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PAIM.pk - will it ever run? Dividends paid today!
GZFX - GOING GREEN $$$$$$$ HUGE REVERSAL TODAY!
GZFX $$$$$$$$$ IS AT HIGH OF DAY - NEW WEBSITE and it has had a remarkable turnaround today!
There may not be a cuisp number and a symbol yet? Just some small technical stuff.
GO PAIM!
They probably added all the customer info data, slowed it down, relax folks, this looks way better than the goofy family, and can be fine tuned as needed.
I'm back in with this link...
http://www.gameznflix.com/default.aspx?content=feature&sp=psp
Is is too early to drink a toast to the new website???
All I got is some Budweiser Select, but if I sleep tonight, I better drink em, lol...
~~~~~~~~~~~~~~=============gzfx===========>>>>
~~~~~+++++===============gzfx=========>>>>>>
Predator38 - do I know you from.....
ELOT - Yahoo board? Long time ago?
Website works similar to Circuit City website, I bet they got some help from Circuit City? DUH.....
Nice, very nice!
I got my puffered shares, I keep em in a cracker jack box right next to the "toy suprise inside".
They are at least worth as much as the box of cracker jacks!
Ok, nothing cooking here tonight, the next 3 days will be interesting... GLTA
Thanks ced70, the reason I pointed it out is that Pearl made a point of pointing it out in the PR today!
I think there was some more shorting today, but much less than recent days!
Just a matter of time before this pops... Should be interesting to see how the reports of the preferred shares start hitting next week!
PAIM - if they want respect, they should show us some respect and make PUBLIC FILINGS... WHY WON'T THEY START MAKING SEC FILINGS and BECOME A REPORTING COMPANY????
How about it RICHARD MILLER? Tell PEARL to make some PR's about when she expects to run this company like a REAL REPORTING COMPANY!
That is what would give this stock some credibility and Pearl some respect!
Until then, DIVIDENDS and such may be nice, BUT IT'S NOT WORKING to raise the price...
I'm not bashing, I'm very long this stock!
GLTA
No, it's real! And today's trading looks GREAT. I am not seeing the selling, and seeing real accumulation for the first time since March 14th! That par value of .001 looks good!
WOW - TRADING VOLUME WAY DOWN TODAY! So, did the news today change the trading pattern? I was expecting huge volume, and so far we have the opposite. Ameritrade showing most trades at the ask! Did this news actually end the shorting?
I have a question about today's PR?
They stressed the common shares have a PAR VALUE of .001.
Does that mean they could somehow be cashed out at that value?
If so, isn't the price of .0001 way undervalued? TIA
PAIM dividend NEWS out - Playas, I have a question about today's PR?
They stressed the common shares have a PAR VALUE of .001.
Does that mean they could somehow be cashed out at that value?
If so, isn't the price of .0001 way undervalued? TIA
re- PAIM dividend NEWS - Clouser, I assume you have to get the certs and send em to PAIM, to get the dividends... However, I may hold em at least for a year, and play the common shares.
GLTY
Depends on what you paid, here is my math...
Suppose you bought 10 million shares at .0002 for $2000.
Now you get 1000 preferred shares per every common share, so you get 10 BILLION PREFERRED SHARES!
Now, 10 billion preferred shares are convertable instantly at 1 for 10000 so divide 10 billion by 10,000 and you get 1 million FREE COMMON SHARES
Now sell them at the bid, .0001 and you get $100 for the dividend!
That's a 5% dividend. Hey folks, these are big numbers, anyone else agree with my math?
Not bad for a sub-penny dividend, no????
OK - Penny_King - re value of PAIM dividend - here is the math I used....
Suppose you bought 10 million shares at .0002 for $2000.
Now you get 1000 preferred shares per every common share, so you get 10 BILLION PREFERRED SHARES!
Now, 10 billion preferred shares are convertable instantly at 1 for 10000 so divide 10 billion by 10,000 and you get 1 million FREE COMMON SHARES
Now sell them at the bid, .0001 and you get $100 for the dividend!
That's a 5% dividend. Hey folks, these are big numbers, anyone else agree with my math?
Not bad for a sub-penny dividend, no????
Actually I calculate 10% dividend for anyone who bought at .0001 and could convert the dividend and sell at .0001.
For those who bought at .0002 it is a 5% dividend, and 3.3% for those who bought at .0003.
This is immediately getting certs and stock for them and selling at .0001. Of course, if the share price rises, the dividend becomes worth that much more.
VERY INTERESTING... Let's see what happens..
Also, I did quick math with big numbers, lol, anyone else verify my calculations?
If someone bought at .0002 and could sell the PAIM dividend shares at .0001 after conversion, I calculate the dividend to be worth 5% to them. Anyone else get this percentage?
PAIM - NEWS OUT !!!!! DIVIDENDS EXPLAINED!!!!!!!!
((((((( HUGE BREAKING PAIM NEWS ))))))))))))))))))
Pearl Asian Mining Industries (PAIM) Sets Conversion Rate of Preferred Shares
Business Wire - March 28, 2006 08:00
PASIG CITY, Philippines, Mar 28, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC:PAIM) announced today that the Board of Directors resolved (1) to allow the Preferred shareholders the right to immediately convert 10,000 preferred shares for 1 common share. (2) In order to reward long term preferred shareholders, the Company resolved, to allow the preferred shareholders that hold their shares for 5 years to convert their common shares at the rate of 500 preferred for 1 common share. (3) The Company further resolved, to allow the preferred shareholders that hold their preferred shares for 1 year to convert their common shares at the rate of 5000 preferred for 1 common share. (4) The Company further resolved, to allow the preferred shareholders that hold their shares for 2 years to convert their common shares at the rate of 2500 preferred for 1 common share. (5) The Company further resolved, to allow the preferred shareholders that hold their preferred shares for 3 years to convert their common shares at the rate of 1250 preferred for 1 common share.
The reason that the company decided to set a conversion rate is due to speculation that 1 preferred share might be convertible to 1 common share. The Company believes that setting the conversion rate will discourage continuing naked short sales of its common shares with limited dilution of common equity to those shareholders that bought on or after the ex-dividend date of March 15, 2006. The common shares have a par value of .001 while the preferred have a par value of only .00000001, thus making each common share of vastly greater value than each preferred share.
The company expects that after the 5 years holding period, set to expire March 31, 2011, the majority shareholders will not exchange their preferred shares for common shares since the preferred shares carry the same voting rights as common shares. If the preferred shares begin to trade OTC, they will trade under a different and new symbol and not the symbol PAIM. The Preferred shares are unrestricted in tradability but can not trade under the symbol PAIM. There are approximately 30 billion common shares issued and outstanding after a recent forward split of 1000 for 1. There will be approximately 30 trillion preferred shares issued and outstanding as of the March 31, 2006 preferred dividend payment date.
The Preferred Shares will only be converted into Common Shares after the Preferred shareholders surrender their preferred share certificates to any of the Company's addresses in Canada, Philippines or the U.S.A.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The factors that could cause actual results to differ materially from anticipated results include risks and uncertainties are: risks relating to estimates of reserves; mineral deposits and production costs; mining and development risks; risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits; other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries, Inc.
Pearl Asian Mining Industries, Inc.
USA:
Richard C. Miller, 770-336-5779 (Investor Relations)
877-317-4430 (fax)
THIS IS HUGE PAIM NEWS!!!! DIVIDENDS EXPLAINED TODAY!!!
Exactly - and PAIM intends to modernize the small-scale operations, bringing equipment and technology to these operations.
THUS the OUTPUT will be greatly increased.
NOW WE ARE TALKING PAIM!
re"Janice can't prove Jim exists!" What I don't like about Janice is she comes on the board, and sticks her unsolicited opinion on multiple posts in a posting frenzy, trying to prove what a knowledgeable basher she is, and we should all sell our shares and run away just because she says so, lol.
I don't want to turn this in to an attack Janice board, but she needs to quit posting when her opinion is just an echo of what has already been posted.
An example is when I made the mistake of saying that CMXK reported microscopic specks of gold and Jim Bishop corrected my slip in a very nice way. Then, know it all, comes back in, obviously didn't care that Jim had already cleared the matter, and blathered about it again. What a complete waste of bandwidth, lol..
Ok, maybe we talk about the massive late share dump again today?
Bigdawg11- I am Proud to have bags of shares that will turn to gold when the gold starts being mined.
Buying TONS of shares at this price! Billions of PREFERRED DIVIES COMING..
What a great stock!
Yea, that's it, diamondniferous!! LOL - But the released results here, seem to indicate a ton of gold, lol.
Sure the "naked short" issue does seem similar, but also similar to what USXP and others have hollered.
I believe if PEARL really wants to get the price up, she would keep releasing photos and updates about the GOLD... and the status of the mining operations.
Then the "naked shorts" could be buying in fast because of the price increase.
If this company is for real, they will release tons of FUNDAMENTAL GOLD MINING NEWS around the time of the PREFERRED DIVIDEND!
That just might work...
GLTA
I think the insinuations trying to link PAIM with CMKX has been the worst thing for this stock.
If you remember, the CMKX assays only showed microscopic specks of gold, where this company has showed very profitable marketable quantities of gold.
That is why I went long... I believe there will be gold mined and eventually the stock will rise, naked shorts or not!
Why the 1000 for 1 forward split? Was that to get the trading volume up? Well...................... it worked! Now the price has fallen 99%? Why, when the GOLD NEWS has been so great with this company recently?
GOT PAIM - potential 5 to 10 bagger from here!
PAIM - WILL IT HAVE A RUN? Stay tuned!
One more thing about PAIM! If this PR is true, there may be much more to this company now than before! If they actually prove they are extracting the gold they claim to have found, this .0001/.0002 price may very well be a 10 bagger or more. Want a SAFE penny? lmao
XYZ Operation Gold Finger to Yield Estimated Total Annual Gross Revenues of $157,236,600.00 USD from the 50 Metric Tons Per Day Small-Scale Mining Operations of Pearl Asian Mining Industries, Inc. (PAIM)
Tuesday March 14, 8:00 am ET
PASIG CITY, Philippines--(BUSINESS WIRE)--March 14, 2006--Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) released today the second geo-survey and assay report. The report was conducted by Ostrea Metal Laboratory, Inc., a renowned Philippines chemical assay company, and completed on January 7 -- R.A. No. 32749. This second gold and silver assay report from the samples of two tunnels and selected trenches of the XYZ gold mine site shows rich gold ore reserves.
The XYZ Operation Gold Finger located in the Town of Baleno, Island of Masbate, Philippines, shows the following high-grade gold ores.
TO
GOLD SILVER COPPER REHABILITATE
SAMPLE (GPT) (PPM) (PPM) 2006
----------------------------------------------------------------------
Tunnel 4 IR 0.31 g 1.99 8.59 TBD
----------------------------------------------------------------------
Tunnel 4 2R 0.96 g 7.96 93.84 TBD
----------------------------------------------------------------------
Tunnel 4 7R 0.57 g 4.71 9.24 TBD
----------------------------------------------------------------------
Tunnel 3 2R 94.20 g 608.28 103.09 YES
----------------------------------------------------------------------
Tunnel 3 3R 49.44 g 242.57 25.56 YES
----------------------------------------------------------------------
Tunnel 3 5R 37.36 g 17.46 12.62 YES
----------------------------------------------------------------------
XYZ-GA 3R 8.57 g 17.46 12.62 TBD
----------------------------------------------------------------------
XYZ GA 4R 3.97 g 48.59 27.54 TBD
----------------------------------------------------------------------
XYZ GA 022 5.51 g 12.50 6.45 TBD
----------------------------------------------------------------------
XYZ AG 027 2.10 g 20.51 76.96 TBD
----------------------------------------------------------------------
Pearl Asian Mining continues its preparation to develop the infrastructures of the XYZ Gold Mine Site. The XYZ Gold Team soon will start to rehabilitate the tunnel #3, operating at 50 metric tons per day, where the occurrence of the high-grade gold ores were identified and documented.
Rich gold samples from Tunnel 3 were assayed at 37.35 grams per ton, 49.44 grams per ton and 94.20 grams per ton, giving an average of 60.33 grams per ton.
A. The estimated average of the assay result from Tunnel 3 is 60.33 grams per ton of gold ore and can produce an output of approximately 15,083 grams of gold per day at 30-day month production (15,083 X 30 days) the output of 452,475 grams or 14,596 Troy Ounces (app. 1 gram = 31 Troy Ounce) which is equivalent to $7,298,000 USD per month at a selling price of $500.00 per Troy Ounce.
B. Annual Gross Revenue (AGR) from the gold production to be $87,576,000.00 USD ($7,298,000 X 12). This estimated gold production does not include the sales of silver and other minerals.
C. PAIM's macroscopic plan for the whole Masbate Island because of its rich gold potential is implementing the Community Mining Assistance Program (CMAP) and improved production capability of the Community Small Scale Miners. PAIM is expecting to acquire additional income at a minimum of 12 kilograms or approximately 387 Troy Ounces of gold, which is estimated to produce a gross revenue of approximately $193,500.00 USD.
D. The $193,500 gross revenue per day ($193,500 X 30 days) is estimated to be $5,805,000.00 USD per month to give an annual gross revenue ($5,805,000 X 12) of $69,660,000.00 USD from the community's Small Scale Mining Assistance Program.
E. XYZ Operation Gold Finger will yield an estimated total annual gross revenue of $157,236,600.00 USD ($87,576,000 + $69,660,000). This excludes the income anticipated to result from the sales of silver and other precious metals.
Should the current mining engineering plans continue to be on target, the scheduled income revenue will start to flow during the last quarter of 2006 and early 2007 then on.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
http://biz.yahoo.com/bw/060314/20060314005355.html?.v=1
One more thing about PAIM! If this PR is true, there may be much more to this company now than before! SCAM - maybe - but if they actually prove they are extracting the gold they claim to have found, this .0001/.0002 price may very well be a 10 bagger or more. Want a SAFE penny? lmao
XYZ Operation Gold Finger to Yield Estimated Total Annual Gross Revenues of $157,236,600.00 USD from the 50 Metric Tons Per Day Small-Scale Mining Operations of Pearl Asian Mining Industries, Inc. (PAIM)
Tuesday March 14, 8:00 am ET
PASIG CITY, Philippines--(BUSINESS WIRE)--March 14, 2006--Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) released today the second geo-survey and assay report. The report was conducted by Ostrea Metal Laboratory, Inc., a renowned Philippines chemical assay company, and completed on January 7 -- R.A. No. 32749. This second gold and silver assay report from the samples of two tunnels and selected trenches of the XYZ gold mine site shows rich gold ore reserves.
The XYZ Operation Gold Finger located in the Town of Baleno, Island of Masbate, Philippines, shows the following high-grade gold ores.
TO
GOLD SILVER COPPER REHABILITATE
SAMPLE (GPT) (PPM) (PPM) 2006
----------------------------------------------------------------------
Tunnel 4 IR 0.31 g 1.99 8.59 TBD
----------------------------------------------------------------------
Tunnel 4 2R 0.96 g 7.96 93.84 TBD
----------------------------------------------------------------------
Tunnel 4 7R 0.57 g 4.71 9.24 TBD
----------------------------------------------------------------------
Tunnel 3 2R 94.20 g 608.28 103.09 YES
----------------------------------------------------------------------
Tunnel 3 3R 49.44 g 242.57 25.56 YES
----------------------------------------------------------------------
Tunnel 3 5R 37.36 g 17.46 12.62 YES
----------------------------------------------------------------------
XYZ-GA 3R 8.57 g 17.46 12.62 TBD
----------------------------------------------------------------------
XYZ GA 4R 3.97 g 48.59 27.54 TBD
----------------------------------------------------------------------
XYZ GA 022 5.51 g 12.50 6.45 TBD
----------------------------------------------------------------------
XYZ AG 027 2.10 g 20.51 76.96 TBD
----------------------------------------------------------------------
Pearl Asian Mining continues its preparation to develop the infrastructures of the XYZ Gold Mine Site. The XYZ Gold Team soon will start to rehabilitate the tunnel #3, operating at 50 metric tons per day, where the occurrence of the high-grade gold ores were identified and documented.
Rich gold samples from Tunnel 3 were assayed at 37.35 grams per ton, 49.44 grams per ton and 94.20 grams per ton, giving an average of 60.33 grams per ton.
A. The estimated average of the assay result from Tunnel 3 is 60.33 grams per ton of gold ore and can produce an output of approximately 15,083 grams of gold per day at 30-day month production (15,083 X 30 days) the output of 452,475 grams or 14,596 Troy Ounces (app. 1 gram = 31 Troy Ounce) which is equivalent to $7,298,000 USD per month at a selling price of $500.00 per Troy Ounce.
B. Annual Gross Revenue (AGR) from the gold production to be $87,576,000.00 USD ($7,298,000 X 12). This estimated gold production does not include the sales of silver and other minerals.
C. PAIM's macroscopic plan for the whole Masbate Island because of its rich gold potential is implementing the Community Mining Assistance Program (CMAP) and improved production capability of the Community Small Scale Miners. PAIM is expecting to acquire additional income at a minimum of 12 kilograms or approximately 387 Troy Ounces of gold, which is estimated to produce a gross revenue of approximately $193,500.00 USD.
D. The $193,500 gross revenue per day ($193,500 X 30 days) is estimated to be $5,805,000.00 USD per month to give an annual gross revenue ($5,805,000 X 12) of $69,660,000.00 USD from the community's Small Scale Mining Assistance Program.
E. XYZ Operation Gold Finger will yield an estimated total annual gross revenue of $157,236,600.00 USD ($87,576,000 + $69,660,000). This excludes the income anticipated to result from the sales of silver and other precious metals.
Should the current mining engineering plans continue to be on target, the scheduled income revenue will start to flow during the last quarter of 2006 and early 2007 then on.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
http://biz.yahoo.com/bw/060314/20060314005355.html?.v=1
Power forward - PAIM is a scam, but CWLC is not??? Now, you base your opinion on what evidence? Both are overseas operations you have not seen to verify. Both have lots of PR's, that you can not verify. But PAIM is selling at .0001 and is priced like a scam, I agree.
What I was saying is that the stock may run, like CNES, USXP, or CMXK, other "scams" that have made nimble traders lots of money.
I didn't say, buy for the IRA and the long haul. I said buy for a 5 to 10 bagger, if you think it may run. Obviously, you only buy SOLID pennies, lmao.
HAVE A GOOD DAY!
PAIM - NEWS after the close yesterday - .0001 or .0002 may very well pay off a 5 to 10 bagger on this one if you don't buy too much and don't get too greedy when it runs.
Many of us think there WILL BE A RUN because of the "newness" of the issue and the fact that the "naked short" issue may actually generate a lot of publicity. When it moves, it will move fast!
Morning all - is PAIM in play with NEWS yesterday?
PAIM - MASSIVE ACCUMULATION - Ready to fly! We have seen GWGO, USXP, and many others make huge 5 to 20 baggers recently and not have nearly as good NEWS as PAIM...
Really looks good for a nice move, it was way way way oversold!
I agree Ballyhoo - PAIM - it is time for BREAKOUT!