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| Posts | 31415 |
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| Alias Born | 04/04/2006 |
Wednesday, July 19, 2006 11:28:12 AM
people are loading up on .0005... hold your shares for a bit and see what happens... if this was gonna go down it would have sunk alredy.. and as i posted before the compnay will not make any more shares... i will copay and paste the info i got from the company.. and any one who would like to check it out call or e-mail the company your self... it about 2-3 days to get a replay.. so everyone can do it if they wish..
==============
Good day, "Investor".
PAIM does not plan to issue more shares now or in the immediate future. This does not make good business sense, considering that the buyback was done precisely to reduce the outstanding shares, and enhance shareholder value. As regards current O/S, post buyback, we cannot give an exact number until after the buyback is completed, i.e. when DTCC transfers to PAIM all of the 90 % or approx. 27 Billion shares bought back. PAIM shall issue a PR once the buyback is completed, and we will let shareholders and the public know how many O/S are remaining by then.
Regarding selling of Convertible Debentures (CDs), this may be done in two ways. One, a market will develop for the CDs in the near future, though we cannot say when this will occur, in the Yellow Sheets. Once that happens, the CDs can be freely traded there. Two, a shareholder may choose to convert his CDs to common shares, at a rate of $0.01 CD for every common share, but this conversion can only be done after the buyback is completed. The PR on completion of the buyback will also include a procedure for the conversion of CDs to common shares.
But then again, a shareholder can also opt to hold on to his CDs and cash it in by June 15, 2011. PAIM has set ambitious targets for this year and bright prospects for the medium to long term, please refer to last item on FAQs in our website, by clicking:
http://www.pearlasianmining.com/faq.htm
I hope this clarifies.
Thank you for your interest in PAIM.
Best regards,
Gary Gotanco
VP-Bus Dev and IR
PAIM
From: ".xxxxxxxxxxxxxxx
To: IR@PearlAsianMining.com
Subject: Investor question
Date: Mon, 17 Jul 2006 13:08:24 -0400
I have a few questions so if you could please answer it will be greatly appreciated. First does Paim plan on making more shares and selling it (dilutions). And if the answer is yes are they doing it right now or when do they plan on doing it? What is the current O/S of the company? And when the dentures can you please explain when and how I may sell it and how long does it need to be held to sell? Thank you for your time..
==============
Good day, "Investor".
PAIM does not plan to issue more shares now or in the immediate future. This does not make good business sense, considering that the buyback was done precisely to reduce the outstanding shares, and enhance shareholder value. As regards current O/S, post buyback, we cannot give an exact number until after the buyback is completed, i.e. when DTCC transfers to PAIM all of the 90 % or approx. 27 Billion shares bought back. PAIM shall issue a PR once the buyback is completed, and we will let shareholders and the public know how many O/S are remaining by then.
Regarding selling of Convertible Debentures (CDs), this may be done in two ways. One, a market will develop for the CDs in the near future, though we cannot say when this will occur, in the Yellow Sheets. Once that happens, the CDs can be freely traded there. Two, a shareholder may choose to convert his CDs to common shares, at a rate of $0.01 CD for every common share, but this conversion can only be done after the buyback is completed. The PR on completion of the buyback will also include a procedure for the conversion of CDs to common shares.
But then again, a shareholder can also opt to hold on to his CDs and cash it in by June 15, 2011. PAIM has set ambitious targets for this year and bright prospects for the medium to long term, please refer to last item on FAQs in our website, by clicking:
http://www.pearlasianmining.com/faq.htm
I hope this clarifies.
Thank you for your interest in PAIM.
Best regards,
Gary Gotanco
VP-Bus Dev and IR
PAIM
From: ".xxxxxxxxxxxxxxx
To: IR@PearlAsianMining.com
Subject: Investor question
Date: Mon, 17 Jul 2006 13:08:24 -0400
I have a few questions so if you could please answer it will be greatly appreciated. First does Paim plan on making more shares and selling it (dilutions). And if the answer is yes are they doing it right now or when do they plan on doing it? What is the current O/S of the company? And when the dentures can you please explain when and how I may sell it and how long does it need to be held to sell? Thank you for your time..
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