I think you are 100% correct.. now is that any way for such a fine upstanding (uplifting?) company to act?
Pearl Asian Mining Industries, Inc. Implements Reverse Split of Common and Preferred Shares with Record Date of Nov. 19, 2007
Friday November 16, 10:00 am ET
Reduces Authorized Common Shares to 20 Million and Authorized Preferred Shares to 80 Thousand
Brokers, note CUSIPs and new symbols
3rd Quarter Unaudited Financial Report Available at www.pearlasianmining.com