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Nothing on my end but we all know that news could come down on us at any time...I have been warning everyone to start buying again....Something COULD be up here and quick!!
GLTA
July 20, 2006
Pearl Asian Mining Mirrors Paivis Corporation
Paivis Corporation (OTC: PAIV) is currently up $.051 to $.215 on another heavy volume day. As mentioned in yesterday's blog post, the stock has surged an unbelievable 15,000% since May 22 on a massive short squeeze. Microcap investors out there are now purchasing shares of Pearl Asian Mining (OTC: PAIM) hand over fist, as its shares surge $.0011, or 183%, to $.0017 on outrageous volume of 1 billion shares. Investors believe that a similar situation in comparison to Paivis is underway. There might be some truth to that because on July 12, Pearl Asian Mining announced that it was close to completing the buyback of approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture (CD). Pearl Asian Mining has transferred to the Depository Trust Company (DTC) notes with a face value of approximately $27,000,000.00 which the DTC received on approximately June 21, 2006. However, PAIM has not received any of the 27,000,000,000 common shares of the buyback. At this point, the shares bought and sold in the market should only equal the remaining 10% of Pearl's issued and outstanding shares. However, the company believes that some of the DTC's participants, i.e. brokers, have failed to notify their clients, which has resulted in many shareholders selling shares short. It looks as if there could be another share imbalance and that brokerage firms are yet again caught in the middle of it all. Let the short covering begin.
July 20, 2006
Pearl Asian Mining Mirrors Paivis Corporation
Paivis Corporation (OTC: PAIV) is currently up $.051 to $.215 on another heavy volume day. As mentioned in yesterday's blog post, the stock has surged an unbelievable 15,000% since May 22 on a massive short squeeze. Microcap investors out there are now purchasing shares of Pearl Asian Mining (OTC: PAIM) hand over fist, as its shares surge $.0011, or 183%, to $.0017 on outrageous volume of 1 billion shares. Investors believe that a similar situation in comparison to Paivis is underway. There might be some truth to that because on July 12, Pearl Asian Mining announced that it was close to completing the buyback of approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture (CD). Pearl Asian Mining has transferred to the Depository Trust Company (DTC) notes with a face value of approximately $27,000,000.00 which the DTC received on approximately June 21, 2006. However, PAIM has not received any of the 27,000,000,000 common shares of the buyback. At this point, the shares bought and sold in the market should only equal the remaining 10% of Pearl's issued and outstanding shares. However, the company believes that some of the DTC's participants, i.e. brokers, have failed to notify their clients, which has resulted in many shareholders selling shares short. It looks as if there could be another share imbalance and that brokerage firms are yet again caught in the middle of it all. Let the short covering begin.
I have comments..
What ever became of this?
HOUSTON, Jan. 5, 2006 (PRIMEZONE) -- Northamerican Energy Group Corporation (Pink Sheets:NNYG) announced today that it has entered into an agreement with Trinity Energy to work collectively to explore new business opportunities in the energy field in the Midwest.
We ever hear any more on this?
HOUSTON, March 3, 2006 (PRIMEZONE) -- Northamerican Energy Group Corporation (Pink Sheets:NNYG) announced today that it signed a lease agreement in December, 2005, with the Trustees of the Benoit Estate to acquire 100% of the working interests in a lease in Pecos County, Texas.
Whatever became of this?
HOUSTON, April 11, 2006 (PRIMEZONE) -- Northamerican Energy Group Corporation (Pink Sheets:NNYG) announced today that, given the capital resources our agreement with Golden Gate Investors is providing, contracts were executed on April 7th with Well Enhancement Services (www.wellenhancement.com) to begin the Radial Jet Horizontal Drilling on the first two of many wells, the initial work on which is scheduled to begin at the end of April.
We are headed into August with no follow-up...and no update on the investor newsletter since May 16th.
Jon, throw us a bone..:)))
Well, according to the "rules", they are required to report..but does that mean they will? I wonder what the penalty is if they dont?
NASD Rule 3360 has been expanded to require NASD member firms to report their short positions on all over-the-counter ("OTC") equity securities to NASD Regulation, on a monthly basis. Once the short position reports are received, the short interest is then compiled for each OTC security.
Firms are required to report their short positions as of settlement on the 15th of each month, or the preceding business day if the 15th is not a business day. The reports must be filed by the second business day after the reporting settlement date. The short interest data is compiled and provided for publication on the 8th business day after the reporting settlement date.
agreed
GLTA!
The first number is current shares short..
Really doesnt matter IMO..LFWK can stand on it's own!!!
GLTA
4.5 million in the past..so it says....
http://www.otcbb.com/dynamic/shortinterest/shrt200607.txt
OTCBB says no shares shorted here.??
Hey brikk, Thanks!! LMAO!!
Shorts covering? Havent seen this up volume verses down volume in a long time.
http://www.profitspi.com/stock-quote/aurc.aspx
Thanks,,,,need more coffee!!
from july 12th,
CEO Steve Sulja states: "The share increase is for reverse mergers only and will be restricted when issued. The company management is very excited about the upcoming public releases. Our shareholders will be very happy."
Today they say no reverse merger going forward so will the shares STILL be restricted if issued, which was the original idea.
Thanks! I thought so...very good for us.
Great op to load up IMO....
GLTY
Thanks 2c....got a lot or reading to do...Glad I bought 50k more yesterday..:))
Someone clarify this,
Tomorrow is the day all short positions have to be shown in detail per new SEC or NASDAQ reg?
So what your saying is AURC's reserves can be used as collateral to finance up to or over a 1 billlion dollar project if they so choose? WOW!
Any IMF link will be appreciated!
Make that 21..:)))
Having 19 computers at my business and 2 at home helps..LOL
That was before NWOG entered the scene.
Yep.....The Hezbollah of message boards.
As we all do...Thanks for the "insight". LOL
bobrainey300,
check his profile..His favorite stocks are "cheap ones". I'm sure you can read between the lines here.
No excuses here,
Parkin's willingness and trust to speak with stockholders was betrayed by manipulators, flippers, and liars who twisted his words with half truths and innuendo and then spread them all over cyberspace.
Malyshev has put a stop to it and ordered a PR firm to handle any further public communication. Has Parkin made a few mistakes in his willingness to give out info? In my opinion he has..I also feel he has learned from his mistakes to not be so trusting to who he speaks with.
This is what is called a backlash..When a persons openness is abused and manipulated, they take measures to protect themselves..
IMO, they are working hard on the business plan to increase revenues and shareholder value, uplisting and finalization of the merger. It is obvious they are confident in what they are doing since they are not releasing BS fluff Pr's.
Those who are confident will hold for the final outcome and those that have doubts will sell. NDOL's plan has always been to make profits..not appease shareholders in the infant stage..If that sounds ruthless, so be it.
No need to be humiliated.
It's good to know you have no questions concerning the merger, name change, exchange change, etc., Good to know you are as confident as the rest of us longs and on the same page.
Thanks for the clarification.
GLTY
Buck,
Do you have a phone?...Have at it and let is know what you find.
Rook, just remember that AURC was manipulated all the way down to .013 on Jan. 10th, 2006. Also remember what happened after that..:)) Anything under .15 is target for me. Hang in there..this is a "process"..go with the flow and take advantage of it...
GLTY
right on....LFWK is ready to break IMO!
GLTA
Keep your chin up, rook.
Excellent post, as always, Brent.
LMAO!!!! It's called Karma...
give him a call and report back..You are hereby ordained..
"the NDOL dirt digger"
run along and let us know what he says.
Thanks.
do you mean "attorney"? What Attorney?,
I thought that was your job? go dig up some more ghosts and report back.
Just a common sense solution...
I think they do Dr. I dont believe their intention here is logical discussion.
Thanks tr8dervic,
I just added 40k more to my pile of gold.
IMO, this can trade anywhere from $1.53 to $2.14....Going down to $1.53 is not very likely as that is support...BUT..If it hits $2.15, next stop is $2.43.
GLTA
Hey nettles,
I dont think so...thats the resistance I was talking about in post 250.
BENZ