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is it possible that HDSN has this Lrg order to hold this back so he and the rest of the MM's can cover their shorts? is this stock going anywhere today?
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superman7 do you think this is going to play out long and drawn out like PAIV or do you think that new rule effective this month will speed the process up any?
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ya mega i know, its just its hard to believe that anything is a sure thing...meaning this has to go up as PAIV did..... I just seem to have bad luck, like when I put in a sell order for NANN yesterday after its 2day run of s 100% and it only sold of a tiny portion for some reason and then came tumbling down. then today I sold SLWF to getinto this after waiting for it to go....so what happens, I sell and then it takes off. I seem to always miss out with bad luck....I just hope for once this stocks changes my luck and ya'll are right.
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it`s a fact that after the debenture adjustment there remained something like 2.7 billion free trading shares in the float. thats alot of tradable shares. there is no concrete varifiable proof that large numbers of shares were sold short. for all we know all shorts may have already been covered. it is a fact that many holders on previous PAIM threads stated that they could not trade thier shares, ticker symbols were missing, values listed as zero, and many other similar problems were reported by many holders, few could have sold even if they wanted to!
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quote:Originally posted by SuperSniper00: What is the email address for PAIM??
IR*pearlasianmining.com does not work
...also should have included, in my post last evening, that I sourced the contact e-mail address for Ganto was from PAIM's website. So at least some of the information on their website is current. I originally tried the same address, sniper, and the e-mail was kicked back as undeliverable. That's when I tried the address listed for Ganto since he was described as the IR person in the Phillipines.
The target I am looking for today is between .0015 and .002, then I'll wnjoy the weekend. .....GLTA today....
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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Here is my post from the other thread, not sure if ay of you saw it. I did throw a few bucks at it, but I'm not expecting the huge windfall that a lot of you seem to be.
I would be very hesitant on thinking this will be anything like PAIV. There are some important differences here.
1) With PAIV, we knew exactly how many shares there are/were. With PAIM, between the reverse split that wasn't, and the companies endless dilution, no one knows how many outstanding shares there are, but the number is in the BIllions I think.
2) With PAIV there were hundred of millions of shares sold in one day, when the float was only 26 million. It was very obvious that shares were short sold, intentionally or not. The float was suddenly more than 1000 times what it should be. Since we don't know what the PAIM float is, no one can be sure how many shares were "shorted", and from everythign I read, the multiple is no where that amount, so any "short squeeze" would be dampened if not completely eliminated.
3) Many PAIM holders will sell this stock at any chance, given the confusing ways the stock and executives have acted in the past.
4) A lot of people have been so confused by past PRs, the "debenture" issuance, and a number of other things, that they won't be wiling to take a chance on a stock like this for fear of being burned.
5) There was an intial "Short squeeze" on PAIV the first couple of days, from .008ish to .0013, but then a slow drop back into the .0040 range. After that it's taken around 2-3 months for the most recent leg to kick in. If there is really a squeeze on PAIM it may be a while before you even notice.
All in all, I'm not saying don't buy, but I am saying this will NOT be anything close to another PAIV
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told ya...im jinxed. at 0007 now. boy I love losing money. lol hope it goes back to 001 next days I gotta hold this.. i shoulda known better to buy into the hype. i always break my own rules.
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so whrs all the heavy hitters? juice, tonicma, superman....saw lot of familiar faces and others talking about this in a very good way.... have u guys left or still believe?? just lay ur hands of healing power on me. lol
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hey im still here but im down to 400k. sold at .0011, .0009(most) holding the rest hopefully shell start to move i dunno doesn't look great at the moment we'll see. i was pumped at first started off great guess some intial hype will do that, goodluck everyone
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It could be lots of profit takers from yesterday's big day. I've noticed this alot, a big day usually results in a bad next day....but it picks up again. I doubt that all the shorted shares are covered.
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There are two sets of shorted shares that needs to be covered: 1. Shares sold by people after june 15th w/o knowing that they are restricted. This short number may not be huge but it is there 2. Shares that were naked shorted all this time. This number may be huge. The ratio of shorted shares to available shares have increased tremendously now due to this 90% buyback in no time with this CD method. Usually, if the co. buys back shares in open market thereby reducing o/s, it is done over some time so people who have naked shorted the shares have enough time to cover. Plus, the price is kept depressed during this buyback time, so company can buy back shares cheap. This is not the case here. 90% of the shares were cancelled in no time through CD's that caught naked short sellers by surprise. For example, if the total shorted shares prior to june 15th is say 5B to be conservative (I believe it could be much more), the short to avl. shares in market ratio will be only 0.2 for 30B O/S. But now with 90% of O/S taken out of market, the short to avl. shares in the market ratio will become 1.6 which is high. Naked shorters will start to cover if any kind of good news comes out that cause increase in pps that would force shorts to cover before it gets worse for them. A cash dividend at this time even if it is small amount like $0.001/share will definitely will make it worse for the shorts. All IMHO
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