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Is this the week for financials?
Would be nice.
GM
A friend are you serious about your friend having an open short position in PAIV at .002 because I did not think that was possible for these reasons ?
1. I did not think you could short a stock under $1 because
the costs are prohibitive.
2.Short positions could not be open for that length of time.
3. I am sure there was rule change that said if a company did
a reverse split as PAIV did (200-1),all short positions had
to be closed before the r/s took place. I'll have to check
that out.
If this is the case and there are many more like your friend we now know why the price is getting screwed into the ground.
Can you get documented proof of his short position ?
GM
This is not the company, is it?
http://www.manta.com/comsite5/bin/pddnb_company.pl?pdlanding=1&referid=3550&id=cdc2h53
If it is not, can they use the same name for the new business.
GM
Brikk how could the preferred shareholders kick Kip off ?
From reading the filings the Preferred shareholders do not have any voting rights and as Kip converted his (class C)to ordinary shares he is the majority shareholder with 15m.
The pref A are convertable at 1:1 and there is only 238,370 of them and the pref B are conv at 2:1 and there is only 32,000 of them. So if the holders of A and B converted to ordinary shares that would only be an additional 302,370 shares.
Maybe I have this wrong and maybe the pref shareholders are pissed that they own very little of the pie when/if the merger went through.
Who knows.
GM
From 11 cents to .009, i'm glad I held.
gm
Does anyone think that the preivious TA has been up to no good?
Wonder what they were trying to achieve or cover by issuing illegal shares after Dec 29th.
Shares of the Company’s common stock issued and delivered after December 29, 2006 counter-signed by Executive Registrar are deemed to be unauthorized and will be canceled when presented to the new stock transfer agent, as that is the effective date of termination of Executive Registrar as the Company’s agent. This does not mean the Company’s shareholders will not receive all shares they are entitled to; rather it means that the Company’s terminated stock transfer agent had no legal authority to issue shares after December 29, 2006.
GM
10% of 350 billion is 35 billion. Need to see bbbbs being traded to move the pps.
GM
The MMs and brokers should be put in jail for this spread. They are doing everything in their power to kill any momentum and increase in PPs with such a rediculous spread.
Why would any investor want to buy at .01+ when you can only get .002/3 when you sell,disgusting
GM
Second that.
Cheers GM
good update zigbee, did you discuss the financials?
GM
Current data on the Company per pinksheets.
AAPM -- America Asia Petroleum Corp.
Com ($0.001)
Search for Dun & Bradstreet reports on this company.
Address:
318 North Carson St.
Suite 208
Carson City, NV 89701
USA
Website: http://www.americaasiapetroleum.com
Phone: 775-831-8887
Business Description:
America Asia Petroleum is an energy and construction company doing business internationally.
Primary State of Incorporation: Nevada
Country of Incorporation: USA
Year of Incorporation 2004
Officers:
Jack Bows, President; John Bows, Secretary; David Liu, Vice President
Outstanding Shares: 1,020,250,000 as of 2006-03-31
Estimated Market Cap: Not Available
Authorized Shares: 5,000,000,000 as of 2006-09-30
Current Capital Change:
shs increased by 10 for 1 split
Ex-Date: 2006-08-29
Record Date: 2006-08-25
Pay Date: 2006-08-28
Dividends:
Company Notes:
Formerly=Ringo, Inc. until 3-06
Class Notes:
Note=trading temporarily suspended by the SEC pursuant to Section 12(k) of the Securities Exchange Act of 1934 from 9:30AM EST on 3-8-07 through 11:59PM EDT on 3-21-07
Transfer Agent:
PacWest Transfer, Washington, VA 22747
The information provided here has been obtained from publicly available sources as well as directly from issuers in some
Will soon find out if AAPM is the real deal or a scam, along with many other pinksheet companies.
If our Company wants to be taken seriousley and prove they are a real Company with real revenues and business plan they better start talking with pinkseets or they will be categorized with a skull and crossbones.
Maybe someone should send this to the CEO of AAPM, hopefully he is already aware of the importance of this.
This is from pinksheet.com home page, link at top of page under pinksheets news.
Pink Sheets to Begin Rollout of Disclosure Categorization Starting May 2007
New York, NY - April 24, 2007 - Pink Sheets, LLC announced today that in May 2007 it will begin the process of categorizing issuers quoted on Pink Sheets based on a company's willingness to provide adequate public disclosure to the marketplace. Initially, each company will be assigned a proposed category, which will be indicated on their Company Info page in the Quotes & News section of www.pinksheets.com. Beginning August 1, 2007, all companies will be assigned a final category and a corresponding icon which will be displayed next to the company's symbol everywhere it appears on pinksheets.com.
All Pink Sheets companies will be placed in either the OTCQX premium tiers (companies must apply to be included) or will be assigned a disclosure category by Pink Sheets, as follows:
OTCQX Premium tiers
PremierQX - The highest tier for U.S. companies. Must meet the continuing financial requirements of Nasdaq Capital Market, provide credible disclosure to the marketplace, and nominate a Designated Advisor for Disclosure (DAD).
PrimeQX - Must have ongoing business operations, a $.25 (cents) initial bid price, provide credible disclosure to the marketplace, and nominate a DAD.
International OTCQX Premium Tiers
International PremierQX - The highest tier for international companies. Must meet the financial requirements of the NYSE's Worldwide Listing standards, be listed on a qualified international stock exchange, provide home country disclosure to U.S. investors in English, and nominate a Principle American Liaison (PAL).
International PrimeQX - Must be listed on a qualified international stock exchange, provide home country disclosure to U.S. investors in English, and nominate a PAL.
Disclosure Categories
Current Information (icon: Pink Checkmark) - Must either be registered with the SEC pursuant to 12(g) of the Securities Act and current in all electronic filings posted on the SEC's EDGAR system, OR if not registered with the SEC, must meet Pink Sheets Guidelines for Providing Adequate Current Information, confirmed by a quarterly letter from an attorney, all of which must be posted on the Pink Sheets News Service and displayed on pinksheets.com (*- exceptions below). Disclosure is deemed to be current if it is posted within 120 days of the fiscal year ended (annual reports) and within 60 days of the quarter ended (quarterly reports) and interim material events should be disclosed on a timely basis.
*Banks and Financial Institutions - Companies that report to federal or state banking regulators or to insurance commissions will be placed in the Current Information category if they post onto Pink Sheets News Service the same information they supply to their regulator (for example, to the FDIC), in a timely manner. An attorney letter is not required.
*Foreign Private Issuers - Non-U.S. companies that do not furnish electronic reports on the SEC's EDGAR system that are listed on a qualified international stock exchange will be placed in the Current Information category if they post onto Pink Sheets News Service the same disclosure they supply to their home country exchange and to their shareholders, in a timely manner. The disclosure must be in English. No attorney letter is required.
Limited Information (icon: Yield Sign) - SEC registered companies must have posted some disclosure on the SEC's Edgar system within the last six months. Non-SEC reporting companies must have, at a minimum, quarterly financial reports prepared in accordance with GAAP, including financial notes, and certifications by the CEO and CFO and not less than six months old, posted either on Pink Sheets News Service.
No Information (icon: Stop Sign) - The company does not make disclosure publicly available, or its available disclosure is older than six months.
Caveat Emptor/Buyer Beware (icon: Skull & Crossbones) - There is a public interest concern associated with this company, which may include a stock spam campaign or other questions concerning the security or issuer. During a spam campaign, companies that have not, at a minimum, qualified for the Current Information category will also have their company's quotes blocked on pinksheets.com.
More information on the category rollout, including Pink Sheets Guidelines for Providing Adequate Current Information and Attorney Letter Guidelines verifying Current Information, is available on http://www.pinksheets.com/otcguide/categories.jsp.
About Pink Sheets, LLC
Pink Sheets, LLC is the leading provider of services, software and financial information for the over-the-counter (OTC) securities markets. Its electronic quotation, trading and disclosure services enhance the efficiency of OTC trading, provide better executions for OTC investors and improve the capital formation process for OTC issuers. For more information, visit the Pink Sheets website at www.pinksheets.com.
GM
Some updateD info on pinksheets.com re categorizing issuers quoted on pinksheet.
Lets hope our little stock will have their AFs released soon and be listed in one of the top teirs.
Should also help you make informed decisions on future picks in the pinksheet market
From pinksheet.coms home page.
Pink Sheets to Begin Rollout of Disclosure Categorization Starting May 2007
New York, NY - April 24, 2007 - Pink Sheets, LLC announced today that in May 2007 it will begin the process of categorizing issuers quoted on Pink Sheets based on a company's willingness to provide adequate public disclosure to the marketplace. Initially, each company will be assigned a proposed category, which will be indicated on their Company Info page in the Quotes & News section of www.pinksheets.com. Beginning August 1, 2007, all companies will be assigned a final category and a corresponding icon which will be displayed next to the company's symbol everywhere it appears on pinksheets.com.
All Pink Sheets companies will be placed in either the OTCQX premium tiers (companies must apply to be included) or will be assigned a disclosure category by Pink Sheets, as follows:
OTCQX Premium tiers
PremierQX - The highest tier for U.S. companies. Must meet the continuing financial requirements of Nasdaq Capital Market, provide credible disclosure to the marketplace, and nominate a Designated Advisor for Disclosure (DAD).
PrimeQX - Must have ongoing business operations, a $.25 (cents) initial bid price, provide credible disclosure to the marketplace, and nominate a DAD.
International OTCQX Premium Tiers
International PremierQX - The highest tier for international companies. Must meet the financial requirements of the NYSE's Worldwide Listing standards, be listed on a qualified international stock exchange, provide home country disclosure to U.S. investors in English, and nominate a Principle American Liaison (PAL).
International PrimeQX - Must be listed on a qualified international stock exchange, provide home country disclosure to U.S. investors in English, and nominate a PAL.
Disclosure Categories
Current Information (icon: Pink Checkmark) - Must either be registered with the SEC pursuant to 12(g) of the Exchange Act and current in all electronic filings posted on the SEC's EDGAR system, OR if not registered with the SEC, must meet Pink Sheets Guidelines for Providing Adequate Current Information, confirmed by a quarterly letter from an attorney, all of which must be posted on the Pink Sheets News Service and displayed on pinksheets.com (*- exceptions below). Disclosure is deemed to be current if it is posted within 120 days of the fiscal year ended (annual reports) and within 60 days of the quarter ended (quarterly reports) and interim material events should be disclosed on a timely basis.
*Banks and Financial Institutions - Companies that report to federal or state banking regulators or to insurance commissions will be placed in the Current Information category if they post onto Pink Sheets News Service the same information they supply to their regulator (for example, to the FDIC), in a timely manner. An attorney letter is not required.
*Foreign Private Issuers - Non-U.S. companies that do not furnish electronic reports on the SEC's EDGAR system that are listed on a qualified international stock exchange will be placed in the Current Information category if they post onto Pink Sheets News Service the same disclosure they supply to their home country exchange and to their shareholders, in a timely manner. The disclosure must be in English. No attorney letter is required.
Limited Information (icon: Yield Sign) - SEC registered companies must have posted some disclosure on the SEC's Edgar system within the last six months. Non-SEC reporting companies must have, at a minimum, quarterly financial reports prepared in accordance with GAAP, including financial notes, and certifications by the CEO and CFO and not less than six months old, posted either on Pink Sheets News Service.
No Information (icon: Stop Sign) - The company does not make disclosure publicly available, or its available disclosure is older than six months.
Caveat Emptor/Buyer Beware (icon: Skull & Crossbones) - There is a public interest concern associated with this company, which may include a stock spam campaign or other questions concerning the security or issuer. During a spam campaign, companies that have not, at a minimum, qualified for the Current Information category will also have their company's quotes blocked on pinksheets.com.
More information on the category rollout, including Pink Sheets Guidelines for Providing Adequate Current Information and Attorney Letter Guidelines verifying Current Information, is available on http://www.pinksheets.com/otcguide/categories.jsp.
About Pink Sheets, LLC
Pink Sheets, LLC is the leading provider of services, software and financial information for the over-the-counter (OTC) securities markets. Its electronic quotation, trading and disclosure services enhance the efficiency of OTC trading, provide better executions for OTC investors and improve the capital formation process for OTC issuers. For more information, visit the Pink Sheets website at www.pinksheets.com.
GM
Can't find any more info on the Company, nothing up on pinksheets apart from Country of Incorporation: Canada
It is suppose to be a Silver minig Company with 50 claims in Canada. I also believe PAIM had something to do with the Company at one time.
GM
Stocktader thanks for the update.
I see 4 million volume at .0001 on WPMLF with a last trade on the 4/19.
I take it there must be at least 20 billion o/s on this stock if there was a divy paid by Paychest of 1:1, as that is roughly the o/s of Paychest???
GM
Question for the board, did PYCT give a divi payment in the form of a one for one in a company called Western Pacific Minerals?
If so is the stock trading on any market ? From my Brokerage account it seems to be a Canadian Company with a value or is it worthless?
Cheers GM
Maybe we should start a suggestion blog on how we can get in touch with GA and find out more about the corporate share structure and business.
Here are one or two for starters.
Call the State of Incorporation to find out what the share structure is - I think they should be able to tell us the AS but not the OS, not sure.
If no joy Phone the SEC and ask them what we need to do to find out the S.S. of the Company.
As far as contacting GA, your guess is as good as mine. Police, FBI,PI,Interpole,Salvation Army and the list goes on.
He should not be allowed to fade into the night with our money.
GM
GM
Maybe way off here but could the FBI not be called in here for fraud. This seems to go way beyond SEC violations.
Might be worth a phone call. Was the FBI not called in on CKYS?
I would like to see these guys in gaol and any money found in the Company returned to shareholders.
GM
Hey Liable do you think they are using this new Company to dump all the assets into and then dilute the hell out of IBCX on false news of financial funding from the sales of the restaurants/Hotel and eventually down the road collapse IBCX ?
That would just about fit in with their corrupt past.
Mind you the SEC don't seem to care about this one at this moment in time, maybe they are waiting until the Brokers have made their killing on the dump before they get the nod to step in.
GM
Question for the board - can Kip or Curtis buy shares in the open market for trading, without disclosing their position ?
GM
I hope I am not out of order in stating this but I think we should gathering information to complain to the SEC about brokers actions,on this stock. I know they probably won't do anything because they always side with their budies, but atleast we should have it on record.
I think we should keep a list of buy orders put in by the people on this board that the MMs/Brokers fail to fill. Especially after fridays 200m .0001 transactions.
I have read messages from a few board members since the suspension was over stating they tried to buy without any success and they were offering .0002 / .0003.
If they do not fill at these levels from Monday on then they should be made explain why, especially after Fridays action.
The reason why these guys succeed in their illegal shorting activities, especially on the greys/pinks, is because it is a closed shop and the punters never get to see the rescords/manipulation that goes on and the SEC never investigates the Brokers/shorters for manipulating these markets. If we get evidence we can put it on record and atleast get a response from them, who knows It may come in useful one day.
There is a major movement against n.shorting and it is gaining great exposure and momentum recently and with that there is also major being put on the SEC to fix these problems.
Don't let this stock fade away like many other Greys , their tacticts is to try and discourage investors from trading by putting the stock in the toilet to try and discourage trading in the stock i.e cannot sell at .0001 .
I have seen it in so many other Greys.
The SEC has still to proove that this Company acted in an illegal manner on any front.
It would also be helpful if we could contact the Company to find out exactly what is going on and what the o/s is. Corruption can fall on both sides of the fence.
GM
Does anyone communicate with the Company or have done so in the past?
Just wondering if they accept phone calls or return e-mails from shareholders.
GM
Please don't PM , if you have any thoughts on the matter please post to the board.
Cheers GM
Here is a question for the board.
With the SEC suspension of last year and the lack of communication from the CEO is KSWJ now a shell with no business but the potential of some other business taking it over, or a dead Company that no other entity can take over and our shares dead along with it ?
GM
Asked the same of the guys on RB and they are not trading either.
Someone is accumulating out with the boards.
Is it a mixture of insiders and MMs positioning themelves or am I just being overly optomistic about current events. First time I have seen sustained trading volume since ops ceased back in 2004.
Who knows.
GM
LA4321 - hearing anything from the Company with regards to the financials being released before the end of the quarter ?
Cheers GM
Who is trading this stock ? anyone on this board ?
GM
Wouldn't mind the same market cap of EFSF (65M).
Considering they only generated 83k in revenue last quarter with a net loss of 772k, their market cap seems quite generous.
I would think that we would atleast generate greater revenue and hopefully better in the net income (loss) front.
We shall see.
GM
Thanks stushy - Like the share structure but not sure about any other aspect of the company.
GM
Stugots1 any follow up on your last convo with the CEO. You seemed to think that an update was due soon.
Cheers GM
Stushy - any updates from the CEO ?
This stock could do with a significant PR to get it kick started.
Cheers GM
How far are these guys willing to let the stock fall before they PR something of value to get the investing community interested again. I knoe they are not the most prolific PR company but this is getting scarry.
Has anyone corresponded with the company in the last week ?
GM
Has anyone actually spoken with the SEC about Hayter ?
GM
Anyone know what the current o/s is ? Does the TA give out the info?
Cheers GM
Thanks Zigbee.
GM
Has the Company confirmed to anyone that the Audited financials will definately be published before the end of March?
Cheers GM
Does anyone think that the merger deal will move the new company to the OTC BB or remain on the pinksheets for a period of time ?
Does anyone know how the deal would have to be constructed to move directly to the OTC i.e audited financials ?
GM
Do you think we will hear from the SEC in the near future with regards to evidence they found, connecting the companies directly with the spam e-mails? I would say not.
And guess what, all these companies will end up on the greys and the MMs will be able to manipulate the price into oblivion for months to come. The SEC rarely if ever issue a statement saying that they have investigated a stock and found the allegations to be false. The stigma of an investigation and being relegated to the greys last for months if not years, thats if the stock survives.
The whole system stinks, the SEC and other regulatory authorities will not lay down strict rules/regs that the pinks have to obide by but they will come in and suspend a stock and not tell you who blew the whistle or the outcome of their investigation . There are/were stocks that I have been in that were obvious scams and Individuals that owned the stock have complained bitterly to the SEC and nothing was done, these stocks are still trading. Also try complaing to the SEC about MMs/brokers activities(manipulating prices)and see how far you get.
I do not trust the SEC, their motives for investigating pink sheet companies and the lack of transparency through the whole investigation process. It is like a secret police state when it comes to pinksheet investigations.
They say the pinksheet market is the wild west of the stock market, it is only that way because the people in power and authority want it to be that way.
GM
Has anyone called or e-mailed Kip for an update since the filings were published ?
GM
Can anyone give a good reason why there was a sell-off yesterday, given that the company seems to be getting closer to the merger and anyone holding shares in the company would/should have read the latest filings and realised that?
Doesn't seem to make sense to me.
GM