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Last Post: 4/20/2011 10:44:49 PM - Followers: 22 - Board type: Free - Posts Today: 0

Pearl Asian Preferred Shares Board

This board is for the discussion of the Pearl Asian Mining Preferred shares.







Contact Us

USA
Investor Relations Officer:
Engr. Anthony Val Gary Gotanco, MBA V.P. / Business Development Chief IRO
Phone: +011-63-2-490-0140 - Direct
1-866-732-7888 / 1-650-814-3268 Fax: (877) 317-4430
E-mail: IR@PearlAsianMining.com

USA Mailing Address
c/o Corporate Direct
Attn: Pearl Asian Mining Industries, Inc.
60 East Simpson Street
P.O. Box 2869
Jackson, Wyoming 83001

PHILIPPINES
Randolf Villanueva - President / CEO
E-mail: rvillanueva@pearlasianmining.com
Gary Gotanco - Vice President / BDO (Business Development Officer) & Investor Relations Officer - Philippines
E-mail: gary.gotanco@gmail.com
Philippines Corporate Headquarters
3101-B East Tower - PSE Center - Philippine Stock Exchange
Exchange Road
Pasig City, Philippines
Phone: 63-2-490-0140
Fax: 63-2-490-0144

CANADA
Canada Corporate Office
3030 TD Bank Tower
700 West Georgia Street
Vancouver, British Columbia
Canada V7Y IAI
1 (866) 732-7888

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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:

Period Conversion Rate
------ ---------------

Up to March 30, 2007 10,000 preferred for each common share
March 31, 2007-March 30, 2008 5,000 preferred for each common share
March 31, 2008-March 30, 2009 2,500 preferred for each common share
March 31, 2009-March 30, 2010 1,250 preferred for each common share
March 31, 2010-March 30, 2011 625 preferred for each common share
March 31, 2011 and after 500 preferred for each common share
“With this development, we hope to encourage PAIMP shareholders to hold on to their shares instead of immediately selling or converting these to common shares, but the final decision rests with the shareholders. The same holds true for PAIM Convertible Debentures (CDs), as we continue to work for this security to start trading in the OTC Yellow Sheets soon,” added Ms. Pearl.

Meanwhile, renovation work on the newly acquired Pearl Asian Chemical & Metallurgical Geosciences Laboratory in Cagayan de Oro City is in full swing. Brother Manolo Tecson, Pearl Asian President for Mindanao Operations & CRO, states, “The decision to acquire a new building was made as this new property is more ideally situated in an industrial area and much nearer to the Binasan mine site. Aside from the laboratory, the new property will also house Pearl Asian’s new main office on Mindanao Island and a bank for miners that is currently being set up, the 'Bae Rural Bank,' and solidly backed by the company’s gold, silver and other precious metals only. We expect completion of renovation works by end-March 2007, and start of the laboratory’s operation immediately thereafter.”

Finally, PAIM still awaits from NASDAQ the X date for the stock dividend issuance of 1 PGMC/Phil Oil common share for every 100 PAIM common shares held as of record date of Feb. 26, 2007. “We are hopeful that NASDAQ will give us the date for the stock dividend in the next few days. Once we do have the X date, we shall commence sending out the stock dividends to eligible shareholders. This will be automatic – the more than 5,000 eligible PAIM shareholders do not have to do anything, we will just mail the stock certificates to them,” stated Gary Gotanco, VP-Bus. Dev. and Investor Relations Officer.

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.

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Pearl Asian Mining Industries Issues Clarification on 15 Billion Projected Increased Public Float of Its (PAIM) Common SharesLast update: 6/11/2007 9:30:09 AMCurrent Issued & Outstanding Public Float Remains The Same! MANILA, Philippines, Jun 11, 2007 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. with Stock SYMBOLS: U.S.A. (PAIM); (PAIMP) reports: Investor Relations Officer Jeffrey A. Bosaw, explains and clarifies concerns and issues about the projected increase of approximately 15,000,000,000 of its issued and outstanding common shares: "I know that a lot of PAIM shareholders are upset, or do not understand the float increase, that I projected last week. A lot of people are converting their preferred shares which are being added to O/S float. In 2006 last year, some people converted their CDs which added to the float also. What concerns me most is that the preferred shares have been converted, or are being converted now. I have been receiving many phone calls from brokerage houses, and investment firms from all over the place, wanting information on how to get the preferred shares converted, that are in their clients' accounts and the numbers are staggering way beyond what was issued." "The 15 Billion that I mentioned the projected float could be by the end of June, is a maximum calculation, it should not be that. The current float still remains the same. We announced this now, so people did not get upset with the company, trying to say we were hiding it. We want to keep our shareholders/ investors informed of what is going on right now," reports Bosaw. "Going back to my concern about all the extra preferred that are being claimed out there, that should not be there. Almost all of the broker dealers, and investment firms' are asking how to get the certificates, which is leaving me to the understanding that there is a lot of shorted preferred, which would be consistent with the complaint filed by one brokerage firm against this larger brokerage firm for failure to deliver (FTD). I now know that there are a lot of shareholders that could not get their certificates if they tried, because they are FTD. I believe this to be the case, if not all of the brokerage houses and investment firms. This would explain why they all decided to send people's certificates out, when other people can't get them from the same brokerage houses and investment firms. I know of one shareholder who has been waiting for his preferred certificates for over 9 months now. He has filed many complaints with the SEC too," added Mr. Bosaw. Pearl Asian Mining is looking at having profit sharing for all shareholders at least once per year. The Cash Dividend will be issued directly to the shareholders, and mailed to their known address upon verification of its legitimacy as holders on the record date. The distribution will not go through any brokerage house or investment firm, but directly to the shareholders' known address. "Yes, we have a plan to decrease the O/S float, and it will not be a reverse split, the company promised it would not do that, and PAIM will not. PAIM will not do another CD debenture either. It will be something that will benefit all long term shareholders. The secret share holder of the 1,074,000,000 reported for cancellation never got the certificates for clearance, yet just started selling and perhaps may have sold them all. How can someone be able to sell without the shares?" noted Bosaw. "The cash dividend is only being issued on common shares of PAIM. The CDs have both face value, and conversion value, so do not let your broker tell you different. Yes, we are working on getting PAIMP trading again, it should have never stopped. Furthermore, the Company will not and does not have to sue anyone that owes dividends because they are short. The shareholders will have to get from their brokers that owe them. We will have a list of all that got paid, and the ones that need to get paid," explained Bosaw. The company does not pay 60% to anyone. Company pays from 1% to 3% to the agreed M.P.S.A (Mineral Processing Sharing Agreement) of the net profit. PAIM is now generating revenue, 60% stays in the Philippines for expansion, working operations, improvements and salaries and so on, and 40% goes to PAIM Wyoming in accordance to the Philippine Law. PAIM has its own separate community outreach funds from "ORO Operation Reach Out USA" to help the company's own community relation services and programs. "Lastly, the gold is only reported when it goes through the Central Bank of the Philippines, or sold to a private party. The company owns everything free and clear DEBT FREE, therefore it cannot and will never go bankrupt. If it did file a bankruptcy, PAIM would be liquidated, and the shareholders would make a killing!" exclaimed Bosaw. 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.



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PostSubject
#1901   I hope a udat i fould on these Super2013 04/20/11 10:44:49 PM
#1900   It was to mature 7/10/2011 Super2013 04/20/11 10:42:51 PM
#1899   i have a total of 220 shares Super2013 04/20/11 10:41:29 PM
#1898   What is it worth now ? Super2013 04/20/11 10:40:47 PM
#1897   I still own alot Super2013 04/20/11 10:40:23 PM
#1896   your account would be correct, but Greta Grabo 10/14/10 09:38:46 AM
#1895   hello,anyone here tell me please what my 1 cureautismnow 10/13/10 11:01:06 PM
#1894   My 23 shares just vanished from my Ameritrade Drugdoctor 12/11/08 08:00:24 PM
#1893   Short interest here is showing 191 shares: mikesharen 12/02/08 04:34:12 PM
#1892   I would have to screen shot and save Greta Grabo 11/19/08 10:17:52 AM
#1891   Ameritrash showing 23,000 dollars value for my 23 Drugdoctor 11/19/08 10:13:42 AM
#1890   my account shows no value to these phantom Greta Grabo 11/19/08 10:10:51 AM
#1889   It pizzes me off to no end to Drugdoctor 11/19/08 10:01:28 AM
#1888   Actually I was quite surprised to see these Greta Grabo 11/19/08 09:59:55 AM
#1887   LOL, try ZNXPP - must have reverse split Drugdoctor 11/19/08 08:43:45 AM
#1886   valued at 1000 per share, I have Greta Grabo 11/14/08 03:00:41 PM
#1885   ZNXPP new symbol effective now! mikesharen 11/13/08 12:01:19 AM
#1884   Yes they did, 1-75 r/s Dec 11/07 Jim Bishop 04/21/08 04:30:38 PM
#1883   Hi Jim I finally got those shares but I Like Bottom Fishing 04/21/08 04:26:38 PM
#1882   :)))......boy aren't we big shareholders.......nothing like losing our makesumgravy 04/18/08 07:34:58 PM
#1881   Well they are back now bobcat88 04/18/08 03:08:13 PM
#1880   I will sell you mine for 1/2 price. Greta Grabo 04/18/08 02:34:22 PM
#1879   Indian givers! makesumgravy 04/18/08 02:32:12 PM
#1878   Yeah like we will be living on another makesumgravy 04/18/08 02:31:46 PM
#1877   you can buy mine then you will have makesumgravy 04/18/08 02:29:00 PM
#1876   ST just took them back away. bobcat88 04/18/08 12:24:37 PM
#1875   Sounds like a good (long-range) plan!! RickInv 04/18/08 09:22:29 AM
#1874   We depend on management to someday have this DonLeopoldo 04/18/08 09:17:50 AM
#1873   Someday this shares will trade (I think/hope, LOL)... DonLeopoldo 04/18/08 09:08:58 AM
#1872   Maybe you could ask your broker to send RickInv 04/18/08 06:52:09 AM
#1871   Yes!!!!!!!!! another one bites the dust! makesumgravy 04/17/08 01:58:00 PM
#1870   WAHOO I got 5 shares in Greta Grabo 04/17/08 12:19:17 PM
#1869   thanks to whisltes ohio12 04/12/08 10:09:32 PM
#1868   They're not restricted. Could just be that Jim Bishop 03/24/08 10:29:50 AM
#1867   The last thing I remember about ZNXT is DonLeopoldo 03/23/08 01:31:42 PM
#1866   So you have any idea of why ZNXTP DonLeopoldo 03/23/08 01:30:22 PM
#1865   I asked my broker and he said that DonLeopoldo 03/23/08 01:29:16 PM
#1864   I asked my broker and he said that DonLeopoldo 03/23/08 01:29:13 PM
#1863   lmao no vol now... wth happpened Psionic Trader 03/03/08 12:55:39 PM
#1862   Lets hope we live many more years...if so, Jim Bishop 02/08/08 11:12:14 AM
#1861   Is this gonna trade sometime in my life? makesumgravy 02/08/08 10:55:45 AM
#1860   to late for that.... Greta Grabo 12/18/07 01:59:02 PM
#1859   What none of them want to do is makesumgravy 12/18/07 01:56:53 PM
#1858   they can not justify it, just Greta Grabo 12/18/07 01:52:34 PM
#1857   Not one of these companies can justify billions makesumgravy 12/18/07 01:50:04 PM
#1856   ok so my 428 (allthatisleft) is 75-1 which Greta Grabo 12/18/07 01:00:37 PM
#1855   http://www.pr-inside.com:80/pearl-asian-mining-industries-inc-paim-paiip-r341081 makesumgravy 12/18/07 10:59:50 AM
#1854   Scam stock.... plashadpobedy 12/15/07 03:14:01 AM
#1853   re - I thought for sure it would Drugdoctor 12/15/07 12:27:24 AM
#1852   Raven moon love that 8000 - r/s Greta Grabo 12/14/07 05:00:00 PM
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