posted
I'm done trying to make any sense out of this. I hope it works out for you guys. Logic just doesn't allow me to wrap my head around anything but doom for this stock. My prediction is -0 pps with 0 volume, unless they do a massive R/S - which will be MANDATORY if they want to right the ship.
quote:Originally posted by SuperSniper00:
quote:Originally posted by Max Shrap: So where are they gonna get the 1000 to 1 shares to give to all of the shareholders? I would love to see the math you did to come up with a "$.50" figure. And who the hell is gonna buy 42 (m or b)illion shares at $.50? This whole thing is insanity, but it will be fun to watch it unfold.
quote:Originally posted by 7 of 9: no split has been filed (it must be filed to be real) the PTSC .02 div HAS been filed, i checked (did u?)
i start selling at $.50
I think when he said $.50 he was slightly exagerating and he also meant that the dividend wont happen. I would be happy with .005
posted
What, if anything, has caused this stock to plummet...any hopes of it returning back to ,oo1
Posts: 781 | From: NE PA | Registered: Jan 2006
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Got to give PAIM CEO a sense of humor, calling himself E Pearl Asian. Good old Sandy is Corporate Secretary. I went to a mining site that covers phillipine mining companies and no mention of Pearl Asian Mining International. Buyer beware. There are legit mining companies doing business in the PI from the US, Canada and Australia. There is gold in the PI thats for sure. About 104,000 people are employed in mining.
Posts: 167 | Registered: Dec 2005
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Pearl Asian Mining Industries, Inc.- (Oregon Corporation Symbol: PRMN) Announces the Key Senior Management Team Members E-Mail this story Print this story
Nov 29, 2004 10:37 IST Pearl Asian Mining Industries-Philippines (OTC: PRMN) announced today that it has finalized the development of the most important key element to the success of its Philippines’ Mining Operations....
Pearl Asian Mining Industries-Philippines (OTC: PRMN) announced today that it has finalized the development of the most important key element to the success of its Philippines’ Mining Operations: The formulation of the Top Senior Management Team Members of Operation Gold Finger! Pearl Asian implements a Best of the Best management policy. The cornerstones of management principles at Pearl Asian Mining Industries, Inc. are empowerment, efficiency, leadership and accountability.
Eng. PETER C. CALEON, is the Philippines Operation Gold Finger Team Leader and Pearl Asian’s Chief Mining Engineer - Sr. Vice President / C.O.O. Peter is a native born Philippines who graduated from the MAPUA Institute of Technology with a Bachelor of Science in Mining Engineer. He continued with postgraduate studies at the International Institute for Aerial Survey and Earth Science in Daft, Holland (graduating with highest honors). He holds professional licenses of Geologists and Mining Engineer. Peter’s past positions include Supervising Geologist, Regional V Director of the Bureau of Mines & Geo-Sciences, Asst. Director of Mines and Geosciences Bureau, Regional Executive Director of the Department of Environmental Resources and Asst. Secretary of the Department of Environment and Natural Recourses. Peter brings to the company his experience and valuable contacts to Pearl Asian in order to obtain all the necessary requirements by government compliance, issuance of permits and licensures needed through out the Philippine Mining Industry.
Eng. DOMINIC Nick PASTORIZA, as the Exec. VP - Chief Field Mining Director / Consultant. Nick’s experiences include the following: as the current Manager of the TVI Resources Development Philippines, Inc. - a wholly owned subsidiary of the TVI Pacific Inc. - a Canadian Company. Nick had developed all the productions, project developments, exploration activities, environmental concerns, tax benefits, development of other mineral claims and community developments. He was responsible for the commissioning, operations and expansions of an 80 tpd pilot plant in Zamboanga del Norte Mining Project. His other past experiences were: as the Mine Manager for Oman Mining company, LLC the Rakah Gold Project in Rakah Yanquol, Sultanate of Oman as well as the Concentrator Plant Metallurgist for the Sohar Copper Complex of Oman Mining. Nick served as the Senior Metallurgist for the Zambia Consolidated Copper Mines - Chambishi Mines in Kalulushi, Zambia, Central Africa. He had been the Production Supervising Engineer for Lepanto Consolidated Mining Company in Lepanto, Mankayan, Benguet, Philippines. He had served as the Assistant Gold Mill Superintendent for Itogon-Suyoc Mines, Inc. Suyoc Gold Mines 750 tpd Gold Processing Plant in Mankayan, Benguet, Philippines The plant used the cyanidation process of both cleaner final tails and copper concentrate employing the Merril Crowe-Zinc Precipitation Concentration Process in the recovery of Gold. The plant employed the gravity concentration process using water jet airlifts and rifle belts in the recovery of free gold that is captured thru an amalgamation drum. He is also responsible for the smelting of gold precipitate and amalgam to produce the finished Gold Bullion products. He will be a great asset to Pearl Asian Mining Industries as Nick will bring in his expertise to Pearl Asian as the Field Gold Mining Director for the entire Philippines Mining Operations.
Eng. ARMAND J. RIVERA, will serve as the Environmental Protection Consultant & Director. Armand is a Sr. Mechanical Engineer with strong background in project, manufacturing & construction management, engineering design, and product line marketing in the areas of water & wastewater treatment and utility gas plants. Armand was contracted as Seconded Engineer to Pacific Gas & Electric Company, a major utility company in Northern California to perform various aspects of engineering, which included technical support for the operation & maintenance of the gas compressor stations, natural gas pipeline, transmission & distribution. He directed the regulatory agency approval for obtaining air permit from the San Bernardino County Air Pollution Control District in Los Angeles, CA. He led the firm’s major contracts with multi-national companies covering water and wastewater treatment systems, gas pipelines & transmissions as well as distributions including environmental issues. He developed a pending patent on a joint venture with European based company for Hydro-Metallurgical & Catalytic Electro-Accelerator (HMCEA) also known as Leaching & Neutralization Process. He has been a Garratt-Callahan (a chemical firm based in Millbrae CA) representative in Manila for the past eight years; designed and manufactured water & wastewater treatment equipment and managed total cost savings of more than Two Million US Dollars on various projects. Armand is a graduate of B.S. Mechanical Engineering, MAPUA Institute of Technology, a Registered Professional Engineer and Certified Continuing Education in Water/Wastewater Treatment Engineering, UC Berkeley, Berkeley, California. He Received an Excellent Performance Award from Arrowhead Industrial Water and A Performance Recognition Award from the Pacific Gas & Electric Company. Armand was selected as an Honored Member of Who’s Who Among Outstanding Americans, 1995-1996. His expert contribution to Pearl Asian’s development of environmental protections for all its mining communities is very critical and vital.
Father ARIEL, DIRECTOR-CRO, will serve as the Chief Community Relations Officer. Father Ariel will be leading Pearl Asian to meet with the members of the communities and its local government officials, the local and international NGO (Non-Governmental Organizations) groups, and the Indigenous People where the company’s mining sites are located. He will be the force to explain to these groups of people the mutual benefit for the community and its symbiotic involvement of each group with the Pearl Asian’s Mission and Vision to bring in harmonious relations, peace and prosperity to everyone. Father Ariel will be the Key to bringing into the company the Pearl Asian Mining and to the people in each mine sites, the importance of a solid alliance with the community: Working Together for a Common Cause of Harmony, Peace, Prosperity & Love.
ADRIAN CERRADO, CPA - SGV & CO. PARTNER, an ERNST & YOUNG Member Affiliate of the Philippines. Adrian will join Pearl Asian as the company’s CPA Consultant. SGV & CO. is a renowned CPA Firm in the Philippines for representing and managing the top 80% of the Philippines big companies and majority of the mining industries in the Philippines. Adrian will bring his great experience and expertise of the accounting principles to perform all the audits and accounting requirements that will do both the Philippines and USA GAAP Certification Accounting Principles.
RANDOLF VILLANUEVA, the President/CEO, A native of the Philippines, Randolf came to America at a young age and was educated in the United States. He had taken courses in business management, macro-economics and computer sciences. He is very intelligent, empowered with practical applications and with his knowledge of US Corporate Management; Randolf will bring this experience in mining and management, interfacing with Philippines Government Agencies. Randolf is fully qualified to head up the Pearl Asian Management Operations in the Philippines Islands.
E. Pearl Asian, the Founder/Chairman is a true visionary. Pearl Asian is the leading force behind Pearl Asian Mining Industries, Inc. Her ambition and drive is helping to realize the potential of valuable mining properties that have been under-developed and under-utilized for decades. She is focused on providing a profitable return for investors, coupled with her humanitarian mission, to assist in providing sustainable jobs, the gift of education for the under-privileged children, healthcare benefits for the people and environmental protections of the communities. It is also her vision to make Pearl Asian Mining Industries, Inc. as the Model for all mining companies in the Philippines; as the Pioneer to make use and leverage the involvement of the communities, the local and international NGO’s (Non-Governmental Organization), to participate in the development of the Philippines Mining Industries and to become as a One Team to help sustain the economic stability, community involvements and environmental protections of the Republic of the Philippines. In 2003, Pearl has taken a mom and pop mining operation in the Philippines to a fast growing multi-national gold mining company.
This Senior Management Team will meet on December 18, 2004 in the historical Island of Mactan, Cebu City, to discuss the Pearl Asian’s Business Strategy for 2005, as they move forward with the company’s mining operations as early as January, 2005 and to discuss issues on the USA SEC GAAP Reporting requirements and compliance.
Pearl Asian is well aware that mining operations are capital intensive and a very risky industry. However, because the Philippines is currently considered as the No. 2 in World’s Gold Reserves and No. 8 in Gold Productions, Pearl Asian-Philippines Corporation will continue on to bring its foreign investments through the Pearl Asian’s Oregon Corporation (PRMN) into this country, as 2005 will be the year of immediate explorations, developments and most of all productions that will mean great revenues for the company. Furthermore, due to the upward trend in gold prices, Pearl Asian considers this business strategy positive and potentially a profitable opportunity benefiting each shareholder of PRMN.
Quote from the Philippine Star Nov. 23, 2004: Secretary of the Department of Trade & Industry (DTI) Cesar V. Purisima said, The Philippines is richly endowed with world-class mineral resources, both metallic and non-metallic. The country’s mineral resources are estimated to be worth $984.65 Billion USD, but will remain to be a just potential if not developed. But more than that, one great advantage of the Philippines’ Mining Sector has an almost 100 percent value-added which means that almost all of the elements of productions are sourced locally.
Forward-Looking Statements:
With the exception of historical information, this news release and accompanying information may includes forward-looking statements that involved a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors. There are numerous factors that could contribute to such difference, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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still trying to get filled no luck tried 4 times I am trying to buy 3,ooo,ooo and no luck * 0.0001
Posts: 54 | From: Brampton Canada | Registered: Feb 2006
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Dmort, E. Pearl Asian is a woman, not a man. And who cares what her name is. You call yourself Dmort, lol
-------------------- corn oil comes from corn, olive oil from olives, where does baby oil come from? Posts: 441 | From: Vulcan | Registered: Feb 2006
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Ya I do but it obviously isnt my real name. But if I decide to run a shell company maybe I will style myself D. Mort. See if the investors notice.
Posts: 167 | Registered: Dec 2005
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I'ts probably her real name. Remember J Edgar Hoover
-------------------- corn oil comes from corn, olive oil from olives, where does baby oil come from? Posts: 441 | From: Vulcan | Registered: Feb 2006
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I am 53 year's old and in my travels I have yet to meet anyone with the last name Asian sorry for my scepticism. As an aside here is an old pr from MLON.
Mellon Buys Major Stake In Silver Mining Company
SCOTTSDALE, Ariz., Dec. 15, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON), the market leader in providing boutique investment banking services to private mid cap companies, today announced that it acquired 200,000,000 shares (44%) of Western Pacific Minerals, Ltd. from Pearl Asian Mining Industries, Inc. (Pink Sheets:PRMN) in exchange for 500,000,000 newly issued MLON shares subject to SEC RULE 144.
Western Pacific Minerals, LTD. is the beneficial owner of 50 mining claims in the historical silver-rich Slocan Mining District of British Columbia at an approximate book value of $1m.
Posts: 167 | Registered: Dec 2005
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E. Pearl Asian, the Founder/Chairman is a true visionary. Pearl Asian is the leading force behind Pearl Asian Mining Industries, Inc. Her ambition and drive is helping to realize the potential of valuable mining properties that have been under-developed and under-utilized for decades. She is focused on providing a profitable return for investors,
-------------------- corn oil comes from corn, olive oil from olives, where does baby oil come from? Posts: 441 | From: Vulcan | Registered: Feb 2006
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Do a search in yahoo under people and you will find some. Happy travels. lol
-------------------- corn oil comes from corn, olive oil from olives, where does baby oil come from? Posts: 441 | From: Vulcan | Registered: Feb 2006
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quote:Originally posted by dmort: I am 53 year's old and in my travels I have yet to meet anyone with the last name Asian sorry for my scepticism. As an aside here is an old pr from MLON.
Mellon Buys Major Stake In Silver Mining Company
SCOTTSDALE, Ariz., Dec. 15, 2004 (PRIMEZONE) -- Mellon Research, Inc. (Pink Sheets:MLON), the market leader in providing boutique investment banking services to private mid cap companies, today announced that it acquired 200,000,000 shares (44%) of Western Pacific Minerals, Ltd. from Pearl Asian Mining Industries, Inc. (Pink Sheets:PRMN) in exchange for 500,000,000 newly issued MLON shares subject to SEC RULE 144.
Western Pacific Minerals, LTD. is the beneficial owner of 50 mining claims in the historical silver-rich Slocan Mining District of British Columbia at an approximate book value of $1m.
Did you read any of the new PR that came out. PAIM sold that to MLON for 500mil shares. So that means PAIM owns a 500million stake in PYCT. PAIM has already clarified that PYCT has never owned any stake in PAIM, nor have there been any people working for PAIM that has or currently does work for PYCT. Old news.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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okay guys .... now after all the debate ...should we buy or not ....and i have seen on the chart that the stock reached to $0.01 from $0.0001 ...is that true ...? and what do u see the potential for this one ,,,,
-------------------- Dreams are not goals if you don't take an action Posts: 454 | From: KSA | Registered: Apr 2005
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okay so i wrote to paim and flat out asked by they would do the dividend that seemingly dilutes the stock into worthlessness and this is the response i just got
"Dear supersniper,
You will have both 1,000,000 common shares and 1,000,000,000 preferred shares.
The preferred and common shares are not exchangeable.
pearlasia"
So does this mean that the O/S will still be 30 billion and not 30 trillion? Will there be an O/S of 30 billion common and 30 trillion preferred? Since we cant just straight up buy preferred stock, who do we sell it to? back to the company? Can anyone help me clarify this whole preferred vs common stock thing?
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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Press Release Source: Pearl Asian Mining Industries, Inc.
Pearl Asian Mining Industries, Inc. "Operation Gold Finger Team" Began Geological Exploration Studies of the XYZ Gold Mine Site Monday February 27, 9:00 am ET
PASIG CITY, PHILIPPINES--(MARKET WIRE)--Feb 27, 2006 -- Pearl Asian Mining Industries, Inc. (Other OTC:PAIM.PK - News) announced today that the company hired the geological expertise of the renowned Mayon Geotech & Geo-Environment Services (MGGS), Inc. led by Engr. Gil J. Apuya. The MGGS Team performed exploration and evaluation of the XYZ Mine Site located in the town of Baleno, Island of Masbate, to further determine the Gold Silver Deposits as well as the full potential installation of the Gold Mineral Processing Plant. ADVERTISEMENT
On Dec. 16-28, 2004, the first members of the engineering group of the "Operation Gold Finger" Team were on the XYZ Mine Site to oversee the initial project's exploration operation conducted by MGGS. These exploration activities had covered a total of seventy-two (72) hectares that was conducted for a period of fourteen days including mobilization and demobilization. MGGS provided the technical report indicating projected ore reserves, inclusive of all the geological maps, sections, laboratory result analysis of samples and computation of projected ore reserves. MGGS also included in their report the recommended potential site for putting-up the Gold Mineral Processing Plant as well as the site for building infrastructures, road access towards the XYZ Mine Site, scheduled to be as early as the Summer of 2006.
Further activities included research work and collation of existing geological reports, acquisition of field supplies and materials, preparation of working maps and mobilization. The Gold Team coordinated with local officials and residents including recruitment of local residents as guides and laborers for trenching, test pitting, clearing, handling and transportation of samples and sampling. More detailed geological mapping of the area was reported on a 1:10,000 scale. The MGGS identified all outcrops, rock types, alterations and mineralization by megascopic identification. These activities included rock / ores sampling, exact plotting of encountered outcrops, mineralization and preparation of geological maps and sections. They cleared and channelled the samples from the old tunnels and dug pits. The trenching and test-pitting were delineated and traced the continuity of mineralization. The samples gathered were analyzed for Gold, Silver Copper, Lead, Zinc & the Platinum Group of Precious Metals (Au, Ag, Cu, Pb, Zn, Pts.). All these collected information were interpreted. Two batches of samples of approximately 20 Kg of ores each batch, were sent to KNELSON Company of Langley, British Columbia, Canada and ELSA Metals Company of Geneva, Switzerland for further laboratory analysis. The laboratory assay results both by KNELSON & ELSA Metals were utilized for further confirmation of the previous preliminary assay reports and the local laboratory results from OSTREA LAB of the Philippines. This assay results gave the exact design for the gold concentrator plant & gold powder refinery, in which the plant design was based on the type and quality of these XYZ GOLD ORES. Additional activities besides the chemical laboratory analysis included Topographical Survey of the entire XYZ GOLD MINE SITE.
"I am excited to see that further explorations, developments and production activities are in progress as 2006 will be The Best Year ever for Pearl Asian Mining Industries, Inc., after 3 years of its founding and creation. I envision that the last quarter of 2006 will be the beginning of revenue generation months and profitable years ahead; thus benefiting all the existing and future shareholders of PAIM!" exclaimed E. Pearl Asian, Founder & Chairman of the Board.
FORWARD STATEMENTS:
With the exception of historical information, this news release and accompanying information may include forward-looking statements that involved a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors. There are numerous factors that could contribute to such difference, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results.
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries, Inc.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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you guys still dont understand what a DIVIDEND is do you? common shares and preferred shares are not exchangable! the O/S for common shares will be exactly the same after the dividend as it was before the dividend. What will likely happen is the preferred shares you will get will trade under a different symbol. Now yes those will be diluted and hard to sell.
Gold finger, yes it is corny but apparantly you've never experienced filipino culture. while i was there they were blowing their load because the beach boys were making an appearance in manila for the first time
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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volume is building for a reason... when u guys think this will fly, im 357000 deep
Posts: 121 | From: boston | Registered: Feb 2006
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A. The estimated Average of 15.0 grams per ton of GOLD ORE can produce an output of approximately 3,750 grams of Gold per Day; with a 30-Day Month Production Output of 112.5 Kilograms or 3,617.20 Troy Ounces, which is equivalent to US$ 1,808,510.00 * a buying price of $500.00 per Troy Ounce.
B. An Annual Gross Revenue from gold production of US$21,702,120.00 is estimated to be generated, aside from sales of silver and other minerals. The 200 Tons per Day Processing Plant is planned to be increased to 1,250 tons per day (Equivalent to 6.25 X 200 Tons per day increased in a 6-8 month period.)
C. A 1,250 Tons per day Processing Plant is estimated to bring a Monthly Gross Revenues of US$12,303,187.50 ($1,808,510 X 6.25); or an estimated ANNUAL GROSS INCOME of US$14,638,250.00 from GOLD PRODUCTION.
D. PAIM has a Macroscopic Plan for the whole Masbate Island because of its Rich GOLD potential. By implementing our Community Mining Assistance Program to the whole Masbate Island, and improved production capability of the Community Small Scale Miners, we are expecting to acquire Additional Income of a minimum of 12 kilograms or approximately 387 Troy Ounces of GOLD which is estimated to be a Gross Revenue of approximately US$193,500.00
E. The $193,500 Gross Revenue Per Day multiplied by 30 Days, is estimated to be US$5,805,000.00 and calculating for the whole year (times 12 months) is estimated to be US$69,660,000.00 of ANNUAL GROSS REVENUE from the COMMUNITY SMALL SCALE MINING ASSISTANCE PROGRAM.
F. XYZ GOLDPROJECT is estimated to generate a TOTAL GROSS REVENUE for the GOLD PRODUCTION, an equivalent of USD$217,298,250.00 which excludes the REVENUES from SILVER and other Precious Metals.
Posts: 54 | From: Brampton Canada | Registered: Feb 2006
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Found this in a google search about Masbate Island.
"Thistle-unit Philippine Gold Plc. owns Filminera, which has the rights to gold deposits on the island of Masbate, 350 kilometers (220 miles) southeast of Manila. In the 15 years to 1994, the Masbate mine produced 80,000 ounces per annum, according to Thistle's 2001 annual report."
Posts: 167 | Registered: Dec 2005
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-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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