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Re: TomThomas post# 62927

Tuesday, 06/21/2011 7:01:34 AM

Tuesday, June 21, 2011 7:01:34 AM

Post# of 105534
Well, I don't claim to do great DD, but the only company I found with a lifted chill (so far) is Pearl Asian Mining Industries, Inc. with Stock symbol: OTC common shares: PAIM)(OTC preferred shares: PAIMP). That was August 7, 2007.

They have since regrouped and are now known as ZNEXT MINING CORPORATION INC COM ZNXT: OTC (last price $0.004/share and market cap of 204.5 K)

They are now Caveat Emptor....

In order to get the chill lifted, they had to buyback 95% of their common stock!

Essentially, the chill (and poor management we can assume) seems to have destroyed any value PAIM (now ZNXT) ever had.

http://www.redorbit.com/news/business/1025934/100_completion_of_the_95_mandatory_buy_back_chill_lifted/index.html

http://www.otcmarkets.com/stock/ZNXT/company-info

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