I found this on the PPINTL website...
"Because PanPacific International's company is currently a private company, brokers who are short AMNG shares will not be able to "fish" for PanPacific dividend shares following the December 31, 2010 record date as there will not be any PanPacific shares available to brokers (or the general public) until AFTER PanPacific qualifies for the OTCBB and begins trading on its own. Amergence shares purchased after the December 31, 2010 record date do not qualify to receive the PanPacific dividend. All dividend shares must be issued by June 30, 2011, the closing date of the dividend's distribution."
Maybe something will happen after this date?