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if you own the shares june 1st
every 10 shares you own they will be 1
example
every 10 (common stock) shares will = 1
those 9 shares they will give you .001 five years from now.
$100 dollars = 1000000 (1milllion shares)
thats it
the debenture deal.
$100 dollars = 100,000 common
$900 dollars cash five years from now.
also if you dont want to wait five years and the stock price goes higher then .001 they will let you trade (convert) the debentures for 90,000 share of common between now and five years.
PEAR ASIAN MINING HAD SENT ME AN EMAIL..............
THEY ARE REALLY CONSIDERING MAKING THE DEBENTURES AUTOMATIC TO EVERYONE TO KEEP INLINE THE GOAL OF THE COMPANY TO REDUCE THE SIZE OF FLOAT.
googd morning everyone
I SEE ALOT OF ACTION TONIGHT ON THIS BOARD ABOUT THE BUY BACK OF THE OUTSTANDING SHARE. I THING THE BOARD SHOULD CONTACT IR
INVESTER RELATIONS AND SEE WHAT HE TELLS YOU. HE TOLD ME HE WOULD BE BACK TO ME MIDDLE OF NEXT WEEK. SO NOW IM JUST SEEING WHAT HAPPENS..........
ON PAIM WEB SITE YOU HAVE ALL CONTACT INFO FOR IR. CALL THEM AND BRIN UP YOU PROBLEMS AND QUESTIONS.....
i have contacted paim invester relations the board is talking about if they should make everyone convert of if you can choose not too convert i guess we have to wait and see.......
they should be contsacting me on wed or thurs to see if you have to convert shares....
i used to own usxp. i had to sell.......
i like the company they have a LOT of goals but i think the ceo and upper team of the company talk too much and too soon.
i have friends in delaware that bought so much of that stock and im sure now there loosing there shirt...
but yea your right acouple of months paim should be flying high....
GOLD OR FOLD? DO THE MATH...
ON ARTICLE FROM MARCH 14 ONE MONTH FROM TODAY.
PASIG CITY, Philippines--(BUSINESS WIRE)--March 14, 2006--Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) released today the second geo-survey and assay report. The report was conducted by Ostrea Metal Laboratory, Inc., a renowned Philippines chemical assay company, and completed on January 7 -- R.A. No. 32749. This second gold and silver assay report from the samples of two tunnels and selected trenches of the XYZ gold mine site shows rich gold ore reserves.
Pearl Asian Mining continues its preparation to develop the infrastructures of the XYZ Gold Mine Site. The XYZ Gold Team soon will start to rehabilitate the tunnel #3, operating at 50 metric tons per day, where the occurrence of the high-grade gold ores were identified and documented.
Rich gold samples from Tunnel 3 were assayed at 37.35 grams per ton, 49.44 grams per ton and 94.20 grams per ton, giving an average of 60.33 grams per ton.
A. The estimated average of the assay result from Tunnel 3 is 60.33 grams per ton of gold ore and can produce an output of approximately 15,083 grams of gold per day at 30-day month production (15,083 X 30 days) the output of 452,475 grams or 14,596 Troy Ounces (app. 1 gram = 31 Troy Ounce) which is equivalent to $7,298,000 USD per month at a selling price of $500.00 per Troy Ounce.
B. Annual Gross Revenue (AGR) from the gold production to be $87,576,000.00 USD ($7,298,000 X 12). This estimated gold production does not include the sales of silver and other minerals.
C. PAIM's macroscopic plan for the whole Masbate Island because of its rich gold potential is implementing the Community Mining Assistance Program (CMAP) and improved production capability of the Community Small Scale Miners. PAIM is expecting to acquire additional income at a minimum of 12 kilograms or approximately 387 Troy Ounces of gold, which is estimated to produce a gross revenue of approximately $193,500.00 USD.
D. The $193,500 gross revenue per day ($193,500 X 30 days) is estimated to be $5,805,000.00 USD per month to give an annual gross revenue ($5,805,000 X 12) of $69,660,000.00 USD from the community's Small Scale Mining Assistance Program.
E. XYZ Operation Gold Finger will yield an estimated total annual gross revenue of $157,236,600.00 USD ($87,576,000 + $69,660,000). This excludes the income anticipated to result from the sales of silver and other precious metals.
________________________________________________________________
I want to tell the board my way of investing you buy a stock (company) for what its going to do and is currently doing. not for what its already done.
when you buy a company thats already done somthing its already reflected in the price of the stock.............
be smart do your homework b/4 buying any stock........
target on paim and my goal.
as we have all seen thstock in at .0001 and then .0002.
and staying in that rang.
this stock is still one of the most active penny stocks on both the otc, and pink sheets.
i feel if volume can hold or at least remain some what high the stock will have no problem bouncing up to very large numbers.
the trading we see now is based on 30billion share.
just picture if this was 3billion...
after june 15 it will be. the float will be only 10% of whst is outstanding......
my breakeven or aleast short turm target is .001
yes
let me tell you a story i bought it for the dividend and it ended up exploding i think it hit .006 or higher on the record date (the date you must own to get dividend) i didnt know what to do b/c the pref stock had not price yet. so the next day i sold at .0002 doubled my money and rebought it after that..........
and here i am trying to buy as much as i can......
when this float shrinks skys the limit for this baby
paim contact info
its a good thing alot of people are starting to look at this thing.. good sign..
by the way i spoke to richard who is head of invester relations. great guy.... i recommend anyone that has questions on where the company is going or where it has been he is very imform
Investor Relations - Richard C. Miller
Phone: (770) 336-5779
Fax: (877) 317-4430
E-mail: IR@PearlAsianMining.com
jim your on top of things.....
yea
i bought 10million today .0001 and im going to try to get some more next week.
i think another 10million and im good..... ill be happy .....
thats it
hummmmmm.............
pre - stock must be converted into common not only that.
pre - stock have clearing restrictions. its not registered yet
what im trying to say is you have to wait. it should take acouple of months until you can do anything with it. just remb it was free...........
i have to say they will at some point have to cover there short.....
info on market makers you should all know.
well i have to tell you i dont blame the market makers for the stock price. there buying at .0001 and selling at .0002
there doing there job but more importantly they are creating a new support. let me explain.
if they just moved the price to .0002 everyone would sell and crush the stock. if they (the market makers) take it slow and sell at .0002 from time to time. those buyers will build up. and they wont want to sell until it goes to .0003 to make a profit.
that will contin- up the ladder and on and on ........
Im not sure if were talking about the same people.
these guys are stock brokers/ financial advisors.
not market makers. they may have market makers but they are not.
some info i found the market makers for paim that i could see on the tape is:
vfin - vfinance
ubs
doms - domestic securities
hdsn - hudson securities
efgi - empire financial group inc
nite - Knight equity market
brge -
I just called my friends at new bridge securities and ladenburg thalmann in south florida and a few of my friends have about 600 million shares there trying to buy at .0001 but there not going threw
i see one of the market makers is vfin (vfinance)...
they have an office 2 sec from my house in boca raton
they guy that bought at .0004 must be looking at his account and prob freak out.....
welcome to the pink sheets kid
I WANTED TO TELL THE BOARD I GOT FILLED AT .0001 10MILLION.
WOOOOOOOO HOOOOOOOO.................
IM SO HAPPY
I WENT TO SCOTTRADE TO MAKE A DEPOSITE SO I CAN BUY MORE ON MONDAY... IF ICAN STILL BUY AT .0001
i placed my order at yesterday morning and i just got 400,000 share........
its starting to coming my turn.
IM LOOKING AT THE LEVEL 2 EVERY OTHER ORDER IS COMING IN AT .0002.......
ALOT MORE BUYING THEN SELLING.................
JUST TO LET THE ROOM NOW SOME NUMBERS ON THE STOCK
MAY8TH 208K NEW MONEY IN STOCK
MAY9TH 214K
MAY10TH 215K
MAY11TH 119K
MAY12TH ABOUT $142K (YESTERDAY)
some one sell me 10million shares at .0001.
i have had an order since yesterday morning and i still havent been executed
I have to say this whole room should cost average with it at .0001 and buy as much as you can.
by end of next week you wont be able to see .0001.
like i said yesterday and the day b/4 that the market makers right now are selling at .0002 and creating another support level. a base so when it makes the jump to .0002 it stays there.
when this think has 3billion and not 30billion this will explode. what happen this morning with less share out there should hit .0008 maybe even .0009.
by the way i think the company has a price target of .001 for there common stock short term and thats why they are issuing convertable debentures @ .001 par.
i have talked to invester relations the board should be meeting on the details of the buy back. i was informed that all investers MAY have to convert but the board has not said so yet.
next week i think they should come out with more info.
on how to the the change etc............
i have talked to invester relations the board should be meeting on the details of the buy back. i was informed that all investers MAY have to convert but the board has not said so yet.
next week i think they should come out with more info.
on how to the the change etc............
the way they reduce the float (the amount of share out in the market is by the debentures)
if you own the stock (common) on june 1.
2 weeks after that on june 15 they will give you an option.
to own the shares you own (common) or to own the debenture.
the debenture is a bond a debt product. almost like a credit card. we are lending them the money that we have in the stock for 5 years. then in 5 years give you .001 per share.
they have also made the debentures convertable at par (at the price of) .001
by the way thats 1000% return on your money $100 WILL BE $1000
what im saying if you take the debenture it will be valued .001 per share. the goal for the company is to make
30,000,000,000 into 3,000,000,000. the easyest way and cheapes is debentures.
Now on june 15 they will see who wants the debentures and who wants to keep the common stock. after that the holders of the debenture will amount to 90% of the outstanding shares.
the rest will be common stock.
that will mean less stock to go around. and since the stock market is supply and demand with this company being the most active penny stock and gold hitting new highs etc...
i think demand will be there but less stock to go around.
i hope i ans your question.
stockchart.com
hey i like that site for charts
thanks for that paim chart.
stockchart.com
while the whole market moved down paim is up at .0001
thats a very good sign.
i was doing some research and i saw that new money going into the stock is still up and up pretty high.
about
may 8th $210,000
may 9th $215,000
may 10th $216,000
may 11th $119,000
___________________
thats new money into the stock $760,000
this is a good sign for a company market cap at around $3million (30billion share x .0001)
lower float = easyer for stock to move up and down.
understand that everything is supply and demand.
if theres less share out there and people want to buy stock price will move up.
I USE SCOTTRADE (SCOTTRADER)
I ALSO LOOK AT LEVEL II quotes at quotemedia.com
that gives you all orders that have just been executed.
also a very informative site is pinksheets.com
but scottrade have pretty good real time quotes etc...
BXA SIZE 0X1000000
THIS IS THE BID SIZE COMPARED TO ASK.
BXA 0X1000000
THIS COULD MEAN SOME GOOD NEW.
why are you not selling @ .0002
well you have understand that if market makers move the bid to .0002 and aloud everyone to sell at .0002 that would bring it back down to .0001 with in sec.
what they are doing is creating a support. the people buying at .0002 now will not want to sell at .0002 they want .0003 atleast.
this is just creating a base. (support)
so when the stock moves higher it will stay..
i feel the stock wont move until they remove the shares from the market. when the buy back is completed. that will aloud the most active penny stock to move with no problems from the float.
let me explain it easyer for people that dont know.
for people that do not know.
the bid price is the price you can sell and people are willing to buy.
the ask price is the price people are willing to sell. and they will sell to you at that price.
right now the bid .0001 Ask .0002 (paim)
so info on the market today and down below info on paim.
i see here no one really talks about paim. (facts i mean)
I have to say its staying around .0002 (paim) but the bid isent moving. Oh well
market over view as a whole:
The overall market continues to bleed red today over interest rate jitters and high oil prices.
Stocks plunged Thursday as surging oil and commodities prices fueled investors' uncertainty about inflation and higher interest rates. The Dow Jones industrial average dropped more than 125 points.
i want to also inform the room that the dow jones is about 150 points right now from the highest its ever been. where even with a bad day is a good sign.
________________________________________________________________
Gold keeps going up New 25-Year High Above $725
Oil Prices Rise on Renewed Supply Concerns
30-Year Mortgage Rates Edge Down Slightly
Retail Sales Up
________________________________________________________________
________________________________________________________________
PEARL ASIAN MINING INDUSTRIES, INC. (OTC: PAIM)
================================================================
Pearl Asian Mining Industries Inc. (OTC: PAIM) is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Utilizing a Debt-Free Financial Statement, and world-class mining expertise, Pearl Asian is recognized for its leadership in the mining industry.
Pearl Asian Mining Industries Inc. currently owns 100% of the 12 mining claims in the Namaimo Area of Vancouver Island, British, Columbia, Canada. PAIM owns 100% of the Exclusive Operation Mining Agreement (EOMP) with the Pearl Asian Mining- Philippines Corporation, 100% owner of the Small Scale Mining Permit (SSMP) on the 20 hectares of the XYZ Gold Mine Site; with pending approval of its Minerals Production Sharing Agreement (MPSA) Certification on over 8000 hectares of the XYZ Gold Mine Site. MPSA is the equivalent to the Mining Claims in US & Canada.
some info that i was looking at for the next 2 years paim does not pay taxes on bought goods. like equipment etc. this should save them 15-22%. this was given to them by the goverment several months ago.
janice shell
yea your right very big debt but on a comapany thats profitable and may not have to pay it if with in 5 years stocks over .001 par.
even if they get in debt stock should run. i bought over 100million share just to see what happens and i think this will be a home run. i told my friends at several brokerage firms and there buying acouple of thousands for there account.
my price target and why
by the way on your order for .0001 i placed mine yesterday and was just executed today.
now this is what i think will happen your right about the resistance but you need to understand this is the most active pinksheet stock. the last time it moved was when it ofer a stock dividend and then it moved to .0003.
i feel to break its resistance it wont happen until june 14 when maybe even a month later. this is why on june 1 you must be an owner on june 14 you choose if you want the debenture or if you want the common shtock you have now. you get to choose then they will buy the share several days or even a month after that and then if volume remains the same will the stock break .0002- even higher at that point skys the limit.
i want you to know this is very rare to find a company debt free with money in the bank in a booming industry with no where to go but up. at this point i think your only chance to loose money is the company goin out of business. other then that you can sell at .0001
here is some info you should all be aware of paim.all about paim.
Pearl Asian Mining Industries Inc. (OTC: PAIM) is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Utilizing a Debt-Free Financial Statement, and world-class mining expertise, Pearl Asian is recognized for its leadership in the mining industry.
Pearl Asian Mining Industries Inc. currently owns 100% of the 12 mining claims in the Namaimo Area of Vancouver Island, British, Columbia, Canada. PAIM owns 100% of the Exclusive Operation Mining Agreement (EOMP) with the Pearl Asian Mining- Philippines Corporation, 100% owner of the Small Scale Mining Permit (SSMP) on the 20 hectares of the XYZ Gold Mine Site; with pending approval of its Minerals Production Sharing Agreement (MPSA) Certification on over 8000 hectares of the XYZ Gold Mine Site. MPSA is the equivalent to the Mining Claims in US & Canada.
Pearl Asian's mission is to partner with the Philippine Government in order to acquire abandoned mines with known and proven gold reserves left for centuries. In addition, Pearl Asian is involved in providing products and services targeting the small scale miners in order to create orderly and sustainable gold and mineral productions that promote the growth of this newly-born, Mining Revival Industry Sector of the Philippines. This Small Scale Mining is a Community Livelihood Economic Base that covers 1% of the total Philippines Gold Mines and substantial amount of Gold productions output.
now on march 4 they said they would be buying back 90% of the outstanding shares. the most activily traded pinksheet stock (and has been there for about 6 months) will be trading with 1/10 of the float it had.
not only thats there debt free.
with the price of gold, copper, etc...
i feel its really going to move after the buy back.
if you have any questions or disagree emial me or post it up.
flantonio2005@yahoo.com
will some one sell me 40 million shares at .0001? i had an order all day yesterday and im still not executed. i want in.
the naked shorts were 2/3 of the float and i think thats going down. good sign.....