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"You can't make this stuff up. Go Paim!"
The paim pumpers don't make their "stuff" up, they just re-pump it, "as is", and as "reported", in paim PR's, like paim's brand new, unaudited, financials. (outsided recently blew them, and their RR coal-stoker pumper guy away, again, as usual.)
Occasionally, paim pretends to be audited, whatever that means to them, since their auditilter has never even filed a U.S. Tax Return. Even H&R Block Temporary Employees are more familiar with basic accounting, after taking their required 1-day "course", before they are even allowed answer a phone, or touch a computer.
Now, there's a reliable source of "the whole truth".
All of the below is IMO, as is everything that is ever posted by anyone, on any blog, anytime, anywhere. I only do the IMO dance, to short-circuit the paim pumpers, who pretend that I will be sued by the World Court, and the U.N., and alGore, etc.
Jeff Bozow, the ex-and-still-unpaid IR guy, who is an expert in frequent BK, and who said that he called the FBI about a "stalker" , who he personally threatened yesterday, in the public paim pumper Fantasyland, where facts = bashing, and only re-posted 'paim Company' PR's, and e-mails, and telacons, are counted as "good DD".
And, as the fully-informative, but unpaid [and always unpaying] IR guy, so as to not be biased, 'forgot' to mention that every one and thing, remotely connected to paim, was being sued, including him, personally, While He Was The Unpaid And Fully Informative IR Guy For Paim. And, this is a good time to chase the Bozow's, because they both filed BK within the last 10 years, and all Judgments will hold up, forever, even through any future BKs.
Now, for the good part. "DISMISSED" means "Withdrawn", and "the case" could be refiled, anywhere, anytime, with even more names added, (and many of us know several), with easily freezable U.S. assets, that could be thrown into the "pool", so that actual cash could be collected, from those who are not perpetually BK. (It is never wise to try to sue Pino. He never loses, and the scam "Company" always pays him, to get out of court ASAP, before the Judge "decides", to end all "Company" trading and scamming, just like bcit, and many other similar pinky shells.)
The U.S. Courts should know "the whole truth", before they assess the maximum penalties, and even most police and firefighters would agree, (except only 1). Especially paim's self-admitted facts about paim "donating" shareholders' losses (95% per year, for 5 years) to mosque-"school"-building.
uh gailbae,
Anyone who 'cuts and pastes' , posts nothing.
But, that is preferable to 'COPY and pasty' of paim telecons.
Also, if paim were "real" ,
"they wouldnt struggle so hard to come up"
with steal-backs, to feed their excessive dilution, for many years.
"right? they would just spew it all over the place and make it up."
Depending on whatever that means to you, we may agree.
Also, who cares if a tribe is real, or where they camp out. Unless they are constantly scamming U.S. investors.
Then, the SEC may be interested in raiding their Wyoming outpost.
"DD" is NOT repeating, and cross-posting anti-"info" that is leaked out, through insiders and pumpers, that is designed to get new cash for a "company" that loses more cash every month, and must dilute to barely float.
The meaningless paim pumper "info" must be independently verified, through several independent, and reliable sources, that do not obviously profit from the "info".
And the mods of paim@ihub should start requiring such independent verification info from posters who just keep saying that they "believe" in only what paim secretly e-mails and telecons, to the few who "believe" and re-post, or heard it from the grapevine, or leaked it down the grapevine.
Especially from an over-pumper who admits to knowing nothing, and refuses to learn how to independently check anything.
The value of paim@ihub is diminished by those repetitive "I Will Believe In Paim Forever" posts, and the repetitive refutations. It is not funny anymore. It is just a waste of serious investors' time. And it is part of paim's "plan" to use "unpaid" shills, like the Bozows, to dump shares.
extra , and many regulars
hash; Check the maps. All of paim's "claims" are in the Southern Philippine Islands (except the Manila "Office").
Which are NOT controlled by the Manila "Government". I would not wonder around in an undeveloped rain forest controlled by the "Government", and especially not in one controlled by muslims, who are open, and armed enemies of the "Government".
And more especially, if paim "officers", and "teams", and "security", "local employees" knew that I was sure that they were running a scam.
Even gail would not ever go.
And, I would not even fly over the Southern Philippines, on a non-stop flight from Hawaii to Thailand, unless I was in the Space Shuttle, above missile range.
"keep the CD's and Preferred for the Longer Term."
which may come sooner than November, 2007. Which is shorter than short term.
P.S., to DonLo:
"the price HAS [not, "would have"] collapsed, due to not enough bid support to hold so many shares dumped."
Also, Not MM's, but "PAIM SHARE PRINTERS are holding the price down, while AWAKENED people convert and sell their shares from PAIMP and CD's." , before it is too late.
And, the PROL paper was always worthless.
Also, "The 0.0040 to 0.0060 range should be tested sooner or later, as per the charts," soon after the 1/100 Reverse Split, before Christmas.
GL to all flippers, and those who know how to short.
poppy; "Hard time"s are often self-generated.
Why post about paim, if you can't make money shorting it.
paim is a give-away, almost guaranteed to lose 90+% per year. outsided appears to be shorting 10-30 sub-penny pinkies, based on his posts on over 50 pinky boards. They all lose 90+% per year, with frequent reverse-splits, and name-change "mergers". So, he could easily be profiting 90+% per year, as a "major investor in paim ... as a short", and many other sub-penny pinky shells, and obvious scams, with multi-year track records, and loads of faithfully pumping cultists.
I will find out how to do it. If it is legal for anyone, it can be done. And hedge funds do it constantly, and accidental retail paim pumpers just did it recently.
paim is not worth bashing (or anything), if I can't make money by flipping or shorting it. And, for the next several months, paim will probably just dilute slowly, back down to 0.0005 and lower. So, there's no profit in it until it's next reverse-split, or whatever they call it. Even a Pump And Dump is doubtful. Even longs don't believe any paim PR's, so they could not even start a mini-pump. In fact, paim PR's usually cause paim to drop faster. That's probably why the longs are in no rush to see a PR about the late, and poor, and meaningless Unauditted Financials, which will have to show paim's biggest losses ever, no matter how many "revenues" paim re-discovers.
poppy; outsided probably is a major investor.
Probably more major than your banker/brokers, who should take more Caribbean cruises, and get a few major clients. If they do, they could probably deduct the cruise costs.
hash; The point is, it is very easy to short paim,
including in the U.S., and even accidentally, even without talking directly, on the phone, to a cheap, on-line, discount broker.
I have not too much doubt that outsided easily shorts many pinks, especially paim, and I will find out how, even if I am forced to take a deductible business trip, on a Caribbean cruise ship, or 2, or more, for several weeks, in ~4 weeks.
And, when I find out, I'll tell you and poppy, that I found out. Period.
poppycon; Obviously paim can easily be shorted.
The last official report, as of August 10, showed over 100,000,000 short.
And, that's not "Not some Mickey Mouse story about foreign countries , of shore accounts or some story about US brokers and out of country connections".
However, it is probably not possible for the usual pinky trader, with tiny assets, using a cheap-commission on-line broker. outsided does not seem to fall into that classhort class.
outsided claims to have a real broker, that he calls on an actual telephone, and often visits, and has known personally, for many years. And, he claims that his accounts with that broker are always 100x his short position, although only 10x is required, for him. And, he usually only day-trades.
If you don't believe him, just ask him yourself. Or, save up for a cruise. And try doing some direct DD, to back up your unfounded doubts.
As you said, "... it’s really easy for people to talk nonsense on these stock boards - but not so easy to back up the BS they spout..."
"Duh! Most major brokers have global connections or branches",
and, most successful Brokers actually talk on the phone, to their successful clients, who know that cheap internet trading rules are much more restrictive than personal broker rules.
Hash; It is not difficult to take a Caribbean cruise.
Just a passport, $1,000 chargeable on a credit card, and 7 days off work.
Unfortunately, paim longs may have trouble with at least 2 of those 3 minimum requirements. But, paim longs are too faithful to short paim, or any PR-pumping-pink, so, they are unaffected by the cruise requirements, while they are seriously affected, as proven by their incredible belief in paim PR's.
Also, outsided has posted that the Caribbean brokers do not have to demand "heavy collateral requirements" , and don't, and often just want 10x of the short position for collateral, in any other account. Then, as the pinky plunges, and the short position moves in-the-money, the collateral is released.
Also, outsided has posted that shorting is even possible with U.S. brokers (possibly through their offshore affiliates), if the short is covered before market-close, on the same day that the short is initiated. Because the broker does not have to "borrow" any shares, because there is no overnight short position.
I'm ~half way through reading outsided's ~3000 posts. Many are very funny, and always truthful, and instructive. Several bashers think that he used to post (previously) as slleeppy,
and zzyzy, or z-man. (Not sure about the spellings.) Those previous guys were even funnier, and even more insightful. They may have been banned for being too honest in pointing out the lack of critical 'thinking' of pinky-pumpers.
outsided said that he read all of their posts, and has learned from them. Especially wrt how to post facts, and insult pumpers, without getting banned, or posts deleted.
I'm booking my first Caribbean cruise for the weeks after New Years, when their prices are lowest. It may take 2 separate ships to be sure to touch base at Grand Cayman, Bermuda, Bahamas, and The Virgin Islands (all British ruled, and rules).
outsided is never exactly specific, but if you backtrack his posts, on many sub-penny scams, he calls many very profitable shorts, shortly before they happen, sometimes explaining a strategy that involves waiting for a 20% confirmation, and covering 20% early, to save time, and reduce risk.
He has many posts, on {actually, against} many obvious scam stocks. Occasionally he posts that he has shorted, and why, and when he will cover. And, his target cover price usually hits within a few weeks, as he predicted.
He seems to usually short paim, except for recently buying long, 1 week after the latest paim steal-back {because of a gail rumor, about last year's paim steal-back delay}. Then, he sold off, on the way up, and down. And, claims to have tripled his money in about 2 weeks.
Personally, I doubt it. But, I'm much more interested in how he claims to short penny scam stocks.
I'm still reading his almost 3000 posts. A very few of them mention Caribbean cruises, where he claims to have met other investors, who introduced him to off-shore brokers, who allow him to short anything, just like hedge funds, with no outrageous collateral.
The funniest part is that the paim pumpers, here, and everywhere, think that he posts under many different names.
And, they bash him, as he makes money, by not being long,
in their favorite stocks, while they are, and as he posts exactly what he is shorting, and covering, and when.
I always read his posts for basic factual information.
And, they are always funnier than anything else on paim@anywhere.
Janice; One of the major problems with public schools is that they mis-interpret 'no child left behind', and waste the time of all serious students, on the few who refuse to learn anything, and are constantly disruptive, because they just crave personal dramatic attention.
Janice, Please mod-out these grossest of paim@ihub time-wasters, and let them concentrate on their remedial studies, with their best and newest and like-mindud friends, at RB [= Remedial Believers = Re'Be's].
Although, in the rare instances when the Remedial Believers [= Re'Be's] are not totally off-topic, it is humorous, and instructive, when you tear their every comment to shreds, like this recent post of yours, to which I am responding.
But, please Janice, start mod-dumping the totally OT paim pumpers, who are factless, and anti-fact, and artifacts of paim's deceptive [or worse] 'Company PR' propaganda.
Most ihub fans know where to go for repetitious paim comedy, if they want to take a joke-break, but it is annoying for the serious, who know the difference between fact and fiction, to keep being interrupted by those Re'Be's who openly admit that they are only here to disrupt, and interrupt, with proven non-facts, and totally OT family tragedy stories, and even worse drama, and "Ha-Ha" posts, and "Good-post" posts, and other time-wasting, and annoying, time-wasting, infectious drivel.
Very Seriously, extra.
paim@ihub should try a little harder to remove totally off-topic, and useless non-responses. Which are most often supplied by the few, and deliberately self-uninformed, paim pumpers, who not only ignore the most important facts, they actually try to argue that the proven facts are wrong. And, those paim-pumpers have a cult-like faith, in only paim PR's, and their other pumper parrot friends and clones. And, they just keep giving excuses for paim not filing anything, or finding any gold, on time. After 5 years of losing 90% per year, an 'investment' of $1,000,000 in paim is 'worth' $10 , and going down to $1 soon.
This is a proven fact, and one of the few fact posters on RB, recently proved that each 1 of the 5,000 average paim outside shareholders, only has about 20,000 paim shares, worth about $40. I bet that they did not buy them for $30 per trade, plus $10 more in commissions. And, if they sell them all, for $40 , they will get a check for $30 , after commissions.
paim@ihub is usually factual, and on-topic. It would be a shame for it to be degraded to the uselessness of paim@rb and paim@sw. A good example was yesterday; both of those paim-pump-only trash bins had over 100 posts, that were 99% useless, except for laughs, and wonderment, about, 'How do those guys make up so many mega-excuses for paim' and 'How can those mega-buck-losing-longs keep buying that fluff'?
Shorting is easy, and much less restricted, in the Caribbean. That's one of many reasons why most hedge funds are either based there, or own companies/subsidiaries that are based there. For individuals, the biggest inconvenience is that each client must personally visit the Caribbean Home Office of his offshore Broker, to physically sign for his yearly tax-loss statement. And, business trips are hardly ever a vacation on the beach, in the sun, with or without rum.
paim's best piece of mining "equipment" is their home-made elevator, assuming that it works in both directions.
Otherwise, it is just a 1-way declinator.
I've never seen one actually used, commercially, except as a court-ordered lie-detector, in early Massachusetts, in Salem.
paim's is hand operated, by 2 skilled declinator operators, sitting on port-a-potties. All structural parts are made of scavenged local wood, from trees that recently fell, during last year's 6-month typhoon "season". The declinator-only "cable" is made of 1 single strand of freshly frayed, used rope, that was found in the Armory of the paim Security Dept.
The frayed rope is always planned to be replaced regularly, according to strict paim schedules, within 1 Quarter after it breaks, because the accountants must save up for the unforecasted maintenance expenses.
Hopefully, paim's newest lawyer has filed for a 3rd-world-wide patent on this unique paim invention. It is worth more than all the gold in China, even after paim's wheat-bound-gold shipment arrives.
There is actually a photo of the 2 skilled declinator operators, sitting on their OSHA-required porta-potties,
included in the photo-bunkit, provided by the Bozows,
from their recent tour/audit of paim's best-salted gold holes.
Actually, each of the Bozows Photos has its own interesting story. Hopefully, the newest IR musical-chair-holder will hang on long enough to have time to add the inside stories about each photo, before she re-tests the declinator,
which had its frayed rope replaced, right after the Bozows
were supposed to have escaped back to the U.S.
No one bought at 0.0001 . You could only sell at 0.0001 ,
for a short time, while you had to buy at 0.0002 or 0.0003 .
mikesharen, Aren't almost all paim traders 'outsiders'?
Except the owner, and maybe a few of her relatives and best friends.
mike, What do you mean by this reference to 'Outsiders'?
"Even Outsider looks like he is going to start buying again."
Outsiders always buy, constantly, to soak up the shares that paim dumps, constantly.
How does anyone know any of these 'fact's ?
1. "i know for a fact that penny made many thousands trading paim lately.. "
{Only all of her Brokers know that, for a FACT.}
2. "i should have sold some when he did, but thats neither here nor there."
{It is definitely "there" , as always.}
3. "i have known him for a while now.. "
{We all really "know" her.}
4. "he had over 200mil shares of paim before the buy back.. he was one, of just a few that sold, when i posted what i thought was paims warnings.. he was much smarter and waited til AFTER the b back and bought more.. only selling his cleared shares. "
{Odds are that she "was much smarter" , fwiw, relatively.}
5. "i tried to learn from him.. but didnt stay in touch enough to know what to do.. "
{Believable, and lucky.}
6. "but you can learn a lot from him."
{She's useful for flipping.}
7. "you are truly talking to the master.. "
{Beaming back up, but sometimes monitoring, and beaming back down, when useful.}
Is traffic the reason why ihub allows these roadblocks ?
Janice: Can anything be done to prevent any posts by a poster who is always way off topic, and repetitive, BEFORE their posts hit the board, and cause a mudslide of off-topic responses?
Except for the drama, this site has, by far, the most useful and factual information about paim.
The other, totally non-factual site, is useless for any paim investor, because it allows such "Days Of Our Lives" episodes, every day, including during trading time.
Please do something to prevent the little-bird-flu at RB from migrating to iHub, several times every day, and disrupting the meaningful information exchange, that only progresses here, when the anti-"informed" and always-off-topic distractions are engaged at other paim-lovers-only, faithful-believer-friends sites.
Please immunize iHub from this daily relapse. Hopefully yours.
Janice: This topic would be much more interesting if previously and fully answered topics were avoided by deleting the posts (usually from the same poster) that raise the same non-issue, several times every day. In particular:
1. "I feel that paim is honest and will grow."
{With no supporting facts or data.}
2. "Market Makers always make the price of paim go down."
{Which is obviously, and completely false.}
3. "My secret friends told me something, and they know secrets, that must be correct, and they never lie."
4. "I'm having personal problems, again, as usual."
5. "Since too few people believe in paim, I just have to keep saying that I believe in paim."
6. etc. , constantly, every day.
Janice, aren't all of the "topics" , completely Off-Topic, by now?
Also, keya said that he quit as "Mod" , a few days ago. Why is he still listed, and, why was he listed? Are there any requirements for being selected as a mod?
"Charting" is based on Real Proven Mathematics and the Proven Theory of "Supply and Demand" , and INCLUDES OBVIOUS AND BASIC UNDERLYING ASSUMPTIONS, such as, crooks don't constantly trash all "BASIC Rules of Supply and Demand Theory" by their following non-random actions.
1. Massive dilution (100% - 300+% per year), via DELIBERATELY PRINTING AND DUMPING AN UNLIMITED NUMBER OF BRAND NEW SHARES, every year, whenever is most profitable for the printer.
2. Stealing 90 - 95+% of all outsiders' shares on any unannounced future day, at least once per year, whenever is most profitable for the stealer.
3. Giving 1+ Billion new shares to a relative investor, who sells them all short, but only pays for 6% of them.
4. "Hiring" a relative TA, who is not allowed to answer the simple question "What is the trading float today?, and How many new Preferred and CD shares can be "converted" tomorrow?"
5. "Reporting hidden 'revenues' in PRs" , that don't appear as inventory, or anything, on any "Financial Statement" , audited, or unaudited, that is "signed" by a non-U.S. relative "accountant" , with a history of "helping" clients.
In the next week, ~5000 Paim outsiders will get their monthly statements from their Brokers. Most don't ever bother to read pink PRs or blogs. But, they usually investigate and complain, when 1 of their stocks loses 90+% in 1 month, and 95% of their shares are stolen, and their Broker won't allow any more trading in that non-normal-stock.
And, if I were their Broker, and wanted to retain them as a profitable client, who trades frequently, I would help them file complaints, to the most competent and effective and responsive U.S. Regulators, and financial publishers and politicians who might care, but at least know that they could benefit.
imo, Paim will be permanently not-tradable within 1 year, and probably "suspended" within 1-3 months. And, everyone holding any commons or Preferreds or CDs or prols or whatever elses, will have unsaleable "units" , and their "dividend checks" will be "worth" less than zero, because most U.S. banks charge a $20+ Fee for each bounced check, and more if it is printed by a relatively foreign "bank" , from any non-first-world country.
What does "luck" have to do with paim constantly diluting?
The proof and evidence of the futility of paim shares, is that they recently made 5-year-all-time-lows, and next year, they will make 6-year-all-time-lows, if paim possibly lasts that long.
This is not a surprise, because every year, paim achieves another new-all-time-low. And, it always will, because it loses more cash every month, and keeps "donating" to its personal "charities", which are fully-funded by those who buy and hold paim's shares, of which 90-95-95+% disappear every year, every July.
There is no chance that paim will ever make a PROFIT, in spite of any "revenues" , after deducting all expenses and salaries and "donations" and predictable bad weather and maintenance and re-building and "security expenses" and unreported "inventory" and any other stuff.
paim's "$4000-worth" of 50+year-old-abandoned-mine-shafts were worth more as defensive hide-outs, when they were dug-out, during WW-II. Until 5 years ago, when paim started selling "shares" .
Does anydon believe that any flipper can predict the future of paim? Any better than the 77% owner, and constant diluter, and PR author, and only voter for paim's annual "buy-back" ,
for less than 5% of the "market value" ?
( By The Way, ANY ENFORCABLE BUY-BACK MUST BE
AT-OR-ABOVE THE RECENT, AND MULTI-MONTH,
HIGHEST RECENT PRICE. )
( Last year's "buy-back" snuck through, because paim just 'traded' for 5-YEAR ZERO INTEREST CD'S. But, this year, paim just took 95% of all 'shares' , at 5% of their 'trading price' . And, it will "work" again, if no longs object, just like last year. )
If paim "runs" this year, it will probably run from the US investigators, and the US sweep may/should include all of paim's assistants, especially those who have any US local assets, because those are the easiest to collect, especially from those who have claimed, publicly, to have "profited" , from this 5-year-paim-game, and intend to continue.
Didn't some other guy make much more in paim, in much less time ? He posted actual facts, very recently.
Please, any mod,
why do you leave this stuff.
" so like, why would they only pick on ameritraders.. that doesnt make sense to me.. "
This poster should read a book, or anything.
Why do these beginners keep complanining, for weeks?
Just go to any other broker, and open a new account?
It only takes a few minutes.
Why do the mods keep allowing the same gripes, and gripers?
Last year, Paim did not have Trillions of Preferred Shares ready to convert, or 77% Inside shareholders, or a history of "Not Reporting Inventory", like "hidden gold", or a history of "Taking" 95% of All Shares, for a "price" that paim arbitrarily (and possibly, illegally) "set" at less than 5% of the free-trading public market value of the shares, at that time, and Promising to NOT PAY for any of them, for at least 3 MONTHS, if ever.
No new "investors" will buy any of this shareholder-unfriendly Paim stock. A few old guys may buy some, thinking that there may be "a bounce like last year", and they will be bounced out of 95% of their new "investment" within 1 year.
Also, a few other Facts and Opinions.
Paim is at its all-time-low.
All long shareholders are losing money.
Everyone who is short is making money.
Insiders are ready to convert and dump Trillions of Preferred shares, and, as Insiders, they will be the first and only and huge sellers, after trading resumes, if it ever resumes.
And, here is the worst part. Since, (according to Paim's PRs, assuming that they are always Truthful, and Never Modified, and contain All Important Details), CDs and Preferred Shares are UNAFFECTED by this "buy-low-back". But, the open-market will treat it like a 1/20 reverse split, WHICH IT IS. EXCEPT, in a real reverse split, anything "convertible" IS AFFECTED.
Therefore, if Paim gets away with this "Not-Quite-Reverse-Split", there are now 20 times as many, immediately convertible, CDs and Preferred Shares. And Insiders own 77% of them, and Insiders can get theirs converted fastest, and sold first, if they "take an old friend to lunch". While all other non-Insider shareholders "experience unexpected delays", for a never-ending and overlapping series of minor "problems that will be resolved soon".
Anyone whose Broker refused to sell them more shares, should thank their Broker, and take him to the finest dinner, with expensive wine, and pay for the cruise.
Why play games with a stock that goes down 90% or more per year, for several years. And, if anyone thinks that they can play faster and better than paim, paim just changes their rules, or says that they will, and suspends all trading, or says that they can, and sets the new price, or says that they can, and the SEC, or NasDaq, could care less. And, there is no entity that could be sued PROFITABLY, by any American, but there are many lawyers who will take the case, if the clients pay 100% of all possible fees, in advance, in cash, with no guarantees.
But, at the end of the last reverse split, 1 year ago, when there were only 3 Billion shares left, I bought 10% of them, at an average price of 0.0004 , for $120,000 , and sold them all, near the top, for an average price of 0.0040 , and made a profit of $1,080,000 , for a cool $800,000 net profit, after all commissions and taxes, because two of us know how to play paim's games, but we both don't have time to explain any details, or provide any proof.
No guarantees, but a 90% probability, that any money dumped into paim, or any pink, will be 90% lost, in 90% of any year.
It takes 10 minutes to open a new account at any broker, and trade anything, immediately. Just give them cash, that you get from the closest ATM machine, which is probably in the same building as the new broker's office. Anyone could easily get it all done, today, before the markets close, and buy whatever they must.
It is never too late to NOT buy paim. And, it is always too late to sell any of their annoying "gifts", that always involve confusion, and late and messed-up "delivery", and broker fees, and trading restrictions by most brokers.
As of now, no one has even gotten a check for last month's 0.00001 "dividend", and no one can even "trade" paimp or prol, and there is no chance that the "95% BuyBack @ 0.00002" will be "paid" before August 15, according to paim's own PR.
All real financial markets require that any "buyer" of any shares MUST PAY, IN CLEARED CASH, WITHIN 3 DAYS. paim intends to "delay cleared cash payment" at least 30 days, which most probably won't fly. IMO, the "BuyBack" will NOT HAPPEN, and paim will have to start all over, and "announce" a standard reverse split, which will take weeks to implement.
Meanwhile, paim can only keep trying to dilute at 0.0001 ,
for the last two weeks, and the next three weeks, or longer.
Everyone is lucky that TD-Ameritrade won't let its clients foolishly buy more paim-common, right before they "BuyBack" 95% of all common shares, at 5% of what they were "worth" when paim published their "PR to benefit all shareholders",
2 weeks ago.
Any smart broker would do the same. Because, brokers don't make a profit by "dealing" with penny-traders, who complain, and personally call, and email frequently, and waste time of paid employees, instead of dealing only through lowest-cost, computer-only, services, which is the only way for brokers to keep their costs low.
And, if anything goes wrong, which is probable with paim's probably illegal "BuyBack", only the broker who facilitates the "trade" will lose money, because paim cannot be sued, cost-effectively.
I really believe that 65-year-old, straight-down, and now-water-spouting, hole in the ground, was just a WWII Japanese defense position. If it had any useful gold on any wall, the locals would get it themselves, for the last 65 years, and not let pearl waltz in and steal it from them.
"the pr about the gold refining box" was about 6 months ago, and an invester commented that it looked like a Home Depot trash compacter. And, I can't find the PR either, but at least Home Depot gives a 100% refund, or a full credit, on non-functional chinese knock-offs. But, paim apparently did not need it anyway, until they find some gold to refind.
Everyone who ignored PRs, and watched paim stock price sink, thanks to dilution, as fast as possible, with no profit, and no reported revenues, knew that a reverse split was required, and overdue.
The current problem is that a 1/20 reverse split is way too low, and a waste of time, at this point. At least 1/1000 might have fooled some new buyers. No company ever wastes time doing just a 1/20 reverse split, which is now just a 1/5 , since the selling price is now just 0.0001 , and may be lower, except no one bothers to post anything lower than 0.0001 , and no Broker trades shares at such a ridiculously low and meaningless price.
It is hard to believe that anyone still believes any of paim's PRs. They are only "released" to try to deflect public notice of a real problem, which paim never addresses. imo
"back in the dark just like before" is much better than being in the deceptively well-lit highway to BK, while shareholders keep buying new shares monthly, to delay the inevitable "lights off".
Obviously, the fired IR unit was 'in' on this, and may have gotten "free things", in addition to the free trip and tour, wasting who knows how many shareholder-paid paim employee hours. There are many ways to pay officers, and consultants, who deceptively say that they are unpaid.
Especially if they have personally filed for bankruptcy, three times, while collecting advice, and experience.
If paim's "plans" don't change before July 20, the price will just hover around 0.0001 per share.
The real question is whether the market will view the "95% steal-back" as a simple 1/20 reverse split, causing the share price to jump to 0.0020 on July 20 or 23, and then resume downtrending.
With the speed of the downtrend, depending on the rate of dilution, as more new shares are released.
Dilution is paim's only source of cash to cover its "expenses".
paim's motto could be "Printing Always Increases Massively".
There are plenty of naive investors with that much money. At 0.0001 each, 1 billion shares only cost $100,000. That is only $1000 from each of 100 naive investors.
The buyers think that it is just a reverse split, or some income tax advantage scheme. To me, it looks just like last year's summer clean-up campaign.
There are no longs "with large positions in this stock right now". No long has ever claimed to own even 100 million shares, and even that many shares is only worth $10,000 today, and in 2 weeks, it will be worth $500 .
How could a company figure out that the best way to scare shorts away, is to drive the price immediately to 0.0001 , where shorts love to cover.
Unless, the company is covering its own shorts.