posted
always a good a idea to let your broker know you got divvies coming--so many companies screw up their filings, and so many "front-office" types at the brokers know so little...sometimes I've had to provide links, copies of filings, etc before the broker "got it" and realized they needed to follow-up.
Is it true this stock has an o/s of 350 trillion shares? I am assuming this isn't including the shares which have been "Naked Shorted"
Posts: 30 | Registered: Mar 2006
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TOTAL NUMBER OF SHARES OUTSTANDING: COMMON PREFERRED (As of March 13, 2006)
A. Authorized UNLIMITED UNLIMITED B. Outstanding 30,044,316,000 App. Over 30Tr C. Freely Tradable 5,044,316,000 App. over 2M ( Public Float) (Eff. 3-31-2006) App. 30 Tr D. # of Shareholders App. 5,000 App. 5,000
posted
I do remember reading a PR which mentioned that they have indeed have been naked shorted. I believe they will issue a diviy which will prove this. I would also like to know on the Big boards are MM's required to cover short positions?
Posts: 30 | Registered: Mar 2006
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quote: April 03, 2006 08:00:00 AM ET Pearl Asian Mining Industries, Inc. Starts Exclusive Mining Operation, Gold Purchasing & Mineral Processing Agreement With One of Mindanao's Local Tribes
All Business Wire News Pearl Asian Mining Will Operate and Process Their Raw Gold & Silver Ores With The Potential Presence of Platinum Metal
Randolf Villanueva, President and CEO of Pearl Asian Mining Industries, (OTC:PAIM) announced today that the Company has successfully negotiated and signed an exclusive Mining Operation, Gold Purchasing and Mineral Processing Agreement with the Indigenous People's Chieftains. Pearl Asian will operate and process the ancestral land domain claims rich with raw gold and silver ores that may have contain platinum metals. This will be immediately available as another source of income of Pearl Asian (PAIM).
Pearl Asian Mining is an aggressive gold mining company with a portfolio of gold and silver mining interests in the Philippines and Canada. With this new and potentially immediate "revenue-making" to be generated sooner than expected, should give a positive impact on the company's 2006 Second and Third Quarter Financial Statements. The "Operation Cagayan de Oro" will be operational and done simultaneously while awaiting for the completion in the development of the general infrastructures on the XYZ Gold Mine Site.
The Gold Team is making their second trip on April 4th, to survey a topographic map to locate the site for a pilot plant of the "Pearl Asian Gold Mineral Processing Center." This ancestral domain claim known for very rich gold reserve in Cagayan de Oro (River of Gold) City, Mindanao Island, Philippines, is approximately 1 1/2 hour flight south of Manila. This is the local tribes' main livelihood: as small-scale mining "gold panners" producing gold between 1-2 kilos per week, using the most crude and manual procedures of gold recovery. The silver and platinum metals were discarded by the locals as they don't seem to understand the actual value of these other precious metals.
Just like the 1849 Gold Rush Bonanza in California, Pearl Asian Mining Industries (PAIM) sets out as the Pioneer in the mining developments, environmental safety and community developments. Pearl Asian is committed to build school houses, churches and medical clinics. Pearl Asian will help develop these very remote, mostly untapped, and very rich in gold areas of the Philippines "The Isles of Gold."
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 result to differ materially from anticipated results includes 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 the result of new information, future events or otherwise.
Contact Information: Pearl Asian Mining Industries, Inc. USA: Richard C. Miller, 770-336-5779 (Investor Relations) 877-317-4430 (fax) IR*PearlAsianMining.com www.PearlAsianMining.com or Philippines: +63-2-490-0140
posted
I called Banc of America Investments this morning. No Divy yet. They don't seem to know much about it.
Posts: 19 | From: NY | Registered: Mar 2006
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posted
I just got off the phone with my local ST broker, I was wondering when I could expect to see my Pref. shares. He had never heard of the Divy so he couldn't tell me. He is going to check into it and call me back.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
do you really think someone is going to buy the shares for an immediate 50% loss??? hard to imagine that happening with all the bad speculation around this one...good luck thouhg
-------------------- Eat, Drink, and Be Merry Posts: 192 | From: Virginia | Registered: Feb 2006
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quote:Originally posted by dbrownRC: do you really think someone is going to buy the shares for an immediate 50% loss??? hard to imagine that happening with all the bad speculation around this one...good luck thouhg
Good Point - thank God I am only riding free shares though. Make that worthless free shares.
Posts: 2554 | Registered: Nov 2005
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posted
According to STrade, they are being sent a physical certificate that then has to be divided and sent in the mail to us. It doesnt have a ticker and cant be held for value in our acct yet. Said it might take 3 weeks before i even saw the physical certificate and then there is no telling when i could gain value from it
Posts: 725 | From: Levelland | Registered: Mar 2006
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posted
ameritrade said the divy would be dropped in my account when they get it
i doubt ameritrade would mail anything since that costs money. they are totally automated, which is good.
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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posted
i dont know. guess we will see what happens. Anyone else with STrade hear that same thing?
Posts: 725 | From: Levelland | Registered: Mar 2006
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quote:Originally posted by dkinvest: Buying this stock is sort of like your money in a savings account - It just sits there and does absolutely nothing.
Except with a savings account, you can get your money back easier.
Oh, and one more thing - you can't naked short banks.
Posts: 2554 | Registered: Nov 2005
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I've heard some people can't even sell at 0001.
