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the source back then was the CEO. Now he's going public with the story....
well we'll see what he can come up with.
All I know is that it is not the first time someone claims to be scammed by PNMS. And Pedro has a very similar reaction last time.
Actually I think this is good news: hearing from Juan that they received 50K shows to me that at least they have some money over at PNMS.
That was my understanding at the time... now I'm hearing they do have it on paper. Where did the 10K you refer to come from?
from sources at PNMS no doubt? Desimplex claims they should have been paid 250K a month according to their contract....
The 5.7 million is also something you can find back in the PNMS books if I remember correctly. Seems that it was written in the books, but never made it over to spain...
as I understood it, the initial agreement called for payments to DeSimplex of $10,000 per month beginning in May
So you have seen their contract?
glad to hear you're not worried. You think someone will buy your shares for 0.01 at the PDR exchange? If they can buy it over here for 0.0001 .... don't think so. But there is always the guarantee of course. MT is going to buy your shares for 0.02! if he's still around...
Indeed! since this is such a wonderfull, reliable company you can not imagine anybody selling right? So it has to be shorting.
Bad news: there are 28 BILLION shares ... well at least 20 without the restricted
no doubt about that...
But on the other side HRHR has pumped a lot and made a lot of promises that never happened. (huge news coming ... bla bla bla ... but nothing ever came).
Also his PPS predications are not very good.
And he bought into this heavily before Sandy raised the OS to 30 billion, so Sandy doesn't tell him everything
glad we agree...
I also agree with you that the software from desimplex was absolutely worthless...
And Severs Ties with Desimplex...
Funny how they manage to explain everything. It was actually desimplex who pulled their software offline and severed ties with PNMS because they hadn't been paid for anything.
Somecheck with Terrell whether they own 20% now? I have a feeling they don't...
buyback? didn't they announce a buyback too?
Do I see correctly that you are actually stating that you can get your money if you pick it up in person, in panama?? ... and this makes it a valid exchange...
Seriously?
I see... I wasn't aware of that. So they are not thieves after all, you can go and pick up your money...Maybe I should start believing in this again...
lets hope so...
That's a great idea: think about how much money you could get if there would be a way to get your money of the exchange.
Unfortunately no such way exists...
That is the whole point of the PDR exchange: make people dream and buy more stocks...
It's more like: if people wouldn't sell at 0.0001...others couldn't buy at 0.0001
while we don't have much action: is anyone watching TFN? Do we have (lots of) commercials already?
They injected money, we did not, so the only thing the news means is that we don't own 17% anymore.
The good news is new money for TFN to expand.
thanks for that info.
1.25$ a month still gives us 500K a month = 6 million a year from subscriptions alone.
great article!
->financier Ed Nordholm, Mr. Burger said the channel recently topped 400,000 subscribers in Canada.
Can you count?
I don't know what a subscription actually costs, but lets say it is about 10$ a month....that means 4 million dollars a month in revenue... that means 48 million a year. That's better than the 500K from last year, isn't it!
new exchange up yet?
ok...but the problem is that the issue of the payment was not once addressed publicly. Officially, we don't know anything... he could have changed that. Tell us it will be another month is better than not telling anything IMO.
fully agree with you.
If they would do even a tiny bit of decent management instead of reading message boards, we would be doing a lot better.
I expected him to say at least something about all the people waiting for their money. He could have said at least that he is aware of the problem, and that he is working on it.
Secondly, I don't believe the 4 billion. As if people are sending in their certs massively now that we've all seen that you can't get your money back....yeah right!
I know better ways to beat the shorters: get some decent management, don't lie to people and do as you said. That should be a good start.
Secondly, while you have all that money, show us some audited financials, move to OTCBB .... or even: buy back some shares and go to AMEX. There are companies there that have less revenues and profits. I bet we'll do well over there....
But no..instead they go wining and crying about how they are the victim of corrupt markets and shorters... very sad!
agree..
In my opinion the new CEO missed a perfect chance to turn things around. MT had zero trust and respect left, so the new guy should have put out a PF immediately, indicating the problems and showing that he was going to work on it.
Just showing that he arrived and things are going to change...
He should have...but didn't...
weren't you going to create a report of your trip? Or did I miss that post? or is it still coming?...
according to the books these funds are held within PNMS. It are assets of PNMS and PNMS controls them.
Of course, PNMS itself is controlled by Pedro and the foundation...so the funds come from the foundation and they decide what happens with it.
But still: if they are assets of PNMS and there are revenues of PNMS, that can be audited without disclosing details of the underlying companies.
which will not allow third parties to access the information that would be required to conduct the audit.
The only information that needs to be accessed are the bank accounts of PNMS. The only thing that needs to be audited is that we indeed received x million dollars from y. There is no reason why PNMS can not be audited.
For an audit of the PNMS financials they do not need to disclose any information on the underlying (private) companies. They just need to audit that they indeed received 'x million dollar from a company'. The financials as they are presented now could be audited as they are...
That is not correct: PNMS is a holding company indeed, but it gets real revenue, cash and profit from the holding companies. That is at least what we see in the financials.
Those revenues and cash belong to PNMS, the american company, we own shares in.
These financials can perfectly be audited (or filed with the SEC to start with) without breaking any law. Only US law applies to them.
The fact that they don't do that (with all that cash) is at least suspicious.
I understand it more as if there is no buyout at all...
If there would be a buyout, TFN would be with another company, now it sounds like there is just a new investor.
Buyout would mean that all our TFN shares are bought.
There are no options: or you don't reduce the ownership, but than you need to come up with extra investment money, which means more shares (as that is the only source of income for BKMP)... or you let other people invest in TFN, but than automatically your stake will be reduced. (third option would be that TFN does not get any extra investment from anyone, but then it might go broke...)
Also the fact that we will hold 5% makes me believe the buyout is just a lie. Just a PR for the pump.
We probably just found a new investor, hence TFN will have more shares, hence we hold a smaller percentage.
Good news is: new money for TFN. Bad news is: we hold 5% of a company that has revenues of 500K in 2006 and we have to split it over 30 billion shares.
Nope: CD shares were dumped on the market immediately. Sandy was pumping with all good news, they were dumping. The top of the dumping was when the buyout news was announced, and they kept on dumping after that until we hit 0.0001.
Since Sandy lied about the "deal with the CD holders" and he lied about the "buyback", it would not surprise me if the buyout is a lie as well. This was a pure pump and dump.
I understand that and I have been patient for almost 2 years now. Another 3-5 years is just a bit too much... Certainly if that means we will be at 0.0001 untill then... but I see what you are saying.
I think 3 - 5 years is when you will see things really pop."
"Yes in the 5% range is probably about right."
Is that good news?
6) He thinks the shareholders will come out with sonething
How was he saying that? Does he believe that that will be the case, or is it more like "yeah, maybe...with some luck ..."
Or is it: as things are going know, shareholders will come out with something.
pennies are not realistic anymore I guess...so you were right and SW screwed us all.
He screwed us, he screwed HRHR and he screwed those people that converted.
But I would be happy with 0.0003 now