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calgarylady, re: The stock could just be consolidating this week...
Agreed, though personally, I wouldn't mind it stalling here a bit longer. I have 2m at 0.0006, but given clarity on Anderson and the other principals, I would definitely add some more when I cash out of some other positions.
eg: If the ongoing USXP rally makes a nice run.
lakedweller2,
Note that my link to the painter was a joke. I've Googled a fair bit for the name George Anderson in oil/Canada/etc... And the most logical candidate is the Deputy Minister. If so, imo, this would give the company much stronger credibility and encourage me to accum more shares at current price levels.
Oddly, Anderson did not answer my request for this confirmation.
For ref, below is the email I sent, with Anderson's replies inlined (marked with ">>> George Anderson >>>"). He replied to questions 1 and 3, but not 2, about his identity.
Don't know why, given that it could have been a simple yes/no reply. I followed up with a second email, asking specifically that one question and info on other principals. Will let you know what I hear.
-----
1) What are the current values for float and outstanding shares?
>>> George Anderson >>> 325,000,000 and 175,000,000
2) Is your president, George Anderson, the former Deputy Minister, Natural Resources Canada in the links below?
George R. M. Anderson, Deputy Minister, Natural Resources Canada
http://www.energy.ca/users/folder.asp?FolderID=3219
http://www.imperialoil.ca/Canada-English/News/Speeches/N_S_Speech041129.asp
If not, can you send more background information on your personnel? This would be great information to add to your web site, for researching investors like myself.
3) Do you have a rough sense of when you will file the EM-100 process patent?
>>> George Anderson >>> in process
.
Thank you for your time. From your recent PRs, it seems your are on the brink of tremendous success. I look forward to investing in your company, pending more clarity.
btw, I love the fact that we have these strong rallies on **no news**. It just seems laughable how manipulated this stock is.
But if we can make money in the swings, who are we to complain...
;)
Leole, big buyer definitely had a nice return. But it doesn't seem clear to me that s/he knew it would rise today. ie: The trading pattern was similar at 0.015 and 0.012, and dropped from both of those.
Today's pattern is much more indicative of the bottom bounce we've seen in this stock before earlier (2006) runs.
That said, maybe the buyer knew that today was the day the MMs would run it back up (ie: a tip-off from a friend in the biz). So s/he decided to get in yesterday in case it ran early this morning.
Regardless, I'm just happy to see it climb again. Was starting to think we might need to wait for a few months to break upward again. ie: New PRs.
Bounce from here?
No way to tell, but the trading pattern today (T/S & L2) looks similar to the patterns at the other bounce points. ie: Maybe the MMs have got their fill of "cheap" shares again and are ready to ride this back up?
Leole, your logic seems very sound.
Seems clear the buyer was not a MM, as a MM would probably have had some sense of the continued plunge today.
No telling where this will bottom. Seems to have bounced off 0.0076 with some decent buying spurts. But I saw the same at 0.015 and 0.012.
Only time will tell. Long term bounce does seem promising if the company's new biz initiatives pan out.
Hopefully KSW's president, George Anderson, is:
George R. M. Anderson, Deputy Minister, Natural Resources Canada
http://www.energy.ca/users/folder.asp?FolderID=3219
http://www.imperialoil.ca/Canada-English/News/Speeches/N_S_Speech041129.asp
And not:
http://www.rockportartist.com/artist.htm
I mailed KSW IR, asking for more information on their personnel.
Overall, this seems a very promising stock. I'm in for 2m at 0.0006, and just need more clarity to invest heavily going forward. If the story pans out, this could be a stunning return, both near and long term.
Of course, you're right. I wasn't thinking when I replied. Well, would definitely be nice if there really is something for someone to know!
I'll make a deal with you. Sell all your shares to me, and I'll split the 500% rise with you. ;)
Or someone was dumping and they needed to sell above the close to dump all their shares.
No telling where it's heading. I'm still holding 300k of my 0.0005 shares just to see what happens.
If they company can show actual revenues from their recent new operations (eg: Dubai PRs), then this could rally again.
>>>
7 & 1/2 mil shares bought @ .0098
12 minutes after market closed. Sombody knows something.
>>>
My sense is that KSWJ will drift in the 20-40 range until more info about the patent and LOI is posted. Currently there is nothing tangible in which to invest, just the hope that the patent will be accepted and the industry will not have a better technique available before KSW moves fwd.
On the upside, we should know within a couple months, as once the patent is initially approved, KSW can start marketing the process under "patent pending" status.
Chevy,
Note that I said it seems likely it's a scam, simply from the connection to DoM. To ignore that is to believe one of the following:
1) The connection (whois address & names) is an improbable coincidence.
2) That this is the same Pearl Asia, but she has "found God" and changed her ways.
3) This is the same Pearl Asia, but she was working undercover to nail DoM (yes, farfetched, but posted here as a theory recently).
Personally, I distrust penny stocks until proven trustworthy. And PAIM hasn't done much to bolster my confidence yet. eg:
Rick seems eager enough, but definitely not a professional polished communications/relations specialist, vis his diction & stylized text.
As I said, time will tell. But I, personally, need a lot more convincing that PAIM is a legimate company before I'd be buying at any price. Well, except to flip in a quick momo run. ;)
>>> chevyrider:
The company is a complete scam sell all your shares to me for .00005 before we go out of business. LOL
>>>
If the company is dumping shares, you have the bigger issue that the CEO lied when she denied this.
The only positive rationale for the massive selling at 0.0001 is MMs naked shorting to keep the price down. But why would the do this? ie: Further expose a short position at these levels from which 0.0000 is the next retail trading price.
They would just be setting themselves up for major pain unless the company folded (meaning they didn't ever have to cover).
With the connection to DoM (Jim's whois info being the most compelling), any logical mind needs to weigh the probability of this company being a complete scam. Note that I'm not asserting it is a scam, just saying it seems likely to me, given the evidence from the whois lookup and DoM's history.
Only time will tell, and longs at this level may still profit on some pump/dump run. But blind faith is clearly not advised.
>>>
Take it for what it is worth but not really concerned about the past I am more concerned with the present situation and the fact that it looks as if the company is dumping shares. Maybe to raise the 2-5 million dollars they needed to progress with the mines.
>>>
That said, still may be worth a flip if they intend to drive it higher.
Question being: Why the press release below if they didn't feel they could run the price higher?
a) Just to convince retailers that the short squeeze potential was real so the could dump more shares at 0.0001 this week?
b) To prime anticipation for a future pump/dump that retailers will imagine to be the squeeze?
Only time will tell how the cards play out. In the meantime, kudos to Jim for exposing the whois connection between PAIM and DoM.
-----
http://biz.yahoo.com/bw/060320/20060320005931.html
PASIG CITY, Metro Manila, Philippines--(BUSINESS WIRE)--March 20, 2006--Pearl Asian Mining Industries Inc. (OTC:PAIM - News) today requested that Shareholders entitled to receive their preferred shares dividend to contact their stockbrokers on March 31, 2006, to request for the issuance of the actual Preferred Share Certificates to be registered in their name(s), and to take delivery of those preferred shares.
ADVERTISEMENT
The reason for this extraordinary action requested is due to the belief by Pearl Asian that one or more market-makers and others may have shorted PAIM shares without first borrowing shares, creating a large naked short.
Nice DD, Jim:
http://www.investorshub.com/boards/read_msg.asp?message_id=10269502
http://www.investorshub.com/boards/read_msg.asp?message_id=10270514
Based on that and the DoM fiasco, it does seem very likely that the dividend was a pump to churn shares at a higher value. Time will tell, but I certainly wouldn't be surprised to see the company evaporate before the planned "road" is finished. ;)
mikesharen, re: "Even if Pearl was involved in the DOM, let's look at the big picture.
"
http://www.investorshub.com/boards/read_msg.asp?message_id=10271264
That definitely seems a stretch, assuming Pearl was working undercover to thwart her *husband* in the DoM scandal.
Seems much more believable that PAIM is just another scam designed to generate revenue for the group.
Which makes me wonder: mikesharen == Rick? (PAIM IR)
re: Americanbulls, candlestick analysis seems pretty iffy when there are only 3 possible prices for the stock (0001,0002,0003).
ie: When it closed at 0003, that was simply the last trade after a couple 0002 trades. So could have gone either way, but has a major impact on the "analysis."
imo, With PAIM, you either believe the story or you sell. Personally, I'm willing to give them the benefit of the doubt, since the story sounds great, and I only had to pony US$2000 for 10m shares, soon to be 10b with dividend.
Until we move into a trading range with more granularity, the only TA I'd consider following would be based on how many shares bought/sold at each of our three current possible prices.
Time will tell with this one. Unless the picture changes dramatically, I'm fine letting my $2000 ride a couple months til the roads are done. If nothing progresses therein, we'll know it was a scam. If the roads and build-out turn out to be legit, 0003 will be a distant memory (imo).
PS: JimB, where in BC are you? I live in Seattle, but was in Nanaimo two weeks ago en route to Hornby Island to dive with the sea lions. Beautiful countryside.
Nice end of day. Broke the sideways drift of the past few days. Not a lot of volume behind the rise, which suggests the weak hands are out now. Looking fwd to Thurs/Fri...
Well someone seems to be controlling the matching. I had an active 8m @ 0.0002 limit order for 5 days (ending yesterday) and watched several trades at 0.0001 go through, despite mine. A flat, purely computerized system would have matched the 0.0001 sellers to my 0.0002 buy. Vis the number of other folks here who have posted the same reality.
So either the broker channels can't connect to each other (unlikely), or the broker dealers (effectively MMs) are printing trades intentionally.
This is simply logic. And realistically it makes complete sense. At these price levels, the stock is ripe for very lucrative manipulation. Daily trading range is 1x-3x.
For my part, I got my divs on my 10m existing shares, so am fine to ride this out from here.
CC playing right now. Link in center of USXP website:
http://www.usxp.com/
They will probably post a recap in PR when it's done. Watching T/S while I listen. Lots of buying while it plays. Should be an interesting week from here.
9m blocks @ 0.0002 AH. Weird... [EDIT: added price for Billy)
Starting at 16:11:10, a series of 9m share blocks @ 0.0002 starting trading after hours, each a few secs after the previous. I just watched 30 of these happen (300m shares), and they're still coming as I type.
This seems odd, too regular a pattern for AH retailers. Maybe the MMs balancing their books amongst themselves?
Any thoughts?
KSWJ moving. Up to 0.0026-28 now, from 0.0006.
I don't have L2 for this pink, so just watching T/S and TA charts. No idea where it's heading, and the company does seem like a sham from the cookie cutter website:
http://www.kswindustries.com/
Time will tell. Anyone else have L2 for this? And/or more info on whether the company/product/patent application are all legit?
I've called and written to IR, but haven't heard back yet.
Looks like the MMs want to walk it down again today. Large blocks hitting the ask (retailers), but tiny blocks hitting at/below the bid. eg: 5000 @ 0.149/0.147 (9:49am) when bid is at 0.15. Who buys $75 worth of a stock like this, under the current bid? Not someone paying commission, eh?
On the upside, check out glassy's TA chart. He makes the triangle pullback pattern very clear.
ie: My take: MMs are walking it down to load up for another up-leg.
But, of course, that's just a guess. The company's had some interesting new biz PRs recently, but still have 6b shares outstanding and no booked revenues yet, so hard to tell if it deserves more than a $100m market cap at this stage.
Time will tell. I'm waiting to see how today plays out. Maybe bottom on Mon/Tues next week?
What do others think? Glassy?
Agreed that this may be a complete scam stock. As a pink, it's hard to DD. Website is flimsy and IR hasn't returned my calls/email. (Or IR may be swamped with pings?)
For ref, via whois, the website is registered to the IR contacts in Ontario, Canada. But the contact phones are in NYC. Fishy? Or just a consulting company handling the calls? Haven't been able to tell yet. Anyone know more?
Also, haven't been able to determin O/S and float. Anyone know?
After the plunge from 0.10, after seemingly positive PR, I bought a couple million at 0.0006 just to see what happens. Just spiked to 0.0025, seems to have paused there, only time will tell. I'm going to hold for now.
Seems likely a scam, but if it goes up, I can't complain.
Maybe another USXP, if the company is legit.
Company site:
http://kswindustries.com/
Several recent PRs, including intent to file patent, and letter-of-intent for possible contract:
http://finance.yahoo.com/q?s=kswj.pk
OT, repost: Looks like KSWJ may be another USXP?
I posted the bit below in my msg, but realize folks skimming might miss it. KSWJ dropped from 0.10 rapidly, after seemingly positive PR. I bought a couple million at 0.0006 just to see what happens. Just spiked to 0.0025, seems to have paused there, only time will tell.
Maybe another USXP, if the company is legit. Downside is that, as a pink, it's hard to DD. IR hasn't returned my calls/email, so may just be a shell scam (or they may be swamped with pings). Seems likely a scam, but if it goes up, I can't complain.
Company site:
http://kswindustries.com/
Several recent PRs, including intent to file patent, and letter-of-intent for possible contract:
http://finance.yahoo.com/q?s=kswj.pk
Glassy, thanks for the chart TA! Very useful!
OT: Looks like KSWJ is moving back up today. No idea whether it'll shoot. I got in at 0.0006, so am going to wait it out.
Maybe another USXP, if the company is legit. Hard to research, and IR hasn't returned my calls, so may just be a shell scam. Seems likely, but if it goes up, I can't complain.