posted
What does a R/S have to do with anything? The stock is already diluted enough. IF and this is a big if here, if there was NSS going on a R/S would save them...also a R/S detroys market cap, why would they want to do that? im pretty sure you dont even know what that means
Yeah i did sell it all. I still have 20 billion preferred shares though. Did I make money? No i didn't i decided to cut losses at .0002 and move it into rshn at .0017, yes i do think rshn is a joke and a crappy company, doesn't mean i cant make money on it
the dividend was not intended to "defeat naked sellers"...nor was it intended to defeat naked short sellers...and that was coming from the IR guy himself
just face it dude, you dont know how the OTC or pinks work at all...the time window of opportunity on paim passed, it passed and paim was a dud...now stop misleading the people here with your relentless pumping rhetoric
and yeah fantasy baseball...millions of people play fantasy sports...hardly a comparison to D&D
now take a seat son and come back when you can buy a beer
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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and just puts down paim, i feel like i add to paim he doesnt anymore, maybe before.
but now hes dumping on it that hes gone..
half this thread got banished tex?
dont push it, please just chill
im just trying to defend paim
can we just get along now....
i'll add more from robetrydr post at another site I hope he doesnt mind postin this cause i thought it was good.
Over at investors hub there seems to be a lot of confusion. It seems that some think that the Van Couver Island propery of PAIM is the hot property whereas it is the Philippines property that has the most potential.
Shortly after the common forward split a MM that specializes in Preferred (MURF) was often on the offer of PAIM. That is the only time I've ever seen MURF represent on an unsolicited pink. It seems unlikely that MURF would have had stock in PAIM to offer.
I can't find what makes PAIM a scam. It has been verified that it has interests in mining properties in two countries. It may have some assets that don't look that attractive, 20 acres lot in big island of Hawaii, 3,000,000 shares of IFYMF and 500,000,000 shares of PYCT. She may have been better off with holding the silver mining properties since silver looks good, but who knows where PYCT will go.
PAIM had or has a real office in Canada, and the office in the Philippines Stock Exchange building is a real functioning office. I sent a friend over to look at it, and he said its the best looking office he's seen in that country, with a dozen employees on the job, including engineers.
I googled for President of Dominion of Melchizedek and found a web site with a picture of an old guy that looks like the founder of Berkshire Hathaway that is the president of DOM not E. Pearl Asian. She may have been the president at some time in the past but the old guy in the picture (an ex-law enforcement guy) seems to have held that position for the past several years. I read in an article called Spooky Billions that there was speculation that Pearlasia, when president of DOM was an agent of a foreign government using DOM to catch criminals. Notice that she was never arrested or charged with any wrong doing from what I could find. If you can find something else, please let me know. I ran various searches and can't even find any pending civil cases against her, or against her company, PAIM, and PAIM has been OTC for several years.
this post is entirely my personal opinion, and is not to be taken as investment or legal advice. I am not an expert in legal or investment matters.
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posted
Wow...some good discussion on PAIM here. I kinda bought this thing at .0002 on the 'hype' and the 'hope' that a very good trader I know had a grasp on what was to come for this stock....he apparently did not - and was discouraged by the voluminous selling . I didn't like the L2 late-day today(or ALL day for that matter) for PAIM, but I'm just holding for the time being, with my GTC order at .0003. (I'm used to stuck-holding)
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quote:"I googled for President of Dominion of Melchizedek and found a web site with a picture of an old guy that looks like the founder of Berkshire Hathaway that is the president of DOM not E. Pearl Asian. She may have been the president at some time in the past but the old guy in the picture (an ex-law enforcement guy) seems to have held that position for the past several years. I read in an article called Spooky Billions that there was speculation that Pearlasia, when president of DOM was an agent of a foreign government using DOM to catch criminals. Notice that she was never arrested or charged with any wrong doing from what I could find. If you can find something else, please let me know. I ran various searches and can't even find any pending civil cases against her, or against her company, PAIM, and PAIM has been OTC for several years. "
Pearlasia aka Elvira Gamboa is the wife of the son of the founder of DoM. That would make the founder her father in law. It was also 14 years ago when it happened. Who is to say she didn't go to jail for 6-8 years for fraud?
Either way the connections to Mario Pino and Sandy Winnick are enough to qualify anything she does as a scam.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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posted
Here's the short skinny.....this stock isn't going to do anything major in the short term..a lot of price maniluplatioon has gone on...opportunities sat to make 300%....and this stock probably took MORE bashing in a 3 week period...and you could have made 300%....thats why i use this board as a siff.
alot of b.s. was posted on her about this company recently....yet it was a GREAT buying opportunity...i sold it and kept just enough plus my free shares .....IN CASE they pull the all time mother load out of the mine
****but i'm not crying when i made 300% and anyone else that bashed had the same opportunity...
If there is money in this stock...at least a 6-1/1/2 yr hold...IMO
*****its now resting in my novelty portfolio along with CWFG..every good trader should keep a novelty portfolio....in case that day hits***
posted
I was Happy to See PAIM was mentioned in this newsletter from a Philippine Broker. See the following (unfortunatly the graphs did not copy and paste) :
MDR Securities, Inc Weekly Market Report March 13 to March 17, 2006 Edition To profit the most from an investment, you need to be able to wait long enough for it to achieve its full potential. So if you're "risk-averse" by nature, it might be a good idea for you to avoid paying too much attention to the news. If you're watching television and the nightly business report comes on, change the channel. Set aside the business section of the paper to read on a rainy day. Ignore cocktail chatter about investing. That way, you're more likely to stick to your trading plan instead of letting your emotions overpower your better judgment. - Andrew Gordon, Early to Rise
Mining Industry’s Rise: Inevitable Phisix: Gaining Momentum For The Much Awaited Breakout?
"Respect for the truth is an acquired taste." Mark Van Doren, Liberal Education, 1943
Philippine President GM Arroyo’s move to lend an ear to the Catholic Bishops to pave way for a “review” of the mining statute has elicited some concerns among some investors.
The Catholic Church has been openly opposed to the revival of the mining sector due to “environmental” concerns and this, in my view, has prompted several prelates to explicitly call for her resignation using the “legitimacy” issue as camouflage.
PGMA’s resolve to open communication channels with the influential Catholic Church is obviously a political ploy to “damage control” or reverse the declining tide of her political stock.
Nonetheless, considering the cash strapped position of the government plus the potential revenues it can generate, aside from broadening influence of resource-based geopolitics, the renaissance of the mining industry will unlikely be forestalled by the whimsical and baseless impositions of the myopic, self-righteous and socialist leaning Catholic Bishops.
The emerging risks in the mining industry has been on the aspects of “nationalization” (Venezuela, Bolivia, Zimbabwe), and/or increase in royalties or government share on mining revenues (Chile). While we have seen similar protests lodged by the Church in several Latin American countries, governments have not curtailed mining activities but instead increased its participation by either increasing equity on projects or demanding higher take on revenues. In short, it’s all about money.
In the Philippines, there is “nothing to nationalize” or nowhere to demand for an increase in shares of revenues simply because there is hardly an industry to speak of. In a speech delivered to the Asian Mining Congress in 2004 former Department of Environment and Natural Resources (DENR) Michael Defensor noted that there are ``only two (2) big mines in operation. Added to these are three (3) medium-scale chromite mines, four (4) medium-scale nickel mines and five (5) medium-scale gold mines with fifteen (15) cement plants and quarries at work.”
On the revenue side, when one speaks of generating US$61.4 million from excise taxes, and US$432 million in Corporate taxes annually, such magnitude makes the industry too compelling to ignore as to write it off for the sake of unjustified bugaboos (Mining admittedly has some negative environmental impacts but doesn’t “destroy life”~ pure bunk!). In essence, given the resource rich potentials of the country, no matter who sits as President (even a Prelate!) will be compelled to harness the revival of the industry for financial and economic purposes. The $64 question is, how it would be done (open to foreign investors, or government instituted).
Moreover there is the issue of geopolitics.
Rising commodity prices, which have been the outgrowth of investment and macroeconomic cycles compounded by the ramifications from collective government policies, is here to stay for sometime. Some market experts have even been suggesting that the present cycle could even last until 2050 based on the Kondratieff (Soviet economist Nikolai Kondratieff) rising long wave cycle count which spans from 45 to 60 years peak to peak! Analyst Martin Spring quotes Kenneth Rogoff, professor of economics at Harvard, “For at least the next 50 to 75 years, prices for many natural resources are headed up.”
This means that securing resources as oil, natural gas, copper, gold, silver, molybdenum to soft commodities (agriculture) will increasingly be the driving force behind geopolitics!
Figure 1 courtesy of analyst Martin Spring’s On Target.
In the words of Dr. Marc Faber (emphasis mine), ``when markets are glutted and over-supplied, no one is going to fight in order to satisfy his demand. Conversely, when markets are characterised by acute shortages, people will fight and go to war in order to secure their required supplies, particularly when the shortages that might arise or that have already arisen threaten the physical and economic survival of the groups or countries involved.”
What this means is that there would be intense pressures from extraneous forces to revive our resource based industries such as the mining industry, (whether the Catholic Bishops like it or not). For example, I expect the Chinese government to ante up their presence towards shaping local politics (e.g. the aborted attempt to buyout UNOCAL by China’s CNOOC was a purported backdoor play to Asia’s energy resources, the current $400 million North Rail project from Caloocan to Malolos could be one of the icebreakers). To the extent that chronic shortages of a particular commodity could possibly pose as a casus belli (for an invasion)! In short, the revival the mining industry is simply inevitable for as long as current commodity dynamics prevail. Either we will open the industry and benefit from it through trade, or someone will eventually do it for us.
Finally, we should let the market speak for itself. While the present developments may give an investor anxiety over the consistency of policies adopted by the present regime, the financial markets will tell us whether these concerns are treading on valid grounds based on the collective psychology of investors represented by price values. Since the announcement of PGMA to “review” the Mining Act, the performance of local mining companies listed abroad has been mixed, Sur American Gold <CA:SUR> soared 26.67%, Mindoro Resoures <CA:MIO> down -3.66%, Philex gold <CA:PGI> surged 37.5%, TVI Pacific <CA:TVI> fell 6.67% while Pearl Asian Mining <PAIM>slumped 33.33%.
Figure 2: Philippine Mining Index
Meanwhile the Philippine Mining & Oil Index posted a hefty 7.86% advance this week, the best performer among sectoral indices in the Philippine Stock Exchange as shown in Figure 2. As far as the markets are concerned, there are certainly no strains of a policy reversal.
Phisix: Gaining Momentum For The Much Awaited Breakout?
“The real voyage of discovery consists not in seeking new landscapes but in having new eyes.” Marcel Proust French novelist
The markets are getting quite volatile. Last week assets across varied classes took a beating on liquidity concerns. This week such anxieties appeared to have been mitigated as the global markets rebounded strongly.
The US dollar index fell by a considerable 2.08% relative to its major trading partners as the Euro (+2.32%) and the Yen (+2.76%). The dollar was likewise softer against ALL Asian Currencies including China’s remimbi. Our Peso surged by .51% to 51.04.
Meanwhile US Treasuries rallied with the 10 year benchmark yields falling by 8 basis points. Because commodities rebounded strongly (CRB-Jeffries +2.01% Goldman Sachs +5%, Crude Oil up 3.82% to $64.2 per barrel, Silver on a 22 year high at $10.365 an ounce up 4.07%, Copper and Zinc at FRESH Record highs), emerging market bonds and equities likewise reflected significant gains.
According to the Financial Times, ``Inflows into emerging market equities have set an annual record just 11 weeks into the year as investors continue to chase the higher returns seen in developing markets. In the week to March 8, $20.9bn has been poured into emerging market stock funds breaking last year’s record of $20.3bn, according to Emerging Portfolio Fund Research.”
Asian bourses were all up except in Singapore. The top performers were Vietnam (up 6.96% for the six straight week and is up 44% year to date!), Pakistan (+4.55%) and Indonesia (+4.63%). Meanwhile our Phisix was up 2.23%.
With the behavior of last week’s market, it seems that global investors could be pricing in anticipations for an end to the series of tightening undertaken by the US Federal Reserve.
Anyway, the Phisix is now about 23 points away from its one year resistance level and we are seeing improvements across the board, as second tier and third tier stocks appear to be gaining some grounds; a manifestation of improving local investor confidence.
Figure 3: The Phisix: Once Again on that Critical Threshold
As figure 3 shows, the Phisix now at a Critical threshold, its fourth attempt to beat that March 8, 2005 high with technical indicators now pointing up!
To seek clues from amongst our neighbors as to where we could be headed....
Figure 4: Indonesia’s JKSE: A Breakout
Maybe Indonesia’s JKSE index seen in Figure 4 could be telling us something....
The rising peso appears to be having a lagged effect on the local investors. Foreign portfolio investments continue to find its way into emerging markets at record levels. Speculations are rife that the some Petromoney could be flowing into Asia, after pushing their domestic bourses to bubblic proportions see Figure 5.
Figure 5, SC Arab General Index
From Ameinfo.com, the recent corrections seen in the global market has taken some air off the heavily bloated SC Arab General Index (Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia and UAE).
Finally, a newspaper columnist asks who among the local players could mount a buyout of the combined stakes of SSS, GSIS, and the Sy Family through Banco De Oro in Equitable PCI bank representing 74.4% to the tune of P 95 billion at P 95 per share? Looking at the present Board members, I’d make a guess....Taipan Lucio Tan (worth $1.7 billion and ranked 387 among Global billionaires according to Forbes).
Benson Te Market Strategist For comments, inputs and suggestions Email: benson.te********** ____ Notice: This newsletter is intended to apprise readers of the market conditions based on the information available at the time of the items’ writing, whose accuracy and timeliness of the issues concerned are subject to change without prior notice. The contents of the newsletter are not expressed solicitation to trade and that the positioning on particular issues discussed merely reflects the opinions of the writer.
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posted
What the PAIM??? I've had 5M at .0001. sold at 0.0002. With that 5 B O.S. I wait till the next hype. I'll wait till I see those 0.00000, maybe I'm back. GLTA.
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posted
Paim will have a run very soon. When they pay the preferred stock the common will rise. I am looking for a stock dividend very soon. 250 million long. Will not sell until .01.
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posted
I wouldnt sell any right now, the MMs need to buy as much back as possible before Divy Day, I don't think they want to be giving out 1000s of PSs. They can have mine at .001...LOL, so the way I see it they will run this puppy before March 31st, to get as much back as possible. By the way everyone contact thier brokers on the 31st demanding thier DIVIES.
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quote:Originally posted by Bigrod40: I wouldnt sell any right now, the MMs need to buy as much back as possible before Divy Day, I don't think they want to be giving out 1000s of PSs. They can have mine at .001...LOL, so the way I see it they will run this puppy before March 31st, to get as much back as possible. By the way everyone contact thier brokers on the 31st demanding thier DIVIES.
"divvy day" already occured dude...if the shorts didnt cover by the 15th they owed the shares...what happens now is meaningless.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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posted
I think what is happen now is in terms of 'proof' of naking shorting more than anything else. PAIM requests that each shareholder get proof in order to expose naked shorting.
PAIM just upped the ante here; one or two things will happen
1.) naked shorting will be exposed, which will pave the way for lawsuit. 2.) paim will fold up and disappear.
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