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Agree but this will take some more time!!
Yes certs can be deposited but people do not have them back yet and MT made one big cert out of many and restricted the trading of those shares.
Do you not agree that if a RM occurs and there is a new company with assets, revs, a low O/S and that is a reporting company that this thing can move?
Most shares are in cert form (not being held by a brokerage) and some are restricted.
With the A/S and O/S soon to be 600 million instead of 6 billion and most of those shares being untradable, it won't take much to get this thing cooking again if we see some huge news and assets from a good RM!!!
IMO it is a bad time to buy with an RS coming. I think we can buy after the RS for at least half price. Who knows I may be wrong!!
Look at the average volume over the last 6-12 months. Today was decent but only $1200 worth.
Around 6 Billion O/S but in my estimation only about 500 million shares are tradable right now. I have not seen a L2 but the L2 can be very misleading when you have a stock that is barely trading.
And you know this?
I know there are a ton of O/S shares that are not tradable because they are tied up in certs so you may be right but I do not think we will see much volume here until after the R/S and then when the RM is announced. I expect to see a drop in the PPS after the split unless the RM is announced at the same time and it shows good assets and revs but normally a R/S is done first. If this is the case I expect to be picking up shares at around .0005 or lower after the split.
I am not saying that it is but at least it is something other then dead!!
No. MT always claimed that the gold in the foundation would back the whole exchange. MT was making all kinds of guarantees that Pedro never knew about. I had many conversations with MT and I still have many of the emails he sent to me that are total fraud. Again IMO MT is 90% to blame here.
Disagree.
Pedro was only CEO for a few months. The PDR exchange was not even part of PNMS.PK. It was it's own seperate entity (probably not legal) and MT was the president. MT was inside the exchange Pedro was outside as protector of the foundation (seperate entity). MT was making claims that the foundation would guarantee a certain return to those convering share to PDR's he also claimed that the foundations gold was backing all of this. This is like me giving you a loan and telling you that it is backed by Trumps money and now you want to have Trump fit the bill. Again I am not saying that Pedro was not guilty of dropping the ball here that is obvious but you have to admit MT is at least 90% at fault here.
Pedro was never the one that issued PDR's or made any guarantees. I am not saying that pedro has not dropped the ball here I believe he has in letting MT have as much money and as much freedom to cheat us as he did.
Listen we are in the same page here with pedro. What has Pedro done to increase shareholder value? Answer=NOTHING. The pps is still at .0001. All we have heard from Pedro are claims of massive assets but noone has ever seen a penny. Does this mean they are not real? Probably. Bottom line is that I am forgetting about Pedro ans focussing on the new direction. If Pedro happens to pop up in a year or two with a couple hundred million then fine.
The problem with the Guarantee is that it was a made up MT lie. Why should Pedro have to back this up? I would love it if he would they would owe me 900K but this will never happen.
Pedro put out a list of things he would do when he was CEO on Feb. 29th 2008. He accomplished all of the things he listed in that PR. Again I think he got in over his head and said screw this. I think he has many other business ventures that have and will make him more money then a pink. He is still majority share holder in this company.
2. Usually when a pink sheets company changes board members or the CEO it takes some time for them to file this new info with the state. In this case they are in NV. It is never a top priority. The change was made at the shareholders meeting held a couple of months ago in TX.
3.You are right about the alleged 194 Million. That is all it is is a claim and has never been verified. In march of 2008 Pedro put this info out. Looks like we are missing 15-20 million. Pedros last claim is that this 194 million is all invested.
Period Ending Period Ending
12/31/2007 12/31/2006
Net Assets: USD$216,758,123.00 USD$107,327,342.00
Net Revenues: USD$98,856,095.00 USD$27,397,406.00
Increase in net assets over 2006: USD$109,430,781.00 (Up 102%)
Increase in Net Revenues over 2006: 71,458,689.00 (Up 261%)
Issued and outstanding shares: 5,629,810,600 (shares)
Earnings per share: USD$0.0176
Value Per Share: USD$0.0385
4. The new CEO Jack Brown is sending the Stock Certs back right now to those investors that converted shares to fake PDR'S.
Bottom line is that Pedro has not been involved very much in PNMS. I think he has had other busineses to focus on then a pink sheets stock. I think he let MT run it because he trusted him. He is still the Majority shareholder but I think when he was CEO for a few months I don't hink he knew what he was in for. He did do what he said he would do as far as the officers and the shares being legit in the state of NV. But I think as he got into it he found he could be more productive in other business ventures. He still claims that he is the protector of the foundation and that PNMS has almost 200 million in assets. We will see on that one. Again for me the jury is still out on Pedro and as I mentioned before in another post I beleive Pedro could be one of our greatest assets but time will tell on that one. For now I will focus on this new direction the new CEO has us going in.
I don't think you will see a PR on the new CEO announcement. This was done at the recent investors meeting that any investor could attend if they wanted to. They will submit the new info to the state of NV soon but just know that the change has been made and an RM is pending.
The only thing the bashers can hold onto now is MT. They can continue to bring up the past but MT is gone. He is not CEO he is not on the BOD he is not involved in any way. Agian new CEO, RS, RM. IMO
I do not consider Pedro an enemy at all. He may turn out to be our greatest asset. I just look at the facts and I can't see that Pedro has done anything for the investor in this stock but I don't know that this is his job. Maybe while he was CEO he could have done more. He still claims around $200 million is cash and assets for PNMS in the foundation but still NOTHING can be verified. Why not as the majority shareholder of this company why not show the proof. We have waited 3 years now and still not one shread of evidence has ever been brought forth to any of Pedro's claims. Again I do not disvalue Pedro he could be one of this companies biggest assets but for now I have put him on the back burner where he should be. I am now focussed on the new direction that this company will take in an upcoming RM.
Not talking about MT and the scam he pulled. New CEO owns some companies. RM soon. Bottom line is that we are dealing with a new valid company and not some sham that MT made up in his twisted mind!!
Agreed. If the company and this new direction can simply be a normal producing company and not some unverifiable nothingness like MT created then this PPS will be fine and it will grow as the company grows. I am not counting on Pedro for anything. He has never done anything for this stock. As the protector he has protected nothing. Sure if the 194 Million is real then great it will be a huge bonus but for now I am playing this as a new company or soon to be new company and with what I have heard then have some good assets to bring to the table. Again this is a long term play but after then split and I can see that the stock is leveling out I will buy some more.
Agreed that the wait has been a joke. MT is the one liar that caused all of this mess. I don't know if I will ever break even on this one but I do see a chance of getting something back here with Jack as the new CEO and a RM on the way!!!!!
Agreed but I do beleive it is comming. MT is history and we have a new CEO with a RM soon.
It's a pink. They do what they want.
MM games!!!!!!!!
Listen, nothing is set in stone here but look at what has just happened. A new CEO and new BOD. The CEO owns a fairly big private company. You do the math!
This is being worked on. This is job #1 right now to establish any type of credibility.
I agree the certified docs they submitted 2 years ago were a joke and could never be verified. I have been told by a very good source that an SEC CPA firm is working on the fins right now and that they should be out within 6 months or so. If this happens this would be huge due to the OTCBB requiring this for uplist. I know uplist is way down the road but the fins being certified would bring huge credibility to this company after the MT scam.
I completely agree. Pedro has done nothing but make huge claims of money and assets from the beginning. He has once again said that these numbers will be certified. Bottom line is that with or without Pedro the company PNMS is moving in a different direction. The new CEO IMO is working on a big RM to bring cash and assets into this shell. The whole thig with Pedro and his claims would be a big bonus (almost 200 million $$$)but I don't count on any of Pedro's claims becuase I have not seen him do anything with this company other then drop the ball.
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,
This would put the value of this company at 33 cents per share based on a 10/1 RS giving them around 600 million shares. Of course this all depends on Pedro and whether he is being honest about the assets. This does not include any money or assets from the pending RM either so the number or EPS could be even higher!!!
Yes RS and RM. I think we may see a name change as well.
True. Don't know if he has ever worked a honest day in his life.
I just don't think MT was the savings kind of guy. He lived for the moment and spent every cent he had.
No, MT was not that smart. He blew it all on gambling and fast women. Nothing ever went into the company!
So have I but now the liar and cheater MT is gone and homeless!!!!
They already have 120K from me!!!!!!!!
I disagree. New company new direction. MT is gone and he was the whole reason for this mess. I hear of some big things coming. As always I think they will take some time but I think at this price it is probably one of the best 6-12 month investments out there.