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IF ya fear that see what happened to me and other PAIM investors,,,PAIM had a 90 percent buy back,, but those were 90 percent of my shares that i actually owned along with other paim investors,,,AND all ameritrade could tell me its perfectly legal for company to restructure itself in a buy back of this manner,,, I thought reverse splits sucked till this happened to me and the others in PAIM...THIS can happen at any time''''''''''
ANY ONE HAVING TROUBLE PUTTING A BUY ORDER IN????SAYS I HAVE TO TALK TO A BROKER ON AMERITRADE''''''
THIS ALSO,,,,
Any company may reorganize at any time providing they compensate shareholders. This process occurs quite frequently and is legitimate.
Have a great day,
Donald S.
Reorganization and Safekeeping, TD AMERITRADE
Division of TD AMERITRADE, Inc.
ADD A FEW MORE ZERO'S TO THAT .001 YOU HAVE POSTED,, GOT THIS MESSAGE FROM AMERITRADE WHEN I QUESTIONED THE LEGALITY OF THE 90% SHARE REDUCTION,,,,,,,
The company has the right to do a mandatory reorganization. A mandatory reorganization is the result of an action taken by the company that affects the shareholders, where clients are forced to exchange their shares for something different.
In your case your shares were exchanged for convertible debentures. According to the information we received, shareholders received .000001 of the convertible debentures for 1 share of PAIM in the 90% buyback.
We urge you to contact the company directly for further concerns regarding this issue and for more information.
Thanks,
Maggie K.
Client Services, TD AMERITRADE
Division of TD AMERITRADE, Inc.
ALSO i never heard about acompany buyback that involved the shares that consumers own,, just from the float of unbought shares,, which i believe was quite large
I HAD 6 MILLION,,, THEY TOOK, 5400000 TO PUT AGAINST THE CD'S... IM KEEPING 25000 FOR WHEN SHE GOES TO THE DOLLAR,,, I CAN HOPE CAN'T I,,,, GLTY
I'm curious,,, could PAIM pull the same stunt with these supposed CD'S that they did with the shares i bought,,,To me they are no more than a promisary note with no promise,, i'm actually glad i sold at this point what shares i had left and made a nice profit from my original purchase, but still ticked that 90% were i say stolen from my account,,, How that was legal i'll never know,,, I am glad to see where the share price is now though,,,,,, GLTA
JANICE,,, HOW DO I GET THE PAPER CD''IF THE BOND IS A CD,,, I'D LIKE THE OFFICIAL PAPER WORK IN MY HANDS WITH PROOF I OWN EM....
ACTUALLY ,, MY SO CALLED 5400000 STOLEN SHARES ARE UNDER A BOND LISTING WHATEVER THAT IS,,,,
I COPIED THIS OFF MY AMERITRADE ACCOUNT,, IT USED TO SAY 5400000 UNAVAILIBLE, NOW THIS,, WTF DOES THIS MEAN,,,,, PEARL ASIAN MINING INDUSTRIES CONTRA DO NOT SELL 5.4 0.00 0.00 0.00
IF we are to believe todays latest press release,, stating their remote but flagship mining operation is recieving digging equipment to be in place by 7-31-06 to improve the daily production of 20 tons per day to 100 tons per day moved,, too bad it does not say this is mostly dirt,,, they seem to be talking ( going around) the projections of gold silver or other elements that might be found,,,,more waiting,,,,,
I'm still trying to figure out how it was legal for this company to steal the shares i bought,,,, i call it criminal and will suspect all pinkie stocks from here on,,,,,
what will my 5,400,000 shares that were stolen to be converted into a cd be worth in 5 years if this idea paim has really comes true,,,??????
I still don't see how it's legal for any company that sells stock,,pinkies or the big board that can legally what i'll call steal back shares that i purchased with my cash,,especially when they were supposedly 27 billion shares still in the float for buying,, least that what i figured when i heard there was 30 billion and PAIM wanted 27 billion back... i can understand reverse splits, forward splits,,at least ya have your shares and what ever new value they would be at that time, but to see not availble in my ameritrde account pisses me off... this is like filling my gas tank and then having it taken back out and the service station keeps the cash,,, Hell that might be big oils next trick,, it's probably legal''''
I GOT THIS FROM AMERITRADE,,, I WAS ABLE TO PUT 10% OF MY SHARES UP FOR SALE,, THE OTHER 90% ARE SITTING AT THE BOTTOM OF MY PORTFOLIO PAGE LISTED AS NOT AVAILIBLE,,,According to our records, I am showing that 90% of your shares of Pearl Asian Mining have been placed in a contra position due to the company?s decision to buy back 90% of their shares. The other 10% of your shares are currently tradable and you may place a trade for them at anytime.
Laurie W.
Reorganization and Safekeeping, TD AMERITRADE
Division of TD AMERITRADE, Inc.
HOW DO YOU SURRENDER YOUR CD IN 5 YEARS,?????, DEAL DIRECTLY WITH PAIM,, OR DOES YOUR BROKERAGE DO IT,,,,,
I JUST GOT THRU TALKING TO AMERITRADE AFTER ONCE AGAIN TRYING TO SELL MY 6 MIILION SHARES AND TRANSACTION STILL WON'T GO THRU..THEY TELL ME IT LOOKS LIKE PAIM IS THE ONLY ONE ABLE TO BUY OR SHOULD I SAY BUY BACK THE STOCK,, WHAT I HAVE IS FROZEN FOR NOW,,, WHAT KINDA A CRAP IS THAT,,, A BUY TRANSACTION WILL NOT GO THRU EITHER'''
STRANGE,,, I CAN'T PUT A SELL ORDER OR A BUY ORDER ON PAIM,, BUT A ORDER FOR ANOTHER PENNY STOCK WENT TRHU'''' MY 6 MILLION SHARES ARE STILL MIN MY ACCOUNT FAR... NO NOTICE OF CONVERSION YET
I STILL HAVE MY 6 MILLION SHARES,, I JUST CAN'T DO ANYTHING WITH EM,,,,,, I SEE NO CONVERSION NOTICE,,, I USE AMERITRADE,, I'M GONNA HAVE TO CALL EM AGAIN,,,, GLTA
you may be right,,, i accidently cancelled my sell order of 6 million early this morning,, and i tried to enter a new sell at that time,,,it would not take,,,so i tried again once the market opened and it took,,, since then my order was cancelled again ,not by me this time,,, i did not place a sell order in again,,,,plus i can not put a sell order in again now either....this is getting weirder by the minute
WOOPPPS,,,, I MEANT 3 MIILION
THIS THING IS PUSHING 3 BILLION SHARES TODAY,,,WASS UP WITH CARL????