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At least is the word.
There will have to be a fair market valuation.
Not sure.
Hang on to your hats boyz.
No one can explain what this means, including you.
This could be for any number of reasons - you're reading in only one interpretation.
Funny, your views on this stock always seem to lean towards the negative. Why did you buy here initially?
Right, in that sense it's right - but, it would make a much better impression of our OS - thus making it easier to move.
Lots of people are scared off by the O/S.
What if they changed a big chunk of the OS to restricted shares (to back PDRs for example) whatcha think?
They need to lower the AS too, it would project confidence.
No, it's not sincerity.
I'm a biznessman too, and i could just tell from the way these guys were talking that they had something that's real. The words they used, the details that rolled off their tongues, the level of comfort with the concepts. They are obviously living and working this stuff everyday, and it shows.
What they have is for real, that is my very strong opinion.
I have a good eye and ear for BS, and those CCs were GREAT!!
Think about it - his honesty hurt him badly and he took it like a man. If this was a scam, he would have came on there and said, "China is coming together, and it looks like we'll be launching in the next 30-60 days, and that is going to be HUGE!!" - BUT he didn't.
Think!!! What makes the most sense?
Yep - I added a good bit this week and it took a while - most of the day - to get in at the entry point i wanted.
GL
After listening to Stewart and Mark, I have to honestly say that IMO you're making a mistake.
Hold for 3 more weeks and then sell if you're still pissed.
but, you have to live with it
Today has looked better than earlier in the week.
Lots of buying at the ask today.
Right.
One buyer after 3 or 4 mill and it suddenly looked like it was a steroidal gazzzelle - "as they say"
Yep,
UBSS backed off - for now.
getting filled takes time - not a lot of eager sellers at these prices it seems.
Something happening.
And... he said there was no way he would have another CC unless he was ready to announce the JV.
Less than 2 weeks!
BRGE showed up.
Guess Stockfly is buying now.
"Much like the wagon trains heading west many years ago as they stretched out one behind the other heading into an unknown territory there were many who laughed and criticized them, like a dog barking at a passing car. Well we face the same thing everyday. People who say it will never work, it cannot be done, and even doubting the things we have said have been done. To that, I only have this to say, "The dogs may bark but the caravan moves on." We are already working on audited financials and it is clearly our goal to become a fully reporting company as soon as we can make that happen. We are adding more staff to handle all the big and exciting things coming our way. Join us for a great 2007."
Your insinuations are getting tiresome.
It's obvious that you think a lot of yourself.
That's good, because you're the one that has to live your life.
Miserable.
Snick needs a new nickname.
How 'bout "Puzzlemaster"
Another piece in place by Snick.
Thank you sir.
GM all.
It's a good day to be alive!
All you whiners, just sit back and thank your Maker that you are alive and kickin'. Every day that you have two legs, two arms, ten fingers and ten toes is a great day. Even if you don't, it's dang nice to be alive and breathin'
So, put everything in perspective. You chose to gamble here, no one else. Money can be replaced.
Go outside, take a walk and think about what's really important in life.
YOUDAMAN!!!
A company can use any currency to record its transactions in the obligatory balance sheet and inventory book. An audit of annual financial statements must be performed by independent Panamanian certified public accountants for: (1) companies listed with the National Securities Commission, insurance and reinsurance companies, banks and savings institutions; and (2) any company with capital or annual sales volume or gross income exceeding 100,000 balboas ($100,000). Companies that invite the public to buy securities must submit audited financial statements to all registered shareholders and to the National Securities Commission. There are no statutory audit requirements other than for the companies mentioned above and in general no need to file financial returns. Books of account must be stored in Panama if they record transactions conducted within the country.
http://www.offshore-protection.com/panamaHaven8.html
Panama Corporation
FROM: http://www.globaloffshore.com/panama.htm
Characteristics of a Corporation (Sociedad Anonima)
Taxation is based on the territorial system therefore only locally sourced income is taxed.
If a company’s activities are conducted outside the country, no tax will apply.
Minimum of three directors and one shareholder.
Corporate directors and shareholders are permitted.
Bearer shares are permitted.
Details of directors and shareholders must appear on public file.
The directors of a Panamanian company must appoint a president, secretary and treasurer.
No minimum capital requirement. However bearer shares or no-par-value shares must be fully paid when issued.
No requirement for audited annual accounts provided no business activity occurs in Panama.
Incorporation within two days although the documentation takes longer to arrive.
Prior approval of the name is required. Some words are sensitive, for example Bank , Insurance, Re-insurance or Trust.
Names must end in Sociedad Anonima (or SA), Corporation, Corp, Incorporated, Inc, AG etc but can not end in Limited, or in a word in any other language which denotes that it is of limited liability.
There is no requirement under Panamanian law for a registered office to be maintained in Panama. But the company must maintain a resident agent who must be a Panamanian lawyer or a firm of Panamanian lawyers. The minute book of the company and stock register, which is required under Panamanian law, can be maintained in any part of the world.
As long as no business is carried on within Panama there is no requirement to file returns with the Panamanian authorities and no requirement to lodge any financial or other information unless the company is wound up.
Panama Foundation
How the Foundation works:
A private foundation is like an independent juridical entity which acts like a trust but operates like a company. It can be used in estate planning and protection of assets.
The founder deposits a notarised private foundation charter at the Public Registry; or the Charter can be executed before the Notary Public. The Charter must specify:
The names of the foundation council, who administer the foundation on behalf of the beneficiaries;
The property of the foundation;
The domicile of the foundation;
The name and details of the Panamanian agent.
However the names of the beneficiaries and principles of operation can be contained in a separate regulations document, which does not have to be filed.
The Characteristics of a Foundation:
Minimum capital requirement is US$10,000.
No accounts are necessary and an audit is not required.
Tax is only levied on income generated within Panama.
Foundations are subject to the same capital taxes (minimum $60) and annual registration fees ($250) as the corporations.
FACT: Spoiled children grow up to be spoiled adults.
Me, me, me.
I'm mad!!! Can't you see I'm mad!!!! Do something!!!
I'm going to keep telling you I'm mad until you do something to make me feel better!!!
Day care is closed.
See you tomorrow.
Any word from MT on the Atrade sitch?
Playstar Corporation (PLYCF:PK) is very pleased to announce it has closed its 100% acquisition of Function Inc. In a press release dated Dec 20th it was stated our acquisition was increased to 100% and in escrow until Jan 11th 2007. The transaction is closed and now operating as a full subsidiary of Playstar Corporation.
ADVERTISEMENT
Stewart Garner states, "We have been operating Function as a closed entity and now this deal is done. Function's games for the Peer-to-Peer market have undergone testing and patents applications and are almost ready to deliver to telecommunication companies and sponsors worldwide. The market is tremendous and the concept is phenomenal, combined we truly have created a winner for our shareholders. The market for these types of games is rapidly growing and we feel our product will be very successful with the target market."
Function Inc has filed many patents and trademarks worldwide of its proprietary SMS Peer-to-Peer (P2P) Text Message (SMS) and Online games. First quarter of 2007 Function Inc. will roll out their first series of proprietary SMS and Online games driving adoption rates via P2P, Affiliate, Referral and Organic Marketing.
Agreed. Great!
If you're long, don't sell until they get this stuff up and running - sounds like the JVs that are after this stuff are hungry, and it sounds like the revs could be HUGE!!!
Great stuff.
Someone say 'Playstar ROX'
BD,
Any one of us would've done the same in the same situation.
Stewart apologized yesterday for HIS mistake - telling people about what's happening without the ability to confirm - but i imagine he's pretty excited to land a big fish or two.
I think Stewart learned a few things yesterday.
My dream....
Stewart places a call yesterday afternoon to the big man at the BIG JV, and says "Hey man, we got creamed yesterday cause i wasn't able to say your name...what can we do to help this deal get to the point where we can PR it."
BIG JV says, "Stewie, we love your company and your product, and the deal is in the bag - go ahead and tell your shareholders all about it."
Stewie says, "SWEET... hey alice, set up a CC tomorrow, but this time we're going to act like it's no big deal and then we'll drop the BOMB on 'em!!!"
That'll show those illiterate jerks who grilled me yesterday!
ONLY A DREAM!!!!
Appreciated.
Nice to have a board that has honest intellect.
Thanks to all of you - you know who you are.
FTG,
As always, i respect your opinion and have taken it to heart.
As far as the huge growth percentages that seem unrealistic, i have a few thoughts. I agree that they would be unrealistic in a situation where a company is advancing and trying to squeeze more productivity out of the same biz plan - with no outside help.
But, with Panamersa (formerly PayPro), I think we have a situation where things have fundamentally changed over the past 6 months. This is not the same company as before. We have changed from a chimpanzee to a 900 pound gorilla.
Normal Q over Q growth, or Y over Y growth - yes, PNMS growth numbers don't seem realistic, but when you factor in the changes, it seems right. Apples and oranges, not bigger apples.
From now to May will be the hardest time to hold this stock. MT can alleviate that with a proper PR stream - even reassuring PRs are appreciated. Or, blogs (free and easy).
When this thing does go, hope you're around.
Good luck sir.
Agreed, that Stewart handled that very well.
He must have planned on having the JV done and ready to announce last week, then he thought it would be this week, but more delays.
So, his choice was delay the CC, cancel the CC, or go through with it.
He may have made a bad choice, but he handled it very well, and the news that we're going to get is just as big as the news we thought we'd get today.
Waiting game... although many wish they could have bought during the sell off.
Don't play the pinks with your rent money.
We're so glad that you created your Ihub account to post exclusively to the PNMS board to warn us "dumb" investors with the superior knowledge that you've gained since.....
February 16th, 2007
WOW.
Still going...
Of course - News trumps all..
but, I can see that if the company is quiet for the next bit, we might pull back some.
IMO, this type of gyration is good for one thing. Accumulation of shares into strong hands, long hands.
Thanks for your cander FTG...
only time will tell.
CHASE IT!!!
BEEEEEYAAAATCHES!!!
L2 stacking up!!!