Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What's the point if you really believe that?
Actually, I have e-mailed back and forth with Pedro. I haven't spoken recently with MT.
What I mean by that, is they are still highly confident in the compnay and haven't waivered a bit. But they know a lot more then us.
Midas, thanks for the definition lesson. Are you here to save me? I don't get you as much as I don't get the company these past couple days.
Who exactly are you and why are you concerned about me owning shares of this stock? I mean, I don't see individuals at Wal-Mart telling other people they just bought some Chit clothes? Perhaps you could go warn them as well.
What's your agenda? If you think what you post, then wipe the dust off and go on. I would like to wollow in my ignorance.
Sheeesh. Goodnight everyone. LOL
Sounds good to me. Not sure why we can't get that.
Don't get me wrong, I think there are a lot of valid questions that need to be answered. Even those of us who are patient realize the recent poor management of things doesn't benefit anyone long or short term. I just got a problem with someone throwing out wild accusations built on a straw man.
The things is, when this does get resolved, and money does start flowing, there will be no looking back.
Nothing like seeing the whites of their eyes!
Maybe 4God needs to arrange a shareholder meeting in Texas, like they did last year.
Seems there are some very important questions that need to be answered face to face.
What US law are you accusing him of breaking????
But it would seem if you did some DD you would realize the financial information you are trying to get AFs for is subject to Panama Law even if we in the US would benefit from the information.
But then you are accusing MT of being a law breaker. But it is you who want him to break a law to your benefit. Wow, that is pretty righteous.
That's where you are having the problem. Keep telling yourself that. I'm sure it will eventually convince MT to get you what you want.
Why do I need to provide a reason? I'm not the one making accusations? I'm not naive enough to think you know the entire picture. Oh, and yes, I do know about the Panama law issue that arose that you failed to mention.
Do you suppose MT had the Panama government write that law on his behalf? You may argue he should have known about it, but then perhaps that doesn't fit into your agenda.
What's your point in all this? Are you the superhero today?
That's a pretty loose accusation. Are you sure about that?
What we do know, is the company has gained control of several million certified shares that have been converted to PDRs. Those shares are supposed to be locked down like gold and represent the backing of the PDR (reciept). If the company chose to sell those shares, the PDRs would no longer be backed by them and then all hell would break lose.
Bottom line is one stock based PDR is equal to 10,000 shares. They can not have more PDRs then the OS/10,000 which is just over 500,000 pdrs. I wonder how many stock pdrs exist on the exchange right now. Now the company does know that.
Here's a thought....What if PNMS recoginizes that the share price is completely irrelevent and bogus. MT has often communicated how the share price goes down with good news.
Sure, many people think, and there is evidence all around in this market, that the company is diluting shares. Which may or may not be easy/difficult to prove. For now lets say the company is NOT dilluting(and that would be something known to them). If they aren't then how would they explain it? Would they not see corruption and NSS and all sorts of unexplainable things? Do you think they would have any sort of confidence in the Pink Sheet Market? The answer is NO.
With the PDR exchange up and running, it is clear evidence that they have turned their back on the pink sheet market. It is irrelevent to their business plan. With that said, they are not going to compromise what they are trying to build with the PDR exchange so that it can impact the pink sheets one way or the other. It is that fact that has shaken many of the people on this board along with the share price. Those people who want to place their trust in the company have been told what to do. And have capped it off with a letter of guarantee. Sure, many don't believe it, and that is their choice.
Eventually the pink sheet market will probably come around, especially as the money does begin to trickle out to PDR Exchange Investors. But I don't think it makes one difference to the company. They are slowly and methodically buying back their company from the corrupt market. This is what and how the foundation is protecting it's holders. People like fillthegap, won't be able to flip PDRs day in and day out because they have bigger and faster computers. You may not realize it, but the money/equity that is taken from the flipping has to impact something.
How many have watched PinkLawyer pump and dump. One minute they love it and the next minute they are gone. I've witnessed it. Nothing illeagal about it, just a game that I'm not interested in playing.
Dah, that's the problem.
You are lost. The IRA issue has to do with being able to pull or certify shares while being in an IRA. The IRA is the big bad wolf of the NSS.
I have basically ended my broker relationship with TDAmeritrade. Whatever the case, they were the ones that held my shares on the date in question.
I have complained to the SEC. I think patients will pay off. I will get my DIVY.
Hmmmm....I'm a contractor, is it greedy for a developer to get three electrical quotes to minimize his costs?
Many may think professional atheletes are greedy, but they get what the market will bare for the product they are delivering. If you don't want to pay $6 for a hot dog then don't do it. But it seems someone is always eating a hot dog.
Anyways, IMO he is mixing up greed with capatilism. The share price would eventually level out with the PDR price.
It's like trying to remove a dam and wanting the water to stay put. There are natural forces that just won't let that happen....I don't think that is all greed. But greed is a driving force no doubt.
I think you are wrong about anyone getting stuck with bogus shares.
I don't remember stating specifically someone getting stuck with bogus shares. I believe this was a comment MT made a while back on his blog. I would agree in theroy that brokers would be forced to purchase shares back to cover.
With that said, I owned shares through TDAmeritrade for the DIVY, and as of now it seems I can't get them to ceritfy I owned those shares.
Of course it's not a requirement that you agree with me. LOL
I believe I read some place recently that confirmed they have not bought back shares as of yet.
I have a hang up with your scenario. While I think there may be some truth, the problem is the current share price.
Let me explain. I understand that the company has "proven" it has millions of dollars in cash on hand.
Lets simply take one million dollars. At today's share price, you could buy 1,000,000/.0016 = 625 MILLION Shares.
Now, I understand that you can't buy that many shares at that price. So lets say you try to buy back 500 million shares at an average of .003. That would take 1.5 million.
If everything they say is absolute truth, then look at all the equity they can put into the company by purchasing these cheap shares today.
They would perhaps say that there is wicked short selling going on and they don't want to purchase "bogus" shares. I would say, then it's OK for us to purchase bogus shares? Bottom line is, they would need to pull the certificates and reduce the float just as we are doing. Which would ultimately force a short cover and the pps would rise.
This my friend is what keeps me awake at night. This is where the rubber meets the road. This is what smells of scam. I personally like MT and the company. I have sent certs in, I have PDRs, I have a written gurantee, but honestly, this is the part that doesn't add up.
If they truly believed in what they are saying, then it makes perfect sense to purchase the shares back, increase the equity in the stock, and put an end to all this NSS talk.
Instead, they ask us individual share holders to trust.
If I'm wrong, it makes no difference what I say. I'm already in as far as I'm willing to go, until I see some sensible things start happening.
You need to go back and read is slower....That's all I can explain to you.
That's rediculous, he is listing suggestions. You can go anywhere and use the card...out to dinner.
Once your PDRs are sold and you obtain capital gain from them, it is your responsibility to report it to the IRS. Has nothing to do with when you take your money out.
Here's a question....how much are they paying these guys? Where did he get 70 million dollars? Did he inherit it? Did he invent something? That's a lot of bread.
DS,
Of course I hope all that you are saying is true and will come to pass.
I was somewhat joking with my cloak and dager comment because it is starting to sound made up, like some campfire story. Stay tuned....
Everything you said may become true and is hopeful, but there are many factual things that have happened that seem to be a lot more persuasive to the market.
Well, lets start with the wire transfers. Have you read what it says on the PDR exchange? They should remove it and make a comment that says this is currently unoperational until further notice or something.
They should QUIT setting dead lines and then missing them. If you re-call the PDR exchange was behind dead line.
They should explain in more detail what problems they are working through instead of keeping things in the dark.
Nicely put. It doesn't help the noise level when the company keeps throwing fuel on the fire.
OT There will be a PR coming out on how to use disguises when picking up checks. It is important that we have a minimum of two disguises. One to walk through the door, then after we privately ID ourselves we will be required to wear a completely different disguise.
The best time to pick up checks will be Holloween...so plan now in advanced.
I'm sorry, but most of us have to admit, all this cloak and dagger talk is getting old.
Good intentions doesn't mean jack if things don't add up. It's almost like listening to my teenage daughter tell me how she's in love and this boy is everything...all sounds good until he has to go to work every day, be responsible and earn a living...now that's not very sexy or fun.
With all the money the company says it has and is making, there is absolutely no excuse the pps should be at the level it is at today. If the company believed in itself, it could buy up all the shares it wanted, certify them, move them into the treasury and end all the BS. Instead, they ask us loyal shareholders.
Bottom line is, the ball is completely in the companies court. This stock is dead until the company revives it by trusting in itself. They have just about lost all credibility.
OR the reality is.....this is all one big joke/scam and all the naysayers as ruthless and ignorant as they are, can say I told you so once again. I guess many of them are already saying it.
I can't wait to hear the reason why they can't cover the guarantee after the first year.
OT I hesitated to respond to you because your comment was so utterly rediculous, as some of the other comments, but I think it is important that I do.
Simply throwing out percentages of poverty is IMO simply and unfortunately ignorant. While Panama has suffered in the past with very poor leadership and extensive abuse, they are doing everything in their power to turn it around. It takes years to overcome such poverty with the help of money and education. Sure, someone will wind up richer then someone else, but hopefully everyone will end up better off. There will always be poverty so long as people choose to be ignorant instead of working hard and pressing the opportunities set before them and to perhaps gain an education and better their lives instead of blaming someone else for their problem.
The American spirit is dying right in front of us all. It is being replaced by the mindset of entitlement. In the end, we all will lose.
Nice find, I bet all the naysayers ignore that post!
That's not completely true. Hmmm, I don't have a passport...and I do have an account. Guess there may be more to the story.
By the way, do you have a letter or something stating how Homeland Security feels or are you their spokesperson? That would be more helpful then just posting your comments.
OT So you're what is causing all this problem! LOL
If you copy and paste it into word or something you will be able to see it.
I wonder if you can sue your broker for refusing to certify ownership of shares?
If I go to a bar in mexico, and I spend $5 using my debit, how is the IRS going to determine if I am using money that was from capital gains or money that I already paid income taxes on?
Hoes does the person spending the $5 even know? The only way is to determine if the account that it came from is increased (the gain) and if you are spending that portion, otherwise it is just sitting there.
This is a very complicated issue.
Good Luck!
This topic reminds me of the old saying:
"If a tree falls in the woods with no one around, does it make a noise?"
OT So the IRS is a scam. And look at all the money they bring in!
Here's a good article on tax responsibility with off shore accounts.
http://www.irs.gov/newsroom/article/0,,id=105698,00.html
Mastercard and others have been doing this for years. IRS knows they are losing money in the billions. Doesn't make Mastercard guilty.
Do a search on offshore credit cards and read up.
Makes me think of a place that was known as Sodom and Gomorrah. OK...they didn't have the internet...but if they did. LOL