I chatted with Gary last night on Yahoo Messenger...stated that they are up and running. Said that the road to the mine took a hit during the typhoon. Didn't mention any other damage.
No hesitation or BS tone in his messages...I still think that PAIM is for real. They were just over zealous early on and now we are all programmed to expect answers and results yesterday.
Clearly this is all my opinion but I am still long and still think this thing is going to rocket...when? I don't know, but a little negativity isn't going to make me sell my ticket to the dance.
Simply put this dilution is called corporate "greed"
Websters says........: a lessening of real value (as of equity) by a decrease in relative worth; specifically : a decrease of per share value of common stock by an increase in the total number of shares
Geaux Fish-- I agree 100%. The only way to make money on PAIM with this kind of dilution is to flip it on their short runs. It will never hit a penny until the diluting stops. How does an investor know that more dilution is not in the near future? This seems to be their primary method of raising cash. I will say good luck to all longs because I use to be one. I plan on selling on the next short run. The last run of significance hit .004. I will sell between .003 and .004 if it ever gets that high again and buy back on the retracement.
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