quote:Originally posted by singledadandhappy: Have faith my friends its all we got that is free in this cruel wolrd. Trust me if it were not for it I would not be here today. My wife left me for a married man I went from a 3000 square foot home driving a nice suv to living in a batchelor appartment and two suitcas full of old clothes and ended up bankrupt they live in my house. I got (nada) but thats Ontario's divorce laws . I have faith you have it also and if you don't well move on sell but don't bash this stock please......Thanks
dude! feel the pain...mine own "Big D" wrecked my family. Hurt my kids, crippled me. Still got my youngest at home
Still, as bad as I coud use the dough? Can't see anything positive about this play, other than "double" at bid of .0003
posted
originally posted by Bigrod40: ___________________________________________________________ "Dickinvest, I can't figure out why you spend so much time on PAIM, when your not a shareholder
I do like your imagination though." __________________________________________________________
D.K. Keep up the comedy. At least after selling this peice of tihs for a loss I can still come and get some good laughs on this thread. Any new investors: try and do a liitle DD before throwing any coin in this one. There are too many other good buys out there right now to be waisting time (notice I sad time) in this one IMO. Good luck.
Posts: 50 | From: Maryland | Registered: Apr 2006
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posted
this is exactly what we need ...a gradual increase....no spikes......more and more buys at two....has nothing to do with gold, revenue or anything else pinks have a mind of there own and are a money making business in itself.... this could be a Chit-mine and it wouldnt matter.....the facts are that alot of peeps are interested in this stock/shell...and thats all that matters at this point, and paim will profit from that itself ....thats why they are a in the pinks......its much more simple to take a dollar from a million people than a million dollars from one person.........
Posts: 236 | Registered: Feb 2006
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quote:Originally posted by Raytrader: You're right DK!!! .......$20,000 an ounce sure wouldnt help any GOLD mine would it.......haha
nice try....Im still holdin as Ive done for a LONG time now
How many ounces of gold has PAIM extracted and sold my friend?
BTW DK......gold prices of $650 USD/ounce the 6 bars of raw gold bullion (approx. 93% Au) are worth $143,750.1 USD. These 6 bars of raw gold bullion (approx. 93% Au) will be sold very shortly at a branch of a Japanese bank in Manila, the proceeds to be used to fund an expansion of mining production at the XYZ mine.
perhaps that will answer your irelavent question
Posts: 236 | Registered: Feb 2006
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posted
Did you guys forget that PAIM is run by multi-convicted fraudsters and con artists??
Dominion of Melchizedek
The so-called Dominion of Melchizedek (hereinafter "DoM") is a fake nation which exists only in cyberspace, or in the literature and actions of the scam artists who perpetrate this fraud. There is no real Dominion of Melchizedek, but this doesn't stop the scammers from selling utterly worthless bank licenses for tens-of-thousands of dollars.
The DoM attempts to hold itself out as some sort of quasi-religious body, even to the point of having its own version of the Bible. But for all their self-righteousness, the truth is that the DoM not only commits fraud, but also materially facilitates the fraud of others by creating phony banks, stock exchanges, arbitration forums, etc., in an attempt to give some illusory legitimacy to criminals who are directly defrauding the public by way of pyramid-scheme bank debenture scams and other criminal schemes.
Those of you wanting a chuckle at the creativity of some crooks can visit the DoM's website at http://www.melchizedek.com But first you should should read some of the passages which follow which tell you the truth about the DoM and is reputed founders. Just so there is no uncertainty: It is our opinion that the Dominion of Melchizedek is a criminal scam.
Excerpts of Presentation of Mr. John Shockey, Former Special Assistant, U.S. Comptroller of the Currency, to the 4th International Financial Fraud Convention in London, May 27, 1999: "I'm going to provide some detail on a major international fraud which has been perpetrated worldwide since 1990. Obviously, the primary criminals involved have not yet been thwarted. Over the years I have been responding to requests from the news media for interviews about this international fraud. Public disclosure which followed include articles in Forbes Magazine, London Times, Washington Post, Wall Street Journal, Jewish World, ICC Commercial Crime Bureau and Australia TV. I have written warning alerts sent to the financial community.
"What is this phenomenon? It is the Dominion of Melchizedek (DOM), a fictitious country created by a father/son conspiracy who are multi-convicted felons named David and Mark Pedley."
"The father, David Pedley and Mark, came to my attention in the early 1980s at which time I was assisting the FBI in their investigation of a land fraud. The result was an indictment and trial in 1983 which convicted Mark Pedley. At that time, the father was incarcerated in a Mexican jail relative to operating a scam converting pesos into dollars through an offshore shell bank -- a form of money laundering."
"The son, Mark, after serving time on his conviction, again was successfully prosecuted in 1986 on other fraud charges. Shortly thereafter, the father reportedly died in the Mexican prison and his body said shipped back to the U.S. No confirmation of the death occurred and I, among many others, believe that he is still alive, in the U.S., and is the architect of the DOM."
"The DOM is a fraud, a major fraud, and not a legitimate sovereign entity. Persons associated with the Dominion of Melchizedek have been indicted and convicted of a variety of crimes."
"In examining this scam keep in mind that deception is fraud. The first deception is the creation of a phony sovereign country. The first address was Malpelo, an uninhabited island under water half the year, and owned by the country of Colombia. Public disclosure of this fact caused a change of address to the Antarctica. Several changes since have occurred with the most recent address an uninhabited atoll owned by the Republic of the Marshall Islands."
"They are always looking for a remote landmass that nobody will challenge their ownership of. Perhaps next they will claim ownership to the lost continent of Atlantis."
"Melchizedek first came to my attention in June 1990, a few months after Mark Pedley was paroled from a 1986 conviction. Inquiries were received concerning bank names: Banco de Asia, Guardian Savings & Guaranty and Express Bank among others. Investigations that these entities had bank charters from the DOM and obtained through an entity named Consortium Finance Corporation headquartered in Lake Tahoe, California. Further investigation disclosed a principal alternately named John Hayden and Branch Vinedresser. Shortly thereafter the FBI took Branch Vinedresser into custody and revealed that he was Mark Pedley, who then was charged with violations of his parole."
"In a short time frame, other Melchizedek entities came to light. Pedley created International Auditors, a purported firm of chartered accountants which provided glowing financial reports of other DOM entities. The Washington DC telephone book showed a listing under Embassies for The Embassy of Melchizedek. Other fraudsters came into the fold and promoted various scams under the umbrella of DOM."
"Fraudulent operations disclosed included taking deposits, issuing worthless guaranties and loan commitments, verifying and authenticating values of other DOM entities which, among other activities, was the issuance of hundreds of millions of dollars of worthless debt instruments. Some of these instruments reportedly were used as collateral to obtain real money loans and were exchanged in several brokerage houses for real value securities."
"Promoting a phony sovereign country provides diversified opportunities to engage in fraudulent activities. One's imagination of the various types of fraud possible has become a reality with DOM. A phony government consisting of fraudsters creates phony citizenships, ambassadorships, embassy and legation offices, issues diplomatic passports, registers financial aid, grants business licenses, creates a stock exchange, etc., etc., etc. -- all phony. However, each facet of this operation is a source which generates substantial illegal income."
"Addresses used, including the fake 'Embassy' still situated in Washington DC, are mail drops and answering services. Contact with these addresses is passed immediately to Pedley, who is in California. But this is not a covert scam. Pedley, who now calls himself Tzemach Ben David Netzer Korem, makes himself available to all seeking information about DOM. Also available is his 'cosmic wife', a Philippine woman now named Pearlasia who happens to be the current President of DOM. They have a website which (falsely) describes in great detail DOM as a sovereign country with world-wide tentacles. Although clothed in a facade of religious respectability, proper due diligence can easily penetrate this veil."
"Victims revealed over the years are world-wide. Within the last year, victims in the Phillippines were conned out of in excess of $1 million on the scam by the DOM providing bogus DOM citizenship papers, official DOM passports to travel out of the country to pursue high-paid employment -- all phony. And then there is the sublime: Among various documents there are DOM letters advocating peace sent to Iraq (personally address to Saddam) and to Kosovo. Yet another document cites DOM declaring War on France for nuclear testing."
Melchizedek Founded by Convicts, According to The Washington Post, "The Ruse that Roared", 5 November 1995
"Its founder, a Californian named Mark Logan Pedley, has two swindling convictions.
"William Barrett of Forbes magazine exposed Melchizedek in a January 1991 report titled 'Father of His Country,' which tracked the global dealings of the elusive Branch Vinedresser, also known as Mark Logan Pedley. Back then, 'ambassador' Vinedresser claimed to own the island of Malpelo, 300 miles off the Pacific coast of Colombia -- never mind that the island belongs to Colombia.
"After the Forbes report, Pedley landed in the hoosegow in California for parole violations. He had been a codefendant with his father, David, in a Mexican peso conversion swindle. Pedley Sr. had a record of four convictions, including stock fraud.
"David Pedley is reported to have died in Mexico in 1987 -- but the body was never identified upon arrival in the United States. The Pedley family refused to let FBI agents fingerprint the corpse at the closed-casket ceremony. Some officials suspect that body in the casket was not in fact David Pedley's -- and that the elder man is still doing business somewhere."
Melchizedek's Claims to Legitimacy: Melchizedek claims that it is a real nation, with real property, and has been recognized by several major governments.
The Truth: Melchizedek has failed to either name the "major governments" which allegedly recognized it, or else specify just how this "recognition" has come about. Melchizedek has apparently obtained some sort of recognition from some smaller states (which may or may not still exist as of the date of this writing), all of which are notable for their corruption. Claims that the DoM has received recognition from any major government are purely lies.
Melchizedek similarly notes that it has "acceded" to various treaties. Please note that this is different than saying that it is a party to these treaties -- "acceding" in this sense means a unilateral act by Melchizedek. We could "accede" to the Rules of the National Football League, but that wouldn't mean we could play the Bears on Sunday or that the NFL would recognize us.
As for property, Melchizedek claims certain islands in the Pacific, but unfortunately there were either at or so close to the nearby French nuclear weapons test site that Melchizedek felt compelled to issue a Declaration of War directed to the French government (although this is still a "cold war", no doubt largely because the French have yet to hear about it, or about Melchizedek for that matter). Oh, and there is the (unsubstantiated) claim to a large portion of Antarctica.
The Washington Post addressed these claims, including Melchizedek's claims to have a "Treaty" with the amorphous "Ruthenian Peoples" in its excellent article: The Washington Post, "The Ruse that Roared", 5 November 1995.
"The Ruthenians, being Ruthenian, were a bit difficult to locate. Several hundred thousand of them -- now usually called Carpatho-Rusyns -- are dispersed throughout Ukraine, Slovakia, Poland, Yugoslavia and Hungary. Eventually we found an esteemed expert: Prof. Paul Robert Magocsi, head of the Carpatho-Rusyn Research Center in Vermont and representative to the World Congress of Rusyns. 'In a word, it's silly,' Magocsi said of the supposed alliance with Melchizedek.
"'It's all news to me,' said a spokesman for the State Department's Office of the Geographer and Global Issues. He proceeded to express considerable doubt about Melchizedek's claims to any territory -- including Karitane island, which, Korem says, lies some 1,200 miles southeast of New Caledonia and was bought from the Kingdom of Polynesia.
"Make that the alleged Kingdom of Polynesia -- it does not appear on any list of nations, independent states or dependencies. 'There's no such kingdom that would have any recognition by anybody,' said the official.
"Obviously, Melchizedek craves legitimacy. But so far, only one government has given it any diplomatic recognition: The Central African Republic.
"Included in Melchizedek's eagerly-supplied kit of governmental bona fides is a copy of a 1993 letter from the president of the Central African Republic formally recognizing the Dominion and inviting it to open a diplomatic mission there. You get the feeling that the Central African Republic would recognize the State of Denial if it had a letterhead."
Melchizedek's Claims Regarding its Banking System: The "combined net asset value" of all Dominion of Melchizedek banks exceeds US$25 billion dollars.
The Truth: Melchizedek provides no proof for this claim, and it is fantastic and bizarre considering that there are no (real) Melchizedek banks. Again, the Washington Post: The Washington Post, "The Ruse that Roared", 5 November 1995:
"Its president, a woman who goes by the names Mz. Pearlasia and Elvira G. Gamboa, was successfully sued by the California State Banking Department to prevent her from representing herself as a banker there.
* * *
"Melchizedek says its several hundred banks hold a 'net asset value' of $25 billion, yet President Pearlasia remains in arrears to the state of California, having failed to pay a court-imposed sanction of $1,431.90 for her 'bad-faith actions' related to the lawsuit.
"From Canada to Mexico, London to Hong Kong, financial entities and individuals connected to Melchizedek have drawn the attention of banking and investment regulators.
"Officials say the Dominion was concocted to issue bogus banking charters; [John Shockey, head of the fraud unit in the office of the U.S. Comptroller of the Currency] routinely issues warnings that U.S. banks should not process any checks or drafts drawn on Melchizedek banks.
"In Hong Kong this summer, a judge sentenced a young Austrian baker to six months in jail for attempting to cash checks totaling $500,000, drawn on the Asia Pacific Bank of Melchizedek. The baker called himself Crown Prince Gerald-Dennis Sayn-Wittgenstein-Hohenstein and held a diplomatic passport as Melchizedek's 'ambassador at large.' According to an account in the South China Morning Post, the judge dismissed the idea that the whole thing was a joke, saying, 'A fraud on the banking system of Hong Kong is a very serious business.'"
Melchizedek's Claim Regarding Corporation or Trust Formation: For $1,000 you can form a Melchizedek corporation or trust.
The Truth: However, to do this you must sign what amounts to a waiver which states: "The applicant understands that the Dominion of Melchizedek can accept no responsibility for the position of any foreign government in regard to [Dominion of Melchizedek] documents." In other words, even Melchizedek realizes that foreign governments will not recognize their corporations or trusts. Enough said!
No U.S. court (state or federal) has ever recognized any DoM trust, corporation, bank, judgment, or anything else having to do with the DoM!
Reality
Despite bizarre claims, such as to have a treaty with the "Ruthenian People", Melchizedek doesn't exist.
No major nation recognizes Melchizedek or can be expected to do so in the near or even distant future. It is difficult to imagine a more complete waste of time and money than to associate with the Dominion of Melchizedek.
"It's a con artists' operation through and through," declares John Shockey, head of the fraud unit in the office of the U.S. Comptroller of the Currency. "It's a phony bank, a phony country, a phony dominion -- the whole thing's a phony." Washington Post: "The Ruse that Roared", 5 November 1995.
Offshore Alert, 30 June 1998:
"As alleged frauds go, it would be hard to conceive of anything more audacious than creating your own phony country, promoting it as a major offshore financial center and charging people for bank and insurance licenses, IBCs, trusts and even bar qualifications. And why not throw in an 'international stock exchange' with several listings of fake companies with fake trading, all displayed on an elaborate web-site? Yet that's exactly what the people behind the Dominion of Melchizedek appear to have done, with some apparent success, judging from the fact that the Office of the Comptroller of the Currency in the US has had to go so far as to warn people not to do business with any 'banks' claiming to be based in DOM, as the 'country' is known, and has closed down DOM 'banks' operating in the US, including at least one from an address on Wall Street."
"In Hong Kong this year, an Austrian baker who tried to cash checks totaling $500,000 drawn on Asia Pacific Bank of Melchizedek was jailed for six months for fraud. According to US press reports, DOM was invented by convicted swindler Mark Logan Pedley of California, who may have since faked his own death. Anyone wishing to see the amount of work gone into creating the Melchizedek illusion should visit www.melchizedek.com, which is a website registered to David Korem of Foster City, California."
-- Offshore Alert, 30 June 1998 Edition, at p. 9.
- and -
Forbes, Father of His Country. (Branch Vinedresser), 7 January 1991
Insurance Commissioner Elton Bomer has issued a cease-and-desist order halting an unlicensed Houston guaranty bond operation headed by a man claiming to be ex-president of the fictitious Dominion of Melchizedek.
"Investigators for the Texas Department of Insurance's Fraud Unit have been unable to locate any legitimate country under the title Dominion of Melchizedek," Bomer said. "Besides shutting down this operation, TDI is turning over all information on the case to the proper legal authorities."
The order targets Leon Excalibur Hooten III, Lifeguard Reinsurance Ltd., Lifeguard BanCorp Ltd. and Hooten Enterprises. The parties all operated out of 5870 Highway 6, Suite 209, Houston. Lifeguard Reinsurance is registered as an insurer in New Zealand, but none of the parties is licensed to sell insurance in Texas.
Bomer's action was recommended by a State Office of Administrative Hearings administrative law judge who held a hearing in the case. Neither Hooten nor attorneys representing him or his companies appeared for that hearing.
Bomer's order listed various payments or invoices for bid bonds and payment and performance bonds sold by the Houston operation to companies in Arizona, North Carolina, Ohio, California, Georgia and Florida. TDI's Fraud Unit estimated the operation collected more than $145,000 in premiums for bonds with a total liability of more than $10 million.
One Tempe, Ariz., company paid Lifeguard Bancorp at least $25,070 for bid bonds and payment and performance bonds.
Various types of guaranty bonds are considered insurance subject to Texas Department of Insurance regulation. Bomer's order alleges the unauthorized sale of insurance and misrepresentation of Lifeguard Re's assets.
Misrepresentations of Lifeguard Re's financial condition included an alleged $15 million certificate of deposit from Asia Pacific Bank and $20 million in bonds allegedly issued by St. Charles University of DeQuincy, La.
According to the order: 1) Asia Pacific is not chartered by any recognized authority, apparently has no assets and has been enjoined from transacting business under any name or title using the word "bank." 2) St. Charles University was founded by Hooten and has no assets.
The Department's action was supported by affidavits from federal government officials, including John Shockey, head of the fraud unit of the U.S. Comptroller of the Currency. They stated there is no sovereign country, nation or state named the Dominion of Melchizedek (pronounced mil-KIZ-uh-dek).
In an article run November 5, 1995, the Washington Post cited the Dominion of Melchizedek as a nonexistent country used as a name by various questionable operations. In the article, Shockey called Melchizedek "a phony country, a phony dominion- the whole thing's a phony."
For further information call the Texas Department of Insurance Public Information Office at (512) 463-6425 or send a note to PIO*tdi.state.tx.us
Latest Update
SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 16368 / November 23, 1999
Securities and Exchange Commission v. World Financial & Investment Co., Inc. and Victor M. Wilson, U.S. District Court, E.D.N.Y., No. 99-CIV-7608 (ILG) The Securities and Exchange Commission today filed fraud charges against a Brooklyn lawyer and his investment advisory firm, for their role in a Ponzi Scheme conducted through a supposed bank chartered by the non-existent "Dominion of Melchizedek." Named in the Commission's Complaint filed in the U.S. District Court for the Eastern District of New York are:
Victor M. Wilson, age 47, of Brooklyn, New York; and
World Financial & Investment Co., Inc. ("World Financial"), an investment advisory firm wholly-owned by Wilson that operated from Wilson's Brooklyn law office.
The Complaint alleges as follows:
Acting directly and through "sub-agents" on the Caribbean island of Dominica, Wilson raised approximately $1.2 million from hundreds of investors in the United States and Dominica from March 1997 through April 1998. The money was invested in a so-called "60-40 program" promoted by Credit Bank International Co. ("Credit Bank") and its founder, Roger E. Rosemont. Credit Bank is purportedly chartered in Melchizedek, and Rosemont claimed he was Melchizedek's "ambassador at large" to the Caribbean. In truth, the 60-40 program was a Ponzi scheme, Credit Bank is not a bank, Melchizedek is not a country, and Rosemont is no ambassador.
Wilson received approximately $175,000 in fees for his role in the scheme. He played a central role by soliciting U.S. investors and channeling funds to bank accounts controlled by Rosemont. Wilson told investors that they would obtain returns in excess of 300% to be disbursed over a period of several months. The astronomical returns would purportedly result from profits Rosemont would generate by pooling and reinvesting funds in unspecified financial instruments. The relatively small number of investors who entered the scheme in its early stages obtained tremendous returns, including Wilson himself, who reaped $23,800 in profits from his early investment of $4,166. Most investors, however, received no disbursements and lost all the money they invested.
Wilson promoted the scheme despite receiving strong signals indicating that it was a fraud:
Rosemont told Wilson that he had been arrested on fraud charges in France, where the authorities had frozen his bank accounts;
Rosemont told Wilson that he had been "thrown out of" St. Lucia, an island near Dominica where Rosemont had been promoting the 60-40 program;
A government official in Dominica warned Wilson that Rosemont had a reputation as a "bandit" or "rascal;"
Rosemont refused to provide Wilson with information regarding his or Credit Bank's finances, and Wilson never determined how Rosemont was using the invested funds or generating the supposedly astronomical returns;
In August 1997, Dominica's Minister of Finance publicly warned that the 60-40 program was "a pyramid scheme where the people at the beginning make fantastic returns and the last of the people lose all their money."
Wilson also knew, or recklessly disregarded, that there is no such country as Melchizedek. Before entering into the scheme, Wilson tried unsuccessfully to locate the nation of Melchizedek on a map and in an encyclopedia. He knew from an associate of Rosemont that Melchizedek existed only as an Internet site, www.melchizedek.com. Indeed, since 1991, numerous press reports have identified Melchizedek as a base for fraudulent schemes involving purported bank charters and other bogus corporate documents. There is no recognized governmental authority that actually charters banks in the name of Melchizedek.
Wilson, a U.S. citizen, was born and raised in Dominica. In addition to the many residents of Dominica solicited by Wilson's sub-agents, most of the U.S. investors recruited by Wilson were immigrants from Dominica and other Caribbean islands. With many victims drawn from the same ethnic group, this case is another in a series of "affinity fraud" enforcement actions brought by the Commission. See the Commission's recent investor alert, www.sec.gov/consumer/affinity.htm, which explains how to avoid becoming a victim of an affinity fraud.
The Complaint charges Wilson and World Financial with violations of Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. The Commission seeks permanent injunctions, disgorgement of ill-gotten gains plus prejudgment interest, and civil penalties against both defendants.
If you are approached by an alleged "official" of the Dominion of Melchizedek, you might consider giving those kind folks at your local office of the Federal Bureau of Investigations a call just to let them know that the "official" is doing O.K.
Oh, and if offered be sure to pass on that trip to Karitane!
4/10/96 "Insurance salesman confesses in fraud case" by Bill Lodge. 7/27/96 "Authorities are tracking scam artist" 9/21/96 "Houston man reportedly says he led phony nation" 4/10/97 "18 months added to man's sentence" by Bill Lodge The Houston Chronicle, Archives, search for "Melchizedek" http://www.chron.com/content/archive/
5/22/90 "Member Services in bankruptcy/Chapter 11 ..." by Stephen Rassenfoss 3/2/91 "Reynolds' Premium Resources Trying to Find ...." by Staff Reports 9/20/96 "Executive may have had a role in bizarre scheme" by Bill Mintz 10/12/96 "Hooten, target of FBI probe, dies/ last venture was firm ...." by Bill Mintz South China Morning Post, search for "Melchizedek" http://business.scmp.com/search 11/20/98 - various articles found from search, then the following
11/24/98 "Melchizedek group tries to buy freedom" 11/28/98 "15 banned in passport scam" 11/29/98 "Death penalty plan for Melchizedek" 11/29/98 "Tips for conversing with your foot in your mouth" 12/08/98 "Melchizedek case lawyer seeks deportation" 01/10/99 "Manila to deport barrister" Far Eastern Economic Review, 12/10/98 "Crime: Fantasy Island: Melchizedek passport scam reveals how the Internet can take fraud to new frontiers" by Bertil Lintner in Bangkok
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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And here I thought Mario was going to be the fall guy again. What happened to him? You know, Pearl's OTHER husband? Joking aside, I've seen most of the articles you cite, and I even know a little bit about that saga. But what does that have to do with PAIM? Do you think Pearl has hijacked this Mining Company without their knowledge?
Here's something for you to find, if you want. The whole file is too long to post. For those that want to understand why this endeavor will take time, it's a good read. See any familiar names? ------------------ CONSULTATION WORKSHOP IN THE MINING SECTOR (In Preparation for the 2006 National Manpower Summit) February 15, 2006 Oscar Crispin Conference Hall, 2nd Floor Petrolab Building Mines and Geosciences Bureau (MGB) North Avenue, Quezon City SUMMARY OF PROCEEDINGS Attendance 1. Undersecretary Danilo P. Cruz Department of Labor and Employment Keynote Speaker 2. Ms. Nelia Halcon Exec. Vice President- Chamber of Mines –PAPER PRESENTER 3. Engr. Juancho Pablo Calvez President, Society of Metallurgical Engineers of the Philippines REACTOR 4. Atty. Roberto Padilla President, National Mines and Allied Workers Union (NAMAWU) REACTOR 5. Mr. Levinson Alcantara Institute of Labor Studies DOLE Paper Presenter Participants 1. Usec. Soledad De Castro Minerals Development Council 2. Atty. Crisanto Martinez Lepanto Consolidated Mining 3. Engr. Edilberto Abejar Johnson Gold Mining 4. Mr. Jose Ernesto Villaluna President and Chief Operating Officer, Philex Mining Corp. 5. Atty. Deo Contreras, Jr. Vice-President – Legal/HR Philex Mining Corp. 6. Ms. Martha Lucero HRD Manager, Benguet Corporation 7. Mr. Edwin Castro Project Administrator, QNI Philippines 8. Mr. Noel Ferrer Phelps Dodge Exploration Corporation 9. Engr. Benjamin Obra Platinum Group Metals Corp. 10. Ms. Abegail Dormitorio Pearl Asia Mining Industry 11. Mr. Ariel Caleon -do- 12. Mr. Ricardo Bernardo -do- 13. Atty. Constantine Noriega, Jr. HR and Admin. Services Officer Natural Resources Mining Dev’t Corp 14. Mr. Rey Maglente HR and Services Manager, Sagittarius Mines, Inc. 2 15. Mr. Cyrus Tuazon Lands Manager, MRL Gold Phils.Inc. 16. Mr. Jess Valledor, Jr. Administrative Officer, Atlas Consolidated Mining 17 Ms. Ma. Teresa Ignacio MSU-Iligan Institute of Technology 18. Mr. Juan Lopega NAMAWU 19. Mr. Ernie Rodriguez President, Philippine Mining Safety and Environment Association (PMSEA) 20. Engr. Ralf Ante Board Of Mettalurgical Engineers, PRC 21. Engr. Enrico Nera Member, Board of Mettallurgical Engineers, PRC 22. Engr. Pete Rudio Philippine Society of Mining Engineers 23. Engr. Emmanuel B. Tamesis Chairman, Board of Geology 24. Mr. Jessie Pagaran Philips APSTEU-ALU 25. Mr. Bernardo Carino, Jr. -do- 26. Mr. Julius Nakihid -do- 27. Mr. Francis Awisan -do- 28. Mr. Ray Villones Geological Society of the Phils. 29. Ms. Teresa Manalac Mines and Geosciences Bureau- MGB-DENR 30. Ms. Rose Imperial -do- 31. Ms. Vernadette de Guzman -do- 32. Engr. Vicente Madamba -do- 33. Ms. Violeta Estoya CHED 34. Dir. Felixberta Romero POEA 35. Mr. Pablo Gorriceta TESDA 36. Mr. Leonardo Durante -do- 37. Mr. Zoilo Galang -do- 38. Dr. Pablito Ong Mapua Institute of Technology 39. Ms. Eligia Clemente UP College of Engineering Organizer 1. Director Ma. Luisa Gigette Imperial BLE- DOLE 2. Director Ana Dione BRW-DOLE 3. Jose Sandoval ESRD-BLE 4. Milagros Oliva ESRD-BLE 5. Corrie Tagra ESRD-BLE 6. Adelina de Castro ILS-DOLE 7. Rolando Abadilla ILS-DOLE 3 Program Proper 1. The Consultation-Workshop started at about 9:20 a.m. Participants to the workshop came from the employers group led by the Chamber of Mines, workers group led by the NAMAWU and APSTEU-ALU, professional groups, Board of Metallurgical Engineering, Board of Geology, selected government agencies, and the academe. 2. DOLE Undersecretary Danilo P. Cruz delivered the opening and welcome remarks. In his speech, he explained the rationale behind the workshop and the culminating activity which is the 2006 National Manpower Summit, with the goal to focus attention of all concerned on the need to generate the right workers. He said that it is not just generating jobs per se, but generating the right workers for these jobs. Adding that only then can we say that we have generated quality employment. In meeting this challenge, the DOLE is willing to tie up with its social partners represented in the workshop. In closing, he urged the participants to undertake continuous efforts to understand the industry’s and workers’ needs and to create opportunities for our workers to meet the ever-changing skills and capability demands while at the same time, harmonizing it with our commitments to promote social equity, environmental preservation and sustainable development, and the relevant laws governing the industry. Paper Presentation 1. The paper presenter, Ms. Nelia Halcon, Executive Vice President of the Chamber of Mines of the Philippines, gave a comprehensive overview of the state of the Philippine Mining Industry starting with the profile of the mining industry; its historic background, recent developments, the composition of the industry, employment situation, job prospects for the next five years and the manpower supply side. Her paper shows that from 2006 to 2010, the private sector forecasts 75,000 jobs while the MGB job generation projection for the same period is 37,454. On the supply side, data on graduates for the past five years (2001 – 2005) show that there were 144 in Geology, 58 in Mining Engineering, and 201 in Metallurgical Engineering or a total of 546, which is way below the demand if the same figure is true for the next five years. She likewise enumerated the issues and concerns and her insights and recommendations, to wit: (cont.)
posted
The whole thing looks a lot prettier in it's original PDF format anyway.
Max made a boo-boo, and Sniper? Checking on that tonight.
You know, shorts can cover for cheap now, or... Doesn't really matter to me.
I will repeat what I stated earlier for the sake of newbies... this stock is extremely high-risk. And adding... do not tie up needed capital in this, it will take time.
posted
BuyTex, In sniper's case, correct copy. I don't believe sniper is protecting a short position on PAIM. Thought I would mention that, since I refer to shorts in my post.
People know about PAIM. A lot. Dont think they dont.
Remember, there are 1000s that wont buy PAIM at .0001 now. But they will buy at .01 later. Use em up.
Posts: 167 | From: Dallas | Registered: May 2006
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posted
What boo boo did I make? You talking about me? I am not a basher. I just know that the time to play this is later in the year. I will not put a CENT into it until after June 15th. People MAY not lose anything in the "buy back," But they aren't gonna gain anything either, unless they are just playing it for a quick flip on a small run. But the danger is that you may not get out before it is too late. I won't debate it again, but I am convinced that the "buy back" is a R/S. I know the pumpers don't agree, but we will all see after June 15th. If it is a R/S, a lot of people are gonna lose their panties.
quote:Originally posted by TickTrader: The whole thing looks a lot prettier in it's original PDF format anyway.
Max made a boo-boo, and Sniper? Checking on that tonight.
You know, shorts can cover for cheap now, or... Doesn't really matter to me.
I will repeat what I stated earlier for the sake of newbies... this stock is extremely high-risk. And adding... do not tie up needed capital in this, it will take time.
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We feel this stock pick is very UNDERVALUED! This Company is a SLEEPING GIANT ready to be AWOKEN.
$$ HOT PICK OF THE WEEK $$
Stock Alert! = Pearl Asian Mining Ticker Symbol = PAIM Sector: Basic Materials Industry: Gold Website = www.pearlasianmining.com Short Term Target Price = $0.0015 Disclosure = We Own Shares Recommendation = MEGA BONUS BUY !!!
Information To Consider
1.Pearl Asian is a developmental and pre-production stage gold mining company with mining interests and claims in the Philippines and Canada.
2. Pearl Asian Mining Industries, Inc. Will buy back approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture.
3.Pearl Asian Mining Industries Inc. (PAIM) SqueezeTrigger Price Is $0.00022
4.Pearl Asian Mining Industries, Inc. Starts Exclusive Mining Operation, Gold Purchasing & Mineral Processing Agreement With One of Mindanao's Local Tribes.
ACCUMULATION ACCUMULATION.........is the Key Word
Posts: 6 | Registered: May 2006
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posted
By HEIDI VOGT, Associated Press Writer Fri May 12, 5:21 PM ET
DAKAR, Senegal - With oil soaring to new highs and the U.S. dollar back down, investors are looking to the usual haven: gold.
Prices for gold, much of it mined in Africa, are hitting new 26-year highs, letting mining companies post surging revenue as they search for new ways to extract every nugget from the ground. Yet they say they can't substantially increase production — a limitation that could keep prices high for years.
Compared to oil, increasing gold supply is a much more costly — and lengthy — process.
"Gold mining is not the kind of situation where just because of the higher price you can turn on the tap and get more gold the next day," said Vince Borg, a spokesman for Barrick Gold Corp. — the world's largest gold producer.
Newmont Mining Corp. President Pierre Lassonde said the company would need two to three years to increase exploration and cannot quickly increase supply at existing mines.
"We wouldn't change our budget based on six months of price movement," Lassonde said by e-mail.
Gold has jumped from about $450 an ounce in November to $732 in electronic trading Friday on the New York Mercatile Exchange, a surge analysts attribute to investors looking for a safe asset amid worries about Iran's nuclear program, a weak dollar, and inflation tied to high oil prices.
A.G. Edwards analyst Dan Vaught said the price tends to be driven by investor beliefs about the stability of financial markets.
"If you think the world's going to end, you buy gold," Vaught said. "It protects against a major breakdown in equity markets."
Jeffrey Christian, managing director of commodities research firm CPM Group, said the investor-driven model means prices could also dive quickly if political tides shift — regardless of actual demand for the metal.
"Gold prices can stay high as long as the world seems to be going toward World War III," Christian said. "If investors decided that the world was becoming a less treacherous place, gold could fall very sharply." He said that jewelry demand for gold has actually shown signs of weakening as the metal has gotten more expensive.
But right now, mining companies say they're optimistic that the difficulty of increasing overall gold supply can keep those soaring prices high.
"Demand is strong yet there is no ability to increase production," said Lassonde, who predicted that gold will top $850 in the next 12 to 18 months.
Mine production in 2005 was only 1 percent higher than in 2004, despite a number of new mines in recent years, according to the World Gold Council, an industry group.
Johannesburg-based Anglogold Ashanti Ltd., one of the world's largest producers, said in March that its production actually declined in the first quarter, dropping 10 percent to 1.34 million ounces because of lower ore grades and fewer production shifts. The company has predicted that its 2006 production will be slightly lower than in 2005.
Mining companies have a plan for every deposit that is "fairly inelastic," said Desjardins analyst Michael Fowler. "That doesn't change much with the gold price."
The high cost of excavation, Christian said, is a key difference between gold and black gold.
"Once you've discovered an oil field, the cost of bringing it in is very low," Christian said. "If you look at the gold industry, it's the exact opposite. Once you've found it, you have to build a mine."
Mining and trucking out ore also consumes a substantial amount of fuel, said Barrick's Borg. "Higher oil prices have meant higher costs of operations," he said.
More expensive steel and tires also threaten to cut into mining companies' profit margins — though those costs have so far been offset by the skyrocketing gold price.
"Our margins have expanded," Borg said. "But nonetheless our costs have gone up." Barrick said last week that its earnings tripled in the January-March quarter from a year ago, citing the surge in selling prices and added production from its $10 billion acquisition of Placer Dome.
Mining stocks have climbed along with the price of gold: Barrick shares are up more than 20 percent for the year, while Anglogold is up about 15 percent and Newmont about 9 percent. American depositary shares of Australian miner Rio Tinto Group have jumped 35 percent this year. In Friday trading, all saw their shares slip about 3 percent.
Fowler cautioned that mining companies' existing operations won't necessarily rake in record profits from the price surge.
"It's not such a cash-rich industry," he said. "I would expect that we'll start to see mergers and acquisitions happen. We've seen some; I think we're going to see more."
Barrick became the largest gold producer just three months ago with its purchase of Placer Dome, which followed on Toronto-based Goldcorp Inc.'s acquisition of Wheaton River in 2005. Barrick Friday closed on the sale of $1.6 billion in Placer Dome assets to Goldcorp, including four mines.
Still, the higher prices are giving companies more options. Fowler said it is now profitable to mine lower-grade ore that might have been left in the ground a couple years ago. And Anglogold said it is considering extending the life of some of its South African mines.
"There are gold deposits as deep as five kilometers (three miles) underground," spokesman Steve Lenahan said. He said Anglogold's research has shown that it would be viable to dig that deep "in a certain type of price environment."
He did not say what price would make such a dig realistic, but did say the company is seriously considering the project. Anglogold Ashanti already operates the world's deepest mine at three and half kilometers (just over two miles).
Meanwhile, Newmont expects to start producing gold from a 621-square-mile mine outside of Ghana's capital of Accra in the second half of this year and Barrick is increasing its exploration budget.
But Barrick and Anglogold caution that any expansions won't take effect for years.
Metal prices seem set to remain volatile, said A.G. Edwards' Vaught. "Where gold prices might stabilize or how high they might go, there's no knowing."
Posts: 167 | From: Dallas | Registered: May 2006
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posted
All pinks are scams. Thats why they are on the pinksheets. None of these companies really exist. Endless postings about scams are a waste of time. If PAIM goes up there will be huge profits for all. All the folks buying PAIM at 0.01 wont know or care about scams, only gold.
scam scam scam scam scam scam scam scam scam
No one cares. All scams blah blah blah.
"Theres nothing better than a good scam."
Posts: 167 | From: Dallas | Registered: May 2006
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Publisher's Notebook: U.S. Economic Meltdown? Tuesday, May 9, 2006 By Darin Diehl
SH: In past years, you have written about the concept of crisis investing. Are we in that kind of environment again now?
DC: Well, it's a question of the long-term and the short-term trends. The longest-term trend in existence is increasing prosperity. But within that long-term trend of history, there are periods that tend to be much shorter in time but very sharp in degree, when things get much, much worse very quickly. I think we are entering into one of those times now. This is because of government action. I am an ultra capitalist. To me the best society is the freest society, both economically and socially. And it seems to me that the United States in particular is on a slippery slope away from that. I don't see any way around an economic catastrophe.
SH: What sort of economic catastrophe?
DC: I think things could get very, very bad indeed. Worse than the 1930s. But different from the 1930s. The 1930s depression was characterized by deflation. This depression is more likely to be characterized by very high levels of inflation. There are trillions of U.S. dollars floating around outside the boarders of the U.S. These are essentially unsecured liabilities of the U.S. government. At some point foreigners are going to see that there are more of these things than the Americans can possibly redeem with anything-forget about gold. So, at some point they'll say, "we better dump our dollars before the other guy does." That's why gold has been going up.
SH: Has the train left the station for gold, oil, natural resources investing?
DC: Well, on the one hand, I was much more comfortable buying gold five years ago than I am today. Back then nobody was interested in gold. It was at the end of a 20-plus-year bear market. It had lost something like 90% of its value in real terms, falling from a high of over $800 down to $250. So I'm more comfortable buying at bottoms when nobody is looking at it. But on the other hand, you have to recognize that in the last five years gold has just more than doubled. If it were to reach the peak that it was at in 1980, and I think it'll go far beyond that peak, it would have to be about $2,100 in today's dollars. And there are a lot of reasons why I see gold going much higher. I think that eventually, within another generation, it's going to be used as money again in actual day-to-day commerce-much as it was before 1933. So to answer the question, I'm not as comfortable now as I was five years ago, but I'm still quite comfortable buying it because the public is really not yet involved in buying gold.
Posts: 167 | From: Dallas | Registered: May 2006
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posted
you guys are funny...the company's CEO is the wife of a father/son team of conartists that have links to other conartists ie, mario pino, sandy winnick....yet you guys still want to give them your money
would you guys go buy a car from a dealership where 20 of your friends did and they all turned out to be lemons?
i wouldn't put more than $100 in at .0001 just as a lottery ticket
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
not when the stock is halted and the SEC finally catches up to these crooks
you're just pumping because you own 100m shares
paim is going NO WHERE
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
sniper, it took a .021 second looksee to find the webpage. Do you copy this?
"...All rights reserved. No portion of this website may be reprinted in whole or in part without the express, written permission of..."
Not that I care, but give credit for bad copy and opinion to whoever credit is due (good copy, too).
I don't get you guys, so I'll just sit back and wait. If I had reason to believe that Pearl Asian Mining was nonexistent, I would be pounding on the SEC's door - halt or no halt.
Why do I go with the local company? Why not the big dogs with the money? Because there is a history of 'inviting' foreigners to leave the country. Can't say that I blame them.
posted
I got the article from quatloo, which is a website that specializes in uncovering online fraud.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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I wonder how old the data is on this. For those of us who hold BKMP as well, bkmp doesn't even show up on the scale, but the old ticker of FCDH does...so it begs the question of exactly how risky is PAIM currently!?
Posts: 58 | From: South Florida | Registered: Dec 2005
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posted
Hey everyone! I've had a buy on this since this morning * 0.0001, it hasn't been filled all day, is it really that hard to get into this? I noticed the volume is always very large.
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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quote:Originally posted by Wit: Hey everyone! I've had a buy on this since this morning * 0.0001, it hasn't been filled all day, is it really that hard to get into this? I noticed the volume is always very large.
Let me ask you something - Why do you want to buy this? Have you not done your DD?
Posts: 2554 | Registered: Nov 2005
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quote:Originally posted by Wit: Hey everyone! I've had a buy on this since this morning * 0.0001, it hasn't been filled all day, is it really that hard to get into this? I noticed the volume is always very large.
Just wait until you get fed up and try to sell!!! It will take much longer. Do your DD and you can find something better to throw your money in. I think Kmart has a sale on trash cans!!lol
Posts: 2132 | Registered: Sep 2004
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