Sunday, July 22, 2007 2:12:06 PM
No new "investors" will buy any of this shareholder-unfriendly Paim stock. A few old guys may buy some, thinking that there may be "a bounce like last year", and they will be bounced out of 95% of their new "investment" within 1 year.
Also, a few other Facts and Opinions.
Paim is at its all-time-low.
All long shareholders are losing money.
Everyone who is short is making money.
Insiders are ready to convert and dump Trillions of Preferred shares, and, as Insiders, they will be the first and only and huge sellers, after trading resumes, if it ever resumes.
And, here is the worst part. Since, (according to Paim's PRs, assuming that they are always Truthful, and Never Modified, and contain All Important Details), CDs and Preferred Shares are UNAFFECTED by this "buy-low-back". But, the open-market will treat it like a 1/20 reverse split, WHICH IT IS. EXCEPT, in a real reverse split, anything "convertible" IS AFFECTED.
Therefore, if Paim gets away with this "Not-Quite-Reverse-Split", there are now 20 times as many, immediately convertible, CDs and Preferred Shares. And Insiders own 77% of them, and Insiders can get theirs converted fastest, and sold first, if they "take an old friend to lunch". While all other non-Insider shareholders "experience unexpected delays", for a never-ending and overlapping series of minor "problems that will be resolved soon".
Anyone whose Broker refused to sell them more shares, should thank their Broker, and take him to the finest dinner, with expensive wine, and pay for the cruise.
Averaging-down is profitable, for shorters, only.
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