posted
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
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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
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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
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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
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
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
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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
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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
-------------------- "Simplicity is the ultimate sophistication"
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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
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"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." "
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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
-------------------- Who ever said "The sky is the limit", limited themselves to only the sky. To be filthy rich, simply make that possibility a probability, and then be patient. Dreams, my friend, can indeed come true if you but believe they can.
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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
-------------------- Just the facts, ma'am.
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