Not defending the claims made in those filings but they indicate that the principals have advanced funds as opposed to famulush's claim that it is a merely a "Pearlie/Winick sell shares to suckers stock."
5. During the last 2 1/2 Fiscal Years and the First Quarter (Q1) of 2006, Pearl
Asian Mining spent on start-ups, licensing, permitting, research, explorations
and developments all were borne directly by its founder and family.
2003 $ 50,000 USD
2004 $ 160,000 USD
2005 $ 457,707 USD
6. Pearl Asian did not receive any proceeds nor has it gotten any financial gain
during the huge volume trading of its PAIM Stocks. Nor did the company or its
large insiders ever dump any of its common stocks into the market and public
float from January 26, 2006 to the present.
7. Pearl Asian Mining spent an estimated cost on the following for the
Environmental Permits, Legal Fees, Certifications and Government Compliance
(Federal, State & Local)
2004 = $ 80,000 USD
2005 = $100,000 USD
8. Pearl Asian Mining currently employs 8 Full time employees and 16 Consulting
Engineers & Other Administrative Team Supports, combined. Within the next 45
11
days, it will be hiring more laborers of an estimated 20 skilled Engineers and 150
unskilled workers, to complete the manpower for the Gold Mine Sites called
“Operation Gold Finger ”.
Pearl Asian had designed a 3-150 tpd (tons per day) Small Scale Gold Processing
Pilot Plant. This is specifically designated for the Ancestral Gold Mining Claims of
the Indigenous Group of People: OPOL Gold Claim and the DANSOLIHAN Gold
Claim located in Cagayan de Oro, Misamis Oriental, Mindanao Island
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