Ya, I think you guys are right given this from another July news release.
"Pearl Asian Mining commends the DTCC led by Danielle Harris for working diligently in cooperation with the company's transfer agent AGN Associates & Stock Transfer Services, LLC to making our company's re-organization transition run smoothly and effectively. We appreciate and commend Ms. Harris & Mrs. Alice Navas who worked so hard and tirelessly to make this mandatory buy back fully executed, that almost 95% of the PAIM Common Stock had been fully accounted for," exclaimed CEO Jason Piamonte."