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Author Topic: PAIM - .0011 NEXT BOTTOM RUNNER
Schwabie
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THIS IS THE NEW THREAD !

HERE IS THE LINK TO THE OLD THREAD:

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/ t/019393/p/127.html#005058

[Eek!]

--------------------
All I say is IMHO.

I like these calm little moments before the storm... Reminds me of Bethoven

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Schwabie
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GETTING LOTS OF ATTENTION.

AWSOME VOLUME.

[Eek!]

Today’s Price Performance as of 10/09/2006 Option Chains Margin Requirements Interactive Chart


Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr
$0.0011
Last Price 0.0002 -15.38%
Today’s Change $0.0013
Today’s Open 360,917,831 Above Avg.
Today’s Volume

--------------------
All I say is IMHO.

I like these calm little moments before the storm... Reminds me of Bethoven

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invester
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Ya, wonder if they will dilute again. Its not like they have a history of it. LoL. Nice pick Schwabie. LMAO.
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Schwabie
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quote:
Originally posted by invester:
Ya, wonder if they will dilute again. Its not like they have a history of it. LoL. Nice pick Schwabie. LMAO.

NOT MY PICK !

MOD ASKED FOR NEW THREAD !

YOU SHOULD KNOW BY NOW...

I DON'T PUMP 'EM I JUST BASH 'EM !!!

LMAO

[Eek!]

--------------------
All I say is IMHO.

I like these calm little moments before the storm... Reminds me of Bethoven

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Schwabie
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PATHETIC VOLUME TODAY !

Today’s Price Performance as of 10:40am EDT, 10/10/2006 Option Chains Margin Requirements Interactive Chart


Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr
$0.0011
Last Price 0.00 0.00%
Today’s Change $0.0011
Today’s Open 13,108,000 Below Avg.
Today’s Volume

--------------------
All I say is IMHO.

I like these calm little moments before the storm... Reminds me of Bethoven

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sbbd75
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Here is the response I received from Scottrade. Not sure if restricted buying helps or hurts PAIM but as long as the company stock moves downward this should be avoided. thanks::..


Dear Client:

Thank you for your email. Due to issues with this PAIM's transfer agent,
this security is no longer able to be held at the DTC (The Depository
Trust Co.) which is the company who clears, settles, and holds all of
Scottrades securities. At this time we do not know if PAIM will be
available to be purchased through Scottrade in the future.

Please let us know if you have any additional questions.

Sincerely,
Matt R.
Scottrade Financial Services, Inc.
Scottrade has been named Highest in Investor Satisfaction With Online
Trading Services Six Times in a Row by J.D. Power and Associates. For
award information, visit www.jdpower.com.

-----Original Message-----
From: sbbd75*bresnan.net [mailto:sbbd75*bresnan.net]
Sent: Monday, October 09, 2006 9:14 PM
To: Scottrade Customer Support
Subject: Trading

Why can't I buy PAIM through Scottrade? Will I be able to buy it back in
the near future so I can buy and sell? thanks
All email sent to and from this address will be received or otherwise recorded by the Scottrade corporate email system and is subject to archival, monitoring or review by, and/or disclosure to, someone other than the recipient. Email transmissions may not be secure. You may contact us by telephone if you have concerns about security.

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Bigrod40
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[Eek!] LOOKIE NEWS::::

Pearl Asian Mining Industries Progress Report: Gold Plant Production Run Increased Significantly, OTC QX Application Under Final Review by D.A.D.


A Announces the Appointment of New Chief Executive Officer (CEO); PAIM Moves to Its Newly Acquired Headquarters In Manila; DTCC Chill Lifted!

MANILA, Philippines, Oct 11, 2006 (BUSINESS WIRE) -- PEARL ASIAN MINING INDUSTRIES, INC. (OTC:PAIM) issues the following progress reports on several key updates on the company.
Announced today that the Depository Trust Clearing Corp. (DTCC) has lifted the restriction or the "Chill" on deposits of PAIM Common Shares effective October 10, 2006. All normal stock transactions and transfers whether electronically or manually, shall resume effective immediately. DTCC routinely places chills on shares of companies that undergo a corporate action, until completed, such as PAIM as it sufficiently clarified concerns raised on the recent 90% buy back of common shares to the complete satisfaction of DTCC.

Pearl Asian (PAIM) has completed its OTC QX application which is under final review with PAIM's Designated Advisor (D.A.D.) - Atty. Stephen Czarnik from New York.

Progress Report on the mine site: the Gold Team led by President Randolf Villanueva and Elvis Hidalgo, Chief Metallurgist has significantly increased the utilized production capacity, running the gold plant 12- hours per day. Gold plant utilization is now at 6 metric tons of ore per day, or 34% of maximum capacity, from its previous average of a little over 1% of maximum during its initial test run. The latest strong typhoon that hit the Philippines affected the conditions of the road leading to the mine-site and stalling operations for at least 3 days. The Gold Team is finalizing its first production report as soon as the external metal assay report is received.

Pearl Asian Mining Industries (PAIM) also announces the appointment of its new Chief Executive Officer (CEO), Mr. Jason Piamonte who previously acted as the company's Chief Information & Security Officer. Mr. Piamonte will serve and function as the Chief Liaison officer representing PAIM mostly in the USA and Europe, meeting with the media and PAIM's increasing shareholders base. He will work side by side with Pearl Asian Mining (Philippine subsidiary) President/CEO Randolf Villanueva and VP/ Chief Investor Relation Officer, Eng. Gary Gotanco. The demand for a specific and travelling CEO to address issues and concerns of the company's 5,000 shareholders has compelled Pearl Asian to move Mr. Piamonte in this new direction. He will be leaving for Europe the last week of October, 2006. He will finalize the Gold Bullion Metal Account with Credit Suisse of Geneva, Switzerland in order to commit to the delivery of the first 10 metric tons of pure gold bullion beginning 2007. CEO Piamonte will then proceed to Frankfurt and 4 other cities in Germany for a road show of Pearl Asian Mining Industries' stock listed in the Frankfurt Stock Exchange (Stock Symbol:R1Z.F). Mr. Piamonte stated "I am looking forward to discuss the company's progress, expansion, exciting prospects and promise of pending profitability."

"Lastly, while busy getting our first mining operation going, we slowly moved our Head Office to the newly acquired Penthouse F office suites at the Pearl of the Orient Tower, near the US Embassy in Metro Manila. This move gives us a more permanent address, not subject to future changes imposed by a landlord. There will be new local phones and fax number. The USA Phone # 1-310-728-6907 still applies to contact our IR Dept. Pearl Asian (PAIM) will be in its new headquarters beginning October 12, 2006. PAIM extends its apologies to all shareholders for any inconvenience not being timely done to address or answer the 300 daily emails that flooded Engr. Gary Gotanco's email inbox during our relocation. PAIM expects things to go back to normal starting the week of October 15th", remarked CEO Piamonte.

FORWARD 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. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: 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 a result of new information, future events or otherwise.

SOURCE: Pearl Asian Mining Industries Inc. - Philippines


CONTACT: Pearl Asian Mining Industries Inc. - Philippines
Investor Relations:
Engr. Gary Gotanco, MBA, 678-570-6538 or 310-728-6907
Fax: 877-317-4430
email: IR*PearlAsianMining.com
URL: www.PearlAsianMining.com


Copyright Business Wire 2006

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Guy Tough
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I like this news... this is one penny stock worth holding. A gold bullion contract nearly finalized? Gold production? Shareholder updates?
Wow this is rare for a gold penny stock!

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megahead34
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Yea its good, but the fact that this stock is restricted by alot of brokers is not a good sign. I don't understand how it can be restricted. Scottrade's excuse is so lame.
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megahead34
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Is this still restricted by ST?
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Guy Tough
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(DTCC) has lifted the restriction or the "Chill" on deposits of PAIM Common Shares effective October 10, 2006. All normal stock transactions and transfers whether electronically or manually, shall resume effective immediately. DTCC routinely places chills on shares of companies that undergo a corporate action, until completed, such as PAIM as it sufficiently clarified concerns raised on the recent 90% buy back of common shares to the complete satisfaction of DTCC.
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megahead34
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Yes i know, but has someone been able to buy using ST?
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Chad
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maybe now the restrictions will be lifted and this can trade normally again and will finally be let loose?? lets hope so!
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Raytrader
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hey guys jost wanted you to see this...some good questions for PAIM ....not bashing just read this on IHUB thought you would like to see:-->
(posted on ihub...very interesting)

What ticks me off is how weird things with this company have gotten lately. Here are a few things that have been concerning me lately; in no particular order.

1.) That strange letter to King. Who is this Charles Mayo anyway? He clearly did not know that Pearl was going to unexpectantly drop his name to us all. I also do not think that he is that English chap you have been posting all day long folks.

2.) The OTC QX application. It is nice that PAIM's D.A.D. is reviewing the application for the OTCQX, but have any of you read the requirements thouroughly. It is nice that they filled out the application and all, but the company's commmon stock has to maintain a minimum bid price of $1.00 per share as of the close of business on each of the 90 business days immediately preceding the company's application for listing on OTCQX. (This is word for word from their application rules pdf) The last I checked, we were still hovering around .0011!

3.) Where is the fire assay? We know that it is being done externally, but this is the stuff that we would have liked in the PR.

4.) They also said that their road had been damaged in the typhoon. I did not know that they even had a completed road to have damaged. Last I knew, they were still working on it.

5.) Gary had been leading us all to believe that they did not know anything about a chill that was placed on them by the DTCC. He even said in his last chat that he was drafting a letter to Scottrade about it. Why then did they now release in this PR that the chill is lifted. They knew about it, but were hesitant in letting us know the full scope of the problems.

6.) Not hearing anything from the company for weeks on end while the pps is tanking. Sure Gary gets an enormous amount of email, but he could have answered just one and it would have eased a lot of minds.

7.) What are they showing the Swiss for contract negotiations? As far as we knew, they still had not gotten the samples down to the purity that is acceptable for sale to the swiss. If there is no fire assay, how can they accurately estimate how much gold they will be able to deliver?

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realtor548
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No more restrictions online purchase.
Is this good or bad to get in ?

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BuckyBarnes
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Received notice from "Scotty" of removal of buying restictions::::: [Roll Eyes]

_____________________________________
Thu, 12 Oct 2006 9:53 EST
From: "Scottrade Customer Support" <support*scottrade.com>
To: <xxxxxxxxxx*cs.com>

Dear Client:

Thank you for your email. Due to DTC removing the restrictions on PAIM
we have been able to remove our no buy restriction and you may now place
a buy or sell order online in your Scottrade account for this security.

Please let us know if you have any additional questions.

Sincerely,
Matt R.
Scottrade Financial Services, Inc.
Scottrade has been named Highest in Investor Satisfaction With Online
Trading Services Six Times in a Row by J.D. Power and Associates. For
award information, visit www.jdpower.com.

-----Original Message-----
From: xxxxxxxxxx1*cs.com [mailto:xxxxxxxxx*cs.com]
Sent: Wednesday, October 11, 2006 11:44 AM
To: Scottrade Customer Support
Subject: Trading

To Whomn It May Concern: Please reference the excerpt below from a
Press Release by PAIM issued this morning. As such, my question to
Scottrade is "When will Scottrade be removing the corpaorate action
status restricting "buys" of PAIM, and begin allowing
customers the opportunity to fully trade this common stock issue?
Thank You,
XXXXXX xxxx

--------------------
"No nation was ever ruined by trade." Benjamin Franklin

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Chad
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you think with the restriction being lifted this ting would fly now...its been held down for couple months.
just dont understand that. lol

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Abe Smith
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Pearl Asian Mining Shows Initial Test Runs of Gold Ore Samples Using Its Placer Gold Processing Unit
Monday October 16, 6:17 am ET


MANILA, Philippines--(BUSINESS WIRE)--PEARL ASIAN MINING INDUSTRIES, INC. (OTC:PAIM - News). The Gold Team led by Engr. Elvis Hidalgo, Chief Metallurgist performed the first feedings of the ore samples into the gold processing unit during its initial test run. Photos were taken on the Binasan Mill Plant: Cagayan De Oro Gold Project.
Source: Pearl Asian Mining Industries Inc. - Philippines


· Engr. Hidalgo feeding ore samples. (Photo: Business Wire). View Multimedia Gallery




FORWARD 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. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: 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 a result of new information, future events or otherwise.

MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5249758


Contact:
Pearl Asian Mining Industries Inc. - Philippines
Investor Relations:
Engr. Gary Gotanco, MBA, 678-570-6538 or 310-728-6907
Fax: 877-317-4430
e-mail: IR*PearlAsianMining.com
URL: www.PearlAsianMining.com

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Chad
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still waiting and waiting for this to take off...you'd think it would at least go up like it did just over a month ago sometime soon....aarrg!
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Raytrader
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there has been a huge pp buy of almost 2.5b more shares just doubling our previous float to about 5b so the 90% buyback has been done in vane...dilution???
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Doctoall
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Bump

--------------------
Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow

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BuckyBarnes
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Pearl Asian Mining Industries Announces Availability of PAIM Gold Vanity Card, Reports on Progress of Gold Mining and Processing at Project Cagayan de Oro, CEO Traveling to Switzerland to Firm up Gold Sales Contract

Business Wire "US Press Releases "

MANILA, Philippines--(BUSINESS WIRE)--

Pearl Asian Mining Industries, Inc. (OTC:PAIM) announced today the availability of the PAIM Gold Vanity Card, made of 24K gold, certified 99.99%, weighing 50 grams +/-, with each PAIM Vanity Card to be covered by a certificate of authenticity. Information on price, sample photos, and other details will be made available by the end of the week on the PAIM website: www.pearlasianmining.com, and confirmed orders may be placed by sending an e-mail to Investor Relations, also at the PAIM website, starting October 30th. Deliveries of the PAIM Gold Vanity Card shall commence on November 18, 2006.

The gold team also reported on the progress of mining activities. So far, 30 metric tons of gold ore has been processed using the gold processing equipment. Engineer Ricardo Bernardo, VP-COO, stated: "The recent heavy rains have caused the collapse of some of our ore stockpiles due to soil erosion; however, we are currently rehabilitating the affected gold veins. Meanwhile, other effective mining methods, such as hydraulicking, are now being used to ensure faster exposure of high-grade gold veins in areas previously identified by our geological team. This will result in production of bigger volumes of high grade gold ores for processing in the gold plant. In addition, to complement the security measures put in place, such as installation of fences in high security areas, and purchase of high-powered firearms for use by a well-trained security force, among others, we shall soon install a video surveillance system within the Project Cagayan de Oro mining claim."

PAIM's marketing efforts will be brought to the next level with CEO Jason Piamonte's scheduled visit before the end of the month to Geneva and Zurich, Switzerland, to firm up the long-term sales contract for more than 10 metric tons of gold bullion with a company that has built up its expertise in metals trading. Mr. Piamonte stated: "With the completion of the initial due diligence by the prospective buyer, PAIM hopes to finalize a sales contract before the end of the year and immediately commence delivery of gold bullion soon thereafter. Aside from its mining/processing activities in Project Cagayan de Oro, the company is currently engaged in buying of gold ores, concentrates, and other semi-processed gold intermediates for processing in its gold processing plant, and is likewise actively evaluating new mining claims, in order to serve the substantial gold bullion requirement of the prospective buyer."

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. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: 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 a result of new information, future events or otherwise.

Source: Pearl Asian Mining Industries, Inc.

--------------------
"No nation was ever ruined by trade." Benjamin Franklin

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Schwabie
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LOW VOLUME COMPARED TO THE

200-300 MILLION VOLUME THIS USE TO GET.

[Eek!]

Today’s Price Performance as of 12:42pm EDT, 10/25/2006 Option Chains Margin Requirements Interactive Chart


Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr
$0.0011
Last Price 0.0001 -8.33%
Today’s Change $0.0011
Today’s Open 30,072,545 Below Avg.
Today’s Volume

--------------------
All I say is IMHO.

I like these calm little moments before the storm... Reminds me of Bethoven

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Brad C
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Getting time to hear some more news out of these guys.

--------------------
How much is a man willing to spend to make a penny?

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Duncan Idaho
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they continue to grind up dirt in that little red machine of theirs. its going to take a long, long while.
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BuckyBarnes
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PAIM -- Pearl Asian Mining Industries Inc.
Com ($0.001)(New)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

StockTargets Inc.: Investor targets increase on Pearl Asian Mining Industries Inc. stock (Pink Sheets: PAIM) following a recent analyst recommendation

Nov 02, 2006 (M2 PRESSWIRE via COMTEX) -- Geneva, Switzerland, and Dover, Delaware, USA - StockTargets, Inc., a private Swiss company and an innovator in investor sentiment tracking on listed stocks, measured a firm shift in investor targets over the past 2 days on Pearl Asian Mining Industries Inc. (Pink Sheets: PAIM), following a new recommendation.
Investor sentiment and forecast shows a substantial increase, and remains resolutely positive on the stock's prospects, following the latest news and a revaluation of the company by TTS Zurich http://www.ttszurich.com. Investors now forecast the stock rising to approximately US$ 0.0136 during the next 12 months. The StockTargets consensus 12 months target was US$ 0.0112 recently.

The 12 months target by TTS Zurich for the stock is US$ 0.04, which represents an upside of 2'400% from the present price. These different targets can be reviewed by clicking the following link: http://www.stocktargets.com/cgi-bin/ticker.pl?command=paim.pk. Targets indicators on stocks are an aggregate of all the news, sentiment and forecasts available on the company at a given moment in time, as perceived by investors. Pearl Asian Mining Industries Inc. website is http://www.pearlasianmining.com.

Pearl Asian Mining Industries, Inc. is in a final construction stage, currently involved in the exploration, acquisition, development, production and technology up-grades of viable properties with gold, silver, diamonds, other precious metals and minerals.

About StockTargets, Inc.

StockTargets, Inc. (http://www.stocktargets.com) is an investment banking and investor relations firm. Its Web site records all participants' sentiment, expressed as targets by its users. The StockTargets system, by building an investor sentiment indicator, attempts to gather and determine an measurement of all entries of users. The user's consensus target can be compared to targets provided by professionals, such as brokerage firms, analysts or fund managers. StockTargets Inc. was founded in 2005.

This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. All trademarks mentioned in this text are properties of their respective owners.

CONTACT: Sean Kelly, StockTargets Inc. Tel: +41 22 700 7648

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.

(C)1994-2006 M2 COMMUNICATIONS LTD

-0-

--------------------
"No nation was ever ruined by trade." Benjamin Franklin

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buzzygresham
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does anyone know what the conversion rate is right now to go from PAIMPR to PAIM? is it still 10000:1???
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BuckyBarnes
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PAIM -- Pearl Asian Mining Industries Inc.
Com ($0.001)(New)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Pearl Asian Mining Industries Enters into a Long-Term Agreement to Supply Gold Bullion with WIET LLC, Announces the New Telephone Numbers at its Philippine Headquarters

MANILA , Philippines, Nov 06, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC: PAIM) announced today that it has recently entered into a long-term agreement to supply gold bullion with WIET LLC, an international import and export metals trading company headquartered in Philadelphia, Pennsylvania. The Memorandum of Agreement to Supply and Purchase Gold Bullion (MOASP) was signed last November 1st, 2006 by E. Pearl Asian, Founder/Chairman of Pearl Asian Mining Industries, Inc., and Mr. Roman Gudzyuk, President and CEO of WIET LLC.
"More than just an agreement, this MOASP represents the start of a mutually beneficial partnership between PAIM and WIET LLC," stated E. Pearl Asian. "The Philippines has abundant gold reserves to supply the substantial volume to be purchased by WIET, initially agreed by both parties to be at least 10 metric tons of gold bullion. As a result, we are intensifying our exploration activities and gold trading from small-scale miners, as well, to meet this huge demand. In addition, our search is not limited to gold, as the MOASP covers the supply of other precious metals, such as but not limited to, silver, copper, and other ferrous or non-ferrous metals," E. Pearl Asian added.

The signing of the MOASP paves the way for the drafting and finalization of a contract which shall set a mutually agreeable trading and delivery scheme, including the duration of time over which the entire volume of gold bullion will be delivered and sold by PAIM to WIET. The said contract, once signed, is expected to provide a captive market for all the gold produced by Pearl Asian from its current small-scale mining operations, and for the gold bought from small-scale miners in its trading operations.

In another development, Pearl Asian Mining also announces the availability of the new telephone numbers and internet connection at its Philippine Headquarters: +632-567-5162 up to 66, with its telefax number: +632-567-5165. We apologize for any inconvenience the delay in its telephone installation has caused. We likewise apologize for the delay in posting of the gold vanity card page in the PAIM website, we are working to get this operating before the November 18th target for first gold vanity card deliveries.

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. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: 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 a result of new information, future events or otherwise.

SOURCE: Pearl Asian Mining Industries Inc.


CONTACT: Pearl Asian Mining Industries Inc. - Philippines
Investor Relations:
Gary Gotanco, 678-570-6538 or 310-728-6907
Mobile: 424-653-0189
e-mail: IR*PearlAsianMining.com
URL: www.PearlAsianMining.com
Fax: 877-317-4430


Copyright Business Wire 2006

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"No nation was ever ruined by trade." Benjamin Franklin

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penny_player
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Middle bollinger band turning up today, ready for a breakout.
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Pearl Asian Mining Industries, Inc. is Approved for Trading on Third Segment of the Frankfurt Stock Exchange

MANILA, Philippines, Nov 09, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC:PAIM), a fast-growing international gold mining company, announced today that it has been granted permission to trade its shares on the
Third Market Segment of the Frankfurt Stock Exchange. The German trading symbol
is "R1Z" and the German securities code: (WKN) is A0JJXZ.

Pearl Asian's CEO, Jason Piamonte, commented: "We are very pleased to have been
approved for trading on the Frankfurt Stock Exchange. The Frankfurt Exchange will make obtaining our shares less problematic for German and European potential stockholders and will provide substantially improved liquidity in our common stock overall."

Mr. Piamonte said: "Additionally, we are striving to enhance our corporate visibility in Germany and expand our corporate image to a broader investor community in Europe. We believe that the Frankfurt Stock Exchange listing will assure that our compelling story will now reach a much larger European investor audience."

The Frankfurt Stock Exchange The FWB Frankfurter Wertpapierborse is the world's third largest organized Exchange-trading market in terms of turnover and dealings in securities. It accounts for more than 75 percent of the total securities turnover in Germany and is therefore the most important of the eight German stock exchanges. The public guarantor of the FWB is the Deutsche Borse AG whose duty it is to ensure the full viability of trading in securities. With the support of state-of-the-art computer-based trading, processing and information systems the Frankfurt Stock Exchange has been able to keep pace with the ever-increasing demands of the international stock market business. There is a full spectrum of computerized security trading available through Xetra(R) in addition to the
traditional floor trading. Xetra(R) was established in November 1997 and has enabled the FWB to consolidate its existing competitive edge and create an attractive framework for international investors and market participants. The cosmopolitan atmosphere Frankfurt enjoys is demonstrated in the membership structure of the stock market where more than 70 foreign banks and financial service companies are counted among the total of more than 330 members.

Pearl Asian Mining Industries, Inc. was created in the spring of 2003 to fulfill the vision of a highly profitable business based on the mining of gold and other God-given mineral resources. Drawing on world-class talents of world-renowned
mining engineers, civil engineers, geologists, and support teams, Pearl Asian Mining Industries is a fast-growing international mining operation that is working to realize the potentials of previously underdeveloped mining operations. Pearl Asian is fully committed to both its investors and the communities in which it operates and will use its impressive technical resources to ensure the best for all parties. Whether addressing returns on investment or
health and safety, Pearl Asian Mining Industries pledges the highest degree of concern. Pearl Asian Mining Industries, Inc. is going to lead the Filipino mining industry into the 21st century with consideration, compassion and progress.

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. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: 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 a result of new information, future
events or otherwise.

SOURCE: Pearl Asian Mining Industries, Inc.
CONTACT: Pearl Asian Mining Industries, Inc.Investor Relations:Engr. Gary Gotanco, 678-570-6538 or 310-728-6907Fax: 877-317-4430IR*PearlAsianMining.comwww.PearlAsianMining.com
Copyright Business Wire 2006
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--------------------
"No nation was ever ruined by trade." Benjamin Franklin

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Stock, Ham, and Mayo Sandwich
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quote:
Originally posted by buzzygresham:
does anyone know what the conversion rate is right now to go from PAIMPR to PAIM? is it still 10000:1???

This is the info I have....I don't know if anything has changed since:


Pearl Asian Mining Industries (PAIM) Sets Conversion Rate of Preferred Shares
- BusinessWire

PASIG CITY, Philippines, Mar 28, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. announced today that the Board of Directors resolved (1) to allow the Preferred shareholders the right to immediately convert 10,000 preferred shares for 1 common share. (2) In order to reward long term preferred shareholders, the Company resolved, to allow the preferred shareholders that hold their shares for 5 years to convert their common shares at the rate of 500 preferred for 1 common share. (3) The Company further resolved, to allow the preferred shareholders that hold their preferred shares for 1 year to convert their common shares at the rate of 5000 preferred for 1 common share. (4) The Company further resolved, to allow the preferred shareholders that hold their shares for 2 years to convert their common shares at the rate of 2500 preferred for 1 common share. (5) The Company further resolved, to allow the preferred shareholders that hold their preferred shares for 3 years to convert their common shares at the rate of 1250 preferred for 1 common share.

The reason that the company decided to set a conversion rate is due to speculation that 1 preferred share might be convertible to 1 common share. The Company believes that setting the conversion rate will discourage continuing naked short sales of its common shares with limited dilution of common equity to those shareholders that bought on or after the ex-dividend date of March 15, 2006. The common shares have a par value of .001 while the preferred have a par value of only .00000001, thus making each common share of vastly greater value than each preferred share.

The company expects that after the 5 years holding period, set to expire March 31, 2011, the majority shareholders will not exchange their preferred shares for common shares since the preferred shares carry the same voting rights as common shares. If the preferred shares begin to trade OTC, they will trade under a different and new symbol and not the symbol PAIM. The Preferred shares are unrestricted in tradability but can not trade under the symbol PAIM. There are approximately 30 billion common shares issued and outstanding after a recent forward split of 1000 for 1. There will be approximately 30 trillion preferred shares issued and outstanding as of the March 31, 2006 preferred dividend payment date.

The Preferred Shares will only be converted into Common Shares after the Preferred shareholders surrender their preferred share certificates to any of the Company's addresses in Canada, Philippines or the U.S.A.

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Stock, Ham, and Mayo Sandwich
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Hey, is Jellybean still in this? lol
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