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Although I agree, I still see a chance:
If we are really being bought (or was it just a pump to dump those shares, just as the 'buyback' or the 'deal with the CD holder...), we would still get 0.0003 per 50 million TFN is sold for.
50 million for TFN -> 0.0003 per BKMP share
100 million ... 0.0006.
Now the bad news is that we are probably not worth 50 million at this point in time.... or are we?
will we make a red cent? or a green dollar? (according to Sandy?)
look at the bright side: our market cap just doubled!
They did not have them at that point in time. Read my previous posts, about a month ago... and the more recent one on the subject. I don't post that much, so it shouldn't be that much work...
You really think that desimplex just hands over 20% of their shares just because they trust 'em??
At that point in time, 30th of july, PNMS didn't own any share of desimplex.
You will see in the Q3 finacials how it went...
Great post and thanks for all your DD.
You say MT is a scam...what does that mean? Is PNMS a scam too. Do you think the money they claim to own is real?
I'll open a board where you can only participate if you mail me your certs, so we know you are a shareholder. I'll wire you the money for it.
they are with PNMS. Don't know what the are working on...
About those posts: it seems that the issues with desimplex have been resolved. Everybody is happy and commited to the deal. If you want to know the details you probably need to wait for the Q3 financials.
doesn't matter...but the new CEO should put out a PR that this is the problem he is working on. And he should include a timeframe for a solution.
While he's at it, he might as well include a plan to restore the unsollicited state at pinksheets.com.
You still holding? You think you will still make profits from those 0.0004's?
I'm sorry, but no matter what the financials will tell, it will not matter. People don't believe it, it's as simple as that. If they did believe it, we should be at 0.01 at least.
If they would give you your money back, that would be a better signal.
As far as I know (and I know from different people), no accounts in europe (at least in belgium) had their shares restricted in any way. It was up to the owners of the shares to know that you could only sell 5%. Probably lots of people made mistakes. (Imagine that you have a sell order at 0.004 and you go on holiday...)
exactly...GO HRHR! Average down!
Should be packets of 400 million now at 0.0001!
indeed I was!!
Thanks...
I'm don't need to argue about what I said. You believe it, or you don't, not going to spend more time on this.
Terrell and Pedro are going to spain somewhere this month to talk to desimplex. I'm pretty sure that if it doesn't work out, you'll be hearing about it. If you don't here anything, things got resolved.
he's not fonzzz...
again: if that is how you read the mail, there is no problem indeed...so I'm happy for you.
I just wanted to note that I'm as dissapointed as anyone about this. In the beginning of this week, I was still a shareholder, but too many things happened:
- my info (whether you believe it or not, but I believe it)
- snickerkes info
- the PDR selling by the company at 0.0025.
- people not getting their money back.
I don't trust MT and his crew anymore... but maybe we should respect him: he has taken 'stealing from shareholders' to the next level: hypnotize them and make them send you their shares.. (there is no proof for that yet, so lets call it my opinion)
ok, last post about this:
I stand by every of my previous posts.
Whether the contract is oral/verbal or not does not really matter. I heard it was only a verbal contract. I still believe that. The mail you got today does not deny or confirm that...but again: that is not the point.
The point is that the content of the contract is like this: PNMS would pay 240K USD/month to desimplex. This should have started in march/april.
At this point in time, not a single payment(except 10K) was received by desimplex, thereby already missing out on about 1 million dollar. The mail confirms this. If it is not clear from the mail from desimplex, contact them again to get a clearer answer.
Secondly, PNMS stated that is HAS OBTAINED 20%. This is not true. If they would fulfill their side of the contact, they would be on a path to obtaining it. This is also confirmed in the mail.
Finally: the mail is a polite response to a question from a shareholder. But you can imagine that they are really pissed at desimplex since they're waiting for their money thay long...
okay what?
would you expect him to tell something else to a person he has never heard of before? The mail was just politely answered.
it means that he doesn't see a reason to break the relationship they have I assume.
Well, apparently they answer mails at desimplex, so you can mail them yourself and say that the received message is not a 100% clear. Ask the following:
1) does PNMS own 20% today
2) has desimplex received any payment today
3) should a payment have been received according to the contract?
fine, if that is what you read in the email, I don't have an issue with that.
sorry?
The rumor has just been confirmed!
Surely, there is some difference on how they respond to a question 'officially' and how they talk about the issue internally. I'm already surpised that they confirmed it.
The mail states that they haven't received anything today. Whether or not the contract is verbal is not really the issue here.
So you have confirmation of:
- PNMS does not own 20% of desimplex
- desimplex is waiting for the money.
Now check with MT if they're lying too.
Well that is great news than, isn't it...
We'll see very soon who lies...
And MT will have to forgive me my spelling errors: I'm not a native english speeker, so sorry for that.
I'm not making anything up. But I should correct some things:
1) it seems that desimplex has indeed received 10K in Q1 for expenses.
2) It seems that this is indeed in the Q1 report. Only the 5.4 million is not clear why it is booked.
3) the statement: PNMS has purchased 20% is false. It seems that the deal is going to be off (unless they start paying) and they have not received any percentage of desimplex yet.
4) The deal was indeed verbal. In my opinion that is a mistake on the behalf of desimplex of course. However, the verbal promises were never implemented.
5) one poster(snickerke) has confirmed the story. ( I knew he had the same info), but another one (PEC) apperantly got confirmation by calling desimplex.
6) I don't know the history of the PR: they probably agreed on a joint PR back when everything seemed fine.
If you think this is made up: go ahead and buy some more, they're really cheap right now...
whatever... do with it what you like. I'm not going to argue about it or spam the board with it. I just thought it is useful to know.
NEW DD: PNMS vs desimplex...
In the last Q report, we can read that PNMS inversted 5.4 million dollars into desimplex and that they own 20% of desimplex.
The truth however is slightly different: today, desimplex hasn't received a single dollar from PNMS. They had an oral deal where PNMS was going to pay 240K USD per month to desimplex. PNMS has never paid however.
Now, PNMS is trying to convince desimplex to take shares instead (0.5 billion shares, in PDR).
People at desimplex are getting tired of not being paid. That is one of the reasons why no bugs are fixed on the PDRexchange.
Today, PNMS has still 0% of desimplex shares.
Also, desimplex still has all rights on the software. If the situation doesn't change soon, they may decide to take the PDRexchange software back.
I can not tell you who my source is, but this comms directly from desimplex's management. I know at least one poster here can confirm my source is reliable.
I can confirm that the company sells PDRs for 0.0025. I was made the same offer.
post of the day!
what is your ask price?
that's too bad... we need money coming back from the PDR.
Anyway...it'll come back.
The nice thing here is that you can not loose!
I don't want to get my certs and send them in, but in case the price doesn't go up to 0.01, you can always get your certs and get your 0.01 from the pdrexchange... A little bit of trouble, but what the heck...
Can't understand people selling now, even for 0.004.
Thank you for that answer. It all makes sense I guess...
Why am I not part of the PDR: I'm european and it seems that it might be a little bit harder for us to get the certs. And if we get them, we have to mail them to the US to convert...
So it all seems to be a lot of trouble that I want to avoid.
I think many other people want to avoid all of this as well.
We just want somebody to pay 0.01 for our shares, here and now, without all the converting stuff. A lot of people will probably even take 0.008 if you get it cash in your regular account and don't need to go through the convertion.
But if the pink market price fails to follow the PDR price, I will consider to convert. Others will too.
Right now, we still have a credibility problem with the company it seems. Why else would people sell today in the range 0.0019-0.0025...
Hopefully these guys are able to improve their credibility and reputation soon...
I do not understand why anyone would want to hold their PDR's in this stage. Even if you believe in the company. The smartest you can do is sell all your PDR's, buy 4 or 5 times as much shares on the pinks and convert them back to PDR's.
As long as the PDRs trade way higher, it is your moral duty to sell them. You can believe in the company, but that is not a good enough reason to say no to all the money you can get for free.
Btw: if you don't do it, others will.
The 2 markets will converge to the same price. Either the PDR market goes down or we go up. This can not last very long.
why not?
Sell 6500 at 0.01 and buy back here at 0.0025 and convert back to PDR....that should give you 4 times the original amount of PDRs owned... no?
I agree...but I don't understand why you would keep your other 6500 PDRs...you can trade them in for 26000 PDRs right now...
Ok, so why do you not invest 180K back in the market here and buy another 72 million shares and take them over there?
Even better: why don't you sell all your PDR's (that would be close to a 1000K) and get some more certs from the pinks?
That is obviously the best you can do.
Why are people that sold PDRs not buying more certs here?
ok, I know about the 2 billion. But those are restricted. Do we know anything about the restriction? Are they just restricted because PDRs were not tradable? Will they become available next week? If so, you would not expect them to be sold for anything less than 0.04...
But that still leaves the point: apart from those 2 billion shares (restricted), there are no shares to be traded next week. If we get an expanation on how to convert, it will at least take another week before those shares are really converted. So we should not see any trading until a week after the explanation on how to convert your shares.