KSW Industries Inc. (fka KSWJ)

[imiloa]

OT: calgarylady, re: PAIM

Below is a post re: PAIM I made to another board. I've been holding some token PAIM since the divvies last Spring. imo, Pure lottery play, much like KSWJ. ie: Could fizzle, or could explode. If one in ten lottery tickets explode more than 10-to-1, then you win.

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With no news update on the company, my guess is the recent rise was due to confusion around the June 15th debenture conversion.

ie: Folks with pre-conversion shares who sold after June 15th, only to find themselves having effectively sold short when their brokers tried to do the conversion.

I was skimming the PAIM board last week, and there were several posts from panicked folks in that scenario, who were forced to "cover."

Given the historic MM manip with PAIM, my guess is that the MMs knew the scenario and ran the price up to milk the covering for all its worth (bastards).

Nutshell, if it was just the covering, then the price could easily drift back down to 0001 again, especially if the company starts dumping shares anew (into the lower post-debenture OS).

Only sure thing with PAIM is that it'll be an interesting ride...