posted
The problem is, they are structuring the stock to be worthless. And if they would destroy the value of the stock, what's to say they aren't lying about the revenue. It's all very confusing.
quote:Originally posted by searchingforpennies: It's only a couple of bucks guys and this is the pinky's I got some yesterday, it's a freaking lotto, all of these run it's just a matter of time, I'm still up 125% so what the heck, lets just hope for the best. After all 360 million bucks in revenew ain't all bad.
posted
If that split is for existing holders, shouldn't it be called a dividend?
quote:Originally posted by heynow: Ive been trading for a couple years now and I have never heard of a 1000 for 1 foward split..This maybe an interal split and not affective to us Share holders....Read the statement...
"Further, all the PRLGF's existing shareholders and their holdings will remain the same as they are carried over to this new Wyoming Corporation. PAIM, the Wyoming Corporation has unlimited authorized shares and unanimously passed by corporate resolution to forward split 1=1,000. That for every 1 share is to increase to 1,000 shares effective February 14, 2006. This move is hoped to expedite the company expansion plans"
I wonder if this is only for PAIM. How would they benefit for future expansion if we had billions of shares??? Any thoughts
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
They must think they can make their profit up to the split. Can you imagine all the shareholders trying to sell many billion shares in a 0 volume. This makes QBID look like a wet dream,... IF the split is coming. Maybe this is all a misunderstanding.
quote:Originally posted by DIGDOUGH: Thats a good point. Why would they split a stock into wrthlessness?
quote:Originally posted by Max Shrap: The problem is, they are structuring the stock to be worthless. And if they would destroy the value of the stock, what's to say they aren't lying about the revenue. It's all very confusing.
quote:Originally posted by searchingforpennies: It's only a couple of bucks guys and this is the pinky's I got some yesterday, it's a freaking lotto, all of these run it's just a matter of time, I'm still up 125% so what the heck, lets just hope for the best. After all 360 million bucks in revenew ain't all bad.
posted
Even if you call it a dividend, it still divides the value of the stock by 1,000 and makes the O/S 30 trillion.
quote:Originally posted by DIGDOUGH: If that split is for existing holders, shouldn't it be called a dividend?
quote:Originally posted by heynow: Ive been trading for a couple years now and I have never heard of a 1000 for 1 foward split..This maybe an interal split and not affective to us Share holders....Read the statement...
"Further, all the PRLGF's existing shareholders and their holdings will remain the same as they are carried over to this new Wyoming Corporation. PAIM, the Wyoming Corporation has unlimited authorized shares and unanimously passed by corporate resolution to forward split 1=1,000. That for every 1 share is to increase to 1,000 shares effective February 14, 2006. This move is hoped to expedite the company expansion plans"
I wonder if this is only for PAIM. How would they benefit for future expansion if we had billions of shares??? Any thoughts
posted
Just scanned their filing from 1/31/06. I thought this company sounded familiar. I owned MLON during this time.
IV. December 14, 2004 - Pearl Asian Mining– Oregon Corporation (PRMN) traded 200,000,000 common shares 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.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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posted
Ok...From what Etrade has advised is that the Foward Split has already accured. Im unable to sell over the phone because the foward split needs to settle first. However that doesnt make any sense to me when everyone here that has traded other then using an etrade account hasnt had any issues. So, this is good news...The split has already taken place and was initiated when they changed to this ticker.
-------------------- Hurry up and wait. Posts: 293 | From: Southern California | Registered: Dec 2005
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posted
The problem is, there are PRs stating that another 1000/1 is coming on Feb 14th. We can hope that this is wrong.
quote:Originally posted by heynow: Ok...From what Etrade has advised is that the Foward Split has already accured. Im unable to sell over the phone because the foward split needs to settle first. However that doesnt make any sense to me when everyone here that has traded other then using an etrade account hasnt had any issues. So, this is good news...The split has already taken place and was initiated when they changed to this ticker.
posted
The split has happened already. The company may want to issue another PR to correct the 2/14 date that was listed. 30 billion is the current OS.
Check this out....there are around 3000 shareholders!
TOTAL NUMBER OF SHARES OUTSTANDING: COMMON PREFERRED (As of Jan. 26, 2006) A. Authorized UNLIMITED 100 Million B. Outstanding 30,044,316,000 1,024,500 C. Freely Tradable 5,044,316,000 all ( Public Float) D. Number of Shareholders app. 3,000 13
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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posted
Maybe the Feb 14th date is for the shareholders who had their shares before the split. This should be cleared up soon.
Posts: 882 | From: CA | Registered: Jan 2006
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posted
Maybe they make their money on bs PRs like this one. look how many people are buying, just to get the shares on a gamble.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
feeling better about selling most of my shares at .0008 yesterday, for a nice profit.
Posts: 722 | From: Asheville, NC | Registered: Dec 2005
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posted
I am new at all of this and I got in on it yesterday and got 100k *.0009. I got so excited when I was reading the posts, I had to get in on the action! I can afford to loose $90 or make some. Either way, it is a gamble and that is what trading is all about right?
Posts: 4 | From: Winterville, NC | Registered: Feb 2006
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posted
Company Profile for Pearl Asian Mining Industries, Inc. Business Wire - February 10, 2006 10:40
Feb 10, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC:PAIM) and its wholly owned subsidiary, Philippines Gold Mining Corporation (OTC:PGMC), together are multi-national mining companies engaged in exploration, development, mining, processing, property acquisition, marketing of products, to benefit both the small-scale and big-scale mining operations, and revitalizing the old and abandoned mining properties into a profit generating business in collaboration with the Philippine Government.
Pearl Asian Mining's (OTC:PAIM) and Philippines Gold Mining Corporation's (OTC:PGMC) vision and mission for the development of the mining industry is to partner with the Philippine Government and its host communities in order to acquire abandoned mines with known and proven reserves left for centuries. Similarly, it is the intention of the company to develop an environmentally friendly and sustainable operation adopting the best mining practice and projecting low Capital Cost projects, yet income generating business company. It is the goal of the company to strongly focus on the optimization and extraction of valuable minerals using non-toxic, environmentally safety Gold Processing & Chemical Methodology, while at the same time aiming to provide to the community upliftment by strengthening the local governance and enhancement of the living standards of its employees and host communities as a whole, thus offering sustainable economic growth.
The company has engaged the services of seasoned mining experts, highly experienced field engineers and team support professionals, who have good experience on the implementation of this gold / silver mining operations, domestically and internationally.
Company: Pearl Asian Mining Industries, Inc.
Headquarters Address: 3101-B East Tower, PSE Center Philippines Stock Exchange, Ortigas, Exchange Road Pasig City, Metro Manila, Rizal 1605 Philippines
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money. Posts: 1032 | From: DFW | Registered: Oct 2005
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posted
CEO of The Fight Network? fcdh,bkmp,snyy? that Sandy how did he get his hand in this cookie jar? Not sure about this
Posts: 722 | From: Asheville, NC | Registered: Dec 2005
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quote:Originally posted by hurricanematt: CEO of The Fight Network? fcdh,bkmp,snyy? that Sandy how did he get his hand in this cookie jar? Not sure about this
I think he was with hccf... and a few others
Posts: 360 | From: black hawk , colorado | Registered: Dec 2005
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posted
Well, FCDH is now BKMP. SNYY is oil, so mining isn't too far off. Besides, it's not uncommon for CEOs and such to chair on other boards of directors.
With this latest PR, and the forward split, I'm inclined to believe that they have additional news pending.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money. Posts: 1032 | From: DFW | Registered: Oct 2005
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posted
sandy would know about a PR maybe? Ive talked with him numerous of times, then I stopped calling him when I got my phone bill. that 407# is expensive!
Posts: 722 | From: Asheville, NC | Registered: Dec 2005
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posted
This is the same F'r that ran the HEE Corp into the ground.....I shoulda known, oh well good thing it ain't gonna be a huge loss...just sux that he's involved. He should be thrown in jail.
-------------------- dig in when u can! Posts: 546 | From: Methuen, MA, USA | Registered: Aug 2003
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posted
Does this have a chance to go up? Should I just take my loss and go on?
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
What?! Throw Sandy in jail?! Just because he's got his fingers into everything and nothing's going nowhere?! I was considering that myself.
Come on Sandy, you don't have to be planet wide, just make some planet wide successes, OK?
Posts: 352 | From: Marietta, GA | Registered: Nov 2005
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posted
I dont even what to try to figure out how Sandy and the Asian woman are connetced. I dont think Sandy should go to jail, but I dont know the full satation obvisoly. He is really young is he not? like my age he is doing well for him self it seams I was not involved in hee corp. but made very good money on FCDH and PAIM I say let him do his thing, I would like to know what else he is involved in.
Posts: 722 | From: Asheville, NC | Registered: Dec 2005
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quote:Originally posted by usasail: This is the same F'r that ran the HEE Corp into the ground.....I shoulda known, oh well good thing it ain't gonna be a huge loss...just sux that he's involved. He should be thrown in jail.
I'M NOT SURE, but I think Sandy had already left HCCF before their stock went down??? might want to research it....
Posts: 360 | From: black hawk , colorado | Registered: Dec 2005
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posted
I concure. He saw smoke and knew there was going to be fire he peaced out IMHO
Posts: 722 | From: Asheville, NC | Registered: Dec 2005
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