posted
the Scottrade Branch manager called back with additional info. She stated that the DTC has chilled the issue of PAIM and that Scottrade is not allowing buy or sells at this time until the issue is "un-chilled". She stated she did not have any information on why the DTC has chilled the issue......?????? is this consistent with what y'all are hearing?
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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Got to facilitate a meeting for a couple of hours at 11:00.....I will check back in this afternoon and hope that there is some explanation from DTC or a PR from the company.....Can someone contact PAIM IR or the transfer agent to see what is happening? It was a pretty good morning until this popped up......boo hiss.....
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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Checking for explanations...I am in and out of office this afternoon.....see that Scottrade has lifted the # symbol off of the ticker symbol...called local branch...now manager there says the selling restrictions have been lifted but no buys are being allowed... apparently due to DTC charging high fees for clearing transaction and / or DTC not being able to deliver certificates to Scottrade on buy transactions...????????...How does this explanation wash against what y'all are hearing?...are other firms allowing buys?......I am going to talk with Scottrade again later, with expectation they will have more explanation for DTC's stance and reason for the chill order...........for the moment something is not smelling right.....need specific data in this DD effort. GLTA
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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"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."
.. .from PAIM's September 13th PR....wondering what "accredited investor" really means? This might relate to why buying restrictions were placed on PAIM last Friday and the "chilling" by the DTC....any thoughts??
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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Been in and out all day....however I managed a few minutes to call and talk with Scottrade's local branch manager again earlier this PM....looking for updated info on why Scot is not allowing buys of PAIM (online or broker assisted)....received basically same response as on Friday...with a little more data (but not much) on Scot's stance....they are still saying chilling was from DTC and that DTC is charging expensive fees for clearing transactions.... that the fees are too steep for Scot to want to handle buying transactions. Also, that when DTC removes the "chill", I could take delivery of PAIM certificates from Scot if I choose to (presumably for me to take elsewhere), and for now it looks like Scot will not desire to take buy orders due to the cost of handling. However Scot will still allow sell orders.(sounds like a paradox, would it not cost a brokerage same level of cost to handle a sale as a buy?...maybe that is a newbie question, so forgive if I should already know such information)....I am just relating what I was told by Scot....JMO, I am not confident that the whole of Scot's stance is being offered and am wondering what else there is behind their (Scot's)decision?????????. . . . Does anyone have current info on the short positions on PAIM?
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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Hey last buy went through at .0019... A little upward movement is nice and all day today there have been crazy amounts of buys at .0018 with hardly any sells. Maybe somethings about to pop again???? would be nice
-------------------- learnin as I go.
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mm are shorted .. last time this goes up to 1000% .. they are so screwed up .. tda and other brokers aloud to short this stock making it .. extremely undervalued
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......Continuing to try and get a straight answer from Scottrade on why they are not accepting buy orders on PAIM......wrote e-mail to their corporate web-site requesting specific information on why Scot has taken their corporate action... . .Is anyone using Scot hearing anything different? From any other brokerages? Seems to me if DTC has chilled PAIM, would not it be chilled for other brokerages, unless something is in question with Scot's activities on this issue???? Looking for solid information here and still digging.
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Dear Client: Thank you for your email. PAIM is being held at DTC (Depository Trust Corporation) for deposits and withdrawals.PAIM is chilled at DTC for deposits and withdrawals Because this security is being held by DTC Scottrade cannot clear any trades for this security. If Scottrade cannot clear a trade, then that security cannot be traded. Once DTC exits the position to Scottrade, you will be able to request a certificate. At this time, we do not know when DTC will exit the position to us. Sincerely, Carlton H. Scottrade Financial Services, Inc. www.scottrade.com
-----Original Message----- From: XXXXXXX*cs.com Sent: Wednesday, September 20, 2006 9:09 AM To: Scottrade Customer Support Subject: RE: Other
Dear Carlton, Can you please tell me specifically what type of corporate action is at play in this instance? Thank You. XXXXXXXXXXXXX
"Scottrade Customer Support" support*scottrade.com> wrote: Dear Investor: Thank you for your email. When you see the letters CRPA after your stock this stands for Corporate Action. This means that your stock is going through some type of corporate action such as a name change, symbol change, merger, etc. Please let us know if we can be of further assistance. Sincerely, Carlton H. Scottrade Financial Services, Inc. www.scottrade.com
-----Original Message----- From: XXXXXXX Sent: Wednesday, September 20, 2006 8:27 AM To: Scottrade Customer Support Subject: Other
Can you please tell me what the notation *CRPA* is supposed to mean? It appears after the name (on the Positions(My Investments) screen) of one of the common stocks that I hold a position in,..specifically Pearl Asian Mining, Inc. Thank You. XXXXXXX
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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>>>> Outstanding 5,302,565,203 Preferred 40,242,700,000,000 ( In Certificate Form 2,688,025,000) ( Held By Insiders & Employees) Total Public Float 5,302,565,203 Preferred 22,242,700,000,000 (Per ADP Report: NOBO= 4,165,781,850 + OBO = 1,136,783,353 PAIM now consider the public float to be comprised of shares that are held by DTCC. The Public Float (freely tradable) approximately 5,302,565,203 common shares this amount has since increased according to the last DTC position reports we recently acquired from DTC as of August 28, 2006. D. Number of Public Shareholders 4,806 (OBO= 356 + NOBO= 4,450) (Per ADP Record) E. Number of Private Shareholders 50 (Not Yet Included in the Public Float) (vi). LIST OF OFFERINGS OF SECURITIES: whether private or public by the issuer within the two year period ended on the last day of the issuer’s most recent fiscal year and from such day to the date the issuer has provided information in response to this item 504-Reg. D- Private Offering = less than $1,000,000.00 on Sept. 13, 2006 >>>>>>>
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Okay Atleast...now I see in my e-mail queue the PAIM IR advanced distribution mailing where you picked up the weblinks...I should have checked my e-mail first instead of the Board...... For others, follows is a paste of the PAIM mailing sans the distribution addys. The weblinks provide PAIM's June 30, 2006 unaduited 2nd Quarterly F/S and PAIM's 15c211.
Checkout page 2 of the 15c211.....Interesting NOBO numbers...ringing any bells??????? I think the question I asked the Board earlier about shorts is being addressed by this data. And are the NOBO numbers circumstances vaguely familar to any other stocks getting attention today? GLTA ________________________________________________
Date: Thu, 21 Sep 2006 09:16:01 +0800 From: "Anthony Val Gary Gotanco" <gary.gotanco**********> . . "I edited out distribution list" . . Subject: PAIM DISTRIBUTION LIST: Q2 UNAUDITED REPORT AND LATEST 15C211 Good day, PAIMers!
Please click attached for latest unaudited report and 15c211.
"PAIM will and can process an average of 15 grams of gold per ton of ores per day and can produce an estimated 3,750 grams of Gold or 120.57 Troy Ounces of Gold per day.
In 1997, A Canadian Company (Pottinger - Gaherty Environmental Consultants Ltd., CANADA) did a written exploration and feasibility report showing the following.
Estimated Monthly Revenue at the cost of US $600.00 per troy oz. 120.57 oz X $600.00/oz = app. US $ 72,342.00 per day Estimated Yearly Gross Revenue : $ 72,342.00 per day X 269 days per year only = USD $19,459,998.00 "
posted
about to run...mms dropping of the ask with 0 volume...they just started to fall of...looks like it may run...just watch it..if .002 falls i am going to add more..even though i already have a ton
i have a good feeling about this one!
-------------------- please dont trade stocks on my alerts, do your dd first.
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GLTA 
