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Re: Psionic Trader post# 1112

Wednesday, 07/25/2007 9:55:12 AM

Wednesday, July 25, 2007 9:55:12 AM

Post# of 6222
PNMS SCAM UPDATE.

After investors were told the highly vaunted promises of audited financials were not coming because it "would be illegal" in Panama for the company to provide an audit (can you believe anyone would believe this BS?), investors are now being told that PNMS can not wire the funds they are owed from selling PDRs at the new PNMS PDR exchange because "It would not be legal for any foundation members to be identified through these wires".

Investors were pumped on the idea that they could buy PNMS stock here in the US, convert it to PDRs by signing their stock over to the company, sell the PDRs in Panama at a 6 to 10 times mark-up and get the funds wired back to the USA. Now, quite conveniently, the company has changed its tune once again.

This is a warning. PNMS is a big scam. Any money you invest in that scam will likely be lost if you are not very nimble and sell your stock into any of the bogus rallies the wash traders put on in the stock. There is and has been little real volume in that stock from the outset. It is a one legged pink that has been manipulated by people who are buying and selling amoungst themselves to create an illusion of real investor interest.

There is no big short postion as the fat lard butt gluttonous CEO has tried to claim.






We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution

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