sy working and looking for good low priced growth stocks!
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.
Plus there was wording in there about the company getting any judgements against Terrell. So the corporation would get dmages and monetary awards against Terell before individuals...I think that is what the wording implied??
Hey PepsiMan...I wish you good luck and a speedy recovery...no you don't know me but I will put ya on my prayer list...hey it can't hurt thats for sure...KP
It is possible but improbable...we just have to wait and see where this ends up???
Amen to that! Sometimes it is not if the glass is half full or half empty, it is about being happy that you have a glass at all!!....
Doesn't matter to me like I have said over and over here....I have allready written this off as a COMPLETE loss...so anything positive that may happen is a plus for me...Ca't lose more than I did allready here. So I chose to think positive on this one going forward...I have allready lost all I can here so who cares? It is a .0001 stock any lower is just pennies under the bridge. Lets give them the benefit of doubt, maybe they can pull a rabbit out of the hat?...
That may or may not be true, only time will tell.
Seems that way...there was something in the Board of directors meeting about using shares to pay debt to accountants; legal fees etc...so that may cause the issuance of more shares down the road unless they will use the existing float? Not sure about that, but for now it seems they are serious about getting things turned around.
This is copied from the mailing I received from PNMS verbatum: 4.Upon motion duly made and seconded, by a unanimous vote, the board decided unanimously that a one-for-ten shares reverse stock split will be implemented and that the number of authorized shares will be reduced to 1.5 Billion. The president and the Treasurer were directed to develop a plan for announcing such a split and for the implementation of tis decision. The exact date for the split has not yet been set. ( From the meeting of the Board of Directors ) which was held right after the Shareholders meeting. # 4 from the Sharehoders meeting reads: Upon motion duly made and seconded by unanimous vote, it was recommended that the board of directors approve a Motion concerning the prosecution of litigation ( civil / and or criminal ) based upon the above referenced claims against Michael Scott Terrell. ...those are just a few exerpts from the minutes. I am not copying the whole thing as I type with one finger and if you are a registered shareholder you should write to Panamersa or emaul Jim Finnegan and get a copy for your records...Have a Blessed Day...KP
Lets hope so...there is a chance here,actually two chances...slim and none! I am hoping for the slim chance.
Thanks Kharlamov, yes that sounds about right...will the PPS ever move from there?? Most instances a split like this is the beginning of the end. Time will tell....
Keep your friends close and your enemies closer!!!...Castro is toast....
If it went to .03 and you got your money back, I don't think I would sell it all...I was in at.02 some shares cheaper I forget now..but I think I got quite a few @.01...if this gets back up to the .02 level or even.01 then thigs are turning around BIGTIME and you had better stay in for a profit.With the 2 miilion I just bought at .0001 and .0002 I have averaged down my cost per share, that may help me down the road.....I don't think we will ever see that ( a profit ) but hell you never know...Maybe Finnegan will pull a rabbit out of Perdros Hat??? I doubt it though..Like I said many times I have already written this off as a COMPLETE loss so ANYTHING good that happens at this point is a big PLUS!!!
That was a letter from the Panamersa Corporation...I gave them all my information on how many PDR's I had and they have been in touch from time to time....Email Jim Finnegan and ask for a copy...did you send them all you information when they asked for it???.I did...If I had a scanner I'd email it to you...maybe one of the others that got it would be so kind if you asked them to and gave your email...
TOO LONG, and long enough to lose my investment..for me anything good is an improvement...I only know what the letter I received today said and what was posted...it was about 6 pages long...There is a ray of hope here perhaps but it is not very bright!!!
Well he is trying and no one ever gains anything when they don'y try. Jim seems to have gotten a staff of attys' and accountants working with him now so with things maybe opening up in Cuba and Pedro stepping up to the plate, we could actually go somewhere here IN TIME! Don't jump on me guys I am NOT pumping this here. I say agin it is VERY risky putting anything in this one...I just feel that there is hope and I for one will not bail out.
That IS the plan, I just read it over twice...I got the reports in the mail today. It is approved but no timeline of implementing the split of one share for every ten!
Yes, there will be LESS shares out there not more! This may be a viable investment at some point and yes you are right it will be a long time off...but hey I have a dollar and a dream. My hat is off to Finnegen he is at least trying to get it worked out!
I just got my mail and the information posted is accurate. It had the minutes from the shareholders meeting held first. Then it had the minutes from the Meeting of the board of directors. The situation is as we all know and there is a lot of work to be done, but they intend on getting things done as best they can...Thing I liked best is they plan to HANG TERRELL as best they can!!...It;s a wait and see and surely some dark days ahead; but these guys really want to get this company back together and in good standing. Time will tell where this goes...I wouldn't dump my shares...I held them worthless this long, seems no harm in keeping them and hoping for the best...The split is going to be 1 for ten, not 10-1 as someone else had posted...
Thanks Exorcist. Where did you find that??..KP
Thanks; and yes here we are at the end of October...I will email Finnegan and see what he has to say??
HI Tooth Fairy; can you share what you got today ( yesterday ) that you are referring to?? Also how bout a post from the guy who said he was going to the meeting!! I'd sure like to hear his observations of what went down!!
Thanks for the info guys, I didn't think one could do that, but then again I didn't think they could set up a fake PDR system either!!! Can someone post the source of this news?...Thanks; KP
O.K but where is the link to the statement that this is what they are going to do...a lot of talk but no links to the origin of the news that was posted. I have been unable to find anything in print saying this is the plan that Pnms is going to move forward with
Where did you see anyone say it was a good thing??? I don't believe you can reverse split a stock which sells @.0001...thats a s low a pprice as a stock can go so how can you split it 10 ways??...I think the post is a joke..
Well crapski; that would produce 60,000,000,000 correct? How can they reverse split 10-1 a stock that is priced at .0001?
This will surely generate some revenue to PayI...big step as Alibba is a like the Chinese Google!
Midas; have you heard from Pedro since the company meeting?? I'd say if you haven't now would be a really good time to do so...we'd love to hear what he has to say from his mouth to your ear. That would be great if you could let us know what he says, and your thoughts on what he tells you. Thanks Bud; KenPro
SaltLife; Did you make it to the meeting? Was Jim Finnegan present? What was your impression of him?? More importantly, How long did the meeting last, who was there, and what transpired??..Thanks I apreciate any answers you can provide...Ken Pro
Great question, I did not see this post...Did you make it to the meeting? I would love to hear what happened and how you feel about what went on??...Thanks
I wish I shared your enthusiasm, have you heard anything new on what is going on??.........Jim Finnegan said via email to me that he expects some news about the meeting to be released very soon. We will see when it comes out where we are more clearly I think??
Mayhaps it is and Mayhaps it isn't really I wrote it off as a loss long ago so I can only go up or stay flat from zero...Time will tell heck we may all get surprised...
I emailed Finnegan and he said there should be some news out soon as to what transpired at the meeting in Texas. Just have to wait and see on this one...I figure something is going on time will tell if it is good or bad!
I don't know about all those things, what I do know is I was out around 9,000.00. And I would like to hopefully someday get some of it back...If I just give up on that I have no chance of getting anything out of this resurrected company. I am sure there is some oversight over all this now as seemingly there wasn't before! Like I said I don't advise anyone to buy shares in this company! I bought some to cost average the shares I have from the Pre scam company...Maybe I can lessen my losses, maybe not!! Time will tell.
I just asked if you have a link to this Blog Pedro has...please post it...I am probably a bigger bag holder than you are!! I did not say anything good would happen here, in fact I doubt it very much! I just chose to try and have a positive outlook on things...hard to do here surely. Please put up the link where Pedros blog is...Thanks and like I said have a great day. To all out there let me say it loud and clear as obviously I have been misunderstood here. I DO NOT recommend buying this stock to you...I did buy a bunch today to average down my PPS paid in the past just in case the price does go up in the future..
I feel they are trying to foster growth in the Latin American markets. That being said I clearly said I don't know whats going on but I do know there are people working to get this company back up and doing whatever it is they plan on doing. Can you give a link to Pedros Blog? I don't know what it is but I sure would like to know what he has to say about this...He surely screwed up by letting Terrell run things while he was fiddling like Nero as Rome burned.Ultimately the head of the company is responsible for the conduct of his officers and Pedro seemingly was asleep at the helm...does that make him a criminal?? Not really, Terrell surely is, will this go anywhere?? Your guess is a good as mine...I say give em a chance..we all deserve at least that! Even Pedro, evidently Terrell was a friend of and trusted by Pedro. He scrwed Pedro over for money and a piece of ass...Guys do that to their friends sometimes...I hope someone catches up with Terrell and he gets his due. He was the crook!...If you think it is a scam then just stop following and posting about it...as for me I am taking a shot here...have a great day.
This company is not a criminal fraud. There was fraud committed by company officers in the past. The company has started trying to continue on by getting the accounting straightened out and coming into compliance in order to trade again. I relly doubt that the remaining officers went through all the trouble to get this back up and running in ordeer to scam everyone and go to prison. They are under srutinay after what happend with Mike Terrel and Theresa Rogers...I really doubt they are running a scam here...Will it go anywhere?? Who knows, but at this low price I just bought a few to average in on the shares I bought before the debacle!!! It's a pink sheets...not IBM...don't play with money you can't afford to lose!