billion in less than an hour.
Posted by DIGDOUGH on :
personally I am hoping it will get to .0005, I guess theres half a chance. It's still early.
Posted by lostone on :
quote:Originally posted by fishfarmer: Just say 5000 trade. I lost my copy of the MM signal code. Would someone please repost that?
if i were an MM and knowing other ppl know my code, wouldn't i wanna change it?
Posted by DIGDOUGH on :
Theres some huge trades going down, but I don't know if they're buys or sells.
Posted by TroyAnalysis on :
we've now gained 2 mm's today..
Posted by Thomas Mick on :
Mostly buys
Posted by dkinvest on :
ZZZZZZZZZZZZzzzzzzzzzzzz(snore)zzzzzzzzzzzzz. Someone wake me up when it hits .001
Posted by JOELGA on :
How many bazillion shares do we need to go through before we hit 0004 ? lol
Posted by BigRob on :
Another 20,30,40, 50 years we could see .01 TARGET! JMHO
Posted by cactus33 on :
how much more can we jinx this baby? Every other thread talks about .0008 plus????
all the while PAIM just dropped to .0002
do you know how long this thing sat at .0001?
what do you expect a 1000% gain in a day??
chill.. the more we talk about it going to the moon the less chance it has.
IMO
Posted by dkinvest on :
"what do you expect a 1000% gain in a day??"
Uh, Ya.
Posted by optimizer_78 on :
quote:Originally posted by BigRob: Another 20,30,40, 50 years we could see .01 TARGET! JMHO
only low lives will post this kind of comment..may be a paid basher?
Posted by BigRob on :
Does Pearl need some hired hands, I have a shovel it that will help.
Posted by cottonjim on :
The way people have talked about this day you would think it was the second coming or something.
Posted by DIGDOUGH on :
It is only the beginning of signs,
The bid is at .001, is somebody thinking people just want to give this back. Not at that price, i'll keep them first.
Posted by dkinvest on :
quote:Originally posted by DIGDOUGH: It is only the beginning of signs,
The bid is at .001, is somebody thinking people just want to give this back. Not at that price, i'll keep them first.
My bid shows .0001 - If it hits .001, I selling this turd.
Posted by DIGDOUGH on :
.001 would be some good bank.
Posted by Thomas Mick on :
I just put in an order to buy 2 million more shares at .0001. Let's see if the order gets filled!
Posted by madmoney on :
I have been trying to call the T/A all morning, keep getting a message, no one is available to take my call. with the volume this has had i want to know if the O/S has gone up. need to bolt, anyone else want to try, here is the number. - 416-907-3118.
Posted by DIGDOUGH on :
I had one in all morning and nothing happened. We're probably the ones making the .0001 bid. My sell orders are higher of course.
Posted by DIGDOUGH on :
I was hoping this would make a run like bkmp did just before the divy on that. It was kicking ass.
Posted by dkinvest on :
quote:Originally posted by DIGDOUGH: I was hoping this would make a run like bkmp did just before the divy on that. It was kicking ass.
Was their divy for "real" shares or "worthless" shares, like this one.
Posted by cactus33 on :
PAIM .0003 im ready for the action : )
Posted by ohio_trader on :
glad i dumped 80% of my shares at .0003 last week
Posted by DIGDOUGH on :
Their shares were for snyy (suncrest energy)which has merged with Amorossi oil (AMSN). It was an F/S of 1 share for every 6 bkmp. Which was actually FCDH at the time. They are at .25 right now, but restricted for a year. Don't know what it will be like then.
Posted by plni on :
i think i see a small problem with the communication,read the first paragraph of release on yahoo it says march 17th.if you own on march 17th you will get your prefeered shares. im i reading this right
Posted by dkinvest on :
quote:Originally posted by DIGDOUGH: Their shares were for snyy (suncrest energy)which has merged with Amorossi oil (AMSN). It was an F/S of 1 share for every 6 bkmp. Which was actually FCDH at the time. They are at .25 right now, but restricted for a year. Don't know what it will be like then.
So they are tradeable. Well, there you go. That is probably why this thing aint movin'.
Posted by DIGDOUGH on :
No they're not tradable , they're restricted. Maybe people like black gold more than all the gold in Fort Knox. Just guessing.
quote:Originally posted by dkinvest:
quote:Originally posted by DIGDOUGH: Their shares were for snyy (suncrest energy)which has merged with Amorossi oil (AMSN). It was an F/S of 1 share for every 6 bkmp. Which was actually FCDH at the time. They are at .25 right now, but restricted for a year. Don't know what it will be like then.
So they are tradeable. Well, there you go. That is probably why this thing aint movin'.
Posted by DIGDOUGH on :
What page are you on? Got the link.?
quote:Originally posted by plni: i think i see a small problem with the communication,read the first paragraph of release on yahoo it says march 17th.if you own on march 17th you will get your prefeered shares. im i reading this right
Posted by BigRob on :
Black Gold, Gold Gold, all I know is PAIM is tossing up Gold TURDS! What happened to all the Short Selling hype!
Posted by dkinvest on :
quote:Originally posted by DIGDOUGH: No they're not tradable , they're restricted. Maybe people like black gold more than all the gold in Fort Knox. Just guessing.
quote:Originally posted by dkinvest:
quote:Originally posted by DIGDOUGH: Their shares were for snyy (suncrest energy)which has merged with Amorossi oil (AMSN). It was an F/S of 1 share for every 6 bkmp. Which was actually FCDH at the time. They are at .25 right now, but restricted for a year. Don't know what it will be like then.
So they are tradeable. Well, there you go. That is probably why this thing aint movin'.
What I meant was they are worth more than .00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000001 !!
Posted by bobcat88 on :
ARMEGEDON!!!!!!!!
Posted by dkinvest on :
quote:Originally posted by BigRob: Black Gold, Gold Gold, all I know is PAIM is tossing up Gold TURDS! What happened to all the Short Selling hype!
SHAME on PAIM!
Posted by finalwish on :
even with great news, it is not showing much movement, kinda strange?
Posted by DIGDOUGH on :
Ya they're worth more. The unrestricted ones are trading at .024. a couple of hundred k divy on paper.
Posted by DIGDOUGH on :
maxsharp was wondering if they upped the o/s. I called the number and got a recording also.
Posted by dkinvest on :
Look at this POS - bid 0001 ask 0002
Pathetic, totally pathetic.
Posted by BigRob on :
let's just digest this moment, and give thanks to those we care so deeply about MEDITATE, MEDITATE! F(&*&$%(%&$ SORRY NO GOOD POS!
Posted by dkinvest on :
"MEDITATE, MEDITATE!" = MM
Posted by Ripler on :
this lot is really bothering me... lets see if its even going to fly at days end..
Posted by DIGDOUGH on :
*** DIVIDEND IS COMFIRMED ****
Ex Date: 03/15/2006
Record Date: 03/17/2006
Payment Date: 03/31/2006
+1000 shares of Pearl Asian Mining Industries Inc (WY) Preferred Stock for each share held.
Alrighty then, BUY, BUY, BUY!!!!!!!!
Posted by Ripler on :
why why why
Posted by BigRob on :
DIE!.................DIE!..............DIE!
Posted by smalltime on :
Cry......cry...........cry........
Posted by DIGDOUGH on :
FLY...FLY........FLY
Posted by BigRob on :
Does anyone know what the price of SH*T is these days because I own alot of it.
Posted by JOELGA on :
Its worth a whopping .0001
Posted by smalltime on :
I'm trying to buy more * .0001 but I can't get any.......
Posted by DIGDOUGH on :
It's starting to look like i'll have to sit on these till the gold starts getting pulled out of the ground.
Posted by smalltime on :
Grab your picks and shovels.........
Posted by J_U_ICE on :
I just got back to the computer WHAT THE HELL HAPPENED
Posted by Ripler on :
quote:Originally posted by smalltime: I'm trying to buy more * .0001 but I can't get any.......
people like you keeping this baby down
Posted by smalltime on :
If you want to buy high, go right ahead......
Posted by smalltime on :
The way I learned it your supposed to buy on the dip and sell high!!!!!!!!!!!!!!!
Posted by JOELGA on :
This reminds me of CWFG when they did a forward split. Everyone got all hyped up and it went nowhere. Just gonna have to patiently wait this one out folks. Hopefully they find a two ton gold nugget or something!
Posted by PCola77 on :
How is he keeping it down at all? If he was SELLING at .0001 he'd be keeping it down. I could have a buy order for Google at .0001, it doesn't mean a damn thing unless someone sells it to me at that price
quote:Originally posted by Ripler:
quote:Originally posted by smalltime: I'm trying to buy more * .0001 but I can't get any.......
people like you keeping this baby down
Posted by cottonjim on :
Funny thing about life, I woke up this morning an optimist, i'm going to lunch a pesimist.
Posted by dkinvest on :
LMAO (With 6M free Sh*t shares)
Posted by dkinvest on :
quote:Originally posted by PCola77: How is he keeping it down at all? If he was SELLING at .0001 he'd be keeping it down. I could have a buy order for Google at .0001, it doesn't mean a damn thing unless someone sells it to me at that price
quote:Originally posted by Ripler:
quote:Originally posted by smalltime: I'm trying to buy more * .0001 but I can't get any.......
people like you keeping this baby down
Google PPS = PAIM PPS - Now that's funny.
Posted by SUZYBLAIR on :
IF I BUY THIS STOCK THAY ARE GOING TO GIVE ME MORE SHARES LATER ON? BUT YOU GUYS ARE SAYING THAT THAY ARE NOT WORTH NOTHING. SO ITS NOT WISE TO BUY?
Posted by DIGDOUGH on :
almost 2 billion burgers served.
Posted by dkinvest on :
quote:Originally posted by DIGDOUGH: almost 2 billion burgers served.
make that sh*t burgers
Posted by DIGDOUGH on :
Would you like flies with that?
Posted by dkinvest on :
Supersize me.
Posted by DIGDOUGH on :
Its funny watching some of these stocks. I think some of these guys buy into them at a slightly higher price, just so it will look like its gonna run.
Posted by kilikili on :
sh*t burgers give me the runs
Posted by dkinvest on :
PAIM Shares = Sh*t burgers Divy Shares = MEGA Sh*t burgers
Posted by kilikili on :
They're the best!
Posted by dkinvest on :
My plate runneth over with Sh*t burgers.
Posted by keysmoon on :
come on guys.....
Those **** burgers could just transform into Filet Mignon with a nice bernaise sauce over night....
CHILL...and ride the wave...
Posted by SuperSniper00 on :
Maybe you guys didn't read the PR right...
Estimated Total Annual Gross Revenues of $157,236,600.00 USD
How many of these s**t OTC stocks pump out that sort of cash?? This time next year I'll be retired and I'll be laughing at you all.
Posted by Ripler on :
.0001 seen :S
Posted by kilikili on :
That's why I love 'em!
Posted by smalltime on :
Got any ketchup for my sh*t burger?
Posted by Ripler on :
why is this going bcack to.0001 ?
Posted by smalltime on :
All this sh*t talk is making the stock jump!!! Keep it up..............
Posted by SuperSniper00 on :
Try looking up Ostrea MINERAL Laboratory instead of Ostrea Metal Laboratory and you get a ton of hits. They were the company that did the assay report.
Ostrea Mineral Laboratories, Inc. Address :Manila City, Metro Manila, Philippines Telephone No: (632) 562-7721, 563-2518, 563-2536, 562-9833
Posted by WMRP on :
Sorry, I am new to this and learning, When the stock, When the when we get the 1000 to 1 preferred stock, Can we stll trade this stock like common stock. Or is it non tradable.
Posted by keysmoon on :
we're back up 50% so swallow those s**t burgers and get ready for some real food
Posted by keysmoon on :
damn..back to the s**t burgers
Posted by smalltime on :
YUM................................
Posted by dkinvest on :
My teeth aren't yellow, they're BROWN.
Posted by SuperSniper00 on :
My teeth are going to be GOLD because I'll be eating lumpia and gold burgers. I'm gonna have to change my name to King Midas.
Posted by kilikili on :
Mabuhay SuperSniper!
Posted by SuperSniper00 on :
MABUHAY!
Posted by dkinvest on :
quote:Originally posted by SuperSniper00: My teeth are going to be GOLD because I'll be eating lumpia and gold burgers. I'm gonna have to change my name to King Midas.
Probably not in this decade.
Posted by kilikili on :
Going to eat my sh*tburgers with adobo, diniguan, halo-halo with Anne Curtis at Misibis Beach.
Posted by SuperSniper00 on :
Probably next year when the gold starts coming out of every orfice on pearls sweet gold mining body and the next dividend will be paid in gold coins.
Posted by dkinvest on :
quote:Originally posted by kilikili: Going to eat my sh*tburgers with adobo, diniguan, halo-halo with Anne Curtis at Misibis Beach.
Ya, maybe you can open up your own restaurant chain:
PAIM's Sh*tburgers
Posted by Ripler on :
i hope it hits .0004 today
Posted by kilikili on :
quote:Originally posted by dkinvest:
quote:Originally posted by kilikili: Going to eat my sh*tburgers with adobo, diniguan, halo-halo with Anne Curtis at Misibis Beach.
Ya, maybe you can open up your own restaurant chain:
PAIM's Sh*tburgers
Very good! Make them, and they will buy!
Posted by timstl on :
ok while this is amusing and all, could someone explain to me the reason PAIM is not moving even with such a high volume? I wasn't it expecting it to skyrocket like some where, but I'm surprised we haven't touched .0005 at all, and harldly 0004. are there just too many sells happening at 3?
Posted by dkinvest on :
quote:Originally posted by timstl: ok while this is amusing and all, could someone explain to me the reason PAIM is not moving even with such a high volume? I wasn't it expecting it to skyrocket like some where, but I'm surprised we haven't touched .0005 at all, and harldly 0004. are there just too many sells happening at 3?
That is why they are called "Sh*t burgers"!!!
Posted by timstl on :
quote:Originally posted by dkinvest:
quote:Originally posted by timstl: ok while this is amusing and all, could someone explain to me the reason PAIM is not moving even with such a high volume? I wasn't it expecting it to skyrocket like some where, but I'm surprised we haven't touched .0005 at all, and harldly 0004. are there just too many sells happening at 3?
That is why they are called "Sh*t burgers"!!!
haha. ok, but i was looking for more of a technical explanation. trying to learn as much as i can.
Posted by Teknical_D on :
Could be the MM's accumulation, They have gotten a steal at .0001 and .0002 and have a great many to unload on the way.
Posted by kilikili on :
Today is the last day to get dividends.
No dividends on your sells.
1000 x per share when you buy.
Posted by Ripler on :
if this baby doesnt go up a bit more im going to go get my gun!
Posted by plni on :
make sure you shoot the right guy
Posted by Ripler on :
as a responsible buyer it will be pointing in only one direction > my eye
Posted by dkinvest on :
Come on people, sing it now:
PAIM, stuck at 1 forever, this thing will never fly, HIGH.
Posted by zowwie438 on :
Well... To all SH*T Burger eaters....
Here is a company out of Canada who also mines on the same Island that PAIM just released it's stats for. Source: (Most recent press release by PAIM) XYZ Operation Gold Finger located in the Town of Baleno, Island of Masbate, Philippines, shows the following high-grade gold ores.
The island name is: Masbate Island
Also... Pull up the financials for THT. They are reporting MAJOR losses per year, but even though... Their stock is a little over 11K per share!!!
So.. I will enjoy my sh*t burgers, peanuts and all.
So... To summarize. Another mining company in the same region is reporting the following quotes: London: 16 per share.
Mmmmmmm... My sh*t burgers are yummy!
Zow
Posted by Ripler on :
^ in english please
Posted by dkinvest on :
"So.. I will enjoy my sh*t burgers, peanuts and all."
I trade you my sh*t burgers with corn for some of your sh*t burgers with peanuts.
Posted by BigRob on :
THT did not pull up!
Posted by kilikili on :
quote:Originally posted by dkinvest: "So.. I will enjoy my sh*t burgers, peanuts and all."
I trade you my sh*t burgers with corn for some of your sh*t burgers with peanuts.
Oh DK.
Nagpapasalamat po ako sa inyong napakalaking tulong sa amin.
If you only knew. Posted by Ripler on :
kurwa
Posted by keysmoon on :
Are you sure those s**t burgers didn't have mad cow disease?
Posted by dkinvest on :
Sh*t burgers....Yum, yum....chew, chew, chew.....Burp!....mmmmm, mmmmmm, Good!!!!!!!
Posted by smalltime on :
Sh*t burgers on masterbate island!! WOW!!!!!!!!
Posted by DIGDOUGH on :
I don't know what it means, but for each trade at.0002, theres an identical one at .0003. Something the MMs are controling as usual.
Posted by dkinvest on :
Sale on Sh*t burgers:
Buy one, get 1000 free!!!
Posted by Bottomliner on :
quote:Originally posted by DIGDOUGH: I don't know what it means, but for each trade at.0002, theres an identical one at .0003. Something the MMs are controling as usual.
Has anyone been able to buy at .0002? I've been trying for 2 days. Ameritrade shows the low today at .0001, but I cannot believe that.
Oh well ... I have mixed feelings about the company anyway.
Posted by pay up on :
I've tried selling at.0002 and can't even though the price has been up to .0003
Posted by Bottomliner on :
quote:Originally posted by pay up: I've tried selling at.0002 and can't even though the price has been up to .0003
Yep ... that is interesting.
I'm trying to buy at .0002 and can't ... you're trying to sell at .0002 and can't. Too bad we can't just swap.
But like I said, I have mixed feelings about the company and just wanted to gamble a bit.
Posted by CTMum on :
Took me two days to sell at .0002, but it went thru on two fills.
Posted by pay up on :
I just have a feeling that this won't go anywhere until they actually mine gold and get some $$ for it, unless something else comes out.
Posted by pay up on :
CTMum, how many shares did you sell. I'm trying to sell 3 mil
Posted by cactus33 on :
your selling right now?
LMAO
JMHO
Posted by DIGDOUGH on :
B/L you know i'm not an expert, but it appears to me that the MMs have total control. Buying at 2,1. Selling at 3.
quote:Originally posted by Bottomliner:
quote:Originally posted by DIGDOUGH: I don't know what it means, but for each trade at.0002, theres an identical one at .0003. Something the MMs are controling as usual.
Has anyone been able to buy at .0002? I've been trying for 2 days. Ameritrade shows the low today at .0001, but I cannot believe that.
Oh well ... I have mixed feelings about the company anyway.
Posted by pay up on :
quote:Originally posted by cactus33: your selling right now? LMAO JMHO
Yes, if I can. this stock will only sink back to .0001 IMO oh look, it dropped to .0001 while I was typing.
Posted by CTMum on :
Payup: I had 3 mil as well. Happily took 100%. If I could do that on every trade I would be one happy housewife.
Posted by cactus33 on :
better sell at .0001 before it goes lower...
Posted by pay up on :
quote:Originally posted by CTMum: Payup: I had 3 mil as well. Happily took 100%. If I could do that on every trade I would be one happy housewife.
I thought I'd sell this and put the $ into xkem are you a Conneticuit Mom?
Posted by cottonjim on :
They should re-name this stuff PAIN for all the anxiety that it created.
Posted by WMRP on :
I was able to buy 500K at .0002 this morn. But have not been able to buy since
Posted by cactus33 on :
cotton, that was funny....
peace
Posted by cactus33 on :
its a joke that it went to .0001
been like 2 .0001 sales all day that i saw
half of the thread is amazed that its not flying while the other half obsesses on selling at .0002
?
Posted by dkinvest on :
quote:Originally posted by cactus33: its a joke that it went to .0001
been like 2 .0001 sales all day that i saw
half of the thread is amazed that its not flying while the other half obsesses on selling at .0002
?
What more do you want from just a bunch of Sh*t burger eaters?
Posted by zowwie438 on :
All,
If you thought investing in a gold mining operation that hasn't even started to mine gold was going to make you rich or at least turn a significant profit... You were mistaken.
Most of us got in at .0001 and with that kind of investment, I would consider this a long if you only picked up a few million shares.
For those of you who gobbled up 10-30 mil shares and expected to turn a profit in a week... I guess old man greed got the best of you.
This is like one of those long movies that just keep dragging on... We will figure out the plot soon enough.
What are my retirement plans you may ask?
I think once this cash cow comes to market (mad cow disorder or not)... I will start a gold tooth/white T shirt business in the hood. I may event start renting rims and spinners as well.
Maybe even a full service "hood station" bail bonds, firearms, gold teeth, colt 45, white T's and spinners.
Zow
Posted by BigRob on :
There's a new symbol: GIMBY they are mining as we speek, hop on we'll probably beat PAIM to the gold...
Sincerely, RJ PICKER GIMBY---(Gold In My Backyard Corp.)
Posted by dkinvest on :
quote:Originally posted by zowwie438: All,
If you thought investing in a gold mining operation that hasn't even started to mine gold was going to make you rich or at least turn a significant profit... You were mistaken.
Most of us got in at .0001 and with that kind of investment, I would consider this a long if you only picked up a few million shares.
For those of you who gobbled up 10-30 mil shares and expected to turn a profit in a week... I guess old man greed got the best of you.
This is like one of those long movies that just keep dragging on... We will figure out the plot soon enough.
What are my retirement plans you may ask?
I think once this cash cow comes to market (mad cow disorder or not)... I will start a gold tooth/white T shirt business in the hood. I may event start renting rims and spinners as well.
Maybe even a full service "hood station" bail bonds, firearms, gold teeth, colt 45, white T's and spinners.
Zow
I think a lot of people bought into the MM-short sell cover hype. But those who bought at .0001 played it smart, they should just be riding on free shares by now.
Posted by pay up on :
quote:Originally posted by BigRob: There's a new symbol: GIMBY they are mining as we speek, hop on we'll probably beat PAIM to the gold...
Sincerely, RJ PICKER GIMBY---(Gold In My Backyard Corp.)
I can't find a gimby symbol
Posted by pay up on :
Maybe that was MDGM. I have that but today it didn't show up as MDGM. It shows as 602661100 what's up with that?
Posted by dkinvest on :
quote:Originally posted by BigRob: There's a new symbol: GIMBY they are mining as we speek, hop on we'll probably beat PAIM to the gold...
Sincerely, RJ PICKER GIMBY---(Gold In My Backyard Corp.)
Are GIMBY shares worth more than .00000001?
Posted by pay up on :
if it was MDGM it was trading at.12 It did a reverse split so I hold a whopping $12.worth
Posted by IceCold on :
XYZ Operation Gold Finger to Yield Estimated Total Annual Gross Revenues of $157,236,600.00 USD from the 50 Metric Tons Per Day Small-Scale Mining Operations of Pearl Asian Mining Industries, Inc. (PAIM)
What is this PR Supposed to do for PAIM??? FLY... or
Posted by pay up on :
I was able to buy 500K at .0002 this morn. But have not been able to buy since
Posted by WMRP on :
Hey I found gold in my tooth, Anyone wanna give me .0001 for it. And I will throw in an extra 1000 teeth.
Posted by Max Shrap on :
It's an OBVIOUS attempt to pump the stock. They are probably gonna put out that SAME PR every other week to get more "fish to bite." The most important part of the PR is that they are not going to be ready to get any of that gold out of the ground 'til the end of the year. This is a stock I will be watching all year and may consider getting in at the last quarter, if it isn't exposed as a scam before then.
quote:Originally posted by IceCold: XYZ Operation Gold Finger to Yield Estimated Total Annual Gross Revenues of $157,236,600.00 USD from the 50 Metric Tons Per Day Small-Scale Mining Operations of Pearl Asian Mining Industries, Inc. (PAIM)
What is this PR Supposed to do for PAIM??? FLY... or
Posted by TroyAnalysis on :
The Ex-Dividend Date is the most significant date to keep in mind. The ex-dividend date is the first day a stock trades without a declared dividend. The price of the stock is adjusted prior to market open on the ex-dividend date to reflect the price without the value of the dividend. Shares that are purchased on or after the ex-dividend date are purchased at this lower price and, therefore, are not entitled to the dividend payment. Shareholders who sell their shares prior to the ex-dividend date sell the shares with the dividend still attached; in other words, they sell the security and the expected dividend.
Therefore, if one buys shares prior to the ex-dividend date and holds the shares until after market open on the ex-dividend date, they will receive the dividend.
The Record Date is a common term generally referred to in press releases and other news stories. The date of record is a date used by Corporations and Transfer Agents for corporate bookkeeping. The record date does not determine who is entitled to the dividend; it merely indicates to whom the transfer agent will need to deliver the shares. If a person holds shares on the record date but sells the shares prior to the ex-dividend date, they will need to deliver the dividend with the shares. Dividends are attached to shares, not people, so if shares are sold prior to the ex-dividend date, the dividend goes with the shares.
The Payable Date refers to the day the company or paying agent will pay out the dividend. This typically occurs after market close on the payable date. The payable date is generally after the ex-dividend date on cash dividends and prior to the ex-dividend date of stock splits and spin-offs.
Please keep in mind there are different types of dividends, and the cash dividend is the most common. However, stock splits, stock distributions, and spin-offs are all considered dividends and, therefore, similar principles apply. Although most securities follow the rule of ex-dividend date, this may vary with each exchange. As a result, we suggest you request information on a specific security to ensure accurate information.
Posted by WMRP on :
So does that mean I had to purchase to stock by end of today. or can i purchase wednesday and still get the 1000 shares
Posted by SuperSniper00 on :
It is over. If you dont currently hold the stock you aren't getting ****. Then again, if you are holding the stock now you aren't getting **** either.
Posted by pay up on :
I tried to sell today at .0002. The stock ranged between .0001 and .0003. So, it was at .0003 that means they ignored my sale at .0002, why?
Posted by Ripler on :
****!!
i feel like a dumb imegrant who just came to the UNITED STATES OF AMERICA expecting an easy, work free life..
boy was this black boy wrong
Posted by pay up on :
Ripler, Remember that those imegrants like it here or else they would go back home.
Posted by madmoney on :
I have noticed that the level 2 quotes for this have dissappeared from my realtime streamer, 7 MM`s on each side but no numbers ( quotes ) and about 900 million traded after hours at 0002 between 16:11 and 16:19. my historicle T/S screen shows a code for each trade, T(F), looked it up, seems to mean something but i wont post it because i am not shure it`s right. any thoughts on this?
Posted by Bigrod40 on :
FOOD FOR THOUGHT!!!!!
Could the MM's have held the price down at 0.0001 to induce weak hand sells at 0.0002, and then hidden all of those sells at 0.0002 so that others would continue selling? So that now they are just recording those transactions after hours? If so, then that might be them catching up on their shorts.
Posted by moosehead9nc on :
that just sounds illegal
Posted by pay up on :
well my sell at .0002 didn't happen after hours. It expired so I will still get the free worthless shares. Since it didn't sell I'll probably hold long now.
Posted by Ripler on :
gl trying to sell this now...stuck in it for sure
Posted by ohio_trader on :
the bid was .0003 last week several times, i sold 80% of my shares at a 300% ( i didn't and don't buy hype)
**You never lose when you go to the pay window**
do your homework
Ohio_Trader
Posted by cactus33 on :
good for you ohio, you are some genius..
see you at .0008
heh heh
I like how all of a sudden this stock is worthless, keep it comin bashers.
just trying to get everyone to panic tomorrow
thats all
Posted by weatherbill on :
I sold today at .0002 and made a nice double....then put that money in MLXO.....man, that was a good move for me today!
Posted by optimizer_78 on :
so many bashers for this worthless stock?
looks like some people are getting worried after naked shorting at .0001 and now have to pay the divies.
this is going to run to .005 levels
Posted by Max Shrap on :
It may, but not 'til the end of the year or beginning to middle of 07.
quote:Originally posted by optimizer_78: so many bashers for this worthless stock?
looks like some people are getting worried after naked shorting at .0001 and now have to pay the divies.
this is going to run to .005 levels
Posted by SuperSniper00 on :
Unless the company wasn't shorted at all and used it as a cover story to dumped shares.
Posted by plni on :
we lose mms win who didnt know that. my wife knows nothing about stocks saw this mess and only one thing (great marketing)
Posted by cactus33 on :
how do mm's win?
some people are all over the place with how they view this stock, their opinion can change within minutes back and forth?
makes you think?
rattle the newbie tricks....
who knows whats up with this stock, more drama than a soap opera
Posted by plni on :
they win by buying cheap stocks. i still think paim was a great buy at 0001/0002 and great days are still to come. i just think the stock was manipulated and the news sure did show up in the stocks performance
Posted by finalwish on :
is it possible for paim to go above .0003 tomorrow?
Posted by cactus33 on :
what stock isnt manipulated somewhat by pr
Ive been sittin on this POS
HVYW stock waiting for some sort of pr, waiting for months now. that stocks Gettin trampled
the companies with hardly any pr are POS and dont give a crap about the investor
all iMO
Posted by weatherbill on :
I sold my PAIM today for a nice double from .0001...... It didn't run like everyone said, so I sold and put the money in MLXO......man I'm sooooooooooo glad I did that!
Posted by cactus33 on :
how many times are you gonna say that bill, were'nt you the one pumpin PAIM to no end the other day b/c of the shorts.
since you are'nt with paim anymore why dont you go over the MLXO thread and have fun.
like tome petty said..
dont come around here no morreeeeee
Posted by Bigrod40 on :
What happened to all the Bids and Asks??? Now I'm really interested!
mm's are gonna try to panic people tomorrow morning, there gonna still drive this thing down early to cause panic.. still short big time
just watch, and learn
just my personal opinion invest at your own risk...
Posted by DZWulf on :
quote:Originally posted by optimizer_78: so many bashers for this worthless stock?
looks like some people are getting worried after naked shorting at .0001 and now have to pay the divies.
this is going to run to .005 levels
WHEN?
Posted by weatherbill on :
I did state yesterday that I would see what the market does and then react accordingly.....I was going off information that I was being fed on this by others......I thought it was gonna rise.....but nothing in the markets is a guarantee, so back off your sorness.......if you haven't learned to go with the market, you will be left a bag holder.......adjustments and changed are inevitable
Posted by cactus33 on :
keep wishin that Im the bagholder, who's sore
just wonder why you're here repeating how smart you are?
go find an mlxo thread..
Posted by cactus33 on :
someone elses post from another site
Tomorrow is the last day to own the stock not Today so don't believe the liars.
PAIM - Pearl Asian Mining Industries, Inc. Common stock (WY)
Declaration Date:
-- Ex Date:
03/15/2006 Record Date:
03/17/2006 Payment Date:
03/31/2006 Dividend Type:
Stock Div. payable in another company Dividend Amount
Posted by TroyAnalysis on :
agreed..non-sense...
Posted by SuperSniper00 on :
ex date is the first day the stock trades WITHOUT dividend....thus the name EX-DIVIDEND DATE...
The only way to get the dividend is to own the stock at this very moment. Go check the SEC website
Straight from the SEC website:
"Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend." http://www.sec.gov/answers/dividen.htm
I called etrade and they said the pay date is the 31st incase anyone was wondering when they should get their shares.
Posted by cactus33 on :
i was'nt sure, just saw that somewhere else
Posted by SuperSniper00 on :
Well if you dont know what you are talking about you shouldn't post it. It misleads people.
Plain and simple, the fact is if you don't own PAIM right now you are not getting anything.
What will tomorrow bring? Well I am guessing everyone is gonna sell their shares because the divvy is overwith. But then again I thought today would have exploded and I was wrong on that.
Just sounds like the pumpers are out in full force now because of the huge let down.
Posted by cactus33 on :
peace
Posted by Ripler on :
let me get this straight...
sooooo if i own the shares from the close of today then that means i can get the divs for sure? what if i decide to sell tomorrow?
do i still get the div?
Posted by ohio_trader on :
I feel better about you now snipe..cause i thought you were one of them(pumpers)...lol
i dumped last week at .0003 on 80% of my shares...and i got crucified for taking a 300% profit by someone...lol
im still holding a million shares, they will go in my novelty portfolio for now along with CWFG
quote:Originally posted by SuperSniper00: Well if you dont know what you are talking about you shouldn't post it. It misleads people.
Plain and simple, the fact is if you don't own PAIM right now you are not getting anything.
What will tomorrow bring? Well I am guessing everyone is gonna sell their shares because the divvy is overwith. But then again I thought today would have exploded and I was wrong on that.
Just sounds like the pumpers are out in full force now because of the huge let down.
Posted by SuperSniper00 on :
Yes you can sell tomorrow. The only requirement is that you owned the stock when it closed today.
Tomorrow is the ex dividend date, meaning it trades WITHOUT dividend status.
"If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend."
You would be the seller mentioned in the second sentence.
Posted by cactus33 on :
read snipers thread right above.
I dont know?
Posted by ohio_trader on :
screw it...we'll all know real soon....its not like we're getting or losing anything big at this point in the game......come back next year at this time and we'll talk
***do your homework***
Ohio_Trader
Posted by cactus33 on :
yep, good night on that.
Posted by Ripler on :
this stock had potential but was completely control by mms... should have seen it coming..
i will "try" and sell tomorrow but i doubt it will go through. its not as easy to sell as it is to buy :S
*********Pearl Asian Mining Industries, Inc. (Pink Sheets:PAIM) Reports: The company announced today that NASDAQ has set the X-Dividend Date as March 15, 2006. The dividend of 1,000 preferred shares for every 1 common share held of record on March 17, 2006, is to be paid on March 31, 2006.
this statement released earlier says the div will be given to those holding on the 17th
you sure if i sell tomorrow i still get the preferred? or am i confusing myself
[ March 15, 2006, 00:56: Message edited by: Ripler ]
Posted by SuperSniper00 on :
THE RECORD DATE DOESN'T MEAN ANYTHING!!!!
Are you guys retarded? Perhaps you need to take investing 101 at your local community college. The record date matters for 1. accounting purposes and 2. it tells the NASD when they need to set the ex date. The ex date is 2 days before the record date. the ex date is the day you need to own the stock by. If you buy the stock today and hold to the 17th you are not getting chit.
The SEC is the governing body of all securities that are traded in the united states. Their interpretation of the law is final. Their website is not wrong.
quote:Originally posted by Ripler: this stock had potential but was completely control by mms... should have seen it coming..
i will "try" and sell tomorrow but i doubt it will go through. its not as easy to sell as it is to buy :S
*********Pearl Asian Mining Industries, Inc. (Pink Sheets:PAIM) Reports: The company announced today that NASDAQ has set the X-Dividend Date as March 15, 2006. The dividend of 1,000 preferred shares for every 1 common share held of record on March 17, 2006, is to be paid on March 31, 2006.
this statement released earlier says the div will be given to those holding on the 17th
you sure if i sell tomorrow i still get the preferred? or am i confusing myself
Posted by JoeMillion on :
SuperSniper00
WOw! Paim Pumper here and RSHN basher over the rshn board.
You are something else.
Joe
Posted by Jmoove on :
nevermind
Posted by MoneyMoneyMoney on :
Sure am glad I got my hard earned cash out of this worthless crap.....
Posted by George on :
quote:Originally posted by SuperSniper00: Unless the company wasn't shorted at all and used it as a cover story to dumped shares.
That is what most of these pinks do...cry shorting while they are dumping,,,,,,
Posted by madmoney on :
if anyone cares, there are only 2 MM`s listing quotes for paim so far. B/A is 0001x0003. whats up with that?
Posted by SuperSniper00 on :
quote:Originally posted by madmoney: if anyone cares, there are only 2 MM`s listing quotes for paim so far. B/A is 0001x0003. whats up with that?
MMs are not interested anymore. They held it down long enough. Yesterday was dday and the paim train crashed.
I admit I was wrong about the whole thing, time to move on and find the next stock.
Posted by logical buyer on :
This stock is dead in the water.
Posted by cactus33 on :
be careful about panic selling now.
dont believe everything you read on this board.
some posters are really messin with peoples heads around here lately
Posted by JOELGA on :
I'm holdin my free shares. Gold baby...gold!
Posted by cactus33 on :
back to .0003
Posted by cactus33 on :
for a second..
heh
Posted by cactus33 on :
here's the panic
Posted by lostone on :
anyone able to get more paim at .0001?? if not, looks like it's a scare tactic
Posted by Squire38 on :
quote:Originally posted by lostone: anyone able to get more paim at .0001?? if not, looks like it's a scare tactic
No, I have an order in for 0.0001. I put it in yesterday and have not even gotten a partial.
Posted by cactus33 on :
i predicted this last night
you had bashers everywhere stirrin this up.
Posted by Thomas Mick on :
Just put an order in for 2 million shares at .0001. Got to go to work at 8 pst, will let you know if it fills before then.
Posted by cactus33 on :
im seein some .0003 on L2
Posted by ohio_trader on :
PAIM PAIM go away come again some other day............
Posted by moosehead9nc on :
i have seen a ton of buys flying through at 2, so idk what's going on, these buys are large orders 9 mil blocks
Posted by smalltime on :
I figured today it would hit bottom?????????
Posted by Bigrod40 on :
I like this, From IHUB
Posted by: chevyrider In reply to: None Date:3/15/2006 12:32:52 PM Post #of 2072
Just called Rick and he is very helpful he told me the float is still 5 billion and like I figured the MM are up to there same tricks as usual. Rick says wait until they put the dividends in the accounts and they will have some mad MM.
Posted by SuperSniper00 on :
Sold 16.5m, leaves me with 3mil left plus my dividends. Time to start looking for otherstocks. Its like having girlfriends. I just broke up with pearl and I am looking for the rest of those fish in the sea.
Posted by dkinvest on :
quote:Originally posted by SuperSniper00: Sold 16.5m, leaves me with 3mil left plus my dividends. Time to start looking for otherstocks. Its like having girlfriends. I just broke up with pearl and I am looking for the rest of those fish in the sea.
may I suggest CNES?
Posted by SkinnyG on :
is paim a good buy right now? i'm seeing it sitting at .0001 thinking about getting 5 million ($500). any advice/thoughts for a newbie? G
Posted by SkinnyG on :
just jumped to .0003 about 10 secs after i posted the above... bummer :-) g
Posted by SuperSniper00 on :
CNES had its run. NEXT!
Posted by dkinvest on :
quote:Originally posted by SuperSniper00: CNES had its run. NEXT!
Do your homework buddy!
Posted by cactus33 on :
skinny, its gonna be reaaaal tough to get filled at .0001 IMO.
your best bet is at .0002 if you want in
IMO
could always try though
Posted by SuperSniper00 on :
You can get in at .0001 in a week.
No rush to jump into paim now that the div is over and mining wont start until 9 months from now.
Posted by cactus33 on :
PHHHHHHHHHHHHBBBBBBLLLLTTTTTTTTT.
Posted by ohio_trader on :
why did anyone buy today at.0003,bid, .0002, price.0002....you have to be REALLY DUMB...give me your $$$ i haven't cashed out a loser in my last 10 picks
****do your homework***
Ohio_Trader
Posted by ohio_trader on :
correction...bid at .0001
Posted by joeyisthebest on :
x date is today so if you buy in today you still get dividend
Posted by ohio_trader on :
incorrect...too late it was yesterday\
Posted by joeyisthebest on :
Guess I will find out bought in today at .0002
Posted by texrecruiter on :
Actually Ohio, today is the xdate. But you are right. He would have to buy before the xdate to get dividend. The seller gets it today.
Posted by dreamer_rick on :
hey guys what will happened then after we get our shares ....will the share pps run again ...cuz all what I see is droping pps....
I remeber excatly the same thing happened with UNQT it said it would distribute some shares to each holder and then it died ... its not traded any more ....
any idea? btw I'm in at 0.0002 ...
Posted by joeyisthebest on :
I am calling etrade right now to find out what the deal is on the x date will find out and post as soon as possible
Posted by jermarksey on :
thanx joe will be looking for that info.
Posted by joeyisthebest on :
Just got off the phone they said that if I buy on ex date I don't get the dividend so put my order to sell in at .0003
Posted by Ripler on :
quote:Originally posted by joeyisthebest: Guess I will find out bought in today at .0002
ahahahaHAAHA
Posted by btownfas on :
Hey guys, nothing about paim or anything but i have a quick question. Today at work someone mentioned something to me about flipping stocks for profits, they said that if you buy and sell you can't rebuy the same stock for 30 days. It didn't make much sense to me but i got a little worried...anyone know if there is any truth to this?
Posted by cactus33 on :
dreamer arent you in some saudi bank working
pumpin usxp
what are you gonna be know, a phillipine gold investor in manila?
Posted by dkinvest on :
quote:Originally posted by btownfas: Hey guys, nothing about paim or anything but i have a quick question. Today at work someone mentioned something to me about flipping stocks for profits, they said that if you buy and sell you can't rebuy the same stock for 30 days. It didn't make much sense to me but i got a little worried...anyone know if there is any truth to this?
That is BS.
Posted by CTMum on :
The only rule I know about is unless you are set up with a margin trading account, you have to wait 3 buiness days from the day you buy a stock to use the proceeds from the sale of it to buy more. If you hold for 3 or more days the money is immed. avail.
Correct me if I am wrong.
Posted by pay up on :
see below
Posted by pay up on :
quote:Originally posted by dkinvest:
quote:Originally posted by btownfas: Hey guys, nothing about paim or anything but i have a quick question. Today at work someone mentioned something to me about flipping stocks for profits, they said that if you buy and sell you can't rebuy the same stock for 30 days. It didn't make much sense to me but i got a little worried...anyone know if there is any truth to this?
That is BS.
Untrue, plenty of people sell a stock at 11AM and buy it back at noon. You are only allowed to flip it like that 4 times in, I think, 5 business days. I personally have sold one day and bought back the same day.
Posted by pay up on :
quote:Originally posted by pay up:
quote:Originally posted by CTMum: The only rule I know about is unless you are set up with a margin trading account, you have to wait 3 buiness days from the day you buy a stock to use the proceeds from the sale of it to buy more. If you hold for 3 or more days the money is immed. avail. Correct me if I am wrong.
If you have a cash account and buy a stock, then sell it, you can buy another stock right away but you can't sell the new purchase until 3 days after the sale of the 1st one because you haven't really paid for it yet till the 1st sale clears.
Posted by btownfas on :
Got it, thanks everyone. I didn't think it sounded right or even fair, but just got a little worried. Thanks again
Posted by cottonjim on :
You also need to be aware of the rule on round trips. That is, if you buy and sell a stock in the same day 5 times you are considered a day trader by the SEC and are required to cary certain minimum balances in your brokerage account. So buying and selling any stock 5 times in one day would put you in that category.
Posted by cactus33 on :
hope none of you got caught up in that panic sell this morning, saw that comin from a mile away.
watch out becauce they'll be bashers and panickers, tryin to get you to sell, comin thru here as soon as this hits .0004
theres a ton a people that sold at .0002 for a quick panic buck and they'll be bitter. theres no worse feeling than sellin off before a good run..
just my opinion, dont take this as investment advice......
Posted by jermarksey on :
will we have the same symbol after tomorrow
Posted by luckyjimmy on :
what do you think of this article they are talking about a billion dollars of revenue a year
XYZ Operation Gold Finger to Yield Estimated Total Annual Gross Revenues of $157,236,600.00 USD from the 50 Metric Tons Per Day Small-Scale Mining Operations of Pearl Asian Mining Industries, Inc. (PAIM)
Posted by cactus33 on :
I advise all people new to this thread to take the effort and read the whole thread
it will help......
Posted by pay up on :
quote:Originally posted by jermarksey: will we have the same symbol after tomorrow
Yes you will have the same symbol. The new shares will be under a new symbol and probably will show up the end of the month.
Posted by SuperSniper00 on :
.0001 baby, .0001.
Posted by pay up on :
quote:Originally posted by SuperSniper00: .0001 baby, .0001.
what's that suppose to mean???????
Posted by cactus33 on :
just wondering while your around supershorty??
i thought that you broke up with the paim girlfriend.
I guess you're one of those losers that keeps calling the ex back after a break-up to harass them because you have no life?
heh
Posted by pay up on :
Dreamer, What happened to all the Saudis who were buying USXP?
Posted by 7 of 9 on :
the saudis were in usxp at 3
they dumped all their shares at 400
all the winnings go to hamas
buyout has been cancelled
sorry
Posted by SuperSniper00 on :
quote:Originally posted by cactus33: just wondering while your around supershorty??
i thought that you broke up with the paim girlfriend.
I guess you're one of those losers that keeps calling the ex back after a break-up to harass them because you have no life?
heh
I still have 3m just incase...oh yeah and I also have those lovely 19.5 billion preferred shares.
the shorts dont need to cover anything anymore because the div is over with, only reason they would have covered is to avoid paying the div...we dont even have solid proof there was any shorting...i originally thought paim was dumping shares, maybe she used the NSS story to cover her dumping. its smart and would definately fool you lemmings
Posted by cactus33 on :
dreamer, your threads are worthless to me. after that last usxp bs
bummed that you own paim now..
oh well, always people like you around
Posted by cactus33 on :
now we are lemmings, supershorty?
why did this close at .0003 and 90% of the sells were at .0002 today.
and you are sayin its gonna be simple to buy at .0001 in 2 days..
sorry, dont make sense to me.. lemming.
we'll see who's wrong i guess..
Posted by Dustoff101 on :
White cop catches black thief, thief screams racism...
Black cop catches white thief, thief screams racism...
Remember when I busted Dreamer?
If ya don't, well his only defence was I was a racist..
That convinced me right then and there, he was up to no good.
Posted by cactus33 on :
he'll probably come up with a new name and claim that he's a phillipine soldier seeing the gold firsthand.
sorry, better be quiet dreamer, dont wanna give you any ideas...
NOW GO AWAY DI&%, I MEAN RICK........
Posted by Dustoff101 on :
33, maybe he'll come back as Gesha Girl and claim the miners are paying her in clandestine Gold nuggets.
Posted by 7 of 9 on :
quote:Originally posted by cactus33: he'll probably come up with a new name and claim that he's a phillipine soldier seeing the gold firsthand.
sorry, better be quiet dreamer, dont wanna give you any ideas...
NOW GO AWAY DI&%, I MEAN RICK........
this is a great idea
get ready for my pump
Posted by SuperSniper00 on :
quote:Originally posted by cactus33: he'll probably come up with a new name and claim that he's a phillipine soldier seeing the gold firsthand.
sorry, better be quiet dreamer, dont wanna give you any ideas...
NOW GO AWAY DI&%, I MEAN RICK........
im in the us army, and i have been to the philippines...i got tons of pics if you really care to see, just got back in december, was there for 6 months from july to december
Posted by SuperSniper00 on :
The Underworld of Sub-Penny Gold Stocks
Roland Watson March 15, 2006
"Abandon every hope, ye who enter here."
Whilst watching the current correction in gold and silver prices, I decided to hold back on further precious metals investments. This is quite a normal action to take but in my quest to decide which strategy to enact on prices bottoming out, I found myself propelled into a dark and unfamiliar domain. It was a domain where the rules of engagement seemed to be different and was populated by a different set of investment creatures altogether.
I am talking about that dominion where gold stocks mutate into sub penny stocks, a world where nimbleness of foot is required lest you are consumed without mercy and it does not seem to matter one whit whether a company has one ounce or one million ounces of gold under the ground.
It seemed like a journey down into an equity version of Dante's nine circles of the Inferno from which nothing seems fated to ever emerge from perpetual darkness. From above we took our journey, past the main producers down to mid-tier companies, onto juniors newly producing and onto promising exploratory companies foraging for the next big find. But below we descended into an otherworldly haze beholding companies that seemed to wander like zombies in a state between life and death. They gave the impression of having no purpose whatsoever having nothing to speak of in the way of riches or even a semblance of such a hope in them.
Their eternal destiny seemed to be one in which they would forever remain frozen at absolute zero prices. It was also a world that had an atmosphere of deception and intrigue as demons lay behind every pile of Fools Gold trying to pump up comatose stocks to the detriment of the gullible. Yet in amongst these do-nothings and rotting corpses lay one or two gems that would somehow arise in resurrection destined to join the respectable ranks of shares ranked in dollars rather than fractions of cents.
As I stumbled around this murky region, I came across two companies that caught my attention and made me question and finally re-affirm the raison d'etre of the gold stock investor.
The first was Great West Gold that was trading at the ludicrous price of $0.0004 per share or four hundredths of one cent. It had been previously trading at a low of $0.0001 that is so low that it was displayed as zero on my chart summary and I suspect this is a price that cannot go lower for trading purposes. Moreover, the number of outstanding shares was of the order of 20 billion not including however many warrants and options had been granted.
Welcome to the underworld of confetti shares at vanishingly small prices. I paused and examined this small gold entity. They did not appear to be producing an ounce of gold and they were in the throes of a restructuring that aimed to purchase some old deposits by further dilution of stocks. I walked on past them wondering whether a small investment should be aimed in their direction. I reminded myself of the philosophy of the gold investor - valuations and a long-term perspective - and moved on.
Almost immediately after that, Great West Gold exploded in price to a peak of $0.003 in early March before settling down to $0.001. That was a 30-fold increase from their low of $0.0001 and no doubt someone was a little richer for that. I thought to myself that in the lower reaches of the penny stock inferno, we could expect volcanic behaviour as speculative forces unleash strange pent-up energies.
Did I regret not buying? In some sense, yes, but it did not seem the way of the seasoned gold investor which I shall explain shortly.
Good luck to Great West Gold, they may yet achieve equity resurrection and escape the sub-penny inferno. But as I reached the lowest circle of this equity inferno, I came across the strangest case yet and one which bore watching before moving back up to the world of light.
This denizen of the equity deeps is called Pearl Asian Mining and once again we find a stock that is barely above the lowest of the low price at $0.0002 - one million shares would cost you $200. As I continued to observe, I noticed some strange species of investors excitedly jumping around this inert creature willing it to get up. In their imaginations, they were fighting against another group of creatures called the naked short sellers.
Now this latter class of being we know about having watched them run against the price of gold and silver for a considerable amount of time. The problem though was whether these fellows were actually moving in this twilight situation. I listened to these sub-penny investors excitedly talking amongst themselves (on certain internet forums) about a coming short squeeze redemption against these demonic market makers who continually shorted the price of Pearl Asian Mining.
The most fascinating thing about this was a phenomenon I had not witnessed and do not expect to witness in the equity world above. In their attempt to cause these alleged naked shorts to run for cover, Pearl Asian Mining is taking the extraordinary step of declaring a dividend of 1000 preferred shares for every one common share held by investors before the ex-dividend date this week.
With 30 billion shares outstanding, this would imply an issue of 30 trillion shares! Something sounded almost surreal about this, but then again I was in an almost surreal world. As I listened to these sub-penny investors, I realised that a lot of them cared not for the gold fundamentals of the company but where rather obsessed with the vulcanism of volatility.
As we noted, Great West Gold rocketed 3,000% in about two weeks. Such a move is unheard of in the equity world above. But in this volcanic world of volatility, spots around you erupt in fury only to die down as quickly again. It is a world divorced from valuations and one devoted to the rapid momentum trader who rides a stock for mere days in the search for quick profits.
Against this backdrop of extreme volatility, the game was afoot. Pearl Asian Mining (and Great West Gold) believes they are held in their zombie state by evil market makers selling shares they do not have. Pearl Asian has decided to call any bluffs out there by forcing them to create an extra 1000 shares per non-existent common shares. They believe this will end the naked short selling and propel their share price up a few circles.
As I write, the game is still on and the price remains in a tight range of $0.0002 to $0.0004. The sub-penny forums await the outcome of March 31st when these trillions of preferred shares have to be created and delivered ex nihilo. I stood by somewhat incredulous of their doctrine. Why would market makers continuously short a stock that is about as low as it can go? Surely there are fatter victims to capture?
A visit to Pearl Asian Mining's press releases brought me closer to the truth. A recent press release trumpeted this headline:
"Pearl Asian Mining Industries ''Operation Gold Finger'' April, 2005 Reports: XYZ Gold Project Showed an Estimated Ore Reserve of over 2.4 Million Metric Tons of Gold & Silver Tuesday March 7, 6:00 am ET US $60,285 Per Day X 360 Days Per Year Operation = $21,702,600.00 Estimated Annual Gross Revenue"
One has to be careful with headlines lest one thinks that they are implying they have 2.4 million tonnes or 7.7 billion ounces of gold and 69 billion ounces of silver (at a 10:1 ratio). Their assay results are also optimistic, but I won't go further since all information is in the public domain. Moreover, this seemingly good news failed to budge the share price out of its tight range. It seems that in the world of sub-penny stocks, one is not so easily believed.
I was in a world of rapid momentum traders waiting for a geyser to erupt. That was not the way of the traditional gold stock investor who buys and holds based on proven reserves and excellent future production prospects. I asked myself why any company down here in the ninth circle of $0.0001 stocks should have anything like a promising future? I looked at the promising juniors who are now doing well. They were born in the full light of day and not in the deepest equity hell. Perhaps I am wrong; perhaps not all stocks down in the hundredths of a cent inferno are there because that is what they are worth. Perhaps a few of them such as Great West Gold and Pearl Asian Mining will rise to the skies above playing their golden harps.
In the meantime, I continue to watch and observe the great game of hyper-volatility and when the game is done, it is back to the world above where the light of valuations penetrates much more readily and there is a greater degree of certainty about the affairs of men and mines.
hey superloser00 quit rippin off hawaii guys thread and get a life..
you and 7 of 9 are the same people posting your BS get a life......
i'm here to make money....
exposed...
all in my personal opinion
Posted by eze on :
Now SS is posting on HSM to get into TWOG the next big thing PUMP PUMP PUMP....Get Lost!!!
Posted by cactus33 on :
eze, right on..
people are up to his tricks, supershorty00, he/she
has to exposed b/c people work too hard for their $
Posted by BuyTex on :
Seems to me this whole thread should be bronzed and preserved for posterity...
lol, which "tricks" you guys talking about?
Posted by cactus33 on :
still has a while to go before bronzed..
gotta get to the 20grrr post level..
tex, do you have any idea how many people cruise thru here to browse from all over the world.
peoples "tricks" do matter here, wake up cowboy
do you really think that allstocks BB is composed of only the people that post?
why do you think that their server crashes every 4 hours....
Posted by BuyTex on :
Scuse me?
lol, apparently you're as new as your posts indicate...
I ask in all seriousness. Puhhhh-leaze don't answer with more questions...
Posted by cactus33 on :
gee you sure are smart like pardner..
BELIEVE IT OR NOT, there is a whole world out there beside the state of texas...... tex
I saw your posts too..
you dont have much to say..
7000 posts = you've been here to long, graduate to larger things....
IMO
Posted by BuyTex on :
cactus?
lol, you must be some new handle for an old pal...yes?
otherwise, which posts of mine might you be referring to?
Until you clear this up? I defer to my earlier question: which tricks you guys worried about?
Posted by Dustoff101 on :
Oh O' chit gonna hit the fan now..LOL
Remember the Alamo!
Posted by SuperSniper00 on :
quote:Originally posted by BuyTex: Seems to me this whole thread should be bronzed and preserved for posterity...
lol, which "tricks" you guys talking about?
The only tricks going on is cactus pumping paim all over the net. paim had 1 hope, the dividend.
the company is bogus, pearlasian aka elvira gamboa is a known con artist...coughcough DoM! coughcough not only that factor in the sandy winnick and mario pino connection and oh man this stock is just lovely
there is no gold, they posted the same assay report from last year...doesnt even fit mining guidelines for reporting...erm what else? oh yeah the company is dumping shares while you sit on them....back to .0001 you go paim
Posted by BuyTex on :
SS, weren't you griping earlier in-thread when peeps said more or less the same thing? scam, etc...
Listen, that's cool--I change my mind, too. Just trying to get calibrated, here...
Posted by cactus33 on :
IMO
people were trying to induce panic to try to create another great buy-in before a big run
tex, this is what i posted this morning....
these tricks....
hope none of you got caught up in that panic sell this morning, saw that comin from a mile away.
watch out becauce they'll be bashers and panickers, tryin to get you to sell, comin thru here as soon as this hits .0004
theres a ton a people that sold at .0002 for a quick panic buck and they'll be bitter. theres no worse feeling than sellin off before a good run..
did I answer your question tex?
Im not trying to be mean to you, i have relatives in texas, but they are like californians in the ironic way that they think they are the center of the universe and can't see beyond..
to answer your question, about why the server crashes....
well, im guessing that they have an amazing amount of traffic from all over the world..
sorry that flustered you...
like bush, whats up with you texans...
get all scared when someone asks you a question
just my opinion, dont take this as investment advice......
Posted by tmanfromtexas on :
I just cant understand why snoopersnipper didnt bring all this info to light before he dumped. OH its because he is an a**hole. I forgot. TMAN...
He posted... the company is bogus, pearlasian aka elvira gamboa is a known con artist...coughcough DoM! coughcough not only that factor in the sandy winnick and mario pino connection and oh man this stock is just lovely
there is no gold, they posted the same assay report from last year...doesnt even fit mining guidelines for reporting...erm what else? oh yeah the company is dumping shares while you sit on them....back to .0001 you go paim
Posted by BuyTex on :
CACTUS sonny boy, would that I were I scared of any of your questions, I couldn't get outta bed in the morning...lol...if you bugged me, I'd be scared of songbirds.
As it is, am simply trying to make sense of what you're saying...
are you saying this PAIM thing is a real company?
can't help ya with the server--sounds like red-herring, distraction BS to me...
get to your point, junior
Posted by cactus33 on :
supershorty00 has already been exposed..
I'm not a PAIM pumper..
I bought in at .0001 and have'nt sold...
so what? I own 12 other stocks and where do you see me pumpin them
just can't stand when people like you pump a stock, get out, and then trounce all over it so you dont have to live with yourself when it takes off.
Supershorty00, why are you still here talkin about PAIM?
previous thread said that you dumped PAIM like an old girlfriend?
Im figurin if you are male or fmale you dont know what a girlfrind is considering the time you spend thread to thread pumpin and bashin..
your time is up......
this is all in my personal opinion, do not take this as investment advice..
peace
Posted by BuyTex on :
quote:Originally posted by tmanfromtexas: I just cant understand why snoopersnipper didnt bring all this info to light before he dumped. OH its because he is an a**hole. I forgot. TMAN...
He posted... the company is bogus, pearlasian aka elvira gamboa is a known con artist...coughcough DoM! coughcough not only that factor in the sandy winnick and mario pino connection and oh man this stock is just lovely
there is no gold, they posted the same assay report from last year...doesnt even fit mining guidelines for reporting...erm what else? oh yeah the company is dumping shares while you sit on them....back to .0001 you go paim
T-neighbor, isn't that same info provided earlier in-thread?
(not addressing the "why" of SS, right now)
Posted by BuyTex on :
quote:Originally posted by cactus33: supershorty00 has already been exposed..
I'm not a PAIM pumper..
I bought in at .0001 and have'nt sold...
so what? I own 12 other stocks and where do you see me pumpin them
just can't stand when people like you pump a stock, get out, and then trounce all over it so you dont have to live with yourself when it takes off.
Supershorty00, why are you still here talkin about PAIM?
previous thread said that you dumped PAIM like an old girlfriend?
Im figurin if you are male or fmale you dont know what a girlfrind is considering the time you spend thread to thread pumpin and bashin..
your time is up......
this is all in my personal opinion, do not take this as investment advice..
peace
lol, make better sense
are you angry with SS, or are you upset cuz of sumpin else? you mentioned my number of posts with nothing to say...
lol, you might wanna DD and re-think...
so far, you've posted nonsense in reply to my question
Posted by BuyTex on :
back to my original point for the evening:
quote:Seems to me this whole thread should be bronzed and preserved for posterity...
Posted by cactus33 on :
whats your question, i answered all of 'em tex?
your just tryin to get the last word im guessin...
yea i checked your post bluffer, they dont impress me..
peace
Posted by BuyTex on :
quote:Originally posted by cactus33: whats your question, i answered all of 'em tex?
your just tryin to get the last word im guessin...
yea i checked your post bluffer, they dont impress me..
peace
bluffer?
you funny speed-reader--checked 7k posts aleady?
OK, let me get this straight.
first SS was "pumpin" this pick, but now he's not? Is that your major point?
Posted by BuyTex on :
quote:Originally posted by cactus33: supershorty00 has already been exposed..
I'm not a PAIM pumper..
I bought in at .0001 and have'nt sold...
so what? I own 12 other stocks and where do you see me pumpin them
just can't stand when people like you pump a stock, get out, and then trounce all over it so you dont have to live with yourself when it takes off.
Supershorty00, why are you still here talkin about PAIM?
previous thread said that you dumped PAIM like an old girlfriend?
Im figurin if you are male or fmale you dont know what a girlfrind is considering the time you spend thread to thread pumpin and bashin..
your time is up......
this is all in my personal opinion, do not take this as investment advice..
peace
newbs or other interested observers:
this is a typical post from someone attempting to steer away from the merits of a good, logical discussion: answering questions that have not been asked (but BOY HOWDY those answers are full of drama!) and then ranting and raving about SOMETHING ELSE!
lol, y'all--many good traders here, but the likelihood of one of them postin in this fashion is very low...
Posted by tmanfromtexas on :
BuyTex, I dont believe HE/SHE posted any of that info when he was pumping... All he could say was the shorts and MM's were screwed etc adnauseum. He even posted a supposed IM chat between him/her and 7of9. SO I will watch the boards and stay away from this pumper/basher as much as possible. BTW I am holding PAIM and happy to be doing so. TMAN... On a side note how is the fire danger there in the DFW area. I have been following the disaster in the panhandle from California. I hope all is well there. TMAN...
Posted by BuyTex on :
quote:Originally posted by tmanfromtexas: BuyTex, I dont believe HE/SHE posted any of that info when he was pumping... All he could say was the shorts and MM's were screwed etc adnauseum. He even posted a supposed IM chat between him/her and 7of9. SO I will watch the boards and stay away from this pumper/basher as much as possible. BTW I am holding PAIM and happy to be doing so. TMAN... On a side note how is the fire danger there in the DFW area. I have been following the disaster in the panhandle from California. I hope all is well there. TMAN...
Well, we finally got some rain here, but as you know the Panhandle is scorched...more rain needed, everywhere.
Understand your position on SS--all I'm asking is: Did you find no counter-balance in the thread?
Was the DD from SS "overwhelming" or otherwise convincing?
Posted by cactus33 on :
quote:Originally posted by BuyTex:
quote:Originally posted by cactus33: whats your question, i answered all of 'em tex?
your just tryin to get the last word im guessin...
yea i checked your post bluffer, they dont impress me..
peace
bluffer?
you funny speed-reader--checked 7k posts aleady?
OK, let me get this straight.
first SS was "pumpin" this pick, but now he's not? Is that your major point?
yea, people can actually read somewhat quick up here in yankee country pardner.....
sorry tex, I cant spell everything out for ya, its getting tiring, we are spinnin wheelsm here ....
GLTY
Posted by BuyTex on :
Cactus, Yank, with your handle? no "from" listed? hmmm....
lol, quick?
took ya long enough--and even then you had to have help
...ya, you are spinning your wheels; of course it's tiring--you're trying to pass off this company as a real deal. That's a Herculean effort.
Anyway.
back to the point: this thread should be bronzed and preserved for posterity...
Posted by cactus33 on :
why are you here if you dont own this?
yea, its a free country, thats why Im askin why you waste your time here bashin with the others
thats all Im askin you along with supershorty, 7 to 9 and you.........
you said....."took ya long enough--and even then you had to have help"
are you kidding me, i actually have a life..
i took some time away from my computer.
i have the greatest friend in dallas fort worth..
your bad attitude is givin him a bad name ....
sorry just IMO
Posted by tmanfromtexas on :
BuyTex, There were some good points made by a lot of posters here both for and against. As my tagline says, "In the end, trust only yourself when trading stocks." No one to blame for me losing money and no one to share in the wealth if I make money. I alone hit that final submit button when it comes to buying and selling. I use this board along with many other outlets when I am doing my DD. Have a great evening. TMAN...
Posted by cactus33 on :
these posts are not of a licensed investment advisor or analyst nor does he give out buy, sell or hold advice to anyone
Posted by Penny-Trader on :
shiit microsoft is doomed then.
what kind of logic is this?
lol
quote:Originally posted by cactus33: chill.. the more we talk about it going to the moon the less chance it has.
IMO
Posted by Penny-Trader on :
hey this is like you over in QBID thread
are you calling the kettle black?
quote:Originally posted by cactus33: why are you here if you dont own this?
yea, its a free country, thats why Im askin why you waste your time here bashin with the others
thats all Im askin you along with supershorty, 7 to 9 and you.........
you said....."took ya long enough--and even then you had to have help"
are you kidding me, i actually have a life..
i took some time away from my computer.
i have the greatest friend in dallas fort worth..
your bad attitude is givin him a bad name ....
sorry just IMO
Posted by SuperSniper00 on :
First off, I've said numerous times that I was going to sell my shares after the dividend, regardless what happened. The only thing that changed was the amount that I sold. I thought we would see .0005-.001 at the least. That never happened and it changed the whole thing. Even if it did go up, everyone knew that there would be a sell off the next week after the exdate. first im a pumper than a basher than a pumper...which is it bud? ill tell you, just an average guy posting his personal opinions about stocks, im not an advisor or an expert, nor have i ever claimed to be and if you hang off of every word a person says, especially one you dont know, than you are a fool and i hope you lose all your money
Second TMAN I wasn't the one who posted the IM between me and 7 of 9, he posted it. I have no control over what other people do.
Third is I've posted about and in response to the whole mario pino, sandy winnick, DoM connection on ihub for well over 3 weeks now so to say that its something new is bull**** and your just trying to slander me. I know you read ihub so dont try and say you dont.
Fourth is, I was just flat out wrong about paim. A lot of people were. The smart thing to do is to realize when you make mistakes. I thought paim was the lotto ticket I would win. I knew the timeline on it was the exdate. exdate passed and absolutely nothing happened with paim. i originally thought the company was dumping shares, i got caught up in the whole shorting hysteria, looks like i was correct to begin with and they just used the shorting story to dump more while we bought their shares.
people can change their mind, i did...dont get caught with your pants down because thats where you are about to be pretty soon cactus.
Posted by moosehead9nc on :
PAIM -- Pearl Asian Mining Industries Inc. Com ($0.001)(New)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Pearl Asian Acquires an additional 3,000 Square Meters of Land for Gold/Silver Refinery Facility
PASIG CITY, Philippines, Mar 16, 2006 (BUSINESS WIRE) -- The Board of Directors of Pearl Asian Mining (OTC:PAIM) announces today the acquisition of 3,000 square meters of the industrial corner vacant lot along Plaridel & Don Soriano Streets in Mandaue City, Cebu Island. This will provide additional revenue opportunities for the Company. The second and third quarters of 2006 will mark the period of infrastructure development and construction particularly for the Chemical/Metallurgical Division of Pearl Asian. Anthony Gary Gotanco, a one-time Philippines' Chemical Engineering Board Examination Top Notcher, has joined Pearl Asian as the Director of its Business Development & Chief Chemical/Metallurgical Group. Gary is teamed up with three highly qualified and very intelligent engineers: Elvis Hidalgo serves as the Chief Metallurgist; Rochelle Laylay, the Research & Development (R&D) Chemist and Emylyn Noma, the Chief Quality Assurance & Control (QA/QC) Chemist.
This CHEM/MET Gold Team has been working together in the feasibility of setting up a chemical and metallurgical laboratory, including the Gold/Silver Refinery Plant.
The commercial chemical and metallurgical laboratory is envisioned to serve the laboratory analytical requirements of Pearl Asian, other companies and the general public of the Philippines, specializing in water-testing, metal/ore analysis and diagnostic medical & biotechnology center.
The Gold/Silver Refinery plant is envisioned to extract gold and other precious metals from tailings obtained. The objective of this study is to determine the feasibility of setting up a chemical and metallurgical laboratory, including a pilot plant for gold extraction, in the booming industrialized area of Cebu City. The pilot plant is envisioned to extract gold and other precious metals from tailings purchased or obtained from small-scale mining operations, especially those from areas near Cebu and other provinces with known rich mining operations.
The Chemical & Metallurgical Laboratory will be the preeminent commercial laboratory and pilot plant in the country, generating excellent return on investment for its investors. This institution will serve the laboratory analytical and R & D requirements of all its customers on time, with highest regard for quality, safety of its personnel, and environment-friendliness, knowing that this will greatly assist PAIM to attain its objectives. It is also the Chemical & Metallurgical Laboratory's mission and ultimate intention to serve the needs of its customers with particular emphasis on the gold mining industry, in a profitable yet environment-friendly manner, taking into consideration the concerns of all its stakeholders, the customers, PAIM, and its investors, the government, and, last but not the least, its personnel consisting of world-class and cream-of-the-crop Filipino engineers.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries Inc.
CONTACT: Pearl Asian Mining Industries Inc. - Philippines Richard C. Miller, 770-336 5824 IR*PearlAsianMining.com Fax: 877-317-4430 www. PearlAsianMining.com
Copyright Business Wire 2006
-0-
KEYWORD: United States Philippines Asia Pacific North America Wyoming INDUSTRY KEYWORD: Natural Resources Mining/Minerals
Posted by Bigrod40 on :
This is one hell of a PR. Anyone who has knowledge of the Mining Industry would be buying these "Cheap Shares". Mining companies that look at extracting left over minerals from "Tailing Lines and Ponds" are for real and do make huge amounts of money from other companies or thier own for that matter from scraps as its known in the mining world. Looking at building a plant of this magnitude is almost unbelievable? If a person is willing to gamble on a "Ground Floor" share before it takes off this just might be the one at .0003.
JMO
Posted by 7 of 9 on :
Can someone post a map of this "Masbate" and this "Cebu" city?
PAIM longs: I've seen brutally shorted stox b4. In my opinion PAIM has been shorted about 10B shares, first at .0001 and lately at .0003
EFGI was shorting at 1 and me and NITE, all others were buying. EFGI is quiet now, they are still massively short and they owe the divy.
HSDN was shorting lately at 3. Do you really believe that they have 5B shares to sell?
PAIM could not be selling bcs. of the divy. Anyway, anyone who thinks scammers sell at .0001 is a fool and will soon be wiped out. Scammers sell at 0.50, or higher.
Right now NITE is selling the short shares they bot at 1 2 weeks ago. They bot billlions but it is a finite amt. NITE is a flipper, trader, but not a naked shorter.
Notice HDSN on the ask holding it down. Every short share they sell digs the hole deeper.
************************************ The Gold/Silver Refinery plant is envisioned to extract gold and other precious metals from tailings obtained. The objective of this study is to determine the feasibility of setting up a chemical and metallurgical laboratory, including a pilot plant for gold extraction, in the booming industrialized area of Cebu City. The pilot plant is envisioned to extract gold and other precious metals from tailings purchased or obtained from small-scale mining operations, especially those from areas near Cebu and other provinces with known rich mining operations.
Posted by 7 of 9 on :
The pop b4 the ex-div sate did not happen bcs. HDSN was shorting at 3, massively.
Therefore, the drop yesterday also dd not happen.
Welcome to the "Other OTC"
We r all a long way from the NASDAQ.
Posted by madmoney on :
I dont realy understand, how do you short a stock at 0001? when you sell short the goal is to buy and cover at a lower price keeping the difference as profit. so the question is how do you short at 0001?
Posted by 7 of 9 on :
I will explain how all these micro pennies r shorted at .0001 for you newbies.
They never expect to cover. Who is going to force them.
It is known that the whole OTC is shorted by trillions of shares.
Naked shorting is the illegal act of creating fake, short shares and selling, and the mms get our money.
According to the SEC, shorts need to "cover" or borrow the shares in 3 days. Naked shorts never intend to cover and so they create in effect fake shares. See LFWK for confirmation.
The SEC does nothing about this.
If a co reverses, it allows the shorts to cover, if they care. Therefore, when a CEO reverses his stock, HE IS IN LEAGUE WITH THE SHORTS.
Bottom line, the SEC does nothing and they get away with it.
The SEC wishes the otc would go away.
Shorts are attracted to dollars volume only. All they want is the money. PAIM has a lot of dollar volume.
Posted by ACKCANE on :
Chemical Engineering Board Examination Top Notcher
What the hell is that!?
Posted by megahead34 on :
im keeping my shares for the long run. You never know what can happen.
Posted by Phoenix on :
quote:Originally posted by btownfas: Hey guys, nothing about paim or anything but i have a quick question. Today at work someone mentioned something to me about flipping stocks for profits, they said that if you buy and sell you can't rebuy the same stock for 30 days. It didn't make much sense to me but i got a little worried...anyone know if there is any truth to this?
I think you're thinking of the wash-sale rule. If you buy Stock A and sell it for a loss, you cant claim that loss if you buy Stock A again within 30 days.
Acually it's a little more complex than that but..
IVE BEEN TRYING TO DUMP THIS STUFF FOR TWO DAYS NOW NO BUYING
Posted by Raytrader on :
NO THAT IS NOT TRUE.....IF YOU BUY AN OTC BB.. THEN IF YOU SELL IT WITHIN THE SAME DAY YOUR $$ BECOMES UNSETTLED FOR 3 DAYS
Posted by Phoenix on :
quote:Originally posted by Raytrader: NO THAT IS NOT TRUE.....IF YOU BUY AN OTC BB.. THEN IF YOU SELL IT WITHIN THE SAME DAY YOUR $$ BECOMES UNSETTLED FOR 3 DAYS
Who are you talking to?
And stop typing in caps, please - it's considered shouting.
Posted by Raytrader on :
quote: -------------------------------------------------------------------------------- Originally posted by btownfas: Hey guys, nothing about paim or anything but i have a quick question. Today at work someone mentioned something to me about flipping stocks for profits, they said that if you buy and sell you can't rebuy the same stock for 30 days. It didn't make much sense to me but i got a little worried...anyone know if there is any truth to this? -------------------------------------------------------------------------------- NO THAT IS NOT TRUE.....IF YOU BUY AN OTC BB.. THEN IF YOU SELL IT WITHIN THE SAME DAY YOUR $$ BECOMES UNSETTLED FOR 3 DAYS
Posted by Knuckles on :
caps
Posted by Raytrader on :
sorry forgot they were on
Posted by dkinvest on :
quote:Originally posted by pay up:
quote:Originally posted by dkinvest:
quote:Originally posted by btownfas: Hey guys, nothing about paim or anything but i have a quick question. Today at work someone mentioned something to me about flipping stocks for profits, they said that if you buy and sell you can't rebuy the same stock for 30 days. It didn't make much sense to me but i got a little worried...anyone know if there is any truth to this?
That is BS.
Untrue, plenty of people sell a stock at 11AM and buy it back at noon. You are only allowed to flip it like that 4 times in, I think, 5 business days. I personally have sold one day and bought back the same day.
Payup,
I believe that you are probably right on this - I heard this mentioned on other threads.
When I said that it was BS, I meant that you didn't have to wait a MINIMUM 30 days. I knew that you could rebuy sooner than 30 days as btownfas was asking. Just to clarify my position.
GLTA
Posted by Phoenix on :
quote:Originally posted by pay up:
quote:Originally posted by dkinvest:
quote:Originally posted by btownfas: Hey guys, nothing about paim or anything but i have a quick question. Today at work someone mentioned something to me about flipping stocks for profits, they said that if you buy and sell you can't rebuy the same stock for 30 days. It didn't make much sense to me but i got a little worried...anyone know if there is any truth to this?
That is BS.
Untrue, plenty of people sell a stock at 11AM and buy it back at noon. You are only allowed to flip it like that 4 times in, I think, 5 business days. I personally have sold one day and bought back the same day.
Pretty sure you can only do it 3 times in 5 days.
This is what Scottrade says anyway:
"Q. What is the definition of a "Pattern Day Trader"?
A. The NASD defines a Pattern Day Trader as "any customer who executes four or more day trades within five business days, provided the number of day trades is more than 6% of the total trades in the account during that period"."
Posted by ttmp on :
Ray
Your coworker was probably thinking of the Wash Sale Rule...link below.
10-sec version: You can't sell something at a loss and claim it on taxes if you re-purchase that same security within 30 days.
tp
Posted by bobcat88 on :
Did everybody bail? Today is not what we are used to, hardly any trades going through. Does everyone have thier heels dug in?
Posted by ttmp on :
Ray...sorry
My post was meant for btown...
tp
Posted by Knuckles on :
<--- holding
Posted by dkinvest on :
quote:Originally posted by bobcat88: Did everybody bail? Today is not what we are used to, hardly any trades going through. Does everyone have thier heels dug in?
This is a stock to buy, then forget about it for 18 months, then come back and see how rich you are.
IMHO
Posted by ohio_trader on :
PAIM- new symbol 213 (lol)
price .0002 b.s. ask .0003 b.s. bid .0001 real b.s.
mm is getting very, very rich imo......
if your out now stay out,i four in now stay in and lets put this gane playing to bed
**do your homework**
Ohio_Trader
Posted by SuperSniper00 on :
If you declare yourself a trader you just add your capital gains/losses to your AGI anyway so it doesn't matter how many trades you make. Unless you buy on margin it takes 3 days to settle.
Posted by megahead34 on :
I'm still holding all my shares.
Posted by ohio_trader on :
your right...but who pays .0003, one a stock sells for .0001......would you buy microsoft for $80+ ...hell no!!!
Posted by ohio_trader on :
Sniper and i dont buy any stock with crazy spreads...to easy to get burned...and your making the mm rich...no way !!
Are you the mm...baggin everyone ?????
hmmmmmmmmm
Posted by Ripler on :
i lost my appetite from this stock
Posted by J_U_ICE on :
This is gonna make me start my St. Paddy's Day drinking early
Posted by WangChung73 on :
Hey! Where's my 100 BILLION "preferred" shares?
Posted by lilpennypincher on :
quote:Originally posted by BuyTex:
you funny speed-reader--checked 7k posts aleady?
OK, let me get this straight.
first SS was "pumpin" this pick, but now he's not? Is that your major point?
WOW, you do have over 7,000 posts. You crazy texan.....Boy can you talk.
get back to 4 words. LMAO
Posted by BuyTex on :
you make me crazy Posted by Gurgle Smurf on :
Go to and read: pearlasian.net/news/ Click on the links.
It seems that PAIM has been saying it had gold in the mine since 2004, and has been marketing itself on its potential earnings since 2004.
Someone tell me why, in 2006, that everything is going to happen now -- when, according to the older PRs, it was supposed to happen in 2004 ?
Is it some goverment restriction thing or something ? Clarification, please.
Posted by SuperSniper00 on :
quote:Originally posted by ohio_trader: Sniper and i dont buy any stock with crazy spreads...to easy to get burned...and your making the mm rich...no way !!
Are you the mm...baggin everyone ?????
hmmmmmmmmm
Good call, that is a death spread. Not going to go anywhere. Either way the hype is over...check back in 9 months.
Posted by BuyTex on :
quote:Originally posted by Gurgle Smurf: Go to and read: pearlasian.net/news/ Click on the links.
It seems that PAIM has been saying it had gold in the mine since 2004, and has been marketing itself on its potential earnings since 2004.
Someone tell me why, in 2006, that everything is going to happen now -- when, according to the older PRs, it was supposed to happen in 2004 ?
Is it some goverment restriction thing or something ? Clarification, please.
Pearl Asian Mining Industries Inc. Obtains Minerals Mining Production Sharing Agreement (MPSA) to Start Mining Operations in the Philippines Related Stocks PRMN
Pearl Asian Mining Industries Inc. (PRMN - news) obtained a Minerals Mining Production Sharing Agreement (MPSA) to operate on the historically known minerals rich Masbate's Gold Mining Properties. Pearl Asian received a 25 year mining operating agreement, renewable for another 25 years thereafter.
Pearl Asian Mining Industries Inc. has received a Mineral Production Sharing Agreement (MPSA) Certification, Permit & License to Perform Mining Operations in the Philippines (an equivalent of the mining rights in the US & Canada) which was issued by the Region V -- Mines & Geosciences Bureau .The MPSA Certificate is staked to operate in mining sites with proven reserves of GOLD, SILVER and COPPER, comprising over 8,000 hectares (19,768 acres). This is a Pre-World War II Gold Mining Property with High Grade Gold Ore containing approximately 90.37 grams per ton of Gold and 533.6 grams per ton of silver. After installation of a 50-250 TPD (Tons Per Day) Production Plant, that can process an average of 15 grams of Gold per ton of ores, PRMN can produce an estimated 3,750 grams of Gold or 120.57 Troy Ounces of Gold per day.
Pearl Asian entered into a joint venture agreement, represented by its Founder -- E. Pearl Asian & PRMN-Philippines' President-CEO, Mr. Villanueva, for the Minerals Mining Production Sharing Agreement with the Baleno Amalgamated Minerals, Inc. (BAMI) of Masbate, represented by its President, Mr. Salvacion and Vice-President, Mr. Buenaflor. The working alliance is called the "BALENO GOLD PROJECT (BGP)".
"Operation Gold Finger: BALENO GOLD PROJECT" will consist of four phases: Phase I -- Acquisition of Brand New Ball Mill Plant Facility & Refinery, Phase II -- Building & Development, Phase III -- Processing & Smelting, & Phase IV -- Productions.
Phase I: PRMN will install a 50-250 tonnes per day (expandable as needed) processing mill facility in the gold rich Province of Masbate. The gold mill plant will be an effective, efficient, environmentally friendly and state-of-the-art gold mill plant facility. This milling plant will also focus on processing all the ores, serving the small scale miners. The new Pearl Asian Gold Mill Facility (PAGMF) is anticipated to be built within the next 30-60 days on the XYZ Mine Site of the Baleno Mine Sites. The Pearl Asian Gold Mill Facility will begin processing gold, silver and other precious metals immediately after installation with approved positive quality control as early as the first quarter of 2005.
A Preliminary Geological Evaluation Report was prepared by Asia Minerals Corporation of Vancouver, B.C., Canada on July 29, 1997. Briefly, the gold-quartz veins on the XYZ mine site alone showed assays that include 21.4 g/t Au (Gold) and 86.4 g/t Ag (Silver) across a 1.0m section of the vein (97XTR-03). Another assay result of 1.3 g/t Au and 1.8 g/t Ag in a grab obtained from the adjacent footwall (97XTR-04). Soil samples adjacent to the vein overlying the footwall rock showed an assay of up to 2226 ppb Au and 3.1 g/t Ag (97XTS-02).
Pearl Asian, by a unanimous decision and approved Corporate Resolution, announcing effective October 8, 2004, the Limited Investment Private Offering to raise immediate funds of Two - Five Million, ($2,000,000 - $5,000,000) US Dollars, to be used for its gold mining projects, from acquisition of existing and abandoned mines all over the Philippines, to future minerals explorations, developments, building Pearl Asian Gold Mill Facilities, and the productions of the most sought commodity -- Gold, Silver and other precious metals.
Everyone is very excited and looking forward to this new working alliance as both companies see what the profitable results of Pearl Asian's Baleno Gold Project (BGP) would do for the two companies and their shareholders, as well as what BGP will do to benefit all the people of the town of Baleno where the mine sites are located.
Pearl Asian's Senior VP-COO, Engineer Peter C. Caleon, renowned Philippines Geologist & Mining Engineer leads the Pearl Asian's Operation Gold Finger "Team." Together, Eng. Caleon is working side by side with the company's President / CEO, Randolf Villanueva, with the legal advise from the renowned Judge Rey Maulit. "We are on the road to reaching our goal for a profitable Return of Investments of our shareholders," quoted President Villanueva.
During the first quarter of 2005, Pearl Asian anticipates to produce an estimated 5,000 troy ounces of GOLD, several thousand troy ounces of Silver & other precious metals from the ready to be processed gold ores!
Forward-Looking Statements:
With the exception of historical information, this news release and accompanying information may include forward-looking statements that involved a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors. There are numerous factors that could contribute to such difference, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results.
INVESTOR RELATIONS (650) 943-2488 FAX: (650) 943-2489
Posted by DIGDOUGH on :
They have my permission to start now. A year and a half and 2 symbol changes and at least one reverse split should be adequate preparation for shoving a shovel into the ground and picking up some minerals. IMO
Posted by SuperSniper00 on :
quote:Originally posted by BuyTex:
quote:Originally posted by Gurgle Smurf: Go to and read: pearlasian.net/news/ Click on the links.
It seems that PAIM has been saying it had gold in the mine since 2004, and has been marketing itself on its potential earnings since 2004.
Someone tell me why, in 2006, that everything is going to happen now -- when, according to the older PRs, it was supposed to happen in 2004 ?
Is it some goverment restriction thing or something ? Clarification, please.
are you saying that PAIM is a continuing fraud from 1999?
please clarify since you posted that....
Posted by BuyTex on :
background--when you're doing DD for an investment? check the background.
If you're just riding a play, play the momentum...
In this particular case, GSmurf asked about background...I answered...
btw? I like your tone better, tonight Posted by cactus33 on :
background?
tex im just curious, what does that article mean to you?
are those the same people around today?
just curious why you are so negative on this..
btw im not lookin for a fight, i was a little frustrated with some people comin thru after they sold bashin this.
Im not frustrated at all b/c i got in cheap before any of this frenzy, but im gonna hold...
thinkin this may pay off..
Posted by pay up on :
Originally posted by Gurgle Smurf: Go to and read: pearlasian.net/news/ Click on the links.
"It seems that PAIM has been saying it had gold in the mine since 2004, and has been marketing itself on its potential earnings since 2004.
Someone tell me why, in 2006, that everything is going to happen now -- when, according to the older PRs, it was supposed to happen in 2004 ?"
MY THOUGHTS, Work conditions in the Phillipines are totally different than here in the states. If you have machinery break down you don't just go get a part off the shelf to fix it. It has to be ordered and then you wait and wait for it. It's like the postal service in Costa Rica. I sent a post card from Costa Rica to Florida. I sent it Jan 20th. It got to Florida March 10th. I invested in a US company in the Phillipines years ago and they had nothing buy problems. Their cost finally put them under. Oh yea, they were after gold too.
Posted by SuperSniper00 on :
Yes the same people who were involved in DoM are the same people who are involved in PAIM. Elvira Gamboa aka pearlasia has been working with sandy winnick for the past 5-6 years putting out spin offs upon spin offs, all using some sort of DoM theme.
This was a momentum play, it was very attractive since it was only .0001. Now the momo is over. There is no gold. Sorry.
Posted by cactus33 on :
IMO
i agree pay up, I heard recently that they had to get some serious protection out there to guard from rebels and thieves..
hence the prs about how political instability isnt affecting them now
gold mining is a very lengthy process and is never a sure thing..
especially in a third world country, if you remember, the british fought war after war for prized diamond mines in S africa... look where that got them.... trillions..
it takes a fortune just to extract the gold a lot of people are still sellin and a solis base of .00025 is forming.
IMO
dont take as investment advice, invest at your own risk and GLTY
Posted by BuyTex on :
quote:Originally posted by cactus33: background?
tex im just curious, what does that article mean to you?
are those the same people around today?
just curious why you are so negative on this..
btw im not lookin for a fight, i was a little frustrated with some people comin thru after they sold bashin this.
Im not frustrated at all b/c i got in cheap before any of this frenzy, but im gonna hold...
thinkin this may pay off..
longish post--
Well, "Pearl Asia" is still around, right? dig around, and you'll find that e-mail address linked to President of DoM...
lol, I'm not "negative"; I could almost care less...but one thing I do here is help steer folks toward DD. Another thing I do is *ask* questions--answers might steer me.
Put it this way: two well-known plays on this board are RavenMoon and WiFi TV: lol, can't cite current tickers offa the top of my head--they change often. Anyway, they have a repeated cycle dilution-r/s-run-dilution-r/s. Each time leading to a run, you'll see newbs get all excited and post about "real product" and retiring rich yada yada. Some older hands will post the background and immediately get labeled as bashers yada yada. It runs a bit, then the cycle repeats. Of course, by then there's a dozen new threads, so the DD is no longer in-thread...
In cases like these, the question becomes, "what has *changed* ie, how/why this is now a "real deal"?
peeps get confused about "pumping" v "bashing"
facts are facts...
But, as you alluded in your first reply, we have many newbs here and many, many lurkers. It does the board no good to let them get burned without pointing out a few things. The more good, solid, honest traders we have, the better. But when someone gets burnt on a scam, it can reflect on the board. They may go elsewhere, which is their choice--or they may give up trading just because some scammer got to them. That's not good.
make sense?
Posted by cactus33 on :
go play fantasy baseball
superbasher00
were'nt you the one on RSHN yesterday saying the run was over....
LMAO
any other predictions???
tell me, whatever you think will go down, i'll know exactly what to invest in.
also be careful, i noticed that you keep naming specific names as criminals..
I hope those people dont see this and decide to take issue with you about your exact thinking....
btw do not take my posts as investment advice it is strictly my personal opinion
Posted by cactus33 on :
tex thanks, i think you are right on..
I do have a great friend in the dallas fort worth area, im sure your just as friendly
i see that you've been around here for awhile so "respect to ya"
thats all
Posted by lilpennypincher on :
quote:Originally posted by BuyTex:
quote:Originally posted by cactus33: background?
tex im just curious, what does that article mean to you?
are those the same people around today?
just curious why you are so negative on this..
btw im not lookin for a fight, i was a little frustrated with some people comin thru after they sold bashin this.
Im not frustrated at all b/c i got in cheap before any of this frenzy, but im gonna hold...
thinkin this may pay off..
longish post--
Well, "Pearl Asia" is still around, right? dig around, and you'll find that e-mail address linked to President of DoM...
lol, I'm not "negative"; I could almost care less...but one thing I do here is help steer folks toward DD. Another thing I do is *ask* questions--answers might steer me.
Put it this way: two well-known plays on this board are RavenMoon and WiFi TV: lol, can't cite current tickers offa the top of my head--they change often. Anyway, they have a repeated cycle dilution-r/s-run-dilution-r/s. Each time leading to a run, you'll see newbs get all excited and post about "real product" and retiring rich yada yada. Some older hands will post the background and immediately get labeled as bashers yada yada. It runs a bit, then the cycle repeats. Of course, by then there's a dozen new threads, so the DD is no longer in-thread...
In cases like these, the question becomes, "what has *changed* ie, how/why this is now a "real deal"?
peeps get confused about "pumping" v "bashing"
facts are facts...
But, as you alluded in your first reply, we have many newbs here and many, many lurkers. It does the board no good to let them get burned without pointing out a few things. The more good, solid, honest traders we have, the better. But when someone gets burnt on a scam, it can reflect on the board. They may go elsewhere, which is their choice--or they may give up trading just because some scammer got to them. That's not good.
make sense?
I've got his back on that one. Bravo you crazy Texan!
Posted by positivearn on :
Where are all the posters?
Posted by jermarksey on :
all got booted
Posted by cactus33 on :
whats this mean?
0.0001 9000000 OTO 16:25:04 0.0001 9000000 OTO 16:25:00 0.0001 9000000 OTO 16:24:56 0.0001 9000000 OTO 16:24:52 0.0001 9000000 OTO 16:24:41 0.0001 9000000 OTO 16:24:37 0.0001 9000000 OTO 16:24:33 0.0001 9000000 OTO 16:24:28 0.0001 9000000 OTO 16:24:24 0.0001 9000000
mm's loading up or just going over old sales i'm guessin?
from what im seein no one got a .0001 buy in except the mm.
.0002 and you could get in though for sure.
IMO this week was just a selloff from all those traders that go by the book and instantly flip at any gain.
the company said that no gold will come from the ground until 4th quarter, thats months away..
if that happens then this thing goes to the moon.
mining isnt easy,
i just wonder why some people come thru blaming the people that run pearlasia as being criminals.
this seems to be a ringing theme thru-out a lot of bashers across different boards.
Im guessing that a company with a similar name duped people around 2000..
I dont know if this is the same people, companies, motivations etc.
this is just my opinion, do not take as investment advice.
Posted by megahead34 on :
So when do we see the new shares on our accounts?
Posted by amswap on :
I bought 2.5 mil shares at .0001 - Finally! I have another order in for a lot more, but it didn't get filled. My 2.5m order went through 30 min before close.
Posted by bobcat88 on :
I'm still here, although I'm only holding half my shares, do have a buy in for more a 1 though, was wondering if you got banned with the others cactus, good to see your still kickin.
Posted by bobcat88 on :
Mega - from what I know you will see the divi shares on the 31'st
Posted by cactus33 on :
banned? nah over at IHUB maybe, on a constant basis..
who else got banned, whats that all about cat.
banned for what?
I feel like sometimes you have to stir it up a little. shakes the honesty from people
BUT, like i said earlier to someone else in a post
arguing with someone in a Bulletin board is like competing in the special olympics..
even if you win... you are still retarded
heh
drink up for st patty
Posted by 7 of 9 on :
why does anyone here care whether here any gold?
do u think dear pearl will someday put out the PR
"Sorry, stockholders, nevermind, all a mistake, never was any gold or mine, all a scam, like DoM, got you all, dumping billions of shares using the mms EFGI and HDSN."
wrong,
there are 100 prs to come, all filled with a growing pile of gold!
im still in at 1.
could i get in cheaper?
dont let the mms make u sweat r u will join the army of bagholders
also, sniper: u think the real scammers sell stock at 0.0001? Are u sure about that?
Who is holding ITRJ?
Who is holding TWOG at 62?
Posted by bobcat88 on :
Guess tere has been a quarrel im the family and some top posters were banned from this site and have moved over to another site. Dont want to post the name of the new site in fear of being banned myself. Who know it could just be a major group play!Glad to see you still here 7 and see you over on the other side as well, so you still have 2%?
Posted by bobcat88 on :
Sorry about the spelling on the last post but something about all the green beer effects my spelling.............
Posted by cactus33 on :
really, dang over at RB maybe?
they arent gonna ban you.
someone went squeeling to the moderator huh.
hate snitches, i have my guesses who did that, i may be on the watch list.
oh well, ever heard of the 4th amendment
its UNREAL the depth that people will go to bash this stock, totally strange.
has like a qbid following but this stock may actually make you money.
I got in at .0001 at the last second, had my order filled in 1 second. only way it can go lower is if they pull a pacel or go bkrupt, in that case i have 8 billion preffered.
this is all my personal opinion, do not take as investment advice.
Posted by bobcat88 on :
I tried buying more at 1 all day but my order didnt go through though, think I was trying to buy too many shares though. It wasnt RB, another new board that has only been open for a couple weeks.
Posted by cactus33 on :
for real, where da family at?
private msg me the link playa
.0001 is over, only for the mm's now.
dont listen to supershorty00, thinking .0001 will be a cinch.. please
this stock will take balls to own hang tight?
all IMO
Posted by 7 of 9 on :
bobcat
i still have 2% of the float, plus the full div, whatever that might be, but keep in mind with the massive shorting on this stock 2% is like 6%, if it ever goes up.
bashing or discussions about scams are a little pointless for a pink pos trading at 0.0001.
for true scams see GM
Posted by TheCreator on :
really? is that why you bash RSHN all the time?
quote:Originally posted by 7 of 9: bobcat
i still have 2% of the float, plus the full div, whatever that might be, but keep in mind with the massive shorting on this stock 2% is like 6%, if it ever goes up.
bashing or discussions about scams are a little pointless for a pink pos trading at 0.0001.
for true scams see GM
Posted by cactus33 on :
i agree with you on gm
they dont make $
Posted by bobcat88 on :
You dont have PM enabled cactus
Posted by cactus33 on :
oops sorry hold on dude hit me up in a minute
Posted by SuperSniper00 on :
quote:Originally posted by cactus33: go play fantasy baseball
superbasher00
were'nt you the one on RSHN yesterday saying the run was over....
LMAO
any other predictions???
tell me, whatever you think will go down, i'll know exactly what to invest in.
also be careful, i noticed that you keep naming specific names as criminals..
I hope those people dont see this and decide to take issue with you about your exact thinking....
btw do not take my posts as investment advice it is strictly my personal opinion
I never said RSHN run was over you idiot. I said be careful with it because as fast as it goes up it will go back down twice as fast one day.
Now as for paim...game over. I sold the rest of my shares today before it finds its resting place deeper than the mine they have that doesn't exist.
Who hires a guy in investor relations that has no backround in stocks? Richard C's backround is construction lmao
Posted by Bigrod40 on :
Right on Supersniper, so you have sold all? So this means you won't be posting here any more, Right? By the way did you make any money?
Posted by cactus33 on :
here we go back to name calling, weakshorty00..
im an idiot?
dude, you pump fantasy baseball?
thats worse than dungeons and dragons
shorty...
lets go ask half the rshn thread about how you never said that rshn was done..
you dont think people have to deal with pr in construction?
figurin you've never had to do that type of work before..
because you are sitting on your arssss on the computer all day bashing and pumping.
gee i hope your fantasy team does well this year..
geek
this is just my personal opinion, do not take my posts as investment advice.
Posted by cactus33 on :
bigrod, he keeps coming thru here saying he dumped PAIM like a girlfriend...
but he wont leave..
like those crazy chicks that wont leave you alone after you dump their arssss
I notice that people are just plain tired of weakshorty00
this is just my personal opinion, do not take my posts as investment advice.
Posted by Knuckles on :
"dude, you pump fantasy baseball?
thats worse than dungeons and dragons"
I'm so sorry but you got that wrong, anything to do with sports is nowhere near as lame as DnD.
Posted by cactus33 on :
dude if you want to quote me click the quotes emblem that is located in the far right of box,
it will open a window with what i said..
now go play fantasy kid....
tell me if a-rod beats out pujols
heh
this is just my personal opinion, do not take my posts as investment advice.
Posted by bobcat88 on :
quote:Originally posted by SuperSniper00:
quote:Originally posted by DWE: Thanks Sniper.
But it still leaves me with asking what is the hype all about with PAIM though? Please give me your honest opinions where this company is going within the next month or after.....
I really think this stock is legit despite all the weird names and sandy winnick connections. If its all a lie well call me sally and whip me with jelly beans because the timeline all the PRs are on, and the DD i've done all match up really well. No loophole in any of it except this whole F/S deboggle, which is in the process of being straightened out.
Ive spent 6 months in the philippines so i know a lot is lost in the translation of cultures from time to time and some of they do have weird names.
I think the stock will run between the 7th and 17th but thats my novice guesstimate. After that I predict slow growth until the end of the 3rd quarter and beginning of the 4th quarter when this stock is pulling in its $300million in revenue.
Another thing is watch out for is PAIM is currently trying to get the permit for the rest of the 1800 hectares at the XYZ mining site. I think once they acquire it they could find additional deposits of gold. Most of the mines they work on are old abandoned mines that have been sitting there for years. That means there is less work to be done.
This company has no debt and expense costs should not be high since filipino labor is extremely cheap.
Literally and figuratively a friggen gold mine.
So, Sally, what kind of jelly beans would you like to be whipped with...........not insulting, just found it funny. You did predict till the 17'th.
Posted by cactus33 on :
bobcat, great job...
EXPOSED!!!!!!!!!!!!
Posted by Bigrod40 on :
PLEASE READ!! Then decide if PAIM is for real? If you don't go away, if you believe please stay and let your patience reward you.
I had a nice chat with PAIM IR guy Richard Miller today. He answered the phone when I called and we had a nice 10 or 15 minute chat. He is adamant that this is not a scam, that Pearl Asia is a very nice and sincere lady, and everything she has told him so far has been true.
I tried to get details of how the Preferred stock distribution would work, but he didn't yet have details and seemed a little unknowing in how the shares would be distributed and/or priced.
He also reiterated that Pearl has said NO REVERSE SPLIT, at least for the time being.
this is all in my personal opinion, do not take this as investment advice.
Posted by bobcat88 on :
Have a good weekend all..........
Posted by cactus33 on :
oh yea i forgot this part from penny 3
supershorty00, since you doubted richard..
He also reiterated that Pearl has said NO REVERSE SPLIT, at least for the time being.
Anyway, this should be interesting....
Call him yourself, he seemed very chatty and well adapted to his position...
Pearl Asian Mining Industries Inc. - Philippines Richard C. Miller, 770-336 5824 IR*PearlAsianMining.com
This is all my personal opinion..
do not take this as investment advice.
Posted by bmwboyee on :
30,000,000,000,000 = PAIM's new O/S after F/S ?
Posted by cactus33 on :
quote:Originally posted by bmwboyee: 30,000,000,000,000 = PAIM's new O/S after F/S ?
pretty sure..
a majority of those are not tradeable..
they are deemed preferred shares the F split was to defeat naked sellers and prove that the company wont split at such a low point in its stock life.
so thats a little mis-leading
this is all my personal opinion, this is not meant as investment advice
Posted by SuperSniper00 on :
What does a R/S have to do with anything? The stock is already diluted enough. IF and this is a big if here, if there was NSS going on a R/S would save them...also a R/S detroys market cap, why would they want to do that? im pretty sure you dont even know what that means
Yeah i did sell it all. I still have 20 billion preferred shares though. Did I make money? No i didn't i decided to cut losses at .0002 and move it into rshn at .0017, yes i do think rshn is a joke and a crappy company, doesn't mean i cant make money on it
the dividend was not intended to "defeat naked sellers"...nor was it intended to defeat naked short sellers...and that was coming from the IR guy himself
just face it dude, you dont know how the OTC or pinks work at all...the time window of opportunity on paim passed, it passed and paim was a dud...now stop misleading the people here with your relentless pumping rhetoric
and yeah fantasy baseball...millions of people play fantasy sports...hardly a comparison to D&D
now take a seat son and come back when you can buy a beer
Posted by cactus33 on :
you sold off....
WHY ARE YOU HERE THEN...
shorty00
GO PLAY FANTASY BASEBALL.
I feel bad for the people over at RSHN...now that you own that
and i am so glad you left paim
the minute you sold the thing nailed .0002 into the close...
thanks jinx.........
this is my personal opinion, do not take my posts as stock advice..
Posted by BuyTex on :
cactus--everybody--please give up on the "why are you here" argument...
lol, argue the merits of the debate...
STOCK TRADING board...y'all
Posted by cactus33 on :
its only with shorty00, cmon tex
everyone is invited to paim party..
super shorty 00 is a sham to me, sorry tex..
he follows me around everywhere.
and just puts down paim, i feel like i add to paim he doesnt anymore, maybe before.
but now hes dumping on it that hes gone..
half this thread got banished tex?
dont push it, please just chill
im just trying to defend paim
can we just get along now....
i'll add more from robetrydr post at another site I hope he doesnt mind postin this cause i thought it was good.
Over at investors hub there seems to be a lot of confusion. It seems that some think that the Van Couver Island propery of PAIM is the hot property whereas it is the Philippines property that has the most potential.
Shortly after the common forward split a MM that specializes in Preferred (MURF) was often on the offer of PAIM. That is the only time I've ever seen MURF represent on an unsolicited pink. It seems unlikely that MURF would have had stock in PAIM to offer.
I can't find what makes PAIM a scam. It has been verified that it has interests in mining properties in two countries. It may have some assets that don't look that attractive, 20 acres lot in big island of Hawaii, 3,000,000 shares of IFYMF and 500,000,000 shares of PYCT. She may have been better off with holding the silver mining properties since silver looks good, but who knows where PYCT will go.
PAIM had or has a real office in Canada, and the office in the Philippines Stock Exchange building is a real functioning office. I sent a friend over to look at it, and he said its the best looking office he's seen in that country, with a dozen employees on the job, including engineers.
I googled for President of Dominion of Melchizedek and found a web site with a picture of an old guy that looks like the founder of Berkshire Hathaway that is the president of DOM not E. Pearl Asian. She may have been the president at some time in the past but the old guy in the picture (an ex-law enforcement guy) seems to have held that position for the past several years. I read in an article called Spooky Billions that there was speculation that Pearlasia, when president of DOM was an agent of a foreign government using DOM to catch criminals. Notice that she was never arrested or charged with any wrong doing from what I could find. If you can find something else, please let me know. I ran various searches and can't even find any pending civil cases against her, or against her company, PAIM, and PAIM has been OTC for several years.
this post is entirely my personal opinion, and is not to be taken as investment or legal advice. I am not an expert in legal or investment matters.
Posted by BuyTex on :
let's keep it to the merits of the stock, lol...
you guys figure it out--that's cool--but let's play nice Posted by cactus33 on :
quote:Originally posted by BuyTex: let's keep it to the merits of the stock, lol...
you guys figure it out--that's cool--but let's play nice
playing nice... and penny stock market..
thats an oxymoron..
Posted by Ka-Ching on :
Wow...some good discussion on PAIM here. I kinda bought this thing at .0002 on the 'hype' and the 'hope' that a very good trader I know had a grasp on what was to come for this stock....he apparently did not - and was discouraged by the voluminous selling . I didn't like the L2 late-day today(or ALL day for that matter) for PAIM, but I'm just holding for the time being, with my GTC order at .0003. (I'm used to stuck-holding)
Posted by 7 of 9 on :
new facts
I has been suggested now that it was Pearl herself who paid the $295 fee to pinksheets.com in order to display the (realtime) L2 quotes.
I think Pearl wanted us all to see the open naked shorting by EGFI and HDSN, which has continued since day 1.
On Fri they both pushed the ask down to 2. This is a desparate shake. They want peopleto sell at 1 but I am trying to buy.
NITE is in there flipping shares.
All these mms offer "unsolicited" quotes which means:
1) they are not executing customer orders, only for themselves 2) they are not trading real shares, only short shares
i think egfi and hdsn have created at least 10b short shares and thats what is trading.
there is no way a stock with 5b float would trade 2b shares every day. it just wont happen.
pearl wanted everyone to see the shorting.
i like the new, CIA connection. good point cactus. no arrests ever for DoM. hhmmm.
Martha Stewart went to jail but not Pearl.
I think maybe Rick the IR guy is the "MIB", or knows them.
quote:"I googled for President of Dominion of Melchizedek and found a web site with a picture of an old guy that looks like the founder of Berkshire Hathaway that is the president of DOM not E. Pearl Asian. She may have been the president at some time in the past but the old guy in the picture (an ex-law enforcement guy) seems to have held that position for the past several years. I read in an article called Spooky Billions that there was speculation that Pearlasia, when president of DOM was an agent of a foreign government using DOM to catch criminals. Notice that she was never arrested or charged with any wrong doing from what I could find. If you can find something else, please let me know. I ran various searches and can't even find any pending civil cases against her, or against her company, PAIM, and PAIM has been OTC for several years. "
Pearlasia aka Elvira Gamboa is the wife of the son of the founder of DoM. That would make the founder her father in law. It was also 14 years ago when it happened. Who is to say she didn't go to jail for 6-8 years for fraud?
Either way the connections to Mario Pino and Sandy Winnick are enough to qualify anything she does as a scam.
Posted by plni on :
Thanks for the great DD gentle people lets stick to the facts only and make this board even more professional.
Posted by tyleemary on :
quote:Originally posted by cactus33: you sold off....
WHY ARE YOU HERE THEN...
shorty00
GO PLAY FANTASY BASEBALL.
I feel bad for the people over at RSHN...now that you own that
and i am so glad you left paim
the minute you sold the thing nailed .0002 into the close...
thanks jinx.........
this is my personal opinion, do not take my posts as stock advice..
WAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
Posted by ohio_trader on :
Here's the short skinny.....this stock isn't going to do anything major in the short term..a lot of price maniluplatioon has gone on...opportunities sat to make 300%....and this stock probably took MORE bashing in a 3 week period...and you could have made 300%....thats why i use this board as a siff.
alot of b.s. was posted on her about this company recently....yet it was a GREAT buying opportunity...i sold it and kept just enough plus my free shares .....IN CASE they pull the all time mother load out of the mine
****but i'm not crying when i made 300% and anyone else that bashed had the same opportunity...
If there is money in this stock...at least a 6-1/1/2 yr hold...IMO
*****its now resting in my novelty portfolio along with CWFG..every good trader should keep a novelty portfolio....in case that day hits***
**do your homework**
Ohio_Trader
Posted by LaQuintaGolfer on :
I was Happy to See PAIM was mentioned in this newsletter from a Philippine Broker. See the following (unfortunatly the graphs did not copy and paste) :
MDR Securities, Inc Weekly Market Report March 13 to March 17, 2006 Edition To profit the most from an investment, you need to be able to wait long enough for it to achieve its full potential. So if you're "risk-averse" by nature, it might be a good idea for you to avoid paying too much attention to the news. If you're watching television and the nightly business report comes on, change the channel. Set aside the business section of the paper to read on a rainy day. Ignore cocktail chatter about investing. That way, you're more likely to stick to your trading plan instead of letting your emotions overpower your better judgment. - Andrew Gordon, Early to Rise
Mining Industry’s Rise: Inevitable Phisix: Gaining Momentum For The Much Awaited Breakout?
"Respect for the truth is an acquired taste." Mark Van Doren, Liberal Education, 1943
Philippine President GM Arroyo’s move to lend an ear to the Catholic Bishops to pave way for a “review” of the mining statute has elicited some concerns among some investors.
The Catholic Church has been openly opposed to the revival of the mining sector due to “environmental” concerns and this, in my view, has prompted several prelates to explicitly call for her resignation using the “legitimacy” issue as camouflage.
PGMA’s resolve to open communication channels with the influential Catholic Church is obviously a political ploy to “damage control” or reverse the declining tide of her political stock.
Nonetheless, considering the cash strapped position of the government plus the potential revenues it can generate, aside from broadening influence of resource-based geopolitics, the renaissance of the mining industry will unlikely be forestalled by the whimsical and baseless impositions of the myopic, self-righteous and socialist leaning Catholic Bishops.
The emerging risks in the mining industry has been on the aspects of “nationalization” (Venezuela, Bolivia, Zimbabwe), and/or increase in royalties or government share on mining revenues (Chile). While we have seen similar protests lodged by the Church in several Latin American countries, governments have not curtailed mining activities but instead increased its participation by either increasing equity on projects or demanding higher take on revenues. In short, it’s all about money.
In the Philippines, there is “nothing to nationalize” or nowhere to demand for an increase in shares of revenues simply because there is hardly an industry to speak of. In a speech delivered to the Asian Mining Congress in 2004 former Department of Environment and Natural Resources (DENR) Michael Defensor noted that there are ``only two (2) big mines in operation. Added to these are three (3) medium-scale chromite mines, four (4) medium-scale nickel mines and five (5) medium-scale gold mines with fifteen (15) cement plants and quarries at work.”
On the revenue side, when one speaks of generating US$61.4 million from excise taxes, and US$432 million in Corporate taxes annually, such magnitude makes the industry too compelling to ignore as to write it off for the sake of unjustified bugaboos (Mining admittedly has some negative environmental impacts but doesn’t “destroy life”~ pure bunk!). In essence, given the resource rich potentials of the country, no matter who sits as President (even a Prelate!) will be compelled to harness the revival of the industry for financial and economic purposes. The $64 question is, how it would be done (open to foreign investors, or government instituted).
Moreover there is the issue of geopolitics.
Rising commodity prices, which have been the outgrowth of investment and macroeconomic cycles compounded by the ramifications from collective government policies, is here to stay for sometime. Some market experts have even been suggesting that the present cycle could even last until 2050 based on the Kondratieff (Soviet economist Nikolai Kondratieff) rising long wave cycle count which spans from 45 to 60 years peak to peak! Analyst Martin Spring quotes Kenneth Rogoff, professor of economics at Harvard, “For at least the next 50 to 75 years, prices for many natural resources are headed up.”
This means that securing resources as oil, natural gas, copper, gold, silver, molybdenum to soft commodities (agriculture) will increasingly be the driving force behind geopolitics!
Figure 1 courtesy of analyst Martin Spring’s On Target.
In the words of Dr. Marc Faber (emphasis mine), ``when markets are glutted and over-supplied, no one is going to fight in order to satisfy his demand. Conversely, when markets are characterised by acute shortages, people will fight and go to war in order to secure their required supplies, particularly when the shortages that might arise or that have already arisen threaten the physical and economic survival of the groups or countries involved.”
What this means is that there would be intense pressures from extraneous forces to revive our resource based industries such as the mining industry, (whether the Catholic Bishops like it or not). For example, I expect the Chinese government to ante up their presence towards shaping local politics (e.g. the aborted attempt to buyout UNOCAL by China’s CNOOC was a purported backdoor play to Asia’s energy resources, the current $400 million North Rail project from Caloocan to Malolos could be one of the icebreakers). To the extent that chronic shortages of a particular commodity could possibly pose as a casus belli (for an invasion)! In short, the revival the mining industry is simply inevitable for as long as current commodity dynamics prevail. Either we will open the industry and benefit from it through trade, or someone will eventually do it for us.
Finally, we should let the market speak for itself. While the present developments may give an investor anxiety over the consistency of policies adopted by the present regime, the financial markets will tell us whether these concerns are treading on valid grounds based on the collective psychology of investors represented by price values. Since the announcement of PGMA to “review” the Mining Act, the performance of local mining companies listed abroad has been mixed, Sur American Gold <CA:SUR> soared 26.67%, Mindoro Resoures <CA:MIO> down -3.66%, Philex gold <CA:PGI> surged 37.5%, TVI Pacific <CA:TVI> fell 6.67% while Pearl Asian Mining <PAIM>slumped 33.33%.
Figure 2: Philippine Mining Index
Meanwhile the Philippine Mining & Oil Index posted a hefty 7.86% advance this week, the best performer among sectoral indices in the Philippine Stock Exchange as shown in Figure 2. As far as the markets are concerned, there are certainly no strains of a policy reversal.
Phisix: Gaining Momentum For The Much Awaited Breakout?
“The real voyage of discovery consists not in seeking new landscapes but in having new eyes.” Marcel Proust French novelist
The markets are getting quite volatile. Last week assets across varied classes took a beating on liquidity concerns. This week such anxieties appeared to have been mitigated as the global markets rebounded strongly.
The US dollar index fell by a considerable 2.08% relative to its major trading partners as the Euro (+2.32%) and the Yen (+2.76%). The dollar was likewise softer against ALL Asian Currencies including China’s remimbi. Our Peso surged by .51% to 51.04.
Meanwhile US Treasuries rallied with the 10 year benchmark yields falling by 8 basis points. Because commodities rebounded strongly (CRB-Jeffries +2.01% Goldman Sachs +5%, Crude Oil up 3.82% to $64.2 per barrel, Silver on a 22 year high at $10.365 an ounce up 4.07%, Copper and Zinc at FRESH Record highs), emerging market bonds and equities likewise reflected significant gains.
According to the Financial Times, ``Inflows into emerging market equities have set an annual record just 11 weeks into the year as investors continue to chase the higher returns seen in developing markets. In the week to March 8, $20.9bn has been poured into emerging market stock funds breaking last year’s record of $20.3bn, according to Emerging Portfolio Fund Research.”
Asian bourses were all up except in Singapore. The top performers were Vietnam (up 6.96% for the six straight week and is up 44% year to date!), Pakistan (+4.55%) and Indonesia (+4.63%). Meanwhile our Phisix was up 2.23%.
With the behavior of last week’s market, it seems that global investors could be pricing in anticipations for an end to the series of tightening undertaken by the US Federal Reserve.
Anyway, the Phisix is now about 23 points away from its one year resistance level and we are seeing improvements across the board, as second tier and third tier stocks appear to be gaining some grounds; a manifestation of improving local investor confidence.
Figure 3: The Phisix: Once Again on that Critical Threshold
As figure 3 shows, the Phisix now at a Critical threshold, its fourth attempt to beat that March 8, 2005 high with technical indicators now pointing up!
To seek clues from amongst our neighbors as to where we could be headed....
Figure 4: Indonesia’s JKSE: A Breakout
Maybe Indonesia’s JKSE index seen in Figure 4 could be telling us something....
The rising peso appears to be having a lagged effect on the local investors. Foreign portfolio investments continue to find its way into emerging markets at record levels. Speculations are rife that the some Petromoney could be flowing into Asia, after pushing their domestic bourses to bubblic proportions see Figure 5.
Figure 5, SC Arab General Index
From Ameinfo.com, the recent corrections seen in the global market has taken some air off the heavily bloated SC Arab General Index (Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia and UAE).
Finally, a newspaper columnist asks who among the local players could mount a buyout of the combined stakes of SSS, GSIS, and the Sy Family through Banco De Oro in Equitable PCI bank representing 74.4% to the tune of P 95 billion at P 95 per share? Looking at the present Board members, I’d make a guess....Taipan Lucio Tan (worth $1.7 billion and ranked 387 among Global billionaires according to Forbes).
Benson Te Market Strategist For comments, inputs and suggestions Email: benson.te********** ____ Notice: This newsletter is intended to apprise readers of the market conditions based on the information available at the time of the items’ writing, whose accuracy and timeliness of the issues concerned are subject to change without prior notice. The contents of the newsletter are not expressed solicitation to trade and that the positioning on particular issues discussed merely reflects the opinions of the writer.
Posted by OnceApenny on :
What the PAIM??? I've had 5M at .0001. sold at 0.0002. With that 5 B O.S. I wait till the next hype. I'll wait till I see those 0.00000, maybe I'm back. GLTA.
Posted by jellybean on :
Paim will have a run very soon. When they pay the preferred stock the common will rise. I am looking for a stock dividend very soon. 250 million long. Will not sell until .01.
Posted by Bigrod40 on :
Boy I wonder when they MMs are going to start sweating??
Posted by bobcat88 on :
Here we go with a surge of 9mil trades again.
Posted by jellybean on :
Very good volume. Will see a run in days ahead. GO PAIM!!!!
Posted by Bigrod40 on :
I wouldnt sell any right now, the MMs need to buy as much back as possible before Divy Day, I don't think they want to be giving out 1000s of PSs. They can have mine at .001...LOL, so the way I see it they will run this puppy before March 31st, to get as much back as possible. By the way everyone contact thier brokers on the 31st demanding thier DIVIES.
Posted by kittykash on :
even if you trade on ameritrade or scott? Not sure how that works. ameritrade was always automatic.
Posted by megahead34 on :
Yea, I was going to ask you guys. How does it work with Scottrade?
Posted by richie on :
Scottrade is too i like it alot by the way i am in on paim too.
Posted by megahead34 on :
Ok great, so its automatic with Scottrade.
Posted by SuperSniper00 on :
quote:Originally posted by Bigrod40: I wouldnt sell any right now, the MMs need to buy as much back as possible before Divy Day, I don't think they want to be giving out 1000s of PSs. They can have mine at .001...LOL, so the way I see it they will run this puppy before March 31st, to get as much back as possible. By the way everyone contact thier brokers on the 31st demanding thier DIVIES.
"divvy day" already occured dude...if the shorts didnt cover by the 15th they owed the shares...what happens now is meaningless.
Posted by Gurgle Smurf on :
I think what is happen now is in terms of 'proof' of naking shorting more than anything else. PAIM requests that each shareholder get proof in order to expose naked shorting.
PAIM just upped the ante here; one or two things will happen
1.) naked shorting will be exposed, which will pave the way for lawsuit. 2.) paim will fold up and disappear.
Dunno which.
Posted by DIGDOUGH on :
Man all this naked stuff is scaring the shorts off of me. Posted by singledadandhappy on :
NOt sure what this naked stuff is alll about or what it means?
Posted by SuperSniper00 on :
naked shorting means shorting more shares than what currently exists
Posted by bobcat88 on :
one transaction - 191 mil shares * .0001 someone freed up some headroom there
Posted by deltaray on :
Which gave me the possiblity to join back in with .0001 The Volume is very high today.
Posted by CTMum on :
HOw long to get filled at .0001?
Posted by deltaray on :
My order was executed like 2-3 hours later, I started it this morning.
Posted by Raytrader on :
just bought 10 m more at .0001
Posted by CTMum on :
Can't get filled!!!!!! Just want a measly 5mil.
Posted by Raytrader on :
took 2 days to fill
Posted by CTMum on :
Thanks for the heads up Ray. I'm gonna get carpal tunnel syndrome from hitting the refresh button on the order status page.
Posted by tmanfromtexas on :
I got filled for 5 mil after 30 minutes or so. TMAN...
Posted by 7 of 9 on :
Naked Shorting: means the mms are creating fake shares and selling them. they are supposed to borrow the shares back in 3 days but never do. SEC does nothing about it. most pinks are massively naked shorted. its not related to the number of shares. keep in mind the shorts get the cash from the sale and can use it. they usually never buy the stock back, ever.
Posted by Raytrader on :
ALOT of volume!!!! hope its good
Posted by jellybean on :
It will be. A run very soon.
Posted by Thomas Mick on :
quote:Originally posted by jellybean: It will be. A run very soon.
Optimism in the face of adversity! Posted by Thomas Mick on :
I show no MM's on the bid in L2... Does anyone show anything different?
Posted by Raytrader on :
we need a pr that says "hey the mining has started and there is alot of gold"
Posted by megahead34 on :
Haha yea, that would be nice.
Posted by dkinvest on :
quote:Originally posted by Raytrader: we need a pr that says "hey the mining has started and there is alot of gold"
Tell me about it. It seems the only thing they're mining right now are boogers out of their nose.
Posted by megahead34 on :
Insane Volume!
Posted by SuperSniper00 on :
Insane dumping!
Posted by Teno on :
should i try to buy at the low? .0001 looks like it could only go up..
Posted by dkinvest on :
quote:Originally posted by Teno: should i try to buy at the low? .0001 looks like it could only go up..
If you intend on making money - buy at .0001 If you intend on losing money - buy at .0002 or higher.
Posted by dkinvest on :
there is a buttload of 9M trades going through right now.
Posted by amswap on :
What's with all the 9million share buys after hours? Does this indicate anything good???
Posted by Thomas Mick on :
I'm showing 5.6 billion shares and STILL climbing.
Posted by amswap on :
Yea and all at 9Mil shares each. More than 40 of them so far.
Posted by madmoney on :
anybody watching L2`s on this, its insane! been printing nine million shares sells every few seconds for about twenty minutes now, and still going after the bell!. my real time streamer stopped counting volume at about 4.29 billion about a billion shares ago! wow! its almost hynotic to watch. just keeps going!
Posted by madmoney on :
Posted by dkinvest on :
Donald Trump or Warren Buffet must be buying PAIM - Spread the news.........LOL
Posted by cactus33 on :
are those T trades?
or DILUTION?
im holdin.....
Posted by buzzygresham on :
yeah, mine reset and started over. what does it mean when it is going crazy like that?
Posted by amswap on :
9 mil shares sold every 3 - 6 seconds for about 5.5 minutes! ANYONE know what is happening with this? I bought a lot more at .0001 in hopes it might do something. Even if it begins selling at .0002, I will be happy, but this crazy buying spree has me puzzled.
Posted by cactus33 on :
pretty sure there t trades
just mms number crunching
pinks dont trade after hours
IMO
Posted by kittykash on :
pinks don't trade after hours but there are orders being place. Info taken from my streaming chart on PAIM : selling and buying. OBV was at -267,700,000 (can't see the numbers after the 7) and extended hours shows -235,411,182 so it appears OBV is going back up. perhaps buying is a bit more than selling. Shown on Extended Hours
Posted by OnceApenny on :
Wow, smoke still comes out of my computer. I wanna ask: Who sold????
Posted by 7 of 9 on :
guys,
good time to buy at 1
this is no time to sell
otherwise, step back and let the mms play
if u r long, u r betting against the naked shorts
our gain must come at their loss
Posted by cactus33 on :
quote:Originally posted by OnceApenny: Wow, smoke still comes out of my computer. I wanna ask: Who sold????
that or the company sold mass shares and this baby got diluted.
the panic mongers for this stock are all over different boards screaming DILUTION.
if you can break even and ride free shares maybe do it,
if you bought at .0003 or .0002 then maybe avg down or be patient.
I saw some other guy on a difft. BB sayin he bought at .0003 and sold at .0001
for a 2,600 dollar loss
WTF, thats silly to me
dont be that dude
like i said pinks dont trade after 4 eastern, im pretty sure. thats number crunchin, almost positive
all IMO thats all.. invest at your own risk
cause pinkies are risky..
Posted by OnceApenny on :
7 are you serious. You still think PAIM is gonna do something. Today imo PAIM was taken to the graveyard today.. ... but everything is possible. We know the story about Jesus.
Posted by cactus33 on :
quote:Originally posted by amswap: 9 mil shares sold every 3 - 6 seconds for about 5.5 minutes! ANYONE know what is happening with this? I bought a lot more at .0001 in hopes it might do something. Even if it begins selling at .0002, I will be happy, but this crazy buying spree has me puzzled.
check it
FORM T:
A form required by the NASD for reporting an equity trade executed after normal market hours.
I'm not betting heavy on PAIM, don't have much in it and expecting to ride free shares, not going to hurt me in any case. BUT what did you guys think was going to happen when they set up the "get rid of shorters" idea? Gee, you think the shorters would get out and price go down? ya think??? And people are probably selling what they can now and will wait for free shares to come in. I figured it would go through this crazy stuff for awhile. Wait and see, what else can you do with a company overseas that we are taking their word for.
Posted by Raytrader on :
its gotta be mm's juggling!!!....I hope
Posted by cactus33 on :
quote:Originally posted by Raytrader: its gotta be mm's juggling!!!....I hope
yep, gobbled up the .0001's
or the company dumped mass shares.
MM's may be holdin it back for a run
IMO
Posted by dkinvest on :
quote:Originally posted by OnceApenny: 7 are you serious. You still think PAIM is gonna do something. Today imo PAIM was taken to the graveyard today.. ... but everything is possible. We know the story about Jesus.
I don't know about you, but I think that we deserve something better than PAIM to save our financial "souls". lol
Posted by Raytrader on :
I really cant see anything bad comming from this although I've said that to myself many times before
Posted by CTMum on :
Have been away from my computer all afternoon. On my Ameritrade it is showing ask at .0003. I didn't notice it earlier on. Haven't seen ask at .0003 in a while, I know it meaninless but just thought it odd.
Posted by Raytrader on :
yeah it is at .0003.....strange.....do ya think it will open there in the AM
Posted by moosehead9nc on :
a lot of weird things going on...
Posted by dkinvest on :
3 = the "Trinity" PAIM = "the stock sent from above"
Posted by Raytrader on :
lets hope!
Posted by CTMum on :
I will take 3 from above, below anywhere. Between this and PHBT my head is spinning.
Posted by trader_adam on :
This thing is wacky. All I want to know is if it will reach .001 again so I can get out of this mess!
Posted by megahead34 on :
I'm going to keep holding till it reaches $1...haha Posted by CTMum on :
If this hits .001 I will one happy housewife!!!
Posted by SuperSniper00 on :
Man do you guys know anything?
Obviously the OTC doesnt trade after hours. However if there are large orders at the end of the day those orders will go past 4pm until the computers have caught up. That isn't an after hours trade, that is a trade that was placed during normal trading hours that extended past 4pm so it could be filled.
PAIM is playing you guys now, I told you all to sell after the div at 2 or 3 because you would be able to buy back at 1 a few weeks later.
Next will be that awesome R/S that will screw you all. Have fun.
Posted by bobcat88 on :
I will continue to sit on my free shares.
Posted by SuperSniper00 on :
quote:Originally posted by bobcat88: I will continue to sit on my free shares.
Thats the only way to play it. Hell I'd just ride the preferred shares and sell any common.
Posted by JoeMillion on :
Shame on you. SuperSniper00,
Pumper turned basher on the same stock you once own.
quote:Originally posted by SuperSniper00: Man do you guys know anything?
Obviously the OTC doesnt trade after hours. However if there are large orders at the end of the day those orders will go past 4pm until the computers have caught up. That isn't an after hours trade, that is a trade that was placed during normal trading hours that extended past 4pm so it could be filled.
PAIM is playing you guys now, I told you all to sell after the div at 2 or 3 because you would be able to buy back at 1 a few weeks later.
Next will be that awesome R/S that will screw you all. Have fun.
Posted by SuperSniper00 on :
quote:Originally posted by JoeMillion: Shame on you. SuperSniper00,
Pumper turned basher on the same stock you once own.
quote:Originally posted by SuperSniper00: Man do you guys know anything?
Obviously the OTC doesnt trade after hours. However if there are large orders at the end of the day those orders will go past 4pm until the computers have caught up. That isn't an after hours trade, that is a trade that was placed during normal trading hours that extended past 4pm so it could be filled.
PAIM is playing you guys now, I told you all to sell after the div at 2 or 3 because you would be able to buy back at 1 a few weeks later.
Next will be that awesome R/S that will screw you all. Have fun.
Of course...you don't ride the boat while it's sinking. Sometimes things change and new information becomes available. I don't blindly put my money into stocks, I constantly research them to make sure no funny business is going on.
And I always said week of the 13th was the make or break week. If you would READ the posts you would realize that. Week of the 13th came and went and nothing happened. Looks like it broke, get the hell off while you still have money.
Posted by 7 of 9 on :
those naked shorts r just shaking
seen it b4 lots of times
if this stuff scares you, head 2 the nasdaq
this is normal for the "Other OTC"
Posted by SuperSniper00 on :
Shaking who?
You can't shake people at .0001.
DUMP DUMP DUMP
PAIM IS DUMPING ON YOU!
Posted by cactus33 on :
quote:Originally posted by SuperSniper00: Man do you guys know anything?
Obviously the OTC doesnt trade after hours. However if there are large orders at the end of the day those orders will go past 4pm until the computers have caught up. That isn't an after hours trade, that is a trade that was placed during normal trading hours that extended past 4pm so it could be filled.
PAIM is playing you guys now, I told you all to sell after the div at 2 or 3 because you would be able to buy back at 1 a few weeks later.
Next will be that awesome R/S that will screw you all. Have fun.
go away genius we dont need your advice..
everytime you post 4 new people come thru ready to expose you..
you are such a pos
imo dont listen to this guy, he pumps and bash on his own terms
here are some of your phony posts..
I attribute todays crap day to the news in the philippines about the coup plot againt GMA. the entire philippine stock market was down (PAIM trades on the PI markets too). Shouldn't set the stock back too much, this is GMA's 3rd coup in the past 5 years of her tenure in office. It happens all the time in the philippines, its a very corupt country. This will pass in a week, volume will grow with accumilation, after volume = $$
I'm gonna buy myself an Audi TT Roadster. How about you guys?
and..
I think when he said $.50 he was slightly exagerating and he also meant that the dividend wont happen. I would be happy with .005
and another on feb 15th
down to .0002...wont stay this low, im buying more
and another, same date.. regarding paim
it may be a risk but there are pennies out there worth way more and their revenues are measured in the hundred thousands....paim's revenue will be measured in the hundreds of millions!
and then feb 24th... from sniper..
What part of $250,000,000 in gold do you not understand? Just wait till the contract for the additional 1800 hectares in land is finalized. Can you say $1 per share?
and on the 15th..
yup, another million at .0002
and then same date..
why wouldnt you buy at .0002? if it goes back to 4 you've doubled...not sure why its down today with good PR but if its because the company is dumping to free money so they can mine then its a good sign for all!
im runnin outta room because the BS is unreal... normally i wouldnt go after someone but sniper you are full of ........
i can pick countless post where you are pumping and dumping.....
and..... i dont want newbies to fall prey to your tricks and bs.. cant stand bs'rs like you
moderator, excuse my french and look at my evidence and my posts.. please dont run me because i pointed this out..
just IMO...
Posted by SuperSniper00 on :
What dont you understand about things changing?
New information becomes available. When I said those things I meant it. The stock did a 180.
I honestly hope you lose your ass cactus because your a ****ing idiot.
Posted by Bigrod40 on :
Super I thought you sold all, and left??
Get a life and move on, I do not think your here to help out PAIM Investors.
So please, go away Posted by SuperSniper00 on :
okay cactus you peice of **** you;ve really pissed me off
stop trying to scam people into buying this peice of **** stock
when i supported paim i thought the gold was real, i thought the company was legit...i bought in beginning of feb and watched the price go from .0004 to .002 in 2 days. i thought wow, even with a huge float this thing can still move fast
i thought pressure of the dividend would cause the stock to do the same exact thing, boy was i wrong
here is a free lesson for you you ****ing peice of **** cactus....when stock price goes down and down and down and down when the volume is increasing it means people are selling the stock
since pearlasia has been linked to a massive criminal enterprise called the DoM, im willing to bet that has something to do with it, MMs are not stupid they are not going to short s a stock 3-4 times the amount of float, GET A CLUE!
put 2 and 2 together you ****ing idiot
Posted by fishfarmer on :
$20 on ten the hard way! Rollem aboys and girls. Posted by fishfarmer on :
Im back in at .0001 made 300% first time around. You back in SuperSniper? Posted by CTMum on :
Hey FF. Right there with ya. 300% Wow! I was thrilled with my 100%.
Posted by fishfarmer on :
Sorry 200% my bad.
Posted by CTMum on :
Did anyone see that, last at .0002, ask at .0002?
Posted by fishfarmer on :
Its building same pattern as before. Except they have aquired another square mile+ to their mining claims! Posted by Raytrader on :
IMO .....if everyone dumped almost 6 billion shares in the last couple days that would mean that there would be less outstanding shares available....and if PAIM feels that thier shares are undervalued it would be a perfect opportunity to raise the value after everyone dumped rather than a R/S...
Posted by 7 of 9 on :
mms are just shaking bcs they r scared
this is what they want but it wont last
they want everyone to sell at 1
they damn sure dont want ppl buy at 3 like last week
so, efgi and hdsn are massively increasing their short
right now, they have destroyed the stock
keep buying at 1, they hate that
all these shares trading r fake, short shares
its stupid that anyone is "dumping" at this price
would you?
Posted by Raytrader on :
so all the billions dumped are short?........
Posted by JOELGA on :
I am showing no trades in the last 45min. Who will blink first. Hold the ask!!!!!
Unless of course I am wrong and this means something completely different.
Posted by CTMum on :
Bad Blink
Posted by 7 of 9 on :
i would say there are trading now:
about 100 million real shares
about 15 billion short shares, all from EFGI and HDSN
NITE is flipping the short shares, but still has a lot
to a lot of the short shares is attached a huge 1000 share divy, also short
see, USXP, when shorts get out
Posted by fishfarmer on :
We are teetering on success here boys and girls!
Posted by JOELGA on :
Yes, Im confident that this will move... someday. I will hold my free shares, and my bazillion preffered shares as long as it takes!
Posted by fishfarmer on :
quote:Originally posted by JOELGA: Yes, Im confident that this will move... someday. I will hold my free shares, and my bazillion preffered shares as long as it takes!
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. --------------------------------------------------------------------------------
Posted by bobcat88 on :
Some light reading, I dont beleive this is a fraud.
PINKSHEET’S ISSUER INFORMATION AND DISCLOSURE STATEMENT PURSUANT TO RULE 15c211 (i). NAME OF ISSUER: PEARL ASIAN MINING INDUSTRIES, INC. (Incorporated: State of Wyoming, U.S.A.) (ii). ADDRESS: PHILIPPINES: 3101- B East Tower, PSE Centre - Philippine Stock Exchange, Exchange Road, Ortigas, Pasig City, 1605 +63-2- 490-0140 * Fax: +63-2-490-0144 TELEPHONES: IR # 1(770) 336. 5824 Fax # 1(877) 317.4430 Direct # 1(866) 732.7888 URL http://www.PearlAsianMining.com Or For Daily Progress Reports http:// www.***********************.com Enter Symbol: PAIM CONTACT: E. Pearl Asian (iii). DATE OF INCORPORATION: July 29, 2005 State of Wyoming, USA Certificate # CID- 2005-00497110 (iv). CLASS OF SECURITIES & PAR VALUE: A. COMMON: CUSIP # 704755 10 7 Symbol: PAIM Wyoming Corporation: Par value = $0.001 B. PREFERRED: CUSIP # 704755 20 6 Symbol: tbd (?) Wyoming Corporation: Par Value = $0.00000001 (v). TOTAL NUMBER OF SHARES OUTSTANDING: COMMON PREFERRED (As of March 13, 2006) A. Authorized UNLIMITED UNLIMITED B. Outstanding 30,044,316,000 App. Over 30 Trillion C. Freely Tradable 5,044,316,000 App. over 2 Million ( Public Float) (Effective March 31, 2006) App. 30 Trillion D. Number of Shareholders App. 5,000 App. 5,000 (vi). LIST OF OFFERINGS OF SECURITIES: whether private or public by the issuer within the two year period ended on the last day of the issuer’s most recent fiscal year and from such day to the date the issuer has provided information in response to this item: NONE (vii). NAME AND ADDRESS OF THE TRANSFER AGENT AMERICAN HERITAGE STOCK TRANSFER CORPORATION MARKHAM, ONTARIO, CANADA L3R 0G4 (416) 496-6914 Registered with the U.S. S.E.C. under the Exchange Act of 1934 (viii). NATURE OF ISSUER’S BUSINESS (OTC Symbol : PAIM - Common) Gold, Silver & Precious Metals Industry Exploration, Development & Production About the Company Pearl Asian Mining Industries, Inc. is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Utilizing a debt-free Financial Statement, and world-class mining expertise, PAIM is recognized for its leadership in the mining industry. Pearl Asian Mining Industries Inc. was created in the spring of 2003 to fulfill the vision of a highly profitable business based on the mining of gold and other God-given mineral resources. Drawing on world-class and world-renowned mining, mechanical, electrical & civil engineers, geologists, and support teams, Pearl Asian Mining Industries, Inc. is a growing international mining operation that is working to realize the potential of previously underdeveloped mining operations. Pearl Asian (Symbol: PAIM-OTC US Stock Market) is fully committed to both its investors and the host communities in which it operates and will use its impressive technical resources to ensure the best for all parties. Whether addressing returns on investment or health and safety protection, Pearl Asian Mining Industries pledges the highest degree of concern. Pearl Asian Mining Industries Inc. (PAIM) currently owns 100% of the 12 mining claims in the Vancouver Island, British, Columbia, Canada. PAIM owns 100% of the Mining Operation Agreement (MOA), a joint venture with the Pearl Asian Mining Industries- Domestic Philippines Corporation, the local Philippine Claim Holder. PAIM is entitled up to 40% Equity Net-Profit Mineral Sharing of the Pearl Asian Mining- Domestic Philippines Corporation, that owns 100% of the Small Scale Mining Permit (SSMP) claim right and staked to operate on the 20 hectares of the XYZ Gold Mine Site. Pearl Asian – Philippines has a pending application approval for its Philippines' Mining Production Sharing Agreement (MPSA) for overall total 1,800 hectares of the XYZ Gold Mine Site. MPSA is the equivalent of the Mining Rights in US & Canada. Pearl Asian's mission and vision is to partner with the Philippine Government and its local host communities in order to acquire abandoned mines with known and proven gold reserves left for centuries. In addition, Pearl Asian is involved in providing products and services targeting the small scale miners in order to create an orderly and sustainable gold and mineral productions that promote the growth of this newly-born, Mining Revival Industry Sector of the Philippines. This Small Scale Mining is a Community Livelihood Economic Base that covers 1% of the total Philippines Gold Mines and a substantial amount of Gold production output. PAIM has selectively engaged highly qualified engineers and support team personnel into the organization and who have the right contacts and connections that could compete reasonably well in this business. Pearl Asian Mining Industries management, with their in-depth experience selectively screens mineral claims with low potential risk. These potential risks, such as the presence of Indigenous People or claim with ancestral domain, security, peace & order problems, presence of small scale miners, political problems, N.G.O. oppositions, etc., are considered hindrance in the success of the mining industry. The advantages of the Pearl Asian (PAIM) over the competition includes the engagement of the right key management group and team of highly qualified and experienced all around Engineers who are really knowledgeable of this kind of business; use of minimized risk by claim selection and screening; engagement of Geologists with hands on experience of the area or the potential mineral claim; and engagement of experienced Chemists and Metallurgists to process and extract the gold, silver and other precious metals from the rest of the minerals present in the raw ores, with consideration of the use of non-toxic chemicals or substances, and the use of safe Chemical Assay that may have effect on the safety of the people and the environment.. Following the reversal of the decision by the Supreme Court of the Philippines legitimizing the New Mining Act of 1995, a number of interested investors both local and foreign groups has started to generate interest on mining in the country. The big competition is more on the filing of mineral claims and the potential joint venture with the local claim holders. Similarly, the economic boom in China opens door to mining business where the demands of minerals particularly in the supply of raw materials such as Iron, Manganese, Chromite, Nickel, etc. hence making claims on mineral lands competitive. Pearl Asian Mining Industries Inc. (Symbol PAIM) is a multi-national mining company incorporated under the Laws of the State of Wyoming, USA on July 29, 2005. It was originally and concurrently incorporated under the Laws of the Province of Ontario; Extra-Provincially Incorporated in the Province of British Columbia, Canada in 2003. It is also incorporated under the Laws of the Republic of the Philippines, and duly registered with the Philippines SEC. Pearl Asian Mining Industries, Inc. is leading the Filipino mining industry into the 21st century. Pearl Asian Mining currently trades on the OTC under the symbol: PAIM. NOTE I. Pearl Asian Mining Industries, Inc. is now waiting for the final issuance of the certificate of its Mineral Production Sharing Agreement (MPSA) Certification & Claims, Permit & License to perform mining operations in the Philippines (an equivalent of the mining rights in the US & Canada). On Nov. 22, 2005, Pearl Asian has received the Small Scale Mining Permit (SSMP), a claim right to stake and mine on the 20 hectares of the XYZ Gold Mine Site. MPSA application & approval was issued by the Region V- Mines & Geosciences Bureau on October 4, 2004. The final MPSA Certification is to be issued by the DENR, is a mining claim right to stake and to operate with the proven reserves of GOLD, SILVER- COPPER in the XYZ Baleno Gold Project. a) MPSA Application (APSA-000320-V, Area of 751.8843 hectares) b) 1,100 hectares of land in Baleno Exploration Permit Application (EXPA- 000041-V, Area of 1,127.5939 hectares) c) SSMP Certification on 20 hectares – Exploration and operation of the XYZ Mineral Deposits. The XYZ GOLD MINE SITE is a Pre-World War II Gold Mining Property with High Grade Gold Ores containing an average of approximately 90.37 grams per ton of gold and 533.6 grams per ton of silver. After installation of 50-250 tpd (tons per day) Mineral Processing & Production Plant, PAIM will and can process an average of 15 grams of gold per ton of ores per day and can produce an estimated 3,750 grams of Gold or 120.57 Troy Ounces of Gold per day. In 1997, A Canadian Company (Pottinger - Gaherty Evironmental Consultants Ltd., CANADA). did a written exploration and feasibility report showing the following. Estimated Monthly Revenue at the cost of US $400.00 per troy oz. 120.57 oz X $400.00/oz = app. US $ 48,228.00 per day Estimated Yearly Gross Revenue : $ 48,228 per day X 269 days per year only = USD $12,973,332 Note: The cost of the SSMP & MPSA Mining Claims to PAIM was approximately $18,000.00. The value of the 12 mining claims in British Columbia, Canada is based on the historic cost of $30,000 in common stocks of PRLGF. NOTE 2. The 21.07 acres are in lot # 7 in the Keone’s Hawaiian Ranchos Estates Subdivision, Kahuku Kau, Big Island of Hawaii. This raw land is flat and ready to be developed and is one of the 22 parcels situated on an over 400 acres of the above subdivision leading towards the ocean on the southern tip of the island of Hawaii. The property is approximately 20 minutes south of the beautiful and famous Kona Coffee Plantation and 50 minutes south from Kona Airport. The Keone’s Hawaiian Ranchos Estates are located in between two developed estates called the Kona Garden Estates and the Kona Kai Estates, that are currently developed with paved roads, gated, fenced and utilities ready for hook-up. This asset is book at the cost of $200,000 which was acquired using shares of PRMN. NOTE 3. PAIM holds the Securities and are made up of 3,000,000 common shares of stock in Equity Retirement Distributions (Canada) Ltd.; is booked at $300,000.00 based on the fact that PAIM issued $300,000.00 worth of its newly issued stock for it. NOTE 4 Pearl Asian Mining acquired 100% of Western Pacific Minerals Ltd which included an undivided 100% interest in a block of 49 mineral claims commonly called the PANAMA I, II, III, IV, located in the Province of British Columbia, Canada. The properties are Located in the historic Slocan Trail Creek and Nelson Mining Districts of the Southeastern Province of British Columbia. Shareholders of PRLGF are to receive 1 share of Western Pacific for every share of PRLGF held on September 30, 2004. On October 30, 2004 the shares of Western Pacific are to be sent to the shareholders of PRLGF. Therefore the shares of Western Pacific are treated on the balance as both an asset at historic cost for PRLGF shares and as a liability because as of September 30, 2004, the investment in Western Pacific now belongs to the shareholders of record beneficially on that date. PLEASE NOTE THAT PRLGF & PRMN COMMON STOCKS ARE NOW UNDER THE PAIM COMMON STOCKS. (ix). THE FORM OF ORGANIZATION OF THE ISSUER: Corporation a. YEAR THE ISSUER WAS ORGANIZED: 2003 b. ISSUER FISCAL YEAR END DATE: December 31st c. DID THE ISSUER HAS BEEN IN BANKRUPTCY, RECEIVERSHIP OR ANY SIMILAR PROCEEDINGS: No d. ANY MATERIAL RE-CLASSIFICATION, MERGER, CONSOLIDATION, OR PURCHASE OR SALE OF A SIGNIFICANT AMOUNT OF ASSETS NOT IN THE ORDINARY COURSE OF BUSINESS: HISTORICAL INFORMATION l. April 25, 2003- Pearl Asian Mining Industries, Inc., is a Toronto, Ontario, Canada Corporation (Stock Symbol: PAMJF). On Jan. 8, 2004, PAMJF acquired 100% of Western Pacific Minerals, Ltd. (WPML) having the original 49 Silver Mining Claims in B.C., Canada. It was acquired in exchange for 17.5 Million Shares of the Common Stocks of PAMJF. ll. September 9, 2004 - PAMJF changed domicile, re-incorporated in the State of Oregon, U.S.A. with a New Stock Symbol: PRMN, with increased of 1 common share to 5 common shares Forward Split. Pearl Asian had the total outstanding of 250,000,000 Shares of PRMN. lll. September 30, 2004 – Company issued Stock Dividends. IV. December 14, 2004 - Pearl Asian Mining– Oregon Corporation (PRMN) traded 200,000,000 common shares (40%) of the WPML for 500,000,000 common shares of Mellon Research Company (Stock Symbol: MLON) for a MLON Stock Certificate bearing 500,000,000 Common Shares, booked at the cost of $5,000.00. The company only transferred to MLON the 200,000,000 Shares or 40% of the ISSUED and OUTSTANDING SHARES of the WESTERN PACIFIC MINERALS, LTD. that owned the 49 SILVER MINING CLAIMS at SLOCAN AREA, BC, CANADA. That MLON OR PYCT does NOT own Pearl Asian Mining and MLON has NEVER been involved in the management or operation of Pearl Asian Mining Industries, Inc. Prior to that trade of Western Pacific Minerals, Ltd, Pearl Asian spun off to its shareholders the other 60% of the issued and outstanding shares of Western Pacific Minerals, Ltd.. As a result of the spin-off, Western Pacific (OTC: WTPCF) (CUSIP: 959140104) has more than 1,000 beneficial shareholders, as many in common with PAIM. V. February 14, 2005 - Pearl Asian Mining Stock Symbol: PRMN had a Reversed Split 25:1. As of July 18, 2005, the total outstanding common shares of PRMN are 30, 044, 316. VI. April 14, 2005 – Pearl Asian Mining changed domicile to the Republic of the Philippines with a New Stock Symbol: PRLGF. This carried all the current outstanding shares of 30, 044, 316. VI. January 12, 2006 - Pearl Asian Mining changed domicile to the State of Wyoming, U.S.A.- New Stock Symbol: PAIM having an Unlimited Authorized Common and Preferred Shares. Effective February 14, 2006, the total number of common shares of the old symbol: PRLGF increased from 1 common share to 1,000 common shares Forward Split. The total Outstanding Common Shares of PAIM is 30,044,316,000. VI. February 18, 2006 - Pearl Asian Mining – Wyoming Corporation increased the Authorized Preferred Shares to UNLIMITED number with a Par Value of $0.00000001. The Board unanimously passed the increase to give dividends to shareholders: That for every 1 Common Shares of PAIM bought on X-Dividend Date of March 15, 2006 will receive a 1,000 Preferred Dividends to the shareholders who bought PAIM Common Stocks. The company’s record date is March 17, 2006. The Company’s pay date is March 31, 2006. NASD set the XDividend Date to March 15, 2006. VII. Pearl Asian Mining Industries (PAIM) DO NOT have any default on any loan, leases or other indebtedness or financing arrangement requiring the issuer to make payment on. Nor is there any change of control; NO increase in 10% or more of the same class of outstanding equity securities; NO de-listing of the Issuer’s securities in any exchange or NASD. There is NO current, legal, past, pending or threatened legal proceedings or administrative actions either by or against the issuer that could have a material effect on the issuer’s business, financial condition, or operation. The Company will NOT do a Reverse Split as it will decrease its current Market Capitalization. VIII. PAST, PENDING OR ANTICIPATED STOCK SPLIT: September 9, 2004 – Symbol: PAMJF Increased 1:5 Forward Split February 14, 2005 – Symbol: PRMN Decreased 25:1 Reverse Split February 14, 2006 – Symbol: PRLGF Increased 1:1000 Forward Split March 31, 2006 - Symbol: PAIM To receive Dividends 1=1000 Preferred Shares Dividends to all Shareholders that Bought Stocks of PAIM on March 15, 2006 B. BUSINESS OF ISSUER: 1. Primary and Secondary SIC Codes: CIK# 000 1317 716 SIC CODE 1040 – Metals & Mining 2. January 9, 2006- PAIM is currently conducting extensive explorations, feasibility studies, developing infrastructures, building access roads and cell sites to the XYZ Gold Mine Site. PAIM is designing and constructing a State-of-the- Art & Environmentally Friendly Gold Mineral Processing Plants on the XYZ Gold Mine Site. 3. Pearl Asian Mining Industries, Inc.- Philippines has a wholly owned subsidiary: A. Philippines Gold Mining Corporation, A Nevada Corporation (Stock Symbol: PGMC) is included in the current financial statement. PGMC will be utilized as the tool for raising other needed capital. The Company plans to issue its first Initial Public Offering (IPO) in order to raise up to $5,000,000.00 USD Capitalization needed for this intensive capitalization for the gold project and PAIM ‘s increasing growth, expansion, mine site development, real estates acquisitions, land acquisitions and all mining equipment & other mechanical plant acquisition. PGMC intends to finance the cost of the building of the Pearl Asian Metallurgical & Chemical Laboratory (PAMC LAB) and of the Gold / Silver Smelting & Refinery Facility in Mandaue City, Island of Cebu, Philippines. PAMC LAB will be generating other revenues as it will offer its Metallurgical & Chemical Assay Services to other big and small mining companies in the Philippines and around the world. 4. Philippines regulations have great impact to all mining business as a whole. Currently, Pearl Asian is in strict compliance with the Philippines SEC as well as the Government Rules & Regulations. 5. During the last 2 1/2 Fiscal Years, Pearl Asian Mining spent on start-ups, research, exploration and developments and none were borne directly by customers. 2003 $ 50,000 USD 2004 $ 160,000 USD 2005 $ 457,707 USD 6. Pearl Asian Mining spent an estimated cost on the following for the Environmental Permits, Legal Fees, Certifications and Government Compliance (Federal, State & Local) 2004 $ 80,000 USD 2005 $100,000 USD 7. Pearl Asian Mining currently employs 8 Full time employees and 18 Consulting Engineers & Other Administrative Team Supports, combined. Within the next 45 days, it will be hiring more laborers of an estimated 20 skilled Engineers and 150 unskilled workers, to complete the manpower for the XYZ Mine Site “Operation Gold Finger ”. C. INVESTMENT POLICIES: Pearl Asian Mining (PAIM) will acquire assets primarily for capital gain, growth and income combined. 1. PAIM currently owns a free and clear 21.07++ acres of vacant lots, located in the Big Island of Hawaii, USA. 2. Pearl Asian –PAIM acquired and bought the 3,000 Square Meters of industrial lot in Mandaue City, Island of Cebu , Philippines. This will be used for its own Metallurgical /Chemical Laboratory & Gold Refinery Facility, with an approximate land value of $1,000,000 USD. The estimated total cost to build and purchase the necessary machineries and equipments for the PAMC LAB & Gold Refinery Facility is $ 2,000,000.00 USD. (viii). NATURE OF PRODUCTS OF SERVICES: 1. Gold, Silver and all other precious metals are to be sold in the (LBME) London Bullion Metal Exchange, Central Banks, private electronics or other industrial companies, various companies such as jewelry makers or private individuals. 2. PAIM will have its Gold & Silver Smelted and Hall Marked into Bullion, with the Credit Suisse, Geneva, Switzerland. 3. The Issuer’s competitive position in the industry and other methods of competitions are: Local small scale miners, Big Scale Miner such as Lepanto, Philex Mines, Benguet, Placer Dome and more. 4. Pearl Asian will buy some raw ores from the small scale miners, besides mining the existing 6 tunnels and 4 trenches from its own mining claims in the XYZ Gold Mine Site. 5. Pearl Asian Mining Industries, Inc. (PAIM) has an agreement to share the net production profit (MPSA) with the Republic of the Philippines that runs between 1% to 3% for every mine site. 6. Government approval is mandatory. Pearl Asian has on file with the Region V – Bureau of Mines & Geo-Sciences and DENR (Department of Environmental & Natural Resources) the following: a. MPSA Application # APSA-0003200-V, a total Area of 751.8843 hectares in Baleno, Masbate Island, Philippines. b. EXPA Exploration Permit # EXPA-000041-V, a total Area of 1,100 hectares of land in Baleno, Masbate Island. c. Exploration of XYZ Mineral Deposits, total Area of 1,127.5939 hectares. d. SSMP – Small Scale Mining Permit, (Permit No. 005-05 O.R. No. 1956032 D, for a total Area of 20 hectares- On November 22, 2005, the SSMP has been approved, signed, certified and issued by the local government of the Island of Masbate . The MPSA Applications were already on file since 2004, just waiting for the final certification from the Secretary of the DENR. The local MGB Region V where the XYZ Mine Site is located, had already approved the applications with all its complete and strict compliance, both on the SAFETY & ENVIRONMENTAL ISSUES and PROTECTION OF ITS INDIGENOUS PEOPLE, if any. (x). NATURE AND EXTENT OF THE ISSUER’S FACILITIES: A. Philippines Corporate HDQ. – 3101-B East Tower, PSE Center, Philippines Stock Exchange, Ortigas, Pasig City, Metro Manila, Philippines 1605. LEASED - $ 1, 300.00 / month. B. Corporate & Staff Housing – St. Francis Bldg. Units 20-F, 33 E & F. Ortigas Center, Pasig City, Philippines. Purchased * $480,770 USD C. Pearl Asian Metallurgical / Chemical Laboratory & Gold Refinery Center- Mandaue City, Cebu Island, Philippines. Purchased * $1.0 Million USD D. ON-SITE Engineer Housing Staff & Mine Site Office - Masbate City – LEASED= $200.00 / month E. PEARL ASIAN MINING EMPLOYEES is adequately covered with insurance policies that includes Life, Disability, Health, Dental & Accidental Insurance & Retirement Plans. (xi) MANAGEMENT TEAM, OFFICERS, BOARD OF DIRECTORS, COUNSELS & ACCOUNTANTS: Engr. Peter C. Caleon BOARD DIRECTOR & GOLD MINING ADVISOR Peter is a native born Philippines who graduated from the MAPUA Institute of Technology with a Bachelor of Science in Mining Engineer. He continued with postgraduate studies at the International Institute for Aerial Survey and Earth Science in Daft, Holland (graduating with highest honors). He holds professional licenses of Geologists and Mining Engineer. Peter's past positions include Supervising Geologist, Regional V Director of the Bureau of Mines & Geo-Sciences, Asst. Director of Mines and Geosciences Bureau, Regional Executive Director of the Department of Environmental Resources and Asst. Secretary of the Department of Environment and Natural Recourses. Peter brings to the company his experience and valuable contacts to Pearl Asian in order to obtain all the necessary requirements by government compliance, issuance of permits and licensures needed through out the Philippine Mining Industry. Pete is the leading officer of the Pearl Asian Mining Industries, Inc.- Philippines company, responsible for the company's continuous gold mining growth and rapid expansion with the strict compliance to all government requirements.. Randolf Villanueva President Randolf Villanueva has been with the company since February, 2004. He is one of the Leading Key Officers in the development and the incorporations of Pearl Asian Mining Industries, Inc. in the Philippines. He has developed keen knowledge and hands on experience dealing with various big scale mining companies such as Benguet Gold Mines and Filminera Resources, Inc. He was involved in the negotiations with small scale miners and acquisition of various mining claims and Mineral Productions and Sharing Agreement (MPSA) Applications. Randolf has been actively involved with all the internal affairs of Pearl Asian Mining Industries, Inc. PAMI, since 2004. He presented the Pearl Asian's "XYZ Gold Projects" at Harvard Business Club Symposium sponsored by Friedland Capital in New York City in October, 2004. Randolf is pursuing his higher interest to further his studies to complete his Degree in Mining Engineering Management. Randolf Villanueva is a great asset to Pearl Asian as he will carry with him his engineering management expertise and experience: thus he will bring the new Nevada Corporation of PGMC to its next level of exchange from OTC to Bulletin Board then to AMEX. His ultimate mission is to seek the highest Return of Investments (ROI) for the benefit of all the existing shareholders and the future investors of Pearl Asian Mining Industries, Inc. PAIM. Father Ariel V.P./Community Relation Officer Father Ariel is leading the Pearl Asian Mining Industries, Inc. in the community relations and development aspect; to provide information and plans, as being channeled through meetings with the members of the host communities, the local government officials, the local and international NGO's (Non-Governmental Organizations) groups, and the Indigenous People who live in the company's mining sites and immediate premises. He is the positive force responsible to discuss to these groups of people the mutual benefit of Pearl Asian's Mission & Vision to the community, as well as the Pearl Asian's plans and developments with emphasize on the symbiotic involvement of each groups in order to attain the Pearl Asian’s Mission and Vision - The GOAL: a. To establish harmonious working relations, b. To provide sustainable jobs to the community, c. To provide health care protections, d. To provide education through scholarships to all deserving student. e. To preserve and protect the community's environment. Father Ariel is one of the reasons and the Key to the success of Pearl Asian's Mining Operation as he understands the importance of a solid alliance with the community, both personal and business levels: Working Together for a Common Cause of Harmony, Peace, Prosperity & Love. F. Pearl Asian, The Founder/Chairman A true visionary. Pearl Asian is the leading force behind Pearl Asian Mining Industries, Inc. Her ambition and drive is helping to realize the potential of valuable mining properties that have been under-developed and under-utilized for decades. She is focused on providing a profitable return for investors, coupled with her humanitarian mission, to assist in providing sustainable jobs, the gift of education for the under-privileged children, healthcare benefits for the people and environmental protections of the communities. It is also her vision to make Pearl Asian Mining Industries, Inc. as the “Model” for all mining companies in the Philippines; as the “Pioneer” to make use and leverage the involvement of the communities, the local and international NGO’s (Non-Governmental Organization), to participate in the development of the Philippines Mining Industries and to become as a One Team to help sustain the economic stability, community involvements and environmental protections of the Republic of the Philippines. In 2003, Pearl has taken a "mom and pop" mining operation in the Philippines to a fast growing multi-national gold mining company. BOARD OF DIRECTORS CHAIRMAN E. PearlAsian PRESIDENT Randolf Villanueva VP/ CRO Fr. Ariel ADVISORS Mining/Geologist Engr. Pete Caleon Plant Machineries Procuremen Engr. JR Famor Consulting Geologist Gil Apuya Geological Co. Exploration Development-Canada James W. Laird Legal Counsel / CPA / CFO Atty. Earl Diao, IV E.V.P. / Field Security MsSgt. Edward Madrid HEAD OFFICE ADMINISTRATION EVP / SEC & HRD MGR. Abegail Dormitorio EVP / AUDITOR / RISK MGMT. Arlene Balagbagan PROCUREMENT MGR. Arnel Morilla XYZ OPERATION GOLD FINGER TEAM 1. Consultant - Chief Mining Officer (CMO) Socrates Serrano 2. Overall-In-Charge Mining Engineer (OIC) Jonathan Mercado ENGINEERS-IN-CHARGE 3. Design & Plant Development Engineer (DPD) Ricardo Bernardo (To Include Cebu Gold Refinery Facility) 4. Tunnels Rehab & Underground Mines Develop. Cesar Rosales 5. Safety Dev. & Environmental Protection (SDEP) Trecero Reyes 6. Road & Infrastructures Development (RCSID) Ruben de Los Santos 7. Land Mine & Satellite-Cell Site Surveyor (LMSCS) Michael J.Penalosa 8. Senior Field Geologist Regino Selvano 9. On-Site Host Community Development Director Manolo Tecson 10.Computer IT/ Import & Export Director Gil Apuya III PEARL ASIAN METALLURGICAL & CHEMICAL ASSAY LAB (PAMC LAB) 11. Director & EIC Business Development Anthony Gary Gotanco Chief Chemical Engineer 12. OIC Metallurgist Elvis Hidalgo 13. EIC Research & Development Rochelle Laylay 14. EIC Quality Assurance / Quality Control EmyLyn Noma VISION STATEMENT Pearl Asian Mining Industries, Inc. (PAIM) will lead the Filipino mining industries into the 21st century. Pearl Asian Mining is globally committed to its international shareholders for generating excellent Return On Investments (ROI). To make Pearl Asian Mining Industries, Inc. the “Model” for all mining companies in the Philippines; the “Pioneer” to make use and leverage the involvement of the host communities, as well as the local and international NGO’s (Non-Governmental Organization; and the “A Team” to help sustain the economic stability of the Republic of the Philippines, by participation in the development of the Philippines Mining Industries, as well as the involvement of its host community and environmental protections. MISSION STATEMENT It is the ultimate mission and intention of Pearl Asian Mining Industries, Inc. (PAIM) to partner with the Philippine Government and its local host communities in order to acquire abandoned mines with known and proven gold reserves, left untapped and abandoned for centuries. Pearl Asian will make profitable business operation side by side with environmental protection and sharing of benefits to host communities through adoption of maximum efficiency and applicable state-of-the-art technologies. Pearl Asian Mining (PAIM) is teamed up with world-class, experienced, renowned & select cream of the crop Mining, Mechanical, Electrical, Civil, Chemical & Metallurgical Engineers, Geologists and other highly qualified support team members, who will become the corporate model to make a real and lasting contribution to the communities in which Pearl Asian operates considering all aspects of its safety and healthy environment. As of February 21, 2006: The officers, Directors, Consultants and Counsels DO NOT own more than 5% of the outstanding shares of PAIM. NONE of the officers or control persons have been convicted or named as a defendant in any criminal proceedings. NONE of the officers or control persons have any orders, judgments, decrees that are permanently or temporarily enjoined, barred, suspended or otherwise limited such person’s involvement in any type of business, securities, commodities, or banking activities. NONE of the officers or control persons has findings or judgment by a court of competent jurisdiction (in civil action), the SEC, the CFTC, or a state securities regulator of a violation of federal or state securities or commodities law. THERE HAS NOT BEEN any order by a self regulatory organization that permanently or temporarily barred, suspended or otherwise limited such person’s involvement in any type of business securities. (xii). THE ISSUER’S MOST RECENT BALANCE SHEET and PROFIT & LOSS & RETAINED EARNINGS STATEMENTS: See the posted 2005 Audited Financial Statement January 31, 2006 By an Independent External Auditor MARCO C. ILANO, MBA CERTIFIED PUBLIC ACCOUNTANT Cagayan de ORO, Misamis Oriental PHILIPPINES
Posted by JOELGA on :
"Man with hand in pocket feel cocky all day"
Posted by DZWulf on :
quote:Originally posted by fishfarmer:
quote:Originally posted by JOELGA: Yes, Im confident that this will move... someday. I will hold my free shares, and my bazillion preffered shares as long as it takes!
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. --------------------------------------------------------------------------------
I called scottrade, they said dividends was aware of this and preferred shares were expected to hit on the 31st, however with this being a foreign company there could be a day or two of lag in seeing this in my account. No call or special request was necessary.
Posted by JOELGA on :
I cant wait to see 4 billion shares in my account! lol
Posted by moosehead9nc on :
they are nice, but is it worth anything
Posted by JOELGA on :
40 bucks *.00000001
Posted by cactus33 on :
message from rick IR from pearl. someone asked him if they were dumping and he strongly denied it.
Date: 3/22/2006 8:26:23 AM Eastern Standard Time
----------------- Forwarded Message:
Subj: RE: maybe a PRESS RELEASE telling - Date: 3/22/2006 7:28:51 AM Eastern Standard Time
******************************************************************************** NO.. Pearl Asian is not DUMPING ANY SHARES!
Solid Development Stage Companies Like Pearl Asian Mining Industries, Inc. (Symbol: PAIM) "Incubating" On The OTC: BB and Pink Sheets Are Extremely Fragile & Very Susceptible To Predatory Attacks of Crooked Market Makers.
Pearl Asian Mining Industries, Inc. (OTC Symbol: PAIM) is very sad about the news of being heavily shorted. It is the intent of the Company Pearl Asian to protect all its current shareholders from what is currently happening in its stock: PAIM. The company is doing its best to hold onto the position of being a very solid company as gold is its business. PAIM cannot be topple down by these predators who’s intent is to dilute, dissolve or take over Pearl Asian, that completely hurt the interests of ALL its common Investors and Shareholders as well!!
Pearl Asian Mining Industries, Inc. (PAIM) DID NOT & WILL NOT DUMP ANY OF ITS STOCKS INTO THE MARKET WHAT SO EVER!
PEARL ASIAN WOULD LOVE TO SEE THE STOCK GO UP EVEN JUST A $1.00 PER SHARE..
In order to educate the company’s INVESTORS and SHAREHOLDERS, we would like to pass along this information. Further studies obtained from the report of fellow company CMKX that was heavily naked shorted as well.
QUESTION: Has the SEC been aiding in the creation of counterfeit shares? Is the latest regulation released by the SEC in violation of the US Criminal code pertaining to counterfeiting? If naked shorting, and the settlement failures identified by the SEC as being associated naked shorting is abusive and manipulative, why does the SEC ignore this US Criminal code and allow the counterfeiting to continue?
ANSWER: These "counterfeit electronic book entries" are hosted by the DTCC. They are allowing for the clearing and settlement of trades involving nonexistent entities at the DTCC via the borrowing of "shares" in order to effect good delivery represents the "counterfeiting phase". This reality is borne out by witnessing the cover up frauds that need to be perpetrated in order to mask the fact that these entities are indeed counterfeit. Again the "intent to defraud" is quite obvious as you study the mechanisms of the "cover up" frauds being committed to hide the initial fraud.
We are convinced that the various State Securities regulators, if they understood the concept of naked short selling, would have had an absolute fit if they knew that the SEC was even considering allowing market makers to sell entities that don't exist and thereby dilute the equity ownership of investors in their states, or to fraudulently distribute counterfeit shares of public companies domiciled in their states.
This only illustrates how little people know about "naked short selling" and the role of the DTCC. Please do the investing public a favor. When reading through comments on Regulation SHO or discussing this matter with other regulators, please mentally
substitute the phrase, "the selling of nonexistent entities by participants of the DTCC to U.S. investors to whom they owe a fiduciary duty, in return for their cash" in the place of "naked short selling". Keep in mind that it is the SEMANTICS involved in the term "naked short selling" that somewhat legitimizes this heinous concept because legitimate "short selling" does indeed have its place in a healthy market. Our greatest concerns revolve around "naked short selling" and Rule 203, as well as Rule 201.
In regards to Rule 203(b):
1) In 1(i) we would ask that you strictly define what a "bona fide arrangement to borrow the security" entails. Does this refer to the affirmative determination rules? The current affirmative determination rules are riddled with loopholes. They
only require a broker/dealer to use its best knowledge and judgment to determine the availability of shares for loan and to notate it in writing. Where is the contract? The absence of the security on a non-audited "hard to borrow" list as proof of "borrowability" is a total joke.
2) In 1(ii) "Had reasonable grounds to believe that it could borrow the security" is unbelievably subjective. What are reasonable grounds, "easy to borrow lists"?
When writing these rules, we would suggest that you "PRETEND" that the naked short selling of micro cap securities represents perhaps the single biggest fraud
ever perpetrated on U.S. investors and the integrity of the market is at stake and that the people that have made literally billions of dollars committing this fraud are looking for any potential loophole that will allow them to carry on the commission of this
fraud ad infinitum. Plug all loopholes! Why would the SEC even consider allowing these crimes to continue?
3) In (2) we would suggest adding "or any affiliate, client or associate thereof" after the "purposes of the broker or dealer".
4) In regards to the last line of (2) "or is disproportionate to the usual market making patterns or practices of the b/d in that security", this invites a crooked market maker ("MM") that naked short sells into every order he sees to continue to do that because that IS his usual MM pattern.
5) In (3) (i) what keeps a crooked MM from just naked short selling through a different proprietary or non-proprietary account once he's caught? Please refer to the Sedona case modus operandi. These people usually work in collusion with many other
co-conspirators both on and offshore. A MM caught misbehaving can hand the naked short selling torch to a "buddy MM" for 90 days and return the favor should
the "buddy MM" get caught. The emphasis has to be on shutting down the abusive naked short selling of the
abusive BROKERAGE FIRMS, NOT JUST THE OFFENDING ACCOUNTS. IF YOU ACTUALLY PUNISH THE BROKERS, THESE CRIMES WILL BECOME LESS PERVASIVE.
6) In (3) (ii) (A) threatening to report the culprit to the NASD has no deterrent effect whatsoever. Investors are tired of watching perpetrators being fined $20,000 for stealing $5 million. Signing off on an AWC (Acceptance, waiver, consent) stating that, "I didn't do it and I won't do it again" just doesn't cut it anymore. That's how the SEC allowed the U.S. financial markets to get into this mess.
The NASD's naiveté-or complicity-in naked short selling matters is summarized in "endnote" #42 of the document we are commenting on wherein they state, "The Association (NASD) does not anticipate that a firm could properly take advantage of its market maker exemption to effectuate such speculative or investment short selling decision." Perish the thought, can you in your wildest dreams imagine an OTC market maker taking advantage of his and only his "right" to naked short sell into buy orders when "theoretically" acting as a bona fide market maker?
7) In 3 (ii) (B) withholding the proceeds of the crime for 90 days is like handing a bank robber the proceeds of the heist after a 90 day waiting period. This is a crime being committed. The motive is greed. The shares that were sold for real money don't exist, they never did. There was no intent to ever cover this naked short position. The "intent to defraud" is typically present right from the "get go" as there is usually not an imbalance of buy orders over sell orders at the higher trading levels of these "bear raid" victims. These victim companies are "targeted" because DTCC participants, in their infinite wisdom, feel that their market cap is a bit "rich" or that the prey is weak. These fraudsters are predatory. This intent is further demonstrated as the market makers don't reappear on the bid at lower levels to repurchase the shares they just sold, as a bona fide market maker would. Unethical market makers that sold millions of shares at $5 did not try to cover this naked short position at $4.80 like a "bona fide" market maker would have. Nor did they attempt to cover at $3.80 or $2.80 either. They're not even bidding at the current price level of 2-cents for that matter. The only
intent was and is the bankruptcy of the victim company. Naive micro cap investors have been getting their pockets picked systematically by Wall Street "professionals" for decades. FRAUDSTERS ARE SELLING ENTITIES THAT DON'T EXIST AND NAIVE INVESTORS ARE SPENDING BILLIONS OF DOLLARS SCOOPING UP THESE PERCEIVED BARGAINS TRADING AT TINY PERCENTAGES OF BOOK
VALUE. (think of what is "PAIM" going through)...
8) A lot of investors have 10 or 15% of their portfolio in micro cap high flyers on the OTC: BB and Pink Sheets. They want to discover their own future "Nike" while it's trading at 10-cents. Why would U.S. taxpayers that happen to invest in these micro cap companies be afforded any less protection from market maker induced fraud than those that invest in Microsoft and General Motors? U.S. investors love to
gamble. It is these thinly traded securities that are the most easily manipulated by predatory MMs and their associates in Canada as well as in offshore hedge
funds. One would think that they would need MORE protection than the investors in Microsoft if anything. Solid development stage companies "incubating" on the OTC: BB and Pink Sheets are extremely fragile and very susceptible to predatory
attacks. Unethical market makers and their co-conspirators have come to the conclusion that billions of dollars can be made while shooting these "fish in a barrel". The sobering reality is that these companies are a lot like sandcastles and naked short selling predators are a lot like beach bullies and we all know that it's a thousand times easier to destroy a sandcastle or a young public corporation than it is
to build one.
9) We believe that the naked short selling problem is much more systemic than you at the SEC give it credit for. It is the collusion and complicity amongst MMs that needs to be addressed. Watch Level 2 trading and see how they operate as "packs" or "herds" in heavily naked short sold stocks. The mere act of sending these
naked short selling accounts to naked short selling "jail" for 90 days will just result in handing the naked short selling baton to a different account or to a buddy MM. The offshore hedge funds would obviously just set up numerous accounts at many different MMs and b/ds and rotate naked short selling orders through those accounts not currently in naked short selling jail. Perhaps severe penalties, criminal and civil,
should be administered to repeat offenders while any of their accounts are in "jail". The text of the explanation didn't address it, but we assume that these illegal naked short positions in excess of the Rule 11830 parameters will be bought in as the account goes off to 90-day jail. If not, why not? Why would the SEC not require the settlement of all securities transactions in U.S. markets?
10) We believe that a prospective investor contemplating the purchase of a micro cap security on the OTC: BB or Pink Sheets has the right to see what the outstanding failures to deliver and loans masking these "fails" total up to. These are collectively
referred to as "open positions". Let's not go back to the "caveat emptor" days. If there are 100 million legitimate shares issued in the stock he or she is contemplating buying, and 300 million "failures to deliver" or "loans made to cover a failed delivery"
within the system, the prospective investor has the right to know that his purchase of 1 million shares will NOT give him 1% of the voting power of the company, 1% of any dividends distributed, or 1% of any residual equity rights in the case of the dissolution
of the company. The SEC has the DUTY to make this crime-preventive information available to the prospective buyer. Otherwise, this investor will have walked into an ambush that the regulators were well aware of because on the day after his purchase there are 400 million shares that can be sold at any instant in time should bad news arrive on the doorstep. You at the SEC are very well aware of the ambush because you have visibility of these "fails" and "loans". Please give us a "heads up"! Just as the SEC and the public have the right to know of any additional shares being
registered by an issuer, the micro cap investors have the right to know how many "counterfeit electronic book entries" are on the books at the DTCC and clearing agencies. In other words, how many shares has the DTCC illegally "registered" unbeknownst to the corporation and its shareholders. If the problem centers around not knowing the modus
operandi of the perpetrators of the fraud, then we would love to help out in the education process. Before you attack this problem, please address the reasons for the inactivity in the past so that history doesn't repeat itself. The reality is that the DTCC and its 11,000 participants represent the single largest financial cartel-indeed by far the largest cartel-on earth. The political power and influence that this body wields is beyond description. Hopefully the SEC is not intimidated by being a "David" against this "Goliath". Especially when you at the SEC have regulatory authority over the battlefield.
MEMORANDUM TO FILE July 9,2004 JUL 1 2 2004 TO: File S7-23-03 FROM: Alexandra Albright Division of Market Regulation RE: Proposed Regulation SHO, on Short Sales; File No. S7-23-03 SIA Ad Hoc Committee on LocatesIFails and NSCC Meetings During the month of June, staff of the Division of Market Regulation engaged in telephonic meetings with the Securities
Industry Association ("SIA) Ad Hoc Committee on LocatesIFails and the National Securities Clearing Corporation ("NSCC"). The discussions in these meetings concerned "locate" and "fail to deliver" processing by broker-dealers and the operation of the Continuous Net Settlement system.
Posted by Squire38 on :
quote:Originally posted by cactus33: PEARL ASIAN WOULD LOVE TO SEE THE STOCK GO UP EVEN JUST A $1.00 PER SHARE..
I am riding free shares, and I would not mind seeing a $1 pps either. LOL
Posted by cottonjim on :
If this stock hits EVEN a dolloar I wouldn't care if I had paid .001 For my shares. The party would be at my houses, all expenses paid.
Posted by fishfarmer on :
Looking in the mirrow again boys and girls!!!
Posted by Trooper4985 on :
Anyone think this is even going to hit .0002 for the bid again in the near future? I know investing is supposed to be a long term thing but I'm greedy Posted by cactus33 on :
investing in pennies isnt long term.. I dont think any stock is long term.. even on wall street
EVER..... imo
maybe break even and hold free shares in pennyland for the long term. when you have the chance.
im not here trying to get anyone to buy this..
if you want in i'd bid at .0001 and be patient.
maybe it will get filled. not sure... some people say they are gettin filled at .0001 others say its impossible.
there are some people that are just gettin there money back at .0001 now because they are impatient or freaked out because some people accuse pearl of being a criminal
i think that it has potential though.
Posted by fishfarmer on :
IMO The shares selling at .0001 are free shares being sold by profit takers.
Posted by Raytrader on :
DID THIS TODAY JUST TO SEE.......
Posted by Raytrader on :
PAIM Bid: 0.0001 Ask: 0.0002 Last: 0.0001 ($): 0.00 Vol: 878,827,584
Posted by Raytrader on :
We need this to close at .0002
Posted by CTMum on :
Just curious, has the bid ever been at .0002 on this recently?
Posted by buzzygresham on :
i dont think i have seen it at 0002 for a while
Posted by Raytrader on :
its good!!!.....looking for a gradual climb..no spike
Posted by Raytrader on :
big buys....1000 shares at .0002
Posted by Raytrader on :
hey 7 of 9.....!!! whats your take on that close today....that drop to zero..?
Posted by Raytrader on :
mm adjustment?? perhaps?
Posted by OnceApenny on :
Pearl Asian Mining Industries, Inc. Comments on Trading Activity of March 21, 2006 Business Wire - March 22, 2006 4:05 PM (EDT)
-------------------------------------------------------------------------------- Jump to first matched term
PASIG CITY, Philippines, Mar 22, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC: PAIM) announced today in response to over 5,000,000,000 shares trading yesterday, it has not sold any shares into the market, has not issued any toxic instruments, and is not aware of any insider selling into the market.
"With this much volume we are further convinced that our company is the victim of naked shorting," stated its Chairman, E. Pearl Asian. "The only way to discover the truth is to wait for the new rules that require reporting in short positions of stocks quoted in the Pink Sheets, due to be in effect by late this summer. Our shareholders are again encouraged to demand delivery of their preferred dividends on March 31 as a means to prove any past naked shorting of PAIM."
Posted by CTMum on :
Any thoughts on what this may do to the stock if anything in the short term?
Posted by Raytrader on :
short term...not lookin good......any buyers of this would be scared away just from reading this thread
Posted by SuperSniper00 on :
I think it willlllllll STAY AT .0001!
Posted by jellybean on :
I think it wiLLLLL fly to .001. It will reach a new 52 week high of .01 after gold is mined. 300 million long. I bought 50 million today.
Posted by dkinvest on :
Fool.
Posted by Raytrader on :
quote:Originally posted by dkinvest: Fool.
i sure hope not
Posted by megahead34 on :
Excuse my ignorance: Can someone explain what naked shorting is? Thanks.
Posted by Raytrader on :
quote:Originally posted by megahead34: Excuse my ignorance: Can someone explain what naked shorting is? Thanks.
MM's selling shares that dont excist....and then not buying them back
Posted by Raytrader on :
The illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. However, some professional investors and hedge funds take advantage of loopholes in the rules to sell shares without making any attempt to borrow the stock.
Posted by Raytrader on :
On Oct 29, 2003, the SEC implemented a new rule to ban naked shorting in order to protect thinly traded stocks that are vulnerable to aggressive short-selling which would cause the stock price to fall. Critics of the new rule argue that if naked-shorting had not taken place during the micro-cap crime wave of the 1990s, such stocks would have climbed even higher before they crashed. Thus, the SEC's action to ban naked-shorting eliminated the only market force against over-hyped, or even fraudulent, small-cap and micro-cap stocks
.........but that doesnt stop them!!
Posted by Trasq on :
I've heard short selling can't be done in pinksheets, is it true or not?
Posted by Raytrader on :
quote:Originally posted by Trasq: I've heard short selling can't be done in pinksheets, is it true or not?
thats where its done the most
Posted by CTMum on :
I thought it funny (not ha ha), that it came out almost immed. after trading for today ended.
I am sure I am completely wrong here, but wouldn't calling them out on it entice the MM who sold the Naked Short Shares to eat them and buy back? If everyone is holding for at least .0002 or up aren't they forced to up the bid.
Posted by Bigrod40 on :
Question for the board??
Assuming that PAIM is legit, what will happen come April 1st(or a little later) that it is determined that the MMs were shorting this stock, and could not pay us the divi which is the prefered shares, what will happen then? Would the MMs have to pay? Who is going to make them?
Posted by megahead34 on :
What do you mean if it is legit? It is 100% legit. Gonna make us all retire soon Posted by Bigrod40 on :
What happens April 1 Mega? Your thoughts please. Retire!! I like the sounds of that!
Posted by 7 of 9 on :
this stock goes up when they start digging the gold
questions about whether this mine exists are not are irrelevant since the great prs are still coming out
i can promise you that all the other pinky mines dont exist so who cares.
paim is going to mine tons of gold
massive buying pressure will crush the shorts
i can tell you that these shorts are very scared and desparate now. they wish they did not short this stock over the last few weeks, but whats done is done.
shorts are doing desparate things now like pushing the ask to 1, hugely increasing their short.
just a matter of time. the prs are still coming.
Posted by rrg on :
Hello group. Im new here. I sold most of my paim at .0002 the last couple of days. I rebought a couple of million shares today at .0001 to hold for the future. Can anyone explain the div to me? Will I still recieve the div on shares I held on the 15th but sold this week?
Thasnks Rich
Ps whats D&D
Also I think buying 50 mil shares of this company is a bit too risky.
Posted by 7 of 9 on :
too late for the div
wait for the cash div next year
Posted by daytr8er on :
has anyone gotten the divy yet ? can u get it before March 29 ?
Posted by fishfarmer on :
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Home >> Quotes & News >> News >> PAIM
-------------------------------------------------------------------------------- QUOTE NEWS CHARTS COMPANY INFO FINANCIAL REPORTS SEC FILINGS TRADE NOW!
PAIM -- Pearl Asian Mining Industries Inc. Com ($0.001)(New)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Pearl Asian Mining Industries, Inc. Comments on Trading Activity of March 21, 2006
PASIG CITY, Philippines, Mar 22, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC: PAIM) announced today in response to over 5,000,000,000 shares trading yesterday, it has not sold any shares into the market, has not issued any toxic instruments, and is not aware of any insider selling into the market. "With this much volume we are further convinced that our company is the victim of naked shorting," stated its Chairman, E. Pearl Asian. "The only way to discover the truth is to wait for the new rules that require reporting in short positions of stocks quoted in the Pink Sheets, due to be in effect by late this summer. Our shareholders are again encouraged to demand delivery of their preferred dividends on March 31 as a means to prove any past naked shorting of PAIM."
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries Inc. - Philippines
CONTACT: Pearl Asian Mining Industries Inc. - Philippines Richard C. Miller, 770-336-5824 Philippines: +63-2-490-0140 IR*PearlAsianMining.com www. PearlAsianMining.com Fax: 877-317-4430
Copyright Business Wire 2006
-0-
KEYWORD: United States Philippines Asia Pacific North America Wyoming INDUSTRY KEYWORD: Natural Resources Mining/Minerals Other Natural Resources
Search for Dun & Bradstreet reports on this company.
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HA, the MM's are trying to make fools out of people. Dont give your shares away for .0001 This is a legit business. If you can hang in for the long haul, we will be very happy. IMO
Posted by amswap on :
Only 7 trades in an hour and a half!!! Is there any hope for PAIM???
Posted by dkinvest on :
quote:Originally posted by amswap: Only 7 trades in an hour and a half!!! Is there any hope for PAIM???
PAIM is a LAME, SHAME!
Posted by fishfarmer on :
LOOKS LIKE THE .0001 BAILERS ARE DONE. Posted by jermarksey on :
howlong or how much should this reach before we bail out
Posted by cactus33 on :
bring it on .0002 if not today soon imo massive mm tricks here IMO
Im amazed by this mm, paim pr.. naked sell battle..
this is a first of its kind in the degree to which the mm's and paim are goin at it. like a frazier ali...match
cant wait to see how this plays out.
can someone say.... "short squeeze"
WATCH OUT if it happens..
Posted by ohio_trader on :
Pearl Asian Mining Industries, Inc. Comments on Trading Activity of March 21, 2006 Wednesday March 22, 4:05 pm ET
If PAIM is serious regarding this ( and not playin us) they should reissue another forward split of Preferred B stocks at 1,000-3,000 to 1
This can't hurt anymore then were the capitalization is now, but if they are concerned and it is true the naked shorters will be trapped............
***do your homework**
Ohio_Trader
Posted by jellybean on :
Short squeeze is on. Got another 10 million this morning. 310million long. Not long before there is gold in my pocket.
Posted by cactus33 on :
quote:Originally posted by jellybean: Short squeeze is on. Got another 10 million this morning. 310million long. Not long before there is gold in my pocket.
i dont think that the squeeze is on yet.. but there is potential for one in the coming weeks IMO
if a short squeeze was.. on. this thing would be booming upwards right now.
be patient..
Posted by amswap on :
Finally reached the open!!!!!!!!!!!
Posted by jellybean on :
Looking good for the afternoon.
Posted by amswap on :
Maybe a PR, if we get one, will take this thing back up where it needs to be.
Posted by dkinvest on :
Anyone able to sell at 2?
Posted by fishfarmer on :
We should start seeing the MMs start piling up on the .0001 bids soon since the .0001 bailers have slowed way down. Posted by amswap on :
I've had a sell order in for 2 days for some at 2 and it hasn't been filled yet.
Posted by moosehead9nc on :
there's still no bid,so once the bid comes back then maybe we might see more upticks
Posted by dkinvest on :
quote:Originally posted by amswap: I've had a sell order in for 2 days for some at 2 and it hasn't been filled yet.
It seems that no one but the MM's can sell at .0002 lately.
I sure would hate to have 300+ Million shares of this at .0001 - Good luck selling at anything above .0001.
Posted by lostone on :
i was trying to sell 10mil shares today, only less than 2.5mil shares went thru .0001 =(
Posted by CTMum on :
That's depressing.
Posted by moosehead9nc on :
you would have to put a market order in to really sell your shares, but they would sell at less then .0001 though
Posted by dkinvest on :
I'm just tryin to dump my free shares at 2. Silly me.
Posted by Raytrader on :
everyone thats dumping.....it will take a week or so to fill all the sell orders
Posted by shall143 on :
PYST major accumulation going on here, been trending up nicely. There's also rumor of news next week, chart looks to breakout any day now. Take a peek at the chart and see the uptrend.
Posted by moosehead9nc on :
here comes the dumps
Posted by bobcat88 on :
What the hell is up with the 9mil trades AGAIN?
Posted by moosehead9nc on :
who knows, but maybe we will get another pr from paim explaining it.
Posted by Raytrader on :
Interest in this company, Im affraid to say, is dwindling....
Posted by bobcat88 on :
Are they dumping more shares in the market?
Posted by moosehead9nc on :
it sure looks like it, since 4:00 there has been 9 mil share dumps every 5 secs and it finally stopped at 4:09
Posted by Raytrader on :
yeah mm can dump and they sure have been for 2 days now and they are only partially filling ANY sell orders for any shareholder at .0001 NOT LOOKING GOOD
Posted by bobcat88 on :
vol at closing 1,098,701,699 - vol now 3,227,201,699 and climbing
Posted by Raytrader on :
and they are still DUMPING ...LOOK!! after the bell... naked shorting, after hours dumping,....what more could they do other than putting out a pr stating "WE ARE RIPPING YOU OFF HA HA!!" ?
Posted by Raytrader on :
is anyone else seeing this????
Posted by megahead34 on :
Where do you guys see this after hours dumping?
Posted by tmanfromtexas on :
For over 40% of the float to trade after hours doesnt seem logical. PAIM says they arent diluting but the MM's keep on playing. How many other pinks do you know trade OVER half their float a day. When this gets cleared up this little stock will have no where to go but up. TMAN...
Posted by Raytrader on :
9 million....just enough to keep off the dasdaq radar???
Posted by bobcat88 on :
still have my streamer open
Posted by dkinvest on :
This stock is one big friggin scam - I am so glad I only have free shares.
NEWBIES: My advice to you is to stay the hell away.
Posted by Raytrader on :
this is UNREAL!!...hope youre right tex
Posted by bobcat88 on :
Yeah but I dont want anyone stealing my free stuff!
Posted by buzzygresham on :
this thing is over 4 bil now. what is going on?
Posted by bobcat88 on :
Armegedon!
Posted by megahead34 on :
PAIM is like the girl from the Excorsist Posted by CTMum on :
How long do you think it will take to get off the Paim Train at .0002. (I think it derailed)
Posted by megahead34 on :
I only have 2 million shares, i'm just going to keep it and see what happens.
Posted by DIGDOUGH on :
I have some preferred shares coming to me. Do you guys think I oughta get some common ones too?
Posted by Raytrader on :
still dumping .....4:40pm
Posted by DIGDOUGH on :
I went thru about 12-15 million shares during the divy week. And got out.
Posted by cactus33 on :
somethings up because that volume is STRANGE massive dumping or mm's tossing buys to one another completly trying to get people to panic and sell at .0001
pinks dont trade after hours so that just makes me think they are runnin old trades to really mess with peoples heads.
if paim is dumping though, while they are releasing prs saying that they are specifically not dumping. and repeteadly accuse mm's. then WTF
if they are dumping it would seem to me the SEC would eventually start asking questions especially with the f split tactic, pr no dumping etc. pearl is in california as far as i know, not overseas and untouchable. so i have to ask myself..
pearl?? mm's? dumping? a real who dun it..
in a way I agree with dk, newbies should stay away at this point because of 2 many questions,
see how this plays out in the next week..
but im not ready to write it off as a scam yet. this may be one monumental chess game by the mm's and paim company and investors.
i kinda wish i had free shares but i dont, which makes it even more reason to figure out whats goin on.
Posted by rrg on :
quote:Originally posted by cactus33: [QUOTE]Originally posted by jellybean: [qb] Short squeeze is on. Got another 10 million this morning. 310million long. Not long before there is gold in my pocket.
God I hope this goes up for your sake. You are either brilliant or insane. What about diversification?
oh yeah, and dont tell the newbies to stay away. you were once a newbie. We can all learn from each other
Posted by 7 of 9 on :
never give in to the mms
they have thrown everything at us now
what they flip are short shares that they want to get rid of
what they want is your real shares
buy more
Posted by cactus33 on :
this volume makes no sense to me.. dont freak on the after hours t trades. mass volum that makes me wonder more wtf
unsolicited mm's are tossin shares back and forth bleeding out the .0001 sellers, there is no one at the .0002 bid because mm's wont let that fly.
the volume is off the hook. and we are dealing with something that is utterly strange.
i think that all those .0001 sales are nothing but a panic ploy, that or they are seriously dumping,
and paim came out and clearly denied that. iMO dont buy anything right now.. see how this un-folds, i bought at .0001 and holdin.
even though i could use the capital.
all IMO
Posted by fishfarmer on :
You can get a million of these for the price of dinner and a movie my greedy friends. Posted by tmanfromtexas on :
7of9, since you suggest that we buy more, how much did you get today? TMAN...
Posted by Thomas Mick on :
Looks like someone is willing to buy at .0002... could this be the beginning of a trend?
Posted by Thomas Mick on :
I'll shup up now... Posted by fishfarmer on :
Just a wee bit premature. We building a gold mine. Posted by dkinvest on :
Pissin Away Investors' Money
Posted by cactus33 on :
this is just a game of patience right now, this is going to unfold like a poker game in the wild west.
i just hope that paim doesnt end up like wild bill hickock
mm's are trying to freak people out selling back and forth, or there is massive dilution, who knows.
It would be even sweeter if someone would buy my shares at .0002.
Posted by OnceApenny on :
Operation Reach Out: Poverty Alleviation Programs of Pearl Asian Mining Industries (PAIM) Continues With Two of PAIM's Shareholders Actively Involved Business Wire - March 24, 2006 11:41 AM (EDT)
-------------------------------------------------------------------------------- Jump to first matched term
PASIG CITY, Philippines, Mar 24, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC: PAIM) announces and welcomes two of its Shareholders, Jeff and Jennifer Bosaw, together with Rick & Rachel Miller, who have volunteered to assist in PAIM's "Operation Reach Out - Poverty Alleviation Programs." They will represent the company as the USA Co-Directors of Goodwill. They are currently working directly with Pearl Asian's Directors of Community Relations and Development, Father Ariel and Brother Manny Tecson.
Pearl Asian (PAIM) is very thankful for these generous fellowships and blessings that these kind families have extended, in order to implement the company's Operation Reach Out - Poverty Alleviation Programs in the USA. "This program will continue to help our Filipino brethren in the project site of the Operation XYZ Gold Finger. The company (PAIM) perfectly knows that it is not only working and aiming for profit but also giving its best efforts and extending its share and responsibility to all affected and involved host communities to assist in their social and economic development," exclaimed Brother Manny.
The Poverty Alleviation Programs in the districts of Cancahorao and Mapina in the City of Baleno, Island of Masbate, in which Pearl Asian's XYZ Operation Gold Finger is located, got its first and initial assessment. The Poverty Alleviation Programs continue in other districts, with the objective to see and feel the real need of the people living in the areas. Baleno Municipality and Barangay Cancahorao is just one barrio under the municipality in which our company operates its XYZ Gold Finger. There are more projects waiting for final negotiations which, if started, will also need community development. Cancahorao has 169 households and a total population of 1,083. Pearl Asian is accepting all kinds of donations that will be distributed to all families in various places.
Richard C Miller, the Investor Relations Officer for Pearl Asian Mining (PAIM), together with his wife Rachel, currently serves as the Director of Goodwill for Pearl Asian Mining Industries, Inc. They have initiated the gathering of relief goods, books, clothing and medicines. "I know of some who have already started to collect for the children, however if there are adult items needed as well please let me know. I look forward to helping Pearl and to ending these problems," Mr. Miller told Brother Manny.
Mr. Jeff Bosaw, a retired master carpenter, and Jennifer Bosaw are PAIM's Humanitarian Co-Directors, who have already started to get children's clothes and toys, books, paper, school supplies, etc. She has gotten about 18 people ready to start getting the relief goods -- up to 5 tons of these items. The entire Bosaw & Miller families will be travelling to the Philippines late this summer to assist in the distribution plans as well as helping in the building of the general infrastructures at the XYZ Gold Mine Site.
Posted by cactus33 on :
quote:Originally posted by CTMum: It would be even sweeter if someone would buy my shares at .0002.
be patient, i wouldnt panic and sell at .0001 ever though
well, at least paim tries with these constant prs.
that last one was a little cheesy though
If this is all for real though, it can boom if they find gold, im guessin you gotta get the locals on your side first, they are your labor after all.
Posted by kittykash on :
everyone is talking about the legit. of this company. Did some more DD to see what I could find in validation. I don't believe this is a sham. Article midway down on right site of this link. Oct. 2004. http://archive.wn.com/2004/10/21/1400/aseaneconomy Posted by fishfarmer on :
No doubt theres gold, just a matter of how rich.
Posted by amswap on :
THIS is the pr we were waiting for. Absolutely nothing about the company and definately not a thing to make this stock move one way or the other. Constant prs mean nothing without some kind of substance. How lame this one was.
Posted by plni on :
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PEARL ASIAN MINING INDUSTRIES Schedules Important Meetings to Move Forward With Mining Operations and SEC Reporting Requirements MANILA, PHILIPPINES -- (MARKET WIRE) -- 10/21/2004 -- (OTC: PRMN): Pearl Asian Mining announced today that it has scheduled important meetings to move forward with mining operations and SEC Reporting requirements.
Meetings with the Mines & Geo-Science Bureau (M&GB) Commissioner, Secretary of the Dept. of Energy & Natural Resources (DENR), Board of Investments Directors, Mayor of Baleno, Masbate & other High Government Officials and Earnst & Young Philippines' CPAs are scheduled next week, October 25th - 29th, to discuss the beginning of the mining operations of Pearl Asian Mining and working alliances with the Republic of the Philippines. The President/CEO of Pearl Asian, Randolf Villanueva, the Sr. Vice-President/Chief Operating Mining Officer, Eng. Peter C. Caleon, Chairman/Founder, E. PearlAsian, along with their Legal Counsel, Judge Rey Maulit & Associates, make up the GOLD TEAM who will represent the Pearl Asian Mining Industries.
A USA Wall Street Guest, Founder/CEO of Equitis Inc. New York, Kamakoty Khrisnamoorthy will be making a Comprehensive Research Analysis Report on Pearl Asian Mining, as he will be in the Philippines. Mr. Khrisna will assist Pearl Asian Mining in interviewing qualified CPAs, such as Earnst & Young-Philippines Candidates, who must be SEC GAAP Certified, in order to make the company become a fully reporting public company in the USA.
As an International Company, Pearl Asian Mining is exploring the world for opportunities to open or re-open mine facilities and to develop them into productive and profitable operations, while utilizing a debt-free financial statement and world-class mining expertise. Pearl Asian Mining will be leading the Filipino mining industry in this 21ST century.
Pearl Asian Mining is very confident of this opportunity to operate in this country, because the Philippines is ranked 2ND In the World in GOLD Reserves, 3RD in COPPER and 6TH in CHROMIUM. According to MGB -- MINES & GEO-SCIENCE BUREAU Source Report: The TOTAL GOLD RESERVES are 162.8 Million Metric Tons with a weighted average grade from 0.05 to 20% gm-AU (GOLD) / Mt (METRIC TON); The POSITIVE GOLD ORE RESERVES CONSTITUTE 76.8 Million MT or 47% OF TOTAL DEPOSITS and the TOTAL PROBABLE GOLD ORE RESERVES are 56.9 Million Metric Tons or 35%. Furthermore, GOLD is found throughout the Philippine Islands in the form of LODE and PLACER DEPOSITS. The principal gold-producing areas are: BAGIOU -- Mountain Province, PARACALE -- Camarines Norte, BALENO & AROROY, MASBATE Island, SURIGAO Province and MASARA, Davao Province.
PEARL ASIAN currently has its OPERATION GOLD FINGER PROJECTS to start this year in MASBATE Island: called the "BALENO GOLD Project" (BGP). By the year 2005, in the town of PARACALE, Camarines Norte, the "PARACALE GOLD Project" will start as soon as the MOU between Benguet Gold and Pearl Asian Mining is signed next week.
Forward-Looking Statements: With the exception of historical information, this news release and accompanying information may include forward-looking statements that involved a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors. There are numerous factors that could contribute to such difference, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results.
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Posted by Bottomliner on :
Has anyone been able to buy at one or sell at two lately? Or is this trading in five decimals?
Thanks.
Posted by cottonjim on :
I had a sell order in all morning for 2, no takers so I canceled it.
Posted by dkinvest on :
quote:Originally posted by Bottomliner: Has anyone been able to buy at one or sell at two lately? Or is this trading in five decimals?
Thanks.
Been tryin to sell at 2 for 2 days now. MISSION IMPOSSIBLE
This stock is in total control by the MM's - they are the only ones selling above 1.
It's dispicable.
Posted by amswap on :
I've had an order in to sell at .0002 for a couple of days and nothing. Someone just bought 124 million shares at .0001. Think they know something???
Posted by CTMum on :
I put my sell order in three days ago at .0002, no luck. But I refuse to sell at .0001. So I will just wait as long as it takes.
Posted by CTMum on :
answap. That is a 124 dollar trade. It's probally someone just trying to flip for 100%.
Posted by dkinvest on :
quote:Originally posted by CTMum: answap. That is a 124 dollar trade. It's probally someone just trying to flip for 100%.
Fuzzy Math. It is $12,400 (they can kiss that goodbye)
Posted by CTMum on :
Answap, disregard my prevous post about 124 dollars, I misread. Sorry
Posted by jermarksey on :
the stocks they buy and sell now are not the same as the ones before the march 15 deadline are they?
Posted by letitrideboy on :
.037....sweet lol
Posted by amswap on :
Not a problem CT. I was just wondering why someone would invest that much into this stock without some kind of idea. I have a few mill, but right now there is no way I would invest $10K.
Posted by letitrideboy on :
what the hell I posted this in the spzi board how did it end up here! LOL disregard
Posted by amswap on :
I think it's called wishful thinking!
Posted by CTMum on :
I hate seeing the name of this thread. I think for a milisecond, great news yeah!
Posted by 7 of 9 on :
Theory of massive trading after hours:
Alright, heres what I think the naked short mms are doing.
Remember, they are short maybe 15B shares between 1 and 3. At least 95% of the shares trading are naked short shares.
Theory:
The massive billions of trades before and after close are just a continuation of the shake. mms are massively short at about 2, so if they can buy at 1 they get huge gain.
Fact: they want everybody to put in sell orders at 1, but they dont want to buy yet. they just want to be able to buy. they are planning to go long in the future.
the massive trades after close is just a shaking technique, design to scare people into selling at 1. (keep in mind traders, if you havent sold, you havent lost 1 cent.) these huges trades after hours are "mirror" trades which is a mm scam where they flip shares between each other. they plan this scam on the phone.
the reason they flip the shares after hours is this:
THEY DONT WANT TO GIVE US THE CHANCE TO BUY THESE SHARES.
THEY DONT WANT TO GO ANY MORE SHORT.
we cant buy after hours, which is the scam.
these shorts are scared to death of Pearl and the 100 prs that r coming, all about gold.
there is a gold mine. since there is no road to the mine, it will take time.
expect some small scale gold production in one month.
Repeat: Buy More
Posted by lostone on :
man, paim is giving me flashbacks like the days of ckmx and prrm
Posted by dkinvest on :
7 of 9,
I may think that your theory is ligit, but I'm sorry, I am not buying more.
Posted by amswap on :
Oh lostone, why'd ya have to mention prrm????????
Posted by jellybean on :
Price of gold at 560oz. up 10dollars. One trader predicts 1000oz by 2007-2008. Gold stocks are up today. Buy Paim. Great buy at .0001-.0003. When they get gold out of the mined this stock will fly!!!!
Posted by lostone on :
$1000/oz of gold by 2008? that would be a lot of inflation! or everything else crashes, and only gold value would dominate
Posted by fishfarmer on :
Ive seen gold at $900 oz. it makes mining feasible that wouldn't be at much lower prices. Wake up boys and girls, put off that new golf bag and make some maoey!!
Posted by buzzygresham on :
we gonna start heading somewhere with this one guys?
Posted by billysmith on :
I thought this stock was at .0006 the other day?what changed ?were any of you able to sell at .0006?why not? I just got in at .0001 with a G!
Posted by fishfarmer on :
Went to four first spike, I think it will do better next time.
Posted by Raytrader on :
about 7 more minutes till all the action happens...lol Posted by Raytrader on :
perhaps we'll hit 8 billion volume between 4-5pm
Posted by Raytrader on :
I stand corrected
Posted by buzzygresham on :
is the volume really not gonna skyrocket today? maybe they did all they needed to do and we will start going somewhere
Posted by bobcat88 on :
All the MM's are off early on a Friday to travel to their weekend homes.
Posted by Raytrader on :
soon we will be off early on fridays to go to our weekend homes
Posted by letitrideboy on :
lol I can only hope so! Mine will be a big boat!!
Posted by Raytrader on :
yeah Im gonna get a big boat and a big woman
Posted by SubAtomicTrader on :
7 of 9: I totally concur with your theory. I don't think anyone is buying that much at 0.0001 with this much uncertainty about PAIM, especially after what's been happening over last few weeks. I think the MM's are trying to get ppl to panic sell at 0.0001 with all the aftermarket postings.
They can't keep this lunacy up forever. Eventually we'll see a 0.0001 bid and 0.0002 ask and eventually trades will start going through at 0.0002. Those in at 0.0003 will just have to wait a little longer if they want out at even. I'm in at 0.0001 AGAIN and think this is good for a double at the very least. And if they prove they're putting in a road, well, this thing will fly, super sonic.
Scam or not, even the biggest POS comes off 0.0001 at some point.
Posted by cactus33 on :
subatomic welcome to allstocks. needed more than JB and JS angle huh? cool, i hope your right btw
Posted by SubAtomicTrader on :
Hi Cactus,
I don't read IHUB PAIM board much anymore... waste of time. I seriously think some ppl there need professional help. Jim just deletes any posts he doesn't like and I bet Janice tells him to delete some as well. I've had a couple of mine deleted. I just wanted to find someplace that wasn't so moderated. We should tell others to come here as well.
I think the best strategy for this stock is to buy some at 0.0001 and sell enough to get original investment back at 0.0002 or 0.0003... and then ride the rest boom or bust.
Like I said earlier, even the biggest POS scams go for great runs once in awhile, and PAIM isn't nearly as bad as some of those I'm sure, so it's worth the speculation.
The fact that so many on IHUB spend countless hours bashing PAIM makes me think something is up. I for one wouldn't spend countless hours posting on a stock I wasn't interested in buying, even if I had been burned by it.
PAIM going for a run above 0.0004 in the next couple of months isn't too far fetched, crazier things have happened in this Wild West of Penny Stocks.
There is still enough uncertainty in PAIM that at this point ppl still don't know for sure whether this will go boom or bust.
I'll increase my position in PAIM exponentially if PAIM provides any kind of evidence of contruction, roads being built, or equipment being shipped, etc.
It's totally not worth it for ppl who bought at 0.0001 to sell at this point - that's exactly what the MM's are trying to get many to do.
GLTA
Posted by cactus33 on :
quote:Originally posted by SubAtomicTrader: Hi Cactus,
I don't read IHUB PAIM board much anymore... waste of time. I seriously think some ppl there need professional help. Jim just deletes any posts he doesn't like and I bet Janice tells him to delete some as well. I've had a couple of mine deleted. I just wanted to find someplace that wasn't so moderated. We should tell others to come here as well.
I think the best strategy for this stock is to buy some at 0.0001 and sell enough to get original investment back at 0.0002 or 0.0003... and then ride the rest boom or bust.
Like I said earlier, even the biggest POS scams go for great runs once in awhile, and PAIM isn't nearly as bad as some of those I'm sure, so it's worth the speculation.
The fact that so many on IHUB spend countless hours bashing PAIM makes me think something is up. I for one wouldn't spend countless hours posting on a stock I wasn't interested in buying, even if I had been burned by it.
PAIM going for a run above 0.0004 in the next couple of months isn't too far fetched, crazier things have happened in this Wild West of Penny Stocks.
There is still enough uncertainty in PAIM that at this point ppl still don't know for sure whether this will go boom or bust.
I'll increase my position in PAIM exponentially if PAIM provides any kind of evidence of contruction, roads being built, or equipment being shipped, etc.
It's totally not worth it for ppl who bought at 0.0001 to sell at this point - that's exactly what the MM's are trying to get many to do.
GLTA
i cant agree with you more, its waaay more chill here, im still over at "you know where" just b/c i like to get to the cult factor. and i cant stand the paim bash factor. your maybe onto something with that bashin thing over there, who would spend that much time doing it if it wasnt financially worth it.. could be a serious short crew in effect
im noticing that a lot of people are feeling defeated over at that thread, and surprise surprise 2 people arent around. the ultru defeated feeling that some have only inspires me in a weird way. usually thats when stocks go on a run.
i dont think this is a qbid story either. no one is going to pay seperately for that crap, qbid was doomed to fail. so whoever is here comparing qbid too paim, your wrong. let me ask you sometin, would you pay for e entertainment channel if it wasnt included with your cable package? exactly sub atomic dont bring up that site IMO though b/c they have been trippin on anything promotional towards any other BB's
this post is IMO only
Posted by pennydude on :
Oh my thursday i tried to sell 4000000 share of paim at .0002--accidentally bought it--now have 10,000,000 shares---I guess i will have to wait for something to happen--this ever happen to anyone else--I feel like a dufus!!!!
Posted by pennydude on :
bty, to my defense-- I was on some medication from my dentist when this happened--word of advice--don't trade while recovering from painful dental surgery-lol
Posted by ohio_trader on :
has the paim gone away yet...........
Posted by WangChung73 on :
Is E. Pearl Asian the CEO's real name? What the hell kind of name is E. Pearl Asian?
Posted by kittykash on :
quote:Originally posted by pennydude: Oh my thursday i tried to sell 4000000 share of paim at .0002--accidentally bought it--now have 10,000,000 shares---I guess i will have to wait for something to happen--this ever happen to anyone else--I feel like a dufus!!!!
LOL, poor pennydude. Something similiar happened to me when I first started trading, I wanted to put a "sell if" and put sell.... oh that hurts, missed a good run.
Posted by cactus33 on :
what's the chances of 60 minutes bringing up LFWK or.......... PAIM for its efforts to combat naked sellers.
one in a million im guessing, it would be nice though...
Posted by fishfarmer on :
quote:Originally posted by pennydude: Oh my thursday i tried to sell 4000000 share of paim at .0002--accidentally bought it--now have 10,000,000 shares---I guess i will have to wait for something to happen--this ever happen to anyone else--I feel like a dufus!!!!
The penny Gods are looking out for you. Enjoy the profits! Posted by fishfarmer on :
quote:Originally posted by fishfarmer:
quote:Originally posted by pennydude: Oh my thursday i tried to sell 4000000 share of paim at .0002--accidentally bought it--now have 10,000,000 shares---I guess i will have to wait for something to happen--this ever happen to anyone else--I feel like a dufus!!!!
The penny Gods are looking out for you. Enjoy the profits!
Posted by positivearn on :
MM's starting to line up on ask...Would love to see a bid though
Posted by buzzygresham on :
that would be nice. I think we have all been waiting a while to see it
Posted by JOELGA on :
2 mil at .0002. At least its something
Posted by buzzygresham on :
Does anyone have suggestions on sites that are accurate and up-to-date to look up and research stocks??? I currently just use Yahoo finance and would like to find something better with more details
Posted by kittykash on :
oops, sorry Bob, that too.....lol
Posted by buzzygresham on :
thanks everyone
Posted by kittykash on :
Hi Tman! sent im's. I've been disallowed from private messaging. I must have done something, lol. I don't know what it was though.
Posted by kittykash on :
will I ever be forgiven? Send me email? See EFSF?
Posted by CTMum on :
Has anyone been able to sell at .0002 recently. If so how long did it take to fill? I am at 3 days now and waiting.
Posted by amswap on :
I'm at 5 days and waiting. There are no buyers at .0002. At least not yet!
Posted by CTMum on :
Here is a silly quesiton, how long is your sell order active until. Does it expire each night or did you set it until filled with no expiration. I know silly question but curious.
Posted by tmanfromtexas on :
yeah i saw it. good call. now if this would run a little like rshn or efsf we would be rich. Who did you p/o to cut your im off? lol
Posted by kittykash on :
lol, no bad message at all. one or two exchanges to Suzie Blair, lol. But it wasn't bad.... Posted by amswap on :
My sell order is 'good til cancelled'. You can do it either way.
Posted by cactus33 on :
wtf, this just seems weird..
0.0001 9000000 OTO 13:20:59 0.0001 1000000 OTO 13:20:59 0.0001 9000000 OTO 13:17:52 0.0001 9000000 OTO 13:17:52 0.0001 5000000 OTO 13:17:52 0.0001 9000000 OTO 13:17:51 0.0001 9000000 OTO 13:17:51 0.0001 9000000 OTO 13:17:51 0.0001 9000000 OTO 13:17:47 0.0001 6000000 OTO 13:17:47 0.0001 9000000 OTO 13:17:47 0.0001 9000000 OTO 13:17:47
Posted by Soul_beyond on :
9mill dump not good .. they are authorized trillions of shares they can put in the market and it apears to me they are doing it
Posted by SuperSniper00 on :
quote:Originally posted by Soul_beyond: 9mill dump not good .. they are authorized trillions of shares they can put in the market and it apears to me they are doing it
Very good, now you are catching onto why I got the hell out of this as fast as I did.
Posted by BuyTex on :
lol, 'sniper... what goes around comes around, eh? Posted by 7 of 9 on :
whats the difference right now between paim and csjj or vwkm?
vwkm has the highest volume.
Posted by SuperSniper00 on :
The difference is paim's CEO is a known criminal/fraudster/con artist.
If I would have put my $5K in RSHN instead of this POS I would have $100K right now. Thanks for wasting my time paim.
Posted by timstl on :
quote:Originally posted by SuperSniper00: The difference is paim's CEO is a known criminal/fraudster/con artist.
If I would have put my $5K in RSHN instead of this POS I would have $100K right now. Thanks for wasting my time paim.
i am confused here. i own a very small amount of PAIM, so i check out this thread now and then. were you not the one pushing this stock so hard not that long ago? why did you not believe she was a known "fraudster" then?
i'm really not trying to criticize you. i agree with you actually, and have just not sold out because i only have 700,000 shares and would rather hold them incase. i am just wondering what exactly i missed here.
Posted by Intimatrader on :
This is interesting . I have seen PAIM bashed , hyped bashed agan others simply descussing it like bright adults trying to understand where it might be going . I understand there was a lot of people interested in it but now looks dull ..IT IS NOT DULL ...I have spent a lot of time researching and understanding paim . The price is kept down do to obvious malipulation ....Not by paim but rather others playing with this stock to get your shares ...And from what I can tell some are falling for it .I can tell a lot f people bash and hate a stock if it goes down a bit or does not shoot to the moon in two weeks .Paim seems very investor friendly and takes a bold stand against the naked shorters causing bashers to have a field day agaianst paim's direction for the company . We have a ground floor " gold mine " of a situation in front of us and damn if the shorters are the only ones to profit here . I see so many of you here that I like as I read these threads ...and I want to see others make money too that I find it hard to stay on the side lines anymore .....Paim seems to me ...to be a model of what is about to be the new mining industry in the Philipines . We all must realize the amount of gold within areas of the philipines is staggering and the government knows it ..Extracting and processing it is inevitable by todays financial gains from gold . Gold will go higher in price and so will other metals found in the mining process . PAIM IS ....organized and standing firm in a large scale commitment to share holders , the government , the environment and safety to the philipino labor force to MAKE THIS WORK . I have been talking with a couple of friends in the philipines to keep me informed about the progress. I understand it is big news out there and paim has been on philipino telyvision this past two weeks .They tell me roads and areas are being readied and facilities started .Trees and animals are protected whenever posible and things are going well .We don't see all there is to see over here about paim so I have my friends explain and insight me on everything they see regarding paim . It looks good people and I have absolutly no reason to fear a .0001 current price or bashers or even the mighty shorts and their games .I have a several million and believe this stock is incredibly undervalued at these .0001, .0002 , .0003 prices and intend to get more this week .Many seem scared now do to bashers and want to sell at .0001. FIRST , it is what the shorts want { to get your shares cheap } and SECOND Just wait a bit ...Small bit of time will show that no one need to sell at a foolish .0001 .I am currently studying and researching several stocks and PAIM belongs top oh the list right now . In my book ...but do your own home work as I have and good luck .
PENNY FOR YOUR THOUGHTS
Posted by Intimatrader on :
This is interesting . I have seen PAIM bashed , hyped bashed agan others simply descussing it like bright adults trying to understand where it might be going . I understand there was a lot of people interested in it but now looks dull ..IT IS NOT DULL ...I have spent a lot of time researching and understanding paim . The price is kept down do to obvious malipulation ....Not by paim but rather others playing with this stock to get your shares ...And from what I can tell some are falling for it .I can tell a lot f people bash and hate a stock if it goes down a bit or does not shoot to the moon in two weeks .Paim seems very investor friendly and takes a bold stand against the naked shorters causing bashers to have a field day agaianst paim's direction for the company . We have a ground floor " gold mine " of a situation in front of us and damn if the shorters are the only ones to profit here . I see so many of you here that I like as I read these threads ...and I want to see others make money too that I find it hard to stay on the side lines anymore .....Paim seems to me ...to be a model of what is about to be the new mining industry in the Philipines . We all must realize the amount of gold within areas of the philipines is staggering and the government knows it ..Extracting and processing it is inevitable by todays financial gains from gold . Gold will go higher in price and so will other metals found in the mining process . PAIM IS ....organized and standing firm in a large scale commitment to share holders , the government , the environment and safety to the philipino labor force to MAKE THIS WORK . I have been talking with a couple of friends in the philipines to keep me informed about the progress. I understand it is big news out there and paim has been on philipino telyvision this past two weeks .They tell me roads and areas are being readied and facilities started .Trees and animals are protected whenever posible and things are going well .We don't see all there is to see over here about paim so I have my friends explain and insight me on everything they see regarding paim . It looks good people and I have absolutly no reason to fear a .0001 current price or bashers or even the mighty shorts and their games .I have a several million and believe this stock is incredibly undervalued at these .0001, .0002 , .0003 prices and intend to get more this week .Many seem scared now do to bashers and want to sell at .0001. FIRST , it is what the shorts want { to get your shares cheap } and SECOND Just wait a bit ...Small bit of time will show that no one need to sell at a foolish .0001 .I am currently studying and researching several stocks and PAIM belongs top oh the list right now . In my book ...but do your own home work as I have and good luck .
PENNY FOR YOUR THOUGHTS
Posted by Soul_beyond on :
convert 10,000 preferred shares for 1 common share
see see .. all ****ty. no one is going to trust paim anymore .. you can talk all you want .. but the FACTS are there .. u think not = to fact .. facts are lots of 9million dumps at 0.0001 = paim needs money.. b4 1 common to 1000 preferred now 10,000 preferred shares for 1 common share Not right ..
Posted by Soul_beyond on :
quote:Originally posted by SuperSniper00: The difference is paim's CEO is a known criminal/fraudster/con artist.
If I would have put my $5K in RSHN instead of this POS I would have $100K right now. Thanks for wasting my time paim.
well at less i learn something from paim ..
Posted by WMRP on :
Ok, This newbie does not like what he sees, Let me get this straight. I started with 1750000 common shares before the ex date. I get 1000 to 1 preferred shares. So I will own 1,750,000,000 preferred shares. I can't trade them anymore. But if I want to convert them I will go back to 175,000 common shares. Unless I hold them for 5 years, then I will own double the amount in common shares. If I turn tehm in for common any time within 5 years I will receive less than I started.
Posted by WMRP on :
So I will be better off if I never get my preferred shares. And just sell the common shares.
Posted by fishfarmer on :
Rumor has it they start mining gold in around a month. Rollem boys and girls! Posted by SuperSniper00 on :
convert 10,000 preferred shares for 1 common share
see see .. all ****ty. no one is going to trust paim anymore .. you can talk all you want .. but the FACTS are there .. u think not = to fact .. facts are lots of 9million dumps at 0.0001 = paim needs money.. b4 1 common to 1000 preferred now 10,000 preferred shares for 1 common share Not right ..
They never released any info saying that it was going to be 1000-1 conversion. Pearl stated in a chat that the company MIGHT consider doing that in the future. She never said they WOULD.
Posted by Squire38 on :
quote:Originally posted by WMRP: So I will be better off if I never get my preferred shares. And just sell the common shares.
Its a DIVY, so you keep your common and receive the preferred.
Posted by WMRP on :
OK I understand. So I will keep my original 1750000 common shares and will receive 1,750,000,000 preferred as well
Posted by Soul_beyond on :
I wish i am wrong also. so u would keep your money in for 5 years to 20% gain .. u would be better dump it in the bank!!! moreover, after 5 years u won't even know if paim is still around that is what i am trying to say .. at this point .. no one will be able to sell anything cuz paim is dumping trillions of shares out .. u think paim will worth anything??
Posted by JOELGA on :
Once GOLD production numbers start coming out on a regular basis in the next few years, thing thing is really going to fly. This is not a bad divy, and it is focused on keeping the MM's in check which is huge IMO. This is going to be a real gold producing company very soon, and I'm sure that they are going to produce a boat load. I usaully trade stocks, but this one I will invest in. Leave it in your portfolio and just forget about it if you can. Move on to the next one and maybe in a few years you madew some serious cha ching.
Posted by letitrideboy on :
woo hoo Paim is at .0002! dont know if it will last long but damn it looks beautiful lol
Posted by letitrideboy on :
ok so it's staying longer then I thought...SWEET
Posted by Soul_beyond on :
quote:Originally posted by JOELGA: Once GOLD production numbers start coming out on a regular basis in the next few years, thing thing is really going to fly. This is not a bad divy, and it is focused on keeping the MM's in check which is huge IMO. This is going to be a real gold producing company very soon, and I'm sure that they are going to produce a boat load. I usaully trade stocks, but this one I will invest in. Leave it in your portfolio and just forget about it if you can. Move on to the next one and maybe in a few years you madew some serious cha ching.
i hope that's true .. In the lv 2 lots of times they have 9million dump and sometimes .. they have mirror trading .. just imo i have a feeling the mm and paim maybe working together rather than against each other.. I don't know anymore about paim .. just hope for the best to come
Posted by buzzygresham on :
could paim be up to something today?
Posted by letitrideboy on :
I dunno but I love seeing it steady at .0002!
Posted by cactus33 on :
something weird, no massive looking dilution this morning 10 mil in volume.. sitting at .0002 probably nothing..
mmmmmmmmmnnnn ?
Posted by buzzygresham on :
well, cactus sure is optimistic
Posted by JOELGA on :
When they start hauling up gold, it would be really nice if they do a buy back. That would really send this flying.
Posted by lostone on :
c-k-m-x all i can say about paim
Posted by fishfarmer on :
$20 on 10 the hard way!!!! Rollem boys and girls Posted by JOELGA on :
fish you must be an avid craps player! lol
Posted by rrg on :
Anyone know why there is such a large drop in volume today? Are people done selling at .0001? Its Just a hope.
Posted by amswap on :
From what I own, the trading is down all the way around on all my stocks. Very low volume compared to the past few days.
Posted by bobcat88 on :
MM's are on spring break!? Just normal traders trying to make a living now!
Posted by lostone on :
i've been trying to sell at .0001, not going thru, doesn't look like ppl are stupid enough to buy anymore.. damn! i would settle for half of my money back, but guess what?! i can't even sell it for half of .0001!!
Posted by usasail on :
30T...you just gotta laugh
Posted by 7 of 9 on :
volume is low today bcs. the shorts HDSN and EFGI are playing cool, tho they are still shorting the stock
this today is the normal volume
Posted by 7 of 9 on :
where is all the dumping of paim?
sniper and all these others have been screeching about dumping for weeks
"paim is dumping at 0.0001" (as if anyone would believe that)
so today all dumping ceased?
all dumpers have gone away?
no one is selling today. how is that possible?
maybe the dumpers have moved over to gzfx.
Posted by letitrideboy on :
hey this was from a wire , sounds like a lot of shares to me or am I wrong.
"The company expects that after the 5 years holding period, set to expire March 31, 2011, the majority shareholders will not exchange their preferred shares for common shares since the preferred shares carry the same voting rights as common shares. If the preferred shares begin to trade OTC, they will trade under a different and new symbol and not the symbol PAIM. The Preferred shares are unrestricted in tradability but can not trade under the symbol PAIM. There are approximately 30 billion common shares issued and outstanding after a recent forward split of 1000 for 1. There will be approximately 30 trillion preferred shares issued and outstanding as of the March 31, 2006 preferred dividend payment date.
The Preferred Shares will only be converted into Common Shares after the Preferred shareholders surrender their preferred share certificates to any of the Company's addresses in Canada, Philippines or the U.S.A."
Posted by 7 of 9 on :
EFGI shorting again right now
if you want to buy at 1, now is the time
Posted by Intimatrader on :
Thats pretty funny ....You just need to sit back and relax .....And why on earth would anyone try and sell at .0001 .Stop jumping around like scared rabbits making up bashing remarks that are are simply untrue , PAIM is on the news a lot right now in the philipines and has a lot to do so let them do it . We all know the MM's are playing with this stock to get your shares .If your so afraid then go ahead and give them your shares and be done . INFACT ..I'll be buying your shares .Bought more this morning . USXP , RSHN , VWKM and PAIM are all very impressive to me .I really want to believe the bashers but my brain won't let me . Usxp and efsf got bashed big time aswell ....But I saw through the bashing and came out a winner . I read every bashing post I can get my hands on to see if there is any trueth . And I weigh that against the powerfull facts of a stock .It's ok to bash .But it ticks me off when you scare newbies into selling or simply not picking up a good stock and doing fine with it . THINK BEFORE YOU BASH ...Becouse I don't want to see you on this thread when pain does very well . Don't take my word for it ...You have a brain .USE IT . PENNY FOR YOUR THOUGHTS
Posted by cottonjim on :
"when pain does very well"
Freudian slip?
Posted by George on :
quote:Originally posted by SuperSniper00: The difference is paim's CEO is a known criminal/fraudster/con artist.
If I would have put my $5K in RSHN instead of this POS I would have $100K right now. Thanks for wasting my time paim.
WOW...you were their biggest pumper a week ago....don't let me say I told you so...
Posted by dkinvest on :
quote:Originally posted by Intimatrader: Thats pretty funny ....You just need to sit back and relax .....And why on earth would anyone try and sell at .0001 .Stop jumping around like scared rabbits making up bashing remarks that are are simply untrue , PAIM is on the news a lot right now in the philipines and has a lot to do so let them do it . We all know the MM's are playing with this stock to get your shares .If your so afraid then go ahead and give them your shares and be done . INFACT ..I'll be buying your shares .Bought more this morning . USXP , RSHN , VWKM and PAIM are all very impressive to me .I really want to believe the bashers but my brain won't let me . Usxp and efsf got bashed big time aswell ....But I saw through the bashing and came out a winner . I read every bashing post I can get my hands on to see if there is any trueth . And I weigh that against the powerfull facts of a stock .It's ok to bash .But it ticks me off when you scare newbies into selling or simply not picking up a good stock and doing fine with it . THINK BEFORE YOU BASH ...Becouse I don't want to see you on this thread when pain does very well . Don't take my word for it ...You have a brain .USE IT . PENNY FOR YOUR THOUGHTS
Someone defending PAIM - thanks buddy, I needed a good laugh today.
Posted by George on :
quote:Originally posted by JOELGA: Once GOLD production numbers start coming out on a regular basis in the next few years, thing thing is really going to fly. This is not a bad divy, and it is focused on keeping the MM's in check which is huge IMO. This is going to be a real gold producing company very soon, and I'm sure that they are going to produce a boat load. I usaully trade stocks, but this one I will invest in. Leave it in your portfolio and just forget about it if you can. Move on to the next one and maybe in a few years you madew some serious cha ching.
that all sounds good and that is what ALL gold, silver, diamond stocks want you to think. Fact that very few of them actually make any money. Do some research on gold stocks and you will see that most loss everything more than make a little. Most of these are claims and that is what they are claims....you can get a claim in many places and do the same thing...getting the gold is a diffrent story. If it was that easy they would all make money...oil wells are no diffrent...all of these are spec stocks and most will loss...very few hit it big time...GLTA...These are the biggest gamble of the penny stocks and for a reason...
Posted by Bottomliner on :
quote:Originally posted by usasail: 30T...you just gotta laugh
I won't even try to guess if this stock is a good investment. But it certainly has some of the most interesting "financials" I've ever seen:
-Forward splits -Common stock to preferred stock conversions -Preferred stock to common stock conversions -Conversion rates that depend on how long you hold the preferred shares -30 billion common shares after a 1000 to 1 forward split -30 trillion preferred shares soon to be issued
Wow ... I can hardly wait for the next announcement. Posted by letitrideboy on :
just seems like way to many shares. But lets hope it can do SOMETHING since I own some LOL
Posted by Intimatrader on :
Sweet PAIM .....Be nice to her .... She is our friend and besides ..I dig gold ..It's so ...dare I say it ' SHINY " ......In a few weeks or months I am getting a necklace made of gold that says ' I OWN PAIM "
Posted by Intimatrader on :
quote:Originally posted by Intimatrader: Thats pretty funny ....You just need to sit back and relax .....And why on earth would anyone try and sell at .0001 .Stop jumping around like scared rabbits making up bashing remarks that are are simply untrue , PAIM is on the news a lot right now in the philipines and has a lot to do so let them do it . We all know the MM's are playing with this stock to get your shares .If your so afraid then go ahead and give them your shares and be done . INFACT ..I'll be buying your shares .Bought more this morning . USXP , RSHN , VWKM and PAIM are all very impressive to me .I really want to believe the bashers but my brain won't let me . Usxp and efsf got bashed big time aswell ....But I saw through the bashing and came out a winner . I read every bashing post I can get my hands on to see if there is any trueth . And I weigh that against the powerfull facts of a stock .It's ok to bash .But it ticks me off when you scare newbies into selling or simply not picking up a good stock and doing fine with it . THINK BEFORE YOU BASH ...Becouse I don't want to see you on this thread when paim does very well . Don't take my word for it ...You have a brain .USE IT . PENNY FOR YOUR THOUGHTS
Posted by cottonjim on :
???????? .000000000000$
Posted by amswap on :
Wow, thanks to whoever bought that 100 shares and brought the price back up to a whoping .0002. It didn't look good sitting at 0!
Posted by cottonjim on :
I was going to order a trillion shares at that price.
Posted by amswap on :
At what price cotton? .0002 or 0? I already tried to get them at 0 and for some reason I just couldn't get em at that price!!!
Posted by cottonjim on :
0, I already own to many at 2 thats why I don't like seeing this 0 thing.
Posted by amswap on :
I've had an order to sell mine at .0002 for about a week now and nothing. I sure hope this thing will start moving so I can get out of it and hopefully break even.
Posted by cactus33 on :
this thing goes no where until they find gold... i hope your patient.
pray for a 4th quarter gold discovery.
IMO
Posted by DIGDOUGH on :
Did anybody hear about a dividend yet? Scottrade knows nothing.
Posted by 7 of 9 on :
quote:Originally posted by cactus33: this thing goes no where until they find gold... i hope your patient.
pray for a 4th quarter gold discovery.
IMO
they have already found 2.4 tons of gold
they need to dig it out and refine it
the problem is that they are starting from scratch
there are no roads or infrastructure, and paim doesnt have a lot of cash
Posted by cactus33 on :
thats what i meant, they need to actually refine it and sell it.
until then?
Posted by football on :
I have a newbie question. I had paim on the record date of the dividend. does the dividend just show up in your account or do you have to follow through something.
Posted by cottonjim on :
Your broker should handle everything. I have heard that it may take a few extra days for the Divy to show up because Paim is operated in a foreign country. If you dont see it after the first week of April I would call, I know i'm going to.
Posted by football on :
I would just call etrade and anybody would be able to help me..
Posted by amswap on :
What was the divi date?
Posted by cottonjim on :
A broker there would know, the divy date was the 15th or the 18th I don't remember which.
Posted by Intimatrader on :
The divi will be givin on the 31 st ......For many it is automatic ......You will need to do nothing ....For others you simply call your broker if needed . If you bought before the ex- divi date the prefered didvi shares are yours . Mine are autimatic and will be in my account first thing friday the 31st of march . The naked shorters will have to pay no matter what ... so don't worry . And as for theses shares ...They do have value ..They are just not trade-able untill they rise to .0001 or above . The fact is ..they are very valuable . And at 1,000 shares per common it is expected that we should show patience and let them grow . Now we will an option too. The newly created conversion chart from paim give us a wonderful chance to bring some value up in our accounts now or place greater value in time . And we pick the time . The flippers have basicaly left this stock and soon the shorters will be out . Once we see consistant .0002's the bashers will leave unless they are even more laughable then we have already seen . We still have a few more days of the shorters playing with the stock trying to get cheap shares ...but who cars ..were smarter than that and they will be out soon anyhow . REMEMBER ....When you read the bashers and it does not sound inteligent or logical .....read everything else ...do plenty of DD and make up your own mind . Do not let the bashers do it for you .
Posted by Intimatrader on :
The divi will be givin on the 31 st ......For many it is automatic ......You will need to do nothing ....For others you simply call your broker if needed . If you bought before the ex- divi date the prefered didvi shares are yours . Mine are autimatic and will be in my account first thing friday the 31st of march . The naked shorters will have to pay no matter what ... so don't worry . And as for theses shares ...They do have value ..They are just not trade-able untill they rise to .0001 or above . The fact is ..they are very valuable . And at 1,000 shares per common it is expected that we should show patience and let them grow . Now we will an option too. The newly created conversion chart from paim give us a wonderful chance to bring some value up in our accounts now or place greater value in time . And we pick the time . The flippers have basicaly left this stock and soon the shorters will be out . Once we see consistant .0002's the bashers will leave unless they are even more laughable then we have already seen . We still have a few more days of the shorters playing with the stock trying to get cheap shares ...but who cars ..were smarter than that and they will be out soon anyhow . REMEMBER ....When you read the bashers and it does not sound inteligent or logical .....read everything else ...do plenty of DD and make up your own mind . Do not let the bashers do it for you .
Posted by bobcat88 on :
So what is going to be keeping the shorts from playing this now? The preferred shares were only to stop the shorting that was going on a couple weeks ago, I see this as a vicious cycle that wont end till the sec does something against the short trading.
Is there any kind of investigation going on? Is someone going to be accountable/punishable for the shorting? What will happen to the people that are holding shorted shares? how will they know? because they don't get the preferred shares in their account? Even then what are they going to be able to do about it?
Lots of other questions but I don't want to come across as a basher, I'm still holding all my free shares.
Posted by lostone on :
good lord! i sold over 7mil shares today at .0001!!!! yay!!
Posted by 7 of 9 on :
gold bullion will stop the shorts
you have to believe
its the only way
Posted by football on :
PASIG CITY, Philippines, Mar 28, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (PAIM, Trade) announced today that the Board of Directors resolved (1) to allow the Preferred shareholders the right to immediately convert 10,000 preferred shares for 1 common share. (2) In order to reward long term preferred shareholders, the Company resolved, to allow the preferred shareholders that hold their shares for 5 years to convert their common shares at the rate of 500 preferred for 1 common share. (3) The Company further resolved, to allow the preferred shareholders that hold their preferred shares for 1 year to convert their common shares at the rate of 5000 preferred for 1 common share. (4) The Company further resolved, to allow the preferred shareholders that hold their shares for 2 years to convert their common shares at the rate of 2500 preferred for 1 common share. (5) The Company further resolved, to allow the preferred shareholders that hold their preferred shares for 3 years to convert their common shares at the rate of 1250 preferred for 1 common share.
The reason that the company decided to set a conversion rate is due to speculation that 1 preferred share might be convertible to 1 common share. The Company believes that setting the conversion rate will discourage continuing naked short sales of its common shares with limited dilution of common equity to those shareholders that bought on or after the ex-dividend date of March 15, 2006. The common shares have a par value of .001 while the preferred have a par value of only .00000001, thus making each common share of vastly greater value than each preferred share.
The company expects that after the 5 years holding period, set to expire March 31, 2011, the majority shareholders will not exchange their preferred shares for common shares since the preferred shares carry the same voting rights as common shares. If the preferred shares begin to trade OTC, they will trade under a different and new symbol and not the symbol PAIM. The Preferred shares are unrestricted in tradability but can not trade under the symbol PAIM. There are approximately 30 billion common shares issued and outstanding after a recent forward split of 1000 for 1. There will be approximately 30 trillion preferred shares issued and outstanding as of the March 31, 2006 preferred dividend payment date.
The Preferred Shares will only be converted into Common Shares after the Preferred shareholders surrender their preferred share certificates to any of the Company's addresses in Canada, Philippines or the U.S.A.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The factors that could cause actual results to differ materially from anticipated results include risks and uncertainties are: risks relating to estimates of reserves; mineral deposits and production costs; mining and development risks; risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits; other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Posted by CTMum on :
Hey lostone- How long did it take to fill. I am trying to figure how many weeks it will take to sell at .0002. Thanks
Posted by jellybean on :
BIG MISTAKE TO SELL AT .0001. Paim is going to run very soon. I predict at least .0008. Gold will be coming out of the ground and the price of gold will increase in the near future. Also it will be great if a dividend on the common stock be declared!!! I am holding all my shares.
Posted by 7 of 9 on :
naked shorts failed today
efgi and hdsn both were shorting at 1, trying to keep paim down
utter failure, paim ended at 2, up 100%
how can this be explained by the theory that paim was dumping 30b shares at 1, even tho they said they werent?
where r those 30b shares?
why arent they trading?
right now, 95% of the volume every day is from the naked shorts, just watch the streamer
btw, those trades at .00 are another scam. not allowed by sec.
Posted by jellybean on :
Paim at .0002 up 100%. Price of gold at 573.50 up 10 dollars per oz. I am getting excited. Its looking good for a run.
Posted by 7 of 9 on :
quote:Originally posted by jellybean: Paim at .0002 up 100%. Price of gold at 573.50 up 10 dollars per oz. I am getting excited. Its looking good for a run.
jellybean, lets make some dough
Posted by buzzygresham on :
looks good. lets hope it continues that way. Im in
Posted by Soul_beyond on :
Why they dulit ?? they need money to run operation. If i am paim i will dulit at 0.0002 for faster inflow of money. paim should be able to control price .. why they dulit at 0.0001
Posted by Soul_beyond on :
quote:Originally posted by 7 of 9: naked shorts failed today
efgi and hdsn both were shorting at 1, trying to keep paim down
utter failure, paim ended at 2, up 100%
how can this be explained by the theory that paim was dumping 30b shares at 1, even tho they said they werent?
why arent they trading?
right now, 95% of the volume every day is from the naked shorts, just watch the streamer
btw, those trades at .00 are another scam. not allowed by sec.
what do u mean those 30b shares .. those 9million blocks dump in lv2 are paim dumping
Posted by Intimatrader on :
7 Of 9 & JellyBean are ..YOU GOT IT RIGHT !
I'm not really sure why anyone would even consider selling at .0001 . Thats a buying price . And so is .0002 And yes .....Gold is up & probably a safe bet that gold will increase further . But their getting other precious metals and trace elements aswell { iceing on the cake }. Now remember what 7 of 9 said ..." Becouse this is a great point he brought up " ....They don't have to find gold ...they already have . As for BobCats question " what will keep the shorts from playing with this stock over & over again " . Great question by the way BobCat . Well first .....Paim has decided to take a stand against the shorts and will do so in the future I think . And second ....With the new discloser laws on shorting stocks that will become effective this summer shorts will have a harder time of it . I think we got ourselves into a good thing here and I'm rather excited about it .I would like to see more newbies get involved with this as the price is pervect and the potential awesome .
And does anyone know why " SuperSnipper " is using me for target practice with his bashing pot shots ?
Was'nt he the guy that pumped , praised and loved paim the most ? Or was that another paim ...LOL
Posted by Intimatrader on :
7 Of 9 & JellyBean are ..YOU GOT IT RIGHT !
I'm not really sure why anyone would even consider selling at .0001 . Thats a buying price . And so is .0002 And yes .....Gold is up & probably a safe bet that gold will increase further . But their getting other precious metals and trace elements aswell { iceing on the cake }. Now remember what 7 of 9 said ..." Becouse this is a great point he brought up " ....They don't have to find gold ...they already have . As for BobCats question " what will keep the shorts from playing with this stock over & over again " . Great question by the way BobCat . Well first .....Paim has decided to take a stand against the shorts and will do so in the future I think . And second ....With the new discloser laws on shorting stocks that will become effective this summer shorts will have a harder time of it . I think we got ourselves into a good thing here and I'm rather excited about it .I would like to see more newbies get involved with this as the price is pervect and the potential awesome .
And does anyone know why " SuperSnipper " is using me for target practice with his bashing pot shots ?
Was'nt he the guy that pumped , praised and loved paim the most ? Or was that another paim ...LOL
Posted by cqing on :
Intimatrader, can you do us a favor, stop double posting? I don't understand why 7 of 9 believe the naked shorts failed today? because we closed at .0002?
Posted by 7 of 9 on :
only idiots would short a gold mine
short any other business, but not gold
i wouldnt short diamonds either, or oil
Posted by Intimatrader on :
OK......No PAIM No Gain LOL
Posted by singledadandhappy on :
I have question I owned 3mil shares before the divi date do I own common shares or prefered? and homay will I end up with ? Thanks you
Posted by megahead34 on :
Haha, its all about THE PAIM FACTOR
Posted by Intimatrader on :
Single dad .....If you bought 3 million shares and held them till ex-dididend date ...then those shares you own are called common shares .....And at a 1,000 for 1 divi you will be getting 3 billion shares on the 31st of march . And you get to keep your 3 million common shares aswell . Depending on who your broker is ..you may have to do nothing and they should autmaticaly be added to your account ...If you don't see them in your account on the 31st simply call your broker and they should take of it . CONGRAULATIONS ...I think you made a wise investment here . And I will glad to answer any other questions as I am able .
Posted by fishfarmer on :
GOOD START!!! L2s picking up.
Posted by fishfarmer on :
You might still buy it at .0001 my greedy friends. Posted by 7 of 9 on :
buy now
its starting
HDSN has given up and is sitting at the top of the bid
HDSN wants to buy now, they want to cover their short
volume is very low tho, and they are short maybe 7.5B shares
you seeing any more progress 7?
Posted by 7 of 9 on :
gold and all metals punching new record highs today
EFGI and HDSN have shorted PAIM by at least 15B shares, to their great peril
buy buy buy
Posted by Intimatrader on :
GOOD THREAD HERE .
And jellybean , 7of 9 and others are giving good insight . Now tomarrow is the 31st of march so I will let everyone know if the prefered Divi shares have been placed in my account . I called My Broker several days ago and they explained they have already recieved them and will place them on friday the 31st .
Posted by 7 of 9 on :
quote:Originally posted by Intimatrader: GOOD THREAD HERE .
And jellybean , 7of 9 and others are giving good insight . Now tomarrow is the 31st of march so I will let everyone know if the prefered Divi shares have been placed in my account . I called My Broker several days ago and they explained they have already recieved them and will place them on friday the 31st .
what is the symbol?
Posted by buzzygresham on :
Has anyone gotten their divy yet?
Posted by megahead34 on :
I was goign to ask the same thing. Anyone with Scottrade got their divy yet?
Posted by letitrideboy on :
what was the date u had to have purchased by to get the divy?
Posted by DIGDOUGH on :
No divy on Scottrade yet.
Posted by daytr8er on :
do we get the divy today or Monday ?
Posted by cottonjim on :
Supposed to be Mon.
Posted by Intimatrader on :
I believe the ex-divivdend date was march 15th .With the payout date today { march 31st } . My broker said they had information from paim today ....... Paim said the shares will be paid ...But not today as they need a few more days to workout details with the transfer agent .Sounds like some time next week .
PENNY FOR YOUR THOUGHTS
Posted by singledadandhappy on :
I own 3mill shares I've owne for several moths, can anyone tell me if these are comon or preffered and what my divy payment wil be? and can I cash any of it at anytime (just lost my job today so I am scrounging)Thanks for all advice.
Posted by DC Trade on :
the shares you own are common shares... sometime next week, your divvy shares should be delivered, i believe they will appear under a new symbol... from there, paim has issued pr's stating conversion rates, telling you how to convert your divvy shares to common stock of paim... as i understand it, the divvy shares themselves are tradeable but virtually worthless... i think that's correct...
Posted by pennydude on :
D C TRADE--i also understand the same as you, i think that's right
Posted by pennydude on :
Remember someone from paim saying we should call our broker and make sure that the shares are recieved in our name--whatever that means
Posted by DWE on :
Is this dividend payout automatically placed onto your stock brokerage account or do I need to call my broker and tell them to do something???
Posted by BuyTex on :
always a good a idea to let your broker know you got divvies coming--so many companies screw up their filings, and so many "front-office" types at the brokers know so little...sometimes I've had to provide links, copies of filings, etc before the broker "got it" and realized they needed to follow-up.
Posted by Halo2 on :
Good evening Buytex,
Is it true this stock has an o/s of 350 trillion shares? I am assuming this isn't including the shares which have been "Naked Shorted"
Posted by BuyTex on :
Halo, I don't know the share structure...haven't investigated NSS on it, either--but given the CEO, would seriously doubt NSS is the problem
Posted by TickTrader on :
Here's the link to the filing. The info below is from page 2 of 17.
TOTAL NUMBER OF SHARES OUTSTANDING: COMMON PREFERRED (As of March 13, 2006)
A. Authorized UNLIMITED UNLIMITED B. Outstanding 30,044,316,000 App. Over 30Tr C. Freely Tradable 5,044,316,000 App. over 2M ( Public Float) (Eff. 3-31-2006) App. 30 Tr D. # of Shareholders App. 5,000 App. 5,000
Well, my format didn't work on the post, so take a look at the filing for pretty columns.
Posted by Halo2 on :
I do remember reading a PR which mentioned that they have indeed have been naked shorted. I believe they will issue a diviy which will prove this. I would also like to know on the Big boards are MM's required to cover short positions?
Posted by deltaray on :
New PR released some minutes ago
quote: April 03, 2006 08:00:00 AM ET Pearl Asian Mining Industries, Inc. Starts Exclusive Mining Operation, Gold Purchasing & Mineral Processing Agreement With One of Mindanao's Local Tribes
All Business Wire News Pearl Asian Mining Will Operate and Process Their Raw Gold & Silver Ores With The Potential Presence of Platinum Metal
Randolf Villanueva, President and CEO of Pearl Asian Mining Industries, (OTC:PAIM) announced today that the Company has successfully negotiated and signed an exclusive Mining Operation, Gold Purchasing and Mineral Processing Agreement with the Indigenous People's Chieftains. Pearl Asian will operate and process the ancestral land domain claims rich with raw gold and silver ores that may have contain platinum metals. This will be immediately available as another source of income of Pearl Asian (PAIM).
Pearl Asian Mining is an aggressive gold mining company with a portfolio of gold and silver mining interests in the Philippines and Canada. With this new and potentially immediate "revenue-making" to be generated sooner than expected, should give a positive impact on the company's 2006 Second and Third Quarter Financial Statements. The "Operation Cagayan de Oro" will be operational and done simultaneously while awaiting for the completion in the development of the general infrastructures on the XYZ Gold Mine Site.
The Gold Team is making their second trip on April 4th, to survey a topographic map to locate the site for a pilot plant of the "Pearl Asian Gold Mineral Processing Center." This ancestral domain claim known for very rich gold reserve in Cagayan de Oro (River of Gold) City, Mindanao Island, Philippines, is approximately 1 1/2 hour flight south of Manila. This is the local tribes' main livelihood: as small-scale mining "gold panners" producing gold between 1-2 kilos per week, using the most crude and manual procedures of gold recovery. The silver and platinum metals were discarded by the locals as they don't seem to understand the actual value of these other precious metals.
Just like the 1849 Gold Rush Bonanza in California, Pearl Asian Mining Industries (PAIM) sets out as the Pioneer in the mining developments, environmental safety and community developments. Pearl Asian is committed to build school houses, churches and medical clinics. Pearl Asian will help develop these very remote, mostly untapped, and very rich in gold areas of the Philippines "The Isles of Gold."
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Contact Information: Pearl Asian Mining Industries, Inc. USA: Richard C. Miller, 770-336-5779 (Investor Relations) 877-317-4430 (fax) IR*PearlAsianMining.com www.PearlAsianMining.com or Philippines: +63-2-490-0140
Posted by megahead34 on :
This is great. An earlier start just means early $$$
Posted by megahead34 on :
Anyone get the divy on Scottrade?
Posted by WMRP on :
I called Banc of America Investments this morning. No Divy yet. They don't seem to know much about it.
Posted by megahead34 on :
Yea, i'll probably call Scottrade later. But wow, 360 million in volume in 10 mins.
Posted by fishfarmer on :
179m + Trade!! WOW the biggest one Ive ever seen I think.
Posted by 7 of 9 on :
EFGI has moved its ask from .0001 to .0550 !
hmmmmmm
Posted by bobcat88 on :
I'd consider selling 1mil at .05
Posted by buzzygresham on :
id sell all i have at that
Posted by cottonjim on :
I just got off the phone with my local ST broker, I was wondering when I could expect to see my Pref. shares. He had never heard of the Divy so he couldn't tell me. He is going to check into it and call me back.
Posted by megahead34 on :
Really, thats odd. Let us know what happens after he checks.
Posted by positivearn on :
7, Why do you think he's doing this? (EFGI)
Posted by 7 of 9 on :
shorting at 1 has stopped for now
EFGI still at .055
perhaps the broker that has shorted paim 8B shares was fired?
Posted by unreal33 on :
I've had a million up for sale * .0002 for two weeks now with no takers
Posted by dkinvest on :
quote:Originally posted by unreal33: I've had a million up for sale * .0002 for two weeks now with no takers
Join the club - This stock is a turd. I've heard some people can't even sell at 0001.
Posted by megahead34 on :
Did anyone get their pref shares?
Posted by dbrownRC on :
do you really think someone is going to buy the shares for an immediate 50% loss??? hard to imagine that happening with all the bad speculation around this one...good luck thouhg
Posted by buzzygresham on :
anyone wanna hear the "good" news i got concerning the divy?
Posted by megahead34 on :
what?
Posted by ruthie on :
Oh Yeah, what news do you have??
Posted by jermarksey on :
yea lets have it buzzy
Posted by dkinvest on :
quote:Originally posted by dbrownRC: do you really think someone is going to buy the shares for an immediate 50% loss??? hard to imagine that happening with all the bad speculation around this one...good luck thouhg
Good Point - thank God I am only riding free shares though. Make that worthless free shares.
Posted by buzzygresham on :
According to STrade, they are being sent a physical certificate that then has to be divided and sent in the mail to us. It doesnt have a ticker and cant be held for value in our acct yet. Said it might take 3 weeks before i even saw the physical certificate and then there is no telling when i could gain value from it
Posted by 7 of 9 on :
ameritrade said the divy would be dropped in my account when they get it
i doubt ameritrade would mail anything since that costs money. they are totally automated, which is good.
Posted by buzzygresham on :
i dont know. guess we will see what happens. Anyone else with STrade hear that same thing?
Posted by fishfarmer on :
Gnna make some natives rich!!
Posted by dkinvest on :
Buying this stock is sort of like your money in a savings account - It just sits there and does absolutely nothing.
Except with a savings account, you can get your money back easier.
Posted by 7 of 9 on :
HDSN still shorting at 1
EGFI has stopped shorting, and is now asking 0.055
Posted by dkinvest on :
quote:Originally posted by dkinvest: Buying this stock is sort of like your money in a savings account - It just sits there and does absolutely nothing.
Except with a savings account, you can get your money back easier.
Oh, and one more thing - you can't naked short banks.
Posted by jellybean on :
dkinvest---You are still bashing PAIM. PAIM will increase in price in the days ahead. Very good pr today!!! Large volume. PRICE OF GOLD INCREASING. I will continue to buy PAIM.
Posted by dkinvest on :
I may bash PAIM (like anyone needs to for any reason), but at least I'm not a liar. I'm sure you have a good internet connection in the hills of the Philippines, don't ya?
quote:Originally posted by jellybean: Go to bb.com. Volume at 2.57billion. I am excited lots of gold to be mined. Got my plane reservation for April 1st to the philippines. I want to see this gold.
Posted by cottonjim on :
If I may interupt the bashfest for a minute, I just got off the phone with my ST broker and he confirmed what buzzyg said earlier. DTC is the co. responsible for the tranfer of our divy. shares. Apparently there is some aspect that makes these shares un-fit for electronic transfer so they are being delivered by mail. Furthermore I can expect to see my certificates in the mail in a few weeks. He also said that he would call me if any other details came available to him, I will in turn pass them along as I find out.
Posted by dkinvest on :
Boy, I can't wait to get my certificate. Whooooopeeeee!
Posted by 7 of 9 on :
naked shorting is fantastic !!!!
all you noobs like dickinvest just stand on the sidelines and watch.
1) if it wasnt for naked shorting, we would never get shares at .0001. no one sells their shares at the lowest possible price. think.
2) naked shorting is the rocket fuel that will drive paim to 5 cents. I calc. the shorts are approaching 20B shares short, which is high but not a record. When paim goes up due to massive buying pressure, they will have to buy 20B shares to cover their short. this is what drove USXP up.
3) USXP and all the others are shells. They do not exist. PAIM is a gold mine in asia.
4) EFGI has given up on shorting PAIM. The trader involved has been fired. Only HDSN is left.
Posted by dkinvest on :
quote:Originally posted by 7 of 9: naked shorting is fantastic !!!!
all you noobs like dickinvest just stand on the sidelines and watch.
1) if it wasnt for naked shorting, we would never get shares at .0001. no one sells their shares at the lowest possible price. think.
2) naked shorting is the rocket fuel that will drive paim to 5 cents. I calc. the shorts are approaching 20B shares short, which is high but not a record. When paim goes up due to massive buying pressure, they will have to buy 20B shares to cover their short. this is what drove USXP up.
3) USXP and all the others are shells. They do not exist. PAIM is a gold mine in asia.
4) EFGI has given up on shorting PAIM. The trader involved has been fired. Only HDSN is left.
1. Ya, let's buy shares at 0001 that will never go past 0002/share because everyone & their brother will selling at 0002 for a 100 % profit, then re-buy at 0001 and do it all over again constantly. 2. 5 cents - LOL 3. PAIM ain't legitimate until they mine/sell Gold, until then they mine boogers out of their nose. No one knows if this mining claim is legitimate. 4. Back up your claim that "The trader involved has been fired." i.e. news article.
Posted by jellybean on :
Dkinvest: ONE QUESTON FOR YOU? Would you like a 5% CD or a stock with very good potential for a 100% gain? Also I am not a liar! I have been trading stocks for 50 years and have made LOTS AND LOTS OF CASH ON LOW PRICE STOCKS!!!!!!
Posted by tmanfromtexas on :
Jelly, how is the weather in the Phillipines? Have you met Pearl?
Posted by tmanfromtexas on :
7/9 werent you saying back on March 8th that all the shorts would have to cover because of the stock dividend? Check page 14. Now you are saying we have 20bb short. SO in reality this never ends. Sux to own shares. TMAN...
Posted by Stockpile on :
Has anyone been able to sell at .0002?
Posted by DC Trade on :
quote:Originally posted by 7 of 9: naked shorting is fantastic !!!!
all you noobs like dickinvest just stand on the sidelines and watch.
1) if it wasnt for naked shorting, we would never get shares at .0001. no one sells their shares at the lowest possible price. think.
2) naked shorting is the rocket fuel that will drive paim to 5 cents. I calc. the shorts are approaching 20B shares short, which is high but not a record. When paim goes up due to massive buying pressure, they will have to buy 20B shares to cover their short. this is what drove USXP up.
3) USXP and all the others are shells. They do not exist. PAIM is a gold mine in asia.
4) EFGI has given up on shorting PAIM. The trader involved has been fired. Only HDSN is left.
Hey 7, I still see TASL and NITE with huge amounts of shares on the ask... are they not also shorting the stock? Thx!
Posted by Intimatrader on :
Ofcourse you can sell at .0002 .
Theres just simply a line in front of you . Why is that so hard for some to understand .
But more than that ....Why would you sell at .0002 ?
And Dk-less Invest ..Why are you now bashing Jellbean and others who have brought up sound information against your wanting this stock to fail ?
It was 7 of 9 who saw that we can take advantage of what naked shorters are doing ...Thats how I bought paim at .0001 :cool:It was easy to sell some but decided to keep most & buy more . Now be cool as we can all make money by sharing information and insight on these stocks . I don't mind bashers here { we need to laugh } but they should leave their emotions out of it .
For those that get them ...The dividends are on their way . The company is doing all the right things and some bashers are still bashing ...as though everyone is suposed to be a multi millionaire from two or three weeks of owning this stock . It's a great price to get in period .. .0001 or .0002 are fantastic prices . Gold is going up again & again .....silver is at a 20 year high and still said to be way undervalued .....And paim will excavate even more than gold and silver { other precious metals & trace elements aswell } . Paim is deversified with multiple sites in canada & the philipines ... Paim will be using better & upto date mining technology then what was available in the past .They are constant with information on mining operations & mining status , they have proven themselves investor{ share holder friendly } and have even taken a bold stance against naked shorters to protect the company and share holders interest . Paim is also community envolved and environmentally sound .Paim is all about doing mining the right way .....And being successfull at it . The third quater is not a long wait plus todays news may push profits sooner . Like I said ..GREAT PRICE .
So tell me bashers ..What stock will you move to next month ? Posted by madmoney on :
it still amuses me how people keep talking about covering naked shorts, the definition of naked shorting is selling shares you have not barrowed, naked short sellers never intend to buy to cover, short shares are moved around so mutch that the original seller gets lost in the shuffle, this has been an ongoing problem in pinkie land for years, the DTCC has little or no control over these markets and are in no hurry to solve this problem. these shares will never be covered, NEXT, why would anyone sell at 0001? , well think about it, this stock traded at 0002 before the split so 2000 dollars worth of stock bought pre split would give you 2 billion shares witch at 0001 is worth two hundred thousand dollars. if i owned this before the split i would definately sell for 0001! and so would you! and anyone who says different is either crazy or a fool!, of the 35 billion issued and outstanding paim states that 5 billion are in the public float, they dont say who owns the rest of the O/S and with an unlimitted number of authorized shares the actual O/S COULD BE much higher, only officers, or directors are required to register a sale or purchase with the SEC. so private investors who could potentialy hold many billions of shares could very well be selling. I have not been able to reach a transfer agent to get a current share count. has anyone else been able to do so? if so please provide a varifiable phone number. the company says they are not selling shares witch does not mean shares are not being sold by someone else.
Posted by 7 of 9 on :
7 responds
quote:Originally posted by madmoney: it still amuses me how people keep talking about covering naked shorts, the definition of naked shorting is selling shares you have not barrowed, naked short sellers never intend to buy to cover, short shares are moved around so mutch that the original seller gets lost in the shuffle, this has been an ongoing problem in pinkie land for years, the DTCC has little or no control over these markets and are in no hurry to solve this problem. these shares will never be covered, NEXT, why would anyone sell at 0001? , well think about it, this stock traded at 0002 before the split so 2000 dollars worth of stock bought pre split would give you 2 billion shares witch at 0001 is worth two hundred thousand dollars. if i owned this before the split i would definately sell for 0001! and so would you! and anyone who says different is either crazy or a fool!, of the 35 billion issued and outstanding paim states that 5 billion are in the public float, they dont say who owns the rest of the O/S and with an unlimitted number of authorized shares the actual O/S COULD BE much higher, only officers, or directors are required to register a sale or purchase with the SEC. so private investors who could potentialy hold many billions of shares could very well be selling. I have not been able to reach a transfer agent to get a current share count. has anyone else been able to do so? if so please provide a varifiable phone number. the company says they are not selling shares witch does not mean shares are not being sold by someone else.
1) mms do not consider naked shorting a problem. they believe that the vast scamming in the otc requires it. the dtc calls naked shorting
"Failure to Deliver"
2) naked short shares do not have to be covered as long as the stock does not go up. the mms that create the short shares will always be short. they do not belive the stock will ever go up.
3) during the preferred share divy, the shorts efgi and hdsn shorted more. they did not roll over. a cash divy would kill them.
4) exactly why would the original stockholders sell now at the lowest possible price? thats a tough one.
5) if the officers say in a pr they are not selling, but then are selling, they can go to jail for fraud. the mob does not hesitate.
6) to make any change in share structure requires at least 67% of the shareholder approval. any changes will be filed with the state of wy. the ceo can not legally create shares, unless she owns at least 67%.
7) any body could be selling at any time
8) i have emailed the xfer agent, American Heritage.
9) the OS is exactly 30B. it is filed with the state of wy and i checked it.
10) compare paim with rshn. the xfer agent stated for rshn is wrong. they are not the ta.
11) pink sheets are legit, and by that i mean mms can not just create fake shares willy nilly. there are 100s of large foreign cos like nestle that trade on pink sheets. mms do not short them.
7
Posted by 7 of 9 on :
quote:Originally posted by DC Trade:
quote:Originally posted by 7 of 9: naked shorting is fantastic !!!!
all you noobs like dickinvest just stand on the sidelines and watch.
1) if it wasnt for naked shorting, we would never get shares at .0001. no one sells their shares at the lowest possible price. think.
2) naked shorting is the rocket fuel that will drive paim to 5 cents. I calc. the shorts are approaching 20B shares short, which is high but not a record. When paim goes up due to massive buying pressure, they will have to buy 20B shares to cover their short. this is what drove USXP up.
3) USXP and all the others are shells. They do not exist. PAIM is a gold mine in asia.
4) EFGI has given up on shorting PAIM. The trader involved has been fired. Only HDSN is left.
Hey 7, I still see TASL and NITE with huge amounts of shares on the ask... are they not also shorting the stock? Thx!
TASL: dont know
NITE: i watched them buy billions of shares from the shorts. they have sold some at 3,2 and 1. NITE is selling more of their shares. NITE never goes long or short for very long. they flip, and play the spread. NITE is the king of the mms.
Posted by madmoney on :
to 7 of 9 RE: post - 7 responds - this page. can you prove # 3 or # 2 for that matter. i think not but give it a try if you want. # 5 is true and not quite true, there are many ways a company can dilute without they themselves selling shares directly into the market. # 6 may be true but in the case of paim hardly matters, reason: an unlimitted number of authorized shares. # 9 when did this take place?, and the state of wyoming would not know the outstanding share count, how could they and why would they care? it`s not thier job to know, all they would know is the registered number of authorized shares as filed under the articles of incorporation. paim may indeed have rights to mine gold in asia but they have not mined any yet and if you believe their PR`s they will not mine a significant amout for many months to come, but thats another issue entirely. the question in my mind is why do they have an unlimitted number of shares authorized?. several possible explanations come to mind perhaps you have a thought in that matter. thanks in advance. ( please do not take this post as an attack, these are only my thoughts and opinions. these posts are meant only to share thoughts and opinions and express our various points of veiw it`s not personal by any means )
Posted by Intimatrader on :
And it's great that you are sharing your thoughts . But 7 of 9 has a lot of good thoughts , insight & information that we can digest as well .
Theres no doubt that paim has every intention of digging and processing gold { and other precious metals } from these sites .
And the essay reports do show infact ....That there is a but load of gold , silver & other valuable minerals in those sites .
Paim has 100 % ownership of the mineral rights to several sites and is in partnership on another .
Gold and silver have just gone up again with silver at a 20 twenty year high ....inflation , economic instability and the devaluing dollor ....pretty mush show us these prices will go up .
If some people are so fearfull of a logical investment like paim shares ....Then please ...go run with your tail between your legs and give up your cheap shares to the remaining MM's .
It's cheap ! ...it's GOLD , silver & other precious metals and it's " INEVITABLE " ....The mining industry in the philipines is about to explode . Paim has put themselves in the top position .
Penny for your thoughts Posted by tyleemary on :
BLAH BLAH BLAH
Most of you don't know a damn thing about building a company. I just enjoy the entertainment of reading the garbage.
Posted by Intimatrader on :
So in other words ...
YOU CAN"T THINK OF ANYTHING TO SAY .
Posted by 7 of 9 on :
quote:Originally posted by madmoney: to 7 of 9 RE: post - 7 responds - this page. can you prove # 3 or # 2 for that matter. i think not but give it a try if you want. # 5 is true and not quite true, there are many ways a company can dilute without they themselves selling shares directly into the market. # 6 may be true but in the case of paim hardly matters, reason: an unlimitted number of authorized shares. # 9 when did this take place?, and the state of wyoming would not know the outstanding share count, how could they and why would they care? it`s not thier job to know, all they would know is the registered number of authorized shares as filed under the articles of incorporation. paim may indeed have rights to mine gold in asia but they have not mined any yet and if you believe their PR`s they will not mine a significant amout for many months to come, but thats another issue entirely. the question in my mind is why do they have an unlimitted number of shares authorized?. several possible explanations come to mind perhaps you have a thought in that matter. thanks in advance. ( please do not take this post as an attack, these are only my thoughts and opinions. these posts are meant only to share thoughts and opinions and express our various points of veiw it`s not personal by any means )
#2) the rules of shorting are hard to understand. Imagine if a broker could just create fake shares at will and sell them. In that case there could not be a stock market. This happened a lot in the 1800s. mms can create "short" shares on their computer. their computer then shows -1B shares PAIM, a negative. this "short" is real and never goes away. If they do not buy back the shares, they will forever be short. However, is PAIM never goes up, or reverses, they can remain short forever. All this is totally against sec rules in theory. If PAIM goes up to, say, 0.01, then their computer will show -$100M for PAIM, a huge loss.
I do not know who or when they are made to cover the short. A good question.
#3) It was Pearl that first mentioned EFGI as a naked shorter. Then she paid to turn on the L2s (real time) so we could all watch it. I have been watching EFGI and HDSN short PAIM for weeks. They sell billions of shares, and never buy. NITE was the only mm i saw buying. If this is really PAIM selling thats bad. But why would they?
#5) Any dilution requires approval of 67% of shares AND a filing. The filing will be at the state level for a pink, not an SEC filing. However, state filings are online, PAIM's is. The CEO alone cannot dilute bcs. that is theft. Any mere 51% owner can still not dilute. Both can run the co. into the ground.
#9) PAIM filed the share structure when the incorporated in WY. All this is online and has been posted here. Easy to verify.
Unlimited Shares) Only allowed in WY. Beats me why. I know Pearl wanted to make this massive f/s, maybe thats why. Not a good thing in general.
Let me say this. I have lost money on a long line of "real" companies with a modest and fixed no. of shares. Hardly a comfort.
Everything on the otc is very risky since all these cos have already collapsed. Buyer beware.
Posted by dkinvest on :
quote:Originally posted by jellybean: Dkinvest: ONE QUESTON FOR YOU? Would you like a 5% CD or a stock with very good potential for a 100% gain? Also I am not a liar! I have been trading stocks for 50 years and have made LOTS AND LOTS OF CASH ON LOW PRICE STOCKS!!!!!!
Posted by fishfarmer on :
Yeah, we are gonna screw the natives out of thier gold. Posted by Thomas Mick on :
No... some MM's are gonna screw us out of our profits! Posted by dkinvest on :
Here is the chart for the next 60 days:
0002 0001------------------------------------------ 0000
Posted by JOELGA on :
quote:Originally posted by dkinvest: Here is the chart for the next 60 days:
I think that is a pretty good prediction! lol
Posted by TickTrader on :
quote:Originally posted by cottonjim: If I may interupt the bashfest for a minute, I just got off the phone with my ST broker and he confirmed what buzzyg said earlier. DTC is the co. responsible for the tranfer of our divy. shares. Apparently there is some aspect that makes these shares un-fit for electronic transfer so they are being delivered by mail. Furthermore I can expect to see my certificates in the mail in a few weeks. He also said that he would call me if any other details came available to him, I will in turn pass them along as I find out.
cottonjim, Ameritrade rec'd that notice from the DTCC, too. CS rep read it to me - nothing about 'un-fit for electronic transfer', but stated DTC chose not to hold the certs and would mail them directly to participants. HOWEVER, the DTC is still working with the TA and it may be a week or two before everything is resolved.
IMO - Since the new shares are now declared convertible, this may alter their plans to mail certs.
I do know that if I get a cert in the mail, my next calls, emails, and letters will be to the SEC.
Posted by jellybean on :
PHILIPPINES: Area:300,000 km Population 84,525,539 Mineral Resources: Nickel,cobalt,silver,GOLD GOLD<GOLD Japan is the primary market for mineral products from the Phillipines. PAIM PAIM PAIM will go up just like Climax Mining which is at .30 and mining for gold in the Phillipines!!!!
Posted by letitrideboy on :
quote:Originally posted by jellybean: PHILIPPINES: Area:300,000 km Population 84,525,539 Mineral Resources: Nickel,cobalt,silver,GOLD GOLD<GOLD Japan is the primary market for mineral products from the Phillipines. PAIM PAIM PAIM will go up just like Climax Mining which is at .30 and mining for gold in the Phillipines!!!!
hmm does anybody know how many shares are out there for Climax mining? Hard to imagine it's as many as our paim
Posted by 7 of 9 on :
All PAIM bashers should now move to the VWKM board.
VWKM is worse than paim now with massive dumping at .0001.
Posted by dkinvest on :
quote:Originally posted by letitrideboy:
quote:Originally posted by jellybean: PHILIPPINES: Area:300,000 km Population 84,525,539 Mineral Resources: Nickel,cobalt,silver,GOLD GOLD<GOLD Japan is the primary market for mineral products from the Phillipines. PAIM PAIM PAIM will go up just like Climax Mining which is at .30 and mining for gold in the Phillipines!!!!
hmm does anybody know how many shares are out there for Climax mining? Hard to imagine it's as many as our paim
HEH, HEH, You said "Climax", HEH, HEH, HEH
Posted by Thomas Mick on :
What is the symbol for Climax mining?
Posted by letitrideboy on :
quote:Originally posted by Thomas Mick: What is the symbol for Climax mining?
Let the jokes begin
Posted by cottonjim on :
quote:Originally posted by letitrideboy:
quote:Originally posted by Thomas Mick: What is the symbol for Climax mining?
Let the jokes begin
OOOH
Posted by dkinvest on :
quote:Originally posted by cottonjim:
quote:Originally posted by letitrideboy:
quote:Originally posted by Thomas Mick: What is the symbol for Climax mining?
Let the jokes begin
OOOH
AAAH
Posted by cottonjim on :
Or if your English, "IAMARRIVING"
Posted by tmanfromtexas on :
According to Climax year end report posted on their website, they had a net loss of 1.5mm. applied to shares that was a net loss of .004 per share. It appears that they have 350mm shares o/s. Its like comparing apples to oranges. Climax Mining 350mm share price, .40. Paim 30bb share price, .0001. TMAN...
Posted by jellybean on :
Climax Mining symbol is CLXMF. Go to WED SITE: MINING in The Philippines. Also Climax Mining Ceo was on the Business Channel discussing Mining in the Phillippines. The Islands are loaded with GOLD. The only problem is to get roads built. PAIM and Climax will make lots of money when they sell gold to the U.S. and Japan. There are many uses of gold. One use is in gold conductors for NASA. BUY LOW AND SELL HIGH is the first lesson of investing!!!
Posted by megahead34 on :
Very well said jellybean. I'm sick of bashers on this stock. If they don't like the stock, stop talking about it. You gave your point on the stock, and thats it, no need to keep bashing.
PAIM is the real deal. It's just a matter of time and patience.
Posted by 7 of 9 on :
What do the bashers hope to gain?
Is PAIM heading down from here?
Do they want to buy it at a lower price?
Posted by tmanfromtexas on :
Its funny how when someone questions someone else about what they have said or stated as fact or used comparisons they are the dreaded basher, but if someone throws out information that is "positive" they are NOT labeled a pumper. So curious. TMAN...
Posted by 7 of 9 on :
quote:Originally posted by tmanfromtexas: Its funny how when someone questions someone else about what they have said or stated as fact or used comparisons they are the dreaded basher, but if someone throws out information that is "positive" they are NOT labeled a pumper. So curious. TMAN...
u totally miss my point again?
why bash .0001 stocks? whats the point?
Posted by tmanfromtexas on :
I think it may be frustration of losing money, buying into the d/d they do and the hype they hear. Feeling like they are doing someone a favor by commenting. That time of month, hell I dont know. I dont normally bash stocks even though there are a few I wanted to due to frustration of selling to early or hanging on to long. I guess its human nature to have other people feel like crap when you do. TMAN...
Posted by bobcat88 on :
My only concern that would involve the price being able to go lower has been addressed by Pearl already, that would be a R/S. She stated that it wouldnt happen and I sure hope that it dont, I'm holding big empty bags from PCCN/PCCE.
Have any of you tried to contact the company pearlasian at thier web site? I wanted to do a little more dd and emailed them with questions and concerns at the contact they have listed and it came back undeliverable.
Posted by tyleemary on :
quote:Originally posted by tmanfromtexas: Its funny how when someone questions someone else about what they have said or stated as fact or used comparisons they are the dreaded basher, but if someone throws out information that is "positive" they are NOT labeled a pumper. So curious. TMAN...
WAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH !!
Posted by letitrideboy on :
I own paim I am hoping for the best, I just wonder how much this stock will move with that many shares out there, how much gold and other minerals would they have to get out of there to make it move?
Posted by Intimatrader on :
Theres a lot gold in the philipines . Silver and other metals too. Gold and silver are going up at a nice pace .Watching the PAIM thread is simple to understand . The price is incredibly low and it's a great time to position in it . The company now requires time to move forward . All investors need to do is wait . But you can see many don't even want to wait a small amount of time and become bashers . Thats all ...These are people that just can't sit still . Posted by Skyman on :
I would like Pearl to be more clear about the number of shares, which corps she has or has not been in, financials, financials, financials. Its like watching someone being interviewed on 60 minutes or something.
Posted by 7 of 9 on :
a lot of you guys need to move to the nasdaq now
i suggest amd
u will not get closure in the pinks
Posted by bobcat88 on :
Feeling a little better than I did yesterday, dont know what the undeliverable response was all about but had this in my in box this AM. Only thing I dont like about it is the fact that she is only using a hotmail account. With 30m shares PAIM should be able to afford a little more than that as their company contact email address.
From: E. Pearl Asia [mailto:pearlasian*hotmail.com] Sent: Tuesday, April 04, 2006 11:16 PM To: ************* Subject: Importance: High
Dear Shareholder,
If you decide you would like to hold your certificate, just order it from your brokerage firm.
Check in a week or two and it should be in your account. They may ignore your order for the certificate if they don't already see your shares in your account, so wait till then to request it.
I have been a shareholder for a while now and am just wondering when and how the preferred shares are going to get to me. Also how will it work with the conversion? I would like to hold my shares for the 5 years and would like to know what steps I have to do to get that ball rolling.
Thanks, ************* - Boise Idaho
Posted by dkinvest on :
This stock is the bomb.
Posted by bobcat88 on :
I found this on another board, hope this guy is a stand up character. ---------------------------------------- Good Morning Members. This is Rick, Investor Relations Person for Pearlasian mining co. Paim I would like to take second of your time & tell you I have been made aware of some of the Posting going on in some of the boards on the Internet, this being 1 of them. I know as in all stocks PS, Blue Chip what ever there are some on both side of the fence-pro & con.so let me tell you about & how I became involved with Pearl & Paim. Back on Jan 9th 06, I bought my 1 batch of shares & have made 2 more buys since, the last being March 15th AFTER the Deadline for the Dividend payout. It was during Jan I noticed there was not much to find out about CURRENT EVENTS on PAIM. I contacted 'PEARL' at her home & we began what was to become & REMAINS a true friendship founded on TRUST, FRANKNESS OF SPEECH & OUR GOALS in life. I told pearl there wasn’t much info out there & that some of the things I found I really didn’t fully understand as they were written. We found it was just the way we talked about things and found that in talking on the Phone we had NO problem understanding each other’s points of view or Goals. In the following weeks more calls back & forth to each other would lead to my current Position as the I.R. person for the company. I asked only 1 thing before Excepting the job, 1.-Honesty.My job consists of assisting with press release’s, Talking to shareholders both in E-mails & by Phone and seeing that The PR's are properly released in a context of words that all people can understand. SIMPLE ENGLISH. And for this I am PAID each Friday, directly to my Bank. I also asked for a New WIRELESS LAPTOP & Cell phone, paid for by the company. Both I HAVE received. I also receive a nice amount of SHARES in the Company every 3 months. I have already received my 1st allotment. Ok now to the Present- Some shareholder here for some reasons of their own think Paim might be a SCAM.I cannot tell you what to believe or think. I do NOT, not now or ever or I would not be here. Some had tried to connect Pearl with some shady deals or scams in the Past. I have asked her about this & she has Categorically Denied any connection. Thats good enough for me as I could not find any DOCUMENTED PROOF from any court records, nor from a connection at the SEC of any past or present cases involving Pearl. End of search. Case CLOSED for me on that subject. Now to the PRESENT -Pearl has told or asked I might say for me to get a Passport so I will be ready to go with the BOD & HER to the PHILLIPPINES in APRIL, 2006 to see all the progress they are making on OUR, HERS -YOURS & MINE COMPANY.PAIM. We will be meeting with locals & going to SEE the XYZ MINE, I DO have permission to take PICTURES of EVERYTHING & we will be putting those in a PR based on our trip. Pearl & I have talked about keeping all shareholders updated on any news & progress & I think you would agree she has done a super Job so far & I am sure will continue to do so. I can tell you pearl is there now conducting Paim business & I expect to hear from her soon. So to wrap this up, I do go on some times-I would like to ask each & every shareholder 1 favor-GIVE PEARL & PAIM A CHANCE. Wait before you pass any judgment or form an opinion on either to see what happens in the very near future. Give the proper time needed to get the DIVIDEND out to you & know that there are ongoing discussions in management pertaining to current affairs. To those in this board that post negative things or don't believe in us, move on with life its to short to waist. I don't want nor will I argue with you nor will I even reply to any negative post. I TRUST PEARL 110 % & I BELIEVE IN PAIM. To all the Positive thinkers I on behalf of the company thank you for your support & I’m looking towards a POSITVE & PROSPEROUS FUTURE with PEARL IN PAIM. Thank you.
Richard C Miller.
Posted by dkinvest on :
quote:Originally posted by bobcat88: I found this on another board, hope this guy is a stand up character. ---------------------------------------- I contacted 'PEARL' at her home & we began what was to become & REMAINS a true friendship founded on TRUST, FRANKNESS OF SPEECH & OUR GOALS in life. We found it was just the way we talked about things and found that in talking on the Phone we had NO problem understanding each other’s points of view or Goals. In the following weeks more calls back & forth to each other would lead to my current Position as the I.R. person for the company. Richard C Miller.
Sounds to me that Richard & Pearl got between the sheets.
Posted by tmanfromtexas on :
That was low dude. TMAN...
Posted by dkinvest on :
They created their own "Climax" co.
Posted by 7 of 9 on :
they can make love to animals as far as i care as long as they dig dig dig
richard, when u r in the phillippines, grab a shovel
Posted by jermarksey on :
i wonder how much pearl pays maybe i could get a job with her. not doing to good with these stocks
Posted by dkinvest on :
2 1 ---------------------------------------------- 0
Posted by cottonjim on :
Found this article, originaly posted in the Manila Times oct 10, 2005, interesting read. No mention of Pearl which I do find somewhat strange. If anyone else wants to browse the paper it is on-line at manilatimes.net.
This week, Benjamin Philip Romualdez hosts the 6th Asia Pacific Mining Conference and Exhibition for some 300 delegates. He does so in his capacity as president and CEO of Benguet Corp., president of the Chamber of Mines and president of the Asean Federation of Mining Associations.
The meeting is a milestone because it seeks to project the Philippines as an inviting place for the mining industry. It caps some 12 road shows conducted by the Chamber of Mines and the government in 10 countries in the last 12 months.
The last time a mine was opened in the Philippines was 17 years ago. Funded, managed and operated by industry giant Benguet Corp., Dizon Copper-Silver Mines in San Marcelino, Zambales, became the darling of the stock market, bringing awesome windfall to Benguet, the Dizon family and stockbrokers. In 1997 just before the Asian crisis, the copper mine stopped operations and Benguet incurred losses and had to restructure its loans to avoid default. It also went into the water business and real-estate development.
Benguet’s saga, says Philip Romualdez, “reflects what happened to the Philippine mining industry.” His response to the industry’s doldrums: Revive mining.
“We thought that to revive Benguet, we had to revive mining,” he explains. Recent developments favor his game plan. Prices of precious meals are at their historic highs. And the Supreme Court ruled in February that foreigners can participate 100 percent in mining. The decision, says Romualdez, “is a watershed for the industry.”
“We’ve had some inroads in our mining activities in the last 18 months or so,” he relates. A third development is President Gloria Macapagal-Arroyo’s focus on mining as a saving grace of her administration. She has approved a minerals action plan intended to put on stream some 23 major mining projects. “It is a terrific plan that will implement all that is provided for in the Mining Act,” gushes former ambassador and foreign secretary Delia Albert, now the presidential adviser on mining with a virtual Cabinet rank. She is pushing for an interagency one-stop shop on mining.
The plan, she assures, will solve “the disconnect between the national government policy and what should be done at the local government level.” After the disaster with Marcopper, many local communities are wary of mining activities for its adverse impact. Marinduque province finally sued Placer Dome of Canada for the Marcopper’s damage.
The industry is seeing a boom. Mining has been the best performing sector of the Philippine Stock Exchange this year. The mining index doubled in value in just a year.
“The industry is poised for a strong economic takeoff based on a reinvigorated mining industry,” gushed President Arroyo in February after the landmark Supreme Court ruling. Her optimism is based on two factors, one, the Philippines is the fifth mineralized country in the world and two, it is close to China, world’s biggest market for minerals. Arroyo sees mining as a way out of poverty.
Environment Secretary Michael Defensor sees “a golden era for the mining industry which will create vast economic benefits while giving paramount consideration to the protection of the environment at every stage.” He predicts mineral exports could further rise to $1 billion a year from $800 million last year.
Twenty-three mining projects in the pipeline have potential value of $90 billion. The country’s minerals are worth $840 billion.
Two new mines—a copper, gold, silver and zinc operation on the Bicol Peninsula run by Lafayette NL of Australia and the Coral Bay nickel project by Japan’s Sumitomo Mining and Nissho Iwai Corp. on the western island of Palawan, had begun production over the past year.
Romualdez says at least $345.7 million had been invested in mining over the past year, mainly on mine construction. The amount could rise to $500 million this year, he says. Fresh capital created up to 55,000 new jobs, including 20,000 direct-hires by mining firms, he estimates.
Among the big new mining projects are: the Palawan nickel project at Coral Bay with an initial investment of $179 million; Rapu-Rapu polymetallic of Lafayette Philippines, $39.12 million; Didipio Copper-Gold of Australasian Philippines Mining Inc., $33.7 million; Canatuan Gold of TVI Resources, $24 million; Far Southeast Gold of Lepanto Consolidated Mining Co., $11.6 million; Masbate Gold of Filminera Resources, $11.57 million; and Akle Cement of Eagle Cement Corp., with $11 million.
During the doldrums years of mining, investments ranged from $10 million to $20 million yearly.
Benguet itself is talking with over 50 foreign mining firms to raise capital for its King-King gold and copper property in Campostela Valley.
Philip, 44, the second of four children of Benjamin “Kokoy” Romualdez, has a BA in policy studies at Darmouth and an MA in history at Oxford.
--------------------------------------------------------------------------------
Posted by BuyTex on :
gotta wonder why such a rookie got hired...
notice, no disclosure statement (which is required)
sending info to some investors but not all--also a no-no...
quote:Originally posted by bobcat88: I found this on another board, hope this guy is a stand up character. ---------------------------------------- Good Morning Members. This is Rick, Investor Relations Person for Pearlasian mining co. Paim I would like to take second of your time & tell you I have been made aware of some of the Posting going on in some of the boards on the Internet, this being 1 of them. I know as in all stocks PS, Blue Chip what ever there are some on both side of the fence-pro & con.so let me tell you about & how I became involved with Pearl & Paim. Back on Jan 9th 06, I bought my 1 batch of shares & have made 2 more buys since, the last being March 15th AFTER the Deadline for the Dividend payout. It was during Jan I noticed there was not much to find out about CURRENT EVENTS on PAIM. I contacted 'PEARL' at her home & we began what was to become & REMAINS a true friendship founded on TRUST, FRANKNESS OF SPEECH & OUR GOALS in life. I told pearl there wasn’t much info out there & that some of the things I found I really didn’t fully understand as they were written. We found it was just the way we talked about things and found that in talking on the Phone we had NO problem understanding each other’s points of view or Goals. In the following weeks more calls back & forth to each other would lead to my current Position as the I.R. person for the company. I asked only 1 thing before Excepting the job, 1.-Honesty.My job consists of assisting with press release’s, Talking to shareholders both in E-mails & by Phone and seeing that The PR's are properly released in a context of words that all people can understand. SIMPLE ENGLISH. And for this I am PAID each Friday, directly to my Bank. I also asked for a New WIRELESS LAPTOP & Cell phone, paid for by the company. Both I HAVE received. I also receive a nice amount of SHARES in the Company every 3 months. I have already received my 1st allotment. Ok now to the Present- Some shareholder here for some reasons of their own think Paim might be a SCAM.I cannot tell you what to believe or think. I do NOT, not now or ever or I would not be here. Some had tried to connect Pearl with some shady deals or scams in the Past. I have asked her about this & she has Categorically Denied any connection. Thats good enough for me as I could not find any DOCUMENTED PROOF from any court records, nor from a connection at the SEC of any past or present cases involving Pearl. End of search. Case CLOSED for me on that subject. Now to the PRESENT -Pearl has told or asked I might say for me to get a Passport so I will be ready to go with the BOD & HER to the PHILLIPPINES in APRIL, 2006 to see all the progress they are making on OUR, HERS -YOURS & MINE COMPANY.PAIM. We will be meeting with locals & going to SEE the XYZ MINE, I DO have permission to take PICTURES of EVERYTHING & we will be putting those in a PR based on our trip. Pearl & I have talked about keeping all shareholders updated on any news & progress & I think you would agree she has done a super Job so far & I am sure will continue to do so. I can tell you pearl is there now conducting Paim business & I expect to hear from her soon. So to wrap this up, I do go on some times-I would like to ask each & every shareholder 1 favor-GIVE PEARL & PAIM A CHANCE. Wait before you pass any judgment or form an opinion on either to see what happens in the very near future. Give the proper time needed to get the DIVIDEND out to you & know that there are ongoing discussions in management pertaining to current affairs. To those in this board that post negative things or don't believe in us, move on with life its to short to waist. I don't want nor will I argue with you nor will I even reply to any negative post. I TRUST PEARL 110 % & I BELIEVE IN PAIM. To all the Positive thinkers I on behalf of the company thank you for your support & I’m looking towards a POSITVE & PROSPEROUS FUTURE with PEARL IN PAIM. Thank you.
Richard C Miller.
Posted by SincereX13 on :
it could just be some bs prankster as well.
Posted by dkinvest on :
quote:Originally posted by BuyTex: gotta wonder why such a rookie got hired...
notice, no disclosure statement (which is required)
sending info to some investors but not all--also a no-no...
quote:Originally posted by bobcat88: I found this on another board, hope this guy is a stand up character. ---------------------------------------- Good Morning Members. This is Rick, Investor Relations Person for Pearlasian mining co. Paim I would like to take second of your time & tell you I have been made aware of some of the Posting going on in some of the boards on the Internet, this being 1 of them. I know as in all stocks PS, Blue Chip what ever there are some on both side of the fence-pro & con.so let me tell you about & how I became involved with Pearl & Paim. Back on Jan 9th 06, I bought my 1 batch of shares & have made 2 more buys since, the last being March 15th AFTER the Deadline for the Dividend payout. It was during Jan I noticed there was not much to find out about CURRENT EVENTS on PAIM. I contacted 'PEARL' at her home & we began what was to become & REMAINS a true friendship founded on TRUST, FRANKNESS OF SPEECH & OUR GOALS in life. I told pearl there wasn’t much info out there & that some of the things I found I really didn’t fully understand as they were written. We found it was just the way we talked about things and found that in talking on the Phone we had NO problem understanding each other’s points of view or Goals. In the following weeks more calls back & forth to each other would lead to my current Position as the I.R. person for the company. I asked only 1 thing before Excepting the job, 1.-Honesty.My job consists of assisting with press release’s, Talking to shareholders both in E-mails & by Phone and seeing that The PR's are properly released in a context of words that all people can understand. SIMPLE ENGLISH. And for this I am PAID each Friday, directly to my Bank. I also asked for a New WIRELESS LAPTOP & Cell phone, paid for by the company. Both I HAVE received. I also receive a nice amount of SHARES in the Company every 3 months. I have already received my 1st allotment. Ok now to the Present- Some shareholder here for some reasons of their own think Paim might be a SCAM.I cannot tell you what to believe or think. I do NOT, not now or ever or I would not be here. Some had tried to connect Pearl with some shady deals or scams in the Past. I have asked her about this & she has Categorically Denied any connection. Thats good enough for me as I could not find any DOCUMENTED PROOF from any court records, nor from a connection at the SEC of any past or present cases involving Pearl. End of search. Case CLOSED for me on that subject. Now to the PRESENT -Pearl has told or asked I might say for me to get a Passport so I will be ready to go with the BOD & HER to the PHILLIPPINES in APRIL, 2006 to see all the progress they are making on OUR, HERS -YOURS & MINE COMPANY.PAIM. We will be meeting with locals & going to SEE the XYZ MINE, I DO have permission to take PICTURES of EVERYTHING & we will be putting those in a PR based on our trip. Pearl & I have talked about keeping all shareholders updated on any news & progress & I think you would agree she has done a super Job so far & I am sure will continue to do so. I can tell you pearl is there now conducting Paim business & I expect to hear from her soon. So to wrap this up, I do go on some times-I would like to ask each & every shareholder 1 favor-GIVE PEARL & PAIM A CHANCE. Wait before you pass any judgment or form an opinion on either to see what happens in the very near future. Give the proper time needed to get the DIVIDEND out to you & know that there are ongoing discussions in management pertaining to current affairs. To those in this board that post negative things or don't believe in us, move on with life its to short to waist. I don't want nor will I argue with you nor will I even reply to any negative post. I TRUST PEARL 110 % & I BELIEVE IN PAIM. To all the Positive thinkers I on behalf of the company thank you for your support & I’m looking towards a POSITVE & PROSPEROUS FUTURE with PEARL IN PAIM. Thank you.
Richard C Miller.
Ya, What a Dick (Miller that is).
Posted by tyleemary on :
quote:Originally posted by bobcat88: I found this on another board, hope this guy is a stand up character. ---------------------------------------- Good Morning Members. This is Rick, Investor Relations Person for Pearlasian mining co. Paim I would like to take second of your time & tell you I have been made aware of some of the Posting going on in some of the boards on the Internet, this being 1 of them. I know as in all stocks PS, Blue Chip what ever there are some on both side of the fence-pro & con.so let me tell you about & how I became involved with Pearl & Paim. Back on Jan 9th 06, I bought my 1 batch of shares & have made 2 more buys since, the last being March 15th AFTER the Deadline for the Dividend payout. It was during Jan I noticed there was not much to find out about CURRENT EVENTS on PAIM. I contacted 'PEARL' at her home & we began what was to become & REMAINS a true friendship founded on TRUST, FRANKNESS OF SPEECH & OUR GOALS in life. I told pearl there wasn’t much info out there & that some of the things I found I really didn’t fully understand as they were written. We found it was just the way we talked about things and found that in talking on the Phone we had NO problem understanding each other’s points of view or Goals. In the following weeks more calls back & forth to each other would lead to my current Position as the I.R. person for the company. I asked only 1 thing before Excepting the job, 1.-Honesty.My job consists of assisting with press release’s, Talking to shareholders both in E-mails & by Phone and seeing that The PR's are properly released in a context of words that all people can understand. SIMPLE ENGLISH. And for this I am PAID each Friday, directly to my Bank. I also asked for a New WIRELESS LAPTOP & Cell phone, paid for by the company. Both I HAVE received. I also receive a nice amount of SHARES in the Company every 3 months. I have already received my 1st allotment. Ok now to the Present- Some shareholder here for some reasons of their own think Paim might be a SCAM.I cannot tell you what to believe or think. I do NOT, not now or ever or I would not be here. Some had tried to connect Pearl with some shady deals or scams in the Past. I have asked her about this & she has Categorically Denied any connection. Thats good enough for me as I could not find any DOCUMENTED PROOF from any court records, nor from a connection at the SEC of any past or present cases involving Pearl. End of search. Case CLOSED for me on that subject. Now to the PRESENT -Pearl has told or asked I might say for me to get a Passport so I will be ready to go with the BOD & HER to the PHILLIPPINES in APRIL, 2006 to see all the progress they are making on OUR, HERS -YOURS & MINE COMPANY.PAIM. We will be meeting with locals & going to SEE the XYZ MINE, I DO have permission to take PICTURES of EVERYTHING & we will be putting those in a PR based on our trip. Pearl & I have talked about keeping all shareholders updated on any news & progress & I think you would agree she has done a super Job so far & I am sure will continue to do so. I can tell you pearl is there now conducting Paim business & I expect to hear from her soon. So to wrap this up, I do go on some times-I would like to ask each & every shareholder 1 favor-GIVE PEARL & PAIM A CHANCE. Wait before you pass any judgment or form an opinion on either to see what happens in the very near future. Give the proper time needed to get the DIVIDEND out to you & know that there are ongoing discussions in management pertaining to current affairs. To those in this board that post negative things or don't believe in us, move on with life its to short to waist. I don't want nor will I argue with you nor will I even reply to any negative post. I TRUST PEARL 110 % & I BELIEVE IN PAIM. To all the Positive thinkers I on behalf of the company thank you for your support & I’m looking towards a POSITVE & PROSPEROUS FUTURE with PEARL IN PAIM. Thank you.
Richard C Miller.
ITS MARIO'S BROTHER !!
A "company" posting on some penny-ante message board. Here's my million !!
Posted by Intimatrader on :
No one needs to make a laughable atempt at pumping or bashing paim . Paim is a great investment at these prices and a little time is all they ask for .So give it to them . Let paim do it's job ......Stop trying to crap all over them before they get off the ground . Baby bashers need a binky .......not a board to rant lies on .
Posted by BuyTex on :
lol, y'al--just stick to facts...
no reason to label the IR guy "pino's brother"
also no reason to overlook his rather obvious shortcomings.
why get all emotional?
Posted by fishfarmer on :
Gold is too high for me to buy. Dig it?
Posted by dkinvest on :
Posted by 7 of 9 on :
I think its interesting to compare the PAIM gold find with other gold cos.
Notice that PAIM has found almost 100g/ton, which is the highest ive ever seen.
Tara has found only less than 1g/ton.
PAIM ************************************** The XYZ Operation Gold Finger located in the Town of Baleno, Island of Masbate, Philippines, shows the following high-grade gold ores.
O GOLD SILVER COPPER REHABILITATE SAMPLE (GPT) (PPM) (PPM) 2006 ---------------------------------------------------------------------- Tunnel 4 IR 0.31 g 1.99 8.59 TBD ---------------------------------------------------------------------- Tunnel 4 2R 0.96 g 7.96 93.84 TBD ---------------------------------------------------------------------- Tunnel 4 7R 0.57 g 4.71 9.24 TBD ---------------------------------------------------------------------- Tunnel 3 2R 94.20 g 608.28 103.09 YES ---------------------------------------------------------------------- Tunnel 3 3R 49.44 g 242.57 25.56 YES ---------------------------------------------------------------------- Tunnel 3 5R 37.36 g 17.46 12.62 YES ---------------------------------------------------------------------- XYZ-GA 3R 8.57 g 17.46 12.62 TBD ---------------------------------------------------------------------- XYZ GA 4R 3.97 g 48.59 27.54 TBD ---------------------------------------------------------------------- XYZ GA 022 5.51 g 12.50 6.45 TBD ---------------------------------------------------------------------- XYZ AG 027 2.10 g 20.51 76.96 TBD ----------------------------------------------------------------------
Tara *********************************************** Apr 6, 2006 -- (Other OTC:TRGD.PK - News) Tara Gold Resources Corp. is pleased to announce that an initial payment of US$62,500 has been made to acquire 100% interest in 4 concessions known as the Lluvia De Oro Gold Property, totaling approximately 589 Hectares. The property is located in the state of Sonora, in northern Mexico. Lluvia de Oro was designed as a large tonnage, low-grade gold operation. The property currently includes one open pit, two heap leach pads and a gold recovery plant. Further payments totalling U.S. 3,937,500 over 4 years are required to complete the purchase.
ADVERTISEMENT Under Great Lakes Minerals Inc. the facility entered into production in May 1996, and was later operated by Santa Cruz Gold Inc. ("Santa Cruz") and finally by Compania Lluvia de Oro S.A. de C.V.
The mine had an anticipated average production rate of 25,000 ounces per/year from an initial reserve of 4.6 million tonnes grading 0.82g Au/t or 121,000 ounces. Exploration drilling delineated an additional higher-grade resource of approximately 4.5 million tonnes grading 0.95g Au/t along the same structure. Tara Gold is developing a plan to enhance current knowledge through a technical review and is reviewing options for re-initiating mining and production.
Mr. Francis Biscan Jr., President of Tara Gold Resources, stated, "Tara is currently focused on acquiring additional near-production properties, increasing cash flow and aggressively expanding existing gold and silver resources. Lluvia de Oro meets all these criteria. We are going to work aggressively towards bringing the Lluvia plant back to production status and expanding the existing resource through exploration. We are considering several options to meet this goal, including partnerships."
About Tara Gold Resources Corp.
Tara Gold Resources Corp. is a precious metals exploration and development company with existing production. It is management's objective to become a significant gold and precious metals producer by increasing our current production at La Currita and developing the San Miguel, La Millionaria, Las Minitas, and Lluvia de Oro projects in Mexico, and by acquiring other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: www.taragoldresources.com Posted by megahead34 on :
I called ST yesterday and asked about my divy. The broker didn't know of anything or even a certificate. Can someone explain what is going on here?
Posted by bobcat88 on :
7, funny you bring up TRGD, I got in it the same time I got in PAIM at .17 and held it till last week then bailed at .28, nice gain but this news should get it going up farther.
Posted by 7 of 9 on :
quote:Originally posted by bobcat88: 7, funny you bring up TRGD, I got in it the same time I got in PAIM at .17 and held it till last week then bailed at .28, nice gain but this news should get it going up farther.
my point is that TRGD has not and will never make any money off of these lousy <1g/ton gold claims. This is why they were able to buy them for nothing.
I see a huge potential for PAIM therefore, at 94g/ton. 94g/ton is so high there must be obvious gold nuggets.
Posted by bobcat88 on :
Understand what you mean, buy a bunch of land with hardly any deposits on it plus it has already been mined. PAIM is basically going to California 150 years ago and going to reinvent the gold rush.
Posted by ruthie on :
Anyone talked with scottrade about when the divy's will show up??
Posted by cottonjim on :
ST says the certs. will be mailed after they receive them. Probably a few weeks yet.
Posted by jermarksey on :
Thank you for using E*Trade Financial Services. Regarding your inquiry on PEARL ASIAN MINING INDUST, I checked your account activities and saw nothing pertaining to the stock dividend. Then, I did some research and found the following information on Business Wire 3/20/2006:
"The One Thousand (1,000) Preferred Shares Dividend for every one common share of Pearl Asian Mining Industries Inc. (PAIM) held by record shareholders on March 17, 2006, will be paid out on March 31, 2006. Therefore, it is advisable that all the shareholders that bought shares in the open market to notify their stock brokerage firms to request for (1) Actual Certificate of the Dividend, (2) Include the Name of the Beneficiary and (3) Delivery To Shareholders Address on March 31, 2006.
The reason for this extraordinary action requested 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. "
You can find this article by googling "dividend PAIM" on the internet.
In addition, according to our Corporate Actions Department, there is supposed to be a spin-off but no payable date has been set yet. -------------------------------------------------this is what e trade had to say
Posted by dkinvest on :
MarketWatch Gold futures tap $600 an ounce; silver tops $12 Thursday April 6, 10:30 am ET By Myra P. Saefong Metals rally to fresh multiyear highs; copper at a record
SAN FRANCISCO (MarketWatch) -- Gold futures tapped $600 an ounce Thursday morning for the first time since January 1981, pulling other metals to multiyear pinnacles and delivering copper to a new all-time high. ADVERTISEMENT
"Gold is exploding, and silver isn't far behind," said Kevin Kerr, trader and editor of Global Resources Trader, a newsletter service by MarketWatch, the publisher of this report.
Gold for June delivery rose to $600 an ounce in regular trading on the New York Mercantile Exchange, having hit a high of $601.90 overnight. The contract was last traded at $597, up $5.30.
May silver also traded at a new 22-year high of $12.01 an ounce, after peaking at $12.08 overnight. The contract was last up 22.5 cents at $11.93.
"Key resistance was broken overnight and, as we have been building support and healthy consolidation over the last week or so, now we have a firm base to move higher," said Kerr, who noted that Thursday's early rally has come without any real news to drive it.
But Jon Nadler, an investment products analyst at bullion dealers Kitco.com said he thinks it is "reasonable to conclude that [Secretary of State Condoleezza] Rice's call for sanctions on Iran and the car bombing in Iraq are weighing on trader's minds."
Analysts at Action Economics said metals are finding strong support from continued buying by funds, seeking out asset classes with a potential for strong returns.
"The latest bout of [U.S. dollar] weakness has been a factor, though the euro price of gold also rallied today," the Action Economics analysts said.
Now that gold has hit the psychologically key $600-an-ounce level, some nearer-horizon funds may take the opportunity to lock in profits, they said.
"Going forward, inflationary concerns will only gain steam, the U.S. dollar will continue its downward decline and geopolitical tensions will continue to draw safe-haven buying from around the globe," said Emanuel Balarie, senior market strategist at Wisdom Financial.
Caution ahead On the other hand, the break through $600 may also trigger a range of stops and key hedge-fund buy levels, said Kerr. "Trading in the pits will be volatile today, to say the least, as traders and fund managers scramble for cover, at least those who are short," he said. "Those who are long will be scrambling to buy whatever they can to add to their winning positions."
After the $600-$625 level, "there may be a consolidation, perhaps back to $575," warned Peter Spina, an analyst at GoldSeek.com.
Then from here, "it is $650-700, ultimately," he said, with $690-700 possibly the next upside target. "Then it's onwards to over $800 ($825-875)."
Silver's strength Meanwhile, silver has rallied sharply in recent weeks as excitement has built about the pending launch of a silver exchange-traded fund that's expected to boost physical demand for the metal. See Mutual Funds/ETFs section. Silver may see a correction that brings "$10 back, but then we look for $15 followed by $20-25, which is likely a year or so off," said Spina.
Gains in the precious metals, as well as expectations for stronger demand against a backdrop of economic strength worldwide, lifted copper futures to another record Thursday.
May copper was last up 2.5 cents to $2.621 a pound, after changing hands at a new record of $2.626 in official trade and $2.64 a pound in electronic trade.
July platinum rose $14.40 to $1,095 an ounce. June palladium was up $14.85 at $357.50 an ounce after a $361.75 high, a level the futures market hasn't seen since mid-2002.
On the supply side, inventories of copper were down 194 short tons as of late Wednesday, according to Nymex data. See data on basic-materials sector.
Supplies of gold were unchanged at 7.57 million troy ounces, and silver supplies were unchanged at 125 million troy ounces.
Amex Gold Bugs Index hits a record Meanwhile, indexes tracking stocks in the metals-mining sector moved higher Thursday, on track to mark a fourth straight winning session. The Amex Gold Bugs Index rose to an all-time high of 354.32. It was last up 1.5% to trade at 353.25.
"The move on the HUI today above 350 is significant as it portends the move in gold to and past $600," said Spina.
"The key for today is to close above 350 on the HUI and all indications are that it will accomplish this unless we have a significant pullback in the gold price," he said.
Other benchmarks traded at their highest levels in at least two months. The Philadelphia Gold and Silver Index climbed to 148.4, trading up 1%, and the CBOE Gold Index (CBOE:^GOX - News) added 1.1% to stand at 149.2.
Posted by 7 of 9 on :
let me point out that at $600 gold is almost $10,000 a pound.
contrast this with copper which is right now about $2 a pound
you heard that right
as a mineral gold is not more rare than many other elements, though it is a rare earth element.
so the question remains, who has gold? for every 3 ounces sold, only 2 are mined right now. gold is hard to find in the ground.
Posted by tyleemary on :
If you want a real gold ming co., check out Desert Sun Mining. DSM.TO
It was .87 a year ago. It is now 7.60 I blew it off when it was under a buck, and now Yamana has bought it and it went up more.
So maybe PAIM can go up alittle in that fashion, hopefully.
Posted by buzzygresham on :
what makes this thing go up after close everyday? and why doesnt it do this during the day?
Posted by 7 of 9 on :
quote:Originally posted by tyleemary: If you want a real gold ming co., check out Desert Sun Mining. DSM.TO
It was .87 a year ago. It is now 7.60 I blew it off when it was under a buck, and now Yamana has bought it and it went up more.
So maybe PAIM can go up alittle in that fashion, hopefully.
did these guys ever mine any gold for profit?
Posted by madmoney on :
quote:Originally posted by 7 of 9:
quote:Originally posted by tyleemary: If you want a real gold ming co., check out Desert Sun Mining. DSM.TO
It was .87 a year ago. It is now 7.60 I blew it off when it was under a buck, and now Yamana has bought it and it went up more.
So maybe PAIM can go up alittle in that fashion, hopefully.
did these guys ever mine any gold for profit?
i cant find any info on desert sun mining, where should i look?
Posted by megahead34 on :
Just got a confirmation from Scottrader. Preferred shared Certificates will be sent out to PAIM holders. He said this process can take weeks.
Posted by 7 of 9 on :
PAIM is 1/3 right now
;)
Posted by bobcat88 on :
I noticed that, hope it holds in the AM, dont know why I care, not selling out for a long time!
Posted by Intimatrader on :
AS I SEE IT ....Gold & silver are going UP UP UP !
Paim is not a wealthy company at this time . It may be small and need to grow . If it were not ...then buyiing in at such a low price would have been imposible . What do you think happens when a small but well thought out mining company pulls gold out of the ground . They identify the area and pursue more gold { which means silver , platinum and other precious metals } .They process it and finance further operations to find , excavate & process even greater amounts of precious metals . AND ...one thing the philipines has ...besides poverty , a questionable government and a previously near dorment mining industry is ...." PLENTY " of precious metals & trace elements in the ground . Thus making this small mining company ...a substantialy good investment . Posted by Intimatrader on :
I SEE IT LIKE THIS .........Gold & silver are going UP !
Paim is not a wealthy company at this time . It may be small and need to grow . If it were not ...then buying in at such a low price would have been imposible . What do you think happens when a small but well thought out mining company pulls gold out of the ground . They identify the area and pursue more gold { which means silver , platinum and other precious metals } .They process it and finance further operations to find , excavate & process even greater amounts of precious metals . AND ...one thing the philipines has ...besides poverty , a questionable government and a previously near dorment mining industry is ...." PLENTY " of precious metals & trace elements in the ground . Thus making this small mining company ...a substantialy good investment . Posted by SuperSniper00 on :
Anyone get the preferred shares yet?
Posted by jermarksey on :
i have a question if i buy more shares now at.0001 will they still be the same as the old shares minus the divy of course
Posted by tyleemary on :
quote:Originally posted by madmoney:
quote:Originally posted by 7 of 9:
quote:Originally posted by tyleemary: If you want a real gold ming co., check out Desert Sun Mining. DSM.TO
It was .87 a year ago. It is now 7.60 I blew it off when it was under a buck, and now Yamana has bought it and it went up more.
So maybe PAIM can go up alittle in that fashion, hopefully.
did these guys ever mine any gold for profit?
i cant find any info on desert sun mining, where should i look?
http://finance.yahoo.com/q/bc?s=DSM.TO&t=2y
I can't remember how I came across them, I think I was randomly looking at all gold type stocks and just followed it.
Posted by tyleemary on :
I remember having 5K I wanted to take a chance with. I was going to buy 5000 shares of this and my wife ragged too much, so I blew it off. I wasted no time showing the stock over the past year and how it would be worth 35k now.
Posted by dreamer_rick on :
Hey guys any one got the dividends of their prefferd stocks ? and If you did , could you tell me the name of the transfer agent that is supposed to be handling this issue ....My broker asked to provide him with this information .....
Posted by fishfarmer on :
DIG IT!!!!
Posted by DIGDOUGH on :
Ya whats up?
quote:Originally posted by fishfarmer: DIG IT!!!!
Posted by DIGDOUGH on :
Old news, but I thought it worth repeating.
quote:Originally posted by DIGDOUGH: I heard they're going to give a dividend again. All the lumpias you can eat. Wooohoooo.
Posted by MoneyMoneyMoney on :
quote:Originally posted by SuperSniper00: Anyone get the preferred shares yet?
I kept 2 mill free shares and I have not yet received my free preferred shares. I'm excited to say I have billions of shares no matter what their worth.
Gl to all in your trading styles.
Posted by TickTrader on :
See cottonjim's post on the page 50 (article on foriegn mining companies). Local companies were not listed.
Press Release Source: Pearl Asian Mining Industries Inc.
Pearl Asian Mining Industries to Capitalize on the Fiscal Incentives Offered by the Philippines Government for Masbate XYZ Gold Mine-Site & Cebu Gold Refinery Monday April 10, 6:00 am ET
MANILA, Philippines--(BUSINESS WIRE)--April 10, 2006--Pearl Asian Mining Industries (OTC:PAIM - News): Utilizing These Incentives Will Allow Pearl Asian Mining to Import Capital Goods and Equipment Duty and Tax-Free, Which Translates to a Reduction in Capital Investment Ranging from 15-22%, Thus Improving Profitability Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) announced today that it has filed applications for fiscal incentives from a Philippines government agency. The Philippines Board of Investments (BOI) has formally advised Pearl Asian, based on the initial review of applications and documents submitted, that the company may qualify for BOI registration for its XYZ Gold Mine Site in Masbate Island. The application also applies to our gold processing facility in Cebu Island. This should entitle Pearl Asian to fiscal incentives under the 2005 Investments Priorities Plan, under mining and processing of minerals. These incentives include an income tax holiday for 6 years, which may be extended to 7 years. The importation of supplies and equipment duty and tax-free; exempt from wharfage dues and export taxes; tax credits on raw materials and supplies; and additional deductions from taxable income, among others. The immediate noticeable benefit for Pearl Asian of these incentives is the duty and tax-free importation of goods, which would translate to a reduction in capital investment/initial expenses ranging from 15-22%, thus improving profitability.
These applications grant Pioneer Status to companies that locate in under-developed areas, like Masbate Island, and those that utilizes new technologies such as the state-of-the-art precious metal refining plant to be set up on Pearl Asian's industrial lot in Mandaue City, Cebu. Pearl Asian shall comply with all necessary requirements for the registration, and has already published its first notice in the Philippine Star, on April 9, 2006 as an additional required step.
"Pearl Asian Mining Industries is closely coordinating with the BOI to secure registration for Pioneer Status within the month of April, 2006," says Anthony Val Gary Gotanco, Vice-President/Business Development and Head of the Chemical-Metallurgical Lab. He adds, "All of our activities are being planned and executed to ensure that funds are efficiently utilized. Especially, that we shall soon be importing a number of equipment to be used for the mine-site and the gold refinery. We shall ensure that profitability is maximized, as a result." Prior to joining the company Mr. Gotanco had more than 8 years' experience dealing with government agencies involved in granting of incentives, tariff protection, and release of imported goods.
In a related development, the permits and licenses for the construction of the gold refinery in Mandaue City, Cebu are already in processed. "We are targeting start of construction of the gold refinery and laboratory complex in June, 2006," exclaimed Mr. Gotanco.
FORWARD STATEMENTS
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Pearl Asian Mining Industries Inc. Gary Gotanco, +63-2-490. 0140 (Philippines) e-mail: IR*PearlAsianMining.com www.PearlAsianMining.com
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries Inc.
Posted by Bigrod40 on :
Government Tax Cuts + Gold near $600 = Money for PAIM
Posted by Max Shrap on :
Anybody have their divi shares yet?
Posted by pay up on :
quote:Originally posted by 7 of 9: let me point out that at $600 gold is almost $10,000 a pound.
contrast this with copper which is right now about $2 a pound
you heard that right
as a mineral gold is not more rare than many other elements, though it is a rare earth element.
so the question remains, who has gold? for every 3 ounces sold, only 2 are mined right now. gold is hard to find in the ground.
14 troy ounce in a pound, not 16 ounces. so $8,400.
Posted by daytr8er on :
so when do we receive the divy shares? PAIM
Posted by megahead34 on :
Process can take weeks based on what ST told me.
Posted by Intimatrader on :
Their coming .....Don't worry ....all is good ...just a little time is all ....the dividends are on their way . Posted by 7 of 9 on :
we need a symbol or symbols if these divies are to trade
the divies imo will convert into a series of warrants so we need a separate symbol for each symbol type
div holders will need to fill out a form to choose which mixture of warrants you want your divy shares to convert into
this is how it must play out in order for divy holders to profit, imo
we must have symbols to trade
paim has said these warrants will not be restricted
Posted by Bigrod40 on :
Here you go. if you have doubts or questions email.....simple as that!!!!!
EMAIL FROM PEARL
wrote her this morning and she returned my email a few minutes ago......
Dear Oscar,
Thank you for your trust and faith in PAIM.
We are hoping that by the end of the week or latest next week to see a symbol for the preferred shares. We believe that the preferred shares will begin hitting the PAIM Shareholders accounts within the same time frame.
Maranatha
sincerely i remain,
pearl
if anyone has doubts as to the email....email me at odiaz28*hotmail.com and i will forward the mail to you.good luck to all.
Posted by 7 of 9 on :
NEW YORK (MarketWatch) -- Gold may post further strong gains in the next two years -- and even surpass the 1980 high of $850 an ounce -- as the U.S. economy slows and the dollar loses ground. That's the key finding of the GFMS Gold Survey 2006 published Wednesday. "Levels safely over $600 are now in our sights and further hefty gains over the next year or two are quite possible -- in the right circumstances, the 1980 high of $850 could even be taken out," said Philip Klapwijk, chairman of the independent precious metals research consultancy. Gold will continue to find support from inflationary pressures and political tensions in the Middle East, retaining its role as a safe-haven investment. But the metal's gains of the past year have also made it an attractive investment target for institutional investors, seeking bigger returns than are available on stocks and bonds. GFMS believes this phenomenon is still at its early stages but would not be surprised to see longer-term investors like pension funds enter the commodities market, propelling gold prices even higher. "You're playing with fire if you ignore the weight of money argument, looking ahead into 2006," said Klapwijk. "We'd only need to see a tiny slice of mainstream assets diverted into gold, which comparatively is a pretty small market, and the price could really take off." One factor that could weigh against the price is declining demand. The survey found that in 2005, jewelry demand rose by almost 100 tonnes, with most of that strength coming in the first half when the price was still in the low $400s and Asian gross domestic product growth robust. Demand weakened sharply in the fourth quarter, notably in countries like India - a big gold consumer - as the rally took off and prices became more volatile. "From what we've heard for the first few months of this year, we could see jeweler demand slumping back almost 500 tonnes for the full year," said Klapwijk. "That'd leave jewelry offtake some 400 tonnes below mine production. That's just not sustainable in the long term". Mine production rose 2% in 2005 to more than 2,500 tonnes, the survey found, mostly due to a recovery at the giant Grasberg mine in Indonesia following landslides in 2003, and record output at Peru's Yanacocha mine. There was further support from production at new mines, which are expected to again boost output in 2006.
Posted by jellybean on :
Received some shares today in my account. Symbol PAIMDZ. I received 1 share for each share own. I tought we were to receive 1000shares for each share own??? Will call broker tomorrow.
Posted by 7 of 9 on :
perhaps they intend to forward split PAIMDZ?
other than huge losses, DDSI never gave me a thing
Posted by MoneyMoneyMoney on :
quote:Originally posted by 7 of 9: perhaps they intend to forward split PAIMDZ?
other than huge losses, DDSI never gave me a thing
I would have to say that PAIM has cost me more money than DDSI ever will. Watch and see.
Posted by BuyTex on :
quote:Originally posted by jellybean: Received some shares today in my account. Symbol PAIMDZ. I received 1 share for each share own. I tought we were to receive 1000shares for each share own??? Will call broker tomorrow.
Interesting...
D designation: A new issue of an existing stock. (Often the result of a reverse split.)
Z designation: Miscellaneous situations such as a second class of warrants, a fifth class of preferred stock, a stub, a foreign preferred when-issued, or any unit, receipt, or certificate representing a limited partnership interest.
I read on i-hub that scottie is handling manually, as they got a cert for all their clients, which will take 6-8 more weeks to get individual clients' certs...
lol, I hope you intended a comma in there Posted by WMRP on :
Came in this morning with a nice surprise. Received my preferred shares in my account. Shows the cusip # but no new symbol.
Posted by NEL on :
Same thing in mine but no name or pps. I guess we'll find out soon enough.
Posted by megahead34 on :
I don't see anything in Scottrader.
Posted by bobcat88 on :
My Scottrade hasn't shown them either, soon I suspect.
Posted by megahead34 on :
Last time i spoke with a broker, he said this process can take weeks. This was maybe 10 days ago.
Posted by DIGDOUGH on :
Which shares are better to have? The common PAIM or the divy preferred ones you think?
Posted by dkinvest on :
quote:Originally posted by DIGDOUGH: Which shares are better to have? The common PAIM or the divy preferred ones you think?
They're both Sh*tburgers Posted by jellybean on :
Preferred are better. Common is also good--might pay a dividend . Price of gold will continue to increase with the increase of oil. Preferred stock will be able to cash in after 5 years with GREAT PROFITS. THe common stock is prime for another run to .001 in the short term.
Posted by BuyTex on :
j-bean: don't follow...why are preferred better?
Posted by Bigrod40 on :
Pearl Asian Mining Industries Contracts ********** For Short Sale Data To Be Used In A Squeeze Trigger Report Designed To Combat Naked Short Selling In PAIM Tuesday April 18, 6:00 am ET
MANILA, Philippines--(BUSINESS WIRE)--April 18, 2006--Pearl Asian Mining Industries, Inc. (OTC Symbol: PAIM - News) announced today that it hired and signed a contractual agreement with **********. The service will be used for 3 months starting on April 18, 2006 and ends on July 18, 2006. ADVERTISEMENT
********** is a research service designed to combat short selling and naked short selling in US stocks. ********** is to provide unique research to give insight into short selling in PAIM stock. The ********** Squeeze Trigger Report has general information about the short activity in Pearl Asian Mining Industries, Inc. shares from every US stock market dating back to January 1, 2005. The Squeeze Trigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTC BB and OTC Pink Sheet Market quoted stocks. The **********'s proprietary "Squeeze Trigger Report" alerts shareholders and prospective shareholders to the exact price that a short squeeze can start in any US stock. This not only serves as a method to combat existing naked short sellers but also as a deterrent to future short selling in the shares of a stock. Each month for 3 months, ********** will issue a Squeeze Trigger Report alerting Wall Street as to the approximate short selling activity in PAIM shares and the exact price at which a short squeeze is expected to begin. This Report will be provided to all PAIM investors / shareholders and institutions free of charge.
Pearl Asian Mining Industries, Inc. will have access to the price and approximate volume of short sale transactions in its stock from every stock market venue in the U.S. ********** has a proprietary algorithm that calculates the exact price that all the shorts will start losing money in their trades. Once PAIM's shareholders, prospective shareholders, and Wall Street know this number, a virtual battlefield of BULLS vs. BEARS will be staged and BULLS will know for the first time in history, the exact time to strike against the BEARS.
The information contained herein is not guaranteed by ********** to be accurate, and should not be considered to be all-inclusive. Pearl Asian will pay a $2,985.00 data fee ($995 per month for 3 months) information provided in this report. The data service can be cancelled at any time.
FORWARD-LOOKING STATEMENTS
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Pearl Asian Mining Industries Inc. PHILIPPINES Investor Relations Engr. Gary Gotanco, MBA, 011-63-2-490-0140 or USA Investor Relations Richard C. Miller, 770-336-5779 or IR*PearlAsianMining.com www.PearlAsianMining.com FAX: 877-317-4430 (USA)
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries Inc.
Posted by android_xxx on :
Can you tell me please what does it means for us?
Posted by DIGDOUGH on :
I don't know . I didn't think they could afford stuff like that.
Posted by Max Shrap on :
Looks like a desperate attempt to pump this thing. With a 30 billion O/S and no gold/revenue 'til the end of the year, this is a "radar" stock at the moment, at best. That being said, you never can predict what PR will send a sub penny on a small run.
Posted by 7 of 9 on :
Shorts cannot be fought in this way.
Dig, Pearl, dig.
Show me the gold!
Posted by BuyTex on :
Such embroidery! Ya gotta love that "first time in history" "virtual battlefield" touch. One doubts young Master Miller so capable...
Posted by Dustoff101 on :
Hey! Why didn't they mention the Firewall renewal for they're re-built 95 Gateway ??
Wonder what that would cost? 10 bucks a year..LMAO
Got shovel?
Posted by 7 of 9 on :
Preferred shares have been received in my account.
100,000,000,000 PEARL ASIAN MINING IND INC PFD CONTRA DO NOT SELL
Thats a lot of shares.
I have Ameritrade, and that many shares is causing my acct. to smoke.
Some day Ill sell them all * 0.0001 and retire.
Posted by daytr8er on :
Same here 7 all my pref shares are in my acc now. What do u think will happen next? PAIM
Posted by 7 of 9 on :
Theres more.
On my Ameritrade web page, it shows 100B shares PEARL ASIAN MINING IND INC PFD CONTRA DO NOT SELL.
But on my real time command center, it cannot display that many shares. It shows 2.147B shares, which I think is 2^31 for you math heads.
I luv pinky gold mines that actually have gold.
Posted by WMRP on :
Do you think the preferred will be tradeable and get it's own symbol or do you have to trade them in if you want the common share conversion?
Posted by jellybean on :
GOLD at 617 up 3. I put a order in to buy 20 million more shares of PAIM.
Posted by amswap on :
PAIM - Now a subpenny stock. Who would have guessed RA would allow this to happen. Maybe he is allowing the price to continue to drop so he can load up before his next BS PR.
Posted by megahead34 on :
With Gold/Silver reaching all time highs, more money for PAIM!! Posted by dkinvest on :
quote:Originally posted by jellybean: GOLD at 617 up 3. I put a order in to buy 20 million more shares of PAIM.
FOOL.
Posted by jellybean on :
dkinvest---you are the FOOL!!! Go bash someplace else. What stock do you own? Are you here only to bash. GOLD GOLD GOLD reached a new high today!!!! PAIM will reach a new 52 week high soon!!!!!!!!!!
Posted by DZWulf on :
Any News on when scottrade people will get their preferred shares? I know Ameritrade and Etrade have them. Thanks in advance!
Wulf
Posted by megahead34 on :
Wulf, last time i spoke to ST was about 2 weeks ago, he said this process takes weeks. Supposedly ST does everything manually and really slow...haha.
Posted by Intimatrader on :
I fully agree with all those holding PAIM shares . After reading all the post ....I see people descussing and providing thought into the pro's and cons of many stocks . But the bashers seem to contribute neither proffessional attitude or willingness to except factual information on PAIM . Todays PR clearly shows once again ....that PAIM is fully prepared to show consistant protection and backing of it's share holders as the share holders back PAIM . It's easy to read the blue print PAIM is designing for itself and it's share holders .Buy in at this level and help finance the beginning excavations to then process and distribute ....And these share holders will be among the most heavily rewarded as operations procceed to establish an increasing revenue stream . This is a clear and remarkable find for us ....I am very pleased and proud to be among PAIM share holders . Posted by DIGDOUGH on :
I'm still waiting for my measily 8,000,000,000 share dividend. Any time now i guess. Scotturd seems to run behind on that stuff. Are we supposed to request certs for that. I think it's what Pearl recommended isn't it?
Posted by amswap on :
Call it ignorance or whatever you choose, but can someone explain how this stock can trade below .0001 when that is the lowest we can go?
Posted by TickTrader on :
quote:Originally posted by amswap: Call it ignorance or whatever you choose, but can someone explain how this stock can trade below .0001 when that is the lowest we can go?
MMs can.
Posted by jellybean on :
GOLD at 638 up 15!!!! PAIM is going to ROCK AND ROLL VERY SOON!!!!!!!!!
Posted by 7 of 9 on :
Preferred Divy Shares
I have 100B preferred shares
Could someone email that richard guy and tell him to get us a symbol for the divy shares? PAIM always said these shares would be tradable.
Richard did say he was going to the Phillippines this month. He might be gone.
Posted by Intimatrader on :
Tradable at .0001 or above . That is when they will be tradable . Just relax ...The shear number of dividend shares is good .So realize we need to sit on them for a while .No big deal .....It has always been planed to let them now have time to start operations ......So let's allow them some breathing room . Posted by jules on :
I bought 500k shares of PAIM and now recieved only 500k shares of the prefered shares. Wasnt it supposed to be 1000 pf for every PAIM share?
And how do I convert them to PAIM common shares...do i just call my broker?
thanks
Posted by RockLobster on :
After a couple years, you'll eventually have to call your broker to get that **** taken off your account so you don't have to look at it everytime you bring up your portfolio. I still have like 3 dividends from CMKX.
Posted by dkinvest on :
quote:Originally posted by jellybean: Short squeeze is on. Got another 10 million this morning. 310million long. Not long before there is gold in my pocket.
Anyone who has $30,000.00+ tied up in this POS is a "STUPID-ASS-FOOL" in my view.
Posted by madmoney on :
this will R/S before they mine single ounce of gold! IMHO, FWIW
Posted by jellybean on :
dkinvest---What stock do you own? If you don"t own PAIM go someplace else and bash. PAIM will go up with the price of gold!!!! Gold hit a new 25 year high TODAY!!!! Just set back and watch PAIM Shareholders get rich!!!!! You will be sorry that you don"t own any preferred shares. How much is 300billion times .0001?
Posted by Peaches1 on :
Hi I am new to the stock market, and I do have PAIM. When I saw that I had more then 2 million shares added to my account I was happy. So I called edtrade to find out when and how much they thought. This is what he said to me, it could take up to a year before you could trade and I asked him how low could it go and he said up to 4 zero's .00001. I was hoping that it would at least stay at the .0001. Does anyone know if it will be a year.
Posted by 7 of 9 on :
quote:Originally posted by Peaches1: Hi I am new to the stock market, and I do have PAIM. When I saw that I had more then 2 million shares added to my account I was happy. So I called edtrade to find out when and how much they thought. This is what he said to me, it could take up to a year before you could trade and I asked him how low could it go and he said up to 4 zero's .00001. I was hoping that it would at least stay at the .0001. Does anyone know if it will be a year.
if it trades at .00001 my divy shares are worth 1 million. who knows.
so let's trade.
Posted by Peaches1 on :
I which we could trade, I would be very happy with .0001, but I was hoping I guess it would not be a year before we could trade. Oh well, I have to hang in there like everyone else.
Posted by TickTrader on :
The preferred shares will become tradable when you see a symbol assigned to it. Based on my info, they are not restricted. Your broker should automatically handle this. Yes, some brokers have to be 'splained' to, and some brokers take their sweet bippy time about making changes. Brokers don't determine the timing of these things. Once someone is trading on these - and you cannot - that is the time to motivate your broker.
4 zeroes = .0000
There is no fifth digit for 'un-MMs' to trade on. .0001 is the lowest your limit order can be traded. If you sell at market, not limit, you could be filled at a lower price. I have seen out to 8 digits, but 6 is the norm, i.e. .000025.
Hope this helps.
Posted by RWGATORBLUE on :
Actually the preferred PAIM is worth .00000001 right now. That's .01 per million shares. 7 of 9 you have 100B. Good googa mooga! That's $100 whole bucks! Can I borrow a couple of bucks because I only have 500M shares. I have ETrade and they put them in my account last week. I started that other thread because I looked there 7 pages and couldn't find this PAIM thread. I thought it might have been deleted.
7 of 9, is your name from the Star Trek Borg woman? I'd forgotten about her.
Posted by kilikili on :
quote:Originally posted by DIGDOUGH: I'm still waiting for my measily 8,000,000,000 share dividend. Any time now i guess. Scotturd seems to run behind on that stuff. Are we supposed to request certs for that. I think it's what Pearl recommended isn't it?
Scottrade here. I'm still waiting myself.
Posted by Intimatrader on :
Yo DKINVEST ....You seem a bit amature and a tad bit upset there . Are you getting pissed that most people here are very pleased to own PAIM shares ? You have not laid out any information or facts for us to agree with your bashing . PAIM has not back off from anything they have said since I have been watching them . They have not failed or misrepresented themselves in any way . They put out information for us to clearly understand what is going on . Which is..... that they now need the time to build up the processing facilities and begin assembling the first shift labor force to begin operations to excavate . It's pretty simple to understand .Why you don't clear the cow webs off your brain and get on board with a few million shares while it is still .0001 . I'd rather see you make money and secure your retirement ..than to turn yourself into a depressed sounding basher with no logical thoughts to share with us .I study stocks constantly and each time I study PAIM further ......I get the same answer .....This is a remarkable stock to purchase at such a low price . We are very lucky people . Posted by Peaches1 on :
I never asked for my shares they just showed up and I have etrade.
Posted by Peaches1 on :
Intimatrader what other stocks to you recommend or how do you feel about the following. ETGMF GWGO HTRE LBTN RSHN UNCN USXP
Posted by SuperSniper00 on :
PAIM is diluting and printing more shares.
PAIM's CEO is a known con artist. Elvira Gamboa.
PAIM is a piece of crap. Don't waste your money here. The only shot you had was around the exdate and the stock fizzled. No reason to own it now.
Posted by TickTrader on :
quote:Originally posted by RWGATORBLUE: Actually the preferred PAIM is worth .00000001 right now...
And that, in a nutshell, is the glory of the stock market - any exchange - major, pinks or otcbb.
When was the last time anyone traded anything, anywhere, at a fair value? Not me.
One man's trash is another man's treasure.
Posted by Bigrod40 on :
From IHUB, read and believe what you want!!
PEARL EMAILED ME, THIS SHOULD ANSWER ALL QUESTIONS, AND SKINNY WHAT YOU WROTE PEARL AND RICK SHOWS YOUR MATURITY, SHAME ON YOU!!!
Dear Oscar,
I am very pleased that you stay as faithful to PAIM!! Just to let you know that your friend (Fogg of War -?) or Gary Fogg is enjoying his trip and visit with the Pearl Asian (PAIM) Family. He is being wined and dined by the President/CEO, VP/ Gary Gotanco and the rest of the Gold Team of PAIM.. He will be enjoying the fun of going to the rough gold mountains of Masbate- XYZ GOLD MINE SITE..It will not be fun walk or hike..but he will be able to see right in his very eyes how gold is harvested after being "fired up", as I have asked my team to show to Mr. Fogg and company, a small scale miner operation in the area; He will see how the people, whose livelihood is gold mining, are processing the ores in the most old fashion way..I also asked them to feed him with the BEST CRABS, FISHES, OYSTERS, FRESH COCONUT AND DRINK SAN MIGUEL BEER in the area. He will be staying in one of the few beach resorts called BITUON RESORT.
His next trip is to go to CEBU to see the Mandaue Lot.. where PAIM will build its Gold Refinery and Chemical/Metallurgical Assay Lab..He will stay at the Plantation Bay in Cebu..
And his last trip is to visit 2 of the 8 Chieftains (DATUs) of the Ancestral Domain Land Leaders.. to show the OPOL Gold Claim in Cagayan De Oro, Misamis Oriental. The tribes name is Higaonon Indigenous Tribe.- (check google).. I asked my team to bring him to the river so he can at least enjoy and experience the panning of gold that is carried from the river that flows from the top of the mountains..
OH YES , I expect our friend Mr. Fogg to have a real Nirvana Experience in my country..he may not come back..expected to leave May 9th..might marry a filipina ??? ( just a joke).. and for him to see in his own eyes THAT:
Pearl Asian (PAIM) IS NOT A SCAM..PAIM might be a pinkie..BUT SOLID AS GOLD...PAIM posts all its reports 15c211, annual reports, material reports, prs, and all other necessary information in the Pinksheets.com. PAIM has all the proofs that Pearl Asian is a valid owner of the 21 acres of land in Hawaii. Not just a volcanic land..but will soon be developed into an ECO-VILLAGE RESORT...It is a public record.. Check Honolulu Recorders Office.. All the claims about the GOLD ARE PROVEN, AND REAL.. PAIM is currently waiting for the ASSAY Results so our Mechanical Engineers can start building the BALL MILL AND THE MACHINERIES customized just for the kinds of ores the Philippines has..
B.C., Canada.. Knelson Company is willing to build the equipment for the kinds of ores we have in Vancouver Island. Jim Laird of PAIM is a very credible explorer is in charge of the "Operation Treasure Island"- Canada.. I look forward to start doing more work on that as soon as the Philippines mines are all in operation and production.. I estimate to have this to start on the last quarter of 2006. Just remember, Mining takes time, patience, planning. permitting, licensing, etc..and ROME WAS NOT BUILT IN ONE DAY..
I spoke to Tom of **********, He will be sending me an e-mail how to work on the SQUEEZETRIGGER Report.. I paid the full $995.00 / month so ALL the SHAREHOLDERS will NOT have to PAY any money to see the report..As soon as I get the confirmation from Tom, I will send that in a PR..!! Maybe this coming Monday I will be sending the PR out. cross your fingers!
HOPE YOU AND THE REST OF PAIM SHAREHOLDERS WHO LOVES THIS DAY TRADING HOBBY WILL FINALLY ENJOY THE FRUITS OF ALL YOUR LABOR.. THUS MAY BECOME PROFITABLE..HAPPY TRADING...!!
FURTHERMORE: On the darker side of those who had been Bashing my company and me personally...Just to let you know that, Pearl Asian feel sorry for dydan1967 or SKINNY 1967..(rick was right.. because his spelling was the same, that inlcudes to all his harsh, crude, un-ethical, unprofessional manners of talking and writing in the HUB.
Just to let you know, that I TRIED EVERYTHING TO FORGIVE WHAT HE SAID AND DONE.. TO OFFER "LOVE" INSTEAD OF HATRED..TO OFFER PEACE INSTEAD OF WAR..DEEP IN HIS HEART AND SOUL.. HE HAS ALREADY SHOWN THAT HE WAS MASKED WITH DARKNESS.!!
somehow, i don't know whether he is really losing the BATTLES, that the people who PAYS HIM TO BASH PAIM is pressuring HIM SO MUCH: that everything he had been accusing me and the COMPANY are unfounded.. Perhaps, I just thought maybe HE WAS THE ONE SHORTING THE STOCKS.. NOW THAT HE HAS TO RUN AMOK..AND THREATEN ME AND THE COMPANY.
DOING A REVERSE PSYCHOLOGY.. so all of you will turn against the company and PAIM..sell all your stocks for a mere 0.0001.. so HE CAN COVER ALL HIS SHORTS OF WHAT??
AND FOR YOUR INFORMATION, this is the very last one HE HAD SENT. He did that to Ricks' wife too!!. All I could do is PRAY FOR HIM as HE IS HURTING SO BAD!!..All other records of his profanity and vulgar words...from the time he started sending e-mails THREATENING me have been stored..RICK has placed them in a FOLDER..
your ADVISE is appreciated..
Maranatha!
sincerely,
pearl
Posted by dkinvest on :
Let me ask you something:
What does it tell you about this POS stock when you can't sell it at .0001, which is the bid?
This stock is so flawed and will never amount to nothing, IMO.
Posted by Bigrod40 on :
BK, better yet, Let me ask you a question?? Do you own PAIM, if so why? Especially if you see it as Flawed.
Easy way out if you do own....Sell at Market and look for the "next one"
Posted by dkinvest on :
[QUOTE]Originally posted by Bigrod40: Do you own PAIM, if so why? [/QOTE]
Exactly. Posted by MoneyMoneyMoney on :
All I can say is that the Phillipines aren't rich with many more poor than wealthy.
There has to be reasons for this.
Posted by dkinvest on :
This POS is a PAIM in my ass.
Posted by BuyTex on :
quote:Originally posted by Bigrod40: From IHUB, read and believe what you want!!
PEARL EMAILED ME, THIS SHOULD ANSWER ALL QUESTIONS, AND SKINNY WHAT YOU WROTE PEARL AND RICK SHOWS YOUR MATURITY, SHAME ON YOU!!!
Dear Oscar,
I am very pleased that you stay as faithful to PAIM!! Just to let you know that your friend (Fogg of War -?) or Gary Fogg is enjoying his trip and visit with the Pearl Asian (PAIM) Family. He is being wined and dined by the President/CEO, VP/ Gary Gotanco and the rest of the Gold Team of PAIM.. He will be enjoying the fun of going to the rough gold mountains of Masbate- XYZ GOLD MINE SITE..It will not be fun walk or hike..but he will be able to see right in his very eyes how gold is harvested after being "fired up", as I have asked my team to show to Mr. Fogg and company, a small scale miner operation in the area; He will see how the people, whose livelihood is gold mining, are processing the ores in the most old fashion way..I also asked them to feed him with the BEST CRABS, FISHES, OYSTERS, FRESH COCONUT AND DRINK SAN MIGUEL BEER in the area. He will be staying in one of the few beach resorts called BITUON RESORT.
His next trip is to go to CEBU to see the Mandaue Lot.. where PAIM will build its Gold Refinery and Chemical/Metallurgical Assay Lab..He will stay at the Plantation Bay in Cebu..
And his last trip is to visit 2 of the 8 Chieftains (DATUs) of the Ancestral Domain Land Leaders.. to show the OPOL Gold Claim in Cagayan De Oro, Misamis Oriental. The tribes name is Higaonon Indigenous Tribe.- (check google).. I asked my team to bring him to the river so he can at least enjoy and experience the panning of gold that is carried from the river that flows from the top of the mountains..
OH YES , I expect our friend Mr. Fogg to have a real Nirvana Experience in my country..he may not come back..expected to leave May 9th..might marry a filipina ??? ( just a joke).. and for him to see in his own eyes THAT:
Pearl Asian (PAIM) IS NOT A SCAM..PAIM might be a pinkie..BUT SOLID AS GOLD...PAIM posts all its reports 15c211, annual reports, material reports, prs, and all other necessary information in the Pinksheets.com. PAIM has all the proofs that Pearl Asian is a valid owner of the 21 acres of land in Hawaii. Not just a volcanic land..but will soon be developed into an ECO-VILLAGE RESORT...It is a public record.. Check Honolulu Recorders Office.. All the claims about the GOLD ARE PROVEN, AND REAL.. PAIM is currently waiting for the ASSAY Results so our Mechanical Engineers can start building the BALL MILL AND THE MACHINERIES customized just for the kinds of ores the Philippines has..
B.C., Canada.. Knelson Company is willing to build the equipment for the kinds of ores we have in Vancouver Island. Jim Laird of PAIM is a very credible explorer is in charge of the "Operation Treasure Island"- Canada.. I look forward to start doing more work on that as soon as the Philippines mines are all in operation and production.. I estimate to have this to start on the last quarter of 2006. Just remember, Mining takes time, patience, planning. permitting, licensing, etc..and ROME WAS NOT BUILT IN ONE DAY..
I spoke to Tom of **********, He will be sending me an e-mail how to work on the SQUEEZETRIGGER Report.. I paid the full $995.00 / month so ALL the SHAREHOLDERS will NOT have to PAY any money to see the report..As soon as I get the confirmation from Tom, I will send that in a PR..!! Maybe this coming Monday I will be sending the PR out. cross your fingers!
HOPE YOU AND THE REST OF PAIM SHAREHOLDERS WHO LOVES THIS DAY TRADING HOBBY WILL FINALLY ENJOY THE FRUITS OF ALL YOUR LABOR.. THUS MAY BECOME PROFITABLE..HAPPY TRADING...!!
FURTHERMORE: On the darker side of those who had been Bashing my company and me personally...Just to let you know that, Pearl Asian feel sorry for dydan1967 or SKINNY 1967..(rick was right.. because his spelling was the same, that inlcudes to all his harsh, crude, un-ethical, unprofessional manners of talking and writing in the HUB.
Just to let you know, that I TRIED EVERYTHING TO FORGIVE WHAT HE SAID AND DONE.. TO OFFER "LOVE" INSTEAD OF HATRED..TO OFFER PEACE INSTEAD OF WAR..DEEP IN HIS HEART AND SOUL.. HE HAS ALREADY SHOWN THAT HE WAS MASKED WITH DARKNESS.!!
somehow, i don't know whether he is really losing the BATTLES, that the people who PAYS HIM TO BASH PAIM is pressuring HIM SO MUCH: that everything he had been accusing me and the COMPANY are unfounded.. Perhaps, I just thought maybe HE WAS THE ONE SHORTING THE STOCKS.. NOW THAT HE HAS TO RUN AMOK..AND THREATEN ME AND THE COMPANY.
DOING A REVERSE PSYCHOLOGY.. so all of you will turn against the company and PAIM..sell all your stocks for a mere 0.0001.. so HE CAN COVER ALL HIS SHORTS OF WHAT??
AND FOR YOUR INFORMATION, this is the very last one HE HAD SENT. He did that to Ricks' wife too!!. All I could do is PRAY FOR HIM as HE IS HURTING SO BAD!!..All other records of his profanity and vulgar words...from the time he started sending e-mails THREATENING me have been stored..RICK has placed them in a FOLDER..
PAIM Basher is in the HOUSE!!!!!!!!!!
Posted by dkinvest on :
LOL
Posted by 7 of 9 on :
quote:Originally posted by PAIM Basher: Yo, what's up?
PAIM Basher is in the HOUSE!!!!!!!!!!
Naked shorts are getting more desparate.
Dont you losers understand they want someone else, anyone, to be selling other than they.
But every day its the same 3 mms shorting PAIM.
No one else is selling.
So now they have created new logins for bashing.
I will say tho, that 90% of the "hot" stocks on allstocks are worse than paim.
If you guys are buyings these stocks then you are being wiped out (you can always put in more cash)
Posted by Intimatrader on :
Wow dkinvest ....You have no pateince what so ever . Why are you even in stocks .
PEACHES ..I have studied three on your list .The others I can not give advice on till I study them .But usxp and rshn I own and think as far as a wait they will be higher.. yes . They both have dips and are subject to massive trades to capture near term gains ...But they also both seem to want to move up by legit potential . GWGO is a bit to high for me to buy in at a safe level .But if if it comes down to around .0005 I will pick some up baring any legit bad news . And you might want to take a look at VWKM . The mega profits they could show if contracts are actually being signed is extremely positive against the incredibly low price we see now of .0001 . It's hard to believe the stock still sits at .0001 but looks like dillution { not a bad thing if funds are needed to concrete the contracts } or could be the MM's firghting for cheap shares on a stock they know is about to boom .
PENY FOR YOUR THOUGHTS Posted by 7 of 9 on :
Heres why the shorts are getting more desparate.
Vol yesterday, 85M, all short.
Today, 230M.
They are digging a deeper hole every day.
Pearl is not budging, is not interested in a reverse.
If those mms let paim go, stop shorting, then the price will be .01 in no time.
I see extreme desparation, but all this crap is normal for pinksheets.
Pinkies are pure manipulation and pure risk.
My NASDAQ/NYSE is up guys. I was up like 9% last year. But that boring.
Posted by dkinvest on :
So let me get this straight, the only ones shorting this is the MM's. They are buying at .0001 and covering for less than .0001, lets .00001. So who is buying at .00001. It has to be the MM's because we as the general public cant. SO the MM's are shorting amongst them selves. That is the worst conspiracy theory I have heard and I LOVE conspiracy theories. Just my opionion. TMAN...
Posted by kittykash on :
hi Tman. this bb is messing up today. Can't get PM to you. It was a good one too! lol
Posted by dkinvest on :
Give me an 'S' Give me a 'C' Give me an 'A' Give me an 'M'
What's that spell? SCAM! What? SCAM! Louder! SCAM!
Posted by 7 of 9 on :
quote:Originally posted by tmanfromtexas: So let me get this straight, the only ones shorting this is the MM's. They are buying at .0001 and covering for less than .0001, lets .00001. So who is buying at .00001. It has to be the MM's because we as the general public cant. SO the MM's are shorting amongst them selves. That is the worst conspiracy theory I have heard and I LOVE conspiracy theories. Just my opionion. TMAN...
99% of trades are short sales at .0001.
Its been the same 3 mms shorting since day 1.
Trades at .00001 are market sells and probably mistakes by newbies. They are like 0.1% of trades. Just look at the daily charts.
PAIM is 0/.0001 now. There is no bid. Every other mm has plenty of shares.
If your theory is that PAIM or somebody is selling then make your case. Were listening...
Posted by lostone on :
i've finally sold all my shares.. i was so happy with the loss of just commissions.. the only thing that's annoying is the gazillion div shares.. i wish i could just delete that
Posted by dkinvest on :
quote:Originally posted by lostone: i've finally sold all my shares.. i was so happy with the loss of just commissions.. the only thing that's annoying is the gazillion div shares.. i wish i could just delete that
Good for you buddy - smart decision.
Posted by BuyTex on :
quote:Originally posted by 7 of 9:
quote:Originally posted by tmanfromtexas: So let me get this straight, the only ones shorting this is the MM's. They are buying at .0001 and covering for less than .0001, lets .00001. So who is buying at .00001. It has to be the MM's because we as the general public cant. SO the MM's are shorting amongst them selves. That is the worst conspiracy theory I have heard and I LOVE conspiracy theories. Just my opionion. TMAN...
99% of trades are short sales at .0001.
Its been the same 3 mms shorting since day 1.
Trades at .00001 are market sells and probably mistakes by newbies. They are like 0.1% of trades. Just look at the daily charts.
PAIM is 0/.0001 now. There is no bid. Every other mm has plenty of shares.
If your theory is that PAIM or somebody is selling then make your case. Were listening...
7, lol, give it up...how can a pps of .0001 be shorted?
Posted by MoneyMoneyMoney on :
quote: 7 of 9 "I will say tho, that 90% of the "hot" stocks on allstocks are worse than paim."
lol, I'm sorry but I got to thinking and was wondering while laughing, is that how you calculate your earnings??
Posted by tmanfromtexas on :
No 7, I am trying to say is that when you short a stock from lets say .10 and you ride it down to .0001 then you have made absolutely the most money possible on the short. So why would anyone try and short a stock that is at its rock bottom 1/1000 of a penny? Where are they going to short it to? Absolutely no where is the answer and that is what I was getting at. You and the lady who supposedly runs this company are saying its shorted. the short cant be shorted no more. . Have a nice evening. TMAN...
Posted by tmanfromtexas on :
7 of 9 We're listening?
Posted by bobcat88 on :
It was shorted back when it was .0003 and 4. And PAIM called them on it and issued the divy's. Now those that shorted are going to have to come up with the divy's for those that believe that that are holding real PAIM shares. Shorts are hoping that all the people that were shorted are cutting their losses and moving on and writing off the divy's.
That's the way I see it anyway. Someone who knows better let us in on what has really happened.
Posted by tmanfromtexas on :
Hey Bobcat, I think that if you were a share holder of record at the time of the divy you will receive your divy whether you hold it after that day or not. 7 We are still waiting for your response. Have a great evening everyone. TMAN...
Posted by Frank Richards on :
All this talk about PAIM makes me want to buy Bre-x.
Posted by 7 of 9 on :
quote:Originally posted by Frank Richards: All this talk about PAIM makes me want to buy Bre-x.
Sadly, Bre-X is better than most of these pinkies on allstocks.
Bre-X was a wonderful gold scam of several years ago.
Gives us all hope.
Posted by imakmony2005 on :
7, lol, give it up...how can a pps of .0001 be shorted? funny i was thinking the same thing .00001
Posted by TickTrader on :
It doesn't matter to me if PAIM is shorted, not shorted... whatever. If the MMs created a problem for themselves... well, then that's their problem, not mine.
The MMs listed on the bid of 0 are waiting for handouts - from market sellers. However, there's a lot more going on below that .0001 than what most peeps understand or even need to know. The 'what' is unimportant for long term holders, the 'when' is significant for long term buyers. If you want out at .0001, put your gtc in there and wait. You'll get out.
I stash 20% of all profits in an account which is fondly named 'sock drawer' - holding period of 2-5 years. ATrade is just too expensive for multiple buys. PAIM is now one of those socks, along with GSHF at avg .048, INSQ at avg .0011, CRGO, and 17 others. My last buy on PAIM was routed through NITE with immediate execution, so you guys just keep waiting at 1.
Buying is taking place at 1, not shorting, so hang on.
One 'almost basher' comment from me... I wish PAIM would have put that short report money to better use. This is soooo temporary.
Posted by PCola77 on :
TMan, I think this is the deal, but I may not have it 100% accurate.
MMs short stocks at .0001 and continue to short it so it won't go up over .0001 because they just keep selling at that price. Eventually in order to have any chance of rising above it, the company has to do a reverse split. Say they do a 10-1 split now each .0001 share is "worth" .001, but the price will never really get there, and so the MMs can cover their ".001" shares at, for example .0005. They've made 50% at that point.
I think the point some people are trying to make is that the PAIM CEO is vowing not to do a reverse split, and so eventually the MMs shorting the stock will have to cover, and the price will rise.
Anyway, that's my understanding of the whole thing, but like i said, I may be wrong. Does it make sense though?
quote:Originally posted by tmanfromtexas: No 7, I am trying to say is that when you short a stock from lets say .10 and you ride it down to .0001 then you have made absolutely the most money possible on the short. So why would anyone try and short a stock that is at its rock bottom 1/1000 of a penny? Where are they going to short it to? Absolutely no where is the answer and that is what I was getting at. You and the lady who supposedly runs this company are saying its shorted. the short cant be shorted no more. . Have a nice evening. TMAN...
Posted by BuyTex on :
Conceivably, a stock could be shorted to .0001. But from there, how could they mark it as a short sale? Who would believe--among oversight personnel--that they could buy at lower prices to cover?
Posted by bmwboyee on :
I take it everyone on this board is falling for the "our stock's PPS is because of short selling." get real people. the divy's had been given out. has it done anything to the "shorts"? nope, i sure haven't seen anything but .0001. it is funny that the scams are now screaming "short selling" because it is easy and investors believe it. Why do you invest in ANY company that has an unlimited A/S. does that make ANY sense other than have SCAM written all over it. I know that i will get yelled at because of the post but that is because people have lost so much money in this pig. OPEN YOUR EYEZ. greed fogs peoples site a lot i have seen. maybe i need to start a shell and just dilute it to nothing. can you say .....CMKX then there was QBID now you have PAIM.
GLTA
Posted by 7 of 9 on :
Mms shorting the OTC never borrow shares and they never have any intention to cover. Havent u boys learned anything? Since mms dont borrow shares, its called naked shorting and is supposed to be illegal. I know the SEC doesnt care, they want the otc to go away. So since naked shorting is already illegal they skip on the covering as well. So they end up permanently short billions of shares. Pinkies are crap to them so they dont think they will ever go up. PAIM shorts would like to get off the ask, so they could cover if they wanted to. But they are still on the ask all day, selling 100s of millions of shares. They want the volume to go down but, as gold goes up, so does paim volume. PCola is right about the reverse, the shorts like that, but even then there is no one to force them to cover, so they dont. If the pps is down 99% from where they shorted, who cares? Its never going up. CEOs conspire with mms in this.
Bottom line, shorts just want our money. Thats their business. Trading the "spread" is a very hard way to make money.
Pearl just wants the price to go to say .01 so she can sell some shares to fund the mining.
I dont think anybody would "dump" shares down here at .0001. Anyway, short deny the right to dump shares bcs. they dump first.
I think the number of short shares on the pinksheets is about
243,455,000,000,000
approximately.
Both RSHN and USXP went up bcs. they were shorted, and they are only shells. I made a little cash on both.
Posted by Peaches1 on :
Intimatrader thank you for the information and the tip. Being new at this, I have to wonder how well I did picking the once that I did. Have a great evening.
Posted by 7 of 9 on :
Some of you guys have some good points. But some points are bad.
How bad can PAIM be when i am down, about, 0%.
What exactly have I lost again?
Ive have had many stocks that went down and i have 1 right now down 85%.
Which stock is the scam?
Posted by bmwboyee on :
because you can actually sell the one you are down 85% on. can't say that much for PAIM
Posted by BuyTex on :
quote:Mms shorting the OTC never borrow shares and they never have any intention to cover. Havent u boys learned anything? Since mms dont borrow shares, its called naked shorting and is supposed to be illegal.
I understand the concept. But they still have to record the transaction as a short... lol, i don't care if this lotto play pays off for everybody. I'm asking for explanations of the mechanics of how an MM could short-sell at .0001. That's all--just a question.
Posted by 7 of 9 on :
quote:Originally posted by bmwboyee: because you can actually sell the one you are down 85% on. can't say that much for PAIM
PAIM volume was 230m today.
Anybody could sell, and some did.
You have a lot to learn about the pinkies. It can get a lot worse.
The bid for DDSI has been 1 for weeks. Sniper and me got out at 3 today, maybe we were lucky.
How then is DDSI, down 67%, better than PAIM.
PAIM has zero risk other than commissions. Zero. And many of us have those weird preferred shares.
I got squat all from ddsi. Zip.
Posted by 7 of 9 on :
quote:Originally posted by BuyTex:
quote:Mms shorting the OTC never borrow shares and they never have any intention to cover. Havent u boys learned anything? Since mms dont borrow shares, its called naked shorting and is supposed to be illegal.
I understand the concept. But they still have to record the transaction as a short... lol, i don't care if this lotto play pays off for everybody. I'm asking for explanations of the mechanics of how an MM could short-sell at .0001. That's all--just a question.
The short is recorded. Shorts owe any divies, but are only forced to pay cash divs such as from CBAY. If the stock goes up a lot, they must cover due to huge losses. But if it doesnt go up or reverses, they never cover. How else do you think all these stocks trade at .0001 for years?
Posted by tmanfromtexas on :
7, so what your saying is that the shorts havent covered even though the divi was paid out. and that the shorts arent gonna cover even though they have shorted as far as they can. Doesnt add up to me but thats ok. Good night all TMAN...
Posted by dkinvest on :
quote:Originally posted by bmwboyee: I take it everyone on this board is falling for the "our stock's PPS is because of short selling." get real people. the divy's had been given out. has it done anything to the "shorts"? nope, i sure haven't seen anything but .0001. it is funny that the scams are now screaming "short selling" because it is easy and investors believe it. Why do you invest in ANY company that has an unlimited A/S. does that make ANY sense other than have SCAM written all over it. I know that i will get yelled at because of the post but that is because people have lost so much money in this pig. OPEN YOUR EYEZ. greed fogs peoples site a lot i have seen. maybe i need to start a shell and just dilute it to nothing. can you say .....CMKX then there was QBID now you have PAIM.
GLTA
Great post - It's glad to see someone here has a grip on reality.
Posted by Schwabie on :
AMEN
Posted by PCola77 on :
For the record, I was just explaining the concept of short selling at .0001, I wasn't in any way saying i believe that's what's going on, or that anyone else should buy. I bought $1K worth a while ago at .0001, sold half at .0002, and so worst case scenario for me is if I can never sell at all, I break even. Buying at .0001 isn't somethign I'd recommend others doing until somethng tangible happens, but I'm perfectly content holidng my free shares on the off chance something big does happen.
Good luck to anyone else who's doing the same.
Posted by cm3i on :
Why do you think they are ready to shoot? Everything I look at tells me they are only increasing their OS and debt. 10M in losses in 05. Still no reported revenues that I can find on any of there oil production BPD. Let me know where you are finding positive info. Looks like a potential 07 stock.
Posted by 7 of 9 on :
Gold hit $645 yesterday.
None of the other "Gold Mines" have any gold.
Posted by dkinvest on :
quote:Originally posted by 7 of 9: Gold hit $645 yesterday.
That's great news, but it doesn't do chit for this stock.
Posted by bobcat88 on :
Neither does anything you have to say about this stock. You bring nothing but negative. Basher
Posted by dkinvest on :
lol
Posted by SuperSniper00 on :
sh*tburger
Posted by tyleemary on :
Pearl Asian Mining Industries Inc. (PAIM) SqueezeTrigger Price Is $0.00022
Good morning everyone can someone please tell me what is going on. I am on hold with etrade and they are sending me to tech surport saying something about that is not there message about PAIM????
Posted by dkinvest on :
quote:Originally posted by SuperSniper00: sh*tburger
lol Posted by bmwboyee on :
quote:Originally posted by bobcat88: Neither does anything you have to say about this stock. You bring nothing but negative. Basher
Seems to me he just brings the truth. Since that reflects the stock, then there is nothing but negative things about the stock.
Invest in a REAL gold stock AURC. At least they don't have an UNLIMITED A/S.
Posted by dkinvest on :
quote:Originally posted by bmwboyee:
quote:Originally posted by bobcat88: Neither does anything you have to say about this stock. You bring nothing but negative. Basher
Seems to me he just brings the truth. Since that reflects the stock, then there is nothing but negative things about the stock.
Invest in a REAL gold stock AURC. At least they don't have an UNLIMITED A/S.
Good post and good recommendation....I think that the people here defending this POS think that PAIM is the only GOLD stock available.
Posted by dkinvest on :
quote:Originally posted by bobcat88: Neither does anything you have to say about this stock. You bring nothing but negative. Basher
Posted by bmwboyee on :
they all act like Ostridges. They don't want to hear bad things so they stick their head in the sand. Again, AURC is the play. They don't have an UNLIMITED A/S so they can't keep dumping shares unto the market.
Posted by amswap on :
Ok DK, we get it. You don't like this stock. Would you mind not bashing it anymore? You're not being informative or entertaining. Not trying to be rude, just asking. You've made your case over and over and over and over and over and....
Posted by dkinvest on :
LOL - like my so-called bashing is affecting the PPS?
Posted by dkinvest on :
quote:Originally posted by bmwboyee: they all act like Ostridges. They don't want to hear bad things so they stick their head in the sand. Again, AURC is the play. They don't have an UNLIMITED A/S so they can't keep dumping shares unto the market.
Here's another PAIM supporter peaking to see if anyone is "bashing" PAIM:
Posted by amswap on :
Never said that. It's just a bit tiring, that's all.
Posted by tmanfromtexas on :
That was too funny... TMAN...
Posted by dkinvest on :
Now this guy is a PAIM Basher
. PAIM
Posted by tmanfromtexas on :
your killin me dk. TMAN...
Posted by dkinvest on :
The following is the dreadful future of PAIM shareholders:
lol
Posted by etothes on :
LOL
Posted by Bigrod40 on :
I HAVE A GREAT IDEA...NEW NAME FOR dkinvest...LETS ADD THE LETTERS I and N between dk and call him DINK for short.....And I mean short....LOLOLOL
Posted by J_U_ICE on :
How about dick big rod
Posted by Bigrod40 on :
YEAH I like that one...
dICk, dINk, dUNk....
Hey dkinvest...say the above three words fast 5 times....
Later its happy hour.
Posted by dkinvest on :
LOL
Posted by dkinvest on :
quote:Originally posted by J_U_ICE: How about dick big rod
You can call me "dick big rod" if you like. Posted by 7 of 9 on :
AURC
Im going to have to chime in here about AURC.
AURC is an obvious pump and dump scam but that doesnt mean it wont go up.
Formerly the "BLACK ROCK GOLF CORPORATION" and im guessing were in the golf business, but the last filing was 1998, you read that right,
Since October they have become great gold miners in Russia and have paid all the paid pumper scam sites like "OTCPicks.com" to pump this utter pos.
Guys, this stock is garbage. Im buying gold stocks at this time, as well as energy plays. I need better. Sorry.
Posted by madmoney on :
AURC may not have filed since 1998 but PAIM has not filed at all!
Posted by joejoe on :
Go with AURC!
Posted by bobcat88 on :
7
Been holding AUY for a month. Think it is still going to go higher. Check into it.
Posted by 7 of 9 on :
My view of the aurc chart is that its going to settle back down to 0.10 unless some great pr moves it.
I believe there is a gold assay coming next month so i wait for that, but i expect it will be good. Who can check it in Siberia anyway?
Goin on my watch list but since most allstocks picks go straight down so i wait.
PAIM with increasing volume now, 270M today. One of the most active stocks there is.
Posted by 7 of 9 on :
PAIM is on this page of gold news with the big cos like FCX.
Compare this worthless gold assay from a NASDAQ stock with PAIMs record setting 94g/ton.
The highest I can find on here is 3.15 g/t.
I would not buy this gold stock bcs. they dont have gold. They also spent a fortune drilling these holes.
PAIM maxes out at 94 g/t, and have drilled only 8 holes.
Press Release Source: Acero-Martin Exploration Inc.
Acero-Martin Exploration Inc.: Additional Assays and Second Drill Rig on Pinaya Friday April 21, 4:30 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 21, 2006 -- Acero-Martin Exploration Inc. (the "Company") (TSX VENTURE:ASD.V - News)(FWB:AMX) is pleased to provide the following update on its ongoing 10,000 meter (32,800 ft) 2006 drill program, at the Pinaya Project in southern Peru.
The 2006 drill program has completed over 3,000 meters in 16 holes and has focused on two areas: the Gold Oxide Skarn Zone (herein "GOSZ") at the Open Pit and the Western Porphyry Zone (herein "WPZ"). A total of 16 drill holes have thus far been completed during 2006 bringing the total number of holes completed at the property to 40 totaling over 8800 meters. Average depth of current 2006 drill holes is 188 m. Please go to http://www.aceromartinexp.com/projects/pinaya/ to view the current drill hole location map.
To-date gold and/or copper mineralization at the WPZ has been defined in surface trenches and/or drill holes over an area measuring over 1700 meters long. Copper mineralization intersected in the WPZ and GOSZ suggests that the enrichment zones are over 360 meters in width.
Analytical results for holes PDH-025 thru PDH-029 of the 2006 drill program, and remaining results for PDH-024, which was completed during the latter part of 2005 were announced on March 23, 2006. The Company is now in receipt of the assays for PDH-030 to PDH-035, which are summarized in the following table.
Hole From To Width Width Au Cu Number (m) (m) (m) (ft) g/t % -----------------------------------------------------------
ADVERTISEMENT Holes PDH-030 and 031 were designed to drill infill holes on 50 meter centers in the GOSZ to fast track a resource calculation. To date, several drill holes within the vicinity of the open pit have intersected significant gold mineralization within alluvial/colluvial cover located near the valley bottom. Some of the results from surface include 10.20 m of 1.04g/t Au within PDH-003, 4.15m of 0.87 g/t Au within PDH-005, 4.50 m of 0.80g/t within PDH-08; 9.50 m of 0.46 g/t Au within PDH-026, 5.50 m of 0.75 g/t Au within PDH-030, and 3.75 m with 0.50 g/t Au within PDH-031.
Holes PDH-032 to PDH-035 were drilled in the WPZ and were designed to test for gold and copper mineralization found in trenches and to infill in areas of known mineralization. Holes PDH-32 and PDH-33 were drilled to test the near surface gold mineralization above the copper rich zones in the southern WPZ area. Hole PDH-32 was a vertical hole collared from the previous pad of PDH-14. Gold mineralization was encountered to a down hole depth of 59.6 meters. Mineralization in this hole is similar in nature to the near surface gold mineralization encountered in hole PDH-16 which intersected 169.5 m/556.1 ft of 0.69 g/t gold and 0.51 % copper.
Hole PDH-034 was collared 200 meters north of PDH-025. The hole was collared to test the depth of the copper and gold mineralization hosted in intrusive rocks in nearby trenches. The hole intersected from surface, gold and copper mineralization in porphyry intrusive to a down hole depth of 41 meters.
Hole PDH-035 was drilled in the northern WPZ approximately 110 meters south of PDH-018 and was designed to test for known gold and copper mineralization exposed in nearby trenches and to extend the copper and gold mineralization encountered in hole PDH-018. This hole encountered copper and gold mineralization to a down hole depth of 122 meters.
SECOND DRILL RIG
The Company has mobilized its second drill rig onto the property. Its initial targets are the Montana de Cobre-Gold zone located 2.5 kilometers of the north of the Open Pit. The second rig has completed two drill holes PDH-38 and 40.
Further assay results will be released as they become available.
INVESTOR RELATIONS
The Company is pleased to announce that it has retained the services of Mau Investor Relations ("Mau"), a subsidiary of Mau Capital Management LLC, to provide investor relations services for the Company. Mr. John Lee is the principal of Mau. Mau and John Lee are at arm's length to the Company.
Mau will provide in depth research report of the Company and disseminate it to qualified investors through internet media. They will also provide a section dedicated to the Company at the website run by Mau Capital Management LLC and publish weekly articles at leading precious metals sites. Mau will provide support services to handle investor inquiries.
Mau maintains its office in Point Roberts, Washington State, U.S.A. Mau will receive a fee of $5,000 per month. The Company will also grant an option to Mau Capital Management LLC to purchase 150,000 common shares of the Company at $0.83 per share, subject to regulatory approval.
PRIVATE PLACEMENT
The Company announces that is negotiating a non brokered private placement of up to 300,000 units at $0.60 per unit. Each unit will consist of one common share and one half share purchase warrant entitling the holder of each whole warrant to purchase one additional share of the Company at $0.75 within the first 6 months from closing and $0.90 within the last 6 months from closing. The placement is subject to regulatory approval.
The Company is compliant under National Instrument 43-101 for the Pinaya project, and independent consultants are supervising the quality control and quality assurance program. Core samples are transported to SGS Labs (a laboratory certified by International Standards Organization 9002) in Lima, Peru. Gold values are determined by 30-gram fire assay fusion with an atomic absorption spectroscopy finish. All samples are also analyzed for 35 elements by ICP, total digestion and those samples anomalous in copper are reanalyzed by atomic absorption (four-acid digestion). A quality control program of standards, blanks and duplicates is maintained. Jeffrey Reeder P.Geo is the Qualified Person responsible for the exploration program at Pinaya.
Posted by 7 of 9 on :
PAIM has 94 g/t. Compare.
ANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 21, 2006 -- American Bonanza Gold Corp. (TSX:BZA.TO - News) ("Bonanza") is pleased to announce important new gold intercepts at its wholly owned La Martiniere gold property located 35 km east of the two-million-ounce Detour Lake gold mine and 30 km west of Bonanza's Fenelon gold property in Northern Quebec. Gold mineralization at these three properties is controlled by the east-west trending Detour Lake-Fenelon Break - a significant gold trend in the northern Abitibi Greenstone Belt which is host to over 150 million ounces of gold. Bonanza's properties cover a large portion of the prospective terrain along this Break.
ADVERTISEMENT Assays from 4 core holes have been received with assays for another 5 holes pending. These intercepts have confirmed the main gold zone intercepted in previous drilling conducted before 2001 by previous explorers. The best intercepts from previous drilling programs include 14.4 grams per tonne of gold over 4.2 meters, and 9.3 grams per tonne of gold over 0.7 meters, and 9.2 grams per tonne gold over 1.0 meters, and 5.9 grams per tonne of gold over 6.5 meters, as previously announced. Previous drilling was located on wide spaced centers and Bonanza's drilling is designed to follow-up positive drilling results.
Posted by 7 of 9 on :
7 of 9. would you answer a couple of questions for me.
1. Why have an UNLIMITED A/S? what are the intentions of that?
2. Why not get your financials up-to-date and upgrade exchanges? that would force a short cover.
If this stock has so much potential, why does it have so much to hide?
Posted by kittykash on :
Nobody really knows nothing about this obscure stock. Letter from "ms" paim seems to have been bull. 1) Mr Fog is not out there 2) No executive in right standing would ever compose a letter like that So I spent a measly 20 bucks on this stock, got free divi's and a long wait and see attitude. What's all the bickering ? Doesn't solve a thing, it certainly doesn't validate stock. Anyone going to Phillipines this summer for a vacation? Relatives out there? Otherwise, please remember, WE HAVE NO CONTROL. Just kick back. Haven't seen a theory hold up in here yet and does it matter anyway?
Posted by 7 of 9 on :
1. Why have an UNLIMITED A/S? what are the intentions of that?
Pearl needed that bcs. she intended from the begining to give that 30T shares preferred divy, OK. It would be silly to make the AS 50T so she just made in unlimited, which can only be done in WY. Is that OK?
2. Why not get your financials up-to-date and upgrade exchanges? that would force a short cover.
No. Financials are pointless on the OTC. Pinks dont file, and "good" OTCBB stocks file nightmares with stuff like "going concern" and "insufficient capital" and all that. Go and read them.
All that really matters is the share structure, AS, OS, float is meaningless. For pinks you have to call the TA to get the OS, but some pinks, like RSHN, dont have a TA. The OS can go up several time in one day. For OTCBB the OS is in every 10Q filing. Pinksheets and yahoo are always wrong on the OS.
Another thing that can matter for pinks is state filings, since there are no SEC filings. All state filing should be online, at least a receipt of the filing. For VWKM, they were dumping 20B shares and then after that, filed a paper filing with Nevada to register more shares. I could not see the filing or the number of shares, so i sold within 30 sec.
Everything else is a waste of time since shorts will never "roll over".
PAIM is pure risk i guess, but since you can buy and sell at .0001, there is no risk. Whatever youguys think, but 95% of picks on allstocks plunge down.
Expect to be wiped out......
I have other killer otc picks but none of you guys would buy them, so i dont post them. Ask Sniper. Go DDSI!!!!
Posted by BuyTex on :
Hey!
"95% of picks on allstocks" ???
c'mon, 7... seems as though you're singling out AS.... is that truly your intention?
Posted by mcspeechless1 on :
You have to remember that your biggest bashers are usually your biggest investors. They have so much tied up in this that they have to impose their feelings on others. people spend money on all sorts of things and dont always come out with a profit or even a good product. But at least they have a choice whether its a POS or not. I am invested in PAIM and it is money spent. Im in for the long haul so lets just see how everything goes in a year or so. So everybody...continue investiting that is the one thing we all have in common. Unless you sought out a forum just to tell peole not to invest, which would be a waist of your time.
Posted by dkinvest on :
Alrighty then, today was exciting....looks like this week will be exciting too.
lol
Posted by tmanfromtexas on :
I think I may puke dk. lol. TMAN... btw, where do you get those?
Posted by joejoe on :
I have the new PAIM sybol listed on my Scottrade Account this morning.
Posted by DZWulf on :
quote:Originally posted by joejoe: I have the new PAIM sybol listed on my Scottrade Account this morning.
Hey Joe, Did you get all the shares you were supposed to? I seem to have been shorted like 4.5 billion shares. Currently on hold w/ scottrade. Pls lemme know if you got what you were supposed to get.
Posted by PCola77 on :
I got my shares this morning, but only a match to my original PAIM shares, not the 1000X I think we were supposed to get. Let us know what you find out Wulf. Thanks
Posted by Soul_beyond on :
i got mine too .. they said each preferred shares represent 1000 preferred shares ..
Posted by DZWulf on :
I was on hold for 15 min and they came back only to inform mr that their search was inconclusive. I am supposed to get a call back later to get an answer. Hopefully they will confirm what Soul has posted. I will let you know how it turns out. Soul are you using scottrade as well?
Wulf
Posted by bobcat88 on :
Soul is correct, if you look in your account you will see that it says 1=1000.
Posted by bobcat88 on :
PAIMPR - PEARL ASIAN PFD - UNIT 1=1000 - 33,165,000 Dang that looks like alot os shares! 33,165,000,000
Posted by DIGDOUGH on :
I see that the dividend is in my Scottrade account this morning all of a sudden..
Posted by joejoe on :
Mine lists the number of shares I purchased earlier.
Posted by 7 of 9 on :
275M vol so far today.
Thats huge.
Posted by stockforfun on :
Has anyone known PAIMPR ? I got 1000000 shares of PAIMPR in my account but I don't know .
Posted by buzzygresham on :
yes i got my 2500000000 shares
Posted by ACKCANE on :
what does the PR on the end mean? and when do you anticipate a R/S or whatever to make these viable shares?
Posted by bobcat88 on :
Preffered - When they get to the middle of a Caramello they will be worth something.
Posted by TheCreator on :
why is this thread even still open?
Posted by dkinvest on :
quote:Originally posted by TheCreator: why is this thread even still open?
lol
Posted by patricia on :
I need help guys This is my first time investing in penny stock. I bought 500,000 shares of PAIM today. Will I be given 1000X or is that for people who already bought shares before today. Thanks any advice will help.
Posted by singledadandhappy on :
I got my prefered shares but I got 3mill wich is the same as what I have of Paim.And it's just a numbered company.
Posted by buzzygresham on :
patricia, the 1000 to 1 was back a while ago.
Posted by patricia on :
Thanks
Posted by stringy27 on :
This is to any newbies out there. PLEASE do not buy into any of the PAIM pumping you hear on here. 7 of 9 is by far the worse. PAIM is absolute crap. Read back through pages and pages and you will find no technical support for PAIM to do well. I am not a basher. I am someone who got caught up in the pumping on here and lost a few bucks, so I speak from experience.
Posted by buzzygresham on :
i am right there with ya stringy and now i have been waiting for months to sell it. I do believe it will go up but there is no telling how long we will have to wait for that
Posted by 7 of 9 on :
350M shares vol.
Who is buying all these shares?
I think "dkinvest" is secretly an dotcom billionaire who is holding 12.3B shares of PAIM, all long. He's buying heavy every day.
Posted by hurricanematt on :
To him it is not heavy at all 7. Im not in paim right now using money else where. I feel like buying paim at .0003 or .0004 will make me lots of money when it is running. but for now it is only on my radar.
Posted by dkinvest on :
quote:Originally posted by 7 of 9: 350M shares vol.
Who is buying all these shares?
I think "dkinvest" is secretly an dotcom billionaire who is holding 12.3B shares of PAIM, all long. He's buying heavy every day.
lol
Posted by jellybean on :
dkinvest-- Don't own any PAIM. He is a BIG BASHER!!! He is A BIG FOOL!!!! He continues to bash. He or she refuses to inform us of the stocks he really owns!!! Paim will make a run soon!!!!
Posted by dkinvest on :
quote:Originally posted by jellybean: dkinvest-- Don't own any PAIM. He is a BIG BASHER!!! He is A BIG FOOL!!!! He continues to bash. He or she refuses to inform us of the stocks he really owns!!! Paim will make a run soon!!!!
lol
Posted by 7 of 9 on :
quote:Originally posted by jellybean: dkinvest-- Don't own any PAIM. He is a BIG BASHER!!! He is A BIG FOOL!!!! He continues to bash. He or she refuses to inform us of the stocks he really owns!!! Paim will make a run soon!!!!
dkinvest is the smartest of us all! he bashes paim every day to keep the price down at .0001 while he acquires billions of shares. he buys 100s of millions every day adding to his stash until the gold comes and he will switch to heavy pumping under a different login. dkinvest and i are actually the same entity! a janus with 2 faces. he is holding 3.4 trillion divy shares and refuses to admit that but his divy broke the server computers at his broker for 2 days so we know, we know.
dkinvest is holding 12.6B shares PAIM and wants all our shares cheap so he will keep bashing.
prediction: dkinvest will bash PAIM for at least 4 more weeks !!
Posted by jellybean on :
dkinvest---You WIN!!!! I don't have time to play games with a basher!!! Good luck at your bashing. Also good luck at with your stock trades!!! This will be my last reply. I will continue to buy Paim and be a shareholder for the long term. After a year iI will let you know how rich I am!!! 350 million long
Posted by dkinvest on :
LOL - You have greatly under-estimated my enormous position in PAIM.
Posted by dkinvest on :
quote:Originally posted by jellybean: dkinvest---You WIN!!!! I don't have time to play games with a basher!!! Good luck at your bashing. Also good luck at with your stock trades!!! This will be my last reply. I will continue to buy Paim and be a shareholder for the long term. After a year iI will let you know how rich I am!!! 350 million long
So, how was your April 1st trip to the Phillipines?
Posted by jellybean on :
GREAT!!!! THE WEATHER AND THE WOMEN WERE EXCELENT!!! I Went on the April 3 and return on the 15th. Goog luck fool with your bashing!!!!
Posted by dkinvest on :
Posted by SuperSniper00 on :
quote:Originally posted by jellybean: GREAT!!!! THE WEATHER AND THE WOMEN WERE EXCELENT!!! I Went on the April 3 and return on the 15th. Goog luck fool with your bashing!!!!
Okay so what did you see? Did you take pictures? Where did you stay? Did you go to Manila? What beer did you drink??
Im asking these questions because ive been to the philippines and i wanna make sure you're not bluffing.
Posted by Claydough on :
Hey, now I have a brother to my worthless cwfg shares. Millions of shares that aren't worth anything. Oh wait cwfg has life, its a great company again! At least the PAIM shares I have didn't cost me anything.
Posted by btownfas on :
Hey guys just wanted to let you know that I finally recieved my divy shares however only 1for1, also PAIM was added to a restricted list under scottrade, no buys only sells. I supposed to get back some of the shorted shares. Anyone else only get 1 for 1 on the divys? Again I trade through Scottrade, and also, sorry if any of this has been posted, i've been working long days the past few weeks and have been away from the site. Thanks
Posted by Intimatrader on :
LOL...STRINGY ....Ofcourse your a basher . As for paim ...I think everyone holding bought very low at .0001 or .0002 which means lowest price range bought . And many now hold divi's that will activate in months to come as excavation starts and paim is up and running . I like to listen to both sides of the coin but you just bashed and left . You can't call it a bad stock becouse you lost money on it and sold . Of all my stock gains I believe PAIM will be among my best ever . If all we have to do is wait a bit of time .....then why do some sell too soon , too low & spend to much time after that bashing it . And if your afraid of a reverse split on the common shares .....{ USE YOUR HEAD } ...PAIM has neither indicated or stated they intend to do that at this point . Infact ..they are extemely positive to share holders & show it . And ...they have created a conversion table of prefered into common shares that would establish no workable outlet for a reverse split .You are scaring newbies from this stock ....And that pisses me off . PAIM is one of the hardest to find low risk and highest potential long term gainers right now . That makes it pervect for a newbie with limited funds and knowlege to be invested in .
It's OK to trade some for near term gain ....
But ...Try and use some to ......HOLD LONG AND PROSPER Posted by tyleemary on :
I'm going over there with my cordless drill and I will get the gold for all of us !!
I can't wait for them.
Posted by dkinvest on :
This stock is DEAD, R.I.P. (Rest in Paim)
lol
Posted by 7 of 9 on :
dkinvest is buying 200M more shares today
Posted by dkinvest on :
quote:Originally posted by 7 of 9: dkinvest is buying 200M more shares today
Posted by Bacho_NYC on :
Can Anyone help please? I placed a sell order of 5,000,000 PAIM for .0001 it only sold 1 share out of 5 million and ameritrade charged me 9.99 on that. Are they going to charge me every time it gets filled partially? I mean if it keeps doing that I will loose all my money I have. Does anyone have suggestion? Thanks a lot
Posted by madmoney on :
if they sell all your shares today they will charge for one trade no matter how many partial fills it takes to dump the whole 5 million, if the sell order is good til cancelled you will be charged one trade fee per day until they are gone.
Posted by Bacho_NYC on :
anyone at all?
Posted by Bacho_NYC on :
ALl right Thanks a lot. I really appreciate your help madmoney
Posted by logical buyer on :
Does anyone know when the Pef. shares can be sold?
Posted by dkinvest on :
quote:Originally posted by Bacho_NYC: Can Anyone help please? I placed a sell order of 5,000,000 PAIM for .0001 it only sold 1 share out of 5 million and ameritrade charged me 9.99 on that. Are they going to charge me every time it gets filled partially? I mean if it keeps doing that I will loose all my money I have. Does anyone have suggestion? Thanks a lot
1 Share at .0001? That confirms what I have been saying for weeks - This stock is a 1st class POS. No, they wont charge everytime you get a partial fill as long as you don't cancel the original order. To prevent this, my suggestion is to sell ALL OR NONE.
Posted by Bacho_NYC on :
WOOOOOOW. it went through completely. Thank you very much Madmoney for your help. I really appreciate this
Posted by dkinvest on :
quote:Originally posted by logical buyer: Does anyone know when the Pef. shares can be sold?
Ok I'm new at this I bought PAIM yesterday 500.000 *.0001 what did I buy common shares or preferred shares and whats the difference? Thanks
Posted by Thomas Mick on :
If you bought the shares yesterday, you only bought common shares. The preferred shares everyone is talking about where a dividend paid earlier; the value of which is questionable IMO.
Posted by patricia on :
Thanks Thomas
Posted by cottonjim on :
quote:Originally posted by Thomas Mick: If you bought the shares yesterday, you only bought common shares. The preferred shares everyone is talking about where a dividend paid earlier; the value of which is questionable IMO.
Not opinion, fact.
Posted by 7 of 9 on :
Fact: PAIM has no risk at all.
You can buy and sell at .0001 every day.
(PAIM isnt going up until they start mining.)
Posted by Soul_beyond on :
not quite .. paim's volume is getting lower and lower ..
Posted by MoneyMoneyMoney on :
Quit lying. PAIM has more risk than many of these here on this board.
I've been trying to sell for 4 day now 2mill X .0001. They won't go.
People this is a very risky stock so please do your DD!!!!!!!
Posted by dkinvest on :
Need I say it?
PAIM IS A POS!
Posted by letitrideboy on :
I was able to sell this after a few days. It's QBID I cant sell, had that stupid order in to sell for 2 weeks lol
Posted by jellybean on :
dkinvest----GOOD afternoon BASHER!!! Price of GOLD GOLD GOLD GOLD up 8.50!!! PAIM up very soon!!! Bought 5 million this morning at .0001!!!!
Posted by dkinvest on :
quote:Originally posted by jellybean: .....PAIM up very soon!!!......
I wish I had .0001 for everytime I've seen you post that.
lol
Posted by dkinvest on :
Another 39,306,000 Sh*tburgers served today.
lol
. PAIM
Posted by amswap on :
dk, send me an autographed copy of the book you were talking about on the JPHC thread. I'll use the pages to wipe my butt when I can't buy toilet paper because of the the loss in my investment in PAIM. They will eventually dry up and blow away like so many other pennies. They'll take our money and run. Keep bashing so the newbies will be alerted to this piece of garbage and jellybean can accumulate billions of shares all to himself. IMO
Posted by stringy27 on :
I got an email from a buddy of mine in Texas. He said he was pulled over by a state trooper on I-35 going from Dallas to Austin. The trooper claimed he was going 25 mph over the speed limit and since this was his third offense in three weeks, he had to learn his lesson. So low and behold instead of a speeding ticket the trooper gave him 5 million shares of PAIM.
Posted by dkinvest on :
quote:Originally posted by stringy27: I got an email from a buddy of mine in Texas. He said he was pulled over by a state trooper on I-35 going from Dallas to Austin. The trooper claimed he was going 25 mph over the speed limit and since this was his third offense in three weeks, he had to learn his lesson. So low and behold instead of a speeding ticket the trooper gave him 5 million shares of PAIM.
LMAO
Posted by PCola77 on :
You bought $50 worth of a stock? How is that even worth doing?
quote:Originally posted by patricia: Ok I'm new at this I bought PAIM yesterday 500.000 *.0001 what did I buy common shares or preferred shares and whats the difference? Thanks
Posted by dkinvest on :
quote:Originally posted by PCola77: You bought $50 worth of a stock? How is that even worth doing?
quote:Originally posted by patricia: Ok I'm new at this I bought PAIM yesterday 500.000 *.0001 what did I buy common shares or preferred shares and whats the difference? Thanks
You should of just wiped your butt with a 50 dollar bill - at least you would of put it to better use.
Posted by ruthie on :
Patricia, Don't let anyone get you down. In the beginning there is nothing wrong with putting only a little amount of money into a stock. That sure is a heck of a lot better than sinking a large amount down and losing alot. Just keep on reading and learning and I am sure you will do just fine. Good luck to ya.
Posted by dkinvest on :
I think Patricia could of picked a better stock to put 50 dollars into, instead of this one.
Posted by ruthie on :
I think you are right dkinvest,but in the beginning it is hard to not make a mistake or two or three etc.., but thankfully we all learn as we go and in the learning process it sure beats taking a chance on a little bit of money instead of a lot. I am sure she will do fine when she gets more experience. I know I have made my share of mistakes in this stock business, but I sure have learned alot in the process. I learned the hard way but I have learned quite a few lessons.
Posted by megahead34 on :
I agree, i put in a lil money knowing its a gamble. Although right now it seems to be a big joke, you never know, this could be the real deal and be worth something in the future. The way i saw it is, its worth .0001, ill take a risk and put a couple hundred bucks. I'm sure lots of investors think the same way and have a couple of penny's worth nothing hoping it will go up one day.
My two are PAIM and BKMP.
Posted by dreamer_rick on :
what can we do with the dividends shares ...I got 2 bilion shares in my account... could any one tell me what we will be able to do these preffered stocks.?
Posted by letitrideboy on :
quote:Originally posted by dreamer_rick: what can we do with the dividends shares ...I got 2 bilion shares in my account... could any one tell me what we will be able to do these preffered stocks.?
1) cup coaster 2) toilet papaer 3) bird cage liner
hehe I kid I kid!! you cant do anything for atleast 1 or 2 years i think
Posted by Intimatrader on :
Dreamer ..and the rest .....IT"S CALLED WAITING .....Thats what you SOMETIMES do when owning stocks . It's a small thing to do for great profits . Patients and you will see that the divi's will grow .......They are not meant to have tradable value now ....YET THEY ARE VALUEABLE .....They are meant to develope value over time as a way to thank the current share holders who support the company before it takes off as excavating and biggining proccesses will show .
LIVE LONG AND PROSPER Posted by amswap on :
Am I dreaming or did I see the last ticks on the ask price of this to be at .0002? Is there any chance at all that I might actually be able to dump this garbage soon? Been trying to sell ot .0001 for days and no luck.
Posted by Thomas Mick on :
According to my Scottrader, you're dreaming.
Posted by dkinvest on :
quote:Originally posted by amswap: dk, send me an autographed copy of the book you were talking about on the JPHC thread. I'll use the pages to wipe my butt when I can't buy toilet paper because of the the loss in my investment in PAIM. They will eventually dry up and blow away like so many other pennies. They'll take our money and run. Keep bashing so the newbies will be alerted to this piece of garbage and jellybean can accumulate billions of shares all to himself. IMO
If jellybean buys anymore of this stock, jellybean will be the majority stockholder, which PAIM will then become JBMI:
Jelly Bean Mining Industries
. JBMI
LOL
Posted by cottonjim on :
Pearl Asian Bean???? Jelly Asian??? they do have a nice ring to them.
Posted by patricia on :
dkinvest I'm new at this. How much should i invest in this company? Any info would help.
Posted by patricia on :
Thanks Ruthie
Posted by tmanfromtexas on :
Patricia, I dont post here much on this thread I usually only come here to see the newest post from DK. I wouldnt invest any more than you are willing to lose. Period. That is the only advice I can give. None of these pink stocks are really considered to be investment grade, they are a gamble. Some like this and jphc are a gamble from the depths of hell. So only invest what you can lose. Learn and DONT get into the hype of pumpers and bashers. Good luck. TMAN...
Posted by BuyTex on :
quote:Originally posted by patricia: dkinvest I'm new at this. How much should i invest in this company? Any info would help.
Patricia, all available evidence points to massive dilution. The "CEO" is connected to a "virtual" nation (cf Dominion of Mechelzidek), which in turn is connected to many well-known ripoffs in the past. Being registered in Wyoming allows the company to claim unlimited authorized shares. Although it's true that at prices of .0001 to .0003 there's "a chance" to double if you can sell on bid of .0002, it is considered by veteran penny traders to be an amusing scam...no more than perhaps what you'd pay for lotto tickets.
Posted by SuperSniper00 on :
The same conartists who run PAIM also run BKMP. Elvira Gamboa, Sandy Winnick, and Mario Pino are well known scammers.
Stay away.
Posted by logical buyer on :
This thread is where you need to stay Superbasher!!!! You have nothing good to say about any stock.
quote:Originally posted by SuperSniper00: The same conartists who run PAIM also run BKMP. Elvira Gamboa, Sandy Winnick, and Mario Pino are well known scammers.
Stay away.
Posted by patricia on :
Thanks tman, I'm really new at investing. At this time I let my nephew invest money for me in stocks. He don't believe in penny stocks. He makes lots of money in stocks, so I trust him. I'm just trying to take it slow and learn.
Posted by patricia on :
buytex I appreciate the info. What do you think is a good company to invest in?
Posted by 7 of 9 on :
PAIM is a lottery ticket. Not really an investment.
Its very cheap tho, cant get cheaper.
Might make a huge profit, or nothing. Lottery.
Gold is good tho. A good pick. Gets folks excited. When the prs start coming from the mine in asia, watch out.
Posted by dkinvest on :
quote:Originally posted by 7 of 9: PAIM is a lottery ticket. Not really an investment.
Its very cheap tho, cant get cheaper.
Might make a huge profit, or nothing. Lottery.
Gold is good tho. A good pick. Gets folks excited. When the prs start coming from the mine in asia, watch out.
I'd rather buy an actual lottery ticket through my state's lottery - At least I will know that the money I probably will have lost will be going to a better cause - the state school systems, not PAIM con-artists' pockets.
Posted by BuyTex on :
quote:Originally posted by patricia: buytex I appreciate the info. What do you think is a good company to invest in?
I dunno--I'm a trader, not an investor . . . Actually, I do have a coupla longs I like, but sounds like you should consult with your nephew.
Best,
-- tex
Posted by Max Shrap on :
I don't think this one is a scam. I just think the structure is a bit screwy. We will probably see a nice run in the last quarter as the actual gold extraction process begins. If this was a scam, it would have gone away already. Toward the last quarter I will probably pump a couple thousand dollars into it to play the meaningful PRs that will be coming about the gold/revenues.
Posted by patricia on :
buytex dont get hung up on the wording. i'm new with stock. whats a good stock?
Posted by Max Shrap on :
Stick with Google, Pepsi, and Toyota.
quote:Originally posted by patricia: buytex dont get hung up on the wording. i'm new with stock. whats a good stock?
Posted by Max Shrap on :
You could actually make a decent retirement fund by flipping Google for the rest of your life.
Posted by patricia on :
Thanks Max
Posted by Max Shrap on :
Don't forget to buy when it's down and sell when it's up.
quote:Originally posted by patricia: Thanks Max
Posted by Superbee383 on :
quote:Originally posted by Max Shrap: I don't think this one is a scam. I just think the structure is a bit screwy. We will probably see a nice run in the last quarter as the actual gold extraction process begins. If this was a scam, it would have gone away already. Toward the last quarter I will probably pump a couple thousand dollars into it to play the meaningful PRs that will be coming about the gold/revenues.
I'm not sure what to think about this one anymore. Last Thursday (April 27th), I noticed that $25.00 was taken out of my account. I called Ameritrade, and they said it was a 'Pass Thru' fee charged by the Transfer Agent for those dividends we received. I asked them to write off that fee, that we weren't told there'd be a fee, and they said they would, especially since I called twice about it. I have received dividends many times before, and NEVER got charged a fee by the transfer agent!! Has anyone else been charged? If you have, call your broker and try to get it written off.
Posted by patricia on :
I'm trying to be patient with this one.
Posted by J_U_ICE on :
quote:Originally posted by patricia: I'm trying to be patient with this one.
I suggest you focus on other stocks and go back to this when people start talking about it again. That's what I do. Posted by J_U_ICE on :
Pearl Asian Mining Industries Will Buy Back 90% of its Issued and Outstanding Common Shares via COMTEX
May 4, 2006
MANILA, Philippines, May 04, 2006 (BUSINESS WIRE) --
Pearl Asian Mining Industries, Inc. (OTC: PAIM) will buy back approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture.
PAIM will pay par value of $0.001 per share when issuing its convertible debentures. The debentures will be payable without interest in 5 years and be convertible back to common at the rate of $0.01 per share at any time before maturity.
As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest. Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares.
Only shareholders of record on June 1st will be entitled to convert 9 out of every 10 common shares on the exchange date of the 15th of June, 2006 for a debenture.
The Company's Chairman of the Board, E. Pearl Asian commented, "We are so optimistic about the future of Pearl Asian Mining that we are taking this calculated risk, going into long-term debt, certain that when the debentures become payable, our earnings will far exceed the face value of this debt."
About The Company
Pearl Asian is a developmental and pre-production stage gold mining company with mining interests and claims in the Philippines and Canada.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries Inc. - Philippines
Pearl Asian Mining Industries Inc. - Philippines USA: Richard C. Miller, 770-336-5779 or Philippines: Gary Gotanco, +63-2-490-0140 IR*PearlAsianMining.com www. PearlAsianMining.com Fax: 877-317-4430 (USA)
Copyright Business Wire 2006
Posted by moosehead9nc on :
so...basically you have to keep the shares for 5 years?
Posted by dkinvest on :
WTF is a debenture?
Posted by Mu Meson on :
will someone in hear who is super smart explain the new pr?
this stuff is way over my head
Posted by moosehead9nc on :
lol agreed
Posted by dkinvest on :
What a bunch a freakin h*rsesh*t...They aint paying $900 per 1Million common in 5-years...they'll be long gone living & hiding in the rain forests of Zimbabwee before you try getting your money.
Posted by Boss1 on :
looks like a funky r/s. Got me though. 1000 shares of paim will become 1 share of ....COMTEX??? Help please isle 5
Posted by Mu Meson on :
Maybe this is good.
PAIM vol. was 785M shares today!!!
Almost a billions shares all near EOD.
Posted by BlindMellonChitlin on :
de·ben·ture Audio pronunciation of "debenture" ( P ) Pronunciation Key (d-bnchr) n.
1. A certificate or voucher acknowledging a debt. 2. An unsecured bond issued by a civil or governmental corporation or agency and backed only by the credit standing of the issuer. 3. A customhouse certificate providing for the payment of a drawback.
A promisary note....
Good for payment in 5 years...unless they go BK at some time.
Posted by Claydough on :
Sory Ime dum to
Posted by BlindMellonChitlin on :
Seems to me this is a way to lower the OS without an RS..and then start diluting again.
Posted by Mu Meson on :
My new thinking is that this is another attempt to defeat the dreaded Naked Shorts.
Posted by Boss1 on :
????????????????????
Posted by dkinvest on :
quote:Originally posted by BlindMellonChitlin: de·ben·ture Audio pronunciation of "debenture" ( P ) Pronunciation Key (d-bnchr) n.
1. A certificate or voucher acknowledging a debt. 2. An unsecured bond issued by a civil or governmental corporation or agency and backed only by the credit standing of the issuer. 3. A customhouse certificate providing for the payment of a drawback.
A promisary note....
Good for payment in 5 years...unless they go BK at some time.
What a bunch a freakin h*rsesh*t...They aint paying $900 per 1Million common in 5-years...they'll be long gone living & hiding in the rain forests of Zimbabwee before you try getting your money.
BTW, how about my 6 billion preferred shares? Are they tied to this complicated h*rsesh*t?
YOU CAN REALLY TELL THAT THIS CO. IS SCREWED AND THEY'RE PULLING EVERYTHING THEY CAN OUT OF THEIR ASSES TO ENTICE CURRENT AND FUTURE SHAREHOLDERS IN ORDER TO GET MORE MONEY SO THEY CAN LIVE THIER LAVISH LIFESTYLES, AND NOT BE MINING CHIT.
Posted by Max Shrap on :
Looks like a reverse split and an IOU to me. But I could be wrong. The whole 1,000,000 share to 100,000 share example looks like a 10 to 1 R/S.
Posted by Mu Meson on :
dkinvest is a very smart invester, but he must admit that is a good thing that the vol. was super high today, all at the ask of .0001. Someone is really loading up so we may get an exit point tomorrow.
Posted by BlindMellonChitlin on :
It is an out and out R/S without having the stigma of an outright R/S IMO.
Posted by dkinvest on :
IT'S ANOTHER AZZ POUNDING, IS WHAT IT IS.
Posted by dkinvest on :
Come on JellyBean, where the hell are you?
Posted by WMRP on :
Wait, woooooo. So they take 90% of my stock back and pay me for it in 5 years. Do I get a choice to keep it. Very confusing
Posted by madmoney on :
quote:Originally posted by Mu Meson: dkinvest is a very smart invester, but he must admit that is a good thing that the vol. was super high today, all at the ask of .0001. Someone is really loading up so we may get an exit point tomorrow.
there is still no bid on this until that changes volume means nothing!
Posted by BongLoad on :
quote:Originally posted by dkinvest: IT'S ANOTHER AZZ POUNDING, IS WHAT IT IS.
Where did you find those gay smiley dudes???
Posted by J_U_ICE on :
quote:Originally posted by dkinvest: IT'S ANOTHER AZZ POUNDING, IS WHAT IT IS.
the thread should be changed to "PAIM SHAREHOLDERS GET IT IN THE END.... AGAIN"
Posted by WMRP on :
Does this effect my preferred shares as well
Posted by Mu Meson on :
We may get an exit point oon from this.
Clearly though, higher math is need to understand all this pinky scamming.
Posted by BlindMellonChitlin on :
PAIM traders are pissed:
Posted by Bigrod40 on :
Read the title of the PR.....
"Pearl Asian Mining Industries Will Buy Back 90% of its Issued and Outstanding Common Shares"
My question is... why buy back 90%??
My question is... why so optimistic on thier future??
My question is... did they find something significant in one of thier mining claims in the Philippines to warrant a PR stating such a massive buyback??
My question is... has there ever been another company ever PR a Buyback of 90% O/S??
My question is... ANOTHER BRE-X...LOL?? Posted by megahead34 on :
I have no clue what that PR means. I read the posts above and still clueless. They need another PR that explains this PR... Posted by SuperSniper00 on :
How can they buy the shares we own? They can't buy my shares unless I sell them.
Posted by Mu Meson on :
If this is a 90% buyback, then they will be replacing 90% of the shares with another symbol?
If they "buy back" 90%, then its not just a reverse split where they replace 90% of your shares with fewer shares of another, new symbol. All reverse splits as far as I know are 100%.
I think that this is impossible to carry out, unless they intend to reverse just the "float" shares? But i know that is illegal in the US. They said they held 25B shares, about 5B in "float". Which get "bought back"? Do the rest remain as PAIM?
This could be a screw up a great as GVRP !!!!
I made a fortune on GVRP.
Posted by dkinvest on :
Do you have a question that you would like to ask Bigrod 40?
lol
Posted by madmoney on :
they will reduce the O/S, no cost to them for five years! will investors make out? who knows! they had to do SOMETHING to reduce the O/S.they said no R/S. this is pretty close if you ask me!. if MM`s start posting bids on this again flip it for whatever you can. i know i do not want to be holding it when it splits ( debetures are issued ) because it wont " technicaly " be a split the price will be the same after as before.
Posted by Mu Meson on :
On second thought I think there is a chance of a halt. If this 90% buy back is illegal the shorts may complain to the SEC and ask for a halt like in KSWJ.
Beware the SEC halt.
There is no way to "buy back" 90% of the shares with some new symbol. It wont happen.
Posted by Max Shrap on :
A 10 to 1 R/S is basically the same as reducing the O/S by 90 percent.
Posted by Mu Meson on :
quote:Originally posted by madmoney: they will reduce the O/S, no cost to them for five years! will investors make out? who knows! they had to do SOMETHING to reduce the O/S.they said no R/S. this is pretty close if you ask me!. if MM`s start posting bids on this again flip it for whatever you can. i know i do not want to be holding it when it splits ( debetures are issued ) because it wont " technicaly " be a split the price will be the same after as before.
90% of the shares cannot be split leaving 10% PAIM behind. No way. PR is wrong. This cannot happen.
Obviously the people behind the latest PR are idiots. They have no idea what they are talking about. If they try to file SEC papers for this stupid buy back scam the SEC will halt the stock. Maybe we need to call Richard and help him. We could help him create a plan that benefits both PAIM and us.
Posted by Max Shrap on :
This is actually a good move to clean up the structure of the stock if they don't dilute. The problem is, if you own it now, you are gonna be shafted.
Posted by Mu Meson on :
Read the PR again. A buy back and a reverse are not the same. The SEC and NASDAQ will halt this one if they try, but that will not be death. We need to convince Pearl and Richard to wise up.
Pearl Asian Mining Industries Will Buy Back 90% of its Issued and Outstanding Common Shares
MANILA, Philippines, May 04, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC: PAIM) will buy back approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture.
PAIM will pay par value of $0.001 per share when issuing its convertible debentures. The debentures will be payable without interest in 5 years and be convertible back to common at the rate of $0.01 per share at any time before maturity.
As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest. Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares.
Only shareholders of record on June 1st will be entitled to convert 9 out of every 10 common shares on the exchange date of the 15th of June, 2006 for a debenture.
Posted by dkinvest on :
What a joke.
Posted by Bigrod40 on :
quote:Originally posted by dkinvest: Do you have a question that you would like to ask Bigrod 40?
lol
My question is.... FOR DINKINVEST...Do you remember the squeeze report??
A short squeeze is expected to begin when shares of PAIM close above $0.00022
Maybe we are on our way there starting tomorrow!!!!
Maybe, just Maybe Pearl and her Gold-digging band of MERRY MEN have found the MOTHERLODE.
Later dickinvest
Posted by Mu Meson on :
Perhaps we get an exit soon.
Lets pray.
Posted by megahead34 on :
Still confused Posted by dkinvest on :
I'm buying 10M shares tommorrow * .0001.........5 years from now I will be suing PAIM for $9,000.00 + lawyer fees.
Wish me luck.
Posted by Mu Meson on :
We know they cant buy back shares for cash.
PAIM has a mc of 3M.
27B shares * .0001 would therefore be $2.7M.
No way they have that kind of cash.
Only matto, dkinvest, investor and those guys have cash like that.
Posted by cottonjim on :
I am so pissed I was absent from this board today. What an opurtunity to act confused and run around in verbal circles, not to mention get in a few cheap shots at PAIM's expense. As usual the smileys were in full force today, very fun. Anyway, what is going to happen to my 12 billion shares? I don't want to sell and wait 5 years to get my, non-interest, money back. I would rather put it in the bank and draw 1.7% yearly.
Posted by Max Shrap on :
If this was a buy back, shareholders wouldn't be losing 90 percent of their shares.
Posted by TickTrader on :
cottonjim, you have 12B PAIM common stock?
Posted by cottonjim on :
quote:Originally posted by TickTrader: cottonjim, you have 12B PAIM common stock?
Give or take 11B or so, yeah.
Posted by Mu Meson on :
Buy back means cash. Only cash can buy back shares.
Reverse means replacing your shares with fewer shares of another, new symbol. Longs get shafted.
One of the other might happen, but PAIM has no cash for a buy back.
All this is is another attempt to defeat the naked shorts. Likely a waste of time. Watch for an exit.
Posted by TickTrader on :
If this plan is workable (and I have never seen this before), this is how it SHOULD AFFECT shareholders, using 10M in a simplified example...
You own 10,000,000 shares of PAIM common stock, purchased at .0001 = $1000.
At pay date... 1) you will retain 1,000,000 freely tradable shares. 2) you will be issued CDs for 9M shares which will have a value of $9000 (9M x .001)payable in 5 years.
The CDs are exercisable at any time DURING the 5 years IF the pps is over .01, effectively adding 1000+% to your $9000 for $90,000.
IMO - Hope they can get this done. My bank doesn't give that kind of return. This is extreme risk for the company, not for the shareholder. OMG, I feel like Cornell Capital!
Rather than edit poorly worded content... The CDs are exercisable at any time DURING the 5 years IF the pps is over .01, effectively adding 1000+% to your $9000 for $90,000....
I'll add this... if PAIM pps moves above .01 during the 5 years, your 9M shares will not be tied up for 5 years. I forgot to factor in peeps that don't seem to mind selling or converting at a loss.
[ May 04, 2006, 18:37: Message edited by: TickTrader ]
Posted by Mu Meson on :
Alright, lets parse this idiocy.
>>>PAIM will buy back approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture."
No. They can only buy back with cash.
>>>PAIM will pay par value of $0.001 per share when issuing its convertible debentures.
This is an error. They used the word "pay" whichs means they will give cash. But the "par" value of a stock is archaic and irrelevant. The stock market can trade "shares", "warrants", "options", and "bonds". Does mean that "debentures" are bonds?
>>>The debentures will be payable without interest in 5 years and be convertible back to common at the rate of $0.01 per share at any time before maturity.
So the "debentures" will be bonds with a 0% coupon? Yummy. Then they seem to say that we can sell the "debentures" back to PAIM at any time for 0.01. Since PAIM is .0001 and we get 1 debentures for every PAIM share, this would be very good. But does PAIM have any cash? Doubtful.
As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest.
The "common" shares would be reverse shares and would have a new symbol, call it SHAFT1. Fine. We would recieve "1" debenture worth $900 in 5 years. Call the debenture SHAFT2. That would be fine since 1M shares PAIM only cost $100. But the conversion to common makes no sense. Impossible.
Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares.
Therefore. 1M shares PAIM can be:
1) 100k SHAFT1 reverse shares, value unknown, and 2) 1 deb share SHAFT2
The 1 deb share SHAFT2 can become:
1) $900 cash in 5 years, good luck 2) 90k shares SHAFT1 common, as long as you pay .01 per share which is $900.
So, we can pay $900 to turn 1 share SHAFT2 into 90k SHAFT1 at any time? This is an option. So we are getting an option as well.
>>>Only shareholders of record on June 1st will be entitled to convert 9 out of every 10 common shares on the exchange date of the 15th of June, 2006 for a debenture.
Does this mean it is optional? I doubt it. But if it is optional then lots of PAIM will continue to trade.
SHAFT1 and SHAFT2 will exist in some peoples accounts, but prob. not tradable. The divy shares cannot be traded bcs. they dont have a valid symbol. I dont know why that is, but its the same as restricted.
If the SHAFT1 shares tradable they will be shorted back down to .0001.
Who knows what happens to the divy shares already given.
Why dont these idiots dig for gold? That sounds fun to me.
Posted by Max Shrap on :
As confusing as it looks, it may not be a rip off. Figure if you have 1 mil shares that are reduced to 100,000 shares and a 900 dollar deb. 900 dollars is equal to 900,000 shares x .001. So you are actually gaining. Cuz that 900,000 shares is only worth $90 right now at the present pps.
Posted by Mu Meson on :
I think Max and Tick are smarter than most and might know some of the advanced math needed to understand this. We need something way beyond calculus, maybe String Theory or Chaos.
Still, I suspect that Pearl made some math errors and other errors in her lovely PR. It will never be cleared up.
750M vol. though was a good sign. That might be some naked shorts getting out, covering, or not.
Posted by Max Shrap on :
Too many flaming hoops for me to jump thru. I'll stick with DDSI and BKMP.
Posted by TickTrader on :
Mu, accountants have their own math, which is Greek to me. But... I have always wanted to get my knubbies around some of these CDs that the loan sharks get.
This deal really may be possible because the CDs would not be interest-bearing.
Anyone posting on this... please confirm or deny accounting background... I deny.
Posted by th0th on :
Something is wrong with the PR:
"As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest. Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares."
So let's say I follow the PR example and buy 1,000,000 common shares today. Some time later I will get to keep 100,000 of my original 1,000,000 common shares and receive a $900 debenture. Let's say a month afterwards, I decide to convert the debenture to 90,000 common shares. So basically I bought 1,000,000 common shares and a few months later I end up with only 190,000 common shares??? How is that a good deal????
Maybe I'm missing something.
Posted by Mu Meson on :
th0th, u r correct!
there appear to be math errors in the idiotic pr.
if so, no amount of higher math will achieve clarity.
Posted by TickTrader on :
I missed that, thanks th0th.
Posted by th0th on :
I have to admit though, that fuzzy mathematics have pumped other stocks up in the past. Just be careful and know when to get out.
Posted by letitrideboy on :
I have not been in this thread for a while so if i repeat something don't kill me!! The convertable debenture thing....they are giving stock for enough money to buy back billions of shares did I see? So buying shares back...and replacing them when they have to pay back the convertable with shares. seems odd lol going to take a lot of stocks even at .001 did I see? so how many shares are they really buying back that won't be let back out when time to pay up?
Posted by Max Shrap on :
It's like buying a bond that pays 10 times the money you invested in 5 years. But who's to say they won't disappear by then. Too risky. I say sell all you got for as much as you can get and buy back in, on the low, after the R/S dust settles... if you have ANY faith in this mess.
quote:Originally posted by th0th: Something is wrong with the PR:
"As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest. Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares."
So let's say I follow the PR example and buy 1,000,000 common shares today. Some time later I will get to keep 100,000 of my original 1,000,000 common shares and receive a $900 debenture. Let's say a month afterwards, I decide to convert the debenture to 90,000 common shares. So basically I bought 1,000,000 common shares and a few months later I end up with only 190,000 common shares??? How is that a good deal????
Maybe I'm missing something.
Posted by th0th on :
quote:Originally posted by letitrideboy: I have not been in this thread for a while so if i repeat something don't kill me!! The convertable debenture thing....they are giving stock for enough money to buy back billions of shares did I see? So buying shares back...and replacing them when they have to pay back the convertable with shares. seems odd lol going to take a lot of stocks even at .001 did I see? so how many shares are they really buying back that won't be let back out when time to pay up?
It's not buying back at all. Typically when a company buys back stock, the stock that they buy back are retired from the market. Let's say PAIM did a true buy back of "approximately 27,000,000,000 or 90% of its issued and outstanding common shares". That means 27 Billion stocks are retired and only 3 Billion stocks left to trade in the open market. That would be good news.
What PAIM is going to do according to their PR, however, is not a true buyback. It is basically a reverse stock split + dilution with the debenture.
"PAIM will pay par value of $0.001 per share when issuing its convertible debentures."
So that means that, like their example, 1,000,000 common shares of PAIM which is currently trading at .0001 will, essentially, be reversed split to 100,000 at .001. Basically a reverse split of 1 for every 10 common shares held.
Here is where the dilution comes in:
"The debentures will be payable without interest in 5 years and be convertible back to common at the rate of $0.01 per share at any time before maturity."
So, according to their example, for every 1,000,000 common shares held, you are entitled to a debenture that can be converted "at any time" to 90,000 common shares.
That means that the current O/S of ~30 Billion common shares will become ~57 Billion common shares(calculated before the "buyback") when everyone "cashes" in their debentures.
Posted by Claydough on :
I own PAIM preffered shares and thats all. I don't feel preffered. I feel like if they make bank then they may throw me a bone. Seems like they are just trying to raise money to live the high life until they fold.
Posted by Bigrod40 on :
Man the rumour mill is out in full force tonight....Raging Bull and IHUB have Barrick Gold buying PAIM for .10 Per Share. I'm going to bed to dream about all my riches... Posted by Mu Meson on :
We need to check the corporate records for the state of WY every day to see what is really filed.
Ditto for otcbb.com.
The real facts may be surprising.
PAIM will not be able to file the junk in the pr.
Posted by BuyTex on :
Basically, Elvira/Pearl worked herself into a corner...good fun, though--well, if you're not overextended in it. To those who may be, sincere sympathy: am not making fun.
Posted by BuyTex on :
Basically, Elvira/Pearl worked herself into a corner...good fun, though--well, if you're not overextended in it. To those who may be, sincere sympathy: am not making fun.
Posted by Frank Richards on :
Pearl Asian Mining Industries, Inc. (OTC: PAIM) will buy back approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture.
PAIM will pay par value of $0.001 per share when issuing its convertible debentures. The debentures will be payable without interest in 5 years and be convertible back to common at the rate of $0.01 per share at any time before maturity.
As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest. Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares.
Only shareholders of record on June 1st will be entitled to convert 9 out of every 10 common shares on the exchange date of the 15th of June, 2006 for a debenture.
1,000,000x.001=$1000 100,000x.001=$100+ a option to buy 90,000 shares for $900. So for the most part you are trading $1000 for $100 and a chance to buy stock at 10x the price.
The 900 face value of the debenture is the cost to convert it. PAIM isn't giving you any money for it.
Posted by letitrideboy on :
hmm if I am missing something isnt a convertable debenture something an institution loans money on in return for stock, not shareholders?
Posted by BuyTex on :
ggggggooooddd question, lirboy!
would you be so kind as to pursue the DD on that? Please post the results of your investigation...
nice post
Posted by J_U_ICE on :
I second that let it ride interested in your findings also
Posted by singledadandhappy on :
I am sooooooooooooooooooo confused. I hold 3000,000,000 what will I get on June 15th?
Posted by Boss1 on :
Hey do my eyes deceive me or did someone buy 100,000,000 shares premarket?
Posted by Bigrod40 on :
360 Million already in two minutes...RECORD??
Posted by Boss1 on :
.0002
Posted by positivearn on :
could it be?
Posted by megahead34 on :
So let me make sure i understand. Once they do this buyback thing. Say i have 1,000,000 * .0001, that will turn to 100,000 * .001.
In addition to having the 100,000 shares, we will also get $900 debenture. We have the option on getting that cash in 5 years OR getting 90,000 shares of some other symbol trading at .001.
Do i have a clear understanding?
Posted by Mu Meson on :
quote:Originally posted by megahead34: So let me make sure i understand. Once they do this buyback thing. Say i have 1,000,000 * .0001, that will turn to 100,000 * .001.
In addition to having the 100,000 shares, we will also get $900 debenture. We have the option on getting that cash in 5 years OR getting 90,000 shares of some other symbol trading at .001.
Do i have a clear understanding?
No. This whole buyback scam is botched.
Posted by Mu Meson on :
Analysts Say Gold Prices Still Expected to Rise
By Tara Perkins 05 May 2006 at 09:12 AM EDT
TORONTO (CP) -- Investors who haven't bought gold have already missed much of the gains in the precious metal's soaring price, but numerous market observers claim the metal has not lost its shine yet.
Consumers and investors pushed demand for gold to a record level of $53.6 billion last year, fuelling the precious metal's price ever higher.
While investors on the sidelines have already missed a large price runup, many market observers claim the metal has not lost its shine yet.
Martin Murenbeeld, of M. Murenbeeld & Associates Inc., cites numerous reasons why ''the goldprice is likely to be in a bull market for some years to come.''
First of all, there is little new supply. Exploration waned during the 1990s as real goldprices fell sharply, and mine output is unlikely to rise significantly for years to come, Murenbeeld says.
But new production isn't the major factor influencing gold. While mines churn out about 2,500 tonnes per year, there are about 30,000 tonnes of gold sitting in central bank vaults, and 15 of those banks have agreed to limit gold sales, Murenbeeld says.
On the flip side, some central banks are rumoured to be looking at buying gold to diversify their assets. For example, only 1.2% of China's reserves are currently made up of gold.
At the same time, many economists expect the US dollar to decline. ''Historically, all else equal, the dollar price of gold rises as the dollar itself weakens,'' Murenbeeld says.
Finally, demand continues to expand.
Last year, demand for gold jewellery rose five per cent to 2,736 tonnes, industrial demand rose two per cent to 419 tonnes, and investment demand rose 26% to 600 tonnes, according to the World Gold Council.
''The fourth quarter in particular saw substantial inflows of institutional investment into gold,'' the council stated. ''Investment in Exchange Traded Funds increased by 79 tonnes during Q4 alone and it is estimated that other institutional investment in the period approached 200 tonnes.''
Posted by amswap on :
quote:Originally posted by singledadandhappy: I am sooooooooooooooooooo confused. I hold 3000,000,000 what will I get on June 15th?
A bad headache. Possibly a small return on your investment as a long as it wasn't PAIM.
Posted by Mu Meson on :
We should eclipse the billion mark by noon...What do you guys think?
Posted by Mu Meson on :
HDSN has moved onto the bid at 0.0001.
HDSN has been shorting PAIM for months at .0001 but right now they are buying.
Do not sell at .0001. DO not sell to NITE.
Wait.
Posted by Mu Meson on :
Strong trading at .0002.
Do not sell.
Posted by AZ on :
hold hold hold
Posted by Mu Meson on :
NITE has bought 800M shares already today.
Do not sell to them.
Posted by positivearn on :
seems to me that most people are bailing at .0001...Doesn't have a chance to move...But they'll be the first people bashing...If they would just hold they can sell for a higher price...Me thinks there are a lot of people on the sidelines willing to chase...But when they see plenty of sales at .0001, they keep their money in their pockets!
Posted by ohio_trader on :
Who let the DAWG out ?
Posted by chris s on :
MAybe I am a bit confused about what is going on. Is there going to be a RS on this or is this an option to sell back to the company?
Posted by Mu Meson on :
NITE has bought 800M shares already today.
Do not sell to them.
Posted by ohio_trader on :
I have some morsels left over on this, made 300% 1st week of March on this....got the preferred, kept it in my novelty collection along with CWFG....lol
Who let the DAWG out????
Posted by pay up on :
Frank, you are wrong you said "1,000,000x.001=$1000 100,000x.001=$100+ a option to buy 90,000 shares for $900. So for the most part you are trading $1000 for $100 and a chance to buy stock at 10x the price"
1st of all the price is at .0001 so the 1,000,000 shares you have cost you $100.00, not $1,000. They becomes 100,000 at .001 which is still $100.00 worth. The only reason you would buy any shares from the debenture at .01 would be if the price actually got to .01. If that happened then your 100,000 shares would be worth $1,000.00 or 10x your original investment. You loose nothing.
Posted by pay up on :
the problem with this deal is that the price it's at now is the lowest we can trade it at. If 1,000,000 becomes 100,000 at .001 then the price can drop all the way back to .0001 making you 100 dollars $10.
Posted by positivearn on :
When this thing hits 3, then I'll be a true believer...From what I see, there are a lot of shares to go at 2...
Posted by cottonjim on :
If you think that there are going to be a ton of shares flying off the shelf at 2, I can't even imagine the stampede if it hits 3. I have already put my sell order in for 3 and will leave it open all day just in case.
Posted by positivearn on :
any thoughts?
Posted by letitrideboy on :
A "convertible debenture" is a type of business loan that leaves the lender the option of taking stock in the company instead of repayment.
In theory, the market price of a convertible debenture should never drop below its intrinsic value. The intrinsic value is simply the Number of Shares Being Converted at Par Value times the Current Market Price of Common Shares.
It is safer than preferred or common shares for the investor.
aight guys, they took out a loan to buy back stock, but then they turn around and pay off the loan WITH stock, lol so they will be putty the shares or a portion of the shares back out onto the market eventually. I guess. I will call my business banker monday to give me the Easy to understand explenation on the PR but ya. That's what I got so far. It's a business loan which they are using to buy back stock, which will push the price up then down the road they pay off the loan at a market value or whatever and of course they (whoever gave the loan) sell them back into the market to make their money.
Posted by positivearn on :
Who did they obtain the loan from?
Posted by letitrideboy on :
An Example Convertible Debt Deal
§ Market share price on date of close $2.10
§ $2 million in the form of a two-year fixed price Convertible Secured Note, which is convertible into common shares at $2.33 a share
§ Represents a premium to market of approximately 10%
§ The note carries interest of 1.75 percent above prime with a floor of six percent per annum
§ The Company can elect to pre-pay the note in cash
§ The investor was granted a warrant to purchase 125,000 shares common stock for a period of five years from the date of the transaction.
§ The per share exercise price of the warrant is $2.68 for 75,000 shares subject to the warrant, $2.91 for 35,000 shares, and $3.38 for 15,000 shares.
§ Market share Price 60 days post closing $2.30
of course this deal had no interest, but you get the idea, all the same except the interest
Posted by letitrideboy on :
Posted by letitrideboy on :
I was reading back, it seems like there is some confusion and some people thought they were getting a debenture or something. They took out a loan using a debenture to buy stock back from us. And then they will pay back the loaner with stock.
Posted by BongLoad on :
A company that issues debentures is basically saying this: "We are such big losers, we can't get any loans from banks or any money from even loan sharks."
Companies that issues debentures have a standard M.O. They issue them, collect the cash, file for bankruptcy, erase the debentures, start a new company, scam more people, so on and so forth...
Posted by amswap on :
quote:Originally posted by letitrideboy: I was reading back, it seems like there is some confusion and some people thought they were getting a debenture or something. They took out a loan using a debenture to buy stock back from us. And then they will pay back the loaner with stock.
How sad for that lender. I wish I had the luck to find people who wanted to just throw their money away like this.
Posted by letitrideboy on :
ok let me break it down some more as I understand it, somebody do the math for me though I am on my laptop at starbucks lol
27 billion shares they are buying back so ..... 27 billion X .0001 = the amount they are barrowing. now devide that number by .001 = the amount of shares that will be released back into the market when the people who loaned the money cash in.
Posted by letitrideboy on :
lol amswap agreed, eather the company they are barrowing from know some good news and in 5 years (is that no the time it cashes in?) the stock will be worth more than .001.... so I guess you could look at it as they are confident they will get some kind of gold in the next 5 years and be able to make money in five years buying at .001 and selling at the market value then. wow my brain is tired i hope all these posts I made make some sense to you guys and I hope i know what I am talking about lol i guess the key is when somebody does the math they will know how much they will be selling back into the market at that time. bye!! Time to go swimming!
Posted by Mu Meson on :
Massive dumping at 1
PAIM is now 0/2.
How wonderful
Posted by positivearn on :
I told ya...I was hoping to see 3...But I guess we never will
Posted by dkinvest on :
I think that they put out this PR saying how good of a deal it was - only to dilute more shares....they knew that volume would pickup after this PR was put out.
It will be interesting to watch the O/S rise in the next couple of weeks.
Posted by dkinvest on :
12:53pm today-
105 million shares were unloaded at .0001
Posted by dkinvest on :
quote:Originally posted by positivearn: I told ya...I was hoping to see 3...But I guess we never will
so much for short squeeze.
Posted by BongLoad on :
PAIM is the new Great Satan! (CWFG was until they got a new CEO and signed a new contract).
Posted by dkinvest on :
Any stock that is endlessly stuck at .0001 is Great Satan. CWFG is no exception.
Posted by Mu Meson on :
dkinvest is definitely the #1 expert in PAIM
Vol. today more than 5B shares. That doesnt even seem possible.
dkinvest explain.
Posted by rocco33 on :
ATTENTION PAIM SHARE HOLDERS: PAID BASHERS BE GONE!!!!!! If you have never seen this before, take a minute and read it. I'm not saying that the people's names in it are true, but the concept itself, definitely makes sense. You be the judge after you read it. Just ask yourself, could this really be happening? I absolutely believe that people bash for 1 or 2 reasons..... they either lost money on the stock or they are paid by someone else to BASH!!!! We all need to come together and refuse to sell our shares at a measly .0001. Don't let the bashers scare you, they are all full of crap. PAIM is going to EXPLODE!!!!!! We will see .0003 Monday if we want to. We have the power... we hold the shares and everybody else wants them because they know PAIM is a GOLD MINE!!!!! Let's make them pay for the shares instead of giving them away just to watch other people make lots and lots of money shortly on down the road! Enjoy the article below! GOOOOOOOO PAIM!!!!!!!!!!!!!
Could this be true?
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Confession here
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Confessions of a Paid Stock Basher
Following was posted on the PTII board, I thought I'll let u know that, make up your mind:
Begin:
Today I want to come clean about something I feel very badly about. I cannot undo some of the things I have done, but hopefully this message will prevent other such occurrences in the future.
I am a paid basher.
Yes, it is true. Today is my last day at this company; I'm moving on to a new job. I've realized that there are more dignifying jobs out there that can pay me equally as well. But before I go, I want to explain a few things because this just isn't right and I won't feel good about myself until I expose this sham. It's hurt too many people and I don't want it on my conscience anymore. I can no longer live with a lie.
I work for a company called Global Calumny Funds in Stamford, CT. Basically, it's a Boiler Room much like the one in the movie of the same name. The idea behind my group is to bash the price of a company's stock down low enough to where the group of investors who retained our company's services can buy the stock really cheap and perhaps even take it over all together.
There are approximately 70 people at the company divided into several groups. My group, consisting of 5 people, is responsible for IDWD. While I probably shouldn't give any names of anyone working here now, what the heck, I'm leaving here, so what can they do? sue me? Ha! I can tell you that laptoptrader and janice shell were part of my group until he left last week, as was ninaturtle. Others who have been part of this include early bashers like hard data and Investorman. You may be interested to know that some hypsters, such as MONEYMADE and even Datatech!!, have also been part of the scam (more on that later).
There are several companies engaged in the bashing business, ours is not the only one. However, I can tell you that not every basher in here is a paid basher. Having done this for a year, I can usually tell who is a paid basher and who is merely someone having a little fun. While unpaid bashers have a different motive than someone like me, they can be unwilling accomplices to helping me achieve my ultimate goal and they also spread rumor and confusion throughout a room, which also helps me.
What is that goal? Well, I am merely a cog in a much larger machine, so my bosses never really explained the big picture to me, but I'd say essentially, Shaddowwatch2oo3 was right. There are several companies who are quite familiar with Jim Bishop and Janice Shell and who are deathly afraid of them.
There are three types of bashers here at Global Calumny Funds: Advanced, Intermediate and Beginner. An Advanced-level basher (also known as a Silver Tongued Devil) would spread false or misleading information about the company. They would deal in facts, countering every longs post with articles, news reports and opinion surveys that gave a negative impression about the company.
An Intermediate-level basher (also known as a Serpent) would try to weasel their way into the confidence of longs and create doubt using rumor or innuendo.
Finally, a Beginner-level basher (also known as a Pitchfork) would attempt to create confusion in the room by distracting other posters with satire, name calling and pointless arguments. The idea was to make sure no serious discussion of the stock could take place. A Pitchfork was usually a basher, but not always. Sometimes, we would throw in a hypster Pitchfork such as MONEYMADE and laptop and a pumper like Datatech to create the illusion of an argument going on. What was really funny (in a perverse way, I guess) was that Datatech and I sat next to each other, laughing the whole time.
I was a Serpent basher, because I am known for effective bashing based on solid facts and truth. I was paid a base wage of $18 an hour for my services. I was given a $1.25 bonus for every decent quality post over 100 per day as well as a monthly bonus of $100 for every penny the stock had dropped from the previous month. I was also paid a bonus for bashing on weekends. While this may not sound like much, I made a decent, though dishonorable, paycheck plus a nice Laptop with free wireless internet connection.
Each of us sat in a small half-cubicle in a cluster with our teammates. Each group (usually five people) was made of three beginners (two who would bash and one who would hype), one intermediate and one advanced level basher. Occasionally for some of the hotter stocks, one of the beginners would be replaced by an intermediate depending on how much the stock was rising. IDWD was a low-level stock, meaning it got the 3-1-1 configuration.
Honestly though, somehow, I get the feeling that WV Hillbilly may have worked for a basher company or knows someone who does because the fund websites he occasionally posts is eerily similar to our employer's websites. While not exact, I'd say it is about 90 percent the same. We do have certain rules that we follow.
First, we have to develop a character and stay within that character in order to build a "following." My character, "FogOfWar," was a humorous, sarcastic, obnoxious supporter of free speech and loved to portray himself as a truth-telling superhero, but only when it came to bashers.
Next, we had to follow certain guidelines on what we could say. We were urged to have an "answer" to every long's question, but we were to frame that answer in a way that ridiculed the questioner for asking such a question. However, we were never to use profanity or vulgarity because that would cause people to ignore us. We were to make fun of people, but in a civil way. The idea was to get "play," i.e. reaction from other posters. The more play we got, the more the room would be disrupted. Ignored posters get no play. One exception would be the hypsters since they were "defending" the stock against our onslaught, they got a little more leeway. People would side with the hypster because they thought he was real since he appeared to be on their side, but was really on ours, setting us up to disrupt the room. MoneyMade was quite good at this and gets paid very well.
I've worked on IDWD, VLO, AGII, QBID, BKMP for a few months now. In addition to the FogOfWar alias, I've used a few others on several other boards as well. I've used so many aliases that I can not remember the monikers or the passwords. I honestly lost track of everything. I stuck with FogOfWar because it was the one that got the most play from other posters.
In closing, I feel absolutely terrible about this. It's just awful how I've been part of a scam designed to cheat honest, hard-working people out of their investments all for the benefit of a few wealthy people who already have enough money to last a lifetime.
These greedy people MUST be stopped. That's why I'm posting this before I leave. I want to make up for some of the damage I've done. I can't live with this lie anymore. You can't imagine how hard it is to look at myself in the mirror each morning knowing my job is to cheat and lie.
I have to go now, I'm too broken up to continue. I hope this confession can make up for my sordid deeds; I would urge everyone who reads this to inform as many people as you can. Only by shining the light of truth can we drive these rats back into the darkness from whence they came. Believe me, they don't want publicity.
Good luck and I hope all of you the best in your investment endeavors.
5 out of 54 out of 53 out of 52 out of 51 out of 5
# of Ratings = 20 | Rating = 4.9/5
Posted by BuyTex on :
LOL, hoax from I-hub, in which FoW re-wrote an Internet-famous earlier hoax.
quote:There are three types of bashers here at Global Calumny Funds:
look up calumny
wheee.......amazing how these things recycle...
(btw, in the original? the acronym for the trading firm spells F-A-K-E )
[ May 05, 2006, 19:33: Message edited by: BuyTex ]
Posted by letitrideboy on :
lol i know. Sheesh.
Posted by TickTrader on :
letitrideboy, my brain can't get from a to z on this thing. If I take the PR 'at face value' then there is no loan and PAIM is issuing notes (debentures) not warrants. I understand warrants, though. That would be too easy and we can't have that. Here's the thing (doing a little cut and paste from PR)...
"As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest. Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares."
Now, EVERYONE PLEASE!!! correct the flaws in my thinking here, because I am in big on this and going in bigger if I can get more at 1 (before and after this 'event' occurs)...
Example...
I own 1,000,000 sh at .0001 = $100 pre-event.
On pay date, I own 100,000 sh + hold a note for $900 (if held for 5 years) = $910 if pps on record date is .0001.
>>> Which brings up another issue (don't ya love it?)... If the pps stays at .0001, would the 'removal' of 90% of shares result in a pps of .001 instead, same as a RS?
Moving on... The way I see it, you only lose if you convert the debenture (note) before maturity, effectively giving yourself a reverse split. If the pps goes way up, peeps would be entering the market at their own timing, not dumping all at once, and a self-inflicted RS may be financially beneficial compared to ONLY $900. Does anyone else see the irony in this? And, if I convert on the market, PAIM doesn't have to pay the $900 after 5 years.
Let's see, another question... How do short postitions factor into this? Do they shell out the $900 face value of the note... get a UOme $900 instead of an IOU $900?
So, I'm thinking (which isn't necessarily a good thing in itself) that I don't lose a thing, especially if pps goes to .001 on fewer shares - I would have 100K at .001 = $100 (original investment) + note for $900.
OK, open to all opines on this...
Posted by letitrideboy on :
hmm I head read the PR yesterday and I hadn't seen where they said anything about the shareholders taking a note or a debenture them selves, I just remember them using a debenture for money to buy back shares! I shall go back and read it hm
Posted by letitrideboy on :
hmm wow I guess I had read a cut out of somebody else and didn't see that part of the PR. Just sounds like funk! The only way I think you will pay off is if anytime in that five years the stock goes above .001, in which case you could cash it in and have a good sell at whatever market was. But question being, are they doing this to reduce the shares....and then use shares to pay for things and flood the market while you are holdin the note...then if the stock never goes above .001 if I am not mistaken you would convert at a loss, which would keep you from ever converting? My brain hurts now
Posted by letitrideboy on :
ok, I have no clue to tired lol
Posted by TickTrader on :
Yea, I think I'll sleep on this, but still going to look for more 1 shares tomorrow. (lol, edit that - Monday - how's that for excitement, pinks on Saturday?)
Honestly... peeps have been screaming dilution on this one from day one, but I know exactly what that volume activity is, and there are fewer and fewer MMs tossing the hot potatoes.
Posted by BuyTex on :
TT, respect your forthright query. It's plain you're actually trying to figure the angles. In that light, let's say I'm also a business owner. True, you don't know me, other than my nick on a message board. But still, I'd like you to lend me $900, and I'll pay you back in five years. Really... no interest, but I'll pay you back...
As a business deal, wouldn't you be better off putting that dough in a CD or savings account? I mean, if you wanna help me out, that's great. But as a business deal .... ?
You ask, "would the 'removal' of 90% of shares result in a pps of .001....? "
Why would it? True, in a properly executed r/s, pps gets adjusted. May not stay at adjusted level very long, but it does get adjusted. In this case, the question essentially is, "Will 'locking up' those shares reduce the float?" I think I'm following...
But then I must ask, well, why would it? It's hard to sell now, right? I mean, aren't they effectively locked-up now? If you put 90% in a shoe-box, how does that "empower" your other 10% ?
On the flip side, given that the company has unlimitted authorized shares, what's to prevent more hitting the market?
make sense?
Ask yourself these questions:
1) has the CEO or company *ever* done anything to inspire confidence?
2) can anyone explain the mechanics of shorting something at .0001?
3) given an international "track-record," why would a company elect to charter in Wyoming--because of the unlimitted authorized shares, maybe?
best wishes,
-- tex
Posted by TickTrader on :
Buytex, all the zeroes on pinksheets are making me nuts - gonna go maul a brown bear after supper.
I'll strike an interest-free contract with any business owner that wants to borrow $90 now and pay $900 in 5 years. So, how much you need?
Yes, my pps scenario is in an imaginary world where MMs don't exist in their current state. Just hypothecating the effect of notes on pps. I like your terminology - 'empowered 10%'.
Why does the unlimited AS draw so much heat? Issued and outstanding is important, float (and ratio to O/S) is really all I watch. Companies use restricted shares to secure loans and services - shares that may never make it to the market, may never be part of the float. All companies do it, not just pinks. And I would expect increased shares (float) from PAIM before they are on their feet. To think any differently would be like giving a starving guy a credit card and telling him he can't use it to buy food. I'm willing to extend trust for sound fiscal management on their part (ex: let's not have a block party on that credit card).
Anyway, I appreciate your input on this. Need food and then gotta go find that bear.
Posted by Bigrod40 on :
From Millionaires website:
PAIM has updated thier Website STATEMENTS OF INCOME AND RETAINED EARNINGS FOR THE NEXT FIVE YEARS IS THERE. They have a five year plan, and if followed this company could be worth big bucks? Maybe these debentures are a gold mine themselves, for the people who have the patience to hold. http://www.pearlasianmining.com Posted by Mu Meson on :
I wish Pearl would just dig for gold. That sounds fun to me, better than my job. If they mined even 1 ounce of fine gold this stock would head up, way up.
Whatever fancy split scam they pull on their stock it will always be shorted down to 0.0001 instantly. In the past year, they have done 2 forward splits and 1 reverse. Each split resulted in the great pps of 0.0001. These guys need to take a break. If its dumping shares they want to do, why dont they just issue gold mining prs? They can go ahead and lie or whatever, who is really going to check? Then we can head up.
Pearl,
these botched splits and divies are never going to work. Find gold now. You have all of our permission here on allstox to lie. We know your heart is clean and in the right place. Issue gold prs now. Lie if you need to.
Posted by TickTrader on :
Excellent point, Mu, and totally agree (except for allowing lies). PAIM did release drill test results, though, but not my bailiwick (meaning I don't know how to interpret the data).
Did you know that an afternoon's work, a gold pan, and an Alaskan creek will yield gold? It's always good summer fun for the kids, too. They come home with a vial of gold flakes and nuggets, show it off, then throw the vial in their room somewhere. My first week in Alaska, went fishing at a nearby creek and picked up a visible gold nugget (about 1/2 inch rounded). I would imagine this is still possible in the lower 48, if govt regs don't prevent it.
There's some hurdles, though. First, you have to be able to buy the goldpan. Second, you need transportation to the source. Third, you need permissions or rights. The larger the scale, the more difficult the hurdles.
I know there is gold in the Philippines, and I'm betting on the local company versus the larger foreign companies to make it happen. There's a lot of hurdles in that country - and because of bandits, the overlooked metals still make this attractive.
More Alaskan factoid... Years ago, a fine man was murdered, leaving behind 9 children. He trusted a few peeps enough to show them his bag of gold nuggets. I'm sure you can figure out the details and possibly see why I mention it.
Posted by BuyTex on :
lol, no lies. One presumes Mu is kidding--obviously, condoning another's lies bring the condoner's own integrity iinto question...
quote:Why does the unlimited AS draw so much heat?
Infinite AS ---> infinite OS ---> infinite float
Posted by TickTrader on :
BuyTex, does that scare you away from this stock? For now, it's still 30B - peeps had fun throwing the preferred trillions count into that, but the common is still 30B.
Out of control O/S or float would definately be the stupidest move this company could make, now or later. It's hard to hide, though, and I would be the first out the fire exit. That's why I maintain that I'm willing to extend trust (once) for sound fiscal management.
Geez, I'm starting to sound like a pumper even to myself. That's not my intention - an investor first, a trader second. I sure would like to know if anyone has experience with another stock offering cds and how it affected trading afterwards.
Posted by BuyTex on :
unlimitted A/S? lol, it's terrifying... Also, what makes you think the OS is 30b? There's no way to really know, right?
Posted by Mu Meson on :
quote:Originally posted by BuyTex: unlimitted A/S? lol, it's terrifying... Also, what makes you think the OS is 30b? There's no way to really know, right?
One can contact the TA to get the current OS.
Ive tried.
But it doesnt matter bcs. the pps will remain 0.0001.
What I was saying before is that pearl should just make up fictional prs like all pinks do. Pearl needs to make up gold. What would they do to her?
Posted by BuyTex on :
Mu, you've tried to reach Kolt? (Colt?)
What makes you think she isn't issuing fiction already?
Posted by TickTrader on :
Oh, what the heck - in for a penny, in for a pound.
Buytex, here's a link to a letter that will help explain the mechanics of CEBEs on a .0001 stock. It would make a long post, but worth the read. The damage is done on PAIM, but the cycle is self-promulgating.
And Mu, I agree. WalMart crystal ball says PAIM's pps will stay .0001 until they show off that gold or go insolvent - cd or no cd.
Posted by BuyTex on :
Tick, I kinda follow it...he *does* ramble on, doesn't he? Anyway, doesn't apply to pennies, if he's talking about traders. And even with non-pennies, a trader would have to be in collusion with a broker willing to go along with such a scheme. Otherwise, the sale would simply a normal short, with the trader accountable for the shares the broker borrowed on the trader's behalf.
Posted by TickTrader on :
ditto on that ramble...
It does a good job of explaining the mechanics and the cyclic nature, though - better than I can. It applies to all stocks, all exchanges. How does a trader (retail) naked short any stock? Our 'saviors' (sp?) are MMs/brokers. Once the mechanics are understood, these sub-pennies become transparent.
You know something is broken when the sho list grows daily, and that's on fully reporting companies. I was glad to see that SEC ruling making last-in the first-out the only acceptable accounting practice. If it takes 5 days to make the list and 5 days to leave the list, then there shouldn't be so many that come off one day and back on two days later. That ruling should help.
Posted by rocco33 on :
Wow, how is it that you all keep going back and forth about the OS for this company? BASH BASH BASH..... you are all doing a great job! Check out the Issuer Information Statement for the current OS for PAIM ot this link. http://www.pinksheets.com/quote/finance.jsp?symbol=PAIM
Happy bashing........... and GOOOOOOOO PAIM!!!!!!!!
Posted by BuyTex on :
dang it: caught red-handed! and by the same guy who posted the fake basher hoax...
You're right, rocco, I was bashing in hopes of driving the pps down to grab some *really* cheap shares...
Posted by TickTrader on :
rocco33, that was rather generic of you. This 'you all' owns PAIM. This 'you all' is buying more PAIM - this week and after this PR'd cd event. This 'you all' appreciates all opinions, even yours 'you all'. You 'you all' misunderstand our 'you all' conversation.
Opposing opinion gives me 'you all' avenues to research, even your 'you all' post - except that I 'you all' already have that info.
Wow, how is it that you all keep going back and forth about the OS for this company?
Buytex 'you all' is referring to the current A/S, not the current O/S. Buytex 'you all' is pointing out that the current A/S could become the current O/S in the future. I 'you all' have credit cards with no limit. I 'you all' would be bleeding all over the floor if a moment of irresponsibility kicked in. The current A/S is one point where my 'you all' personal experience may be skewing my 'you all' judgment. However, as previously stated, I 'you all' will extend trust (once) for PAIM's sound fiscal management.
Now, go back a page and read my 'you all' query and see if you 'you all' can shed any light on the subject. Don't come in here and call us 'you all' bashers! Bring something to the table!
Posted by TickTrader on :
Mu!!! Sorry I 'you all' left you 'you all' out of that. You 'you all' are the realist here.
Posted by rocco33 on :
Ticktrader... touché!
Posted by Skyman on :
The plural for "you all" is "all yall".
Posted by TickTrader on :
lol, skyman. I knew you had to be from GA before I looked at your info! Lots of relatives in Valdosta.
Posted by rocco33 on :
PAIM ALERT $0.0015 price target www.********************.com The SouthEnd Stock Pickers helps investors win at investing on the merits of radically original thinking and an unbeatable track record of picking stocks with huge potential. We're here for you with commonsense,the big ideas,and little inspiration to turn your portfolio into a monster performer.We've brought you GTE,GOOG,SIRI,PTSC,JDSU,HISC,and others you've made a killing on! If it doesn't make commonsense,it makes no sense to us or you. Bookmark this page NOW for update picks!
AT ********************, we're focusing solely on undervalued Nasdaq stocks that we feel will return potential profits of 500%+ in 1 to 3 weeks.
We feel this stock pick is very UNDERVALUED! This Company is a SLEEPING GIANT ready to be AWOKEN.
I saw this on IHUB and thought you all might like it!!! I believe that PAIM is here to stay and that anyone who owns shares is gonna make A LOT OF MONEY!!!! PAIM is going to blast off today! GOOOOOOO PAIM!!!!!!!!!!!!!!!!!!
Posted by rocco33 on :
that's weird. I have no idea why that happened to the web address. Here it is again. www.********************.com I am going to be rich..... YAHOOOOO!!!!!!!!!!!!!!!!!!!!!!!!
Posted by rocco33 on :
Well just put a www. in front of ******************** and a .com at the end!!!! GOOOOOO PAIM!!!!!!!!!!!!!!!
Posted by rocco33 on :
That's it! I give up on the web site! I'm sure that with the name of the company..... you are all resourceful enough to figure it out on your own! PAIM shareholders.... GOOD LUCK.... and I'll see you in a few days and we can swap stories on how many thousands and thousands of dollars we are making!!!!!!!!!!!!!!!!!
Posted by tarq3 on :
the website is ******************** dot com. Of course replace the dot with a "." and you will have it. Not a bad site for what ever it is worth they did DDSI last week and got that up about 5 ticks. so lets sEE whatthey can do on PAIM
Posted by tarq3 on :
south end stockpickers dot com is the site. Take the spaces out and you got it
Posted by rocco33 on :
The bid and ask sizes are the same!!!! The volume isn't moving that fast because no one is willing to sell at .0001!!!! Once the trades start moving at .0002 the ask will go to three!!!!!!!!!!!! Everyone hold tight.... today is gonna be a GOOD day!!!! In my opinion.... if you don't own any shares of this stock.... you might want to pick some up now, because the price is only gonna go up and up and up from here!!!!!!!! GOOOOOOOOO PAIM!!!!!!!!!!!!!
Posted by Mu Meson on :
PAIM is a solid 1/2 this morning.
Thank god.
Posted by Thomas Mick on :
I'm waiting for 4/5.
Posted by Mu Meson on :
Richard Russell wrote in his Dow Theory Letters on Friday night: "Get this -- I figure between the still-hedged gold mines and the Commercials, the short position in gold is roughly at an astounding total of $50 billion. What we are witnessing could be a classic short squeeze where even the Commercials are caught and can't get out without huge losses...Gold's rise appears relentless, but if you buy, buy strictly long-term, because sooner or later gold must correct. The shorts are waiting, but going broke while they wait."
Posted by Vagabond on :
Pretty easy to buy PAIM at .0001 now!
Vagabond
Posted by Mu Meson on :
I found this today on a Hong Kong financial web site.
I dont know why it hasnt been put out in the US yet.
PASIG CITY, Philippines, May 08, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries (OTC:PAIM) releases the summary
report on initial gold and silver test production from the XYZ Gold Mines Site Mineral Deposits.
Test gold (Au) and silver (Ag) production has recently commenced on schedule at the Pearl Asian Mining Industries XYZ Gold
Mine on the Island of Masbate, Philippines. It has been previously reported that the present Geologic Resource of XYZ Gold
Mine is about 1.5 million tons at a grade of 3.04 g/t-Gold (AU) and 19.96 g/t-Silver (AG). PAIM's team interpretation or
projection as to mineable resource (projected to be mined or extracted) is about 446,592 tons at a grade of 5.13 g/t-Gold
and 31.14 g/t-Silver. The mineable resources are categorized into low grade source of about 120,000 tons at a grade of 1.84
g/t (grams per ton)-Au (Gold) and 14.50 g/t (grams per ton)-Ag (Silver). The high grade source of about 326,592 tons at a
grade of 6.34 g/t-Au; 37.24 g/t-Ag.
Starting in late April 2006 small scale test gold mining and processing has been successfully completed in Tunnel 3 where the highest grade ore assayed at 94.20 g/ton is found. Approx. 5 tonnes of gold bearing ore were removed using air-hammers and transported by hand to the Company's small scale processing center nearby. These ores were processed by heap leaching
C-I-L and ELSA methods. The initial results of the processing are 237.8 ounces of raw gold bullion (approx. 93% Au) and 1038.2 ounces of raw silver bullion and a lower purity. At recent spot gold prices of $650 USD/ounce the 6 bars of raw gold bullion (approx. 93% Au) are worth $143,750.1 USD. These 6 bars of raw gold bullion (approx. 93% Au) will be sold very shortly at a branch of a japanese bank in Manila, the proceeds to be used to fund an expansion of mining production at the XYZ mine.
The very concentrated gold ore from Tunnel 3 came from a newly discovered gold mineralized "vug" (GMV) quartzite in composition with heavy sulfide inclusions as well as obvious gold mineralization. Many multi-gram gold nuggets have been found in the GMV. The GVM is a cylindrical structure and extends downward into the mine at approx. 30 deg. for at least 7m showing gold mineralizations at least to that depth. This GMV in Tunnel 3 will be the first target of the expanded mining production to begin this summer.
The XYZ Operation Gold Finger located in the Town of Baleno, Island of Masbate, Philippines, shows the following high-grade
gold ores.
O GOLD SILVER COPPER REHABILITATE SAMPLE (GPT) (PPM) (PPM) 2006 ---------------------------------------------------------------------- Tunnel 4 IR 0.31 g 1.99 8.59 TBD ---------------------------------------------------------------------- Tunnel 4 2R 0.96 g 7.96 93.84 TBD ---------------------------------------------------------------------- Tunnel 4 7R 0.57 g 4.71 9.24 TBD ---------------------------------------------------------------------- Tunnel 3 2R 94.20 g 608.28 103.09 YES ---------------------------------------------------------------------- Tunnel 3 3R 49.44 g 242.57 25.56 YES ---------------------------------------------------------------------- Tunnel 3 5R 37.36 g 17.46 12.62 YES ---------------------------------------------------------------------- XYZ-GA 3R 8.57 g 17.46 12.62 TBD ---------------------------------------------------------------------- XYZ GA 4R 3.97 g 48.59 27.54 TBD ---------------------------------------------------------------------- XYZ GA 022 5.51 g 12.50 6.45 TBD ---------------------------------------------------------------------- XYZ AG 027 2.10 g 20.51 76.96 TBD ----------------------------------------------------------------------
Forward-Looking Statements
This news release may contain forward-looking statements concerning the Company's business and future prospects and other
similar statements that do not concern matters of historical fact. This forward-looking statement is based on the Company's
current expectations. There are numerous factors that could cause results to differ and the Company's current expectations
are subject to all of the uncertainties and risks customarily associated with developing business ventures. The Company's
actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on
forward-looking statements contained in this release. The Company disclaims any intent or obligation to update publicly
these forward-looking statements, whether as a result of new information.
SOURCE: Pearl Asian Mining Industries Inc.
CONTACT: Pearl Asian Mining Industries Inc. USA: E. Pearl Asian, 650-814-3268 877-317-4430 (fax) IR*PearlAsianMining.com www.PearlAsianMining.com or Philippines: Investor Relations, +63-2-490-0140 +63-2-490-0144 (fax)
Copyright Business Wire 2006
-0-
KEYWORD: Philippines Asia Pacific INDUSTRY KEYWORD: Natural Resources Mining/Minerals Other Natural Resources
Posted by Bigrod40 on :
If true, I smell a MOTHERLODE!!!!!
Posted by ruthie on :
very interesting read Mu Meson...
Posted by rocco33 on :
This would explain today’s trading, in my opinion! If the press release was released in Hong Kong….. then that would mean people in Asia were buying all they could at .0001, and in the meantime, everybody here in the states was getting worried seeing the huge trades at .0001 and started dumping again, just trying to get out. So, if you are longs as I am……….. WE ARE GONNA MAKE MASS AMOUNTS OF MONEY!!!!!! This of course is just my opinion. GOOOOOOOOO PAIM!!!!!!!!!!!!!!
Posted by rocco33 on :
Mu, have you got a link to that site where you found the press release? Thanks in advance!
Posted by rocco33 on :
Ladies and Gentlemen...... our ship has now lifted off!!!! We are at .0002!!!! GOOOOOO PAIM!!!!!!!!!!
Posted by Bigrod40 on :
Look who thier pick is for today... Posted by Max Shrap on :
When does the "R/S" take place? Cuz that is gonna chop this baby down.
Posted by Bigrod40 on :
quote:Originally posted by Max Shrap: When does the "R/S" take place? Cuz that is gonna chop this baby down.
What R/S ??
Posted by Max Shrap on :
Oh... it's June 15, so there is time to flip and get out.
Posted by Max Shrap on :
As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest. Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares.
Only shareholders of record on June 1st will be entitled to convert 9 out of every 10 common shares on the exchange date of the 15th of June, 2006 for a debenture.
Posted by Bigrod40 on :
quote:Originally posted by Max Shrap: As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest. Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares.
Only shareholders of record on June 1st will be entitled to convert 9 out of every 10 common shares on the exchange date of the 15th of June, 2006 for a debenture.
Like I said "WHAT R/S???
Posted by weamins on :
What happens if we don't sell our common shares to PAIM?
What will be the value of our share?
Posted by Max Shrap on :
Losing 90 percent of your shares is a R/S.
Posted by dkinvest on :
quote:Originally posted by Max Shrap: Losing 90 percent of your shares is a R/S.
Losing 90 percent of your shares is like losing 90 percent of your azz...and you'll be lucky to get 90 percent of your azz back in 5 years via PAIM debentures.
Posted by rocco33 on :
Ladies and Gentlemen...... our ship has now lifted off!!!! We are at .0002!!!! GOOOOOO PAIM!!!!!!!!!!
Posted by dkinvest on :
quote:Originally posted by rocco33: Ladies and Gentlemen...... our ship has now lifted off!!!! We are at .0002!!!! GOOOOOO PAIM!!!!!!!!!!
WTF are you talking about?
Posted by TickTrader on :
Beat me to it bigrod.
All's well, dk's head is rolling again. Welcome back, dk.
BTW - when I'm finished accumulating I will be ordering certs - MMs/brokers can go short themselves.
Posted by Max Shrap on :
This thread is gonna be fun to watch after June 15th.
Posted by logical buyer on :
Anyone know when the restricted shares given out as a divy back in March will mature?
Posted by rocco33 on :
dk, I hit refresh and the next thing I know it's saying, "thanks for posting". Needless to say, it was an accident. It seems that the earth's gravitational pull was too much for us to escape the atmosphere today. That's alright... with a little extra fuel (press release) hopefully later today..... we should be able to break out and transition into light speed on a long and wonderful journey throughout the deepest parts of the galaxy ..... tomorrow morning!!!!
Posted by Pokey on :
********************
Invest With Confidence
The SouthEnd Stock Pickers helps investors win at investing on the merits of radically original thinking and an unbeatable track record of picking stocks with huge potential. We're here for you with commonsense,the big ideas,and little inspiration to turn your portfolio into a monster performer.We've brought you GTE,GOOG,SIRI,PTSC,JDSU,HISC,and others you've made a killing on! If it doesn't make commonsense,it makes no sense to us or you. Bookmark this page NOW for update picks!
AT ********************, we're focusing solely on undervalued Nasdaq stocks that we feel will return potential profits of 500%+ in 1 to 3 weeks.
We feel this stock pick is very UNDERVALUED! This Company is a SLEEPING GIANT ready to be AWOKEN.
$$ HOT PICK OF THE WEEK $$
Stock Alert! = Pearl Asian Mining Ticker Symbol = PAIM Sector: Basic Materials Industry: Gold Website = www.pearlasianmining.com Short Term Target Price = $0.0015 Disclosure = We Own Shares Recommendation = MEGA BONUS BUY !!!
Information To Consider
1.Pearl Asian is a developmental and pre-production stage gold mining company with mining interests and claims in the Philippines and Canada.
2. Pearl Asian Mining Industries, Inc. Will buy back approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture.
3.Pearl Asian Mining Industries Inc. (PAIM) SqueezeTrigger Price Is $0.00022
4.Pearl Asian Mining Industries, Inc. Starts Exclusive Mining Operation, Gold Purchasing & Mineral Processing Agreement With One of Mindanao's Local Tribes.
Copyright 2004 ********************. All rights reserved.
Disclaimer
The ******************** publishes unbiased research and has never been paid a fee by a company or an affiliate of a company to be featured on ********************. ******************** is an independent research company. This is not an offer to buy or sell securities. Information or opinions in this report are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. Companies mentioned herein carry a high investment risk; readers should carefully review the companies thoroughly with their registered investment advisor or registered stockbroker. We are not liable for any investment decisions by our readers. We encourage our readers to invest carefully and read the investor information available at the web sites of the U.S. Securities and Exchange Commission (SEC) at www.sec.gov and the National Association of Securities Dealers (NASD) at www.nasd.com. Posted by Max Shrap on :
South End Stock Pickers are misleading the investor. This is gonna be a train wreck.
Posted by BlindMellonChitlin on :
Train wreck? How about the Chernobyl of pennies....LOL
Posted by Max Shrap on :
Losing 90 percent of your shares?... I would go postal.
Posted by BlindMellonChitlin on :
What could be worse?...BK?...No! QBID....lol
Keep all your shares and lose 99.99999999999% of their value.
Posted by Max Shrap on :
QBID is Chernobyl... this is just an ugly, bloody crash.
Posted by rocco33 on :
Houston, we are going to have to get this thing off the ground.... and I mean fast! Hurry, the BASHERS are back..... ohhhhhhh nooooooooo! LMFAO!
Posted by Max Shrap on :
I'm not bashing this. What do I have to gain by bashing? It is already at .0001. I plan to play the runs on this thing later in the year, after the R/S, the thing comes back down to .0001, and they start actually getting the gold out of the ground.
Posted by Mu Meson on :
quote:Originally posted by Max Shrap: South End Stock Pickers are misleading the investor. This is gonna be a train wreck.
Max explain how this can get worse.
Signed,
Very Confused.
Posted by rocco33 on :
Mu Meson, can you provide a link to the press release you said you found on that Hong Kong financial site? Thanks, Rocco-
Posted by Max Shrap on :
Study almost ANY sub penny that does a R/S. You are gonna lose 90 percent of the shares you own, then short sellers are going to bottom this thing out again. Let's say you have 1 million shares at .0001, after the R/S you will temporarily have 100 thousand shares at .001. Shortsellers will bring it back down to .0001 and you will have 100 thousand shares at .0001. I am assuming you have more than a million shares, so multiply your loss by the number of millions you have. RVMO recently went thru this same routine. QBID is gonna DEVASTATE shareholders with a 10,000 to 1 R/S.
quote:Originally posted by Mu Meson:
quote:Originally posted by Max Shrap: South End Stock Pickers are misleading the investor. This is gonna be a train wreck.
Max explain how this can get worse.
Signed,
Very Confused.
Posted by BuyTex on :
Max,
you mention short-sellers:
quote:...then short sellers are going to bottom this thing out again. ...
who can short this?
Posted by Max Shrap on :
I just wanna let you know that this stock is on my radar. If the gold is real, once they clear up the structure with this R/S, it may run nicely on some good PR. I just think you gotta stay away from this thing until after the R/S and it bottoms out again. Anything before then is a dangerous gamble, IMHO.
Posted by Max Shrap on :
Who shorts ANY sub penny?
quote:Originally posted by BuyTex: Max,
you mention short-sellers:
quote:...then short sellers are going to bottom this thing out again. ...
who can short this?
Posted by BuyTex on :
so you're saying MM's?
Posted by megahead34 on :
Mu Meson, can you send the link for that HK PR you found?
Posted by Max Shrap on :
Tex... do you have any experience with a R/S? You have to know how it works by now.
Posted by Max Shrap on :
The HK PR is old news. They released that info a month or two ago. They won't be ready to extract any of that gold 'til the end of the year. This is probably a 4th quarter play.
Posted by BuyTex on :
quote:Originally posted by Max Shrap: Tex... do you have any experience with a R/S? You have to know how it works by now.
not sure how we got here, from idea that shorts are involved...
Posted by imakmony2005 on :
lol
Posted by Max Shrap on :
It doesn't have to be an MM, all it takes is a couple panic sales to set off a chain reaction. You don't think a few people are gonna panic when they find that they have 90 percent fewer shares in their account?
Posted by cactus33 on :
southend is the sto..ster.. hilarious they chose paim..hahahha they dont give a rats arss about their investors, paim or southend buttpickers.. its a pump and dump website. i think they monitor allstocks for oppt's.. so far they've had OMOG, DDSI, and PAIM now.. within the last three weeks. all common threads here.. mmmmmm makes one think. who is runnin around here lookin for oppty's.. just strange
Posted by BuyTex on :
panic sell does not in any way shape form or fashion equate to "short sell"
Posted by cactus33 on :
you may see .0002 soon, if southend has any luck that is... they'll dump at .0002 with an easy double.. let me guess.. their was a lot of buying lately at .0001.. i hope paim mobsters get one over on these south end guys and dilute them to a loss.. heheheh.
Posted by Max Shrap on :
People panic, ask is at .001 and bid is at .0002. You can write the rest of the story.
Posted by BuyTex on :
quote:Originally posted by Max Shrap: People panic, ask is at .001 and bid is at .0002. You can write the rest of the story.
Max,
WTF *are* you talking about?
.001 x .002? this stock?
Posted by cactus33 on :
i think he's looking at goofy after hours bid and ask..thats always off.. all eod level 2 was .0001 and even lower.
Posted by BuyTex on :
C33, I'll buy the goofy part...
Posted by Max Shrap on :
Maybe not by the Stock Trader's definition, but IMO anybody who sells a stock for less than I think it is "worth," are selling it short. Maybe I should have been more clear about what I meant. Try to prove that ANYBODY is "short selling" stocks. It is all a guessing game. Whether it is a panic sale or an MM it all leads to the same result. And I can almost guarantee this stock will bottom out after the R/S, cuz there is not going to be any MEANINGFUL PRs until they have some revenues. And revenues won't be coming 'til next year.
quote:Originally posted by BuyTex: panic sell does not in any way shape form or fashion equate to "short sell"
Posted by BuyTex on :
Max explains:
[quote]Maybe not by the Stock Trader's definition, but IMO anybody who sells a stock for less than I think it is "worth," are selling it short.
OK...thanks for explaining that...
Posted by Max Shrap on :
Tex... I hope you are pretending to be ignorant. There are NO REVENUES TIL NEXT YEAR. What do you think the bid and the ask are going to be after the R/S? Panic sellers will be trying to get their .001 and buyers are going to be trying to shake some loose at .0002 or so. You can't tell me you are not familiar with this game.
quote:Originally posted by BuyTex:
quote:Originally posted by Max Shrap: People panic, ask is at .001 and bid is at .0002. You can write the rest of the story.
Max,
WTF *are* you talking about?
.001 x .002? this stock?
Posted by BuyTex on :
Max, still asking about what r/s? Are you talking about the PR wherein shareholders are invited to buy debentures?
And, NO, I'm not pretending. I'm not smart enough to see a play here. Hence, my questions...
Posted by Max Shrap on :
Dude, they are reducing the O/S from 27 billion to 3 billion over the course of 15 days without any money. Have you EVER heard of a company with NO MONEY buying 27 billion shares? BKMP is buying 2 billion over 2 years. Do you REALLY think you are gonna hold onto your 50 million shares? READ THE FRIGGIN PR.
Posted by Bigrod40 on :
GET A LIFE MAX.... If your a shareholder, SELL and move on, Life is to short. If your not a shareholder, BUY and enjoy the profits about to come, Life is to short.
Posted by BuyTex on :
Max,
again--WTF are you talking about?
There is neither "reverse split" nor O/S reduction. The company is asking shareholders to lend it money to put shares in a safe and not trade them...
No O/S reduction likely, given A/S...
By the way, BKMP (Sandy) is related...as well as Mario Pino's "consultancy" with PYCT, which PAIM allegedly is part owner...
Posted by Max Shrap on :
Bigrod.... do you really think you are going to profit from this thing before the R/S? I am not a hostile dude. I just wanna see you lay out how you think it is all going to go down. I promise not to laugh.
Posted by Max Shrap on :
MANILA, Philippines--(BUSINESS WIRE)--May 4, 2006--Pearl Asian Mining Industries, Inc. (OTC: PAIM - News) will buy back approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture.
quote:Originally posted by BuyTex: Max,
again--WTF are you talking about?
There is neither "reverse split" nor O/S reduction. The company is asking shareholders to lend it money to put shares in a safe and not trade them...
No O/S reduction likely, given A/S...
By the way, BKMP (Sandy) is related...as well as Mario Pino's "consultancy" with PYCT, which PAIM allegedly is part owner...
Posted by Max Shrap on :
Alright I'm done. Hey, maybe I'm wrong, I hope I am. We'll see what happens after June 15th.
Posted by BuyTex on :
quote:Originally posted by Max Shrap: Alright I'm done. Hey, maybe I'm wrong, I hope I am. We'll see what happens after June 15th.
Max,
maybe you're right, maybe you're wrong...
vice versa
The thing is? I *still* have no clue what you were saying...
best,
-- tex
Posted by Max Shrap on :
No problem man. Good Luck.
quote:Originally posted by BuyTex:
quote:Originally posted by Max Shrap: Alright I'm done. Hey, maybe I'm wrong, I hope I am. We'll see what happens after June 15th.
Max,
maybe you're right, maybe you're wrong...
vice versa
The thing is? I *still* have no clue what you were saying...
best,
-- tex
Posted by TickTrader on :
Well, I was going to go back to page 1 and read through this entire thread. My intention was to see if Mu's posted PR was in fact released earlier as Max claims.
What I found... O I C ... was Max's incessant posts misrepresenting numbers and facts. Looks like you may be wrong again, Max, but keep the fires burning until I'm finished accumulating at 1. TIA
Okay, Mu, I'll go surfing tonight to find where you got it. Looks like you're gonna clam on this.
Posted by Max Shrap on :
If you look at the preferred shares divi, there are 30 trillion shares and they are pretty much worthless (as I predicted). And the pps is still .0001. People were planning on buying Lambos and small countries with their profits. Sniper was pumping this like it was Google, now he's even bashing it. I hope this thing makes you rich. I am not a hater. I just don't think anything is gonna happen until AFTER June 15th. I plan to play this stock toward the end of the year. Good Luck. I will have fun watching what happens, no matter what happens.
quote:Originally posted by TickTrader: Well, I was going to go back to page 1 and read through this entire thread. My intention was to see if Mu's posted PR was in fact released earlier as Max claims.
What I found... O I C ... was Max's incessant posts misrepresenting numbers and facts. Looks like you may be wrong again, Max, but keep the fires burning until I'm finished accumulating at 1. TIA
Okay, Mu, I'll go surfing tonight to find where you got it. Looks like you're gonna clam on this.
Posted by TickTrader on :
Max, you are either intentionally misrepresenting the events related to this stock or simply think you understand and... what?
Everyone has favorite picks, sour on others, burnt on some and went to bank on some. It's amazing how one trader-type will oppose a different trader-type, even when the same stock will suit their individual styles. Does it depend on what book you read? Who's your daddy type-of-thing? I never read a book on trading, most of the ADVICE available is total horse manure, and I learn something new every day (like this situation with the cds).
Yes, even on allstocks, I view some of the newbie help as less than helpful... UNLESS that is how you want to trade. Whether you daytrade, short-term, long-term, flip, etc, it doesn't make another person's efforts WORTHLESS.
When you extol the misgivings of your 'perceived R/S', why do you fail to mention the $900 cd exchanged for each 900K shares which are currently worth $90?
And why do you think this company has no value because they have no revenue yet? Do you consider mining rights an asset, or worthless, too? Tell that to holding company CEOs that have never seen the business end of a shovel. Heck, tell that to my bank that sells riverfront property and keeps the oil and mineral rights for themselves.
Look, I really don't care if you are here to save everyone from doom or not, but try not to slur the facts any more than they already are. When/if this stock picks up, come back and play it however you want. If you limit your trades to one style, and it isn't long-term, this stock is not ready for you. This is extremely high-risk long-term, but not for the reasons you are throwing around.
Good luck in all of your endeavors, Max.
Posted by TickTrader on :
Mu, throw me a bone, spare a hint, can I ask 20 questions? I added tons of great dd, but still didn't find that article.
Posted by Mu Meson on :
quote:Originally posted by TickTrader: Mu, throw me a bone, spare a hint, can I ask 20 questions? I added tons of great dd, but still didn't find that article.
Ill repost the pr later. I lost the web site bcs. it was all chinese other than the pr. I went golfing and when I came back my computer had crashed. Thats all I know. People say though that its not much gold yet. They want millions of ounces which wont come until next year.
Posted by megahead34 on :
Volume is insane in just 20 mins.
Posted by TickTrader on :
quote:Originally posted by Mu Meson: Ill repost the pr later. I lost the web site bcs. it was all chinese other than the pr. I went golfing and when I came back my computer had crashed. Thats all I know. People say though that its not much gold yet. They want millions of ounces which wont come until next year.
TIA, Mu.
Posted by dkinvest on :
quote:Originally posted by megahead34: Volume is insane in just 20 mins.
ya, and this POS is still at .0001
Posted by Mu Meson on :
I found this on a Hong Kong financial web site. Most of the web page was in Chinese.
I dont know why it hasnt been put out in the US yet.
PASIG CITY, Philippines, May 08, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries (OTC:PAIM) releases the summary report on initial gold and silver test production from the XYZ Gold Mines Site Mineral Deposits.
Test gold (Au) and silver (Ag) production has recently commenced on schedule at the Pearl Asian Mining Industries XYZ Gold Mine on the Island of Masbate, Philippines. It has been previously reported that the present Geologic Resource of XYZ old Mine is about 1.5 million tons at a grade of 3.04 g/t-Gold (AU) and 19.96 g/t-Silver (AG). PAIM's team interpretation or projection as to mineable resource (projected to be mined or extracted) is about 446,592 tons at a grade of 5.13 g/t-Gold and 31.14 g/t-Silver. The mineable resources are categorized into low grade source of about 120,000 tons at a grade of 1.84 g/t (grams per ton)-Au (Gold) and 14.50 g/t (grams per ton)-Ag (Silver). The high grade source of about 326,592 tons at a grade of 6.34 g/t-Au; 37.24 g/t-Ag.
Starting in late April 2006 small scale test gold mining and processing has been successfully completed in Tunnel 3 where the highest grade ore assayed at 94.20 g/ton is found. Approx. 5 tonnes of gold bearing ore were removed using air-hammers and transported by hand to the Company's small scale processing center nearby. These ores were processed by heap leaching C-I-L and ELSA methods. The initial results of the processing are 237.8 ounces of raw gold bullion (approx. 93% Au) and 1038.2 ounces of raw silver bullion and a lower purity. At recent spot gold prices of $650 USD/ounce the 6 bars of raw gold bullion (approx. 93% Au) are worth $143,750.1 USD. These 6 bars of raw gold bullion (approx. 93% Au) will be sold very shortly at a branch of a Japanese bank in Manila, the proceeds to be used to fund an expansion of mining production at the XYZ mine.
The very concentrated gold ore from Tunnel 3 came from a newly discovered gold mineralized "vug" (GMV) quartzite in composition with heavy sulfide inclusions as well as obvious gold mineralization. Many multi-gram gold nuggets have been found in the GMV. The GVM is a cylindrical structure and extends downward into the mine at approx. 30 deg. for at least 7 meters showing gold mineralizations at least to that depth. This GMV in Tunnel 3 will be the first target of the expanded mining production to begin this summer.
The XYZ Operation Gold Finger located in the Town of Baleno, Island of Masbate, Philippines, shows the following high-grade gold ores.
O GOLD SILVER COPPER REHABILITATE SAMPLE (GPT) (PPM) (PPM) 2006 ---------------------------------------------------------------------- Tunnel 4 IR 0.31 g 1.99 8.59 TBD ---------------------------------------------------------------------- Tunnel 4 2R 0.96 g 7.96 93.84 TBD ---------------------------------------------------------------------- Tunnel 4 7R 0.57 g 4.71 9.24 TBD ---------------------------------------------------------------------- Tunnel 3 2R 94.20 g 608.28 103.09 YES ---------------------------------------------------------------------- Tunnel 3 3R 49.44 g 242.57 25.56 YES ---------------------------------------------------------------------- Tunnel 3 5R 37.36 g 17.46 12.62 YES ---------------------------------------------------------------------- XYZ-GA 3R 8.57 g 17.46 12.62 TBD ---------------------------------------------------------------------- XYZ GA 4R 3.97 g 48.59 27.54 TBD ---------------------------------------------------------------------- XYZ GA 022 5.51 g 12.50 6.45 TBD ---------------------------------------------------------------------- XYZ AG 027 2.10 g 20.51 76.96 TBD ----------------------------------------------------------------------
Forward-Looking Statements
This news release may contain forward-looking statements concerning the Company's business and future prospects and other similar statements that do not concern matters of historical fact. This forward-looking statement is based on the Company's current expectations. There are numerous factors that could cause results to differ and the Company's current expectations are subject to all of the uncertainties and risks customarily associated with developing business ventures. The Company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements contained in this release. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information.
SOURCE: Pearl Asian Mining Industries Inc.
CONTACT: Pearl Asian Mining Industries Inc. USA: E. Pearl Asian, 650-814-3268 877-317-4430 (fax) IR*PearlAsianMining.com www.PearlAsianMining.com or Philippines: Investor Relations, +63-2-490-0140 +63-2-490-0144 (fax)
Copyright Business Wire 2006
-0-
KEYWORD: Philippines Asia Pacific INDUSTRY KEYWORD: Natural Resources Mining/Minerals Other Natural Resources
Posted by dkinvest on :
Holy crap....PAIM is now ripping off chinese investors.............lol
Posted by megahead34 on :
NEW YORK (Reuters) - U.S. benchmark gold futures scaled a new 25-year high at $700 an ounce on Tuesday, boosted by relentless investor buying powered by geopolitical concerns and expectations of further price gains ahead, dealers said. By 11:30 a.m. EDT, June delivery gold on the New York Mercantile Exchange's COMEX division was up $20.10 or 2.9 percent at a session peak of $700, which marked the loftiest level for futures since September 1980.
Posted by dkinvest on :
Gold could be at $20,000/ounce today but it won't do jack for PAIM.
Posted by Raytrader on :
You're right DK!!! .......$20,000 an ounce sure wouldnt help any GOLD mine would it.......haha
nice try....Im still holdin as Ive done for a LONG time now
Posted by megahead34 on :
staying strong at .0002
Posted by dkinvest on :
quote:Originally posted by Raytrader: You're right DK!!! .......$20,000 an ounce sure wouldnt help any GOLD mine would it.......haha
nice try....Im still holdin as Ive done for a LONG time now
How many ounces of gold has PAIM extracted and sold my friend?
Posted by Raytrader on :
quote:Originally posted by dkinvest:
quote:Originally posted by Raytrader: You're right DK!!! .......$20,000 an ounce sure wouldnt help any GOLD mine would it.......haha
nice try....Im still holdin as Ive done for a LONG time now
How many ounces of gold has PAIM extracted and sold my friend?
Posted by dkinvest on :
Anyone been able to sell this chit at .0002?
Posted by Max Shrap on :
1st of all the $900 dollars is not payable until 5 years have passed. If you are COUNTING on ANY subpenny to be around in 5 years, you are a bit naive.
This thing only has as much value as stock buyers are willing to pay. NOBODY is gonna pay top pps for this stock until they actually see some revenues on the NEAR horizon. The gold is worthless in the ground. It becomes valuable when they have extracted it and sold it. That is not going to start happening til the end of the year.
I am not here to bash. I am just questioning this whole "27 billion share buy back" shenanigan that they are doing. I say it looks like a R/S. We will see after June 15th. I hope I am wrong.
quote:Originally posted by TickTrader:
When you extol the misgivings of your 'perceived R/S', why do you fail to mention the $900 cd exchanged for each 900K shares which are currently worth $90?
And why do you think this company has no value because they have no revenue yet? Do you consider mining rights an asset, or worthless, too? Tell that to holding company CEOs that have never seen the business end of a shovel. Heck, tell that to my bank that sells riverfront property and keeps the oil and mineral rights for themselves.
Look, I really don't care if you are here to save everyone from doom or not, but try not to slur the facts any more than they already are. When/if this stock picks up, come back and play it however you want. If you limit your trades to one style, and it isn't long-term, this stock is not ready for you. This is extremely high-risk long-term, but not for the reasons you are throwing around.
Good luck in all of your endeavors, Max.
Posted by megahead34 on :
wow, 38 million trade.
Posted by dkinvest on :
quote:Originally posted by dkinvest: Anyone been able to sell this chit at .0002?
Posted by dkinvest on :
1.4 Billion shares and this POS cannot move up....dilution at its finest.
Posted by TickTrader on :
lol, my bad...
The link, Mu, the link to this PR page. Would you post it for us? I'll beg if I have to, no pride.
PAIM management and their activities are not invisible.
And, Max, I realize you say you are not bashing, you are actually saving us from impending doom. OK, TIA. One more account needs some of this worthless gold, and then I promise not to hurt myself any more. BTW, and this is real... I may not be around in 5 years, either. All the more reason to properly distribute, manage, and protect my assets. Life does go on after lunch.
Posted by TickTrader on :
quote:Originally posted by dkinvest: How many ounces of gold has PAIM extracted and sold my friend?
That's exactly what I'm looking into. lol, PR in English on a Chinese website, and you think the company is scamming Chinese? Oh yeah, I like worthless silver, too. I don't know squat about the numbers, except for the one with a dollar sign in front of it.
from Mu's post...
"Starting in late April 2006 small scale test gold mining and processing has been successfully completed in Tunnel 3 where the highest grade ore assayed at 94.20 g/ton is found. Approx. 5 tonnes of gold bearing ore were removed using air-hammers and transported by hand to the Company's small scale processing center nearby. These ores were processed by heap leaching C-I-L and ELSA methods. The initial results of the processing are 237.8 ounces of raw gold bullion (approx. 93% Au) and 1038.2 ounces of raw silver bullion and a lower purity. At recent spot gold prices of $650 USD/ounce the 6 bars of raw gold bullion (approx. 93% Au) are worth $143,750.1 USD. These 6 bars of raw gold bullion (approx. 93% Au) will be sold very shortly at a branch of a Japanese bank in Manila, the proceeds to be used to fund an expansion of mining production at the XYZ mine."
Posted by BuyTex on :
so the PR is fake?
anybody else getting that message?
Posted by TickTrader on :
Dunno, BuyTex, but worth looking into. I missed what Mu said about most of the page being in Chinese, so I won't be able to locate this without the page link. I could hit the site 50 times and never know how to get to that page.
I'll email the company tonight, see what's up, but I would have liked to reference a page link in my email.
Posted by rocco33 on :
so you're confirming the PR is being *denied* by the company? that is was indeed faked
Posted by rocco33 on :
I'm in no position to confirm anything. All I know is that the person that posted the link I sent you has been one of our key sources of imformation on this stock. He has produced and posted several e-mails from the company in the past. In my opinion, I believe that Odiaz is telling the truth. Too bad, because I sure wanted the pr to be real! I'm still holding strong and expect this thing to run any day now! GOOOOOOO PAIM!!!!!!!!!!
Posted by BuyTex on :
fair enough...thanks for the link
Posted by Mu Meson on :
people right now are still scared to buy at 2, but they want to.
yesterday, for the first time, PAIM absorbed huge selling at 1.
another pr from pearl about gold and this guy will blow.
thats my opinion
Posted by Mu Meson on :
3 mms now on the bid for PAIM
NITE, UBSS, HDSN (the naked shorter wants to cover now!!!!!)
where is dkinvest!!!!
im lost w/o his wisdom
Posted by dkinvest on :
I'll ask this again:
Anyone been to sell this chit at .0002?
Posted by rocco33 on :
I think that I remeber someone saying that they were able to unload a few million Monday.... I think it was on Raging Bull or IHUB, but don't quote me on that. Personally, I'm holding out for .01 and higher!!!!! Three MM's on the bid at .0001 and volume is low...... we're getting ready to go up!!!!! Nobody wants to sell at 1 anymore. It's just a matter of time now. GOOOOOOOO PAIM!!!!!!!!!!
Posted by tmanfromtexas on :
I doubt anyone has tried DK. This rocket is about to blast off. lol. (Now where did I put that emoticon for that rocket). btw i am glad i have my billions of shares of preferred since I dont think they are part of this reverse split. I am gonna be rich. WOOHOO. not. TMAN...
Posted by dkinvest on :
quote:Originally posted by rocco33: I think that I remeber someone saying that they were able to unload a few million Monday.... I think it was on Raging Bull or IHUB, but don't quote me on that. Personally, I'm holding out for .01 and higher!!!!! Three MM's on the bid at .0001 and volume is low...... we're getting ready to go up!!!!! Nobody wants to sell at 1 anymore. It's just a matter of time now. GOOOOOOOO PAIM!!!!!!!!!!
This rocket? This aint no rocket, it's a friggin porta-potty filled with 20 tons of chit.
Posted by rocco33 on :
Bash bash bona-ash, fon-na-na na-na bo-bash, fi fi fo fin-ash ---- B-A-A-A-SH!!!!! Thanks for keeping it real DK. GOOOOOOOOO PAIM!!!!!!!!!!!
Posted by megahead34 on :
How do you guys know that there are 3 MM's on .0001? Where do you get this info at?
Posted by dkinvest on :
LOL... Thanks Mu, that was great too!
Posted by TickTrader on :
I'll post if I get a response to my email (not yet).
I would anticipate a press release, rather than (or in addition to) a direct personal response. Walmart crystal ball is foggy on this.
Posted by Mu Meson on :
Gold, silver futures rally to quarter-century highs
Copper, platinum reach fresh records on bets for continued dollar weakness
By Myra P. Saefong, MarketWatch Last Update: 10:20 AM ET May 11, 2006
SAN FRANCISCO (MarketWatch) -- Gold futures rallied to another multidecade high of nearly $730 an ounce, silver climbed to levels not seen in a quarter century and copper and platinum set new records Thursday morning as traders bet on continued weakness in the U.S. dollar and strong global demand for metals. Gold for June delivery climbed as high as $728 an ounce on the New York Mercantile Exchange -- an intraday level futures prices haven't seen since September 1980, according to monthly charts from Thomson Financial. The contract was last up $15.30, or 2.1%, at $721 an ounce. July silver touched $15.20 an ounce, the loftiest futures level since early 1981. It was last up 61 cents, or 4.3%, at $14.89. On Wednesday, gold spiked after the Federal Reserve raised rates as expected and said it may raise again if needed to cool the economy and keep inflation in check. "Contrary to expectations (as well as to past patterns), the dollar eroded further and gold gained even more ground, right after the FOMC interest rate hike," said Jon Nadler, an investment products analyst at bullion dealers Kitco.com. "The precious metals market is sensing something here that is starting to feel inflationary, volatile, and full of future problems for the dollar," he said. The dollar continued lower Thursday, although the greenback did find some support from the Treasury currency report released late Thursday, which criticized China's failure to allow the yuan to appreciate at a faster pace but stopped short of dubbing the country a currency manipulator. See Currencies. Gold has surged this year, partly because of inflation fears, dollar weakness and worry about developments in the Middle East. But the metal has broken out of its traditional role as a safe-haven instrument and taken on a momentum of its own as a new asset class, attracting strong demand from a wide range of investors. "Market participants are now starting to talk about the January 1980 peak of $850 as a viable target, which would require another 20% appreciation in gold from the current high," economists at research firm Action Economics said in an early Thursday note to clients. At $725, "there's now more risk than reward in the near term," warned Peter Grandich, editor of the Grandich Letter. "Eventually the old highs around $875 should be taken out, but we're now getting severe overbought signals that can be discarded," he said. Uncertainty lingers
Posted by Mu Meson on :
Gold coasts to new 25-year high above $725 an ounce
NEW YORK (AP) — Gold prices surged to a new 25-year high above $725 an ounce Thursday, on inflationary worries expressed by the U.S. Federal Reserve.
Persistent concerns about Iran's nuclear ambitions also lifted the metal, which is viewed as a hedge against currency weakness, inflation and geopolitical instability.
COMMODITIES PRICES: Check today's quotes.
The June gold contract rose as high as $728 an ounce Thursday on the New York Mercantile Exchange, its strongest level since 1980. It eased back in morning trading to $726.50, up $20.80 on the day.
The gains came despite the dollar's modest recovery against other major currencies after the U.S. Federal Reserve lifted interest rates to 5% and left the door open for further hikes.
Gold investors focused instead on the inflationary fears expressed in the Fed's statement and on the possible inflationary effect of surging prices of crude oil prices and industrial metals, traders and analysts said.
"Inflationary expectations seem to be rising in the U.S. and you could argue some of those expectations are coming from rising commodity prices," said Robert Rennie, chief currency strategist for Australia's Westpac bank.
Gold continues to garner support from concerns over the implications of a showdown between Iran and the USA over Tehran's nuclear ambitions.
At the same time, speculation that China and other Asian countries may be turning to gold as a way to reduce their foreign reserve holdings — mostly denominated in dollars — on a weakening U.S. dollar is also spurring investor sentiment, participants said.
"With all the rumors still about of China and the Iran issue still playing on people's minds, the dollar's not really driving gold at the moment," said Darren Heathcote, trading head at Rothschild Australia.
"The pure weight of funds going into commodities is driving prices, not just fundamentals," he said.
The all-time record for gold was set in January 1980 when it hit $875 an ounce in a huge day-and-a-half surge. But it quickly fell back under $700.
Posted by Intimatrader on :
This is one of my all time best penny picks . Few stocks can match the potential of what can happen here with paim . Bashing is now getting idiotic ......The price is not expected to increase for several months and that has been stated over and over . That is normal and means a simple waiting period is all anyone needs to do . However , it may raise in price ahead of expected which is great too . The point is ..To many things are now going in favor of paim ....It is one of the most OBVIOUS low priced ,minimal risk , highest potential money makers and investor friendly penny stocks one could ever find .Even the website is far more professional than expected . " IF " is not the question here .....It is " WHEN " and how much money will be achieved . Hold on to your shares ....Atleast most of them ....there are many trying to use bashing and price manipulation to get them from you cheap Posted by Mu Meson on :
"minimal risk" is very true.
right now you can buy (after a while) at 1 and also sell at 1. no risk. say that about any other pinky. dare ya.
Posted by Mu Meson on :
LONDON (Reuters) - Heavy speculative buying fueled by inflation fears and geopolitical tensions propelled gold to its highest for 26 years and silver to a level not seen in 25 years, while platinum soared to a record peak. ADVERTISEMENT
Analysts said the metals were overbought and saw a chance of brutal price falls, but bullish sentiment was underpinning the market.
"We are in a long-term bull market for all commodities. I don't believe we are at the top by any means," said Richard Davis, director at Merrill Lynch Investment Managers, adding that investors had realised the need for exposure to commodities.
Spot gold rose as high as $726.00 an ounce, the highest since January 1980, before ending at $721.60/722.60 late in New York trading, against $701/702 on Wednesday.
Gold also spiked in other currencies, jumping to a record 569.90 euros and to 388.59 sterling , the highest in more than two decades.
Silver catapulted up to $15.17, before moving to $14.94/15.04, versus $14.20/14.30 previously.
"Commodities are desperately fashionable at the moment. Just every piece of news is viewed bullish," said Stephen Briggs, economist at SG Corporate and Investment Banking.
Selling was seen, but the mood sweeping through the commodity sector -- several base metals also hit record highs -- meant this was swept aside by fund buying, traders said.
"There is a great fear that at some point there will be a dramatic correction. And the higher they go, the more dramatic it's going to be," Briggs added.
Gold has risen 40 percent this year and 70 percent in the past 12 months as investors diversify into precious metals as a hedge against global tensions, including those over U.S.- Iran relations, high oil prices and dollar instability.
The metal has yielded much bigger returns to investors compared with other assets. In the past 12 months the Standard and Poor's 500 index (^SPX - news), an indicator of U.S. equity performance, rose 13.5 percent, while the Dow Jones industrial average (^DJI - news) gained 13.4 percent.
The metal took two years to move by $100 to reach $500 an ounce in November 2005 and another five months to hit $600, but sprinted above $700 in less than a month. It had hit a record high of $850 in January 1980.
"Growing momentum from investors and speculators looks set to extend its rally despite short-term overbought signals on the charts. Resistance is now expected at $740, $765 and $800 but gold could go all the way to its all-time high of $850 before correcting," said James Moore, analyst at TheBullionDesk.com.
Posted by TickTrader on :
In regard to the English post on the Chinese website, I received a company response by email.
quote:This was not put out by us.
'nuff said.
Keepin' it real.
Posted by PCola77 on :
Lol, trade just went though at .0004. I almost pissed myself thinking that a run was starting when I just saw the last trade without looking at bid/ask
Posted by Mu Meson on :
PAIM up 400% in one week.
dkinvest you got to help us here!
were lost w/o your wisdom.
Posted by Mu Meson on :
4 trades at .0004, all for 1m shares
this is paining all those naked shorts.
dkinvest come in!
you must bash PAIM now!!!
no time to waste.
Posted by kittykash on :
was I seeing things????
Posted by Mu Meson on :
"100" trade at .0002
I NEED SHARES NOW!!!!!!
Posted by TickTrader on :
Somebody open the window and pass them a shovel.
Posted by positivearn on :
Do you think those trades were a mistake?
Posted by TickTrader on :
no mistake
Posted by positivearn on :
So I guess someone got burned with a market order?
Posted by TickTrader on :
no, somebody had a sell order in at .0004. Stay tuned, the day is young.
Posted by dkinvest on :
Hey look at that...down 50% at 0001
Posted by chris s on :
quote:Originally posted by dkinvest: Hey look at that...down 50% at 0001
You my friend must have an exciting life. Posted by TickTrader on :
dk, you work wonders. You still in? They need your shares. Surprised me nobody was down for a sell at 3.
Posted by Mu Meson on :
Gold futures rise, poised for weekly gain of over $35
Prices climb above $730 overnight as trade gap data fail to lift the dollar
SAN FRANCISCO (MarketWatch) -- Gold futures climbed Friday, ready to end the week with a gain of more than $35 an ounce as the U.S. dollar fell to new multi-month lows against key currencies despite narrower-than-expected U.S. trade deficit data. Gold for June delivery climbed as high as $732 an ounce in electronic trading -- its highest level since September of 1980. It was last up $3 at $724.50 after an intraday $728 high. The contract has rallied sharply this week, fueled by fund buying, and it's trading more than $35 above last week's close of $684.30. "Tireless as a Tour de France cyclist, the gold market has now appreciated better than 70% over the past year for a $300 dollar gain," said Jon Nadler, an investment products analyst at bullion dealers Kitco.com. "To say that gold is climbing a wall of worry is to understate the situation quite a bit -- this is starting to look more like a wall of panic," he said. The dollar continued its slide Friday, hitting new one-year lows versus European currencies and eight-month low versus the yen, after much narrower-than-expected U.S. trade deficit data failed to reverse the broadly bearish sentiment in the market. See Currencies. The Federal Reserve's statement Wednesday may have deflated the equity market, but it hasn't braked the momentum in metals, observed Edward Meir, analyst at Man Financial. "At this point, rising interest rates in the U.S. do not seem to be denting economic growth much," he said. "We think the weakness could become more apparent early next year, when rising interest rates begin to have more bite. But for now, there is no noticeable slowdown in growth, allowing the commodity bulls more or less free rein." Summing it up Overall, "gold's recent rally mirrors the sum total of the current set of tumultuous conditions originating in Washington," said Nadler, including Thursday's broad U.S. domestic telephone data-gathering revelations. "Even if we finally undergo the long-awaited (9 weeks now) correction in gold prices, the above mentioned conditions will persist and continue to bolster the case for at diversifying out of paper for the sake of safety," he said. Gold prices are approaching $750, and Dale Doelling, chief market technician at Trends In Commodities said he doesn't see any "topping formations." "Not only do I believe that we're not at a major top, but I think this bull market may just be building a full head of steam," he said, adding: "I will be very surprised if gold doesn't break the $1,000 barrier before summer turns to fall." Elsewhere in the metals market July platinum was last trading up $36.40 at $1,332 an ounce, extending Thursday's strength to touch a record at $1,339.30 early in the day. June palladium was up $5 at $405 an ounce, trading at four-year highs. July copper eased back 5.3 cents to $3.87 a pound after rising to a record above $4 in Thursday's session, and July silver was down 23.5 cents at $14.70 an ounce after reaching a 25-year high of $15.20 on Thursday. On the supply side, gold inventories were unchanged at 7.67 million troy ounces as of late Thursday, according to Nymex data. Silver supplies were down 34,208 troy ounces at 123.5 million. Copper supplies fell 338 short tons to 13,912 short tons.
Posted by jellybean on :
dkinvest ---The great basher is back!!! Don't worry Paim will make a run very soon. We saw .0004 today!!! We are going higher with the price of gold increasing. dkinvest I am still waiting for your list of stocks you own. 360 million long.
Posted by dkinvest on :
quote:Originally posted by jellybean: dkinvest ---The great basher is back!!! Don't worry Paim will make a run very soon. We saw .0004 today!!! We are going higher with the price of gold increasing. dkinvest I am still waiting for your list of stocks you own. 360 million long.
Who dug you up out of the grave?
BTW, .0004 today was a fluke my friend.
Posted by jellybean on :
.0002 is back!!!! GO PAIM. .0003 is next!!!!
Posted by dkinvest on :
PAIM is going nowhere without revenue....simple fact.......until then, this is not a buy.
Posted by jellybean on :
Lots and LOTS OF REVENUE in the mine !!!!!! GO GO GO PAIM PAIM PAIM. Lets hit .0003 today!!! Big run starts next week!!! Good luck dkinvest!!!
Posted by dkinvest on :
Keep pumpin'
Posted by dkinvest on :
PAIM should have another pic like this on their website, especially for shareholders:
"OPERATION REACH AROUND"
LOL
Posted by Bigrod40 on :
Dickinvest, I can't figure out why you spend so much time on PAIM, when your not a shareholder.
I do like your imagination though.
Posted by singledadandhappy on :
Have faith my friends its all we got that is free in this cruel wolrd. Trust me if it were not for it I would not be here today. My wife left me for a married man I went from a 3000 square foot home driving a nice suv to living in a batchelor appartment and two suitcas full of old clothes and ended up bankrupt they live in my house. I got (nada) but thats Ontario's divorce laws . I have faith you have it also and if you don't well move on sell but don't bash this stock please......Thanks
Posted by BuyTex on :
quote:Originally posted by singledadandhappy: Have faith my friends its all we got that is free in this cruel wolrd. Trust me if it were not for it I would not be here today. My wife left me for a married man I went from a 3000 square foot home driving a nice suv to living in a batchelor appartment and two suitcas full of old clothes and ended up bankrupt they live in my house. I got (nada) but thats Ontario's divorce laws . I have faith you have it also and if you don't well move on sell but don't bash this stock please......Thanks
dude! feel the pain...mine own "Big D" wrecked my family. Hurt my kids, crippled me. Still got my youngest at home
Still, as bad as I coud use the dough? Can't see anything positive about this play, other than "double" at bid of .0003
Best wishes, SDH
Posted by Boss1 on :
originally posted by Bigrod40: ___________________________________________________________ "Dickinvest, I can't figure out why you spend so much time on PAIM, when your not a shareholder
I do like your imagination though." __________________________________________________________
D.K. Keep up the comedy. At least after selling this peice of tihs for a loss I can still come and get some good laughs on this thread. Any new investors: try and do a liitle DD before throwing any coin in this one. There are too many other good buys out there right now to be waisting time (notice I sad time) in this one IMO. Good luck.
Posted by Raytrader on :
this is exactly what we need ...a gradual increase....no spikes......more and more buys at two....has nothing to do with gold, revenue or anything else pinks have a mind of there own and are a money making business in itself.... this could be a Chit-mine and it wouldnt matter.....the facts are that alot of peeps are interested in this stock/shell...and thats all that matters at this point, and paim will profit from that itself ....thats why they are a in the pinks......its much more simple to take a dollar from a million people than a million dollars from one person.........
Posted by Raytrader on :
quote:Originally posted by dkinvest:
quote:Originally posted by Raytrader: You're right DK!!! .......$20,000 an ounce sure wouldnt help any GOLD mine would it.......haha
nice try....Im still holdin as Ive done for a LONG time now
How many ounces of gold has PAIM extracted and sold my friend?
BTW DK......gold prices of $650 USD/ounce the 6 bars of raw gold bullion (approx. 93% Au) are worth $143,750.1 USD. These 6 bars of raw gold bullion (approx. 93% Au) will be sold very shortly at a branch of a Japanese bank in Manila, the proceeds to be used to fund an expansion of mining production at the XYZ mine.
perhaps that will answer your irelavent question
Posted by SuperSniper00 on :
Did you guys forget that PAIM is run by multi-convicted fraudsters and con artists??
Dominion of Melchizedek
The so-called Dominion of Melchizedek (hereinafter "DoM") is a fake nation which exists only in cyberspace, or in the literature and actions of the scam artists who perpetrate this fraud. There is no real Dominion of Melchizedek, but this doesn't stop the scammers from selling utterly worthless bank licenses for tens-of-thousands of dollars.
The DoM attempts to hold itself out as some sort of quasi-religious body, even to the point of having its own version of the Bible. But for all their self-righteousness, the truth is that the DoM not only commits fraud, but also materially facilitates the fraud of others by creating phony banks, stock exchanges, arbitration forums, etc., in an attempt to give some illusory legitimacy to criminals who are directly defrauding the public by way of pyramid-scheme bank debenture scams and other criminal schemes.
Those of you wanting a chuckle at the creativity of some crooks can visit the DoM's website at http://www.melchizedek.com But first you should should read some of the passages which follow which tell you the truth about the DoM and is reputed founders. Just so there is no uncertainty: It is our opinion that the Dominion of Melchizedek is a criminal scam.
Excerpts of Presentation of Mr. John Shockey, Former Special Assistant, U.S. Comptroller of the Currency, to the 4th International Financial Fraud Convention in London, May 27, 1999: "I'm going to provide some detail on a major international fraud which has been perpetrated worldwide since 1990. Obviously, the primary criminals involved have not yet been thwarted. Over the years I have been responding to requests from the news media for interviews about this international fraud. Public disclosure which followed include articles in Forbes Magazine, London Times, Washington Post, Wall Street Journal, Jewish World, ICC Commercial Crime Bureau and Australia TV. I have written warning alerts sent to the financial community.
"What is this phenomenon? It is the Dominion of Melchizedek (DOM), a fictitious country created by a father/son conspiracy who are multi-convicted felons named David and Mark Pedley."
"The father, David Pedley and Mark, came to my attention in the early 1980s at which time I was assisting the FBI in their investigation of a land fraud. The result was an indictment and trial in 1983 which convicted Mark Pedley. At that time, the father was incarcerated in a Mexican jail relative to operating a scam converting pesos into dollars through an offshore shell bank -- a form of money laundering."
"The son, Mark, after serving time on his conviction, again was successfully prosecuted in 1986 on other fraud charges. Shortly thereafter, the father reportedly died in the Mexican prison and his body said shipped back to the U.S. No confirmation of the death occurred and I, among many others, believe that he is still alive, in the U.S., and is the architect of the DOM."
"The DOM is a fraud, a major fraud, and not a legitimate sovereign entity. Persons associated with the Dominion of Melchizedek have been indicted and convicted of a variety of crimes."
"In examining this scam keep in mind that deception is fraud. The first deception is the creation of a phony sovereign country. The first address was Malpelo, an uninhabited island under water half the year, and owned by the country of Colombia. Public disclosure of this fact caused a change of address to the Antarctica. Several changes since have occurred with the most recent address an uninhabited atoll owned by the Republic of the Marshall Islands."
"They are always looking for a remote landmass that nobody will challenge their ownership of. Perhaps next they will claim ownership to the lost continent of Atlantis."
"Melchizedek first came to my attention in June 1990, a few months after Mark Pedley was paroled from a 1986 conviction. Inquiries were received concerning bank names: Banco de Asia, Guardian Savings & Guaranty and Express Bank among others. Investigations that these entities had bank charters from the DOM and obtained through an entity named Consortium Finance Corporation headquartered in Lake Tahoe, California. Further investigation disclosed a principal alternately named John Hayden and Branch Vinedresser. Shortly thereafter the FBI took Branch Vinedresser into custody and revealed that he was Mark Pedley, who then was charged with violations of his parole."
"In a short time frame, other Melchizedek entities came to light. Pedley created International Auditors, a purported firm of chartered accountants which provided glowing financial reports of other DOM entities. The Washington DC telephone book showed a listing under Embassies for The Embassy of Melchizedek. Other fraudsters came into the fold and promoted various scams under the umbrella of DOM."
"Fraudulent operations disclosed included taking deposits, issuing worthless guaranties and loan commitments, verifying and authenticating values of other DOM entities which, among other activities, was the issuance of hundreds of millions of dollars of worthless debt instruments. Some of these instruments reportedly were used as collateral to obtain real money loans and were exchanged in several brokerage houses for real value securities."
"Promoting a phony sovereign country provides diversified opportunities to engage in fraudulent activities. One's imagination of the various types of fraud possible has become a reality with DOM. A phony government consisting of fraudsters creates phony citizenships, ambassadorships, embassy and legation offices, issues diplomatic passports, registers financial aid, grants business licenses, creates a stock exchange, etc., etc., etc. -- all phony. However, each facet of this operation is a source which generates substantial illegal income."
"Addresses used, including the fake 'Embassy' still situated in Washington DC, are mail drops and answering services. Contact with these addresses is passed immediately to Pedley, who is in California. But this is not a covert scam. Pedley, who now calls himself Tzemach Ben David Netzer Korem, makes himself available to all seeking information about DOM. Also available is his 'cosmic wife', a Philippine woman now named Pearlasia who happens to be the current President of DOM. They have a website which (falsely) describes in great detail DOM as a sovereign country with world-wide tentacles. Although clothed in a facade of religious respectability, proper due diligence can easily penetrate this veil."
"Victims revealed over the years are world-wide. Within the last year, victims in the Phillippines were conned out of in excess of $1 million on the scam by the DOM providing bogus DOM citizenship papers, official DOM passports to travel out of the country to pursue high-paid employment -- all phony. And then there is the sublime: Among various documents there are DOM letters advocating peace sent to Iraq (personally address to Saddam) and to Kosovo. Yet another document cites DOM declaring War on France for nuclear testing."
Melchizedek Founded by Convicts, According to The Washington Post, "The Ruse that Roared", 5 November 1995
"Its founder, a Californian named Mark Logan Pedley, has two swindling convictions.
"William Barrett of Forbes magazine exposed Melchizedek in a January 1991 report titled 'Father of His Country,' which tracked the global dealings of the elusive Branch Vinedresser, also known as Mark Logan Pedley. Back then, 'ambassador' Vinedresser claimed to own the island of Malpelo, 300 miles off the Pacific coast of Colombia -- never mind that the island belongs to Colombia.
"After the Forbes report, Pedley landed in the hoosegow in California for parole violations. He had been a codefendant with his father, David, in a Mexican peso conversion swindle. Pedley Sr. had a record of four convictions, including stock fraud.
"David Pedley is reported to have died in Mexico in 1987 -- but the body was never identified upon arrival in the United States. The Pedley family refused to let FBI agents fingerprint the corpse at the closed-casket ceremony. Some officials suspect that body in the casket was not in fact David Pedley's -- and that the elder man is still doing business somewhere."
Melchizedek's Claims to Legitimacy: Melchizedek claims that it is a real nation, with real property, and has been recognized by several major governments.
The Truth: Melchizedek has failed to either name the "major governments" which allegedly recognized it, or else specify just how this "recognition" has come about. Melchizedek has apparently obtained some sort of recognition from some smaller states (which may or may not still exist as of the date of this writing), all of which are notable for their corruption. Claims that the DoM has received recognition from any major government are purely lies.
Melchizedek similarly notes that it has "acceded" to various treaties. Please note that this is different than saying that it is a party to these treaties -- "acceding" in this sense means a unilateral act by Melchizedek. We could "accede" to the Rules of the National Football League, but that wouldn't mean we could play the Bears on Sunday or that the NFL would recognize us.
As for property, Melchizedek claims certain islands in the Pacific, but unfortunately there were either at or so close to the nearby French nuclear weapons test site that Melchizedek felt compelled to issue a Declaration of War directed to the French government (although this is still a "cold war", no doubt largely because the French have yet to hear about it, or about Melchizedek for that matter). Oh, and there is the (unsubstantiated) claim to a large portion of Antarctica.
The Washington Post addressed these claims, including Melchizedek's claims to have a "Treaty" with the amorphous "Ruthenian Peoples" in its excellent article: The Washington Post, "The Ruse that Roared", 5 November 1995.
"The Ruthenians, being Ruthenian, were a bit difficult to locate. Several hundred thousand of them -- now usually called Carpatho-Rusyns -- are dispersed throughout Ukraine, Slovakia, Poland, Yugoslavia and Hungary. Eventually we found an esteemed expert: Prof. Paul Robert Magocsi, head of the Carpatho-Rusyn Research Center in Vermont and representative to the World Congress of Rusyns. 'In a word, it's silly,' Magocsi said of the supposed alliance with Melchizedek.
"'It's all news to me,' said a spokesman for the State Department's Office of the Geographer and Global Issues. He proceeded to express considerable doubt about Melchizedek's claims to any territory -- including Karitane island, which, Korem says, lies some 1,200 miles southeast of New Caledonia and was bought from the Kingdom of Polynesia.
"Make that the alleged Kingdom of Polynesia -- it does not appear on any list of nations, independent states or dependencies. 'There's no such kingdom that would have any recognition by anybody,' said the official.
"Obviously, Melchizedek craves legitimacy. But so far, only one government has given it any diplomatic recognition: The Central African Republic.
"Included in Melchizedek's eagerly-supplied kit of governmental bona fides is a copy of a 1993 letter from the president of the Central African Republic formally recognizing the Dominion and inviting it to open a diplomatic mission there. You get the feeling that the Central African Republic would recognize the State of Denial if it had a letterhead."
Melchizedek's Claims Regarding its Banking System: The "combined net asset value" of all Dominion of Melchizedek banks exceeds US$25 billion dollars.
The Truth: Melchizedek provides no proof for this claim, and it is fantastic and bizarre considering that there are no (real) Melchizedek banks. Again, the Washington Post: The Washington Post, "The Ruse that Roared", 5 November 1995:
"Its president, a woman who goes by the names Mz. Pearlasia and Elvira G. Gamboa, was successfully sued by the California State Banking Department to prevent her from representing herself as a banker there.
* * *
"Melchizedek says its several hundred banks hold a 'net asset value' of $25 billion, yet President Pearlasia remains in arrears to the state of California, having failed to pay a court-imposed sanction of $1,431.90 for her 'bad-faith actions' related to the lawsuit.
"From Canada to Mexico, London to Hong Kong, financial entities and individuals connected to Melchizedek have drawn the attention of banking and investment regulators.
"Officials say the Dominion was concocted to issue bogus banking charters; [John Shockey, head of the fraud unit in the office of the U.S. Comptroller of the Currency] routinely issues warnings that U.S. banks should not process any checks or drafts drawn on Melchizedek banks.
"In Hong Kong this summer, a judge sentenced a young Austrian baker to six months in jail for attempting to cash checks totaling $500,000, drawn on the Asia Pacific Bank of Melchizedek. The baker called himself Crown Prince Gerald-Dennis Sayn-Wittgenstein-Hohenstein and held a diplomatic passport as Melchizedek's 'ambassador at large.' According to an account in the South China Morning Post, the judge dismissed the idea that the whole thing was a joke, saying, 'A fraud on the banking system of Hong Kong is a very serious business.'"
Melchizedek's Claim Regarding Corporation or Trust Formation: For $1,000 you can form a Melchizedek corporation or trust.
The Truth: However, to do this you must sign what amounts to a waiver which states: "The applicant understands that the Dominion of Melchizedek can accept no responsibility for the position of any foreign government in regard to [Dominion of Melchizedek] documents." In other words, even Melchizedek realizes that foreign governments will not recognize their corporations or trusts. Enough said!
No U.S. court (state or federal) has ever recognized any DoM trust, corporation, bank, judgment, or anything else having to do with the DoM!
Reality
Despite bizarre claims, such as to have a treaty with the "Ruthenian People", Melchizedek doesn't exist.
No major nation recognizes Melchizedek or can be expected to do so in the near or even distant future. It is difficult to imagine a more complete waste of time and money than to associate with the Dominion of Melchizedek.
"It's a con artists' operation through and through," declares John Shockey, head of the fraud unit in the office of the U.S. Comptroller of the Currency. "It's a phony bank, a phony country, a phony dominion -- the whole thing's a phony." Washington Post: "The Ruse that Roared", 5 November 1995.
Offshore Alert, 30 June 1998:
"As alleged frauds go, it would be hard to conceive of anything more audacious than creating your own phony country, promoting it as a major offshore financial center and charging people for bank and insurance licenses, IBCs, trusts and even bar qualifications. And why not throw in an 'international stock exchange' with several listings of fake companies with fake trading, all displayed on an elaborate web-site? Yet that's exactly what the people behind the Dominion of Melchizedek appear to have done, with some apparent success, judging from the fact that the Office of the Comptroller of the Currency in the US has had to go so far as to warn people not to do business with any 'banks' claiming to be based in DOM, as the 'country' is known, and has closed down DOM 'banks' operating in the US, including at least one from an address on Wall Street."
"In Hong Kong this year, an Austrian baker who tried to cash checks totaling $500,000 drawn on Asia Pacific Bank of Melchizedek was jailed for six months for fraud. According to US press reports, DOM was invented by convicted swindler Mark Logan Pedley of California, who may have since faked his own death. Anyone wishing to see the amount of work gone into creating the Melchizedek illusion should visit www.melchizedek.com, which is a website registered to David Korem of Foster City, California."
-- Offshore Alert, 30 June 1998 Edition, at p. 9.
- and -
Forbes, Father of His Country. (Branch Vinedresser), 7 January 1991
Insurance Commissioner Elton Bomer has issued a cease-and-desist order halting an unlicensed Houston guaranty bond operation headed by a man claiming to be ex-president of the fictitious Dominion of Melchizedek.
"Investigators for the Texas Department of Insurance's Fraud Unit have been unable to locate any legitimate country under the title Dominion of Melchizedek," Bomer said. "Besides shutting down this operation, TDI is turning over all information on the case to the proper legal authorities."
The order targets Leon Excalibur Hooten III, Lifeguard Reinsurance Ltd., Lifeguard BanCorp Ltd. and Hooten Enterprises. The parties all operated out of 5870 Highway 6, Suite 209, Houston. Lifeguard Reinsurance is registered as an insurer in New Zealand, but none of the parties is licensed to sell insurance in Texas.
Bomer's action was recommended by a State Office of Administrative Hearings administrative law judge who held a hearing in the case. Neither Hooten nor attorneys representing him or his companies appeared for that hearing.
Bomer's order listed various payments or invoices for bid bonds and payment and performance bonds sold by the Houston operation to companies in Arizona, North Carolina, Ohio, California, Georgia and Florida. TDI's Fraud Unit estimated the operation collected more than $145,000 in premiums for bonds with a total liability of more than $10 million.
One Tempe, Ariz., company paid Lifeguard Bancorp at least $25,070 for bid bonds and payment and performance bonds.
Various types of guaranty bonds are considered insurance subject to Texas Department of Insurance regulation. Bomer's order alleges the unauthorized sale of insurance and misrepresentation of Lifeguard Re's assets.
Misrepresentations of Lifeguard Re's financial condition included an alleged $15 million certificate of deposit from Asia Pacific Bank and $20 million in bonds allegedly issued by St. Charles University of DeQuincy, La.
According to the order: 1) Asia Pacific is not chartered by any recognized authority, apparently has no assets and has been enjoined from transacting business under any name or title using the word "bank." 2) St. Charles University was founded by Hooten and has no assets.
The Department's action was supported by affidavits from federal government officials, including John Shockey, head of the fraud unit of the U.S. Comptroller of the Currency. They stated there is no sovereign country, nation or state named the Dominion of Melchizedek (pronounced mil-KIZ-uh-dek).
In an article run November 5, 1995, the Washington Post cited the Dominion of Melchizedek as a nonexistent country used as a name by various questionable operations. In the article, Shockey called Melchizedek "a phony country, a phony dominion- the whole thing's a phony."
For further information call the Texas Department of Insurance Public Information Office at (512) 463-6425 or send a note to PIO*tdi.state.tx.us
Latest Update
SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 16368 / November 23, 1999
Securities and Exchange Commission v. World Financial & Investment Co., Inc. and Victor M. Wilson, U.S. District Court, E.D.N.Y., No. 99-CIV-7608 (ILG) The Securities and Exchange Commission today filed fraud charges against a Brooklyn lawyer and his investment advisory firm, for their role in a Ponzi Scheme conducted through a supposed bank chartered by the non-existent "Dominion of Melchizedek." Named in the Commission's Complaint filed in the U.S. District Court for the Eastern District of New York are:
Victor M. Wilson, age 47, of Brooklyn, New York; and
World Financial & Investment Co., Inc. ("World Financial"), an investment advisory firm wholly-owned by Wilson that operated from Wilson's Brooklyn law office.
The Complaint alleges as follows:
Acting directly and through "sub-agents" on the Caribbean island of Dominica, Wilson raised approximately $1.2 million from hundreds of investors in the United States and Dominica from March 1997 through April 1998. The money was invested in a so-called "60-40 program" promoted by Credit Bank International Co. ("Credit Bank") and its founder, Roger E. Rosemont. Credit Bank is purportedly chartered in Melchizedek, and Rosemont claimed he was Melchizedek's "ambassador at large" to the Caribbean. In truth, the 60-40 program was a Ponzi scheme, Credit Bank is not a bank, Melchizedek is not a country, and Rosemont is no ambassador.
Wilson received approximately $175,000 in fees for his role in the scheme. He played a central role by soliciting U.S. investors and channeling funds to bank accounts controlled by Rosemont. Wilson told investors that they would obtain returns in excess of 300% to be disbursed over a period of several months. The astronomical returns would purportedly result from profits Rosemont would generate by pooling and reinvesting funds in unspecified financial instruments. The relatively small number of investors who entered the scheme in its early stages obtained tremendous returns, including Wilson himself, who reaped $23,800 in profits from his early investment of $4,166. Most investors, however, received no disbursements and lost all the money they invested.
Wilson promoted the scheme despite receiving strong signals indicating that it was a fraud:
Rosemont told Wilson that he had been arrested on fraud charges in France, where the authorities had frozen his bank accounts;
Rosemont told Wilson that he had been "thrown out of" St. Lucia, an island near Dominica where Rosemont had been promoting the 60-40 program;
A government official in Dominica warned Wilson that Rosemont had a reputation as a "bandit" or "rascal;"
Rosemont refused to provide Wilson with information regarding his or Credit Bank's finances, and Wilson never determined how Rosemont was using the invested funds or generating the supposedly astronomical returns;
In August 1997, Dominica's Minister of Finance publicly warned that the 60-40 program was "a pyramid scheme where the people at the beginning make fantastic returns and the last of the people lose all their money."
Wilson also knew, or recklessly disregarded, that there is no such country as Melchizedek. Before entering into the scheme, Wilson tried unsuccessfully to locate the nation of Melchizedek on a map and in an encyclopedia. He knew from an associate of Rosemont that Melchizedek existed only as an Internet site, www.melchizedek.com. Indeed, since 1991, numerous press reports have identified Melchizedek as a base for fraudulent schemes involving purported bank charters and other bogus corporate documents. There is no recognized governmental authority that actually charters banks in the name of Melchizedek.
Wilson, a U.S. citizen, was born and raised in Dominica. In addition to the many residents of Dominica solicited by Wilson's sub-agents, most of the U.S. investors recruited by Wilson were immigrants from Dominica and other Caribbean islands. With many victims drawn from the same ethnic group, this case is another in a series of "affinity fraud" enforcement actions brought by the Commission. See the Commission's recent investor alert, www.sec.gov/consumer/affinity.htm, which explains how to avoid becoming a victim of an affinity fraud.
The Complaint charges Wilson and World Financial with violations of Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. The Commission seeks permanent injunctions, disgorgement of ill-gotten gains plus prejudgment interest, and civil penalties against both defendants.
If you are approached by an alleged "official" of the Dominion of Melchizedek, you might consider giving those kind folks at your local office of the Federal Bureau of Investigations a call just to let them know that the "official" is doing O.K.
Oh, and if offered be sure to pass on that trip to Karitane!
4/10/96 "Insurance salesman confesses in fraud case" by Bill Lodge. 7/27/96 "Authorities are tracking scam artist" 9/21/96 "Houston man reportedly says he led phony nation" 4/10/97 "18 months added to man's sentence" by Bill Lodge The Houston Chronicle, Archives, search for "Melchizedek" http://www.chron.com/content/archive/
5/22/90 "Member Services in bankruptcy/Chapter 11 ..." by Stephen Rassenfoss 3/2/91 "Reynolds' Premium Resources Trying to Find ...." by Staff Reports 9/20/96 "Executive may have had a role in bizarre scheme" by Bill Mintz 10/12/96 "Hooten, target of FBI probe, dies/ last venture was firm ...." by Bill Mintz South China Morning Post, search for "Melchizedek" http://business.scmp.com/search 11/20/98 - various articles found from search, then the following
11/24/98 "Melchizedek group tries to buy freedom" 11/28/98 "15 banned in passport scam" 11/29/98 "Death penalty plan for Melchizedek" 11/29/98 "Tips for conversing with your foot in your mouth" 12/08/98 "Melchizedek case lawyer seeks deportation" 01/10/99 "Manila to deport barrister" Far Eastern Economic Review, 12/10/98 "Crime: Fantasy Island: Melchizedek passport scam reveals how the Internet can take fraud to new frontiers" by Bertil Lintner in Bangkok
And here I thought Mario was going to be the fall guy again. What happened to him? You know, Pearl's OTHER husband? Joking aside, I've seen most of the articles you cite, and I even know a little bit about that saga. But what does that have to do with PAIM? Do you think Pearl has hijacked this Mining Company without their knowledge?
Here's something for you to find, if you want. The whole file is too long to post. For those that want to understand why this endeavor will take time, it's a good read. See any familiar names? ------------------ CONSULTATION WORKSHOP IN THE MINING SECTOR (In Preparation for the 2006 National Manpower Summit) February 15, 2006 Oscar Crispin Conference Hall, 2nd Floor Petrolab Building Mines and Geosciences Bureau (MGB) North Avenue, Quezon City SUMMARY OF PROCEEDINGS Attendance 1. Undersecretary Danilo P. Cruz Department of Labor and Employment Keynote Speaker 2. Ms. Nelia Halcon Exec. Vice President- Chamber of Mines –PAPER PRESENTER 3. Engr. Juancho Pablo Calvez President, Society of Metallurgical Engineers of the Philippines REACTOR 4. Atty. Roberto Padilla President, National Mines and Allied Workers Union (NAMAWU) REACTOR 5. Mr. Levinson Alcantara Institute of Labor Studies DOLE Paper Presenter Participants 1. Usec. Soledad De Castro Minerals Development Council 2. Atty. Crisanto Martinez Lepanto Consolidated Mining 3. Engr. Edilberto Abejar Johnson Gold Mining 4. Mr. Jose Ernesto Villaluna President and Chief Operating Officer, Philex Mining Corp. 5. Atty. Deo Contreras, Jr. Vice-President – Legal/HR Philex Mining Corp. 6. Ms. Martha Lucero HRD Manager, Benguet Corporation 7. Mr. Edwin Castro Project Administrator, QNI Philippines 8. Mr. Noel Ferrer Phelps Dodge Exploration Corporation 9. Engr. Benjamin Obra Platinum Group Metals Corp. 10. Ms. Abegail Dormitorio Pearl Asia Mining Industry 11. Mr. Ariel Caleon -do- 12. Mr. Ricardo Bernardo -do- 13. Atty. Constantine Noriega, Jr. HR and Admin. Services Officer Natural Resources Mining Dev’t Corp 14. Mr. Rey Maglente HR and Services Manager, Sagittarius Mines, Inc. 2 15. Mr. Cyrus Tuazon Lands Manager, MRL Gold Phils.Inc. 16. Mr. Jess Valledor, Jr. Administrative Officer, Atlas Consolidated Mining 17 Ms. Ma. Teresa Ignacio MSU-Iligan Institute of Technology 18. Mr. Juan Lopega NAMAWU 19. Mr. Ernie Rodriguez President, Philippine Mining Safety and Environment Association (PMSEA) 20. Engr. Ralf Ante Board Of Mettalurgical Engineers, PRC 21. Engr. Enrico Nera Member, Board of Mettallurgical Engineers, PRC 22. Engr. Pete Rudio Philippine Society of Mining Engineers 23. Engr. Emmanuel B. Tamesis Chairman, Board of Geology 24. Mr. Jessie Pagaran Philips APSTEU-ALU 25. Mr. Bernardo Carino, Jr. -do- 26. Mr. Julius Nakihid -do- 27. Mr. Francis Awisan -do- 28. Mr. Ray Villones Geological Society of the Phils. 29. Ms. Teresa Manalac Mines and Geosciences Bureau- MGB-DENR 30. Ms. Rose Imperial -do- 31. Ms. Vernadette de Guzman -do- 32. Engr. Vicente Madamba -do- 33. Ms. Violeta Estoya CHED 34. Dir. Felixberta Romero POEA 35. Mr. Pablo Gorriceta TESDA 36. Mr. Leonardo Durante -do- 37. Mr. Zoilo Galang -do- 38. Dr. Pablito Ong Mapua Institute of Technology 39. Ms. Eligia Clemente UP College of Engineering Organizer 1. Director Ma. Luisa Gigette Imperial BLE- DOLE 2. Director Ana Dione BRW-DOLE 3. Jose Sandoval ESRD-BLE 4. Milagros Oliva ESRD-BLE 5. Corrie Tagra ESRD-BLE 6. Adelina de Castro ILS-DOLE 7. Rolando Abadilla ILS-DOLE 3 Program Proper 1. The Consultation-Workshop started at about 9:20 a.m. Participants to the workshop came from the employers group led by the Chamber of Mines, workers group led by the NAMAWU and APSTEU-ALU, professional groups, Board of Metallurgical Engineering, Board of Geology, selected government agencies, and the academe. 2. DOLE Undersecretary Danilo P. Cruz delivered the opening and welcome remarks. In his speech, he explained the rationale behind the workshop and the culminating activity which is the 2006 National Manpower Summit, with the goal to focus attention of all concerned on the need to generate the right workers. He said that it is not just generating jobs per se, but generating the right workers for these jobs. Adding that only then can we say that we have generated quality employment. In meeting this challenge, the DOLE is willing to tie up with its social partners represented in the workshop. In closing, he urged the participants to undertake continuous efforts to understand the industry’s and workers’ needs and to create opportunities for our workers to meet the ever-changing skills and capability demands while at the same time, harmonizing it with our commitments to promote social equity, environmental preservation and sustainable development, and the relevant laws governing the industry. Paper Presentation 1. The paper presenter, Ms. Nelia Halcon, Executive Vice President of the Chamber of Mines of the Philippines, gave a comprehensive overview of the state of the Philippine Mining Industry starting with the profile of the mining industry; its historic background, recent developments, the composition of the industry, employment situation, job prospects for the next five years and the manpower supply side. Her paper shows that from 2006 to 2010, the private sector forecasts 75,000 jobs while the MGB job generation projection for the same period is 37,454. On the supply side, data on graduates for the past five years (2001 – 2005) show that there were 144 in Geology, 58 in Mining Engineering, and 201 in Metallurgical Engineering or a total of 546, which is way below the demand if the same figure is true for the next five years. She likewise enumerated the issues and concerns and her insights and recommendations, to wit: (cont.)
Posted by TickTrader on :
The whole thing looks a lot prettier in it's original PDF format anyway.
Max made a boo-boo, and Sniper? Checking on that tonight.
You know, shorts can cover for cheap now, or... Doesn't really matter to me.
I will repeat what I stated earlier for the sake of newbies... this stock is extremely high-risk. And adding... do not tie up needed capital in this, it will take time.
Posted by BuyTex on :
TT, what is it you're checking on (re: "Sniper")? Just curious...
Posted by TickTrader on :
BuyTex, In sniper's case, correct copy. I don't believe sniper is protecting a short position on PAIM. Thought I would mention that, since I refer to shorts in my post.
Posted by Mu Meson on :
I think a hyper spike is coming in gold. We could see $200. For every 2 ounces mined, 3 are sold.
I read stuff that most dont.
There is concern on wall street about inflation.
Inflation is always associated with commodity price spikes.
The fed rate is now 5%, per year, but gold has been rising 5% a week.
When PAIM pops, do not sell low. Sell your shares dear. Sell into the panic.
Posted by Mu Meson on :
Ingnore sniper and the DoM.
Sniper is choking on his bags so ignore him.
Focus on gold. The spike is coming.
People know about PAIM. A lot. Dont think they dont.
Remember, there are 1000s that wont buy PAIM at .0001 now. But they will buy at .01 later. Use em up.
Posted by Mu Meson on :
I mean $2000. Per ounce. Of gold.
There dangerous talk on wall street that the new fed cheif has lost control. He's accused of being a waffler. Weak. Loose tongue.
Players will print billions of his dollars at 5%, per year, and buy gold that will go up 5%, per day.
dangerous dangerous dangerous dangerous dangerous
PAIM might have a lot of gold.
Thats all that matters.
Posted by Max Shrap on :
What boo boo did I make? You talking about me? I am not a basher. I just know that the time to play this is later in the year. I will not put a CENT into it until after June 15th. People MAY not lose anything in the "buy back," But they aren't gonna gain anything either, unless they are just playing it for a quick flip on a small run. But the danger is that you may not get out before it is too late. I won't debate it again, but I am convinced that the "buy back" is a R/S. I know the pumpers don't agree, but we will all see after June 15th. If it is a R/S, a lot of people are gonna lose their panties.
quote:Originally posted by TickTrader: The whole thing looks a lot prettier in it's original PDF format anyway.
Max made a boo-boo, and Sniper? Checking on that tonight.
You know, shorts can cover for cheap now, or... Doesn't really matter to me.
I will repeat what I stated earlier for the sake of newbies... this stock is extremely high-risk. And adding... do not tie up needed capital in this, it will take time.
Posted by JNT on :
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$$ HOT PICK OF THE WEEK $$
Stock Alert! = Pearl Asian Mining Ticker Symbol = PAIM Sector: Basic Materials Industry: Gold Website = www.pearlasianmining.com Short Term Target Price = $0.0015 Disclosure = We Own Shares Recommendation = MEGA BONUS BUY !!!
Information To Consider
1.Pearl Asian is a developmental and pre-production stage gold mining company with mining interests and claims in the Philippines and Canada.
2. Pearl Asian Mining Industries, Inc. Will buy back approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture.
3.Pearl Asian Mining Industries Inc. (PAIM) SqueezeTrigger Price Is $0.00022
4.Pearl Asian Mining Industries, Inc. Starts Exclusive Mining Operation, Gold Purchasing & Mineral Processing Agreement With One of Mindanao's Local Tribes.
ACCUMULATION ACCUMULATION.........is the Key Word
Posted by Mu Meson on :
By HEIDI VOGT, Associated Press Writer Fri May 12, 5:21 PM ET
DAKAR, Senegal - With oil soaring to new highs and the U.S. dollar back down, investors are looking to the usual haven: gold.
Prices for gold, much of it mined in Africa, are hitting new 26-year highs, letting mining companies post surging revenue as they search for new ways to extract every nugget from the ground. Yet they say they can't substantially increase production — a limitation that could keep prices high for years.
Compared to oil, increasing gold supply is a much more costly — and lengthy — process.
"Gold mining is not the kind of situation where just because of the higher price you can turn on the tap and get more gold the next day," said Vince Borg, a spokesman for Barrick Gold Corp. — the world's largest gold producer.
Newmont Mining Corp. President Pierre Lassonde said the company would need two to three years to increase exploration and cannot quickly increase supply at existing mines.
"We wouldn't change our budget based on six months of price movement," Lassonde said by e-mail.
Gold has jumped from about $450 an ounce in November to $732 in electronic trading Friday on the New York Mercatile Exchange, a surge analysts attribute to investors looking for a safe asset amid worries about Iran's nuclear program, a weak dollar, and inflation tied to high oil prices.
A.G. Edwards analyst Dan Vaught said the price tends to be driven by investor beliefs about the stability of financial markets.
"If you think the world's going to end, you buy gold," Vaught said. "It protects against a major breakdown in equity markets."
Jeffrey Christian, managing director of commodities research firm CPM Group, said the investor-driven model means prices could also dive quickly if political tides shift — regardless of actual demand for the metal.
"Gold prices can stay high as long as the world seems to be going toward World War III," Christian said. "If investors decided that the world was becoming a less treacherous place, gold could fall very sharply." He said that jewelry demand for gold has actually shown signs of weakening as the metal has gotten more expensive.
But right now, mining companies say they're optimistic that the difficulty of increasing overall gold supply can keep those soaring prices high.
"Demand is strong yet there is no ability to increase production," said Lassonde, who predicted that gold will top $850 in the next 12 to 18 months.
Mine production in 2005 was only 1 percent higher than in 2004, despite a number of new mines in recent years, according to the World Gold Council, an industry group.
Johannesburg-based Anglogold Ashanti Ltd., one of the world's largest producers, said in March that its production actually declined in the first quarter, dropping 10 percent to 1.34 million ounces because of lower ore grades and fewer production shifts. The company has predicted that its 2006 production will be slightly lower than in 2005.
Mining companies have a plan for every deposit that is "fairly inelastic," said Desjardins analyst Michael Fowler. "That doesn't change much with the gold price."
The high cost of excavation, Christian said, is a key difference between gold and black gold.
"Once you've discovered an oil field, the cost of bringing it in is very low," Christian said. "If you look at the gold industry, it's the exact opposite. Once you've found it, you have to build a mine."
Mining and trucking out ore also consumes a substantial amount of fuel, said Barrick's Borg. "Higher oil prices have meant higher costs of operations," he said.
More expensive steel and tires also threaten to cut into mining companies' profit margins — though those costs have so far been offset by the skyrocketing gold price.
"Our margins have expanded," Borg said. "But nonetheless our costs have gone up." Barrick said last week that its earnings tripled in the January-March quarter from a year ago, citing the surge in selling prices and added production from its $10 billion acquisition of Placer Dome.
Mining stocks have climbed along with the price of gold: Barrick shares are up more than 20 percent for the year, while Anglogold is up about 15 percent and Newmont about 9 percent. American depositary shares of Australian miner Rio Tinto Group have jumped 35 percent this year. In Friday trading, all saw their shares slip about 3 percent.
Fowler cautioned that mining companies' existing operations won't necessarily rake in record profits from the price surge.
"It's not such a cash-rich industry," he said. "I would expect that we'll start to see mergers and acquisitions happen. We've seen some; I think we're going to see more."
Barrick became the largest gold producer just three months ago with its purchase of Placer Dome, which followed on Toronto-based Goldcorp Inc.'s acquisition of Wheaton River in 2005. Barrick Friday closed on the sale of $1.6 billion in Placer Dome assets to Goldcorp, including four mines.
Still, the higher prices are giving companies more options. Fowler said it is now profitable to mine lower-grade ore that might have been left in the ground a couple years ago. And Anglogold said it is considering extending the life of some of its South African mines.
"There are gold deposits as deep as five kilometers (three miles) underground," spokesman Steve Lenahan said. He said Anglogold's research has shown that it would be viable to dig that deep "in a certain type of price environment."
He did not say what price would make such a dig realistic, but did say the company is seriously considering the project. Anglogold Ashanti already operates the world's deepest mine at three and half kilometers (just over two miles).
Meanwhile, Newmont expects to start producing gold from a 621-square-mile mine outside of Ghana's capital of Accra in the second half of this year and Barrick is increasing its exploration budget.
But Barrick and Anglogold caution that any expansions won't take effect for years.
Metal prices seem set to remain volatile, said A.G. Edwards' Vaught. "Where gold prices might stabilize or how high they might go, there's no knowing."
Posted by netra on :
This thing is such a scam! CMKX part 4: return of the dum dums
Posted by Mu Meson on :
All pinks are scams. Thats why they are on the pinksheets. None of these companies really exist. Endless postings about scams are a waste of time. If PAIM goes up there will be huge profits for all. All the folks buying PAIM at 0.01 wont know or care about scams, only gold.
scam scam scam scam scam scam scam scam scam
No one cares. All scams blah blah blah.
"Theres nothing better than a good scam."
Posted by Mu Meson on :
Some commentary from a trader. Enjoy.
Publisher's Notebook: U.S. Economic Meltdown? Tuesday, May 9, 2006 By Darin Diehl
SH: In past years, you have written about the concept of crisis investing. Are we in that kind of environment again now?
DC: Well, it's a question of the long-term and the short-term trends. The longest-term trend in existence is increasing prosperity. But within that long-term trend of history, there are periods that tend to be much shorter in time but very sharp in degree, when things get much, much worse very quickly. I think we are entering into one of those times now. This is because of government action. I am an ultra capitalist. To me the best society is the freest society, both economically and socially. And it seems to me that the United States in particular is on a slippery slope away from that. I don't see any way around an economic catastrophe.
SH: What sort of economic catastrophe?
DC: I think things could get very, very bad indeed. Worse than the 1930s. But different from the 1930s. The 1930s depression was characterized by deflation. This depression is more likely to be characterized by very high levels of inflation. There are trillions of U.S. dollars floating around outside the boarders of the U.S. These are essentially unsecured liabilities of the U.S. government. At some point foreigners are going to see that there are more of these things than the Americans can possibly redeem with anything-forget about gold. So, at some point they'll say, "we better dump our dollars before the other guy does." That's why gold has been going up.
SH: Has the train left the station for gold, oil, natural resources investing?
DC: Well, on the one hand, I was much more comfortable buying gold five years ago than I am today. Back then nobody was interested in gold. It was at the end of a 20-plus-year bear market. It had lost something like 90% of its value in real terms, falling from a high of over $800 down to $250. So I'm more comfortable buying at bottoms when nobody is looking at it. But on the other hand, you have to recognize that in the last five years gold has just more than doubled. If it were to reach the peak that it was at in 1980, and I think it'll go far beyond that peak, it would have to be about $2,100 in today's dollars. And there are a lot of reasons why I see gold going much higher. I think that eventually, within another generation, it's going to be used as money again in actual day-to-day commerce-much as it was before 1933. So to answer the question, I'm not as comfortable now as I was five years ago, but I'm still quite comfortable buying it because the public is really not yet involved in buying gold.
Posted by tyleemary on :
I make the most money by NOT taking anything you guys write about seriously.
I come here when I want read about a bunch WAH WAH's !!
Posted by SuperSniper00 on :
you guys are funny...the company's CEO is the wife of a father/son team of conartists that have links to other conartists ie, mario pino, sandy winnick....yet you guys still want to give them your money
would you guys go buy a car from a dealership where 20 of your friends did and they all turned out to be lemons?
i wouldn't put more than $100 in at .0001 just as a lottery ticket
Posted by Mu Meson on :
Micro Penny Stocks, Penny Stocks Under $0.10
Thats the name of this board Sniper.
You have confused this board with the NYSE.
These are all crap stocks here.
Collapsed.
Folded.
In the gutter.
Scammed to high heaven.
Pearl Asia can be the living incarnation of Satan for all i care. Hitler's concubine. Lizzie Borden with a bloody ax.
As long as she keeps pumping PAIM so we can make a profit.
Posted by SuperSniper00 on :
not when the stock is halted and the SEC finally catches up to these crooks
you're just pumping because you own 100m shares
paim is going NO WHERE
Posted by TickTrader on :
sniper, it took a .021 second looksee to find the webpage. Do you copy this?
"...All rights reserved. No portion of this website may be reprinted in whole or in part without the express, written permission of..."
Not that I care, but give credit for bad copy and opinion to whoever credit is due (good copy, too).
I don't get you guys, so I'll just sit back and wait. If I had reason to believe that Pearl Asian Mining was nonexistent, I would be pounding on the SEC's door - halt or no halt.
Why do I go with the local company? Why not the big dogs with the money? Because there is a history of 'inviting' foreigners to leave the country. Can't say that I blame them.
Posted by SuperSniper00 on :
I got the article from quatloo, which is a website that specializes in uncovering online fraud.
Posted by TickTrader on :
so they say (re squat loose)
Not that it will change my long position, but asking again...
Do you think Pearl has hijacked this Mining Company without their knowledge?
Posted by dkinvest on :
Where's all the pumpers today?
Posted by dkinvest on :
I wonder how old the data is on this. For those of us who hold BKMP as well, bkmp doesn't even show up on the scale, but the old ticker of FCDH does...so it begs the question of exactly how risky is PAIM currently!?
Posted by dkinvest on :
Probably in the 10,000 range...........lol
Posted by Wit on :
Hey everyone! I've had a buy on this since this morning * 0.0001, it hasn't been filled all day, is it really that hard to get into this? I noticed the volume is always very large.
Posted by dkinvest on :
quote:Originally posted by Wit: Hey everyone! I've had a buy on this since this morning * 0.0001, it hasn't been filled all day, is it really that hard to get into this? I noticed the volume is always very large.
Let me ask you something - Why do you want to buy this? Have you not done your DD?
Posted by amswap on :
quote:Originally posted by Wit: Hey everyone! I've had a buy on this since this morning * 0.0001, it hasn't been filled all day, is it really that hard to get into this? I noticed the volume is always very large.
Just wait until you get fed up and try to sell!!! It will take much longer. Do your DD and you can find something better to throw your money in. I think Kmart has a sale on trash cans!!lol
Posted by Wit on :
Does that mean that your both (amswap & dkinvest) trying to get out?
Posted by amswap on :
I finally did after waiting several days to sell at .0001. Kept 1 mil in it as a lotto ticket more than anything. I see it one day simply disappearing, but you never know. They might drive the price up to con a lot more people and then I can take my money and run.
Posted by dkinvest on :
I'm riding 6 billion preferred shares, which were free. Probably won't ever be worth chit though - but hey, if they are, its their damn money.
Posted by Wit on :
amswap, that's only what I'm intending to do, keep a mill as a lottery ticket as well, trust me....I may be just tossing this out the window, I can spare the 100 bucks for the mill, it's not a big deal, I'm just bored today waiting for Rush to do it's thing.
Posted by Wit on :
Apparently, no one is selling if I can't even get a measly 1 mill filled.
Posted by amswap on :
Wit, I would suggest that you look at IPRE or any other stock that shows to have a solid base. While there is no guarantee in any of these pennies, some are actually better than others. There is a basis for their value. It might only be a $100 and that is your decision, but if you are wanting to make some money and trade often, I would strongly advise not to get into this one.
Posted by dkinvest on :
quote:Originally posted by Wit: Apparently, no one is selling if I can't even get a measly 1 mill filled.
You think it is hard getting a buy at 1, try selling at 2....it aint gonna happen.
MM's own this - accept sells only at 1, accept buys only at 2.
Posted by Wit on :
Thanks for the insite guys.
Posted by dkinvest on :
Looks like we saved another one, amswap. Posted by Intimatrader on :
Brothers ......sisters ...and twisted ignorant bashers of PAIM . Be not afraid .....as you are with the mighty intimatrader .
Paim is not suposed to jump up in share price this soon
It is due to increase in months as excavations begin
They are right on tract to every part of their plan for success
Paim is in the news nearly every week in the philipines and is closer to beginning excavations & digging
Gold , silver & other precious metals are getting ever higer in price .
Paim has a lot to do and is doing it .....so let the bashers talk but do not let them fool you into selling cheapie shares away forever so that the greedy mm's make out like bandits again .
Some of us here have seen the MM tricks many times ..AND IT WORKS ......Scaring many into selling cheaply and turning them into bashers so they can yet scare others to sell cheaply too .
What a game ....Don't let them get you down ....And I don't want to name them so I have given them other names to protect their stupidity .....ASSWIPE & DICK-HEADvest
Just kidding ...it's all in fun guys ..I know you mean well .
It's just that my brain is strong & produces great wit as well ....Problem here .......take it up with god .he made me so bright & funny .
Oh yeah ....PENNY FOR YOUR THOUGHTS
Posted by Wit on :
I thank those for their views but ultimately, I make up my own mind. Only I will know what I decide..... Posted by Intimatrader on :
Yes .....That is the awesome answer ..I AGREE WITH THAT .....
Posted by SuperSniper00 on :
PAIM is not in the news every other week in the philippines. I'm in the army and I just spent 6 months in the philippines...here in the states we get their newspapers and my job is to read them and gather info...never have I ever read about PAIM in any of the papers or philippines websites
Posted by amswap on :
Why doesn't that surprise me Super?
Posted by Intimatrader on :
Someone called me a lier ....Let me say again ....PAIM has been on the news { philipino tv every day for the past 6 days } . And over the past 30 days there have been 18 referals of paim { pearl assia mines } . I have done a lot of reasearch on paim .....My sister lives in the philipines and is also invested in paim ....That is how I first found out about it .....After a lot of thinking and studying I decided she should get some first hand information and stay in constant contact with me about PAIM .....I have already said it twice ...But for the exceptionally ignorant I will say it again ...Paim is not expected to have a raise in share price till excavating & digging begins ....That is just around the corner . They are on tract and nothing has changed that . Talk about a bashers haven ......I remember when hansons beverage company was torn to shreads by ignorant bashers as it fell from .13 to .05 after it first started out back in the eighties . It's almost two hundred dollors a share as we speak . Martha sterwart stock fell to under 13 dollors and I bought it ...while bashers were scaring most away from it .Theres also the GAP , AW , WBRS and others that I bought when bashers screamed hard about the scams they are . Lot of money I made from those stocks and still ride long shares in some . Bright people need to protect the newbies from bashers & pumpers . Use your brain and look at all available information . Look at intrensic factors and tie in related news and bottom line and potential future bottom line financials { most seem to miss that } . Why do some have to try so hard to bash paim ...Especially if they don't own shares . Well I own shares as do many others here ....We have a voice and are not bashers or pumpers.
Posted by amswap on :
SuperSniper00 vs. Intimatrader
Which is it. Either it is in the news every day or it isn't. This is why it is so hard to figure out some of these responses.
PAIM might do something. But you can't disregard the facts that Pearl has several unscrupulous people tied into this. It's tough to trust those who keep dishonest people in their company. Is all this a lie? I don't know. How many shares have they dumped into this? Is there any video evidence that they are even in the Philipines? If they wanted to keep investors informed (which PAIM and any other stock traded should want to do) why don't they have video updates on their websites? This is easy and inexpensive to do. A daily diary of where they are and where they plan to be. This would eliminate so many problems. As you can see by all the different tales, this is a hard one to invest in. More solid evidence and facts are so important. Which one do we believe? And why?
Posted by TickTrader on :
quote:Originally posted by SuperSniper00: PAIM is not in the news every other week in the philippines. I'm in the army and I just spent 6 months in the philippines...here in the states we get their newspapers and my job is to read them and gather info...never have I ever read about PAIM in any of the papers or philippines websites
lol
sniper, you are either a liar or you just broke all kinds of laws and violated military rules and regulations. Never before have I EVER accused anyone of being a LIAR, and I won't start now. You want me to research and post the laws and regs you just violated?
BTW, on a smaller and less intimidating scale, take a look at how old the PAIM symbol/name is and maybe rephrase your statement. AND, keep looking, you'll find the Ph. websites.
Posted by SuperSniper00 on :
well you guys can believe what you want, but i was just there for 6 months and i never read or heard anything about mining, muchless pearl asian mining
who knows maybe intimatrader's sister has access to some secret mining channel....good luck with this scammed up and diluted company
Posted by TickTrader on :
...but i was just there for 6 months and i never read or heard anything about mining, muchless pearl asian mining...
Dude, then you possess the most valuable piece of information contributed on this board!
That's the whole point. Their mining industry is now unlocked. This is a work in progress. Not a ground floor opportunity - a basement opportunity. And yes, losing everything invested in this company is a very real possibility.
Did you find that pdf file? If not, I'll go back and get the link. Take a look at the date - Feb '06. Nobody can paint this picture. The canvas isn't even cut yet.
Except for peeps that clearly have alternate motives, I'll never understand negativity towards a company without cause. Sniper, I don't believe you have other motivation, but you do hang with some that do. Focus on the important - go make money.
Posted by Bigrod40 on :
For anyone who doesn't believe in PAIM and its bussiness dealings overseas, this is for you.
Check out V-0320 under MPSA APPLICATION.
Check out EXPA-V-0041 and EXPA-V-0044 under EXPLORATION PERMIT APPLICATION.
MINING APPLICATIONS FILED PROVINCE OF MASBATE As of MARCH 2006 EXPA-V-0041 Pearl Asian Mining Industries, Inc. 11/24/04 Milagros, Masbate 1,127.5939 Gold, Copper, etc UNDER EVALUATION EXPA-V-0044 Pearl Asian Mining Industries, Inc. 02/17/05 Baleno, Masbate 679.8843 Gold, etc. To submit: Amended Sketch Map; Revised Environmental and Exploration Work Program; Latest Audited Financial Statement; Annual Report for the preceding year; Properly filled-up Affidavit of Undertaking; Proof that the paid-up capitalization is P2.5 Million pesos. V-0320 Pearl Asian Mining Industries, Inc. 09/29/04 Baleno, Masbate 751.8843 Gold, Copper, etc. Published May 2005. Under Final Evaluatio
Posted by Coulda Shoulda Woulda on :
only gold will move this puppy
Posted by Bigrod40 on :
From ihub
EMAIL FROM PEARL: pearl emailed some answers to some questions shareholders have asked, DUMB INDIAN, she said she will look into what you wrote that i emailed her, ill let you know as soon as i hear something........i want you to know that there is no hard feelings for our previous posts ...
One more issue has now surfaced and someone put this on their post on Ihub. Its the mining contracts that are issued by the Philippine government. The 6 year contract that is imposed. The 60/40 arrangement if they don't receive 50 million dollars at the end of the contract.
What is that about $50,000,000 at the end of 6 years?
I do believe that what you are referring to perhaps, are for those mining companies who are just coming in to explore our country this year.. as it had proven the "Philippines is #2 in Gold Reserves"..second to Africa..
Pearl Asian has been grand-fathered as far as I know..if this new rumors are spreading out...(The shareholders should not worry..as worrying will get you sick).
These are the facts: ( As Pearl Asian is already 3 years ahead of this new ruling if this is the case)
1. Pearl Asian has already made all the necessary applications, fulfilled all the requirements since 2004 and are on file.
2. Pearl Asian is just awaiting for the final approval of its big mining scale permit (MPSA) on over 1,800 hectares of mine sites..
3. Pearl Asian has a permit SSMP issued since 2005 for the small scale operations on the 20 hectares of the XYZ Gold Mine site..
4. Pearl Asian is completing its second SSMP in Mindanao Gold Operations.
Can you or someone put all this stuff to rest? Its a challenge to go to the boards everyday.
Why go to the board??..
You have done your duty to contact me personally! if you visit our site: www.pearlsianmining.com see the Investors Presentation Page..and the rest of the pages.. you can also check the www.pinksheets.com check the "About the Company" page and as well as read the "News Page" PR's .. these are what you have to believe..The company posts all material informations and facts..as a requirement in the pinksheets. Pearl Asian is in strict compliance with the law.
Another option is: You can come to the Philippines to see for yourself or you can contact Engr. Gary Gotanco or Randee Villanueva or speak to my staff and The Golden Team of Engineers..+011-63-2-490-0140.. Try calling around 9 pm US time..will be the best time to do...
My company.. Pearl Asian's Golden Team is working day and night to get our first gold production this Summer, 2006.
As I have to stay focus to make Pearl Asian (PAIM) successful and productive, with the goal of making PAIM as the #1 gold producing mining company. Estimated production starting in 2006 and forever...(??) God Willing..
I am proud to have this company still surviving since 2003..despite all other setbacks, as well as those bashers attacks, market makers..NSS-, etc.....As PAIM is independent and immune from these outside negative forces..
Pearl Asian is still alive and kicking ready to produce gold by the end of 2006 or sooner...
Your investments in Pearl Asian is the best decision you made..contacting the company directly is better yet...
That Gold & Silver are going to the its highest price ever!!
Maranatha!!
God Bless you and your family!!
sincerely,
pearl
Posted by bobcat88 on :
Why is it that every "message" from Pearl I have read always has a different etiquette to the dialog?
Whoever takes the time to write these personal letters evidentially has enough time on their hands that they should at least go out and read the other posts from Pearl and try and use the same way of speaking.
Hard to believe that the Founder & Chairman of a company has the time to personally respond to someone but don't have the time or resources to at least update their website to include anything more recent than over a year ago as to where the company is today.
Don’t get me wrong here, I'm not bashing PAIM, I'm still holding a lot of big bags, I'm just bashing the bashers that keep coming up with this ridiculous garbage. That's why I don’t even visit IHUB.
Posted by dkinvest on :
.0001 Posted by Bigrod40 on :
Got to hand it to dickinvest, he is one observant mother....LOL
Posted by dkinvest on :
I feel your PAIM bigrod - Owning PAIM is sort of like having the Arizona Cardinals your favorite football team....you'll never be a winner.
Posted by Intimatrader on :
Well I can see patience does not matter . If a stock does not shoot from .0001 to a dollar a share in a couple months it must be crap ..Right .... lol
And someone ask dikvest exactly how many millions he has he made from stocks to call paim worthless .
Ha ...lol ...Worthless are his words on paim .It's black & white .....paim has to start excavating and digging to show revenue ......we are just months away from that .
So why is it so frikin hard for idiots to get that in there head ....buy when it's low and sit on them . Simply wait for revenues to start and per share price to incease . In other words .....excavating , processing and market sale of precious metals is next ....YOU IMPOTENT BASHERS .
Idiots and retards that can't even wait a few easy months and turn into bashers make me sick Posted by SuperSniper00 on :
quote:Originally posted by dkinvest: I feel your PAIM bigrod - Owning PAIM is sort of like having the Arizona Cardinals your favorite football team....you'll never be a winner.
Nahhhh its like having the Tampa Bay Devilrays as your favorite baseball team.
I actually heard they dont even exist.
Posted by GreenDay on :
The Devilrays are my favorite team- I go to games, they exist. And I own PAIM. Always have loved the underdogs.
Posted by dkinvest on :
quote:Originally posted by Intimatrader: Well I can see patience does not matter . If a stock does not shoot from .0001 to a dollar a share in a couple months it must be crap ..Right .... lol
And someone ask dikvest exactly how many millions he has he made from stocks to call paim worthless .
Ha ...lol ...Worthless are his words on paim .It's black & white .....paim has to start excavating and digging to show revenue ......we are just months away from that .
So why is it so frikin hard for idiots to get that in there head ....buy when it's low and sit on them . Simply wait for revenues to start and per share price to incease . In other words .....excavating , processing and market sale of precious metals is next ....YOU IMPOTENT BASHERS .
Idiots and retards that can't even wait a few easy months and turn into bashers make me sick
Hey Intimatrader, why don't you use some of this....you might not whine and cry as much if you do.
Posted by smalltime on :
May 24, 2006 (M2 PRESSWIRE via COMTEX) -- www.**********, is re-iterating coverage of Pearl Asian Mining Industries Inc. (PAIM) after releasing the latest short sale data to May 2006. From January 2005 to May 2006 approximately 50.3 billion total aggregate shares of PAIM have traded for a total dollar value of nearly $10.2 million. The total aggregate number of shares shorted in this time period is approximately 3.87 billion shares. The PAIM SqueezeTrigger price of $0.00020 is the volume weighted average short price of all short selling in PAIM. A short squeeze is expected to begin when shares of PAIM close above $0.00020. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.**********.
Month Total Vol. Short Vol Avg.Price $Value
Jan 05 28,457,320 2,191,214 $.0009 $1,972
Feb 24,295,600 1,870,761 $.0008 $1,497
Mar 33,403,000 2,572,031 $.0016 $4,115
Apr 76,354,000 5,879,258 $.0006 $3,528
May 221,336,000 17,042,872 $.0002 $3,409
June 231,350,000 17,813,950 $.0001 $1,781
July 57,765,000 4,447,905 $.0001 $445
Sept 15,892,000 1,223,684 $.0001 $122
Oct 30,000,000 2,310,000 $.0001 $231
Nov 45,850,000 3,530,450 $.0001 $353
Dec 2,500,000 192,500 $.0001 $19
Jan 06 375,038,400 28,877,957 $.0067 $193,482
Feb 214,707,200 16,532,454 $.0045 $74,396
Mar 34,544,240,640 2,659,906,529 $.00013 $332,488
Apr 4,911,258,256 378,166,886 $.00015 $56,725
May 9,477,362,880 729,756,942 $.00013 $94,868
Tot 50,289,810,296 3,872,315,393 $0.0002 $782,732
*short volume is approximated using a proprietary algorithm.
**average short price is calculated using a volume weighted average short price.
***short volume is the total short trade volume and does not account for covers.
About Pearl Asian Mining Industries Inc.
Pearl Asian Mining Industries Inc. is an aggressive gold mining company with a portfolio of gold and silver mining interests in the Philippines and Canada. With this new and potentially immediate "revenue-making" to be generated sooner than expected, should give a positive impact on the company's 2006 Second and Third Quarter Financial Statements. The "Operation Cagayan de Oro" will be operational and done simultaneously while awaiting for the completion in the development of the general
Posted by smalltime on :
May 24, 2006 (M2 PRESSWIRE via COMTEX) -- Pearl Asian Mining Industries, Inc (OTCPK:PAIM), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Pearl Asian Mining Industries, Inc developmental and pre-production stage gold mining company with mining interests and claims in the Philippines and Canada, a couple of weeks ago announced that they will buy back approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture.
PAIM will pay par value of $0.001 per share when issuing its convertible debentures. The debentures will be payable without interest in 5 years and be convertible back to common at the rate of $0.01 per share at any time before maturity.
As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest. Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares.
Only shareholders of record on June 1st will be entitled to convert 9 out of every 10 common shares on the exchange date of the 15th of June, 2006 for a debenture.
The Company's Chairman of the Board, E. Pearl Asian commented, "We are so optimistic about the future of Pearl Asian Mining that we are taking this calculated risk, going into long-term debt, certain that when the debentures become payable, our earnings will far exceed the face value of this debt."
The BWR Research Team will continue to follow Pearl Asian Mining Industries, Inc over the next couple of weeks, noting on any corporate developments. Investors' sentiment seems to have changed dramatically over the past few trading days as it currently is trading even with yesterday's closing price of $0.0001, on huge volume of over 308 million shares. Although there have been no new corporate developments to justify this trading, investors continue to pick up shares with hopes of an exciting future. The Ming industry seems to be picking up, especially gold and I expect this company to be front a center in this exciting industry.
Posted by dkinvest on :
"A short squeeze is expected to begin when shares of PAIM close above $0.00020."
LMAO
Posted by dkinvest on :
Well, I hope everyone is loaded up for the 10:1 reverse split coming....Shareholders of record on June 1, 2006.
Posted by Sith Trader on :
dk is enforcing his naked short position through fraud
why else would he endlessly bash PAIM, which at 0/.0001 can go no lower...
Posted by WWF on :
Sith, I'm not a dk fan but how did you tie him to naked shorting?? Where's the evidence?
Posted by Sith Trader on :
quote:Originally posted by WWF: Sith, I'm not a dk fan but how did you tie him to naked shorting?? Where's the evidence?
I have been having deep insights lately into these boards, pinks, and the endless losses all suffer.
But it was the PAIV fiasco which gave the absolute proof.
After the PAIV fiasco exploded, a lot of new posters showed up, many who claimed to have been shorting PAIV and then been slapped with margin calls up to $1,000,000 or more. These people shorted PAIV down to like .0005 after it began trading, but then ameritrade realized their mistake in that PAIV is restricted and illegal to trade at all. Every trade is therefore an SEC violation, assuming they care (they dont). PAIV shot up to 99 giving the shorts 2000% losses or more.
Fact: public traders like me are not allowed to short penny stocks as per SEC rules. Therefore, these new people, and im guessing many more, are in fact market makers who lurk on these boards, or post, in order to find or create "pops" which are short targets.
Newbies beware: you are being totally scammed.
Posted by dkinvest on :
Sith,
You are so wrong:
1. I bash PAIM because it is too easy, and it is my way of having fun. 2. I am an ordinary trader just like you. I have a Scottrade account. 3. I am not a new poster...if you did some research on allstocks, you would see I have been posting regularly since March. 4. I do not have a short position in PAIM 5. I do not have a short position in PAIV
Relax dude, and stop being so paranoid.
Posted by Sith Trader on :
quote:Originally posted by dkinvest: 4. I do not have a short position in PAIM
Its your employer thats shorting PAIM. You would never have the balls.
Posted by dkinvest on :
You need some Zoloft dude. lol
Posted by Intimatrader on :
Obviously theres a motive behind DicknVest constant bashing { with funny pictures & never facts } . But many here are far to inteligent to pay attention to the clown .He needs to spend more time studying and positioning himself in low risk , high potential gain ,short term movers w/ longer term capability like PAIM .
Those that did not get in paim -------------->
Those that will amaze at it soaring --------->
Those that own paim & prosper ------------>
DK .....asking himself " why did I bash " --->
It's not to late DK ....if your shorting paim { then get out of your short position } and join the PAIM gang . If your just an idiot basher ....Well ..eat fish I guess and move up to the brain level of a retarded monkey on drugs .
Good god I'm witty !
Posted by dkinvest on :
Oh, look who it is: Intimatrader
Gee, are you and idreamer taking a break from ass slamming each other in the USXP thread?
Posted by dkinvest on :
I apologize guys, I guess if I was currently holding PAIM, I would also be a little edgy, since a 10:1 reverse split was coming. Posted by Intimatrader on :
Welll well well ......and what do we have here ....
The little basher came in .......
Their laughing at you Dik n vest ...can't you hear them
Now grab a cookie & and glass of milk and study stocks . As I see it it ....you need to ...if you are passing up this cheap share price on paim then you have a lot to learn about instrinsic value .
Focuss ...focuss here little man .....less energy on bashing and more on seeing the facts in front of you .
Every penny stock I ever made bank on was bashed by little men like you . That's how smart men like me are able to buy them at such low prices ....So I thank you little man .......Keep the price down for now so I can keep getting more cheap shares .
I have already made bucks on paim ....Bought originally when being bashed hard before divi's at .0001 and sold at .0003 and hold major divi's and free common shares .But now it is time to buy at .0001 and hold .....
There is no way I am wrong on this
I made bank on usxp , efsf , wbrs , dcbi , vwkm , awbv , jysr and paim for short term gain but now hold free shares aswell for long term . But I have been buying back in paim big time as it has to many things going for it now . This is just to easy .....it's right infront of us and anyone can buy it at .0001 & .0002 ......
Just to easy ..EVERY stock I bought at this price that was heavily bashed made me bank and free shares .But this one has more going for it ..All it takes is time now ...and who does not have that .
And if you bothered to notice ..regarding your socalled " R/S " it says share holders of june 1st are" ENTITLED TO ".....
I'm just pointing out those things that seem to elude you " THE FACTS " .
[ May 25, 2006, 15:20: Message edited by: Intimatrader ]
Posted by dkinvest on :
Whatever dude...just keep your money in PAIM and watch it do absolutely nothing until they prove themselves as a legit company, which that could be a LONG time.
Posted by Intimatrader on :
I will keep my money in paim ......And simply wait
Same as I have done on others .....that have all payed off
I am trying to help you ...I would rather see you make money .....
Remember ....the unexpected can happen at any time .
Posted by dkinvest on :
quote:Originally posted by Intimatrader: Remember ....the unexpected can happen at any time .
Ya, look at QBID...........lol
Posted by Intimatrader on :
Right ..exactly .....and the unexpected goes in two different directions .
Look at usxp ..many are still bashing it ...yet it's going up
And obviousy it would ... it is an extremely watched stock as many are waiting to get into it ...But investors want the traders out first . USXP & RSHN are the two stocks on this board that can explode to over a dollar in a wink .
Well it looks like you and I are not going anywhere .
We are here to stay ..and that means time will prove who is right ...
Prepare to kiss my feet Posted by tyleemary on :
quote:Originally posted by dkinvest: You need some Zoloft dude. lol
Actually, Efexor is better. Now Everytime time I look at a bridge, I just skip across instead of stopping awhile.
Posted by vinnie1 on :
LOL
Posted by dkinvest on :
Ah, the fustrations of being a PAIM shareholder & watching it stay at 0001.
i still hold about a million shares, and my preferred stocks, and all i know is this stock has been getting volume for awhile now....at .0001 you really don't have alot of risk...the upside is tremendous though( if you thumb through all the pennies sitting at .0001 this has to be ONE of the BEST plays...yes its a long but spending $50, 100, 200 bucks to grab some shares could pay off HUGE...my next good gainer and i will buy another million shares or so just to have.....if i have to wait 6 months, 1 year+; as long as steady volume continues you can re-exit for your broker fee...Not Much Too Lose....if it doesn't pan out, no crying here !!! who on this board hasn't had a stock fall $200 or more in a day and sell at a loss , EVERYONE !
Point is the cost/risk factor versus the potential gains!!! Anyone have other stocks at .0001 with this much volume and potential ???
***do your homework**
Ohio_Trader
Posted by Intimatrader on :
Yes ...inteligence in the thread ....You are very right ohio .
And " dkinvest " ....is this guy a comedian or what ?
look what he wrote just above you ...He's trying to sway people who are holding paim to sell ...Obviously trying to harrass and frustrate people to think that it's a bad stock ..At first I thoought he was just funny ..With the picture of the sinking ship and all { that he posted } ..but his bashing is so constant I wonder now if he might actually work for someone or group involed with trying to hurt the paim price .
MMMMMM...Me wonder ? Posted by theExposed on :
Intimatrader,
No point in making it a personal battle for a penny stock! On these boards, people will bash , pump, make you doubt, place fear and so forth and so on. Paim is worth the risk! as they say High risk/high reward, You don't want to take the risk, noone twists our arm!
I hold 5 mil on this stock for the long haul and will follow this saga to the end. If I make money, great ... if not, great! I learn thru my due diligence and information from investors like yourself and many others. Those that have nothing interesting to say or something negative, I verify, analyze and move on. My decision becomes my own.
As you said, expect the unexpected like USXP and RSHN. You make money, you lose money, the back and forth dance is just entertainment. If by chance I lose money on Paim, life will still go on and I'll survive. On the other hand if I make bank on Paim, I'll invite you on my yatch called "Paim no more". Of course bought with my Paim free money GLTA and always invest smart...leave emotions out of the equation.
Posted by Intimatrader on :
I agree ...Now If I can just evaluate what might be going on with my efsf & dcbi shares .
EFSF I believe is simply being shorted again .
DCBI I think was miss- understood in the last PR .
PENNY FOR YOUR THOUGHTS Posted by Bigrod40 on :
Looks like gold production is going to start earlier than originally thought.
"Operation Cagayan de Oro" will be an immediate revenue-making mine, with an initial gold buying and selling to begin the last week of June and early July, 2006. Thus, Gold production will immediately begin after securing the SSMP within the year 2006. "We are looking forward to a positive impact on the 2006 Pearl Asian's Second and Third Quarter Financial Statements," remarked President/CEO Villanueva.
PEARL ASIAN MNG INDS INC Quick Quote: PAIM 0.00 (Even)
Pearl Asian Mining Industries, Inc. Commences Implementation of ''Operation Cagayan De Oro,'' Coinciding with the Start of Gold Trading Operations in Mindanao 5/30/2006
MANILA, Philippines, May 30, 2006 (BUSINESS WIRE) -- Pearl Asian Mining (OTC:PAIM) announced today that its Engineering Team, led by Chief Mining Officer (CMO) Engineer Cesar Rosales, submitted the work plan on "Operation Cagayan de Oro." This is slated to commence the development of the gold mining site once the Small Scale Mining Permit (SSMP) is secured. The site is located about 3 hours south east of Cagayan de Oro (River of Gold) City, Mindanao Island, Philippines, which is approximately 1 1/2 hours flight south of Manila.
Initially, CMO Engineer Rosales reported, "The Team had determined that considerable amounts of gold and other precious mineral resources are indeed present in the area. This is based upon the information relayed by the Higaonon (local tribesmen) elders to the PAIM Gold Team, regarding the historical and current small-scale mining activities of the Tribe's Chieftain.
"The mining operation will start small with a minimum of 3 tons/day production due to manual breaking and hauling of ores. Once we operate the mine, our target is to increase our production output from 3 tons/day to 150 tons/day. The tonnage will increase when we find additional veins for mining. Together with Senior Geologist Reggie Selvano and OIC Engr. Jonathan Mercado we will be conducting reconnaisance and prospecting in the area to look for the best site for our tailings dam. The mining method to be employed is tunneling (stoping). The processing method to be used in our operation is environment friendly and is in accordance with the Pearl Asian's vision and mission. The process will depend on the specific gravity of gold and will not require the use of acids that are known to be destructive to the environment and harmful to health. Of course, actual operations will commence once we obtain our SSMP, which is currently being processed."
The entire mining plant will be fabricated from China. President/CEO Randolf Villanueva and Chief Metallurgist Elvis Hidalgo are scheduled to visit the manufacturing center during the week of June 1st to the 4th to finalize the purchase and shipping of the mining plant.
Sr. Geologist Selvano and group will prospect for additional reserves to assist the operation in providing available veins/veinlets to be mined. Landslide is prone in the area due to hydraulicking, this will be included in the geo-hazard analysis to safely locate the site of our mill facilities and bunkhouses. The present scenario of the area, particularly the environment will be documented, and will be included in our environmental report. Civil Engineer Mike Penalosa will lead the design and construction of the staff house, warehouse and the structures needed in the mill site. Site grading will be done to level the ground in the near future. Backhoes will be used in the tailings dam construction thus making the work fast and easy.
Our Mechanical Engineers will do the planning to install and maintain all the equipment and machines of the mine and mill. Construction of small dams for the embankment of water is to be used for water supply. Brother Manny, the Chief Community Relation Officer, will orient the host and nearby communities regarding the activities of Pearl Asian Mining Industries. He will also address the basic needs of the community such as building schools, a chapel, already under construction, safe water systems, etc. He will coordinate with the Department of Environment and Natural Resources to acquire seedlings to be planted around the mine site, thus helping to develop a relationship with the community.
Chief Metallurgist Engr. Elvis Hidalgo will be in charge of the laboratory analysis of the samples and refining our products. Prior to the mining operation, the Metallurgical Laboratory & Gold Refinery will be constructed on the newly acquired industrial lot. The permits and licenses for the construction of the gold refinery in Cagayan de Oro are already in the process. "We are targeting to start the construction of the gold refinery and laboratory complex in July, 2006," exclaimed V.P. & Chief Chemist Engr. Gary Gotanco.
The Metallurgical Laboratory & Gold Refinery is centrally located, just adjacent to the Airport of Cagayan De Oro, for easy access and transport of the gold & silver powders to Geneva, Switzerland for final Hallmarking and Gold Silver Bullion production.
"Operation Cagayan de Oro" will be an immediate revenue-making mine, with an initial gold buying and selling to begin the last week of June and early July, 2006. Thus, Gold production will immediately begin after securing the SSMP within the year 2006. "We are looking forward to a positive impact on the 2006 Pearl Asian's Second and Third Quarter Financial Statements," remarked President/CEO Villanueva.
FORWARD LOOKING STATEMENTS:
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries Inc. - Philippines
Pearl Asian Mining Industries Inc. - Philippines Gary Gotranco, 650-814-3268 Toll Free: 866-732-7888 Fax: 877-317-4430 IR*PearlAsianMining.com www.PearlAsianMining.com
Copyright Business Wire 2006
Posted by smalltime on :
bellwetherreport.com: The Bellwether Report takes another look into Pearl Asian Mining Industries, Inc
By M2 Last Update: 5/31/2006 1:46:37 PM Data provided by
May 31, 2006 (M2 PRESSWIRE via COMTEX) -- Pearl Asian Mining Industries, Inc (OTCPK:PAIM), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Pearl Asian Mining Industries, Inc developmental and pre-production stage gold mining company with mining interests and claims in the Philippines and Canada, a couple of weeks ago announced that they will buy back approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture.
PAIM will pay par value of $0.001 per share when issuing its convertible debentures. The debentures will be payable without interest in 5 years and be convertible back to common at the rate of $0.01 per share at any time before maturity.
As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest. Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares.
This morning the company announced that its Engineering Team, led by Chief Mining Officer (CMO) Engineer Cesar Rosales, submitted the work plan on "Operation Cagayan de Oro.
This is slated to commence the development of the gold mining site once the Small Scale Mining Permit (SSMP) is secured. The site is located about 3 hours south east of Cagayan de Oro (River of Gold) City, Mindanao Island, Philippines, which is approximately 1 1/2 hours flight south of Manila.
Initially, CMO Engineer Rosales reported, "The Team had determined that considerable amounts of gold and other precious mineral resources are indeed present in the area. This is based upon the information relayed by the Higaonon (local tribesmen) elders to the PAIM Gold Team, regarding the historical and current small-scale mining activities of the Tribe's Chieftain.
"The mining operation will start small with a minimum of 3 tons/day production due to manual breaking and hauling of ores. Once we operate the mine, our target is to increase our production output from 3 tons/day to 150 tons/day. The tonnage will increase when we find additional veins for mining. Together with Senior Geologist Reggie Selvano and OIC Engr.
Jonathan Mercado we will be conducting reconnaisance and prospecting in the area to look for the best site for our tailings dam. The mining method to be employed is tunneling (stoping). The processing method to be used in our operation is environment friendly and is in accordance with the Pearl Asian's vision and mission. The process will depend on the specific gravity of gold and will not require the use of acids that are known to be destructive to the environment and harmful to health. Of course, actual operations will commence once we obtain our SSMP, which is currently being processed."
The entire mining plant will be fabricated from China. President/CEO Randolf Villanueva and Chief Metallurgist Elvis Hidalgo are scheduled to visit the manufacturing center during the week of June 1st to the 4th to finalize the purchase and shipping of the mining plant.
Sr. Geologist Selvano and group will prospect for additional reserves to assist the operation in providing available veins/veinlets to be mined. Landslide is prone in the area due to hydraulicking, this will be included in the geo-hazard analysis to safely locate the site of our mill facilities and bunkhouses. The present scenario of the area, particularly the environment will be documented, and will be included in our environmental report. Civil Engineer Mike Penalosa will lead the design and construction of the staff house, warehouse and the structures needed in the mill site. Site grading will be done to level the ground in the near future. Backhoes will be used in the tailings dam construction thus making the work fast and easy.
Our Mechanical Engineers will do the planning to install and maintain all the equipment and machines of the mine and mill. Construction of small dams for the embankment of water is to be used for water supply. Brother Manny, the Chief Community Relation Officer, will orient the host and nearby communities regarding the activities of Pearl Asian Mining Industries. He will also address the basic needs of the community such as building schools, a chapel, already under construction, safe water systems, etc. He will coordinate with the Department of Environment and Natural Resources to acquire seedlings to be planted around the mine site, thus helping to develop a relationship with the community.
Chief Metallurgist Engr. Elvis Hidalgo will be in charge of the laboratory analysis of the samples and refining our products. Prior to the mining operation, the Metallurgical Laboratory & Gold Refinery will be constructed on the newly acquired industrial lot. The permits and licenses for the construction of the gold refinery in Cagayan de Oro are already in the process. "We are targeting to start the construction of the gold refinery and laboratory complex in July, 2006," exclaimed V.P. & Chief Chemist Engr. Gary Gotanco.
The Metallurgical Laboratory & Gold Refinery is centrally located, just adjacent to the Airport of Cagayan De Oro, for easy access and transport of the gold & silver powders to Geneva, Switzerland for final Hallmarking and Gold Silver Bullion production.
"Operation Cagayan de Oro" will be an immediate revenue-making mine, with an initial gold buying and selling to begin the last week of June and early July, 2006. Thus, Gold production will immediately begin after securing the SSMP within the year 2006. "We are looking forward to a positive impact on the 2006 Pearl Asian's Second and Third Quarter Financial Statements,"remarked President/CEO Villanueva.
Following this announcement, Pearl Asian Mining Industries, Inc traded fairly flat on huge volume of over 150 million as, investors trade this company back and forth on extremely low volatility. Currently trading at $0.0001, this company has become a great trading opportunity as potential has never looked better, giving this company a target of a very bright future. The BWR Research Team will continue to track the developments surrounding Pearl Asian Mining Industries, Inc and other exciting company's.
To review research on small cap companies like Pearl Asian Mining Industries, Inc as well as many more exciting articles we encourage you to visit www.bellwetherreport.com. You can find these reports under the "Today's Articles"
Posted by smalltime on :
Pearl Asian Mining Industries To Purchase Small Scale Processing Plant Up To 16+ Tons/Day Production In The Placer Gold Recovery of ''Operation Cagayan De Oro''
By BusinessWire Last Update: 6/6/2006 9:00:16 AM Data provided by
MANILA, Philippines, Jun 06, 2006 (BUSINESS WIRE) -- Pearl Asian Mining (PAIM) announced today that President/CEO Randolf Villanueva and Chief Metallurgist, Elvis Hidalgo had a successful visit to China in order to purchase the gold processing plant designed for the "Operation Cagayan de Oro" Project.
President/CEO Randolf Villanueva and Chief Metallurgist, Elvis Hidalgo met with Mr. Xie Feng, the manager of (CNGC) China National Gold Corp. - the biggest gold mining company of China with an annual gold production of 70 tons. They visited Shenyang to see the Tianlin Gold Processing Plant & Refinery and the town of Dalian which is the manufacturing site of their gold equipment to be used for Placer gold recovery.
President Villanueva and Chief Metallurgist Hidalgo brought along at least 30kg of Gold Ores from Cagayan De Oro's mine samples for testing. "We ran their equipment using our ORE as feed. We are very impressed on the capability of the equipment - it really works! They gave us live demonstrations and we have witnessed that the equipment are indeed very useful in our gold projects in Cagayan de Oro. We were able to extract some gold from the samples that we brought!" exclaimed President Villanueva.
They also visited Dandong, a small scale minesite some 50 miles away from Dalian, which uses the same processing plant that PAIM will buy and use for its mine site. The Gold Processing Plant will be fabricated and should be available for delivery within 2-3 weeks.
Pearl Asian Mining Industries, Inc. (PAIM) is looking forward to a continuous gold mining operations in the City of Gold - Cagayan de Oro and its first gold productions to begin in July, 2006!
Posted by J_U_ICE on :
Pearl Asian Mining Answers The Commonly Asked Questions of the 90% Buy Back of Its Issued and Outstanding Common Shares Pearl Asian Mining Industries, Inc. answers the commonly asked questions on the 90% Buy Back or approximately 27,000,000,000 of its issued and outstanding common shares using a convertible debenture. Pearl Asian has no intention to hurt the PAIM Shareholders. The buy back is another creative and positive tool in reducing PAIM huge public float, thus benefiting all the shareholders and the success of producing gold by the company. Pearl Asian continues and will ever respect to cherish all of its shareholders, from the smallest to the largest and from the poorest to the richest! (Q1) If I have 50 Million shares bought at .0001. The company is saying they are taking 45 Million out of my account and giving me an IOU for $45,000 which after 5 years I get to keep but I lose my debenture shares. So after 5 years, I am left with 5 Million shares and 45,000. Anytime before the 5 years is up, I can turn my debenture shares into free trading shares for a cost of .01 cents a share, but I can only do this for 10% of my debenture shares. So if I choose to turn my debenture into free trading shares I am left with 5 Million shares from my original purchase and 4.5 Million shares from the debenture, but it cost me $45,000 to convert them. So I will be left with 9.5 Million shares and out $45,000. The company is in effect paying $45,000 for 45 Million shares, they could buy on the open market right now for $4,500.00. They are paying 10 times what they are worth. What am I missing here? Why would a company do this? (A) Yes, you have it correct. However, the reason to pay with a note instead of cash is that the company doesn't have the cash available to buy that many shares out of the market. If we tried to buy that many shares (27 billion) out of the market it could cost more than $0.001 on average, because as the supply decreases the price will increase. We thought that $0.001 would be fair for several reasons: $0.001 is the par value and since debenture holders will have to wait 5 years there is a discounted value less than $0.001 before maturity. And with the $0.001 price it makes it possible for the debentures to have a market value (should a market emerge on the Yellow Sheets) higher than $0.0001. (Q2) Can you clarify something for me. In my case, of having 50mil shares of PAIM. I know I keep 5mil and 45mil I bought out. If I wanted, I can sell at anytime and get $45,000 cash; If I stay, I’m guaranteed $450,000 in 5 years or less. My thinking is, I would have received that amount anyway if the value hit $0 .01. That’s where I’m lost. What if the value hits $0.02, etc. do we lose out on that opportunity? (A) Sorry for the confusion, but PAIM will only be obligated to pay you $45,000 after 5 years if you do not convert back to common stock at the rate of $0.01. For the $45,000 debenture to become worth $450,000 the stock would have to go to $0 .10 per share. But you would have to first convert your $45,000 debenture to 4,500,000 common shares and sell those shares for $0.10 per share to realize $450,000. In that case your other 5,000,000 shares would be worth $500,000 if you held until they hit $0.10. If the stock goes to $0.01 your 5,000,000 shares will be worth $50,000 and if you cashed in everything at that point you would have $95,000 including converting your debenture to common stock and selling those shares at $0.01. You can not cash in your debenture during the 5 years with our company. But if a market develops for the debentures you may be able to sell the debenture into the market at a discount before maturity, or even a premium if the stock closes above $0.01. (Q3) What will happen to our preferred shares if we do not convert? (A) You can keep the preferred shares as long as you like, and we hope they will increase in value over time. (Q4) I’m new at this investing stuff. I read your May 5th article on Big Charts.com and I’m not sure what this all means I’m real new at all this investing stuff. I bought 1,300,000.00 shares (130.00) in the company and I follow it everyday. I noticed at the bottom of my streamer page that there is an additional 200,000,000.00 shares added to this with no price, can you explain this to me. Do I need to sell this back to the company and if I do will I keep the 200 million shares? (A) It seems strange that you would receive 200,000,000 preferred shares if you only bought 1,300,000 common shares. The preferred shares do not have a symbol yet so there is no market value yet. If you own your common shares on the conversion date 90% of those shares will be converted to a debenture at the rate of $0.001. We gave an example in our press release using 1,000,000 common shares as an example which may help you understand this. We will publish our Q&A page on our web site where we have answered various questions about this subject and we hope this will be helpful as well. (Q5) Hello can you tell me what is naked selling and how does it happen? (A) This happens when Market Makers or Hedge Funds sell shares through the market that they do not own and have not borrowed. On July 3rd, new rules should make it so that shorting in Pink Sheets companies will be published, so we will get a better understanding how much we have been victimized by this plight. (Q6) I was reading your article on May 4 on the buy back of 90% of the float. I see that if you’re an owner on June 1, on the 15th you‘re entitled to the debentures. It wasn’t clear on your article if you must convert your share or you can hold the common. Can you please clear that up for me. I would like to know if I can just own the common stock I own now or must I have debentures? (A) We are currently considering making the conversion automatic, so that we accomplish the goal by reducing the number of common shares outstanding without a reverse split. (Q7) Does today's news of 5/4/06 say that my shares/money is locked up for up to 5 years? Is 10% of it is open for trading? (A) You will have 10% of your shares to trade and possibly as high as, or higher than .001 due to supply and demand factors. In this example, if you bought at .0001 and then after conversion sold at the remaining 10% at .001 you would have your investment back and the debenture would be profit, with none of your initial investment tied up. Furthermore, it is possible that you will be able at some point to sell your debenture for a percentage of face value, and/or convert it to stock at .01 per share. Since PAIM has more than 3,000 shareholders, there is a reasonable expectation that a market will develop over time for PAIM's convertible debentures at a percentage of face value. The market value of the debenture, if any, should increase as the maturity date approaches. Based on other factors such as the market value of the common, and future failures and/or successes of PAIM will all be contributing factors. (Q8) I have 50 mil shares right now. Does it mean 45mil shares are locked up for up to 5 yrs? (A) No, it means that PAIM will owe a debt to you in the amount of $45,000. And you will no longer own those 45,000,000 shares, but only be able to convert back to 4.5 million shares if you elect to convert the debenture to common. (Q9). And I can trade 5 mil now?? (A) Yes, and before the conversion date you can trade your entire position, but the less you own on the record date, the less the amount of the debenture you will receive on the conversion date. But you may have meant, "Can I trade what will be my remaining 5 mil shares after the conversion of my other 45 million shares?". The answer to that question is, "Yes!”. (Q10) How many more shares will be dumped sir? (A) We have no control over shareholders selling their shares on the open market or market makers naked shorting. (Q11) What would happen with our dividends with this news release? (A) The buy back could increase the value of the preferred shares. (Q12) How will the new outstanding shares and float numbers affect the Buyins numbers? (A) What new outstanding? The common outstanding remains approximately 30 billion. The buyins report is not based on the float as far as we understand it. (Q13) Would you please confirm the stock dividend of 1000 for 1 preferred shares to the holders of PAIM.PK as of record date 3-15-06 and pay date 3-31-06 if a holder has 1000 shares of PAIM.PK how many shares of PAIMPR will he receive? (A). If you owned 1,000 common shares of PAIM in your brokerage account at the close of business on March 14th you should have received 1,000,000 preferred shares. (Q14) Regarding the preferred stock, when was the cut off for getting the Preferred Stock, as I had my common stock bought by March 13, 2006 (A) If you bought on the 13th and held till the 15th of March 2006 you are entitled to the dividend. (Q15) I have 900,000 common share of PAIM that I have bought through my account at Scottrade.com. I know that Pearl Asian Mining Industries was doing a preferred stock for people who had common shares. I am confused at what the rate is for the common to preferred is, it seems I have a 1 for 1 rate. I have 900k preferred shares, I bought my common shares 500k on March 6 and 400k on March 13. Please can you inform me of what the correct rate is for shareholders please, that way I can contact Scottrade if there is any issues. (A) Perhaps Scott trade can't put that many digits in their computer. You should have 1000 preferred for every 1 common. (Q16). I’m going to try this again, appeared my first one kicked back. I see that I received the dividend. It has no symbol yet. Any idea when it will be up and running? Is the value starting at .00000001? I think that’s what I got from the news. Will that trade openly just like paim does? (A) The Preferred has no symbol yet. We hope that this month to see it up and running. Yes the par value is .00000001 but we have no idea what the market value will be if any. We can't predict how it will trade. (Q17) The reason I am asking this question again, is that I would like to convert the preferred shares into a stock certificate. How I understand the issuance of the preferred shares is this way: I keep the 500,000 shares issued into my account for 1 year in form of a certificate. Then, after 2 years I get rewarded with another deposit of shares into my account, according to the formula for holding the shares for 2 years. Then, the same occurs, after holding the shares for 3 years and so on until after 5 years? If this is correct, please, let me know. (A) If you owned 500,000 common shares you can keep those in your account and request 500,000,000 preferred shares. The longer you hold the preferred shares the more common shares you will receive if or when you decide to convert the preferred into common. The common shares you own do not effect the preferred you are entitled to. Hope this helps. (Q18) I have been investing in stocks for 8 years and in my opinion there is a lot of confusion about what the float is and what really remains of the restricted shares. It made no sense that we had days of trading of 3 to 5 billion shares, and the price would not move, if there was a 5 billion float. Maybe someone converted 10 billion shares of stock and put it into the float and sold out. If there is a 15 billion float and a major stockholder sold shares, this would explain the huge volume. I recommend that a true picture of the number of shares in the float and the remaining restricted shares be ascertained. The company can easily find out who sold huge share blocks and who are the owners. It seems that 10 billion shares were possibly converted and sold. This would explain why there might be no Naked Shorts and a huge volume with no price change. Buyins should be able to find this out. I own 345 million shares and will increase my position. (A) We are investigating to get to the bottom of the actual float. It seems that many of our large shareholders have deposited shares but there are 2 billion Objecting Beneficial Owners according to ADP so we don't know who they are. I believe the float may be 15 billion or higher but the outstanding remains around 30 billion. (Q19) Doesn’t every company have its own market maker who promotes the stock? If they do what is PAIM's market maker doing to BOOST the PPS ?? (A) MM only represents themselves or retail shareholders but not the company. Sometimes MM become bullish on a company and will help when they can, but they have lots of rules and regulations to follow. (Q20) I am a stockholder from Belgium. I don't really understand what you want to do to increase de stockholders value ; your last PR is in my point of view a reverse merger and in such a case the stock value often decrease. (A) No, this has nothing to do with a reverse merger, and we hope that this action will increase shareholders' value in PAIM. (Q21) Your previous PR about dividends was not correct; they are totally restricted (not possible to sell them this was not mentioned in the related PR. (A) Because there is no symbol yet for the preferred does not mean they are restricted. No market can develop until a symbol is created, which we hope to have in the near future. (Q22) Is there any prospects for the future of this company, you seem, by your web-site to believe in GOD, as I do. I hope some honest insight will be forth coming. (A) We are working day and night to make PAIM a successful and profitable company. Keep the faith, and may God bless you abundantly. (Q23) Why is the stock .0000 ? Is this how that market works sir? (A) Supply and demand determines the price per share but the stock rarely ever trades below .0001. (Q24) WHERE ARE all the shares that are selling coming from?? (A) From all the shareholders and we believe also from naked shorting, but will have to wait until the new rules are effective to learn the amount of shorting. The Company has not sold any shares privately during the heavy volume that has recently occurred, (and has never sold shares publicly at any time). I've done a little research and learned that people believe because PAIM trades OTC unsolicited Pink Sheets, that Market Makers can not buy and sell shares for their own account. However, from what I have learned, that rule only applies when the Market Maker puts his or her call letters on the Pink Sheets. If NITE, one of the market makers, for example, doesn't show their call letters on the Pink Sheets, it is my understanding that they can buy and sell (short) for their own account through verbal and electronic orders. There are hundreds if not thousands of Market Makers that do not show their names on the Pink Sheets for PAIM so in theory any one of those could sell short. Sometimes you see market makers come and go more than once in the same day. There could be two reasons for that. One is that they indicate retail unsolicited orders only while they hold same. Or, decide they want to buy or sell for their own account, so they drop their call letters from Pink Sheets while not indicating the retail orders they are working. There is also the possibility that some of the powerful market makers, for example such as NITE break the rules and pay big fines when they get caught. I remember reading somewhere that they paid huge fines in the past. (Q26) What are PAIM's goals for this year, 2006? (A) (1) Get all the Pearl Asian Gold Claims into production. (2) Report profitability within this year.(3) Register and move into a new listing (4) That all current PAIM Shareholders will be able to sell their shares for a profit, and all PAIM’s employees and its host communities be happy and successful. (5) Make PAIM the leader in the Philippines Mining Industry. (6) Continue to share with the poorest of the poor in the Philippines through donations, job creation and community development. ABOUT THE COMPANY: Pearl Asian Mining Industries, Inc. is a fast growing gold mining company that is in its active exploratory, developmental and pre-production stages with mining interests and claims in the Philippines and Canada.
Posted by amswap on :
Translation - blah, blah, blah blah blah, we've figured out another way to shaft you poor saps who keep throwing us money.
At least thats the way I read it.
Posted by BuyTex on :
Stephen Hawking is light reading, compared to that thing...
Posted by J_U_ICE on :
Pearl had to be laughing while she was answering these questions.
Posted by wallymac on :
I read the answer to #1 and that was all it took. What an unbelievable Scam. It's got to be a twist on the I have a check worth $5,000 but don't have a bank account. If you go in the bank and withdraw $500 from your account I will sign my check over to you when you give me the $500. People fall for then try to cash a worthless check and are out $500.
Same premise here.
Good Luck Wally
Posted by cactus33 on :
WOW, hahhaa.. thats unreal.. when will the end come for this dog?
Posted by SuperSniper00 on :
well...investors can throw it in her face when they sell all their shares and she buys back 90% of the shares and doesnt get any money from the people
Posted by BuyTex on :
When an Interpol SWAT team crashes through the walls of a California mansion and interrupts a new one being hatched by Elvira, Sandy, and Mario, sending a bevvy of adled, bikini-clad bimbos scurrying through French doors and beyond the pool into the drooling fangs of roving coyotes, as Armani-clad Filipinos rush around burning bonds and debentures issued by the Dominion of Mechelzidek....
Posted by SuperSniper00 on :
sandy, elvira and mario would be the end to like 10 of the most favorite pinks on this board
and there are no armani clad filipinos, they hardly have the resources to conduct raids and arrests in their own country
Posted by Wit on :
Had to come & see what all the hype was when I saw this at #1 on the board.
I wanted to know who dug this up from like the 10th page??
I thought it was laid to rest.
I see the comedy act continues in the great land of Mechelzidek. lol
Posted by BuyTex on :
quote:Originally posted by SuperSniper00: sandy, elvira and mario would be the end to like 10 of the most favorite pinks on this board
and there are no armani clad filipinos, they hardly have the resources to conduct raids and arrests in their own country
lol, you think Pino and Gamboa hang out ini the Phillipines?
Posted by SuperSniper00 on :
probably......i wouldn't doubt if they were lovers
Posted by amswap on :
It boggles the mind to wonder why people would consider this one.
Posted by J_U_ICE on :
quote:Originally posted by amswap: It boggles the mind to wonder why people would consider this one.
everyone is looking for the lotto ticket at.0001
Posted by amswap on :
There a purpose for this Tick? I mean other than to waste time and space?
Posted by Intimatrader on :
I know the news today was alarming .....But confussing too. And that implies it's not fully understood . I would like the brightest among you to give me your real thoughts on how to handle this since most here are holding shares . That is if you can stop laughing and joking about this whole debenture thing to answer honestly .
Do we "panic" sell { if possible & at .0001} to get the hell out .
Do we hold .....And sell after the 15th by converting back to common { at I believe .001 }
OR ...do we continue to hold all shares as they are bound to go up in value with less shares available to trade and keeping the debentures as additional 5 year long term profit .
And did you notice ...one of the questions came from a man owning " 345 million shares " who said he will be increasing his possition . His question was one of the best thought out and showed him to be a knowledgable and intelligent investor .
It does not sound like he is going to sell off ...And that has me thinking .
This is important so I would like solid answers here .
PENNY FOR YOUR THOUGHTS
Posted by BuyTex on :
hire an attorney...a good one
Posted by Intimatrader on :
TEX .......I can be funny too . But for now I will save that for the PRRM thread .
What I need now is serious people giving serious feedback so that I can make what I feel is the right decission before the 15th .
Take your funny cap off and put your smart cap on . Posted by BuyTex on :
Not being funny...(and I doubt you can be--dangerous, maybe...)
Lottsa legal issues involved in all that...better get a good securities attorney
Posted by Intimatrader on :
In other words ....
Your basically saying the only thing your good for here is unlimited bashing .I asked for some serious unbiased imput on the question and answer letter from paim .Ofcourse theres legal issues you idiot and specific math to understand . IF YOU DON"T KNOW ....then say you don't and stop trying to be MR. "know it all" on a company when it comes to bashing and MR. "no nothing at all" when it comes to legitimate information on a company .
I have made money on PAIM and have a lot of free shares .....Now I need to make the right decission regarding these shares . There is obviously some capacity of value here and all of us that own these common shares need to be smart about this . To panic sell , to not panic sell and hold or to hold then sell in time are all important questions ....That you seem not capable of answering .
But hey TEX ....Thanks for all your negative post on PAIM ....If anyone wants the negative on a stock your the "GO TO MAN" for that .
But a stock is more about the negative against the positive . We need all legitimate information and not just negative , negative , negative . All my PAIM shares are free plus it gave me cash to buy AWBV,VWKM & JMCP { and all at .0001 } . IT also gave me 45 billion prefered shares . I am aslo capturing dividends from awbv & vwkm { thanks paim } . In two days VWKM will put 15% more shares in my account . AWBV is giving me two dividends { record dates june 15th & july1st } .
Since my 45 million paim shares are " free shares" I realisticly can't lose money . I sure can't lose when I already bought the other stocks and their already creating gain themselves { dividends first } then I believe higher share price .
But the paim shares obviously have value ...and TEX .....you can not say with honesty that they will not increase.
When you start pumping out negative & positive information for us I think it will prove you a better man .
As for me ....I have some serious questions on paim ....But I'm sure not ready to call paim shares toilet papper either .
PENNY FOR YOUR THOUGHTS
Posted by cottonjim on :
All I know is I can't sell at .0001. THere is something really wrong with that.
Posted by amswap on :
Intimitrader, there is absolutely nothing valuable about this stock. IT IS A SCAM run by CON ARTISTS. What part of that don't you understand? Sure, if you can sell, you might make money once in a great while. There are a ton of shells that have never made a dime in revenues that have made a lot of people a lot of money. PAIM continues to play tricks and the longer you stay in this one the better your chances of eventually losing it all. They will eventually dry up and blow away taking your money with them when they do. They'll milk it for every cent they can first. You can expect to lose staying in this one. After seeing them cheat so many people so many times, there is little else to do but bash this one. Talk to anyone who knows, and I mean really knows stocks and see what they say. Opinions on this board are cheap and you get your money's worth most of the time. All IMO.
Posted by wallymac on :
Intimatrader:
From your posts, it seems that your mind is made up. Yet you ask for opinions and then bash those opinions because they don't coincide with what you believe. If you already have the answers don't ask.
If the debenture deal is so great, why hasn't the financial industry jumped all over it? Simple they know a scam when they see one.
Basically this is a 90% reverse split that the company says they will make up to you 5 yrs down the road with nor interest and they have not once said they would retire the shares they obtain in the creatively worded buy back. Which means that they can go ahead and reissue those shares again. CD's are used to fund a company. So you can be sure that they will issue the shares in order to get more money.
Take a step back. really look at what they are doing and it isn't all that hard to figure it out.
Posted by Intimatrader on :
Ok amswap ..I understand that ......But it seems to me people are more confused about this debenture than knowing what it means . And the company has not failed by not doing what they set out to do either .... They are gearing up to excavate and actually mind gold and other precious metals . And that needs to be financed . Their time frame has not changed but rather investors patience has . Clearly reading these threads I can see traders have little patience and short memories . I will be the first to call paim a failer and a scam ...if it FAILS & scams us . But that is not the case at this time . I hold 45 million shares and thats more than some of you ..yet I don't want to panic sell I prefer to think logically about this . I might try and sell ...then again I might keep all ...I don't know yet . But frustration from people that are tired of sitting at .0001 will not give me the solid answers I need .
And Cotton .....The reason you can't sell easily at .0001 is that their are a lot of panic sellers in front of you trying to sell at that price .And more in line to sell at .0001 since yesterdays news . They are confused and cared ...that is why they are selling .
It seems paim has no less drama among people that post then many of the .0001's that I have already made bank on .
And paim has the same important strong points now that it had when I first started researching it months ago . But with one important difference .....Now they are closer to excavating , processing and selling gold and other precious metals to market .
Are all of you assuming it will never get to that point ? Gold and other metals exist in large amounts in the sites that paim now has rights too { as per documented assay reports } .So what am I missing here . Show me a stock that sits at .0001 where traders are nice to it . But after the .0001 period some stocks actually do very well and it seems the same people now love them and want to marry the company . Show me a company that puts out a confussing PR and I will show you a bashed stock . Confussion equals bashing everytime ...If people don't understand it ..they bash it .
When people do not understand they always ASSUME the worst .
I don't assume and I don't pay attention to emotion . Other than using the emotions of others to make gains in the market .
I'm just saying ...While I have questions ...I can see paim is very very bashed .
And I have made a lot of bank from a lot of stocks that have been very very bashed .
Now tell me once again Amswap ....why you think they will never get to pulling gold out of these mines . Becouse surely you know what happens if they do .
PENNY FOR YOUR THOUGHTS
Posted by Max Shrap on :
Is there ANYBODY NOW that doenn't know that this is a R/S? I said this weeks ago when the PR first came out about the "BUYBACK." Sell as much as you can, and average down when the thing bottoms out again.
Posted by amswap on :
Why do you assume they are all panic sellers? Could it be that they realize they will be stuck with a stock that could have this exact same thing done 100 times in 5 years is simply not worth it? You talk about assumptions, yet you are doing the same thing in the other direction. I can only speak from what I have learned about the company and the people running it that it is very unlikely they will ever get to the point of even taking a shovel to the site. Yes, I could be wrong. I am going by what I know about the company. I am not scared or worried about what they will find since I don't believe they have plans to do anything. Any company out there in the gold business can buy the rights through an auction. Have you figured out what they really have rights to or are you taking someone else's word for it? Are you taking Pearl's word for it? Look back at all the past threads over the past several months and see what their prs actually say. Anticipate, believeing, should, closer and all these words are stated just right for a reason. They can't be held accountable to the shareholders if they claim it and it doesn't come to fruition. Hey, they tried. If PAIM exists in 6 months, you'll still be hearing excuses why they can't get underway, but just wait, we'll get there and in the meantime they have played with the stock and manipulated it so much that they resell the same ones dozens of times and laughing at people like you all the way to the bank. Sorry to be so negative, but I still can't see why you would consider this after doing some serious DD if you have bothered to do any. If you are making money in the market and that is your goal, there are too many legitimate ones out there I would take a chance on first.
Posted by BuyTex on :
Intimi,
I'm an "idiot," yet look at how many words have been spent since you called me that... Anybody's minds been changed?
Lemme ask you something--have you ever seen a deal like this?
Posted by richie on :
LOL sorry guys this stock really sucks
Posted by Intimatrader on :
Did you see the part where I made money on paim .That I'm riding free shares ..That paim bought me awbv , vwkm and jmcp and two are paing me divi's . That I have 45 billion free prefered and 45 million free common .
Keep in mind I'm not saying the debenture is a good thing . And I wish they did not do it . Just my thoughts about it ....But if excavating starts and gold is pulled from the mines then it is as irrelevant as how long the price sat at .0001 { except for putting more money or less money in the hands of share holders } based on what we do with the shares now .
Posted by Max Shrap on :
If you think about it, a 10 to 1 R/S is not a devastating move. I have seen a lot worse. The O/S will go down to 3 billion, assuming they haven't diluted it since last time I checked, and there will be some great PR toward the end of the year that should take this thing above .001, so you may survive this rollercoaster ride in the long run, if you aren't able to get out now.
Posted by amswap on :
I think I'll wait until after the dust settles on the r/s and then pick some up at .0001. I don't see it moving from there no matter what they do.
Sorry, I was kidding about buying shares. You would have to pay me to do that. Why? They will never know if there is gold there because all they want to do is manipulate a stock for their own gain. There will never be a dime in revenues. Keep this in your thoughts and give me a big I Told You So when it happens. May take 10 years or so after they have made their billion off easy to manipulate traders.
Posted by Intimatrader on :
Yeah ...no problem .....
But to be honest ..I think paim is one of those stocks that will be bashed , trashed , made fun of and then make it big . I think they will excavate ...and I think gold will be processed and sold . And I think that will also create revenue and financing for themslves . In africa ....whole herds of antlelope stampede over cliffs to their deaths becouse several panicked and ran first . The ones that remain are the smartest and although the heard is smaller they all have more food and water .
I see a stampede here ......... Posted by BuyTex on :
so, have you ever seen a deal like this?
Posted by Sith Trader on :
Nothing will happen on the 15th.
We will still have all our shares that trade at .0001.
Buyback is a fakeout, a joke. Wont happen.
2 weeks from now, PAIM will cancel the buyback.
Posted by Intimatrader on :
That is interesting .....
I'm curious about his statement ...I called Td ameritrade and they had nothing to tell me other than the same PR we have all seen . With the debenture buy back two days away I would have thought they would be sitting on current info to prepare for the transition of shares for CD's . on thursday the 15th . I called my friend in the philipines to ask if there is any new news she can tell me about paim . She said paim is well liked , still in the news and on target to begin excavating . There was some talk of the first parts to the first processing unit arriving and they seem to be prepaing for it . Some roads have been cleared of debre and others widend in anticapation of trucks and equipment she believes . She will keep me posted further .
PENNY FOR YOUR THOUGHTS
Posted by amswap on :
I started the process of researching all the dilution, buyback, reverse splits and everything I could find on this company to present to you, but I changed my mind. If you want to waste money in this stock after seeing what you've seen through your own DD, if you even did any, then there is nothing I can do to prove to you that this is a scam. You might as well light a match to your money as opposed to putting it in this stock. It will eventually get you the same result. Look at the seasoned investors on this board alone and what they have to say about this stock. They know what they're talking about. You have your mind made up and you are somehow convinvced that you are going to make money. No point in talking about it any longer. You don't want debate, you want us to tell you it is a good thing. The only ones who will tell you that are people who don't know how to read between the lines when there are no lines. Sorry if it appears I am calling you stupid, but I think in this casse it is only ignorance and you will learn from this one in the near future. I don't wish you bad luck at all. Many of us have been where you are on this one with all the facts and the hype and the positive news to wake up one morning to find you can no longer trade the stock. It's gone and there is nothing you can do about it but say adios to the shares you had. Trust me when I say we speak from experience.
BuyTex has asked you 2 times if you have ever seen a deal like this one before and you have chosen not to answer him. Why is that? If this is such a sure thing, it should be an easy question to answer.
Posted by The Phat Man on :
amswap, you're dead on. sry to all who are in paim. naturally, these boards (being friendly as they are) want to see you make money. but this stock and 99.9% of others like 'em are completely bogus. they're as wrong as DNA is right. GLTA,
Posted by MakeMoney on :
Have any of you been able to execute a sell. If so what MM? 500mil shares traded and Ive been trying to unload 3mil for 2 days.
Posted by SincereX13 on :
probably so many sells set for .0001 that 500mm can be traded at .0001 and not even scratch the surface. I have 1.5mm on sale for .0001 for a couple of days and nothing. Oh well we are pretty much stuck to see how this debenture thing goes. 150 bucks I could care less if I lose it all though I'd prefer not to.
Posted by Sith Trader on :
we can all sell next week since nothing is going to happen
buyback is a fake. all will be same next week.
Posted by Intimatrader on :
My best friend called from philipines ....trucks arrived bringing some kind of huge equipment . Locals being hired on standby ....Markers were being placed in roads using reflective material ...and reflectors placed on trees along side roads ..She thinks they are getting ready for night driving , transporting and activity in the mine sites . Might be for 24 hour shifts when digging begins . She is going to drive in closer next week and try to take pictures for me ......I want to see pictures of what their setting up . I will keep everyone posted .
Posted by ruthie on :
Intimatrader, thanks for the info....
Posted by Sith Trader on :
quote:Originally posted by Intimatrader: My best friend called from philipines ....trucks arrived bringing some kind of huge equipment . Locals being hired on standby ....Markers were being placed in roads using reflective material ...and reflectors placed on trees along side roads ..She thinks they are getting ready for night driving , transporting and activity in the mine sites . Might be for 24 hour shifts when digging begins . She is going to drive in closer next week and try to take pictures for me ......I want to see pictures of what their setting up . I will keep everyone posted .
we need the photos bad
post all photos
Posted by Intimatrader on :
Your welcome ......she is going to try to take pictures next week . She is a nurse and has next week off . If she is sucessfull with any pic's I will share them ....
How do you guys post picture here ? When I post on this tread I see nothing asking me to brouse for a picture ...How do I do it ?
Posted by megahead34 on :
I own only 2 million shares of PAIM, just for kicks...but if what Intimatrader is saying is true, then thats good news. But who knows, we have no evidence. We need some pictures big time.
Posted by Sith Trader on :
images
use the full URL for the photo between the 2 brackets
[im g] [/im g]
omit the space
Posted by amswap on :
One thing to keep in mind is that pictures are easy to fake and manipulate. Just like this stock has been doing. Even if you share pictures, how would anyone know they are legit? They could be pictures of REAL companies digging or completely made up all the way around. How do we know this nurse friend of yours isn't going to be helping you continue to pump this one? Not saying it isn't happening, but pictures posted won't tell me anything either. Maybe the price will go up with other gullible buyers.
Posted by tyleemary on :
I can take some of the trucks digging the basement for my new house if you like ??
Posted by Intimatrader on :
Not pumping ....telling facts and giving my insight to what is going on " is not pumping "
I want all news to study ..I will decide who of you are bringing negative and positive information to the table for all of us to study and who of you are bashers & pumpers .
As for the pictures ...yeah ..you don't know how valid they might be . Well I'm not going to lie... and she is my best friend . If she is able to take any pictures and send them to me " they will be real " . Count on it .
First she has to be able to get close enough to do that ...Second ....I will ask her to hold up the local philipino news paper to show date and paper title fo us .
What else do you suggest ..? Posted by megahead34 on :
So, today is the 15th, whats going to happen?
Posted by Sith Trader on :
quote:Originally posted by megahead34: So, today is the 15th, whats going to happen?
nothing at all
all will be same next week
Posted by football on :
Does anyone know what happend with all the paim dividend shares we got a month or so ago. I had them in my etrade account and now their gone.
Posted by Mudpuppy on :
I received an envelope from eTrade via FedEx today -- in it was a letter, and a stock certificate for 3 billion shares of PAIM. The letter said the shares were no longer in my eTrade account, and that eTrade wouldn't be handling the shares any longer. The letter gave me the name and phone number of someone to contact if I had questions about the shares. The quantity of stocks listed on the certificate reflects the "1000 for 1" split.
Uh, so what do I do with them now?! The certificate looks like it would make an interesting conversation piece if I framed it and hung it on the wall Posted by Sith Trader on :
quote:Originally posted by Mudpuppy: I received an envelope from eTrade via FedEx today -- in it was a letter, and a stock certificate for 3 billion shares of PAIM. The letter said the shares were no longer in my eTrade account, and that eTrade wouldn't be handling the shares any longer. The letter gave me the name and phone number of someone to contact if I had questions about the shares. The quantity of stocks listed on the certificate reflects the "1000 for 1" split.
Uh, so what do I do with them now?! The certificate looks like it would make an interesting conversation piece if I framed it and hung it on the wall
you need ameritrade bad
what you describe is garbage
Posted by Mudpuppy on :
I didn't assume the certificate was worth anything. I sold my PAIM stock (at the same price I paid for it) after the split happened, which I guess still made me eligible for these "special" shares. I was sort of serious about framing the certificate and hanging it up as art, as I don't have any other hopes or plans for it!
In any case, I posted because someone asked why their PAIM shares vanished from their eTrade account, and I thought this might help explain it.
Posted by tyleemary on :
quote:Originally posted by Mudpuppy: I didn't assume the certificate was worth anything. I sold my PAIM stock (at the same price I paid for it) after the split happened, which I guess still made me eligible for these "special" shares. I was sort of serious about framing the certificate and hanging it up as art, as I don't have any other hopes or plans for it!
In any case, I posted because someone asked why their PAIM shares vanished from their eTrade account, and I thought this might help explain it.
Mine are gone from my Etrade acct also. Guess I will look for that envelope. It would look good over the toilet.
Posted by BuyTex on :
quote:I want all news to study ..I will decide who of you are bringing negative and positive information to the table for all of us to study and who of you are bashers & pumpers .
wrong...
lol, for one thing? judging from the bulk of your posts--at least recently--you'd have everybody on the board into every .0001 play out there.
I haven't even looked over here since you refused to answer my earlier question.
Am I gonna havta follow you around like some trouble-child?
c'mon, man...
Posted by RWGATORBLUE on :
Got my PAIM certificate via FedEx yesterday. Looks nice but not worth anything. As Mud said earlier, I sold my PAIM some time ago but I sold after the divi date so I still got the certificate. My hang mine up too Mudpuppy.
Posted by SuperSniper00 on :
Didn't PAIM say we could convert the preferred shares??
Should be a nice conversion if PAIM trades at more than .0001 after this buy back deal.
Posted by jellybean on :
Can covert preferred shares in a 5 year time span. My Paim preferred shares are in my account. You will get a certificate if you requested one from the broker. After the buy back the common stock will be at .001 and increase as mining operations increase. We will all be very happy with the final outcome!!!
Posted by Relentless on :
quote:Originally posted by BuyTex: so, have you ever seen a deal like this?
lol.. once or twice
Posted by T e x on :
really?
a "buy-back" with shareholder dough?
Posted by Relentless on :
"Pearl Asian did not receive any proceeds nor has it gotten any financial gain during the huge volume trading of its PAIM Stocks. Nor did the company or its large insiders ever dump any of its common stocks into the market and public float from January 26, 2006 to the present." LOL.. but ohhh buddy.. on the 25th they were a dumpin like crazy.
"June 15, 2006 Pending - 90% Buy Back of the Issued & Outstanding Common Share or approximately 27,000,000,000 Common Shares using a Convertible Debenture payable at $0.001 par value at maturity of 5 years, with no interest. However, can be convertible to Common Share at any time during the 5 years for a price of $0.01 per share."
No revenues to really speak of but they can somehow afford to buyback twenty seven billion shares?
Posted by Relentless on :
"REVENUES Interest Income $ - $ 192 FOREX Gain - 41,600 Total Revenues - 41,792"
LOL.. they're revenues came from currency exchange rates..LOL
Posted by T e x on :
Ohhh, man--for real?
You'd be the one to spot it, lol. Never even crossed my mind...
If you gotta good handle on that, post it on i-hub, too. Jim & Janice are having a blast with this thing, but I don't recall that coming up...
Posted by Relentless on :
lol.. it's right there in their last filing.. they made $192 from interest and fourty-one grand from forex.. lol.. not a cent from whatever it is they say they do.
Posted by T e x on :
excellent find...
Posted by Relentless on :
Still not sure where they are going to get the cash to buy back 27 billion shares with a net loss for income?
March 31, 2006 Cash Flows from Operating Activities Net Income (loss) $ ( 78,034) Posted by Intimatrader on :
Relentless ....Seem pretty sharp ..So let me ask you ...
If a certain person had 45 million shares 0f paim { that he -thank god - bought at .0001 } the lowest point ....What would you suggest he do now that we are pending some wacky and confussing debenture and not knowing how long or if gold will take to be excavated .....
I have an uncle who went to the philipines and liked what he saw of paim ..He is an ivestment banker and also believes gold and silver are going far far higher than what they are now .He is stated over and over it is best to hold paim or watch others profit from it and learn . He does not fear the debenture and explains very few people holding paim seem to understand how it will effect things .
He has told me more than once ...." if your going to get nervous and panic then just sell and get out " ..or just shut up and wait .Waiting is the hardest thing traders ever do ...He says they " FAIL AT IT LIKE IDIOTS " . He says PAIM is still on tract with everything they are trying to do ....Infact they are tiny bit ahead of plans and excavating gold may begin sooner than stated .
He said paim is not a money making company ...YET !!!!!
But geeesh can they ever change that ....He said paim for several years has been getting ready to finally excavate and do it the correct way and be successful .
PAIM can not snap it's fingers and produce gold .It must build to that stage of operation and it is . All on board great .........for all others...get the hell out and take your binkies with you ....Big babies .
REALLY ..that's what he said ... Posted by T e x on :
lol,
this will be fun...
Intimi--you haven't even answered me... and I'm real nice Posted by Relentless on :
Intimatrader I would be very concerned about any company with an AS listed as unlimted... Thirty billion outstanding and talking about buying all those shares back when they don't have the penny to buy the first hundred... Find a decent uptrending gold stock instead of waiting.. One thing traders don't do is wait... Try TRE after gold gets done with this consolidation phase if you are really itchy to own a gold company.
Posted by DIGDOUGH on :
Buy back 27,000,000,000 thats not very much, considering I have over 7.5 bil, just myself. Isn't the outstanding and restricted combined counted in the trillions?
Posted by Relentless on :
It's more than they can buy.. lol, they have no money...
Posted by T e x on :
Pearl/Elvira does have a TA, though...
course, no one can contact him...as far as I know...anything changed on that front?
Also like to know...wasn't June 15 supposed to some deadline?
Did anything change?
Posted by megahead34 on :
Nothing changed on my account.
Posted by SuperSniper00 on :
lmao I just recieved my preferred shares certificate from etrade.
I own 19,553,333,000 preferred shares lmao I should just frame this thing
Posted by Intimatrader on :
I had 45 million shares of paim ....I just sold 35 million and have 10 mil { common } left and 45 billion prefered . But now when I place order to sell 5 mil more ...it does not go through ...Whats up ..are they suspending selling right now ? Anyone know ?
Posted by ruthie on :
what exactly does the preferred shares do for us? anything?
Posted by Intimatrader on :
That all depends ..on what the company does ....
In other words .....When do they start excavating and will it produce gold and other metals .
I have 45 billion prefered { and they are free } ...by their own conversion chart it will turn into 90 million common shares in 5 years .....
That could be a real eye opener if they succeed ....Retirement maybe .
Posted by ruthie on :
sounds pretty cool...
Posted by T e x on :
quote:Originally posted by T e x: Pearl/Elvira does have a TA, though...
course, no one can contact him...as far as I know...anything changed on that front?
Also like to know...wasn't June 15 supposed to some deadline?
Did anything change?
well?
Posted by amswap on :
By the time someone can convert their billions of shares and actually sell them, there will likely not even be a company. Do some research and see what you find. You won't find anything positive. By all means, rather that show you what you won't even read in this thread, try researching yourself. You should come to the same conclusion that many of us did. It is a worthless company with even more worthless people running it. IMO
Posted by singledadandhappy on :
my sharea have split can someonetell me why ? I have been away for some time. I have 300ks in Paim and 2,700,000 in a numbered company.
Posted by The Phat Man on :
quote:Originally posted by singledadandhappy: my sharea have split can someonetell me why ? I have been away for some time. I have 300ks in Paim and 2,700,000 in a numbered company.
because those stocks are scams
Posted by POOLBOY on :
Can someone help me out i have 500k in paim and now i have another 450k in paim but with no price. can someone tell me why i got these and what for.
Posted by SuperSniper00 on :
PAIM took 90% of your shares and gave you a debenture that you can claim in 5 years.
Seeing that paim wont be around in 5 years...you just lost 90% on your paim investment.
You should have sold before the 15th and bought back in later because paim isn't moving off of .0001 for awhile.
Posted by SincereX13 on :
The thing that annoys me about this stock is that it makes my account look like amateur hour.
15000 shares worth $15 bucks 1.5 bil preferred worth 0.00 1.35 mil None? (this is what the debenture comes up as) also worth none
I tried to sell my remaining shares for 5 days leading up to the 15th or so with no luck.
Posted by RWGATORBLUE on :
That's what I did a couple of months ago sniper. I sold all my millions of PAIM just so I can get some money out of it. I still got the certificate from ETrade. Looks nice at least.
Posted by megahead34 on :
I thought PAIM should be trading at .001 now, not .0001?
Posted by Duncan Idaho on :
ameritrade customers still have all their shares.
this "buyback" has been botched as predicted.
Posted by ruthie on :
I still have all my shares as well.
Posted by jellybean on :
I still have all my shares. I will continue to hold until paim pops!!! Paim shares will increase in price very soon. I will hold for .20 350 million shares long!!!!
Posted by marinecorps3046 on :
quote:Originally posted by jellybean: I still have all my shares. I will continue to hold until paim pops!!! Paim shares will increase in price very soon. I will hold for .20 350 million shares long!!!!
dude it will never get to .2 and even if it did how would you unload 350 million shares?
Posted by jellybean on :
It will get to .20 in time. The 52 week high is .01. The price of gold is increasing. Paim will begin their mining operations in July. I would not be suprise if the preferred stock paid a dividend next July. Also we can cash in our debentures in 5 years for a good profit. There is some people that believe Paim is a scam. I don't believe it is. Good luck everyone on their investments!!! 350 million shares long!!!!
Posted by amswap on :
You are too funny Jelly. You might have a few bucks if you owned a few billion shares. I would almost guarantee you that you can roll up all your shares and you might have a roll of toilet paper. But understand that the roll of TP is probably worth more. I feel really bad for those who still think there is the slightest chance that this will make money. Only those who haven't done their dd would find this the least bit inviting.
Posted by Intimatrader on :
OK......but would'nt the tables turn fast if they get gold ?
And they are getting close to excavating .
And ..it's not like they have to find gold { assay reports show it is there }
And ....if gold comes then so will silver and most likely " by mere odds of it " other precious metals aswell .
And gold is getting more expensive . At theses prices it will be easy to see how paim could pay down the float and even considder dividends .
Paim has never altered yet on what they said originaly about excavating ....That it would take time to get there but it would happen this year . Seems to me that excavating can mean only one thing . That gold will be processed and taken to market . Like I said .They don't have to find gold as they now know it is there . They need to excavate it . Sounds like time is all they needed to me . I'm just sayin ...thats the way I see it .
PENNY FOR YOUR THOUGHTS
Posted by Intimatrader on :
OK......but would'nt the tables turn fast if they get gold ?
And they are getting close to excavating .
And ..it's not like they have to find gold { assay reports show it is there }
And ....if gold comes then so will silver and most likely " by mere odds of it " other precious metals aswell .
And gold is getting more expensive . At theses prices it will be easy to see how paim could pay down the float and even considder dividends .
Paim has never altered yet on what they said originaly about excavating ....That it would take time to get there but it would happen this year . Seems to me that excavating can mean only one thing . That gold will be processed and taken to market . Like I said .They don't have to find gold as they now know it is there . They need to excavate it . Sounds like time is all they needed to me . I'm just sayin ...thats the way I see it .
PENNY FOR YOUR THOUGHTS
Posted by T e x on :
if
if
if
if
Posted by megahead34 on :
Shouldn't it be trading at .001, what happened?
Posted by richie on :
What a scam lol
Posted by Max Shrap on :
Has anybody confirmed the new O/S yet?
Posted by T e x on :
Max?
respectfully, how might one confirm?
Posted by Max Shrap on :
Contact the Transfer Agent. Doesn't somebody have the number?
Posted by Max Shrap on :
People feeling stuck and depressed have to average down and hold for the 4th quarter.
Posted by Max Shrap on :
This was only a 10 to 1 R/S. RVMO is gonna do a 20 to 1 R/S, without a deb. 1,000 to 1 R/S would have been devastating. 10 to 1 is a breeze. With the right PR this thing will go to .001 easily with a 3 billion O/S. And if you look at my posts before the "buy back" I TOLD you all this was going to happen. If the O/S stays at 3 billion, I'm gonna be in this with my BKMP profits, toward the end of the year.
Posted by T e x on :
quote:Originally posted by Max Shrap: Contact the Transfer Agent. Doesn't somebody have the number?
as far as I know?
same TA as BKMP has...not following either issue closely--but as I recall, both registered in Wyoming, and nobody able to reach TA, either issue.
Posted by amswap on :
quote:Originally posted by Max Shrap: People feeling stuck and depressed have to average down and hold for the 4th quarter.
How can you average down from .0001? If you paid more than .0001 in the last 3 months, you should not be trading pennies. Bad enough you buy into such a scam stock, but then to say it will go up 10 times is beyond belief. Are you just pumping so some other naive buyer who hasn't done any investigation on the con artists running the show? This stock will not be more than .0001 in 5 years.
Posted by T e x on :
Max, you're not coming off so well, here...
wanna re-think?
Posted by megahead34 on :
My understanding is that it should be trading at .001. What just happened? I don't get get how 90% of my shares are in some garbage trading at 0. Can someone explain what just happened?
Posted by SuperSniper00 on :
people have to buy at .001 for it to trade there...who is gonna do that?
Posted by megahead34 on :
But if its a R/S, it should be trading at .001? Haha PAIM is giving me a headache, i can't think anymore Posted by amswap on :
quote:Originally posted by megahead34: My understanding is that it should be trading at .001. What just happened? I don't get get how 90% of my shares are in some garbage trading at 0. Can someone explain what just happened?
Welcome to the world of PAIM! This is the least profitable stock in all of pennyland. People continue to buy after the dozens of times they have diluted it. There are NO financials with the SEC and the owners are con artists. And you ask why. This is a rip off stock by rip off artists and for some unknown reason people continue to buy and continue to be shocked when they have nothing a short time later. They will continue to add shares as they need money. Pure and simple, they are a rip off. Pay a little attention to the 500 signs you've been given and run from this. Mark it as a loss already and move on.
Posted by megahead34 on :
Has anyone called their broker to understand what happened with this? I want to know their side of it. I'll try to call them during lunch.
Posted by MakeMoney on :
I just sold all of my shares through Ameritrade. They were never affected. I thought I was screwed and then they just sold.
Phewwww!
quote:Originally posted by megahead34: Has anyone called their broker to understand what happened with this? I want to know their side of it. I'll try to call them during lunch.
Posted by Max Shrap on :
If you don't understand averaging down, then you should go get educated. The people that bought at .0001, now break even at .001.(if they had shares "taken away," some people still have all their shares so this doesn't apply) They can bring their break even point down by buying as many shares as they feel comfortable with at .0001. This stock will run when they get the gold out of the ground and start producing revenues. If the O/S stays at 3 billion, and the revenues are as predicted, I think it will go above .001. BTW, I don't own any of this stock, nor do I plan on buying any 'til it shows signs of a run.
quote:Originally posted by amswap:
quote:Originally posted by Max Shrap: People feeling stuck and depressed have to average down and hold for the 4th quarter.
How can you average down from .0001? If you paid more than .0001 in the last 3 months, you should not be trading pennies. Bad enough you buy into such a scam stock, but then to say it will go up 10 times is beyond belief. Are you just pumping so some other naive buyer who hasn't done any investigation on the con artists running the show? This stock will not be more than .0001 in 5 years.
Posted by MoneyMoneyMoney on :
quote:Originally posted by amswap:
quote:Originally posted by megahead34: My understanding is that it should be trading at .001. What just happened? I don't get get how 90% of my shares are in some garbage trading at 0. Can someone explain what just happened?
Welcome to the world of PAIM! This is the least profitable stock in all of pennyland. People continue to buy after the dozens of times they have diluted it. There are NO financials with the SEC and the owners are con artists. And you ask why. This is a rip off stock by rip off artists and for some unknown reason people continue to buy and continue to be shocked when they have nothing a short time later. They will continue to add shares as they need money. Pure and simple, they are a rip off. Pay a little attention to the 500 signs you've been given and run from this. Mark it as a loss already and move on.
I agree!! People be careful and make sure to do your DD. Always protect your capital and take a little profit when possible to keep you in the game.
Good luck trading.
Posted by cottonjim on :
WTF, did Hell freeze over?? .0002
Posted by bobcat88 on :
Dont matter much, they took away all the shares and told us they would be at .001, were a LONG was off of being in the positive here.
Posted by megahead34 on :
What the hell? On my Scottrade, PAIM is now showing as PAIM# with a N/A for price. Can someone please explain what is going on here? I have 3 things for PAIM
PAIMPR: preferred shares worth N/A PAIM#: common shares worth N/A None: debenture worth N/A
Posted by SincereX13 on :
quote:Originally posted by megahead34: What the hell? On my Scottrade, PAIM is now showing as PAIM# with a N/A for price. Can someone please explain what is going on here? I have 3 things for PAIM
Yup you got to love how PAIM makes you trading account look. I wish I could just have it all removed, but maybe the constant reminder is better in the end.
Posted by megahead34 on :
Haha yea. But why is it PAIM# now? It shows that its still trading.
Posted by SincereX13 on :
I really don't know, maybe they found another way to screw the investor. Not only did we take 90% of your shares... but we found a way to make the remaining 10% restricted!!!
Posted by rocktrader on :
Guys one questions...What's going on with PAIM?
I bought some at 0.0001 for lotto..And ameritrade is not allowing me to sell it..
can some one please explain?
Posted by mad tony on :
Has any gold ever been found in the Philippines in the past?
Posted by mad tony on :
Hello, anyone... how'bout you SuperSnipe?
Posted by SuperSniper00 on :
quote:Originally posted by mad tony: Has any gold ever been found in the Philippines in the past?
Yes, companies have done core samples in the past and found out that there is a large amount of gold and many other precious metals in a lot of the mountainous areas of the southern philippines (Mindanao). But that area is hostile, an ongoing muslim insurgency has plagued the area since the early 1970's. So many companies and foriegn investors stay out because they dont want their assests seized, damaged, or their workers killed or kidnapped.
Posted by T e x on :
quote:Originally posted by Max Shrap: If you don't understand averaging down, then you should go get educated. The people that bought at .0001, now break even at .001.(if they had shares "taken away," some people still have all their shares so this doesn't apply) They can bring their break even point down by buying as many shares as they feel comfortable with at .0001. This stock will run when they get the gold out of the ground and start producing revenues. If the O/S stays at 3 billion, and the revenues are as predicted, I think it will go above .001. BTW, I don't own any of this stock, nor do I plan on buying any 'til it shows signs of a run.
quote:Originally posted by amswap:
quote:Originally posted by Max Shrap: People feeling stuck and depressed have to average down and hold for the 4th quarter.
How can you average down from .0001? If you paid more than .0001 in the last 3 months, you should not be trading pennies. Bad enough you buy into such a scam stock, but then to say it will go up 10 times is beyond belief. Are you just pumping so some other naive buyer who hasn't done any investigation on the con artists running the show? This stock will not be more than .0001 in 5 years.
Max, you're dangerous...
Posted by megahead34 on :
Any other PAIM shareholders see strange stuff on their accounts. I still don't understand why its showing as PAIM# in my scottrade account, and how its not tradeable.
Posted by tyleemary on :
quote:Originally posted by megahead34: Any other PAIM shareholders see strange stuff on their accounts. I still don't understand why its showing as PAIM# in my scottrade account, and how its not tradeable.
I had 1,500,000 shares. Now have 150,000 tradable, 1,350,000 with a cusip #
Posted by bobcat88 on :
Email from Gary Gotanco of PAIM:
Hello again, xxxxxxx.
Let me start off by thanking you for your insightful questions and suggestions. We likewise appreciate your posting of our answers.
1. Yes, we have made this clear to the DTC.
2. I do not know the answer to this, probably best answered by either DTC or Ameritrade
As mentioned in one of the last PRs, our Chairperson has had several meetings with NASD, DTC, and the transfer agent on the mechanics of the buyback, and all official documents required have been submitted to these entities. However, there were brokers that didn't move 90 % of their clients' shares into the contra cusip, as instructed by DTC, as a result of which some shareholders sold their shares short, which has artificially held PAIM price down and caused all of this confusion.
Allow me to attach this reply by our Chairperson to another shareholder with a similar query, which contains a lot of information that would help clear up the current situation:
The DTC - Depository Trust Company is the agency that is processing the smooth transition of the 90% Buy Back and CD Exchange between the Issuer or the Company- Pearl Asian and its shareholders.
Your Broker will submit to the DTC the list of all its clients' name and the amount of PAIM shares to be bought back.. Then DTC will submit that to the Transfer Agent to make up all the CD's for all PAIM's shareholders. The TA will send back all the 90% of Common Shares to Pearl Asian in exchange for the CD. As soon as these are received and accomplished by the Transfer Agent (TA).. the TA will send this back to the DTC, then the DTC will release these CD's to the brokers..Your broker in turn will send or deliver the certificates CD to its clients.
The method is similar to the Stock exchanges.. Patience is important..as this has to be done correctly and effectively. everyone is working hard to make this process run efficiently.
I would appreciate that very much, considering I still have a lot to learn about short selling, naked short selling, etc.
Once again, many thanks for posting my email. You may post this, as well, if you wish.
Warm regards,
Gary Gotanco
VP-BD & IR
Pearl Asian Mining Industries, Inc.
On 7/6/06, xxxxxxx*xxxxx.com <xxxxxxx*xxxxx.com> wrote: Hi Gary,
Thank you for the specific and clear answers to previous questions I have sent.
As you probably know, TDAmeritrade still has the trading of PAIM's stock frozen in its customers' accounts, including mine (They won't even let me buy more). When I spoke with TDAmeritrade's Reorg division this morning, they said that they are awaiting the "official word" on the buyback date from DTC. They've been giving me this explanation for a few days. I told them that the PRs from PAIM all say that the last date of ownership for the buyback is June 15. The TDAmeritrade Reorg representative said that the DTC thinks it is June 21. This threw me off as you assured us that June 15 will be the enforced cutoff date and I hope that this is still the case.
I do not doubt you or PAIM.
I am concerned that some of the brokerage firms (including TDAmeritrade) may be trying to alter the cutoff date or stall this process as is suggested by one of the posters on IHUB. I read a couple months ago in a prestigious article that most of the big brokerage firms don't actually acquire all of the shares that their clients "buy". Therefore, they are short. If this is true, your buyback may have put some of them in an awkward position and they stalling to cover their shorts at a low price or they may be trying to figure out what to do. If it looks like some brokerage firms are being uncooperative, this may be the reason.
With your far greater information on the topic, if you agree, I suggest that you have a discussion with NASDAQ and the SEC regarding these brokerage firms. I might start asking around at NASD or NASDAQ. I live close to them and my wife used to work there, in Market Watch and Insider Trading.
As I requested in an earlier email, please give DTC "the specific instructions to have the cutoff date for June 15 enforced. It is important to stay with the original PR for PAIM's credibility. Confused PAIM owners whose brokers allowed them to sell buyback-subject stock can deem that sale as a short and require them to buy back what their broker should not have let them sell. While those affected may complain, enforcing this will convince investors that PAIM does what PAIM says. In my opinion, this will greatly help the PPS."
As one poster on IHUB posted today (message 9706), "Trading should have been halted on the 16th stopping any future selling. This has worsened the problem. The entire buyback should have occured on the 15th. I don't know what may happen but I know what should. Anyone who sold after the 15th should be accountable for those shares. It was selling after the cut off date. If the brokers allowed this then they should be accountable for retrieving the shares they allowed to be sold. Everyone had plenty of time to sell prior to the 15th. The brokers and the MM's do have an obligation to account for 27bn shares. If anyone is making money its the brokers and the MM's not Paim. Everyone wants to see the share price go up when they work against it happening ."
Questions:
1. Have you made it clear to DTC that the cutoff date for the buyback is June 15?
2. Has the DTC made it clear to TDAmeritrade that the cutoff date is June 15?
3. Is TDAmeritrade misleading their clients when they state that they are awaiting "official word" on the cutoff date?
4. Are you interested in getting a copy of the article on brokerage firms' practice of not buying all of the stocks their clients buy? I will have to dig around to find it again. My brother-in-law, a broker, has verified it.
As before,
1. I know I do not need to tell you this, but in my communications with companies I always ask that you do not give me any info that might be construed as insider information.
2. I will not publish my questions or response without your explicit written permission.
Thanks again!
Posted by SuperSniper00 on :
quote:Originally posted by megahead34: Any other PAIM shareholders see strange stuff on their accounts. I still don't understand why its showing as PAIM# in my scottrade account, and how its not tradeable.
because they ripped you off?
Posted by mad tony on :
SSnipe so did you bank? probably not since you're still posting here
Posted by Egg Inspector on :
anybody...what happens if I buy today?
Posted by jellybean on :
PAIM---Up 100%
Posted by T e x on :
some trades went through at .0002?
Posted by T e x on :
lol, somebody just a coupla hundred dollars worth, at .0003
666,600 shares...
Posted by jellybean on :
Will go higher than .0003!!!
Posted by T e x on :
limited only by the number of exclamation points you use...
Posted by BuckyBarnes on :
To: Megahead34 and any others. I too use Scottrade and have my PAIM position in limbo. Here is what my question to Scottrade's help desk returned:
"Thank you for your email. The company that settles trades for PAIM is not settling trades for PAIM at this time. They are currently in the process of reviewing shareholder of record dates relating to the recent reorganization. Until they begin settling trades again, Scottrade will not trade this security. Unfortunately, at this time, we do not know how long this might take. We ask that you contact your local Scottrade office if you have more questions regarding this matter. Please let us know if there are other matters with which we may assist."
And the local branch manager of Scottrade informs me that Scottrade has a hold on all buy and sells until such time (an unknown) the transfer agent (DTC I think) begins settling this issue again.
So, does anyone have additional information, and has anyone contacted PAIM's investor relations person/department for a clarification or illumination about this matter? I have yet to understand how it appears that this issue is trading (price yesterday fluctuated between .0001 and .0003) if the transfer agent is not settling trades?
All feedback is greatly appreciated.
Posted by ohio_trader on :
finally moving off .0001 range....need it to go to .001
Posted by megahead34 on :
Thats so wierd that Scottrade did that. How bout other online brokers? Is PAIM still tradeable?
Posted by bobcat88 on :
Did we find gold yet? Why is this moving? And why is it still not at the .001 that it should have been after the buyback?
Posted by megahead34 on :
Whats up with Scottrade? This thing starts moving and i can't trade any of my shares. What is going on here?
Posted by BuckyBarnes on :
Where are these shares being traded? 400 million plus today and touched .0005?
I sent an e-mail to Gary Gotanco - Vice President / BDO (Business Development Officer) this morning. At this point have not received a response, as well as realize the time difference with the Phillipines. Text of my query: "I am inquiring about your company's understanding of the status of shareholder's inability to trade PAIM common stock at this time.
Specifically, the brokerage house I use is Scottrade, and they have place a "hold" on all buy or sell orders on PAIM's stock until such time that the transfer agent (i believe DTC) will again settle trades on PAIM. This circumstance has been in effect now for approximately 4 business days. Essentially, the position that I hold in PAIM common shares is in limbo, while it appears that there is active trading occurring on the common stock by some parties somewhere, i.e. the price has been ranging between .0001 and .0003, with sizable volume each day.
Is PAIM working with your transfer agent (or agents) to resolve this matter and if so, how? Is there a time frame that can be counted on for the resumption of the transfer agent support in trading your company's stock?
I would appreciate feedback on PAIM's stance and actions on the company's and transfer agent activities to resolve and rectify these conditions and to help shareholders regain access our positions and investment.
Sincerely,"
I'll post any response that I get, when I see it.
Posted by JBravo on :
I tried to buy some on Scottrade, and I got a message saying "its not available for ONLINE trading"
Posted by megahead34 on :
Excellent. Please let us know.
Posted by ohio_trader on :
.0004 bid, .002 ask ???
what is going on with this (anyone)???
Posted by rocktrader on :
guys can someone explain on what the hell is going on here?
I am not able to sell my PAIM stock through ameritrade...
Out of 10 million i can only able to sell 1 million..
what the hell is going on here?
Posted by BuckyBarnes on :
This press release appears to have been issued around 2:30 PM EST today. I still have not received any direct responses to my earlier questions, though.
"News for 'PAIM' - (Pearl Asian Mining Industries (PAIM) Issues Clarification on 90% Buyback of Its Common Shares and Conversion of Debentures to Common Stock; Also Announces a Visit by USA Shareholder to the 'Operation Cagayan De Oro' Gold Minesite)
MANILA, Philippines, Jul 12, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC: PAIM) announced that it is close to completing the buyback of approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture (CD). PAIM has transferred to DTCC CD notes with a face value of approximately US$27,000,000.00 which DTCC received approximately June 21, 2006. However, PAIM has not received any of the 27,000,000,000 common shares subject of the buyback.
DTCC should be in the process of sending to PAIM 90% of the common and outstanding shares in exchange for the CDs. Although PAIM has set the buyback/exchange date for June 15, 2006, some confusion has occurred as the brokerages seem to have not been sufficiently informed by their clearing houses via DTCC to segregate 90% of all common shares held. As a result, some brokerages have erroneously included in the buyback shares purchased after the buyback/exchange date of June 15, 2006. In view of this, PAIM is advising all shareholders to check their accounts and immediately bring to their brokers' attention any discrepancies or errors.
Any shares bought and sold in the market now should only be the remaining 10%, although some of DTCC's participants, i.e. brokers, have failed to notify their clients, which has resulted in many shareholders selling shares short, which they thought were still available from the 90%. Pearl Asian advises shareholders who may have unintentionally sold short on PAIM shares to immediately contact their brokers to work out a way to cover their positions. These shares sold short will be fully known once the first report after the new NASD SHO Regulation, which includes Pink Sheet stocks and took effect July 3, is released within the month. The remaining 10% of common shares in shareholders' accounts should be available for trading at any time.
To reiterate, the buyback rate is that for every common share surrendered, Pearl Asian will pay $0.001, the par value of the common shares in the form of convertible debentures, when held to the maturity of five years. The CD is to be paid on the fifth year without interest. The debentures can be converted back to common shares at a fixed rate of $0.01 per share at any time on or before maturity, upon surrender of the original CD note to the company or its transfer agent. Shareholders' accounts should indicate the value of the CD, with the proviso that said value will mature after five years.
We expect the CD to begin trading OTC on the Yellow Sheets in the near future and there should be no restrictions on selling or trading CDs after the exchange is completed.
In an unrelated development, Pearl Asian announced the availability of photos involving the visit of a shareholder to the Binasan Minesite. Visit the website at www.PearlAsianMining.com for updates and photos on Operation Cagayan de Oro including the visiting shareholder.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the company's projections regarding gold production in future periods. The factors that could cause actual results to differ materially from anticipated results include risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries, Inc.
CONTACT: Pearl Asian Mining Industries, Inc.Gary Gotanco, 866-732-7888 or 650-814-3268 or +63-2-490-0140 Fax: 877-317-4430 IR*PearlAsianMining.comwww.PearlAsianMining.com
Copyright Business Wire 2006"
Posted by SuperSniper00 on :
quote:Originally posted by rocktrader: guys can someone explain on what the hell is going on here?
I am not able to sell my PAIM stock through ameritrade...
Out of 10 million i can only able to sell 1 million..
what the hell is going on here?
Thats because PAIM took back 90% of all shares, which means 90% of your shares. 90% of your 10 million is 9 million, that leaves you with 1 million shares.
If you read the PRs you would know that and you would have known to sell your PAIM shares before they took 90% back. Then rebuy in afterwards.
Posted by BuckyBarnes on :
Sniper, If I bought before the bayback date of June 15, then I would agree with you. However, I bought at the end of June and understood that my position was from the remaining 10% of the stock outstanding. Thus.....frustration to say the least.
Posted by BuckyBarnes on :
Follows is the response I received overnight from Investor Relations....At least I received a reply within 12 hours of submitting my question to I.R.
I am afraid this is purely in the hands of the brokers, as PAIM has already done its part by transferring to the DTCC approx. $27 Million worth of convertible debenture notes to cover the buyback of 90 % of outstanding shares, approx. 27 Billion shares in all. The buyback shall be deemed complete once DTCC transfers to Pearl Asian all of these common shares of stock that have been bought back.
I suggest you contact your broker and inform them of the latest PR.
Thank you for your continued interest in PAIM.
Best regards, Gary Gotanco VP-Bus Dev and INvestor Relations Pearl Asian Mining Industries, Inc.""
Posted by megahead34 on :
Ok PAIM is now at .001, but Scottrade is still wierd.
Posted by megahead34 on :
Haha, guess it was a fat finger.
Posted by megahead34 on :
What is going on here? Someone explain!!!!! lol
Posted by superman7 on :
hey megahead
PAIM..the next PAIV...i got screwed this morning i sold my shares at .0001 and i had to cover today and finally filled at .0007....i am buying as much as i can on this dip cause etrade told me that they are going to inform many people today that they have to cover alot of people have to buy today!
so i am buying whatever i can right now this is going to be the next PAIV, but i have already lost $3200 on this
anyways goodluck
Posted by megahead34 on :
I don't know what happened with PAIV, but ok.
The thing is that i can't buy/sell anything because Scottrade is being wierd. Its not tradeable on Scottrade at all. What can i do?
Posted by Wit on :
Megahead, did you call your local Scottrade and tell them about the pr.
Call them directly and speak to them.
That is what you need to do asap or you will just be hanging here.
Posted by ruthie on :
What is confusing to me is why the amount of .001 that is showing for Paim is not showing on my scottrade list...
Posted by superman7 on :
yeah call scottrade, right away. trust me this is one fu*ked up stock
Posted by Wit on :
Scottrade is all screwed up. If everyone using them would call their local branches and get on them they will be forced to resolve the issues.
Posted by ruthie on :
GOOD idea!! I will attempt to contact them...
Posted by superman7 on :
PAIM is in the same situation as PAIV. 27 billion shares need to be covered. Worst than PAIV
i am trying to buy all i can right now, i am sure i will cover my losses on this one and more
but yeah its a real gamble, but i dont think so
anyone know anything i dont?
Posted by megahead34 on :
im on the phone with ST now. They say its not tradeable. I was like yes it is. He checks and sees its trading at .001. He is calling someone else to understand.
Posted by ruthie on :
Maybe with all this contact with ST, something will be figured out so it will make a little sense....
Posted by madmoney on :
has anyone sold today who bought thier shares in the last week or so?
Posted by megahead34 on :
Thats kind of not fair for people who are in a hole like me. I could have bought more shares after 6/15 when it was .0001. haha, this is odd!
Posted by superman7 on :
when i called etrade they told me u have to cover the shares u sold, and whatever extra u buy now u can sell anytime
so i covered the 4.5 mil i had to(took a nice 3.5k loss) and bought an additinoal 4.5 mil hoping to double or triple very soon when everyone has to cover(and etrade told me there were alot of people that do have to cover) so hopefully i just break even out of all this crap
Posted by ruthie on :
NO, I have not attempted to sell any yet..
Posted by Wit on :
quote:Originally posted by megahead34: im on the phone with ST now. They say its not tradeable. I was like yes it is. He checks and sees its trading at .001. He is calling someone else to understand.
Good job. Be persistant. They obviously have no clue.
When it comes to penny stocks, they can't be bothered.
Posted by BuckyBarnes on :
I have requested assistance from Scottrade locally to research and work torward releasing the hold...and at the very least provide a viable contact name and phone number at the transfer agent Scottrade is using for settling PAIM. Will advise when I hear good info.
Posted by madmoney on :
buys at .001 and sells at .0006 to 0008 means buying at the ask puts you down 20 to 40 percent right out of the gate! I wont buy at the ask you guys do what you like!
Posted by superman7 on :
ruthie, trust me dont sell if u bought these shares a while ago cause u are going to have to cover, if u just recently bought these share(like a week or so) then u are fine take ur profits if u want
but if u have had these shares for sometime now dont sell u will have to cover soon
Posted by madmoney on :
alot (billions) of free trading shares were bought after the 15th many of them should be selling now for 400 to 800 percent! if i owned those shares i know i would sell into this confusion!
Posted by superman7 on :
madmoney, dont buy at the ask!!
it was .0004 or .0005 or .0006 BY .001 all day
i got filled at .0006 and .0007
so yeah u will get filled in the middle it just may take sometime but the .001's have alredy thinned from 3 on the ask to only 2 on the ask so it might get passed .001 real soon, when it does it will be really running hard ( i think) as there are many people who have to cover
quote:Originally posted by madmoney: buys at .001 and sells at .0006 to 0008 means buying at the ask puts you down 20 to 40 percent right out of the gate! I wont buy at the ask you guys do what you like!
Posted by megahead34 on :
Ok, here's the scoop. Scottrade does not have the shares to trade this, waiting to get them from the DTCC. They said they are having issue's with Pearl Asian, and seems that the company has been sloppy in the past as well. But it is being worked out as we speak.
I asked him why its tradeable now, he said alot of brokers will trade with shares in the anticipation of them getting the shares.
He concluded that this might be resolved EOW.
Posted by madmoney on :
quote:Originally posted by superman7: madmoney, dont buy at the ask!!
it was .0004 or .0005 or .0006 BY .001 all day
i got filled at .0006 and .0007
so yeah u will get filled in the middle it just may take sometime but the .001's have alredy thinned from 3 on the ask to only 2 on the ask so it might get passed .001 real soon, when it does it will be really running hard ( i think) as there are many people who have to cover
quote:Originally posted by madmoney: buys at .001 and sells at .0006 to 0008 means buying at the ask puts you down 20 to 40 percent right out of the gate! I wont buy at the ask you guys do what you like!
thats the problem, how many people sold short, this all went down after PAIV people DID sell those short but PAIM holders should have seen that fiasco and learned from it, the trueth is NO ONE KNOWS how many shares may have been sold short if any! this is moving on speculation and could crash as easily as fly!
Posted by superman7 on :
well when i called etrade they told me alot of people have to cover and they will all be notified today that they have to cover
so i thikn alot of people didnt learn the leson from JPHC or PAIV or whatever, i know i didnt cause i never had no JPHC at the time
quote:Originally posted by madmoney:
quote:Originally posted by superman7: madmoney, dont buy at the ask!!
it was .0004 or .0005 or .0006 BY .001 all day
i got filled at .0006 and .0007
so yeah u will get filled in the middle it just may take sometime but the .001's have alredy thinned from 3 on the ask to only 2 on the ask so it might get passed .001 real soon, when it does it will be really running hard ( i think) as there are many people who have to cover
quote:Originally posted by madmoney: buys at .001 and sells at .0006 to 0008 means buying at the ask puts you down 20 to 40 percent right out of the gate! I wont buy at the ask you guys do what you like!
thats the problem, how many people sold short, this all went down after PAIV people DID sell those short but PAIM holders should have seen that fiasco and learned from it, the trueth is NO ONE KNOWS how many shares may have been sold short if any! this is moving on speculation and could crash as easily as fly!
Posted by Squire38 on :
quote:Originally posted by superman7: ruthie, trust me dont sell if u bought these shares a while ago cause u are going to have to cover, if u just recently bought these share(like a week or so) then u are fine take ur profits if u want
but if u have had these shares for sometime now dont sell u will have to cover soon
superman7, I don't think I quite understand. If someone bought shares before June 15th, didn't PAIM take way 90%? So could people sell the 10% they have with no reprecutions?
Posted by madmoney on :
billions of free trading shares have been sold since the 15th many will be looking to sell into this "run" if the ask moves into the tripple o range this could come apart fast, be careful.
Posted by megahead34 on :
Yes i think so. But the pps was supposed to be at .001. Somehow alot of people are buying all these shares so cheap when its not supposed to happen.
Posted by ruthie on :
No, actually I have had my shares for quite awhile. I will hold on to them for now..
thanks
Posted by superman7 on :
the 10% u can sell u wont have to ver those, but the other 90% u have to cover
i had 5 mil shares and had to cover 4.5 mil of them
and etrade is notifying peopel at the end of the day today that they have to cover so this just makes me believe this one is going way higher
as etrade told me alot of people there at etrade have to cover these shares
quote:Originally posted by Squire38:
quote:Originally posted by superman7: ruthie, trust me dont sell if u bought these shares a while ago cause u are going to have to cover, if u just recently bought these share(like a week or so) then u are fine take ur profits if u want
but if u have had these shares for sometime now dont sell u will have to cover soon
superman7, I don't think I quite understand. If someone bought shares before June 15th, didn't PAIM take way 90%? So could people sell the 10% they have with no reprecutions?
Posted by ruthie on :
Superman 7, what do you mean when you say we will have to cover?
Posted by superman7 on :
ruthie, u wont have to cover, beucase u never sold anything, i sold my shares and i wasent allowed cause they are restricted so i had to cover but u wont have to worry as long as u dont sell them
but alot of people will sell them when they see the price go up as much as it has and the sad part is they will have to cover in the future and i personally think the price will be way higher then
quote:Originally posted by ruthie: Superman 7, what do you mean when you say we will have to cover?
Posted by Squire38 on :
Makes sense now, I'm not in, but wanted to learn. I never quite understood the whole thing with JPHC either.
Posted by ruthie on :
superman7 Thanks for explaining that to me......
Posted by madmoney on :
the bid is dropping, most current paim holders have been complaining for weeks that they cant do ANYTHING with thier shares. if you have paim shares from before the 15th of june you can only sell 10 percent of them! = 2,0000 bought BEFORE june 15th you can sell NO MORE THAN 200,000 today, thats 10 percent. if you sold them all you will have to buy back 1,800,000 to cover at whatever price you can.
Posted by madmoney on :
quote:Originally posted by madmoney: billions of free trading shares have been sold since the 15th many will be looking to sell into this "run" if the ask moves into the tripple o range this could come apart fast, be careful.
B/A .0006 X .0008! spoke to fast B/A .0006 X .0007!
Posted by superman7 on :
this will keep moving up as more and more people have to cover the samething happened to PAIV a few monthes ago and its went from about .0001 to about .03.......almost 300 times higher so i just covered right away(today at .0007) and bought some extra hoping to cover my losses and hopefully make some on top
this is one fu*ked up scenario and more and more peopel will have to keep covering as they find out that they have to so this will kepp going up its just unfortuanate for the people who dont knwo they have to cover and wont find out till about 2 weeks after they sold
Posted by Lionking on :
Hello Friends,
I bought 1 Mil shares before June 15 and 1.5 Mil after that what would be my case can I sell 1.5 Mil shares * 0.001?
Thank you
Posted by madmoney on :
quote:Originally posted by Lionking: Hello Friends,
I bought 1 Mil shares before June 15 and 1.5 Mil after that what would be my case can I sell 1.5 Mil shares * 0.001?
Thank you
yes! glta you can get .0006 or .0007 now, i dont think any sells have gone through at .001 yet
Posted by madmoney on :
ask is back to .001, bid is still .0006. if you HAVE to have it buy at .0007 not the ask. IMO, for myself i am watching, dont like the set up, smells fishy.
Posted by megahead34 on :
Thats too bad i can't do anything. Thanks Scottrade!
Posted by PCola77 on :
Your numbers for PAIV are a bit off. As far as I can remember, it never dropped below .0008 and never got above .013 until the last few days. Still a huge jump, but not anywhere near 300x
quote:Originally posted by superman7: this will keep moving up as more and more people have to cover the samething happened to PAIV a few monthes ago and its went from about .0001 to about .03.......almost 300 times higher so i just covered right away(today at .0007) and bought some extra hoping to cover my losses and hopefully make some on top
this is one fu*ked up scenario and more and more peopel will have to keep covering as they find out that they have to so this will kepp going up its just unfortuanate for the people who dont knwo they have to cover and wont find out till about 2 weeks after they sold
Posted by superman7 on :
there is one guy who says he is trying to buy 25 mil at .0009 but he is not getting filled
i think we are honestly going to keep moving alot higher as days go buy i am thinking of buying more here, i am not sure just dont want to get screwed
Posted by ScottP on :
Scottrade shows .027, anyone think its toped out or you think its gonna go higher?
Posted by PCola77 on :
I think you're in the wrong thread
quote:Originally posted by ScottP: Scottrade shows .027, anyone think its toped out or you think its gonna go higher?
Posted by ScottP on :
oops, sorry bout that
Posted by chanhous on :
i have a bid in at .0008 but not filling or even showing up on level 2. level 2 sitting at .0007. interesting
Posted by BuckyBarnes on :
Update: Scottrade's local office rep. has committed to me that they see what they can do to release the "hold" on my position since I had bought and settled on 6-29-2006. The rep. referred to exploring whether Scottrade can place an "exception" on my account to allow me access to the shares. He is looking at this and says he'll get back to me. (I'll give him and hour or two.).....I'll speculate that Scottrade has an internal issue with DTCC that is causing their confusion. Secondly, the transfer agent for PAIM that Scottrade provided to me is: First Public Securities Transfer Corporation Phone:310-770-6689 address: 4546-B10 El Caminio Real Suite 288 Los Altos, CA 94022 I spoke to a guy named David who did not seem to want to talk too much, but I did glean from him that they understand there should be no restriction on the remaining 10% of the issue after the buyback date and that all restrictions should have been resolved and or removed. He pointed a finger back to the brokerage and the clearing house that the brokerage uses, as where the problem is. Can decide if this info from david was a dodge or if he was sincere.......... ........So, if pressure keeps being applied throught the various points of contact at Scottrade (in your local offices), the clearing house (if you have a contact there--I do not), and the transfer agent (see prior info), perhaps we all can get something accomplished besides just being frustrated. Last, I requested my Scottrade staffer to at least provide a national level resource to use for resolving the holds at Scottrade, if they are not able to accomplish such from the local level. More whe I hear something useful.
Best regards to all
Posted by ruthie on :
Thnaks for the update BuckyBarnes....
Posted by Gama on :
quote:Originally posted by superman7: ruthie, trust me dont sell if u bought these shares a while ago cause u are going to have to cover, if u just recently bought these share(like a week or so) then u are fine take ur profits if u want
but if u have had these shares for sometime now dont sell u will have to cover soon
Ok superman so when will i be able to sell without covering.
Posted by BuckyBarnes on :
quote:Originally posted by ruthie: Thnaks for the update BuckyBarnes....
Ruthie.....Your welcome...Good luck
Posted by tonicma on :
bought 100million shares of this stock in the last 2 days.
This will do the same thing as PAIV, I hold 40million of that stock too but sold some yesterday to buy this stock.
Posted by superman7 on :
wow good job Tonicma, u really know what u are doing!!!
i wish i would of bought 100 mil i only bought 5 mil cause its pretty high but yeah i see it going way higher and might buy another 20 mil here
we have to find the next restricted stock and buy a ton!
quote:Originally posted by tonicma: bought 100million shares of this stock in the last 2 days.
This will do the same thing as PAIV, I hold 40million of that stock too but sold some yesterday to buy this stock.
Posted by tonicma on :
Superman7, for sure
And the freaky thing is paim and paiv is only different with the last letter.
Insane.
Posted by BuckyBarnes on :
A qucik note: Just got back in and see that Scottrade has released the "hold" on my position of PAIM shares. Do not yet know how or what or who did what. Will update when I can find out.
Posted by megahead34 on :
Ditto, should i buy some more?
Posted by juice on :
bought a couple at .0007 today... if this does half as good as paiv does we are in for a serious run
Posted by megahead34 on :
What did PAIV do? How long was the run.
Posted by BuckyBarnes on :
Just had a short discussion with local Scottrade rep.,,,,,He indicated that my request to remove the "hold" was discussed with the local branch manager and a resource at Scottrade's corporate HQ, specifically regarding my circumstance. Subsequent to those discussions, he indicated he received an e-mail back from corporate (Scottrade) that the "hold" was removed on my position. He had no definitive knowledge if holds would be removed from other accounts. Yet I heard him hint at one point that he thought other Scottrade customers might see the restriction removed from their accounts as well...... My rep. also said that I could put any friends in touch with him if they needed assistance. Therefore, I would be happy to do so through private e-mail. ............ So, has anyone else seen a change on their account if they are trading through Scottrade? Megahead34, is that what you ditto means?
Posted by megahead34 on :
Yes, restriction is removed on my account as well. Great work Bucky!
Posted by BuckyBarnes on :
quote:Originally posted by megahead34: Yes, restriction is removed on my account as well. Great work Bucky!
That's good to know....BTW Thank You, but I surmise there were a few other folks making calls to Scottrade as well. In the end here, it relieves some frustration. Enjoy the evening....I will.
Posted by megahead34 on :
yea, maybe they realized a bunch of us called and were like: "ok fine"
I ended up buying only 625,000 shares at .0008, thats all i can afford on my account. Not sure if it is a wise choice, could be a gamble. We'll see.
Posted by juice on :
quote:Originally posted by megahead34: What did PAIV do? How long was the run.
http://tinyurl.com/onegc look may 22nd, look what happened since.... expecially recently Posted by megahead34 on :
Well it looks like it spiked on the 22nd, and just kept going downhill. But now its rocking!
Why is there confidence that PAIM will do something similar? I don't see the resemblence.
Thanks.
Posted by ruthie on :
I am glad with my scottrade, it is not registering with the correct amount...
Posted by pepsiman on :
I know I'm jumping in alittle late on this,been else where trying to make things happen. I read the pinksheets info, but not sure if this is going to have the same affect as paiv. Any comments?
Posted by megahead34 on :
What do you mean ruthie?
Posted by ruthie on :
Sorry I mis-typed. I meant to say that I am glad that my scottrade is now registering Paim correctly.
Posted by ACKCANE on :
What's the deal with the billions of shares in my account from the dividend? What are they worth, if anything? And when can I trade them?
Posted by juice on :
who knows all i know is this was nothing now it close at .0009. and theres a big screw up similiar to paiv. paiv was under .0007 i saw it didnt buy it. i watched it pass .001 to .002 and then BOOM to .01 immediately after a screw up on account where shares needed to be covered. similar situation, different stock. i don't have much just a few to dabble with and get lucky. rumor is a lot of folks are going to be buyin as much as possible while its this low. i remember paiv up like crazy im not gonna miss this one if its true. dont go in over your head obviously:)
Posted by bobcat88 on :
My account is cleared up also.
Posted by GlassCrasher on :
I'm in for 1 million shares, let's see this sucker fly
Posted by juice on :
http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/ f/8/t/021881.html? thats the old paiv thread when the fun started. people were issued restricted but were able to sell them openly, which is a huge problem, so ensued a buy back and so forth... sooooo many MANY shares had to be bought back.... in this case paim has to cover billions of shares sold that should have been allowed. peoplea re gonna get screwed and people are gonna make loot i think. but this time im not watching it either way, im in:)
Posted by megahead34 on :
Who is buying these shares back?
Posted by jellybean on :
I was wrong about PAIM. Biggest scam in stock history!!! I sold some shares at .0003 which turned out to be the shares before the buyback!!! Broker told me they were shorted. Broker cut my losses to 10000 dollars today when they cover shares at .0008. They said stock will continue to rise but anybody that sold stock in last 3 weeks will have to cover their shorts. I will not touch this stock again!!! Also I will not post anymore on this web site. Good luck everyone!!!
Posted by cottonjim on :
PREDICTION: If PAIM pulls a PAIV and the share price even comes close to touching a penny, Pearl, Elvira, The Easter bunny, Satan, whoever the hell runs the show, is going to flood the market with the billions and billions of shares that they just took away from people using those nifty little debtnetures. They will be laughing all the way to the bank. Of course, so will I so who am I to point fingers here. LMAO
Posted by green_penny on :
Anybody has any idea how many shares are shorted? from 6-15 to 7-12, totally 2981782300 shares are traded, maybe not too many in short as PAIV did, but the short report is due this month, we will see, I will hold mine.
Posted by T e x on :
shorted? your question *assumes* this has been shorted, yes?
I have a more basic question: Has anybody talked to the TA to get a current share structure?
Posted by SuperSniper00 on :
What is the email address for PAIM??
IR*pearlasianmining.com does not work
Posted by BuckyBarnes on :
quote:Originally posted by SuperSniper00: What is the email address for PAIM??
IR*pearlasianmining.com does not work
I used "gary.gotanco**********" for Gary Gotanco, VP-Bus Dev and INvestor Relations, Pearl Asian Mining Industries, Inc.
Posted by BuckyBarnes on :
gotanco is on "**********"
Posted by BuckyBarnes on :
ohh pooh...., I am trying to say that his address is on gmail dot com
Posted by MoneyMoneyMoney on :
lol, well I'm not gonna throw any cash at this but I will keep my 2.6billion preferred shares to cash in down the road. Who knows right!
Always protect your capital!!! Do your DD
Posted by green_penny on :
shame on Forbes...that is a reposted PR from the company...
Posted by Chad on :
i talked to scottrade and they told me i could be, but i had to place a limit price at what to buy at. would I just buy at what its ask is? sounded odd to me....anyone clarify that more for me.
Posted by Chad on :
oops, i meant buy, not be. lol
Posted by superman7 on :
u/ting pre-market
.0009 by .001 this is going to be huge!
Posted by juice on :
rock n roll. who knows how many billions of shares have to be covered, this is going to fly (all speculation after i sat watch paiv do the same thing lol)... looks like everyone putting in their orders so we're upticking premarket Posted by megahead34 on :
Well forbes article said 3.1 billion.
Posted by superman7 on :
NITE is of the ask at .001...about to go here
Posted by pepsiman on :
the hdsn broker is holding us back
Posted by pepsiman on :
alreght hdsn is out
Posted by juice on :
this is wild another 100% today??
Posted by pepsiman on :
any thoughts on the EOD
Posted by PCola77 on :
This thing trades in the most ridiculous way. I decided to throw a few bucks at this and put in an order for .0009. Trades went off like crazy at the open for .0008 and eventually I got a partial fill at .0009. But it never showed my order on Level 2.
While I'm standing by my statement that this will be nothing near what PAIV did, I figured it was worth taking a shot with a small amount. Good luck to all.
Posted by PCola77 on :
Yeah, it'll happen at around 4:00
quote:Originally posted by pepsiman: any thoughts on the EOD
Posted by pepsiman on :
ok PCola I was refering to number as to where some of you think it may go to
Posted by PCola77 on :
Woo hoo, trade at .01, I'm rich, I'm rich...
Posted by juice on :
im looking for .0016 today
Posted by pepsiman on :
I wish, I think we'd all be out now
Posted by tonicma on :
looks good to me
Posted by pepsiman on :
need to get rid of HDSN he's holding up the move here
Posted by pepsiman on :
I tried to call PAIM was not able to reach them. Does anybody know the Float on this stock?
Posted by green_penny on :
How many shares in HDSN's hand? it will go soon, the float is dring.
Posted by pepsiman on :
is it possible that HDSN has this Lrg order to hold this back so he and the rest of the MM's can cover their shorts? is this stock going anywhere today?
Posted by megahead34 on :
Looks stable at .0011, i think this will have a big second half, especially with weekend coming up.
Posted by juice on :
i just sold 400k at .0011??? this is gonna move big
Posted by PCola77 on :
huh?
quote:Originally posted by juice: i just sold 400k at .0011??? this is gonna move big
Posted by green_penny on :
Have anybody tried put buy order at TD ameritrader today?
Posted by bobcat88 on :
Just wait till they actually become profitable!
Posted by pepsiman on :
superman7 do you think this is going to play out long and drawn out like PAIV or do you think that new rule effective this month will speed the process up any?
Posted by juice on :
quote:Originally posted by PCola77: huh?
quote:Originally posted by juice: i just sold 400k at .0011??? this is gonna move big
.0009 x .0011 was the spread for a while and my trade went through
Posted by madmoney on :
this is dropping, maybe the short cover hype was just that hype!! if so look out below tripple o one here we come!!
Posted by juice on :
man i cant log into ameritrade to see whats going on lol o well
Posted by megahead34 on :
What is happening here? Did it lose its spark? Is there an MM? superman or tonicma, what do you guys think?
Posted by Chad on :
i really hope this wasnt all hype, I already screwed up once by selling a stock that went up today to get his...
Posted by megahead34 on :
Its not all hype, its a fact that brokers were trading the stock when it wasn't tradeable.
Posted by Chad on :
ya mega i know, its just its hard to believe that anything is a sure thing...meaning this has to go up as PAIV did..... I just seem to have bad luck, like when I put in a sell order for NANN yesterday after its 2day run of s 100% and it only sold of a tiny portion for some reason and then came tumbling down. then today I sold SLWF to getinto this after waiting for it to go....so what happens, I sell and then it takes off. I seem to always miss out with bad luck....I just hope for once this stocks changes my luck and ya'll are right.
Posted by madmoney on :
it`s a fact that after the debenture adjustment there remained something like 2.7 billion free trading shares in the float. thats alot of tradable shares. there is no concrete varifiable proof that large numbers of shares were sold short. for all we know all shorts may have already been covered. it is a fact that many holders on previous PAIM threads stated that they could not trade thier shares, ticker symbols were missing, values listed as zero, and many other similar problems were reported by many holders, few could have sold even if they wanted to!
Posted by BuckyBarnes on :
quote:Originally posted by SuperSniper00: What is the email address for PAIM??
IR*pearlasianmining.com does not work
...also should have included, in my post last evening, that I sourced the contact e-mail address for Ganto was from PAIM's website. So at least some of the information on their website is current. I originally tried the same address, sniper, and the e-mail was kicked back as undeliverable. That's when I tried the address listed for Ganto since he was described as the IR person in the Phillipines.
The target I am looking for today is between .0015 and .002, then I'll wnjoy the weekend. .....GLTA today....
Posted by Chad on :
hmm, that doesnt sold reasurring MAD. thx though. guess I'll give it few days and see how it does. not much choice anyway. lol
Posted by BuckyBarnes on :
...sorry...gotanco
Posted by PCola77 on :
Here is my post from the other thread, not sure if ay of you saw it. I did throw a few bucks at it, but I'm not expecting the huge windfall that a lot of you seem to be.
I would be very hesitant on thinking this will be anything like PAIV. There are some important differences here.
1) With PAIV, we knew exactly how many shares there are/were. With PAIM, between the reverse split that wasn't, and the companies endless dilution, no one knows how many outstanding shares there are, but the number is in the BIllions I think.
2) With PAIV there were hundred of millions of shares sold in one day, when the float was only 26 million. It was very obvious that shares were short sold, intentionally or not. The float was suddenly more than 1000 times what it should be. Since we don't know what the PAIM float is, no one can be sure how many shares were "shorted", and from everythign I read, the multiple is no where that amount, so any "short squeeze" would be dampened if not completely eliminated.
3) Many PAIM holders will sell this stock at any chance, given the confusing ways the stock and executives have acted in the past.
4) A lot of people have been so confused by past PRs, the "debenture" issuance, and a number of other things, that they won't be wiling to take a chance on a stock like this for fear of being burned.
5) There was an intial "Short squeeze" on PAIV the first couple of days, from .008ish to .0013, but then a slow drop back into the .0040 range. After that it's taken around 2-3 months for the most recent leg to kick in. If there is really a squeeze on PAIM it may be a while before you even notice.
All in all, I'm not saying don't buy, but I am saying this will NOT be anything close to another PAIV
Posted by Chad on :
told ya...im jinxed. at 0007 now. boy I love losing money. lol hope it goes back to 001 next days I gotta hold this.. i shoulda known better to buy into the hype. i always break my own rules. Posted by megahead34 on :
Don't worry Chad, this will go up by EOD...hopefully Posted by Chad on :
so whrs all the heavy hitters? juice, tonicma, superman....saw lot of familiar faces and others talking about this in a very good way.... have u guys left or still believe?? just lay ur hands of healing power on me. lol
Posted by madmoney on :
.0006 is comming up!!!
Posted by PCola77 on :
I bought at .0009 and sold at .0008. I should have listened to myself...
Posted by juice on :
hey im still here but im down to 400k. sold at .0011, .0009(most) holding the rest hopefully shell start to move i dunno doesn't look great at the moment we'll see. i was pumped at first started off great guess some intial hype will do that, goodluck everyone
Posted by megahead34 on :
Yea, i think i'll hold and see what happens.
Posted by PCola77 on :
Jesus, printing .0005s now
Posted by megahead34 on :
It could be lots of profit takers from yesterday's big day. I've noticed this alot, a big day usually results in a bad next day....but it picks up again. I doubt that all the shorted shares are covered.
Posted by madmoney on :
could be a .0001 stock again next week! smells like a pump and dump!-------- .0004 is comming up!
Posted by megahead34 on :
wrong, .0008 is coming up!
Posted by ridethewave on :
There are two sets of shorted shares that needs to be covered: 1. Shares sold by people after june 15th w/o knowing that they are restricted. This short number may not be huge but it is there 2. Shares that were naked shorted all this time. This number may be huge. The ratio of shorted shares to available shares have increased tremendously now due to this 90% buyback in no time with this CD method. Usually, if the co. buys back shares in open market thereby reducing o/s, it is done over some time so people who have naked shorted the shares have enough time to cover. Plus, the price is kept depressed during this buyback time, so company can buy back shares cheap. This is not the case here. 90% of the shares were cancelled in no time through CD's that caught naked short sellers by surprise. For example, if the total shorted shares prior to june 15th is say 5B to be conservative (I believe it could be much more), the short to avl. shares in market ratio will be only 0.2 for 30B O/S. But now with 90% of O/S taken out of market, the short to avl. shares in the market ratio will become 1.6 which is high. Naked shorters will start to cover if any kind of good news comes out that cause increase in pps that would force shorts to cover before it gets worse for them. A cash dividend at this time even if it is small amount like $0.001/share will definitely will make it worse for the shorts. All IMHO
Posted by T e x on :
how did that hype work out?
anybody talk to the TA, yet?
Posted by green_penny on :
Does anybody read this "Pearl Asian Mining Answers: The Commonly Asked Questions of the 90% Buy Back of Its Issued and Outstanding Common Shares" link: http://www.pearlasianmining.com/faq.htm
I'm pretty new about this, what totally that means?
(Q18) I have been investing in stocks for 8 years and in my opinion there is a lot of confusion about what the float is and what really remains of the restricted shares. It made no sense that we had days of trading of 3 to 5 billion shares, and the price would not move, if there was a 5 billion float. Maybe someone converted 10 billion shares of stock and put it into the float and sold out. If there is a 15 billion float and a major stockholder sold shares, this would explain the huge volume. I recommend that a true picture of the number of shares in the float and the remaining restricted shares be ascertained. The company can easily find out who sold huge share blocks and who are the owners. It seems that 10 billion shares were possibly converted and sold. This would explain why there might be no Naked Shorts and a huge volume with no price change. Buyins should be able to find this out. I own 345 million shares and will increase my position. (A) We are investigating to get to the bottom of the actual float. It seems that many of our large shareholders have deposited shares but there are 2 billion Objecting Beneficial Owners according to ADP so we don't know who they are. I believe the float may be 15 billion or higher but the outstanding remains around 30 billion.
Does this means now the OS about 3billion, and float about 1.5billion?
Posted by SuperSniper00 on :
How do I get these preferred shares converted into common shares??
I have 19 billion preferred...the conversion was 1 common for every 1000 preferred right? Well that leaves me with 1.9 million common and selling that at .0009 is like $1700. I want that money.
Posted by green_penny on :
I have 19 billion preferred...the conversion was 1 common for every 1000 preferred right? Well that leaves me with 1.9 million common and selling that at .0009 is like $1700. I want that money.
you sure 1:1000 conversion is 1.9Million? seems should be 19million, maybe I am wrong Posted by ohio_trader on :
quote:Originally posted by green_penny: I have 19 billion preferred...the conversion was 1 common for every 1000 preferred right? Well that leaves me with 1.9 million common and selling that at .0009 is like $1700. I want that money.
you sure 1:1000 conversion is 1.9Million? seems should be 19million, maybe I am wrong
yes i had 700,000 shares at conversion date and received 700 million preferred 1000x1
Posted by buzzygresham on :
does anybody really know what the conversion rate is right now if you convert the preferred shares??? i know it depended on how long you held them but im not sure where it is at right now. anybody know???
Posted by ridethewave on :
I think that there is a good chance that this may go to 0.003 in next two weeks. 0.003 is only 0.0003 pre conversion and we have seen the stock go there previously
Posted by NEL on :
My account shows: CONTRA PEARL AISIAN MINING 90% - 2,250,000 shares (restricted) PEARL ASIAN MNG INDS - 2,500,000 shares (restricted) and PAIM - PEARL ASIAN MNG INDS INC WYO COM *** SEE BMND *** - 250,000 shares (?)
Just wondering if the last one PAIM is restricted?
Posted by ridethewave on :
I know this is a long message but it is useful info. that is posted in PAIM website that answers lot of our questions:
Pearl Asian Mining Industries, Inc. answers the commonly asked questions on the 90% Buy Back or approximately 27,000,000,000 of its issued and outstanding common shares using a convertible debenture. Pearl Asian has no intention to hurt the PAIM Shareholders. The buy back is another creative and positive tool in reducing PAIM huge public float, thus benefiting all the shareholders and the success of producing gold by the company. Pearl Asian continues and will ever respect to cherish all of its shareholders, from the smallest to the largest and from the poorest to the richest! (Q1) If I have 50 Million shares bought at .0001. The company is saying they are taking 45 Million out of my account and giving me an IOU for $45,000 which after 5 years I get to keep but I lose my debenture shares. So after 5 years, I am left with 5 Million shares and 45,000. Anytime before the 5 years is up, I can turn my debenture shares into free trading shares for a cost of .01 cents a share, but I can only do this for 10% of my debenture shares. So if I choose to turn my debenture into free trading shares I am left with 5 Million shares from my original purchase and 4.5 Million shares from the debenture, but it cost me $45,000 to convert them. So I will be left with 9.5 Million shares and out $45,000. The company is in effect paying $45,000 for 45 Million shares, they could buy on the open market right now for $4,500.00. They are paying 10 times what they are worth. What am I missing here? Why would a company do this? (A) Yes, you have it correct. However, the reason to pay with a note instead of cash is that the company doesn't have the cash available to buy that many shares out of the market. If we tried to buy that many shares (27 billion) out of the market it could cost more than $0.001 on average, because as the supply decreases the price will increase. We thought that $0.001 would be fair for several reasons: $0.001 is the par value and since debenture holders will have to wait 5 years there is a discounted value less than $0.001 before maturity. And with the $0.001 price it makes it possible for the debentures to have a market value (should a market emerge on the Yellow Sheets) higher than $0.0001. (Q2) Can you clarify something for me. In my case, of having 50mil shares of PAIM. I know I keep 5mil and 45mil I bought out. If I wanted, I can sell at anytime and get $45,000 cash; If I stay, I’m guaranteed $450,000 in 5 years or less. My thinking is, I would have received that amount anyway if the value hit $0 .01. That’s where I’m lost. What if the value hits $0.02, etc. do we lose out on that opportunity? (A) Sorry for the confusion, but PAIM will only be obligated to pay you $45,000 after 5 years if you do not convert back to common stock at the rate of $0.01. For the $45,000 debenture to become worth $450,000 the stock would have to go to $0 .10 per share. But you would have to first convert your $45,000 debenture to 4,500,000 common shares and sell those shares for $0.10 per share to realize $450,000. In that case your other 5,000,000 shares would be worth $500,000 if you held until they hit $0.10. If the stock goes to $0.01 your 5,000,000 shares will be worth $50,000 and if you cashed in everything at that point you would have $95,000 including converting your debenture to common stock and selling those shares at $0.01. You can not cash in your debenture during the 5 years with our company. But if a market develops for the debentures you may be able to sell the debenture into the market at a discount before maturity, or even a premium if the stock closes above $0.01. (Q3) What will happen to our preferred shares if we do not convert? (A) You can keep the preferred shares as long as you like, and we hope they will increase in value over time. (Q4) I’m new at this investing stuff. I read your May 5th article on Big Charts.com and I’m not sure what this all means I’m real new at all this investing stuff. I bought 1,300,000.00 shares (130.00) in the company and I follow it everyday. I noticed at the bottom of my streamer page that there is an additional 200,000,000.00 shares added to this with no price, can you explain this to me. Do I need to sell this back to the company and if I do will I keep the 200 million shares? (A) It seems strange that you would receive 200,000,000 preferred shares if you only bought 1,300,000 common shares. The preferred shares do not have a symbol yet so there is no market value yet. If you own your common shares on the conversion date 90% of those shares will be converted to a debenture at the rate of $0.001. We gave an example in our press release using 1,000,000 common shares as an example which may help you understand this. We will publish our Q&A page on our web site where we have answered various questions about this subject and we hope this will be helpful as well. (Q5) Hello can you tell me what is naked selling and how does it happen? (A) This happens when Market Makers or Hedge Funds sell shares through the market that they do not own and have not borrowed. On July 3rd, new rules should make it so that shorting in Pink Sheets companies will be published, so we will get a better understanding how much we have been victimized by this plight. (Q6) I was reading your article on May 4 on the buy back of 90% of the float. I see that if you’re an owner on June 1, on the 15th you‘re entitled to the debentures. It wasn’t clear on your article if you must convert your share or you can hold the common. Can you please clear that up for me. I would like to know if I can just own the common stock I own now or must I have debentures? (A) We are currently considering making the conversion automatic, so that we accomplish the goal by reducing the number of common shares outstanding without a reverse split. (Q7) Does today's news of 5/4/06 say that my shares/money is locked up for up to 5 years? Is 10% of it is open for trading? (A) You will have 10% of your shares to trade and possibly as high as, or higher than .001 due to supply and demand factors. In this example, if you bought at .0001 and then after conversion sold at the remaining 10% at .001 you would have your investment back and the debenture would be profit, with none of your initial investment tied up. Furthermore, it is possible that you will be able at some point to sell your debenture for a percentage of face value, and/or convert it to stock at .01 per share. Since PAIM has more than 3,000 shareholders, there is a reasonable expectation that a market will develop over time for PAIM's convertible debentures at a percentage of face value. The market value of the debenture, if any, should increase as the maturity date approaches. Based on other factors such as the market value of the common, and future failures and/or successes of PAIM will all be contributing factors. (Q8) I have 50 mil shares right now. Does it mean 45mil shares are locked up for up to 5 yrs? (A) No, it means that PAIM will owe a debt to you in the amount of $45,000. And you will no longer own those 45,000,000 shares, but only be able to convert back to 4.5 million shares if you elect to convert the debenture to common. (Q9). And I can trade 5 mil now?? (A) Yes, and before the conversion date you can trade your entire position, but the less you own on the record date, the less the amount of the debenture you will receive on the conversion date. But you may have meant, "Can I trade what will be my remaining 5 mil shares after the conversion of my other 45 million shares?". The answer to that question is, "Yes!”. (Q10) How many more shares will be dumped sir? (A) We have no control over shareholders selling their shares on the open market or market makers naked shorting. (Q11) What would happen with our dividends with this news release? (A) The buy back could increase the value of the preferred shares. (Q12) How will the new outstanding shares and float numbers affect the Buyins numbers? (A) What new outstanding? The common outstanding remains approximately 30 billion. The buyins report is not based on the float as far as we understand it. (Q13) Would you please confirm the stock dividend of 1000 for 1 preferred shares to the holders of PAIM.PK as of record date 3-15-06 and pay date 3-31-06 if a holder has 1000 shares of PAIM.PK how many shares of PAIMPR will he receive? (A). If you owned 1,000 common shares of PAIM in your brokerage account at the close of business on March 14th you should have received 1,000,000 preferred shares. (Q14) Regarding the preferred stock, when was the cut off for getting the Preferred Stock, as I had my common stock bought by March 13, 2006 (A) If you bought on the 13th and held till the 15th of March 2006 you are entitled to the dividend. (Q15) I have 900,000 common share of PAIM that I have bought through my account at Scottrade.com. I know that Pearl Asian Mining Industries was doing a preferred stock for people who had common shares. I am confused at what the rate is for the common to preferred is, it seems I have a 1 for 1 rate. I have 900k preferred shares, I bought my common shares 500k on March 6 and 400k on March 13. Please can you inform me of what the correct rate is for shareholders please, that way I can contact Scottrade if there is any issues. (A) Perhaps Scott trade can't put that many digits in their computer. You should have 1000 preferred for every 1 common. (Q16). I’m going to try this again, appeared my first one kicked back. I see that I received the dividend. It has no symbol yet. Any idea when it will be up and running? Is the value starting at .00000001? I think that’s what I got from the news. Will that trade openly just like paim does? (A) The Preferred has no symbol yet. We hope that this month to see it up and running. Yes the par value is .00000001 but we have no idea what the market value will be if any. We can't predict how it will trade. (Q17) The reason I am asking this question again, is that I would like to convert the preferred shares into a stock certificate. How I understand the issuance of the preferred shares is this way: I keep the 500,000 shares issued into my account for 1 year in form of a certificate. Then, after 2 years I get rewarded with another deposit of shares into my account, according to the formula for holding the shares for 2 years. Then, the same occurs, after holding the shares for 3 years and so on until after 5 years? If this is correct, please, let me know. (A) If you owned 500,000 common shares you can keep those in your account and request 500,000,000 preferred shares. The longer you hold the preferred shares the more common shares you will receive if or when you decide to convert the preferred into common. The common shares you own do not effect the preferred you are entitled to. Hope this helps. (Q18) I have been investing in stocks for 8 years and in my opinion there is a lot of confusion about what the float is and what really remains of the restricted shares. It made no sense that we had days of trading of 3 to 5 billion shares, and the price would not move, if there was a 5 billion float. Maybe someone converted 10 billion shares of stock and put it into the float and sold out. If there is a 15 billion float and a major stockholder sold shares, this would explain the huge volume. I recommend that a true picture of the number of shares in the float and the remaining restricted shares be ascertained. The company can easily find out who sold huge share blocks and who are the owners. It seems that 10 billion shares were possibly converted and sold. This would explain why there might be no Naked Shorts and a huge volume with no price change. Buyins should be able to find this out. I own 345 million shares and will increase my position. (A) We are investigating to get to the bottom of the actual float. It seems that many of our large shareholders have deposited shares but there are 2 billion Objecting Beneficial Owners according to ADP so we don't know who they are. I believe the float may be 15 billion or higher but the outstanding remains around 30 billion. (Q19) Doesn’t every company have its own market maker who promotes the stock? If they do what is PAIM's market maker doing to BOOST the PPS ?? (A) MM only represents themselves or retail shareholders but not the company. Sometimes MM become bullish on a company and will help when they can, but they have lots of rules and regulations to follow. (Q20) I am a stockholder from Belgium. I don't really understand what you want to do to increase de stockholders value ; your last PR is in my point of view a reverse merger and in such a case the stock value often decrease. (A) No, this has nothing to do with a reverse merger, and we hope that this action will increase shareholders' value in PAIM. (Q21) Your previous PR about dividends was not correct; they are totally restricted (not possible to sell them this was not mentioned in the related PR. (A) Because there is no symbol yet for the preferred does not mean they are restricted. No market can develop until a symbol is created, which we hope to have in the near future. (Q22) Is there any prospects for the future of this company, you seem, by your web-site to believe in GOD, as I do. I hope some honest insight will be forth coming. (A) We are working day and night to make PAIM a successful and profitable company. Keep the faith, and may God bless you abundantly. (Q23) Why is the stock .0000 ? Is this how that market works sir? (A) Supply and demand determines the price per share but the stock rarely ever trades below .0001. (Q24) WHERE ARE all the shares that are selling coming from?? (A) From all the shareholders and we believe also from naked shorting, but will have to wait until the new rules are effective to learn the amount of shorting. The Company has not sold any shares privately during the heavy volume that has recently occurred, (and has never sold shares publicly at any time). I've done a little research and learned that people believe because PAIM trades OTC unsolicited Pink Sheets, that Market Makers can not buy and sell shares for their own account. However, from what I have learned, that rule only applies when the Market Maker puts his or her call letters on the Pink Sheets. If NITE, one of the market makers, for example, doesn't show their call letters on the Pink Sheets, it is my understanding that they can buy and sell (short) for their own account through verbal and electronic orders. There are hundreds if not thousands of Market Makers that do not show their names on the Pink Sheets for PAIM so in theory any one of those could sell short. Sometimes you see market makers come and go more than once in the same day. There could be two reasons for that. One is that they indicate retail unsolicited orders only while they hold same. Or, decide they want to buy or sell for their own account, so they drop their call letters from Pink Sheets while not indicating the retail orders they are working. There is also the possibility that some of the powerful market makers, for example such as NITE break the rules and pay big fines when they get caught. I remember reading somewhere that they paid huge fines in the past. (Q26) What are PAIM's goals for this year, 2006? (A) (1) Get all the Pearl Asian Gold Claims into production. (2) Report profitability within this year.(3) Register and move into a new listing (4) That all current PAIM Shareholders will be able to sell their shares for a profit, and all PAIM’s employees and its host communities be happy and successful. (5) Make PAIM the leader in the Philippines Mining Industry. (6) Continue to share with the poorest of the poor in the Philippines through donations, job creation and community development. ABOUT THE COMPANY: Pearl Asian Mining Industries, Inc. is a fast growing gold mining company that is in its active exploratory, developmental and pre-production stages with mining interests and claims in the Philippines and Canada.
FORWARD- LOOKING STATEMENTS: Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Posted by ruthie on :
Thanks ridethewave.. That article helps clear things up a bit (I think)..
Posted by megahead34 on :
Is it safe to say that the hype is over? Can someone please guide me on what i need to do to convert my preferred shares to common shares? Do i talk to Scottrade for that? Sorry, still a newbie.
Posted by megahead34 on :
Equipment is here, soon GOLD!!
Posted by Duncan Idaho on :
PAIM dumping ruthlessly into the PR.
This is a POS.
Posted by ruthie on :
OUCH!!
Posted by BuckyBarnes on :
.001 ????? Did someone fat finger on a buy?
Posted by buzzygresham on :
So is it 10000 to 1 right now or 1000 to 1 if you want to convert your PAIMPR to common?
Posted by ruthie on :
A little uptick would be nice...instead of this steady downturn...
Posted by megahead34 on :
how do we convert? I have never done anything like this.
Posted by smalltime on :
Manufacturing Of Gold Mining Equipment Completed and Shipped From China Today to Cagayan De Oro, Pearl Asian Mining Announces
By BusinessWire Last Update: 7/17/2006 9:27:00 AM Data provided by
MANILA, Philippines, Jul 17, 2006 (BUSINESS WIRE) -- Chief Metallurgist Engr. Elvis Hidalgo and VP/ IRO Engr. Gary Gotanco of Pearl Asian Mining (PAIM) reports: The Pearl Asian mining engineering group called "CDO Gold Team" is prepared to receive the gold mining equipment from China. They have been preparing the mine and the gold plant site for weeks to set it up by July 31, 2006. The team has been using manual methods in breaking and preparing the location site by using moil, bareta and sledge hammers and using horses due to the remoteness of the area.
The CDO Gold Team is hoping to get the plant into operation within the first week of August or upon its arrival and obtain the first gold revenues. The funds to be generated will be used to cover overheads, purchase larger and state of the art equipment to break and haul the ores instead of the manual methods currently being used. The Gold Team will be able to explore larger goldveins that contain richer and higher grade gold ores, to build better housing accommodation, mine site office and communication center, medical clinic or dispensary. Pearl Asian will be able to hire additional miners and to increase the production rate from the small scale operations to 100++ tons per day by upgrading and adding bigger capacity of the processing plant.
An 18-20 tpd (tons per day) operation, a safe and environmentally friendly methodology, using specific gravity gold and silver extraction processing plant is designed to extract and to process these gold ores. This initial processing plant will act as a pilot plant for the envisaged full-scale operation, to increase the production rate from 20 tpd to 100-200 tpd.
The Operation CDO will produce gold and silver concentrates containing other precious metals and by-products such as copper and zinc.
It should be noted that "Operation Cagayan De Oro" will be the flagship of Pearl Asian Mining (PAIM) for sometime to come, covering an estimated 7,000 hectares of ancestral domain land. An approximately 20 hectares portion of this small scale mining operation, being permitted, is a joint venture gold mining project between Pearl Asian Mining (PAIM) and the Higaonon Tribes led by Chieftain Datu Joni of the Indigenous Group of People located in the Eastern Region of Mindanao.
FORWARD-LOOKING STATEMENTS
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries Inc.
Posted by Chad on :
i definately learned my lesson yet again on not buying on hype,no matter how many good players are talking about it doing well!
im out as soon as I am able with loss.
Posted by Ripler on :
WOAH WOAH WOAH!!!
ok I have been away on vacation this summer and not keeping track of PAIM...last time i did my research was some time in may.. I bought at .0002, back in febuary..
ok was there a R/S?? I had 3 million shares which i bought for $300 only..
where am I at now..
Posted by Ripler on :
If there is anyone keeping up with this stock, please let me know whats been going on recently.. i notice this thing is dropping now and im contemplating to sell
Posted by bobcat88 on :
With the investment you have I'd continue to sit and wait, 90% of your shares are restricted anyway. With time this is gonna be huge. IMO
Posted by Ripler on :
ok but im still lost and confused where i stand.. TDwaterhouse is telling me they dont know everything so they are doing research and will call me back...
was there a R/S?? did i ever get the 1 to 1000 shares i was supposed to receive due to the march x-date..
I understand I cant sell them as you say because they are restricted but how exactly did this come about..when did this happen..let me know where i stand...anything would be helpful..
Posted by Ripler on :
as told by my broker.. im confused how all this happened from the 1 million i initially bought back in febuary
Posted by ruthie on :
I was told by Scottrade.. The company will automatically exchange 90% of the outstanding shares for a convertible debenture at a rate of .001 per share. The anticipated pay date is not yet known at this time. To facilitate the exchange DTC has moved 90% of our holdings to a contra cusip pending the issuance of the debenture. Once the convertible debentures have been issued the contra cusip will be exchanged per the terms of the corporate action. The remaining 10% of your PAIM was converted into common stock. Hopefully this makes sense to some of you. I think I have it but not quite sure if I understand it 100%....
Posted by bobcat88 on :
as told by my broker.. im confused how all this happened from the 1 million i initially bought back in febuary
I think that you should have 1 billion preferred if you had a million back in march. (they did a 1000 for 1 prefferred)
Posted by SuperSniper00 on :
Here is the response to an email I send to gary. Looks like my 19 billion preferred shares might turn out to be worth something after all.
Good day,
The 90 % buyback only covers common shares, so your preferred shares are not affected.
The preferred shares may be converted to common shares after the buyback is completed, which occurs when the DTCC transfers to PAIM all of the 90 % or approx. 27 Billion outstanding common shares subject of the buyback. We shall issue a press release informing shareholders when the buyback is complete and how to convert CD Notes and preferred shares to common.
For conversion rates of preferred to common, please refer to attached press release dated March 28, 2006.
Thank you for your keen interest in PAIM.
Best regards, Gary Gotanco VP-Bus Dev. and Investor Relations Pearl Asian Mining Industries, Inc.
Posted by Ripler on :
hmm all interesting..
HOWEVER, i just spoke to my broker and she told me that there was never a 1 to 1000. supposedly she says that the preferred shares issued will have only a 1000 to 1 value!! but not that you will receive 1000 for every 1 common share...
I feel kinda jipped..
If shes is giving my false information, please let me know!
Posted by Ripler on :
which is correct? what my broker is saying or is she just playing games?
Posted by Ripler on :
I had 1 million common shares before the march xdate..I did not sell any.. why did I not receive the 1 to 1000 preferred?
Posted by bobcat88 on :
If you owned PAIM stock on March 17'th then you were issued 1000 preferred shares for every share of PAIM you owned. Your Scottrade account should reflect this. I owned 31 mil shares before the 17'th and was issued 31 bil but they state it otherwise, as this. From my Scottrade account, *PAIMPR PEARL ASIAN PFD UNIT 1=1000 **(CDN) Cash 31650000
Posted by BuckyBarnes on :
Hidalgo and President/CEO Randolf Villanueva of Pearl Asian Mining (OTC: PAIM)
announced today that Pearl Asian acquired a Smelting and Refining System to
refine its own gold, platinum and silver to 99.95% purity. This gold and
platinum system works without any acids. It was strongly recommended over any
type of acid refining system. It is far safer, cleaner and easier to use. It's
far less expensive and has a virtually indefinite shelf life. The manufacturing
company has been around since 1918 and proved their equipment to be effective
and efficient. It is estimated that there are over 5,000 units in use today and
from just 1999-2001, over 5 metric tons of gold was refined in these refining
systems. It has dual capacity and can run batches of up to 1 kilo of gold within
an hour run time. It is so compact, about 1 cubic foot in size, and versatile.
Pearl Asian has included this revenue-making enterprise as a subsidiary of the
Pearl Asian Mining Industries (PAIM) that also complements its actual
gold-mining operations. Pearl Asian's mission and vision to enhance
environmental protection will be achieved, as this system is proven safe because
it does not use acids, cyanides or toxic chemicals and can be used in dust
collection. It is odorless and has no smells. It produces 99.95+% purity every
time. It costs only $1-$2 per ounce of gold to run.
"By refining our own gold, silver and platinum, Pearl Asian will have saved over
$10,000,000.00 in our first year of production, and Pearl Asian has already
begun offering this smelting and refining service to other local and small-scale
miners, thus generating extra revenues immediately," exclaimed Randolf
Villaneuva, President/CEO.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause our actual results, performance or achievements to
differ materially from the anticipated results, performance or achievements
expressed or implied by such forward-looking statements. Forward-looking
statements in this release include statements regarding the Company's
projections regarding gold production in future periods. The Factors that could
cause actual result to differ materially from anticipated results includes risks
relating to estimates of reserves, mineral deposits and production costs; mining
and development risks. The risk of commodity price fluctuations; political and
regulatory risks; risks of obtaining required operating permits and other risks
and uncertainties. Penny Stocks are very highly speculative and may be
unsuitable for all but very aggressive investors. The Company disclaims any
intention or obligation to update or revise any forward-looking statements,
whether as the result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries Inc.
CONTACT: Pearl Asian Mining Industries Inc. Investor Relations Gary Gotanco, 678-570-6538 or +63-2-490-0140 IR*PearlAsianMining.comFAX: 877-317-4430 www.PearlAsianMining.com
Copyright Business Wire 2006
Posted by BuckyBarnes on :
Is anyone else observing that there is no bid/ask values being displayed for this issue on the platforms you'all use? I'm on Scottrade and the B/A are showing blanks.
Posted by megahead34 on :
i see 4 and 6
Posted by bobcat88 on :
4 and 6 for me as well.
Posted by BuckyBarnes on :
???? Blanks have been replaced by .0004 and .0006 respectively......so it appears Scottrade updated their database?? TY Mega... Do others that use Scott see information lapses like this occur very often?
Posted by Duncan Idaho on :
after stealing 90% of our shares, PAIM has already been massively diluted by the company.
PAIM is a Mario Pini dilution machine, assoc. with a fictional gold mine.
Posted by BuckyBarnes on :
quote:Originally posted by BuckyBarnes: Is anyone else observing that there is no bid/ask values being displayed for this issue on the platforms you'all use? I'm on Scottrade and the B/A are showing blanks.
There it has occurred again....and from volume change it appears a 10M block of shares traded?
Posted by Ripler on :
ok i held before and after march 17th and never received the 1 to 1000 preferred shares... I got jipped.
I have to talk to them con artists!
Posted by timstl on :
I haven't been following, so I don't know if this info helps anybody, but I received this email after inquiring about the "N/A" shares in my Ameritrade account:
quote:According to our records, I am showing that 90% of your shares of Pearl Asian Mining have been placed in a contra position due to the company?s decision to buy back 90% of their shares. The other 10% of your shares are currently tradable and you may place a trade for them at anytime.
At this time, the contra position for Pearl Asian Mining Ind Pfd is not convertible. Once we have received payment as the result of the company?s buy back of shares, your account would be updated accordingly. According to our records, shareholders will receive convertible debentures. Once the shares are credited to your account, you may wish to consult with us again for the terms of the conversion.
Laurie W. Reorganization and Safekeeping, TD AMERITRADE Division of TD AMERITRADE, Inc.
Posted by megahead34 on :
Whats going on here again? It's up.
Posted by BuckyBarnes on :
Did yesterday's PR have some effect? Is more PR coming?
Posted by megahead34 on :
There was no PR yesterday.
Posted by BuckyBarnes on :
This was posted yesterday..
quote:Originally posted by BuckyBarnes: MANILA, Philippines, Jul 19, 2006 (BUSINESS WIRE) -- Chief Metallurgist Elvis
Hidalgo and President/CEO Randolf Villanueva of Pearl Asian Mining (OTC: PAIM)
announced today that Pearl Asian acquired a Smelting and Refining System to
refine its own gold, platinum and silver to 99.95% purity. This gold and
platinum system works without any acids. It was strongly recommended over any
type of acid refining system. It is far safer, cleaner and easier to use. It's
far less expensive and has a virtually indefinite shelf life. The manufacturing
company has been around since 1918 and proved their equipment to be effective
and efficient. It is estimated that there are over 5,000 units in use today and
from just 1999-2001, over 5 metric tons of gold was refined in these refining
systems. It has dual capacity and can run batches of up to 1 kilo of gold within
an hour run time. It is so compact, about 1 cubic foot in size, and versatile.
Pearl Asian has included this revenue-making enterprise as a subsidiary of the
Pearl Asian Mining Industries (PAIM) that also complements its actual
gold-mining operations. Pearl Asian's mission and vision to enhance
environmental protection will be achieved, as this system is proven safe because
it does not use acids, cyanides or toxic chemicals and can be used in dust
collection. It is odorless and has no smells. It produces 99.95+% purity every
time. It costs only $1-$2 per ounce of gold to run.
"By refining our own gold, silver and platinum, Pearl Asian will have saved over
$10,000,000.00 in our first year of production, and Pearl Asian has already
begun offering this smelting and refining service to other local and small-scale
miners, thus generating extra revenues immediately," exclaimed Randolf
Villaneuva, President/CEO.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause our actual results, performance or achievements to
differ materially from the anticipated results, performance or achievements
expressed or implied by such forward-looking statements. Forward-looking
statements in this release include statements regarding the Company's
projections regarding gold production in future periods. The Factors that could
cause actual result to differ materially from anticipated results includes risks
relating to estimates of reserves, mineral deposits and production costs; mining
and development risks. The risk of commodity price fluctuations; political and
regulatory risks; risks of obtaining required operating permits and other risks
and uncertainties. Penny Stocks are very highly speculative and may be
unsuitable for all but very aggressive investors. The Company disclaims any
intention or obligation to update or revise any forward-looking statements,
whether as the result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries Inc.
CONTACT: Pearl Asian Mining Industries Inc. Investor Relations Gary Gotanco, 678-570-6538 or +63-2-490-0140 IR*PearlAsianMining.comFAX: 877-317-4430 www.PearlAsianMining.com
Copyright Business Wire 2006
Posted by ruthie on :
Looking better!!!
Posted by BuckyBarnes on :
Has anyone seen a confirmed number on the outstanding shares after the buyback?
Posted by bobcat88 on :
alot of PAIV money will come into here because people are wanting another PAIV run and this one is the closest to PAIV, also people who misssed PAIV will want this one
plus there are so many short shares out there
the .0009s are getting hit as i talk and the .001 break will be huge but i think the .0012 break will be the biggest cause if i re-call correctly thats the highest it hit
i think we can see a run similar to PAIV on this one!
Posted by juice on :
yeah this is really getting some nice trading today man this could be big! still skeptical but holding what i got left:)
Posted by rocktrader on :
Ok i just talked to folks at Ameritrade reorganising...
I bought 1000000000 of PAIM on 5/22..
Out of it 9 million is going for convertible thing
And they said I can sell 1 million of PAIM now...
Just veryfying with you experts on that...
Can i sell my one million now?
Posted by superman7 on :
rock as far as i know u can sell 1 mil of your shares(10%)
but i am still not 100% sure lol
but 99.99% sure
Posted by juice on :
holy volume batman!? .0014?
Posted by superman7 on :
PAIM..here we go...a **** load of .0014s just went through!
Posted by rocktrader on :
wow lots of buys at 0.001 and also at 0.0014...interesting..
we are going for a huge ride...hopefully with my 1 million i will go break even...
Let's pull a PAIV here Posted by MoneyMoneyMoney on :
SWEET! Now I'll hold my preferred for when the stock is worth something and then trade them in .
Posted by superman7 on :
PAIM...going to be huge i am seriously looking for 10 bags from here...if any stock is going to be the next PAIV this is it, and remmember its a gold stock with crazy numbers if those numbers are true this is huge!
Posted by ohio_trader on :
The PAIM is back,lol...............
Posted by superman7 on :
PAIM...here comes a new all-time high! i cant wait to see .01 make some of the money i lost these last 2 monthes!
Posted by rocktrader on :
i have 9 million for convertible and PAIM is saying that they are going to pay 0.01 at the end of 5 years?
That would be $90000, I can wait for that...
Am i on right path of thinking?
Posted by juice on :
man paiv started at .0007 and today its over .20 cents what the heck that is INSANE. if someone held that long (which i doubt).. but that someone woudl be very very rich
Posted by rocktrader on :
Let's go and break 0.002..we are almost going to hit 0.0015..man crazy buys...
Posted by MoneyMoneyMoney on :
quote:Originally posted by juice: man paiv started at .0007 and today its over .20 cents what the heck that is INSANE. if someone held that long (which i doubt).. but that someone woudl be very very rich
Yes Tonicma is very rich!!! He still owns more than the o/s. We are making mooolaaa!
PAIM A TEN BAGGER!? really???
Posted by superman7 on :
PAIM...here comes .0017...this will see .01 i hope and if it breaks .01 it should run like PAIV just imagine seeing .35 on PAIM i think i would die
Posted by PCola77 on :
Looks like I sold a bit too early Good luck to all of you who are in this, but again, I'll stress thsi WILL NOT be another PAIV
quote:Originally posted by PCola77: I bought at .0009 and sold at .0008. I should have listened to myself...
Posted by superman7 on :
PCola77, i thikn it may not get to be the next PAIV but i do thikn we will see .01 break and maybe get to about .03 but i guess we will just wait and see
quote:Originally posted by PCola77: Looks like I sold a bit too early Good luck to all of you who are in this, but again, I'll stress thsi WILL NOT be another PAIV
quote:Originally posted by PCola77: I bought at .0009 and sold at .0008. I should have listened to myself...
Posted by ohio_trader on :
this is going to be a HUGE short squeeze...they took back 90% of the shares and the mm's have to cover their billions shorted with only 10% of the shares remaining....this is going to go off folks....enjoy the ride !!!!
Posted by MoneyMoneyMoney on :
WOW! PAIM is really moving!!
I picked up 400k shares for kicks and giggles. Lets see what happens!
Posted by rocktrader on :
even with 1 million....0.03 is great for me..i settle for that
printing 0.0016..
Posted by MoneyMoneyMoney on :
quote:Originally posted by ohio_trader: this is going to be a HUGE short squeeze...they took back 90% of the shares and the mm's have to cover their billions shorted with only 10% of the shares remaining....this is going to go off folks....enjoy the ride !!!!
I like the sound of that!! Lets hope it rains true .
Posted by rocktrader on :
Yep i also talked to Ameritrade folks and choice trade...looks like there are billions of shares to cover with only 10% of float is available...
now everyone locked 90% of PAIM stock...
This is going to be HUGE guys...
Posted by juice on :
WOW
Posted by BuckyBarnes on :
Nice Ride here today......when will profits start to be taken?...just the skeptical view to stay real.....GLTA
Posted by tonicma on :
I have about 300million of this stock. Added more when it dipped
Posted by MoneyMoneyMoney on :
L2's are nice and thin and if it runs according to plan it will kinda be like PAIV. Lots of up action IMO!
Posted by superman7 on :
PAIM....lets just see .01 already!
Posted by juice on :
quote:Originally posted by tonicma: I have about 300million of this stock. Added more when it dipped
wow i have a million shares lol
Posted by tonicma on :
Been saying all the time same senarior as PAIV and LOVING it.
Posted by superman7 on :
300 mil wowwowowowowow lets find the next restricted stock so i can buy not 300 mil but maybe 30 mil Posted by rocktrader on :
if we break 0.002 sky is the limit...
Super good to see you after long time...
Posted by superman7 on :
thanks rock, i have been just losing so much money last 2 monthes or so in the stock market i just dont really buy and instead am focusing on my internet business and right now its booming so i spend alot of time there
but if PAIM can get to where i think it has a chance to get to screw the business Posted by tonicma on :
What is bid and ask on this right now
Posted by MoneyMoneyMoney on :
.0016 X .0018
2 X .0018 1 X .0019 2 X .002 1 X .003 1 X .007 1 X .01
Posted by BuckyBarnes on :
Pulling back abit....
Posted by tonicma on :
Ok, love this is going to the be next PAIV for sure.
Posted by rocktrader on :
super we have gambling in our blood...you ahve to come back to the market ...MAy be now or sometime in the future..
I tried not to come to the market may times...but can't live a month w/o looking at the streamer.
We belong to powerful clan "MEN" Posted by superman7 on :
PAIM...i am holding the few i have this is acting exactly like PAIV...the weak hands are getting out or the people who bought in real cheap...soon they will be all out and this will motor up exactly like PAIV and we all know what that is doing(going up everyday) i am adding on dips(hard fill)
Posted by rocktrader on :
starting its next leg
Posted by tonicma on :
Ok, let me get this straight, the conversion is already done right. based on what ridethewave said.
The conversion of your 90% holding to debentures is on June 15th right.
So anybody buying later than that will not be considered in the conversion right.
Posted by rocktrader on :
yep...you can buy it in the open market after june15th and sell it now...
Posted by SincereX13 on :
will we be able to convert our preferred shares anytime soon?
Posted by tonicma on :
Good, That is what I thought, just verifying it.
all my buys were after the conversion so I feel good.
Posted by ohio_trader on :
we ain't seen nothing yet......
BTO
Posted by Schwabie on :
THIS STOCK IS RESTRICTED SELL ONLY ACCORDING TO SCHWAB.. I CAN'T PURCHASE ANY...
Posted by brackep on :
can anyone plz tell me what bid ask is right now ?
Posted by SincereX13 on :
... so what about for those who owned share prior to the conversion. I held 1.5 mil shares pre conversion and now have 150000 shares. Can I sell these shares or not?
Posted by rocktrader on :
OOOOOOOOOOOOOOOHALAAAAAAAAAALALAL
prinitng 0.002 now...
SUPER are you ready for huge gap up tomorrow?
Posted by MoneyMoneyMoney on :
.002 X .0022
I bought through Fidelity
Get ready to FLYYYYY!!!
Posted by Schwabie on :
So can anybody buy this stock at all now or is it just schwab wont let me buy it????????
Posted by doling2005 on :
In on dip at .0015 it better gap Posted by superman7 on :
rock i am ready but i am not going to get excited till we see .01 and then i will be excited Posted by tonicma on :
Here come eod run breakout
Posted by megahead34 on :
i only have 250K shares, but im liking what i see.
Posted by brackep on :
can anyone see a 375k buy at 0.0016 from 15:23 till now ?
Posted by doling2005 on :
oh my!
Posted by ohio_trader on :
.0025
it will go way higher !!!!!!!!!!!!!!!!!!
Posted by rocktrader on :
Thin L2's...printed 0.0025
oh boy....
Posted by rocktrader on :
3X0.002/2X0.0025
HAHAHAHAHAHAHAH,,
SHAKERZZZZZZZZZZZZZ is pumping this...who know ***** will join in no time Posted by megahead34 on :
This is insane!
Posted by ohio_trader on :
someone just bought 11 million shares
YES 11 MILLION SHARES !!!!!!!!!!!!!!!
LOOKOUT !!!!!!!!!!!!!!!
Posted by T e x on :
absolute craZiness...lol
Posted by juice on :
um what the heck when do i sell?>.....
Posted by MoneyMoneyMoney on :
lol, well thats the million dollar question! if its like PAIV, why even think about selling now?
Posted by tonicma on :
I have to admit, I know the squeeze will happen but I never thought it owuld happen today.
Damn loving it. first PAIv and FHAL, now PAIM.
Man loving it. I say we go to 10 cent no problem.
Posted by ohio_trader on :
this will go to pennies+, if the majority holds, the MM's are completely screwed !!!!!!!!!!!
Posted by J_U_ICE on :
so how long is the squeeze gonna go... assuming it started today will we get to .01 by tomorrow?
Posted by jdg257 on :
i missed PAIV and FHAL and almost ralphed on my computer, glad im riding this one.
Posted by tonicma on :
juice not 1 cent tomorrow. I say we hit 1 cent next week end
Posted by kittykash on :
so is everyone holding then? Debating the sell question myself Posted by ohio_trader on :
the squeeze will last through July...hold your shares if you can, you will make bank !!!!!!!
Posted by doling2005 on :
dont sell, this is the first day,,, will look cheap tomorrow
Posted by bobcat88 on :
Posted by kittykash on :
ok peoples....thanks for input. For what I invested in this, it's nothing but gains. Especially if news releases are truly true!
Posted by BuckyBarnes on :
quote:Originally posted by kittykash: so is everyone holding then? Debating the sell question myself
Took out 50K shares.....covers the entry costs....letting the rest ride......yaaahhhhhoooooooo!
Posted by ruthie on :
GOOD job Paim today!!
Posted by doling2005 on :
paim and amre! yahooooooo
Posted by kt325ci on :
geez..I took to long to buy shares. In at .0014, .0018, and .002. Sold a few at .0023 at the close and it filled instantly.
Posted by rocktrader on :
Pearl Asian Mining Answers The Commonly Asked Questions of the 90% Buy Back of Its Issued and Outstanding Common Shares Pearl Asian Mining Industries, Inc. answers the commonly asked questions on the 90% Buy Back or approximately 27,000,000,000 of its issued and outstanding common shares using a convertible debenture. Pearl Asian has no intention to hurt the PAIM Shareholders. The buy back is another creative and positive tool in reducing PAIM huge public float, thus benefiting all the shareholders and the success of producing gold by the company. Pearl Asian continues and will ever respect to cherish all of its shareholders, from the smallest to the largest and from the poorest to the richest!
(Q1) If I have 50 Million shares bought at .0001. The company is saying they are taking 45 Million out of my account and giving me an IOU for $45,000 which after 5 years I get to keep but I lose my debenture shares. So after 5 years, I am left with 5 Million shares and 45,000. Anytime before the 5 years is up, I can turn my debenture shares into free trading shares for a cost of .01 cents a share, but I can only do this for 10% of my debenture shares. So if I choose to turn my debenture into free trading shares I am left with 5 Million shares from my original purchase and 4.5 Million shares from the debenture, but it cost me $45,000 to convert them. So I will be left with 9.5 Million shares and out $45,000. The company is in effect paying $45,000 for 45 Million shares, they could buy on the open market right now for $4,500.00. They are paying 10 times what they are worth. What am I missing here? Why would a company do this? (A) Yes, you have it correct. However, the reason to pay with a note instead of cash is that the company doesn't have the cash available to buy that many shares out of the market. If we tried to buy that many shares (27 billion) out of the market it could cost more than $0.001 on average, because as the supply decreases the price will increase. We thought that $0.001 would be fair for several reasons: $0.001 is the par value and since debenture holders will have to wait 5 years there is a discounted value less than $0.001 before maturity. And with the $0.001 price it makes it possible for the debentures to have a market value (should a market emerge on the Yellow Sheets) higher than $0.0001. (Q2) Can you clarify something for me. In my case, of having 50mil shares of PAIM. I know I keep 5mil and 45mil I bought out. If I wanted, I can sell at anytime and get $45,000 cash; If I stay, I’m guaranteed $450,000 in 5 years or less. My thinking is, I would have received that amount anyway if the value hit $0 .01. That’s where I’m lost. What if the value hits $0.02, etc. do we lose out on that opportunity? (A) Sorry for the confusion, but PAIM will only be obligated to pay you $45,000 after 5 years if you do not convert back to common stock at the rate of $0.01. For the $45,000 debenture to become worth $450,000 the stock would have to go to $0 .10 per share. But you would have to first convert your $45,000 debenture to 4,500,000 common shares and sell those shares for $0.10 per share to realize $450,000. In that case your other 5,000,000 shares would be worth $500,000 if you held until they hit $0.10. If the stock goes to $0.01 your 5,000,000 shares will be worth $50,000 and if you cashed in everything at that point you would have $95,000 including converting your debenture to common stock and selling those shares at $0.01. You can not cash in your debenture during the 5 years with our company. But if a market develops for the debentures you may be able to sell the debenture into the market at a discount before maturity, or even a premium if the stock closes above $0.01. (Q3) What will happen to our preferred shares if we do not convert? (A) You can keep the preferred shares as long as you like, and we hope they will increase in value over time. (Q4) I’m new at this investing stuff. I read your May 5th article on Big Charts.com and I’m not sure what this all means I’m real new at all this investing stuff. I bought 1,300,000.00 shares (130.00) in the company and I follow it everyday. I noticed at the bottom of my streamer page that there is an additional 200,000,000.00 shares added to this with no price, can you explain this to me. Do I need to sell this back to the company and if I do will I keep the 200 million shares? (A) It seems strange that you would receive 200,000,000 preferred shares if you only bought 1,300,000 common shares. The preferred shares do not have a symbol yet so there is no market value yet. If you own your common shares on the conversion date 90% of those shares will be converted to a debenture at the rate of $0.001. We gave an example in our press release using 1,000,000 common shares as an example which may help you understand this. We will publish our Q&A page on our web site where we have answered various questions about this subject and we hope this will be helpful as well. (Q5) Hello can you tell me what is naked selling and how does it happen? (A) This happens when Market Makers or Hedge Funds sell shares through the market that they do not own and have not borrowed. On July 3rd, new rules should make it so that shorting in Pink Sheets companies will be published, so we will get a better understanding how much we have been victimized by this plight. (Q6) I was reading your article on May 4 on the buy back of 90% of the float. I see that if you’re an owner on June 1, on the 15th you‘re entitled to the debentures. It wasn’t clear on your article if you must convert your share or you can hold the common. Can you please clear that up for me. I would like to know if I can just own the common stock I own now or must I have debentures? (A) We are currently considering making the conversion automatic, so that we accomplish the goal by reducing the number of common shares outstanding without a reverse split. (Q7) Does today's news of 5/4/06 say that my shares/money is locked up for up to 5 years? Is 10% of it is open for trading? (A) You will have 10% of your shares to trade and possibly as high as, or higher than .001 due to supply and demand factors. In this example, if you bought at .0001 and then after conversion sold at the remaining 10% at .001 you would have your investment back and the debenture would be profit, with none of your initial investment tied up. Furthermore, it is possible that you will be able at some point to sell your debenture for a percentage of face value, and/or convert it to stock at .01 per share. Since PAIM has more than 3,000 shareholders, there is a reasonable expectation that a market will develop over time for PAIM's convertible debentures at a percentage of face value. The market value of the debenture, if any, should increase as the maturity date approaches. Based on other factors such as the market value of the common, and future failures and/or successes of PAIM will all be contributing factors. (Q8) I have 50 mil shares right now. Does it mean 45mil shares are locked up for up to 5 yrs? (A) No, it means that PAIM will owe a debt to you in the amount of $45,000. And you will no longer own those 45,000,000 shares, but only be able to convert back to 4.5 million shares if you elect to convert the debenture to common. (Q9). And I can trade 5 mil now?? (A) Yes, and before the conversion date you can trade your entire position, but the less you own on the record date, the less the amount of the debenture you will receive on the conversion date. But you may have meant, "Can I trade what will be my remaining 5 mil shares after the conversion of my other 45 million shares?". The answer to that question is, "Yes!”. (Q10) How many more shares will be dumped sir? (A) We have no control over shareholders selling their shares on the open market or market makers naked shorting. (Q11) What would happen with our dividends with this news release? (A) The buy back could increase the value of the preferred shares. (Q12) How will the new outstanding shares and float numbers affect the Buyins numbers? (A) What new outstanding? The common outstanding remains approximately 30 billion. The buyins report is not based on the float as far as we understand it. (Q13) Would you please confirm the stock dividend of 1000 for 1 preferred shares to the holders of PAIM.PK as of record date 3-15-06 and pay date 3-31-06 if a holder has 1000 shares of PAIM.PK how many shares of PAIMPR will he receive? (A). If you owned 1,000 common shares of PAIM in your brokerage account at the close of business on March 14th you should have received 1,000,000 preferred shares. (Q14) Regarding the preferred stock, when was the cut off for getting the Preferred Stock, as I had my common stock bought by March 13, 2006 (A) If you bought on the 13th and held till the 15th of March 2006 you are entitled to the dividend. (Q15) I have 900,000 common share of PAIM that I have bought through my account at Scottrade.com. I know that Pearl Asian Mining Industries was doing a preferred stock for people who had common shares. I am confused at what the rate is for the common to preferred is, it seems I have a 1 for 1 rate. I have 900k preferred shares, I bought my common shares 500k on March 6 and 400k on March 13. Please can you inform me of what the correct rate is for shareholders please, that way I can contact Scottrade if there is any issues. (A) Perhaps Scott trade can't put that many digits in their computer. You should have 1000 preferred for every 1 common. (Q16). I’m going to try this again, appeared my first one kicked back. I see that I received the dividend. It has no symbol yet. Any idea when it will be up and running? Is the value starting at .00000001? I think that’s what I got from the news. Will that trade openly just like paim does? (A) The Preferred has no symbol yet. We hope that this month to see it up and running. Yes the par value is .00000001 but we have no idea what the market value will be if any. We can't predict how it will trade. (Q17) The reason I am asking this question again, is that I would like to convert the preferred shares into a stock certificate. How I understand the issuance of the preferred shares is this way: I keep the 500,000 shares issued into my account for 1 year in form of a certificate. Then, after 2 years I get rewarded with another deposit of shares into my account, according to the formula for holding the shares for 2 years. Then, the same occurs, after holding the shares for 3 years and so on until after 5 years? If this is correct, please, let me know. (A) If you owned 500,000 common shares you can keep those in your account and request 500,000,000 preferred shares. The longer you hold the preferred shares the more common shares you will receive if or when you decide to convert the preferred into common. The common shares you own do not effect the preferred you are entitled to. Hope this helps. (Q18) I have been investing in stocks for 8 years and in my opinion there is a lot of confusion about what the float is and what really remains of the restricted shares. It made no sense that we had days of trading of 3 to 5 billion shares, and the price would not move, if there was a 5 billion float. Maybe someone converted 10 billion shares of stock and put it into the float and sold out. If there is a 15 billion float and a major stockholder sold shares, this would explain the huge volume. I recommend that a true picture of the number of shares in the float and the remaining restricted shares be ascertained. The company can easily find out who sold huge share blocks and who are the owners. It seems that 10 billion shares were possibly converted and sold. This would explain why there might be no Naked Shorts and a huge volume with no price change. Buyins should be able to find this out. I own 345 million shares and will increase my position. (A) We are investigating to get to the bottom of the actual float. It seems that many of our large shareholders have deposited shares but there are 2 billion Objecting Beneficial Owners according to ADP so we don't know who they are. I believe the float may be 15 billion or higher but the outstanding remains around 30 billion. (Q19) Doesn’t every company have its own market maker who promotes the stock? If they do what is PAIM's market maker doing to BOOST the PPS ?? (A) MM only represents themselves or retail shareholders but not the company. Sometimes MM become bullish on a company and will help when they can, but they have lots of rules and regulations to follow. (Q20) I am a stockholder from Belgium. I don't really understand what you want to do to increase de stockholders value ; your last PR is in my point of view a reverse merger and in such a case the stock value often decrease. (A) No, this has nothing to do with a reverse merger, and we hope that this action will increase shareholders' value in PAIM. (Q21) Your previous PR about dividends was not correct; they are totally restricted (not possible to sell them this was not mentioned in the related PR. (A) Because there is no symbol yet for the preferred does not mean they are restricted. No market can develop until a symbol is created, which we hope to have in the near future. (Q22) Is there any prospects for the future of this company, you seem, by your web-site to believe in GOD, as I do. I hope some honest insight will be forth coming. (A) We are working day and night to make PAIM a successful and profitable company. Keep the faith, and may God bless you abundantly. (Q23) Why is the stock .0000 ? Is this how that market works sir? (A) Supply and demand determines the price per share but the stock rarely ever trades below .0001. (Q24) WHERE ARE all the shares that are selling coming from?? (A) From all the shareholders and we believe also from naked shorting, but will have to wait until the new rules are effective to learn the amount of shorting. The Company has not sold any shares privately during the heavy volume that has recently occurred, (and has never sold shares publicly at any time). I've done a little research and learned that people believe because PAIM trades OTC unsolicited Pink Sheets, that Market Makers can not buy and sell shares for their own account. However, from what I have learned, that rule only applies when the Market Maker puts his or her call letters on the Pink Sheets. If NITE, one of the market makers, for example, doesn't show their call letters on the Pink Sheets, it is my understanding that they can buy and sell (short) for their own account through verbal and electronic orders. There are hundreds if not thousands of Market Makers that do not show their names on the Pink Sheets for PAIM so in theory any one of those could sell short. Sometimes you see market makers come and go more than once in the same day. There could be two reasons for that. One is that they indicate retail unsolicited orders only while they hold same. Or, decide they want to buy or sell for their own account, so they drop their call letters from Pink Sheets while not indicating the retail orders they are working. There is also the possibility that some of the powerful market makers, for example such as NITE break the rules and pay big fines when they get caught. I remember reading somewhere that they paid huge fines in the past. (Q26) What are PAIM's goals for this year, 2006? (A) (1) Get all the Pearl Asian Gold Claims into production. (2) Report profitability within this year.(3) Register and move into a new listing (4) That all current PAIM Shareholders will be able to sell their shares for a profit, and all PAIM’s employees and its host communities be happy and successful. (5) Make PAIM the leader in the Philippines Mining Industry. (6) Continue to share with the poorest of the poor in the Philippines through donations, job creation and community development. ABOUT THE COMPANY: Pearl Asian Mining Industries, Inc. is a fast growing gold mining company that is in its active exploratory, developmental and pre-production stages with mining interests and claims in the Philippines and Canada.
FORWARD- LOOKING STATEMENTS: Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Posted by tonicma on :
Lets be conservative.
They said that they buyback 90% which is about 27billion
So that means There is 30billion pre debenture (27bil/.9)
Which means we ONLy have 3 billino o/s in the float that is tradeable.
Which means in the past week we traded the entire float.
And today we traded about 50% of the float.
Which of course does not include people who are holding the other half.
Posted by tonicma on :
This shoudl get you an idea that the Short covering is bout to begin
if you look at the dates.
I is EXACTLYU 1month upon request of the shares.
"Pearl Asian Mining Mirrors Paivis Corporation Paivis Corporation (OTC: PAIV) is currently up $.051 to $.215 on another heavy volume day. As mentioned in yesterday's **** post, the stock has surged an unbelievable 15,000% since May 22 on a massive short squeeze. Microcap investors out there are now purchasing shares of Pearl Asian Mining (OTC: PAIM) hand over fist, as its shares surge $.0011, or 183%, to $.0017 on outrageous volume of 1 billion shares. Investors believe that a similar situation in comparison to Paivis is underway. There might be some truth to that because on July 12, Pearl Asian Mining announced that it was close to completing the buyback of approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture (CD). Pearl Asian Mining has transferred to the Depository Trust Company (DTC) notes with a face value of approximately $27,000,000.00 which the DTC received on approximately June 21, 2006. However, PAIM has not received any of the 27,000,000,000 common shares of the buyback. At this point, the shares bought and sold in the market should only equal the remaining 10% of Pearl's issued and outstanding shares. However, the company believes that some of the DTC's participants, i.e. brokers, have failed to notify their clients, which has resulted in many shareholders selling shares short. It looks as if there could be another share imbalance and that brokerage firms are yet again caught in the middle of it all. Let the short covering begin.
"
Posted by tonicma on :
PAIV also, started moving about 1 month after the news of the nss problem occured
Posted by tonicma on :
I love this stock, Man to think 2 stocks of identical situation
SAME symbol except last symbol.
creepy
Posted by tonicma on :
At this rate we will see 1 cent if not more by early next week.
Posted by tonicma on :
See this
MM on paiV don't give list of shareholder. Why casue they don't have the shares
For this MM dont' give the actual shares. Why cause they don't have the shares.
When it comes down to it, this is the nezt short squeeze.
Posted by Chad on :
finally a stock buy paid off! ya! good to see all making money. so ya'll think this will run for another week? Is today the start of the run? can this go over .004 ot even .005? thoughts or comments invited! will the Joker finally get Batman or will he escape, find out tomorrow, same bat time, same bat channel. lol
Posted by jdg257 on :
i have a migraine headache from reading that. i think i understand it though.
Posted by JerZeyDeViL on :
I committed the ultimate sin today and am praying that this one pays off =) I bought into the HUGE run at .0025 cause I was at work and missed all the early excitement. I've been watching this one all week and debated getting in at .0005 and of course I didn't, lol. But I also was gonna get in PAIV at .0010 and didn't and well....we all know how that story goes. Still beating myself up over that one and for damn sure didn't wanna miss this one even if it does half of what PAIV did. Only jumped in here for a few hundred since I missed the big run, but will be happy if I made the right choice.
My question here is...everyone is talking about how similar this one is to PAIV, which I agree with, but even with just 10% of the O/S trading, isn't it still a whole crapload of shares that are trading compared to PAIV? How does that play into this one and where it is headed?
Also....what kind of gap do you think we'll see in the AM?
Posted by SuperSniper00 on :
holy crap...i cant believe this thing has moved off .0001
Maybe my 19 billion preferred shares will be worth something after all.
Posted by megahead34 on :
When can we convert them?
Posted by ohio_trader on :
quote:Originally posted by Chad: finally a stock buy paid off! ya! good to see all making money. so ya'll think this will run for another week? Is today the start of the run? can this go over .004 ot even .005? thoughts or comments invited! will the Joker finally get Batman or will he escape, find out tomorrow, same bat time, same bat channel. lol
------------------------------------------
this not only can go over .004-.005 , but most likely will go WAY OVER....HOLD TIGHT FOLKS, tommorrow and next week will be VERY FUN
pennies+ coming are way, mm's have to fill out positions I believe from PR by the end of this month. Shares must equal 10% of the original outstanding believed to be between 16 and 30 billion shares then ,and 1.6 - 3 billion shares now. The volume today was 50-90% of the outstanding at the 10% conversion......mm's have to raise , raise, raise, raise, raise the price to get shares back...HOLD TIGHT for a week or so and the $$$$$$$ should follow....
GLA
IMO
***do your homework***
Ohio_Trader
Posted by Lionking on :
Hello Friends,
I had 2.5 mil shares, after 90% buyback what I see now on my TD Waterhouse account as following someone could explain me why and what is this suggest?
PEARL ASIAN MINING-CONTRA 2,250,000 $0.00 Settled Quantity: 2,250,000 Pending Quantity: 0 Symbol: N/A Average Cost/Unit: $0.00 Loan Value: N/A
PEARL ASIAN MNG INDS-NEW 250,000 $0.00 $250.00 Settled Quantity: 250,000 Pending Quantity: 0
Symbol: PAIM Average Cost/Unit: N/A Loan Value: N/A PEARL ASIAN MNG INDUS PFD 1,500,000 $0.00 $0.00 $0.00 Settled Quantity: 1,500,000 Pending Quantity: 0 Symbol: N/A Average Cost/Unit: $0.00 Loan Value: N/A
Why I am having contract, new and preffered listing?
When my original purchase was 2.5 Mil why I am showing as 2,250,000 contract, 250,000 as new and 1,500,000 as preferred shares?
I am confused totally!!!!! please explain.
Thank you for your explanation.
Posted by jdg257 on :
you need to call your broker
Posted by Hitman on :
My original 500,000 shares with TD/AMTRD now shows 50,000 shares available to sell/trade now.... However the 450,000 left are showing up is a CD held for me of only 450 shares.... Doesnt make since to me either
Posted by pepsiman on :
Read rocktrader's post on previous page half way down. It basicaly boils down to what ever shares you had prior to June 15 they bought back 90% of it and whats left is the 10% common shares you can trade now.
Posted by Ripler on :
FINALLY my broker notified me of what happened..
i bought 1 million shares in febuary at .0002 and was supposed to receive 1 billion preffered.
However, in my TD account it only says i own 1 million preffered..
soo my broker told me i ACTUALLY have 1 billion preffered shares... im confused why it doesnt just say 1 billion..
as safety, is it possible to get a printed certificate of the 1 billion preferred shares???
Posted by singledadandhappy on :
I got my shares but it still a numbered company and I can't sell or anything wish I could cause I am broke.
Posted by Ripler on :
your account shows all of the 1 to 1000 preferred shares u received??
well you wont be broke if this thing still keeps going up.. its kinda hard to believe
Posted by J_U_ICE on :
Interesting PAIM post from their IR, found on RB.
By: skeeedaddy 20 Jul 2006, 09:48 PM EDT
PAIM >>no selling+ short squeeze+ news= PENNY land
Good day, "Investor".
PAIM does not plan to issue more shares now or in the immediate future. This does not make good business sense, considering that the buyback was done precisely to reduce the outstanding shares, and enhance shareholder value. As regards current O/S, post buyback, we cannot give an exact number until after the buyback is completed, i.e. when DTCC transfers to PAIM all of the 90 % or approx. 27 Billion shares bought back. PAIM shall issue a PR once the buyback is completed, and we will let shareholders and the public know how many O/S are remaining by then.
VP-Bus Dev and IR
Posted by singledadandhappy on :
Thanks Ripler, I really hope you are right something has to give I have been out of work since January and have been cashing everything in all I got left is Paim from your mouth to gods ear...
Posted by J_U_ICE on :
Nearing 2:00 and I must go to bed... but I put in a limit order of .0025 ... is that to low or should I up. The weekend will be good for us all so we can get some sleep. Then Monday will come and we will make momoney. Go PAIM, PAIV, and FHAL (oh and XKEM, I'm sitting on a few shares of that as well hoping for a comeback, I understand friday are pretty good for this one!) Gotta wake up for work at 6:00am to make a few 10's of dollars, hopefull tomarrow wil make a few 100's, 1000's or more! I'm sick of working for money, I want my money to work for me... work for me PAIM
Posted by toad wallstreet on :
Just put my order in for .0026, Ill be on the road today so I wont get to see what happened until about 3:00, I never thought I would ever be buying into paim, but these pennys are crazy! Hopefully I get filled and we all make alot of money!
Posted by Hitman on :
I put my buy order at .0025 however i just noticed scottrade just upped the ask to .0025 so we wont know what the opening ask will b till just b4 the market opens..... lots of times it goes up a couple of seconds b4 opening ... that really makes for a really tough decision as2 what price to buy at... will have to do the best we can.... so ur guess is as good as mine Posted by ClayN on :
My buy in is set for .0025 as well
Posted by juice on :
i originally bought at .0007 and sold at .00011, then bought a mill at .0009. anyway you people really seem to think this is going way higher, and from what i see i am slapping myself in the face (like i usually do cause i sell way to early lol), but im thinking of going in for another mill more to flip. are we talking about another 100%+ day today?? .005, any takers?
Posted by kindo on :
Juice.... Don't slap yourself for selling. You have to take a profit when you can. Hopefully this will do like PAIV did or something close to it. It has the makings to be the same. Just be careful! Good Luck to all!
Posted by kindo on :
PAIM may run real hard today so everyone hold on to your a#*$^%!
Posted by Hitman on :
How is it that trades begin on this penny stock b4 the market opens
Posted by bobcat88 on :
MM swapping shares back and forth
Posted by bobcat88 on :
On your marks........Get set..........GO!!!!!!!!
Posted by bobcat88 on :
110 mil in less than 2 min.............OMG
Posted by bobcat88 on :
Where are you all? Sitting on your hands trying not to sell?
Posted by megahead34 on :
I just convereted half my preferred shares to common. Hopefully ST will do it.
Posted by NEL on :
How do you convert your preferred shares to common shares?
Posted by megahead34 on :
I called ST and told him to do it. I think he understood, lets see what happens.
Posted by megahead34 on :
Wow, this may recover all my losses this year from GZFX and USXP!!
Posted by SincereX13 on :
mega let us know how it goes, i'd love to convert my preferred if I could
Posted by ruthie on :
What a great jump this morning!!!
Posted by dollar13 on :
this looks good i am waiting on a dip to get in...
Posted by ClayN on :
come on .005
Posted by bobcat88 on :
You're gonna have to pay .01 for every share that you converted.
Posted by megahead34 on :
What do you mean? Coversion is 10,000 to 1, right?
Posted by juice on :
o baby o baby
Posted by tonicma on :
SQUEEZE
Posted by Raytrader on :
where are the bashers now???????
Posted by megahead34 on :
bashers are trying to get into this action.
Posted by stocks1984 on :
pennyland might be today?
Posted by bobcat88 on :
(Q2) Can you clarify something for me. In my case, of having 50mil shares of PAIM. I know I keep 5mil and 45mil I bought out. If I wanted, I can sell at anytime and get $45,000 cash; If I stay, I’m guaranteed $450,000 in 5 years or less. My thinking is, I would have received that amount anyway if the value hit $0 .01. That’s where I’m lost. What if the value hits $0.02, etc. do we lose out on that opportunity? (A) Sorry for the confusion, but PAIM will only be obligated to pay you $45,000 after 5 years if you do not convert back to common stock at the rate of $0.01. For the $45,000 debenture to become worth $450,000 the stock would have to go to $0 .10 per share. But you would have to first convert your $45,000 debenture to 4,500,000 common shares and sell those shares for $0.10 per share to realize $450,000. In that case your other 5,000,000 shares would be worth $500,000 if you held until they hit $0.10. If the stock goes to $0.01 your 5,000,000 shares will be worth $50,000 and if you cashed in everything at that point you would have $95,000 including converting your debenture to common stock and selling those shares at $0.01. You can not cash in your debenture during the 5 years with our company. But if a market develops for the debentures you may be able to sell the debenture into the market at a discount before maturity, or even a premium if the stock closes above $0.01.
Posted by tonicma on :
SHAKe now
Posted by megahead34 on :
I'm talking about the preferred shares from a long time ago. *PAIMPR
Posted by stocks1984 on :
prediction today tonicma?
Posted by SincereX13 on :
quote:Originally posted by bobcat88: (Q2) Can you clarify something for me. In my case, of having 50mil shares of PAIM. I know I keep 5mil and 45mil I bought out. If I wanted, I can sell at anytime and get $45,000 cash; If I stay, I’m guaranteed $450,000 in 5 years or less. My thinking is, I would have received that amount anyway if the value hit $0 .01. That’s where I’m lost. What if the value hits $0.02, etc. do we lose out on that opportunity? (A) Sorry for the confusion, but PAIM will only be obligated to pay you $45,000 after 5 years if you do not convert back to common stock at the rate of $0.01. For the $45,000 debenture to become worth $450,000 the stock would have to go to $0 .10 per share. But you would have to first convert your $45,000 debenture to 4,500,000 common shares and sell those shares for $0.10 per share to realize $450,000. In that case your other 5,000,000 shares would be worth $500,000 if you held until they hit $0.10. If the stock goes to $0.01 your 5,000,000 shares will be worth $50,000 and if you cashed in everything at that point you would have $95,000 including converting your debenture to common stock and selling those shares at $0.01. You can not cash in your debenture during the 5 years with our company. But if a market develops for the debentures you may be able to sell the debenture into the market at a discount before maturity, or even a premium if the stock closes above $0.01.
this applies to the debenture not the preferred correct?
Posted by juice on :
ok got in at .0035 on this ridickulous dip
Posted by kermit42 on :
In at .0028, feeling pretty good so far. I'm determined to take out half at .006, but unless there are two or three shakes along the way to keep me nervous, it'll be tough.
Posted by bobcat88 on :
OOOOOOOOhhhhhhhh, you mean the billions of shares! yeah those are looking pretty good right now. Sorry for the confusion. Let us know how that works.
Posted by MoneyMoneyMoney on :
This is like making 10mill! From July 19th PR
"By refining our own gold, silver and platinum, Pearl Asian will have saved over $10,000,000.00 in our first year of production, and Pearl Asian has already begun offering this smelting and refining service to other local and small-scale miners, thus generating extra revenues immediately," exclaimed Randolf Villaneuva, President/CEO.
Posted by rimasco on :
Looks like its starting to get thinnnner Posted by tonicma on :
I say 1 cent basedon momentum But will go higher into penny land.
Still say simialr to PAIV
Posted by Hannibull on :
WOW wasn't this 0.0001 a month or so ago? haven't looked at it for a while, very nice! congrats to all that held
Posted by tonicma on :
Yeapk and I hold 300million shares of this stock.
Same as paiv.
Posted by Batman on :
This can't go up forever
Posted by stocktrader22 on :
Sure it can...it's the next PAIV..don't you see the similarities Posted by tonicma on :
Batman, that is what peole said in PAIV look at it now.
100bagger from this point.
Posted by stocks1984 on :
looks like once we break .005, off to the races!
Posted by Batman on :
quote:Originally posted by tonicma: Batman, that is what peole said in PAIV look at it now.
100bagger from this point.
It's in the red.
Posted by stockholder11 on :
Same PR group that were on PAIV are working on PAIM now , just so you know Posted by tonicma on :
Ready for next leg ujp. 0.006 going to some very fast.
Posted by Batman on :
If this does what PAIV did, that would be awesome
Posted by bobcat88 on :
That's why you should have bought back in Feb/March, some of us arent daytraders.
Posted by Batman on :
How did you see this comming
Posted by yayplaya on :
i was going nuts tryin to buy this , this morning, everytime i'd put alimit order in and then i'd check the stock it was already past my limit..finally got in at .0035. lets get the bid up to 55 and the ask to 6 already!
Posted by tonicma on :
Batman, this stock war posted the day when JPHC gave its first divi a long time ago, it dropped from 1 cent to 0.0001 in one day.
But I didnt' buy than, I waited until this month to buy after I heard about people selling more than they have.
Paiv style.
Posted by tonicma on :
Shake #2
Posted by Batman on :
How can you sell more than you have?
Posted by juice on :
heres our dip,,, now im ready for the next leg up past .006
Posted by yayplaya on :
realistically, where do you see this stock headed? think we might see a couple of cents in the near future?
Posted by tonicma on :
Batman, exactly what happened with PAIV,
Simialr senario.
Posted by stockholder11 on :
Its going to 0.01 in my opinion
Posted by 6digits on :
Has any one tried to sell the dividend shares or have tried?
Posted by MoneyMoneyMoney on :
Tonicma, check out SMMW. Could that be the next SQUEEZE? They hired Donnoli or whatever it is just like PAIM to be transfer and squeeze the heck out of em.
Posted by stocktrader22 on :
THIS IS THE NEXT PAIV....HOLD ON BOYS!
Posted by tonicma on :
I say 1 cent today, but could go higher.
Stock is shorted and people rom paiv jumping in.
and peole form paiv have ALOT of money.
Posted by Batman on :
quote:Originally posted by tonicma: I say 1 cent today, but could go higher.
Stock is shorted and people rom paiv jumping in.
and peole form paiv have ALOT of money.
You're right. That's probably why PAIV is down, Traders are putting their profits in PAIM.
Posted by doling2005 on :
I say .01 on the Monday morning gap up Posted by stocks1984 on :
dont you just love blackberry's. I just got mine couple days ago and set it up for real time streamer . sorry off topic
Posted by Batman on :
quote:Originally posted by stocks1984: dont you just love blackberry's. I just got mine couple days ago and set it up for real time streamer . sorry off topic
Does it have L2's
Posted by stockholder11 on :
PAIM offering dividend of a spinoff company , news comes out today weeeeeeeeeeeeeee
Posted by tonicma on :
Shake 3
Posted by rimasco on :
we break through that 0055 wall today and...... Posted by stocktrader22 on :
Guys...any opinions on SMMW retaining the PAIV and PAIM transfer agent to help with shorting? Got in some for the heck of it.
Posted by stocks1984 on :
quote:Originally posted by Batman:
quote:Originally posted by stocks1984: dont you just love blackberry's. I just got mine couple days ago and set it up for real time streamer . sorry off topic
Does it have L2's
yep! you have too sign an account with quotestream (add the .com) its $25 a month for Real time streamer, T&S, news, and charts. The level 2 is extra, dont know off the top of my head how much extra
Posted by dbrownRC on :
last leg of triple bottom here...higher lows on diminishing volume...we should see another run here soon
Posted by doling2005 on :
.004 will look cheap by Monday..
Posted by yayplaya on :
everytime the bid is .005 and ask is .0055 we hit the wall and it comes back to .004...mm's holdin it back ? i got TDA and it doesnt show l2's for OTC, only OTCBB is available..anyone know of a L2 that shows OTC as well?
Posted by usasail on :
tonicma - U rock bud! Might I give a little advice....take profit then play in the big league. That's what I should've done.
quote:Originally posted by tonicma: Yeapk and I hold 300million shares of this stock.
Same as paiv.
Posted by brackep on :
tonicma,
what do you think about SMMW ?
Posted by stockholder11 on :
SMMW another stock to get your money stuck in , dont bother , put it all in paim , look at the dollar volume on PAIM and look at smmw
Posted by stockholder11 on :
i keep adding 1 million of PAIM every 20 minutes , i know its going to 0.01 , i held paiv from 0.0010 , and i kept adding along the way to 0.01 , and i made around 400 k on paiv
Posted by Raytrader on :
Ive been working PAIM for 6 months now...this is good!
Posted by 6digits on :
Tonmica, good buddy it looks like you are a millionaire now.
Posted by Batman on :
quote:Originally posted by stocks1984:
quote:Originally posted by Batman:
quote:Originally posted by stocks1984: dont you just love blackberry's. I just got mine couple days ago and set it up for real time streamer . sorry off topic
Does it have L2's
yep! you have too sign an account with quotestream (add the .com) its $25 a month for Real time streamer, T&S, news, and charts. The level 2 is extra, dont know off the top of my head how much extra
That's awesome, you can leave the house and still keep track of your stocks.
Posted by yayplaya on :
tonic, 300mil shares of PAIM? did you get in at .0001? with what you are makin on PAIV and PAIM....you must be sittin at a beach in bali or tahiti right? pullin on stocks on your laptop while drinking a nice cold one...
Posted by stockholder11 on :
PAIM going to 0.01 who agrees?
Posted by stocks1984 on :
batman, yeah its awesome, plus Im able to trade by logging into my scottrade account. The blackberry 8700c is the one you want for this capability. Granted there are other phones out there that are capabitable with quotestream software, but this verison blackberry has intel
Posted by yayplaya on :
type of money you cats are makin on these stocks is mindblowin, i thought i was doing real good makin 5 to 10k on a trade...nowhere near 400k + (but thats my next step)
Posted by juice on :
yep .01 np
Posted by stockholder11 on :
.01 u see all ?*?*
Posted by Raytrader on :
yeah I got in at .0001
Posted by yayplaya on :
bid .0044 ask .0045
lets see that ask go to .0055 already!
Posted by kindo on :
I think we hit .01 by the end of today!
Posted by yayplaya on :
dang, almost a billion shares traded already for the day..didnt we end yesterday at about 1.5billion?
Posted by juice on :
comin up on a bill shares and its 10:42 lol wow
Posted by Batman on :
quote:Originally posted by stocks1984: batman, yeah its awesome, plus Im able to trade by logging into my scottrade account. The blackberry 8700c is the one you want for this capability. Granted there are other phones out there that are capabitable with quotestream software, but this verison blackberry has intel
Looks Good
Posted by rimasco on :
I think we're gonna go take a stab at 0055
Posted by stocks1984 on :
yep thats it, talk about accessing any html web page. Cant really do that with ordinary phones. trust me you;ll love it, just for the fact that you can set real time streamer
Posted by Robbie English on :
Keep level heads guys... sell for profits. Today is Friday and you know others will be selling off for the weekend. Do not get stuck holding the bag.
Posted by stockholder11 on :
I remember robbie is a basher Posted by MoneyMoneyMoney on :
this is a SQUEEZE!
Posted by kt325ci on :
man..this has been a fun ride so far.
Posted by yayplaya on :
he sounds like a hater...believe me, we'll be sellin for profits alright, profits that people are giving up that sell today...
Posted by yayplaya on :
volume slowed down no trades in a couple min...or is my connection jacked??
Posted by Batman on :
Guess what PAIM flippers...You will be OWNED!!!
Posted by yayplaya on :
man, bid and ask are just dropppin!
Posted by juice on :
man MM's want some cheap shares dont give em up you'll be sorry!!!
Posted by rimasco on :
DEATH ROLL???
Posted by stockholder11 on :
yes they are , which is a good opportunity to add let the profit takers take their profits
Posted by juice on :
great ride i love this up and down stuff lol
Posted by brackep on :
gonna sell some and get more PAIV I think ...
Posted by rocktrader on :
Guys don't sell
PAIM is going to 0.01 next week...
Expecting huge news on thier mines...
Good news +short squeeze = EXXXXXXXPLOSION
Posted by Robbie English on :
quote:Originally posted by stockholder11: I remember robbie is a basher
I bash not young man. I just take profits.
See, since the last post it dropped off almost 50%
Posted by Ripler on :
i got guts..since i was little but since im new to all these OTCs i want to make some money.. i got in at .0002 and im still holding..
id love to hold and make more but maybe its time
Posted by rimasco on :
quote:Originally posted by juice: great ride i love this up and down stuff lol
I DONT! well between the sheets i do Posted by Batman on :
quote:Originally posted by Robbie English:
quote:Originally posted by stockholder11: I remember robbie is a basher
I bash not young man. I just take profits.
See, since the last post it dropped off almost 50%
Profit takers will be owned!!!
Posted by yayplaya on :
1billion shares in 1.5 hours
Posted by Pinks=$$ on :
Good Gravy...PAIM has traded over 1,000,000,000 (yes, thats 1 billion) shares in 90 minutes...wish FGFC could do that, then they could buy back 10% of the daily volume (100,000,000 shares), and we would be done with the buyback in just one day!, then FGFC would skyrocket...PAIM is averaging over 11 million shares per minute...right now we can't even get FGFC to do 11 million in a day GEEZ!
Posted by Robbie English on :
quote:Originally posted by Ripler: i got guts..since i was little but since im new to all these OTCs i want to make some money.. i got in at .0002 and im still holding..
id love to hold and make more but maybe its time
Cover your initial investment plus about 20% and keep the rest of your shares. That way you made money and then you are on a free ride.
Posted by Igor R on :
so whens the next leg up this badboy is having? After lunch?
Posted by Chad on :
just for ****z and giglz, if we do the whole PAIV to PAIM comparison and we use say .005 price as PAIV's start of it run and say PAIM's price at .0005, then given that PAIV went to over .30 as a high, PAIM would need to get to over .03 to match it. However, I dont think PAIM's run will be as strong, but I can see .02 since being reached. opinions on this??
Posted by doling2005 on :
Had an order in at .003 forever to add to my position...no luck so far...
Posted by Ripler on :
quote:Originally posted by Robbie English:
quote:Originally posted by Ripler: i got guts..since i was little but since im new to all these OTCs i want to make some money.. i got in at .0002 and im still holding..
id love to hold and make more but maybe its time
Cover your initial investment plus about 20% and keep the rest of your shares. That way you made money and then you are on a free ride.
yep im seriously going to thnk it over today..
Posted by stockholder11 on :
Go ahead robbie , i remember when u bashed paiv when i kept talkin about it at 0.0010 and u took ur profits and said its done , i held strong and long to 0.19 , so f u
Posted by Chad on :
also, opinions on close today? its friday, so profit takers, but Im going for its high today at .0055 will be happy to see .0045 though. Monday should be hopin.
Posted by stockholder11 on :
quote:Originally posted by Chad: just for ****z and giglz, if we do the whole PAIV to PAIM comparison and we use say .005 price as PAIV's start of it run and say PAIM's price at .0005, then given that PAIV went to over .30 as a high, PAIM would need to get to over .03 to match it. However, I dont think PAIM's run will be as strong, but I can see .02 since being reached. opinions on this??
Maybe not
Posted by njs300zx on :
maybe a good entry point right now
Posted by rimasco on :
Maybe Tonicma just dumped his 300mill???
Posted by skip on :
jumped in for a little, squeeze 'em...
Posted by superman7 on :
PAIM..let the weak get out samething as PAIV once all the weak are out we are going to fly just like PAIV...this one is shorted heavily and will run
Posted by Chad on :
ya, wish I woulda waited for this big dip and bought in the low 3's!!!
Posted by stockholder11 on :
Filling gapppppp today Posted by juice on :
woah .003 heck, sell sell ill buy for our push back up
Posted by tonicma on :
shake it baby shake it.
Posted by Igor R on :
quote:Originally posted by Chad: ya, wish I woulda waited for this big dip and bought in the low 3's!!!
You and me both, wouldve been an extra 500k shares .
Posted by superman7 on :
i am also trying to buy more
Posted by tonicma on :
Good shake.
Posted by yayplaya on :
its creepin up...slowly but surely...best way to have it...
Posted by Chad on :
ya IGOR, Im an idiot. I almost woke up and sold all shares at .005, then changed mind and sold most my other crap and bought in at .0048. oh well, Im no fortune teller. lol Im fairly confident it'll come close to .01 sometimes next week, so it'll at least be a 100% gain......I HOPE. Posted by Ripler on :
1000% for me Posted by Chad on :
Rip, ur a crazy man, u go man! lol
Posted by Ripler on :
cross your fingers
Posted by stockholder11 on :
Filling the 32 DMA gap here , and then will bounce off.
Posted by The Phat Man on :
quote:Originally posted by stockholder11: Filling the 32 DMA gap here , and then will bounce off.
stock what's the DMA gap?
Posted by Aquahelix on :
Where is the DMA gap?
Posted by skip on :
major buys still going on, just watched a $35,000 buy go through...
Posted by yayplaya on :
dang, ask is .0032 and someone bought 9million shares at .0033 and another buy for 1.5million at .0033
Posted by megahead34 on :
Man, i had a meeting for an hour and boom, major shake. Hopefully it will pick up after lunch.
Posted by The Phat Man on :
currently without level 2s... what that massive block of trades in the past minute buys or sells or equal?
Posted by Chad on :
uuugg, im going to puke. I knew I should sold at .005. coulda bought a ton at under .003! no choice but to kick back and let er ride for a few days. Man what a buying price its at! dang, wish I had more money! lol
Posted by skip on :
looks like both on my l2, it's all over the place, green/red to red/green...although, it is hard to tell because I have seen some buys that I have personally made go through on the l2 and appear as a sell...
right now it's a big shake so mm's can get cheap shares, they are playing this perfectly... take it up, increase interest and get people to buy, then shake it way down, get them to sell...rinse and repeat...
Posted by megahead34 on :
So recommendation by people here: keep your shares, MMS playing this, but it will keep going up. Am i Correct?
Posted by juice on :
woah what hpappend here?? thats some biiiig shake
Posted by juice on :
woah what hpappend here?? thats some biiiig shake
Posted by vinnie1 on :
what the hell is going on
Posted by megahead34 on :
MMs shaking and lunch lull. This is typical with hot stocks. I think this will have a big EOD like yesterday.
Posted by juice on :
l2's showing exact same spread as when we opened wow... OK PAIM you can stop f'n around now
Posted by kindo on :
This will have an afternoon run.
Posted by vinnie1 on :
what the fuc is up.
Posted by bobcat88 on :
quote:Originally posted by juice: l2's showing exact same spread as when we opened wow... OK PAIM you can stop f'n around now
Yeah stop f'n around I liked it more when I was up 4700%, not this lousy 2350%!
Posted by brackep on :
sold all PAIM bought more PAIV it is soaring again
Posted by Ripler on :
hahaha
and paiv is already high enough
Posted by Igor R on :
Was paim acting like this yesterday? Lull around lunch and a shake, then eod run?
Posted by skip on :
I think this will run up again today, and next week likely...JMO
Posted by megahead34 on :
PAIM had a big EOD run yesterday. It was average throughout the day, then boom.
Posted by brackep on :
quote:Originally posted by Ripler: hahaha
and paiv is already high enough
share covering still continues and is way not over yet ... 1200000 buy just went thru
Posted by juice on :
it was up all day then picked up yesterday afternoon hardcore
Posted by Jo4321 on :
paiv was down to .09 today & now heading back up (curently .14)
Posted by stockholder11 on :
added 5 million paim at 0.0028
Posted by Raytrader on :
perhaps it not a "shake" at all?
Posted by vinnie1 on :
then what the fuc is it
Posted by Igor R on :
Hopefully something that gets fixed rather quick, cause this is really hurting all the profits ive gotten from fhal .
Posted by vinnie1 on :
wheres the run
Posted by Aquahelix on :
quote:Originally posted by Igor R: Hopefully something that gets fixed rather quick, cause this is really hurting all the profits ive gotten from fhal .
What price did you get in?
Posted by juice on :
1.5 B mark and no budging on the ask, been at .0028 for a long long time
Posted by Raytrader on :
I think paim made more money from us today than they would digging gold...jmo
Posted by megahead34 on :
Anyone see changes on the ST account with the debenture shares "None"?
Posted by yayplaya on :
this sucks..ping pong between .0025 and .0028
Posted by Igor R on :
quote:Originally posted by Aquahelix:
quote:Originally posted by Igor R: Hopefully something that gets fixed rather quick, cause this is really hurting all the profits ive gotten from fhal .
What price did you get in?
I dont want to say lol . I got in originally at .24, then noticed the quick rise this morning and made a panic buy, and avged to .0048 .
Posted by Wit on :
My 900,000 restricted shares on Scottrade with no value or symbol, suddenly turned into '900' shares today,...still with no symbol or value posted next to it but would love to know where the hell the other shares went.
Maybe they dumped it back?? Who can tell with them..they must have went somewhere.
Posted by rocktrader on :
Lots of accumulation guys...
Good base..LEt's GOOOOOOOOOOOOOOOOOOOOOOOOO for new HOD
Posted by skip on :
NITE just moved up on the ask, tons of buys just went through at .0028
Posted by megahead34 on :
Yea, mine was 1980000, now its 1980. Can anyone explain what happened? ST said something about them going to bonds.
Posted by rocktrader on :
0.003's are back...
hang on for the wild ride
Posted by stockholder11 on :
AMERTIRADE RESTRICTED BUYING ON PAIM JUST NOW
Posted by vinnie1 on :
in at .003 1m this ***** needs to move
Posted by yayplaya on :
really? i have ameritrade and i bought this morning..wonder why they would have done that? and what time..
Posted by megahead34 on :
woo hoo! lunch lull over!
Posted by yayplaya on :
finally its doin somthing....jeez, i knew i shouldve liquidated my other stocks and bought $hitload at .0025 while it was sitting at the bid for half hour...
Posted by yayplaya on :
dang, paiv is climbing back strong from its dip to .09, back to almost .15
Posted by The Phat Man on :
quote:Originally posted by stockholder11: AMERTIRADE RESTRICTED BUYING ON PAIM JUST NOW
did you get a reason why yet?
Posted by Chad on :
IGOR, i did same thing. lol I called broker and said sell (was at .005), then said, no...buy at .0045. But even though its sucks to see it at this price(knowing a coulda flipped for big profit),I think as many others do, this will go up most of next week, some say .01, some .02, Ive even seen up to .05.
I'll try to not be greedy and start slow and hope for a penny 1st! Posted by megahead34 on :
I think this will hit .006 by EOD. 1 cent monday morning. Look at PAIV in the last week:
7/13 - .005 7/21 - .134
If PAIM is in the same boat as PAIV, we may hit 13 cents by end of next week. We are talking about serious $$ here....buying now is the smartest thing to do.
Posted by dbrownRC on :
if we see .0035 here we should confirm run
Posted by skip on :
bid is building, ask is getting hit hard...mm's moving up on the ask...
Posted by stockholder11 on :
BIg news coming on paim and paiv went on no news , this has more potenails
Posted by megahead34 on :
What news are you talking abotu stockholder11?
Posted by Chad on :
Sure some took profits on friday. How ya'll think Monday is shaping up? will this hit a penny next week, predictions?
Posted by doling2005 on :
What news is everyone expecting and when?
Posted by doling2005 on :
anybody have a link for the Allstocks level 2??
Posted by Ripler on :
first time I hear of news
Posted by megahead34 on :
Its almost back to .0035. I sense it, .006 EOD...JMO
Posted by dbrownRC on :
today's move was great -- look what it did when it pulled back from .0012 and bounced! If this short squeeze thing is right, I'm betting $0.01 before end of next week.
any idea what the news might be about? anyone call the company or email them?
Posted by vinnie1 on :
this mother needs to go .005
Posted by Ripler on :
I think shareholders are just 'predicting' news...since the equipment is on route to the site the next news is probably that it has arrived and work has begun.
JMO
Posted by ohio_trader on :
just back from the golf course..oh what day it's been, back up we go, and next week..LOOKOUT!!!!!!!!!!!!!!!!!!!!!!!
Posted by megahead34 on :
Yea, they need to understand that this isn't going up because of any of the news the put out.
Posted by vinnie1 on :
needs to blow now.
Posted by yayplaya on :
what good is delayed l2's? it shows pretty much everything we have already seen 20 min ago...im looking to see if anyone offers realtime l2's for otc and pink stocks...TDA l2'sonly shows OTCBB and listed stocks
Posted by skip on :
I have choicetrade. $5 flat fee trades, and I get real-time l2's for pinks and otcbb for about $43/month...
Posted by vinnie1 on :
little shake here
Posted by stockholder11 on :
The news will come monday Posted by Ripler on :
quote:Originally posted by skip: I have choicetrade. $5 flat fee trades, and I get real-time l2's for pinks and otcbb for about $43/month...
how is that??
im tired of using my td account - $29 trades
Posted by yayplaya on :
$43 month just for the l2's? i pay 9.99 for realtime l2's (just doesnt show pinks though)...wonder if its worth the extra $33/month for access to the OTC's? just might have to open a choicetrade acct to see what they offer.
Posted by doling2005 on :
Thank you..that is what I was trying to find...
Posted by yayplaya on :
29 a trade?? i have TDA too and its only 9.99 a trade..
Posted by yayplaya on :
people are buyin like crazy on the ask and instead of movin up it stays the same or goes down.....
Posted by Ripler on :
Im in Canada.
Should look into choicetrade.. hopefully they have a canadian base
Posted by Igor R on :
Etrade has free level 2s on otc and pinks as long as youre a power etrade customer, which just means you need to make atleast 30 trades a quarter, 10 a month, thats not really much at all.
Posted by J_U_ICE on :
this thing needs to bust out soon
Posted by stockholder11 on :
The news regarding the buyback , and the revenues from the mining , i heard
Posted by Ripler on :
there is no revenue yet..they didnt start mining!
Posted by bobcat88 on :
They dont have to mine, they just use a wheel barrel and walk along and pick up the gold nuggets. The machinery is just to turn it into gold bullions.
Posted by Ripler on :
you really think its that simple? maybe if i go and dig in my backyard i'll find some gold too
Posted by ohio_trader on :
quote:Originally posted by Ripler: there is no revenue yet..they didnt start mining!
------------------------
there's revenue in my stock account from PAIM and thats all that matters !!!!!!!!!!!!!!!!!!!
Posted by dbrownRC on :
if this .004 wall is taken down we will more than likely see hod and probably gap monday... good luck
Posted by bobcat88 on :
The text doesnt translate all the sarcasm in my statement.
Posted by ohio_trader on :
.0040 now, lets move on up !!!
Posted by yayplaya on :
thanks dbrown....i noticed the pinksheets link that you posted does have the l2's for PAIM but not alot of other pinks i normally follow..do you know what determines which are shown and which ones are not?
Posted by vinnie1 on :
how big is the wall
Posted by yayplaya on :
cant believe the bid is not budging
Posted by stockholder11 on :
PAIM break 0.0040 and were off
Posted by yayplaya on :
bid .0035x1 .003 x2
ask .004x4 .0041x2 .0045x1
Posted by dbrownRC on :
nope...the only reason i knew to look there was because someone posted a screen shot from that site
Posted by yayplaya on :
dang idiots, lowered ask as if there werent people hitting the .004 ask the whole time..
Posted by Rex A Million on :
quote:Originally posted by yayplaya: what good is delayed l2's? it shows pretty much everything we have already seen 20 min ago...im looking to see if anyone offers realtime l2's for otc and pink stocks...TDA l2'sonly shows OTCBB and listed stocks
yayplaya - I was posting the delayed l2 for a reference point so people following the thread could see what they looked like at that point in time. had i posted real-time l2 the image would still be static not giving any more value than the posting of delayed l2. not everyone knows where to find free l2 services much less willing to pay for the service. so the answer to your question of the value -- a visual aid / a reference point.
not to mention having someone claiming the l2s are something that they are not. for example .0036x.0039 6x1.
glta -- go paim go!
Posted by vinnie1 on :
lets go with the eod run
Posted by stockholder11 on :
When will the preffered shares be converted?
Posted by yayplaya on :
i definitly appreciate your post and i wasnt tryin to sound negative with my post..you are correct, unless you have the L2's yourself, it doesnt help much when someone else posts the l2's or by lookin at delayed l2's..i've noticed that can cause a person to make a decision based on old news and result in losing money because everyone knows how fast the market moves and a min of time can make a world of difference in a stocks price...i just wanted to know if and where realtime pink l2's were available.
Posted by vinnie1 on :
shake and run this babys on fire
Posted by yayplaya on :
i wish i hadnt rushed to buy the stock early morning cause i got in at .0035 and if i had waited till .0025 it wouldve been alot nicer right now..oh well...im still in the green...always better than being red
Posted by vinnie1 on :
lot of big buys coming in.
Posted by stockholder11 on :
This is strong
Posted by triovestor on :
Td-ameritrade has cheated some by shorting their accounts regarding PAIM shares sold . If you found a short possition in your account from paim common shares sold after june 15 then you have been robbed by Td-ameritrade . You need to call the S.E.C. at once . United states securuties & excahange commission ---> 1 888 732-0330 . It seems Td-ameritrade broke the rules by allowing some trades to go through after june 15 causing some of you to be put in a short possition and forcing you to cover . THIS WAS TD-AMERTRADES mistake and they are liable for it .NOT YOU ! If you called Td-ameritrade on this and they did not correct this then call S.E.C. right now --> 1 888 732-0330 . PAIM has even put out a press release on July 12th explaining this . Td-ameritrade " drop the ball" by not placing the full restriction on trading paim shares . Their mistake and they will pay for it ....But you need to file complain with S.E.C.
[ July 21, 2006, 15:39: Message edited by: triovestor ]
Posted by J_U_ICE on :
PAIM ALERT E-MAIL JUST RECEIVED FROM THESTOCKALARM.COM Attention: Core Members
Now Time For PAIM
Short position cover starting next week...exciting possibilitys.
Is that good short position covering , does that increase the pps ?
Posted by yayplaya on :
damn eod run couldnt get into .004's...hope it doesnt drop below .003 before the bell rings...
Posted by Rex A Million on :
yayplaya cool and thanks for the msg back.
paim moving back nicely with the on balance vol, aroon oscillator, and chiosc indicators very strong! close of .004 would be very good. and if those shorts are banking on people selling off for the weekend, they got another thing coming -- imho.
This is starting to be recommended by various stock groups.. if a group play jumps on this we will be at 1 cent monday
Posted by kindo on :
Juice...That is dated July12, 2006. You just got that??????????????
Posted by doling2005 on :
paiv is starting to fly... we will follow
Posted by vinnie1 on :
going to bust wide open monday
Posted by stockholder11 on :
JUICE CAN U EXPLAIN ?!
Posted by doling2005 on :
daytraders going out gap buyers coming in
Posted by kindo on :
We're going down Captain!!!!!!!!!!!!
Posted by megahead34 on :
come on, lets go back up to .004
Posted by triovestor on :
Don't forget ..Td-ameritrade has wrongfully shorted some of your accounts . Some people sold paim just after june 15 th and were put in a short possition and forced to buy back shares . The stock was restricted to sell by order of paim so they could do the debenture .Td-ameritrade made the mistake and has tried to hide it and push the financial burden of buying back the shares on the client . You must call s.e.c.
Posted by yayplaya on :
damn, just as i was thinkin...looks like we may end under .003...sure hope not though.
Posted by megahead34 on :
here we go, EOD i was talking bout.
Posted by bowlegtroy on :
Ummm, I think you are talking about PAIV, not PAIM!
quote:Originally posted by triovestor: Don't forget ..Td-ameritrade has wrongfully shorted some of your accounts . Some people sold paim just after june 15 th and were put in a short possition and forced to buy back shares . The stock was restricted to sell by order of paim so they could do the debenture .Td-ameritrade made the mistake and has tried to hide it and push the financial burden of buying back the shares on the client . You must call s.e.c.
Posted by vinnie1 on :
just a shake down
Posted by yayplaya on :
come on, lets hit that ask price already!!
Posted by bobcat88 on :
Those with Scottrade check out your gainskeeper, they have the 90% listed there showing the market value - Holy Crap!
Posted by stockholder11 on :
CMON
Posted by triovestor on :
I'm talking about PAIM ! Pearl asia mining . Td-ameritrade has caused some to have shorted their paim shares when they actually did not . A number of you had to cover a short possition on paim that was wrongfully caused by Td-ameritrade .
Posted by yayplaya on :
How did TDA cause people to short their PAIM stock? how wouldve that happened?
Posted by Hitman on :
For a short period of time the restricted shares showed up as saleable at TD/AMTD so some people sold them and were not supposed to b able to sell them.... TD/AMTD's falt
Posted by Ripler on :
is it possible to get my preferred shares in the form of a certificate?
Posted by triovestor on :
Td-ameritrade caused it . They did not properly put a restriction on trading paim common shares on june 15th . They srambled to correct this but several orders still went though causing some to be put in a false short possition . The order for restricting trading on all paim shares was given and most brokers followed it . This is now confirmed and all who lost because of a wrong short possition need to file complaint with S.E.C. against Td-maritrade . The sooner the better to get your account corrected .
Posted by triovestor on :
The S.E.C.'s phone number is 1 800 732-0330 .
Posted by vinnie1 on :
anyone have a clue for monday.
Posted by ARTTEACHER on :
GREEN WEEK IMO...certs will be mailed out within the next 10 business days, says my scottrade guy..he also believes in Santa..so who knows...
Posted by CharTech on :
Check out the last 4 trades all after hours at 4:11 PM for a total of 30,000,000 shares. Looks to me like the same individual purchased it. At .0032 that’s $96,000.00. This could be a good sign for Monday.
Posted by ARTTEACHER on :
ooops...meant PAIV Certs...my bad wrong thread...I teach art for a reason..letters confuse me...=)
Posted by Rex A Million on :
chartech depending on who you ask that answers there's different stories behind the after the large quanity after hour trades. some say is the MMs flashing their inventory to one another and means nothing. remember that us regular traders can't trade pre or after market. on the other hand if the after hour activity means something that's great! we'll be make big money on monday.
Posted by tyleemary on :
quote:Originally posted by triovestor: Td-ameritrade caused it . They did not properly put a restriction on trading paim common shares on june 15th . They srambled to correct this but several orders still went though causing some to be put in a false short possition . The order for restricting trading on all paim shares was given and most brokers followed it . This is now confirmed and all who lost because of a wrong short possition need to file complaint with S.E.C. against Td-maritrade . The sooner the better to get your account corrected .
My restricted STILL show tradable in my ETRADE account. But instead of showing 1,350,000, it show 1,350 .?
Posted by triovestor on :
That is correct . E-trade did not screw up like ameritrade . You had 1,350,000 common paim shares . They put a restriction on them while the debenture took place . Then they took 90 % away and lifted restriction on your remaing 10 % .
Posted by triovestor on :
That is correct . E-trade did not screw up like ameritrade . You had 1,350,000 common paim shares . They put a restriction on them while the debenture took place . Then they took 90 % away and lifted restriction on your remaing 10 % .
Posted by stocktrader22 on :
Anything left in the tank for this baby?
Posted by Ripler on :
supposedly everyone is predicting this thing to go from up as high as .01 - .05 ...everyone speculating different things
Posted by singledadandhappy on :
is this a posibility anytime soon 0.05?
Posted by Ripler on :
im not one to say...but i heart one person say by end of next week.. its hard to believe.
Posted by J_U_ICE on :
quote:Originally posted by stockholder11:
quote:Originally posted by J_U_ICE: PAIM ALERT E-MAIL JUST RECEIVED FROM *************.COM Attention: Core Members
Now Time For PAIM
Short position cover starting next week...exciting possibilitys.
The first short interest information for OTC securities will be available on July 26, 2006, per Nasdaq’s short interest publication schedule, available on line at: http://www.nasdaqtrader.com/trader/defincludes/nasdshortint_def.stm#pubnew. Each month, on the publication date, Pink Sheets will publish short interest information for each OTC equity stock on pinksheets.com.
Posted by The Phat Man on :
next week.... let the run begin...
July 20, 2006 Pearl Asian Mining Mirrors Paivis Corporation Paivis Corporation (OTC: PAIV) is currently up $.051 to $.215 on another heavy volume day. As mentioned in yesterday's **** post, the stock has surged an unbelievable 15,000% since May 22 on a massive short squeeze. Microcap investors out there are now purchasing shares of Pearl Asian Mining (OTC: PAIM) hand over fist, as its shares surge $.0011, or 183%, to $.0017 on outrageous volume of 1 billion shares. Investors believe that a similar situation in comparison to Paivis is underway. There might be some truth to that because on July 12, Pearl Asian Mining announced that it was close to completing the buyback of approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture (CD). Pearl Asian Mining has transferred to the Depository Trust Company (DTC) notes with a face value of approximately $27,000,000.00 which the DTC received on approximately June 21, 2006. However, PAIM has not received any of the 27,000,000,000 common shares of the buyback. At this point, the shares bought and sold in the market should only equal the remaining 10% of Pearl's issued and outstanding shares. However, the company believes that some of the DTC's participants, i.e. brokers, have failed to notify their clients, which has resulted in many shareholders selling shares short. It looks as if there could be another share imbalance and that brokerage firms are yet again caught in the middle of it all. Let the short covering begin.
That article link from The S T R E E T . C O M is dated TODAY!!! oh watch out for next week...
quote:Originally posted by The Phat Man: next week.... let the run begin...
July 20, 2006 Pearl Asian Mining Mirrors Paivis Corporation Paivis Corporation (OTC: PAIV) is currently up $.051 to $.215 on another heavy volume day. As mentioned in yesterday's **** post, the stock has surged an unbelievable 15,000% since May 22 on a massive short squeeze. Microcap investors out there are now purchasing shares of Pearl Asian Mining (OTC: PAIM) hand over fist, as its shares surge $.0011, or 183%, to $.0017 on outrageous volume of 1 billion shares. Investors believe that a similar situation in comparison to Paivis is underway. There might be some truth to that because on July 12, Pearl Asian Mining announced that it was close to completing the buyback of approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture (CD). Pearl Asian Mining has transferred to the Depository Trust Company (DTC) notes with a face value of approximately $27,000,000.00 which the DTC received on approximately June 21, 2006. However, PAIM has not received any of the 27,000,000,000 common shares of the buyback. At this point, the shares bought and sold in the market should only equal the remaining 10% of Pearl's issued and outstanding shares. However, the company believes that some of the DTC's participants, i.e. brokers, have failed to notify their clients, which has resulted in many shareholders selling shares short. It looks as if there could be another share imbalance and that brokerage firms are yet again caught in the middle of it all. Let the short covering begin.
They apparently were re-discussing the July 20th info above..oh my that's great exposure
Posted by J_U_ICE on :
Just in case this hasn't already been posted
Pearl Asian Mining Answers The Commonly Asked Questions of the 90% Buy Back of Its Issued and Outstanding Common Shares
Pearl Asian Mining Industries, Inc. answers the commonly asked questions on the 90% Buy Back or approximately 27,000,000,000 of its issued and outstanding common shares using a convertible debenture. Pearl Asian has NO intention to hurt the PAIM Shareholders. The buy back is another creative and positive tool in reducing PAIM huge public float, thus benefiting all the shareholders and the success of producing gold by the company. Pearl Asian continues and will ever respect to cherish all of its shareholders, from the smallest to the largest and from the poorest to the richest! (Q1) If I have 50 Million shares bought at .0001. The company is saying they are taking 45 Million out of my account and giving me an IOU for $45,000 which after 5 years I get to keep but I lose my debenture shares. So after 5 years, I am left with 5 Million shares and 45,000. Anytime before the 5 years is up, I can turn my debenture shares into free trading shares for a cost of .01 cents a share, but I can only do this for 10% of my debenture shares. So if I choose to turn my debenture into free trading shares I am left with 5 Million shares from my original purchase and 4.5 Million shares from the debenture, but it cost me $45,000 to convert them. So I will be left with 9.5 Million shares and out $45,000. The company is in effect paying $45,000 for 45 Million shares, they could buy on the open market right now for $4,500.00. They are paying 10 times what they are worth. What am I missing here? Why would a company do this? (A) Yes, you have it correct. However, the reason to pay with a note instead of cash is that the company doesn't have the cash available to buy that many shares out of the market. If we tried to buy that many shares (27 billion) out of the market it could cost more than $0.001 on average, because as the supply decreases the price will increase. We thought that $0.001 would be fair for several reasons: $0.001 is the par value and since debenture holders will have to wait 5 years there is a discounted value less than $0.001 before maturity. And with the $0.001 price it makes it possible for the debentures to have a market value (should a market emerge on the Yellow Sheets) higher than $0.0001. (Q2) Can you clarify something for me? In my case, of having 50mil shares of PAIM. I know I keep 5mil and 45mil I bought out. If I wanted, I can sell at anytime and get $45,000 cash; If I stay, I’m guaranteed $450,000 in 5 years or less. My thinking is, I would have received that amount anyway if the value hit $0 .01. That’s where I’m lost. What if the value hits $0.02, etc. do we lose out on that opportunity? (A) Sorry for the confusion, but PAIM will only be obligated to pay you $45,000 after 5 years if you do not convert back to common stock at the rate of $0.01. For the $45,000 debenture to become worth $450,000 the stock would have to go to $0 .10 per share. But you would have to first convert your $45,000 debenture to 4,500,000 common shares and sell those shares for $0.10 per share to realize $450,000. In that case your other 5,000,000 shares would be worth $500,000 if you held until they hit $0.10. If the stock goes to $0.01 your 5,000,000 shares will be worth $50,000 and if you cashed in everything at that point you would have $95,000 including converting your debenture to common stock and selling those shares at $0.01. You can not cash in your debenture during the 5 years with our company. But if a market develops for the debentures you may be able to sell the debenture into the market at a discount before maturity, or even a premium if the stock closes above $0.01. (Q3) What will happen to our preferred shares if we do not convert? (A) You can keep the preferred shares as long as you like, and we hope they will increase in value over time. (Q4) I’m new at this investing stuff. I read your May 5th article on Big Charts.com and I’m not sure what this all means I’m real new at all this investing stuff. I bought 1,300,000.00 shares (130.00) in the company and I follow it everyday. I noticed at the bottom of my streamer page that there is an additional 200,000,000.00 shares added to this with no price, can you explain this to me. Do I need to sell this back to the company and if I do will I keep the 200 million shares? (A) It seems strange that you would receive 200,000,000 preferred shares if you only bought 1,300,000 common shares. The preferred shares do not have a symbol yet so there is no market value yet. If you own your common shares on the conversion date 90% of those shares will be converted to a debenture at the rate of $0.001. We gave an example in our press release using 1,000,000 common shares as an example which may help you understand this. We will publish our Q&A page on our web site where we have answered various questions about this subject and we hope this will be helpful as well. (Q5) Hello can you tell me what is naked selling and how does it happen? (A) This happens when Market Makers or Hedge Funds sell shares through the market that they do not own and have not borrowed. On July 3rd, new rules should make it so that shorting in Pink Sheets companies will be published, so we will get a better understanding how much we have been victimized by this plight. (Q6) I was reading your article on May 4 on the buy back of 90% of the float. I see that if you’re an owner on June 1, on the 15th you‘re entitled to the debentures. It wasn’t clear on your article if you must convert your share or you can hold the common. Can you please clear that up for me? I would like to know if I can just own the common stock I own now or must I have debentures? (A) We are currently considering making the conversion automatic, so that we accomplish the goal by reducing the number of common shares outstanding without a reverse split. (Q7) Does today's news of 5/4/06 say that my shares/money is locked up for up to 5 years? Is 10% of it is open for trading? (A) You will have 10% of your shares to trade and possibly as high as, or higher than .001 due to supply and demand factors. In this example, if you bought at .0001 and then after conversion sold at the remaining 10% at .001 you would have your investment back and the debenture would be profit, with none of your initial investment tied up. Furthermore, it is possible that you will be able at some point to sell your debenture for a percentage of face value, and/or convert it to stock at .01 per share. Since PAIM has more than 3,000 shareholders, there is a reasonable expectation that a market will develop over time for PAIM's convertible debentures at a percentage of face value. The market value of the debenture, if any, should increase as the maturity date approaches. Based on other factors such as the market value of the common, and future failures and/or successes of PAIM will all be contributing factors. (Q8) I have 50 mil shares right now. Does it mean 45mil shares are locked up for up to 5 yrs? (A) No, it means that PAIM will owe a debt to you in the amount of $45,000. And you will no longer own those 45,000,000 shares, but only be able to convert back to 4.5 million shares if you elect to convert the debenture to common. (Q9). And I can trade 5 Mil now? (A) Yes, and before the conversion date you can trade your entire position, but the less you own on the record date, the less the amount of the debenture you will receive on the conversion date. But you may have meant, "Can I trade what will be my remaining 5 mil shares after the conversion of my other 45 million shares?". The answer to that question is, "Yes!”. (Q10) How many more shares will be dumped sir? (A) We have no control over shareholders selling their shares on the open market or market makers naked shorting. (Q11) What would happen with our dividends with this news release? (A) The buy back could increase the value of the preferred shares. (Q12) How will the new outstanding shares and float numbers affect the Buyins numbers? (A) What new outstanding? The common outstanding remains approximately 30 billion. The buyins report is not based on the float as far as we understand it. (Q13) Would you please confirm the stock dividend of 1000 for 1 preferred shares to the holders of PAIM.PK as of record date 3-15-06 and pay date 3-31-06 if a holder has 1000 shares of PAIM.PK how many shares of PAIMPR will he receive? (A). If you owned 1,000 common shares of PAIM in your brokerage account at the close of business on March 14th you should have received 1,000,000 preferred shares. (Q14) Regarding the preferred stock, when was the cut off for getting the Preferred Stock, as I had my common stock bought by March 13, 2006 (A) If you bought on the 13th and held till the 15th of March 2006 you are entitled to the dividend. (Q15) I have 900,000 common share of PAIM that I have bought through my account at Scottrade.com. I know that Pearl Asian Mining Industries was doing a preferred stock for people who had common shares. I am confused at what the rate is for the common to preferred is, it seems I have a 1 for 1 rate. I have 900k preferred shares, I bought my common shares 500k on March 6 and 400k on March 13. Please can you inform me of what the correct rate is for shareholders please, that way I can contact Scottrade if there is any issues. (A) Perhaps Scott trade can't put that many digits in their computer. You should have 1000 preferred for every 1 common. (Q16). I’m going to try this again, appeared my first one kicked back. I see that I received the dividend. It has no symbol yet. Any idea when it will be up and running? Is the value starting at .00000001? I think that’s what I got from the news. Will that trade openly just like PAIM does? (A) The Preferred has no symbol yet. We hope that this month to see it up and running. Yes the par value is .00000001 but we have no idea what the market value will be if any. We can't predict how it will trade. (Q17) The reason I am asking this question again, is that I would like to convert the preferred shares into a stock certificate. How I understand the issuance of the preferred shares is this way: I keep the 500,000 shares issued into my account for 1 year in form of a certificate. Then, after 2 years I get rewarded with another deposit of shares into my account, according to the formula for holding the shares for 2 years. Then, the same occurs, after holding the shares for 3 years and so on until after 5 years? If this is correct, please, let me know. (A) If you owned 500,000 common shares you can keep those in your account and request 500,000,000 preferred shares. The longer you hold the preferred shares the more common shares you will receive if or when you decide to convert the preferred into common. The common shares you own do not effect the preferred you are entitled to. Hope this helps. (Q18) I have been investing in stocks for 8 years and in my opinion there is a lot of confusion about what the float is and what really remains of the restricted shares. It made no sense that we had days of trading of 3 to 5 billion shares, and the price would not move, if there was a 5 billion float. Maybe someone converted 10 billion shares of stock and put it into the float and sold out. If there is a 15 billion float and a major stockholder sold shares, this would explain the huge volume. I recommend that a true picture of the number of shares in the float and the remaining restricted shares be ascertained. The company can easily find out who sold huge share blocks and who are the owners. It seems that 10 billion shares were possibly converted and sold. This would explain why there might be no Naked Shorts and a huge volume with no price change. Buyins should be able to find this out. I own 345 million shares and will increase my position. (A) We are investigating to get to the bottom of the actual float. It seems that many of our large shareholders have deposited shares but there are 2 billion Objecting Beneficial Owners according to ADP so we don't know who they are. I believe the float may be 15 billion or higher but the outstanding remains around 30 billion. (Q19) Doesn’t every company have its own market maker who promotes the stock? If they do what is PAIM's market maker doing to BOOST the PPS ?? (A) MM only represents themselves or retail shareholders but not the company. Sometimes MM become bullish on a company and will help when they can, but they have lots of rules and regulations to follow. (Q20) I am a stockholder from Belgium. I don't really understand what you want to do to increase de stockholders value; your last PR is in my point of view a reverse merger and in such a case the stock value often decrease. (A) No, this has nothing to do with a reverse merger, and we hope that this action will increase shareholders' value in PAIM. (Q21) Your previous PR about dividends was not correct; they are totally restricted (not possible to sell them this was not mentioned in the related PR. (A) Because there is no symbol yet for the preferred does not mean they are restricted. No market can develop until a symbol is created, which we hope to have in the near future. (Q22) Is there any prospects for the future of this company, you seem, by your web-site to believe in GOD, as I do. I hope some honest insight will be forth coming. (A) We are working day and night to make PAIM a successful and profitable company. Keep the faith, and may God bless you abundantly. (Q23) Why is the stock .0000 ? Is this how that market works sir? (A) Supply and demand determines the price per share but the stock rarely ever trades below .0001. (Q24) WHERE ARE all the shares that are selling coming from?? (A) From all the shareholders and we believe also from naked shorting, but will have to wait until the new rules are effective to learn the amount of shorting. The Company has not sold any shares privately during the heavy volume that has recently occurred, (and has never sold shares publicly at any time). I've done a little research and learned that people believe because PAIM trades OTC unsolicited Pink Sheets, that Market Makers can not buy and sell shares for their own account. However, from what I have learned, that rule only applies when the Market Maker puts his or her call letters on the Pink Sheets. If NITE, one of the market makers, for example, doesn't show their call letters on the Pink Sheets, it is my understanding that they can buy and sell (short) for their own account through verbal and electronic orders. There are hundreds if not thousands of Market Makers that do not show their names on the Pink Sheets for PAIM so in theory any one of those could sell short. Sometimes you see market makers come and go more than once in the same day. There could be two reasons for that. One is that they indicate retail unsolicited orders only while they hold same. Or, decide they want to buy or sell for their own account, so they drop their call letters from Pink Sheets while not indicating the retail orders they are working. There is also the possibility that some of the powerful market makers, for example such as NITE break the rules and pay big fines when they get caught. I remember reading somewhere that they paid huge fines in the past. (Q26) What are PAIM's goals for this year, 2006? (A) (1) Get all the Pearl Asian Gold Claims into production. (2) Report profitability within this year.(3) Register and move into a new listing (4) That all current PAIM Shareholders will be able to sell their shares for a profit, and all PAIM’s employees and its host communities be happy and successful. (5) Make PAIM the leader in the Philippines Mining Industry. (6) Continue to share with the poorest of the poor in the Philippines through donations, job creation and community development.
ABOUT THE COMPANY: Pearl Asian Mining Industries, Inc. is a fast growing gold mining company that is in its active exploratory, developmental and pre-production stages with mining interests and claims in the Philippines and Canada.
Posted by Batman on :
After reading the IHUB board, my head is killing me. I'm totaly confused. All I want to know if this is gonna take off or not.
Posted by The Phat Man on :
whether it's gonna take off or not... no one can ever know. that's the fun of the game. however, link below shows
SO what do we see happening here for next week? Is .01 viable?
Posted by Rex A Million on :
people are all excited with short squeeze plays so money not be as strong as people think. fhal was the kats-ass until paim started lighting up. if smmw or any of these others start lighting up hotter than paim -- maybe on back burner. just keeping it real just a matter of when at this point imho.
///////// July 20, 2006 Pearl Asian Mining Mirrors Paivis Corporation Paivis Corporation (OTC: PAIV) is currently up $.051 to $.215 on another heavy volume day. As mentioned in yesterday's post, the stock has surged an unbelievable 15,000% since May 22 on a massive short squeeze. Microcap investors out there are now purchasing shares of Pearl Asian Mining (OTC: PAIM) hand over fist, as its shares surge $.0011, or 183%, to $.0017 on outrageous volume of 1 billion shares. Investors believe that a similar situation in comparison to Paivis is underway. There might be some truth to that because on July 12, Pearl Asian Mining announced that it was close to completing the buyback of approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture (CD). Pearl Asian Mining has transferred to the Depository Trust Company (DTC) notes with a face value of approximately $27,000,000.00 which the DTC received on approximately June 21, 2006. However, PAIM has not received any of the 27,000,000,000 common shares of the buyback. At this point, the shares bought and sold in the market should only equal the remaining 10% of Pearl's issued and outstanding shares. However, the company believes that some of the DTC's participants, i.e. brokers, have failed to notify their clients, which has resulted in many shareholders selling shares short. It looks as if there could be another share imbalance and that brokerage firms are yet again caught in the middle of it all. Let the short covering begin. ////////
Posted by The Phat Man on :
not pumping at all here, just stating what i'm seeing right now while visiting all the boards, but the PAIM boards are exploding everywhere (and it's a saturday). it's reminding me of the early days of xkem. imo, monday morn gapper.
Posted by vinnie1 on :
lets hope that all the talk is good things about it.so we can see a .01 on monday
Posted by The Phat Man on :
from ihub...
Posted by: blissonmoon In reply to: None Date:7/22/2006 8:06:21 PM Post #of 12348
Amazing numbers for PAIM short position!!! Analysis of the volumes from January 4th,2006 till date gives us the following conclusions. Who the heck says there is no short. Look at these numbers and tell me if they dont blow your mind. Look all the way through......
Total share volume for this year= "66,714,445,876"
Assuming a billion is covered in the past week and some of it might be selling and buying, lets take out 20% which makes total short of 63.7 billion - 12.65 billion = 51.05 billion
Assuming some of the math is wrong, atleast there is a short of 40 billion.
At the rate of 2 billion per day could take 20 days to cover up 40 billion. Assuming a even meager .002 change per day, you can imagine where this would sit. I would estimate a short term price target of 04-05 cents....
Assuming a billion is covered in the past week and some of it might be selling and buying, lets take out 20% which makes total short of 63.7 billion - 12.65 billion = 51.05 billion
Assuming some of the math is wrong, atleast there is a short of 40 billion.
At the rate of 2 billion per day could take 20 days to cover up 40 billion. Assuming a even meager .002 change per day, you can imagine where this would sit. I would estimate a short term price target of 04-05 cents....
Above that its just our luck and patience.
GLTA...
bliss.
Posted by MoneyMoneyMoney on :
But when did the actual "shorting" begin? On the 15th or ???
Posted by Billis on :
What is shorting and how can you tell when the stock is being shorted?
How do you know when to get into a stock if its being shorted?
These maybe simple questions hope you can help.
Posted by Billis on :
Is there still a run left in PAIM?
Posted by MoneyMoneyMoney on :
The first short interest information for OTC securities will be available on July 26, 2006, per Nasdaq’s short interest publication schedule, available on line at: http://www.nasdaqtrader.com/trader/defincludes/nasdshortint_def.stm#pubnew. Each month, on the publication date, Pink Sheets will publish short interest information for each OTC equity stock on pinksheets.com.
Posted by The Phat Man on :
money and billis... as per new regulations which came into effect on july 3rd, the shorting on the otc boards must now be reported (or not) to the nasdaq at this link:
i believe this list will take effect beginning july 26th (someone please correct me if i'm wrong on that date). the new regulations were created to (hopefully) help level the playing field regarding mm manipulation vs. everyday-joe-investors like ourselves.
a lot of times, even the OTC companies themselves can't be sure of the amount of shorting going on behind the scenes. instead, they just know their stock is being driven into the ground ( the ultimate goal of a shorter ) for reasons out of their control. until it is reported, at this stage it is hard to be sure.
however, with the massive volume lately with this play and smmw, one could surmise with decent technicals as laid out above that the shorters are now scrambling to cover every inch of their previously fat and shorted position. volume on short covers, buybacks, true long positions and now reinvigorated momo can make for quite a play. glty,
Posted by stocktrader22 on :
So what does everyone think in terms of how much play this has left in it? Seemed like it wanted to explode on Friday, but profit takers kept not letting it get to the next level. Are we ready for new highs monday?
Posted by MoneyMoneyMoney on :
quote:Originally posted by MoneyMoneyMoney: The first short interest information for OTC securities will be available on July 26, 2006, per Nasdaq’s short interest publication schedule, available on line at: http://www.nasdaqtrader.com/trader/defincludes/nasdshortint_def.stm#pubnew. Each month, on the publication date, Pink Sheets will publish short interest information for each OTC equity stock on pinksheets.com.
Thanks Phat Man. Who knows, maybe SMMW will be next. Heck I even threw a hundred at it.
Posted by The Phat Man on :
imo, after a nearly 300% gain on thursday, it only makes sense that people would flip big time after/during the initial market jump on friday. clearly, no one can say what it's gonna do, but hope is a curious thing. i know a lot of people who were in paiv real early thinking it was going to tank and sold out around similar levels that paim is at currently. and while a smart thing to do in the interests of protecting your investment, many posted after the fact that they kicked themselves for selling out at .004 and then had to get back in at .03 to .07 or beyond. (talking exponentially thousands or more dollars lost there.) summarily, to answer your question... no one in the world knows how much gas this play has left in the tank, but as for me... very bullish and willing to take a small hit vs. reward with all the dough i made of fhal and paiv. glty,
Posted by Batman on :
Here's the street.com link that's being posted on every board.
By: coyote377 22 Jul 2006, 04:19 PM EDT Msg. 1886 of 1918 Jump to msg. # I am a new member here and I use Scottrade, but I think I can explain how the whole thing was supposed to work with PAIM.
I originally bought PRLGF, 100 shares, (I believe that is what the symbol was)last year. It immediately had a 1000 for 1 forward split. Thus the symbol PAIM. Shortly thereafter it had another forward split, again 1000 for 1, but these shares were perferred. I now had 1,000,000 shares of PAIM and 1,000,000,000 shares of the preferred stock. These are shown as 1,000,000 in my portfolio since there are in groups of 1000. The 90% reduction in stock took 900,000 shares of PAIM leaving me with 100,000 shares in my portfolio.
At one time I called Scottrade and asked if I could sell the shares of PAIM (1,000,000 before the reduction) and they said I could, but if I didn't have the shares I was selling they would be short and I would have to make them up.
I think some brokerages were not paying attention to what was happening and allowed people to sell shares they didn't have and this is wre the problem is arising.
I did bought more when it started to move and am loving every minute of it. Can't say exactly who created the confusion but it looks to me like the MM's are really scrambling.
Posted by Hannibull on :
do you guys think this will go even higher? This was 0.0001 not too long ago, and friday's close was at 0.003 so 30 times higher
Posted by Batman on :
quote:Originally posted by Hannibull: do you guys think this will go even higher? This was 0.0001 not too long ago, and friday's close was at 0.003 so 30 times higher
It doesn't matter how much higher it already is, billions of shares need to be bought back. The street.com is comparing this to the run of PAIV. That went up way more than 30 times.
Posted by NEL on :
If PAIM increased even close to the surge PAIV saw that would mean a pps for PAIM of .12 Not saying this will happen just illustrating the math.
Posted by NEL on :
I used the wrong starting pps if you go with an original pps of .0002 the high could be .03
Posted by Ripler on :
its hard to see it going beyond .01.. jmo
Posted by Batman on :
Yeah, right...it only needs to go up 81% from Friday's high(.0055)to get to .01. And with all the momo, this will go up alot more than that.
Posted by Ripler on :
be careful with paim..anything can happen
Posted by megahead34 on :
Ripler, where is your reasoning on why you think this won't go beyong .01?
Posted by daytr8er on :
PAIM i have 1 billion prefered shares what can i do with them ? can they be traded in for common shares?
Posted by Batman on :
quote:Originally posted by megahead34: Ripler, where is your reasoning on why you think this won't go beyong .01?
This is going way past .o1
Posted by triovestor on :
Has everyone forgotten that Intimatrader had told us many times not to be worried about paim or the debenture process . Remember how many bashed him for saying paim was one of the safest bets he ever saw . He hated when paim bashers were scaring newbies from buying paim at .0001 ....Because he said it was very low risk against very very very high gain .
How soon we forget about the one that pushed us to look at the whole potential picture of paim an not merely the siiting at .0001 .
He said this would happen .....And they booted him for saying it as most called him crazy for suggesting to newbies to buy paim at .0001 . Intimatrader never budged or backed up ....He said it was only a small bit of time needed befor paim would move .
ON YOUR KNEES and give thanks to the awesome INTIMATRADER . He helped us to wait bit longer with paim ...and now look ..I'm rich .
Posted by vinnie1 on :
wheres is he at now.for some more picks.
Posted by triovestor on :
They banned him ..
He was a good guy ......He said he owned jmcp, awbv ,smmw, rshn & too
Posted by T e x on :
lol...here's his picks: Buy all .000x plays...leave your funds there for a year if need be Posted by vinnie1 on :
LOL i hear you
Posted by triovestor on :
Tex was one of the paim bashers I think telling all to stay away from paim that is was a scam . lol
And he is stalking me around this board from thread to thread .
SECURITY ! SECURITY ! Posted by T e x on :
never have said any of these things can't run...
I *do* ask questions and post in response to wild claims re holding for genuine investments...
Posted by triovestor on :
Yep ..you are good back pedler .Should be in circus
Posted by triovestor on :
So his claims of paim going much higher were fantasy ?
Welcome to the fantasy then .
Posted by Ripler on :
quote:Originally posted by megahead34: Ripler, where is your reasoning on why you think this won't go beyong .01?
heheh my reasoning is mainly skeptisism.. i bought in at .0002 and there was a lot of up and down..when it was bouncing up to .0006 at the time, many were saying it would fly, just like now.. all I am saying is to be careful, and dont be surprised if it doesnt go as high..
I am not a basher..on the contrary I have held this for long..Febuary? thats pretty damn long if you ask me.
I have confidence in the company long-term. YES..but how much higher it will keep going NOW? who really knows..this might be the top, or it could go higher..i myself am happy with .01..but if it goes higher..obviously I will be "happier" lol
I also cant forget how in march everyone was saying no reverse split, only up!..well still there was a buyback and **** happens...
Goodluck to all..i ****in hope this is another PAIV from what I hear from everyone..but I havent followed it as I have PAIM...
..and please people..dont put all your $$$ into this.. just incase.. sure there is people saying its a scam or bashing it..but take that as a good thing.. if it doesnt make you think and wonder..then you must be an idiot
Posted by tyleemary on :
NMCX - .014
Gong to 1-2 dollars by end of year.
How's that for pumpin'.
Posted by Ripler on :
Posted by triovestor on :
OK ..Ripler ..Your apology { in front of everyone } excepted . And your right ....Paim could level and zoom down again ...befor it has a normal slow and steady climb . Let's be friends ans stay informed and get rich here ...You should watch smmw & awbv now . I own those too . Good luck to us ...
Posted by Ripler on :
good to hear
Posted by The Phat Man on :
Press Release Source: Pearl Asian Mining Industries Inc.
Manufacturing Of Gold Mining Equipment Completed and Shipped From China Today to Cagayan De Oro, Pearl Asian Mining Announces Monday July 17, 9:26 am ET
MANILA, Philippines--(BUSINESS WIRE)--July 17, 2006--Chief Metallurgist Engr. Elvis Hidalgo and VP/ IRO Engr. Gary Gotanco of Pearl Asian Mining (OTC:PAIM - News) reports: The Pearl Asian mining engineering group called "CDO Gold Team" is prepared to receive the gold mining equipment from China. They have been preparing the mine and the gold plant site for weeks to set it up by July 31, 2006. The team has been using manual methods in breaking and preparing the location site by using moil, bareta and sledge hammers and using horses due to the remoteness of the area. ADVERTISEMENT
The CDO Gold Team is hoping to get the plant into operation within the first week of August or upon its arrival and obtain the first gold revenues. The funds to be generated will be used to cover overheads, purchase larger and state of the art equipment to break and haul the ores instead of the manual methods currently being used. The Gold Team will be able to explore larger goldveins that contain richer and higher grade gold ores, to build better housing accommodation, mine site office and communication center, medical clinic or dispensary. Pearl Asian will be able to hire additional miners and to increase the production rate from the small scale operations to 100++ tons per day by upgrading and adding bigger capacity of the processing plant.
An 18-20 tpd (tons per day) operation, a safe and environmentally friendly methodology, using specific gravity gold and silver extraction processing plant is designed to extract and to process these gold ores. This initial processing plant will act as a pilot plant for the envisaged full-scale operation, to increase the production rate from 20 tpd to 100-200 tpd.
The Operation CDO will produce gold and silver concentrates containing other precious metals and by-products such as copper and zinc.
It should be noted that "Operation Cagayan De Oro" will be the flagship of Pearl Asian Mining (PAIM) for sometime to come, covering an estimated 7,000 hectares of ancestral domain land. An approximately 20 hectares portion of this small scale mining operation, being permitted, is a joint venture gold mining project between Pearl Asian Mining (PAIM) and the Higaonon Tribes led by Chieftain Datu Joni of the Indigenous Group of People located in the Eastern Region of Mindanao.
FORWARD-LOOKING STATEMENTS
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Contact: Pearl Asian Mining Industries Inc. Gary Gotanco, 650-814-3268 or +63-2-490-0140 Fax: 877-317-4430 IR*PearlAsianMining.com www.PearlAsianMining.com Posted by The Phat Man on :
sorry, old news... haven't had my coffee yet... saw "monday" at the top of the PR and got excited, but didn't see the date: july 27
Posted by Hustla on :
Gapping up nicely, MMs already traded 1.2 million shares
Posted by stocks1984 on :
2.75 now!
Posted by megahead34 on :
gapper. Today will be big.
Posted by stocks1984 on :
.01 this week? lets hope so with this early gapper!
Posted by stocktrader22 on :
Probably going higher then last week high of .0055 big day ahead!
Posted by yayplaya on :
the bid ask is already acummulating above friday's close...right now i show bid is .0038 and ask is .004
Posted by android_xxx on :
0.004 X 0.0042
Posted by Igor R on :
Ding ding ding.
Posted by Batman on :
Why are people selling below the ask?
Posted by buzzygresham on :
i wonder if people had GTC sale orders in from friday when it was at 003?
Posted by megahead34 on :
haha i have no clue.
Posted by Batman on :
That would make sense
Posted by coalkickin on :
All over the place...which way will it settle
Posted by Batman on :
There's only 3 MM's till .005
Posted by Igor R on :
Does it need to fill the gap in?
Posted by yayplaya on :
what a huge spread between .0035 and .0042...HDSN must be making some $$ buying on the bid and selling on the ask...no wonder the bid isnt moving up at all...
Posted by megahead34 on :
Its going insane! hehe
Posted by dbrownRC on :
i still think if we break .004 we have a nice run
Posted by megahead34 on :
Ask at 45
Posted by buzzygresham on :
gap filled
Posted by yayplaya on :
there we go...bid and ask moved up.. .004x.0045
Posted by stocks1984 on :
looks like will run!
Posted by NEL on :
.0048
Posted by stocks1984 on :
ill be buying more if we dip to the low .003's
Posted by doling2005 on :
That Street article brought alot of exposure from mainstreet traders
Posted by Batman on :
quote:Originally posted by doling2005: That Street article brought alot of exposure from mainstreet traders
No doubt about it...Just wait until everyone in FHAL puts their profits in PAIM.
Posted by yayplaya on :
looks like we're building some strong support at .004
Posted by kindo on :
This is a nice steady climb instead of a radical jump!
Posted by doling2005 on :
HOD
Posted by megahead34 on :
Yeah, i concur. Very nice steady jump. At this rate, we may see .006
Posted by yayplaya on :
that ask needs to go to .005 already
Posted by doling2005 on :
It's building steam...
Posted by Batman on :
There has been some big runners the last week.
Where do you think people will be putting their profits once PAIM starts to move?
Posted by timber03 on :
quote:Originally posted by Batman: There has been some big runners the last week.
Where do you think people will be putting their profits once PAIM starts to move?
BKMP
Posted by Batman on :
2 MM's till .50
Posted by yayplaya on :
what?? how did the bid and ask move DOWN??
Posted by dbrownRC on :
its called a shake
Posted by yayplaya on :
man, i was hopin we'd at least hit .005 before a shake...
Posted by dbrownRC on :
nope...that would bring in too much buying pressure...mm's wouldnt be able to control it then...itll happen thouhg
Posted by doling2005 on :
bid and ask moved up..
Posted by doling2005 on :
look at level 2.. she's gonna blow
Posted by Hustla on :
quote:Originally posted by doling2005: look at level 2.. she's gonna blow
Don't have level 2 pink what's it saying?
Posted by doling2005 on :
only 2 mm's until 5
Posted by megahead34 on :
How do we surpass the MM's?
Posted by doling2005 on :
Some of us were wrongfully shorted by Td-ameritrade regarding our paim common shares and forced to cover .This was their fault anf not yours .....And they will be forced to correct it .
Some indivuals at ameritrade put orders to sell through in an untimely manner . This meant ameritrade soon realized they had to get some of those shares back .....And rather than pay for their mis-take they decided to put the financial burden on the client by shorting the clients account .
This is a big mis-take on their part .The S.E.C. has been notified and is filing my complaint and will be filing yours once you contact them . This is very important and will get the problem corrected so that our accounts will be reimbursed the funds owed.
I am told the investagation has started and all of us who were wrongfully shorted need to contact the S.E.C.
This is an obvious mis-take and fines and legal action will now be pending against Td-ameritrade to expidite the correction to our accounts .The N.A.S.D. may also be interested in this .
Let me know if this has happened to you and here is the number to the S.E.C. 1 800 732-0330
Posted by doling2005 on :
Is TD Ameritrade still stopping some from buying? Just curious
Posted by Igor R on :
yes, it can be. It is something to watch out for, it means it's over sold and will shortly have a pullback in order to keep rising.....MOST of the time, but not always. RSI can keep or maintain a high level for some time. As with all things in stock market rules, it's never 100%. Have to use your judgement and look at other factors. I sold mine the other day at .0045 and have been watching it to see if I want back in. I am looking for a .0025 level. Money Flow is down and RSI is up. I could be wrong and have been before, but I decided to jump back into XKEM for now. GLTA!
Posted by megahead34 on :
I think PAIM still has plenty of juice. If we keep seeing 20% profits a day for the rest of the week, i'll be pretty satisfied.
Posted by doling2005 on :
This stock is holding this gain extremely well..gotta get rid of the one at .0039 and move back above .004
Posted by Chad on :
i cant imagine fridays high will be the last time it hits that lvl. To much MOMO, covering to be done, to many think this will hit a .01 and higher. I'd be shocked if this doesnt hit .006 at least by Wednesday. just my opinion. Posted by imapoorcollegestudent on :
you tell me, my PAIM is up 1200%+ in the last week, plus have 700 m preferred, 630,000 debentures and riding free now after selling 100k today.....
I THINK ITS A GOOD THING !!!!!!!!!
From my reading in "How to make Money in Stocks" by William O'Niel Chapter 5, a high RSI is a very good thing. The stocks he used as examples showed high Relative Price Strength before blowing up. HE also said anything below 70 is a lagging stock, not a leader. So I'm happy about the high RSI, it only makes sense to me. don't let the mm's keep us from our due profit.
Posted by kittykash on :
does he include micro penny's in that thought? Micro's work a little different. This stock could work like PAIV and it may not. All factors should be looked at. As stated by other traders, it is rising MOSTLY on shorters buying back. I think this is so, but keep in mind, if you were a shorter would you want to buy back at higher and higher prices or would you pace it out? Look at all aspects. Long term, if/when PAIM starts mining out the gold, it will shoot up very quickly. So holding this stock in any form is a good thing.
Posted by doling2005 on :
only one sitting at .0039 for 30 minutes now..after that it's blue
Posted by doling2005 on :
ok,,.0039 is gone.. one at .004
Posted by doling2005 on :
ask now .0042
Posted by megahead34 on :
good. lets see a nice run.
Posted by doling2005 on :
got it Posted by doling2005 on :
one at .0042 next is .0045
Posted by buzzygresham on :
has anyone here tried to convert their preferred to common?
Posted by megahead34 on :
I have. ST should do it for me soon.
Posted by ohio_trader on :
quote:Originally posted by buzzygresham: has anyone here tried to convert their preferred to common?
----------------------------------------------
10,000 to 1 NOW, 500 to 1 5 Years From Now....
I'm Holding !!!
Posted by doling2005 on :
up 33% now
Posted by MoneyMoneyMoney on :
So wouldn't it be better to take the 10k for 1 now and hold?
Posted by buzzygresham on :
STrade charges you 50 bux and the you will have to wait 4-8weeks before you get a physical cert. Then you can take it back to STrade and turn it in on your acct and then be able to trade it
Posted by buzzygresham on :
Money its 1 for 10000 so for my 2.5Bil i would get 250k
Posted by MoneyMoneyMoney on :
Ahh, thanks buzzygresham. I think I'll hold in that case too and trade em in 4 or 5 yrs from now.
Posted by buzzygresham on :
no prob
Posted by kittykash on :
dag gone thing is confusing to me. Was going to hold for 5 yrs because I don't fully understand it. So when you trade for 500 for 1, can you sell at the then current price? What is the .01 per share mean?
Posted by buzzygresham on :
the 01 pre share is for the CD. the converting at 1 for 500 in 5 years is for the preferred shares which should be PAIMPR in your acct if you were here for that part. At least it is in my acct
Posted by buzzygresham on :
but yes, when you decide to convert you PAIMPR to the common of PAIM then you can sell it at the pps it is then. So if in 5 years you convert and the price of it is $2, then you can sell at $2 a share
Posted by ohio_trader on :
quote:Originally posted by kittykash: dag gone thing is confusing to me. Was going to hold for 5 yrs because I don't fully understand it. So when you trade for 500 for 1, can you sell at the then current price? What is the .01 per share mean?
-------------------------------------------
without seeing your account probably your debenture value(in 5 years ) based off the 90% buyback ( which by the way IMO was brilliantly calculated by Paim and tiggered this short squeeze)
Posted by doling2005 on :
bulls are winning this fight Posted by ruthie on :
GO BULLS!!!
Posted by kittykash on :
i agree with that ohio. another question: Can short traders again start the shorting of this stock. Knowing that PAIM was going to do this ahead of time, didnt' many of the shorters cover most of their positions before the change?
Yes, I still have 90% of my shares in the holding cell.
Posted by doling2005 on :
one more * .0041 and then .0046
Posted by doling2005 on :
up 36% now..nice eod run
Posted by stocks1984 on :
come on baby, get going!
Posted by doling2005 on :
OH MY ask up to .0046
Posted by yayplaya on :
tons of buys coming in at .0041 but MAXM is not getting of the ask
Posted by ohio_trader on :
quote:Originally posted by kittykash: i agree with that ohio. another question: Can short traders again start the shorting of this stock. Knowing that PAIM was going to do this ahead of time, didnt' many of the shorters cover most of their positions before the change?
Yes, I still have 90% of my shares in the holding cell.
--------------------------------------------
this is the deal IMO, most of the brokers do not have a seperate departments in corporate for the pennies, therefore they do not execute timely info properly and now that pennies have gotten hotter in the last 18 months many stocks are doing complicated mergers and splits, reversals, buybacks, so on, that can really effect value and if the main brokers screw up, which they have, and people in tune will and have capitalized !!!!
hope they stay in the dark,lol
Posted by yayplaya on :
i spoke too soon, we got NITE at .0046
Posted by ohio_trader on :
quote:Originally posted by ohio_trader:
quote:Originally posted by kittykash: i agree with that ohio. another question: Can short traders again start the shorting of this stock. Knowing that PAIM was going to do this ahead of time, didnt' many of the shorters cover most of their positions before the change?
Yes, I still have 90% of my shares in the holding cell.
--------------------------------------------
this is the deal IMO, most of the brokers do not have a seperate departments in corporate for the pennies, therefore they do not execute timely info properly and now that pennies have gotten hotter in the last 18 months many stocks are doing complicated mergers and splits, reversals, buybacks, so on, that can really effect value and if the main brokers screw up, which they have, and people in tune will and have capitalized !!!!
hope they stay in the dark,lol
yes it could and may be shorted again, but probably not anytime soon
Posted by rocktrader on :
L2's are real thin...We are going to 0.01....
Posted by doling2005 on :
little resistance at .0047 and then we reach .005
Posted by doling2005 on :
up 53% now Posted by yayplaya on :
volume seems like its slowed down quite a bit for an EOD run...
Posted by kittykash on :
anyone in here been able to buy shrs through ameritrade in the last few days?
Posted by Duncan Idaho on :
I cannot enter a buy order for PAIM.
"Opening transactions for this security are not accepted."
I think TDA does not want any more PAIM trades, however ppl. still are holding shares. Not me.
People say there has been a shorting fiasco.
The SEC is involved.
Posted by kittykash on :
could that be the reason PAIM is not as strong as it should be?
very interesting
Posted by triovestor on :
Contact S.E.C. if ameritrade put you in false short possition over paim when shares were restricted are not tradable .
1-800 732-0330
Posted by yayplaya on :
i bought paim through Ameritrade on wed or thurs..it was the day after it closed at .0022...
Posted by doling2005 on :
I bought it then too thru AT, so it must have been after that that they stopped trading it..other brokers letting them go through because they didn't screw up like AT..
am i going to have any problems selling the stock when i want to?
Posted by dbrownRC on :
if this thing can close at .0046 tomorrow will be a great day
Posted by doling2005 on :
no problems selling going higher too..HOD one tick away Posted by yayplaya on :
on the edge of .0044 and .0046
Posted by yayplaya on :
buys of 7mil at .0046 and 2mil at .0046
Posted by tonicma on :
PAIM will go higher.
We know there is ONLY 3 billion o/s after taking out the 27billion o/s.
So based on that for the past 3 trading days we have traded the float. while at the same time traded well over 1 billion extra.
Also, it seems Atrud won't allow buys ONLy sells.
Look slike GLKCE senario when it won't allow buys but sells.
Even better, So you can see that MM are very much covering. But this will only go higher and harder like PAIV.
PAIV will buy in and it will og up more and more.
Also July 26th is short data cor pink sheet and otc stocks. Gonna be fun.
Posted by Rex A Million on :
last time ameritrade did not allow open orders was with paiv and time and sale says it all! tomorrow paim is going to rock 'n roll imho! glta!
Posted by dbrownRC on :
gapper tommorrow
Posted by doling2005 on :
quote:Originally posted by tonicma: PAIM will go higher.
We know there is ONLY 3 billion o/s after taking out the 27billion o/s.
So based on that for the past 3 trading days we have traded the float. while at the same time traded well over 1 billion extra.
Also, it seems Atrud won't allow buys ONLy sells.
Look slike GLKCE senario when it won't allow buys but sells.
Even better, So you can see that MM are very much covering. But this will only go higher and harder like PAIV.
PAIV will buy in and it will og up more and more.
Also July 26th is short data cor pink sheet and otc stocks. Gonna be fun.
So you didn't leave us? Great day huh?
Posted by Karma Earl on :
I bought through TDA this morning. If they halted, it must have been later today
Posted by rocktrader on :
PAIM, we are set to open 0.005 tomorrow and will be hitting 0.007....
wow super we are going to 0.01 pretty soon ... Posted by yayplaya on :
buys of 7mil at .0046 and 2mil at .0046..lets blow the roof off this thing
Posted by ohio_trader on :
ask at .01
we are going to gap large
Posted by kermit42 on :
After hours bid/ask don't mean anything. In fact, anything before about 9:25 tomorrow morning doesn't mean anything. But I expect nice a morning gapper--especially looking at how this moved up at EOD today.
Posted by megahead34 on :
yea, bid is at .0004, and ask at .01....that doesn't make sense.
PAIM looking really good.
Posted by ohio_trader on :
quote:Originally posted by kermit42: After hours bid/ask don't mean anything. In fact, anything before about 9:25 tomorrow morning doesn't mean anything. But I expect nice a morning gapper--especially looking at how this moved up at EOD today.
---------------------------------------------
your right, BUT when a stock has run like this , it usually does mean a big gapper
Posted by kermit42 on :
quote:ohio_trader Member
your right, BUT when a stock has run like this , it usually does mean a big gapper
No argument there.
What part of Ohio you from? (I'm in NYC now, but grew up in Cleveland and got the undergrad from OSU)
Posted by renrob05 on :
Hoping for .01 on this one.
Posted by megahead34 on :
yep, i think it will happen soon.
Posted by vinnie1 on :
sold today .0045 will get back in if it dips tomorrow.
Posted by Chad on :
.01 would be great! next few days will be up with some dips. I see green everyday though. I think it gets extremely close to .01 sometime thursday.....well, i hope it does. Posted by MoneyMoneyMoney on :
quote:Originally posted by ohio_trader: ask at .01
we are going to gap large
1 X .0046 4 X .005 2 X .01 1 X 1.
But we also know how they fill em in along the way, up of course.
Posted by McShooter on :
quote:Originally posted by yayplaya: am i going to have any problems selling the stock when i want to?
Bought Thursday at .0014!!!! Sold 35% of my position on Monday!!!! Riding the rest for free!!! Up, Up, Up we go up to Pennyland!!!
500 into 100K...You Gotta' Believe!!!!
Posted by ohio_trader on :
quote:Originally posted by kermit42:
quote:ohio_trader Member
your right, BUT when a stock has run like this , it usually does mean a big gapper
No argument there.
What part of Ohio you from? (I'm in NYC now, but grew up in Cleveland and got the undergrad from OSU)
-----------------------------
ne ohio akron/fairlawn
go bucks ( great chance for another national championship this year)
Posted by Ripler on :
.01 seems possible..but its hard to see .02, .03, etc
Posted by megahead34 on :
haha just yesterday you said .01 is highly unlikely. Give us reasoning Ripler.
Posted by Ripler on :
haha highly unlikely but possible..2 different things.
well since I have held this company for a long time..I have a feeling of how it bounces.
possible because anything can happen with PAIM> an overwhelmingly large amount of people are pumping PAIM, each with their own reasons, making higher then .01 sound "possible".. but highly unlikely because there isnt any revenue yet and until they start mining..everything they release could mean ANYTHING and since im a skeptic.. I just dont believe in the lottery
hope that makes sense.. do your own DD, I have a different approach to investing then most.
Posted by Ripler on :
quote:Originally posted by DWE: Got 10 mil for 0.0002. Got tired of tryin' to buy at 0.0001. I'm in for the gold!
i wonder if hes still holding for the gold Posted by MoneyMoneyMoney on :
hmmm.... maybe I will convert my preferred shares to common and take my grand while the stock is actually up.
Posted by megahead34 on :
Ripler, this isn't going up simply cuz its a company who is mining gold and will report huge revenues. Its all about the short squeeze baby...lol.
But im with you in the sense that if this whole shares sold short thing never happened, it would be highly unlikely this would hit .01 due to the fact that it begun mining. Maybe in the long run.....but right now, its all about the short squeeze.
I personally think this will hit .01 tomorrow or wednesday...jmo
Posted by ohio_trader on :
quote:Originally posted by megahead34: Ripler, this isn't going up simply cuz its a company who is mining gold and will report huge revenues. Its all about the short squeeze baby...lol.
But im with you in the sense that if this whole shares sold short thing never happened, it would be highly unlikely this would hit .01 due to the fact that it begun mining. Maybe in the long run.....but right now, its all about the short squeeze.
I personally think this will hit .01 tomorrow or wednesday...jmo
----------------------------------- Exactly........ most companies are way overvalued anyway.........
its all about the short squeeze baby and the broker screwups
so lets rock!!!!!!!!!!!
Posted by Ripler on :
oh for sure I agree with you guys...i see you understand my position BUT...
haha im still skeptical..have to wait and see.
Posted by doling2005 on :
This stock will open at .005 and go up from there...it is being talked about by everyone from the Street.com to message boards. People are cautious at first but now they realize what is happening IMO GLTA Once in a life time squeeze like PAIV....you only live twice:)
Posted by ohio_trader on :
im riding free so willing to take on the risk for a 50 bagger
****the longer people hold >>the higher it will go****IMO
pick your exit point(s) and stick to them
GLTA
Posted by Ripler on :
volume is extremly high..
Posted by ohio_trader on :
FLIPPER ALERT
side note....we all wanna flip this baby till we can't see straight, but if continues its' spike up it becomes very hard and risky to do
Posted by kermit42 on :
I got in at .0028 and I'm hoping to sell 40% in the low .006's so I can relax and let the rest do what the fates will have them.
Ohio-Trader--I don't follow the Bucks as closely as I'd like (they get on national TV 5 or 6 times a year so I still get to see a fair bit of them). You think they have a real shot with their young defense?
Posted by chevon2020 on :
does anyone have any idea how high this will go really? I'm thinking about getting in now, I wish I would have just bought at .0001 when I was thinking about it. Anyway PAIV is tanking so I'm thinking this will go down pretty soon as well. What do you all think?
Posted by doling2005 on :
Repost from Cationupahead on RB
Sandbath-I'm no expert or lawyer, but first I would say that if all the brokerages went into collusion with each other and manipulated a stock like that, not only would we have one hell of a class action lawsuit, in which we would probably make even more than what we'll make now and hence they will lose more and get severly fined by the SEC, but also PAIM the company could sue the #### out of them. On top of that, all the brokerages and MMs aren't in the same position as say Ameritrade seems to be, and they know what we know, and probably even more, so those MMs will be trying to accumulate themselves, knowing full well that Ameritrade and others have to cover and they'll be able to sell their shares for a lot more very soon. The only way for any of the MMs or brokerages to get our shares at this point is to entice us, and that means moving up the bid enough that some people will take the bait and sell, but at the same time the ask will move up, probably with a big spread, because they don't really want you to buy, they really just want you to sell. And at the same time, all of us retail investors see the focked position the MMs and brokerages are in, so we will buy all the shares we can get, because we just saw what this situation did for PAIV. They can try to stall the situation, which I believe is what happened today, but as the situation here becomes more and more clear to alot of investors, the buying pressure will be greater and greater, which will force the MMs and brokerages to cover, because it's alot better to cover now or at $0.01-$0.03, than at $0.10, $0.15, $0.20. And right now, PAIM is expecting their 27 billion shares they already paid for, so there is the pressure on that side to cover. This looks like a gold play in more than one way, LOL.
Posted by J_U_ICE on :
PAIM info: Posted by: FASTIMES
Here is an interesting story i heard from three different mm's today. 2 are rumoured to have large short pos. in the stock and one is a very very active mm in the micro cap mkts but mostly caters to ceo's and promoters. The company purchased 90% of the float at the 0.000x level in addition to calling back all convertible notes. Presume that a lg chinese govt regulated commodities broker provided the funds. Stock was shorted notoriously and even included a bashing campaign using notorious bashers, go back to early to late spring on various financial boards and you will see evidence of this including some infamous websites that would dig up past info and put a negative spin on that info. Back to the main issue...shorts are in talks with paim managment including those that "helped" PAIM. Not to mention PAIM is selling some stock, their approx profits are in the 100 - 128 $mill. In addition the chinese love to see american mm's "squirm as was the case in late fall of 05 when chinese ibanks went long U.S grain while U.S houses went short, a short while later Chinese officials visited the USA to strengthen cargo and shipping ties btw the 2 nations. During that visit the chinese sighned a deal to purchase for export a lg amount of U.S wheat...watch prices of wheat based products rise in the near term, not to mention that extreme weather the usa has had of late. the chinese are not always so sneaky though, recently a chinese commodities house went short on silver and lost billions, no problem though the chinese govt stepped in covering the debt and squashing the laughter. May have left some info out but i dont own or ever owned or researched this stock. Hope the chinese stick it to these shorters and shed more light on the corrupt dealings of the U.S DTC.
Posted by Ripler on :
"food for thought"
Posted by doling2005 on :
Juice do you ever sleep? You are a great resource on this Allstocks board!!
Posted by J_U_ICE on :
quote:Originally posted by doling2005: Juice do you ever sleep? You are a great resource on this Allstocks board!!
It sure doesn't seem like I sleep. I'm just a little addicted.
Thanks I'm glad to help out.
Posted by megahead34 on :
Juice, how do you think PAIM will play out tomorrow?
Posted by doling2005 on :
I just worry that you might be doing so much work you're not making any money! I hope that's not the case Posted by J_U_ICE on :
quote:Originally posted by doling2005: I just worry that you might be doing so much work you're not making any money! I hope that's not the case
I maybe addicted but I'm not stupid I do just fine. I'm more than happy to help out but I take care of myself first.
Posted by Ripler on :
Goodluck to all of you in PAIM tomorrow.. Im working on 3 houses tomorrow that all need to be painted..windows, doors, trim, siding.. its going to be a long day so I cant look into PAIM..
anyways..hopefully at least .006 by eod tmrw.
gnight junkies Posted by J_U_ICE on :
quote:Originally posted by megahead34: Juice, how do you think PAIM will play out tomorrow?
Not big on predicting just like to sit back and enjoy. I like where we are but don't get overly greedy make sure your get profits.
Posted by J_U_ICE on :
quote:Originally posted by doling2005: I just worry that you might be doing so much work you're not making any money! I hope that's not the case
I enjoy it also so it not like work. it's a very lucrative hobby Posted by Batman on :
That's a great way to put it, " A very Lucrative Hobby"
I love that LOL
Posted by J_U_ICE on :
Posted by: kewlman Date:7/25/2006 12:01:45 AM
Paim Must Read!!! Paim going to be so freakin huge!
Paim huge company, massive share shortage plus revenues going to tip the scale soon! Pearl Asian Mining Industries Inc. (OTC: PAIM) is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Utilizing a Debt-Free Financial Statement, and world-class mining expertise, Pearl Asian is recognized for its leadership in the mining industry.
Pearl Asian Mining Industries Inc. currently owns 100% of the 12 mining claims in the Namaimo Area of Vancouver Island, British, Columbia, Canada. PAIM owns 100% of the Exclusive Operation Mining Agreement (EOMP) with the Pearl Asian Mining- Philippines Corporation, 100% owner of the Small Scale Mining Permit (SSMP) on the 20 hectares of the XYZ Gold Mine Site; with pending approval of its Minerals Production Sharing Agreement (MPSA) Certification on over 8000 hectares of the XYZ Gold Mine Site. MPSA is the equivalent to the Mining Claims in US & Canada.
Pearl Asian's mission is to partner with the Philippine Government in order to acquire abandoned mines with known and proven gold reserves left for centuries. In addition, Pearl Asian is involved in providing products and services targeting the small scale miners in order to create orderly and sustainable gold and mineral productions that promote the growth of this newly-born, Mining Revival Industry Sector of the Philippines. This Small Scale Mining is a Community Livelihood Economic Base that covers 1% of the total Philippines Gold Mines and substantial amount of Gold productions output.
Posted by doling2005 on :
quote:Originally posted by J_U_ICE: Posted by: kewlman Date:7/25/2006 12:01:45 AM
Paim Must Read!!! Paim going to be so freakin huge!
Paim huge company, massive share shortage plus revenues going to tip the scale soon! Pearl Asian Mining Industries Inc. (OTC: PAIM) is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Utilizing a Debt-Free Financial Statement, and world-class mining expertise, Pearl Asian is recognized for its leadership in the mining industry.
Pearl Asian Mining Industries Inc. currently owns 100% of the 12 mining claims in the Namaimo Area of Vancouver Island, British, Columbia, Canada. PAIM owns 100% of the Exclusive Operation Mining Agreement (EOMP) with the Pearl Asian Mining- Philippines Corporation, 100% owner of the Small Scale Mining Permit (SSMP) on the 20 hectares of the XYZ Gold Mine Site; with pending approval of its Minerals Production Sharing Agreement (MPSA) Certification on over 8000 hectares of the XYZ Gold Mine Site. MPSA is the equivalent to the Mining Claims in US & Canada.
Pearl Asian's mission is to partner with the Philippine Government in order to acquire abandoned mines with known and proven gold reserves left for centuries. In addition, Pearl Asian is involved in providing products and services targeting the small scale miners in order to create orderly and sustainable gold and mineral productions that promote the growth of this newly-born, Mining Revival Industry Sector of the Philippines. This Small Scale Mining is a Community Livelihood Economic Base that covers 1% of the total Philippines Gold Mines and substantial amount of Gold productions output.
Good way to put it... take care of #1 first..lets make some dough Posted by J_U_ICE on :
doling2005 you will be happy to know I'm going to bed to get some rest. I'll catch up with you in the AM. Good Luck
Posted by doling2005 on :
ok time to get up Posted by positivearn on :
Looks like we're heading north!
Posted by ohio_trader on :
the gapper is starting bid .005 ask.0055
Yeah Baby !!!!!!!!!!!!!!!
Posted by Ripler on :
good morning fellas...heh im gonna sell half at .006
Posted by Hustla on :
quote:Originally posted by Ripler: good morning fellas...heh im gonna sell half at .006
Cut out the mind games. Unless we're at your bloody PC we don't know that. Got it???
Posted by doling2005 on :
good luck to ya Rip
Posted by Ripler on :
mind games?
someone didnt take their pill this morning
thanks dollin
Posted by doling2005 on :
quote:Originally posted by J_U_ICE: Posted by: kewlman Date:7/25/2006 12:01:45 AM
Paim Must Read!!! Paim going to be so freakin huge!
Paim huge company, massive share shortage plus revenues going to tip the scale soon! Pearl Asian Mining Industries Inc. (OTC: PAIM) is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Utilizing a Debt-Free Financial Statement, and world-class mining expertise, Pearl Asian is recognized for its leadership in the mining industry.
Pearl Asian Mining Industries Inc. currently owns 100% of the 12 mining claims in the Namaimo Area of Vancouver Island, British, Columbia, Canada. PAIM owns 100% of the Exclusive Operation Mining Agreement (EOMP) with the Pearl Asian Mining- Philippines Corporation, 100% owner of the Small Scale Mining Permit (SSMP) on the 20 hectares of the XYZ Gold Mine Site; with pending approval of its Minerals Production Sharing Agreement (MPSA) Certification on over 8000 hectares of the XYZ Gold Mine Site. MPSA is the equivalent to the Mining Claims in US & Canada.
Pearl Asian's mission is to partner with the Philippine Government in order to acquire abandoned mines with known and proven gold reserves left for centuries. In addition, Pearl Asian is involved in providing products and services targeting the small scale miners in order to create orderly and sustainable gold and mineral productions that promote the growth of this newly-born, Mining Revival Industry Sector of the Philippines. This Small Scale Mining is a Community Livelihood Economic Base that covers 1% of the total Philippines Gold Mines and substantial amount of Gold productions output.
Posted by rimasco on :
Broke the wall from the other day........
Posted by megahead34 on :
Rip, you sure you want to sell at .006?
Posted by doling2005 on :
We busted right through it Posted by Ripler on :
quote:Originally posted by megahead34: Rip, you sure you want to sell at .006?
no not really..haha but im not selling everything
just incase
Posted by tonicma on :
VERY nice, you can tell it is short squeeze. I say 1 cent today if not more. Will likely run all week.
Posted by rimasco on :
Stocks starting to thin out..people are giving alot less on the offer.....see the patern? (PAIV)
Posted by NEL on :
i've got my sells set for .0086, .015 and .03 hope I don't sell everything today!
Posted by doling2005 on :
006 is getting knocked off fast.. only 2 mm's left on it
Posted by megahead34 on :
how did the previous close number change on ST?
Posted by J_U_ICE on :
Pearl Asian Mining Industries ''Operation Cagayan De Oro - CDO'' Estimated An Initial Resource of 100,000 Metric Tons Of Gold Ore With An Average Grade Of Over 16 grams/ton of Au (Gold) From The Small Scale Pilot Mining Operation
Tuesday , July 25, 2006 09:45 ET
MANILA, Philippines, Jul 25, 2006 (BUSINESS WIRE) -- Chief Mining Officer Cesar Rosales of Pearl Asian Mining (OTC:PAIM) reports: According to the assessment of Chief Geologist Reggie Selvano, he estimated an initial resource from this small scale operation of 100,000 metric tons of gold ore with an average grade of 16 grams/ton of gold (Au), using the 18 tons per day operation, 24 days per month at a very conservative figure of 90% Capacity with a 30% Overhead Cost per production.
PRODUCTION ANALYSIS OF INITIAL SMALL SCALE PILOT OPERATIONS:
Average Gold Assay: = 16 grams / ton = 0.51 Ounces per ton (OPT) (Note: 31.10 grams = 1 ounce)
Estimated Plant Equipment Efficiency Production: (18 tpd ) (100 tpd) --------- --------- (use value of 90%) = 18 tons per day X .90= 16.20 TPD 90.00 TPD
0.51 OPT X 16.20 TPD = 8.26 Ounce per day (OPD) 45.90 OPD 8.26 OPD X 24 days = 198.24 Ounces per per month month (OPM) 1101.60 OPM
Estimated Price per Ounce = $600 per ounce 198.24 OPM X $600 = $118,944.00 / Month $660,960.00 / Month
Gross Production Amount Per Year : $118,944 X 12 months = $1,427,328 / Year $7,931,520.00 / Year
Net Profit After Cost = $999,129.60 / Year $5,552,064 / Year ------------------ ----------------- Consider a 30% ($1,427,328 X .30= ($7,931,520 X.30= Overhead $428,198.40) $2,379,456.00)
There are stockpiles currently derived from the exposed veins which are going to be the sources of gold ores that can give the immediate good income of the company once processed and in full production in August, 2006, even from this small scale production of 18 tons per day operation.
Please note that this is a very conservative figure of just 18 tons per day capacity of the gold processing equipment to be used, with the mid average of gold reserves at 16 grams /ton, priced * $600 per ounce. As production becomes profitable, it will be easy to exponentially expand production output, using the inexpensive methods currently being employed.
This does not include potential income from refining the gold concentrates of local miners through Pearl Asian's controlled subsidiary, Philippines Gold Mining Corp. (PGMC), as Pearl Asian Mining Industries has envisaged to operate on a full capacity of up to 100 tons per day within the next 6 months of continues production.
FORWARD-LOOKING STATEMENTS:
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries Inc. - Philippines
Pearl Asian Mining Industries Inc. Investor Relations Gary Gotanco, 678-570-6538 (US) or 1-310-728-6907 or 011 +63.2.490.0140 (Philippines) IR*PearlAsianMining.com Fax: (877) 317-4430 www.PearlAsianMining.com
Copyright Business Wire 2006
Posted by yayplaya on :
.006 is getting hit like crazy..ask has gotta move to .0065 very soon
Posted by rimasco on :
up on low volume for this thing
Posted by yayplaya on :
only 1 more mm at .006....take that bback...we at ask .0065, bid is .006
Posted by Batman on :
2 MM's till .65
Posted by Ripler on :
well .006 filled..lets see how far this will go
Posted by tonicma on :
MM moving in 0.005's now, feel the urgency to buy buy buy. LOL
Posted by doling2005 on :
Thanks for posting the news Juice
Posted by Batman on :
Pearl Asian Mining Industries ''Operation Cagayan De Oro - CDO'' Estimated An Initial Resource of 100,000 Metric Tons O Business Editors / Mining Editors
MANILA, Philippines--(BUSINESS WIRE)--July 25, 2006-- Chief Mining Officer Cesar Rosales of Pearl Asian Mining (OTC:PAIM) reports: According to the assessment of Chief Geologist Reggie Selvano, he estimated an initial resource from this small scale operation of 100,000 metric tons of gold ore with an average grade of 16 grams/ton of gold (Au), using the 18 tons per day operation, 24 days per month at a very conservative figure of 90% Capacity with a 30% Overhead Cost per production. -0- PRODUCTION ANALYSIS OF INITIAL SMALL SCALE PILOT OPERATIONS: Average Gold Assay: = 16 grams / ton = 0.51 Ounces per ton (OPT) (Note: 31.10 grams = 1 ounce)Estimated Plant Equipment Efficiency Production: (18 tpd ) (100 tpd) --------- --------- (use value of 90%) = 18 tons per day X .90= 16.20 TPD 90.00 TPD 0.51 OPT X 16.20 TPD = 8.26 Ounce per day (OPD) 45.90 OPD8.26 OPD X 24 days = 198.24 Ounces per per month month (OPM) 1101.60 OPMEstimated Price per Ounce = $600 per ounce198.24 OPM X $600 = $118,944.00 / Month $660,960.00 / MonthGross Production Amount Per Year :$118,944 X 12 months = $1,427,328 / Year $7,931,520.00 / YearNet Profit After Cost = $999,129.60 / Year $5,552,064 / Year ------------------ ----------------- Consider a 30% ($1,427,328 X .30= ($7,931,520 X.30=Overhead $428,198.40) $2,379,456.00)
There are stockpiles currently derived from the exposed veins which are going to be the sources of gold ores that can give the immediate good income of the company once processed and in full production in August, 2006, even from this small scale production of 18 tons per day operation.
Please note that this is a very conservative figure of just 18 tons per day capacity of the gold processing equipment to be used, with the mid average of gold reserves at 16 grams /ton, priced * $600 per ounce. As production becomes profitable, it will be easy to exponentially expand production output, using the inexpensive methods currently being employed.
This does not include potential income from refining the gold concentrates of local miners through Pearl Asian's controlled subsidiary, Philippines Gold Mining Corp. (PGMC), as Pearl Asian Mining Industries has envisaged to operate on a full capacity of up to 100 tons per day within the next 6 months of continues production.
FORWARD-LOOKING STATEMENTS:
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
KEYWORD: ASIA PACIFIC PHILIPPINES INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS SOURCE: Pearl Asian Mining Industries Inc. - Philippines
CONTACT INFORMATION: Pearl Asian Mining Industries Inc. Investor Relations Gary Gotanco, 678-570-6538 (US) or 1-310-728-6907 or 011 +63.2.490.0140 (Philippines) IR*PearlAsianMining.com Fax: (877) 317-4430 http://www.PearlAsianMining.com Posted by yayplaya on :
shoot, hdsn backed down to .006...just ASK and they will come....
Posted by megahead34 on :
Anyone else notice the previous close value dropped down?
Posted by tonicma on :
HDSN won't last too long at that bid, tryign to get as much as possible before inevitable.
Posted by Hustla on :
They'll shake it some more before it explodes. I say back to .005
Posted by yayplaya on :
look at his # of shares...way above the rest..i know that usually doesnt mean much though..they just make that up
Posted by Stockguru06 on :
bought this one today also and guys also take a look at WWen,it will be the next fhal...
Posted by tonicma on :
Remember, we already traded 4 billion shares in the past 3 days. o/s is ONLY 3 billion.
So now we are just trading the float all over again.
Posted by Hustla on :
Tonicma you money makin SOB good to see you. LOL
Posted by tonicma on :
Hustla, Tonicma is my name money making is my game. LOL
Posted by bobcat88 on :
quote:Originally posted by bobcat88: They dont have to mine, they just use a wheel barrel and walk along and pick up the gold nuggets. The machinery is just to turn it into gold bullions.
"There are stockpiles currently derived from the exposed veins which are going to be the sources of gold ores that can give the immediate good income of the company once processed and in full production in August, 2006, even from this small scale production of 18 tons per day operation."
Break that wheelbarrel back out!
Posted by Hustla on :
Hey folks in addition to WWEN and PAIM keep an eye on IPRE it seems to be pickin up steam
Posted by yayplaya on :
they shakin us down to the .0048's...
Posted by megahead34 on :
this is looking alot like yesterday. I'm not going to try to flip. I see green today Posted by yayplaya on :
the bid/ask spread is a joke.... .0046/.0055 thats a 25% difference
Posted by megahead34 on :
The wide margin for Bid/Ask is a good thing. Remember this post from last night:
quote:Originally posted by doling2005: Repost from Cationupahead on RB
Sandbath-I'm no expert or lawyer, but first I would say that if all the brokerages went into collusion with each other and manipulated a stock like that, not only would we have one hell of a class action lawsuit, in which we would probably make even more than what we'll make now and hence they will lose more and get severly fined by the SEC, but also PAIM the company could sue the #### out of them. On top of that, all the brokerages and MMs aren't in the same position as say Ameritrade seems to be, and they know what we know, and probably even more, so those MMs will be trying to accumulate themselves, knowing full well that Ameritrade and others have to cover and they'll be able to sell their shares for a lot more very soon. The only way for any of the MMs or brokerages to get our shares at this point is to entice us, and that means moving up the bid enough that some people will take the bait and sell, but at the same time the ask will move up, probably with a big spread, because they don't really want you to buy, they really just want you to sell. And at the same time, all of us retail investors see the focked position the MMs and brokerages are in, so we will buy all the shares we can get, because we just saw what this situation did for PAIV. They can try to stall the situation, which I believe is what happened today, but as the situation here becomes more and more clear to alot of investors, the buying pressure will be greater and greater, which will force the MMs and brokerages to cover, because it's alot better to cover now or at $0.01-$0.03, than at $0.10, $0.15, $0.20. And right now, PAIM is expecting their 27 billion shares they already paid for, so there is the pressure on that side to cover. This looks like a gold play in more than one way, LOL.
Posted by kittykash on :
well peoples, as with Duncan, my order to buy yesterday was not taken by TD A and they sent this to me : Pearl Asian Mining (PAIM) has initiated a buyback (approximately 90%) of outstanding common shares. While TD AMERITRADE verifies the terms of the buyback and updates positions accordingly, opening and closing transactions for PAIM have been restricted.
Inquiries regarding the status of the company should be directed to the investor relations department of Pearl Asian Mining.
Have a great day!
Have a great day....hmmm, but I did make some bucks with a 4,200% gain, shouldn't complain. So I'm out for now with common shares, I went with xkem and xsnx. I wish you all luck!
Posted by doling2005 on :
closing positions??? Anyone with AT try to sell today?
Posted by Igor R on :
Whats everyone see for the rest of the day, based on l2s? I have a partial sell in for .0065 to buy some wwen, anyone think it will hit? So far it doesn't look like it.
Posted by Hitman on :
If you call and talk to a broker at TDAMTD you can buy paim..... you tell them that you are not gettin your trades in on the internet and will they buy for you at the internet price.... Idid for 250000 shares Friday and then called bk when i bought and got brokers to but a .03 sell order that afternoon..... no problem Dont speak to the ones answering the phone there.... request a broker
Posted by unreal33 on :
Hey guys, quick question - who can help bring me up to speed on what my Ameritrade account SHOULD look like? I originaly bought 1 mil shares back a few months * .0001 - as of right now, my PAIM shares are listed as quantity 100,000 - I also (post buy back) have 1,000,000,000 of symbol "N/A" - and now I'm noticing at the very bottom (below the Bonds section) I have listed "PEARL ASIAN MINING INDUSTRIES CONTRA DO NOT SELL" with a qty of ".9"
Whats with this Qty .9? anyone else with TDA in the same boat?
Posted by BuckyBarnes on :
Kitty, I got a similar explanation from Scottrade back around 7/11/2006 when they had placed a restriction on my account (see earlier posts) when I started to inquire about removing the restriction as I had purchased my position after the June 15 cutoff date for the buyback. It took several phone calls, but I did get Scottrade to remove the restriction in my case. As you have specifics related to your account may be different from mine, perhaps this might give encouragement... and keeping calling the Ameritrade and if necessary keep escalating to a higher level of management until you believe your getting a satisfactory answer(s) and resolution actions to the hold being removed. Hope this helps. Good Luck
quote:Originally posted by kittykash: well peoples, as with Duncan, my order to buy yesterday was not taken by TD A and they sent this to me : Pearl Asian Mining (PAIM) has initiated a buyback (approximately 90%) of outstanding common shares. While TD AMERITRADE verifies the terms of the buyback and updates positions accordingly, opening and closing transactions for PAIM have been restricted.
Inquiries regarding the status of the company should be directed to the investor relations department of Pearl Asian Mining.
Have a great day!
Have a great day....hmmm, but I did make some bucks with a 4,200% gain, shouldn't complain. So I'm out for now with common shares, I went with xkem and xsnx. I wish you all luck!
Posted by doling2005 on :
I placed a sell order for some to see if they would take it and they did so, AT is letting people sell but not buy because AT will have to pay a pretty penny to cover this thing...
Posted by BuckyBarnes on :
Kitty, I got a similar explanation from Scottrade back around 7/11/2006 when they had placed a restriction on my account (see earlier posts) when I started to inquire about removing the restriction as I had purchased my position after the June 15 cutoff date for the buyback. It took several phone calls, but I did get Scottrade to remove the restriction in my case. As you have specifics related to your account may be different from mine, perhaps this might give encouragement... and keeping calling the Ameritrade and if necessary keep escalating to a higher level of management until you believe your getting a satisfactory answer(s) and resolution actions to the hold being removed. Hope this helps. Good Luck
quote:Originally posted by kittykash: well peoples, as with Duncan, my order to buy yesterday was not taken by TD A and they sent this to me : Pearl Asian Mining (PAIM) has initiated a buyback (approximately 90%) of outstanding common shares. While TD AMERITRADE verifies the terms of the buyback and updates positions accordingly, opening and closing transactions for PAIM have been restricted.
Inquiries regarding the status of the company should be directed to the investor relations department of Pearl Asian Mining.
Have a great day!
Have a great day....hmmm, but I did make some bucks with a 4,200% gain, shouldn't complain. So I'm out for now with common shares, I went with xkem and xsnx. I wish you all luck!
Posted by Hannibull on :
wait, that doesnt mean that those who bought shares yesterday now have restricted shares right? I bought mine at 0.0037 yesterday (TD Ameritrade)
Posted by BuckyBarnes on :
Sorry for the double post....my computer hiccupped......................... And BTW ...can we get NITE to take a vacation and stop slowing the march of this stocks climb......
Posted by Jo4321 on :
Kitty,
Were you originally able to put the buy order in and then later they sent you that message? Cause I put a GTC order in and I didn't get a message at the time of placement.
Thx, Jo
Posted by bobcat88 on :
Just recieved email from O T C picks dot com, they are pumping this now.
Posted by doling2005 on :
Great..everyday they are trying to control our gains here
Posted by megahead34 on :
having O T C picks pump this, is that a good thing?
Posted by doling2005 on :
one left at .005
Posted by megahead34 on :
very nice volume so far.
Posted by bobcat88 on :
quote:Originally posted by megahead34: having O T C picks pump this, is that a good thing?
O T C Picks emails are like my own personal joke of the day.
Posted by vinnie1 on :
looks like a shake down
Posted by yayplaya on :
******** are horrible...take a look at the website and check out the charts for their picks...extremely rare for a stock to go up after they publicize it...startin to think i should have sold at .006....nah im waitin for at least .01
Posted by Raytrader on :
wont be a shake down till we see red
Posted by yayplaya on :
well we've hit the low of the day, basically what the stock closed at yesterday
Posted by Lionking on :
Hello Friends,
What is this going on?
I am confused with all this discussion.
Should we hold it?
Do you see 0.01 coming?
My believe is it will reach min. 0.01 for sure.
Let me know.
Posted by stocks1984 on :
quote:Originally posted by Lionking: Hello Friends,
What is this going on?
I am confused with all this discussion.
Should we hold it?
Do you see 0.01 coming?
My believe is it will reach min. 0.01 for sure.
Let me know.
simba my son!
Posted by yayplaya on :
I think .01 should beome a reality before end of week...think we should get out this lunchtime rut and back to the .006's soon enought and Im hoping for a close around .007 today
Posted by Hitman on :
The shares of PAIM that you buy now are NOT restricted..... all of that stuff is over and they will do no more stricting of shares.... so buy away
Posted by Hannibull on :
thanks for clearing that up hitman
Posted by Hitman on :
Fyi... I was able to sell 220000 shares on scottrade today..... all of none sale..... will buy back if it goes down..... Also own 250000 shares in TDAMRD that I purhased friday
Posted by yayplaya on :
there we go, moving up again bid .005, ask .0055
Posted by 4Tune4Me on :
Goin' North, folks...and I had no problems buying this a.m. from TD AM.
Posted by kermit42 on :
So for a while we're at 48X50, with most trades at 50. Then the ask jumps to 55 and then the bid follows, jumping to 50. Then there's a trade at 50.
So we're expected to believe that someone held out when the ask was at 50, refusing to sell at the ask. But then when the price heads north, suddenly they have a change of heart and sell not at the ask, not in the spread, but at the bid.
It's like they're calling us stupid.
(edited to fix some dyslexia)
[ July 25, 2006, 13:31: Message edited by: kermit42 ]
Posted by yayplaya on :
this stock is frustrating, it seems like the ask is always bein hit like crazy and instead of it movin up , they lower the ask...
Posted by Hannibull on :
some people here claim that a few brokers are not allowing the purchasing of PAIM, does anyone know if the same happened with PAIV a couple months ago?
Posted by yayplaya on :
yes it did...from what i've read, some restricted shares were sold which should not have been and the brokers are in error so they have to repurchase those shares and drove value up...same situation with PAIM...but the restriction seems to be kinda sporadic because i've heard a lot of mixed things from different people on this board and from my personal experience, I bought my shares last week thursday just fine through TDA, i put an order in to buy more yesterday and it said i could not open transaction on this security...i tried again today and the order was accepted, it hasnt filled but its because im tryin to get in at .0046 and i dont think it will get that low again.
Posted by doling2005 on :
Scroll toward the bottom to see the Streets comparison of paiv/paim put out on Saturday.
so does anyone know what is the prgress of the brokerages buying back the shares to give to PAIM? I mean are they trying to buy them off the market right now or are they waiting for a certain date of some kind? With PAIV, the stock has dropped back down to about .08-.10 so I'm assuming the shortage was already repurchased by the brokerages...
Posted by megahead34 on :
Excellent question! I've been thinking the same thing myself. Is there any experianced trader here that can enlight us? Thanks
Posted by Stockguru06 on :
is it possible they are printing shares right now? take a look at wwen guys,interesting play for the next days
Posted by megahead34 on :
The reason PAIV is down is because everyone is selling to get their massive profits. Remember that PAIV was around PAIM level not too long ago. I don't think the buying back is completed. Right now, MMs are trying to get in the action. This will soon rocket high like PAIV into penny land.
Posted by yayplaya on :
that articles written 3 posts up was written on july 20th so im assuming the buying back should have started (if the brokerages are smart). tonic seems to be up on the whole situation pretty well, plus he's made a fortune on both, so he must know something we dont..
Posted by yahosef_777 on :
BLOCK TRADE 2.5 MILLION SHARES...OOH LA LA LETS GO DANCING
Posted by megahead34 on :
What do you mean by printing shares right now? WWEN is totally rocking...wow.
Posted by kermit42 on :
megahead34: I disagree with your assessment of PAIV. The volume is far too low for the price drop to be related to buying and selling, profit taking and flipping. It's most (or all) MM games.
Look at how the bid/ask jump around in relation to the last transaction--utter nonsense.
Of course, I got in at .187 and am red so I'm a little biased. But I also think I'm right.
Posted by 4Tune4Me on :
It's mmanipanation, folks....their shaken big time to collect share to cover the shorts. Spread is rediculous....Bid at .0048 ask .0055
Posted by 4Tune4Me on :
Posted by 4Tune4Me on :
Posted by 4Tune4Me on :
Posted by 4Tune4Me on :
{DP} What did I break now?
Posted by doling2005 on :
tripple post but you're right..
Posted by megahead34 on :
Big time shake!
Posted by yayplaya on :
this is ridiculous..
Posted by Stockguru06 on :
do you guys think this will go up?
Posted by megahead34 on :
This is just like yesterday. I assume will we have an EOD run to close at .0055.
Posted by rimasco on :
they love shakin the tree on this thing
Posted by Hustla on :
I just got back into PAIM today, after making a killing on WWEN. Daytraders are pulling out from that. But I do see paim heading up at EOD. It hit bottom at .0045.
Posted by Hustla on :
Didn't even finish my post and already its heading back up. Load up for tomorrow, after todays volume, gap up will be huge. EOD run here we go!!!!!
Posted by 4Tune4Me on :
Shakin' on 5K at .0038...lame.
Posted by yayplaya on :
End of day tank instead of run today unfortunatly...
Posted by 4Tune4Me on :
It ain't over yet.
Posted by rimasco on :
nice block at 45
Posted by yayplaya on :
we're closing under .004
Posted by 4Tune4Me on :
It wouldn't suprise me if we closed at .004 or .0045...numbers are all over the place...bid/ask make no sense.
Posted by bobcat88 on :
close at .003? tommorrow gap again?
Posted by ruthie on :
Hope tomorrow is a better day with this stock..
Posted by tonicma on :
man, saw how they shaked it at the end. Loving it, watch this go up more. Nice litle shake MM did.
Know why it is a shake. ONLY one MM etrud was along on the bid, everybody else was at 0.0045 ask.
Also, the spread wsas insane.
Posted by doling2005 on :
well, my free shares aren't lookin so hot but usually with panic selling at the eod there is a rebound the next morning..we'll see glta
Posted by 4Tune4Me on :
Thanks for confirming, tonicma...
Posted by Ripler on :
haha well I sold half of my shares at .006 today.. looks like a wise move now..
still..I HOPE it will go over .01
Posted by megahead34 on :
Yea, looks like MM has this tight. Do you guys think it will continue to decrease a lil bit for the next few days? That way MMs can accumulate more shares. I want to know whether i should sell or not.
Posted by megahead34 on :
Yea, good move Ripler....i should have done the same hehe
Posted by rimasco on :
40 MIll just went off at 0045
HMMMMMMMMMMMMMMMMMMMMMMMMMMM!!!!????
Posted by 4Tune4Me on :
Check last sale...we're at .0045...it's autogap.
Posted by Bigrod40 on :
Well been away for a week or so,and noticed that my deferred shares have gone from 7,000,000 to 7000. Can someone explain what happened? Its like R/S my preferred 1000-1.
Posted by 4Tune4Me on :
Now, who is paying thru the nose...hmmm
Posted by 4Tune4Me on :
and....50K at .0036..gappagestoppage
Posted by kermit42 on :
The OTCBB short interest numbers are out and PAIM doesn't have a short problem (9,552,004 shares on average share volume of 250,809,572).
im confused, whats going on? Rimasco, how do you know where at .0045 now? I thought there are no after hours. Look at Bid/Ask now, strange.
Posted by kermit42 on :
They did confirm that PAIV has a monstrous short problem.
Posted by kermit42 on :
This makes me feel better (stolen from IHUB, but originally stolen from RB)
By: cautionupahead 25 Jul 2006, 05:40 PM EDT Msg. 2834 of 2836 Jump to msg. # That short list will not cover what happened with the brokerages at this point in time because the new amount of OS has not been recorded with the TA, because PAIM has yet to recieve the 27 billion shares. So at this time those sells just look like regular sells, until PAIM can officially change the share count with the TA.IMO
Posted by megahead34 on :
What does that mean? I'm so confused now.
Posted by 4Tune4Me on :
mega, the 37.2M at .0045 happened at 4:15...doesn't change EOD but it will affect a.m. opening. Unfortunately, they snuck in a .0036 at 50K aftewards which means open remains at .0036.
Posted by 4Tune4Me on :
Seems to me when the sharecount has been officially changed with the TA the price should go up substantially...not just rising on anticipation of same that started around the 12th but based on actuals. Basically, it's reverse dilution...which should mean a steady rise in pps...IMO...
Posted by JerZeyDeViL on :
Wow...another wacky trading day! One thing that will always urk me...even when the spread is something crazy like .0036-.0045, the ask still gets hit which shows alot of strength. Yet people will turn around and sell at .0035 right after that?? Either it's complete manipulation or people are outright stupid! This could very easily have already been at a penny if it wasn't for all this B.S. Let's hope it stops soon!
Posted by kermit42 on :
mega: if by confused, you mean by my posting, sorry. I posted while I was still confused myself. I panicked because the new otcbb shorts list was out and it showed PAIM having very few shorts. And since I knew this run was based on shorting, and there was a crash at the end of the day, I hastily concluded that the shorting problem was exaggerated and we will quickly see our profits disappear.
BUT (thank god for buts!), as cooler heads pointed out, technically, PAIM is not yet short. What has happened is that Pearl bought back 90% of the float. That 90% hasn't been delivered yet but it's supposed to have already been secured by brokers. Meanwhile, the brokers who were supposed to buy it back for Pearl shorted it--so they don't have them yet even though they are committed to.
So PAIM won't officially be short until delivery time, but in real terms, they are short right now because the brokers need to cover by that delivery date. So the shorts don't show up on the list, but exist nonetheless.
Posted by MoneyMoneyMoney on :
This is why we always protect our capital and take a little working cash. The free shares will leave you worri-free until you need it and cash out.
PAIM has been bad and good. Love, hate relationship.
Posted by Ripler on :
quote:Originally posted by MoneyMoneyMoney: This is why we always protect our capital and take a little working cash. The free shares will leave you worri-free until you need it and cash out.
PAIM has been bad and good. Love, hate relationship.
precisely Posted by megahead34 on :
I hope this goes back to .005 tomorrow, i'll feel much better.
Posted by rimasco on :
Mega....their was 40million shares that went off after hours at 0045. The reason I was stating it is because it always makes me suspicious. If you look when i started the PAIV thread 4million shares went off through the offer almost a half penny higher at 01. The only differance in the Paiv situation was it hadnt traded at or above a penny in over a month which made me think something was up.....and look at it now i think that print was sombody making a deal with a MM that was will to let them cover all there stock before the news broke.
In the PAIM situation im not sure if its the same because it traded there intraday and they coulda just been prints that MM's were unable to print at the time
Posted by Bigrod40 on :
IHUBsters are speading the word around the net::::
Everyone start the day off with sell orders of .10. No one sell for anything less.
I like the idea, what have we to lose, I'm in on the idea!!!
Posted by NEL on :
JUST CHANGED MINE TO .10
Posted by RsHnWaTCh on :
Don't sell tomorrow at all and this will fly like an eagle. I got my order set to .04 because scottrade is retarded. That is the max they will let you sell at. My price for selling is at least above .10 This is going to be awesome tomorrow if no one sells. The MM's sure will have to drive this price up. I got an idea, everyone turn off the PC and don't even look, the MM's will try to bring it down to shake the weaks out, but if you don't see the shake, you don't have to worry.....Just go with everyone and sell at .10 and were gonna fly like PAIV!!
Posted by Chad on :
well, we've had a HOD of .0055 Friday, .0048 Monday, and .0065 today. The close may have been MM scare to get shares or panic of thinking this stock isnt shorted??
I think clear heads will prevail and stock should hit a new high by end of Thursday I think. We may not see .01 this week, but it will come soon.
The way this thing is going though, looks like a flipping kinda stock, big fluc's each day.
Think we see .0055 HOD again tomorrow.
Posted by Magic on :
Not a bad idea, I hold 4 million shares and have a sell order in at .04. I'll be out all day doing a security detail tomorrow so won't have to watch this. Its time to grab the MMs by the nuts and hang em out to dry.
Posted by unreal33 on :
I'm in -GTC order for .10- That's a Dime, not a penny.
Let's Rock
Posted by BuckyBarnes on :
This idea has basis and is worth the action. My limit order for a portion of my shares is in for as high as Scottrade lets me set it - .40 Remember the saying .. "United we stand..." In any event, I think this company has a good basis for growth and increasing value as their activities move from development and organizing into production of refined product. I believe that it will increase pps in the long run and is worth holding fast on. I am going to continue to ride my free shares position for at least six months or the next 2 quarters and re-evaluate as PR's update progress of production yields and financial results.
quote:Originally posted by Bigrod40: IHUBsters are speading the word around the net::::
Everyone start the day off with sell orders of .10. No one sell for anything less.
I like the idea, what have we to lose, I'm in on the idea!!!
Posted by Ripler on :
where are all the .01+ pumpers
Posted by heynow on :
I put my order in for .10
Posted by imapoorcollegestudent on :
I've got mine in a .10 estimated proceeds look real nice:) LOL
Posted by BuckyBarnes on :
The Street Alert LLC: Alert Wall Street, NYC, Jul 25, 2006 (M2 PRESSWIRE via COMTEX) -- The Street Alert (www.TheStreetAlert.com) has its eyes on the following stocks. (OTCBB: UBDE), (OTCBB: TSSP), (OTC: PAIM), (OTCBB: FHAL), (OTCBB: XSNX), (OTCBB: NEXH). . . . . .(OTC: PAIM) Pearl Asian Mining Industries Inc. is an aggressive gold mining company with a portfolio of gold and silver mining interests in the Philippines and Canada. www.PearlAsianMining.com. CURRENT WEEKS (partial week) TRADING ACTIIVITY (7/24/06 - 7/24/06) 892,647,165 shares with a High of .0048 and a Low of .0035. ..... ..... ..... GLTA today.
Posted by AshyToClassy on :
I got 300K set to sell at .10.
Posted by AshyToClassy on :
Goddamit I got red eye what am I doing up so early. Its still 5 a.m. LA time. I must really like PAIM...LOL
Posted by BuckyBarnes on :
Whoops and apologies....did not include on previous post. . . .Post on Scottrade's Alerts and News page this morning at "7/26/2006 7:17:10 AM ET."
Posted by singledadandhappy on :
Pearl Asian Mining Industries ''Operation Cagayan De Oro - CDO'' Estimated An Initial Resource of 100,000 Metric Tons Of Gold Ore With An Average Grade Of Over 16 grams/ton of Au (Gold) From The Small Scale Pilot Mining Operation
PrintE-mailDisable live quotesRSSDigg itDel.icio.usLast Update: 9:45 AM ET Jul 25, 2006
MANILA, Philippines, Jul 25, 2006 (BUSINESS WIRE) -- Chief Mining Officer Cesar Rosales of Pearl Asian Mining (PAIM : pearl asian mining ind inc w com News , chart, profile, more Last: 0.000.00-19.57%
6:41pm 07/25/2006
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: PAIM0.00, 0.00, -19.6%) reports: According to the assessment of Chief Geologist Reggie Selvano, he estimated an initial resource from this small scale operation of 100,000 metric tons of gold ore with an average grade of 16 grams/ton of gold (Au), using the 18 tons per day operation, 24 days per month at a very conservative figure of 90% Capacity with a 30% Overhead Cost per production. PRODUCTION ANALYSIS OF INITIAL SMALL SCALE PILOT OPERATIONS:
Average Gold Assay: = 16 grams / ton = 0.51 Ounces per ton (OPT) (Note: 31.10 grams = 1 ounce)
Estimated Plant Equipment Efficiency Production: (18 tpd ) (100 tpd) --------- --------- (use value of 90%) = 18 tons per day X .90= 16.20 TPD 90.00 TPD
0.51 OPT X 16.20 TPD = 8.26 Ounce per day (OPD) 45.90 OPD 8.26 OPD X 24 days = 198.24 Ounces per per month month (OPM) 1101.60 OPM
Estimated Price per Ounce = $600 per ounce 198.24 OPM X $600 = $118,944.00 / Month $660,960.00 / Month
Gross Production Amount Per Year : $118,944 X 12 months = $1,427,328 / Year $7,931,520.00 / Year
Net Profit After Cost = $999,129.60 / Year $5,552,064 / Year ------------------ ----------------- Consider a 30% ($1,427,328 X .30= ($7,931,520 X.30= Overhead $428,198.40) $2,379,456.00)
There are stockpiles currently derived from the exposed veins which are going to be the sources of gold ores that can give the immediate good income of the company once processed and in full production in August, 2006, even from this small scale production of 18 tons per day operation. Please note that this is a very conservative figure of just 18 tons per day capacity of the gold processing equipment to be used, with the mid average of gold reserves at 16 grams /ton, priced * $600 per ounce. As production becomes profitable, it will be easy to exponentially expand production output, using the inexpensive methods currently being employed. This does not include potential income from refining the gold concentrates of local miners through Pearl Asian's controlled subsidiary, Philippines Gold Mining Corp. (PGMC), as Pearl Asian Mining Industries has envisaged to operate on a full capacity of up to 100 tons per day within the next 6 months of continues production.
Posted by coalkickin on :
set at .10
Posted by rimasco on :
Here comes some volume
Posted by kermit42 on :
set at .10
What the heck, they make statements all day long. It's nice to feel we can too. Even if we can't.
Posted by heynow on :
SHAKE!!!!!!!!!!!!!!!!BIG SHAKE
Posted by bobcat88 on :
This thing is everywere, MM's takin any ask they can get
Posted by kittykash on :
fates had a hand in this for me. bummer people. Hope it turns around for you guys. Or is ameritr4ade wrong in pps? .0025?
Posted by rimasco on :
good thing "nobody sold"
Posted by bobcat88 on :
Posted by bowlegtroy on :
quote:Originally posted by rimasco: good thing "nobody sold"
LMAO!
Posted by coalkickin on :
Doubled my position at .0026...
Posted by vinnie1 on :
this can turn in a flash
Posted by NEL on :
mine is still set at .10, anyone else?
Posted by heynow on :
Im seeing mostly buys right now....
Posted by singledadandhappy on :
I am also asking 0.10
Posted by heynow on :
MM are messing HARD...I saw 90% buys at .0030 and they just drug it down?
Posted by BuckyBarnes on :
To all: Could the MM's driving the pps down yesterday and today be a function of MM's and trading houses attempting to accumulate shares to cover their positions in returning the 27 billion bought back share to PAIM at their (the MMs and trading houses)lowest possible cost. My recall is this statement from a PR from around 7/12/2006 "However, PAIM has not received any of the 27,000,000,000 common shares subject of the buyback. DTCC should be in the process of sending to PAIM 90% of the common and outstanding shares in exchange for the CDs." .. .. .. Just a thought. An apologies for repeating something if this line of thought as already been discussed.
Posted by Stockguru06 on :
i also think this is MM manipulation
Posted by 4Tune4Me on :
Manipanation, folks...
Posted by Chad on :
Man i wish i had more money, this is an easy double from .0027, and it could easyily happen today. Theres no reason this shouldnt be over .005. It's hit that high 3 days ina row and is still shorted. F the MM's, they aint gtn my shares!
Posted by kermit42 on :
Bucky: your thought sums up the action precisely. Market forces would never (NEVER) create the sort of bid/ask levels we're seeing here.
This is all about discipline. The clock is ticking and they're doing everything they can to get our shares cheap. If we hold, we win. If we break ranks, they win.
Look at today's volume relative to the rest of the run. So far, we're holding.
That said--don't neglect to take profits at your target levels (I passed up a chance to ride free shares yesterday and so am more nervous now than I would like to be.)
Posted by BuckyBarnes on :
Kermit42: TY.....I am on free shares at this point and holding fast. I believe the basis for value is here and it is more than worth the wait...just sitting still, watching, and waiting for the MM's to get out of the way. GLTA.. .. .
quote:Originally posted by kermit42: Bucky: your thought sums up the action precisely. Market forces would never (NEVER) create the sort of bid/ask levels we're seeing here.
This is all about discipline. The clock is ticking and they're doing everything they can to get our shares cheap. If we hold, we win. If we break ranks, they win.
Look at today's volume relative to the rest of the run. So far, we're holding.
That said--don't neglect to take profits at your target levels (I passed up a chance to ride free shares yesterday and so am more nervous now than I would like to be.)
Posted by megahead34 on :
PAIM down, PAIV up. Man, this sucks....MMs always ruin everything. I'm still holding.
Posted by Chad on :
floors me this hit .0065 yesterday and they have dragged it to .0023 already. thats insane! wish i coulda sold up there and rebought today! dang!
Posted by hbomb on :
.0017x.002 bulls**t
Posted by megahead34 on :
Fudge, is there something we don't know?
Posted by rimasco on :
Thats just it....it went to 0065 yesterday and closed red (very bearish). I stayed in dreaming of rainbows and unicorns. I shoulda went with my ulcerated GUT
This is what happens when i break my own rules
Posted by megahead34 on :
10,000 at .002 is $20. Total MM move.
Posted by Stock on :
accumulation is very nice..saw that 32 million buy order at 0.0022 below the ask...thats no noob. i see 10 big buys in a row...a small sell...another row of big buys...its accumulation, it HAS to move the price if all the buys were at 25...at least i think so ( cuz i grabed me a bunch)
Posted by rimasco on :
Get ready for a long drawn out soap opra with a Quintin Tarrintino ending where EVERYBODY DIES!
This is just my opinion...and im sick about it
Posted by kermit42 on :
I just saw a sale go through at .0032 while the bid/ask was 17X20. The ask never came off .002
This is bewildering. And total BS. I'm starting to wonder when (if?) the MM's will go back to pretending that the buy and ask mean something. That market forces mean something. The level of MM fraud here is stunning.
Posted by megahead34 on :
Found this post on HSM from stocklover10: "Just spoke to gary , hes in philipines now , he said they are only 5% done on buying back the shares , they will start doing it next week."
Posted by 4Tune4Me on :
Dire circumstances create dire reactions....mm's covering BIGtime...what's the penalty for f'n up this buyback?
Posted by vinnie1 on :
this is some crazy stizzzzzzzz
Posted by 4Tune4Me on :
So, if buyback is really just starting and not complete...the pulldown is to make whatever number PAIM want's to buyback at AND allow shorts to cover.
Wasn't it PR'd that the buyback was almost complete...almost has never equaled 5% in my world.
Posted by Chad on :
ya Rim, I got screwed...I couldnt sell til today cause of non-settled funds. If I knew then what today would be like, I woulda tried anyway. lol what a dream it coulda been, sell at 6, by back at 2. uuuuuuuuggggggggggghhhhhhh!
Posted by 4Tune4Me on :
521M vol at 11:00.
Posted by BuckyBarnes on :
Where is HSM? Do you have an address that could be posted?
quote:Originally posted by megahead34: Found this post on HSM from stocklover10: "Just spoke to gary , hes in philipines now , he said they are only 5% done on buying back the shares , they will start doing it next week."
Posted by rimasco on :
I hope you guys are right.....as for me id rather prepare for the worse and be proved wrong
This will save me more money in BROKEN F'n FURNITURE
Posted by Stock on :
been watching my T&S all morning...there were so many cumulative buys this should have moved to the 30s by now...but if its just them trying to cover their positions after screwing up then i guess they will keep the price down until they grab as much as possible...
Posted by rimasco on :
Or it could just be traders playing the "dead cat bounce"
Posted by Stock on :
quote:Originally posted by rimasco: I hope you guys are right.....as for me id rather prepare for the worse and be proved wrong
This will save me more money in BROKEN F'n FURNITURE
look at that ask and bid moved...moved DOWN after all there was were BUYS
Posted by vinnie1 on :
I'm pretty new to this but wouldn't the reason for the crazyness be that the brokers wern't allowing retail orders to go through so they could sit on whatever bid/ask they wanted to all day to buy up retail sales since they didnt have any real demand from customers just suppy??? Not invested in this just been following along with paiv.
Posted by Stock on :
i got nothing but buys on my steamer...price gets down. A55 RAPAGE WITH NO PROTECTION is what that is
Posted by BuckyBarnes on :
?????? mega..could you spell the **** please....TY
Im sure it is MM's covering now. Maybe the Short List that came out has something to do with it? It'll probably stay way down and then maybe they let it go towards end of day? wish i had money to buy now!
Posted by ohio_trader on :
i sold over 200K monday and yesterday( at 8,10,and 11 baggers), just bought 80k at .0021.....we should see a rebound by days end and tmrw
not betting the farm on paim (like LFWK's), but think there is still $$ to be made
****this is not done yet****
IMO
GLTA
Posted by rimasco on :
Heres the thing (stock) I noticed on this exchange.. the way orders are facilitated...theres alot of late prints..for example...there are 3 guys at 0025 bid they get hit and leave then people start jumping 25 offer hitting all the bids that werent reflected...the prints show up green but there actually sells
P.S. i think thats what all those prinst were AT the 25...
Posted by rimasco on :
some big boys getting in ....maybe playing a bounce
Posted by doling2005 on :
Ok back in here at .0022.. needed to lower the rsi..she was gettin too hot..
Posted by rimasco on :
It would be nice to see HDSN working for us on the bid again
Posted by Stock on :
need more bid support and more mms at the ask!
Posted by Chad on :
i still think MM's are gathering. It probably wont start its run up again til late in the day and into tomorrow. will we see it hit .005 again by EOW, thats the question. Posted by Stockguru06 on :
but can we compare paiv and paim with each now or will paim will a different story..i count on a major run but no idea if it will come
Posted by Stock on :
quote:Originally posted by *********06: but can we compare paiv and paim with each now or will paim will a different story..i count on a major run but no idea if it will come
my major run is to get to 0.0050 , thats major enough to me at least
Posted by rimasco on :
ZZZZZZZZZZZ......ZZZZZZZZZZZ..........ZZZZZZZZZZ
Posted by rimasco on :
Anybody know a good proctologist??? PAIM mangled my colon somthin awfull
Posted by doling2005 on :
Hey rimasco..stable is good here Posted by rimasco on :
See those last three prints.....in my opinion they were sales they just print them late so they show up green when the bids gone
and dont nobody give me "with every buyer theirs a seller"
Im talking bid hits!
Posted by BuckyBarnes on :
Is the some upward pressure mounting? .0021 x .0025
Posted by JBravo on :
Unbelievable..... how they are keeping it down. Its the same story with PAIV. Loosing patience
Posted by Stockguru06 on :
if this runs to 10 cents like paiv i am very happy...
Posted by ohio_trader on :
the charts setting up for a run late in the day and tmrw...rsi back down a few people took profits, others got pushed out bythe mm's
this run should make it to .007+
GLTA
Posted by Stockguru06 on :
can we see the same rise as paiv or probably not?
Posted by 4Tune4Me on :
The volume is wild...753.8M at 1:25
Posted by PCola77 on :
I would say no. There's a general similarity, but as I've pointed out before, the differences are huge. I'm surprised that this ever touched .006, but I don't see it ever going any higher than that unless it finds lots of gold. I'll try to find my more detailed post and re-post it here.
quote:Originally posted by *********06: can we see the same rise as paiv or probably not?
Posted by 4Tune4Me on :
Seems to me that Pearl wants its buyback cheap and MM's need to cover...nothin like one hand washes t'other to bring the pps down.
Posted by PCola77 on :
Here's my old post. By the way, I have 300,000 shares of this so I'd like to see it go up, but not at the expense of others who get in expecting the price to go up 35,000% like PAIV did. :
I would be very hesitant on thinking this will be anything like PAIV. There are some important differences here.
1) With PAIV, we knew exactly how many shares there are/were. With PAIM, between the reverse split that wasn't, and the companies endless dilution, no one knows how many outstanding shares there are, but the number is in the BIllions I think.
2) With PAIV there were hundred of millions of shares sold in one day, when the float was only 26 million. It was very obvious that shares were short sold, intentionally or not. The float was suddenly more than 1000 times what it should be. Since we don't know what the PAIM float is, no one can be sure how many shares were "shorted", and from everythign I read, the multiple is no where that amount, so any "short squeeze" would be dampened if not completely eliminated.
3) Many PAIM holders will sell this stock at any chance, given the confusing ways the stock and executives have acted in the past.
4) A lot of people have been so confused by past PRs, the "debenture" issuance, and a number of other things, that they won't be wiling to take a chance on a stock like this for fear of being burned.
5) There was an intial "Short squeeze" on PAIV the first couple of days, from .0008ish to .0013, but then a slow drop back into the .0040 range. After that it's taken around 2-3 months for the most recent leg to kick in. If there is really a squeeze on PAIM it may be a while before you even notice.
All in all, I'm not saying don't buy, but I am saying this will NOT be anything close to another PAIV
Posted by Hitman on :
I still own 250000 free shares juas purchased 54000 more with the rest of the money I had at Scottrade..... PAIM will go back up lots... just not sure how much/when I have a sell order in at AMTD for 200000 limit order.03 to hard to change it.... at AMTD you have to call the broker and get them to change it cant do it on line.... Takes a lot of time on hold so I will stick with the .03 limit sale..... The stock will hit that price in the future.... lots of recent good pr so I am willing to wait.....for....the.....reward
Posted by Hitman on :
I still own 250000 free shares just purchased 54000 more with the rest of the money I had at Scottrade..... PAIM will go back up lots... just not sure how much/when I have a sell order in at AMTD for 200000 limit order.03 to hard to change it.... at AMTD you have to call the broker and get them to change it cant do it on line.... Takes a lot of time on hold so I will stick with the .03 limit sale..... The stock will hit that price in the future.... lots of recent good pr so I am willing to wait.....for....the.....reward
Posted by Hitman on :
Sorry,,, didnt mean to post 2 times
Posted by 4Tune4Me on :
Wierd...my streamer has bid/ask at .0001/.0003...something blew up at TDAMTurd.
Posted by megahead34 on :
How did PAIV's run flow? have a small run, few bad days, then boom?
Posted by 4Tune4Me on :
Now it's .0004/.002...anybody else having glitches?
Posted by PCola77 on :
If I remember correctly it was at .0008 at the bottom, then went to .013 in about a week. Then over the course of like 2 months lost about 2/3 of its value to the .004 range. Then exploded in the last 2 weeks to a high of .28.
quote:Originally posted by megahead34: How did PAIV's run flow? have a small run, few bad days, then boom?
Posted by Chad on :
I hope ur right OHIO, but Im not sure we hit that high this week. To many porfit takers on Fridays.
However, I agree with EOD run and into tmrw. Personally, I think Im gng to sell at .005 now, I shoulda Friday when I had the chance, but was stupid. I think it'll get there sometime this week.
Only because this stock is going up and down to much since last Thursday. I might as well play the whole FLIPPIN game to acquire more shares if this how the MM's are gng to play this stock.
Eventually, this stock will get over that penny.
Posted by Chad on :
actually PC, I think the high was .35. Moot point now though. lol
I dont think its a good idea to try to use a comparison of the stocks. All stocks act differently.
Just go with ur DD and maybe some trust in others DD and let the dice roll. This stock is shorted. It already has started some of its run. Remember, it was at .0005 when it had that big gain day, then continued from there and has been up n down since.
I think alot of people that bought in still feel it'll hit a penny soon. Half a penny, much sooner!
good luck to all!
Posted by doling2005 on :
looks like I made a good decision to buy back in this morning...looking good
Posted by rimasco on :
Why all of a sudden are they reflecting bids and offers and not every 0005?
HMMMMMMMM???
Posted by Chad on :
when RIMASCO says hmmmmmm, good things tend to happen, Posted by kermit42 on :
Hitman: I don't understand your post. I have an ATD account and I change limit orders online all the time (did it three times today alone, wish I didn't do it yesterday when I raised the ask on a partial PAIM sale in the low 60's).
Go to the Order Status page. To cancel an order, just check the box at left, which will highlight the cancel button. To change the shares or price, just change it in the box and it will highlight the replace button. Any other changes (AON, GTC, etc.), you have to cancel and make another order.
Posted by vinnie1 on :
getting the shizzzzzzzz kicked out of me by this.LOL
Posted by rimasco on :
LOL!! CHAD that was a legitimate HMMMMMMMMMMMMMMMMM... the only positive thing my gut will muster is ......there reflecting now to give the illusion of more selling pressure??? Or show more liquidity scaring away the impatient like myself??? Or or .....i have no clue???
Posted by Chad on :
hey, I remember when you posted hmmmmmmmmmm about PAIV....at look whr that went. I knew I shoulda bought then. lol
anyway, lets hope ur "hmmms" are good luck and the MM's let his thing go. after 4 days of good days and high of day, I dont get why this day should be stagnant.
Unless MM's are loading and will let this go up a 100% by EOW. averaging over .005 as a HOD since friday and then have this today tells me the want shares. maybe Im wrong though.
However, I'll be damned if I sell this for anything less then .005!!
Posted by vinnie1 on :
guys put your money in sbtg
Posted by Chad on :
ok...this is gotta be a joke! under 2....someone help me, im gng to puke!
Posted by heynow on :
I was just reviewing the buys and I cant tel you how many buys are coming in at each leven they drop the PPS to???This is TOTAL game playing by them. We had a run of over 20 to 30 buys at .0020 and they drop the bid to .0018.......THEY ARE UP TO SOMETHING.
Posted by megahead34 on :
lets see EOD run to .003s!!!!
Posted by rimasco on :
Oh what a shock i went up for a few to grab a bite and come down to sub 002s!
My HMMMMMMM is officially turning to a EWWWWWWWW
this is gonna be one of those threads you see in a few months with 4000 posts next to it that people just disregard
Posted by Jo4321 on :
I've had a buy order in all day for .0018, but hasn't filled.
Jo
Posted by rimasco on :
LOL! i didnt even realize its already close to 4k....make that 7500
Posted by ruthie on :
What is going on?????
Posted by doling2005 on :
quote:Originally posted by doling2005: looks like I made a good decision to buy back in this morning...looking good
I'm out..we may be gapping down again in the am and I'll buy it back around .0015
Posted by Chad on :
I cant believe the pps they dropped it too. I wish I had moeny to buy now. I laugh or puke, not sure which, when I thought .004 was a good buy.
Given the MOMO this had, the shorting, the highs it saw last few days, this seems like a sure thing to go up a 100% to me, and even 200%.
aaaaaa, why dont I have more money to buyin! lol
Posted by rimasco on :
quote:Originally posted by ruthie: What is going on?????
Im being raped by a gagle of siverback gorillas (ARI GOULD: ENTOURAGE)
Posted by rimasco on :
Dont feel bad Chad. I bought 0025 sold 004 then decided after gettin caught up in all the HOOPLA to buy back ALOT more at 005
The term whipsaw comes to mind
Posted by rimasco on :
Dont feel bad Chad. I bought 0025 sold 004 then decided after gettin caught up in all the HOOPLA to buy back ALOT more at 005
The term whipsaw comes to mind for some reason
Posted by J_U_ICE on :
Still pumping it on IHUB
Posted by: warren_buffsit In reply to: None Date:7/26/2006 3:38:08 PM Post #of 153219
PAIM >> MUTANT GAZELLEzzz FIRE SALE ATM GORILLAzzz!!!
AND ANY OTHER PUMP PHRASE I MIGHT HAVE MISSED!!!
Posted by AshyToClassy on :
My Pink L2's show the bid and the ask are very thin. A very good sign
Bid 1 x .0021 1 x .0019 1 x .0018 1 x .0017 1 x .0016
Ask 2 x .0023 1 x .0025 1 x .0027 3 x .0028 1 x .0045
Posted by rimasco on :
LMAO!....I think that Warren Buffsit character is related to SHAKERZZZ
Posted by Chad on :
yeah Rim, this sucks. I have the worst luck. to think I sold AAGM and IMJX at a loss to buy this friday at .0045, instead of selling what i had in this at .005 for nice gain. and to make matters worse, look at whr the other two are now. hahahahahahaha
one f'n day, thats all I needed. I couldnt sell yesterday because of unsettled funds. .006....it was right thr..but oh boy, I can sell today....hahaha...I feel so sick right now!!!!!!!
Posted by J_U_ICE on :
quote:Originally posted by rimasco: LMAO!....I think that Warren Buffsit character is related to SHAKERZZZ
I don't know who he/she is but we could use that kind of enthusiasm here
Posted by rimasco on :
That guy is an ENIGMA rapped inside a puzzle rapped in a riddle inside a fortune cookie stuffed in a ducks ass hangin in a chinatown window
maybe i can convince him to come over?
Posted by J_U_ICE on :
quote:Originally posted by rimasco: That guy is an ENIGMA rapped inside a puzzle rapped in a riddle inside a fortune cookie stuffed in a ducks ass hangin in a chinatown window
maybe i can convince him to come over?
Why do you know him?
Posted by Chad on :
I would venture to say by selling the above stocks friday and not selling PAIM, I probably cost myself at this point around a 100G.
and thats not including if I woulda bought back in today with lots more money for lots more shares.......in the words of Charlie Brown......uuuuuuuuuuuggggggggggggggg!!!!!!!!!!
Posted by rimasco on :
quote:Originally posted by J_U_ICE:
quote:Originally posted by rimasco: LMAO!....I think that Warren Buffsit character is related to SHAKERZZZ
I don't know who he/she is but we could use that kind of enthusiasm here
Ill give it a try......GIMME A P! ....GIMME AN A! GIMME AN .......ahhhhhhhhh its not the same Posted by ruthie on :
I have certainly learned a valuable lesson today. That is to know when I am satisfied with my gain and get out and go on to something else. I am afraid GREED set in and I ignored my gut instincts..
Posted by rimasco on :
quote:Originally posted by J_U_ICE:
quote:Originally posted by rimasco: That guy is an ENIGMA rapped inside a puzzle rapped in a riddle inside a fortune cookie stuffed in a ducks ass hangin in a chinatown window
maybe i can convince him to come over?
Why do you know him?
I know OF him, and the MYTHS and ENOMILIES that surround his every POST
some say he was born with a third eye! or is it a forth? Do we count the brown one in this day and age???
Posted by Chad on :
at least the new investors should be happy knowing this stock hovered over the .004 for few days and just hit high of .0065 yesterday.
It's still got MOMO, shorting, and many millions of shares traded. Buying at .002 or lower to me is a steal, easy double. I wish I sold and could buy back in.
I guess us that have bought at higher levels can take solice knowin this will get back to .005 within a week or less. im 99.9% sure of this.
to many buys, not enough sells, MMS bringing this down to get ur shares!!
Posted by 4Tune4Me on :
Over 1B in volume today....
Posted by megahead34 on :
im depressed.
Posted by rimasco on :
Chad......if your right ill paint myself in black-face and run through harlem singing "wade in the water"
Posted by J_U_ICE on :
quote:Originally posted by rimasco: Chad......if your right ill paint myself in black-face and run through harlem singing "wade in the water"
AND i'LL GO AND WATCH
Posted by rimasco on :
Somthing tells me you should wear running shoes as well!
Posted by J_U_ICE on :
quote:Originally posted by rimasco: Somthing tells me you should wear running shoes as well!
And a bulletproof suit
Posted by SherriT on :
J_U_ICE, are you in this one too (or just conversing with those here)?
Posted by J_U_ICE on :
I'm in and loaded up for another run.
Posted by Ripler on :
damn im happy I sold off half of my shares at .006 Posted by chevon2020 on :
quote:Originally posted by rimasco: Chad......if your right ill paint myself in black-face and run through harlem singing "wade in the water"
I'd probably be shooting, kind of offensive.
Posted by singledadandhappy on :
how do we get this back up?
Posted by Duncan Idaho on :
quote:Originally posted by singledadandhappy: how do we get this back up?
r/s 1:1000
Posted by chevon2020 on :
I think a much better idea for for people to stop taking their profits and losing me money! If this is really being shorted, then it will come up if people stop selling so low.
Posted by megahead34 on :
I agree. The thing is that this is really being shorted. So this will go up in time. MMs right now are just accumulating their shares and will let it rise up in time. I'm holding all my shares. Its pointless taking a risk and selling when this will go up soon.
Posted by Camelboy on :
Is it still a good time to buy or too late
Posted by megahead34 on :
I think its a great time to buy since the MMs brought the pps down. I'm not sure how tomorrow will play out. But the thing with this stock is that it can go up so fast and go down so fast.
Posted by Ripler on :
im glad I sold.. and now?> I dont think its a good buy.. although it is being shorted and it may go to .01, I have seen the way this stock "flows"...ive been in it too long..i think it might keep dropping...JMHO from PAIM in the past history>> from "similar" circumstances...
although Im still holding some in here...hope it goes up
Posted by chevon2020 on :
camelboy, I'm no expert, but if I were you I would just watch for a bit tomorrow before you get in, there no telling how long this trend will last.
Posted by Ripler on :
quote:Originally posted by chevon2020: camelboy, I'm no expert, but if I were you I would just watch for a bit tomorrow before you get in, there no telling how long this trend will last.
exactly
Posted by brackep on :
you guys should check back into PAIV, it's soaring again ...
Posted by Stock on :
gap down
Posted by megahead34 on :
man, looks like it will be another bad day! all thanks to the MMs.
Thank you MMs for ruining this.
Posted by rimasco on :
MY OH MY WHAT A SURPRISE!!
Posted by Stock on :
14x15.....oh wow. thats just so shiity
Posted by rimasco on :
Only good thing is this thing could be oversold and we might get some mad buying today
then again maybe not
Posted by Stock on :
cant be oversold...yesterday was mainly buys out the 4ss. There were so many buys i really thought this would gap up at the open and stay arround the 40s for a while.
Posted by Stockguru06 on :
should i sell now or better hold..i knew paiv also went down a lot before it started a huge run...
Posted by rimasco on :
battle between HILL and ABLE
Posted by megahead34 on :
im holding, its pointless selling now. This will still go up. The question is when.
Posted by rimasco on :
quote:Originally posted by rimasco: Heres the thing (stock) I noticed on this exchange.. the way orders are facilitated...theres alot of late prints..for example...there are 3 guys at 0025 bid they get hit and leave then people start jumping 25 offer hitting all the bids that werent reflected...the prints show up green but there actually sells
P.S. i think thats what all those prinst were AT the 25...
Posted by Stock on :
today would have been the perfect buying position and best entry point...hell, getting out at 25 from here is still golden. this needs to move..the buying pressure is there.
Posted by megahead34 on :
i just want it to go back to .004s
Posted by rimasco on :
bought those 015s..got my avg down some..i wish Jesus would come bid
Posted by megahead34 on :
creeping up there! i like!
Posted by rimasco on :
if we could stay green for the day......that would be another bullish sign (exact opposite of the other day when we went to 0065) maybe not as significant cause it was dwelling here a week ago
Posted by megahead34 on :
I concur.
Posted by Stock on :
wish i had free funds in the 15s...FUKC!
Posted by Stock on :
we are now back to yesterday's levels...we need to punch in the 30s
Posted by coalkickin on :
L2's look good 1 at .0024 1 at .0025 1 at .0027
Posted by Stockguru06 on :
i am holding and will take a look at this again within a month...you ll never know lol..paiv also went down before it really took off...
Posted by rimasco on :
FWIW......
Posted by: warren_buffsit In reply to: shakerzzz who wrote msg# 153427 Date:7/27/2006 10:00:53 AM Post #of 153461
PAIM >>10 DAY CHART FORMING A MIDDLE FINGURE...TO ALL THE SELLERS!!!
W.B.
This guy knows his stuff......
Posted by rimasco on :
BAD THREAD!! GET BACK UP THERE!!
Good thread......
Posted by Stock on :
quote:Originally posted by rimasco: BAD THREAD!! GET BACK UP THERE!!
Good thread......
Posted by 4Tune4Me on :
Once the buyback is complete, the mm's will take their thumbs off this one. It's going to go as low as Pearl/MM's want it to...they don't want to pay anymore than they have to.
Posted by Stock on :
quote:Originally posted by 4Tune4Me: Once the buyback is complete, the mm's will take their thumbs off this one. It's going to go as low as Pearl/MM's want it to...they don't want to pay anymore than they have to.
they first said the buyback was done, then they said its almost done, then someone said he contacted a person who was in the position to give him inside info saying only 5% was done... If only there was one story to stick to so i can try to think how it should move
Posted by rimasco on :
Im gonna go with the story were the girl wearing the red hood and cape makes a break for grandma's
only in my story the WOLF makes a beastiality film with her then devowers her azzzzz!
Posted by rimasco on :
quote:Originally posted by Stock:
quote:Originally posted by rimasco: BAD THREAD!! GET BACK UP THERE!!
Good thread......
Posted by stocks1984 on :
quote:Originally posted by rimasco: FWIW......
Posted by: warren_buffsit In reply to: shakerzzz who wrote msg# 153427 Date:7/27/2006 10:00:53 AM Post #of 153461
PAIM >>10 DAY CHART FORMING A MIDDLE FINGURE...TO ALL THE SELLERS!!!
W.B.
This guy knows his stuff......
sorry but what does this mean, that it will start to head up?
Posted by Ripler on :
I wouldnt be surprised if it fell to .0005 and below
Posted by rimasco on :
Wow Ripler, I thought i was a glass half empty type of guy.........
Posted by vinnie1 on :
this baby is going to the ground.
Posted by Raytrader on :
FIZZLE >>>>>>>> FIZZLE>>>>>>>........d u d
Posted by Raytrader on :
FIZZLE >>>>>>>> FIZZLE>>>>>>>........d u d
Posted by Raytrader on :
everyone always say "one trade can change your life".....well why cant this be the one...haha
Posted by Stock on :
throwing money in paim thinking it would have gapped up and no funds were left for IGAI...im so disgusted
Posted by 4Tune4Me on :
My guess is that a deal was cut to get the brokerages off the hook for the shortage. Once everybody has their ducks in a row, they're going to take their finger off this one. Damage probably done as far as investor confidence goes, but IMO it's going to pop again. When...don't know...need a chart reader to keep up with this one.
Posted by Stock on :
quote:Originally posted by 4Tune4Me: My guess is that a deal was cut to get the brokerages off the hook for the shortage. Once everybody has their ducks in a row, they're going to take their finger off this one. Damage probably done as far as investor confidence goes, but IMO it's going to pop again. When...don't know...need a chart reader to keep up with this one.
that is what i was thinking all along, a lot of brokers messed orders up and got people owing money for no reason...now they have to fix that by buying and selling as cheap as possible. I thought the buyback was over, i might be wrong, im going to be holding my 3 million shares till arround the 50s hopefully after they stop holding it back down.
Posted by rimasco on :
Chart readers (technical analysis) sold at 005 after the spike to 0065. You cant factor HYPE and rumors into a chart patern...well you can but the patern is meaningless.....
Posted by Stock on :
rim, are u holding enough that its making you sad or just couple hundred bucks i am a very sad panda at the moment but i was watching the steamer all day yesterday, big consecutive buys at 25 that never had the chance to get sold at a higher bid. So in my opinion after they stop fuking with it, the price will climb a little bit up...enough to get rid of all the shares i got at least
Posted by rimasco on :
Unless all those 25 buys start puking and hiting the bid for minimal losses driving the pps even lower....basically its a cluster f*ck. Unless one of these friggin rumors pan out
yes i do have alot...and i bought more this am at the 15
Posted by J_U_ICE on :
Posted by: rgzoo Date:7/27/2006 1:37:17 PM Post #of 15721
COMMON SENSE HERE...didn't most of us take a gamble on PAIM..that it would have a large short position? then when shorts had to cover we would all make out big time...like the PAIV people did!
forget about the GOLD...helps..but, really not in play! unless they hit the "motha load".
i was one of those PAIV people...in the beginning...i sold early on in late may for a 355% profit (* .0016 buyin)...not bad....one month later PAIV ran big time for a few days because it was time for the shorts to cover.
i missed out on over 10,000% profit if sold * .20...it ran to .35 high! made me sick but, it was almost fantasy thinking about how much money i coulda, shoulda, woulda had if?????
i'm not gonna make that mistake again. if i lose on this one because there's no shorts or they covered in time...well...then i lose...i knew it was a gamble with very high reward!
if i get out because it's going down in share price and is now 50% below my buyin...and it makes a similar PAIV move later on...i'll have missed it again!
asking myself..."why did i get out early? ya wanted to gamble...ya didn't finish the play...how can ya expect to win?"
"they shoot horses ..don't they?"
things have not changed for PAIM...except it is now lower in share price from a few days ago...the short position is still at question... and there's our gamble!
i've added the dips and holding till i score big or i lose money, realizing it was a bad gamble....aren't they all .. unless you win!
investing in stocks is all a gamble anyway! with the mm's doing their immoral crude and the sec not doing much to help the investor... all the bs on the boards...it would be nice to hit one!
PAIM's gonna be that one! so hold your shares...we don't know the short position yet and PAIM thinks it could be short because of what they said in recent pr's.
if we really get lucky...forgot to mention we could use a 'lil luck...maybe PAIM will announce that they have found a way to turn lead into gold and have just bought the biggest lead mine in the world! ha! ha!
jmho
gltya
zooman
Posted by tonicma on :
Remember this is the shake I knew was going to happen. still holding about 250,000,000 million shares. sold 50 mill at 0.005 to get some profit off the table.
now I'm letting the rest ride just like PAIV to at least 10 cents.
This looks just like paiv when it went up than shake 60% off, only problem, they don't havge the time to shake much more.
Posted by Stockguru06 on :
i hope you are right tonicma because i refuse to sell but do you think it will go in the next weeks?
Posted by rimasco on :
quote:Originally posted by J_U_ICE: Posted by: rgzoo Date:7/27/2006 1:37:17 PM Post #of 15721
if we really get lucky...forgot to mention we could use a 'lil luck...maybe PAIM will announce that they have found a way to turn lead into gold and have just bought the biggest lead mine in the world! ha! ha!
zooman
wouldnt that make gold worthless??? Sorry JUice i couldnt help it. But i agree with everything you said. The reward far out weighs the risk. Ill do it again too givin the opp.
Hey TONICMA...wont you give us PO folk a heads up when yo gon dump that 250mill...wez only gotz a couple of bits here
Posted by rimasco on :
WE IS GREEN.....GOTZ TO CLOSE GREEN!!
ABLE went to 003 (comforting)
Posted by Stockguru06 on :
who also thinks we will have the same run here as paiv did?
Posted by tonicma on :
lol, we green, see what I mean, if they wanted they could of shaked lower today but didn't. I say next leg up starts tomorrow. Than run for next week.
Posted by rimasco on :
quote:Originally posted by rimasco:
Hey TONICMA...wont you give us PO folk a heads up when yo gon dump that 250mill...wez only gotz a couple of bits here [/QB]
Posted by vinnie1 on :
no two stocks are alike so keep your eyes wide open on this.
Posted by rimasco on :
FWIW
Posted by: warren_buffsit In reply to: None Date:7/27/2006 2:43:47 PM Post #of 153814
PAIM >>FORT KNOX ATM GORRILLA WITH A HYPERACTIVE THYROID!!
Posted by Stock on :
quote:Originally posted by tonicma: lol, we green, see what I mean, if they wanted they could of shaked lower today but didn't. I say next leg up starts tomorrow. Than run for next week.
dont you have to convert most of your shares ( since u got 250mil like u said )since u were in a while ago. How did u get rid of 50 mil before even converting them...just wondering
Posted by rimasco on :
UT OHHHHHH (sniff sniff)...DID SOMBODY TRACK DOOKIE IN HERE???
Posted by oldguy on :
The MMs never play like we expect. Here is some food for thought. Since they know they are going to take a bath in PAIM, why not let her run, buy all the stocks they can, then take it down so the fraidy cats will sell at a lot lower price than they should because they will panic. The MMs still take a big hit, but not as big as it could be at .01, .05 or higher. Think about it before you press the "panic sell" button. Penny stocks are for those who don't mind holding with white knuckles when every one else is in a panic to sell. PAIM may be the one that puts you on easy street. God bless. Good luck to all.
Posted by BuckyBarnes on :
AMEN to your insight...I'm stay'n positive and holding fast on my position..
quote:Originally posted by oldguy: The MMs never play like we expect. Here is some food for thought. Since they know they are going to take a bath in PAIM, why not let her run, buy all the stocks they can, then take it down so the fraidy cats will sell at a lot lower price than they should because they will panic. The MMs still take a big hit, but not as big as it could be at .01, .05 or higher. Think about it before you press the "panic sell" button. Penny stocks are for those who don't mind holding with white knuckles when every one else is in a panic to sell. PAIM may be the one that puts you on easy street. God bless. Good luck to all.
Posted by vinnie1 on :
i still own all of mine.so lets roll
Posted by ohio_trader on :
here we goooooooooooooooooooooooooooooo
Posted by rimasco on :
now thats what i call a reversal!!!
I dont see any news???
Posted by BuckyBarnes on :
.0033 [+] 0.0039
Something is starting
Posted by Hustla on :
WTF!!!!!!! Where when how Arghhhhhhhhhhh
Posted by vinnie1 on :
GO BABY GO
Posted by imapoorcollegestudent on :
Is this the shorts covering??? glad I held
Posted by Stock on :
still a big gap between ask and bid, need more pressure and support, but yea...its moving lol
Posted by BuckyBarnes on :
just let loose in the last 10 minutes or less.....no apparent reason
Posted by rimasco on :
Posted by: shakerzzz In reply to: warren_buffsit who wrote msg# 153872 Date:7/27/2006 3:44:09 PM Post #of 153877
looks like ameritrade buying up PAIM
Posted by BuckyBarnes on :
Anyone heard of a PR today or anticipated for next couple of days????
Posted by Stock on :
if it closes in the 40s, we might be seeing a nice gap in the am
Posted by rimasco on :
My guess......rumors starting to get confirmed
Posted by BuckyBarnes on :
Perhaps their cover'in due to their problems with this issue.....?
quote:Originally posted by rimasco: Posted by: shakerzzz In reply to: warren_buffsit who wrote msg# 153872 Date:7/27/2006 3:44:09 PM Post #of 153877
looks like ameritrade buying up PAIM
Posted by Stock on :
10 million buy at 0.004
def not a noob...i would assume
Posted by Hannibull on :
how do we know when all shares are covered?
Posted by BuckyBarnes on :
I do not like seeing NITE at the top of the buy stack.....this MM seems to want to keep the downward pressure.....could this MM be a frontal person for Ameritrade?????
Posted by 4Tune4Me on :
Holy smokes....boy do I like a story with a happy ending....
Posted by rimasco on :
I WANNA JAM MY STOCK RIGHT DOWN ABLE GULLET AT 01.........I WONT SELL TILL I SEE HIM COME BID UP THERE
Posted by Stockguru06 on :
next paiv? :=) lets hope
Posted by 4Tune4Me on :
Guess, someone took their thumb off.
Posted by megahead34 on :
Haha wow, i was in the lab for 10 mins and boom! PAIM is alive and kicking.
Posted by Hustla on :
quote:Originally posted by BuckyBarnes: I do not like seeing NITE at the top of the buy stack.....this MM seems to want to keep the downward pressure.....could this MM be a frontal person for Ameritrade?????
That has always been everyones speculation. If only I could use some of my resources to find out
Posted by 4Tune4Me on :
How many trades can fit in 4 minutes? Hmmmm
Posted by Stockguru06 on :
how many shares still needs to be covered? any ideas?
Posted by megahead34 on :
I noticed this trend. Whenever PAIV goes down, PAIM goes up...and vice versa.
Posted by 4Tune4Me on :
NITE is Knight Securities...
Posted by megahead34 on :
Come on baby, lets close at .004
Posted by rimasco on :
Will sombody please get on the horn and blow the whistle on ABLE... if i was a betttin man i would bet hes naked short up the tail-pipe!
Posted by BuckyBarnes on :
TY
quote:Originally posted by 4Tune4Me: NITE is Knight Securities...
Posted by rimasco on :
BEING WRONG FEEL SO GOOD TODAY..... Posted by 4Tune4Me on :
77.37M block buy? at .003....
Posted by megahead34 on :
.0035 is good enough. What a rush! I'm suddenly not so depressed anymore.
Do i smell gapper tomorrow morning?
Posted by 4Tune4Me on :
It's happy dance time, folks....
Posted by Stock on :
i closed my steamer already...did we close on a uptick?
Posted by 4Tune4Me on :
Last sales shows .0037 at 16:00:19...I'm leaving it open...very suprised there aren't additional trans after the bell.
Posted by megahead34 on :
You serious? We closed at .0035 baby! Tomorrow is big time gapper!
Posted by vinnie1 on :
WOWWWWWWWWWWWWWWWWWWWWWWWWWWW
Posted by vinnie1 on :
i hope that they need to cover by monday.
Posted by Stock on :
i have no clue why it ran...but i did see some HUGE block buys in the 30s and 40s levels...maybe something is cooking up for tomorrow. lets see a nice gap in the am
Posted by vinnie1 on :
maybe its time to get richer.LOL
Posted by Stock on :
i thought u were calling paim to crash even lower ?
Posted by rimasco on :
Posted by: warren_buffsit In reply to: None Date:7/27/2006 4:01:32 PM Post #of 153906
PAIM >> GONNA GAP LIKE A LAKERS CHEERLEADER!!!
Posted by megahead34 on :
yea, MMs accumulated enough probably.
Posted by 4Tune4Me on :
Let's all take a moment to thank the Stock Gods for their divine benevolence on this 27th day of July in the year 2006...
Posted by Bigrod40 on :
Well here's Bigrod's take on what just happened.
I think that the MMs pushed the price down so fast and far, people would sell off before losing all profits today. When strong hands did not sell, the MMs did not get enough shares bought back to cover all SHORTS. So bottom line the SCUM-BAG MMs didn't get enough, and now have resided to the fact they are going to have to do a PAIV RUN with PAIM. And it just started, hold tight tomorrow this is going to be a HELL OF A RUN.....
JMO however.
Posted by Stock on :
quote:Originally posted by 4Tune4Me: Let's all take a moment to thank the Stock Gods for their divine benevolence on this 27th day of July in the year 2006...
lets not get ahead of ourselves lol..it wasnt anything DRASTIC, tomorrow's buy movement and sizes will reveal weather the buy back and short covers are where they are supposed to so that this can finally ride its way up
Posted by vinnie1 on :
dammit was down 3k but now things are looking alot better.takes balls to hold guys but we did it.
Posted by 4Tune4Me on :
Stock, I'm grateful for the here and now...tomorrow is another trading day.
Posted by megahead34 on :
"wasn't anything DRASTIC". This went from .0014 to .0044 at one point. Thats almost 200% up. I personally think MMs are done messing with us. Today's EOD run indicates a BIG day tomorrow. Of course all JMO.
Posted by Stock on :
quote:Originally posted by vinnie1: dammit was down 3k but now things are looking alot better.takes balls to hold guys but we did it.
were u in from the 50s levels or bought back at the 2 day dip ?
Posted by 4Tune4Me on :
quote:Originally posted by vinnie1: dammit was down 3k but now things are looking alot better.takes balls to hold guys but we did it.
...and for those of us who don't have the necessary anatomy...well we just sip green tea and ponder the future.
Posted by Stock on :
quote:Originally posted by megahead34: "wasn't anything DRASTIC". This went from .0014 to .0044 at one point. Thats almost 200% up. I personally think MMs are done messing with us. Today's EOD run indicates a BIG day tomorrow. Of course all JMO.
i know how paim ran all the way from the bottom...by drastic i mean what happend today, lets stay focused and not count our chickens till they hatch. Just being positive and realistic. I def do think tomorrow would be a nice gapper at the open Posted by rimasco on :
I agree with Bigrod(wow that sounds gay!) I think MAYBE these guys are gonna have to clean out there SHlT-SHORTS after all.
It looks like the rumor might no longer be JUST A RUMOR
Posted by Stock on :
quote:Originally posted by megahead34: "wasn't anything DRASTIC". This went from .0014 to .0044 at one point. Thats almost 200% up. I personally think MMs are done messing with us. Today's EOD run indicates a BIG day tomorrow. Of course all JMO.
to correct you:
from 0.0014 to 0.0044 is actually a little over 300%, it also ran to 0.0065 actually
just clearing things up Posted by vinnie1 on :
was in at .005
Posted by vinnie1 on :
sorry about 4tune
Posted by megahead34 on :
hehe you're wrong , its about 200% and .0065 was a couple of days ago.
Posted by rimasco on :
quote:Originally posted by Chad: when RIMASCO says hmmmmmm, good things tend to happen,
Maybe there some truth to this.....
HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM!!??
Posted by vinnie1 on :
i think so guy.keep it up
Posted by Stock on :
quote:Originally posted by megahead34: hehe you're wrong , its about 200% and .0065 was a couple of days ago.
i was couting the 60s
( fukc! )
hey it still ran there though! ^L^
Posted by 4Tune4Me on :
quote:Originally posted by vinnie1: sorry about 4tune
You boys think you have all the fun...uh,uh.
Posted by Raytrader on :
when this thing takes off...Im done with welfare
Posted by Stock on :
i would like to see the 50s tomorrow...actually might be a good exit point, but this whole buy back and now the brokers trying to get their money back makes me think they will bring it up a lot higher than that...at least i hope so.
who wants to gather arround a circle, and do a paim prayer for the am? Posted by Bigrod40 on :
quote:Originally posted by rimasco: I agree with Bigrod(wow that sounds gay!) I think MAYBE these guys are gonna have to clean out there SHlT-SHORTS after all.
It looks like the rumor might no longer be JUST A RUMOR
Not Gay, just BBBIIIGGG
Posted by vinnie1 on :
does anyone have word of whats being said on the other boards about paim
Posted by Stock on :
quote:Originally posted by vinnie1: does anyone have word of whats being said on the other boards about paim
to be honest...every other board is just pumping the living sheet out of any stock they are in.
Posted by Raytrader on :
well all the bashers have seemed to have gone away....or they are just counting their $$$ from all the cheap buys they got
Posted by 4Tune4Me on :
They're hootin and hollerin' over at IHUB...no DD other than some chart work with Christian vs. Muslim rhetoric.
Posted by rimasco on :
Posted by: warren_buffsit In reply to: None Date:7/27/2006 3:47:10 PM Post #of 153926
PAIM >> GAPPAGE TOMORROW PARIS HILTON STYLE!!
W.B.
Posted by Raytrader on :
im in at .0001
Posted by vinnie1 on :
i can be happy with penny land tomorrow.
Posted by Raytrader on :
feeling good
Posted by rimasco on :
You shouldnt play with DYNAMITE......
quote:Originally posted by Raytrader: FIZZLE >>>>>>>> FIZZLE>>>>>>>........d u d
Posted by Raytrader on :
Ive had a sell order in for 2.50 for 2 days now....and no bites
Posted by vinnie1 on :
great job ray
Posted by SherriT on :
I'm still in from .0055 (yes I know, newbie excitement got the best of me last week)...hope I can continue to see positive movement.
Posted by Raytrader on :
quote:Originally posted by rimasco: You shouldnt play with DYNAMITE......
quote:Originally posted by Raytrader: FIZZLE >>>>>>>> FIZZLE>>>>>>>........d u d
I know I was just being funny.......I knew/ well I was HOPING it was just a shake...lol
Posted by rimasco on :
quote:Originally posted by Raytrader:
quote:Originally posted by rimasco: You shouldnt play with DYNAMITE......
quote:Originally posted by Raytrader: FIZZLE >>>>>>>> FIZZLE>>>>>>>........d u d
I know I was just being funny.......I knew/ well I was HOPING it was just a shake...lol
Did you see my posts....i was swearing the thing was going in the right-off column come tax season
hopfully theres some substance behind it
Posted by tonicma on :
that has got to be one of the most crazy last eod run I have seen. 50& in less than 2 minutes.
Man, I knew this was going to happen. hope people bought cheap for next leg up.
Posted by Raytrader on :
Ive been working PAIM for about 8 months now...and it has made me a nice bit of money......Ive been trading for 7 yrs now and between PAIM and USXP this is the first year I have MADE $$$......but I attribute it mostley to inexperience
Posted by juice on :
woah didnt even notice this! back up eh woo hooo!!
Posted by kermit42 on :
Knucklehead that I am, I sold 2/3's at .0025 thinking I could flip once or twice. I didn't get to be happy about it for even one second since it took its first pause at .003. Oh well, I still have the other 1/3. I'll just have to squeeze more out of that.
Posted by Raytrader on :
I have witnessed SO much shady stuff from the mm,s for example about a month or so ago we went one whole day with about 300 m volume then after 4pm paim would move about 2 billion and this went on for days
Posted by Raytrader on :
any new riders on the PAIM train may want to go back through this whole forum.....it would definatly be worth your time
Posted by stocks1984 on :
Posted by Bigrod40 on :
Remember folks everybody put a sell order in for .10, NOTHING LESS!!! Lets see what card the MMs deal in the first half hour of trading tomorrow morning!!
Posted by megahead34 on :
How can we do that? ST has a limit of how high you sell order is at. Is there a way to override that?
Posted by stocks1984 on :
sorry but how do you post an image through the message response. thank you
Posted by Hannibull on :
stocks1984, [ img ] URL [ / img ] without spaces
Posted by stocks1984 on :
quote:Originally posted by Hannibull: stocks1984, [ img ] URL [ / img ] without spaces
thanks, but how do i post an image if I took a sreenshot of something and saved in my document folder
Posted by Stock on :
quote:Originally posted by stocks1984: sorry but how do you post an image through the message response. thank you
LIKE
lol go to tinypic.com
load up the pic, copy paste the tags ( [img] )
Posted by Hannibull on :
quote:Originally posted by stocks1984:
quote:Originally posted by Hannibull: stocks1984, [ img ] URL [ / img ] without spaces
thanks, but how do i post an image if I took a sreenshot of something and saved in my document folder
oh, well you'd have to upload it to a photo server like photobucket.com, open an account there or anywhere else, upload the photo, take the internet address where the photo is located and post as [ img ] internetadress [ /img ]
Posted by Stock on :
tinypic.com = kicks ass...no need for an account
upload
copy tags
paste here
done
Posted by Hannibull on :
quote:Originally posted by Stock:
quote:Originally posted by stocks1984: sorry but how do you post an image through the message response. thank you
LIKE
lol go to tinypic.com
load up the pic, copy paste the tags ( [img] )
even better LOL
Posted by stocks1984 on :
Thanks! i just wanted to show the comparison between paiv and paim! Posted by JerZeyDeViL on :
God I love coming home to a happy board =) Great EOD run all! Let's hope it picks up where it left off tommorrow morning!
Now let me ask the question...I've seen alot of people ask it, but haven't really seen any answers. Let's say this is heavily shorted like we are all hoping.
A. Is there anyway to REALLY find out? B. More importantly, how do we know how much time they have to cover? And how much they have covered, or if they even are covering?
I think these are obvious questions that need to be answered and are very important so we don't get left holding the bags here. Is there any way of finding any of this out?
Posted by Stock on :
Devil, the problem is that...i dont think we can really tell...all we can do is try to understand how far is done from the movement, the hold back of the price and the volume. Other than that i really dont know of another way to find out the shortage and coverage.
Posted by kilikili on :
So the MM's are trying to cover now? At the end of the week when traders give up their shares?
Posted by IMAKEMONEY on :
PEARL ASIAN MNG WY (PAIM) OTC Type: Other-OTC
Short Interest for July 2006
Short Interest Percent Change Average Daily Share Volume Days to Cover 9,552,004 100.00 250,809,572 1.00
Posted by IMAKEMONEY on :
9,552,004 SHORTED
Posted by vinnie1 on :
was thinking the same thing. they may try the same shizzz tomorrow
Posted by Stockguru06 on :
i hope we get a HUGEEEEEEE shortsqeeuze coming like paiv had..
Posted by JerZeyDeViL on :
If it's truly only 9 million, that doesn't seem like much and they should've prolly had that covered by now IMO. Is that just for the month of July? Or does that include all the shares that were shorted all year? And how come they leave the days to cover blank? Does that mean it's already covered? Just soooo many questions this baby raises, lol.
Posted by 4Tune4Me on :
quote:Originally posted by SherriT: I'm still in from .0055 (yes I know, newbie excitement got the best of me last week)...hope I can continue to see positive movement.
Hey Sherri...think we have another winner here but hold on for the bumpy ride...
Posted by IMAKEMONEY on :
OTC Equity Short Interest
Overview
NASD Rule 3360 has been expanded to require NASD member firms to report their short positions on all over-the-counter ("OTC") equity securities to NASD Regulation, on a monthly basis. Once the short position reports are received, the short interest is then compiled for each OTC security.
Firms are required to report their short positions as of settlement on the 15th of each month, or the preceding business day if the 15th is not a business day. The reports must be filed by the second business day after the reporting settlement date. The short interest data is compiled and provided for publication on the 8th business day after the reporting settlement date.
Pricing and publication restrictions are under consideration.
Publication Schedule
Monthly short interest information will be available on this site after 4 pm ET on the dissemination date.
Trade Date Settlement Date Dissemination Date Publication Date July 7/11/2006 7/14/2006 7/25/2006 7/26/2006 August 8/10/2006 8/15/2006 8/24/2006 8/25/2006 September 9/12/2006 9/15/2006 9/26/2006 9/27/2006 October 10/10/2006 10/13/2006 10/24/2006 10/25/2006 November 11/10/2006 11/15/2006 11/27/2006 11/28/2006 December 12/12/2006 12/15/2006 12/27/2006 12/28/2006
Short Interest Data
OTC equity short interest is available for view by issue, or by downloadable pipe-delimited text file containing all OTC equity securities reported with a short position. Data is available online for a rolling twelve months and is based on a mid-month settlement date.
Please refer to the Publication Schedule above for the month's short interest publication date.
Does anybody know who was on bid/ask when the 77.3M hit? was at 4:37
Posted by Chad on :
hello all. glad to see a turnaround today. over 4 is great, close is good. I dont wanna say i told ya so, but....I told ya so. haha i knew this was an easy double today, didnt see the triple, my bad.Hopefully tommorow it continues. Though its a Friday, so I bet we see profit taking if this goes to .005 or more.
Im sure MM's got crap load shares yesterday. 2 ways they coulda got our shares today: 1)Holding it low seems like it woulda scared people out. or 2)They run up the price, then drop it next day, scaring people to sell to try to break even or take samll loss or gain.
Im hoping that #2 isnt true and they have gotten enough shares and simply can't hold it back anymore, like in PAIV.
I hope we have a great green day tomorrow!!
Posted by heynow on :
error
Posted by heynow on :
GOOD LUCK TO EVERYONE TOMORROW
Posted by Hannibull on :
heynow,
the quote "Our net earnings will raise the eyebrows of many investors" wasnt that from LFWK?
still though, GOOO PAIM!
Posted by heynow on :
quote:Originally posted by Hannibull: heynow,
the quote "Our net earnings will raise the eyebrows of many investors" wasnt that from LFWK?
still though, GOOO PAIM!
Thanks
I noticed that I did that and I thought I corrected it but I guess I didint..Anyway, tomorrow should be interesting to all that are still holding. GOOD LUCK.
Posted by jdg257 on :
quote:Originally posted by IMAKEMONEY: 9,552,004 SHORTED
THats from July 14th, before the PAIM shares were converted. The short position per ********** is 4 bil.
Posted by jdg257 on :
buy ins
Posted by megahead34 on :
Yea, i think the 9,552,004 number is before all this confusion happened. The number in reality is much much higher than that.
Posted by coalkickin on :
Well I cut my lossess (so I thought) sold everything at .0019. I had fears of it dropping to triple 0's. Can't believe the laat 20 minutes of the day. SON of A *#$##%
Posted by coalkickin on :
Cost me THousands!!!! I am still sick to my stomach
Posted by SuperSniper00 on :
9 million is nothing...i can crap out 9 million shares
Posted by ohio_trader on :
my best guessimate on the shorted shares based on an outstanding after conversion between 2.5-3 billion shares is about 6-9% or between a 150 and 270 million of the possible 2.5 - 3.0 billion shares outstanding
not certain if all of pearl's shares are purchased and converted yet? anyone know
thus not so certain showing the converted price yet????
if not we have a HUGE run coming, other wise or 2 more and probably a pullback
JMO of course, but have owned a researched since February
GLTA
it be nice to go up another 10 bagger from here!
Posted by Stock on :
buy back tomorrow at the open, hey u already lost thousands, give it a shot to make it back...u got nothing to lose, maybe if sh1t goes wrong, couple more thousands, but thats about it...lol
Posted by treasure on :
Can someone please tell me what is going on with PAIM - It looks like a few are making money after the RS - but sure isn't me. My 10 million shares are now CD's somewhere and what's left is a big lose. What is happening Posted by Stock on :
ur one of those who has to wait 5 years before u sell or convert your shares and make...nothing. well buy more now i guess and try to make some money while the rest is "frozen"
Posted by ohio_trader on :
i owned paim since february i got the divy and the debenture bond, but also repurchased new shares at .0005, cause i knew the price would have to go to at least .001 to legitimize the conversion you needed to buy again after the conversion to hit this run
Posted by SherriT on :
Thanks 4Tune and all...patience I can have (sometimes too much in fact), I just need to learn what to watch for so I can position myself for at least 1-2 runs and make a little money to play and learn with...
DD I can do - just have to know which companies I should consider digging on Posted by rimasco on :
Hopefully ABLE is stuck short.......I witnessed him sell 100s of millions today! Look for him tomorrow getting steam rolled trying to hold it down.....I CANT WAIT!
Posted by ohio_trader on :
i think about 150-270 million shares remain shorted after conversion.....
anyone know if pearl's stocks have been converted and registered yet?
Posted by treasure on :
I got the divy but not the debenture in the mail - don't know if e-trade is going to handle it anymore for the house. This stock just has to many ifs
Posted by ohio_trader on :
quote:Originally posted by ohio_trader: i think about 150-270 million shares remain shorted after conversion.....
anyone know if pearl's stocks have been converted and registered yet?
----------------------------------------
did they buy and register back 90% of the outstanding yet?
if not still a HUGE run to go!!!!!!!!!!
Posted by Ripler on :
in my account I still have my 90% convertibles listed... I want them out and I want my money
Posted by jdg257 on :
OHIO, what basis are you using to determine to 150-170 short? I think its more than that.
Posted by ohio_trader on :
im basing that after conversion 150-270 million out of the 2.5-3 billion left outstanding , about 6-9% which is ALOT!!!!
Posted by SuperSniper00 on :
pearl explained the debenture fully...you fools who held through it and got 90% of your crap taken away is your own fault and i have no pity cause nobody is to blame but you
if you had thought the price was going to move than you needed to buy after the 90% buyback and i said that before it happened
nobody to blame but yourselves...you cant be reckless and trade
Posted by Ripler on :
woah woah im confused.. na i made my money on PAIM..so what happens with the 90% still shown in my account..nothing?
Posted by SuperSniper00 on :
90% is restricted for 5 years...which means it sits there for 5 years before you can touch it
if the company gets delisted or goes bankrupt than you get nothing...if the company is still around, you might...just might be able to do something
either way this is a scammed up pink with shadey management who are linked to other known conartists and have histories themselves
if and just if this takes off, which it never will because of share dilution, than maybe we will all make money
either way im not touching this ever again, well until i can convert my 19 billion preferred shares...then i will sell them
hopefully this goes to $1 than i can sell my preferred shares
Posted by ohio_trader on :
quote:Originally posted by Ripler: woah woah im confused.. na i made my money on PAIM..so what happens with the 90% still shown in my account..nothing?
-------------------------------------------
that is your debenture
i.e 1 million shares = $1,000, payable in 5 years
Posted by ohio_trader on :
"either way im not touching this ever again, well until i can convert my 19 billion preferred shares...then i will sell them
hopefully this goes to $1 than i can sell my preferred shares"
sniper you can convert them NOW...worth 1.9 million shares, if you wait 5 years worth 38 million shares...i only have 700k, now worth 70k shares, my broker said i can convert and sell whenever i want right now, but in 5 years they would be worth 1.4 million shares >>>20x more
Posted by ohio_trader on :
your shares are worth 1.9 million common right now and you can sell!!!!!!!!!
Posted by megahead34 on :
So what is up with the debenture? I'm still confused about that. I had 1980000 like last week, now its 1980? Symbol is still None. What will happen with this?
Posted by Hitman on :
THIS IS FROM THE PAIM WEBSITE;;;;Hope It Helps...
Pearl Asian Mining Answers The Commonly Asked Questions of the 90% Buy Back of Its Issued and Outstanding Common Shares!
Pearl Asian Mining Industries, Inc. answers the commonly asked questions on the 90% Buy Back or approximately 27,000,000,000 of its issued and outstanding common shares using a convertible debenture. Pearl Asian has no intention to hurt the PAIM Shareholders. The buy back is another creative and positive tool in reducing PAIM huge public float, thus benefiting all the shareholders and the success of producing gold by the company. Pearl Asian continues and will ever respect to cherish all of its shareholders, from the smallest to the largest and from the poorest to the richest! (Q1) If I have 50 Million shares bought at .0001. The company is saying they are taking 45 Million out of my account and giving me an IOU for $45,000 which after 5 years I get to keep but I lose my debenture shares. So after 5 years, I am left with 5 Million shares and 45,000. Anytime before the 5 years is up, I can turn my debenture shares into free trading shares for a cost of .01 cents a share, but I can only do this for 10% of my debenture shares. So if I choose to turn my debenture into free trading shares I am left with 5 Million shares from my original purchase and 4.5 Million shares from the debenture, but it cost me $45,000 to convert them. So I will be left with 9.5 Million shares and out $45,000. The company is in effect paying $45,000 for 45 Million shares, they could buy on the open market right now for $4,500.00. They are paying 10 times what they are worth. What am I missing here? Why would a company do this? (A) Yes, you have it correct. However, the reason to pay with a note instead of cash is that the company doesn't have the cash available to buy that many shares out of the market. If we tried to buy that many shares (27 billion) out of the market it could cost more than $0.001 on average, because as the supply decreases the price will increase. We thought that $0.001 would be fair for several reasons: $0.001 is the par value and since debenture holders will have to wait 5 years there is a discounted value less than $0.001 before maturity. And with the $0.001 price it makes it possible for the debentures to have a market value (should a market emerge on the Yellow Sheets) higher than $0.0001. (Q2) Can you clarify something for me. In my case, of having 50mil shares of PAIM. I know I keep 5mil and 45mil I bought out. If I wanted, I can sell at anytime and get $45,000 cash; If I stay, I’m guaranteed $450,000 in 5 years or less. My thinking is, I would have received that amount anyway if the value hit $0 .01. That’s where I’m lost. What if the value hits $0.02, etc. do we lose out on that opportunity? (A) Sorry for the confusion, but PAIM will only be obligated to pay you $45,000 after 5 years if you do not convert back to common stock at the rate of $0.01. For the $45,000 debenture to become worth $450,000 the stock would have to go to $0 .10 per share. But you would have to first convert your $45,000 debenture to 4,500,000 common shares and sell those shares for $0.10 per share to realize $450,000. In that case your other 5,000,000 shares would be worth $500,000 if you held until they hit $0.10. If the stock goes to $0.01 your 5,000,000 shares will be worth $50,000 and if you cashed in everything at that point you would have $95,000 including converting your debenture to common stock and selling those shares at $0.01. You can not cash in your debenture during the 5 years with our company. But if a market develops for the debentures you may be able to sell the debenture into the market at a discount before maturity, or even a premium if the stock closes above $0.01. (Q3) What will happen to our preferred shares if we do not convert? (A) You can keep the preferred shares as long as you like, and we hope they will increase in value over time. (Q4) I’m new at this investing stuff. I read your May 5th article on Big Charts.com and I’m not sure what this all means I’m real new at all this investing stuff. I bought 1,300,000.00 shares (130.00) in the company and I follow it everyday. I noticed at the bottom of my streamer page that there is an additional 200,000,000.00 shares added to this with no price, can you explain this to me. Do I need to sell this back to the company and if I do will I keep the 200 million shares? (A) It seems strange that you would receive 200,000,000 preferred shares if you only bought 1,300,000 common shares. The preferred shares do not have a symbol yet so there is no market value yet. If you own your common shares on the conversion date 90% of those shares will be converted to a debenture at the rate of $0.001. We gave an example in our press release using 1,000,000 common shares as an example which may help you understand this. We will publish our Q&A page on our web site where we have answered various questions about this subject and we hope this will be helpful as well. (Q5) Hello can you tell me what is naked selling and how does it happen? (A) This happens when Market Makers or Hedge Funds sell shares through the market that they do not own and have not borrowed. On July 3rd, new rules should make it so that shorting in Pink Sheets companies will be published, so we will get a better understanding how much we have been victimized by this plight. (Q6) I was reading your article on May 4 on the buy back of 90% of the float. I see that if you’re an owner on June 1, on the 15th you‘re entitled to the debentures. It wasn’t clear on your article if you must convert your share or you can hold the common. Can you please clear that up for me. I would like to know if I can just own the common stock I own now or must I have debentures? (A) We are currently considering making the conversion automatic, so that we accomplish the goal by reducing the number of common shares outstanding without a reverse split. (Q7) Does today's news of 5/4/06 say that my shares/money is locked up for up to 5 years? Is 10% of it is open for trading? (A) You will have 10% of your shares to trade and possibly as high as, or higher than .001 due to supply and demand factors. In this example, if you bought at .0001 and then after conversion sold at the remaining 10% at .001 you would have your investment back and the debenture would be profit, with none of your initial investment tied up. Furthermore, it is possible that you will be able at some point to sell your debenture for a percentage of face value, and/or convert it to stock at .01 per share. Since PAIM has more than 3,000 shareholders, there is a reasonable expectation that a market will develop over time for PAIM's convertible debentures at a percentage of face value. The market value of the debenture, if any, should increase as the maturity date approaches. Based on other factors such as the market value of the common, and future failures and/or successes of PAIM will all be contributing factors. (Q8) I have 50 mil shares right now. Does it mean 45mil shares are locked up for up to 5 yrs? (A) No, it means that PAIM will owe a debt to you in the amount of $45,000. And you will no longer own those 45,000,000 shares, but only be able to convert back to 4.5 million shares if you elect to convert the debenture to common. (Q9). And I can trade 5 mil now?? (A) Yes, and before the conversion date you can trade your entire position, but the less you own on the record date, the less the amount of the debenture you will receive on the conversion date. But you may have meant, "Can I trade what will be my remaining 5 mil shares after the conversion of my other 45 million shares?". The answer to that question is, "Yes!”. (Q10) How many more shares will be dumped sir? (A) We have no control over shareholders selling their shares on the open market or market makers naked shorting. (Q11) What would happen with our dividends with this news release? (A) The buy back could increase the value of the preferred shares. (Q12) How will the new outstanding shares and float numbers affect the Buyins numbers? (A) What new outstanding? The common outstanding remains approximately 30 billion. The buyins report is not based on the float as far as we understand it. (Q13) Would you please confirm the stock dividend of 1000 for 1 preferred shares to the holders of PAIM.PK as of record date 3-15-06 and pay date 3-31-06 if a holder has 1000 shares of PAIM.PK how many shares of PAIMPR will he receive? (A). If you owned 1,000 common shares of PAIM in your brokerage account at the close of business on March 14th you should have received 1,000,000 preferred shares. (Q14) Regarding the preferred stock, when was the cut off for getting the Preferred Stock, as I had my common stock bought by March 13, 2006 (A) If you bought on the 13th and held till the 15th of March 2006 you are entitled to the dividend. (Q15) I have 900,000 common share of PAIM that I have bought through my account at Scottrade.com. I know that Pearl Asian Mining Industries was doing a preferred stock for people who had common shares. I am confused at what the rate is for the common to preferred is, it seems I have a 1 for 1 rate. I have 900k preferred shares, I bought my common shares 500k on March 6 and 400k on March 13. Please can you inform me of what the correct rate is for shareholders please, that way I can contact Scottrade if there is any issues. (A) Perhaps Scott trade can't put that many digits in their computer. You should have 1000 preferred for every 1 common. (Q16). I’m going to try this again, appeared my first one kicked back. I see that I received the dividend. It has no symbol yet. Any idea when it will be up and running? Is the value starting at .00000001? I think that’s what I got from the news. Will that trade openly just like paim does? (A) The Preferred has no symbol yet. We hope that this month to see it up and running. Yes the par value is .00000001 but we have no idea what the market value will be if any. We can't predict how it will trade. (Q17) The reason I am asking this question again, is that I would like to convert the preferred shares into a stock certificate. How I understand the issuance of the preferred shares is this way: I keep the 500,000 shares issued into my account for 1 year in form of a certificate. Then, after 2 years I get rewarded with another deposit of shares into my account, according to the formula for holding the shares for 2 years. Then, the same occurs, after holding the shares for 3 years and so on until after 5 years? If this is correct, please, let me know. (A) If you owned 500,000 common shares you can keep those in your account and request 500,000,000 preferred shares. The longer you hold the preferred shares the more common shares you will receive if or when you decide to convert the preferred into common. The common shares you own do not effect the preferred you are entitled to. Hope this helps. (Q18) I have been investing in stocks for 8 years and in my opinion there is a lot of confusion about what the float is and what really remains of the restricted shares. It made no sense that we had days of trading of 3 to 5 billion shares, and the price would not move, if there was a 5 billion float. Maybe someone converted 10 billion shares of stock and put it into the float and sold out. If there is a 15 billion float and a major stockholder sold shares, this would explain the huge volume. I recommend that a true picture of the number of shares in the float and the remaining restricted shares be ascertained. The company can easily find out who sold huge share blocks and who are the owners. It seems that 10 billion shares were possibly converted and sold. This would explain why there might be no Naked Shorts and a huge volume with no price change. Buyins should be able to find this out. I own 345 million shares and will increase my position. (A) We are investigating to get to the bottom of the actual float. It seems that many of our large shareholders have deposited shares but there are 2 billion Objecting Beneficial Owners according to ADP so we don't know who they are. I believe the float may be 15 billion or higher but the outstanding remains around 30 billion. (Q19) Doesn’t every company have its own market maker who promotes the stock? If they do what is PAIM's market maker doing to BOOST the PPS ?? (A) MM only represents themselves or retail shareholders but not the company. Sometimes MM become bullish on a company and will help when they can, but they have lots of rules and regulations to follow. (Q20) I am a stockholder from Belgium. I don't really understand what you want to do to increase de stockholders value ; your last PR is in my point of view a reverse merger and in such a case the stock value often decrease. (A) No, this has nothing to do with a reverse merger, and we hope that this action will increase shareholders' value in PAIM. (Q21) Your previous PR about dividends was not correct; they are totally restricted (not possible to sell them this was not mentioned in the related PR. (A) Because there is no symbol yet for the preferred does not mean they are restricted. No market can develop until a symbol is created, which we hope to have in the near future. (Q22) Is there any prospects for the future of this company, you seem, by your web-site to believe in GOD, as I do. I hope some honest insight will be forth coming. (A) We are working day and night to make PAIM a successful and profitable company. Keep the faith, and may God bless you abundantly. (Q23) Why is the stock .0000 ? Is this how that market works sir? (A) Supply and demand determines the price per share but the stock rarely ever trades below .0001. (Q24) WHERE ARE all the shares that are selling coming from?? (A) From all the shareholders and we believe also from naked shorting, but will have to wait until the new rules are effective to learn the amount of shorting. The Company has not sold any shares privately during the heavy volume that has recently occurred, (and has never sold shares publicly at any time). I've done a little research and learned that people believe because PAIM trades OTC unsolicited Pink Sheets, that Market Makers can not buy and sell shares for their own account. However, from what I have learned, that rule only applies when the Market Maker puts his or her call letters on the Pink Sheets. If NITE, one of the market makers, for example, doesn't show their call letters on the Pink Sheets, it is my understanding that they can buy and sell (short) for their own account through verbal and electronic orders. There are hundreds if not thousands of Market Makers that do not show their names on the Pink Sheets for PAIM so in theory any one of those could sell short. Sometimes you see market makers come and go more than once in the same day. There could be two reasons for that. One is that they indicate retail unsolicited orders only while they hold same. Or, decide they want to buy or sell for their own account, so they drop their call letters from Pink Sheets while not indicating the retail orders they are working. There is also the possibility that some of the powerful market makers, for example such as NITE break the rules and pay big fines when they get caught. I remember reading somewhere that they paid huge fines in the past. (Q26) What are PAIM's goals for this year, 2006? (A) (1) Get all the Pearl Asian Gold Claims into production. (2) Report profitability within this year.(3) Register and move into a new listing (4) That all current PAIM Shareholders will be able to sell their shares for a profit, and all PAIM’s employees and its host communities be happy and successful. (5) Make PAIM the leader in the Philippines Mining Industry. (6) Continue to share with the poorest of the poor in the Philippines through donations, job creation and community development. ABOUT THE COMPANY: Pearl Asian Mining Industries, Inc. is a fast growing gold mining company that is in its active exploratory, developmental and pre-production stages with mining interests and claims in the Philippines and Canada.
FORWARD- LOOKING STATEMENTS: Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Posted by ohio_trader on :
where is Intimatrader, Mu Meson, Cactus...hope you guys stayed for this run and reloaded you really supported this thread at its lowest, the bashers all left,them fools, i've made a 10 bagger plus and made a 3 bagger early march on PAIM, anyone whoever bashed this stock this year is a FOOL, so much $$$$$$$$$ to be made, if you don't know the game, Your Bad! WHERE ARE THE BASHERS FROM MARCH< APRIL< MAY< JUNE< AND JULy>>>>>>>WHERE ARE YOU ??????????????????
broke again,lolololololol
Posted by Chopper on :
Hmmmmmmm
PAIM - PEARL ASIAN MNG WY (OTC) Date Open High Low Last Change Volume % Change 07/27/06 0.0015 0.0045 0.0014 0.0035 +0.0013 790801313 +59.09%
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy 20-Day Average Volume - 572242313
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 349332813
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 616836688
Overall Average: 96% - Buy
Price Support Pivot Point Resistance
0.0035 0.0000 0.0031 0.0062
Posted by Hitman on :
Any shares of PAIM that u buy now .... are not restricted... and will never b restricted... so buy and sell all you like..... Good nite goin to bed..... Lookin 2 mk lots of $$$ 2moro
Posted by ohio_trader on :
quote:Originally posted by megahead34: So what is up with the debenture? I'm still confused about that. I had 1980000 like last week, now its 1980? Symbol is still None. What will happen with this?
----------------------------------------- worth $1,980 in 5 years
Posted by JL on :
quote:Originally posted by Hitman: Any shares of PAIM that u buy now .... are not restricted... and will never b restricted... so buy and sell all you like..... Good nite goin to bed..... Lookin 2 mk lots of $$$ 2moro
So the restrictions/CD stuff is over with? They wont be converting 90% of your position anymore? What was the timeframe for that? New to Paim doin some DD.
Posted by Ripler on :
so if I convert my preferred to common from 1 bil to 1 mil, I would actually have 1 million shares ready to trade?
sounds too good to be true..
Posted by Hitman on :
If you own the restricted shares of PAIM you wil not b able to trade them for one year... unless PAIM releases them earlier...... PAIM is betting that your restricted shares will b worth more in a year than they are worth now..... which increased the stockholders/your value (u make more $$$) plus PAIM gained a better foothold on the market NOW.. (Which is demonstrated in the UP Swing now taking place).....
They considered this move a creative effort for everyone to gain value........ So if you own the restricted shares now.... They could be worth lots one year from now.... We just never know....
However..... by PAIM making the move to create the Restricted Shares...... It has allowed PAIM stock to really gain value.... and if you have been buying recently..... your SHARES (just purchased) HAVE really gained value....... Conclusion: SO FAR THEIR PLAN HAS WORKED!
Posted by Stockguru06 on :
what we saw yesterday,is that covering of shorts and what is going on here?
Posted by Stock on :
mornin' who ever is up and on..lets see what we got today
Posted by JerZeyDeViL on :
Morning all and good luck!!!
Posted by JerZeyDeViL on :
Ick....bid and ask just dropped with 2 minutes to go.....25x35
Posted by JerZeyDeViL on :
HAHA.....002...now thats some serious BS
Posted by megahead34 on :
What the? Haha, that is so strange. MMs totally playing with shareholders.
Posted by rimasco on :
uhhhhhhhh was that just a P&D where I forgot to D?
Posted by JerZeyDeViL on :
Instead of a gap up, we gap down and drop like a rock???? Makes ZERO sense!
Posted by megahead34 on :
MMs must need some more shares for them to bring it down this much in pre-market. I'm expecting something good out of this. Lets see.
Posted by McShooter on :
MM's messing with us!!! Don't give in they will run price up again!!! They have no choice!!!
500 into 500K...You Gotta' Believe!!!
Posted by JerZeyDeViL on :
With 223 million in volume to boot???? What is going on here???
Posted by kermit42 on :
I have mixed feelings about this--my flip worked and I got back in at .0018 (after being disgusted last night, I'm happy again), but it's sacriligious to be happy about a price drop.
Last night's MOMO is still out there somewhere.
Posted by rimasco on :
ABLE ON THE BID
HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM!!??
Posted by megahead34 on :
Haha, this is so so wierd. Gotta love PAIM!
Posted by 66inxs on :
why is there a 28% drop with 236 mil trades so far? what do they know that we don't ?
Posted by ohio_trader on :
did they buy and register back 90% of the outstanding yet?
if not still a HUGE run to go!!!!!!!!!!
Posted by JL on :
Anyone got answer to my question?
Posted by Stock on :
meh...im gona go back to bed lay down for another hour or so...hopefully i come back and its at the 50s...if not, its also friday, still got hope for next week.
Posted by rimasco on :
ABLE HIGH BID......HMMMMMMMMMMMMMMMMMMMMMMM???
this guy is stuck short i tell you
Posted by JerZeyDeViL on :
At least people aren't really selling at these ridiculous levels. Since that 230 million in volume in the first 5 minutes of trading, theres only been around 30 million traded in the past half hour. I like seeing the ask stay where it is!
Posted by megahead34 on :
Ask will go over .003 very soon.
Posted by Hustla on :
Wow did anyone see that Scottrade misprint at .0003??? Says down 91%. Hope that didn't scare any Newbies LOL
Posted by JerZeyDeViL on :
HaHa....Scottrade just showed the price at .0003 for a minute and I literally fell off my chair!! Figured it had to be a glitch =)
Posted by Raytrader on :
looks like someone made an expensive mistake .0003....hate to be that guy
Posted by Raytrader on :
someone was trying to sell at .003 but probably hit an extra zero by mistake
Posted by megahead34 on :
haha that sucks. Poor guy!
Posted by JerZeyDeViL on :
Wouldn't they have to let the sell go through at the bid though?
Posted by rimasco on :
OH MAN I DIDNT SEE IT......I woulda took that SHlT!
Posted by Raytrader on :
no they dont HAVE to buy at the bid if you want sell cheaper
Posted by Ripler on :
so i cant convert my preferred to common today?
Posted by megahead34 on :
I've requested ST to do it last week, its not showing up yet. I'm not sure how long the conversion takes?
Posted by JL on :
Ripler when did you buy in?
Posted by Ripler on :
febuary .. i bought 1 mil common..so now i got 1 bill preferred..the td brokers are confused
Posted by Stock on :
is it me and my steamer, or paim didnt get a single trade for the past 15 minutes ?
Posted by timstl on :
hmm..
this is showing up in my AT account now:
PEARL ASIAN MINING INDUSTRIES CORPORATE DEBENTURE
0.63
0.00
0.00
0.00
Under 'Bonds' ... real confused. this is what can be converted to common shares, correct?
Posted by megahead34 on :
Yea, this is so wierd. No action in volume. Whats up with that? Are MMs not accepting buy/sell trades or something?
Posted by JL on :
Ripler how long after you bought were your shares converted? If people buy today will shares be converted still? Or is that over now.
Posted by megahead34 on :
haha look at the dip with that .0003 trade.
Posted by Stock on :
this is ODD...this thing just not only slowed trading but it just STOPS for minutes...and when its moving fine, the bid and ask stay the same....when its not moving the bid is moved to 29....hmmm
Posted by Ripler on :
haha yeeeep PAIM has always been "sketchy" like this.. thats what makes it soo fun Posted by Stock on :
well they can raise the bid all they want...i want to see that buying pressure we had for the past couple of days that even after kept the bid/ask at the same level. JUST LET IT RUN GOD DAMN IT
Posted by rimasco on :
HERE WE GO???
Posted by Stock on :
what do i hear...oh its the RICE COOKER!
Posted by megahead34 on :
Haha insane. It went up nicely.
Posted by needthecash on :
run is setting up to take off!! Lets rock!!
Posted by Stock on :
come on! we need some ahole to buy at 4 !
Posted by Stock on :
lol im gona buy 1 share at 4 so our porfolios look better.
Posted by megahead34 on :
This is outrageous. Its more fun watching PAIM then watching anything on TV.
Posted by J_U_ICE on :
looking good
Posted by Stock on :
no pressure at all...we are gona get back to where we were...sad
Posted by megahead34 on :
look at the spread. Insane.
Posted by Stock on :
LETS HAVE A GROUP PLAY. WE ALL SPEND A LITTLE MONEY at 4 to bring it up lol Posted by Stock on :
lol, 1000 shares at 0.004, now thats what im talking about
Posted by Raytrader on :
the debenture cannot be converted untill paim posts a $value$ to your account according to AT
Posted by megahead34 on :
haha it worked. It went up.
Posted by megahead34 on :
Do another group play so it can go up more!
Posted by Raytrader on :
quote:Originally posted by timstl: hmm..
this is showing up in my AT account now:
PEARL ASIAN MINING INDUSTRIES CORPORATE DEBENTURE
0.63
0.00
0.00
0.00
Under 'Bonds' ... real confused. this is what can be converted to common shares, correct?
once paim post a value it should show that your bond value is $650 and then you can call and request a conversion of 10% of that into common shares at .01 ps
Posted by J_U_ICE on :
.004 getting slapped IKE TURNER STYLE
Posted by Raytrader on :
IMO the conversion will only be worth doing if PAIM goes <.01
Posted by Ripler on :
I talked to my broker...so he says my 1 billion preferred shares are 10,000 to 1 common if i want to convert now.. Im considering it
Posted by megahead34 on :
Yes, i converted half of my preferred shares. But ST is still working on it. It's been a week and i see nothing changed in my account.
Posted by Raytrader on :
absolutly the preffered share exchange would be worth doing now...but the debenture would not be worth doing at this point
Posted by rimasco on :
quote:Originally posted by J_U_ICE: .004 getting slapped IKE TURNER STYLE
LMAO!!
Posted by rimasco on :
Maybe we'll get an end of day MUSHROOM CLOUD like yesterday
Posted by Raytrader on :
this has been a loooong bumpy ride...but profitable for some
Posted by Ripler on :
the shorting is not as prominant as expected.. i wonder if it will make .01 in this short term
Posted by Lionking on :
Hello Friends,
I bought 1.5 mil and 1 mil PAIM totalling 2.5 Mil after 90% buyback what i See in my account is 2.5 Mil contract and 1.5 mil as preffered shares could anybody explain me how this happened is my preffered shares number are correct or it should be more?
And please explain me how and at what price we can convert perffered shares! is it worth to do it now?
Now everybody is talking about debantures, is my 2.5 mil contract is debanture and what is the story behind converting them?
I would really apperciate you help in this i am completely confused.
HAPPY PAIM!!!!!!!!!!
Thank you in advance.
Posted by Stock on :
im glad i got my hands on my 2 mil AFTER the whole preffered/convergence crap now i need this sucker to move UP
Posted by Stock on :
this suks...prices changes in our favor but no hands to buy...its been slow all day for the first time since i have been watching it...volume is pretty low compared to where it has been the past couple days...meh
Posted by plni on :
Some one please tell me what I should with 3 bill perfered shares.
Posted by JerZeyDeViL on :
This is one wacky stock!
Posted by JerZeyDeViL on :
I mean seriously....think about this logically. We were trading between .0035-.004 about 20 minutes ago. Who in their right mind would be selling at .0025 right now?? I don't care how scared some people might be, no SMART person would be selling right now so it's gotta be games by the MM's IMO. Just doesn't make any sense at all to sell at .0025 when we were just at .004. Common sense!
Posted by megahead34 on :
Reading from another Forum:
Quote: Originally Posted by Lee Thats what i just got from ScotTrade trying to place an order for another million shares of PAIM
Ill be damned if im calling my local branch to place the order because they are about as much use as a hole in the head lol
This is why we are in the red right now. MM's have control as many invetors can't buy. The only thing the MM's can do is get you to sell so they can get your shares. Some brokers are allowing buys but those are the brokers that have the required shares to send or have all ready sent to DTC. All you have to do is DONT SELL YOUR SHARES. Remove any stop loss or sale orders so you don't get caught in a shake down accidentally.
Posted by JerZeyDeViL on :
Yup...scottrade not allowing anymore buys online. This is getting crazy! Just not sure if it's in a good way or bad, lol
Posted by megahead34 on :
Yea, that could be a reason why no buys are going thru and volume is low. What does this mean if a stock is restricted? If the shares are short and the stock is restricted, is that a good or bad thing?
Posted by Stock on :
scottrade said : paim = no more online buys...gota go through them...hmmm wonder what this is all about, i never seen or been in a weirder stock.
Posted by megahead34 on :
Did you ask why?
Posted by JerZeyDeViL on :
Here is a post from another site regarding why Ameritrade isn't allowing trading online...I'm assuming it's the same with scottrade.
" Here is the official email from Ameritrade:
I apologize for any confusion. As of 7/28/06, PAIM has been added to our suspicious trading symbols list and now requires that opening transactions be placed via a broker.
When a stock has been reported to TD AMERITRADE by various third party sources as having suspicious trading activity associated with it, we may make the decision to add the symbol to the suspicious trading list. Once this happens trades for these securities can only be done through a broker.
You are welcome to call 888-871-9007 between 7:00 a.m. and 5:30 p.m., excluding market holidays, to place the trade with a broker at the Internet rate.
Thank you,
Toni B. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE"
Posted by JerZeyDeViL on :
Now it really ticks me off when these brokerages use this excuse. It just doesn't make sense and they contradict themselves. Basically what they are saying is that they are looking out for us by not allowing us to buy online because of suspicious trading activity, but if we call them up they will be more then happy to screw us??? Can someone explain the sense in that?
Posted by Stock on :
suspicious ?
Posted by Chopper on :
Is this another PAIV disaster in the making?
Posted by JBravo on :
Dont they get sick of playing with themselves
Posted by jdm03 on :
quote:Originally posted by JerZeyDeViL: Here is a post from another site regarding why Ameritrade isn't allowing trading online...I'm assuming it's the same with scottrade.
" Here is the official email from Ameritrade:
I apologize for any confusion. As of 7/28/06, PAIM has been added to our suspicious trading symbols list and now requires that opening transactions be placed via a broker.
When a stock has been reported to TD AMERITRADE by various third party sources as having suspicious trading activity associated with it, we may make the decision to add the symbol to the suspicious trading list. Once this happens trades for these securities can only be done through a broker.
You are welcome to call 888-871-9007 between 7:00 a.m. and 5:30 p.m., excluding market holidays, to place the trade with a broker at the Internet rate.
Thank you,
Toni B. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE"
I bought online this morning using Ameritrade
Posted by Stock on :
quote:Originally posted by jdm03:
quote:Originally posted by JerZeyDeViL: Here is a post from another site regarding why Ameritrade isn't allowing trading online...I'm assuming it's the same with scottrade.
" Here is the official email from Ameritrade:
I apologize for any confusion. As of 7/28/06, PAIM has been added to our suspicious trading symbols list and now requires that opening transactions be placed via a broker.
When a stock has been reported to TD AMERITRADE by various third party sources as having suspicious trading activity associated with it, we may make the decision to add the symbol to the suspicious trading list. Once this happens trades for these securities can only be done through a broker.
You are welcome to call 888-871-9007 between 7:00 a.m. and 5:30 p.m., excluding market holidays, to place the trade with a broker at the Internet rate.
Thank you,
Toni B. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE"
I bought online this morning using Ameritrade
they just started stopping online buys, gota go through your broker over the phone...i wouldnt do that but thats all thats left now to grab some PAIM...hopefully this means something good ( lol )
Posted by megahead34 on :
yea, seems like morning was ok. But now its restricted.
Posted by megahead34 on :
Wow, its been 30 mins and no trades.
Posted by Ripler on :
I really hope the best comes out of this because I have a bad feeling for everyone about it now
Posted by JL on :
quote:Originally posted by Stock: im glad i got my hands on my 2 mil AFTER the whole preffered/convergence crap now i need this sucker to move UP
So if people buy from here on out...there is no more of that preffered/convergence stuff? So if someone holds overnite somehow overnit their shares wont be converted? Just started following this one
Posted by CashCowMoo on :
hey sorry to jump in late on this, but i didnt feel like combing through 104 pages for the answer.
did PAIM do a split recently? what is the O/S and A/S of PAIM?
thanks
Posted by vinnie1 on :
so whats this going to do for us that are holding shares.
Posted by ohio_trader on :
we should sue the he*** out of ameritrade and scottrade, this is illegal manipulation for them to recover!!!!!!!!!!!!!!!
Posted by vinnie1 on :
fuk fuk fuk anyone think we get some money back?
Posted by ohio_trader on :
ameritrade is accumuluating shares back illegally....lawsuit, lawsuit, SEC>SEC>SEC...where are YOU????
Posted by vinnie1 on :
HOLD OR CALL MY BROKER AND SELL?
Posted by vinnie1 on :
SELL OR HOLD???????????????????
Posted by ohio_trader on :
quote:Originally posted by ohio_trader: ameritrade is accumuluating shares back illegally....lawsuit, lawsuit, SEC>SEC>SEC...where are YOU????
-----------------------------
ameritrade is criminal!!!!!!!!!!!
Posted by Stock on :
whats wrong with them accumulating shares..fuk em'...let them have all the shares...as long as they push the price up i dont give a sh1t
Posted by vinnie1 on :
there not pushing jack up. price is still .0027
Posted by Stock on :
well since they are accumulating, the only way for them to make their money is to obviousely raise it...if not today, hopefully next week..if nothing...well god damn
Posted by vinnie1 on :
they must have cut it lose i see some selling going on.
Posted by Ripler on :
although ameritrate would be responsible.. i dont think we would see a penny of anything...
Posted by vinnie1 on :
i tell you this is some fuked up sh1t.
Posted by Ripler on :
potential for high reward - high riskk
Posted by triovestor on :
Ohio I need to talk to you ...Look at my thread under .." have you been shorted by Ameritrade "
Ameritrade will have to pay ....And we need to hear from more people who have been wrongfully shorted .
Send your phone number ...We have to discuss this .
Posted by megahead34 on :
I'm telling you, there is a trend here. PAIV up, PAIM down....and vice versa.
Posted by J_U_ICE on :
I'm telling you, there is a trend here. PAIV up, PAIM down....and vice versa.
I noticed that too. Nice, because something's always up, but in the end I seem to keep coming out even.
Posted by pennyman33 on :
That post on ihub doesn't really fit the situation we have with paim.. THey are just taking some facts and trying to make it fit.. Did not say anything about the restricted shares not being returned from the brokers? Hmm.. That is the whole point here. Sure paim should be worth a cent or more when the buyback is finished and the shares are delivered from the brokers.. But the short shares is reason most people are in this.. Most dont care if paim finds gold or not. Some people have got letters from their broker about having to cover because they sold restricted shares. Ameritrade make a mistake and let people sell restricted shares.. Look at this user's post history. This poster is another one of those "Im trying to save the world from scams" people. I am tired of seeing these people on forums.. IF they want to do something to help society they need to go volunteer at their local red cross and get the hell off the forums. Or donate some of their mega cash (since they are stock gurus) to a good charity. In the last few months idiots/people sour on life/false prophets like this have cost me several multbaggers.. Its easy to find things wrong with a stock. They can say what they want and just disappear if the stock goes up. They will only come back if things get bad to try to appear as a prophet.Some might not even hide they will just keep spouting their endless bs no matter how the stock does. Any one new to investing beware of these "stock prophets". As they will do just as much damage to a newbie as a P&D pumper or the lowlife basher. What I have learned is that if you hold a penny stock too long or get in too high you will loose money.. Most of the time greed is the reason one holds too long. I have let greed get the best of me at times also.
Posted by jayminho on :
yep
im in at .004 with 1m shares, like someone here stated as well, i am glad to be in after all this conversion mess.
and what i will do now ?
hold.
dont freak out for no apparent reasons.
this is it.
good luck to all of us!
Posted by J_U_ICE on :
quote:Originally posted by pennyman33: That post on ihub doesn't really fit the situation we have with paim.. THey are just taking some facts and trying to make it fit.. Did not say anything about the restricted shares not being returned from the brokers? Hmm.. That is the whole point here. Sure paim should be worth a cent or more when the buyback is finished and the shares are delivered from the brokers.. But the short shares is reason most people are in this.. Most dont care if paim finds gold or not. Some people have got letters from their broker about having to cover because they sold restricted shares. Ameritrade make a mistake and let people sell restricted shares.. Look at this user's post history. This poster is another one of those "Im trying to save the world from scams" people. I am tired of seeing these people on forums.. IF they want to do something to help society they need to go volunteer at their local red cross and get the hell off the forums. Or donate some of their mega cash (since they are stock gurus) to a good charity. In the last few months idiots/people sour on life/false prophets like this have cost me several multbaggers.. Its easy to find things wrong with a stock. They can say what they want and just disappear if the stock goes up. They will only come back if things get bad to try to appear as a prophet.Some might not even hide they will just keep spouting their endless bs no matter how the stock does. Any one new to investing beware of these "stock prophets". As they will do just as much damage to a newbie as a P&D pumper or the lowlife basher. What I have learned is that if you hold a penny stock too long or get in too high you will loose money.. Most of the time greed is the reason one holds too long. I have let greed get the best of me at times also.
I'm in this stock big-time but the point is to give more than one side of the story.
Posted by vinnie1 on :
if any one here has a clue of what they think will happen monday please post your thoughts.
Posted by Stock on :
now that more than one broker firm is restricting the online buys...i see the volume decreasing next week. I just wish we could get a little more info about this whole buyback/conversion/shortage/coverage crap so we can at least "try" to predict anything" im still in holding to my 0.0022 entry
Posted by tyleemary on :
quote:Originally posted by vinnie1: i tell you this is some fuked up sh1t.
You can mispell the curse words all you want, but It would be nice to be more educated and "professional" ?
Posted by vinnie1 on :
who asked you.
Posted by rimasco on :
Posted by: miami_vice In reply to: EricG who wrote msg# 16799 Date:7/28/2006 9:01:22 PM Post #of 16803
I called scottrade earlier and they admited to having problems. That you could only call in to place order.
I asked him why this was, and why ameritrade was having same issues throughout the week, and brought up the question about shorts. He paused and said "i duno" in one syllable. I asked him if he really didnt know, or that he said i duno because hes suppose to not know. and he said "i duno" in one syllable again.
He seemed pretty eager 2 get off the phone once i metioned the word short, but w/e, you guys can take it how u want. I will take it how i did.
something is up.
Posted by vinnie1 on :
i was thinking about calling scottrade on monday. and will post what they tell me.
Posted by SherriT on :
I will try to call Scottrade too - my local broker knows me now on sight (newbie running in and out adding $) so she might accidentally slip...;-)
Posted by vinnie1 on :
i think that every 1 here who owns paim should call there broker monday and ask them.1 of us may get the truth
Posted by singledadandhappy on :
been away for a few (get the truth on what? )
Posted by Ripler on :
quote:Originally posted by singledadandhappy: been away for a few (get the truth on what? )
supposedly you can only place buy or sell orders by calling the broker by phone.. no more online.. I guess the brokers are watching PAIM carefully
Posted by chevon2020 on :
Anyone know if this is just with those brokers? Anyone having a problem with Choicetrade?
Posted by BuckyBarnes on :
I have been able to place my sell order online with Scottrade for a maximum of .04, as Scottrade's limitations will not let me enter a higher price, otherwise I'd have it set at $.10.
As it is, I plan to raise my sell price at the trading pps climbs.
Otherwise I have experienced no problem at Scottrade blocking the placement of orders online, yet, and I hope I do not else, I'll be on the phone to them in a heartbeat.
Posted by Porsche on :
I had a friend try to place an order at about 9:30 central time for it through scottrade and it said he had to call. He could not do it online. About 45 min before that I was able to place my buy order...and got in at .0025
Posted by aka the law on :
I was able to buy 150000 shares of paim late friday afternoon around 3:30 with E-Trade. NO problem.
Posted by rimasco on :
quote:Originally posted by BuckyBarnes: I have been able to place my sell order online with Scottrade for a maximum of .04, as Scottrade's limitations will not let me enter a higher price, otherwise I'd have it set at $.10.
As it is, I plan to raise my sell price at the trading pps climbs.
Otherwise I have experienced no problem at Scottrade blocking the placement of orders online, yet, and I hope I do not else, I'll be on the phone to them in a heartbeat.
Are you kidding??? Thats the most ridiculous thing Ive ever heard. And it makes me think....why would they give you a limit on the sale...and at such a low PPS? Could it be that scottrade has tons of shorts out there? Its the only logical explanation. I dont even know if its legal with these parameters...LMAO!!
I would tell them to first suck a fart out of my ass..THEN.. to acat my account over to AB Whatley (I use them) call 646 753-9301 ask for George. They only charge 5.50(with breakpoints for cchurners like mysef) a ticket and on top of that there system DESTROYS everyone elses. Ive been using there system for 6 months and only went down ONCE...thats and insane stat. Ive been doing this for 9 1/2 years and went through alot of systems.
Posted by Hitman on :
No problem with scottrade ..... I bought in friday morning and sold later friday.... all online and really fast trades
Posted by Ripler on :
I guess its just some people...shouldnt affect everyone
Posted by banah18 on :
monday we see 0.007 Posted by Ripler on :
quote:Originally posted by banah18: monday we see 0.007
that would be nice...many also clearly agree with you..we'll just have to see
Posted by JerZeyDeViL on :
So what does everyone expect to see this week....Realistically? Think we're gonna tank? Move up? Stay the same? Continue the ridiculous trading patterns? Settle down?
Emotions aside, I'm just curious what everyone thinks. I personally hope it skyrockets and we have a great week, but I have a bad feeling that it's not gonna be the week we're all hoping for. Hope that feeling is wrong!
Posted by kermit42 on :
quote:JerZeyDeViL Member -------------------------------------------------------------------------------- So what does everyone expect to see this week....Realistically? Think we're gonna tank? Move up? Stay the same? Continue the ridiculous trading patterns? Settle down?
Yes, I think that's exactly what it's going to do. Except that last one.
Posted by Ripler on :
quote:Originally posted by JerZeyDeViL: So what does everyone expect to see this week....Realistically? Think we're gonna tank? Move up? Stay the same? Continue the ridiculous trading patterns? Settle down?
Emotions aside, I'm just curious what everyone thinks. I personally hope it skyrockets and we have a great week, but I have a bad feeling that it's not gonna be the week we're all hoping for. Hope that feeling is wrong!
I have the same bad feeling actually but i hope it flys...i still have sum in here and wish to get some more loot
Posted by Hitman on :
Scottrade never lets you put a high Limit order to sell a penny stock that you own.... Thats one of the neg about S.Trade ....
Posted by 4Tune4Me on :
I put in a sell order w/Ameritrade and it was accepted ...no messages declining the trans.
Posted by Stock on :
hmmm
Posted by Bigrod40 on :
Nobody selling!! MMs only going to go higher! Lets let them sweat for the morning!
Posted by 4Tune4Me on :
Selling at .10 Bigrod Posted by Stock on :
the volume has been going down ever since broker's stoped accepting online buys...still...its SO LOW and SLOW right now...
Posted by rimasco on :
i think if this thing break 004 today we might see a nice pop Posted by rimasco on :
Posted by: shakerzzz In reply to: warren_buffsit who wrote msg# 154128 Date:7/30/2006 9:24:12 AM Post #of 155160
still in a bunch of paim bud weeeeeeeeeeeee
Posted by 4Tune4Me on :
MM's/Brokerages are going to need to recoup their losses from getting caught in the squeeze...I'm betting once the dust has settled, this one will be heading North bigtime.
Posted by Stock on :
we have been saying that for a week...volume is so low no one is recoupin sh1t. This needs to move...buys stack up and ticker moves down
Posted by 4Tune4Me on :
Stock, investors are last on the list to win on this one...do what you need to do, man.
Posted by Fuzzy1018 on :
wow this board is dead
Posted by Fuzzy1018 on :
imo we'll bounce up from here
Posted by Fuzzy1018 on :
big volume coming in
Posted by stocktrader22 on :
Yea I think this should move back to at least closing price.
Posted by rimasco on :
If you guys dont mind im gonna go back into my ULTRA pessimistic mode (it seened to have worke last week. popped to 0045)
We should change the name of this thread to "Bag-Holders Fourm"
Posted by stocktrader22 on :
lol...should go up from this level
Posted by rimasco on :
quote:Originally posted by Stock: we have been saying that for a week...volume is so low no one is recoupin sh1t. This needs to move...buys stack up and ticker moves down
LOL...what does it mean when a stock trades 134 mill and is considered SHlT volume....Its true but hysterical
I looked it up and it said it means theres alot more BAGS in the float
Posted by stocktrader22 on :
looking solid here
Posted by rimasco on :
Like a persons stoole with too much fiber
Posted by 4Tune4Me on :
Lovely visual, rimasco....keep em coming, your ultra pessimism seems to be working.
Posted by rimasco on :
Im gonna ask for my stock certificates so I can shred them and fertilize my tomatoes with this DUNG!!
Posted by 4Tune4Me on :
YEAH!!!
Posted by rimasco on :
Posted by: warren_buffsit In reply to: shakerzzz who wrote msg# 155336 Date:7/31/2006 12:08:15 PM Post #of 155357
PAIM >> LIKE A PHILANTHROPIST AT A SPERM-BANK!!
W.B.
Posted by rimasco on :
Nothing to see here!! LOL
Posted by rimasco on :
AAAAAAHHH that was just a BS PUMP Posted by Fuzzy1018 on :
we're goin' up yaaaaaaa
Posted by vinnie1 on :
maybe they let this baby run now.
Posted by 4Tune4Me on :
rimasco, dude, it's working man.
Posted by Fuzzy1018 on :
any predictions fro close today; i say over .003
Posted by rimasco on :
Dont be fooled....I seen more action in a nursing home
Posted by Chad on :
lol RIM. just looked at my Scottrade account. Apparently this is on their NO BUYS/NO SELLS list right now? unless that just means you have to call, not sure.
Im not selling now anyway, so it dont matter. Still have my sell set at a penny. hahahahahaha
Posted by 4Tune4Me on :
Somebody kick the ticker....let's get this party started.
Posted by rimasco on :
quote:Originally posted by Chad: lol RIM. just looked at my Scottrade account. Apparently this is on their NO BUYS/NO SELLS list right now? unless that just means you have to call, not sure.
Im not selling now anyway, so it dont matter. Still have my sell set at a penny. hahahahahaha
HMMMMMMMMMMMMMMMMMMMMMMMM!!???
Posted by rimasco on :
Maybe they're getting bought out at 1.00???
(the makings of a rumor)
Posted by Chad on :
maybe these damn brokers have been covering lately, doing bs things with the buys and sells, trying to cause selloff panic, only to nab our shares....then oneday, boom....they finally let it go as so many had predicted......
or.....maybe Im being azzraped and dont know it yet. lol
if it hits .004 at some point this week, i'll at least call Scottrade to ask if Im able to sell some.
Posted by rimasco on :
Im gonna go with D.All of the above
Able to the bid.........HMMMMMMMMMMMMMMMMMMMMMMM???
Posted by Chad on :
they coulda at least warned me before the rape, or at least used some lube! haha
in all fairness though, if I wasnt an idiot, i coulda flipped this twice i think for 100% gains since the 21st. lol
in fairness to myself though, I was stuck in it til Wed(unsettled funds), the day after it shot up to .0065. someone doesnt like me I thks!
Posted by J_U_ICE on :
With the beginning of pinksheet and OTC short reporting http://www.pinksheets.com/about/pr_072606.jsp , there has been an unusually large number of instances where brokers (etrade, Ameritrade, Scottrade, Schwabb) have started restricting online trading in either buying, selling, or both.
List of Stocks being restricted from Online Trading
DDSI Ameritrade - no online buys
FHAL A.G. Edwards - no online buys
INSN Ameritrade - no online buys Scottrade - no online buys
IPRE Etrade - no online buys or sells Ameritrade - no online buys Scottrade - accepting orders Scwabb - no online buys
PAIM Ameritrade - no online buys
PAIV
RMDG
SEIH Scottrade - no online buys
Posted by Fuzzy1018 on :
i have bought and then sold half my position today with choicetrade
Posted by tonicma on :
Looks like PAIV all over again. Watch this stall for a bit than boom when you most unexpected.
Posted by 4Tune4Me on :
That's how I'm playing this one.
Posted by stocks1984 on :
if we close at the EOD with DOJI, expect tomorrow to close in the green! maybe 20 - 30 percent gainer. A DOJI that forms in a downtrend shows sellers are weakening and indecesion is taking place. That means , a probable bounce from here. I am watching this one closely at the end of the day. Again, if this closes on a DOJI for todays candle , i am going to buy more
Posted by Chad on :
Hope so tonicma, i think its already started its lull....since I'd say last Thursday, even though it had that quick burst towards EOD. I wish I'd have flipped or had more money. To me buying at 002 is an easy double, 0025 is good possible double....and I dont think it'll to long. .005 in a week. penny in less then a month....I may puke, but I said it. lol
Posted by Chad on :
also noticed the spreads are odd today. seen ask at .0025 while stock was at .0021. All I can think is brokerages and MM's know more then I and have something cooking Im sure.
Posted by rimasco on :
Does anybody know the excuses the trading houses are giving for the restrictions???
Posted by yayplaya on :
i tried placing another order at .0017 when it dipped and TDA required i call a broker. after i did, they placed my order and said only the standard 9.99 is charged and I should have no problem selling online. says its on their suspicious stock list and requires all purchases or changes to the order to go through broker but sale is ok online.
Posted by Chad on :
ya RIM, they f'd up and now are trying to cover themselves. lol honestly not sure.
Posted by rimasco on :
quote:Originally posted by yayplaya: i tried placing another order at .0017 when it dipped and TDA required i call a broker. after i did, they placed my order and said only the standard 9.99 is charged and I should have no problem selling online. says its on there suspicious stock list and requires all purchases or changes to the order to go through broker but sale is ok online.
HMMMMMMMMMMMMMMMMMMMMMMM!!!!!???
I Smell a rat.......oh wait my cat farted
Posted by yayplaya on :
i tried askin the first guy and the broker what suspicious list is all about and what it means for the stock and stockholder and badgered him for a bit but he said its nothing, honestly sounded shaky with his quick replys "no, nothing to worry about" I asked what gets a stock put on the list and he didnt know supposedly, just said suspicious trading activity...
Posted by stocks1984 on :
quote:Originally posted by stocks1984: if we close at the EOD with DOJI, expect tomorrow to close in the green! maybe 20 - 30 percent gainer. A DOJI that forms in a downtrend shows sellers are weakening and indecesion is taking place. That means , a probable bounce from here. I am watching this one closely at the end of the day. Again, if this closes on a DOJI for todays candle , i am going to buy more
does anyone have a theory to this?
Posted by stocks1984 on :
wow this thread is dead!
Posted by Stock on :
this thread reflects the stock's activity...kinda normal
Posted by rimasco on :
EOD TANKAGE??? Posted by rimasco on :
quote:Originally posted by stocks1984:
quote:Originally posted by stocks1984: if we close at the EOD with DOJI, expect tomorrow to close in the green! maybe 20 - 30 percent gainer. A DOJI that forms in a downtrend shows sellers are weakening and indecesion is taking place. That means , a probable bounce from here. I am watching this one closely at the end of the day. Again, if this closes on a DOJI for todays candle , i am going to buy more
does anyone have a theory to this?
A Doji star (which looks like this + on a chart) Is sometimes an indicator of a reversal from the previous trading sessions
Posted by rimasco on :
It would be nice if we could close above 0025 (10 day mvavg)
doesnt look it
Posted by rimasco on :
OH man what a nasty close.....
Posted by stocks1984 on :
should see .0024 as close
Posted by Fuzzy1018 on :
.002 close- sux
Posted by stocks1984 on :
yep sux
Posted by Stock on :
that was a pretty homosexual day
Posted by Ripler on :
DOJI does indicate an increase for tomorrow.. but with the unpredictability of this stock, we may see it drop a little lowerin 2-3 days, if not tmrw.
[ July 31, 2006, 20:24: Message edited by: Ripler ]
Posted by JerZeyDeViL on :
quote:Originally posted by Chad: also noticed the spreads are odd today. seen ask at .0025 while stock was at .0021. All I can think is brokerages and MM's know more then I and have something cooking Im sure.
This has been trading CRAZY for the past week! Just came across this and thought it was an interesting read since it fits the trading pattern here, whether it applies here or not:
IMPORTANT Some ways MM's entice sellers: 1. Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread. Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread.
2. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon. Hopefully, after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over. Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular. These techniques work about 9 times out of 10 particularly in a BB market. However, that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped.
Posted by banah18 on :
I agree , this stock will go up
Posted by Stock on :
market opens....0 volume. wow
Posted by megahead34 on :
Seems like the restrictions are on all brokers. It doesn't make sense for this to be so active and suddenly dead. What do you guys think?
Posted by Thomas Mick on :
I think the damn brokers are messin with my money! What is the deal?
Posted by megahead34 on :
So is it just Ameritrade and ST that have PAIM as restricted? Can someone please post any other brokers with the same issue?
Posted by Fuzzy1018 on :
i have choicetrade and i can buy/sell online at anytime
Posted by Raytrader on :
BIG run coming soon!!!!
Posted by kermit42 on :
Right now it's a great flipping stock. You can make money and suck shares from the shorters.
BUT...I use ATD so I'm afraid to sell. If I can't buy back in then I'm hanging on to my shares. Hopefully there are enough people like me out there that the brokers' tactic will backfire.
Posted by stocks1984 on :
again, i am looking for a doji or a long white candle for probable bounce confirmation! watch, dont know if it will happen today or tomorrow but fairly soon
Posted by Raytrader on :
quote:Originally posted by kermit42: Right now it's a great flipping stock. You can make money and suck shares from the shorters.
BUT...I use ATD so I'm afraid to sell. If I can't buy back in then I'm hanging on to my shares. Hopefully there are enough people like me out there that the brokers' tactic will backfire.
thats exactly my dilema I wanted to sell last week but I know somethings up.."restricting BUYING?" somethings up....it would be silly to sell now now to flip when all the signs are showing that the brokers want this stuff back as cheap as possible. if this were a "CRAP" stock then the brokers wouldnt care about shorting it and would sell all that we wanted to buy at this point like they have before, but "oh crap" they say, PAIM is actually gonna fly.... so I would suggest holding for a long time to come, DONT screw yourselfs out of some easy money dont sell till you have made a nice chunk of $$$
Posted by vinnie1 on :
HOLD HOLD HOLD BUY BUY BUY
Posted by Chad on :
was tryn to see some here at .0025 so I could buy another stock and can u believe they actually sold a block of 1144 shares. lol thats like less then $3. wierd!
PS, still keeping over half my investment here guys till at least .005. Dont want anyone to think Im bailing, just needed to free some cash. Posted by vinnie1 on :
.01 lets go baby
Posted by Raytrader on :
quote:Originally posted by JerZeyDeViL:
quote:Originally posted by Chad: also noticed the spreads are odd today. seen ask at .0025 while stock was at .0021. All I can think is brokerages and MM's know more then I and have something cooking Im sure.
This has been trading CRAZY for the past week! Just came across this and thought it was an interesting read since it fits the trading pattern here, whether it applies here or not:
IMPORTANT Some ways MM's entice sellers: 1. Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread. Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread.
2. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon. Hopefully, after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over. Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular. These techniques work about 9 times out of 10 particularly in a BB market. However, that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped.
look at USXP a few months ago....did the exact same thing.....shorted big time
Posted by stocks1984 on :
like to see this move up into the .003's, dont know if this will be accomplish, but lets see
Posted by Chad on :
Ray, so how did it work out for USXP? did it finally take off. If so, how long did it take to go? I remember hearing about it, never researched though.
Posted by vinnie1 on :
would love to stick it to these MM today.
Posted by 4Tune4Me on :
Low volume and it's goin up? Somebody forgot to give me a copy of the new rulebook...
Posted by Chad on :
man, I cant figure MMs out. I've had a sell order for some shares at .0025 for awhile now and barly sold any.....and its been over that price for some time now. U think they'd take my shares. lol
Posted by Raytrader on :
quote:Originally posted by Chad: Ray, so how did it work out for USXP? did it finally take off. If so, how long did it take to go? I remember hearing about it, never researched though.
I bought USXP*.0005 and it took a few weeks but it flew to .005 within a couple days then it fell way down into the teens again and stayed there for about a week then it took off again to the tune of about .04 ....I left it at .005 I fell victom to the MM games as posted above...I made $$ but missed out on ALOT more
Posted by AshyToClassy on :
quote:Originally posted by Chad: man, I cant figure MMs out. I've had a sell order for some shares at .0025 for awhile now and barly sold any.....and its been over that price for some time now. U think they'd take my shares. lol
DO you have it set to All or None?
Posted by Chad on :
wow! that wouldve been a great ride! both times! lol
Posted by Raytrader on :
quote:Originally posted by Chad: man, I cant figure MMs out. I've had a sell order for some shares at .0025 for awhile now and barly sold any.....and its been over that price for some time now. U think they'd take my shares. lol
well since the BID is only at .0024 your shares wont sell until the bid reaches .0025
Posted by Chad on :
ya, I know...just think its wierd theyve sat at that bid forever now. Even though its at 27. figured theyd nab my shares at 25. oh well, its been selling little portions so far.
Posted by Raytrader on :
have you been getting "partial" fills on your order...if so cancel your order cause you are gonna get raped for a commission for every transaction
Posted by megahead34 on :
Did USXP go up due to shorted shares? I got in USXP at .005 and saw it rise to .04...this was due to the superbowl promo and the so-called "Mideast Funds", nothing to do with shorted shares.
Posted by Raytrader on :
another way for brokers to cover their losses
Posted by Raytrader on :
quote:Originally posted by megahead34: Did USXP go up due to shorted shares? I got in USXP at .005 and saw it rise to .04...this was due to the superbowl promo and the so-called "Mideast Funds", nothing to do with shorted shares.
usxp was shorted just as much if not worse than PAIM .....USXP was a shorted shell just like PAIM not having anything to do with gold....USXP did not climb because they were making money it was a huge short squeeze....wich I predict is going to happen here....we are all embarking on a new era of trading....micro pennies are being shorted on such a large scale and the SEC is cracking down...and that is good for all of us inocent SHORT share holders. USXP like PAIM issued a press release about a lawsuit against an "unknown" company wich was naked shorting"...although PAIM has not talked about a lawsuit...they did issue a press release of an investigation into the shorting of their shares at thier own expense.......it seems to be working! "blow the whistle on shorting", force a squeeze, everyone makes money
Posted by Chad on :
damn....didnt know this. thx for info RAY.
Posted by Raytrader on :
quote:Originally posted by megahead34: Did USXP go up due to shorted shares? I got in USXP at .005 and saw it rise to .04...this was due to the superbowl promo and the so-called "Mideast Funds", nothing to do with shorted shares.
if their "increase in revenue" like the "press releases" were truly causing the rise in share value...then they would still be at .04 right now. look at blue chips....when they go up ...they stay up...because they are making money....
Posted by Raytrader on :
I know for a fact that some people made their first and last trades on USXP a true rags to riches situation for alot of people
Posted by megahead34 on :
Ok that makes sense. So Ray, do you think this will go up in the near future based on your short selling analysis?
Posted by stocks1984 on :
how much detail do i need to explain, wait for the confirmation, either "Doji" or "long white candle"
Posted by Raytrader on :
I personaly think that this is like a twin to usxp based on its activity and MM moves and within the next week or two it should take off for sure but the exit point is going to be sticky because we all have to keep in mind the "buying restriction", so its like once youre out YOURE OUT, and I think the MM are suspecting that some of us are picking up on this trend and by restricting the buying is the only sure way to combat their losses
Posted by Raytrader on :
quote:Originally posted by stocks1984: how much detail do i need to explain, wait for the confirmation, either "Doji" or "long white candle"
I see what youre saying, Im just giving a fundamental outlook on this, although it certainly coinsides with your technical outlook
Posted by stocks1984 on :
that right there is a perfect DOJI at these current prices, like to see this for the Close
Posted by AshyToClassy on :
quote:Originally posted by Chad: ya, I know...just think its wierd theyve sat at that bid forever now. Even though its at 27. figured theyd nab my shares at 25. oh well, its been selling little portions so far.
Chad I just sold 600k shares at .0026 15 minutes ago. Set your order for AON (All or None). They'll take it
Posted by Raytrader on :
yesterday a Black Candlestick was formed. This represents normal selling pressure.
Posted by Raytrader on :
yesterday a Black Candlestick was formed. This represents normal selling pressure.
Posted by Raytrader on :
paim is like a hot air balloon....the more people that bail/sell...the higher its gonna go
Posted by Stock on :
when in the hell is this supposed to be "let go" to go up above the 30s...do we even know if the brokerages and the MMs filled what they needed to cover their sh1t cuz this is the most boring sight in addition to CKYS
Posted by Raytrader on :
paim is like a hot air balloon....the more people that bail/sell...the higher its gonna go
Posted by Chad on :
well, they're really messing with the bid/ask now. ask had been between 24 and 27 most of day and bid was at 24 most of day. then, they just drop the bid to 21, even though the price goes from 23 to 26. Odd!
Posted by Raytrader on :
you wanna see odd....punch in GWGO in your streamer and check out B/A verses the actual value and its been that way for a month now
Posted by Raytrader on :
bid .0012
ask .0013
last .0005
high .0006
low .0004
Posted by Chad on :
really, mine says ask 6, bid 4, last 5. im on scottrade.
Posted by Raytrader on :
im lookin on AT...that figures they are probably screwing people in GWGO as well...haha
Posted by kermit42 on :
Or ATD reads this board and fixed it because I have ATD and it reads bid 4, ask 5, last 5
Posted by Raytrader on :
open up a streamer... it will show you different
Posted by stocks1984 on :
looks like a doji is what we might get fellows will see at 3:55
Posted by imapoorcollegestudent on :
sorry for being a newbie but what is a doji???
Posted by stocks1984 on :
A name for candlesticks that provide information on their own and also feature in a number of important patterns. Dojis form when a security's open and close are virtually equal.
+
A doji candlestick looks like a cross, inverted cross, or plus sign. Alone, doji are neutral patterns.
Posted by Stock on :
can we at least close at 25 ...someone buy this
Posted by stocks1984 on :
look at those buys at .0025 (wink) (wink)" Posted by stocks1984 on :
why so quiet everyone? probable chance tomorrow we go up, like i said i waited for "doji" or "white long candle". We got the doji today. will see if im right, i could be wrong
Posted by megahead34 on :
I like Ray's comparison with USXP. Lets hope for the best and this thing flies soon.
Posted by stocks1984 on :
quote:Originally posted by megahead34: I like Ray's comparison with USXP. Lets hope for the best and this thing flies soon.
is that so? lol, well take a look at the last time PAIM formed a DOJI. Three days down, then DOJI, then three days up! majority stocks follow patterns. look at the chart closely
Posted by banah18 on :
This stock is going to the cent range soon , 0.01 + , you just have to hold on
Posted by Stock on :
quote:Originally posted by banah18: This stock is going to the cent range soon , 0.01 + , you just have to hold on
u read the future or u just make things up?
Posted by megahead34 on :
I read this on the DDSI thread, insane number of restricted stocks. I am so curious to know what causes a stock to get on that list. What exactly does suspicious trading mean?
Partial List of Stocks being restricted from Online Trading
ADNL Ameritrade - no online buys
CYSL Ameritrade - no online buys
DDSI Ameritrade - no online buys
FHAL A.G. Edwards - no online buys
GSPG Ameritrade - no online buys
INSN Ameritrade - no online buys Scottrade - no online buys Schwabb - no online buys Etrade - no online buys
IPRE Etrade - no online buys or sells Ameritrade - no online buys Scottrade - accepting orders Scwabb - no online buys
MUME Etrade - no online orders
PAIM Ameritrade - no online buys Schwabb - no online buys
PAIV
PMHJ Ameritrade - no online buys
RLTR Ameritrade - no online buys
RMDG
SEIH Scottrade - no online buys
WNSH Schwabb - no online buys"
Posted by Stock on :
hope that 28 ask stays at the open and the bid moves up
Posted by Stock on :
i hate how for the second day , market opens on NO volume...
Posted by megahead34 on :
I miss the action. This is so boring now. I'm still holding though.
Posted by Stock on :
quote:Originally posted by megahead34: I miss the action. This is so boring now. I'm still holding though.
ditto, i just want to wake up one day and see the gap at the 60s...that would just be so sweet and rewarding after holding this crap for weeks
Posted by Stock on :
7 trades all morning up till now...we used to get that in the premarket....what a shame. they move the ask up yet no buys...
Posted by megahead34 on :
hahaha, i agree, that would be awesome.
Posted by stocks1984 on :
lets see if my theory is right, "DOJI"
Posted by Stock on :
there is no buying pressure and the volume sucks...no your threory isnt right, this is penny land...there is no such thing as chart reading and candle sticks magic
Posted by rimasco on :
Chart also indicates yesterday was the tip of a flag pattern. We should have a big move today or tomorrow north or south the only thing it indicates is that it should be a substantial move
Posted by stocks1984 on :
quote:Originally posted by Stock: there is no buying pressure and the volume sucks...no your threory isnt right, this is penny land...there is no such thing as chart reading and candle sticks magic
not true stock, a few of these plays do play off TA. will see how the stock turns out by EOW
Posted by banah18 on :
But its holding strong
Posted by megahead34 on :
I don't mind if it goes up 8% everyday until it hits a penny.
Posted by Stock on :
when no one is buying, ticket goes up, when the buys come through, it comes down. its like eating from your 4ss hole
Posted by rimasco on :
I think we close at or above 003 today..IMO
Posted by Stock on :
quote:Originally posted by rimasco: I think we close at or above 003 today..IMO
and thats because?
Posted by rimasco on :
CHART (in which you do believe in)
Posted by rimasco on :
Oops i meant (dont)
Posted by Stock on :
i beleive in my steamer and numbers. Charts...uhhh not this market, sometimes but harldy
Posted by rimasco on :
understood...i dont know how charts factor in with rumors and hype...BUT it can tell the story of where BAGS were made and where they sold (which is usually the bottom
Posted by Stock on :
well it doenst seem to get any lower than the 20s levels...for now at least
Posted by Raytrader on :
PAIM is gonna sit for a while....the buyback is not quite done yet its gonna float at this price for a while....paim is all about patience "no paim no gain"......hold!
Posted by megahead34 on :
How do you know the buyback is not quite done yet? We haven't seen any evidence about anything regarding the buyback in process. The only evidence i see is that this went up on hype and now its a "suspicious stock" that isn't trading much.
Posted by stocks1984 on :
remember, paim likes to move up in the last 30 minutes of so of the traing day
Posted by megahead34 on :
That was during its small run last week. As of now and last couple of days, there has been no sign of EOD runs due to the low volume. I think the buy restriction destroyed its chances of moving up, atleast for a while.
Posted by Raytrader on :
quote:Originally posted by megahead34: That was during its small run last week. As of now and last couple of days, there has been no sign of EOD runs due to the low volume. I think the buy restriction destroyed its chances of moving up, atleast for a while.
exactly!!! ...the MM's are buying time..."getting their ducks in a row"
Posted by Raytrader on :
quote:Originally posted by megahead34: How do you know the buyback is not quite done yet? We haven't seen any evidence about anything regarding the buyback in process. The only evidence i see is that this went up on hype and now its a "suspicious stock" that isn't trading much.
if the buyback was done.....there would not be a "buy restriction"....the price would run and we wouldnt be standing around with our pants down around our ankles sucking our thumbs with pouty faces waiting for this thing to move....lol
Posted by Raytrader on :
sorry I went a little "Dennis Leary" on here
Posted by Ripler on :
makes sense ... what we need now is some new pr from pearl on the status of the equipment and mining process.
Posted by Stock on :
bumped! come on paim u slow bich, get ur fat ass to the 50s and do it quick, i got sh1t to pay for
Posted by Raytrader on :
now we can say SHAKE!
Posted by Ripler on :
theres been a shake for a while now
Posted by Stock on :
its been fuking shaking for a week
Posted by megahead34 on :
Man, another bad day. I hope everyone's theory is right and this thing flies.
Posted by banah18 on :
IM< STILL IN
Posted by vinnie1 on :
glad to see iam not the only dummy left in this.LOL the day will come soon to cash out big
Posted by rimasco on :
What a surprise..I was wrong
Posted by kermit42 on :
I'm still in. It's only been a week since crazy runs and it's still up 400% from just two weeks ago. It may have stalled its run, but I think if the run were over, we would be falling back more.
This feels more sideways and, if you cheat and include the tails, the chart has a flag forming. Whatever it's doing, it's not done yet.
Meanwhile, flip a few and drain shares from the MM's. Make their job harder.
Posted by megahead34 on :
Its hard to flip with a restricted stock.
Posted by kermit42 on :
It certainly is.
Posted by Lootcifer on :
quote:Originally posted by megahead34: Its hard to flip with a restricted stock.
Very frikkin hard. I got out and now to get back in I have to call my TDA broker to place an order, how F'ing frustrating is that.
Posted by 4Tune4Me on :
No wonder the volume is so low...nobody can trade...
Posted by banah18 on :
When you can trade this will go up
Posted by megahead34 on :
quote:Originally posted by 4Tune4Me: No wonder the volume is so low...nobody can trade...
Thats what i've been saying. Its so boring now because no one can trade online. I have no clue how long this will be on the restricted list.
Posted by Stock on :
then how do we know when its unrestricted...im sure scottrade isnt going to tell me squat.
[ August 03, 2006, 09:55: Message edited by: Stock ]
Posted by megahead34 on :
yea, i guess we can tell by trying to buy online.
Posted by Stock on :
well for how long ..because i dont wana wake up each morning with my already millions of shares and just keep trying to buy a little more to test...thats pathetic. This stock could fly high so quick, they just totally messed with it. But the "goog" thing i assume is that the MMs would know when it will be unrestricted before the public does i guess, so when we see it going up or gapping high some day that should also mean its unrestricted. I just wish i could have a timeline...i hate watching this
Posted by vinnie1 on :
lets hope monday is the day.this is getting old
Posted by Stock on :
well other than the brokerages, ( and i know they wont tell us sh1t) who else could "know" when the stock would be unrestricted to buy online ?
Posted by Stock on :
this 20s level is HONESTLY pissing me off, if a stock does piss me off its PAIM right now.
Posted by BuckyBarnes on :
Has anyone contacted PAIM investor relations or the TA to inquire why the issue is restricted from online trading for now. .... Sorry if I missed something that has already been posted..been away for a couple of days.
Posted by rimasco on :
This thread sounds like the song of a bottom being formed...IMO
Posted by 4Tune4Me on :
Just tried to buy, Ameritrade advising to contact broker.
Posted by ruthie on :
What in the world happened?????
Posted by Hannibull on :
fat finger, dont worry Posted by ruthie on :
Whew!!
Posted by BuckyBarnes on :
someone, somewhere had a fat finger episode....
Posted by tyleemary on :
I just put an order to sell at a dollar and it was accepted. Maybe executed some day ?
Posted by megahead34 on :
How cool would it be if we have an EOD run today and this goes up to .005? But its hard to believe something like this will happen anytime soon. Restricted :|
Posted by Stock on :
i got an idea...one of you guys puts a buy order for 2.5 million shares at 1 dollar, and i will put mine for sale at 1 dollar. k, go go go
Posted by 4Tune4Me on :
I find fat fingers a little convenient for mm's to further drive down investor confidence...weak but psychological tactic.
Posted by 4Tune4Me on :
Volumes picking up a bit...nice 12M buy for $26K around noon...
Posted by Stock on :
gay
Posted by 4Tune4Me on :
Stock...you talking to me?
Posted by Hannibull on :
what is
lol
Posted by Stock on :
i posted 45 minutes after u did, hence, i was talking about the way the stock ran today and closed. I usually quote someone if i want to directly talk to them
Posted by Hannibull on :
lol what exactly is "gay" about today's run and close? and for that matter, what would be a heterosexual closing price?
Posted by 4Tune4Me on :
Good to know. Didn't know a stock could be "gay"...but I'll use my imagination.
Posted by Stock on :
a stock can be very gay, u just didnt know. well a gay stock is a stock that doenst do what you would love from it to do, ie: close green and gap up, climb each day a little higher...make you some money.
a gay stock is a stock thats on a flatline for days.
Posted by vinnie1 on :
so your saying its at the bottom.i can agree with that.LOL
Posted by banah18 on :
ONCE BUYING IS ALLOWED THIS WILL GO TO THE MOOOOOOOOOON
Posted by Stock on :
quote:Originally posted by vinnie1: so your saying its at the bottom.i can agree with that.LOL
Posted by Hannibull on :
quote:Originally posted by Stock: a gay stock is a stock thats on a flatline for days.
really? 'cause that sounds like a straight stock to me lol
Posted by Chad on :
I still have confidence this will doulbe in less then a few weeks. the flatline is a ploy to get other to sell as they get bored. then MM's, which theyve done, accumulate. then, ala, PAIV, boom!
may not happen like PAIV, but this will go up at least 2x to 4x value. could take a month to see big return, maybe more, maybe less, thats the game, but it will go.
Hope it stays low til Monday( sry guys), so I can put in big buy. My only fear with this stock is: I try flipping for 1st time, and it keeps skyn, or I dont and it goes up good portion, then down again (like it did last week). lol
Posted by gemini5kl on :
guys come on this is clearly a MM trick these guys are workin together to bring this right back to .0001,, aaaahhhh, you say,,- well its true ,,why is buys not being allowed by some brokerages what bulls**t,suspicious my a**, this is a crime someone needs to investigate soon as i found out some people could not buy i sold my position cause i know its going lower and lower .. righ back to pennyland under world
Posted by Ripler on :
quote:Originally posted by gemini5kl: guys come on this is clearly a MM trick these guys are workin together to bring this right back to .0001,, aaaahhhh, you say,,- well its true ,,why is buys not being allowed by some brokerages what bulls**t,suspicious my a**, this is a crime someone needs to investigate soon as i found out some people could not buy i sold my position cause i know its going lower and lower .. righ back to pennyland under world
had this feeling too...back when it git .0065...i sold at .006 because i knew it was going to fall...maybe back to .0001 - .0005...
for everyones sake...including mine..(still holding some)..I want this to go higher...
and as i said before...we need a nice pr
Posted by EasyMoney66 on :
We need a good PR very soon to raise PAIM to short squeeze the MM manipulating this stock for the last week !!
Anyone have info on when the stock will be no more restricted to buy ?
Posted by Chad on :
ud think most people that made big profit wouldve already sold though. So most have bought now id say from .001 to .005. How a stock price can keep going down if there is few sells and mostly buys is beyond me. Plus, wasnt this one of those big shorted stocks?
you may be right and this may go down to .0005, but I think we've had good hold around .002 with lots of buys. Also, have the MM's really let this go? was the part-day hit to .006 it? Hope Im not the only one that thinks this will hit over .004 soon. lol
Posted by Chad on :
i plan on putting big buy in on Monday or Tuesday, dont recall gtn stopped from buying via phone call from Scottrade yet, but will let you all know if I cant buy.
Posted by Ripler on :
chad...didnt u say a couple weeks back you felt like puking because you bought in at .005
Posted by NEL on :
i'm still holding 750,000 unrestricted shares, .004 would be nice.
Posted by Chad on :
Rip, I did. only because I wokeup that day and it was at that lvl and I changed my mind on selling(greed) and bought more(sold other sotcks for a loss) after seeing others(big names) say it was gng to a penny and past.
That coupled with the fact i coulda rebought at .0025 and sold it again at .006 and then bought again now....thats what made me wanna puke!
Greed, cost me big gain, 2 flips, and more big gains and a crappa load of cash!. lol
So, Im gng to do as Id have done if Id have had a 100G, Im gng to buy in again low with what I have available and wait for it to get over .004 again.
I'll see how that day is progressing to determine whether to finally start flipn or not.
Posted by banah18 on :
OK ITS GOING TO 0.01 !
Posted by megahead34 on :
banah, you keep posting stuff like that with no reasoning; and it never goes that high.
Posted by Stock on :
quote:Originally posted by banah18: OK ITS GOING TO 0.01 !
and thats because u just said so? thats good DD. we might be looking at another sideways day, MAYBE next week they let it run...maybe. i just want out asap...i held this for too long
Posted by Jo4321 on :
Pearl Asian Mining Industries Approaches Completion of the 90% Buy Back Business Wire - August 04, 2006 09:45
MANILA, Philippines, Aug 04, 2006 (BUSINESS WIRE) -- Pearl Asian Mining (OTC:PAIM) announced today that it has completed more than 80% of the buyback of its 30 billion common shares bringing the outstanding below 5 billion common shares. However, the Company believes that regardless of the fact that NASD has only published 9 million shares of PAIM on the brand new short-interest list, the system is so new that it has not picked up the real short interest estimated to be in the billions. There may also be confusion from those that are responsible for providing the short interest data to NASD, due the fact that the buy back was not completed at the time of publication, and due to the possibility that preferred shares may have been used to cover up common share shorts. It has also come to light that many have miscalculated that the convertible debentures are convertible to common at .001 when in fact the conversion to common is at the cost of $.01 per share, and miscalculated that the preferred are currently convertible to common at 1,000 to 1 when the current convertibility is 10,000 preferred to 1 common.
Shareholders that opt to convert their CDs to common shares at the previously set conversion rate of $0.01 per common share, shall surrender their CD note/s to PAIM or its transfer agent. PAIM shall then effect transfer of common share certificates from its treasury to the CD holder and cancel the surrendered CD from its books.
In a similar manner, shareholders may also now convert their preferred shares to common shares. From today up to March 30th, 2007, shareholders may convert at the rate of 10,000 preferred shares for each common share by surrendering their preferred share certificates to PAIM or its transfer agent. PAIM shall then effect transfer of common share certificates from its treasury to the preferred shareholder and move the surrendered preferred shares into its treasury.
To reward long-term holders of preferred shares, shareholders who choose to convert their preferred shares to common may do so at the following conversion rates, with more favorable conversion rates for longer holding periods:
Period Conversion Rate
March 31, 2007-March 30, 2008 5,000 preferred for each common share March 31, 2008-March 30, 2009 2,500 preferred for each common share March 31, 2009-March 30, 2010 1,250 preferred for each common share March 31, 2010-March 30, 2011 625 preferred for each common share March 31, 2011 and after 500 preferred for each common share
All CD notes and preferred shares converted to common shares shall be retired. PAIM expects dilution from the aforementioned conversion to be minimal during the first years, considering the favorable terms for long-term holders of the CD notes and preferred shares, not to mention the potential development of separate markets for CD notes in Yellow Sheets and preferred shares under another stock symbol in the Other OTC Market.
FORWARD-LOOKING STATEMENTS;
Posted by megahead34 on :
hmmmmm? I like what i read.
Posted by vinnie1 on :
looks good
Posted by megahead34 on :
Brokers need to let loose of the restriction, this thing should fly like crazy.
Posted by vinnie1 on :
SEEMS LIKE MOST OF THE BS IS OUT OF THE WAY.ONLY 20% LEFT.
Posted by bobcat88 on :
Finally a preferred breakdown.
Posted by 4Tune4Me on :
.0028, folks...its a start...
Posted by vinnie1 on :
MAY SEE .004
Posted by megahead34 on :
"However, the Company believes that regardless of the fact that NASD has only published 9 million shares of PAIM on the brand new short-interest list, the system is so new that it has not picked up the real short interest estimated to be in the billions. There may also be confusion from those that are responsible for providing the short interest data to NASD, due the fact that the buy back was not completed at the time of publication, and due to the possibility that preferred shares may have been used to cover up common share shorts."
Posted by 4Tune4Me on :
.0029..
Posted by 4Tune4Me on :
Has anyone tried buying/selling online?
Posted by Fuzzy1018 on :
i think thats it for today, it'll go down today not many shares being traded because of restrictions
Posted by Chopper on :
Scottrade has pulled the block off PAIM for internet purchases. It's full after burner now folks.
Posted by J-Wil on :
I use ETRADE and have no problem. Bought yesterday .0021 and sold today .0025
Posted by vinnie1 on :
TIME TO BUY. THIS BABY MAY BLOW TODAY AND MONDAY>
Posted by yayplaya on :
i was selling another position so id have free funds to buy more paim at .0017 and all of a sudden the bid is .0025, dang press release..guess i cant complain since i already have a big position at .0017, just hopin to get more at that level...
Posted by yayplaya on :
not ameritrade, still requires broker order as of 5min ago...
Posted by megahead34 on :
Ok, so only ameritrade. People who ameritrade should call and complain and mention they are the only brokers who restrict this stock.
Posted by yayplaya on :
not ameritrade, still requires broker order as of 5min ago...
Posted by yayplaya on :
i think im going to do that...stupid TDA, they'll probably give me a handful of free trades..they're usually good about customer service..
Posted by Fuzzy1018 on :
we have to break that hod to really go up
Posted by vinnie1 on :
HOLD ON TO YOUR BOOTS THIS BABY IS GOING TO KEEP CLIMBING.
Posted by megahead34 on :
banah, if this goes to .01, i owe you an apology.. Posted by jdm03 on :
so everyone can buy/sell online now ? if yes then we'll go up big today
Posted by megahead34 on :
I think that not everyone is aware that the restrictions are not in ST and other brokers anymore. It may take time for the news to spread to people. I think we might have a nice EOD run today.
Posted by vinnie1 on :
any thing over .004 would be a great day and then monday we move to penny land.
Posted by megahead34 on :
shake
Posted by vinnie1 on :
no worries here.
Posted by 4Tune4Me on :
ditto
Posted by vinnie1 on :
going to be alot of back and forth today no problem.
Posted by 4Tune4Me on :
They gotta settle this buyback sometime...it's a waiting game for investors.
Posted by vinnie1 on :
only 20% left.
Posted by vinnie1 on :
iam thinking that it may run hard at the eod.
Posted by megahead34 on :
When it is all bought back, what happens?
Posted by vinnie1 on :
CABAMMMMMMMMM HOPEFULLY
Posted by megahead34 on :
Did PAIV have that insane run after the buyback was complete?
Posted by Chopper on :
Yes they did, after a few quite days like this.
Posted by Stock on :
so they said they are almost done with the 90% buyback. Matter of fact they said they are over 80% so far...in other words, next week they will let this run and we might see some nice movement the right way
Posted by Fuzzy1018 on :
holding strong might run going into eod
Posted by SherriT on :
quote:Originally posted by Stock: so they said they are almost done with the 90% buyback. Matter of fact they said they are over 80% so far...in other words, next week they will let this run and we might see some nice movement the right way
Maybe not next week, but sooner than later at least...
Posted by banah18 on :
Press Release Source: Pearl Asian Mining Industries Inc. - Philippines
Pearl Asian Mining Industries Have signed a 1.5 million contract with Equitable mining corp Friday August 4, 14:29 pm ET
MANILA, Philippines--(Prime Wire)--Aug. 4, 2006--Pearl Asian Mining (OTC:PAIM - News) announced today that it has signed a contract with Equitable mining corporation. The contract has allowed us to increase our liquidity and increase our revenues. The contract is expected to bring us over 1.5 million dollars in revenues in the next 6 months. A follow up pr regarding this will be released in the next week.
ADVERTISEMENT
FORWARD-LOOKING STATEMENTS;
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Contact: Pearl Asian Mining Industries Inc. Investor Relations Gary Gotanco, 866-732-7888 or 678-570-6538 (USA) or 310-728-6907 or 011 +63.2.490.0140 (Philippines) Fax: 877-317-4430 IR*PearlAsianMining.com www.PearlAsianMining.com
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries Inc. - Philippines
Posted by Jo4321 on :
Moving up on the news. .003 New HOD
Edited to add:
Geez, what was that .003 and back to .0023 in a few minutes. Oh well.
[ August 04, 2006, 14:47: Message edited by: Jo4321 ]
Posted by banah18 on :
from investorshub
Posted by Fuzzy1018 on :
good news; we should move higher
Posted by Fuzzy1018 on :
wow this board is dead now
Posted by 4Tune4Me on :
It's still a waiting game...I'm patient.
Posted by The Phat Man on :
with the new PR, be careful on a R/S as a result of 'restructuring' (as with paiv) with this play too: even with a supposed 90% buyback of shares, 3+ billion is still a sh!t-ton of OS (supposed 'short-sqeeze' or not). imho, if they're gonna want to see any real movement in the pps, they're gonna need to knock down the OS to about 300 mil at the most.
Posted by The Phat Man on :
split in 2004, split in 2005... how 'bout a split in 2006! yeah!
PAIM -- Pearl Asian Mining Industries Inc. Com ($0.001)(New) Search for Dun & Bradstreet reports on this company.
Address: 3101 - B East Tower PSE Center, Exchange Rd. Ortigas Center, Pasig City Metro Manilla, 1605 PHL
Business Description: Pearl Asian Mining Industries, inc. "Symbol:PAIM" is in FINAL CONSTRUCTION Stage, currently involved in the exploration, acquisition, development, production and technology up-grades of viable properties with gold, silver, diamonds, other precious metals,and minerals.
State of Incorporation: Wyoming
Country of Incorporation: USA Year of Incorporation 2004
Officers: Randolf Villanueva, President/CEO; Earl Diao IV, CFO/Legal Counsel; Abegail Dormitorio, Secretary; E. Pearl Asian, Founder/Chairman; Peter C. Caleon Sr., Other
Fiscal Year End: December 31
Edgar Filing Status: Non EDGAR Filer
Sedar Filing Status: Non SEDAR Filer
CIK: 0001317716
Outstanding Shares: 30,044,316,000 as of 2006-01-31
Estimated Market Cap: Not Available
Current Capital Change: shs increased by 1000 for 1 split Ex-Date: 2006-01-26 Record Date: Pay Date:
Dividends: Amount: Div: 1000 shares Pearl Asian Mining Industries Inc (WY) Preferred Stock for each share held. Pay Date: 2006-03-31 Record Date: 2006-03-17
Company Notes: Note=7-9-05 Jurisdiction of Incorporation Philippines changed to Wyoming
Class Notes: Capital Change=shs decreased by 1 for 25 split. Pay date=02/14/2005. Capital Change=shs increased by 5 for 1 split. Ex-date=05/07/2004. Rec date=05/07/2004.
Transfer Agent: American Heritage Stock Transfer, Inc., Markham, Ontario L3R 0G4
Posted by SherriT on :
Devil's advocate here....and I am in both stocks....don't you think it is odd that EQBM didn't issue their own PR?
Posted by SherriT on :
J_U_ICE just posted in the days PR thread that the PR appears to be bogus. I went to the PAIM website, and the only PR listed is the one about the buyback....like what it is doing to the price, but don't expect anything nuts on Monday because of it.
Posted by kermit42 on :
SherriT's right--the PR is fake.
Posted by Chopper on :
So who released the PR to Market wire then????? Looks real to me with contacts and all... BWDIK
Posted by pennyman33 on :
This guy on ihub says it NOT fake....
" Sorry this was not supposed to be posted till monday , i work with paim , im currently in the philipines with them , sorry all , forget about it , till its official when its released monday morning. " The poster by the name of stockholder11 posted the above at Date:8/4/2006 2:57:07 PM post# 19878
Posted by J_U_ICE on :
Posted by: T-2da-H Date:8/4/2006 3:46:47 PM Post #of 7080
The nice lady at PAIM actually did call me back just now. I could only understand about half of what she said, but I got the gist that there would be no PR with EQBM (big surprise).. she said something about a machinery update for shareholders to be announced soon.. but I lost her there. I give her points for calling me back though.
Posted by megahead34 on :
Ask jumped to .003 right before the bell. Does that indicate somewhat of a gapper monday?
Posted by kermit42 on :
Chopper: the PR wasn't released to the market wire--google it and see what you get. You get IHUB.
Posted by pennyman33 on :
They may not want to comment on it or that person may not be aware of it.. I know I see things like this go either way.. some turn out being true some turn out being false... I have never seen a leaked pr however.. I was talking about rumors.. Anyway we will see next week.. I thought one could get sued for posting fake pr's? anyway keep up the good work juice.. Gooo paim!!!
Posted by megahead34 on :
Ask is at .004 now. Whats up with that? Is that some MM signal that this will gap monday?
Posted by rimasco on :
I have 0029 ask UBSS. Who you get quotes through?
Posted by rimasco on :
IM liken the way the chart panned out today.....(no offense stock)
Posted by megahead34 on :
Scottrade shows ask at .004
Posted by rimasco on :
get rid of that scottturd.....I have
UBSS 0029 ABLE 003 nite 003 hill 003 etrd oo3
Posted by megahead34 on :
I have been planning on leaving scottrade. How is e-trade?
Posted by Chad on :
well...not going to say anything today. lol just hope for good things, patience, and good fortunes for everyone! have good weekend all!
Posted by rimasco on :
I use AB whatleys ultimate trader 5.50 tickets with breakpoints. As many level 2s as you want (I actually heard some houses only offer 2...LOL THATS ABSURD!!!!)
Posted by DEAN_Stock on :
to wrap this up...the buyback PR was real and we should expect a good run when the whole 90% is done
Posted by megahead34 on :
I hope so.
Posted by DEAN_Stock on :
how many are u holding
Posted by stocks1984 on :
you bet im holding this! remember that DOJI i was talking about???? Next week we should have a nice rise. we close above the MA(5) and cmf is going green with adx turning to the upside! dont believe me, watch closely next week, and if for some reason nothing happens next week, I think for sure before the end of the month this will make a huge run to the upside. watch
Posted by megahead34 on :
I'm holding strong.
Posted by DEAN_Stock on :
lol i meant, how many (shares) are u holding 2.5 mil here and holding real strong
Posted by Hitman on :
Last nite I put in a sell order for all/none at .0021 cause had to call TDAMTD to place the order over the phone..... Then saw the run up this morning.... Then was on hold forever to get back in...... Didnt happen..... Hope it drops again monday and I maybuy through Scottrade .. Dont think it wil drop.... but not sure i want to get back in at current level...... Already made $730 on a PAIM flip.... so I will decide over the weekend.... Will read all of your coments and that may help me decide..... Gr8 board... Making good money with all of your coments.. Thanks Lots
Posted by Chad on :
Many respected names said back when this was at .001 and maybe under, it would hit a penny and some predicted more. Many thought this was big short like PAIV. We've seen it hit over .006 recently, and the news today was good.
Frankly, Im still sold this will hit a penny. Whether it does its whole up and down thing in that time, not sure...but may be worth a flip if you can.
and lets not forget the maninpulation by brokerages and MM accumulation over this past few weeks. It going to run, but when, how fast, and how high is big question? and another is, do u take a chance on a flip somewhre in there?
Good luck all, have good weekend!
Posted by Bearclaw on :
Hang in folks... This should have run like a scalded dog today on the buyback news...I watched the MM's pile on the bid to hold it...The MM's are holding on for dear life...but...the squeezzzeee is coming and they won't be able to hang on anymore...
Stay positive...just a matter of time...It could just run anytime ...news or not...Scumbag MM's have slippery...slimy hands...can't hang on much longer till it's time to settle up...IMO
Posted by DEAN_Stock on :
Chad, they said they are real close to the 90%, fliping might get caught in the heat especially u have to go through the brokerages to buy it, i am in at a ok entry point, almost breaking even each day, fliping might be costly if u miss the run giving how impredictible this might be. Just what i think
Posted by kermit42 on :
I agree that this is a dangerous flip right now. It's probably not going to take off until the brokerages remove the trading restrictions (I'm seriously considering dumping ATD over this BS), but I doubt we'll get a warning when that happens. PPS will just move up. Fast.
Posted by imapoorcollegestudent on :
when the pps goes up do you all think it will stay up or will it spike real high and then settle at a point still above this pps???
Posted by android_xxx on :
Can someone help me please. I had 1 mil. shares of PAIM and they might pay for it 0.001 after 5years. Now after R/S I have 1000 shares and don´t know what price will they pay for it after 5years. If they pay 0.001 I won´t earn any money. Or should they pay 0.001*1000=1$?
[ August 05, 2006, 04:25: Message edited by: android_xxx ]
Posted by android_xxx on :
[ August 05, 2006, 04:27: Message edited by: android_xxx ]
Posted by 4Tune4Me on :
android_xxx if you go back a few pages, I believe there is an explanation of the breakdown.
Posted by 4Tune4Me on :
quote:Originally posted by imapoorcollegestudent: when the pps goes up do you all think it will stay up or will it spike real high and then settle at a point still above this pps???
In my experience there is always significant retracement in the penny's...How high/low it goes would require a bit of psychic ability...Best thing to do is watch your investment like a hawk, sell partial holdings to cover when/if it goes up high enough and ride the free shares. Don't be greedy, know your entry/exit points. Longterm holdings should be saved for fully reporting company's listed on much stricter exchanges...the Pinks are The Wild Wild West to me (no rules/truth/accountability)with the OTC stocks being like the The WWW w/a Sheriff...OK I'm done with the diatribe.
Posted by DEAN_Stock on :
quote:Originally posted by imapoorcollegestudent: when the pps goes up do you all think it will stay up or will it spike real high and then settle at a point still above this pps???
sell what u are holding slowly on the way up. Dumping all u got at the top sometimes doenst work if everyone else is doing it. Get rid of your shares here and there till YOU think u make enough
Posted by Bearclaw on :
Dean...
4Tune4Me gave you excellent advice ...Do you have L2's ???
Sell on the ask so as not to bid wack...If you choose to sell in increments then your sale should't effect the run...You have to watch the L2's closely as they MM's will re-trace through out as the run happens...
Finding the peak of the run is the tough part and that comes with knowing how to read the chart, judging the volume and understanding L2's...No one can predict the extent of a run until it happens...The charts, however, will give you a best guess prior to the run by reading the resistance and support levels along with several other indicators...Good luck..
Posted by JerZeyDeViL on :
Gotta ask....after reading alot of other boards and doing some research, everything I keep reading states that MM's do not trade unsolicited stocks, such as PAIM. Now there is obviously alot of manipulation going on here and something is definately up. But I keep seeing everyone refer to the MM's, but if they can't trade this stock, since it's unsolicited, then someone please clear this up for me because it's driving me nuts!!!=) TIA
Posted by banah18 on :
FOR THOSE WHO WANT TO SELL PAIM , PLEASE SELL AT ASK 0.0030 ON MONDAY. THEN WE CAN BREAK THE WALL
Posted by DEAN_Stock on :
quote:Originally posted by Bearclaw: Dean...
4Tune4Me gave you excellent advice ...Do you have L2's ???
Sell on the ask so as not to bid wack...If you choose to sell in increments then your sale should't effect the run...You have to watch the L2's closely as they MM's will re-trace through out as the run happens...
Finding the peak of the run is the tough part and that comes with knowing how to read the chart, judging the volume and understanding L2's...No one can predict the extent of a run until it happens...The charts, however, will give you a best guess prior to the run by reading the resistance and support levels along with several other indicators...Good luck..
what are u talking about ? i never asked 4tune nothing and he wasnt giving me advice...he was talking to the other dude not me... uhh u ok?
Posted by Bearclaw on :
Dean... Sorry...I read it wrong...
Posted by DEAN_Stock on :
quote:Originally posted by Bearclaw: Dean... Sorry...I read it wrong...
its all good Posted by imapoorcollegestudent on :
Thanks for the advice... still learning all this stuff and the last thing I want to do is be greedy... but then again I don't want to missout on the fun... which... makes me greedy... I will not be greedy I will not be greedy I will not be greedy money is good I will not be greedy I will not be greedy just a little longer more money I will not be greedy I will not be greedy... LOL... Let's go PAIM... Let it roll!!!
Posted by beechwood on :
There's a thread in this forum re: R/S and I always check it before jumping on any nano cap. Forewarned is forearmed and far away from me.
Posted by android_xxx on :
to 4Tune4Me: I searched about 30 pages back and didn´t find anything about R/S. I understand 90% buy back system but: I had 1mil. restricted shares which they should pay for it 0.001 Now after R/S 1:1000, I have 1000 restricted shares - should they now pay 1$ (0.0001*1000) for a share after 5years or what? Thank in advance.
Posted by banah18 on :
FOR THOSE WHO WANT TO SELL PAIM , PLEASE SELL AT ASK 0.0030 ON MONDAY. THEN WE CAN BREAK THE WALL
Posted by 4Tune4Me on :
android_xxx - sorry for the chase, I must have seen the breakdown on another site...following is credited to IHUB and may be helpful - but I haven't seen an explanation for what happens after the term expires. I see you're asking on other sites as well - sounds like you'll have to call them to determine.
7/20/06 e-mail I have received confirmed reports from shareholders as of yesterday, who have had their accounts indicate the 90 % shares in their accounts, which have been bought back by PAIM, now indicated as debentures. For example, I talked to someone from Belgium who says he had 14,400,000 shares bought back, and yesterday his account reflected 14,400 debentures. I told him, the 14,400 represented the Dollar Value of his Convertible Debenture (CD) Note, i.e. $ 14,400 payable to him without interest on June 15, 2011.
So we hope the buyback is finished by next week, and as promised, we will issue a PR immediately after the buyback is completed, with instructions on how to convert both the CD and preferred shares to common shares. Of course, once shareholders start converting CDs and Preferreds, this will have a small dilutive effect and impact on the PPS. However, we do encourage shareholders to hold on to their CDs and preferreds for a longer period, as this will result in larger gains, especially for the preferreds which have more favorable conversion rates the longer a shareholder holds on to the stock, i.e. current conversion is at 10,000 preferreds per common, but by March 31, 2011, conversion rate will be just 500 preferreds per common. In addition, the preferreds will also be traded in the future under a different stock symbol, and we have no way of knowing right now how the PPS for the preferreds will fare as compared to the common shares. I suggest shareholders study up on the dynamics of preferred shares as part of their DD to make an informed decision on whether to retain, convert their preferred shares, or trade these once these start trading under its own stock symbol.
So keep on checking our PRs, because I noticed some shareholders I've talked to or who have e-mailed me don't really monitor our PRs. And, if shareholders have time, please check out all of the sections of our website, as these sections are quite informative and contain almost all of the data you need to do a good DD.
Many thanks, "Goku"
Warm regards, Gary Gotanco VP-BD & IR PAIM
Posted by 4Tune4Me on :
quote:Originally posted by imapoorcollegestudent: ...I will not be greedy I will not be greedy money is good I will not be greedy I will not be greedy just a little longer more money I will not be greedy I will not be greedy... LOL... Let's go PAIM... Let it roll!!!
GREED WILL KICK YOU IN THE A$$ EVERY TIME.
Posted by android_xxx on :
Thanks 4Tune, 1000 probably represent dollar value. Posted by DEAN_Stock on :
kldfmgsapofjdsopfkmsdmf'psakfsd
Posted by DEAN_Stock on :
u guys think the buyback will be done this week?
anyone here still with me or am I the only PAIM guy left
[ August 07, 2006, 09:34: Message edited by: DEAN_Stock ]
Posted by megahead34 on :
I'm still here. Buyback should be completed any day now.
Posted by 4Tune4Me on :
Don't know, not psychic...It's a patience game, DEAN...slow but potentially huge rewards, or not.
Posted by DEAN_Stock on :
as soon as that pr comes out the price should just burst
Posted by vinnie1 on :
anyday now.
Posted by 4Tune4Me on :
As long as the MM's don't squash it AND Ameriturd frees up the action.
Posted by megahead34 on :
I thought there would be a gapper this morning...instead we get incredibly low volume to start the day.
Posted by Fuzzy1018 on :
we are holding strong, just wait till we get a pr and then boom
Posted by DEAN_Stock on :
ask at 3 and wtf is that 711 trade ? maybe sometype of code lol
Posted by megahead34 on :
That was odd, 711
Posted by Fuzzy1018 on :
even without a pr if we break 3 then we'll go up big
Posted by 4Tune4Me on :
It's a 3 folks....to da Moon, baby!
Posted by rimasco on :
It would be nice to close above the *^*#%%*#%&&^% 003
Posted by vinnie1 on :
711 maybe the same as 911 for the MM
Posted by DEAN_Stock on :
quote:Originally posted by Fuzzy1018: even without a pr if we break 3 then we'll go up big
no we wont go up big...because its still untradable online and the buyback isnt over...
Posted by 4Tune4Me on :
Nice block 13.9M at .003.
Posted by Fuzzy1018 on :
well true, but atleast we'll break this wall. we should hea something about the buyback any moment and i'm buying/selling online with choicetrade.
Posted by vinnie1 on :
Hmmmmmmmmm something is up.
Posted by DEAN_Stock on :
if it breaks 3 and there is NO support ( which we dont have for now...) it will just come right back to where it was
Posted by 4Tune4Me on :
Bid raised to .0027
Posted by vinnie1 on :
this may pop today.
Posted by DEAN_Stock on :
they have been raising the bid and the ask all week, its nothing new, they raise it, no support, falls down again, they raise again, no support, falls again...same stuff we have been seing the past week or weeks should i say now. it will POP once we get the buyback is over and its now tradable online PR. Till then..this is what we get
Posted by vinnie1 on :
when it comes to pennyland iam open for anything to happen.
Posted by 4Tune4Me on :
We haven't seen ask at .003 in a while DEAN...I think it's significant.
Posted by DEAN_Stock on :
there is 31 on the ask...lets see
Posted by vinnie1 on :
lets go .004 eod
Posted by DEAN_Stock on :
now bid raised to 30, but...no movement
Posted by DEAN_Stock on :
the stock wants to move but...there is just no support sadly enough
Posted by 4Tune4Me on :
DEAN, why the downer, man? and don't tell it's because the stock's NOT moving today.
Posted by rimasco on :
as far as support goes...keep in mind when theis stock went....it had an 0005 spread
Posted by DEAN_Stock on :
Tune, trust me, i want to see this go just as bad as all of us. I am just trying to be realistic and reading what the numbers are giving me. The less support this will have at the bid the more the bid will fall and same for the ask, which is normal. Since we still cant trade online for couple brokerages and the buyback isnt over, there wont be much support. But the way its holding the ask at 31 is pretty good for now.
Posted by 4Tune4Me on :
There's the shake....
Posted by Fuzzy1018 on :
just got bck on my computer and i see the hod at .0031 - thats a good sign
Posted by rimasco on :
Maybe this is a BS shake before we head higher
Posted by Fuzzy1018 on :
i have a feeling that we'll get a pr about the buyback today
Posted by vinnie1 on :
like watching a YOYO.LOL
Posted by rimasco on :
Jeff back to the bid HMMMMMMMMMMMMMMMMMMMMMMMMM!!?
Posted by Chad on :
hello all...we'll I bought a nice chunk like I said I would and had no problems doing it. Now...it's time to kick back and watch this thing go to a penny! go paim!
Posted by Fuzzy1018 on :
we're holding strong, imo we'll see mid 3's by eod
Posted by rimasco on :
nice wall at 0027 bid (theres your support dean)
Posted by DEAN_Stock on :
yay for support, now we need more pressure on both the bid and ask, well i guess we wont see that until it can be traded and the buyback is done, but yea its def holding up at the high 20s level.
Rimasco give me a HMMMMMMMMMMMMMMMMMMM!?? then maybe it will jump to 30
Posted by rimasco on :
JEFF high bid ...HMMMMMMMMMMMMMMMMMMMMMMM!?
Posted by vinnie1 on :
the day is not over.
Posted by rimasco on :
I had a dream last night that the illegal short rumors turned out to be true and this baby went to .10
HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM!!
Posted by DEAN_Stock on :
ur HMMMMMM lowered the bid...booo and thet ask
Posted by rimasco on :
you think?
HMMMMMMMMMMMMMMMMMMMMMMM!!??
Posted by SherriT on :
quote:Originally posted by rimasco: I had a dream last night that the illegal short rumors turned out to be true and this baby went to .10
HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM!!
Man, that would be a dream!
Posted by vinnie1 on :
time for this baby to fly .004
Posted by DEAN_Stock on :
quote:Originally posted by vinnie1: time for this baby to fly .004
with a buy every 10 minutes it might be hard
Posted by vinnie1 on :
anything over .003 would not be bad
Posted by DEAN_Stock on :
we CANT get there if NO one is buying...simple as that
Posted by vinnie1 on :
still time
Posted by DEAN_Stock on :
they really need to get that buyback over with this week...they are over 80% of the 90% so i hope its CLOSE. After that, a good PR then im sure we wont see the 20s for a while
Posted by Raytrader on :
THIS IS GOING NOWHERE!!!......until the buy restriction is lifted and we get confirmed REAL pr that the buyback is complete....the whole buy restriction is a FARSE ....a simple ploy to combat buying pressure.....until those phases are complete....its gonna be a big staring match between all who holds and MM's.....and as far as im concerned I have no intensions on blinking anytime soon
Posted by DEAN_Stock on :
quote:Originally posted by Raytrader: THIS IS GOING NOWHERE!!!......until the buy restriction is lifted and we get confirmed REAL pr that the buyback is complete....the whole buy restriction is a FARSE ....a simple ploy to combat buying pressure.....until those phases are complete....its gonna be a big staring match between all who holds and MM's.....and as far as im concerned I have no intensions on blinking anytime soon
no sh|t captain obvious...been saying that
Posted by Raytrader on :
quote:Originally posted by DEAN_Stock:
quote:Originally posted by Raytrader: THIS IS GOING NOWHERE!!!......until the buy restriction is lifted and we get confirmed REAL pr that the buyback is complete....the whole buy restriction is a FARSE ....a simple ploy to combat buying pressure.....until those phases are complete....its gonna be a big staring match between all who holds and MM's.....and as far as im concerned I have no intensions on blinking anytime soon
I love you raytrader you are my hero and I cant quit saying that
gee wiz dean...you makin me blush
Posted by DEAN_Stock on :
quote:Originally posted by Raytrader:
quote:Originally posted by DEAN_Stock:
quote:Originally posted by Raytrader: THIS IS GOING NOWHERE!!!......until the buy restriction is lifted and we get confirmed REAL pr that the buyback is complete....the whole buy restriction is a FARSE ....a simple ploy to combat buying pressure.....until those phases are complete....its gonna be a big staring match between all who holds and MM's.....and as far as im concerned I have no intensions on blinking anytime soon
I love you raytrader you are my hero and I cant quit saying that
can i be gay with you?
ew no....f4g
Posted by DEAN_Stock on :
wat a shame...
Posted by Raytrader on :
quote:Originally posted by DEAN_Stock:
quote:Originally posted by Raytrader:
quote:Originally posted by DEAN_Stock: [QUOTE]Originally posted by Raytrader: [qb] THIS IS GOING NOWHERE!!!......until the buy restriction is lifted and we get confirmed REAL pr that the buyback is complete....the whole buy restriction is a FARSE ....a simple ploy to combat buying pressure.....until those phases are complete....its gonna be a big staring match between all who holds and MM's.....and as far as im concerned I have no intensions on blinking anytime soon
I love you raytrader you are my hero and I cant quit saying that
I wish ameritrade would accept food stamps so I could buy more QBID
dean I wouldnt recommend QBID although it does support an ALL GAY tv broadcasting channel...you might like that
Posted by Raytrader on :
way to go dean....now the pps has fallen .0001
Posted by DEAN_Stock on :
if u had left the quote like it was, this would have been a great eod run, u had to gay it up...happy ? im gona hack newswire and make a fukin PR my god damn self
Posted by banah18 on :
Dont worry it will go up
Posted by rimasco on :
Here print this for the news wire
Today company PAIM.PK anounced that there company has been ilegally shorted and is is taking measures to have 30 biliion shares in illegal shorts covered ASAP. Further more Warren Buffet put out a buy rating of the company bringing investors like Bill Gates and Paul Allen to buying up a large part of the float
Posted by Fuzzy1018 on :
we finished green- way to go lolz
Posted by DEAN_Stock on :
quote:Originally posted by rimasco: Here print this for the news wire
Today company PAIM.PK anounced that there company has been ilegally shorted and is is taking measures to have 30 biliion shares in illegal shorts covered ASAP. Further more Warren Buffet put out a buy rating of the company bringing investors like Bill Gates and Paul Allen to buying up a large part of the float
and add : merger with apple to make the new golden ipod
Posted by megahead34 on :
Posted by somone on HSM forums:
"I just called and talked to a very nice lady. I asked if there were possibly two PR's coming out this week? she responds "possibly, why do you ask??" I say "theres some rumor about it on the internet." She laughs then replies "I love you guys there is a PR coming out tomorrow." "
Posted by DEAN_Stock on :
that skank better be right
Posted by rimasco on :
Yeah or she be getting another call!
Posted by vinnie1 on :
well lets see if we get our penny today or just another yoyo day.LOL
Posted by MoeMoney on :
Just passing along the information I acquired yesterday. For your reading enjoyment: ________________________________________________ ________________________________________________
7/18/06 e-mail PAIM does not plan to issue more shares now or in the immediate future. This does not make good business sense, considering that the buyback was done precisely to reduce the outstanding shares, and enhance shareholder value. As regards current O/S, post buyback, we cannot give an exact number until after the buyback is completed, i.e. when DTCC transfers to PAIM all of the 90 % or approx. 27 Billion shares bought back. PAIM shall issue a PR once the buyback is completed, and we will let shareholders and the public know how many O/S are remaining by then.
Regarding selling of Convertible Debentures (CDs), this may be done in two ways. One, a market will develop for the CDs in the near future, though we cannot say when this will occur, in the Yellow Sheets. Once that happens, the CDs can be freely traded there. Two, a shareholder may choose to convert his CDs to common shares, at a rate of $0.01 CD for every common share, but this conversion can only be done after the buyback is completed. The PR on completion of the buyback will also include a procedure for the conversion of CDs to common shares.
But then again, a shareholder can also opt to hold on to his CDs and cash it in by June 15, 2011. PAIM has set ambitious targets for this year and bright prospects for the medium to long term, please refer to last item on FAQs in our website, by clicking:
Best regards, Gary Gotanco VP-Bus Dev and IR PAIM ------- 7/20/06 e-mail I have received confirmed reports from shareholders as of yesterday, who have had their accounts indicate the 90 % shares in their accounts, which have been bought back by PAIM, now indicated as debentures. For example, I talked to someone from Belgium who says he had 14,400,000 shares bought back, and yesterday his account reflected 14,400 debentures. I told him, the 14,400 represented the Dollar Value of his Convertible Debenture (CD) Note, i.e. $ 14,400 payable to him without interest on June 15, 2011.
So we hope the buyback is finished by next week, and as promised, we will issue a PR immediately after the buyback is completed, with instructions on how to convert both the CD and preferred shares to common shares. Of course, once shareholders start converting CDs and Preferreds, this will have a small dilutive effect and impact on the PPS. However, we do encourage shareholders to hold on to their CDs and preferreds for a longer period, as this will result in larger gains, especially for the preferreds which have more favorable conversion rates the longer a shareholder holds on to the stock, i.e. current conversion is at 10,000 preferreds per common, but by March 31, 2011, conversion rate will be just 500 preferreds per common.
In addition, the preferreds will also be traded in the future under a different stock symbol, and we have no way of knowing right now how the PPS for the preferreds will fare as compared to the common shares. I suggest shareholders study up on the dynamics of preferred shares as part of their DD to make an informed decision on whether to retain, convert their preferred shares, or trade these once these start trading under its own stock symbol.
So keep on checking our PRs, because I noticed some shareholders I've talked to or who have e-mailed me don't really monitor our PRs. And, if shareholders have time, please check out all of the sections of our website, as these sections are quite informative and contain almost all of the data you need to do a good DD.
Many thanks, "Goku"
Warm regards, Gary Gotanco VP-BD & IR PAIM ---- July 20, 2006 Pearl Asian Mining Mirrors Paivis Corporation Paivis Corporation (OTC: PAIV) is currently up $.051 to $.215 on another heavy volume day. As mentioned in yesterday's **** post, the stock has surged an unbelievable 15,000% since May 22 on a massive short squeeze. Microcap investors out there are now purchasing shares of Pearl Asian Mining (OTC: PAIM) hand over fist, as its shares surge $.0011, or 183%, to $.0017 on outrageous volume of 1 billion shares. Investors believe that a similar situation in comparison to Paivis is underway. There might be some truth to that because on July 12, Pearl Asian Mining announced that it was close to completing the buyback of approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture (CD). Pearl Asian Mining has transferred to the Depository Trust Company (DTC) notes with a face value of approximately $27,000,000.00 which the DTC received on approximately June 21, 2006. However, PAIM has not received any of the 27,000,000,000 common shares of the buyback. At this point, the shares bought and sold in the market should only equal the remaining 10% of Pearl's issued and outstanding shares. However, the company believes that some of the DTC's participants, i.e. brokers, have failed to notify their clients, which has resulted in many shareholders selling shares short. It looks as if there could be another share imbalance and that brokerage firms are yet again caught in the middle of it all. Let the short covering begin. ---- AUGUST 3 2006
The gold processing equipment is stated to arrive in a few days, as we have PRd. The buyback is still ongoing, it's taken longer than we expected, I know, but please bear with us. We are considering issuing a PR to announce % completion of the buyback soon. Project Cagayan de Oro will definitely be up and running this month, as we stated in our PR. Just wait for details in our upcoming PRs. We are evaluating other minesites at present, and will PR new mine projects as these are approved by the board of directors. Please give me a few more days to work on the chat session terms of reference. Listen, another shareholder arrived here today, Rick Miller, aka Rick C. He'll be visiting our office today, where I'll present to him the Investor Pres. He is then scheduled to go to XYZ mine in Masbate tomorrow. They (I won't be going with them, have some things to take care of here) will probably be joined by the Filipina wife of an American shareholder, surnamed Johnson. Then we (yes, this time I'll join them) to Project Cagayan de Oro on Tuesday, Aug. 8. Watch out for the pictures to be posted in PAIM website. So you see, I've got a full plate right now. I think the chat session would most likely take place the week of the 14th. By the way, would you be interested to be included in a PAIM shareholders list? We just started one yesterday, and the main benefit is that members will receive their copy of PRs and other pertinent filings, sent the same day by e-mail. We plan to post a link in the website for those who would like to be listed in the e-mail list. Please advise your willingness. You may post this in the board/s, if you wish.
Thank you for your continued support of PAIM, notwithstanding the onslaught of bashers.
Investor Relations Officer: Engr. Anthony Val Gary Gotanco, MBA V.P. / Business Development Chief IRO Phone: +011-63-2-490-0140 - Direct 1-866-732-7888 / 1-650-814-3268 Fax: (877) 317-4430 E-mail: IR*PearlAsianMining.com
USA Mailing Address c/o Corporate Direct Attn: Pearl Asian Mining Industries, Inc. 60 East Simpson Street P.O. Box 2869 Jackson, Wyoming 83001
PHILIPPINES
Randolf Villanueva - President / CEO E-mail: rvillanueva*pearlasianmining.com
Gary Gotanco - Vice President / BDO (Business Development Officer) & Investor Relations Officer - Philippines E-mail: gary.gotanco**********
Philippines Corporate Headquarters 3101-B East Tower - PSE Center - Philippine Stock Exchange Exchange Road Pasig City, Philippines Phone: 63-2-490-0140 Fax: 63-2-490-0144
CANADA
Canada Corporate Office 3030 TD Bank Tower 700 West Georgia Street Vancouver, British Columbia Canada V7Y IAI 1 (866) 732-7888
MoeMoney, better to credit the source...IHUB.
Posted by 4Tune4Me on :
Press Release Source: Pearl Asian Mining Industries Inc.
Pearl Asian Mining Industries Opens Chemical/Metallurgical and Smelting/Refining Division in Cagayan De Oro Tuesday August 8, 9:45 am ET
MANILA, Philippines--(BUSINESS WIRE)--Aug. 8, 2006--Chief Metallurgist Elvis Hidalgo of Pearl Asian Mining (OTC:PAIM - News) reports: The Chemical & Metallurgical Engineering Group has acquired a site to set up Pearl Asian's own Chemical/Metallurgical Laboratory and The Smelting/Refining Center in Cagayan De Oro. ADVERTISEMENT
Chief Metallurgist Engr. Hidalgo and Chief Chemist, VP/IR Officer Engr. Gary Gotanco, MBA, made a working alliance with the largest gold mining and smelting company in the Peoples' Republic of China, after their recent trip to Beijing. The alliance between Pearl Asian Mining Industries and Henan Zhongyuan Gold Smelter, a wholly owned subsidiary of China National Gold Corp. (CNGC), will bring forth the production of its gold and silver bullion of up to 99.999 weight % purity. CNGC is currently registered as a member in good standing of the LBMA (London Bullion Metals Association).
Pearl Asian is sending a ton of its high grade gold/silver ores to CNGC for final smelting and refining into bullion, and to determine the correct design specifications for the fabrication of Pearl Asian's own small-scale refining system for its CDO-Smelting Refining Center. This system is envisioned to complement the previously acquired smelting and refining system, currently used in on-site pilot plant.
Furthermore, Pearl Asian announces the purchase of its own ICPMS Unit (Inductively Coupled Plasma Mass Spectrophotometer) from Shimadzu Corp., a renowned Japanese manufacturing company. This ICPMS is a state-of-the-art device used for a wide range of elemental analysis from trace elements to high concentration chemical analysis. This is an accurate spectral measurement of wide range of wavelengths, little interference between elements, and with excellent precision and reproducibility. Thus, not only gold and silver will be detected and measured accurately but also all other precious metals such as platinum, palladium, iridium and rhodium when present.
"The main objective of the Metallurgical Division is to produce an enriched final product containing the most valuable minerals out of the ore taken from the Pearl Asian's gold mining sites. In line with these operations, the processing should be in the most efficient and economical manner. This Metallurgical Division is an added revenue-making subsidiary for Pearl Asian Mining Industries, Inc., as it will offer the services to all other mining companies, currently in operation in the Philippines and eventually in Southeast Asia," stated Engr. Hidalgo.
Forward-Looking Statements
Posted by megahead34 on :
I guess thats one of the PRs the guy from HSM was talking about. Maybe the second one will be completion of the buyback.
Posted by Fuzzy1018 on :
news great
Posted by megahead34 on :
Is PAIM still restricted by some?
Posted by Fuzzy1018 on :
yes, thats y we not flyin'
Posted by vinnie1 on :
GREAT PR PEOPLE TIME TO GET TO PENNYLAND.
Posted by MoneyMoneyMoney on :
NO restrictions on buying or selling PAIM through Choicetrade, Fidelity, or Scottrade for me.
How about Ameritrade and the others?
Posted by Fuzzy1018 on :
not enough buyin' pressure i guess bcuz of the restriction
Posted by megahead34 on :
So its just Ameritrade.
Posted by Fuzzy1018 on :
not sure y we not goin' upp; pretty good news out and nothin' hppns
Posted by 4Tune4Me on :
More buying than selling pressure today and still not movin'...MM"s still have their thumbs on this one.
Posted by 4Tune4Me on :
Major pps BS today....
Posted by Fuzzy1018 on :
its trading in a very weird way, even with all the the buying we still go down. Good point to pick up more shares though
Posted by 4Tune4Me on :
..and the RSI has been in the 60's since it opened...get the F'n buyback done and tell them to get their thumbs off of this one.
Posted by vinnie1 on :
JUST A SHAKE DOWN THIS BABY IS GOING TO GO UP.
Posted by rimasco on :
This stock reminds me of a hemroid i once had...nuttin but hurtin Posted by rimasco on :
I hope your right CENZO.......
Posted by Fuzzy1018 on :
we should go back up
Posted by 4Tune4Me on :
Absolutely a shake down, drag it out, hang it up to dry until they "feel" like letting it run.
Posted by vinnie1 on :
TIME TO BUY UP SOME MORE.
Posted by stocks1984 on :
its because of TA, read about what happens when a DOJI is formed on top of an uptrend pattern
Posted by vinnie1 on :
THESE MOTHERS ARE JUST TRYING TO SCARE YOU DOWN.
Posted by rimasco on :
I know what it reads...."POTENTIAL reversal"
Posted by vinnie1 on :
GO BABY SHAKE THESE WEAK *******S OFF THIS BOAT.LOL
Posted by stocks1984 on :
we will probably see high .001's again or low .002's before heading back up, ill be buying more, it was too bad that we formed a doji yesterday , otherwise we would have been higher today
Posted by Fuzzy1018 on :
we wont go that far down imo; all we need is a pr about the buyback and thats it
Posted by 4Tune4Me on :
Agreed, typical buyback results in huge downward pressure. Who wants to buyback at .006 if they can get some in the low .002's. They can do it, so they do.
Posted by stocks1984 on :
well we saw the low .002's this morning, still early in the day, lets see if this drops by EOD and then closes around .0022- .0024, jmho, again ill be waiting to buy more if or when it drops again
Posted by stocks1984 on :
i dont really pay attention to all the MM bull crap, but when there are restrictions in place to not trade this stock in certain brokerages, then it is obvious buying pressure is being kept in control for the moment. Otherwise, once restrictions are lifted off, we should be in new highs for this stock.
Posted by Raytrader on :
quote:Originally posted by Raytrader: THIS IS GOING NOWHERE!!!......until the buy restriction is lifted and we get confirmed REAL pr that the buyback is complete....the whole buy restriction is a FARSE ....a simple ploy to combat buying pressure.....until those phases are complete....its gonna be a big staring match between all who holds and MM's.....and as far as im concerned I have no intensions on blinking anytime soon
Posted by rimasco on :
I blinked one eye by accident I dont think the MMs noticed
Posted by stocks1984 on :
quote:Originally posted by Raytrader:
quote:Originally posted by Raytrader: THIS IS GOING NOWHERE!!!......until the buy restriction is lifted and we get confirmed REAL pr that the buyback is complete....the whole buy restriction is a FARSE ....a simple ploy to combat buying pressure.....until those phases are complete....its gonna be a big staring match between all who holds and MM's.....and as far as im concerned I have no intensions on blinking anytime soon
nice to see you think the same way
Posted by megahead34 on :
I dunno why, just a hunch, but i think there may be a green close today. I've been watching PAIM for a long time, this looks like more MM manipulation. MMs know they will let this fly when buyback is over, they are just picking up all the cheap shares they can find.
Posted by vinnie1 on :
i agree i think there loading up also i think the buyback is done but nothing has been said yet.could be wrong
Posted by rimasco on :
I think Rocky Marciano was the greatest heavyweight champion.....
Posted by vinnie1 on :
your talking about my family now.
Posted by rimasco on :
LOL....you related?
Posted by Grail7 on :
Dont know what to say myself, but i have to wonder who's the genius who wants to sell at .22 vs .3? we're on page 116 for this forum thread and we last I checked want this to go to the moon. But then again, there's a ton of other people and even shareholders that can't resist a cheap price. That being said, I think like most people, something's up.
Posted by vinnie1 on :
YES IN A FAMILY WAY.LOL
Posted by rimasco on :
quote:Originally posted by Grail7: Dont know what to say myself, but i have to wonder who's the genius who wants to sell at .22 vs .3? we're on page 116 for this forum thread and we last I checked want this to go to the moon. But then again, there's a ton of other people and even shareholders that can't resist a cheap price. That being said, I think like most people, something's up.
Could be small-fry daytraders frustrated and looking to free up some BP to put to work elsewhere. Lets face it this stock is not the best parking spot on the block. As a mattter of fact i should sold some and bought more ACLR yesterday
Posted by banah18 on :
Did you see those trades 9 million at 0.0030 ??
and 2 million at 0.0028 ?
Posted by stocks1984 on :
quote:Originally posted by banah18: Did you see those trades 9 million at 0.0030 ??
and 2 million at 0.0028 ?
yes sir!
Posted by rimasco on :
HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM!!!!????
Posted by megahead34 on :
Another sucky day!
Posted by tyleemary on :
quote:Originally posted by stocks1984: i dont really pay attention to all the MM bull crap, but when there are restrictions in place to not trade this stock in certain brokerages, then it is obvious buying pressure is being kept in control for the moment. Otherwise, once restrictions are lifted off, we should be in new highs for this stock.
I thoght an MM is something you get from your Mom if you eat all your dinner??
Posted by Porsche on :
I have my sell order in at .01 ummmm.... Gotta have Faith!!!
Posted by Duncan Idaho on :
Pearl Asia mailed me some document concerning the stupid CDs (which made me money bcs. my stock that was left went from .0005 to .0043!)
In this document it asks for more money!!!!
It is signed by the ***** herself.
Posted by rimasco on :
quote:Originally posted by stocks1984:
quote:Originally posted by banah18: Did you see those trades 9 million at 0.0030 ??
and 2 million at 0.0028 ?
yes sir!
those are the prints that make you say HMMMMMMMMMMMMMMMMMMMM? Why were they printed through? Was it cause MM manip refusing to show large prints when they occur to ward off would be buyers? Was a deal reached by sombody that might have been illegally short to have his whole block crossed with another client willing to sell?
If it were a small print i wouldnt be suspicious...but 27k worth...HMMMMMMMMMMMMMMMMMMMMMMM???
Posted by banah18 on :
Yeah i wonder , maybe someone is frontloading
Posted by banah18 on :
IF YOU WANT TO SELL , SELL AT ASK
Posted by banah18 on :
To break down the 0.0030 , lets all sell a little at 0.0030 and break the 0.0030 wall and get over it
Posted by banah18 on :
Pearl Asian Mining Industries, Inc. (PAIM) SqueezeTrigger Price is $0.00054; Approximately 5.3 Billion Shares Shorted S Mining Writers / Business Editors
MANILA, Philippines--(BUSINESS WIRE)--Aug. 9, 2006-- http://www.********** is reiterating coverage of Pearl Asian Mining Industries, Inc. (OTC:PAIM) after releasing the latest short sale data to August 8, 2006. From January 2005 to August 8, 2006 approximately 68.5 billion total aggregate shares of PAIM have traded for a total dollar value of nearly $37 million. The total aggregate number of shares shorted in this time period is approximately 5.3 billion shares. According to July 10th Total Short Interest, there are 9,552,004 shares that have been shorted, but not yet covered. Because brokerage firms are only required to disclose what they are short on one day of the month, the average amount of Total Short Volume in stocks is approximately 20 times (20 trading days vs. 1 trading day) the disclosed Total Short Interest figure. In some cases, ********** has seen Total Short Volume higher by as much as 100 times the disclosed increase in Total Short Interest for that given month. The PAIM SqueezeTrigger price of $0.00054 is the volume weighted average short price of all short selling in PAIM. A short squeeze started when shares of PAIM closed above $0.00054. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.**********. -0- Month Total Vol. Short Vol. Avg. Price Short $ ValueJanuary '05 28,457,320 2,191,214 $0.00090 $1,972 February 24,295,600 1,870,761 $0.00080 $1,497 March 33,403,000 2,572,031 $0.00160 $4,115 April 76,354,000 5,879,258 $0.00060 $3,528 May 221,336,000 17,042,872 $0.00020 $3,409 June 231,350,000 17,813,950 $0.00010 $1,781 July 57,765,000 4,447,905 $0.00010 $445 September 15,892,000 1,223,684 $0.00010 $122 October 30,000,000 2,310,000 $0.00010 $231 November 45,850,000 3,530,450 $0.00010 $353 December 2,500,000 192,500 $0.00010 $19 January '06 375,038,400 28,877,957 $0.00670 $193,482 February 214,707,200 16,532,454 $0.00450 $74,396 March 34,544,240,640 2,659,906,529 $0.00013 $332,488 April 4,911,258,256 378,166,886 $0.00015 $56,725 May 11,325,330,488 872,050,448 $0.00012 $104,646 June 3,853,778,396 296,740,936 $0.00010 $29,674 July 11,737,847,104 903,814,227 $0.00210 $1,898,010 August 724,701,440 55,802,011 $0.00230 $128,345Total: 68,454,104,844 5,270,966,073 $0.00054 $2,848,538 1) short volume is approximated using a proprietary algorithm. 2) average short price is calculated using a volume weighted average short price. 3) short volume is the total short trade volume and does not account for covers.
About Pearl Asian Mining Industries, Inc.
Pearl Asian Mining Industries, Inc. is an aggressive gold mining company with a portfolio of gold and silver mining interests in the Philippines and Canada. With this new and "revenue-making" gold mining operation to be generated sooner than expected, should give a positive impact on the company's 2006 Third and Fourth Quarter Financial Statements. The "Operation Cagayan de Oro" will be operational and done simultaneously while awaiting for the completion in the development of the general infrastructures on the XYZ Gold Mine Site.
About **********
WWW.********** is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. ********** has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
********** has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 900,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like ********** to access the data.
All material herein was prepared by **********, based upon information believed to be reliable. The information contained herein is not guaranteed by ********** to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Pearl Asian Mining Industries, Inc. has paid $2,985.00 to purchase data for information provided in 3 reports. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. ********** is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. ********** will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. This information is deemed reliable, but not guaranteed. All information and data is provided "as is" without warranty or guarantee of any kind.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
KEYWORD: ASIA PACIFIC PHILIPPINES INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS SOURCE: Pearl Asian Mining Industries Inc.
CONTACT INFORMATION: Pearl Asian Mining Industries Inc. Investor Relations: Gary Gotanco, 866-732-7888 or 678-570-6538 (USA) or 310-728-6907 or 011 +63-2-490-0140 (Philippines) Fax: 877-317-4430 IR*PearlAsianMining.com http://www.PearlAsianMining.com Posted by banah18 on :
PAIM RESPONDING ON NEWS
Posted by megahead34 on :
Lets go, this thing isn't moving at all. I don't understand why....its so frustrating.
Posted by coalkickin on :
PLEASE sell at the ask.....or better yet don't sell at all Posted by megahead34 on :
Finally hit the ask. Its annoying how people sell at Bid.
Posted by kermit42 on :
It isn't moving for the same reason it's been marking time in the mid-20's: buying restrictions. And it isn't going to move until the restrictions are removed. Hopefully by an irritated SEC.
Posted by Fuzzy1018 on :
news - great lets move now
Posted by vinnie1 on :
$$$$$$$$$$$$$$$$$$$$$$$$ lets go
Posted by banah18 on :
JUST SELL AT THE ASK , thats all if you want to sell , otherwise dont just like that oher member said
Posted by Synastar on :
Forgive my ignorance, but would you say that PR is good or bad?
Posted by banah18 on :
GOOOOOOOD
Posted by megahead34 on :
banah, give your reasons why its good. Don't just say its good.
Posted by banah18 on :
If you look at it ,
Look how much short there is 0.0021 and 0.0023 , they are trying to cover on that range , once done they will let it go , but thats why ameritrade put a halt on buying online , so ppl sell and they can cover , but that wont happen We will see its good for us .
on ..............................Short..........pps........$amount.. July 11,737,847,104 903,814,227 $0.00210 $1,898,010 August 724,701,440 55,802,011 $0.00230 $128,345
Posted by malchiang on :
What is the potential on this stock?
Posted by megahead34 on :
Man, this is so boring. Is there anything really going to happen to this? Did its "run" already happen when it hit .0065? Is there another run expected? I want to hear from someone experienced in trading.
Posted by stocks1984 on :
i am expecting another run to occur, when? dont know, could happen this week,next week or next month or longer than that. However we are running back into consolidation at this moment, and a breakout should occur (up or down), but im betting it will go up
Posted by banah18 on :
I believe if u look at the latest pr , there is a huge short in the 0.0021-0.0023 area , once thats covered is up from there
Posted by kittykash on :
quote:Originally posted by megahead34: banah, give your reasons why its good. Don't just say its good.
actually, think about news release there. If short squeeze is at .0005 what pps do you think it will have to reach in order for that squeeze to happen? My guess is .0005.
Posted by rimasco on :
quote:Originally posted by rimasco: BAD THREAD!! GET BACK UP THERE!!
Good thread......
Posted by rimasco on :
quote:Originally posted by rimasco:
quote:Originally posted by rimasco: BAD THREAD!! GET BACK UP THERE!!
Good thread......
Posted by banah18 on :
Just watch !
Posted by malchiang on :
what is the short term target for this stock?
Posted by rimasco on :
quote:Originally posted by banah18: Just watch !
I have been its makin me sleepy!
Posted by megahead34 on :
ditto. I need some action.
Posted by rimasco on :
Maybe we should start a new thread???
We can call it "PAIM the next stock to go to .10"
Posted by banah18 on :
YES MAKE A NEW THREAD AND TALK ABOU THE SHORT !
Posted by banah18 on :
<fastrunner> for all PAIM holders. I just called their 866# and it routes to the Philippines. Talked to a lady in the IR dept. <fastrunner> She is very fired up about the stock. Said they will never ever (repeated it over 10 times literally) do an r/s because it is not good for the company etc... <fastrunner> i asked to talk to Gary Gotanco who is on the contact list for IR and she said he is on the field. I can call him at 7:00 our time.
Posted by megahead34 on :
Looks like peopel are getting tired of waiting. This is looking very bad. When will they release PR and announce buyback is complete?
Posted by rimasco on :
ABLE high bid......HMMMMMMMMMMMMMMMMMMMMMM!!!??
Posted by Ripler on :
quote:Originally posted by megahead34: Looks like peopel are getting tired of waiting. This is looking very bad. When will they release PR and announce buyback is complete?
I believe that already happened
Posted by banah18 on :
Im still holding.
Posted by BuckyBarnes on :
I'm holding tight. Operations coming up and a debt-free balance sheet...good signs... incorporated with a buyback to reduce outstanding common.....the pps is positioned to increase significantly. Posted by Time to Get Rich on :
The buyback is complete, I spoke to the IR personal today, it was complete today and the PR will be coming out early next week. that is what she told me.
Posted by bobcat88 on :
Take the time to listen to this about why stocks are restricted.
30 mins, can't you just give us a summary...hehe
Posted by banah18 on :
Now see , i heard that , and they have no reason why its on the suspicious list , when asked why PAIM is on the list , they said they dont know.
Total bs.
I believe you should add no matter what they tell you to kill those shorters.
Posted by megahead34 on :
Isn't it fun to lose money!!! This sux big time!
Posted by stocks1984 on :
we should see it rise later in the day, jmho
Posted by rimasco on :
This is like going to a manic proctologist with a svere case of arthritus.......and parkensens!!
JMHO!!!!!
Posted by stocks1984 on :
well you might be right here, damn stock!
Posted by rimasco on :
I have to laugh......
Posted by megahead34 on :
quote:Originally posted by stocks1984: we should see it rise later in the day, jmho
Why do you say that?
Posted by bowlegtroy on :
Restricted...and the spread is really interesting --> .0005/.004.
WTF?
Posted by ruthie on :
Bummer!!
Posted by rimasco on :
If this thing could muster the strength to close green...technically it would be a good buy for all those that fdont have a bag yet...right now its still a "good by"
good by car good by summer house
Posted by bowlegtroy on :
Ok, lemme get this straight: In order for the shorts to cover they will need to try to take it all the way down to .00054 from it's current/last price (.0019)?
With Ameritrade restricting this stock from online trading, think it'll happen??? Or do you think that covering will start now?
-------------------------------------------------------------------------------- Press Release Source: Pearl Asian Mining Industries Inc.
Pearl Asian Mining Industries, Inc. (PAIM) SqueezeTrigger Price is $0.00054 Wednesday August 9, 9:45 am ET Approximately 5.3 Billion Shares Shorted Since January 2005 According to ********** Research Report
MANILA, Philippines--(BUSINESS WIRE)--Aug. 9, 2006--www.********** is reiterating coverage of Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) after releasing the latest short sale data to August 8, 2006. From January 2005 to August 8, 2006 approximately 68.5 billion total aggregate shares of PAIM have traded for a total dollar value of nearly $37 million. The total aggregate number of shares shorted in this time period is approximately 5.3 billion shares. According to July 10th Total Short Interest, there are 9,552,004 shares that have been shorted, but not yet covered. Because brokerage firms are only required to disclose what they are short on one day of the month, the average amount of Total Short Volume in stocks is approximately 20 times (20 trading days vs. 1 trading day) the disclosed Total Short Interest figure. In some cases, ********** has seen Total Short Volume higher by as much as 100 times the disclosed increase in Total Short Interest for that given month. The PAIM SqueezeTrigger price of $0.00054 is the volume weighted average short price of all short selling in PAIM. A short squeeze started when shares of PAIM closed above $0.00054. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.**********. Month Total Vol. Short Vol. Avg. Price Short $ Value
January '05 28,457,320 2,191,214 $0.00090 $1,972 February 24,295,600 1,870,761 $0.00080 $1,497 March 33,403,000 2,572,031 $0.00160 $4,115 April 76,354,000 5,879,258 $0.00060 $3,528 May 221,336,000 17,042,872 $0.00020 $3,409 June 231,350,000 17,813,950 $0.00010 $1,781 July 57,765,000 4,447,905 $0.00010 $445 September 15,892,000 1,223,684 $0.00010 $122 October 30,000,000 2,310,000 $0.00010 $231 November 45,850,000 3,530,450 $0.00010 $353 December 2,500,000 192,500 $0.00010 $19 January '06 375,038,400 28,877,957 $0.00670 $193,482 February 214,707,200 16,532,454 $0.00450 $74,396 March 34,544,240,640 2,659,906,529 $0.00013 $332,488 April 4,911,258,256 378,166,886 $0.00015 $56,725 May 11,325,330,488 872,050,448 $0.00012 $104,646 June 3,853,778,396 296,740,936 $0.00010 $29,674 July 11,737,847,104 903,814,227 $0.00210 $1,898,010 August 724,701,440 55,802,011 $0.00230 $128,345
1) short volume is approximated using a proprietary algorithm. 2) average short price is calculated using a volume weighted average short price. 3) short volume is the total short trade volume and does not account for covers.
About Pearl Asian Mining Industries, Inc.
Pearl Asian Mining Industries, Inc. is an aggressive gold mining company with a portfolio of gold and silver mining interests in the Philippines and Canada. With this new and "revenue-making" gold mining operation to be generated sooner than expected, should give a positive impact on the company's 2006 Third and Fourth Quarter Financial Statements. The "Operation Cagayan de Oro" will be operational and done simultaneously while awaiting for the completion in the development of the general infrastructures on the XYZ Gold Mine Site.
About **********
WWW.********** is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. ********** has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
********** has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 900,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like ********** to access the data.
All material herein was prepared by **********, based upon information believed to be reliable. The information contained herein is not guaranteed by ********** to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Pearl Asian Mining Industries, Inc. has paid $2,985.00 to purchase data for information provided in 3 reports. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. ********** is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. ********** will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. This information is deemed reliable, but not guaranteed. All information and data is provided "as is" without warranty or guarantee of any kind.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact: Pearl Asian Mining Industries Inc. Investor Relations: Gary Gotanco, 866-732-7888 or 678-570-6538 (USA) or 310-728-6907 or 011 +63-2-490-0140 (Philippines) Fax: 877-317-4430 IR*PearlAsianMining.com www.PearlAsianMining.com
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries Inc. --------------------------------------------------------------------------------
Posted by rimasco on :
Could you explain that in "lame-mans terms"?
Posted by bowlegtroy on :
Buy ins dot net determined the squeeze trigger price of .00054. That means that there are tons of short positions out there that will need to be covered at .00054 according to the above article (found on Yahoo).
Current pps is around .0018. If shorts want to bring it back down so they can cover, they have to bring it waaaaaay down to .00054.
So my question is: Do you think they will be able to take it down that far (with Ameriturd helping), or do you think they'll start covering now (at .0018)?
Posted by rimasco on :
And my question to you is....how does a short take a stock down without risking getting illegally short alot more?
Posted by bowlegtroy on :
Well, that's the risk they *always* take, right?
I'm not making predictions or anything here, I'm just curious what others make of the trading restrictions from ATD, and if they think it will get down to the "trigger" price noted, or if ATD eventually must lift their restrictions and it will fly before it drops that low?
Posted by bowlegtroy on :
Bid/Ask just tightened up a little: .0023/.0034
Things that make you go "Hmmmmmmmmmmm.....".
Posted by rimasco on :
I know nothing about these "triggers" but i do know the stock doesnt have to go there. They coulda taken there losses daily over the last two weeks getting a weighted avg buy of mid 002s. Which isnt bad considering what PAIV did.
Posted by bowlegtroy on :
AND.....it's back to .0005/.004. Gotta love it.
Posted by Raytrader on :
stock manipulation????? what does AT think?.....were stupid.....thats exactly what they are doing!....they should not be allowed to do such a blantently obvious trade manipulation(buying restriction)......whatever!!
Posted by Raytrader on :
SEC where are you!!!!!!!!!!
Posted by megahead34 on :
bowlegtroy, what are you talking about? I'm not seeing Bid/Ask do wierd stuff.
Posted by Raytrader on :
SEC where are you!!!!!!!!!!!!
Posted by rimasco on :
me neither......maybe its a last ditch effort form his trade house......bowel do you use Ameriturd??
Posted by megahead34 on :
back even
Posted by vinnie1 on :
no matter what they do i am still in.
Posted by rimasco on :
An EOD rally would be a good sign (reversal)
Posted by mdk2020 on :
So... how much money do I need to become a MM?
Posted by Chopper on :
PAIM -- Pearl Asian Mining Industries Inc. Com ($0.001)(New)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Pearl Asian Mining Industries Completed More Than 90% of the 90% Buy-Back of Common Shares
Received Its Second Small-Scale Mining Permit; Arrival of Gold Processing Plant from China; Develops Road and Other Infrastructure in Cagayan De Oro -- Binasan Gold Mine Site
MANILA, Philippines, Aug 11, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries (OTC:PAIM) announced the completion of more than 90% of the 90% buy-back of all its common shares. The post-buy-back outstanding common shares are now less than 4,000,000,000. However, PAIM suspects that short interest could be greater than the number of shares outstanding based on the recent report of Buy Ins . net. Furthermore, all Convertible Debentures and Preferred Shares are to be converted to Common Shares, only for its Beneficial Owners after they register the certificates in their names, both Objecting (OBO) and Non-Objecting (NOBO), and must be signed with a medallion signature guaranteed stamp. This properly endorsed original certificate must be presented and surrendered for actual transfer or conversion. Pearl Asian received its second small-scale mining permit while the gold processing equipment designed to produce gold/silver concentrates arrived from China into the Port of Manila.
Small-Scale Mining Permit: Mayor Lawrence Li Cruz of Iligan City, Lanao Del Norte, issued and signed on August 9, 2006, the second small-scale mining permit (SSMP) of Pearl Asian Mining Industries through its partner, KAHIB, an organized Higaonon Tribal Group. This will enable Pearl Asian to start operating and producing the gold and other mineral resources in the Binasan Mine Site. The City of Iligan is partnering with PAIM in the development of the road infrastructures to enhance the accessibility towards the mine site of approximately 640 meters high (app. 1,920 feet above sea level). Pearl Asian agreed to cover all the cost of fuel and miscellaneous expenditures to build the road, while the City of Iligan provides materials, heavy tractors, bulldozers, back hoes and manpower. The development of the roads and other infrastructure in Cagayan De Oro -- Binasan Gold Mine Site is progressing rapidly as the estimated arrival of the gold equipment is August 18, 2006.
Gold Equipment Plant Site: The Gold Team of PAIM and the Indigenous People (Higaonon Tribe) are finalizing the completion of the gold equipment plant site as their top priority. This will be followed by the development of a helicopter landing-pad, the building of a schoolhouse, a community chapel, a multi-purpose hall, a medical clinic, and other housing improvements.
Electric Power: Atty. Conchito Oclaret, Head of the Misamis Oriental Electric Systems Cooperative (Moresco), agreed to assist in providing Pearl Asian the extension of electrical power lines towards the Binasan Mine Site. This will allow Pearl Asian to use electricity without generators, in order to run the gold mining equipment and to sustain the other electrical necessities at the mine site.
Chemical & Metallurgical Laboratory: Chief Metallurgist Engr. Elvis Hidalgo and his team member Engr. Rochelle Laylay (R&D) are actively preparing the chemical laboratory site. They are responsible for the accurate chemical analysis, metallurgical assaying, smelting, and refining of the gold concentrates to its 99.999 weight % purity.
According to the Company, Pearl Asian's vision and mission for the mining alliance with the Philippine Government, its Indigenous People (IP) and Small-Scale Mining Operators (SSMO) were fully welcomed. PAIM is committed to using the best environmentally friendly mining practices, projecting low capital costs for each project for this income-generating mining company. Pearl Asian is aiming to provide community upliftment, by strengthening local governance, providing sustainable jobs to the community, thus enhancing the living standards of its employees and the whole community into sustainable economic growth.
"Since the equipment arrived before the completion of the road infrastructure, Pearl Asian's Gold Team is ready to use alternative means, the use of a helicopter to air-lift the gold equipment onto the Binasan Mine Site. The other alternative is the use of four caribou to pull the crates of gold equipment towards the steep Binasan mountains to the mine site," reported Brother Manny Tecson, EVP/Chief Community Relations Officer.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The factors that could cause actual results to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries Inc.
CONTACT: Pearl Asian Mining Industries Inc. Investor Relations: Gary Gotanco, 678-570-6538 (USA) or 310-728-6907 (Philippines) 877-317-4430 (fax) IR*PearlAsianMining.com www.PearlAsianMining.com
Copyright Business Wire 2006
-0-
KEYWORD: Philippines Asia Pacific INDUSTRY KEYWORD: Natural Resources Mining/Minerals
Search for Dun & Bradstreet reports on this company.
Posted by stocks1984 on :
suckers! what did i tell you (wink) (wink) Posted by 4Tune4Me on :
I hope that wasn't the run, Stocks (wink)(wink) Posted by Fuzzy1018 on :
shud go higher right?
Posted by stocks1984 on :
quote:Originally posted by 4Tune4Me: I hope that wasn't the run, Stocks (wink)(wink)
wait for it, wait for it, Posted by 4Tune4Me on :
Baby, I got alllllllll day...
Posted by stocks1984 on :
was this not the news alot of you were waiting on? correct me if im wrong
Posted by megahead34 on :
If we clost at .003 or higher, i will be very happy.
Posted by Fuzzy1018 on :
well I was waiting for this news for sure, but it didnt do much. WHY?
Posted by SherriT on :
At least this PR is NOT a fake....confirmed it in a couple of places. We just have to be patient...a virtue I don't have, but trying. This thing is definately due for a good run.
Posted by rimasco on :
HMMMMMMMMMMMMMMMMMMMMMMM?????
Posted by Raytrader on :
AT is catching heat for this one so they will be forced to take their thumbs off this very soon...before this incident winds up on DATELINE..hint hint
Posted by Chad on :
maybe we should post a thread with the good news of buyback and the shorting to spark some more interest, perhaps other dont know??? Im trying here. lol
Posted by banah18 on :
Yeah we should do that , change the topic title please
Posted by Raytrader on :
alright !!!! I posted a new topic
Posted by imapoorcollegestudent on :
Wow I listened to the AT phone call... So are they the only ones allowing Joe Blow with just a couple thousand in assets to short pennies??? And are they the only ones who are not allowing normal trades (via internet, must call in of broker assisted trades) on PAIM??? So does if the answer to these two questions are yes... Does that mean bad for them good for us??? Hummmmm http://www.ultimateuploads.com/audio/view.php?play=4df42849f3e12a9379065276bbea8 c3d
Posted by banah18 on :
TEX CAN U UNLOCK THE OTHER ONE AND LOCK THIS ONE ITS GETTING TOO LONG
Posted by Chad on :
well, maybe Tex will unlock the other one? maybe not. I just think this is one that other may not know about this was shorted and then brokerages restricted buying. Also, I bet some others didnt know about the buybuck news.....maybe we can ask TEX if we can start a threa that highlights those 2 factors? I guess the other was is out there for people to see now at least? good job guys!
Posted by J_U_ICE on :
PAIM is registered with the Philippines SEC. To verify my claim, please follow the following direction:
PAIM is registered with the Philippine SEC, http://www.sec.gov.ph/ to verify this. If you go to that website, under Online Transactions sub-heading, you will see Search Reserved/Registered Companies. Then you will see another window pops up. Next, click "Continue", another window will pop up. Then, Enter Pearl Asian Mining, DO NOT FORGET TO CLICK one of two choices on "Show Companies That".
Posted by 4Tune4Me on :
AT's streamer shows bid at .0005 and ask at .004...but their Snapticket shows .0019 and .0021....WTF?
Posted by ACKCANE on :
What can i do with my billion shares from the dividend? Toilet paper? what?
Posted by 4Tune4Me on :
Rumor has it that AT is allowing online trading again...not confirmed...
Posted by 4Tune4Me on :
Movin' this a.m. - are the thumbs finally off this one?
Posted by megahead34 on :
Can someone confirm that AT is allowing online trading now?
Posted by stocks1984 on :
patience people, patience, (wink) (wink) Posted by stocks1984 on :
look at that long line of consolidation! this will have to breakout at any moment, when i have no clue, but im betting soon! (wink) (wink) Posted by Raytrader on :
i just bought 100 shares on AT went through immediatly!!!.....CONFIRMED
Posted by rimasco on :
stocks1984, to much caffeine in your diet could be the reason for eye twitching and blinking.......(wink) (wink) Posted by megahead34 on :
ok very nice to know that this stock is not restricted anymore. Woo Hoo!
Posted by stocks1984 on :
quote:Originally posted by rimasco: stocks1984, to much caffeine in your diet could be the reason for eye twitching and blinking.......(wink) (wink)
maybe , or maybe not, will see Posted by jayminho on :
ipre and paim are " released" now.. you can trade online hope it takes the prices higher
Posted by ACKCANE on :
I'll ask again . . . does anyone know anything about the dividend shares and when or if they will be tradeable?
Posted by atleast on :
quote:Originally posted by ACKCANE: I'll ask again . . . does anyone know anything about the dividend shares and when or if they will be tradeable?
send email to info * americanhst.com - they are responsible for all transactions
Posted by Duncan Idaho on :
quote:Originally posted by atleast:
quote:Originally posted by ACKCANE: I'll ask again . . . does anyone know anything about the dividend shares and when or if they will be tradeable?
send email to info * americanhst.com - they are responsible for all transactions
TDA told me that the preferred will never be tradeable. I need to get some certificate, which will cost me more $. Same with the CDs. Forget about it.
Posted by megahead34 on :
I'd like to close at .003+
Posted by rimasco on :
Be nice to see an EOD rally here
Posted by yayplaya on :
ask is down , at least its getting hit though
Posted by rimasco on :
THIS THING LOOKS LIKE ITS READY TO GO!!!!!!
....sideways
Posted by Time to Get Rich on :
I hope it will go sooner than later cuz it is making me sick trading side ways.
Posted by megahead34 on :
Not bad this morning. Ask is getting hit alot.
Posted by megahead34 on :
Ask is getting hit hard this morning. I think MMs still holding this....should fly soon IMO.
Posted by stocks1984 on :
did you look at current TA?? (wink) (wink) Posted by megahead34 on :
theres no movemnet its stasying put whats going on?
Posted by Raytrader on :
look at the B/A size......100x1
Posted by rimasco on :
i dont mean to come off like a bdgee but....they cant "hit the ask"....you can only hit bids...offers are taken, scooped....etc
I used the same term.....then the traders whos money i was learning with (way back when) scolded me cause i kept confusing him..LOL
Posted by Raytrader on :
they are doing everything they can to keep a lid on this.....this thing is going to fly to 3.50 by 3:30pm today ..........
see attached FORWARD LOOKING STATEMENT
haha
Posted by Raytrader on :
they are doing everything they can to keep a lid on this.....this thing is going to fly to 3.50 by 3:30pm today ..........
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The factors that could cause actual results to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
SOURCE: Raytrader
Posted by rimasco on :
0025 or better and the chart will continue to attract new money
Posted by Raytrader on :
quote:Originally posted by rimasco: i dont mean to come off like a bdgee but....they cant "hit the ask"....you can only hit bids...offers are taken, scooped....etc
I used the same term.....then the traders whos money i was learning with (way back when) scolded me cause i kept confusing him..LOL
what the heck are you talkin about?
Posted by Raytrader on :
stochasticly speaking.."this chart already looks inticing
Posted by rimasco on :
quote:Originally posted by Raytrader:
quote:Originally posted by rimasco: i dont mean to come off like a bdgee but....they cant "hit the ask"....you can only hit bids...offers are taken, scooped....etc
I used the same term.....then the traders whos money i was learning with (way back when) scolded me cause i kept confusing him..LOL
what the heck are you talkin about?
The term "HIT THE ASK" IS AN oxyMORON.......you can only "HIT the bid" This is the correct termonology. Like i said i used to confuse the SHlT out of the old timers saying the same thing
Posted by Raytrader on :
oh ok.....ic didnt make sense to me...thnx
Posted by rimasco on :
some volume coming in at the offer
Posted by Grail7 on :
But sideways...
Posted by popfadera on :
:/
Posted by BuckyBarnes on :
********.com: Daily Market Movers Digest Midday Stock Alerts for Tuesday, August 15th, PAIM, CVCP, FGFC, CTUM, UDSG, IMJX
Aug 15, 2006 (M2 PRESSWIRE via COMTEX) -- Today our stock watch alerts today include Featured Profiles for Pearl Asian Mining Industries Inc. (OTC: PAIM), ..........."other referenced issues removed for this post by me"................................
Pearl Asian Mining Industries Inc. (OTC: PAIM) is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Utilizing a PAIM News: August 15 - Geological Exploration Expands Showing Extensive Gold Mineralization: Additional Gold Veins Discovered From The ''Opera Pearl Asian Mining Industries (OTC:PAIM) EVP & Chief Geologist Regino L Selvano PRC Lic. No. 0001474 reports that geological exploration continues & expands showing extensive gold mineralization. There were additional gold veins discovered from the "Operation Cagayan De Oro" Binasan Gold Project.
GEOLOGY: Foot traverse using compass-tape survey was made by our Geological Mapper, George Carpio, and covered approximately 12 hectares of the initial 20-hectares mining area. The remaining 8 hectares are part of the exploration program which are an extension of the mineralization in the area that has been cut and separated by local fault lines. Additional 8 veins were identified and some other geologic structures were recorded that contribute to the gold mineralization of the area. These veins were named as Ming Zhu, Hazel, Raye, Benn, Bernadette, Nikki, Tanya and Angeline. Those veins were already plotted on the map and revealed good potential for gold deposits. Re-opening of a nearby tunnel, available to PAIM, was also finished, for the purpose of getting additional information with regard to the mineralization of the area. Rock samples were taken for further studies. STOCKPILE: Almost all of the existing stockpiles were transferred to the main stockpile located beside the gold mill processing plant. Stockpiling for Lalaine, Michelle, Jessie and Koline Veins continues. At present, Lalaine Vein has recovered a volume of approximately 30 cubic meter stockpile and still shows good signs of gold deposits. On the other hand, the Jessie Vein shows changes on the geology with the occurrence of massive quartz vein recovered on the deeper portion. Initially, it was interpreted as epithermal gold deposit but during the analysis, it was noticed that the quartz veins are still within the joints and beds of the host rock which means it is part of placer gold deposit. Furthermore, most of the veins have showings of the presence of silicates probably quartz and amphiboles, black minerals such as magnetite, and chromite with patches of iron oxides and blue color mineral considered to be a tarnish of pyrite. MILL PLANT: Construction of the building for the gold mill plant is nearly complete. It is expected to be 100% complete once the gold equipment reaches the mine site on or around August 20th, as it has already passed customs. The third quarter of 2006 will see the transition of this once small scales mining site of the Indigenous People into an operational and productive site bringing employment to the local community of the Higaonon Tribes. The "Operation Cagayan De Oro Gold Project" is planned with a minimum risk, cost effective enterprise and will serve as the model and the pioneer for more gold mining projects planned by Pearl Asian Mining Industries (PAIM) throughout the Philippines Archipelago.
Posted by vinnie1 on :
FALLING ASLEEP WATCHING THIS.LOL
Posted by rimasco on :
If UBSS leaves I think this thing will go right to....0025
Posted by rimasco on :
I witnessed NITE buy 10s of millions at the 0023 bid between today and yesterday.......makes ya say hmmmmmmmmmmmmmmmmm??
Posted by rimasco on :
Some big buying coming in down here......along with some big selling
LOL
Posted by Grail7 on :
Well looks like this has now transformed to long-term investment than a trade now... Wake me when we get to more than half a penny.
Posted by Chad on :
anyone think that once they have 100% of the buyback done MM's let this thing go?
Does anyone still think this hits a penny someday? or a half-penny short term? perhaps once the buyback is complete?
Im saying yes to both....penny is longterm though.
Posted by RsHnWaTCh on :
PAIM fans...Come join me Here and lets all have a PAIM group stock chat. Find out who knows what and peoples DD, etc.
Posted by kermit42 on :
SPAM!
Posted by RsHnWaTCh on :
Spam? I own these stocks and just letting people know they can chat there with me. How is that spam? I didn't even try to post a www.***.com . That would be spam.
Posted by kermit42 on :
Ermm...you do have a link. You own these stocks, you're here where there's already thread. But your post does nothing other than try to draw people away to your other site. You contribute nothing to this one.
But it's not spam?
Posted by Raytrader on :
fry it, slice it, put it on a sandwich with tomato,...it still tastes like crap
Posted by Raytrader on :
should check the pps on SPAM...maybe?
Posted by Grail7 on :
quote:Originally posted by Chad: anyone think that once they have 100% of the buyback done MM's let this thing go?
Does anyone still think this hits a penny someday? or a half-penny short term? perhaps once the buyback is complete?
Im saying yes to both....penny is longterm though.
We're all hoping for that, and I think we'll notice the buyback completion when the MMs start to ramp it up. For now, I wonder that 10% left to buyback is taking a bit longer. And got to agree with the rest, eyebrows are raised with the huge orders being filled at bargain prices...
Posted by megahead34 on :
I'm losing my patience here. I want to see something good.
Posted by Grail7 on :
Dont we all mega, but seems like this is gonna be another "we'll wait next week," but suffice to say, its okay going sideways, better than down.
Posted by Thomas Mick on :
What is the OS on this position now?
Posted by rimasco on :
quote:Originally posted by rimasco:
quote:Originally posted by rimasco: BAD THREAD!! GET BACK UP THERE!!
Good thread......
Posted by midwestTEK on :
sniff sniff....rrrrr I smell GOLD arrrrghhhh!!! Aye bet sheer gottah fly ere' soooon matey ! ARRRGHHH!!!
Posted by megahead34 on :
quote:Originally posted by Grail7: Dont we all mega, but seems like this is gonna be another "we'll wait next week," but suffice to say, its okay going sideways, better than down.
True, sideways is better than down. I have a feeling we'll see a PR with completion of buyback tomorrow. just my opinion.
Posted by midwestTEK on :
Hey it's maintaing near the .002-.0025 range! Not bad, for most tank to the .001 range. THEN ITS ALL DOWNHILL. The ship is a still afloat. Stay long and strong. PATIENCE IS A VIRGIN!
Posted by megahead34 on :
It's always good to see that they are REALLY finding gold. Good things await us my friends.
Posted by megahead34 on :
Wow, 12,948,000 buy just went thru. Thats over $25K. My turn to say Hmmmmmmmmmmmmmmm?
Posted by Grail7 on :
Someone bought at .0018?! There were bids at about .0016 too. Something's up. Or maybe I'm just so bored with watching this go sideways...
Posted by megahead34 on :
if someone bought $25K worth, something may be up. What do you guys think of the PR? It's a little cheezy, but i like the fact that they are really finding gold.
Posted by Raytrader on :
25k = long term investment
Posted by 4Tune4Me on :
I'm getting tired of TDAM not listing actual bid/ask on streamer...no matter what it's at it's always .0018 and .004...have to update their snapticket to get actuals.
Posted by rimasco on :
HOLY SHlT THIS THING MIGHT ACTUALLY GOOO!
....sideways
Posted by Raytrader on :
quote:Originally posted by 4Tune4Me: I'm getting tired of TDAM not listing actual bid/ask on streamer...no matter what it's at it's always .0018 and .004...have to update their snapticket to get actuals.
heck yeah...!! tell me about it ...check out gwgo
Posted by rimasco on :
Ruthie, try this site for translating german to english..(other languages too)...I took a quick look at the dates and did not see information more current than what we see here in the states.....
..rimasco....is there a specific post on this site that you wanted us to look at???
Posted by Grail7 on :
quote:Originally posted by rimasco:
quote:Originally posted by rimasco: SHIZER!!!!!!! check out this link
Way too rusty to work a good translation, but appears that even foreign investors are a bit frustrated waiting for this to go. Well equipment is coming, until we get a PR that it is working well and we got some good quality gold. Guess more waiting but not too long...
Posted by ruthie on :
Thanks BuckyBarnes!!
Posted by BuckyBarnes on :
Your Welcome...GLTU QUOTE]Originally posted by ruthie: Thanks BuckyBarnes!! [/QUOTE]
Posted by DZWulf on :
Hey all long term PAIM holders! Im a GI who just got back from a fairly lengthy deployment and I cant get in touch w/ the powers at PAIM. Can anyone tell me if they are allowing conversion of preferred shares yet or at least piont me in the right direction as to where I can find that info. Thanks and GLTA!!
DZ
Posted by rimasco on :
PAIM starting to heat up....maybe it'll thaw out and move today
Posted by Soul_beyond on :
Can anyone tell me how to convert my preferred shares to common shares of paim .. i was talking to my broker for the pass month and they don't know any known way to convert preferred shares to common shares !!
i know it is 10000 to 1 at this point .. but we still should be able to convert them i Send email to paim asking them about this .. they didn't response
did anyone have any information that they can share with me?? i appreciate it
Posted by QC habs on :
What is the difference between "preferred shares" and "common shares" What are the advantages of the "preferred shares" ? thx .
Posted by Soul_beyond on :
preferred shares are given out in march 2006 .. they can be convert to common shares at a fixed rate
.. 10000 to 1 first year 5000 to 1 2nd year .. etc
but at this point we are not be able to convert it to common shares ..
Posted by Chad on :
Whats the deal with restrictions? I thought they were done, but I bought more today over phone and the guy at Scottrade said they were restricted still from online buying and it was red-flagged and they wanted to be able to monitor who buys and sells it and how much.
so maybe thats the reason it hasnt taken off yet, it's still under restrictions.
Im thinking brokers just want to keep it down to get cheap shares, then they'll lift it to let it go. sum*****es!
Posted by J_U_ICE on :
PAIM Signed a Joint Venture Agreement: Gold Project Sta. Barbara, Near Paracale, Camarines Norte; Total Estimated Ore Reserves of 318,400 Metric Tons: Visited by US Shareholder Business Editors / Mining Editors
MANILA, Philippines--(BUSINESS WIRE)--Aug. 22, 2006-- Pearl Asian Mining Industries, Inc. (OTC:PAIM) announced that it has recently signed and entered into a contract to finance the operations of a small scale mining group operating in the town of Jose Panganiban, Paracale, Camarines Norte, accessible by 7-hour drive south of Manila. It is named Project Sta. Barbara, after the name of a village, where the mine site is located.
The agreement stipulates that Pearl Asian shall finance pertinent mining and operating expenses of the small scale mining group composed of experienced and seasoned miners who have worked in the mines for more than 10 years. In return, Pearl Asian will have exclusive right to purchase the group's gold production. In addition to income from buying and selling gold, the net proceeds from the price of the gold purchased by the small scale mining group will be shared according to a predetermined sharing agreement, where Pearl Asian will receive a 5% share.
According to a study conducted by Geologist Orlando Consulta of Southeast Pacific Rim International Geological Services, Inc., the average grade of gold ores in the area is around 19 grams Au (gold) per metric ton of ore. Project Sta. Barbara contains an estimated total ore reserves of 318,400 metric tons, based on drilling tests done by the firm.
With this gold trading and financing operation in the Paracale Area, Pearl Asian Mining envisions an additional immediate revenue stream that will complement the revenues coming from Project Cagayan de Oro slated to start operations within this month.
FORWARD LOOKING STATEMENTS
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
KEYWORD: ASIA PACIFIC PHILIPPINES INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS CONTRACT/AGREEMENT PHOTO/MULTIMEDIA SOURCE: Pearl Asian Mining Industries Inc. - Philippines
CONTACT INFORMATION: Pearl Asian Mining Industries Inc. - Philippines Investor Relations Engr. Gary Gotanco, 866-732-7888 or 310-728-6907 Fax: 877-317-4430 IR*PearlAsianMining.com http://www.PearlAsianMining.com Posted by megahead34 on :
Excellent news! I love the picture of the gold nugget...hehe
Posted by 4Tune4Me on :
There's a whole lotta disgruntled Germans posting on that site and I don't blame them.
Posted by Skyman on :
Where is the picture? I can't seem to find it.
Posted by sbbd75 on :
Why does news always been showing paim as stock on the rise or midday alerts when paim just hangs there in the balance around .002? Shouldn't it go up whenever its getting so much press?
Posted by megahead34 on :
picture is in the PR
Posted by J_U_ICE on :
nice close
Posted by OTC_MONEY on :
next big run up after a big dip down? ALl buys now..no one is selling .002 is printing..!! looking good for the rest of this week
Posted by xnycen on :
I agree, nice close, no change, should be a good play tomorrow/this week!
Posted by vinnie1 on :
going to move up from here.
Posted by xnycen on :
agree vinnie, paim's been accumulating around .002 for a while, this week should be the time for the next run up ..!! it's going to be my play of the week..! looking good..
Posted by vinnie1 on :
yep bought more today time to make a little money
Posted by Soul_beyond on :
Is anyone be able to convert their preferred shares to common shares .. i have been trying to do it .. for a month .. my broker can't find any information on it ..
I know it is 10000 to 1 .. at this point ..but i just want to know they can be converted ..
at this rate, we won't be able to convert it at all ..
Posted by Chad on :
just wondering if anyone has had any problem buying?
Like I said in post yesterday, Scottrade told me they still have restriction from online buying/selling cause they want to monitor who's buying and how much.
Posted by Chopper on :
Chad, Why would they want to monitor who is buying/selling and how much? That is a very odd statement by a broker if true in itself. Sounds like either Big Brother or the Shorters have come to roost. Maybe Both!
quote:Originally posted by Chad: just wondering if anyone has had any problem buying?
Like I said in post yesterday, Scottrade told me they still have restriction from online buying/selling cause they want to monitor who's buying and how much.
Posted by Chad on :
not sure..i thought restriction was over, but as I bought Monday, he was like "hold on", then came back at said I can buy it, but it had been flagged by them and restricted from online buying. I asked why and thats what he told me.
I've been thinking brokerages have done this restriction thing cause of shorterings along with MM's. All trying accumulate and get people to sell. this seems to have been going on for like 3-4 weeks now.
So you'd think that this is due to run soon, but not sure how much? 100%, 200%, 300%??
Posted by Soul_beyond on :
quote:Originally posted by DZWulf: Hey all long term PAIM holders! Im a GI who just got back from a fairly lengthy deployment and I cant get in touch w/ the powers at PAIM. Can anyone tell me if they are allowing conversion of preferred shares yet or at least piont me in the right direction as to where I can find that info. Thanks and GLTA!!
DZ
yo dude .. i am trying to figure out that also .. i called my brokers .. called paim but still no response .. i suggest u call your broker and force them to call paim .. otherwise. . we will never get anything done.
Posted by Grail7 on :
Have the same broker as you Chad, have no problems or restrictions with buying PAIM.
Posted by Chad on :
huh Grail? do you mean buying online? I had no problem buying it over phone, but the broker did pause and did tell me about it being restricted from online buying/selling.
If its not anymore, great, if it is, that sucks.
Im just hoping all this accumilation past few weeks is close to over and it finally gets to run!!
Posted by Grail7 on :
Yup, online. I would never want to get hit with the high commission by phone. I just put in an order for it, no red warnings/restrictions. I even modified it again. None.
Posted by BuckyBarnes on :
Seems that MM's are trading PAIM down incrementally abot each day. Has anyone heard anything from IR at PAIM about the status of the Buyback? I have sent an e-mail inquiry about this two days ago and have not yet gotten any reply. Will advise when I hear something.
Posted by Soul_beyond on :
From: xxxx <xxxxxx*learn.senecac.on.ca> To: "E. Pearl Asia" <pearlasian*hotmail.com> Subject: Re: RE: Fwd: Dividend information requested! Date: Tue, 22 Aug 2006 23:14:01 -0700 > >Thanks for the response, I appreciate it. >Moreover, I have some questions regarding the buyback. >1. Is the buyback complete? YES >2. If the buyback is completed, can the debentures be able to convert back to common shares? YES > I know it is only 10% of original shares sold to paim. >3. Will the brokers or transfer agents be informed of this information? Yes of course.. they should be fully aware. >4. If the buyback is still incomplete, how long will it be done?
clicK on NEWS. all the PR's are there..to update yourself..on what is going on the company
click on Financials: see the 15c211.
Posted by BuckyBarnes on :
T.Y. to ya'll Soul_beyond.....lat PR I've seen on buyback is the August 11 news release about it being 90% completed. PAIM needs to do a follow-up PR to announce the completion of the buyback if it is in fact done. I'm still awaiting a reponse to my query and will try again if nothing heard by tomorrow AM.
quote:Originally posted by Soul_beyond: From: xxxx <xxxxxx*learn.senecac.on.ca> To: "E. Pearl Asia" <pearlasian*hotmail.com> Subject: Re: RE: Fwd: Dividend information requested! Date: Tue, 22 Aug 2006 23:14:01 -0700 > >Thanks for the response, I appreciate it. >Moreover, I have some questions regarding the buyback. >1. Is the buyback complete? YES >2. If the buyback is completed, can the debentures be able to convert back to common shares? YES > I know it is only 10% of original shares sold to paim. >3. Will the brokers or transfer agents be informed of this information? Yes of course.. they should be fully aware. >4. If the buyback is still incomplete, how long will it be done?
Thanks Harry. Not too much shorted but got to say is wow.
Posted by megahead34 on :
This isn't looking good at all. We need some news to wake this up.
Posted by Harry Lime on :
quote:Originally posted by Grail7: Thanks Harry. Not too much shorted but got to say is wow.
I just wonder how accurate those numbers are. With all the games and BS that goes on with the pinks, I wouldn't be the least bit surprised that PAIM has been shorted much more than what was reported...
Posted by Grail7 on :
quote:Originally posted by Harry Lime:
quote:Originally posted by Grail7: Thanks Harry. Not too much shorted but got to say is wow.
I just wonder how accurate those numbers are. With all the games and BS that goes on with the pinks, I wouldn't be the least bit surprised that PAIM has been shorted much more than what was reported...
Yea but still am in a bit of awe, that percent was crazy.
Posted by imapoorcollegestudent on :
That last trade for .0011 was BS. The trade was about 8 cents in value!
Posted by plni on :
PAIM DUMPING SHARES FOR 5% OF Sta. Barbara. READ Source: Business Wire (Aug 4,06 - 9:45 AM) PAIM completed 80% buyback of its 30 billion common shares bringing the o/s below 5 billion common shares. Leaving the Authorized Shares still 30 Billion.
July 12, 2006 - 3:35 PM EDT PAIM announced that it is close to completing the buyback of approximately 27,000,000,000 or 90% of its issued and outstanding common shares.
The Volume Shot Up July 11,to 702,957,649 july 12 to 450,623,652, july 13, 923,283,814 july 14, 769,007,512. From July 11, 2006 - August 24, 2006 The Price per share went From .0001 to .0065 per share. Now it has fallen to .0015 and still falling. DAILY VOLUMES AND CLOSING PRICES http://www.**********.com/swnet/utilit/utilit_snapsh_result.aspx? action=go&symbol=PAIM®ion=U&snapshot=SX
THE COMPANY HAS REDUCED THE O/S TO 5 BILLION AND YET FROM July 11, 2006 - August 24, 2006 WE TRADED CLOSE TO 13 BILLION SHARES WITH A O/S OF ONLY 5 BILLION. PAIM ALSO HAS NO SEC FILINGS OR AUDITED FINACIALS. AS OF AUGUST 24.2006
AUGUST SHORT FOR PAIM IS ONLY 1,389,066 SHARES THE LINK BELOW , TYPE IN PAIM SEE WHAT IT SAYS . http://www.otcbb.com/asp/OTCE_Short_Interest.asp INSTEAD OF MOVING UP WE DROPPED FROM .0065-0015.
MANILA, Philippines (Business Wire) Aug. 22, 2006 Pearl Asian Mining Industries, Inc. (PAIM) announces Pearl Asian will receive a 5% share of a the operations of a small scale mining group . Where it will Finance Operations and also buy the GOLD and only get 5% of the profits. I wonder if ther Finaciaing Came from Possible shares sold from authorizied Sharesof 27 billion. people pay .004 and better have lost 50% of their Money in 30 Days. 30 billion share copmpany * .0015 = $45 million In July Shares Traded easily above .03 several timnes. in august above .02. in the last month in Half the Compnay easily traded $45 million. Yet The Price per share Has Continously Fallen, Like shares were FLOODING THE MARKET.
LOOK LIKE .0002-.0004 NOT FAR OFF.
LOOKS LIKE A CLASSIC PUMP AND DUMP, LEAVING SHAREHOLDERS LOSING 75% IF YOU HAVE BOUGHT ABOVE .04.
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Posted by plni on :
Guys I am sorry for this news but thought you might want to see it.I still hold 6 million and 12 billion restricted.
Posted by Grail7 on :
Okay, this was ridiculous. Curiosity, Philippines has their own stock exchange, think they trade PAIM? Just saying do we have a decently accurate view of this stock? Oh well, my closing thought: No PAIM no GAIN or no GAME? Have a great weekend all.
Posted by plni on :
This company is either ligit or the biggest scam I have ever seen.What a ride.It made a bundle
Posted by Schwabie on :
quote:Originally posted by Schwabie:
quote:Originally posted by Harry Lime: Let's play a game and see who can correctly guess the EOD close...
Me - .0010
.0012
Dam,
.0011 close !
I almost got it
But then again we were all SO CLOSE ! lol
.001 to .0012 = .0011 we all win ! Right in the figging middle !
Posted by midwestTEK on :
My pants are soaked, SCHWABIE mate can yah fetch me a pail> IMO back to .0008 sheet should of waited!
Posted by Schwabie on :
quote:Originally posted by midwestTEK: My pants are soaked, SCHWABIE mate can yah fetch me a pail> IMO back to .0008 sheet should of waited!
Mid, I say we get back to .0001 in 2.5 weeks... how long you think?
Posted by vinnie1 on :
THIS MOTHER IS DONE FOR.
Posted by ruthie on :
Pathetic!!!!!!
Posted by aka the law on :
What a scam..........
Posted by vinnie1 on :
I AGREE TIME TO MOVE ON.
Posted by plni on :
pinks=Lies Deciet Trechery.May be why we love them so much.I think I got a problem.I could be addicted again.Been hooked before,My parents got me hooked on phonics.
Posted by midwestTEK on :
SHWABIE.... I'd say 2.5 weeks is a lil long, but then again that's why my pants are soaked!!! Posted by BLACKBEARD on :
well i see u guys are pretty happy today
Posted by Chad on :
im at a loss for words...and money! lol I have no idea why this keeps going down. Seem ed like its had descent news lately.
You'd think this would be great enrty? but then again, I thought that at 2.
Maybe things will turnaround when they have a PR about buyback completed. Nothing to do know but kick back and wait now. lol
Posted by vinnie1 on :
MUST BE TO MANY SHARES OUT.
Posted by midwestTEK on :
Nahh If it dropps, It's gonna popps Fat Cats got to cover!!!
Posted by Schwabie on :
quote:Originally posted by midwestTEK: Nahh If it dropps, It's gonna popps Fat Cats got to cover!!!
Mid is correct.
Although if you own the shares at .00013 and it drops back down to .0001 DON'T WORRY ! Don't be scared that you are riding this stock to the ground.... THE BIG RUN IS COMING ! Once this reaches .0001 we will have a HUMONGOUS run to .0003 thats 200 % increase ! You only lose the other 1000 % LMAO
Posted by midwestTEK on :
ROFFL MO MONEY MO MONEY, ugghh, wahhh, NO MONEY! SELL CONFIRMED!
Posted by BuckyBarnes on :
bid .0014 ask .0016......and an uptick....are the MM's just playing before lunch?
Posted by SherriT on :
I dunno - the morning has been nice period.
Posted by BuckyBarnes on :
Perhaps some news is forthcoming???? LOL
Posted by BuckyBarnes on :
bid .0015 ask .0017 and tick is still up .....
Posted by BuckyBarnes on :
Anyone have real time L2's? Is there buying pressure?
Posted by Chopper on :
I'm going to show my newbie-ness here....why are the L2s on the bid toward the bottom THAT low? (Of course, I could ask the same about the Ask, but I like those numbers....)
Posted by midwestTEK on :
ARIZ0NA SUNIt just got hot in here...My pants all dried up !
Posted by SherriT on :
OK, so was this just the MMs feeling sorry today, they needed something to do, or what? 45% seems odd for no news since we have been in the down spiral...
Posted by vinnie1 on :
i think there just playing with us babygirl.
Posted by SherriT on :
Hey - I can play too - as long as the green is in my pocket Posted by jdm03 on :
Someone just sold 25,000,000 shares for .0012, 10 min. after close.
Posted by midwestTEK on :
Well goes to show yah typical pink move....up um-teen percent, then DOWN SHE GOES. Or is it 4 days of red, the one day in black (pete n repeat that 4 times fold)...do the math!
Oh yah , yaw'll stock traders, not mathmeticians! For got no-one can spell, or add in this business. LMFAO! Posted by 4Tune4Me on :
90% Buy Back Is 99% Complete -- Pearl Asian Mining Diagrams the Options & Process to Convert Its Preferred Shares and Convertible Debentures Wednesday August 30, 10:00 am ET
MANILA, Philippines--(BUSINESS WIRE)--Aug. 30, 2006--Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) Reports: that the 90% buy-back is now more than 99% complete. All the shareholders that opt to convert their certificates to common shares must follow the process of converting the Preferred Shares and Convertible Debentures. The remaining shares subject of the 90% buy-back that have not been surrendered have stop transfers in place and will be automatically cancelled on Sept. 1, 2006 with the 10% new stock certificates and the 90% CDs issued to replace the remaining fractional percentage, completing the buy back. COMMON SHARES A). Common shares issued up to June 15, 2006 Par Value =$0.001 were subject to the 90% buy-back. B). Upon completion of the common shares buy- back, the total outstanding public float of common shares will be fewer than 3 billion. C). The remaining 10% of shareholders' common shares are available for trading at anytime. PREFERRED SHARES Par Value = $0.00000001 No symbol as of yet.
CONVERSION OF PREFERRED SHARES TO COMMON SHARES -----------------------------------------------
# of # of Period Preferred Shares Common Shares
Current to March 30, 2007 10,000 1 Common Share March 31, 2007 - March 30, 2008 5,000 1 Common Share March 31, 2008 - March 30, 2009 2,500 1 Common Share March 31, 2009 - March 30, 2010 1,250 1 Common Share March 31, 2010 - March 30, 2011 625 1 Common Share March 31, 2011 and after 500 1 Common Share
CONVERTIBLE DEBENTURE A). Convertible Debenture (CD) is in exchange Face Value =$1.00 of the 90% buy-back of outstanding common increments shares. B). One common share surrendered equals $0.001 par value when held to maturity of Five Years - June 15, 2011. C). CDs held until June 15, 2011 will be paid without interest. D). CDs can be converted back to Common Shares at a fixed rate cost of $0.01 per share at anytime on or before maturity (June 15, 2011).
NOTES: (1) All Preferred Shares and Convertible Debenture Certificates were already sent to DTCC, CDS and transferred to their participants. (2) All conversions of Preferred and Convertible Debentures must first be transferred into the name of the beneficial owner. (3) Certificates must be properly endorsed with a Medallion Signature Guarantee Stamp (obtained from a national bank or stock brokerage firm). (4) Request for conversion must include a cover letter of instructions, original certificate, a fee of $25 for each certificate cancelled, a $25 fee for each new certificate issued. Fees are payable to: First Public Securities Transfer Corporation: 4546 B-10 El Camino Real Suite #288: Los Altos, CA 94022; Attn: Conversion Dept: 1-310-770-6689.
Any questions and concerns please contact PAIM's Investor Relations Officer Engr. Gotanco via e-mail: gary.gotanco********** directly, or through phone # 1-310-728-6907. Please note: This phone is answered 12 hours ahead of New York time zone as it automatically forwards to the Philippines.
FORWARD STATEMENTS;
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Pearl Asian Mining Industries Inc. - Philippines Investor Relations: Gary Gotanco, 678-570-6538 or 310-728-6907 (USA) Fax: 877-317-4430 IR*PearlAsianMining.com www.PearlAsianMining.com Posted by Soul_beyond on :
Does mm want to drive this pps down?? they put a very big wall on 0.0014 .. but buys are mostly at 0.0014 .. what does it mean? does mm want shares so they drive it down to accumulate more shares ..
Posted by megahead34 on :
i don't like the fact that Gary Gotanco has a gmail account. Haha, that is g-h-e-t-t-o!
Posted by Chad on :
the above PR seems like good news, no? hopefully this helps it rebound. Not sure when MM's will decide to let this go. Maybe it just needs some attention? Been waiting awhile for this BIG RUN to happen!
It doesnt seem like it will ever hit .005 again anytime soon, but .003 seems to be very reachable!
Posted by BuckyBarnes on :
Can anyone identify who HDSN is? This MM has been sitting at the ask for at least 1 1/2 days now.
i'd love to see an EOD run to .0019
Posted by BuckyBarnes on :
G'd Morning to all, Disclaimer:I am in the newbie category and relatively inexperienced at reading charts and L2's.
HDSN appears to be off the ask with the big block of shares from yesterday
While it seems a number of MM's or on the current bid of .0012, is this indicative of some buying pressure starting to build up on this stock?
Posted by hbomb on :
.0013x.0014 2x1
Incredible buying pressure today. Should pop Tuesday with a PR
Posted by Raytrader on :
EOD run coming.... .0019 watch!!
Posted by Raytrader on :
I bought 650k *.006...I really hope this thing goes back sometime...
Posted by Raytrader on :
quote:Originally posted by Raytrader: EOD run coming.... .0019 watch!!
OR NOT!!!...haha
Posted by BuckyBarnes on :
Pearl Asian Mining Reports That Gold Processing Equipment Has Arrived; Stockpiles of Gold Ores Ready for Processing and Road Development Continues
MANILA, Philippines, Sep 05, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC:PAIM) reports that: The Golden Team, together with the KAHIB Higaonon Tribe Indigenous People, continue to work hard in developing a 7-kilometer new access road using a bulldozer, from the town of Sta. Cruz to Binasan gold mine site. This has been a 24 hours a day, 7 days a week road development project led by Civil Engineer Mike Penalosa. This road will become a permanent access road going to the mine site passable using 4x4 truck and other off-road vehicles, which reduces hiking time from 4 hours to less than 30 minutes from the foot of the minesite area. As soon as the road is fully developed, electrical power supply will be brought up the 700 meters height where the Binasan (meaning gold vein under the sun) gold mine site is located. The pilot gold processing plant has been assembled, installed and is fully equipped, powered by a generator set. A metallurgical assay pilot laboratory is being set up in the gold processing plant building, to conduct in-house analysis on the ores especially those obtained from new veins, thus determining its gold/silver contents. The mining engineering group has currently produced over 500 metric tons of stockpile of gold ores ready for processing. Revenues from the gold processing plant are expected as early as Sept. 8, 2006. PAIM is only days away from being in a position to begin generating revenues. FORWARD STATEMENTS; Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. SOURCE: Pearl Asian Mining Industries, Inc.-Philippines CONTACT: Pearl Asian Mining Industries, Inc.-Philippines Engr. Gary Gotanco, 678-570-6538 or 310-728-6907 (Investor Relations)Fax: 877-317-4430IR*PearlAsianMining.comwww.PearlAsianMining.com Copyright Business Wire 2006 -0- KEYWORD: Philippines Asia Pacific INDUSTRY KEYWORD: Natural Resources Mining/Minerals Professional Services Finance SUBJECT CODE: Product/Service Photo/Multimedia Return to Headlines
Posted by megahead34 on :
"Revenues from the gold processing plant are expected as early as Sept. 8, 2006. PAIM is only days away from being in a position to begin generating revenues."
Thats awesome! I love the pictures they keep showing.
Posted by Schwabie on :
quote:Originally posted by megahead34: "Revenues from the gold processing plant are expected as early as Sept. 8, 2006. PAIM is only days away from being in a position to begin generating revenues."
Thats awesome! I love the pictures they keep showing.
WE MADE $10,000.00 IN REVENUES AND IT ONLY COST THE INVESTORS $30,000,000.00
BUT HEY, WE MADE A PROFIT...
LMAO Posted by megahead34 on :
All up from now. Expect major PRs about how much money they are making for processing all this gold.
Posted by megahead34 on :
Very sharp today. It is all up from now. Nothing but good news from now on.
Posted by BuckyBarnes on :
quote:Originally posted by BuckyBarnes: Seems that MM's are trading PAIM down incrementally abot each day. Has anyone heard anything from IR at PAIM about the status of the Buyback? I have sent an e-mail inquiry about this two days ago and have not yet gotten any reply. Will advise when I hear something.
......While it took a number of days to get a response to my query of PAIM IR, the following message is Gotanco's reply to my question about the buyback program from August 21. And I do note the buyback question was answered in the press release last week.
Also PAIM followers...note his remarks about the sharehholders list and a "chat session" on September 8th, which will be this Friday. I will not be able to participate because of my pre-standing commitments on Friday....Hopefully someone can view in to the session and give the board feedback.... ....but I have to also observe that I have not seen any postings to a board about announcing the chat session, perhaps I missed it....did anyone else see such a posting?
"Good day, Mr. xxxxxx.
Please click on the following link to see the press release which addresses your inquiry:
By the way, PAIM is embarking on a program of reaching more shareholders through wider information dissemination. Aside from more frequent press releases (PRs), we are also having a live chat session with shareholders on Sep. 8th, Friday, 10 pm EST, over Yahoo Messenger. We have posted announcements on this 5 days before the chat session will take place, on the message boards and have sent e-mail to members of our distribution list. In line with this, we have recently started a PAIM Shareholders e-mail list, so far with 64 members. Please advise by e-mail reply if you are interested to be included. Some benefits include: members to be furnished PRs and financial filings as these are available.
Thank you for your continued interest in PAIM, and do keep in touch.
Best regards, Gary Gotanco VP-BD & IRO PAIM US Telephone number 310-728-6907 (call between 9:00 pm - 5:00 am, EST, Monday-Friday, or please leave voicemail)"
From: PAM-Web-Form*bconnects.net To: "ir*pearlasianmining.com " <ir*pearlasianmining.com> Subject: Web Site Contact Us Date: Mon, 21 Aug 2006 08:24:19 -0700 (PDT) Date Sent : 08/21/2006 Name : xxxx xxxxxx Email : xxxxxxxxxxx*sbcglobal.net Company : Shareholder Comments : To: Mr. Gotanco Could you please provide an update on the status of the buyback program and when it is anticipated to be complete? Thank you in advance for your feedback.
Posted by oldguy on :
I'm not a math wiz kid, but I do have a calcualtor. If PAIM has 500 metric tons stockpiled and ready for processing, that means at .51 oz./ton; or 255 ounces of gold. At current bid price for gold $634/oz. = $161,670, correct? It's a start!
Posted by megahead34 on :
Yeah. I'm telling you its all up for now. I don't see any reason why people would try to avoid PAIM. It's a gold producing, revenue making machine. hehe
Posted by Soul_beyond on :
quote:Originally posted by megahead34: Yeah. I'm telling you its all up for now. I don't see any reason why people would try to avoid PAIM. It's a gold producing, revenue making machine. hehe
well, they are producing around over 100k of revenue soon .. but it only costs the shareholders 10 millions of dollars.. well at less they are earning money!!
Posted by BuckyBarnes on :
Did anyone view into the chat session that PAIM held yersterday? If so, can you please describe what kind of topics were discussed, and if any new information was disclosed?......
Posted by megahead34 on :
I'd like to know what happened in the chat session as well. If someone attended, can you please summarize?
By the way, we hit .002. Like i said before, its all up from now.
Posted by BuckyBarnes on :
Pretty quiet ....calm before the storm?
Posted by juice on :
have a few from .0006/7 back a while ago. I keep thinking of paiv. i won't sell now because paiv bursted from nothing to about .007-9, then settled .003-.004, and went to .20 a few months later. now a similar situation would be great! nobody thought paiv would do that!! who knows what paim can do!? GL
Posted by megahead34 on :
Very Sharp! Like i said one week ago, its all up from now. And that was when it was at .0012, up 100% in one week.
Posted by BuckyBarnes on :
Positive direction this A.M. .... How long will it last?.....Gee, I sound skeptical this morning.....need that third cup of coffee...LOL
Posted by megahead34 on :
I think all the MM manipulation is done with. If we keep getting good news, this will last long. Ask at .0028; we may see .003 again today. Overall, this is definitely going in the right direction.
Posted by BuckyBarnes on :
Has anyone heard or seen content of chat session from last Friday?....I have sent request to PAIM IR for a transcript if available, and as yet do not have any response.....will keep all posted
Posted by megahead34 on :
.0029 ask now. I think we'll hit .003 today.
Posted by imapoorcollegestudent on :
I'm so pissed! Nothing was happening with this stock but desension and all the charts were says all support levels were gone and so I sold out at .0011 for a cute little loss from .0034 grrrr.. What is going on here
Posted by BuckyBarnes on :
Any scent of a PR happening today or tomorrow??
[ September 12, 2006, 15:45: Message edited by: BuckyBarnes ]
Posted by superman7 on :
PAIM..the real monster..has been running for a few days now and is ready to have its big breakout...up nicely on good volume today...looks awsome for tommorow
i just bought 1 mil shares and will buy another 1 mil if .003 breaks today
Posted by BuckyBarnes on :
.0028 x .003..... we're there megahead
Posted by superman7 on :
PAIM...003's are falling
Posted by SherriT on :
Congrats guys! I held it for a long time, and sold for a small loss. I feel vindicated knowing it wasn't a bad one, just not timely.
Posted by imapoorcollegestudent on :
Okay.... I flipped up on this gold mine. bought a third the shares I origianlly had but I'mm back in at .003 GOOOOOOO PPPPPPPPAAAAIIIIIIIIIMMMMMMMM!
Posted by juice on :
yessssssssss GOOOO ... paiv??? .20 coming lol
Posted by imapoorcollegestudent on :
I hear ya Juice! I rode PAIV for one of my best trades ever and I would love to see that again! Remember Tonicma? That dude was rollin in the cash after PAIV... He's prolly still on vacation living on his own Island! LOL
Posted by megahead34 on :
I called it one week ago when it was .0012, all up from now after that last PR. I predicted .003 today, and it happened. Expect more tomorrow. PAIM has nothing but good news from now. JMO
Posted by juice on :
I hear ya Juice! I rode PAIV for one of my best trades ever and I would love to see that again! Remember Tonicma? That dude was rollin in the cash after PAIV... He's prolly still on vacation living on his own Island! LOL
heck yea i know, i didnt play paiv just watched nice job....i do remember tonicma, he had this as well, right? crazzzzzy man crazy
Posted by tyleemary on :
quote:Originally posted by imapoorcollegestudent: I'm so pissed! Nothing was happening with this stock but desension and all the charts were says all support levels were gone and so I sold out at .0011 for a cute little loss from .0034 grrrr.. What is going on here
You only lose when you sell. Or they go out of bus. I guess.
Posted by tyleemary on :
I bought at .0001 so long ago I cant remember. Just letting 500K shares go for ever.
Posted by imapoorcollegestudent on :
[/qb][/QUOTE]heck yea i know, i didnt play paiv just watched nice job....i do remember tonicma, he had this as well, right? crazzzzzy man crazy [/QB][/QUOTE]
YEah he was in this also. My favorite quote from Tonicma was "Shake it baby, Shake it!!!" And man those MM's shook it but that thing flew. I'm due for a little excitement. I'm in CSHD (merger date tommorrow), SLJB (finacials out sometime soon), WWEN ( Iguess Shakerzz is gonna get in on it soon) and now this one. Life is goning to be me at this freaking computer using the !!!!!!!!!!!!!!!!! key often, hopefully in a good way Go PPPPPPPPPAAAAAAAAAAAAAAIIIIIIIIIIIIMMMMMMMM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Posted by BuckyBarnes on :
quote:Originally posted by imapoorcollegestudent:
heck yea i know, i didnt play paiv just watched nice job....i do remember tonicma, he had this as well, right? crazzzzzy man crazy [/QB][/QUOTE]
YEah he was in this also. My favorite quote from Tonicma was "Shake it baby, Shake it!!!" And man those MM's shook it but that thing flew. I'm due for a little excitement. I'm in CSHD (merger date tommorrow), SLJB (finacials out sometime soon), WWEN ( Iguess Shakerzz is gonna get in on it soon) and now this one. Life is goning to be me at this freaking computer using the !!!!!!!!!!!!!!!!! key often, hopefully in a good way Go PPPPPPPPPAAAAAAAAAAAAAAIIIIIIIIIIIIMMMMMMMM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! [/QB][/QUOTE]
I admire this young man's enthusiasm...made we could find a way to package and sell his motivation and drive ..... just a thought.... keep up the your positive attitude and vigilance, and your will not be a poor student much longer..... Posted by Jo4321 on :
I gambled $400 on this when it was up at .004 Bad decision there!
But maybe hanging on to it will prove beneficial. I would love to just once be in one of those crazy runners before they run. Could this be the one that takes me into green territory tommorrow? Sure would like to change my siggy line soon.
Jo
Posted by BuckyBarnes on :
Good Morning Folks, I received this e-mail (see below) from PAIM IR , Mr. Gotanco, overnight. I am hesitant to post the attached transcript of the chat session as it is very long. I will be glad to PM the text to any that ask, or perhaps someone has a site to place the text in so the transcript can be set up as a link for people to go to. I do not have a website to do so on. GLTA ................
Good day, PAIMers!
As part of PAIM's information dissemination activity, PAIM has recently initiated A.S.A.P. "All Shareholders Awareness Program". As the name implies, it is a task filled with urgency...to counteract the "predatory practices" of naked shorters and their cohorts, "extremely motivated critics and praisers" (the new names for bashers and pumpers, respectively) and to enhance shareholder value, as a result.
In line with ASAP, attached is the official transcript of the first live chat session of PAIM IR with shareholders done last Sep. 8, 2006, Friday, at 10:20 pm - 12:30 am the next day, over Yahoo Messenger.
The Chairperson wishes to extend her appreciation to all the participants who made it to the chat session, with special thanks to King Vegita 2006 who acted as Moderator and main editor of the transcript and Rick C as Assistant Moderator (though undesignated, he played the part well), and all those who gave their suggestions on how to further enhance shareholder value.
I'd also like to acknowledge the contribution of Randy Walden, who in a mini-chat session today improved on my idea of SAP (Shareholders Awareness Program) and coined it ASAP. Many thanks, Randy!
Now, on the official transcript, King Vegita and I only revised the names/Yahoo IDs of some participants who desired to maintain their privacy, and these have been changed to "Shareholder" immediately followed by an alphanumeric character, anywhere their names or Yahoo ID appeared in the transcripts. Please note that each unique shareholder identification corresponds to a unique participant, e.g. Shareholder1 stands for one specific participant. In addition, complete e-mail addresses have been omitted, replaced by a line followed by a ".com". Also, the Yahoo IDs of King Vegita and myself have been replaced in some portions by our respective name or IHub handle, as the case may be. These have been the only changes done. Not counting these changes, the attached transcript is more or less an accurate and complete record of the posted messages in the abovementioned chat, except for minor unintentional typographical errors, if any.
Thank you for your continued interest in and support of PAIM.
GOOOOOOOO PAAAAIMMMMM!!!!!!!
Warmest regards, Gary Gotanco
Posted by Brad C on :
If looks to be gapping up this moring!!!!
Posted by BuckyBarnes on :
.003 x .0032 gapping up
Posted by megahead34 on :
Yep, another good start. We might hit .0038 today. JMO
Posted by juice on :
lookin good again! got to see a big move soon. chart is rockin wow
Posted by superman7 on :
looks like this wants to have its first real big run of the real monster run that is coming up in the next few weeks
this one is going to be huge
i am loading even more now
Posted by superman7 on :
volume already almost at 10 day moving average and we are only 1 hour into trading, i smell a big day today for PAIM
Posted by juice on :
this chart mirrors paivs old chart on the move from .005 to .20+ .... im feelin it here folks. i bought more at .0032 this morning, told myself i wasnt giong to buttttt i can't resist this time around, a monster is being unleashed before our eyes Posted by MoneyMoneyMoney on :
WOW, where'd all the MM's go? 2 on the bid and 2 on the ask. Has it been like this lately?
Posted by Igor R on :
quote:Originally posted by MoneyMoneyMoney: WOW, where'd all the MM's go? 2 on the bid and 2 on the ask. Has it been like this lately?
I see 7 on bid, and 9 on ask.
Posted by juice on :
34x36!
Posted by superman7 on :
PAIM..mm HDSN moved to .0041 could be sign of big run coming the pain in the ass is not PAIM-blocking
Posted by imapoorcollegestudent on :
.0036 HOD BABY!!!!!!!!!!!!!!!!!!!!!!!!
Posted by juice on :
bring on the pennys!!
Posted by SherriT on :
Glad to see this one steadily moving up...nice to see some picks starting to head north! .0038 would be a nice close....
Posted by juice on :
39!!!
Posted by superman7 on :
something is definatly up here!! oh yes its PAIM
i smell news or somethign like that
Posted by juice on :
this is what im talking about baby, gonna see a serious move today!! GOOOO!!!
Posted by Igor R on :
.004 printed =o.
Posted by imapoorcollegestudent on :
I'm so pissed I only have 90,000 messily shares in this. My first position had alot more. GRRRRRR Go PAIM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!
Posted by megahead34 on :
Since last tuesday when i called it going up from now * .0012...it is now .004! Expect more of this. JMO
Posted by Vin on :
Anybody looking at the charts on this? What do you see?
Posted by juice on :
i see huge push up looks like a monster move taking place, im thinking .01+
Posted by stocks1984 on :
did i not tell you guys with patience on PAIM you will win?? remember wink wink
Posted by SherriT on :
quote:Originally posted by juice: i see huge push up looks like a monster move taking place, im thinking .01+
Are you seeing that push over time, or quickly? Most recent days it has been moving slow and steady, but today we had a bigger jump (hence the question)...
Posted by Raytrader on :
slow and steady wins the race...haha
Posted by Raytrader on :
im gonna quit my day job thanks to pinks like this
Posted by juice on :
shake em
Posted by megahead34 on :
Expect EOD run back to .004. JMO
Posted by KP on :
do we see this going into the dollars by next year?
Posted by juice on :
quote:Originally posted by SherriT:
quote:Originally posted by juice: i see huge push up looks like a monster move taking place, im thinking .01+
Are you seeing that push over time, or quickly? Most recent days it has been moving slow and steady, but today we had a bigger jump (hence the question)...
over time, steady, few dips maybe and a couple big up days. the chart is rockin. now we are finally seeing a drop to grab some cheap shares.... just my opinion,
Posted by Vinnie on :
I see a dip, lets buy boys
Posted by Raytrader on :
~~~~I see a shake~~~
Posted by Raytrader on :
TASLu 0.003 100 15:14 NITEu 0.003 100 15:14 UBSSu 0.0035 1 15:20 ABLEu 0.0039 100 14:42 HDSNu 0.004 100 14:37 VFINu 0.006 100 10:46 DOMSu 0.21 100 14:09....**whats up with this?*** MAXMu U 15:18
Posted by Raytrader on :
0.21 ?????
Posted by megahead34 on :
What the fudge? .21? That is total PAIVish. I'm still expecting EOD run. JMO
Posted by Raytrader on :
go DOM go....NITE should follow suit....sweet
Posted by BuckyBarnes on :
NEWS
Posted by megahead34 on :
big dip. Lets go EOD run!!
Posted by Jo4321 on :
Pearl Asian Mining Closes Regulation D Offering: 100% Completion of the 90% Buy Back, Starts Processing Gold Ores Business Wire - September 13, 2006 15:42
MANILA, Philippines, Sep 13, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC: PAIM) announced today that it has closed its Regulation D, Rule 504 offering over the past two months, and is no longer selling shares of its common stock to the accredited investor. A Form D will soon be filed with the Securities and Exchange Commission disclosing that the company raised just under $1 million dollars during this year 2006. The limit to any such offering is $1 million in the trailing twelve months. The completed offering had provided the company the working capital to see us through the further funding of a non-dilutive offering of a Limited Partnership. The 90% Buy Back is now 100% completed.
The completed offering has assisted Pearl Asian in providing the rapidly increasing needs of working capital in the development of its mine sites' infrastructures, such as access roads towards the Binasan gold mine site, engineer's staff housing, dining mess hall, and health, learning and meditation centers. The funds were used to pay salaries, telecommunications, traveling and other direct and indirect overhead costs. It was used for the acquisition of all the necessary mining equipment, power generator sets, a backhoe, off-road and company vehicles, as well as real estate acquisitions covering the Manila Head Office near the U.S. Embassy, the Corporate and Guest Housing facility, the Metallurgical/Chemical Laboratory and Industrial Facilities.
Randolf Villanueva, President/CEO, commented: "This private offering has helped Pearl Asian to be in a position to expand, to grow and to support all of its other gold-mining projects with even richer gold deposits and other mineral exploration ventures. Pearl Asian starts processing the stockpiles today after 3 days of tedious troubleshooting and debugging with effective quality control led by Chief Metallurgist Elvis Hidalgo. The unique gold processing plant is now operational and our underlying mission of ensuring the environmental protection on the mine site looks as bright as ever. The first gold concentrate will soon be produced, giving PAIM its first gold revenues."
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries Inc.
Pearl Asian Mining Industries Inc., Philippines Gary Gotanco, 678-570-6538 or 310-728-6907 E-mail: IR*PearlAsianMining.com www.PearlAsianMining.com FAX: 877-317-4430
Copyright Business Wire 2006
Posted by BuckyBarnes on :
Pearl Asian Mining Closes Regulation D Offering: 100% Completion of the 90% Buy Back, Starts Processing Gold Ores
....You got it out first Jo4321...Good Work ....I've edited out the text of the PR....
Posted by megahead34 on :
Why do people sell on bid? Wierdos.
I think MMs dropped this down to scare people before the big news came in. News will spread around. I predict green day tomorrow going back to .004. JMO
Posted by imapoorcollegestudent on :
Wow..... What the crap!!!!!!! 70,000,000 share buy at 4:12!!???? Was it a walk down so that who ever this is would be able to buy a little lower????
Posted by SherriT on :
Hopefully a nice gap in the morning too....at least the news is official about the buyback.
Posted by Skyman on :
Limited partnership in the PR? Say what?
Posted by dollar13 on :
i love plays like this one Posted by megahead34 on :
Good morning! Lets see that .004 mark again today.
Posted by SherriT on :
Not moving much this morning...I guess we are seeing the "buy on rumor, sell on news"...
Posted by Schwabie on :
Today’s Price Performance as of 9:59am EDT, 9/14/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0030 Last Price 0.0005 +20.00% Today’s Change $0.0034 Today’s Open 27,084,922 Above Avg. Today’s Volume
Posted by megahead34 on :
Yea, but still solid ground at .003. With the potential PAIM has to start generating massive revenues, i don't see any reason why to avoid this stock.
Posted by Duncan Idaho on :
quote:Originally posted by megahead34: Yea, but still solid ground at .003. With the potential PAIM has to start generating massive revenues, i don't see any reason why to avoid this stock.
extreme dilution is one reason
Posted by megahead34 on :
Wow, slow day for almost all stocks.
Posted by SherriT on :
quote:Originally posted by megahead34: Wow, slow day for almost all stocks.
You must be watching different stocks....my ticker is lit up with green (not my personal positions, but ones that I watch). Hope PAIM will pick up some volume soon though...
Posted by megahead34 on :
Nice, bid and ask went up.
Posted by Zack Donino on :
chart looks good, like a typical pull back before a peak!
Posted by Thomas Mick on :
I am trading with Scottrade and found that my symbol PAIM is PAIM# this morning; does anyone else find themselves in the predicament this morning?
Posted by Grail7 on :
Yea, same predicament, sold a bit at the rally yesterday. Dont' know what's up.
[ September 15, 2006, 10:37: Message edited by: Grail7 ]
Posted by BuckyBarnes on :
In my Scottrade a/c this morning, the PAIM symbol is showing up as PAIM# indicating my shares have been placed in a hold status. Upon speaking with the branch manager at the local office, I received explanantion that a new CUSIP number is being assigned pursuant to the completion of the buyback, therefore the corporate action on Scottrade's part is to simply await the change before allowing any online buys or sells. However they would be able to place orders for me as a broker placed trade.
Is anyone else seeing holds placed on their shares in other brokerages this morning??
Posted by ruthie on :
Mine as well Bucky...
Posted by BuckyBarnes on :
the Scottrade Branch manager called back with additional info. She stated that the DTC has chilled the issue of PAIM and that Scottrade is not allowing buy or sells at this time until the issue is "un-chilled". She stated she did not have any information on why the DTC has chilled the issue......?????? is this consistent with what y'all are hearing?
Posted by BuckyBarnes on :
Got to facilitate a meeting for a couple of hours at 11:00.....I will check back in this afternoon and hope that there is some explanation from DTC or a PR from the company.....Can someone contact PAIM IR or the transfer agent to see what is happening? It was a pretty good morning until this popped up......boo hiss.....
Posted by maxdog on :
Scottrade has lifted restrictions now.
Posted by Lionking on :
WHAT THE HELL IS GOING ON HERE??????? THIS SHOULD HAVE KEPT HIGH
Posted by BuckyBarnes on :
Checking for explanations...I am in and out of office this afternoon.....see that Scottrade has lifted the # symbol off of the ticker symbol...called local branch...now manager there says the selling restrictions have been lifted but no buys are being allowed... apparently due to DTC charging high fees for clearing transaction and / or DTC not being able to deliver certificates to Scottrade on buy transactions...????????...How does this explanation wash against what y'all are hearing?...are other firms allowing buys?......I am going to talk with Scottrade again later, with expectation they will have more explanation for DTC's stance and reason for the chill order...........for the moment something is not smelling right.....need specific data in this DD effort. GLTA
Posted by Fuzzy1018 on :
i bought today with choicetrade
Posted by ruthie on :
At least a few more ticks upward would be nice..
Posted by ruthie on :
It would be nice if this stays up at this point for EOD. Hopefully will not drop...
Posted by Fuzzy1018 on :
getting ready for an eod run here
Posted by BuckyBarnes on :
T.Y. Fuzzy......did you buy by placing trade on-line?.....as well as have other folks been able to place orders online at the other brokerages?
Posted by BuckyBarnes on :
"Pearl Asian Mining Industries, Inc. (OTC: PAIM) announced today that it has closed its Regulation D, Rule 504 offering over the past two months, and is no longer selling shares of its common stock to the accredited investor. A Form D will soon be filed with the Securities and Exchange Commission disclosing that the company raised just under $1 million dollars during this year 2006."
.. .from PAIM's September 13th PR....wondering what "accredited investor" really means? This might relate to why buying restrictions were placed on PAIM last Friday and the "chilling" by the DTC....any thoughts??
Posted by Fuzzy1018 on :
BB, yes I bought online last friday with choicetrade
Posted by BuckyBarnes on :
Been in and out all day....however I managed a few minutes to call and talk with Scottrade's local branch manager again earlier this PM....looking for updated info on why Scot is not allowing buys of PAIM (online or broker assisted)....received basically same response as on Friday...with a little more data (but not much) on Scot's stance....they are still saying chilling was from DTC and that DTC is charging expensive fees for clearing transactions.... that the fees are too steep for Scot to want to handle buying transactions. Also, that when DTC removes the "chill", I could take delivery of PAIM certificates from Scot if I choose to (presumably for me to take elsewhere), and for now it looks like Scot will not desire to take buy orders due to the cost of handling. However Scot will still allow sell orders.(sounds like a paradox, would it not cost a brokerage same level of cost to handle a sale as a buy?...maybe that is a newbie question, so forgive if I should already know such information)....I am just relating what I was told by Scot....JMO, I am not confident that the whole of Scot's stance is being offered and am wondering what else there is behind their (Scot's)decision?????????. . . . Does anyone have current info on the short positions on PAIM?
Posted by BuckyBarnes on :
quote:Originally posted by Fuzzy1018: BB, yes I bought online last friday with choicetrade
Thanks for the feedback, Fuzzy Posted by imapoorcollegestudent on :
Hey last buy went through at .0019... A little upward movement is nice and all day today there have been crazy amounts of buys at .0018 with hardly any sells. Maybe somethings about to pop again???? would be nice
Posted by Soul_beyond on :
mm are shorted .. last time this goes up to 1000% .. they are so screwed up .. tda and other brokers aloud to short this stock making it .. extremely undervalued
Posted by megahead34 on :
Very low volume.
Posted by superman7 on :
this one is about to take off i just bought 1 mil shares at .002
looks like the big run is about to start
Posted by Fuzzy1018 on :
yes superman lolz
Posted by BuckyBarnes on :
......Continuing to try and get a straight answer from Scottrade on why they are not accepting buy orders on PAIM......wrote e-mail to their corporate web-site requesting specific information on why Scot has taken their corporate action... . .Is anyone using Scot hearing anything different? From any other brokerages? Seems to me if DTC has chilled PAIM, would not it be chilled for other brokerages, unless something is in question with Scot's activities on this issue???? Looking for solid information here and still digging.
________________
Dear Client: Thank you for your email. PAIM is being held at DTC (Depository Trust Corporation) for deposits and withdrawals.PAIM is chilled at DTC for deposits and withdrawals Because this security is being held by DTC Scottrade cannot clear any trades for this security. If Scottrade cannot clear a trade, then that security cannot be traded. Once DTC exits the position to Scottrade, you will be able to request a certificate. At this time, we do not know when DTC will exit the position to us. Sincerely, Carlton H. Scottrade Financial Services, Inc. www.scottrade.com
-----Original Message----- From: XXXXXXX*cs.com Sent: Wednesday, September 20, 2006 9:09 AM To: Scottrade Customer Support Subject: RE: Other
Dear Carlton, Can you please tell me specifically what type of corporate action is at play in this instance? Thank You. XXXXXXXXXXXXX
"Scottrade Customer Support" support*scottrade.com> wrote: Dear Investor: Thank you for your email. When you see the letters CRPA after your stock this stands for Corporate Action. This means that your stock is going through some type of corporate action such as a name change, symbol change, merger, etc. Please let us know if we can be of further assistance. Sincerely, Carlton H. Scottrade Financial Services, Inc. www.scottrade.com
-----Original Message----- From: XXXXXXX Sent: Wednesday, September 20, 2006 8:27 AM To: Scottrade Customer Support Subject: Other
Can you please tell me what the notation *CRPA* is supposed to mean? It appears after the name (on the Positions(My Investments) screen) of one of the common stocks that I hold a position in,..specifically Pearl Asian Mining, Inc. Thank You. XXXXXXX
Posted by imapoorcollegestudent on :
This buying is crazy... Fairly low volume but nothing but buys on the ask. No one is selling. No way this should not be upticking.
Posted by megahead34 on :
quote:Originally posted by superman7: this one is about to take off i just bought 1 mil shares at .002
looks like the big run is about to start
Yes, looks like its about to pop.
Posted by superman7 on :
this one is about to break .002 and when it does that will bring in alot more volume...its about to happen...and real soon imo
Posted by imapoorcollegestudent on :
Weren't there two MM's on the Ask just about 10 minutes ago and then it moved to .0022? Still have an uptick!
Posted by hedfe on :
okay picked up 200k at .002 anybody got L2's?
Posted by BuckyBarnes on :
quote:Originally posted by hedfe: okay picked up 200k at .002 anybody got L2's?
You can find L2's for PAIM on " www.pinksheets . com ". just launch a quote request for PAIM
Posted by imapoorcollegestudent on :
quote:Originally posted by hedfe: okay picked up 200k at .002 anybody got L2's?
One at .0019 Bid and one at .002 Ask LOL I see you 200000 on my screen at 12:31:17! First sell I've seen in a while just after that
Posted by superman7 on :
here we go 3 on the bid all of a sudden at .0019
Posted by atleast on :
>>>> Outstanding 5,302,565,203 Preferred 40,242,700,000,000 ( In Certificate Form 2,688,025,000) ( Held By Insiders & Employees) Total Public Float 5,302,565,203 Preferred 22,242,700,000,000 (Per ADP Report: NOBO= 4,165,781,850 + OBO = 1,136,783,353 PAIM now consider the public float to be comprised of shares that are held by DTCC. The Public Float (freely tradable) approximately 5,302,565,203 common shares this amount has since increased according to the last DTC position reports we recently acquired from DTC as of August 28, 2006. D. Number of Public Shareholders 4,806 (OBO= 356 + NOBO= 4,450) (Per ADP Record) E. Number of Private Shareholders 50 (Not Yet Included in the Public Float) (vi). LIST OF OFFERINGS OF SECURITIES: whether private or public by the issuer within the two year period ended on the last day of the issuer’s most recent fiscal year and from such day to the date the issuer has provided information in response to this item 504-Reg. D- Private Offering = less than $1,000,000.00 on Sept. 13, 2006 >>>>>>>
Posted by atleast on :
Okay Atleast...now I see in my e-mail queue the PAIM IR advanced distribution mailing where you picked up the weblinks...I should have checked my e-mail first instead of the Board...... For others, follows is a paste of the PAIM mailing sans the distribution addys. The weblinks provide PAIM's June 30, 2006 unaduited 2nd Quarterly F/S and PAIM's 15c211.
Checkout page 2 of the 15c211.....Interesting NOBO numbers...ringing any bells??????? I think the question I asked the Board earlier about shorts is being addressed by this data. And are the NOBO numbers circumstances vaguely familar to any other stocks getting attention today? GLTA ________________________________________________
Date: Thu, 21 Sep 2006 09:16:01 +0800 From: "Anthony Val Gary Gotanco" <gary.gotanco**********> . . "I edited out distribution list" . . Subject: PAIM DISTRIBUTION LIST: Q2 UNAUDITED REPORT AND LATEST 15C211 Good day, PAIMers!
Please click attached for latest unaudited report and 15c211.
"PAIM will and can process an average of 15 grams of gold per ton of ores per day and can produce an estimated 3,750 grams of Gold or 120.57 Troy Ounces of Gold per day.
In 1997, A Canadian Company (Pottinger - Gaherty Environmental Consultants Ltd., CANADA) did a written exploration and feasibility report showing the following.
Estimated Monthly Revenue at the cost of US $600.00 per troy oz. 120.57 oz X $600.00/oz = app. US $ 72,342.00 per day Estimated Yearly Gross Revenue : $ 72,342.00 per day X 269 days per year only = USD $19,459,998.00 "
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! $$$$$$$$$$$$$$$$$$$$$4$$$$$$$$$ Posted by superman7 on :
about to run...mms dropping of the ask with 0 volume...they just started to fall of...looks like it may run...just watch it..if .002 falls i am going to add more..even though i already have a ton
i have a good feeling about this one!
Posted by BuckyBarnes on :
Received following e-mail from Gary Gotanco, PAIM IR this AM. It appeared to be a mailing to shareholders on PAIM's internal shareholder list. FWIW, it gives some more data (more questions than answers from my standpoint) about the Scottrade'S hold on buys.
_________________________________________ Fri, 22 Sep 2006 18:12:11 +0800 From: "Anthony Val Gary Gotanco" <gary.gotanco**********> <http://us.i1.yimg.com/us.yimg.com/i/nt/ic/ut/bsc/txtmess12_1.gif> Yahoo! DomainKeys has confirmed that this message was sent by *********. To: [Send an Instant Message] garybgotanco*yahoo.com Subject: Re: Missed you on YM tonight! Hi xxxxxxx,
I really am sorry, like all of you who logged on to Yahoo Messenger, I also wanted to be able to explain and set these things straight. I would appreciate if you could post this on the boards.
These "chill" rumors are just that-rumors. If indeed the DTCC has ordered a halt on trading of PAIM, our Transfer Agent should have already been informed. As of today, First Public has not been informed. I would like to request anyone who has a copy of this reported email from DTCC to please post a copy or send me one, to my email: gary.gotanco**********.
The float has indeed been increased, owing to the private placement, and non-inclusion of OBO numbers in the figure we got from DTCC last end-July. I will lay out the figures hopefully in our chat tomorrow evening at 9 pm, EST (venue to be emailed later).
If you have any questions regarding the European Exchange Registration of Pearl Asian.. please send all your questions and concerns in regards to this particular matter: by sending an e-mail to PAIM's European Investor Relations Officer: Mr. Herman Struck * eu.investors**********.
Once again, thank you for your help. To all of you who went on-line, I just talked to "Bojamble", there still are a good number of you chatting there, I really envy you guys, wish I could join you.
Let's keep the faith. A lot of powerful people out there sure are joining forces to try to keep us down, but with faith and God's help, we shall prevail.
Gooooooo PAAAAAAIIIIIIIMMMMMMM!!!!!!!!!! Best regards, Gary Gotanco
On 9/22/06, xxxxxxxxxxxxxxxxxxxxxx wrote: Hello there Gary,
I had just a few questions for you, as the Ihub board seems to be filled with negativity right now. First off, is there any truth to the whole Scottrade/DTCC fiasco? Scottrade has been saying that a "Chill Order" was handed down to them from the DTCC. I first noticed this on Friday morning when I first logged onto my Scottrade account. As you know we have all been getting conflicting answers as to why this is happening. Hasher/Janice/Jim/TSX have all been on the boards today saying that this means that PAIM will be delisted or halted soon. It would have been really great if you were on the chat tonight to answer this question for us all.
The second thing that I wanted to know is if the float has been increased? According to you and your PR's, the float should be around 3 billion. Right now there seems to be concern because many are seeing the float as 5.6 billion. Which is the real number of the float? If the float has been increased, what is the true number of shares outstanding?
The third and last thing that I wanted to ask you was when PAIM is counting on being listed on the German/Frankfurt exchange? A lot of people out there have no idea what that means, or where they can find information about that. Please help me out, as I will try and pass this information along to other shareholders. Thanks Gary!
xxxxxxxxxxxxx
A.K.A- xxxxxxxx and xxxxxxxxxxxx on Yahoo Messenger
Posted by Soul_beyond on :
quote:Originally posted by BuckyBarnes: Received following e-mail from Gary Gotanco, PAIM IR this AM. It appeared to be a mailing to shareholders on PAIM's internal shareholder list. FWIW, it gives some more data (more questions than answers from my standpoint) about the Scottrade'S hold on buys.
_________________________________________ Fri, 22 Sep 2006 18:12:11 +0800 From: "Anthony Val Gary Gotanco" <gary.gotanco**********> <http://us.i1.yimg.com/us.yimg.com/i/nt/ic/ut/bsc/txtmess12_1.gif> Yahoo! DomainKeys has confirmed that this message was sent by *********. To: [Send an Instant Message] garybgotanco*yahoo.com Subject: Re: Missed you on YM tonight! Hi xxxxxxx,
I really am sorry, like all of you who logged on to Yahoo Messenger, I also wanted to be able to explain and set these things straight. I would appreciate if you could post this on the boards.
These "chill" rumors are just that-rumors. If indeed the DTCC has ordered a halt on trading of PAIM, our Transfer Agent should have already been informed. As of today, First Public has not been informed. I would like to request anyone who has a copy of this reported email from DTCC to please post a copy or send me one, to my email: gary.gotanco**********.
The float has indeed been increased, owing to the private placement, and non-inclusion of OBO numbers in the figure we got from DTCC last end-July. I will lay out the figures hopefully in our chat tomorrow evening at 9 pm, EST (venue to be emailed later).
If you have any questions regarding the European Exchange Registration of Pearl Asian.. please send all your questions and concerns in regards to this particular matter: by sending an e-mail to PAIM's European Investor Relations Officer: Mr. Herman Struck * eu.investors**********.
Once again, thank you for your help. To all of you who went on-line, I just talked to "Bojamble", there still are a good number of you chatting there, I really envy you guys, wish I could join you.
Let's keep the faith. A lot of powerful people out there sure are joining forces to try to keep us down, but with faith and God's help, we shall prevail.
Gooooooo PAAAAAAIIIIIIIMMMMMMM!!!!!!!!!! Best regards, Gary Gotanco
On 9/22/06, xxxxxxxxxxxxxxxxxxxxxx wrote: Hello there Gary,
I had just a few questions for you, as the Ihub board seems to be filled with negativity right now. First off, is there any truth to the whole Scottrade/DTCC fiasco? Scottrade has been saying that a "Chill Order" was handed down to them from the DTCC. I first noticed this on Friday morning when I first logged onto my Scottrade account. As you know we have all been getting conflicting answers as to why this is happening. Hasher/Janice/Jim/TSX have all been on the boards today saying that this means that PAIM will be delisted or halted soon. It would have been really great if you were on the chat tonight to answer this question for us all.
The second thing that I wanted to know is if the float has been increased? According to you and your PR's, the float should be around 3 billion. Right now there seems to be concern because many are seeing the float as 5.6 billion. Which is the real number of the float? If the float has been increased, what is the true number of shares outstanding?
The third and last thing that I wanted to ask you was when PAIM is counting on being listed on the German/Frankfurt exchange? A lot of people out there have no idea what that means, or where they can find information about that. Please help me out, as I will try and pass this information along to other shareholders. Thanks Gary!
xxxxxxxxxxxxx
A.K.A- xxxxxxxx and xxxxxxxxxxxx on Yahoo Messenger
that doesn't sound so right .. possible delist??
Posted by Zack Donino on :
I sure hope not
Posted by J_U_ICE on :
PAIM (.0014) Has Processed at Least 2 Metric Tons of Gold Ore, Producing Up to 2 Kg of Gold Concentrate; Negotiations for Long-Term Gold Supply Contracts to Prospective Gold Bullion Buyer(s) Under Way
Business Wire "US Press Releases "
MANILA, Philippines--(BUSINESS WIRE)--
Pearl Asian Mining Industries, Inc. (OTC: PAIM) reports: it has processed at least 2 Metric Tons of Gold Ore during the start-up of the Hammer Crusher/Gold Concentrating Equipment being run at substantially less than maximum capacity, as is industry practice during start-up operations, to have an initial indication of operating parameters and conditions. The gold concentrate, estimated to have a gold content of up to 1% by weight, pending results of fire assay to be conducted by external laboratories, is supposed to be tranferred to the gold refining unit in Cagayan de Oro City, pending the arrival within two weeks of the recently acquired REO 6x6 Truck from Manila to securely transport the gold concentrate. Before proceeding with the transfer, Pearl Asian is also coordinating with local security experts - former high-ranking military officers, to provide security detail and recommend ideal security arrangements in transporting the gold.
While the gold-processing operation is on-going, perimeter security at the gold plant has recently been strengthened. A perimeter fence made of heavy gauge cyclone wire is almost completed, currently being topped with barbed wire, and with provisions for connection to an electric power source. Along with a security detail composed of paramilitary men from the Higaonon Tribe guarding the 20-hectare small-scale mining claim, a private security firm has been engaged to secure the area within the High-Security Zones: the gold plant, offices/radio room, and living quarters. A surveillance camera shall also be installed at strategic areas within the year.
Mining and exploration activities continue unabated, to supply a buffer stock of gold ore for processing, with current stockpiles estimated at up to 570 metric tons of high-grade ore, and with new veins being discovered regularly. In the succeeding weeks, the gold plant will be run at increasing production rates until the maximum processing capacity of 18 metric tons gold ore per day will be test run.
In a related development, Pearl Asian is currently negotiating with international trading houses for long-term gold supply contracts, hoping to clinch total contracts of at least 10 metric tons of gold bullion over a period of up to 10 years. The first contract is expected to be closed within the year.
Engineer Elvis Hidalgo, EVP-Chief Metallurgist, stated, "...the gold processing equipment we purchased from China is performing better than we expected so far. With such a compact unit, and without using a ball mill, the particle sizes attained are ideal for processing in our gold refinery. The delivery of heavy equipment for the mining operations very soon will result in greater supply of gold ore, and it is envisioned that more gold processing units will be installed within the next few months to process the bigger stockpiles produced by the mining group."
FORWARD-LOOKING STATEMENTS:
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Pearl Asian Mining Industries Inc.
Posted by J_U_ICE on :
moving on news
Posted by J_U_ICE on :
really moving volume coming
Posted by Jo4321 on :
Up 21% so far.
Posted by J_U_ICE on :
up 29%
Posted by BuckyBarnes on :
.0017 x .0018..... will this guy break .002 today? it's been held back by the MM's and Scottrade still has a hold on buy orders.....
Posted by J_U_ICE on :
quote:Originally posted by BuckyBarnes: .0017 x .0018..... will this guy break .002 today? it's been held back by the MM's and Scottrade still has a hold on buy orders.....
I hope so looks good up 36%
Posted by J_U_ICE on :
up 43%
Posted by BuckyBarnes on :
quote:Originally posted by J_U_ICE: up 43%
I'm limited on the tools I can use right now......What does the buying pressure look like on today's movement, and where is there resistance?
Posted by TheRisktAkEr on :
it always runs on news and then falls back. not sure if its a good idea to get in at this point
Posted by kittykash on :
anyone able to buy with Ameritrade?
Posted by jdm03 on :
quote:Originally posted by kittykash: anyone able to buy with Ameritrade?
I bought today using Ameritrade.
Posted by realtor548 on :
Damn ! Scottrade ! They don't let me buy at .0017 " Buyer is not allow to buy ..... "
Posted by Chad on :
ya, Scottrade wont allow buys now. They told me fishy trading. Odd then that other brokerages will buy. I think there full of it personally and are costing clients money, as well as this stock in general.
I think Im going to go with new broker very soon myself.
As for stock, it's supposed to have a big run coming soon, at least thats what I read few pages back.
Posted by TheRisktAkEr on :
moving up very strong
Posted by Fuzzy1018 on :
man waiting for this to run for a while now; it shud run further up today goin' into tom. imo
Posted by Chad on :
it broke out i thin ka few weeks ago to high of 4, then back down. However, some had said a big run is coming. to me a big run is at least 100%, so Im just waiting for it. I think this will hit 4 again sometime soon.
Posted by Fuzzy1018 on :
insane volume, looking great. It may futher than .004
Posted by Fuzzy1018 on :
we running again, looking to break hod now
Posted by Fuzzy1018 on :
.0022 getting hit hard
Posted by Chad on :
hope so Fuzzy, that'd be great! CSHD I think it is, is running crazy last 2 days as well.
Posted by Fuzzy1018 on :
funny thing is that i sold CSHD yest. at 1.12 before it started its big run
Posted by Fuzzy1018 on :
my luck really sux wehn it comes to big runs lolz; holding paim from a while back , its due for a run lets c
Posted by Fuzzy1018 on :
buying pressure all day and it goes down eod
Posted by Chad on :
it had big volume and it was mostly buys. perhaps that big run will be happening soon? im just going to be patient....
Posted by Harry Lime on :
So, they can gross $600 bucks a day... factor in cost of business and cost of goods sold and I figure they're only losing a couple grand a day... wow... I could make $600 a day selling used cars. PAIM has been a serious disappointment.
Posted by juice on :
quote:Originally posted by Fuzzy1018: funny thing is that i sold CSHD yest. at 1.12 before it started its big run
i can't tell you how many timese that has happened to me!! i sold out of paim at .002 yesterday. maybe today it will hit .05 for ya:) and speaking of cshd, that happend to me when it was fhal at .08 cents i sold around .20 and punched myself in the face when it hit a buck and a half a few days later. now its 4.00 lol
Posted by atleast on :
upticking .002 x .0022
Posted by realtor548 on :
Why can't I buy through Scottsuck ?
Posted by Zack Donino on :
Just bought more!
Posted by Chad on :
i think this will pop when Superman posts someting....he's got a knack for knowing when things will run. if ur still watching Super, let us know ur thoughts on a run! U too Juice!
Posted by J_U_ICE on :
big buys coming in
Posted by m69jump on :
IN PR THE COMPANY IS DONE SELLING COMMON STOCK
Posted by Schwabie on :
YES. THEY DID PR THAT.
SHOULD BE A DESCENT PLAY NOW.
I HAVE TO WAIT FOR SETTLED FUNDS THOUGH.
LOOKS LIKE IT SETTLED AT .0013 / .0014
Posted by megahead34 on :
Yep, i agree Schwabie. This will have its day where it will rocket.
Posted by megahead34 on :
Looking sharp today.
Posted by J_U_ICE on :
quote:Originally posted by megahead34: Looking sharp today.
it looks good
Posted by sbbd75 on :
On what accounts can you buy PAIM because I am unable to buy through scottrade and restriction may not be lifted?
Posted by RagingBull on :
heard god things on this one ill dd this tmorrow
Posted by tmanfromtexas on :
I noticed today that my 5 billion preferred shares are no longer in my tda account. Does anyone use tda and have any info? Thanks in advance. TMAN...
Posted by xnycen on :
strange, i will make sure myself loaded up before it runs
Posted by Schwabie on :
HMM,
NOT GOOD IF BROKERAGE FIRMS START RESTRICTING AGAIN.
I DON'T LIKE THAT.
THIS WILL SLOW DOWN VOLUME AND THE RUN ITSELF !
[ October 07, 2006, 07:52: Message edited by: Schwabie ]
Posted by BuckyBarnes on :
72 million shares traded after the market closed .... did I read this correctly?....on 361 million shares total volume today.....20% of the volume after hours....what the hey? Posted by Schwabie on :
RESTRICTED BY SCHWAB.
NOT GOOD.
Posted by Chad on :
well, I know it was restricted by Scottrade over a month ago, but still ran up to 4 as high about one month ago. can happen again, but when?
I've been hearing how this is going to have its big run for months now and many recently were still saying its time is coming. but when?
If this is manipulation by brokerages or MM's, then I think theyve held this down long enough to get shares.....so not sure whats the deal anymore?
Posted by tmanfromtexas on :
Does anyone here use TD ameritrade that had the dividend preferred shares in their account? Are they still there? Or did something pass me by and they decided that only I didnt need them anymore? Just wondering...TMAN...
Posted by Bob Frey on :
Please start a new thread with a link to this one. Thank you.
Posted by cactus33 on :
quote:Originally posted by tmanfromtexas: Does anyone here use TD ameritrade that had the dividend preferred shares in their account? Are they still there? Or did something pass me by and they decided that only I didnt need them anymore? Just wondering...TMAN...
tman, i was thinking the same thing a while back, I got the preferred in paper form and they wiped out the ones in my ameritrade account, just gone one day. so i guess i own them on paper now. I dont know if they will be tradeable. I havent done any dd on it yet. funny, i have bkmp prefeerds in my account now. But they showed up about ten times faster than the paim ones. and sandy is in with paim right, who knows if these things will amount to a hill of beans. sorry bob, i know you want this down, i never post here ever, just thought tmans post was interesting, good nite
Posted by cactus33 on :
wow, a lot of history here, lol
Posted by Schwabie on :
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... and then back to .0001.![[Wink]](wink.gif)
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