posted
I have divested myself of all of this stock. They are always just about to find gold, always almost there. They posted a 50% increase in revenue, but 50% of almost nothing isn't much. Why, after years of their geologist's reports that "there is gold in them thar hills", have they not extracted any of it? They have been just about there for way too long. The good news is that we are helping the Phillipine economy. Stay away from this one.
-------------------- It is what it is Posts: 196 | From: Tampa, FL | Registered: Mar 2006
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hey, cottonjim; glad I was able to help you out. by the way, I sold right before they announced their 95% buy back. I didn't see it coming. I was actually able to make a very nice profit.
-------------------- It is what it is Posts: 196 | From: Tampa, FL | Registered: Mar 2006
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Once a year the do this strange debenture buyback of shares . They force everyone to give up their shares at beyound imaginable low price and sell some of them right back thru the open market after price has greatly increased do to reduction of shares .
And this time their was NO WARNING .. They just did it . I barely had time to put paper in my printer and get over to computer and sell before it happened . I like to print out every trade transaction . Posts: 388 | From: redlands | Registered: Jul 2006
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quote:Originally posted by oldguy: hey, cottonjim; glad I was able to help you out. by the way, I sold right before they announced their 95% buy back. I didn't see it coming. I was actually able to make a very nice profit.
My sarcasm must not of oozed through your computer screen A blind man should be able to see these guy's coming from a mile away now.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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As if anyone needed any more proof of how unbelievably bad you are at this:
100% Completion of the 95% Mandatory Buy Back, Chill Lifted on Deposits, CUSIP Number & Stock Symbol To Remain The Same, Pearl Asian Mining Announces Business Wire (Tue, Aug 7) • 98% Of the Outstanding Shares Have Been Submitted for the 95% Mandatory Buy Back; the Remaining 5% Remains Freely Tradeable without Restrictions Pearl Asian Mining Announces Business Wire (Fri, Aug 3) • Agreement to Develop and Mine for High-Grade Manganese Ore Signed with Landowners in Southern Philippines, Pearl Asian Mining Industries Announces Business Wire (Wed, Aug 1) • Authorized Common Shares Reduced To Four Billion; 95% Mandatory Buy Back Almost Complete, Pearl Asian Mining Announces Business Wire (Fri, Jul 27) • Pearl Asian Mining Industries, in Cooperation with Its Transfer Agent and DTCC, Allows 3-Day Settlement Period from the Effective Date of July 20th 2007, for PAIM's Mandatory 95% Buy-Back Business Wire (Tue, Jul 24) Tue, Jul 24, 2007 • Pearl Asian Mining Industries, in Cooperation with Its Transfer Agent and DTCC, Allows 3-Day Settlement Period from the Effective Date of July 20th 2007, for PAIM's Mandatory 95% Buy-Back Business Wire (Tue, Jul 24) Fri, Jul 20, 2007 • Pearl Asian Mining Requests All Shareholders to Surrender All Certificates Pursuant to the 95% Mandatory Buyback Effective July 23, 2007 Business Wire (Fri, Jul 20) Thu, Jul 19, 2007 • Final Clarification on the 95% Mandatory Buy Back of PAIM Common Shares Effective Date July 20, 2007 Business Wire (Thu, Jul 19) Mon, Jul 16, 2007 • Clarifications On Calculations Of The 95% Mandatory Buyback of Its Common Shares; Logical & Legal Reasoning For Corporate Action, Pearl Asian Mining Industries Announces Business Wire (Mon, Jul 16) Wed, Jul 11, 2007 • 95% Mandatory Buy Back of Pearl Asian Mining Industries' Common Shares (PAIM) Will Be Automatic With The Exchange or Record Date Effective July 20, 2007: NO X-Date For Mandatory Buy-Back Exchange Business Wire (Wed, Jul 11) Mon, Jul 9, 2007 • Simultaneous Re-Opening of XYZ Gold, Aroroy Gold and Gango Gold Projects To Post An Estimated Initial Annual Gross Gold Revenue of $44,259,400.00; Estimated $1.2 Million Annual Gross Manganese Revenue, Pearl Asian Mining Announces Business Wire (Mon, Jul 9) Thu, Jul 5, 2007 • Mandatory Buy Back of Approximately 8,611,655,441 or 95% of PAIM's Issued and Outstanding Common Shares; Record Date of July 20, 2007; Payable at the Rate of $0.00002 Beginning October 10, 2007, Pearl Asian Mining Announces Business Wire (Thu, Jul 5)
What is that, 10 or 12 warnings over a full month? By "NO WARNING" did you mean Pearl didn't call you individually on the phone and let you know she was about to bend you over?
quote:Originally posted by triovestor: Thats how they make their money now ,
Once a year the do this strange debenture buyback of shares . They force everyone to give up their shares at beyound imaginable low price and sell some of them right back thru the open market after price has greatly increased do to reduction of shares .
And this time their was NO WARNING .. They just did it . I barely had time to put paper in my printer and get over to computer and sell before it happened . I like to print out every trade transaction .
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by oldguy: I have divested myself of all of this stock. They are always just about to find gold, always almost there. They posted a 50% increase in revenue, but 50% of almost nothing isn't much. Why, after years of their geologist's reports that "there is gold in them thar hills", have they not extracted any of it? They have been just about there for way too long. The good news is that we are helping the Phillipine economy. Stay away from this one.
Damm dude, have you been living under a rock? This has been a scam since day 1 - even though my certificate for 6 billion preferred shares looks good..........lmao!!!!!!!!!!
Posts: 2554 | Registered: Nov 2005
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Why did " Ameritrade " remove them from my account and send me the certificate . Now I can't convert them as paim price zoomed up, again after the recent debenture .
Posts: 388 | From: redlands | Registered: Jul 2006
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You can trade your preferred shares for common stock and trade it. Triovestor, if you have 45 billion shares, you can trade them for 9 million trdable common shares and cash out for $9,000. I did it a few weeks ago and made some free money. I have actually made quite a bit of money on this dog. In penny land it isn't the product (or lack of one), it is the perception that drives the price up or down.
-------------------- It is what it is Posts: 196 | From: Tampa, FL | Registered: Mar 2006
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I meant you can sell the common shares you get for $9,000 at the current market price, but you'd better hurry before the price goes down, or you can wait until next year when they pull their next stunt and see what happens.
-------------------- It is what it is Posts: 196 | From: Tampa, FL | Registered: Mar 2006
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I can't convert my certs because Ameritrade said they won't except them back into my acount . Something about they don't trust the tranfers agent .
Posts: 388 | From: redlands | Registered: Jul 2006
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