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eaiea! The conversion rate should be 1000:1. A/T must have ripped you off
You should be having 27,000. Not 27. If they are trying to deliver the 90% by ripping people off, then, they should be held accountable. Do not let them get away with it because this might be a tactic for them by avoiding to buy at the at market. What a better way to do it aha. Take away thousands of shares from innocent investors to cover their misatke. I thinkd it's about time we got SEC involved. What do you think fellas?
EVERYBODY CHECK YOUR ACCOUNTS!!! TDAmeritrade reduced my bond numbers from 27 million to 27 without any zeros afterwards.
I India is one of the emerging markets with smart(educated) investors and with tight securities regulations. Every successful company in the US has some connections in India eg, Microsoft, intel, HP, basically almost all the tech companies.
India is the place to have this stock trading in. IMO. Hopefully I get to keep my 25million shares when this deal comes through.
stag0omm. True. Also, don't forget that being in a place where there is a history of volcanic activities (science reveals how gold is formed from volcanic process), then the potential is even higher.
True, They also tried to do the same thing at PAIV a couple of times, but they lost the battle to smarter investors who did not panic.
ANY ONE WHO DOUBTS PAIM should look at TRE. TRE operates gold mines in Tanzania, Africa and a lot of people doubted its existance and ability. All you bashers need to do is click on a 5 year chart for TRE. From pennies to $8 now. One morning of selling would never scare me from PAIM. I will be sure to laugh my way to the bank in a few year time.
YOU MIGHT BE QUITE RIGHT
When market learns short much larger that 9.5 million
this will skyrocket.
Much selling occurred because of the SHO short report issued
yesterday.
This report did not reflect the 27 Bil buyback, which is still ongoing. Buying.net showed a short volume of 700 million for May 2006.
PAIM is still very much in play and today is a real buying opportunity for what is probably around the corner.
Hey foreontee! Did you say that 90% of the shares were taken from your account? How many shares did you have initially? Well, I am glad you said this because it confirms to me that the 90% buyback is genuine and true. So, the brokers are now trying to deliver these shares back to the the company. But, if the rest of the 90% that they are trying to deliver are already circulating in the market, then, the broker will have to purchase them from the market. I am holding millions of shares and will not sell a single share because if the entire 90% is delivered, then there will be about 2.7billion outstanding. With the millions of shares I just bought from the market a few weeks ago, I just might have to wait and buy some more, which might make me a high percentage stakeholder in the company. I have always wanted to have my voice heard on an annual meeting. could this be the opportunity. I might just as well take a trip to the phillipines for assurance of operations taking place, and may be get to meet the CEO. I have nothing to loose. I made some money in PAIV which I did not expect to make sooner, and that's what I put in PAIM. I still have my capital intact and I can afford to wait even after all these fiascos have passed away. Good things happen for those who wait.
Yap. This is encouraging news
http://www.investorshub.com/boards/read_msg.asp?message_id=12241319
As I understand, stocks are suppossed to be delivered, not debentures. Could these stocks be the ones on the market right now?
I see .01 in pinksheet too. How high can we go.
YOU ALL HAVE IT WRONG. The issue with PAIM is not about short interest. The issue is about 27 Billion Shares that were bought back by the company but were not delivered. Here's the link
http://bigcharts.marketwatch.com/news/articles.asp?guid={E9D0D692-7847-4D40-B0FB-C937D93DE0BE}&n...
volume 2,825,616,086
What's moving INSN? anyone?
Tomorrow's SHO report might shoot this thing up
NOT ME! I see a two at .01 and here is part of the news
Please note that this is a very conservative figure of just 18 tons per day capacity of the gold processing equipment to be used, with the mid average of gold reserves at 16 grams /ton, priced @ $600 per ounce.
YAP. GOOD NEWS IS HERE
http://finance.yahoo.com/q?s=PAIM.PK
TASLu ask on PAIM at 0.01
http://www.pinksheets.com/quote/quote.jsp?symbol=PAIM
AHA LOOKIE. I smell $$$$$ a good day
http://www.pinksheets.com/quote/quote.jsp?symbol=PAIM
HILLu ASK @ 0.008 09:10
YEA, I AGREE, let the daytraders buy PAIM at a higher price during opening. I say 0.005 open. closing another 50%. I prefer the 50%s rather than the 100%s because we all fought as hard as we could today for this 50%. Let's hold on to our hard earned shares and make some well deserved money. The rules of engagement have changed, thanks to Regulation SHO. I like the new SEC Chairman. It's payback time. If you lost money in the market after the dot.com burst, then, this would be the time for sweet victory.
I bet you that if you sell, you will not be able to get back in but watch on the sidelines. If A/T prevented buys but accepted sells today, then, they might do it again tomorrow. I would Switch to Scottrade if you can even though they have high commission on pennies, but not missing out is the key.
Let's all be united and stick with our share like we did at PAIV. That way if the brockers wanted our share, they would have to cry out with $$$ in our pockets.
True. This shows how powerful us small investors are. eeeh. The market would not function without us. We are the true MMs. A/T will confess to that.
NO WAY! 0.01 IS NOT ENOUGH. LET'S BREAKS PAIV'S RECORD AT 0.35
WHY QUIT WHEN THIS THING IS RUNNING ON SCARCE GASOLINE. DON'T YOU WONNA RETIRE EARLY ENOUGH? I DO, AND I'M IN FULL THROTTLE
WHERE IS SHE AT NOW LEVEL2 GUY?
That's exactly what I was talking about. I guess being with PAIV for 3 weeks has gotten to me. The Broker has to deliver the 27Billion PAIM shares, which presumeable are scarce to find right now coz I own a bunch and I will not give them away untill I hit a 10bagger
I think PAIM will run longer because 27Bil shares are way too many to cover.
Sorry, not PAIM. PAIV ran for like 3 weeks
PAIV ran for like 3 weeks
Paim has been running for about weeks now
here she comes. Level2 showing 715Mil. Volume picking up. It's party time
I do not believe they can short PAIV due to the new rules (see link below). The enormous short interest has already raised a red flag at Nasdaq. Even if they found a leeway, then, I believe that they would increase their losses especially after a 1:200 forward split. There is a Naked short Alert on this stock and I do not believe any broker would dare lend out more shares to be shorted. I would bet you that AT would never do that because of the mounting risk position they could be in at the moment. If the shorts do not have funds or other securities to cover, then the broker will have to do it and take the loss.
On May 2, 2005, the Securities and Exchange Commission (SEC) implemented a pilot program (Pilot) temporarily suspending the “tick” test of SEC Rule 10a-1, the bid test of NASD Rule 3350, and the price test of any securities exchange for short sales in a list of designated securities (Pilot Securities). Please refer to Head Trader Alert #2004-108 for a description of the Pilot Securities and to Head Trader Alert #2005-036 for a description of implementation details related to the Pilot. Please also go to the SEC’s website at www.sec.gov/spotlight/shopilot.htm for more information about the Regulation SHO Pilot.
During the Pilot, there is no short sale price test for sell short orders in Pilot Securities executed in the NASDAQ and Brut execution systems. Market participants that use a proprietary or vendor order management system to execute must ensure that internalized sell short orders in Pilot Orders are executed in accordance with the Pilot.
http://www.nasdaqtrader.com/aspx/regshopilotlist.aspx
SPIN. This looks easier than college algebra. I see 1:200 forward split. 1 previous share will equal 200 shares after the split.
I see it as a forward split 1:200. i.e.
Previous Stock Value: Par Value Shares: 125,000,000 means old share
New Stock Value: Par Value Shares: 25,000,000,000 means new
Thus, 25,000,000,000/125,000,000 = 200
So, for every 1 share you will have 200 shares. The $value stays the same. The amount per share will be lowered by 200 e.g. .144/200 = 0.00072/share after the reverse split. The shorts have to cover the previous shorted shares*200 but the amount from their pockets to cover stays the same.
The reason would probably for PAIV to accumulate more cash from this equity security to finance its operations since the stock will have momentum when the naked shorts start being covered. IMO, it is better this way than borrowing money from creditors
Previous Stock Value: Par Value Shares: 125,000,000 Value: $ 0.0002 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 25,000.00 New Stock Value: Par Value Shares: 25,000,000,000 Value: $ 0.0002 Par Value Shares: 15,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 5,015,000.00
Actually it does. Here's my beakdown
10,000,000,000 * 0.46232085067036500 = 4,623,208,507 shares purchased from Jupiter merger
4,623,208,507 + 56,575,212 = 5,245,535,839 shares that PAIV should be having.
78% * 5,245,535,839 = 4,091,517,954 (Restricted)
12% * 5,245,535,839 = 629,464,300 (O/S)
10% *5,245,535,839 = 524,553,584 (Float)
Now, If everyone sold their restricted shares, then, that's over 4Bil Naked shorts. If the 12% O/S was not delivered, then, those could be additional naked shorts, what happened to the Float? IMO, over 4Billion shares have to be bought back, assuming that PAIV can only account for 57Mil Shares
The Merger Agreement provides for the Registrant’s acquisition of 100% of the outstanding common stock of Jupiter in exchange for (i) the Registrant’s issuance to Jupiter stockholders of 0.46232085067036500 shares of the Registrant’s Common Stock for each share of Jupiter common stock (the “Exchange”). The issuance of the Registrant’s shares of common stock, options and warrants to the Jupiter stockholders is intended to be exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) thereof.
On May 11, 2006, the Registrant consummated the transactions under the Merger Agreement (the “Closing”) and acquired 10,000,000,000 common shares of the outstanding capital stock of Jupiter in exchange for the Registrant’s issuance to the Jupiter stockholders of 4,623,208,507 shares of the Registrant’s common stock. The issuance of the Registrant’s shares of common stock to the Jupiter stockholders was exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) thereof.
In connection with the Merger Agreement, there will be a change of control. Prior to the Closing, the Registrant had 56,575,212 shares of Common Stock outstanding. Upon issuance of the Exchange shares following the Closing, the Registrant will have a total of 5,245,535,839 shares of common stock issued and outstanding. Upon issuance of the Exchange share, the Jupiter stockholders will own approximately 78% of the issued and outstanding shares of the Registrant’s common stock, the stockholders of the Registrant immediately prior to Closing (“Existing Stockholders”) will own approximately 12% of the shares of the Registrant’s issued and outstanding common stock.
Question. If PAIV has 57 Mil O/S, does that mean that Over 4Billion Shares are Naked shorts. IMO I think the 5,245,535,839 is what the registrar should be having on hand (As per the article below). WOW, if only 57Mil are the only shares that can be accounted for, then, that's a lot of shares to be bought back, hopefully these 5Bil includes the restricted PAIV shares otherwise $$$$$ pour moi.
In connection with the Merger Agreement, there will be a change of control. Prior to the Closing, the Registrant had 56,575,212 shares of Common Stock outstanding. Upon issuance of the Exchange shares following the Closing, the Registrant will have a total of 5,245,535,839 shares of common stock issued and outstanding. Upon issuance of the Exchange share, the Jupiter stockholders will own approximately 78% of the issued and outstanding shares of the Registrant’s common stock, the stockholders of the Registrant immediately prior to Closing (“Existing Stockholders”) will own approximately 12% of the shares of the Registrant’s issued and outstanding common stock.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001108017%252D06...
Yea, The MicroCapfeed is about $100/month. I know they have news alerts and L2 (though L3 is strictly for power investors), but I do not know whether they have short squeeze alerts? What is the time delay on the news alerts.
http://microcaptrade.com/ind/index.html?img=5&kbid=1212