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Author Topic: PAIM - Forward Split Heaven !! Gold Mine
Max Shrap
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Here's an interesting read:

http://www.fortunemarket.net/investment/fcdh.php

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Max Shrap
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Sandy Winick - Director/President
Sandy Winick is a business consultant with over 20 years experience as an entrepreneur, financier, investor and advisor to both private and public companies. In addition Mr. Winick started out his career in public accounting and worked for several very large public accounting firms from there he went on to work in various business ventures that included real estate limited partnership where he helped raise over $150,000,000, from there he went onto to put together a retail and manufacturing furniture business with 13 locations and annual sales in excess of $30,000,000. Since then he has run several public companies in various industries

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Max Shrap
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The above info on Sandy APPEARS to be from an independent source.
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SincereX13
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Well, I'm stuck playing either way as I wansn't around to take any off the table on Thursday when the stock was up. I'll hope for some more pr's and another run this week!

--------------------
trashed and scattered again

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Max Shrap
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There is SUPPOSED to be some great PR on Tuesday that will send it on a nice run.

quote:
Originally posted by SincereX13:
Well, I'm stuck playing either way as I wansn't around to take any off the table on Thursday when the stock was up. I'll hope for some more pr's and another run this week!


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Max Shrap
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Another thing to consider about Sandy, and I don't have a vested interest in pumping the dude up, the reason you may hear about him so much is because HIS pink sheets go on runs. There are tons of pinks out there that you don't even hear about, don't make any money, die in obscurity. But many of HIS get noticed because they make people cash, when they play them right.
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SuperSniper00
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well either way from my research i conclude PAIM is a legit company and has potential...i am just going to hold and try to buy more because if more PR comes out like last week this thing is going through the roof


in the meantime i am gonna see what else sandy is involved in and buy his stuff since it always goes on runs lol

--------------------
*I'm not a financial expert or advisor, everything stated is my opinion*

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hurricanematt
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Will the market be open tommorow? (maybe a snow day)
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searchingforpennies
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Saw some e-mail replies over on the Ihub boards looks like we are expecting some news in the morning on this puppy looking good!!
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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.


Contact:
Pearl Asian Mining Industries, Inc.
E. Pearl Asian
IR*PearlAsianMining.com
http://www.PearlAsianMining.com
or
Investor Relations, 866-732-7888 (USA)
Fax: 877-317-4430
or
Investor Relations, +63-2-490-0140 (Philippines)
Fax: +63-2-490-0144

--------------------------------------------------------------------------------
Source: Pearl Asian Mining Industries Inc.


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Related Quote
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Related News Stories
· Pearl Asian Mining Industries, Inc. Clarifies the Forward Split of Its Shares 1 for 1,000 - Business Wire (Fri Feb 10)
· Company Profile for Pearl Asian Mining Industries, Inc. - Business Wire (Fri Feb 10)
· 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 H - Business Wire (Wed Feb 8)
· Pearl Asian Mining Industries, Inc. Forward Split its shares 1 for 1000 and Re-Incorporated to Wyoming, now has New Stock Symbol -- PAIM - Business Wire (Tue Feb 7)
More...






Top Stories
· Ford, Chevy Spar Over 2005 Sales Data - AP (1:42 am)
· Microsoft Venture Adds to Blackberry Woes - AP (1:44 am)
· Iraq Suspends Dealings With Exporter AWB - AP (2:09 am)
· Wall Street Uncertainty Likely to Continue - AP (Sun Feb 12)
More...

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--------------------
*I'm not a financial expert or advisor, everything stated is my opinion*

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EverGreen
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i don't like it (forward split shares? already on the market ...)

it's becoming another casino like Gxxx (i forgot the symbol)

some people are still stuck with a worthless stock

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Teknical_D
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this has already been addressed, please read PR from 2/8/06

--------------------
42 is the answer.

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Max Shrap
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WTF? They are creating more confusion. A double F/S? Scary stuff.


quote:
Originally posted by SuperSniper00:
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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.


Contact:
Pearl Asian Mining Industries, Inc.
E. Pearl Asian
IR*PearlAsianMining.com
http://www.PearlAsianMining.com
or
Investor Relations, 866-732-7888 (USA)
Fax: 877-317-4430
or
Investor Relations, +63-2-490-0140 (Philippines)
Fax: +63-2-490-0144

--------------------------------------------------------------------------------
Source: Pearl Asian Mining Industries Inc.


Email Story
Set News Alert
Print Story





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c.azjmp.com
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www.creditreport.com
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www.slro.org

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Related Quote
PAIM.PK 0.00 0.00 News
View Detailed Quote
Delayed 20 mins
Providers - Disclaimer


Related News Stories
· Pearl Asian Mining Industries, Inc. Clarifies the Forward Split of Its Shares 1 for 1,000 - Business Wire (Fri Feb 10)
· Company Profile for Pearl Asian Mining Industries, Inc. - Business Wire (Fri Feb 10)
· 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 H - Business Wire (Wed Feb 8)
· Pearl Asian Mining Industries, Inc. Forward Split its shares 1 for 1000 and Re-Incorporated to Wyoming, now has New Stock Symbol -- PAIM - Business Wire (Tue Feb 7)
More...






Top Stories
· Ford, Chevy Spar Over 2005 Sales Data - AP (1:42 am)
· Microsoft Venture Adds to Blackberry Woes - AP (1:44 am)
· Iraq Suspends Dealings With Exporter AWB - AP (2:09 am)
· Wall Street Uncertainty Likely to Continue - AP (Sun Feb 12)
More...

--------------------------------------------------------------------------------

· Most-emailed articles
· Most-viewed articles






--------------------------------------------------------------------------------

Copyright © 2006 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Ad Feedback
Copyright © 2006 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials by posting, archiving in a public web site or database, or redistribution in a computer network is strictly forbidden.


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Max Shrap
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Nope, this is a new PR. In March they plan to dilute this stock into worthlessness.

quote:
Originally posted by Teknical_D:
this has already been addressed, please read PR from 2/8/06


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SuperSniper00
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I'm actually really confused by this because they are calling it a dividend not a split.

"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."

And stated that that they cannot do the Feb 14 split because it already occured.

Can anyone explain to me what the difference between common and preferred shares are?

--------------------
*I'm not a financial expert or advisor, everything stated is my opinion*

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Skyman
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Will our computers be able to print the low pps after the split? Maybe they will f/s to make sure everyone got some divi's and then r/s to get the number of shares back to something reasonable.
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usasail
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What a joke....does he really think we are that stupid. Hey did I just call myself stupid...ha. Ok now do we get it...confusion is the key goal for satan w. to draw you in...heck it worked on me (thankfully not much), but pinks still rule in my book.

--------------------
dig in when u can!

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Rich735
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Just got an email back from PAIM. I emailed them Friday. There answer is in CAPS!!

I am an investor of PAIM and want to know what the total shares will be after the forward split,and if I will get the 1000 per share also.

YES YOU DO QUALIFY AND THERE SHOULD BE AT LEAST OVER 30 BILLION SHARES..

Thanks

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hurricanematt
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So my 1,000,000 will turn to 1,000,000,000
even though I bought last Thursday?
that would be neat I guess.

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Stock_Analyzer
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nice picks today with AMVS, SSTU, SWKJ, CTUM, EYII

you got anything else up your sleeve for the week?

Hey super, yea i will have more picks coming. Should have a whooper one end of week possibly. Add me to your yahoo im list, my screen name is in my signature

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surgeon of steel
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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
Business Wire - February 13, 2006 04:00


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.

Outstanding Shares: 30,044,316,000 as of 2006-01-31

For what its worth, not much info....

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Rich735
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So for every 1 "common" share we have we will get 1000 "preferred" shares?

The email I received said the O/S was 30+ billion.

So if you have 1,000,000 common you will get 1,000,000,000 preferred?

That would mean you own 1 billion out of 30 billion!

I don't think so!!!

I am confused!

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usasail
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Dang so no mo confusion...ha. Yep that OS will be 1000 fold, but hey it's gonna be turnin' heads just like CMKM did way back when. You'll start seeing billions of shares being traded on a daily occurance....then there will be a quick jump from .0001 to .001 for a few dayz then an SEC investigation. AIMO, but mark my words + it'll be fun to see how it'll all play out...ya just gotta laugh [Wink] Ol' Sandy's got a Whopper of a headache comin to'em someday, but for now GO PAIM!!!! [Wink]

--------------------
dig in when u can!

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DIGDOUGH
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Ya then you'll be the poorest billionaire in the world.

quote:
Originally posted by hurricanematt:
So my 1,000,000 will turn to 1,000,000,000
even though I bought last Thursday?
that would be neat I guess.


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DIGDOUGH
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So it sounds like they want to go with the 30,000,000,000,000 shares after all?
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surgeon of steel
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quote:
Originally posted by DIGDOUGH:
So it sounds like they want to go with the 30,000,000,000,000 shares after all?

thats the way I'm seeing it
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SuperSniper00
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Has everyone forgot about the $350,000,000 in gold and silver they found last week?

--------------------
*I'm not a financial expert or advisor, everything stated is my opinion*

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Max Shrap
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Multiply 350 mil x .05
Then divide that sum by 30 trillion
And you may understand why this thing is ugly.

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SuperSniper00
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this was only on 50 acres of land, you cant rule out them finding more and more deposits just like that, the philippines is literally one big gold mine...the country is just severly underdeveloped

--------------------
*I'm not a financial expert or advisor, everything stated is my opinion*

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DIGDOUGH
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I just went and reread the $350,000,000 gold news and wonder why or for what purpose the shares are being split so much.

quote:
Originally posted by SuperSniper00:
Has everyone forgot about the $350,000,000 in gold and silver they found last week?


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Max Shrap
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30 trillion O/S is hard to overcome. When was the last time you tried to sell a billion shares in a 0 volume? Multiply that by a few hundred shareholders. Do you know ANY intelligent stocktrader who would mess with these numbers? I could be completely wrong. And if there is anyone out there that thinks I'm wrong I would love to hear the pump spin on this one. I will still keep my eye on it, cuz if they scrap this 1000:1 "divi" plan, it may be a more attractive situation. A 30 bil O/S, while a bit high, is more workable.


quote:
Originally posted by SuperSniper00:
this was only on 50 acres of land, you cant rule out them finding more and more deposits just like that, the philippines is literally one big gold mine...the country is just severly underdeveloped


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SuperSniper00
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quote:
Originally posted by DIGDOUGH:
[QB] I just went and reread the $350,000,000 gold news and wonder why or for what purpose the shares are being split so much.

I dont know what to make of it because the crap they put out is so confusing. But hey thats the philippines for ya.

--------------------
*I'm not a financial expert or advisor, everything stated is my opinion*

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