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Well, I have had that same thought, but the deal is, if I sell my PDR for $100=.01/share and the stock hasn't moved, then I will immeadeatly tranfer those funds and purchase more shares and go through the process again.
Obviouly this may be possible the first time through, but in theory, the pps will start to move to the PDR equivalent price becuase shares will start to move.
If everyone would just relax and sit back and lets me do this 4 or 5 times, I would appreciate it! LOL
Don't think that will happen.
Your 2nd question is valid. The falicy is evaluating the question in consideration that today's share price is valid.
Most here would agree the share price has been high jacked and is rediculous. I can't explain all that has gone on over the past 9 months to derive that conclusion, but I will merely point out the last quarter numbers $/share alone is more the the pps.
Now, sure they may not be "audited" to our standards because of Panama law but I have known many other pinks that have done better on REAL lies. So for reasoning sake they are true. If they are, then 2500% gain is merely a market correction to what is real.
Last point: typically when you have very large purchases they are not purchased on the open market. They are negotiated. Look at the .04/share PDR purchase. Clearly they believe the stock is worth at least that much in that quantity. Just because some idiot sells $50 in shares for .0015 doesn't mean that is the real value or someone can come in and buy the company for that share price.
Good job. I think many people don't undertsand what you have wrote and this has also impacted todays share price. Which actually is a blessing to those who can capitalize.
We will get there...once the pps begins to rise, many people will understand that and it won't make a difference what you call it.
I just noticed my Scottrade account says the OS is 7.6 Billion. Why is this incorrect? Anyone know whose responsibility it is to update that information? Is it the TA?
I agree completely. That's what makes the other things hard to believe.
That helps. Although you have to admit, you're speculating as to what SITE actually applies too.
Why can't the written word be like math? I hate it when you write something, and then unknowningly say about five different things.
I thought this PR was stating the the BETA testing was done.
Mike Terrell, council member for Fundacion Pan America, representing the North America region, today announced new projects in the works for the foundation along with the completion of beta testing for PDR Exchange (Panama), Inc.'s official trading site.
http://biz.yahoo.com/iw/070521/0255651.html
Doesn't make much difference to me, obviously all this hype means nothing until the PDR exchange is up and running successfully. I'm excited about new investors and all, but this is CRITICAL. Don't get the horse before the cart.
I can see the share price still going down until this gets going, and I hope newbies aren't discouraged. I imagine there are those out there that will try like hell to keep this down.
If the short situation truly exist, can you imagine if this jumps to a penny? I think the stock price could eventually soar to over 10 cents if those shorts realize adding naked shares they don't have truly won't work any more and they start to cover.
Just wondering, has anyone heard on why the actual exchange isn't up yet? Makes me a little nervous to do anything until I see it up and running.
Can't help but feel a bit eary with all the positive talk. Seems like I have felt like this before, just before the floor opened and I went down the shoot. LOL
Maybe some negative talk from Janice or someone would settle me down.
You would have a case, but I had a case in my divorce court and it cost me an arm and a leg to be right. Surely you don't think the SEC will enforce something? You probably would get the money back that you paid for the bogus shares less all the legal fees, as it goes in this wonderful country of ours.
I would get CERTS. You can always turn them back in and sell them. Seems like $50 would be pretty cheap considering.
I hope MT has enough fortitude to not allow pressure from this board, other shareholders or even from his own PRs to force a product out that we will all regret.
He needs to forget about what was said and focus on putting a top notch PROFESSIONAL system out. If the company continues to succeed then this is just a small bump. Sure, some might decide to sell, but if the numbers are true this small delay is meaningless and the share price will do as most of us expect.
Go for the GOLD MT!
I'm sure they will get the PDR exchange up and running.
The issue I see, is getting the processes set up to open accounts, converting shares to PDRs to cash and transferring funds. I think that is the BIG deal that will cause the most delay and problems.
The reality is, until you can actually convert these shares to PDRS and eventually end up with cash, it will be a separate system. Just saying they are selling PDRs for an "equivalent" penny will mean nothing.
They need someone who is really thinking the entire thing through from start to finish and IMO that all needs to be determined prior to opening the exchange.
Maybe they got all that figured out. I would love to see all this in the blog or in a PR.
Sounds Heavenly. If that happens we should have a PNMS worldwide party done in Panama!
I would say that is a better answer then Ace.
Your comment suggests that all pinks are illegitament by nature and anyone who invests in them is basically greedy looking for quick money. In fact, investment and pink don't exist?...right?
Obvioulsy that is true to some extent, but I still believe there are those out there such as PNMS that are trying to honestly and legitamtily break though. I want that to be true and I want to make a butt load of money when they do.
Bottom line is, just because financials are unaudited doesn't mean you are dealing with a crook.
My initial comment was to explain that ACE was wrong in applying the unaudited status as being the problem. If it was, nothing would ever move.
If that was true....then why isn't every Pink trading at this level? In fact, why do Pinks even really exist?
I give you credit for admitting it. Better then the Ace boy who whines one day and pumps the next.
If you don't trust them then we can't discuss. But they would operate just like any other legitmate account. The Certs would be converted to PDRs.
I understand your reservation. Better hold tight to your money.
I would think you would have an account, just like I have at Scottrade, that account can be closed, withdrawn, transferred or whatever. So if you sell the PDRs, you would have dollars and that can be transfered out to any bank and even used to buy more shares or buy back PDRs.
You don't need to convince me, I have my certs already. I'm holding out for the big bucks. All or nothing. I hope this runs to 2 cents in a day and leaves all the jokers behind.
It's not like the evidence hasn't been presented.
I remember people saying the exact same thing about SLJB. There are no sure things. With that said, I still hope you are right!
The next question is then how are those shares being allocated? Can a broker buy and sell or borrow those shares bought through an IRA account as if it was a Margin account?
My shares are not through an IRA but perhaps this is one of the major loop holes creating the possible Short.
Interesting parallel. How much evidence does one need to believe in PNMS. Some would say we have all we need, others would say it is a scam. Perhaps someday soon, the believers will be rewarded.
Perhaps you can say the same thing about God, but it will be hell when you find out you may be wrong.
I understannd that, but then nothing should apply until you redeem your certs or sell them. I don't think you technically have sold anything.
Makes no difference what we think. Discussing right and wrong seems to be a waste of time these days.
I know, but it's a problem when it comes to shares being shorted and then becoming "bogus".
I'm sure you're correct, but I just don't understand the logic behind how pulling certs would be considered a withdrawal.
What am I thinking, applying logic to the government. Hmmm, reminds me how we are about to legalize a bunch of illegal activity since we can't control it.
Why can't you get certificates for shares in an IRA account? I mean aren't shares shares no madder how they are bought? Just wondering. Seems a bit flawed if you can't.
Who is dumber of the two:
Someone who believes in PNMS or someone who doesn't believe in PNMS yet constantly posts?
I don't have the specific answer. I also think just because a broker writes a rule that they can do something, doesn't make it legal.
To me this is clearly impacting the market. There are some here that seem to disagree. Whatever the case I think TDAT should be legally forced to publicize a clear explanation to their action. All I can say is I have moved all my shares from TDAT and will no longer use them.
Of course this has been reported to the SEC, and the SEC is worthless.
Whatever the case, I know the last thing they care about is if I am making a dollar. They're in the business to provide a market where we can buy and sell. So to suggest they would open the doors because we have Audited Financials, is just plain wrong.
There are so many posters that just post meaningless dribble, I guess trying to influence the weak minded into selling. All I ask is those with concerns state them in a rational productive way, instead of posting stupid unbacked attacks over and over.
That's simply rediculous. Do you even have any idea why TDAmeritrade restricted the stock? It has nothing to do with audited financials. Since when do brokers care if companies make money?
Most of this board speaks out it's @#%$.
Speak for yourself.
I talked with her various times and she indirectly implied this all the time. If she even ever mentioned the sho list then that means she is implying it in my opinion. I would have to go back and read everything to see if she directly stated it.
In other words, for someone to suggest there is no short position based on the sho list when talkign about a pink sheet compnay is full of deep doo doo! Hmmmm, Janice.
Not I got to things to hope for...the pps to go up and Ace getting out!
OT There is a small light that appears in the darkness and to some it exposes folly, to others it shows the way, but to many it simply refreshes the spirit in hopes they have placed their faith in something true.
Cause
very good advice.
Ever heard this phrase:
"money talks, BS walks"
Nothing they can say will help...it's time they place their money where their mouth is.
I watched this stock for some time now. I've read just about everything that has gone on. I'm reluctant to continue posting because of all the morons that have been here lately.
With that said, I will offer an opinion. This stock has NEVER really performed "Normal". Even if you go back to last October, it took a week or two before anything happened once the incredible numbers started to come out. And then you had the Big Pump and Dump occuring.
I honestly believe there is illegal activity occuring. The amount of shares in the float along with all the corrupt practices of the hedge funds has nourished the current situation. There should never be a problem or refusal from a broker to obtain Certificates.
Continuing on, there is nothing the company can "PR" to resolve the problem and it's clear the SEC isn't going to do a thing.
The only hope we have is once this Panama exchange becomes operational and you can convert shares to PDRs and then sell the PDRs for a real value, the truth will begin to show. Otherwise we will be able to convert shares from .0012 on the pinks and go sell them for a penny or two using PDRs. Not a bad deal, but something tells me that won't last long.
So you can choose to not believe this, sell your shares and go to another play, convert shares to certs, exchange them for PDRs and sell them there (or wait for a year and get two cents for them) or stay here and wait until the pps goes up based on this action and sell here.
Whatever the case, there is no PR, no blog, no pump, no dump or nothing else that will make a difference. So unless you got some nice DD you want to share, keep you DA comments to yourself so the board isn't so cluttered with ignorance.
I have given this issue a little thought myself.
Perhaps they are saving this money to buy back PDRs. I imagine many will try to convert shares to PDRs and look to dump the PDRs and covert them to cash and unless they can support the dump the value of the PDRs could fall significantly as well.
So my theory is they use the cash to support the basis of the PDRs until it can funtion by itself with a real market value. Whatever the case, the PDR will be the thign that impacts the pinks PPS.
Just a theory. I really have no idea.
Not exactly. I'm more interested in sticking a piece of dynamite up these daytrader, flippers and manipulators A$$es and letting the ones who have stuck by the company win for a change.
As of now, the ones that hurt the most are the ones who have ENTRUSTED MT.
Looking for a bone.