quote:Originally posted by dkinvest: Didn't someone say that this wasn't suppose to move until the 13th? Well if it is movin' now, Monday should be amazing.
Yes, I did say that and I'm sticking to it. If you consider this moving you're gonna cream yourself Monday. This will reach between .001-.002
That is 1000-2000% gain if you bought at .0001.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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I sold half to get my orginal capital back and am riding free shares. I'd imagine there was a LOT of that going on today. Once people are done protecting themselves there may not be many shares out there for sale (Well, relatively speaking, given the 400 bazillion shares outstanding)
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Because the shorts are screwed + people want to get the dividend. In early february the stock spiked to .002 at one point. Not to mention a lot of people are giving PAIM some credibility now and believe it is not a scam.
Take a look at USXP, just a shell of a company and people chased it all the way to 4 cents.
I'm in the money...I'm in the money!
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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I would stay in until the xdate for the dividend. In the chat transcript with Pearlasia she said in the future they are considering possibly doing a conversion of the preferred shares. 2 common shares for every 1000 preferred shares. Which is essentially 2:1 split right now.
Say you have 1,000,000 shares, you would have 1,000,000,000 preferred shares. 1,000,000,000 / 1000 = 1,000,000 * 2 = 2,000,000 common shares you would eventually have. If the company is pulling out real gold then 6 months from now the PPS might be something like .003 and you could sell those 2m at that price.
Either way, dumping now is dumb. At least ride free shares until the xdate, which is the 15th.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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Pearl Asian Mining Industries Announces NASDAQ Set X-Dividend Date Mar 9, 2006 12:29:00 PM Copyright Business Wire 2006 PASIG CITY, Metro Manila, Philippines--(BUSINESS WIRE)--March 9, 2006--
Pearl Asian Mining Industries, Inc. (Pink Sheets:PAIM) Reports:
The company announced today that NASDAQ has set the X-Dividend Date as March 15, 2006. The dividend of 1,000 preferred shares for every 1 common share held of record on March 17, 2006, is to be paid on March 31, 2006.
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 Fax: 877-317-4430 IR*PearlAsianMining.com www.PearlAsianMining.com or Philippines: +63-2-490-0140
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
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So is anyone keeping their position past the 15th to get the preferred shares? I am confused, as there are multiple opinions. What would be the best thing to do?
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