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?
posted
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.
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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posted
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.
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posted
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.
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posted
Restricted...and the spread is really interesting --> .0005/.004.
WTF?
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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posted
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
-------------------- "Simplicity is the ultimate sophistication"
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posted
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. --------------------------------------------------------------------------------
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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posted
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)?
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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posted
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?
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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posted
Bid/Ask just tightened up a little: .0023/.0034
Things that make you go "Hmmmmmmmmmmm.....".
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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posted
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.
-------------------- "Simplicity is the ultimate sophistication"
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posted
AND.....it's back to .0005/.004. Gotta love it.
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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posted
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!!
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posted
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
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KEYWORD: Philippines Asia Pacific INDUSTRY KEYWORD: Natural Resources Mining/Minerals
Search for Dun & Bradstreet reports on this company.
-------------------- It will run when you least expect it. :)
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