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Post# of 114953
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fonzzz

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fonzzz

Re: was StockSniper post# 87508

Tuesday, 08/21/2007 4:59:00 PM

Tuesday, August 21, 2007 4:59:00 PM

Post# of 114953
That is not correct: PNMS is a holding company indeed, but it gets real revenue, cash and profit from the holding companies. That is at least what we see in the financials.
Those revenues and cash belong to PNMS, the american company, we own shares in.
These financials can perfectly be audited (or filed with the SEC to start with) without breaking any law. Only US law applies to them.
The fact that they don't do that (with all that cash) is at least suspicious.
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