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Here's what doesn't make sense:
About $70,000 in cash traded today.
Campany says they have $20,000,000 in cash.
They could reduce the float in a heart beat, but they don't, and not only that, they don't explain why. That is where the rubber meets the road. The size of the float allows for all the manipulation. Reduce the float to 200 million, then we might see some changes. Too many day traders, flippers and manipulators playing the Panama secrecy game for this ever to take flight.
You can do all the DD in the world, try and understand how the money is made, but that is the view behind the screen that shows all the bells, whistles and manipulations.
As far as I'm concerned if MT wants some credibility he needs to buy back shares, reduce the float and force the stock to reflect what he says is reality.
Amen to that.
True, just means I'm tired of beating something we can't really get a valid answer. Can't blame people for being upset about it. Just tired of hearing it. If I was so upset I wouldn't be here complaining...to many other things to do.
It will all come out in the wash. I wouldn't be surprised if they didn't start showing up once the trading platform is officially running. We are talking about PDR anyway. You can't go down to the grocery store and cash in a PDR anyway.
I have my Certs, not my dividend. IMO, there has been enough posts on the dividend issue. Perhaps someone else has enough energy to explain the hold up. But then if MT is a liar, what is the sense in waiting for a dividend anyway? Go file a lawsuit.
So you have concluded he is a manipulating liar? And yet you conntinue to post here? hmmmmm.
All I know is I recieved my Certs yesterday. So I have my golden ticket.
If any of this BS is true about invalid shares then MT will be fully vindicated, and all those who got certs right along with him. It may be a very sad day if the truth comes out that many people are holding air. That is when the #$%% hits the fan. I know some people think the total certs will never reach the Outstanding Shares(OS)...and they would be right if the total shares out on the street equalled the total OS. BUT if the total out there is much greater then the OS then it very well can happen and MT is pretty confident it will.
I truly hope that day comes and some people go to jail. If not, it's worth the risk vs reward if you ask me.
Guy at ScottTrade told me it might take up to 6 weeks to get certs. Said they had an abnormal demand for certs on this stock...whatever that means.
Maybe pinks don't typically request certs at all. Interesting.
Who knows, but it makes you wonder if something really is brewing.
Well, I hope you are right and I hope they provide a summary on their blog as he said he would. I'm still here.
Are you suggesting they are buying shares back by your question? Guess I'm not following.
Anyone see that mug shot of the CKYS CEO? I sure hope we don't see one of MT. Maybe the SEC is lowering the boom, and it ain't on Naked Short Sellers.
Can anyone explain why the company doesn't buy shares back and certify them to remove all the NSS BS talk? It supposedly isn't a short fall of cash. That is the #1 problem IMO and will either be the end of this or if they do start buying back, the new beginning. The share holder certifying request will not work with over a billion shares in the float.
That's all I got to say about that.
I believe you...I just have to chuckle with all these things we see ALL the time and yet Janice thinks everything is always on the up and up.
You must be fibbing. According to Janice they can not hide anything.
What are you talking about? According to Janice everything is always on the up and up...no games. Sheesh.
Correct me if I'm wrong but the shares are acting as a type of deposit or collateral. You can have your shares back by giving back the PDRs. The shares and the PDRS are in a sense equivalents. Like exchanging money. Question is, if you sell the PDRs for cash, what happens with the shares? Does that mean that would be the offical buy back and the shares then officially go to the company? How does that work with the broker? Seems complicated.
Just speculating.
I'm pretty sure the one I got guarantees. You just have to hold it for a certian period.
The market doesn't believe it's true...you can't argue that since the pps is where it is that proves it's a fraud. Just means there are a lot of skeptics.
Hmmm, I believe I have a CD at my bank that gurantees returns. Not as much but it is a gurantee. Is that by definition a fraud?
I'm with you CIDD. I'm not discussing any more with him. I don't have the time. You get to the point where there is no point.
You don't have to convince me that the US Market is corrupt. Have the people on this board are players and could care less about PNMS. It's a madder of flipping.
Poorly designed web site? What has Hector Luna done? I don't intend to dispute quality of web sites and resumes.
If you wanted to know, you would ask those questions to MT or perhaps Pedro.
May I ask, why are you still here? Seems your made is strongly made up.
What about the park? What about Hector? Waht about the land? Just to name a few. I mean, you were posting DD as much as anyone. Maybe not.
I don't know about you, but it's pretty worthless for me right now. I meant that as a figure of speech meaning it doesn't reflect reality in the least.
Here's my take:
The problem is PNMS is not being straight with us and they are using a lot of BS that people are poking holes in. With that said, I still think they are a legitmate company for several reasons.
The part they are not being straight with us on is the Market. We all know if they have the money they say they have then they would be buying back. But instead we got all this other BS. The truth is they want our money in Panama and they are trying to force or drag us kicking and screaming. They are using many other techniques to try and convince us to want to leave the US market.
That does not mean this is a scam. It means we are being given little choice. Either move to Panama or the stock is going to be worthless here in the US. and some of the recent BS is causing it to dive. That method does not give anyone a warm and fuzzy about moving money off shore.
That is the only explanantion I can come up with other then the scam BS. And I refuse to except the scam BS because the DD shows they are well connected with valid projects going on.
That would be true if there are no illegitimate shares. So you may be correct and that day will never come.
However, if there are illegitimate shares out there, then the question is how many? The more shares out there the more that may be certified faster.
Place your bets.
The #1 question is what happens to all the shares that would become Phantom shares? Can anyone answer that? Janice, Hypthetically?
I think there are many people who agree with you. I for one choose not to agree. Oddly enough, not because I think I'm right, but because I understand some of what's going on and am willing to ride it to the end. I can see what MT is talking about and it being true. I'm not making excuses for his recent blunder, and if you read what he said he isn't either. I would cherish the day he could prove the NSS situation exists. I will never let Janice live it down.
I also choose to beleive in the PNMS board members. But you may want to take a grain of salt with me...I also think President Bush is looking out for this country and the socialists are destroying what America used to stand for.
So we all have our opinions.
Ace...that is the best post I have ever seen from you! Looks like the medication is working!
That question has been asked and I'm not sure anyone really knows....may be the day from when you get the PDRs.
I'm sure that info is coming...right after we get the certifed papers showing the money is real. LOL
Can you apply that comment to the local police?
Are we talking about speeding, murder or somewhere in between?
The words I posted to you are from MTs blog. I can't help the fact you are currently down. But you need to relax and think clearly. If you think this is a scam like some people here, then you are crazy if you don't sell ASAP and walk. Otherwise, try to understand what is going on here.
No one is pressuring you into holding your shares.
I could care less what you want...but get your facts straight.
Have you tried reading the blog??
The share price guarantee is nothing but a guaranteed floor so you know if the shares never go up the whole first year you have $0.02 locked in. On the other hand it has never been my intention to remove your liquidity. If you are holding PDRs and they start selling for 500.00 each (.05 pps)you have my blessing to sell your PDRs and take the money at any given moment. Or not, your choice.
http://blog.panamersa.com/
Gordon...you posted:
If the company is guaranteeing close to a 20X return on investment, and it is backed with REAL BUILLON as claimed, WHY WOULD THE MARKET NOT BE ALL OVER THIS.
I would say the answer is similar in nature as to why you are posting here, yet against everything.
Using the word trust in the pink market is like going in a whore house looking for true love.
You don't ever give them your shares. You deposit your certificates like you make a deposit in a bank that backs up the PDR that they issue you....It's still your shares.
Nicely stated and I totally agree.
Sounds well thought out and good to me. Can't say as I blame you. There is no excuse for that BS from MT. He needs to make a statement in response.
interesting take...you may be correct but the buy back has never been stated that way. Why?
By George I think you got it. Ultimately, the company has to be valid and make money. So there are two issues going on. MT has fumbled the ball big time lately which hasn't helped..unless you want a boat load of shares at a nice LOW price. I'm banking more on Hector's credibility then MTs.
You need to ask your broker on how you go about selling your shares once you obtain your certs. I would think you could sell your shares and you have a couple days to turn in your certs. Don't really know the timing.
You don't have to send squat to Panama. If you get your certs, you are protected from owning phantom shares and the TA will have your certs on record, so MT will know they exist.
Honestly, I haven't decided if I am sending them to Panama or not. I'll make that decision when I learn more about how that works.
Last thing...if you are here to day trade...getting certs is rediculous.
That is the #1 question of the day. That is when the #$% hits the fan. Checkmate.
Now according to Janice...that will not happen because it is impossible for it to happen. Bottom line is you would be holding phantom shares in theory that have no conection to the company. I would say your broker would be obligated to return the money you used to purchase the shares and that would take who knows...couple years.
It all depends on how many shares are naked. If there is a billion shares out there naked...this could hit faster then anyone knows.
I could care less if anyone gets their certs...but I can tell you and it is listed in posts I already made...I have already requested and purchased my certs from Scottrade. $50