is...not in
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I guess that is what makes IHub's pay-service so valuable. Even on the DOM board, and especially on the stock boards, there are a lot of posts to weed through to get to the meaningfull ones.
I could tell that from you and Janice both.
I am just surprised there isn’t more discussion of PAIM’s story here. To me, that is much more interesting than the stock price.
I guess the people that know the story have no real reason to discuss it and the people that don’t know, would really rather not know.
I have been trying to figure out the dynamics of this board for some time.
Would you say that the majority of the people posting here are aware of the amazing story behind PAIM?
The only people I have identified so far, who seem to have a clue are you and Janice.
Jim Bishop,
You have known for months that PAIM is nothing but an internet scam.
Why did you buy into it?
Are you paying attention to Janice or to the current conversation at RagingBull.
Instead of sitting on you hands, hoping the stock will rise to $1, you need to take control.
At least push the SEC to start an investigation.
Expose this thing early and maybe you can get a portion of your money back.
Right, I am looking at Wyoming filings. Pearl's website lists Randolf Villanueva as CEO but does have references to Pearlasia and Sister Pearl. This is all very intriguing. I can see why you stick around here.
I really must tear myself away though. Thanks again. asdfghj
Actually, my mistake she was the CFO. I am still looking for the CEO.
According to the latest filing, Eleuterio Diao is mentioned as being the CEO. Is this the same person or am I looking in the wrong place?
janice,
Thanks. Very interesting reading. That would sure explain a lot, wouldn't it.
Admittedly, I have not studied up on my PAIM and have not before heard of DoM Nation. Aside from the striking name similarities, the Philippines, and the gut feeling that PAIM is run by a con artist, do you have anything that actually connects Pearlaisa with Pearl Asian Mining?
janice: I don't. Please fill me in.
rufff, sorry for the insulting "blather". I thought your were among .001 by tomorrow crowd.
By the way, where did I ever say that I was not here to bash?
Also: When my message said "assuming the debenture deal actually went through", it was a direct quote from your message. I may be wrong, but I don't think I ever actually said "IF the debenture deal went through". I think you misquoted me quoting you.
Also: I think I tried qwerty first: but it was taken.
Also: You are right: Here is a character that says he is going to log off, but can't log off.
Well, I am out... but one last comment:
I am not trying to discourage anybody that owns the stock. This is a tempting gamble that may really pay off. Just view it for what it is: An all-or-nothing crap shot that may take years to materialize.
GLTYA
TOPDESERT,
If PAIM had millions of dollars from selling shares already, then this money would be shown as cash or assets in their filings. I don't remember exactly, but her assets are not much more than a few tens of thousands of dollars.
Did she allocate money to pay you all? Extremely doubtful. If she had money she wouldn't seem so desperate for money.
Will you all get paid via liquidation? Maybe, but she can't liquidate the gold she has not dug up, nor can she liquidate the gold pickers she has employed. The only thing she can liquidate are some antiquated mining artifacts she has shipped in from China. I don't see these being worth much.
Masterinvest:
Where people might have some confusion is in the difference between a RS and this debenture. In a RS, people tend to sell before the RS, with the expectation that the price will subsequently drop. After the RS, people jump back in with the hope of some immediate rebound. The overall result is that the share price will “adjust” an amount approximately proportional to the change in float.
The current debenture is more like a dividend than a RS. In a dividend, people buy before the dividend and sell immediately after. This usually causes a drop in share price equal to the size of the dividend. The same thing here. People have bought before the debenture so that they will receive the debenture. After the debenture close date, the stock price would typically “adjust” by falling 90%. The only reason it won’t in this case is the reverse split. The end result is no change. Just $30,000,000 in debt for PAIM and a lot of hopeful shareholders.
rufff said: "I think the likely float, at this point, is probably 3 billion, again, assuming the debenture deal actually went through and no further dilution. The future float depends on when the preferreds are converted."
rufff, most investors aren’t as short sighted as you all seem to be. The share price won’t reflect the float at this exact second (which may be at 3 bil if major dilution hasn’t already taken place), but rather reflects the anticipated float within some period. As my post stated, this could be anywhere between 6 bil tomorrow and 63 bil in the next five years. This is not including a certain amount of dilution, which is inevitable in the very near future. Investors also look at the likelihood that a company can work itself out of debt, which appears unlikely for PAIM, given the enormous amount of debt she now has.
rufff, Actually, see my next post, maybe it answers your question better.
TOPDESERT,
Another thing I want to point out is that PAIM now has an enormous burden of debt. If Pearl is not a scam, she has really gone out on a limb with this debenture. Have you read the details of her operation? This mine is a very small-time thing. She has almost made it sound like people would picking the gold out of the oar with their fingernails. I can not imagine that this operation will generate $30,000,000 in five years to pay you all off, much less have enough left over to expand the business and increase the PPS.
TOPDESERT,
My goal was to create an alias that conveyed a certain level of indifference, which I hope is consistent with my posting style.
I will not argue your point that IF more shares are not introduced and IF Pearl generates some income then the price will rise. I am only pointing the size of those “IF”s. (Actually, I was mainly pointing out the fact that this isn't going to happen tomorrow, as many of you are claiming.)
Also, don’t be disillusioned. Pearl has really obfuscated the actual float size. It could be anywhere between 6 billion (if everyone cashed in their preferred today) to 63 billion (if everyone waited five years before cashing in their preferred). This is assuming that more shares aren’t currently hitting the market and you can be certain that more shares are currently hitting the market. After all, Pearl has no money and starting a mining operation is not cheap. How do you think she is funding this thing? Hint: By selling shares into the huge volume she has generated.
Jim Biship,
Thanks for the info. Do you have access to this Canada Stockwatch? What is PAIM really going for these days?
From what I have read on the OTCBB rules, trade reports can actually contain as many as six decimal places but the point remains, that it becomes very inconvenient to sell when the stock price hovers around .0001. Unless Canada Stockwatch allows you to enter five digits into your trade, I don’t know of a single broker, who does. This leaves a person with the only option of using the dreaded Market Sell, and unless people are really desperate, they tend to avoid selling when they could potentially get .000001. Given this fact, there seems to be some validity in the theory that an unscrupulous company could use the four-decimal limitations to their advantage.
I honestly believe that PAIM is using the four digit limitations to surreptitiously introduce shares to fund their operations, but I do not necessarily believe the implication that PAIM is a scam. PAIM may truly expect their operation to be a grand success, though I would not overlook the possibility that they may be disillusioning themselves as much as they have their investors.
I don’t understand why everybody here thinks there is going to be some magical adjustment in the stock price to .001. The MM’s don’t “set” the price. You all determine the price through your demand for shares and I can bet that there isn’t a single one of you that would be willing to pay .001 to buy shares tomorrow. Most of you have made it clear that you wouldn’t pay .0001 to buy shares tomorrow. I can promise you that there is absolutely nobody in this world that will pay .001 to buy shares tomorrow. Sorry, but that means that there is absolutely no way the price will adjust to .001. So please, quit getting your hopes up.
If the price did not go up before this debenture deal, then it will not go up after. There is no short-term motivation for people to buy now. If PAIM is a real company, they desperately need money to start this mining operation. This means that there is substantial dilution currently and in the near future. Expect the price to be pegged at .0001 for many months to come.
If PAIM is not a sham, you all will make out well in the long term but this is NOT a short-term play. Sit back, relax, get some sunshine, tend to your families, accumulate a little more if you have faith, and check back in a few years. Quit trying to sucker in newbies with your desperate hype. They won’t affect the price and you will only make yourself and PAIM look bad.
But more importantly, you should say "SHAME ON YOU" to anyone that claimed this debenture would result in a stock price of 0.001.
If anyone is actually able to get through to the company, you should get their explanation about why they made the unconventional 1000 for 1 forward split from 0.1 in the first place. According to that Buyins company they "hired", this split has been solely responsible for the naked shorting they claim to have experienced.
I have long been curious about the motivation behind this split. The only explanation I can come up with is in line with this conspiracy theory posted to RB:
This was posted in response to the question "Why did pearl bother with debentures instead of just having a reverse split?":
http://ragingbull.lycos.com/mboard/boards.cgi?board=PAIM&read=955
The answer to this question is simple. Pearl is brilliant! Since the exchange limits prices to four digits, .0001 becomes a very significant number. This is the one value that insures that anybody that buys the stock will be stuck in the stock indefinitely. Pearl can flood the market with as many shares as she want and the price will stay at the same level. Another beautiful thing about the .0001 level is that attracts that "special group" of investors that are looking for a big score. These are the people that are unable to calculate a company's real worth, or even the company's market cap. These people are just able to do enough multiplication to discover that their $100 investment will turn into $100,000 if the PPS rises to 0.1. As long as Pearl keeps dangling the carrot, these people will keep buying, regardless to the size of the float. This is why Pearl couldn't do a reverse split. Investors would see that the value of .001 would not hold up. It would drop back to .0001 in a matter of days. This drop in price would make even the most gullible investor aware that Pearl is a sham. Investors would fear future reverse splits and would stop buying the stock. Volume would drop to zero, more reverse splits would occur, Pearl would quickly die.
To keep the volume, Pearl has done the most creative stunts I have ever seen. The original 1000 for 1 forward split was amazing. This served two purposes. Dramatically increase volume and interest, while at the same time, attain the magical PPS of .0001. If anybody wants to argue anything I am saying, start by giving another reasonable explanation for the 1000 for 1 forward split from 0.1. The worthless preferred shares was also brilliant, especially the part where they did not reveal the exchange rate until after the ex-dividend date. Finally, the fake debentures completes the trifecta. Daily volume is maintained at the 100,000,000 level and billions of new shares are flooding the market. Nobody will discover the scam for five more years. My compliments to Pearl and my apologies to her investors.
PeeVeeCee,
NMPR appears to be the most successful division right now, why would they want to "flick" it? One of NEOM's strengths seems to be that they have diversified their buisness strategy. Do you expect that they sell this division off, or simply disolve it?
success622,
Thanks for the info. If you couldn’t tell, I am among those who crept in from PUPS and am trying to figure out the significance of micro-paint to both these companies. We appreciate the attention PUPS has received through NEOM. Hopefully, a successful PUPS could play a role in re-energizing excitement for NEOM.
NEOM certainly seems to have a lot going on; it is hard to keep track of it. My impression is that Micro-paint is one of your more successful ventures. According to your last 10K, micro-paint has generated more revenue than the other two business-units combined:
NET SALES 2005 / 2004
License fees
$523,000 $343,000
Resale of software and technology equipment and service fees
$354,000 $630,000
Micro paint repair products and services
$1,279,000 $727,000
Total net sales
$2,156,000 $1,700,000
Micro-paint also seems to be expanding at the fastest rate:
“Total net sales for the year ended December 31, 2005 were $2,156,000, which represented a $456,000, or 27%, increase from $1,700,000 for the year ended December 31, 2004. This increase primarily resulted from increased sales from the Company's Micro Paint Repair business, offset by the reduced resales of Sun Microsystems equipment due to increased competition in that industry that led NeoMedia to wind down this business unit during the first quarter of 2006”
It appears that the presence of PUPS is aggravating a number of people on your board. This is unfortunate considering the current success of micro-paint and the beneficial role PUPS could have in furthering this success. I encourage you to continue the discussion on the PUPS partnerships and to help some of us catch up on where you think your company is headed. For anyone, who is unfamiliar with the NeoMedia Micro Paint Repair (NMPR) division of NEOM, I included the summary and timeline from the last 10K.
NeoMedia Micro Paint Repair Summary:
NMPR offers both its own unique product line and acts as a distributor of other companies' products to round out its comprehensive offering to automotive rejuvenation businesses worldwide. The products offered through NMPR include:
NMPR Paint System. NMPR offers a license to use its proprietary NMPR Paint System, along with a training program and ongoing technical support relating to the system. The system itself utilizes proprietary technology to repair cosmetic automobile damage such as chips, scratches, spots, blemishes and oxidized paint. While competitive paint repair products utilize a mechanical fix, the NMPR system chemically alters the paint to make the repair invisible to the naked eye, even with the most lustrous metal flake and pearlized auto paints. Repairs can be completed in a fraction of the time of conventional methods, and all of NMPR's products are free of harmful icocyanates.
NMPR Paint System Products. NMPR supplies the products necessary for a paint system operator to implement an NMPR Paint System. Products include NMPR's proprietary chemicals, auto paint and application hardware.
NMPR Specialty Products. NMPR offers a variety of non-paint related specialty products, including paintless dent repair, interior cleaning, corrosion protection, windshield repair and warranty programs.
NMPR Auto Rejuvenation Services. NMPR currently operates two repair facilities, one in its headquarters office in Fort Myers, Florida and the other in its Canadian head office in Calgary, Alberta. The facilities utilize the NMPR Paint System and other auto rejuvenation services to make cosmetic repairs to automobiles for dealerships, rental car companies and consumers.
NMPR Auto Rejuvenation Training. NMPR offers complete training on its own proprietary micropaint system, paintless dent repair and other auto rejuvenation services to clients of all sizes in its facilities in Fort Myers, Florida and Calgary, Alberta, and at client locations. In early 2006, NMPR specialists trained partner Jinche in China on the NeoMedia Micro Paint Repair system in 30 of Jinche's Beijing facilities initially.
Other Automotive Aftermarket Products. In some geographies, NMPR serves as a distributor of other automotive aftermarket products from a variety of manufacturers, such as DuPont and PPG.
On August 30, 2005, NeoMedia signed a distribution agreement with Jinche, under which Jinche will act as a distributor of automotive products in China. Jinche is a Beijing PRC-registered company specializing in automobile sales, financing, insurance, repair, and accessories through its Automart branded facilities. NeoMedia will supply Jinche with its micro paint repair products, as well as various other automotive aftermarket products from other manufacturers. In early 2006, NeoMedia strengthened this relationship to a 10-year exclusive agreement to supply micro paint and related products and to supply 70% of the macro paint sales at Jinche's Automart-branded facilities. Conversely, Jinche gets sole distributorship of NeoMedia products in China, Hong Kong & Taiwan for this 10-year period.
An additional goal of the NMPR business unit is to act as the premier supplier and distributor of automotive aftermarket products. To this end, during 2005 NeoMedia signed agreements to distribute DuPont and PPG paint and aftermarket products to Jinche.
To achieve a global supplier status, the NMPR business unit has established agreements with distributors in other key geographies to help promote, sell and distribute its micro paint repair system and products. During 2004 and 2005, NeoMedia has enlisted the following distributors:
- Micro Paint Systems Australasia (Australia and New Zealand)
- WI-THO AS (Scandinavia)
- Micropaint de Mexico (Mexico)
- MDA Co-Auto (Canada)
- Restex (USA)
Significant Dates:
On February 28, 2006, NeoMedia signed a 10-year exclusive supplier agreement with Automart, a Beijing-based joint venture operating under the laws of the People's Republic of China specializing in automobile sales, financing, insurance and repair. Automart is the brand name of Jinche Yingang Auto Technological Services Limited, with which NeoMedia signed a distribution agreement in August 2005. The new agreement expands on the previous agreement, giving Automart the exclusive rights to distribute NeoMedia's micro paint repair products to their own stores and others throughout China, Hong Kong, Macao, and Taiwan, and also guaranteeing that Automart will purchase at least 70% of its non-micro paint products through NeoMedia as its distributor. NeoMedia has signed distribution agreements with DuPont and PPG, and intends to become a distributor of other automotive aftermarket products to Automart.
On December 20, 2005, NeoMedia executed a definitive supply agreement with E.I. DuPont de Nemours (Belgium) BVBA of Belgium ("DuPont"), a subsidiary of E.I. DuPont, under which NeoMedia will distribute DuPont's automobile refinish paint throughout the People's Republic of China. The agreement calls for NeoMedia to serve as a non-exclusive distributor of DuPont products to Beijing Sino-US Jinche Yingang Auto Technological Services Limited ("Jinche") in the People's Republic of China. NeoMedia previously signed a distribution agreement with Jinche under which Jinche will distribute and use NeoMedia's micro paint repair products at its automotive service facilities throughout China.
On February 17, 2006, in connection with the $27 million convertible preferred funding arrangement with Cornell, NeoMedia was assigned 20,000,000 shares of Pick Ups Plus ("PUPS") common stock. NeoMedia had previously acquired 8,333,333 shares of PUPS common stock directly from PUPS, in exchange for $250,000 cash.
On December 14, 2005, NeoMedia executed a definitive distribution agreement with PPG Industries' PPG Shanghai Trading Co. Ltd. ("PPG"), under which NeoMedia will distribute automotive aftermarket products produced by PPG. The Agreement calls for NeoMedia to serve as a non-exclusive distributor of PPG products to Jinche in the People's Republic of China.
On October 4, 2005, NeoMedia signed a definitive distribution agreement to bring its NeoMedia Micro Paint Repair business to Scandinavia. The agreement, signed with WITHO-AS of Oslo, Norway ("WITHO-AS"), calls for WITHO-AS to serve as an exclusive distributor of NeoMedia's micro paint repair products, systems and licenses to automotive service facilities throughout Denmark, Sweden, and Norway. Based in Oslo, Norway, WITHO-AS is a new company formed to specialize in products and services involving micro paint repairs for automobiles in Denmark, Sweden and Norway.
On September 27, 2005, NeoMedia signed a definitive distribution agreement to bring its NeoMedia Micro Paint Repair business to Mexico and Latin America, as well as be a distributor of other automotive aftermarket products. The agreement, signed with Micropaint de Mexico, S.A. ("Micropaint de Mexico"), calls for Micropaint de Mexico to serve as an exclusive distributor of NeoMedia's micro paint repair products, systems and licenses to automotive service facilities throughout Mexico and Latin America. The agreement also calls for Micropaint de Mexico to buy certain automotive aftermarket repair and environmental protection products from NeoMedia. Founded earlier this year and based in Monterrey, Mexico, Micropaint de Mexico specializes in providing automotive aftermarket products throughout Mexico and Latin America.
On August 30, 2005, NeoMedia signed a distribution agreement with Jinche, under which Jinche will act as a distributor of automotive products in China. Jinche is a Beijing PRC-registered company specializing in automobile sales, financing, insurance and repair. NeoMedia will supply Jinche with its micro paint repair products, as well as various other automotive aftermarket products from other manufacturers.
On February 25, 2005, NeoMedia signed two non-binding letters of intent to acquire up to 100% of Automotive Preservation, Inc. ("AP"), a distributor of automotive paint and accessory products, from AP's parent company, PUPS. The first letter of intent calls for NeoMedia to initially acquire 30% of AP for $1,600,000, to be paid $600,000 in cash, $554,000 in shares of NeoMedia restricted common stock, and $446,000 through the assumption of AP debt by NeoMedia. Under the second letter of intent, upon completion of the acquisition of the initial 30% of AP by NeoMedia, NeoMedia would have the option to acquire an additional 30% of AP for $1,650,000, payable in shares of NeoMedia restricted common stock. The second letter of intent also gives NeoMedia the option to purchase the final 40% of AP for either: (i) $2,200,000, payable in shares of NeoMedia restricted common stock, if NeoMedia exercises this right within 12 months of acquiring the second 30% of AP, or (ii) a price equivalent to AP's previous quarter EBITDA multiplied by 8, payable in shares of NeoMedia restricted common stock. Both letters of intent are non-binding and subject to due diligence by NeoMedia and AP. On September 21, 2005, the BOD approved to change the deal structure for the acquisition of AP, so that the Company would acquire only 30% of AP for a total purchase price of $1.6 million of which $600K would be paid in cash and $446K would be paid through the assumption of debt, and $554K through the issuance of restricted Neomedia stock. Neomedia will not acquire the remaining 70% of AP under the new structure.
:<font color=red>Significance of micro-paint:
Here is a repost of an old message by kokonutguy.
Has anybody kept up on the progress of the companies mentioned here?
YOU GUYS WILL LOVE THIS!
Car services JV hopes to tap big market
By Li Fangfang (China Daily)
Updated: 2005-11-11 06:28
US Cornell Capital Partners and Beijing Jinche Yingang Auto Maintenance Centre announced yesterday in Beijing the establishment of a joint venture focusing on vehicle after-sales servicing.
The new business will be called Beijing Sino-US Jinche Yingang Auto Tech Services Ltd (Sino-US AutoMart).
"The auto after-sales market in China is messy and has not matured. However, it's a big market with approximately 80 million automobiles in China," said Zhang Xiaoyu, chairman of the Society of Automotive Engineers of China.
Sino-US AutoMart has total assets of US$29.45 million, and US$11.78 million of registered capital. The Chinese side will have 67 per cent of the new joint venture, with the US firm holding the remaining 33 per cent. The company has employed more than 1,000 people in China.
Sino-US AutoMart will focus on automobile after-sales services, including repairs and maintenance, insurance, the sale of parts, interior furnishings, care products, tyres and windscreens.
"We have six flagship stores, but want 60 in Beijing by the first quarter of next year. We want to be the nation's largest network for maintenance and sales," said Pang Guisan, president and chairman of the firm.
"We are planning to set up more than 3,000 chain and franchise stores in major cities across China."
He said this last goal would be implemented within five years, with a total expected turnover of 10 billion yuan (US$1.24 billion) a year.
According to Pang, Sino-US AutoMart is the first auto services joint venture since China entered the World Trade Organization.
Sino-US AutoMart believes its high technology from the United States will give it a competitive edge. For example, the company has introduced micro-paint repair technology that can repair bodywork scratches.
"Compared to regular paint in China, micro-paint is totally non-toxic and non-polluting. The whole process takes only 30 minutes, 10 times faster than usual," claimed Pang.
He promised that Sino-US AutoMart would introduce technology that has never appeared in China every month starting next year.
He also disclosed to China Daily that the firm hopes to be listed on the NASDAQ stock exchange in New York in two years' time.
http://www.chinadaily.com.cn/english/doc/2005-11/11/content_493880.htm
==================================
Cornell Capital, Beijing Jinche Yingang set up China auto servicing jv- report
BEIJING (AFX) - US-based Cornell Capital Partners and Beijing Jinche Yingang Auto Maintenance Centre have established a joint venture focusing on vehicle after-sales servicing, the China Daily reported.
The joint venture, named Beijing Sino-US Jinche Yingang Auto Tech Services Ltd (Sino (Xetra: 576550 - news) -US AutoMart), will focus on automobile after-sales services, including repairs and maintenance, insurance, parts sales, care products, interior furnishings, tyres and windscreens, the newspaper said.
Cornell will hold a 33 pct stake in Sino-US AutoMart, and Jinche Yingang will hold 67 pct.
Sino-US AutoMart has registered capital of 11.78 mln usd and total assets of 29.45 mln usd, the newspaper said.
Sino-US AutoMart has six flagship stores, but wants to open 60 in Beijing by the first quarter of next year, the newspaper said, citing the company's president and chairman, Pang Guisan.
'We want to be the nation's largest network for maintenance and sales,' the newspaper quoted Pang as saying. 'We are planning to set up more than 3,000 chain and franchise stores in major cities across China,' he added.
These stores will be opened within five years and are expected to have a total annual turnover of 10 bln yuan, (that's an equivalent of $1.2 billion dollars - koko) the newspaper said, citing Pang.
Pang added that Sino-US AutoMart, which is the first auto services joint venture to be set up in China since the country entered the World Trade Organization, hopes to list on the Nasdaq (NASDAQ: news) stock exchange in two years time.
(1 usd = 8.1 yuan)
will.davies@xinhuafinance.com
http://uk.biz.yahoo.com/051111/323/fwm1l.html
======================
For those who can't figure these news out, check here:
http://www.techflorida.com/news/news_view.asp?id=23647
http://press.namct.com/content/view/985/61/
http://www.pickupsplus.com/letters11.html
http://www.pickupsplus.com/letters10.html
Can you guys say "lucrative" for the NMPR market?
No wonder! Those guys at NEOM were certainly busy!
Don't feel bad, You all aren't the only ones selling into the market:
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D06...
If anyone pays attention to the trends...
http://quote.barchart.com/texadv.asp?sym=NEOM
http://quote.barchart.com/texadv.asp?sym=PUPS
There is quite a contrast