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90% of the people with PDRs have responded, and paid the $40. All 40 of them.
How will you know ?
I'm 99 % sure that this is not true...
The company did nothing wrong
That could qualify for the joke of the year.
First of all you seem to forget that MT was part of the company and was working for it - he wasn't a freelancer.
Not only that the company did awfully much wrong, they are still doing nothing helpful (this is true until they will proove us better).
A RS with the result that the share price is a tenth afterwards and the share is now on the grey sheets, apart from the aspect that dilution is now technically possible.
Reporting financials with company assets of $150 is a big success too, yes really.
And just a small "goodie" from my personal experience:
they want $75 for shipping of a certificate to Europe from me, at about what the actual market price for the shares of this certificate is.
Real costs for sending a big letter (with air mail, registered) to Europe is not more than $10.
I got already a lot of letters from the US, therefore I know at about how much the shipping costs to Europe really are.
PNMS is now a Corporate America Company, all shares are owned in the America Ii USA region and is not a sister company to PANAMERSA rather an associate.
What does this tell us about assets ?
The latest information that I know about assets (written from Pedro) is his "official" blog entry from 12/2009.
If PNMS.pk has any substantial assets it doesn't really matter who holds / owns the shares...
...who know how everything works, and how to make this work.
I don't have to know how to make this work - because I'm a shareholder and not an officer or consultant of PNMS.pk...
Again - PNMS.pk (its officers) did really a lot wrong in the past, but they didn't dilute.
So to claim that they will start with dilution after the R/S is of course possible but principially nothing else than speculation.
Apart from that, without any substantial good news and with heavy selling, the price would go down so much and so fast that they wouldn't get really get a lot of money even for all 900.000.000 additional shares sold - and where should the buyers come from ?
Selling PNMS.pk PDRs (not backed up by shares), gold (PDRs) (PDR gold club) memberships,... for good money without anything behind is in my eyes something basically different from dilution.
But I would agree that the effect is quite similar - financial damage to the concerned shareholders.
could you not consider selling unregistered shares as "PDRs" a form of dilution?
Simple answer - no.
Most PDR's were sold for existing shares (share certificates) and these shares are (hopefully) still to be returned to their previous owners after the R/S (this is one main reason for the R/S, at least this is what PNMS.pk claims).
And selling PDR's for non-existing shares is not dilution but simply criminal.
Dilution is in many / most cases neither nice nor fair to shareholders but principially in no way illegal.
Fact is that PNMS.pk had for about 2 years (from 2006 - 2008) the chance to dilute with up to 4.000.000.000 new shares from the A/S (and in this time period the share price was still not so bad and they could have made quite good money this way...).
They didn't it and they then even reduced the A/S to 6.000.000.000.
Of course there were a lot of bad and wrong things happening around PNMS.pk in the last years but at least they don't have a history of diluting shares until now.
Therefore it's (imo) not so unrealistic to have the hope that they will also in the future not use extra shares just for diluting (& for their own pockets) but eithter for better purposes (like buying other companies) or not at all.
Again: I don't care at all if the share price should go down after the R/S just for psychological reasons.
Imo the important questions are if / when we get audited financials, how they will look like (including the information about the current assets) and also if the company officers will start with some real efforts for business activities in the US and outside.
We know your interpretation of
3. On the day of the extraordinary meeting of the PNMS shareholders, the company had registered assets with FUNDAPAN for the amount of $/C162,000,000.00 (Peso Convertible our virtual i-moneda for interregional commerce) representing approximately USD$194,000,000.00 depending on the Exchange rate. This figures will be later certified...
registered assets to be a line of credit.
Therefore please explain me what sense does it make to give a company (following you) with no assets, no cash, therefore (practically) no value (you suggest a fair value of about 0,0001 after R/S = $60.000 company value for the expected O/S of 600.000.000) a line of credit over $194.000.000 ?
Either PNMS.pk has in fact huge assets or Pedro is a liar - there's no third possibility.
Your "explanation" with a line of credit instead of assets is that far beyond any logic that it is an insult of every man that can successfully make the addition of 2 + 2...
The A/S was / is 10.000.000.000, afaik.
As long as the company doesn't dilute with new shares from the A/S, only the O/S number is important and it will (adjusted) not change after the R/S (at least until further...).
Of course the share price can drop after the R/S but for psychological, not for fundamental reasons.
And I'm (generally) convinced that on the long run only the fundamental factors are deciding, also on the pink sheets.
Interestingly (again afaik) they never diluted from the O/S 6.000.000.000 up to the 10.000.000.000 maximum of the A/S.
Quite strange if you take serious that their only "business" was / is (following many posters here) selling shares.
Wouldn't it has been much easier (and also 100 % legal) just to edit and sell shares from the A/S (up to 4.000.000.000 were available) than to - in a rather complicated way - illegally steal them from the shareholders (there the hope is still alive that we get our shares (sent in for PDRs...) back after the R/S) ?
PNMS.pk O/S is now 6.000.000.000 and will be 600.000.000 after the R/S (with probably the majority of shares (still) not tradable).
PNMS.pk A/S is now 10.000.000.000 and will be then 1.500.000.000.
As long as there will be no dilution, there's basically no fundamental reason for a price drop.
If they should only use extra shares from the A/S for something like mergers or buying other companies, then it should not be a negative for the share price.
ChexCard boughtout the hombre for .001. Is that correct?
This would be interesting - but where did you hear or read about it ?
This is a 1 to 100 ratio. So again, who really believes that buying a stock for $1 will be instantly worth $100.
All the shares were purchased for $2 Million, and now you want the 200 Million in assets from a foundation.
Again, who really believes that buying one dollar of stock, will instantly be worth one hundred dollars? See, thinking that these assets are for distribution make no sense at all.
First of all:
who is buying for $1 and thinking that the shares will be instantly worth $100 ?
Do you see any substantial buying in PNMS.pk in the last months (I surely not) ?
Nobody here will lay his hands in the fire that the pretended assets of ~ $190 millions are legit.
But let me tell you that many PNMS.pk shareholders bought earlier shares because of statements and promises about huge (certified) assets, big returns, a future working PDREx, great projects ... most volume was between $0,0012 and $0,0030 per share.
The last statement (from Pedro) about PNMS.pk assets of $190 millions is just some weeks away;
What is your point ?
It seems that you want to express that the shareholders are to blame - but for what exactly ?
For reading, analysing and writing about statements of Pedro in his blog ?
Wouldn't it the better - even more the only - solution that either these statement would be brought to truth (earlier or later) or that these statements stop for once and ever and we get informed about the truth (from Pedro or whoever knows it) about PNMS.pk assets, projects, plans and so on (if any exist) ?
In any way: making intentionally and with knowledge wrong statements (about assets,...) is criminal and did and will probably still do much harm and damage to the shareholders of PNMS.pk.
Everything (from PNMS.pk,...) is a lie, it's just a scam from the start - that sounds like an easy, comfortable explanation for all what happened around PNMS.pk.
But I don't think that it's so easy (like black and white thinking where black is always correct).
I think that there was / is a litte bit truth but also many lies and all together a rather complicated situation right now.
And also still a (small but existing) chance that things could get substantially better in the next 1,2 years.
If he means letter of credit why doesn't he write letter of credit ?
Is the english language really so difficult to correctly use ?
Concerning the value of the assets (if true) and the (possible under-)valuation of PNMS.pk:
Pedro has made several statements in the past that how undervalued PNMS.pk is (because of short-selling, evil MM's and so on) and that the fair value is somewhere between $0,02 - $0,04 per share, therefore in line with the asset numbers he gave us.
And by investing 1 dollar nobody gets access to 100 dollars of assets, of course.
In maximum he gets the chance that some day in the future the assets (and the 100 dollars) will in fact get available or that the company will at least start a substantial business of its own again soon and that this will lead to a rising share price.
But there's of course also a not so little chance that the investor will loose his 1 dollar...
I could post the minutes of the last board meeting if you so choose?
Now you write for the 10th (?) time about these famous minutes of the last board meeting - why in God's name you do not inform the shareholder about them ?
I thought you guys want to protect the shareholders (by posting relevant informations) - then do your best to "practice what you preach"...
...I am not saying that Pedro is 100% innocent here but from my connections he had much bigger and better things to do then to rap himself up in a STINKY PINKY...
If Pedro has not or didn't have the time for a "STINKY PINKY", he should have stayed away from PYPR.pk and shouldn't have made it to PNMS.pk.
Do you feel better with your huge (actual) financial loss because Pedro had "much bigger and better things to do" and even didn't stop MT (and his acts) as already a lot of his friends and also shareholder warned / informed him that there's something completely going wrong with MT and the PDREx ?
He reacted much too late and therefore huge (financial) damage already had happened to the shareholder...
I'm basically really the person looking rather forwards than backwards, but please, stop finding exuses for Pedro and his behaviour in the last 2,3 years...
Is it possible that the asset informations (~ $100 millions in 2006, ~ 190 millions in Dec. 2009) are just made up ?
Yes, of course (and I know what the majority here thinks about them).
But assets are assets and credit lines are credit lines and loans are loans.
Also you should understand the difference...
It was not MT in the first place pretending that PNMS.pk was first member and then beneficiary of Fundapan deriving 30 % of their earnings (until January 2009) - but of course Pedro.
You know this as well as I do.
In the end of 2006 PNMS.pk certified assets of ~ $107 million were PRed (in an official PR).
Pedro was afterwards CEO of PNMS.pk for years - where is the official PR of him / PNMS.pk that these assets are just bogus ?
In the contrary we were told (in his blogs, mails & personal talks) that the assets of PNMS.pk (by getting 30 % of the fundapan earnings in 2007 & 2008) climbed to > $200 millions and then went down to acutal ~ 190 millions.
Either all these assets were just a lie from the beginning - then Pedro would have had all the time of the world to tell us the truth in an official PR (in his function as CEO), or we had these assets but now haven't them any more - this would be thievery of the worst kind towards the shareholders of PNMS.pk, or (of course the nicest possibility lol) we still have these assets.
Don't forget that nobody would have bought a single share (or PDR) directly from MT if he wouldn't have trusted in Pedro, in his words & promises, in the (future) PDR Exchange (which only could have worked with the help of Pedro) and so on.
Therefore I see absolutely no good reason to give Pedro a free pass on what happened around PNMS.pk and I see even less reason to do any "cheerleading" for him...
Practically no company with substantial assets will pay them out to shareholders (for chasing women and drink beer lol) but it will invest them in the best way to execute interesting projects and to increase the value of the company - so no problem with that.
Also no problem if these assets are (until further, for reasons we don't have to know) non-tangible.
But either these ~$190 million assets belong to PNMS.pk (this was told to us, and there exist certified financials of ~$100 million for PNMS.pk even already since 2006) and will be shown in the next financials or they will not be shown and do not belong to PNMS.pk (adding in this way some very substantial lies to the already long list of lies and broken promises of PNMS.pk / its officers).
There's no third possibility and this should not be really hard to understand.
Please explain me what happened with the ~ $190 million in assets of PNMS.pk if you are so close to the company ?
How should I trust in any future help of Pedro (for instance) if from one day to the next $190 million suddenly should be just hot air after the same Pedro told us for years how (much) PNMS.pk was earning as part of the foundation and from "big Panamersa" ?
For me the "day of truth" is the day of the next presentation of PNMS.pk financials.
If the numbers really show zero assets - from this day on my only feeling towards this company will be despite.
You and your friends can do for / with PNMS.pk whatever you want, no problem with that and I'm the last one to prevent you - but I think that after a presentation of zero assets any effort would be just a waste of time.
Are you saying that you believe someone can invest in a a company for 2 Million...
How should this work ?
1. There are many different shareholders and a good part of them will not sell their PNMS.pk shares that cheap (I for instance surely not).
You see that there's no real trading in PNMS.pk and if someone would try some really serious buying the price would quickly go through the roof, I suppose.
2. The assets of ~ $190 millions (if existing) are not instantly accessible for PNMS.pk & its shareholders.
But I have also a question for you:
if they really would show a zero balance (& no assets) in the next financials why should anybody with healthy senses only move one finger (or even invest money) for a company where everything its officers then ever "succeeded" was a long history of broken promises and lies ?
I have the impression that you didn't understand the concept behind PNMS.pk (since it changed the symbol from PYPR.pk), at least what we were told from the company officers and the (previous) CEO Pedro.
PNMS.pk never had a (substantial) business of its own but was part of "big PANAMERSA" from which ~ 30 % of their earnings (over two or three years) were dedicated to PNMS.pk.
The last information we got from Pedro is that the assets PNMS.pk actually holds have a valuation of ~ $190 mio.
Following him these assests are (until further) somewhere invested in Cuba, until the end of the US Embargo (or when ever...) and therefore actually not available.
MT never had these (quit huge) assets in hand therefore he also couldn't spend or lose them.
What he most probably has spent and lost (sad enough...) is money from investors paying for PNMS shares, different PDRs, fees for the PDR Exchange and so on.
I suppose that any financial we would get this year will (also) show the mentioned assets of ~ $190 mio, at least to not change their story line...
Don't ask me if I believe that these numbers would be legit - of course I don't know (too) and I would understand everybody who would not believe them.
But sometimes "miracles happen" - what else is left for rather optimistic, positive thinking people as to hope for something of this kind ?
But why should any PNMS.pk shareholder help Pedro and / or his successors in fulfilling their dreams (if they really ever had any) if they lied to us about the PNMS.pk assets (and much more) for years and they would not be officially mentioned in the next financials ?
With a zero balance (as you suppose) in the coming financials of PNMS.pk - this would be definetly the end for PNMS.pk, imo.
It would make no real difference if they would then make a RS or simply delist and "turn out the light".
So offficialy Mike Terrell is still the company President, Director.
Where ?
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=CAxsM8OjrjsbPm077BNpvA%253d%253d&nt7=0
They are no longer to receive 30% of anything.
That's very old "news"... we were told that the ~ $190 millions for / of PNMS.pk are from the time when PNMS.pk (still) got 30 % of FUNDAPAN earnings as (earlier) member.
I'm 99 % sure that there will be presented audited (or cerified) financials from PNMS.pk in 2010.
The question is much more how they will look like and if they look (really) good if they are true or just made up.
Until we get some real news from PNMS.pk most of the (trash) talk here going on is just a waste of time, imo.
http://blog.panamersa.net/ is online again.
10.000
90 % of the "DD" was (and still is) that this is all a scam and MT & Pedro are crooks.
And this (previously) repeated (counted together from all posters) about fifty times per day.
Wow, how help- and useful for all in PNMS invested...
MT wasn't the number one of PNMS.pk, in all the time I was invested in this stock.
Even when he was still CEO of PNMS - because Pedro / his foundation had alyways the majority of the PNMS shares.
And meanwhile MT is completely powerless, not even the director of the PDREx any more.
Therefore it probably doesn't really matter if MT is / was a crook on the long run.
All is depending from Pedro, his foundation & his team.
You can call me naive but I (still) think that this story is far from being over although I would agree that things look quite dark actually.
But still every outcome is possible for the next 1,2 years (imo) - from total loss to overhelming "victory" for all PNMS PDR holders.
6. Proof of conveyance into FUNDAPAN
As far as I understand it, this point is about if the individual stock certificates & specially the PNMS PDRs (with the guarantees) were transported and permanently placed in the Fundation Panamersa (in the HSBC Panama).
But it was up to Mike Terrell and the PDREx stuff to perform this task - we couldn't do / influence it, therefore probably none of the PNMS PDR holders knows for sure if it was done with his PDRs or not.
We got your message and we will answer it as soon as possible.
...
Step by step...
Some here wrote that the offer of $0,003 is much to high and therefore suspicous because they could easily buy them directly from the pinks for much less...
You wrote that $0,003 is much too low for being a fair offer to the share holders (considering the $0,05 offered to them).
Which ever price PNMS would have taken for their offer - you guys wouldn't have needed much time to make it look really bad.
To Antonio Murillo Giambrone:
http://historico.gaceta.go.cr/2006/11/AVIS_17_11_2006.html
Por escritura otorgada ante esta notaría, al ser las diecisiete horas del día veintiséis de octubre del año dos mil seis, Project and Investment Promotor C A S. A., Sergio Arguedas Chaves y Antonio Murillo Giambrone constituyen la sociedad anónima de esta plaza Architectural & Engineering Technologies Sociedad Anónima. Plazo social: noventa y nueve años. Capital social: seis mil colones. Presidente: Marco Antonio Chaves Zúñiga.—San José, 3 de noviembre del 2006.—Lic. Mauricio José Garro Guillén, Notario.—1 vez.—Nº 88174.—(102767).
So I found two out of two, concerning information for the people listed in your post.
I didn't do a search for the other persons (until now), but I'm quite sure that I could find some more just by using Google a little bit...
Your search on Manuel Gonzales-Puron wasn't a really good one:
http://www.allbusiness.com/retail-trade/miscellaneous-retail-retail-stores-not/4379404-1.html
(easy to find with the first page of google results for this name...)
Theoretically yes, practically not.
Just imo...
Who cares in pinky land ?
I think that the Panama canal expansion has something to do with the FPA or, in other words, with at least one company connected with the FPA.
We probably even don't know all names of the companies connected with the FPA...
Otherwise it would in fact not make too much sense to include the Panama canal expansion in Pedro's last blog.
As long as there is no proof that anybody of PNMS.pk cheated you or "stole your money", you just made a bad investment decision (or you sold to late) like it can happen with every share of the world and what is (unfortunately) quite common specially in pinky land.
(As already written) It's nearly the same what some big companies in Europe are doing (MDM, Goede,...).
Also the prices are similar (but selling more European (gold) coins).
They also have to pay sometimes small fees (like the ridiculous $8.000 in your article), but they earn much more every day so they probably don't really care about it.
I personally don't like this kind of business behaviour at all - but welcome to capitalism.
Yes and the US is the (most important) land of MLM - even I worked for Amway some years ago...
Everybody try to sell his articles at the highest prices which are possible (but there must always be somebody willing to pay the price) - that's quite normal and called business.
I know some companies in Europe which are doing exactly the same (selling coins at really inflated prices), but they are big, successful and they have very good marketing (for being successful).
I don't like them at all but they are legit companies.