4Godnwv appreciated
All is well IMO, Spain is part of the European Union which IMO will do better than the US Makets. It also opens a whole other line of networking for the PDR Exchange IMO.
MT, Pedro and IR are doing a good job.
****************************************************************
Good Afternoon PNMS shareholders,
I had a long conversation with MT on Wednesday night. While he would not give me specific information, especially regarding timelines, he did say that progress was being made on several fronts. I came away from the conversation with the opinion that the exchange will be up and running soon. Those who have access to the exchange are probably well aware of how close they are to trading again and what the actual status is. While the exchange itself is public knowledge, the beneficiaries trading on it are not, i.e some info is never going to be made public knowledge.
The recent posts of the Moneda site seems to confirm my impression that they are also getting closer to a simple solution for moving cash in and out of the fundacion. Again, if my understanding is correct, they have done a very clever job of setting things up so that members have access to info, while 'outsiders' are left in the dark and coming to the conclusion that nothing is going on.
MT mentioned that he had been spending quite a bit of time in Spain and that there were opportunities that could/would benefit the PDR exchange. Again, he would not give specifics, so neither can I.
We spoke briefly about who is selling (I have my opinion) and who is buying, a question that some never seem to want to broach. There are several possibilities and each person will have to come to their own conclusions. It is entirely possible that no one is doing either. It is also possible that there are buyers taking shares at this level from whoever is selling (again I have my opinion but I did not get it from MT) Think Spain.
As for the company selling, MT asked the same question that I have. Why? (At least at this level)
I have heard numerous theories concerning all of this, but the only one that makes sense would be intentional manipulation to depress the share price while someone loads. Again, this is all conjecture on my part and needs to be weighed accordingly. Those that believe the company is selling here, after a season of issues that have caused the pps to plummet will have to judge for themselves if their theory makes any sense.
I also asked about Jim Finnegan and what his role is/will be. I think that his former experience in real estate is going to pay off in a couple ways, including ongoing and future projects in Panama, Costa Rica etc. I have only spoken to Jim twice, but was impressed with his knowledge of the markets in general. There is little doubt that he has significant experience as a trader. I am sure that anyone else that has spoken to him has come to the same conclusion. He talks like one of us. I mention this because I have spoken to many CEO's over the years and few of them have any idea how traders think.
There have been somewhat laughable claims by some that insider info is being passed around. I want to address that issue from a personal perspective. MT has always been cautious about what he tells me. There have been numerous times when he would not give me an answer and in fact has said on more than one occasion "I can't tell you that." You just have to 'listen' between the lines.
I cannot say what (if anything) he or Pedro have said in private to others, but I consider my friendship with MT to be significantly closer than some here who claim to have been given 'insider info'.
I want to address one final issue. There have been several posts questioning my absence. I simply have no desire to banter with a handful of non-shareholders that use message boards as a hobby. Neither am I inclined to offer constant reassurance to disgruntled shareholders. I also reserve the right to question and to disagree with the company if I so choose. Being the moderator does not negate my right to voice my opinion (positive or negative). Neither does it obligate me to be pro PNMS on a daily basis.
