[20:21] SuperSniper00: [14:53] <pearl> The last symbol we had for the preferred was PAMXF
[20:57] SuperSniper00: [14:53] <pearl> The last symbol we had for the preferred was PAMXF [20:57] MSN: yo [20:57] SuperSniper00: did you read the chat? [20:58] MSN: no where [20:58] SuperSniper00: the chat with pearl asia, did you read it? [20:58] MSN: where? [20:58] SuperSniper00: http://www.investorshub.com/boards/read_msg.asp?message_id=10068178 [20:58] SuperSniper00: it can get confusing but im good at tracking conversations via chat room so i made sense of it [20:59] SuperSniper00: not really anything too new, but you learn a lot about the psychology of pearl and what the company is trying to do [21:02] MSN: <pearl> Who the hell is shorting our company's shares? [21:02] MSN: if this is true, and the shorting began at 100, i will get rich [21:03] MSN: remember how the initial price was 100 [21:03] MSN: pearl claims that there is no dumping, but how can anyone short at 1? [21:03] MSN: ahh, they never will buy back the shares. all a scam [21:04] MSN: [14:55] <pearl> That is what I am hoping [21:04] SuperSniper00: basically they did a 1:5 F/S but the PPS went down a lot and people complained, so to correct this they did a 1:25 R/S but this ****ed it up even more, so then they did the 1:1000 F/S but the people were still idiots and didnt understand it.....so to make up for it they are doing the dividend which really serves an alterior motive [21:04] MSN: So you will end up with 2 common shares for every 1000 shares of preferred. [21:04] MSN: if pearl was doing the shorting, then she would reverse [21:04] MSN: you know, snipe, pearl is a stock scammer [21:05] SuperSniper00: according to pearl she did the dividend to ensure the company stays in her hands and she will always be the largest shareholder [21:05] MSN: <pearl> Why would I want to decrease the market cap, when a reverse would do that [21:05] MSN: only 1% of people on allstocks understand that [21:06] SuperSniper00: yeah i know man i read it all [21:06] SuperSniper00: like i said it gives good imput into what is going on in her head [21:06] MSN: u know, think [21:06] MSN: short dont get the div, they pay it [21:06] MSN: shorts must pay any div [21:06] MSN: god [21:06] MSN: i need to post this on allstocks [21:07] SuperSniper00: [21:07] MSN: explosion coming [21:07] MSN: shorts must get out, otherwise they owe trillions of shares [21:07] SuperSniper00: I'm selling all my RSHN tomorrow and buying another 18m if i can get it at 1 [21:07] MSN: NITE only mm on bid [21:08] MSN: they r huge gamblers [21:08] MSN: kings [21:08] SuperSniper00: yeah i know....MMs are gods and NITE is Zeus [21:09] MSN: NITE will take huge bets [21:09] MSN: few mms will [21:09] SuperSniper00: you gotta play the lotto to win the lotto [21:10] MSN: this is not lotto [21:10] MSN: im going to win [21:10] SuperSniper00: no [21:10] SuperSniper00: WE are going to win [21:11] SuperSniper00: pretty kick ass, eh? [21:12] MSN: :-) [21:12] MSN: i dont belive pearl is a woman or a miner [21:12] MSN: thats why he chats [21:12] SuperSniper00: i do [21:12] SuperSniper00: and i will tell you why [21:12] SuperSniper00: she mentioned the Yamamusta gold [21:13] SuperSniper00: if that is what i think it is....in the philippines there is a rumor widely believed that the japanese left a large treasure of gold in the philippines in WWII [21:13] MSN: pearl is a sec attorney [21:13] MSN: im sure [21:13] SuperSniper00: only a filipino would know about it [21:14] MSN: lotsa caves [21:14] SuperSniper00: well a lot of the rumor is that the reason the US is in the country is because Bush wants to find the gold [21:14] MSN: <pearl> Although I've never personally done it, I have read that shares can trade below .0001 but the amount can only be seen as .00 [21:14] MSN: only a true expert would know that [21:14] SuperSniper00: she wasnt aware of the new SEC rule [21:14] MSN: no way she is a miner [21:15] SuperSniper00: she isn't a miner [21:15] MSN: she is a lawyer and a mm [21:15] MSN: total pro [21:15] MSN: shell get very rich here [21:15] MSN: he [21:15] SuperSniper00: its definately mobbed up ill give you that [21:16] MSN: <pearl> If the SEC prohibits trades below .0001 then that is the only price that the preferred will ever trade at if anyone is willing to pay that price [21:17] MSN: miner? [21:17] SuperSniper00: evidenced by the reference of "vertical integration" which she explained as keeping the business between close family and friends and not letting any outside investors touch it [21:17] SuperSniper00: i dont think she ever claimed to be a miner [21:18] SuperSniper00: i think she used her DoM money to acquire some mom and pop mines and ended up stumbling upon 2.4 million tons of gold [21:18] MSN: no. the drilling was very smart. not random [21:18] MSN: she drilled only 8 holes [21:19] MSN: hit heavy gold in 3 [21:19] MSN: hard to believe!!!! [21:19] SuperSniper00: im not saying the drilling was random, im saying going from DoM and trying to scam to actually finding something legit was pure luck for her [21:20] MSN: look, wash. is the ultimate scam [21:20] SuperSniper00: and i dont care, all i know is whether she is a miner, SEC pro, MM, or just a dumb filipino, this is going to explode in the next 5 trading days [21:21] MSN: the power will come from these shorts who are screwed [21:21] MSN: they assumed the div was a lie [21:21] MSN: now, they owe [21:21] SuperSniper00: doesn';t matter if its shorted or not.....but by god i really hope it was [21:21] MSN: nasdaq computers will force them to pay the div, or be arrested [21:22] SuperSniper00: USXP anyone? [21:22] MSN: YYYYY [21:22] MSN: our usxp [21:22] SuperSniper00: you brought paim to us all [21:22] MSN: we will make f**ing bank [21:22] SuperSniper00: you brought paim to me....i helped bring paim to everyone else [21:23] SuperSniper00: i have like 500 posts and about 400 of them are on the PAIM thread lol [21:23] SuperSniper00: screw your ebay business.....you can retire [21:23] MSN: <traderscorneradmin> Have you ever looked at cyanide and caustic soda leaching? [21:24] MSN: what is that? [21:24] SuperSniper00: miner speak [21:24] SuperSniper00: i am assuming it is how they process the metals [21:24] SuperSniper00: possibly seperating the metals from the other rocks [21:24] MSN: pearl is claiming that she sold no stock [21:25] SuperSniper00: of course, why would she admit it if she did? [21:25] MSN: thell gets most of the gold, then sell the talings to others [21:26] MSN: <pearl> There is loose gold still in the region but not in bars unless you can find one from the Yamanutsa lost gold [21:27] MSN: god [21:27] MSN: im posting this chat [21:29] SuperSniper00: do it [21:29] SuperSniper00: we're in the money, we're in the money [21:29] MSN: the nakeds are doomed [21:30] MSN: we want the div [21:30] MSN: shorts have to buy it or be arrested [21:30] SuperSniper00: these preferred shares are unrestricted and hold full voting rights [21:30] MSN: naked shorting is illegal. they will be exposed [21:30] MSN: wow, unrestricted [21:30] MSN: shorts must buy them all. god [21:31] SuperSniper00: question [21:31] SuperSniper00: if they did a R/S would it save the shorts asses? [21:31] MSN: oh yeah [21:31] SuperSniper00: wow [21:32] SuperSniper00: listen to this [21:32] SuperSniper00: EFGI told the IR guy Rick C that they should do a R/S of the stock [21:32] MSN: efgi is the short [21:32] SuperSniper00: "Would be awesome if there was a short conspiracy, lol. EFGI was the fool who sold all the GVRP back in the day, creating that scandal" [21:33] MSN: efgi was dumping billions of shares [21:33] MSN: they will need their meds [21:34] SuperSniper00: this will explode either way....GWGO has a 12b float i think End of SuperSniper00 buffer: Wed Mar 08 21:34:53 2006
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posted
PAIM have lots of potentials and big plans in order to benefit all its existing and future shareholders. Plans had been underway which include the thoroughness and completeness of its accounting reports based on high principles according to the USA GAAP Standards.
OPERATIONAL PLAN ** XYZ GOLD PROJECT
The strategy of the company is to first mine and process the ores under lying within the surface zones in the XYZ mineral deposit using the Small Scale Mining Permit for the 20 hectares while pursuing further exploration program of the OVER 1,800 hectares area of the MPSA. This entail rehabilitation of the tunnels for the purpose of determining the extent of mineralization at depth as well as raise confidence level of inferred resource into measured and indicated category. This small project which could likely generate PAIM a net income of $2.5 million before Tax can also be utilized as starter money in the development of the main project. Whilst at the same time, also allows PAIM an ample time to continue with the sourcing of financing for the main project.
**MINING AND CRUSHING**
The known near surface good resource of 327,000 tons which contains 6.34 gpt Au and 37.24 gpt Ag can be mined using a 0.7 m3 excavator and a rock breaker unit. Several vein systems were uncovered during the two exploration activities in December 2004 and April 2005 notably the Gil and Andrew veins that intersect laterally between east to west direction. These vein mineral deposits are noticeable at surface and projects at depth at an angle of 80 degrees and varies in width between 1 to 5 meters. The near surface vein system will be sampled and coordinates recorded. Trenching according to the width of the vein following the lateral direction can be developed. Mined ore will be trammed using a 10 tonne dump truck units to the crushing facility. The material will be crushed down to ½” sizes. Mining or trenching operations will be contracted to a local mining and construction companies. Operations will be 8 to 10 hours daily.
Since potential resource of reasonable grade was uncovered near surface with minor interface of overburden or soil capping, a small scale open pit mining will be introduced, initially over an area of 5 hectares. Operations will be limited within the 20 hectares area of Small-Scale Mining Permit which is located at elevation 150 – 350 meters.
The use of a small backhoe unit and jack hammer powered by air through portable compressor will be applied to excavate and break the large size rocks. Ore sizes will be reduced to 6” size for convenient handling. Broken ore will be extracted manually or using a small excavator and dumped into a hopper bin with control gate. Similarly, a pneumatic jack leg drill unit will be utilized for pit development and grade control.
A portable generator unit will be used to power the compressor as well as the blowers for the tunnel ventilation system and essential lighting requirement for the camp & security perimeter. Ore from the hopper bin will be handled by opening the control gate unto sliding launder to gravitate into an open stockpile area at elevation 150 meters. Whilst, overburden or mine waste will be dumped into a designated stockpile area near the pit.
Incidental ore extracted from the tunnels will be drawn out manually using sacks and delivered to ore stockpile area combined with pit extracted ore. Stockpiling of ore according to grade will be introduced. Mine stockpiled ore will be removed and transferred to dump trucks using a front-end loader and delivered to Plant Processing area 1.0 km away.
**MILLING AND PROCESSING**
Process will adopt the state of the art cyanidation technology employing CIP/CIL (Carbon in Pulp or Carbon in Leach) process or using the Charcoal Coated.. from the coconut husks, that is SAFE for the whole environment and the community. Since Masbate Island is laden with coconut trees, the use of the coconut husks is the other alternative that the XYZ Gold Team of Chemists / Metallurgists and Mining Engineers are looking into.
Ore from the mine will be stockpiled at the plant grade control area using three stockpile approach, Hi-grade, medium grade and low grade.
Blended ore will pass through a primary crusher followed by a secondary crusher to reduce the size from 6” to ¼”.
Crusher finished product will then be ground using Ball Mill to obtain a mesh of grind of 80% passing 200 mesh. Milk of lime will be added into the Ball Mill to attain pulp pH of 10.
Ground product will then discharge into a thickener to remove excess water while maintaining a required leach feed density of 40-45% solids. Clear water overflow from the thickener will be recycled to the Ball Mill and the underflow of 40-45 % solids will be pumped to a series of leach tanks. Solution of cyanide at 10-15 % strength will be introduced together with milk of lime to raise pH level to 11.
Pulp from the leach tanks will transfer into the series of adsorption tanks and activated carbon will be added.
Final tailings from the last adsorption tank will discharge into a cyanide neutralization tank to reduce the cyanide level. This then gravitate into the tailings dam.
Please NOTE THAT AN ALTERNATIVE USE of the ELSA Metals Equipment is the method that the XYZ Gold Team is going to apply to process the ever potential spillage of this perhpas minor contaminated tailing dam..It is the extreme mission of PAIM / PGMC to continue on experimenting, to find the right ways and means to protect the communtiy, the environement and other living things in its blue seas and ocean.
Impounded water in the tailings pond is pumped back to the processing plant for re-use. Loaded carbon from the 1st adsorption tank will be harvested using air lifts and vibrating screen and transferred into an elution column.
Metal values adsorbed in the loaded carbon will be stripped using weak solution of cyanide and caustic soda at elevated temperature. The loaded electrolyte will then pass thru an electro-winning cell and dissolve metal values deposits into the cathode terminal wound with steel wool.
Regular harvest of loaded steel wool will then be accomplished and is then acid digested, dry and weighed. Flux is then added and the total charge material is introduced into a smelting furnace operating a temperature of 1,200 degree C. Melted metal is then poured into moulds producing bullions product ready for shipment.
Masbate XYZ Mine
"Operation Gold Finger: The Baleno Gold Project"
The Masbate mine is an example of the small-scale "Mom & Pop" mines ran by Philippine families throughout the 7,101 islands. The normal operation usually will require the effort of several families, and the process is as follows:
Ore is hand dug from the mine site and brought to the processing area. workers manually break up and crush ore-containing rock in preparation for the wining process. The solutions for the wining process are placed in hand-made barrels and carted to the processing area. These solutions are then hand-mixed for the wining process. (See picture. It depicts a Philippine worker doing manual separation of ore within the cyanide solution utilizing a pan.) Once separated, a manual process segregates the gold from other ores, which is then taken to a refinery as small "beads" for further processing.
This process is specifically geared for the production of gold and other metals that are left in tailings from the operation. It has been identified that over two times the resulting gold production is discarded in silver alone amongst these tailings.
Pearl Asian is developing a facilities plan for the Masbate mine and others like it. Once implemented, the PAMI improvements will increase the monthly gold production from its current 31-40 kilos to over 1,000 kilos. This increase in productivity not only benefits the mine owners, but the local communities as well.
The new operation will require employment of over 10 times the current number of mine workers. Improvements in local infrastructure necessary to accommodate the new operation will all enhance the accessibility of local communities. Increases in job will necessitate additional facilities for provisions and generate new housing.
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posted
Short Sellers are responsible for paying dividends on their shorted shares.
"If and when dividends are paid, the short seller is responsible for paying those dividends to the fictitious person from whom the shares were borrowed. This is a cost of shorting. The short seller has to pay the dividend out of pocket. Of course the person who bought the shares might hold them in a margin account, so the shares might get lent out again, and so forth; but in the end, the last buyer in the chain of borrowing and shorting transactions is the one who will get the dividend from the company Tax-wise, a short seller's expense of paying a dividend to the lender is treated as a misc investment expense subject to the 2% of AGI floor. It does not affect basis (though I believe there is an exception that if a short position is open for 45 days or less, any dividends paid by the short seller are capitalized into basis instead of being treated as an investment expense -- check the latest IRS Pub 550)."
posted
There is a theory the the billions in volume was not PAIM dumping shares for mining capital. Pearl Asian said this directly. She has not sold any shares in a month.
Why would she sell anything, and miss the divy? She would not.
Theory is, certain mms, esp. EFGI, have been massively shorting PAIM. You might call this a naked short. They would then force a r/s, destroying the mc of PAIM, and then buy back the super cheap shares.
EFGI even asked the PAIM consultant to reverse the shares.
But now, with the 1000:1 or 3:1 divy, however you see it, the shorts are screwed.
The NASDAQ computers will find them and subtract the divy. I dont see how they escape this, unless they are just mobbed up.
Could there be totally rogue mms out there? How does pinkies like rshn operate w/o a xfer agent? Who is watching the watchers?
I keep finding evidence out there or strange things going on with mms. What stops mms from creating fake shares anyway? Thats what naked shorting is: fake shares, dumped on us bagholders.
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posted
Market makers are to be anonymous......otherwise breeds mass corruption...that is what USXP is going to trial vs. the SEC this spring for exactly- Naked Shorting ( this trial hopefully will help shake the rogue mm's)and make USXP shareholders another small fortune....yes you can no the agent/cy but should not be able to contact direct !!
thats what makes these damn pannies a risk
****i will give you as long lock'7 of 9' posted in new thread CGCP(it will be a big money makerw/ limited risks)!!!
PASIG CITY, Metro Manila, Philippines, Mar 09, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (Pink Sheets: PAIM) Reports: In attempting to determine why certain market makers seemed to have an apparently unlimited supply of shares offered at $.0001, the company's Investor Relations Officer Richard Miller stated the following: "Pearl Asian Mining will not do a reverse split in the foreseeable future. The Company believes that a reverse split would decrease its market capitalization, thus helping market makers that nakedly shorted the stock to more easily buy back shares to the detriment of all current shareholders and the company. "It was discovered that the unsolicited market making activities of its common shares for the past several days of two market makers quoting the stock on an unsolicited basis had mostly held the price of PAIM stock at 0.0001 for those days. "When the dividend distribution occurs on March 31, 2006, market makers that nakedly sold shares short will not be able to deliver the 1000 preferred shares for every common share shorted to the designated shareholders." The Company is encouraged by the recently published rules to take effect before the end of this coming summer that will allow the public to have knowledge of the number of shares sold short in companies traded in all OTC markets per Pink Sheets' release: http://www.pinksheets.com/about/pr_021606.jsp. 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. Richard C. Miller, 770-336-5824 or 678-570-6538 E-mail: IR*PearlAsianMining.com Fax: 877-317-4430 U www. PearlAsianMining.com or Philippines, +63-2-490-0140 Copyright Business Wire 2006
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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-------------------- Take one step forward, no more, no less and next will be revealed... 'A Rich Man's Secret' - http://tinyurl.com/8xwcf
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posted
So are all the shorters going to be trying to dump the shares they are holding before the 17'th? I wonder how long they have been doing the shorting, sounded like only the past few days so most of us that bought 2 weeks ago shouldnt have to worry about it. I looked over the past weeks trades and notice that about 60% of the trades were done in blocks of 9 mil shares, I would venture to say that the shorters were the ones doing those deals. There was over 400 9 mil trades for the last week.
-------------------- "Man who excels at putting worm on hook is Master Baiter"
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posted
Another thought, the shorters would have the ability to make all there buys at .00005 and it shows up to people like myself as a .0001 trade on scottrade. That would be the reason for a majority of the time last week the bid was .00 and the ask was .0001, the 5th digit doesn't work with most online accounts. They could have flipped all there shares already and are moved on to another stock.
I am encouraged by today's PR though, going after the shorters, that is two companies the last two days that have stood up against it now that they have the backing from the exchange. The other that spoke out about how tired they are of being shorted is LFWK. Take a look at what their stock did yesterday, hopefully PAIM will do the same!
-------------------- "Man who excels at putting worm on hook is Master Baiter"
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