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Just buyback shares...plain and simple!!
MT should buy the float and pull his own certs.....
Buy back in the BOTTOM line. Actions speak louder than words. Come on MT, start the BB and watch the MM and shorts fry. It is truely that SIMPLE!
Close price?
Darrengus - GREAT POST!! I could not agree more. MT needs to put his money were his mouth is.
Posted by: darrengus
In reply to: None Date:3/21/2007 4:41:18 PM
Post #of 53705
Obviously MT has made some mistakes, this we know. But there are things that he can do to restore the faith of his shareholders and his credibility. I will first post where he went wrong and then what he should do to remedy the situation.
First: The Divy
He offered the divy to force the shorts to cover and it backfired because a certain broker TDA failed to cooperate.
He says the divy was distributed to the fundacion, but noone is satisfied because noone can see them.
Solution: The divy should be distributed to all other shareholders save the TDA shareholders. The TDA shareholders will get their divy when the problem with TDA is resolved. This will do two things, One, prove the divy exists, and two, force all TDA account holders to put immense pressure on TDA or leave TDA as a whole.
Audited Financials
The problem is that MT promised them and didn't provide them and then told us that it is a violation of Panamanian Law to release them.
The Solution:
Provide the financials certified by a reputable firm but black out the names of all of the private companies. By doing this we will see that the money and revenues actually exist and bypass any violation of Privacy Laws because noone will know what company made what revenue. At the Very least the cash on hand should be certified by a Third party i.e. Bank President etc.
Pulling certs for PDRs and Stock Buyback guarantee
This buyback offer should not have even been made until the Desimplex software for PDR trading was complete and up and running. This way there would at least be a trading platform that would be visible and available for testing. Also to state that this offer is backed by gold is like stating that you have 20 million dollars. Noone can see it, noone can believe it.
What you should do is take 2-3 million dollars and buyback as many shares as you can from the current float. This will be a signal that the company believes in its stock, the value it will carry in the future and will be less costly to the company should the guaranteed price levels never be met. For a company flush with as much cash as has been stated to not take a percentage of it and buyback its own stock is a bit absurd.
Finally, If you make a promise, keep it. Don't throw stupid excuses (Scanner) out to those that you want to be faithful and support your cause. All you have is your word.
Finally, Finally, You MT, are the CEO of an American Public company, you should show your strength and autonomy as its leader. Stop being a puppet to the Panamanian BOD.
Close price?
5 min?
10 min?
30 min until release......
Thanks!
Close price?
Close price?
PNMS should be buying at these levels!
Instead of buying the shareholders out, why don't they just buy the float?
I am holding long and strong....
Email these guys and ask them if they have heard of Panamersa or any of the members of the board of directors.
Bustamante & Bustamante - Auditores
Correspondent Firm
Address :
Edison Tower;
Piso 10;
Via Ricardo J. Alfaro;
Panama City
Telephone : +507 - 236 4155
Fax : +507 - 236 4143
Email :
allen@bustamanteyasoc.com,
ppon@bustamanteyasoc.com
Maybe it's one of the auditors below?
These companies audit Panamerica Capital Group, Inc which is also located in the Panama world trade center.
Auditors:
RSM Bustamante y Bustamante
www.bustamanteyasoc.com
Member of RSM International
www.rsmi.com
http://www.rsmi.com/Website/web.nsf/pages/DOC9140080F15BECABC802570EE004E17FA
http://www.panamerica-group.com/s/Home.asp
I disagree. AF will be released on March 15th (IMO). They would not go through the trouble of releasing Q4 AFs when the public was not expecting AFs to be released until May 15th. If this was a scam (which it is not) they could have prolonged it until May 15. Why would they shoot themselves in the foot 2 months early??
The only question / concern is which firm will be doing the auditing?
They better use an SEC approved auditor or we will be in serious trouble.
Long and strong...
Thanks!
Close price?
What if the audit firm is a known company but is not authorized to perform audits that are accepted by SEC? What do you think will happen to the PPS?
I'm long and strong - just asking.....
IMO the PPS all depends on the auditor. If the auditor is a well know, reputable company we should see above a penny. If it is an unknown Panamanian company we will go to the low .001's.
I wish we could get some more insight into the audit firm…..
The buy back must begin NOW!
I agree, this statement does not sound right.
When you do an audit in Panama, it is the law in Panama, that the Audit is personally approved or signed off by the President.
http://www.investorshub.com/boards/read_msg.asp?message_id=17673640
I don't like the secretness of this.....Why wont they just let the cat out of the bag?
I am long and strong!
However, I am concerned because MT has not revealed the name of the audit firm. I would think that if it was a reputable firm he would have mentioned it....I don’t want to think of the alternative.
Jackknife -
Very well put!!! Way to break it down and put it in simple terms.....We are definitely approaching the cross roads.
http://www.investorshub.com/boards/read_msg.asp?message_id=17643413
I am a contestant too. LOL!!!