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yes and heres my reasoning... how can the OS exchange hands daily?? It can't, its called FTD's, failure to deliver. Its exactly what the ruling dealt with from the SEC's grandfather clause changes this summer. Kill the counterfit i like to call it, hail dollar.
This is your money tree. Pick it.
How many agree TQWI=N.Short Victim? Reply yes or no
should see a rise in paimp soon from the rise in paim. i give it about a 2week buffer.
How about them apples?
so then every 453 million dollars income pps goes up 1.00---
Goooo ralllllllllllllllyyyyyyyyyy!!!
Looks like rally monkey killed the raly. :(
RALLY MONKEY!!! WHERE ARE YOU???
their will be just wait for the mythical beast
Local brokers only I think
still in this one? What about the pfds, they're at 4 cents. are they still convertible at 1.30 or higher?
WAKE UP!
COWPP.OB --- Canal Capil 1.30 Preferred Stock @ FOUR CENTS!!!!!!!
WOW what a deal. Now lets see when this one is due.
yeah it is, and on top of that, they are reducing their float to 300 million very soon. I smell rising prices for both paim.pk and paimp.pk!~
#1 post----> PAIMP.pk
I'm pretty sure they will work. I don't know about the taxing though. Taxes are a consideration for me.
http://www.investorshub.com/boards/board.asp?board_id=9713
Here is a thought.. After the buyback, can we buy paim.pk @ .00002? I see the plan now. To me, this presents an interesting scenario. A buyback, mandating the price be moved to .00002, for a company that will have 300M in OS after buyback, with income of 24M a year. What a play that will be!!!!
$1000 invested @.00002, fair value pps .06 = $3,000,000
How many new millionaires is pearl asian going to create!?!?!?!?!?!?!?!?!?! I'm one!
Wow ms pearl is very wise. THANK YOU AGAIN MS PEARL MAY GOD BLESS YOU!!!!
amen to that! I sent my cert to ZECCO.com--- free trading out of canada... Oh canada, Oh canada, We stand on gaurd for thee!!!!!
Do I have to pay canadian taxes on my profits or do I still pay USA taxes?
Paim buyback = PAIMP GOING UP----->>> Here's why
Paimp shares are still convertible at the same rate. If you do a reverse split, it will eventually raise the price of the stock. PAIM was wanting to be uplisted into OTCqx; $1.00 pps minimum. With the new 2M per month income, and lowered O/s, we should be able to achieve that. So how does the conversion play a role? Well, 5000pfd:1common @ .00002 is $5; while @ 1.00 is $25k
Doubles your immediate investment from conversion if you buy PAIMP right now, 6 months later when the price of PAIM starts to reflect the lowered OS and increased income.
odiaz- the link is with paimp's chart
Thank you very much. I appreciate your info@
PAIMP is currently trading--------------
If there's a ticker symbol, a price, and volume, its trading. Otherwise, it wouldn't appear if it was indeed deemed non-eligible as some claim by the DTCC. JMO
If your lucky, your broker will be upfront with you. Most will tell you that its DTCC non-eligibility, or some other requirement BS. All molarky in my opinion.
I don't what broker is allowing paimp to trade right now. If I did, I would be alot happier.
IF PAIM JUMPS SO WILL PAIMP
Odiaz-- i posted a link to this forum in the ibox of my grandfather clause forum. I appreciate if you would put my link in your ibox as well. Thanks pal.
Here's to PAIMP, CHEERS!
I think you are wrong. Regardless, PAIMP has its position here. It should be added, 14.2 Trillion to the list above. It is also not off topic. It is indeed a stock involved with the grandfather short clause removal! The company released it plain fact. I dont agree with your perspective and highlights.
If its not related, then why did PAIM release this
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070614005....
NASDAQ Set X-Dividend Date As June 27, 2007 For Cash Dividend Distributions, Pearl Asian Mining Announces
As of January 31, 2007 PAIM O/S Float Was 6,587,389,302; Float Not Expected to Exceed 9 Billion After June 27, 2007; SEC Votes To End Short-Selling 'Grandfather' Protections
MANILA, Philippines--(BUSINESS WIRE)--Pearl Asian Mining Industries, Inc. with Stock SYMBOLS: U.S.A. (OTC: PAIM) (OTC: PAIMP) reports that NASDAQ set the x-dividend date for the cash dividend distribution as June 27, 2007. Pearl Asian Mining will distribute a Cash Dividend to each registered PAIM shareholder on record date of June 30, 2007. Therefore, only shareholders owning shares on the record date and shareholders that bought out of the market and hold beyond the X-date of June 27 will be entitled to receive the cash distribution.
“As of January 31, 2007 our o/s float was 6,587,389,302 as per records with PAIM’s Transfer Agent. The TA confirmed as of Monday our float will probably not exceed 9 billion shares even after taking into account the conversions to common shares from CDs and preferred shares,” reports IR Officer Jeffery Bosaw.
SEC Approved Regulation SHO Governing Short Sales - The Protective "Grandfather" Clause To Combat Short-Selling Abuses - SEC Votes To End Short-Selling "Grandfather" Protections
The U.S. Securities and Exchange Commission voted yesterday, June 13, 2007, to amend certain Rules under Regulation SHO – rules that govern the reporting, monitoring, and closing requirements for Failed-to-Delivers or short sales. Most notably, the SEC voted unanimously to remove the “grandfather clause” which has allowed unscrupulous parties to engage in manipulative stock trading practices, particularly naked short selling. The grandfather clause excluded from reporting and monitoring requirements short positions on stocks prior to the time these stocks were included in a threshold list of stocks with substantial short positions.
The SEC meeting may be viewed in its entirety via the following link: Once the “US SEC Open Meeting Webcasts” page opens, click the appropriate viewing software under “Archived Video Webcast, Original Live Broadcast: Wednesday, June 13, 2007.”
http://www.connectlive.com/events/secopenmeetings/
Short selling involves sales of borrowed securities, producing profits when prices decline. The practice is legal and is viewed by many to play an important role in market efficiency, but the SEC's Regulation SHO sought to curb abuses of the same, particularly so-called "naked" short sales, in which short sellers don't borrow securities they sell, a practice some view as akin to counterfeiting or selling “phantom” shares.
Regulation SHO, which took effect in 2005, imposed stricter requirements on locating and delivering shares that are sold short but excluded some previous short positions through a "grandfather" clause.
The Securities and Exchange Commission voted Wednesday to approve a change to tighten rules intended to curb manipulative short sales, most importantly, "naked" short sales.
The change eliminated an exception that protected existing short positions from requirements to deliver hard-to-borrow shares within 13 days of settlement. Once the change takes effect, short positions previously protected by the grandfather clause must be closed out within 35 days.
SEC Chairman Christopher Cox said persistent failures to deliver shares sold short seem to be due to the grandfather protections, which the SEC included in 2004 to prevent stock-market volatility. Critics complained the protections undermined efforts to clean up abuses involving "naked" short sales.
Short selling involves sales of borrowed securities, producing profits when prices decline. The practice is legal, but the SEC's Regulation SHO sought to prevent "naked" short sales, in which short sellers don't borrow securities they sell.
SEC officials said delivery failures have declined about 35% overall since Regulation SHO took effect and have fallen about 53% for hard-to-borrow stocks defined as "threshold" securities.
Furthermore, PAIM believes that since 2005 it has been a victim of naked short selling and applauds this latest action taken by the SEC, but is concerned that the new rules will not be vigorously enforced. PAIM also believes that institutions that are responsible for reporting short positions are not following the rules, and therefore the monthly reports are inaccurate.
************************************************************
please explain how paimp is not affected by the grandfather clause changes
Another site talking about paimp
http://www.marketmillionaires.com/hot-micro-cap-stock-picks-under-1-00/9256-paimp-saturated-illegal-....
They seem really pumped up about it, especially the thread founder sirenebekim.. I've tracked siren's trades throughout the past couple of years, I've followed him from yahoo boards, to investors hub, and now to market millionaires. He's also on the market news website mn2. I've followed his trades and have made alot of money with his suggestions. I dont think this guy is a big pump/dump artist b/c ther are no volume traits that follow his picks... He picked one and bailed on it before it jumped, but he bought in at 6.00 for frpt; bought in @ .8 for gnbt in 2006, and bought in at paim for .0004 before its big jump. Guessing its a HE, HE has averaged about a 200,000% gain since I began watching and following him in the beginning of 2005. Sirenebekim, if your out there, THANK YOU!!!! I've made alot of money along with some other people I've noticed that he communicates with on the forums.
One guy bought a couple of dirtbikes,cars, and a house with the profits he made with Siren's suggestions. Maybe siren should start his own investment page! :)
God Bless Sirenebekim
Just because its not experiencing volume right now doesn't mean its not worth your investment. Personally, I would watch it until we get with in a couple of days from the NSS date set above
I can't find anyone that will take my certificate. The last broker I tried, said they would accept it, and turned it down. THen I switched to E*trade--they took itbut have a block to prevent sell/buy orders online, and after you call in and place them with a broker they get shot down a few seconds after you place the order. I called and asked why I couldn't sell, they said it was a DTCC issue and they had put a stop on the security from trading. I asked why is there volume every day? They had no comment. I called at a later date and asked why if there is a DTCC restriction on paimp.pk, how can volume be exchanged almost daily recently. They then told me that it wasn't DTCC it was E*Trades restriction. So, just like schwab, they aren't allowing it to be traded. I wonder if they will have any bills due 35 days after the grandfather clause ruling takes its toll. LMAO oh those will be the days. I just have to find a private broker that will take my cert! ANYONE KNOW ANYONE?
Interesting Numbers here------------->
Add paimp to the above list, with my guestimate of 14,247,000,000,000
Feb 10th to May 15th 2006 ALOT Of volume went on... Add those up, and multiply it by 1000x, you have the position. 700 million shares would exchange in one day during that time period at the price of .0001--- the exact price PAIM complained about in a PR suggesting illegal shorting
I went ahead and added up the days, some might be off or missing since it was rather crude. But these are in the millions
13
43
340
77
542
74
94
60
1
31
905
939
2
3
5
311
389
321
294
66
159
180
230
221
272
95
228
778
90
134
788
584
877
500
200
300
405
192
427
216
232
48
500
200
61
291
141
769
Total 14,247,000,000 illegally shorted shares @ .0001, Times one-thousand (forward split) = 14.2 TRILLION possible illegally shorted shares residing in PAIMP out of 22 TRILLION OS ( Which is less now b/c of PR stating most had converted)
Thats why Paimps going to 1.00
Add paimp to the above list, with my guestimate of 14,247,000,000,000
Feb 10th to May 15th 2006 ALOT Of volume went on... Add those up, and multiply it by 1000x, you have the position. 700 million shares would exchange in one day during that time period at the price of .0001--- the exact price PAIM complained about in a PR suggesting illegal shorting
I went ahead and added up the days, some might be off or missing since it was rather crude. But these are in the millions
13
43
340
77
542
74
94
60
1
31
905
939
2
3
5
311
389
321
294
66
159
180
230
221
272
95
228
778
90
134
788
584
877
500
200
300
405
192
427
216
232
48
500
200
61
291
141
769
Total 14,247,000,000 illegally shorted shares @ .0001, Times one-thousand (forward split) = 14.2 TRILLION possible illegally shorted shares residing in PAIMP out of 22 TRILLION OS ( Which is less now b/c of PR stating most had converted)
Thats why Paimps going to 1.00
"With PAIMP preferred shares now trading, shareholders are given more choices to decide on how to manage their shareholdings, i.e. they may trade PAIMP stocks over the counter, convert PAIMP preferred shares to PAIM common shares, or to hold on to their PAIMP stocks as a long-term investment. PAIMP preferred shares are still convertible to PAIM common shares, based on the following conversion rates"
Look. "May trade PAIMP stocks over the counter"
Another more recent press release states "We are working on getting paimp trading again. It never should have stopped in the first place" - not exact words but from PAIM
Most preferreds have a time limit that you must hold them before you can trade. However, this is not the case here. PAIM is the one responsible for setting that time period, not the SEC or anyone else. When they got paimp its own symbol, that was the OK to start trading. The big boys held it back. Ask anyone that tried to get their certs deposited with Big Brokers. Ask anyone that did get them deposited, later to find out BB wont let them place buy sell orders. Did you know, that E*Trade first told me it was a DTCC issue why I could not place a sell order? Later they told me that it wasn't DTCC, it was something that E*Trade had mandated.
Why on earth would E*Trade, amongst others, put a stop on paimp? FTDS
Each failure to deliver, illegally shorted position, will become accountable in the very near future due to the changes in the grand father clause law. All accounts, that fell under this rule, must become cleared within 35 days as stated by the new law. There's plenty of info here covering that so I'll stop. Paim issued a 1:1000 forward split, multiplying that illegally shortd position by 1000x for the symbol paimp.pk; the brokers didn't know that paimp would open at the same price that paim was trading @ when the forward split took place, literally, logically, and mathematically making it exactly 1000x their original position. THe press release from paim at the time this took place stated that it was to give credit to the early shareholders of paim.
So what we have here, is a fine example, of an easy way to make alot of money. If you search google for "paimp" you will find a lot of people, from different sources, that believe that paimp will soon be trading at 1.00 per share due to the new ruling in the grandfather clause, and the exsorbant amount of illegally shorted shares, aka phantom shares, that exist within the symbol paimp.pk
please remove, duplicate
I can't find anywhere that can trade PAIMP--- I suspect it has a huge naked short position and that the big boys are doing everything to keep the legit shares from being in the market.
1:1000 forward split @ the time there was estimated 2.2 billion illegally shorted shares for the common stock, so take 2.2 billion times one thousand and you have the naked short position. That obviously describes why none of the big brokers are letting anyone deposit, trade, etc those shares. All conspiracy theory but it is logical...
I called all the brokers if you do a google search for the terms "online brokerage" --- None of them accept paimp certs. Some of them say its because I have too many, some of them say they are just for conversion and thats all you can do. I have yet to find one that will allow me to freely trade paimp.pk as described in the PR stating it would allowed to be freely traded.
I sent the certs in to be converted into paim common shares. I dont' believe their will ever be a market for paimp b/c all of the brokers are making it impossible to trade.
lol i could care less if this company flies or dies--- i'm in for the pps spikes and day trades
read it again for comprehension and you will see my point. If not, its a dead end subject. We'll see who's right when they release a PR stating a buyout is in the works.
E-trade isn't allowing it to be traded. I put in a request for my cert to be reprinted and sent to me. Where should i go next? I want to get some of action?!!
Its ok, I like to have correct information. But please do go over these following statements.
"A HydroFlo, Inc. (Other OTC:HYRF.PK - News) representative recently visited BioCera Co. Ltd of Sungnam City, Korea, to discuss potential mutual business opportunities."
"The HydroFlo, Inc. corporate office is located in Apex, North Carolina, near Raleigh. HydroFlo's core focus is to seek out synergistic acquisitions that will provide capital appreciation and income for its portfolio companies through the acquisition, development and commercialization of innovative technologies and processes that will improve the quality of water throughout the world by means of detection, treatment and removal of contaminants. For more information, please visit www.hydroflo.us."
Not allowed to trade, but volume today? WTF???????
Also, noticed how since that grandfather rule change took effect, our days where we have trades become closer and closer together. I wouldn't be surprised if after they cover they allow it to be traded. I hate the mm's.