I'm gonna get 20 bill preferred shares X's .00000001. That equals a 200 dollar preferred dividend. And we can't even trade unless I have to call in. What a pain.
I question the authenticity of the conversation with <pearl> and investors. Seemed more ficticious to me.
I think I'm cashing and moving into DDSI and more RSHN.
-------------------- I buy fast and sell faster!
IP: Logged |
posted
If you own PAIM shares I do believe that you already have the split shares. the former shares were under the symbol PRLGF from what I understand.
-------------------- corn oil comes from corn, olive oil from olives, where does baby oil come from?
IP: Logged |
quote:Originally posted by 7 of 9: Pearl Asian has set a fire under this stock.
And think, she has sh t loads of gold in asia.
Absolute sh t loads!
Problem is that the gold is still inside the mine. And, the roads to the mine still need to get built. And after the roads to the mine get built, they still need heavy equipment to get perform the mining.
I believe this is a long term hold, regardless of flucuations in stock price or dividends. To me, this is all nice and fun on paper -- and is essentially meaningless until some gold gets out of the ground.
Construction of the road to the mine will not begin until April, if I read that chat session correctly. The mine will not begin producing until the end of 2006. As of right now, PAIM has strong potentiality but weak reality -- as of RIGHT NOW.
All of this feeds into the currently low stock price. As things unfold, the price of the stock should rise.
Would someone please offer an analysis of the chat conversation ?
IP: Logged |
posted
Tried buying 10mil X .0001 all day and I didnt! get filled. I made money on this stock about a month back and plan on doing it again. To much interest and good things about this company to keep it at this price for long.
-------------------- Hurry up and wait.
IP: Logged |
-------------------- Take one step forward, no more, no less and next will be revealed... 'A Rich Man's Secret' - http://tinyurl.com/8xwcf
IP: Logged |
posted
Just looking over the chart from today, that must be an error right? looks like it hit 1 cent? Why wouldn't they have corrected that?
IP: Logged |
posted
todays chart very similar to february 2 of this year...this preceded the jump it did the next 3-7 days ...if this pattern pans out ...should see similar by friday- thursday of next week....after that you're on your own.....
***i sold all but 1 million shares...now in my novelty stock portfolio along with cwfg
imo a long w/ great risk, but potential to make you enough $$$ to retire also
posted
GO PAIM! This should run between now and the xdate which is the 15th. This is a long term hold but you may want to evaluate the upcoming events and decide for yourself if you want to flip it during this upcoming run.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
IP: Logged |
posted
yes Ripler and try at .0001 again imo (GTC patience bro)
k maybe it's like if you have 1 million shares of PAIM, you get 1 billion preferred.. then according to what i have read the ratio will be 1:500 which would give you 2 million shares of common under the new ticker symbol.. so basically for every 1 million shares of PAIM you have, you will end up with 2 million additional shares of common trading under the new ticker symbol of the preferred stock...or some chit like that....
-------------------- Take one step forward, no more, no less and next will be revealed... 'A Rich Man's Secret' - http://tinyurl.com/8xwcf
IP: Logged |
a.) Holding all shares of PAIM after the dividend date, thus keeping all common shares AND preferred shares. (Strategy: Betting on indefinate future return).
b.) Holding only the preferred shares, and selling some percent of common shares THE DAY AFTER the dividend date ? (You must own the common shares at close on the specific date in order to get the preferred shares.) [Strategy: Getting some money quickly, while looking toward the future].
c.) Hold all of the preferred shares, while selling common shares that would recoup the initial investment value. [Strategy : No losses suffered; only profits can happen at this point.]
Since the vast majority of us got in at .0001, then anything above .0001 is gravy. This is why I'm personally learning toward option C. I suppose I'm asking is this : What would be the most opportune time to sell off PAIM in order to turn a definate profit -- even a break even ?
I'm attempting to be disciplined here by not wanting greed to take control. I want to recoup my initial investment when this stock price rises, but not to the point that I sacrifice huge potential profits.
posted
After reading the chat it appears as if they messed up with initial stock splits. They did a R/S and people got angry because as we all know R/S really f*cks the stock and reduces the market cap. So as a corrective measure they did a 1:1000 F/S. Half the people got their shares split right away and the other half didnt (because their brokrages were slow) so this caused a massive confusion.
The reason they are doing a 1:1000 dividend is for a combination of reasons. It is being considered a treat to the shareholders for the confusion about the split AND most importantly, the more shares out there means Ms. Pearlasia will be almost guarenteed to have control of the company and be the largest single shareholder. Since there are so many preferred shares at par value .000001 she is guarenteed to retain them because nobody is allowed to sell a stock at that price via a new SEC rule that states no securities can be bought or sold below .0001. Because of this she covered her ass in the chat and said they might do a conversion of 2 common shares for every 1000 preferred shares later on in the future and stated that the shares could eventually appreciate over time.
Because of the dividend, lots of people are going to be trying to buy the stock. As we know via law of supply and demand...as the float dries up due to MM accumilation and the demand of shares because of the dividend, we can expect to see PAIM run between .001-.002 between now and the x-date which is the 15th.
I doubt demand will stay after the x date because this is a long term hold. Why is it long term? Because they need to build the roads for the mine, hire workers, purchase equipment, etc which will take 6-9 months and gold wont be processed and sold until late 2006 early 2007. My guess is that the PPS will drop after the xdate and PAIM will have a SLOW steady growth over the next year. But immediately after the xdate i predict a trickle down to about the .0005-.0008 ranges.
Personally if this hits .002 I am selling and will look for a later date to rebuy in, but I could be missing the boat and it could run further. But .002 is a 20 bagger for me. I'm not an expert by any means and you should ALWAYS do you own DD.
If this gold is indeed real. By June of 2007 all of us paim holders will look back and see how underpriced this stock really was and wish we bought more, but it wont matter because we will all be retired. But for all i know its an elaborate scam and ill lose it all lol
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
IP: Logged |
posted
Very Interesting and even perhaps Very Relative Read...
(PRWEB) March 8, 2006 -- It’s not uncommon to read about small publicly traded companies complaining about the evils of naked short selling and the negative impact that it has on their price of their stock. It is however, quite uncommon for companies to actually take action and do something about it. The difficult, sometimes daunting task of taking on the issue of naked shorting is usually costly and time consuming, taking valuable resources away from the company’s operations. Some of the most prominent anti-naked short selling proponents include Overstock.com (OSTK), Great West Gold (GWGO), Global Links Communications (GLKC), and CMKM Diamonds which has ceased trading since October of 2005.
One of the newest companies to take on naked short selling is Loftwerks Inc (LFWK). While many of the fore-mentioned companies diverted resources towards fighting naked short positions in their companies, Loftwerks has tackled the problem by diverting more money back into the company, and buying back shares. In fact, in recent news releases Loftwerks has announced that insiders of their company hold more shares of their company’s stock, than have actually been issued. CEO Dennis Ammerman stated, "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying; therefore, we created our own definition. We call it 'Short Seller Captured Capital.’” Essentially what this means to Loftwerks shareholders is that insiders own the entire outstanding share count, and then some.
The last time a scenario such as this was revealed, was with Global Links Communications. Robert Simpson, CEO of Global Zann Corp. at one point had in his possession the entire issued and outstanding stock of GLKC, and filed the ownership with the SEC as required. Despite owning all the stock of Global Links, the stock continued to trade millions of shares per day. As investors caught wind, shares of Global Links quickly gained more than 1000% moving from under .01 to over .14 in a matter of weeks.
CMKM Diamonds continues to press on in its fight against naked short selling, now in its 5th month of its historic certificate withdrawal from the DTCC. Since the call to request physical delivery of shares in November, the task force set up to account for the shares has tallied over 400 billion of the 703 billion issued. The latest deadline to show ownership is March 15th, which leaves many investors worried that a naked short position in the company will not be proven. Widespread reports indicate that many shareholders that have requested their certificates are having trouble actually getting them from their brokers. Other shareholders are completely unaware of the certificate pull altogether, since the main method of communication for the process is through message boards and the internet. Undisclosed at this point is the level of ownership of CEO Urban Casavant, and family, as well as the numerous business partners the company was involved with. For more information visit our website at http://www.thestreetwire.com
[ March 08, 2006, 23:30: Message edited by: TroyAnalysis ]
-------------------- Take one step forward, no more, no less and next will be revealed... 'A Rich Man's Secret' - http://tinyurl.com/8xwcf
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Razz]](tongue.gif)
