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overachiever

07/25/07 9:55 AM

#1113 RE: Psionic Trader #1112

PNMS SCAM UPDATE.

After investors were told the highly vaunted promises of audited financials were not coming because it "would be illegal" in Panama for the company to provide an audit (can you believe anyone would believe this BS?), investors are now being told that PNMS can not wire the funds they are owed from selling PDRs at the new PNMS PDR exchange because "It would not be legal for any foundation members to be identified through these wires".

Investors were pumped on the idea that they could buy PNMS stock here in the US, convert it to PDRs by signing their stock over to the company, sell the PDRs in Panama at a 6 to 10 times mark-up and get the funds wired back to the USA. Now, quite conveniently, the company has changed its tune once again.

This is a warning. PNMS is a big scam. Any money you invest in that scam will likely be lost if you are not very nimble and sell your stock into any of the bogus rallies the wash traders put on in the stock. There is and has been little real volume in that stock from the outset. It is a one legged pink that has been manipulated by people who are buying and selling amoungst themselves to create an illusion of real investor interest.

There is no big short postion as the fat lard butt gluttonous CEO has tried to claim.





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overachiever

07/25/07 12:33 PM

#1116 RE: Psionic Trader #1112

LMAO! PNMS is now the Hotel California of penny stocks.

From the PNMS board

Posted by: StockSniper
In reply to: darrengus who wrote msg# 81881 of 81879 Date:7/25/2007 12:01:14 PM
Post #of 81891

You mean "from" the ex? I don't think it's a problem wiring money into the ex......It seems they don't have round trip tickets available. Money checks in but it doesn't check out.