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)...
-------------------- Study before you buy, Sell before you think about it....
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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,
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posted
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
-------------------- "Great Day for Up!"....Dr. Seuss
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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
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posted
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????
-------------------- learnin as I go.
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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
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
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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.
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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.
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...
-------------------- Study before you buy, Sell before you think about it....
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posted
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?
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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??
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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