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Art2Gecko

06/12/06 1:49 PM

#8288 RE: Jim Bishop #8287

lol, that is just hilarious.
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7 of 9

06/12/06 1:49 PM

#8289 RE: Jim Bishop #8287

There is still nothing going to happen.

http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=PAIM&OTCBB=False

Pearl is on drugs.

Nothing will happen on the 15th.

"Stop Transfer" does not exist. Wont happen.
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agapespreader

06/12/06 2:03 PM

#8293 RE: Jim Bishop #8287

Excuse my ignorance, but is that even legal?
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d indian

06/12/06 2:11 PM

#8295 RE: Jim Bishop #8287

JIM, must admit, never seen Friday's announcement,till read your post,THANKS.Heres a silly question ,have either you or MISS JANICE,EVER HEARD OF A BUYBACK WITHOUT USING REAL MONEY?Kind of feel like playing with monoply money,banker ends up taking all money and assets.This debenture thing as going through,is going to create big problems,for other investors in PINKY HELL.All companies will have a way out.Screw up,sign a promissory note and keep on selling.

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Wayne R

06/12/06 4:16 PM

#8315 RE: Jim Bishop #8287

Was just reading that news, that's, err, well, um, bizarre

Near as I can tell, everyone gets worthless paper they can't trade, but get to sleep well knowing their paper appears to be worth more than they paid for the stock
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janice shell

06/12/06 5:40 PM

#8321 RE: Jim Bishop #8287

After a lengthy meeting with NASDAQ, DTC and our transfer agent,
it had been confirmed that there is no X-Date or record date for this
buy-back exchange.


That would be the case if Pearl were proposing an ordinary buyback. If it were an ordinary buyback, the company just announces it and then buys stock on the open market from time to time.

But since that's not what she proposes to do, how's she gonna get her hands on all those shares? If I were a brokerage, I most definitely would not remove 90% of a client's PAIM holdings without a very official directive from a legitimate authority.

By "legitimate authority" I do not mean Pearl.