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My honest opinion is that this is a pumpers ploy to keep everyone invested in the stock and as the stock rises they will dump and take profits while maintaining an eventual reverse split keeping interest up and people buying, once the 15th comes I'm guessing this will come crashing.
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Yup and thats exactly why I've been selling and I now have 3 mill more to sell. The short sellers have nothing to worry about cause they would only have to pay 10grand if they shorted 1trillion shares.
I'm cashing out and quick. Moving alot more of my cash into RSHN!!
If the Phillipines had lots of gold they wouldn't be as poor of a country that they are. They would be out digging the gold up themselves to save their country and families.
Thats like saying gold is in them there hills in Orlando. lmao
-------------------- I buy fast and sell faster!
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MMM - I wouldn't go that far! Africa is a poor ass Continent and has plenty of diamonds to sell, however I think the old addage applies here, if it sounds too good to be true it probably is.
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I bought 5mil last night at .0002 and sold at .0003. I never thought this one was going any higher then .0003 or maybe .0004. Quik in and out...just like the burger joint..
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ok, your right BigRob. I set myself up for that one. lol.
I honestly do hope everything turns out right and that we (thousand or so investors according to Pearl) becomes rich. I do find that hard to believe so I am going to ride free shares into the dividend and hope for the best from there.
-------------------- I buy fast and sell faster!
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Why are the people who are not interested in PAIM -- the ones bashing PAIM -- bothering to post anything at all in the PAIM topic ?
Are they attempting to convince me that they care about my financial well-being ? Is this some kind of Christmas-in-March theme happening ?
Please. There are those who believe in PAIM and those who do not. REGARDLESS of what someone's personal beliefs are, one thing is DEFINATE : the perferred shares are f-r-e-e. So, whether or not they are worthless in the future is a moot point. Since they are free, why does anyone care about what they're going to be worth ? If they're worth nothing, then it didn't cost a thing. If they become worth something, then it STILL didn't cost a thing.
Look, if you are considering PAIM and don't want to take a risk with it, then put the cost of a pizza into PAIM and walk away.
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ladies and gentle men lets all take a 3 minute break, and get a beer, then maybe we will feel even better than we feel now let the bashers drink water and wash out there mouths.
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Pearl Asian Mining Industries 'Naked Shorting' Victim Business Wire - March 09, 2006 06:00
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.
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im holding on to my shares no matter what then on march 31 im gonna call my ex wife and tell that i now have 6 BILLION SHARES OF !!!!PREFERD STOCK!!!!
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right .0001 is the minimum price tradable period.. exactly 7 of 9's point this is all for the mm's and already seems to be working forcing the mm's to cover there shorts all the way into the xdate (15th).
even without the use of share divides here are a few examples.. most recent being GWGO & LFWK from .0022 - .04
(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
-------------------- 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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a.) PAIM has a solid product to market -- GOLD. b.) PAIM is diversifying into other business ventures, which will provide additional profits for itself -- which translates into profits for shareholders. c.) PAIM has the ability to provide constant income for itself through its mining; translates into constant income for investors. Even if there is no money dividend, PAIM can use its profits to further diversify and fortify itself through purchasing new equipment, more land, hiring more hands, ETC -- growth strategy. d.) PAIM has been trading at a very low price the past couple of days -- perfect 'value' investing strategy. e.) PAIM is taking steps (F/S) to screw short sellers to protect itself -- which means its long term goal is to protect its investors. f.) Even if the F/S does NOT produce money for its investors initially, the F/S will benefit PAIM by removing short sellers. The trickle down effect of this is that common share investors will be more secure.
Counterpoints
a.) PAIM has not produced a single ounce of gold, yet. Since the future is unknown, no one knows whether or not it will actually produce gold. b.) It has been said that a company's stock price is low for a reason -- there might be other reasons at play here that we are not privy to. c.) All the hype about PAIM has come from PAIM itself and from PAIM investors; obviously there is a bias at work. No one who has a large stake at risk in PAIM will do anything to critique and possibily jepordize their market position. PAIM needs to have 3rd party, unbiased, observations and reportings to give creedance to its PRs. d.) PAIM has the ability to issue out unlimited shares. It's possible, on a whim, that PAIM can control its stock price by issuing more shares. An unlimited amount of shares scattered between a finite number of people means that it is POSSIBLE that all shares are in fact worthless.
We're all on the same team here, people. We're using this forum to make money, and share information that leads to making money. If PAIM is bogus, we all need to know about it. However, there are a lot of talented people on here who believe that PAIM is profittable. There are talented people on here that believe PAIM is NOT profittable. There are reasons for and against; if you want to play it safe, then risk the amount of a pizza and a movie with PAIM. If you want to take a greater risk, and thus have a greater reward, put $1000 or more into PAIM.
posted
OKAY ONCE AND FOR ALL THIS IS HOW THINGS WORK. THESE ARE THE FACTS AND NOT OPINIONS.
1. In late Jan/early feb PRLGF did a 1:1000 SPLIT. The new symbol traded is PAIM and the O/S went from 30 million to 30 billion.
2. PAIM has set a record date for a DIVIDEND on March 17th. The dividend will be paid 1000 preferred shares for every 1 common share you own.
3. The NASD has set the x-date as March 15th. This means if you own common stock in PAIM at 4pm on March 14th, you will receive the dividend stated in #2.
4. The preferred shares will trade under a different CUSIP and a different ticker symbol. The PAR VALUE of the shares will be .00000001.
5. New SEC rule states that no one is allowed to buy or sell a security at less than .0001. This means none of us will be able to sell our preferred shares unless someone is willing to buy at .0001.
6. PAIM has been the victim of naked short sellers in recent weeks. If you short sell a stock during a dividend, you have to PAY the dividend otherwise you go to jail. Short sellers are now playing beat the clock to recover their billions of shorted shares before the xdate so they dont have to pay the divvy. This is called a short squeeze. This generally drives the price of stock up considerably (check out IDWD).
That is it that is final. If you dont understand this then, well, you are dumb. If you think PAIM is real buy the stock and hold for a year because they will be seeing revenue 4th quarter 2006 and 1st quarter of 2007. If you dont believe PAIM is legit, buy PAIM now hold until the xdate, get the dividend. Then sell your shares with your 500% profit because PAIM will be .001 or higher on the xdate. PERIOD.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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The O/S will be 30 trillion. The stock will be deluted to 0 with no revenue coming til the middle of next year, what PR is gonna raise this money pit? They blew their load with the forward looking PR. Who is gonna be able to sell their BILLIONS of shares?
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There are gonna be SO MANY Friggin Flippers trying to sell before the xdate and so few buyers that you will be lucky if you can get out by then. You might as well hold onto your shares and unpack your bags in the "house of PAIM(N)."
quote:Originally posted by finalwish: If you sell the shares on xdate (3/15) do you still get the dividens?
posted
Snipe, so there will be two types of stocks trading at once? What will the difference be having preferred versus common? Is one more attractive than the other?
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Hey, I hope I'm wrong. Maybe I give stocktraders too much credit. They may be dumber than I think, and maybe everyone will make millions selling their billions of shares for .01. I'm not a hater or a basher, I'm just trying to wrap my head around the insanity of this stock. The structure is re-g*d-damn-diculous.... in a bad way.
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It doesn't matter what the symbol is, it is still splitting the SAME PIE. You can call it what you want, it is the same gold mines with the same gold being split 1000 times. And if you split 30 billion by 1000 you still get 30 trillion. And if you try to sell a billion shares, who do you think is gonna buy them? And if nobody buys them, how much are they worth?
quote:Originally posted by JOELGA: People are confusing this divy with a forward split, which it is NOT!
quote:Originally posted by JOELGA: You have a point Max. Im just trying to figure this all out in my head. Whats the difference between preferred and common stock?
try google you'll find lots of info.
max, you do have a point. however, the dividend that they are issuing won't even be tradable due to low value. to me that leaves the o/s at 30 billion. people aren't going to be trying to sell the new symbol when (if) PAIM shoots up.
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The O/S is 30 billion before and after the xdate.
The pie doesn't change at all because you wont be able to sell the preferred stock probably for months. By then PAIM will be pulling in revenue. Now if the preferred shares were being traded that would indeed dilute, but if 30 tril is just sitting there, its as if it doesn't even exist.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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Hey, if this happens, there are some stupid stocktraders out there that can't do basic math. Cuz anyone who does the math on this stock will not allow this stock to go above .00000001, with the current structure. And if you know ANYTHING about Gold stocks, the PRs are few and far between. After the xdate, you might as well hold a funeral for this stock and bury it 'til the end of the year, cuz it will be dead. The lucky ones are the ones that gambled on it and got out with a nice flip.
quote:Originally posted by SuperSniper00: In 2 years PAIM will be on the NASDAQ trading in the dollars and I'll make sure to send Max a post card from the bahamas.
posted
When PAIM is pulling out 1billion dollars in gold and silver, the preferred will be converted to common. O/S will be 90 billion and then they will do a R/S which will initially hurt the stock but it will recover because with a billion in revenue it is impossible for it not to. bing bang boom
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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1 billion x .05(the 5 percent owned by shareholders) divided by 90 billion(you are pulling this one from deep out your *ss, but I'll roll with it) = ?
quote:Originally posted by SuperSniper00: When PAIM is pulling out 1billion dollars in gold and silver, the preferred will be converted to common. O/S will be 90 billion and then they will do a R/S which will initially hurt the stock but it will recover because with a billion in revenue it is impossible for it not to. bing bang boom
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forcing the mm's to cover there shorts all the way into the xdate (15th).
