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EXACTLY this is grandfather clause board meaning that if the stock was in existance for years than it would apply here. PAIMP does not apply. This board is for the old pos's that have been around for a very long time.
Any further discussion here of PAIMP will be deemed off topic.
There are no Paimp shares covered by the Grandfather clause. Suggest you take the paimp questions to that board. Apparently some people were able to sell paimp when they first became available. I suspect the real problem is too many paimp shares issued and the systems aren't capable of posting a value with that many decimal points to the right.
0.0000001 at least.
Another site talking about paimp
http://www.marketmillionaires.com/hot-micro-cap-stock-picks-under-1-00/9256-paimp-saturated-illegal-....
They seem really pumped up about it, especially the thread founder sirenebekim.. I've tracked siren's trades throughout the past couple of years, I've followed him from yahoo boards, to investors hub, and now to market millionaires. He's also on the market news website mn2. I've followed his trades and have made alot of money with his suggestions. I dont think this guy is a big pump/dump artist b/c ther are no volume traits that follow his picks... He picked one and bailed on it before it jumped, but he bought in at 6.00 for frpt; bought in @ .8 for gnbt in 2006, and bought in at paim for .0004 before its big jump. Guessing its a HE, HE has averaged about a 200,000% gain since I began watching and following him in the beginning of 2005. Sirenebekim, if your out there, THANK YOU!!!! I've made alot of money along with some other people I've noticed that he communicates with on the forums.
One guy bought a couple of dirtbikes,cars, and a house with the profits he made with Siren's suggestions. Maybe siren should start his own investment page! :)
God Bless Sirenebekim
Just because its not experiencing volume right now doesn't mean its not worth your investment. Personally, I would watch it until we get with in a couple of days from the NSS date set above
No volume nothing going on and its preferred. Not adding that one. PAIMP would be like adding 0.
Add paimp to the above list, with my guestimate of 14,247,000,000,000
Feb 10th to May 15th 2006 ALOT Of volume went on... Add those up, and multiply it by 1000x, you have the position. 700 million shares would exchange in one day during that time period at the price of .0001--- the exact price PAIM complained about in a PR suggesting illegal shorting
I went ahead and added up the days, some might be off or missing since it was rather crude. But these are in the millions
13
43
340
77
542
74
94
60
1
31
905
939
2
3
5
311
389
321
294
66
159
180
230
221
272
95
228
778
90
134
788
584
877
500
200
300
405
192
427
216
232
48
500
200
61
291
141
769
Total 14,247,000,000 illegally shorted shares @ .0001, Times one-thousand (forward split) = 14.2 TRILLION possible illegally shorted shares residing in PAIMP out of 22 TRILLION OS ( Which is less now b/c of PR stating most had converted)
Thats why Paimps going to 1.00
"With PAIMP preferred shares now trading, shareholders are given more choices to decide on how to manage their shareholdings, i.e. they may trade PAIMP stocks over the counter, convert PAIMP preferred shares to PAIM common shares, or to hold on to their PAIMP stocks as a long-term investment. PAIMP preferred shares are still convertible to PAIM common shares, based on the following conversion rates"
Look. "May trade PAIMP stocks over the counter"
Another more recent press release states "We are working on getting paimp trading again. It never should have stopped in the first place" - not exact words but from PAIM
Most preferreds have a time limit that you must hold them before you can trade. However, this is not the case here. PAIM is the one responsible for setting that time period, not the SEC or anyone else. When they got paimp its own symbol, that was the OK to start trading. The big boys held it back. Ask anyone that tried to get their certs deposited with Big Brokers. Ask anyone that did get them deposited, later to find out BB wont let them place buy sell orders. Did you know, that E*Trade first told me it was a DTCC issue why I could not place a sell order? Later they told me that it wasn't DTCC, it was something that E*Trade had mandated.
Why on earth would E*Trade, amongst others, put a stop on paimp? FTDS
Each failure to deliver, illegally shorted position, will become accountable in the very near future due to the changes in the grand father clause law. All accounts, that fell under this rule, must become cleared within 35 days as stated by the new law. There's plenty of info here covering that so I'll stop. Paim issued a 1:1000 forward split, multiplying that illegally shortd position by 1000x for the symbol paimp.pk; the brokers didn't know that paimp would open at the same price that paim was trading @ when the forward split took place, literally, logically, and mathematically making it exactly 1000x their original position. THe press release from paim at the time this took place stated that it was to give credit to the early shareholders of paim.
So what we have here, is a fine example, of an easy way to make alot of money. If you search google for "paimp" you will find a lot of people, from different sources, that believe that paimp will soon be trading at 1.00 per share due to the new ruling in the grandfather clause, and the exsorbant amount of illegally shorted shares, aka phantom shares, that exist within the symbol paimp.pk
please remove, duplicate
PAIM Preferred Shares Commence Trading in OTCBB Under the Stock Symbol 'PAIMP', Pearl Asian Mining Industries Reports
Pearl Asian Also Furnishes an Update on the Status of Renovation of the Pearl Asian Chemical & Metallurgical Geosciences Laboratory, and Stock Dividends of Phil Oil Common Shares to PAIM Shareholders
Pearl Asian Mining Industries, Inc., with stock symbols: U.S.A. (OTC: PAIM) (OTC: PAIMP); Germany (GER: R1Z) and (FWB: R1Z), announces that PAIM Preferred Shares commenced trading in OTCBB today under the stock symbol “PAIMP”. Ms. Pearl, PAIM Chairman & Founder, states, “The long anticipated start of trading in the OTCBB of PAIM preferred shares under its own stock symbol 'PAIMP' is another solid proof that the company stands by its commitment to enhance shareholder value. It is a reality in business that some delays are encountered due to unforeseen circumstances and risks, but PAIM management has instituted systems and procedures in place to minimize these risks and to increase the chances of success in all its projects.”
With PAIMP preferred shares now trading, shareholders are given more choices to decide on how to manage their shareholdings, i.e. they may trade PAIMP stocks over the counter, convert PAIMP preferred shares to PAIM common shares, or to hold on to their PAIMP stocks as a long-term investment. PAIMP preferred shares are still convertible to PAIM common shares, based on the following conversion rates:
06/26/2007 (16:43 ET) PAIM: Short Interest UP 4.8% to 3.9M in Jun 2007 - Knobias
the stock you have PAIMP is PERFERRED STOCK!!!! Most of the time there is a time limit on holding them and can not be traded. Please read below
preferred stock
Definition
Capital stock which provides a specific dividend that is paid before any dividends are paid to common stock holders, and which takes precedence over common stock in the event of a liquidation. Like common stock, preferred stocks represent partial ownership in a company, although preferred stock shareholders do not enjoy any of the voting rights of common stockholders. Also unlike common stock, a preferred stock pays a fixed dividend that does not fluctuate, although the company does not have to pay this dividend if it lacks the financial ability to do so. The main benefit to owning preferred stock is that the investor has a greater claim on the company’s assets than common stockholders. Preferred shareholders always receive their dividends first and, in the event the company goes bankrupt, preferred shareholders are paid off before common stockholders. In general, there are four different types of preferred stock: cumulative preferred, non-cumulative, participating, and convertible. also called preference shares.
Sorry but your conclusion is wrong. PAIMP shares are a non-tradable prefered share dividend that must be converted to common shares in order to be traded.
Furthermore, Investor Relations Officer Jeffrey Alan Bosaw reports: "PAIM's shareholders are massively converting their preferred shares from last year's dividends, into common share. Currently, the Preferred Shares (symbol: PAIMP) are converted on a ratio of 5,000 preferred shares per every 1 common share (Symbol:PAIM). It is estimated that when the record date of June 30 approaches, the total number of outstanding public float will be at around 15 billion shares."
http://biz.yahoo.com/bw/070606/20070606005176.html?.v=1
I can't find anywhere that can trade PAIMP--- I suspect it has a huge naked short position and that the big boys are doing everything to keep the legit shares from being in the market.
1:1000 forward split @ the time there was estimated 2.2 billion illegally shorted shares for the common stock, so take 2.2 billion times one thousand and you have the naked short position. That obviously describes why none of the big brokers are letting anyone deposit, trade, etc those shares. All conspiracy theory but it is logical...
but it's not tradeable at all thru scottrade
Well , i see that PAIMP is not on the restrictions list of Scottrade, this is a good sign, by the way, how did you got this list. That list was from another message board that someone used that broker.
Here you go did you see this link and the list. Give you everything you always wanted. http://www.investorshub.com/boards/read_msg.asp?message_id=20819112
happydog hooked you up on that!
Well , i see that PAIMP is not on the restrictions list of Scottrade, this is a good sign, by the way, how did you got this list.
http://www.nasdaq.com/reference/glossary.stm
(Scroll down to "Stock Symbol")
Stock Symbol
A unique four- or five-letter symbol assigned to a NASDAQ security. If a fifth letter appears, it identifies the issue as other than a single issue of common stock or capital stock. A list of fifth-letter identifiers and a description of what each represents follows:
A - Class A
B - Class B
C - Issuer qualifications exceptions*
D - New
E - Delinquent in required filings with the SEC
F - Foreign
G - First convertible bond
H - Second convertible bond, same company
I - Third convertible bond, same company
J - Voting
K - Nonvoting
L - Miscellaneous situations, such as depositary receipts, stubs, additional warrants, and units
M - Fourth preferred, same company
N - Third preferred, same company
O - Second preferred, same company
P - First preferred, same company
Q - Bankruptcy Proceedings
R - Rights
S - Shares of beneficial interest
T - With warrants or with rights
U - Units
V - When-issued and when distributed
W - Warrants
Y- ADR (American Depositary Receipt)
Z - Miscellaneous situations such as depositary receipts, stubs, additional warrants, and units.
* The letter "C" as a fifth character in a security symbol, indicates that the issuer has been granted a continuance in NASDAQ under an exception to the qualification standards for a limited period.
you're welcome.. gl
Why thank you so much on that, I hope that helps him out if he reads this. I know the answers are out there some where.
if the fifth letter is a P, it's a Preferred stock, not Common stock
http://en.wikipedia.org/wiki/Stock_symbol
I called him and he said that the letter on the end of the paim p means something but he does not deal in otc/pinks them and could not tell me with out looking or ask another broker which right now he was in his car going home. The only one I know right now is if it has a Q it is in bankruptcy ( I heard there are a lot of stocks right now with Clearing Restrictions only sells right now)
Indeed, i know something, but i want second opinion, and your broker may help,to clear the mess around PAIMP.
I might be able to find out something, I have been trading stocks since 2001 and never had nothing happen and in the last 2 weeks since I started trading these pink and otcbb everything is going on. Someone told me to look on www.pinksheets.com for info on happening and alerts. VOL theres a good chance you know more then me at this point.
Let me be more specific, what is the reason for some brokerages not to accept a buy order for PAIMP. is something wrong with this stock?
What type of stock one of these small micro or large or any type. One reason is if there is a halt by the Sec on it and if the broker does not Carrie it, Sometime Sharebuilder is good for this. There are full service broker and then there are what I call the middle man brokers. If you have a broker where there is a 25,000 min in your account there's a good change you can buy everything you want.
Hello, can you ask your broker, what is the reason ,for some brokerages not to accept a buy order for a stock.thank in advance.
Wow I just went to that board to check it out. Talk about the roaches scurrying and bashing.
This whole thing makes me ill. I really hope at some point soon these bashers get linked to Market makers.
I also think we are dealing with that same scenario with ISYX. Its of course a small O/S stock on the $.0001 but MMs are fighting like hell with smoke & mirrors. They're facing the squeeze trigger and the end of the GF Clause. I would expect alot of games to be played out between now and Federal registration day on the GF with all stocks in this position.
USXP had alot of fun on that note alone today...Altomare doesn't back down from even personal threats...he sure is kicking some ass these days....about time :O)
I believe HPNN has a very large short in it at the moment!
That is my pick
GREAT Board idea. Bookmarked and lurker for life ;)
vndm, etrd, sbsh One of the problems is a lot use sbsh
My broker told me to watch out for abusive trading activity. He said there are 3 MMs that he said to stay away from right now.
DTCC Supports SEC Initiative to Make Trade Failure Data Publicly Available
Last Update: 9:03 AM ET Jun 19, 2007
NEW YORK, Jun 19, 2007 (BUSINESS WIRE) -- The Depository Trust and Clearing Corporation (DTCC) today commended--and expressed full support for--the Securities and Exchange Commission's (SEC) decision to give the public greater access to aggregate information on Fails to Deliver (FTDs).
DTCC's comments follow the SEC's recent decision to change short selling regulations, including eliminating the "grandfather" clause and the "uptick" requirement for short selling. In conjunction with these rule changes, the SEC announced it would consider releasing two-month-old, aggregated FTD data on a quarterly basis.
Currently, the SEC does not provide fails information to the public on a regular basis and releases fails data only under Freedom of Information Act (FOIA) requests, provided the released data is at least two months old. This policy was intended to safeguard confidential investor trading information that, if disclosed, could be used by others to gain competitive advantage or manipulate the market. Under the SEC's new plan, aggregated data on fails would be released to the public, without the need for a FOIA request.
DTCC had recommended in a comment letter to the SEC last September on Reg SHO reform, that such data could be released publicly without putting at risk the confidentiality of participant securities holdings and trading or risking market manipulation.
DTCC and its subsidiaries play a critical role in the clearance and settlement of virtually all equity and fixed income trades in the U.S. While their systems will identify many failed trades, DTCC's clearing subsidiary does not have access to the underlying reasons for the fail, which is only known to the firm involved.
The SEC has pointed out that most fails are usually temporary in nature due to administrative error by the end investor or the broker/dealer, though fails can also be caused by abusive trading activity. For that reason, the SEC and marketplaces monitor and investigate fails data to help uncover such activity.
"Our position is that disclosing aggregated historical data in each security on a regular basis, especially now that the grandfathering of fails is ending, would demonstrate convincingly the relatively low level of failed trades that actually exist, and that such information would end much of the speculation about the level of fails in our system," said Larry E. Thompson, DTCC's general counsel.
Since the inception of DTCC's subsidiaries in the late 1970s, great attention has been paid to ensuring the confidentiality of information these subsidiaries possess about a financial firms' specific securities holdings and securities trading activity. To preserve this confidentiality, the ability to release information is sharply restricted by DTCC's subsidiary rules, and the financial firms, institutional investors and others who participate in the capital markets.
"Notwithstanding this history," said Thompson, "DTCC believes it is both possible and beneficial to address the public's interest in FTDs while continuing to protect the legitimate privacy concerns of our participants--and investors.
"DTCC also believes that greater transparency will build confidence in our system for clearing and settling securities trades and thus create a greater appreciation for the benefits of the system's efficiency and effectiveness," said Thompson.
About DTCC
The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC's depository provides custody and asset servicing for 2.8 million securities issues from the United States and 100 other countries and territories, valued at $36 trillion. Last year, DTCC settled more than $1.5 quadrillion in securities transactions. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com.
SOURCE: The Depository Trust and Clearing Corporation
DTCC Stuart Z. Goldstein, 212-855-5470 sgoldstein@dtcc.com Copyright Business Wire 2007
good idea for a thread, and nice post here...
good to see the info in the i-box
Looks like SGLS.OB has a big short as well.
Thanks,I was hoping somebody might post the HPNN information as I do not have an account at buyin.net.
If somebody could be oh so kind.
Thanks!!
Pogie...HPNN may be accessed via buyins.net for nss... :O)
Maybe you didn't ask the right question..
HOP-ON INC (HPNN) OTC Type: Other-OTC
Short Interest for May 2007
Short
Interest Percent
Change Average Daily
Share Volume Days to
Cover
257,543 (59.25) 4,971,571 1.00
FTD's ( Failures to deliver) are recorded at DTC and are not published in terms of total shares. If a stock is listed on the Reg SHO list, it means there are FTD's at DTC that exceed a certain percentage of the total Outstanding shares. All FTD's are not necessarily shorted shares so the FTD number does not acturately reflect a naked short position.
so why are they posting anything if its not right? Pinksheets is a joke and thier data sucks nothing on that site is up to date.
here is what pinksheets responded with.
The information that you are after does not publicly exist. The specific numbers with regards to total number of shares shorted is not available anywhere. Furthermore, HPNN is not even on the Threshold List, which you can access at http://www.pinksheets.com/marketactivity/reg_sho_list.jsp.
Regards,
Chris Grant
Pink Sheets, LLC
(212) 896-4420
Cali....I think BKMP & ISYX should be up there too...they were shorted a great deal....especially BKMP, in fact I think ole Sandy should have r/s more to quash the MMs (but the investors hate it too)now they're looking at 504s hmmmm!..same goes with PAIM imo. Sandy helped/advised PAIM to reduce its O/S down to 2.5B through loans...now I see more MMM with PAIM imo.
GREM USA did 5 R/Ss and they went from .0007 to .012 several days ago. I think some of these CEOs do the r/s to predominately keep the MMs in check. But with the GF Clause lifted...maybe now we can get on with business without so many R/Ses.
Nice Board!! :O)
http://sec.gov/news/press/2007/2007-114.htm
USXP isn't going anywhere until its starts breaking 2 billion shares in volume a day. Slow bleed still until volume comes in.
Remember he said with out The GC USXP will be at 2.00 bucks!!!!!!
Who is "he"? Thanks.
out of all of this I see more of a paper trail and they don't like that
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