Wednesday, August 01, 2007 1:04:26 AM
This is not a surprise, because every year, paim achieves another new-all-time-low. And, it always will, because it loses more cash every month, and keeps "donating" to its personal "charities", which are fully-funded by those who buy and hold paim's shares, of which 90-95-95+% disappear every year, every July.
There is no chance that paim will ever make a PROFIT, in spite of any "revenues" , after deducting all expenses and salaries and "donations" and predictable bad weather and maintenance and re-building and "security expenses" and unreported "inventory" and any other stuff.
paim's "$4000-worth" of 50+year-old-abandoned-mine-shafts were worth more as defensive hide-outs, when they were dug-out, during WW-II. Until 5 years ago, when paim started selling "shares" .
Does anydon believe that any flipper can predict the future of paim? Any better than the 77% owner, and constant diluter, and PR author, and only voter for paim's annual "buy-back" ,
for less than 5% of the "market value" ?
( By The Way, ANY ENFORCABLE BUY-BACK MUST BE
AT-OR-ABOVE THE RECENT, AND MULTI-MONTH,
HIGHEST RECENT PRICE. )
( Last year's "buy-back" snuck through, because paim just 'traded' for 5-YEAR ZERO INTEREST CD'S. But, this year, paim just took 95% of all 'shares' , at 5% of their 'trading price' . And, it will "work" again, if no longs object, just like last year. )
If paim "runs" this year, it will probably run from the US investigators, and the US sweep may/should include all of paim's assistants, especially those who have any US local assets, because those are the easiest to collect, especially from those who have claimed, publicly, to have "profited" , from this 5-year-paim-game, and intend to continue.
Averaging-down is profitable, for shorters, only.
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