is...2 busy vacationing full-time 2 (put something here)
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Only paim "made over 400k" in the last steal-back,
by stealing 8+ Billion old shares, that were worth about $0.0005 each, before their "PR announcement".
After that, there were "only" 450 Million TOTAL SHARES, [according to paim's own TA], including the 77% insiders, so She-Bae owned 350 Million of them.
That leaves 100 Million post-steal-back shares for the "big money" master. So, if he bought them ALL, right after the steal-back, at the LOWEST possible price [~$0.0005], and sold them ALL, at the HIGHEST price [~$0.0070], he COULD HAVE MADE a profit of $650,000 .
But nowhere near 100 Million shares even traded at or near $0.0070 . And, since he "must have" held all of the "trading" shares, as the price rose, from $0.0005 , up to $0.0070 , there could have been no trading anywhere in-between. Just a big-money "gap-up" from $0.0005 to $0.0070 .
But, we all know, that big-money trading gap did NOT happen.
So, we all "know" that there must be another big gap, somewhere.
We "know" that an "uplist" is impossible before another Reverse-Split, of at least 1-for-100, probably 1-for-1000, and when paim crashes immediately back down below 0.01 , it will have to be re-downlisted.
And, we "know" that the Third Quarter will have meaningless "revenues", because the Third Quarter ENDED in September, BEFORE the newest Powerless PR-mine even got turned on.
And, we "know" that Fourth Quarter "revenues" won't even be reported until April, 2008, because, they are "Year End", which take longer. And, much later, if paim pretends to be trying to get an Independent Auditor to sign them.
And, we "know" that "Revenues" MINUS All Costs = Profits.
Which, in paim's case, are always NEGATIVE, and growing more negative, every quarter.
So, we "know" that paim will not even have 1 "spike" , until May, at the earliest, unless it is another 90+% Down Spike, caused by another steal-back. paim will just keep sinking, just like dying Valueless Seaweed.
goil; paim just DID a 1-for-7 Million REVERSE-SPLIT,
and stole 100% of what WAS $8+ Million "worth"
of "Preferred" shares, with no warning, and
no chance to sell, except paim's "promise" to
"reward" their longest-term, faithful shearedholders.
So, now, there are ~1 Billion "shares" in the float,
"worth" ~$0.0010 each. FOR A GRAND TOTAL OF $1 MILLION.
PAIM JUST STOLE $8 MILLION, WITH A MASSIVE REVERSE SPLIT,
and you say: "if they do an r/s, then im out.. and thats it,,"
Who cares about reverse-stealing the last $1 Million,
to prove that paim is a scam.
Here's even more proof.
paim JUST REVERSE-STOLE $8 MILLION OF PREFERREDs,
AND $1.35 MILLION OF CDs, AND $4 MILLION OF COMMONS,
AND IS CHARGING $0.5 MILLION IN "CONVERSION FEES",
IN JUST THE LAST 2 MONTHS.
And, fired most of their ex-Execs, for not being
100% dishonest, last week.
And, you are waiting for paim to steal the last $1 Million.
There is no doubt that paim will get around to that
minor oversight. But, for now, they need some rest.
paim has been very successfully working overtime,
[instead of underground, but clearly underhanded],
for the last 2 months, and especially the last 2 weeks.
My only question is, since this scam is fully exposed
on the public internet, for years, is it now considered
"Public Domain" with respect to TV-Soap-Opera and/or
Movie Copyright Laws. If so, that may be the pot of gold
for the longs, who can easily prove their losses.
"If someone asks me how to get to a store" ,,,
and I know that it will blow up if anyone touches the front doorknob, I would tell them. And NOT give directions, except to say DON'T GO THAT WAY, your wallet will be blown away.
In this case, almost every1 , including only1 , and most Novices know that paying $50, to convert ALL Preferreds, is a guaranteed, immediate loss of $48+ .
We are NOT talking about "opinions", which are often wrong.
We ARE talking about PROVEN FACTS, which are NEVER WRONG.
And, that is a FACT, not a "point of view".
Even if nobody agrees with it, IN THEIR WRONG OPINION.
So, those who post and re-post deliberate lies and dangerous deceptions, should be banned, at least. And probably sued, and possibly worse.
Finally, regarding your factless opinions:
1.) "Personally, I question your motives." , and
2.) "I think you are both the same "free" poster."
Those 2 "opinions" of yours are Personal Attacks,
and that's a Fact, and deserving of deletion at least.
And banning if continued. But, that's just my opinion.
erdos; You found the key to the only DD that counts here.
If you unlock that door, and peek in that room,
you will immediately see what many already know.
The bottom-line is, regarding "The Vote", if it happens :
No = Bad
Yes = BK
Hint: Follow the money from the SWVC acquisition payment,
to the ultimate pocket. It is only 2 steps, with no votes.
And, that is why SWVC is going to $0.010 , fast,
and "The Vote" is irrelevant.
I will short it, as soon as I learn the trick,
and find the right Broker (probably off-shore/Carib).
"The process is the same." as the difference between
rolling up a $50 bill and smoking it ,
or investing it, or ingesting it,
or skipping the food processing,
and storing it, without passing Go, or anything,
since it is already rolled up.
It is not the process that is different, it's the OUTCOME,
and it the case of the Preferreds, Nothing will ever come out.
So, it's better to invest $10 in Ex-Lax, and keep the change.
He is NOT posting about the worthless Preferreds.
He IS posting about the NOT-worthless CDs, which should be converted ASAP, assuming that they are worth at least $50 , after paim steals 90% of their legal value.
The evidence is spread over at least 3 boards.
Mod on one, still, but it's dead.
Was a mod here, but, caused confusion, and pumping bias, until 'controlled', then quit (fired?) when finally 'out of control'.
ToS'ed from the other, at least once. Also, tried to be a mod there, but they don't allow Outside mods, but they do allow clueless and repetitive pumping, and bashing of everyone who is not a mindless pumper.
And, most of her posts over there are deleted, constantly and quickly, even though they are all 'faithful' pumps, that ignore all obvious facts that paim is, and always has been a scam.
And, paim has proved it, in spades, in the last 2 months, including:
1.) stole 95% of all common shares, for 5% of their "value", at the time, and still has not even paid.
2.) stole 100% of all Preferreds, and is CHARGING $50 for the "privilege", with gail's constant "help" for the confused and clueless.
3.) stole 90% of all CDs, via an early "recall", without paying at least the value at maturity, as REQUIRED BY BASIC CONTRACT LAW.
4.) fired most of its "Executives" for their lack of 100% "dishonesty", leaving only the 100% fully qualified, to carry on, faithfully.
The constant deletes indicate that the other board considers the posts to be a liability, possibly with legal consequences, to them, and certainly to the poster. The same policy should be enforced here at I-Hub, for its own protection, and the protection of the underinformed, to prevent them from being deliberately misinformed by Insiders and their pumper accomplices.
The Preferreds are worthless.
You are lucky to have NOT received any "letter of transmittal". You would have wasted $50 + postage + time.
And, helpful gail would make sure that your cash was mailed in, on time, to her favorite Aunt Bae. No one can be that clueless, unless it's deliberate.
And it is a 100%, Guaranteed, Immediate Loss. She should be banned for deliberately trying to "help" Preferred Shareholders "convert" their absolutely worthless junk shares. ALL of them, owned by ALL shareholders, COMBINED, are actually worth less than $2.00 !!!
"Granted, it is worthless to convert preferreds now."
THAT IS MY POINT. What's yours?
why is gail allowed to assist in paim's obvious scams.
ALL PREFERREDS, COMBINED, ARE WORTH LESS THAN $2 .
THERE IS ABSOLUTELY NO DOUBT ABOUT IT.
While she keeps trying to "help" novices ,
to mail in $50 to pearl, to 'convert' worthless 'Preferreds'.
She is either an 'insider' , or a willing accomplice,
to paim's obvious $50-Preferred-Scam.
She should be banned, and her posts saved,
for future legal action against her personal assets,
and, to protect I-Hub from her fraud-assistance.
She may be humorous to watch, and bat around,
but when she deliberately causes novices to
throw away $50 each, she has gone way over all lines.
Even R.B. erases most of her paim posts,
and hardly anyone else's. Perhaps they recognize
that she is an obvious legal liability to them,
in addition to herself.
gail; All 40 TRILLION "Preferreds" COMBINED, are "worth" less than $2 , TOTAL, FOR ALL 5,000+ Long-gone UNpreferred ShearedHolders, combined.
So, why are you "helping" anyone to waste their time, plus $50 , plus 2 postage stamps, to "Convert" one worthless piece of paper, into a less-than-worthless piece of paper?
Must be "Force-Of-Hobbit" . Paim longs do that every time they buy more paim "shares" . But, at least, paim "shares" usually take 1 year to lose 95% , (every year, for 5 years) so, they are a much better deal than "Converting" TOTALLY WORTHLESS UNPREFERREDS, and wasting time and money to do it.
P.S.,
According to outsided, the CD-converters will flood the paim float, causing a 4-fold increase in paim's not-very-Outstanding "shares" , within 1 month, if the TA does not stall.
That is the fastest and grossest massive dilution of any stock, ever. Even worse than Germany's devaluation of their Mark, during World War 2.
Paim should start selling wheelbarrows to their 5,000+ longs, to hold those overflowing bags of micro-penny paim "shares" . Selling real wheelbarrows is much more profitable (and useful) for paim's "share"haulers, than hiding (or high-grading) gold-colored paint.
outsided also said that he has resumed shorting paim, and expects it to crash below 0.0002 , as the 1.5 BILLION CD-rip-off "shares" are received, and immediately dumped, in the next 1-2 months. Then, the price-of-paim will be too low for paim to keep dumping their newest editions. So, they will do another reverse-split, very soon, and the shorters will make another 50+% profit. Assuming that paim keeps "trading", and does not go bankrupt, during the upcoming Class-Action Lawsuit.
When paim is over-and-done, soon, someone will probably produce a low-cost "documentary", including all of the Bozow's photos, and bouncy/unfocused videos, and paim's websunk bunk, including paim's photos, and short story PRs.
I wonder what they will use for the Title.
How about "A Long And Paimless Journey" ?
Additional suggestions for the Title are requested.
gail: "now, you are going to sit here and say you are"
calling me a liar. Based on your money-losing "feelings" .
You believe in paim, for years, so you clearly can't distinguish any liar, from any expert undetectable pickpocket, or from any blatant public mugger.
You posted, as an insult to me, personally, and I quote you :
" you lied about who you are. and still lie about it. "
The real question is : Are you still a shill for paim, and
Aunt Bae, and Jest Bozow, and Gary Gotankout, and RicketC,
and the other paim 'Executives' , who just got fired ?
Not deliberately, of course, but, for obvious reasons.
I expect a full public apology from you,
or a permanent banning of any more of your insulting posts,
or, hopefully, all of your future posts,
based on your proven meaningless intuition + feelings,
and insults, and loans, and Brokerage account balance,
and refusal to post or discuss any verifiable facts.
It is a waste of everyone else's time, whoever posts here.
Presumably, we are all trying to share facts, about paim,
or anything relevant, and make money. Although, diversions,
and jesters can be useful.
I will close with another quote from you :
" im sick of your crap. " With which most, apparently, agree.
To the mods, only, and certainly not to "gailgoil" :
Why are these distracters allowed to post only nonsense,
frequently + constantly, that they make up, or "feel",
or cross-post from others, who are also clueless pumpers,
who won't/can't read a book or article about Investing 1A- ?
Excuse me, Mods, but, on my chicken ranch,
we segregate the disruptive/headless chicks,
from the productive golden egg-layers.
gail; Pink stocks are like lumps of almost-burned-out coal...
They turn red-hot, briefly, when pumped with hot-air,
But just before they are just ashes, they are dumped,
by the inside pumpers, and the outsiders are left out,
and must clean up their mess, and dump their trash.
But, the outsider-longs are left with one last red souvenir,
which has up to 35% value, as a short-term 1040 loss,
next year, for those who earned enough fully-taxable income.
Please do some real DD, BEFORE over-unvesting, or borrowing,
or 'helping' friends + relatives to unvest any more,
in any 'recommendation' of any pinky,
that is pumped by other new-best-friend pinky unvesturs,
that show up, just-in-time, on this internet.
Pinky longs lose 90% per year, unless they are insiders,
or shorters, or flippers who know the insiders.
BTW, your latest pinky 'tip' is another scam.
My DD shows that the CEO of your newest pinky,
is way overpaying, to buy-out, for cash,
a failing private 'company' , that HE mostly owns.
And, he's getting the new cash, for his 'buy-out' ,
from new 'share'holders, by dumping brand new shares,
in your new favorite new unvestment.
I wish I knew how to short it now.
But, I will, shortly, after my short Caribbean cruise.
Apparently, outsided already did, near its recent pump high.
That's how I found it, and outsided even posted before,
and right after she shorted it.
And it's already down 50+% , in less than 2 weeks .
Pinky scams are cutting edge.
Keep learning, or keep losing.
Bill Gates never filed for BK once,
or his wife, or 3 times combined, within 10 years.
And, Billy G. was admitted to Harvard, based on earned
and fully documented previous accomplishments.
Not running away from self-inflicted, continuous debts,
and all personal responsibilities, to anyone who ever had
any faith in him, or believed his PR, or trusted him.
Sounds unlike paim, and its pumpers, and its 'unpaid' accomplices,
and its previously paid 3rd world "College"-Drop-Out
"Professionals and Executives" , who all just quit paim ,
maybe, or maybe not.
But, it could only help paim shareholders,
when paim's 'Executives' quit, and, the sooner the better,
considering paim's fully documented record of non-mining,
and money-losing, and share price dropping.
They fire 'Executives' , don't they - when they fail, for 5 years?
Personally, I think that paim is just cutting unnecessary,
and useless expenses, that have always reduced 'donations' ,
to the most important Thing, since paim is out of cash,
and out of CD + Preferred debtors to rip-off, and out of
all credibility, and out of any new pinky unvesturs, and
their last faithful + believing long-term longs, are out of new cash. There seems to be only1 remaining.
But, bowsawd, just to make this post useful,
to paim flippers + shorters, and since unpaid insiders
can't ever be fired, even if they say that they quit,
when is the next paim Reverse-Split planned + scheduled ?
pearl is 90% positive, while you are 90% in the red,
minus $50 in fees for fun.
"Only the news that's fit to pump" (like The NYT)
Let's watch, quietly, and see how many pumpers pay $50 ,,,
to revert their unpreferreds.
Besides, someone recently said that we
shouldn't even mention preferreds over here,
and only over there, where they're.
So, why would anyone, except dehancing with longs,,,
ever pay $50 to convert their UNpreferreds?
King, Please don't upset the caribou cart.
All of the longs are happier than ever,
now that paim is reconstricting , to clean up on
that caribou mess, that has delayed the side-listing,
and depressed revenues, and increased negative profits.
And, all of the evil Brokers are just about to eat it,
as soon as they find those hidden M&M's.
And, the paim/paimp/prol/paiip flippers keep profiting, and
some of us are looking forward to a shortly profitable cruise.
Has anyone noticed, that the only profitable part of paim,
is the relative TA 'cost-center' , which has no costs,
or employees, or phones, or addresses, or computers,
or anything when needed, but they never got a check from
a dehanced long-term long, that they could not cash, yesterday.
Dr.W, Does paim's power-converter include a recipe for caribou?
Also, prowl (and algore) are supposed to be in the
clean-burning, carbonless, "alternative energy" business.
Considering the 6-month-long-per-year typhoon double-season,
everywhere in the Philippines, prowl should be harvesting
their over-abundance of wind (and hot air) power.
Only paim longs would pay $50 in "Fees" ,,,
to get 857 "shares" of New Preferred (PAIIP),,,
which can be "converted" to 0.1714 shares of Common,
after paying another $50 in "Fees" to the amateur TA+IR,
which is 100% owned by pearl.
Then, those 0.1714 shares of paim common, can be sold
for $0.0010 each, to bring in "gross revenues" of $0.0174 .
LESS THAN 2 PENNIES, after paying $100 in "fees"
AND $10+ in Broker Commissions.
Does this Rickety guy always provide such useful information?
Why not just say? :
"Don't even waste a postage stamp, or any more time."
BECAUSE: ALL 40 TRILLION Old Preferreds, COMBINED,
if ALL owned by only1 unvestur, will "convert/revert"
to 5,714,286 New Preferred "Shares" (for a $50 "Fee" to pearl)
and ALL of those New Preferreds can be traded-in for
1,143 shares of paim Common (for another $50 "Fee" to pearl),
and then, those "free divi" common paims
can be sold @0.0010 (if you hurry),
providing ALL PREFERRED HOLDERS COMBINED,
with "total revenues" of $1.14 ,
and debited with $10+ commissions to their Broker.
What a total joke. ALL PREFERREDS, COMBINED, ARE "WORTH" $1.14
MINUS $100 "FEES TO PEARL" , AND MINUS BROKER COMMISSIONS.
And, Rickety "forgot" to mention that simple fact,
which took way less words than Her Grossly Deceptive post.
Those old + new paim IR guys are lower than
their deepest mineshaft, by many orders of magnitude.
But, that kind of "helpful" paim IR + PR mis-information,
seems to be always useful to paim longs,
and very much depreciated, and cheered, and reposted, often.
Hunted; Never happened + never will.
If that is the basis of your "investment strategy" in pinkys,
we flippers + shorters thank you, and thank you very much.
janice; We disagree, as follows. In a normal short,
1] The client "ponys up" NO new cash,
but must have collateral with the Brokerage,
and it need NOT even be cash. It could be other stocks,
or Mutual Funds, or Bonds, but it can't be worthless stuff,
like other pinkys.
2] Typically, the Broker then actually sells the shares of
the shorted stock, from ANOTHER CLIENT, who has those
same shares in a margin account (which most do), so,
the shares are in "Street Name", and the Broker is
free to sell them.
3] The Broker then keeps the cash from the sale, and
loans it out, earning interest, that he keeps. But,
the Broker does NOT credit the cash to the shorter
who ordered the (short) sale, and the Broker
does NOT debit the sold shares from "The Other Client",
whose shares were actually sold.
4] If the Broker does not have enough clients who own
enough of the shorted shares, in Street Name, he just
"borrows" them (at a small rental fee, which offsets the
interest that he will earn), from another Broker
who has more than enough, in Street Name.
5] If the Broker takes too long to "borrow" the
shorted shares, or they are not available from any other
Broker, they will be "Naked" shorts, and the Broker is at
risk, if his shorting client loses, and does not have
enough collateral, and skips town.
It sounds complicated, but it really isn't,
because Brokers have been doing it for 100+ years,
with no problems, and it represents ~5% of the $ value,
of all trades, on all major exchanges. And, it is good.
Because it adds liquidity, and speeds the correction of
share prices that are "pumped out of whack",
or were always worthless.
And, shorting is the mathematical basis of all options,
and futures, and commodities, and foreign exchange markets.
Without shorting, all financial + commodities markets
would grind to a halt, and scammers + diluters would boom.
And, if you read your history, the origin of all financial
markets, was the short-selling of agricultural futures,
in Chicago, to hedge the risks to small farmers, due to
unusual weather or other crop failures, or overproduction,
that would otherwise drive them BK, in only1 growing season.
That is the real reason why 70-year-old "Up-Tick Rule" ,
which was an anti-capitalist impediment to all "Free Markets",
was eliminated last month, in a "political trade" , that
backfired on those money-losing CEOs, and scammers,
who keep trying to blame their own company failures,
on naked grandfathers, so they can keep dumping worthless shares.
In the next year, pinky scams will be shorted to BK,
faster than ever, and to try to delay the inevitable,
and to squeeze out the very last penny, from the least
knowledgeable pinky investers, there will be a boom in
reverse-splits.
paim is the world's expert in 'creative' pinky reverse-splits.
They have done 2 in the last week, 3 in the last month,
and 4 in the last quarter. And the next one is overdue.
And the cheerleaders at RB are begging for more.
So, long paimers just gave $11,970,000 to pearly.
= 7,000,000 x $1.71
And, in 7 months, on 1 April 2008,
when the conversion rate doubles to 1-for-2,500 ,
they would have been worth double, = $24,000,000
paim claims to have had 5,000 outside long shareholders,
but, I think that the largest 10% of all outsider longs,
own 90% of all outsider shares, which is typical for pinkys.
So, those 500 'most faithful' + long believing paim pumpers,
just lost an average of $43,200 each, and are still happy,
and believing, and pumping. And, in 7 months,
it would have been $86,400 worth of the old Preferreds.
To me, this means 1 thing. The only1 paim insider
will never give anything of value to paim outsiders.
And, She already admits that She hides all of the "gold"
that She has ever pretended to mine, or find,
or process for her locol minors.
All PAIIP shares, combined together, are worth $1.71
"In the beginning..." there were 40 TRILLION Paimp shares.
Then, last week, they were reverse-split, 1-for-7,000,000 .
So, now there are 5.71 Million PAIIP shares.
But, it takes 5,000 Paiip's to get 1 Common share.
So, all paiip's combined and converted, in 1 big bunch,
gives you 1,143 'free' common shares, worth $0.0015 each,
for a total "value" of $1.71 , if only1 long owned them all.
What a joke. Except for the longs who still, and always will,
have faith in paim, and her PR's, and photos of kids mining.
Believe it or not... There is actually some pumper on RB
who thinks that each of the new paiip shares are worth $700 ,
or even $1,400 , and the other faithful paim longs all
believe him, and are happy, ever after.
roundout; When you have 100 Million shares,
in 10,000 accounts, you have 100 Million shares, PERIOD.
NOT 100 Million shares TIMES 10,000 accounts.
(Although, it makes perfect sense to pinky longs.)
Further, the 100 Million shorts was a 1-day "snapshot" ,
right after the deliberately deceiving steal-back.
Wait for the next "snapshot", and look at all of the previous.
And, where were those 1+ Billion shorts from December,
from the secret invester, who gave paim a picture of
$1 Million salted gold "check" , and paim thought it was
a real loan, and gave HER 1+ Billion shares, that SHE
immediately + supposedly sold short, even though most
pinky longs think that a pinky can't be shorted.
hasher; Please don't explain it to pinky longs,
because I don't want it to limit my soon + future career
of shorting pinkys that dilute and lose more cash every year.
My "short" Caribbean cruise should be done by next February.
It would be great if outsided could be the tour guide.
On second thought, you can freely repost any of my posts,
because pinky longs ignore them anyway, along with any other
facts that are relevant to the failures of their companies,
and the deceptions in their PRs.
Since paim will only allow 1.2 Billion new shares
to fall out of the Forced Conversion of the CDs,
and the current limit of Common shares is 4 Billion,
Then the current Outstanding shares must be 2.8 Billion,
because 2.8 = 4.0 - 1.2
The other interesting question is:
What happens to the CD-holders who are not one of the first
on line to get the 1.2 Billion new shares?
And, outsiders will probably be last, because the TA is hiding.
The CDs could never trade, so they can't be short.
And, all CDs that are not returned,
(to the unknown address, of the phoneless TA,
who keeps changing her email address, and office cubicle)
are CANCELLED, AT ZERO VALUE, on 29 September 2007.
And, only the first 1.2 Billion "shares-worth" even count.
Nobody has to "pony up" any money to short any stock.
Only longs must pony, or borrow, on margin.
Also, shorts never have to cover,
just like longs never have to sell.
If the stock rises in value, usually 50% or more,
from the price where the shorter shorted,
the shorter will get a "margin call" ,
and only then, must he "pony up" , or cover part
or all of his short position, OR add collateral,
if it is not already available is his accounts.
The margin call is cancelled if the stock falls
back down within 3 days, and the ponies go back home.
(Note: Since paim very rarely rises in price,
by 50% or more, for more than 3 days, investors
who short paim very rarely get a margin call.)
And, when the company goes BK,
the shorts get paid off, 100%, without covering,
and the longs get 0%, and can't sell,
and the Brokers + MM's get zero.
Also, no investors ever "Naked" short. They just short,
with their "covers on", and available, as collateral.
But, if the BROKER, in his secret back office, does not
already have ("in street name"), or borrow the shares,
to balance the short, within 3 days (?), only then
is it considered to be a "Naked" short.
The client, who sold short, has no way of knowing if
his transaction is running around naked for more
than 3 days, and totally does not care, or get embareassed,
or cold feet, or any other appendage.
Pinky investers grossly mis-understand the recent changes
in the SEC Rules, with respect to shorting. None of the
rules changes will help paim, or any pinky, because they
deliberately don't comply with SEC rules. And, if they
"demand strict enforcement", the SEC will suspend their
trading, for non-compliance. Otherwise, the SEC will continue
to ignore most pinkys, except the complainers.
But, there is 1 Big Rule change, that is already in effect,
that is already having a huge effect on pinkys, and all
real stocks that are severely over-priced. And, it was part
of the "package" that dealt with "Nakeds + Grandfathers".
It is "The End Of The 'Up-Tick' Rule For Shorters",
which will result in diluting, profitless, pinky shells
being shorted to BK, faster than ever, legally.
Forever profitless pinkys can't get a real loan, just like
homeless bums who have never earned a penny. So, to get
new cash, pinkys dilute, and bums beg or steal, just like
pinkys. The better their story, and supporting appearance,
the more "successful" they are (pinkys, and bums). But, the
end of the "Up-Tick" rule for pinkys will have the same
effect as slicing the bottom out of the homeless beggar's cup.
I love the irony, of the political "deal". The money-losing
companies that blame their business failures on short naked
grandfathers, got their meaningless rule changes, BUT, only
by agreeing to the end of the "Up-Tick" rule, which has been
the most annoying restriction on shorters, for the last
~70 years. In combination, the package of rules changes
will drive money-losing companies to BK, faster than ever
before, and prevent pinkys like paim from losing money and
diluting shares, faster than ever, for endless years.
Pinkys are now being forced to reverse-split, faster than ever,
and paim has done it 3 times, in just the last 3 months.
First the Commons, then the Preferreds, then the CDs.
They did the Prols also, earlier this year. And, the
Commons are almost ready to reverse-split again.
P.S., Maybe I should move up the date for my "short"
Caribbean cruise, as suggested by outsided.
spottail is spot on. By law, (not that paim cares),
when the ISSUER (= paim) of a bond or CD
decides to pay it off early,
they have to pay the full amount
that would be due at maturity,
which, in this case is 2011,
with the 'conversion rate' of 0.0010
($1000 CD = 1,000,000 common shares of paim).
CD holders who wanted to convert yesterday
would have lost 90% of the "value",
because the conversion rate would be reduced to 0.0100
($1000 CD = 100,000 common shares of paim).
I'm not sure that paim can legally make you take paim shares,
instead of the "face value" in Dollars of Cash,
but, as long as paim trades above 0.0010 ,
it's better to take the shares, and sell them ASAP,
before they crash below 0.0010 ,
due to the extra-quick dilution from a big pile
of CD forced-converters selling their new shares ASAP.
Bottom Lines:
1. Don't throw the CD's away.
2. They are now worth 10x what they were yesterday.
3. But, if they are now worth less than $50,
don't pay the TA, and they will probably just go away
on the drop-dead date listed in the PR.
4. If they are held by a Broker, or in an IRA,
THEY will probably pay the $50, and debit your account,
unless you remove them, before the PR date,
(unless it changes, another frequent paim trick).
5. But, don't remove them from an IRA,
especially if you are under-age for IRA withdrawlas (55?),
because that will wake up the IRS, forever,
and you will owe taxes and penalties,
on the 'value' of the CD, (which they will determine),
which is actually worth less than zero,
if you know that it's worth less than $50.
IMPORTANT NOTE: All or the above is just my opinion.
I am not an accountant, or a lawyer, or a financial adviser.
(But, I probably know more than most of them, because,
I am retired and rich, while they are still working,
because they need the money. So, if their advise is so good,
why aren't they retired, and on a Caribbean cruise.)
Paim really does have a great new "company" lawyer.
And, it is all ~legal, as long as paim stays pink,
and never "uplists",
and sidelisting is just a waste of company cash.
And, nobody will ever sue paim, because they can't pay.
And, no regulators care if pinkys steal,
and pinky investors lose constantly.
They just warn against all pinks, and ignore them.
The reason why paim went up (temporarily) today is ...
that the 30 Trillion Preferreds (or 40 Tril, that I have read somewhere, a while ago), was divided by, the lucky number factor of 7 Million.
So, now, there are only ~4 Million Preferreds,
which can be immediately converted to ~800 Common Shares,
(4 Million / 5000 , until April 1, 2008).
Yesterday, they could have been immediately converted to
~800 x 7,000,000 = 5.6 Billion shares.
Assuming that there are currently 1 Billion common shares floating around, the common stock should have gone up at least 5x.
Since it only went up 0.5x , it is obvious that those newly-stolen 5.6 shares, that could have appeared for Preferred conversions, will still appear, and already are floating in.
rolout; welfare families get $100 per day + food stamps,
and own a small trailer, and 2 old cars,
and a B+W TV, and a cell phone, and a computer,
and a blog site membership, and 1 Million paims.
And it's all disposable, because they did not work for it,
it was just disposed on them for free.
When they are told to get a job, the say Hahaha
(that's the best way to identify welfare queens)
"And I make $55k/60k a year and HAVE disposable income,"
Sounds like pride and contentment.
But, 55k is below UMW union scale pay for 50% of their 'members'. After taxes, that leaves about $100 per day, for everything else that's not disposable.
And, 50% of college grads with a real degree make more than that on their first job.
So, what's up with the "Hahaha....RTB"
gai1; "Bae has not replied back since"
she skipped out on the U.S. Court Judgment against her,
and the rest of her not-now-secret names,
and self-invented "titles" .
rollon said "the economy's just great"
and most of us agree.
Except the few paim longs, who never flip or short.
They must be losing, because paim is still at it's all time low, as usual.
But, they just keep buying + holding + donating, for 8 years, so far, and are more than willing to continue, forever, "based" on absolutely no verifiable facts,
except cultist koolaid 'faith and belief'.
As long as paim posts pictures, and home movies, and invites only non-minors, to visit their salted site.
rollon said "These crooks cover for each other"
probably covering for the DoM family, and their cult.
really775; Please provide proof for your Only 1 claim.