PMI Group Inc. (PMIR)

[mkinhaw]

All shares canceled today

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/01/2013&mkt_ctg=NON-OTCBB

MK

[UNDAUNTED]

The plan filed & approved 3 months ago said commons will be wiped out. Trading is now halted. Existing shareholders to be, correction - are wiped out.

[Coupe00]

Bad as the stock price is reflecting. It means nothing was amended in favor of the commons. Just a matter of time now.

My take.

Coupe

[Trade_50k_a_day]

Good or Bad???

[Brooklyn75]

Sounds like you are on the wrong board :)

[Bluelightspecial]

I am back in! Just purchased 150,000 shares @ .05 . this thing is going to run! JK, Lol. Not to jack this thread but I started another Thread regarding "Frontier Rare Earths Limited" (FREFF on USA Market) and (FRO.TO on Toronto's Market). Have any of you looked into this stock? I would like some input if anyone has any. Her is my last post on that thread; FYI - So I found out today that if you purchase this stock in the USA it's Stock Symbol is FREFF. If you purchase it through the Toronto Exchange it is FRO.TO. When I was checking the stock on Yahoo Finance FRO.TO was doing much better than FREFF. I purchased my stock in this company through the Toronto Exchange but my account kept showing me the FREFF and it's stats. After speaking to my Broker he said that I will usually see it as FREFF on any of the USA Stock Quote Websites. Since it does not trade in the USA very often the Stats I am seeing are usually a couple weeks old. If I/you want a more accurate picture than I/you have to check the FRO.TO and convert the dollar amount to USA dollars which right now is about a 3% difference.

[Coupe00]

"Don't be so skeptical" Really?

Nice run. All the way back now.

I am not sure how you could have anything more the skeptism for PPMIQ.

GLTA
Coupe

[TruckingAngler]

Saw the "plan of distribution" came out Friday::
http://www.kccllc.net/pmi/document/1113730130919000000000004

Most here now are only watching movement of stock - NOT the progress of this CH11...

GLTA
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.
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[Makemoneymonay]

Or

[crawfish poboy]

Could be Roy stuck some in back account and gonna let it ride. Has a history of some nice quick runs.

[Roy London]

Q'S ARE HOT Is pmmiq the next one... it has been riding the 50 day weekly for sometime..too early to tell but 8 cents is the target thus far..after that???

[Makemoneymonay]

Don't be so skeptical! We know this thing is capable of running. Maybe today's the start of another run!

[Coupe00]

Now what is this? Flat line for months and then a jump. Prob just drop back down like usual.

[Brooklyn75]

I smell something good cooking here:)

[Makemoneymonay]

Well the drop came about 6 hours after my post, but no I'm not happy. I'll wait and HOLD what I've got for now, though.

[Brooklyn75]

You got what you asked. large space in between few minutes after your post also dropped.you happy now?

[Brooklyn75]

I noticed lot's of buying today also 1.6 mill ,that's a good thing .

[Makemoneymonay]

Has anyone else noticed that virtually every trade for the last 2 weeks has been for .047?

It's trading incredibly tight for a stock that used to have a 10-15% spread on bids that were usually only for 1 share.

Any insight? Is it manipulation to keep a lid on the price? Are big time holders trying to sneak out at .047 before the bottom drops out?
I can't tell if this strange trading pattern is good or bad.

Then again, maybe it means nothing.

"$1.1 billion in tax deferred assets"

[0001]

Haven't been here in a while, whats new? No more mods? lol maybe I should take it back

[Garyst]

Hi Coupe00. I still keep an eye on PPMIQ each day to see how it's gonna play out.

[Coupe00]

ok, I will shut the lights out.

[Garyst]

Still some buying going on today.

[Garyst]

I see that. It will be interesting to see how PPMIQ ultimately plays out here.

[Makemoneymonay]

Me too.

Hey, 6 months isn't such a long time when you've been through all these spikes and drops as well as the mysteriously long halt to trading in October and November of 2011. Not to mention the day we went sub-penny on a 200 share trade.

I just can't help but get the feeling that this is different from other doomed Q stocks.

Strange low volume trading manipulation and cloudy asset valuations...

[Coupe00]

Trucking glad to see you back. Looks like all the quick money buyers are gone for now.

[TruckingAngler]

I see ANOTHER extension for filers...

I knew it would be another 6mo before ANY direction at all..

GLTA
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.a

[Garyst]

I think you'll be able to make your losses back from PPMIQ on something else. At least you sold and have something left whereas waiting may not have turned out that way.

[Man6677]

Yes that's true , but the problem in my opinion is and was , that the company not say exactly what will happen
to us shareholders !
Really curious in my opinion too!
But i don't like to think now about that anymore too!

[Man6677]

Thanks Garyst !
I am very happy for have been sold
my shares yesterday too and you always say to me what's going on here too!'

[Garyst]

Very true. It is always interesting to know how things play out just for reference and for future plays.

[rmuncast]

What kind of sucks is that (as far as I can figure) unless there is a poster on here (that will give updates) that keeps the shares when the day comes that the shares get cancelled/or redistributed or whatever, we won't know whether common shareholders would have lost everything or not. I'm too curious to not know lol

[Garyst]

Although you too sold with a loss, at least you have money left to build back off of. Waiting til the end with no certainty could result in ending up with 0 if the shares are cancelled so your $ you walked with today (even at a loss) is better than the possibility of nothing.

[Garyst]

Unfortunately we can never predict the direction of these plays. When PPMIQ had the large run back a couple months it turned out to be a one day event and then it fell and never came back up. I actually bought before the rise at 089, rode it to the 28 level and never sold and thinking it would continue upward. Within days it fell and I ended up holding and ultimately selling today.

[rmuncast]

It's looking like that was a good choice. Likely the same trend for the rest of the week.

[Bluelightspecial]

I sold today at .05, I was holding 67,000 shares.

[rmuncast]

Thanks Man6677. Good luck to you too!

[Man6677]

Very good , i had always problem to sell some shares, but it's better than risk everything !
Well done and GLTY with a lot of new
possibilities too;)!

[rmuncast]

My initial entry was a small amount at 0.14 (the first trace back after hitting 0.28, thought it would go back up), then I was able to average down by getting more at 0.08. Turns out, it never went back up lol.

Yes, the slow decline (as well as steady training) with increased volume was a bit misleading, but the overall picture looks like it'll keep slowly decreasing in pps. And add on the fact that nobody knows if our shares will be cancelled. Oh well, I put my 40 % remaining from PPMIQ into NXHZ. Maybe that will make up my loss

[Garyst]

I too decided it was time to take the loss and sell out. The trend certainly has been down in the past couple weeks thru the 05's and now into the 04's. It's a very subtle decline and on days in between we saw Green a few times but looking at the totality of things...... it's trending down and with the "unknown" as to whether we would get any of the new shares or not, I thought it was time to take what I had left and sell. My initial entry was around 089 so I ended up down around the 40% range or so.

[Makemoneymonay]

We shall see about those .03s. I predict it bottoms at .04 and then spikes. Looks very similar to the last spike/gradual drop off/spike pattern between April to June.

[Makemoneymonay]

We

[Coupe00]

Bye Bye .05. Here comes .04 and then .03.........

[rmuncast]

Well I sold out and took the loss (51%). It seems to be trending down again and I'm worried about what will happen when that 0.50 at the bid gets taken out. I only had a small position anyways.

Good luck to all who are still in.... I hope it goes back up for you (although I will have to kick myself)

[Man6677]

Thanks a lot !
Have a good time !

[Man6677]

Thank rmumcast;) !
GLTY!

[rmuncast]

Thanks, I'm going to wait a bit. Good luck in your next play!

[Man6677]

I am out now , and the game is over here with 35% loss , but i wish you the best ;)!
GLTY ! and GL to all!

[rmuncast]

Even though the bid keeps dropping since people keep getting filled at the bid, the ask has been holding steady all afternoon. Not really typical is it?


Edit: Ok, as I wrote this, it dropped a touch

[Garyst]

Very true. All it takes is a 10-20% bump up and others start to notice and many times the volume will pour in and generate a nice percentage gain. Yesterday there were a couple Q plays that had that happen and went up over 100%.

[Man6677]

Hope so too , i am waiting along time now , and need to take care for not loose all my shares too;)!
GLTY!GLTA!