Why did Jacob's bother mentioning this? he blames it on the shorts? I blame a broken business model created by Jacobs, and (I use the term loosely) consultants
About Amergence Group's Large Short Position
According to share shorting experts, www.Buy-Ins.net, almost a half-billion Amergence shares have been shorted since August of 2009, with the majority of those shorts sales occurring in the past 6 months (http://finance.yahoo.com/news/BUYINSNET-Updates-Amergence-pz-3048794993.html?x=0&.v=3). The Company and Buy-Ins.net believe that a handful of brokers have yet to purchase millions of AMNG shares for orders they have previously "sold" to their customers. Obviously, Amergence only intends to pay dividends to brokerage firms based on brokers' actual purchases and not "ghost" purchases that appear only as a broker's customer entry but not actually represented in a broker's inventory. Because PanPacific International's company is currently a private company, brokers who are short AMNG shares will not be able to "fish" for PanPacific shares following the December 31, 2010 record date as there will be no PanPacific shares available to brokers (or the general public) until PanPacific qualifies for the OTCBB since shares of AMNG purchased after the December 31, 2010 record date do not qualify to receive the PanPacific dividend. Brokers who are currently short AMNG must now eliminate their short position by purchasing AMNG in time for the December 31st settlement date in order to guarantee that all their customers receive the correct amount of their earned dividend.
PanPacific International's dividends should begin showing up in qualifying shareholder's accounts beginning the week of January 11, 2011 and continuing until the dividend has been issued to all qualifying shareholders. All dividend shares must be issued by June 30, 2011.
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