PNMS, Huge 17b Violation here
Posted by: TheBigKahuna
In reply to: Bigdogs who wrote msg# 51034 Date:3/17/2007 6:50:41 PM
Post #of 86646
Good Post Bigdogs and if anyone would read it and understand what the PR said (educated Investors) things might be clearer.
I do not say a lot on the board but have been here a good while and could not stand watching the honest investors both new and old talked into panic selling. Yes I would have liked to see AF too But I look at it much like my grocery store does. When they hit total button on the register and say your total is $50.00 they do not care where I got the $50 I am using to pay for my groceries they just want to know I have it and is it real.
The following are my logical conclusions and opinions of the cert/PDR Guarantee of the PR
1.-- All shareholders who request their certificates from their broker
I take this for what it says any shareholder who holds an actual cert in hand
2.and exchange those shares for PDRs issued by the Foundation
Joins the Foundation=Opens an account in Foundation Pan America which is a depository to hold assets for the benefit of the beneficiaries (anyone who makes a deposit of an asset (the cert). Note: In any depository Foundation, bank, IRA, or hat check stand you are issued a receipt. From this particular Foundation it is called a Pan America Depository Receipt (PDR)
3. and agree to hold them for 1 year
Keeps his receipt (PDR) for one year Note: by rules stated in previous PRs a PDR may be returned at anytime for the underlying asset it represents
4.will be guaranteed a minimum price of $0.02 per share
will allow you to sell it (no matter what the stock price is) for .02 cents per share.
5. or the current market price, which ever is greater
Or will allow you to sell it at $25.00 per share if that is the current market price
6. or the option to keep the PDR.
Or you may keep it if in your opinion the price will continue to go higher. Note: You cannot keep something if you did not have it in your possession in the first place which indicates to me that you have had the receipt (PDR) in your hand the whole year and could have redeemed it for your shares anytime you wanted to.
7. In addition each guaranteed PDR will be backed by Gold reserves.
The guarantee is for .02 per share minimum at the end of one year so the Foundation will have to have gold in any form deposited or held in an approved location of the Foundation in quantities large enough to pay every PNMS PDR holder .02 cents a share. That would be their fiduciary responsibility
Conclusion: I can request a cert from my broker open an account with the Foundation in my name only deposit the cert in the Foundation get my receipt (PDR) and do one of the following
1. Go on vacation
2. Change my mind and return my receipt for my shares anytime I want
3. Sell my PDR to some other member of the Foundation for $1 a share if that is what they want to pay
4. Sleep for one year and then return my receipt and sell it for whatever anyone will pay for it or worse case get .02 a share
5. Wait 2 years then fly to Panama lay on the beach sell 10k of my shares collect the cash put the 10k in my pocket and go home and repeat that process every month till my shares are gone
Or I can continue doing what I am now. Leave my shares in the current system which makes money off my fear and greed every time I buy or sell based on what some idiot paid soothsayer claims they know or can get you to believe. I have been long here for many months and the old adage comes to mind if you continue doing what you've been doing you will keep getting the same results.
I understand Foundations.
I know rich people have them.
As I understand the PDR offer I only see one option that has a major downside. Leaving it here
I wonder if any of us would be here if our parents had listened to Janice or Bishop explain where babies came from.
Shorty and the Basher
You have to know when they sold em,
They didn’t even hold em,
Know when they talk this way,
It’s bout to run.
You’ll never make your money from a bashers worthless fable
They’ll be profits worth countin
If we don’t sell shorty none
Never do anything half hearted TAKE TO THE MAX
