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PAYI, solid gold or sink hole???
For many months, over a year now, I've been focusing on US listed China plays and some minnows in the energy rights area. Those being some of the most undervalued thrown out babes of the financial meltdown. The US listed China plays were a good idea and remain a good idea IMO.
So... of all the low priced .ob and Pink sheet junk out there, which ones have the most likelyhood of success? It only makes sense to shop from the US listed china pool for that ever elusive hundred bagger. Might, could be PAYI.PK??!!?!
Damned if I know, but it looks like a good little lottery ticket.
Best to ride free shares from swing trade profits imo.
PAYI up 60% today...and that's after a nice rise the prior coupla days too. Darn it...I was bidding at .0131 during the last dip and did not get filled for an additional swing trade attempt....
GHII is starting to move up too...odd that CAAH is not rallying on financial news today.
3 year weekly chart:
http://stockcharts.com/h-sc/ui?s=PAYI&p=W&yr=3&mn=0&dy=0&id=p28705583859
2 years ago PAYI was $2+, 3 years ago PAYI was $3+. Share count probably hasn't gone up much...relatively low float here with PAYI.
With a rebound this could easily be over a quarter and over the long haul, some shot at recovery. I wonder who owns most of the old stock? Do core investors still hold the stock? Incentive to recover equity?
The volume on PAYI's drop to all time lows has been relatively light...which hints that most shareholders are hanging on and not capitulating on horrible news.
Interesting to see how this plays out...risky but reasons for optimism.
I hope some folks bought the lows and are riding free shares, or working towards that. No stress pink sheet investing!!
Decent volume and a big % move up...hope this is just the humble rumblings for a big rebound.
come on PAYI ... run from this near coma!!
.036 HOD already for PAYI. Nice, I'm holding tight to my free shares, darnit, I worked several trades to get those darn shares of stock as profit. Let her rip to .10, then .20. Some year down the road maybe this sees $3+ again??
Stranger things have happened in the stock market!!
Good luck longs.
Looks like you are missed the GOOGLE sideline news. China is taking over and you sold at the very bottom. The PPS just hit .03 cents again. Glad I held.
I didn't lose much but I sold the sucker a while back. Cut the bait and my loses....i'd recommend you do the same until some positive news comes out about it...
Thanks TAtrader...everybody LOVES me. Often I get thank you's from folks for pointing out good trades before they happen.
sag3. Ya and CAAH is one of your others, down 40% today, headed to ZERO. LOL
83 my @ss, any idiot can make up a list of stocks then claim AFTER the fact when they move that they have free shares, you are the most pathetic poster to ever haunt IHub, thing is you are useless as no one has you book marked, the world knows your BS game. LOL
What a hero. LOLOLOL
I'm the proud bagholder of well over 10,000 FREE shares of PAYI.pk, from several relatively small swing trades.
My down side risk is zero, upside is pretty huge if PAYI recovers, survives and ultimately prospers. Free cash to come in a tax deferred acct. Play small, diversify, have fun.
Most of my china plays are higher quality, profitable cos.
Here's some interesting commentary on China stocks....
The Hot China Party Is Just Starting
Once in a century. That's how I would describe both the economy and the markets in Q4'08 and Q1'09.
That sixth months was as ugly as you will ever see short of nuclear war. That last six months was the ultimate melt down after one of the most turbulent decades in stock market history. March of '09 marked the turning point to a massive bull market that will go on for some time- if you know where to go to find growth- BTW- don't look too hard in the US.
The first decade of the 21st Century was one of the worst in stock market history. Look at the S&P 500 for this turbulent time.
On January 1, 2000 the S&P 500 opened at 1469.25. If you had bought the S&P 500 at the open on January 1, 2000, and simply held it to the close on December 31, 2009, you would have sold at 1115.10. Net loss- 24%. That's right- ten years of capital in the "you can't lose over the long term" S&P 500 yielded a net loss of 24%.
It was an interesting decade fraught with all sorts of economic challenges. Looking back, here's a few events that loom large- the collapse of the "Dot-Com" bubble, followed by the massive corporate fraud I call "Enronitis", followed by 911, followed by a few years of prosperity thanks to ridiculously low interest rates and absurdly lax credit standards, followed by the bursting of the real estate bubble and the global credit implosion. Did I forget to mention oil ran to nearly $150 per barrel and poured gasoline on the global credit implosion?
All of these disasters have occurred against the back drop of funding a constant state of War since September of 2001. When you look back, it was a pretty brutal decade to be an investor.
In my view, the definition of insanity is doing the same thing over and over again, and expecting a different result. Here's what the global markets will continue to do over and over again- find an area of growth and or inflating prices, pile investment dollars in that direction, then inflate until the bubble bursts.
Here's my definition of a Bubble- a shared, mass speculative hallucination. If the recent bubble in US housing isn't the perfect example, I don't know what is. Zero down mortgages to unqualified buyers with homes 40% over valued- what could be more absurd? Nevertheless, if you had some skills for participating in bubbles, all you had to do was get out before it burst.
So, let's look at an under inflated balloon.
China Stocks- Your Window Of Opportunity
Here's the good news- China stocks aren't even remotely close to becoming bubblicious yet. Here's the bad news- you're only going to have a couple more years to invest in China companies on US listed exchanges. They are going to be leaving our shores in the next few years as China's investment banking industry grows from the current toddler levels to more mature industry. The US will lose that business.
Here's what will happen- The Chinese won't require our capital or investment banking expertise any longer. Their markets are opening up. There are only two exchanges in China- the Shanghai Exchange, which is the equivalent of our NYSE. All of the government owned and sponsored behemoths can be found on the Shanghai.
The Shanghai has about 900 companies, and is closed to foreign investment. With 1.3 billion potential investors, there's too much money chasing too few stocks. Hence, stocks tend to be a bit overvalued here.
Then there's the new Shenzhen Exchange. This exchange is only a few months old, and is the equivalent of our NASDAQ- but with only 30 companies at last count. It's new. Money poured into these 30 stocks the first couple of days. This exchange is where hi tech companies without government ownership are raising capital and going public.
Chinese companies are currently encouraged by their government to raise capital off shore. It's simply another way of having our capital flow to China. The ideas I've been sharing have US listings- either on the NYSE, NASDAQ, or BB.
Investment banking skills are lacking in China, but I believe in the next few years the Chinese will get a quick education in corporate finance. They have the capital, so it's inevitable many of the companies will be able to find capital and trading markets at home. The US, and others like it will lose the business.
China recently announced it would start allowing trading on margin, and open a futures and options market. In a few years, we'll all have to learn how to buy China companies in China. For now, we can still participate in some real bargains.
.... SOOOO, I'll just keep expanding for more and more shares of more and more of these cos., while others swing trade for beer, gas and taco money. :~) In a few years, we'll see who's smiling.
PAYI is only one of my 83 US listed China holdings...so far. Lots on my watch list though, just waiting on HDY to run 300% to free up some cash!! :~)
China Stock Holdings:
CAEI, CBEH, CCGY, CGDI, CGYV, CHCG, CHFI, CHGY, NEWN, CHME, CKGT,
NEP, CNOA, CPHI, CHNR, CSGH, CHWY, CNYD, CGDI, CYXN, FEEC, FUFW,
GFRE, GHII, GU, JADA, LPIH, LTUS, SBAY, NFES, PFAP, PHIE, PUDC, SCLX,
CHNG, SNEN, SRRY, CHLN, GSI, CSUN, CSOL, CDBT, SGAS, LEGE, SUTR,
NOEC, CHGI, FXI, HAO, CTDC, CAAH, PFGY, CHGI, LLFH, CMM, IFSG, CHINA,
XSEL, CPSL, AOB, CHFR, HIHO, CNTF, CDII, WH, CHIO, XIN, TAO, CCTR,
CHGS, CPQQ, BSPM, CHBU, ACLO, SIAF, DRUG, PAYI, ZBB, XNYH, CNER,
GCHT, CLWT, CHOP
(83 holds)
Watch List:
AAMA
AAXT
ABAT
ABC
ACDQ
ACH
ACTS
ADY
AIDA
AKRA
ALIF
ALN
ALRC
AMCN
AMGY
APWR
ATAI
ATVG
AUTC
ASIA
AWSH
AYA
BBC
BBCZ
BEST
BIDU
BJGP
BNSO
CAAS
CABL
CABLW
CACA
CADC
CADQF
CAGC
CAGM
CALI
CAXG
CBAK
CBPO
CBTT
CCSE
CDS
CDYT
CEA
CEDU
CEO
CEUA
CFAQF
CFCG
CFQUF
CGA
CGYG
CHA
CHBT
CHDO
CHDX
CHHN
CHIF
CHSH
CISG
CHHB
CHL
CHLO
CHPC
CHMD
CHNQE
CHRN
CHU
CHV
CHWE
CHYU
CIHI
CIO
CISG
CIWT
CIVS
CMED
CMFO
CMM
CNAM
CNGL
CNUV
COGO
CPDV
CPLY
CREG
CREO
CRJI
CRTP
CRUI
CSGJE
CSIQ
CSKI
CSOF
CSR
CTDC
CTEL
CTFO
CTRP
CUIG
CVDT
CWEY
CXDC
CYD
CYOU
DGNG
DL
DRUG
EDU
EFUT
EJ
EMDY
ENHD
FEED
FFHL
FMCN
FSIN
FUQI
GA
GAI
GCIH
GEBD
GIGM
GLCC
GMPM
GOEG
GRO
GRRF
GSH
GSOL
GZGT
HEAT
HEK
HEV
HFGB
HITK
HKWO
HMIN
HNP
HOGS
HOL
HOLI
HPJ
HQS
HRAY
HRCT
HRBN
HSWI
HTX
IAQG
JASO
JGBO
JNGW
JRJC
JST
KHD
KNDI
KONG
KUN
KURU
LFC
LFT
LGDI
LDK
LM
LONG
LTON
LTSC
MEMS
MCJ
MHJ
MPEL
MR
NCTY
NED
NTES
NINE
NPD
NTE
NWCN
NWD
OLOU
OPAI
ORS
PTR
PWRD
QKLS
QXM
RADA
RDBO
RHGP
RINO
SCR
SDTH
SEED
SFBE
SGTI
SGZH
SHI
SHND
SHZ
SIMO
SINA
SKBI
SKII
SMI
SNP
SOHU
SNDA
SNPY
SOL
SOLF
SORL
SPFJ
SPRD
SSHZ
SSRX
STP
STTA
STV
SUWG
SUWN
SYMX
SVA
TBV
TCM
TGLP
TNROE
TOMO
TONJ
TPI
TSL
TSTC
TTY
TXIC
UTA
UTSI
VIMC
VISN
VIT
VLNC
WATG
WDAT
WEMU
WKBT
WMDG
WUHN
WX
XHUA
YGE
YGII
YONG
YSYB
YTEC
YUII
YZC
ZHYP
ZNH
Yes you pair are truely sad cases. Reghards "PAYI is doing almost no volume today...wonder why? " Thats what scams do, pump up the volume so you can get out with only about 50% loss, well maybe it will be 70% loss, you clowns are left holding the BAG, last to leave. LOLOLOL
BAGHOLD on.
With no news this might test the lows of .013.
Watching and waiting...if it dips fast or deep enough, it'll most likely provide a tradable bounce. Volume is not heavy enough to indicate serious problems at PAYI, but the lack of news from them is not confidence inspiring.
Similar stocks are CYXI, FUFW and CDBT in the us listed china sector, all pink sheet wild west "junk" that could do anything from go to zero to go up a hundred fold. Free stock from swing trades is the only way to play IMHO. But at some point, you gotta roll the dice and attempt to get the free stock!
yes. the guy is a really sad case. PAYI is doing almost no volume today...wonder why?
I told tatrader he should look at SBAY at $10.50. I cashed in for more free shares...it's almost to $17 already!!! China plays are kicking butt left and right. Love em!! I can afford some small gambles on PAYI type plays with free cash from free shares. :~)
I count tons of buys, no sells for you on this total POS scam, that makes you a BAGHOLDER losing his shirt. THATS THE POINT. LOL
Folks look at this pathetic complusive liar, almost 4000 posts, controls some boards and a totally pathetic people mark of 9. And I am one of them, he is another, totally pathetic.
Well did not sell all the MNAP I wanted to dump at .67 so still sell order in there, and sell FEEC still at .62 (very small amount left), ERHE POS died did not get fills at .59 still in with my 1/2 load, HDY well its just plain dead in the water.
I am lookimg to unwind all posistions into any strenght from here. HDY I may just dump it .90, but off to bridge so will leave that dead turd for another day.
I count 17 posts on this page alone. You are a loser. That was my main point.
Sorry folks...this pathetic stalker has to trail me on this site and spread lies.
Heck, I've posted most of my buys and many trades on this site and prior to that on inv. village. I don't make large bets, by basket of us listed china stocks, freebies from swing trades is turning into a bucket load of free stock with incredible upside. When china stocks go into bubble mode sometime in the next few years, I'll ligten up on the freebies and find something undervalued elsewhere to swing trade for free stock.
sag3 states "he vast majority of my stocks and US Listed China holdings in particular are all total BS"
sag3 so full of shit its funny.
The vast majority of my stocks and US Listed China holdings in particular are free ride shares from swing trading. The strategy is absolutely working and I'll just keep doing this, probably for years. Some stocks are underwater, why you post lies and follow me all over IHUB is not my concern...it's just odd and sad for you to be that way.
Update list of china holdings and watch list....watch list needs to be cleaned up of course.
China Stock Holdings:
CAEI, CBEH, CCGY, CGDI, CGYV, CHCG, CHFI, CHGY, NEWN, CHME, CKGT,
NEP, CNOA, CPHI, CHNR, CSGH, CHWY, CNYD, CGDI, CYXN, FEEC, FUFW,
GFRE, GHII, GU, JADA, LPIH, LTUS, SBAY, NFES, PFAP, PHIE, PUDC, SCLX,
CHNG, SNEN, SRRY, CHLN, GSI, CSUN, CSOL, CDBT, SGAS, LEGE, SUTR,
NOEC, CHGI, FXI, HAO, CTDC, CAAH, PFGY, CHGI, LLFH, CMM, IFSG, CHINA,
XSEL, CPSL, AOB, CHFR, HIHO, CNTF, CDII, WH, CHIO, XIN, TAO, CCTR,
CHGS, CPQQ, BSPM, CHBU, ACLO, SIAF, DRUG, PAYI, ZBB, XNYH, CNER,
GCHT, CLWT, CHOP
(83 holds)
Watch List:
AAMA
AAXT
ABAT
ABC
ACDQ
ACH
ACTS
ADY
AIDA
AKRA
ALIF
ALN
ALRC
AMCN
AMGY
APWR
ATAI
ATVG
AUTC
ASIA
AWSH
AYA
BBC
BBCZ
BEST
BIDU
BJGP
BNSO
CAAS
CABL
CABLW
CACA
CADC
CADQF
CAGC
CAGM
CALI
CAXG
CBAK
CBPO
CBTT
CCSE
CDS
CDYT
CEA
CEDU
CEO
CEUA
CFAQF
CFCG
CFQUF
CGA
CGYG
CHA
CHBT
CHDO
CHDX
CHHN
CHIF
CHSH
CISG
CHHB
CHL
CHLO
CHPC
CHMD
CHNQE
CHRN
CHU
CHV
CHWE
CHYU
CIHI
CIO
CISG
CIWT
CIVS
CMED
CMFO
CMM
CNAM
CNGL
CNUV
COGO
CPDV
CPLY
CREG
CREO
CRJI
CRTP
CRUI
CSGJE
CSIQ
CSKI
CSOF
CSR
CTDC
CTEL
CTFO
CTRP
CUIG
CVDT
CWEY
CXDC
CYD
CYOU
DGNG
DL
DRUG
EDU
EFUT
EJ
EMDY
ENHD
FEED
FFHL
FMCN
FSIN
FUQI
GA
GAI
GCIH
GEBD
GIGM
GLCC
GMPM
GOEG
GRO
GRRF
GSH
GSOL
GZGT
HEAT
HEK
HEV
HFGB
HITK
HKWO
HMIN
HNP
HOGS
HOL
HOLI
HPJ
HQS
HRAY
HRCT
HRBN
HSWI
HTX
IAQG
JASO
JGBO
JNGW
JRJC
JST
KHD
KNDI
KONG
KUN
KURU
LFC
LFT
LGDI
LDK
LM
LONG
LTON
LTSC
MEMS
MCJ
MHJ
MPEL
MR
NCTY
NED
NTES
NINE
NPD
NTE
NWCN
NWD
OLOU
OPAI
ORS
PTR
PWRD
QKLS
QXM
RADA
RDBO
RHGP
RINO
SCR
SDTH
SEED
SFBE
SGTI
SGZH
SHI
SHND
SHZ
SIMO
SINA
SKBI
SKII
SMI
SNP
SOHU
SNDA
SNPY
SOL
SOLF
SORL
SPFJ
SPRD
SSHZ
SSRX
STP
STTA
STV
SUWG
SUWN
SYMX
SVA
TBV
TCM
TGLP
TNROE
TOMO
TONJ
TPI
TSL
TSTC
TTY
TXIC
UTA
UTSI
VIMC
VISN
VIT
VLNC
WATG
WDAT
WEMU
WKBT
WMDG
WUHN
WX
XHUA
YGE
YGII
YONG
YSYB
YTEC
YUII
YZC
ZHYP
ZNH
Oh look its sag3 the novice who claims to own 83 scam stocks just like PAYI. He is to funny, and best part is all 83 he has FREE shares, what a total fool, does not grasp reality and therefore does not know how much he exposes himself as not just a fraud but a idiot.
What are you talking about, I posted PAYI was a scam when it took on the "E" and advised you bag holders to sell when it was .05, instead you listened to novice pumper sag3 and added more.
Ream job ahead.
So is that what you wanted? Clarifaction....
PAYI only 5K shares traded.... bid dropped to .019. Watching for a buy back point for a new swing trade if this gets rocked back down near all time lows, or less.
CAAH is due for fincials and a rally soon imo. XSEL, my buy there is already working...same with the recent buy of CSOL. Both look like they could rally nice this year...several hundred % gains possible actually.
Sorry guys. I don't read most of tatraders sad lying rants. He stalks me. LOL, actually I'm up to 83 or more US listed China plays now.
CYXN worked great for adding more freebies. AMLM isn't china, but easy trading for free shares lately. SBAY worked out well for bottom feeding and cashing in for more free shares. Same with CHFI, JADA and many others like PAYI.
What's so hard to understand about taking free shares as profit? I bought first in the .06 to .07 range, flipped those shares to buy back lower, and averaged down, sold the bounces etc. Most recently took a 40% or so gain on a larger volume trade...easy to get tens of thousands of shares at well under 2 cents...so 40% of that is a nice little stash of chips to hold in case this one works out.
Sure I'd love to have more shares of all...but I'm keeping bets modest and moving the money around.
NEP was one of my early ones...it's up over $11 now. I've swing traded it many times and even cashed in freebie shares a few times to diversify into more and more china plays. IT's almost too easy.
tatrader11 look how many times you have posted
What have you contributed? Absolutely nothing. Get lost.
"LOL, I asked my 10 year old out of the blue... Hold or Sell???
She said Sell."
Well maybe nowe you will start making some money, clearly your 10 y/o is smarter then you, and has a great deal more comman sense. To bad she has a total failure for an old man, real sad.
sag3 "Many months ago"? you lying POS. You first started pumping it when you bought .07, it then got the "E" and you posted buy buy buy getting more at .04 and you also claimed buying more .015, seems your avg price must be about .05, no wonder you are lying hru your teeth and pumping hard. This is a scam POS stock.
sag3 get out there and pump your love HDY, I took on a huge posistion, never mind this scam, they will likely never file again, move on. By the way did you delete below post on HDY board yet?
Get out there and pump you lazy novice. Better to spend your time doing that instead of deleting all my posts. So get out there.
HDY is sucking, good thing MNAP and FEEC are shaping up nicely.
FEEC kaboom, breaks out right on tee, thing is right now its last .55 up .06 but bid/ask sucks. .505 x .58, now thats a big spread, clearly no sellors but buying dried up at .55
BTW, with original cash freed up... got some XSEL at super low price today. I had a small, token free shares from when it was closer to $2. Now I'll have enough shares to make it worth tracking!
Good luck....will be watching PAYI closely still...if it tanks again, will probably buy modestly again.
OK, since I have no idea why it's going up...taking more free shares as profit this afternoon.
LOL, I asked my 10 year old out of the blue... Hold or Sell???
She said Sell. Hope the stock keeps going up! As I now have enough shares that I'll be doing a happy dance when this hits .50 and enough to buy a decent late model car at $1. :~)
Good luck all.
.022 bid... ask price is way up?!?! Somebody posted news was pending on yahoo...but that post was "removed".
Wazzzuppp??
Anybody??
PAYI up again. .02 bid. .022 ask. Nice, but anyone know if there is any new info out??
UP 35% yesterday. Hope to see some credible news from PAYI soon....anything like that at all and PAYI could run 400%+ in "no time".
PAYI showing some signs of life on the chart today. L2 looking better.
Wouldn't it be a hoot if this one ran up 10X's for no apparent reason!!!!
FUFW is one I've got freebies on from many months ago. It went for months with nary a trade and a huge spread. Yesterday it popped over 1000% on modest volume. No action today, but it's very odd that a 6 cent bid would sit for months unfilled if the co. was over and out.
PAYI is PK now too...so this is the wild west...about anything can happen.
sag3 the great BAGHOLDER claims to have sold some. When was that as you were always in PUMP mode on this scam. LOL
We all know you are a BAGHOLDING fool and a little minnow at that.
And after all that excitement over HDY.
Below a post on it that will be deleted on the HDY board as you censor it deleting any and all objective posts, thats why the only posts on HDY board are from the controller on sag3 a pathetic bag holding pumper. LOL
HDY another pathetic dead cat bounce as a few more novice get sucked into the pump. LOLOL
BAGHOLD on. LOL
So much for sag3 and his bag holding 82 china micro caps, mostly all total crap, but we all know he is full of it, but are others aware of this info.
"However, new SEC regulations start Monday for Chinese stocks listed on US exchanges for open full disclosure for data & filings, etc, and it could prove that many who are investing on info on various Chinese stocks find, that the information previously reported by them was embelished a tad bit and not entirely accurate and create major price swings for many Chinese stocks
this month..."
Regards "resident is mad he is the only resident bagholder. No buyers soon sub penny. Poor resident. Pumper gets what he deserves."
And he aint a very good bagholder either. LOL
BAG HOLD on. LOL
Hey sag3 so called investor (really a bag holder), have you figured out your POS PAYI that is likely a total scam only needs to go up like 500% to get back to your first entry level of .07, you keep averaging down on this POS. LOLOLOL
Yep average down some more on this scam, only means your final loss will be LARGER, but as you point out your avg price buying will be lower when it hits ZERO.
What a total fool, calls smart logicial traders girlyman when they dont trade his crap, sag3 is one funny pumper....
I'm holding a light weight bag on the chance this turns around...very low cost speculation now, but my confidence is not too high either at the moment.
resident is mad he is the only resident bagholder. No buyers soon sub penny. Poor resident. Pumper gets what he deserves.
PAYI does look like crap, but IF they survive, turnaround and prosper, those who bought at the darkest hour will make insane % returns.
I like CAAH here.
3 year weekly view...cash flow positive, profitable, trading at cash value?
http://stockcharts.com/h-sc/ui?s=CAAH&p=W&yr=3&mn=0&dy=0&id=p05392992060
Gut feeling is CAAH will rebound 2010
So sag3 averaging down from .07, foolish, totally follish, just means you will lose MORE money, but your avg price will be down. LOLOLOLOL
Talk about being a fool, who bag held this from .07 and did not exit when the "E" warning came. You are the fool, as is your bud sag3. BAG HOLD ON. LOL
Added more at .016. First new trade here in awhile... a gamble really. Tax loss selling should end now and perhaps for early Jan. some guidance or news of some kind from PAYI??
CYXN and SBAY paid out nicely, quickly. I took profits too early, primarily because so many stocks are beaten down...cash for bargain hunting is good. CLWT ,got my first shares of that yesterday.
What a novice? The stock can make a 100% move on account of 500k shares...that is the result of a low float. That can happen in one day fool, and if you haven't seen that kind of action before, you are the novice.
I don't think there is a person here who honestly cares what you have to say at this point. Go complain about someone else. Your time here is void.
Now this kid is a real joke. sag3 states " So far, trading on the pinks hasn't been bad for PAYI."
Lets see was .07, then stopped reporting got the "E" then went to .04, now its delisted to the stinkie pinkies and is .018 - .02 and the fool says "hasn't been bad". I guess he means has not been bad compared to the crap he holds, pretty sad, hes down 75%, the stock needs to go up about 300% for him to break even and thats not bad, what a total novice. LOL
sag3 -- You still pumping the same old crap (HDY,PAYI,CAAH) or have you found some more scams to pump. You must be down well over 50% the last couple months yet still post BS about so called FREE shares, what a total loser. LOL
The only thing thats plain stupid about PAYI is holding it hoping this POS is not a scam and will begin reporting something of interest one day casing a pop so novice can run for cover at break even. Thing is odds are it will go to ZERO.
We call it dead money, as in BAG HOLDING worthless paper. Thats what sag3 is great at, finding crap, buying it, then holding to ZERO.
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02/24/07
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Pay88, Inc. PAYI.OB
Share Structure
A/S: 105 million
O/S: 10.1 million
Float: 1.8 million (97.5% of which is controlled by insiders)
Market: Chinese Online Gaming, Money Transfer, e-Commerce
Pay88 merged with Qian Bao Technology on 9/7/2006 to integrate technologies to better compete for customers in the billion dollar Chinese online gaming market.
In the final quarter of 2006, Pay88 purchased the rights to core software code for the development of several proporietary online games. As of the year's end, the company has completed the development and commercialization of (2) online games which are both currently operational and active and can be seen at http://game.pay88.com (Chinese)
The bottom line margins on revenues generated by proprietary online games can be significantly broader than the reselling of third party game time. The company recognizes this fact and is currently acquiring and developing additional proprietary games for distribution in early 2007.
Pay88 Games can be played from either a computer or cell phone!!
How a Pay88 Game Works in China:
-In order to participate in Pay88 online games, consumers must first purchase game points or "i-money". Online players then compete against other players to accumulate points. The company charges a 5% service fee on all winnings.
-Points (i-money) can then be used to either play additional games or to make purchases through the Pay88-Qian Bao online shopping malls. The sale of shopping mall products then generates additional revenue for the company.
-Players cannot cash in i-money!!
In under 3 months the company has built a database of over 800 online digital products available for purchase through its website http://www.iamseller.com (Chinese)
Pay88's Revenue Stream Comes from 3 Major Sources:
-On-line Games
-On-line Sale of Digital Products
-On-line Sale of Traditional Products
PAYI began operations in 2004, licensing its proprietary online payment platform systems to end user companies allowing companies to accept all forms of consumer payment, including credit and debit cards. PAYI merged on September 7, 2006 with Qian Bao Technologies which owns and operates on-line shopping malls throughout China. Their online marketplace offers over 800 digital products to Chinese consumers. They have established affiliate marketing agreements with a growing list of on-line retailers, content providers, and internet cafes (which is where a majority of Chinese consumers access the web). Qian Bao Technologies was a seamless integration with the Pay88 payment platform system as they embarked on several new markets together including the billion dollar Chinese gaming market.
As the company's customer base and revenue grow, Pay88 will extend Qian Bao's offerings to traditional retail products suitable for online sales. These products will include:
-Electronics, Clothing, Gifts, Books, Music, House Wares
The company utilizes multiple popular online surfing channels and brick & mortar internet cafes across China to promote the www.iamseller.com online shopping mall portal and games.
Pay88, Inc
1053 North Barnstead Road
Barnstead, NH 03225
United States - Map
Phone: 603-776-6044
http://www.pay88.com
http://www.iamseller.com/ (chinese)
SEC FILINGS
http://finance.yahoo.com/q/sec?s=PAYI.OB
COMPETING COMPANIES
NCTY NTES SNDA SINA
NTES = Netease.com Inc.
SNDA = Shanda Interactive Entertainment Ltd.
SINA = Sina Corp.
Industry = Gaming Activities
HEADLINES
http://finance.yahoo.com/q?s=PAYI.OB
Moderator's Disclaimer - This board is for (PAYI) discussion purposes only and is in no way a recommendation to buy or sell. Any investment decisions should be based on your own due diligence and decision. You are solely responsible for your choices to buy or sell. This is a disclaimer and in no way holds the moderators/assistants, legally liable for your investments.
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