posted
hey this was from a wire , sounds like a lot of shares to me or am I wrong.
"The company expects that after the 5 years holding period, set to expire March 31, 2011, the majority shareholders will not exchange their preferred shares for common shares since the preferred shares carry the same voting rights as common shares. If the preferred shares begin to trade OTC, they will trade under a different and new symbol and not the symbol PAIM. The Preferred shares are unrestricted in tradability but can not trade under the symbol PAIM. There are approximately 30 billion common shares issued and outstanding after a recent forward split of 1000 for 1. There will be approximately 30 trillion preferred shares issued and outstanding as of the March 31, 2006 preferred dividend payment date.
The Preferred Shares will only be converted into Common Shares after the Preferred shareholders surrender their preferred share certificates to any of the Company's addresses in Canada, Philippines or the U.S.A."
-------------------- let it ride!!! Posts: 635 | From: Orlando Florida | Registered: Mar 2006
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posted
Thats pretty funny ....You just need to sit back and relax .....And why on earth would anyone try and sell at .0001 .Stop jumping around like scared rabbits making up bashing remarks that are are simply untrue , PAIM is on the news a lot right now in the philipines and has a lot to do so let them do it . We all know the MM's are playing with this stock to get your shares .If your so afraid then go ahead and give them your shares and be done . INFACT ..I'll be buying your shares .Bought more this morning . USXP , RSHN , VWKM and PAIM are all very impressive to me .I really want to believe the bashers but my brain won't let me . Usxp and efsf got bashed big time aswell ....But I saw through the bashing and came out a winner . I read every bashing post I can get my hands on to see if there is any trueth . And I weigh that against the powerfull facts of a stock .It's ok to bash .But it ticks me off when you scare newbies into selling or simply not picking up a good stock and doing fine with it . THINK BEFORE YOU BASH ...Becouse I don't want to see you on this thread when pain does very well . Don't take my word for it ...You have a brain .USE IT . PENNY FOR YOUR THOUGHTS
Posts: 365 | From: redlands | Registered: Mar 2006
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quote:Originally posted by Intimatrader: Thats pretty funny ....You just need to sit back and relax .....And why on earth would anyone try and sell at .0001 .Stop jumping around like scared rabbits making up bashing remarks that are are simply untrue , PAIM is on the news a lot right now in the philipines and has a lot to do so let them do it . We all know the MM's are playing with this stock to get your shares .If your so afraid then go ahead and give them your shares and be done . INFACT ..I'll be buying your shares .Bought more this morning . USXP , RSHN , VWKM and PAIM are all very impressive to me .I really want to believe the bashers but my brain won't let me . Usxp and efsf got bashed big time aswell ....But I saw through the bashing and came out a winner . I read every bashing post I can get my hands on to see if there is any trueth . And I weigh that against the powerfull facts of a stock .It's ok to bash .But it ticks me off when you scare newbies into selling or simply not picking up a good stock and doing fine with it . THINK BEFORE YOU BASH ...Becouse I don't want to see you on this thread when pain does very well . Don't take my word for it ...You have a brain .USE IT . PENNY FOR YOUR THOUGHTS
Someone defending PAIM - thanks buddy, I needed a good laugh today.
Posts: 2554 | Registered: Nov 2005
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quote:Originally posted by JOELGA: Once GOLD production numbers start coming out on a regular basis in the next few years, thing thing is really going to fly. This is not a bad divy, and it is focused on keeping the MM's in check which is huge IMO. This is going to be a real gold producing company very soon, and I'm sure that they are going to produce a boat load. I usaully trade stocks, but this one I will invest in. Leave it in your portfolio and just forget about it if you can. Move on to the next one and maybe in a few years you madew some serious cha ching.
that all sounds good and that is what ALL gold, silver, diamond stocks want you to think. Fact that very few of them actually make any money. Do some research on gold stocks and you will see that most loss everything more than make a little. Most of these are claims and that is what they are claims....you can get a claim in many places and do the same thing...getting the gold is a diffrent story. If it was that easy they would all make money...oil wells are no diffrent...all of these are spec stocks and most will loss...very few hit it big time...GLTA...These are the biggest gamble of the penny stocks and for a reason...
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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quote:Originally posted by usasail: 30T...you just gotta laugh
I won't even try to guess if this stock is a good investment. But it certainly has some of the most interesting "financials" I've ever seen:
-Forward splits -Common stock to preferred stock conversions -Preferred stock to common stock conversions -Conversion rates that depend on how long you hold the preferred shares -30 billion common shares after a 1000 to 1 forward split -30 trillion preferred shares soon to be issued
Wow ... I can hardly wait for the next announcement.
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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posted
Sweet PAIM .....Be nice to her .... She is our friend and besides ..I dig gold ..It's so ...dare I say it ' SHINY " ......In a few weeks or months I am getting a necklace made of gold that says ' I OWN PAIM "
Posts: 365 | From: redlands | Registered: Mar 2006
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quote:Originally posted by Intimatrader: Thats pretty funny ....You just need to sit back and relax .....And why on earth would anyone try and sell at .0001 .Stop jumping around like scared rabbits making up bashing remarks that are are simply untrue , PAIM is on the news a lot right now in the philipines and has a lot to do so let them do it . We all know the MM's are playing with this stock to get your shares .If your so afraid then go ahead and give them your shares and be done . INFACT ..I'll be buying your shares .Bought more this morning . USXP , RSHN , VWKM and PAIM are all very impressive to me .I really want to believe the bashers but my brain won't let me . Usxp and efsf got bashed big time aswell ....But I saw through the bashing and came out a winner . I read every bashing post I can get my hands on to see if there is any trueth . And I weigh that against the powerfull facts of a stock .It's ok to bash .But it ticks me off when you scare newbies into selling or simply not picking up a good stock and doing fine with it . THINK BEFORE YOU BASH ...Becouse I don't want to see you on this thread when paim does very well . Don't take my word for it ...You have a brain .USE IT . PENNY FOR YOUR THOUGHTS
posted
Wow, thanks to whoever bought that 100 shares and brought the price back up to a whoping .0002. It didn't look good sitting at 0!
Posts: 2132 | Registered: Sep 2004
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posted
At what price cotton? .0002 or 0? I already tried to get them at 0 and for some reason I just couldn't get em at that price!!!
Posts: 2132 | Registered: Sep 2004
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posted
I've had an order to sell mine at .0002 for about a week now and nothing. I sure hope this thing will start moving so I can get out of it and hopefully break even.
Posts: 2132 | Registered: Sep 2004
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quote:Originally posted by cactus33: this thing goes no where until they find gold... i hope your patient.
pray for a 4th quarter gold discovery.
IMO
they have already found 2.4 tons of gold
they need to dig it out and refine it
the problem is that they are starting from scratch
there are no roads or infrastructure, and paim doesnt have a lot of cash
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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posted
I have a newbie question. I had paim on the record date of the dividend. does the dividend just show up in your account or do you have to follow through something.
posted
Your broker should handle everything. I have heard that it may take a few extra days for the Divy to show up because Paim is operated in a foreign country. If you dont see it after the first week of April I would call, I know i'm going to.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
The divi will be givin on the 31 st ......For many it is automatic ......You will need to do nothing ....For others you simply call your broker if needed . If you bought before the ex- divi date the prefered didvi shares are yours . Mine are autimatic and will be in my account first thing friday the 31st of march . The naked shorters will have to pay no matter what ... so don't worry . And as for theses shares ...They do have value ..They are just not trade-able untill they rise to .0001 or above . The fact is ..they are very valuable . And at 1,000 shares per common it is expected that we should show patience and let them grow . Now we will an option too. The newly created conversion chart from paim give us a wonderful chance to bring some value up in our accounts now or place greater value in time . And we pick the time . The flippers have basicaly left this stock and soon the shorters will be out . Once we see consistant .0002's the bashers will leave unless they are even more laughable then we have already seen . We still have a few more days of the shorters playing with the stock trying to get cheap shares ...but who cars ..were smarter than that and they will be out soon anyhow . REMEMBER ....When you read the bashers and it does not sound inteligent or logical .....read everything else ...do plenty of DD and make up your own mind . Do not let the bashers do it for you .
Posts: 365 | From: redlands | Registered: Mar 2006
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posted
The divi will be givin on the 31 st ......For many it is automatic ......You will need to do nothing ....For others you simply call your broker if needed . If you bought before the ex- divi date the prefered didvi shares are yours . Mine are autimatic and will be in my account first thing friday the 31st of march . The naked shorters will have to pay no matter what ... so don't worry . And as for theses shares ...They do have value ..They are just not trade-able untill they rise to .0001 or above . The fact is ..they are very valuable . And at 1,000 shares per common it is expected that we should show patience and let them grow . Now we will an option too. The newly created conversion chart from paim give us a wonderful chance to bring some value up in our accounts now or place greater value in time . And we pick the time . The flippers have basicaly left this stock and soon the shorters will be out . Once we see consistant .0002's the bashers will leave unless they are even more laughable then we have already seen . We still have a few more days of the shorters playing with the stock trying to get cheap shares ...but who cars ..were smarter than that and they will be out soon anyhow . REMEMBER ....When you read the bashers and it does not sound inteligent or logical .....read everything else ...do plenty of DD and make up your own mind . Do not let the bashers do it for you .
Posts: 365 | From: redlands | Registered: Mar 2006
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posted
So what is going to be keeping the shorts from playing this now? The preferred shares were only to stop the shorting that was going on a couple weeks ago, I see this as a vicious cycle that wont end till the sec does something against the short trading.
Is there any kind of investigation going on? Is someone going to be accountable/punishable for the shorting? What will happen to the people that are holding shorted shares? how will they know? because they don't get the preferred shares in their account? Even then what are they going to be able to do about it?
Lots of other questions but I don't want to come across as a basher, I'm still holding all my free shares.
-------------------- "Man who excels at putting worm on hook is Master Baiter" Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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posted
PASIG CITY, Philippines, Mar 28, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (PAIM, Trade) announced today that the Board of Directors resolved (1) to allow the Preferred shareholders the right to immediately convert 10,000 preferred shares for 1 common share. (2) In order to reward long term preferred shareholders, the Company resolved, to allow the preferred shareholders that hold their shares for 5 years to convert their common shares at the rate of 500 preferred for 1 common share. (3) The Company further resolved, to allow the preferred shareholders that hold their preferred shares for 1 year to convert their common shares at the rate of 5000 preferred for 1 common share. (4) The Company further resolved, to allow the preferred shareholders that hold their shares for 2 years to convert their common shares at the rate of 2500 preferred for 1 common share. (5) The Company further resolved, to allow the preferred shareholders that hold their preferred shares for 3 years to convert their common shares at the rate of 1250 preferred for 1 common share.
The reason that the company decided to set a conversion rate is due to speculation that 1 preferred share might be convertible to 1 common share. The Company believes that setting the conversion rate will discourage continuing naked short sales of its common shares with limited dilution of common equity to those shareholders that bought on or after the ex-dividend date of March 15, 2006. The common shares have a par value of .001 while the preferred have a par value of only .00000001, thus making each common share of vastly greater value than each preferred share.
The company expects that after the 5 years holding period, set to expire March 31, 2011, the majority shareholders will not exchange their preferred shares for common shares since the preferred shares carry the same voting rights as common shares. If the preferred shares begin to trade OTC, they will trade under a different and new symbol and not the symbol PAIM. The Preferred shares are unrestricted in tradability but can not trade under the symbol PAIM. There are approximately 30 billion common shares issued and outstanding after a recent forward split of 1000 for 1. There will be approximately 30 trillion preferred shares issued and outstanding as of the March 31, 2006 preferred dividend payment date.
The Preferred Shares will only be converted into Common Shares after the Preferred shareholders surrender their preferred share certificates to any of the Company's addresses in Canada, Philippines or the U.S.A.
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. The factors that could cause actual results to differ materially from anticipated results include risks and uncertainties are: risks relating to estimates of reserves; mineral deposits and production costs; mining and development risks; risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits; 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 the result of new information, future events or otherwise.