OPEN LETTER TO PAIM MANAGEMENT: (it needs individual investors' approval).
There have been a lot of controversies on Dilution and Share Float. In addition, some people have been asking for credibility. Therefore, I would like to submit a proposal as follows.
1. PAIM needs to clarify the share numbers: Total shares float consisting of how many in the market float (Investors, MM and others) and Owned by PAIM.
2. PAIM needs to clarify that the company does not dilute shares as suspected by some investors.
3. PAIM needs to assure its investors that PAIM will not release any more shares until the price per share increases little bit. For example, 0.0002-0.0004.
The reasons that I submit this proposal openly are
1. Other shareholders may add or exclude to the points above. Please, if you do not have any PAIM shares, do not comment.
2. Many investors have become nervous and have been taking small losses to dislodge their PAIM shares. In the long run, this will not be good for the company health and credibility because people are talking.
3. PAIM has generated approximately $ 3 million by releasing 15 billion shares to the market if the average price pershare is around 0.0002. Personally, I understand that mining exploration will need a lot of investment and PAIM may need a lot more capital than what it already earns. However, PAIM should consider some "take and give". Investors have invested their monies in PAIM shares. Considering the current circumstances, it is time for PAIM to 'give back a little bit" to keep the momentum. For example, by assuring the investors that it will not dilute more authorized shares and will not release more shares that it owns immediately.
4. PAIM needs to realize that many lives are counting on it. First of all, the people in the Philippines where the prospective mines and precious metal processing will be conducted. In developed countries such as CANADA, US, Australia, Europe and Britain, losing couples of hundred dollars may be compensated for a week or two jobs but in the developing country such as the Philippines that may mean a year of income. Second, the lives of some small investors who have worked hard to earn their monies to buy PAIM shares. They need also to see some movement in their investments.
Third, it is for PAIM credibility. Personally, I believe that this company has a future. However, if PAIM fails to show its credibility to small investors, it is likely to affect PAIM future and PAIM may loss the momentum.
5. I hope that clarifications from PAIM will help many people but more importantly, I believe that PAIM will get helped the most if its image significantly improves to attract more investors.
6. I also ask the investors to be patient, polite and reasonable when dealing with PAIM. There are many investors who are willing to be served and PAIM may have only limited resources to allocate for the investors. IMO: One indication for this has been the willingness for PEARLASIA to commit her time and energy to answer questions so that the company may save its financial resources for other needed operations.
For PAIM investors, please let me know your suggestions and sign this open letter by Saturday, April 29, 2006 so that it can be submitted to PAIM (I ask that Mr. Odiaz would be willing to help to submit this open letter) so that we will hear something around early May, 2006. We need to get this out as soon as possible to keep the momentum going.
NOTE: this is just a thought from me. You do not need to agree BUT if you do, please sign your name below and re-post this open letter. I will then summarize it before giving the final draft to Mr. Odiaz. Sincerely, Aussie.
Signature,
1. Aussie.
2. Daddyboo
3. Menny Penny
4. GUS13417
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