quote:Originally posted by WWF: Sith, I'm not a dk fan but how did you tie him to naked shorting?? Where's the evidence?
I have been having deep insights lately into these boards, pinks, and the endless losses all suffer.
But it was the PAIV fiasco which gave the absolute proof.
After the PAIV fiasco exploded, a lot of new posters showed up, many who claimed to have been shorting PAIV and then been slapped with margin calls up to $1,000,000 or more. These people shorted PAIV down to like .0005 after it began trading, but then ameritrade realized their mistake in that PAIV is restricted and illegal to trade at all. Every trade is therefore an SEC violation, assuming they care (they dont). PAIV shot up to 99 giving the shorts 2000% losses or more.
Fact: public traders like me are not allowed to short penny stocks as per SEC rules. Therefore, these new people, and im guessing many more, are in fact market makers who lurk on these boards, or post, in order to find or create "pops" which are short targets.
Newbies beware: you are being totally scammed.
Posts: 298 | Registered: May 2006
| IP: Logged |
1. I bash PAIM because it is too easy, and it is my way of having fun. 2. I am an ordinary trader just like you. I have a Scottrade account. 3. I am not a new poster...if you did some research on allstocks, you would see I have been posting regularly since March. 4. I do not have a short position in PAIM 5. I do not have a short position in PAIV
Relax dude, and stop being so paranoid.
Posts: 2554 | Registered: Nov 2005
| IP: Logged |
posted
Obviously theres a motive behind DicknVest constant bashing { with funny pictures & never facts } . But many here are far to inteligent to pay attention to the clown .He needs to spend more time studying and positioning himself in low risk , high potential gain ,short term movers w/ longer term capability like PAIM .
Those that did not get in paim -------------->
Those that will amaze at it soaring --------->
Those that own paim & prosper ------------>
DK .....asking himself " why did I bash " --->
It's not to late DK ....if your shorting paim { then get out of your short position } and join the PAIM gang . If your just an idiot basher ....Well ..eat fish I guess and move up to the brain level of a retarded monkey on drugs .
Good god I'm witty !
Posts: 365 | From: redlands | Registered: Mar 2006
| IP: Logged |
posted
I apologize guys, I guess if I was currently holding PAIM, I would also be a little edgy, since a 10:1 reverse split was coming. Posts: 2554 | Registered: Nov 2005
| IP: Logged |
posted
Welll well well ......and what do we have here ....
The little basher came in .......
Their laughing at you Dik n vest ...can't you hear them
Now grab a cookie & and glass of milk and study stocks . As I see it it ....you need to ...if you are passing up this cheap share price on paim then you have a lot to learn about instrinsic value .
Focuss ...focuss here little man .....less energy on bashing and more on seeing the facts in front of you .
Every penny stock I ever made bank on was bashed by little men like you . That's how smart men like me are able to buy them at such low prices ....So I thank you little man .......Keep the price down for now so I can keep getting more cheap shares .
I have already made bucks on paim ....Bought originally when being bashed hard before divi's at .0001 and sold at .0003 and hold major divi's and free common shares .But now it is time to buy at .0001 and hold .....
There is no way I am wrong on this
I made bank on usxp , efsf , wbrs , dcbi , vwkm , awbv , jysr and paim for short term gain but now hold free shares aswell for long term . But I have been buying back in paim big time as it has to many things going for it now . This is just to easy .....it's right infront of us and anyone can buy it at .0001 & .0002 ......
Just to easy ..EVERY stock I bought at this price that was heavily bashed made me bank and free shares .But this one has more going for it ..All it takes is time now ...and who does not have that .
And if you bothered to notice ..regarding your socalled " R/S " it says share holders of june 1st are" ENTITLED TO ".....
I'm just pointing out those things that seem to elude you " THE FACTS " .
posted
Whatever dude...just keep your money in PAIM and watch it do absolutely nothing until they prove themselves as a legit company, which that could be a LONG time.
Posts: 2554 | Registered: Nov 2005
| IP: Logged |
posted
Right ..exactly .....and the unexpected goes in two different directions .
Look at usxp ..many are still bashing it ...yet it's going up
And obviousy it would ... it is an extremely watched stock as many are waiting to get into it ...But investors want the traders out first . USXP & RSHN are the two stocks on this board that can explode to over a dollar in a wink .
Well it looks like you and I are not going anywhere .
We are here to stay ..and that means time will prove who is right ...
Prepare to kiss my feet Posts: 365 | From: redlands | Registered: Mar 2006
| IP: Logged |
quote:Originally posted by dkinvest: You need some Zoloft dude. lol
Actually, Efexor is better. Now Everytime time I look at a bridge, I just skip across instead of stopping awhile.
Posts: 395 | From: algonquin,il,usa | Registered: Sep 2004
| IP: Logged |
posted
i still hold about a million shares, and my preferred stocks, and all i know is this stock has been getting volume for awhile now....at .0001 you really don't have alot of risk...the upside is tremendous though( if you thumb through all the pennies sitting at .0001 this has to be ONE of the BEST plays...yes its a long but spending $50, 100, 200 bucks to grab some shares could pay off HUGE...my next good gainer and i will buy another million shares or so just to have.....if i have to wait 6 months, 1 year+; as long as steady volume continues you can re-exit for your broker fee...Not Much Too Lose....if it doesn't pan out, no crying here !!! who on this board hasn't had a stock fall $200 or more in a day and sell at a loss , EVERYONE !
Point is the cost/risk factor versus the potential gains!!! Anyone have other stocks at .0001 with this much volume and potential ???
posted
Yes ...inteligence in the thread ....You are very right ohio .
And " dkinvest " ....is this guy a comedian or what ?
look what he wrote just above you ...He's trying to sway people who are holding paim to sell ...Obviously trying to harrass and frustrate people to think that it's a bad stock ..At first I thoought he was just funny ..With the picture of the sinking ship and all { that he posted } ..but his bashing is so constant I wonder now if he might actually work for someone or group involed with trying to hurt the paim price .
No point in making it a personal battle for a penny stock! On these boards, people will bash , pump, make you doubt, place fear and so forth and so on. Paim is worth the risk! as they say High risk/high reward, You don't want to take the risk, noone twists our arm!
I hold 5 mil on this stock for the long haul and will follow this saga to the end. If I make money, great ... if not, great! I learn thru my due diligence and information from investors like yourself and many others. Those that have nothing interesting to say or something negative, I verify, analyze and move on. My decision becomes my own.
As you said, expect the unexpected like USXP and RSHN. You make money, you lose money, the back and forth dance is just entertainment. If by chance I lose money on Paim, life will still go on and I'll survive. On the other hand if I make bank on Paim, I'll invite you on my yatch called "Paim no more". Of course bought with my Paim free money GLTA and always invest smart...leave emotions out of the equation.
Posts: 38 | From: FLORIDA | Registered: May 2006
| IP: Logged |
posted
Looks like gold production is going to start earlier than originally thought.
"Operation Cagayan de Oro" will be an immediate revenue-making mine, with an initial gold buying and selling to begin the last week of June and early July, 2006. Thus, Gold production will immediately begin after securing the SSMP within the year 2006. "We are looking forward to a positive impact on the 2006 Pearl Asian's Second and Third Quarter Financial Statements," remarked President/CEO Villanueva.
PEARL ASIAN MNG INDS INC Quick Quote: PAIM 0.00 (Even)
Pearl Asian Mining Industries, Inc. Commences Implementation of ''Operation Cagayan De Oro,'' Coinciding with the Start of Gold Trading Operations in Mindanao 5/30/2006
MANILA, Philippines, May 30, 2006 (BUSINESS WIRE) -- Pearl Asian Mining (OTC:PAIM) announced today that its Engineering Team, led by Chief Mining Officer (CMO) Engineer Cesar Rosales, submitted the work plan on "Operation Cagayan de Oro." This is slated to commence the development of the gold mining site once the Small Scale Mining Permit (SSMP) is secured. The site is located about 3 hours south east of Cagayan de Oro (River of Gold) City, Mindanao Island, Philippines, which is approximately 1 1/2 hours flight south of Manila.
Initially, CMO Engineer Rosales reported, "The Team had determined that considerable amounts of gold and other precious mineral resources are indeed present in the area. This is based upon the information relayed by the Higaonon (local tribesmen) elders to the PAIM Gold Team, regarding the historical and current small-scale mining activities of the Tribe's Chieftain.
"The mining operation will start small with a minimum of 3 tons/day production due to manual breaking and hauling of ores. Once we operate the mine, our target is to increase our production output from 3 tons/day to 150 tons/day. The tonnage will increase when we find additional veins for mining. Together with Senior Geologist Reggie Selvano and OIC Engr. Jonathan Mercado we will be conducting reconnaisance and prospecting in the area to look for the best site for our tailings dam. The mining method to be employed is tunneling (stoping). The processing method to be used in our operation is environment friendly and is in accordance with the Pearl Asian's vision and mission. The process will depend on the specific gravity of gold and will not require the use of acids that are known to be destructive to the environment and harmful to health. Of course, actual operations will commence once we obtain our SSMP, which is currently being processed."
The entire mining plant will be fabricated from China. President/CEO Randolf Villanueva and Chief Metallurgist Elvis Hidalgo are scheduled to visit the manufacturing center during the week of June 1st to the 4th to finalize the purchase and shipping of the mining plant.
Sr. Geologist Selvano and group will prospect for additional reserves to assist the operation in providing available veins/veinlets to be mined. Landslide is prone in the area due to hydraulicking, this will be included in the geo-hazard analysis to safely locate the site of our mill facilities and bunkhouses. The present scenario of the area, particularly the environment will be documented, and will be included in our environmental report. Civil Engineer Mike Penalosa will lead the design and construction of the staff house, warehouse and the structures needed in the mill site. Site grading will be done to level the ground in the near future. Backhoes will be used in the tailings dam construction thus making the work fast and easy.
Our Mechanical Engineers will do the planning to install and maintain all the equipment and machines of the mine and mill. Construction of small dams for the embankment of water is to be used for water supply. Brother Manny, the Chief Community Relation Officer, will orient the host and nearby communities regarding the activities of Pearl Asian Mining Industries. He will also address the basic needs of the community such as building schools, a chapel, already under construction, safe water systems, etc. He will coordinate with the Department of Environment and Natural Resources to acquire seedlings to be planted around the mine site, thus helping to develop a relationship with the community.
Chief Metallurgist Engr. Elvis Hidalgo will be in charge of the laboratory analysis of the samples and refining our products. Prior to the mining operation, the Metallurgical Laboratory & Gold Refinery will be constructed on the newly acquired industrial lot. The permits and licenses for the construction of the gold refinery in Cagayan de Oro are already in the process. "We are targeting to start the construction of the gold refinery and laboratory complex in July, 2006," exclaimed V.P. & Chief Chemist Engr. Gary Gotanco.
The Metallurgical Laboratory & Gold Refinery is centrally located, just adjacent to the Airport of Cagayan De Oro, for easy access and transport of the gold & silver powders to Geneva, Switzerland for final Hallmarking and Gold Silver Bullion production.
"Operation Cagayan de Oro" will be an immediate revenue-making mine, with an initial gold buying and selling to begin the last week of June and early July, 2006. Thus, Gold production will immediately begin after securing the SSMP within the year 2006. "We are looking forward to a positive impact on the 2006 Pearl Asian's Second and Third Quarter Financial Statements," remarked President/CEO Villanueva.
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.
SOURCE: Pearl Asian Mining Industries Inc. - Philippines
Pearl Asian Mining Industries Inc. - Philippines Gary Gotranco, 650-814-3268 Toll Free: 866-732-7888 Fax: 877-317-4430 IR*PearlAsianMining.com www.PearlAsianMining.com
posted
bellwetherreport.com: The Bellwether Report takes another look into Pearl Asian Mining Industries, Inc
By M2 Last Update: 5/31/2006 1:46:37 PM Data provided by
May 31, 2006 (M2 PRESSWIRE via COMTEX) -- Pearl Asian Mining Industries, Inc (OTCPK:PAIM), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Pearl Asian Mining Industries, Inc developmental and pre-production stage gold mining company with mining interests and claims in the Philippines and Canada, a couple of weeks ago announced that they will buy back approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture.
PAIM will pay par value of $0.001 per share when issuing its convertible debentures. The debentures will be payable without interest in 5 years and be convertible back to common at the rate of $0.01 per share at any time before maturity.
As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest. Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares.
This morning the company announced that its Engineering Team, led by Chief Mining Officer (CMO) Engineer Cesar Rosales, submitted the work plan on "Operation Cagayan de Oro.
This is slated to commence the development of the gold mining site once the Small Scale Mining Permit (SSMP) is secured. The site is located about 3 hours south east of Cagayan de Oro (River of Gold) City, Mindanao Island, Philippines, which is approximately 1 1/2 hours flight south of Manila.
Initially, CMO Engineer Rosales reported, "The Team had determined that considerable amounts of gold and other precious mineral resources are indeed present in the area. This is based upon the information relayed by the Higaonon (local tribesmen) elders to the PAIM Gold Team, regarding the historical and current small-scale mining activities of the Tribe's Chieftain.
"The mining operation will start small with a minimum of 3 tons/day production due to manual breaking and hauling of ores. Once we operate the mine, our target is to increase our production output from 3 tons/day to 150 tons/day. The tonnage will increase when we find additional veins for mining. Together with Senior Geologist Reggie Selvano and OIC Engr.
Jonathan Mercado we will be conducting reconnaisance and prospecting in the area to look for the best site for our tailings dam. The mining method to be employed is tunneling (stoping). The processing method to be used in our operation is environment friendly and is in accordance with the Pearl Asian's vision and mission. The process will depend on the specific gravity of gold and will not require the use of acids that are known to be destructive to the environment and harmful to health. Of course, actual operations will commence once we obtain our SSMP, which is currently being processed."
The entire mining plant will be fabricated from China. President/CEO Randolf Villanueva and Chief Metallurgist Elvis Hidalgo are scheduled to visit the manufacturing center during the week of June 1st to the 4th to finalize the purchase and shipping of the mining plant.
Sr. Geologist Selvano and group will prospect for additional reserves to assist the operation in providing available veins/veinlets to be mined. Landslide is prone in the area due to hydraulicking, this will be included in the geo-hazard analysis to safely locate the site of our mill facilities and bunkhouses. The present scenario of the area, particularly the environment will be documented, and will be included in our environmental report. Civil Engineer Mike Penalosa will lead the design and construction of the staff house, warehouse and the structures needed in the mill site. Site grading will be done to level the ground in the near future. Backhoes will be used in the tailings dam construction thus making the work fast and easy.
Our Mechanical Engineers will do the planning to install and maintain all the equipment and machines of the mine and mill. Construction of small dams for the embankment of water is to be used for water supply. Brother Manny, the Chief Community Relation Officer, will orient the host and nearby communities regarding the activities of Pearl Asian Mining Industries. He will also address the basic needs of the community such as building schools, a chapel, already under construction, safe water systems, etc. He will coordinate with the Department of Environment and Natural Resources to acquire seedlings to be planted around the mine site, thus helping to develop a relationship with the community.
Chief Metallurgist Engr. Elvis Hidalgo will be in charge of the laboratory analysis of the samples and refining our products. Prior to the mining operation, the Metallurgical Laboratory & Gold Refinery will be constructed on the newly acquired industrial lot. The permits and licenses for the construction of the gold refinery in Cagayan de Oro are already in the process. "We are targeting to start the construction of the gold refinery and laboratory complex in July, 2006," exclaimed V.P. & Chief Chemist Engr. Gary Gotanco.
The Metallurgical Laboratory & Gold Refinery is centrally located, just adjacent to the Airport of Cagayan De Oro, for easy access and transport of the gold & silver powders to Geneva, Switzerland for final Hallmarking and Gold Silver Bullion production.
"Operation Cagayan de Oro" will be an immediate revenue-making mine, with an initial gold buying and selling to begin the last week of June and early July, 2006. Thus, Gold production will immediately begin after securing the SSMP within the year 2006. "We are looking forward to a positive impact on the 2006 Pearl Asian's Second and Third Quarter Financial Statements,"remarked President/CEO Villanueva.
Following this announcement, Pearl Asian Mining Industries, Inc traded fairly flat on huge volume of over 150 million as, investors trade this company back and forth on extremely low volatility. Currently trading at $0.0001, this company has become a great trading opportunity as potential has never looked better, giving this company a target of a very bright future. The BWR Research Team will continue to track the developments surrounding Pearl Asian Mining Industries, Inc and other exciting company's.
To review research on small cap companies like Pearl Asian Mining Industries, Inc as well as many more exciting articles we encourage you to visit www.bellwetherreport.com. You can find these reports under the "Today's Articles"
posted
Pearl Asian Mining Industries To Purchase Small Scale Processing Plant Up To 16+ Tons/Day Production In The Placer Gold Recovery of ''Operation Cagayan De Oro''
By BusinessWire Last Update: 6/6/2006 9:00:16 AM Data provided by
MANILA, Philippines, Jun 06, 2006 (BUSINESS WIRE) -- Pearl Asian Mining (PAIM) announced today that President/CEO Randolf Villanueva and Chief Metallurgist, Elvis Hidalgo had a successful visit to China in order to purchase the gold processing plant designed for the "Operation Cagayan de Oro" Project.
President/CEO Randolf Villanueva and Chief Metallurgist, Elvis Hidalgo met with Mr. Xie Feng, the manager of (CNGC) China National Gold Corp. - the biggest gold mining company of China with an annual gold production of 70 tons. They visited Shenyang to see the Tianlin Gold Processing Plant & Refinery and the town of Dalian which is the manufacturing site of their gold equipment to be used for Placer gold recovery.
President Villanueva and Chief Metallurgist Hidalgo brought along at least 30kg of Gold Ores from Cagayan De Oro's mine samples for testing. "We ran their equipment using our ORE as feed. We are very impressed on the capability of the equipment - it really works! They gave us live demonstrations and we have witnessed that the equipment are indeed very useful in our gold projects in Cagayan de Oro. We were able to extract some gold from the samples that we brought!" exclaimed President Villanueva.
They also visited Dandong, a small scale minesite some 50 miles away from Dalian, which uses the same processing plant that PAIM will buy and use for its mine site. The Gold Processing Plant will be fabricated and should be available for delivery within 2-3 weeks.
Pearl Asian Mining Industries, Inc. (PAIM) is looking forward to a continuous gold mining operations in the City of Gold - Cagayan de Oro and its first gold productions to begin in July, 2006!
posted
Pearl Asian Mining Answers The Commonly Asked Questions of the 90% Buy Back of Its Issued and Outstanding Common Shares Pearl Asian Mining Industries, Inc. answers the commonly asked questions on the 90% Buy Back or approximately 27,000,000,000 of its issued and outstanding common shares using a convertible debenture. Pearl Asian has no intention to hurt the PAIM Shareholders. The buy back is another creative and positive tool in reducing PAIM huge public float, thus benefiting all the shareholders and the success of producing gold by the company. Pearl Asian continues and will ever respect to cherish all of its shareholders, from the smallest to the largest and from the poorest to the richest! (Q1) If I have 50 Million shares bought at .0001. The company is saying they are taking 45 Million out of my account and giving me an IOU for $45,000 which after 5 years I get to keep but I lose my debenture shares. So after 5 years, I am left with 5 Million shares and 45,000. Anytime before the 5 years is up, I can turn my debenture shares into free trading shares for a cost of .01 cents a share, but I can only do this for 10% of my debenture shares. So if I choose to turn my debenture into free trading shares I am left with 5 Million shares from my original purchase and 4.5 Million shares from the debenture, but it cost me $45,000 to convert them. So I will be left with 9.5 Million shares and out $45,000. The company is in effect paying $45,000 for 45 Million shares, they could buy on the open market right now for $4,500.00. They are paying 10 times what they are worth. What am I missing here? Why would a company do this? (A) Yes, you have it correct. However, the reason to pay with a note instead of cash is that the company doesn't have the cash available to buy that many shares out of the market. If we tried to buy that many shares (27 billion) out of the market it could cost more than $0.001 on average, because as the supply decreases the price will increase. We thought that $0.001 would be fair for several reasons: $0.001 is the par value and since debenture holders will have to wait 5 years there is a discounted value less than $0.001 before maturity. And with the $0.001 price it makes it possible for the debentures to have a market value (should a market emerge on the Yellow Sheets) higher than $0.0001. (Q2) Can you clarify something for me. In my case, of having 50mil shares of PAIM. I know I keep 5mil and 45mil I bought out. If I wanted, I can sell at anytime and get $45,000 cash; If I stay, I’m guaranteed $450,000 in 5 years or less. My thinking is, I would have received that amount anyway if the value hit $0 .01. That’s where I’m lost. What if the value hits $0.02, etc. do we lose out on that opportunity? (A) Sorry for the confusion, but PAIM will only be obligated to pay you $45,000 after 5 years if you do not convert back to common stock at the rate of $0.01. For the $45,000 debenture to become worth $450,000 the stock would have to go to $0 .10 per share. But you would have to first convert your $45,000 debenture to 4,500,000 common shares and sell those shares for $0.10 per share to realize $450,000. In that case your other 5,000,000 shares would be worth $500,000 if you held until they hit $0.10. If the stock goes to $0.01 your 5,000,000 shares will be worth $50,000 and if you cashed in everything at that point you would have $95,000 including converting your debenture to common stock and selling those shares at $0.01. You can not cash in your debenture during the 5 years with our company. But if a market develops for the debentures you may be able to sell the debenture into the market at a discount before maturity, or even a premium if the stock closes above $0.01. (Q3) What will happen to our preferred shares if we do not convert? (A) You can keep the preferred shares as long as you like, and we hope they will increase in value over time. (Q4) I’m new at this investing stuff. I read your May 5th article on Big Charts.com and I’m not sure what this all means I’m real new at all this investing stuff. I bought 1,300,000.00 shares (130.00) in the company and I follow it everyday. I noticed at the bottom of my streamer page that there is an additional 200,000,000.00 shares added to this with no price, can you explain this to me. Do I need to sell this back to the company and if I do will I keep the 200 million shares? (A) It seems strange that you would receive 200,000,000 preferred shares if you only bought 1,300,000 common shares. The preferred shares do not have a symbol yet so there is no market value yet. If you own your common shares on the conversion date 90% of those shares will be converted to a debenture at the rate of $0.001. We gave an example in our press release using 1,000,000 common shares as an example which may help you understand this. We will publish our Q&A page on our web site where we have answered various questions about this subject and we hope this will be helpful as well. (Q5) Hello can you tell me what is naked selling and how does it happen? (A) This happens when Market Makers or Hedge Funds sell shares through the market that they do not own and have not borrowed. On July 3rd, new rules should make it so that shorting in Pink Sheets companies will be published, so we will get a better understanding how much we have been victimized by this plight. (Q6) I was reading your article on May 4 on the buy back of 90% of the float. I see that if you’re an owner on June 1, on the 15th you‘re entitled to the debentures. It wasn’t clear on your article if you must convert your share or you can hold the common. Can you please clear that up for me. I would like to know if I can just own the common stock I own now or must I have debentures? (A) We are currently considering making the conversion automatic, so that we accomplish the goal by reducing the number of common shares outstanding without a reverse split. (Q7) Does today's news of 5/4/06 say that my shares/money is locked up for up to 5 years? Is 10% of it is open for trading? (A) You will have 10% of your shares to trade and possibly as high as, or higher than .001 due to supply and demand factors. In this example, if you bought at .0001 and then after conversion sold at the remaining 10% at .001 you would have your investment back and the debenture would be profit, with none of your initial investment tied up. Furthermore, it is possible that you will be able at some point to sell your debenture for a percentage of face value, and/or convert it to stock at .01 per share. Since PAIM has more than 3,000 shareholders, there is a reasonable expectation that a market will develop over time for PAIM's convertible debentures at a percentage of face value. The market value of the debenture, if any, should increase as the maturity date approaches. Based on other factors such as the market value of the common, and future failures and/or successes of PAIM will all be contributing factors. (Q8) I have 50 mil shares right now. Does it mean 45mil shares are locked up for up to 5 yrs? (A) No, it means that PAIM will owe a debt to you in the amount of $45,000. And you will no longer own those 45,000,000 shares, but only be able to convert back to 4.5 million shares if you elect to convert the debenture to common. (Q9). And I can trade 5 mil now?? (A) Yes, and before the conversion date you can trade your entire position, but the less you own on the record date, the less the amount of the debenture you will receive on the conversion date. But you may have meant, "Can I trade what will be my remaining 5 mil shares after the conversion of my other 45 million shares?". The answer to that question is, "Yes!”. (Q10) How many more shares will be dumped sir? (A) We have no control over shareholders selling their shares on the open market or market makers naked shorting. (Q11) What would happen with our dividends with this news release? (A) The buy back could increase the value of the preferred shares. (Q12) How will the new outstanding shares and float numbers affect the Buyins numbers? (A) What new outstanding? The common outstanding remains approximately 30 billion. The buyins report is not based on the float as far as we understand it. (Q13) Would you please confirm the stock dividend of 1000 for 1 preferred shares to the holders of PAIM.PK as of record date 3-15-06 and pay date 3-31-06 if a holder has 1000 shares of PAIM.PK how many shares of PAIMPR will he receive? (A). If you owned 1,000 common shares of PAIM in your brokerage account at the close of business on March 14th you should have received 1,000,000 preferred shares. (Q14) Regarding the preferred stock, when was the cut off for getting the Preferred Stock, as I had my common stock bought by March 13, 2006 (A) If you bought on the 13th and held till the 15th of March 2006 you are entitled to the dividend. (Q15) I have 900,000 common share of PAIM that I have bought through my account at Scottrade.com. I know that Pearl Asian Mining Industries was doing a preferred stock for people who had common shares. I am confused at what the rate is for the common to preferred is, it seems I have a 1 for 1 rate. I have 900k preferred shares, I bought my common shares 500k on March 6 and 400k on March 13. Please can you inform me of what the correct rate is for shareholders please, that way I can contact Scottrade if there is any issues. (A) Perhaps Scott trade can't put that many digits in their computer. You should have 1000 preferred for every 1 common. (Q16). I’m going to try this again, appeared my first one kicked back. I see that I received the dividend. It has no symbol yet. Any idea when it will be up and running? Is the value starting at .00000001? I think that’s what I got from the news. Will that trade openly just like paim does? (A) The Preferred has no symbol yet. We hope that this month to see it up and running. Yes the par value is .00000001 but we have no idea what the market value will be if any. We can't predict how it will trade. (Q17) The reason I am asking this question again, is that I would like to convert the preferred shares into a stock certificate. How I understand the issuance of the preferred shares is this way: I keep the 500,000 shares issued into my account for 1 year in form of a certificate. Then, after 2 years I get rewarded with another deposit of shares into my account, according to the formula for holding the shares for 2 years. Then, the same occurs, after holding the shares for 3 years and so on until after 5 years? If this is correct, please, let me know. (A) If you owned 500,000 common shares you can keep those in your account and request 500,000,000 preferred shares. The longer you hold the preferred shares the more common shares you will receive if or when you decide to convert the preferred into common. The common shares you own do not effect the preferred you are entitled to. Hope this helps. (Q18) I have been investing in stocks for 8 years and in my opinion there is a lot of confusion about what the float is and what really remains of the restricted shares. It made no sense that we had days of trading of 3 to 5 billion shares, and the price would not move, if there was a 5 billion float. Maybe someone converted 10 billion shares of stock and put it into the float and sold out. If there is a 15 billion float and a major stockholder sold shares, this would explain the huge volume. I recommend that a true picture of the number of shares in the float and the remaining restricted shares be ascertained. The company can easily find out who sold huge share blocks and who are the owners. It seems that 10 billion shares were possibly converted and sold. This would explain why there might be no Naked Shorts and a huge volume with no price change. Buyins should be able to find this out. I own 345 million shares and will increase my position. (A) We are investigating to get to the bottom of the actual float. It seems that many of our large shareholders have deposited shares but there are 2 billion Objecting Beneficial Owners according to ADP so we don't know who they are. I believe the float may be 15 billion or higher but the outstanding remains around 30 billion. (Q19) Doesn’t every company have its own market maker who promotes the stock? If they do what is PAIM's market maker doing to BOOST the PPS ?? (A) MM only represents themselves or retail shareholders but not the company. Sometimes MM become bullish on a company and will help when they can, but they have lots of rules and regulations to follow. (Q20) I am a stockholder from Belgium. I don't really understand what you want to do to increase de stockholders value ; your last PR is in my point of view a reverse merger and in such a case the stock value often decrease. (A) No, this has nothing to do with a reverse merger, and we hope that this action will increase shareholders' value in PAIM. (Q21) Your previous PR about dividends was not correct; they are totally restricted (not possible to sell them this was not mentioned in the related PR. (A) Because there is no symbol yet for the preferred does not mean they are restricted. No market can develop until a symbol is created, which we hope to have in the near future. (Q22) Is there any prospects for the future of this company, you seem, by your web-site to believe in GOD, as I do. I hope some honest insight will be forth coming. (A) We are working day and night to make PAIM a successful and profitable company. Keep the faith, and may God bless you abundantly. (Q23) Why is the stock .0000 ? Is this how that market works sir? (A) Supply and demand determines the price per share but the stock rarely ever trades below .0001. (Q24) WHERE ARE all the shares that are selling coming from?? (A) From all the shareholders and we believe also from naked shorting, but will have to wait until the new rules are effective to learn the amount of shorting. The Company has not sold any shares privately during the heavy volume that has recently occurred, (and has never sold shares publicly at any time). I've done a little research and learned that people believe because PAIM trades OTC unsolicited Pink Sheets, that Market Makers can not buy and sell shares for their own account. However, from what I have learned, that rule only applies when the Market Maker puts his or her call letters on the Pink Sheets. If NITE, one of the market makers, for example, doesn't show their call letters on the Pink Sheets, it is my understanding that they can buy and sell (short) for their own account through verbal and electronic orders. There are hundreds if not thousands of Market Makers that do not show their names on the Pink Sheets for PAIM so in theory any one of those could sell short. Sometimes you see market makers come and go more than once in the same day. There could be two reasons for that. One is that they indicate retail unsolicited orders only while they hold same. Or, decide they want to buy or sell for their own account, so they drop their call letters from Pink Sheets while not indicating the retail orders they are working. There is also the possibility that some of the powerful market makers, for example such as NITE break the rules and pay big fines when they get caught. I remember reading somewhere that they paid huge fines in the past. (Q26) What are PAIM's goals for this year, 2006? (A) (1) Get all the Pearl Asian Gold Claims into production. (2) Report profitability within this year.(3) Register and move into a new listing (4) That all current PAIM Shareholders will be able to sell their shares for a profit, and all PAIM’s employees and its host communities be happy and successful. (5) Make PAIM the leader in the Philippines Mining Industry. (6) Continue to share with the poorest of the poor in the Philippines through donations, job creation and community development. ABOUT THE COMPANY: Pearl Asian Mining Industries, Inc. is a fast growing gold mining company that is in its active exploratory, developmental and pre-production stages with mining interests and claims in the Philippines and Canada.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
| IP: Logged |
posted
Pearl had to be laughing while she was answering these questions.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
| IP: Logged |
posted
I read the answer to #1 and that was all it took. What an unbelievable Scam. It's got to be a twist on the I have a check worth $5,000 but don't have a bank account. If you go in the bank and withdraw $500 from your account I will sign my check over to you when you give me the $500. People fall for then try to cash a worthless check and are out $500.
Same premise here.
Good Luck Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
posted
well...investors can throw it in her face when they sell all their shares and she buys back 90% of the shares and doesnt get any money from the people
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
| IP: Logged |
posted
When an Interpol SWAT team crashes through the walls of a California mansion and interrupts a new one being hatched by Elvira, Sandy, and Mario, sending a bevvy of adled, bikini-clad bimbos scurrying through French doors and beyond the pool into the drooling fangs of roving coyotes, as Armani-clad Filipinos rush around burning bonds and debentures issued by the Dominion of Mechelzidek....
posted
sandy, elvira and mario would be the end to like 10 of the most favorite pinks on this board
and there are no armani clad filipinos, they hardly have the resources to conduct raids and arrests in their own country
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Mad]](mad.gif)
![[Eek!]](eek.gif)
![[Big Grin]](biggrin.gif)
![[Confused]](confused.gif)
![[Razz]](tongue.gif)
![[Cool]](cool.gif)
![[Roll Eyes]](rolleyes.gif)
