PAIMP .0002 no bid 14.2 TRILLION FTd's Unknown Float due to shareholders converting into Common stock "Under 22 Trillion"
PAIMP DD
PDF from Pearl Asian Mining explaining PAIMP O/S
http://www.pinksheets.com/pdfservlet?id=10754
PR of PFD Issuance
http://www.allbusiness.com/services/...4315253-1.html
Forum about PAIMP
http://www.marketmillionaires.com/ho...rated-illegal-....
PAIMP I-HUB Board
http://www.************(edited for t...?board_id=8686
Other Paimp Sites and Info
http://pennystocksignals.com/forum/i...8;sa=showPosts
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JMCP, SMMW, QBID, PAIMP, GWGO, CCNG, UNQT: BUY @.0002 or .0003=1000fold...
Forget about buying at .0001
Buy these at .0002 at least! Or .0003 - and the bottleneck is broken!
Easily going to .01 up to 1.00 on the gold stocks PAIMP & GWGO
Philippine Govt. part of PAIMP & it's even on the German exchange now...
JMCP & SMMW have been shorted for over a year! .0002 & .0003 bids are the key...
QBID requires alot of investors at $1000 each. But this is a media stock with old money in it.
I won't post on these again so get them ASAP. Marketing on these have been awesome.
God helps those who help themselves: What would you want? Ten million shares of each @
.0001 and wait another six months or more till a reverse split? Or 5 million each at .0002 and
these take off to .01 and higher? In other words, be dumb at double the cost - to get 1000
fold! Wisdom hath spoken! Tell everyone the same!
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http://messages.yahoo.com/Business_&...w?m=tm&bn=1792....
http://millionaires.proboards86.com/...=1177109883&am....
http://www.stockhouse.ca/bullboards/...ll=0&TableID=1
http://www.ariva.de/abwarten_t251806?pnr=3312503
http://albertthegreat.com/
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Maltpense Media Culture, Faith & Science Blog
June 30, 2007On The Nature of The Hierarchy of the Sciences and Philosophy ~ and On The Order of Tutoring Each.
{Thank you! Only Very Serious Academics Perceive That I Did Not Really Expect Even One Donation! How Very Insightful Of Everyone}{Do NOT Donate - $1,000}
Sci-Fellowships?
Maybe Someday:
JMCP? SMMW? UNQT? PAIMP? QBID? CCNG?
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http://catalog.lim.com/help/index.js...es_3aGlobalIns....
http://www.stockhouse.com/bullboards...ll=0&TableID=0
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What is this stock Worth and what will it be worth if the samples pan out?
If someone has a billion shares, could they really become a billionaire? I understand the brokers can only handle 5 million shares per trade, it that true?
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http://www.indexsignal.com/vb/showthread.php?p=663375
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اسف على الانقطاع لفترة طويلة
لقد استلمت شهادة من PAIM اليوم عن طريق TdAmeritrade و مرسلينها على UPS
الشهادة طبعا يمكن استلام قيمتها كاملة في عام 2011 وهي بقيمة 1,000 دولار لكل 1,000,000 سهم
بعد توزيع اسهم شركة النفط و الطاقة, السهم ممكن ينطلق و خصوصا اذا اعلنوا عن اكتشاف كميات ذهب ممتازة
ان شاء الله هذا السهم فرصته افضل من غيره و مصداقيته اكثر
موفقين
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PAIMP ON PROFIT LIST!!!!
http://www.profitspi.com/symbol-search.aspx?s=ASI
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Symbol Description Stock Exchange Last Close Price Date
PEARL ASIAN MNG INDS OTC 0.0002 6/29/2007
PAIMP info / charting on profitspi.com
http://www.profitspi.com/stock-quote/paimp.aspx
PAIMP On HOTPENNYSTOCK LIST!!!
http://www.thehotpennystocks.com/Sto...c=otcpicks.com
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More info to come.:D I do like the edit button. It allows the poster to use minimal posts to convey information. NOTE TO ADMIN--- Please keep the edit button active to save space JMO, great new site. Very nice.
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PAIMP DD PROVING 14.2 TRILLION FTd'S
Feb 10th to May 15th 2006 ALOT Of volume went on... Add those up, and multiply it by 1000x, you have the position. 700 million shares would exchange in one day during that time period at the price of .0001--- the exact price PAIM complained about in a PR suggesting illegal shorting
I went ahead and added up the days, some might be off or missing since it was rather crude. But these are in the millions
13
43
340
77
542
74
94
60
1
31
905
939
2
3
5
311
389
321
294
66
159
180
230
221
272
95
228
778
90
134
788
584
877
500
200
300
405
192
427
216
232
48
500
200
61
291
141
769
Total 14,247,000,000 illegally shorted shares @ .0001, Times one-thousand (forward split) = 14.2 TRILLION possible illegally shorted shares residing in PAIMP out of 22 TRILLION OS ( Which is less now b/c of PR stating most had converted)
What happends when shorts want to cover 14.2 Trillion shares when there has been a majority of shareholders converting into common shares? There wont be enough out there and the price will sky rocket. Supply and Demand.
Its just a matter of when, not if.
Pearl Asian Mining Industries 'Naked Shorting' Victim
Business Wire - March 09, 2006 06:00
PASIG CITY, Metro Manila, Philippines, Mar 09, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (Pink Sheets: PAIM) Reports: In attempting to determine why certain market makers seemed to have an apparently unlimited supply of shares offered at $.0001, the company's Investor Relations Officer Richard Miller stated the following:
"Pearl Asian Mining will not do a reverse split in the foreseeable future. The Company believes that a reverse split would decrease its market capitalization, thus helping market makers that nakedly shorted the stock to more easily buy back shares to the detriment of all current shareholders and the company.
"It was discovered that the unsolicited market making activities of its common shares for the past several days of two market makers quoting the stock on an unsolicited basis had mostly held the price of PAIM stock at 0.0001 for those days.
"When the dividend distribution occurs on March 31, 2006, market makers that nakedly sold shares short will not be able to deliver the 1000 preferred shares for every common share shorted to the designated shareholders."
The Company is encouraged by the recently published rules to take effect before the end of this coming summer that will allow the public to have knowledge of the number of shares sold short in companies traded in all OTC.
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This was released just prior to the PFDs. Look at the .0001 number describing the illegal activity. All trades noted in the timefram in the above message were done at .0001
Originally Posted by 3DCyclone
Is this the reason that the PAIMP shares are not being traded by some brokers?
In my opinion, yes. I read something about the DTCC not being able to put the illegal brokers name on the certs, because the traders name owning the stock was on the certificate. When a brokerage turns you down for depositing your cert, or turns you down for selling your cert, they are doing just this. THEY ARE CHEATING!!!
If you dont have your x amount of shares deposited, then the broker can ASSUME your part of the float as their own when it comes time to cover, which is immenint now thanks to the change in the grandfather clause. This lowers the cost of their "Bill"
So its simple to see why we are having such a hard time with the PFD's, its a way for big brother to stay big and the little fish to stay small.
Interesting read....
Yahoo! Message Boards - Business Opportunity Board - Serious Investing: PAIMP, SMMW, JMCP, QBID & CCNG - $1000 of each?
Serious Investing: PAIMP, SMMW, JMCP, QBID & CCNG - $1000 of each? (Not rated) 27-Jun-07 06:31 am Buying PennyStocks: PAIMP, JMCP & SMMW
Buying PennyStocks: PAIMP, JMCP & SMMW are all moving with popular support. Blogs are all aware of these 3 - along with QBID & CCNG -
and PAIMP & JMCP are really on the move.
The great news about buying PAIMP is that the holding of it by brokers has been limited now by the DTC. Market-makers must buy once the general public bids for it. And PAIMP has been getting bids at .0002
JMCP is big in volume again this week and often the bid or ask is at .0002 as well.
SMMW & QBID post real numbers and the word is getting out about these more popular penny stocks every week
So just as the popular blue chips are talked about every day and night on business news programs, so too the popular penny stocks now have a voice due to the internet and hundreds od blogs and chatrooms.
A dollar per share for PAIMP, JMCP,
SMMW, QBID & CCNG? Buy a few million shares of each at .0003 and see. But most investors will sell at a huge profit way before these will reach a dollar per share. Who will hold tight until the "big buck"
PAIMP, JMCP, SMMW, QBID & CCNG
Use Ameritrade, Etrade, Scott, Charles Schwab, or any other big
penny stock broker/dealer. But make
sure you ask up front if they will
allow pink sheet trading!
More about my experiences with paimp.... Good read abroad!
I first got my cert, worth 125m, I tried to have it deposited into Schwab. I called them, had the numbers checked out first, and they said to either send it in or bring it down to the office. I brought it to the office in Tampa, where I was almost robbed of 124M shares. The numbskull entered 125k instead of 125M (Only three zeros short). After that, I brought the reciept back to him and requested that he change it back at once. Well after about 5 min of trying, he then told me that Schwab won't accept these shares. But they would accept 125k of them just fine???? MAKES NO SENSE
Next, I tried E*Trade.. They accepted them, and deposited them just fine, all 125M. I placed a sell order online, and recieved the message, "No online orders for this security". So I called in the order, had the broker place a small sell order of 1m @ current levels, and the trade was placed. I got a call a few minutes later saying that it had been cancled, and the party calling had no idea why. I called back ETRADE and asked why they had canceled my order, and they said it was a DTCC restriction that had been placed on the stock. So I called back again, when I saw some volume with paimp a few days into its trading. They again insisted that it was a DTCC issue and to sit tight.
Trading is still commencing months later, and I call back ETRADE again. I asked them how can the stock be trading if the DTCC is restricting its trade? We had multiples of hundereds of thousands, sometimes millions, of shares exchange at multiple price levels for a couple of days. NOW THEY SPIT OUT THE TRUTH. It wasn't a DTCC Issue, it was a ETRADE restriction on the stock not allowing it to trade.
I can't find any brokers out there that will take my certs and be able to sell/trade them. ANy help is appreciated.
So you've got two of the biggest brokers playing gotcha games with paimp shareholders. This is awefully smelly, dont you agree? Fits perfect with the Illegal short theory. Sounds to me like they are trying every tactic possible to delay the payment of their illegally shorted funds. Too bad the grandfather clause stepped in and ruled that they MUST PAY!!!!!!!!!!! Next post will be an approximation of the day all will cover on paimp.
JMCP+PAIMP+SMMW+QBID+CCNG=$1000+Invest+In>Each?
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JMCP+PAIMP+SMMW+QBID+CCNG=$1000+To+Invest+In>Each?
JMCP=YES - PRONTO
PAIMP=YES - Just starting to trade - .0002 to .0005
SMMW=SOON - Very popular in waves...
QBID=LongTerm - Often huge volume
CCNG=Very well liked stock
JMCP + PAIMP + SMMW easily .01+ in 6 months
Because Paim common shres were up to .005 and PAIMP is convertible preferred into
common if desired.
Of all, I like PAIMP, JMCP, & SMMW the best. Then CCNG, then QBID
But the order could be reversed or mixed: }
Cheers.
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Last edited by PAIMP,JMCP,SMMW,QBID : 06-15-2007 at 05:42 AM.
JMCP+PAIMP+SMMW+QBID+CCNG=$1000+Invest+In>Each? - Penny Stocks: Penny Stock Picks and Talk at The Penny Stock Blog Forums
Lots of chatter about paimp elsewhere, just do a google search for "Paimp"
Pearl Asian Mining Industries Issues Clarification on 15 Billion Projected Increased Public Float of Its (PAIM) Common Shares
Current Issued & Outstanding Public Float Remains The Same!
Pearl Asian Mining Industries, Inc. with Stock SYMBOLS: U.S.A. (OTC:PAIM); (OTC:PAIMP) reports: Investor Relations Officer Jeffrey A. Bosaw, explains and clarifies concerns and issues about the projected increase of approximately 15,000,000,000 of its issued and outstanding common shares:
“I know that a lot of PAIM shareholders are upset, or do not understand the float increase, that I projected last week. A lot of people are converting their preferred shares which are being added to O/S float. In 2006 last year, some people converted their CDs which added to the float also. What concerns me most is that the preferred shares have been converted, or are being converted now. I have been receiving many phone calls from brokerage houses, and investment firms from all over the place, wanting information on how to get the preferred shares converted, that are in their clients’ accounts and the numbers are staggering way beyond what was issued.”
“The 15 Billion that I mentioned the projected float could be by the end of June, is a maximum calculation, it should not be that. The current float still remains the same. We announced this now, so people did not get upset with the company, trying to say we were hiding it. We want to keep our shareholders/ investors informed of what is going on right now,” reports Bosaw.
“Going back to my concern about all the extra preferred that are being claimed out there, that should not be there. Almost all of the broker dealers, and investment firms’ are asking how to get the certificates, which is leaving me to the understanding that there is a lot of shorted preferred, which would be consistent with the complaint filed by one brokerage firm against this larger brokerage firm for failure to deliver (FTD). I now know that there are a lot of shareholders that could not get their certificates if they tried, because they are FTD. I believe this to be the case, if not all of the brokerage houses and investment firms. This would explain why they all decided to send people's certificates out, when other people can't get them from the same brokerage houses and investment firms. I know of one shareholder who has been waiting for his preferred certificates for over 9 months now. He has filed many complaints with the SEC too,” added Mr. Bosaw.
Pearl Asian Mining is looking at having profit sharing for all shareholders at least once per year. The Cash Dividend will be issued directly to the shareholders, and mailed to their known address upon verification of its legitimacy as holders on the record date. The distribution will not go through any brokerage house or investment firm, but directly to the shareholders’ known address.
“Yes, we have a plan to decrease the O/S float, and it will not be a reverse split, the company promised it would not do that, and PAIM will not. PAIM will not do another CD debenture either. It will be something that will benefit all long term shareholders. The secret share holder of the 1,074,000,000 reported for cancellation never got the certificates for clearance, yet just started selling and perhaps may have sold them all. How can someone be able to sell without the shares?” noted Bosaw.
“The cash dividend is only being issued on common shares of PAIM. The CDs have both face value, and conversion value, so do not let your broker tell you different. Yes, we are working on getting PAIMP trading again, it should have never stopped. Furthermore, the Company will not and does not have to sue anyone that owes dividends because they are short. The shareholders will have to get from their brokers that owe them. We will have a list of all that got paid, and the ones that need to get paid,” explained Bosaw.
The company does not pay 60% to anyone. Company pays from 1% to 3% to the agreed M.P.S.A (Mineral Processing Sharing Agreement) of the net profit. PAIM is now generating revenue, 60% stays in the Philippines for expansion, working operations, improvements and salaries and so on, and 40% goes to PAIM Wyoming in accordance to the Philippine Law. PAIM has its own separate community outreach funds from “ORO Operation Reach Out USA” to help the company’s own community relation services and programs.
“Lastly, the gold is only reported when it goes through the Central Bank of the Philippines, or sold to a private party. The company owns everything free and clear DEBT FREE, therefore it cannot and will never go bankrupt. If it did file a bankruptcy, PAIM would be liquidated, and the shareholders would make a killing!” exclaimed Bosaw.
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Notice "“Going back to my concern about all the extra preferred that are being claimed out there, that should not be there. Almost all of the broker dealers, and investment firms’ are asking how to get the certificates, which is leaving me to the understanding that there is ****a lot of shorted preferred, which would be consistent with the complaint filed by one brokerage firm against this larger brokerage firm for failure to deliver (FTD).***** I now know that there are a lot of shareholders that could not get their certificates if they tried, because they are FTD. I believe this to be the case, if not all of the brokerage houses and investment firms. This would explain why they all decided to send people's certificates out, when other people can't get them from the same brokerage houses and investment firms. I know of one shareholder who has been waiting for his preferred certificates for over 9 months now. He has filed many complaints with the SEC too,” added Mr. Bosaw. ""
NOTICE::: "“I know that a lot of PAIM shareholders are upset, or do not understand the float increase, that I projected last week.*** A lot of people are converting their preferred shares which are being added to O/S float.*** In 2006 last year, some people converted their CDs which added to the float also. What concerns me most is that the preferred shares have been converted, or are being converted now. I have been receiving many phone calls from brokerage houses, and investment firms from all over the place, wanting information on how to get the preferred shares converted, that are in their clients’ accounts and the numbers are staggering way beyond what was issued.” ""
NASDAQ Set X-Dividend Date As June 27, 2007 For Cash Dividend Distributions, Pearl Asian Mining Announces
As of January 31, 2007 PAIM O/S Float Was 6,587,389,302; Float Not Expected to Exceed 9 Billion After June 27, 2007; SEC Votes To End Short-Selling 'Grandfather' Protections
MANILA, Philippines--(BUSINESS WIRE)--Pearl Asian Mining Industries, Inc. with Stock SYMBOLS: U.S.A. (OTC: PAIM) (OTC: PAIMP) reports that NASDAQ set the x-dividend date for the cash dividend distribution as June 27, 2007. Pearl Asian Mining will distribute a Cash Dividend to each registered PAIM shareholder on record date of June 30, 2007. Therefore, only shareholders owning shares on the record date and shareholders that bought out of the market and hold beyond the X-date of June 27 will be entitled to receive the cash distribution.
“As of January 31, 2007 our o/s float was 6,587,389,302 as per records with PAIM’s Transfer Agent. The TA confirmed as of Monday our float will probably not exceed 9 billion shares even after taking into account the conversions to common shares from CDs and preferred shares,” reports IR Officer Jeffery Bosaw.
SEC Approved Regulation SHO Governing Short Sales - The Protective "Grandfather" Clause To Combat Short-Selling Abuses - SEC Votes To End Short-Selling "Grandfather" Protections
The U.S. Securities and Exchange Commission voted yesterday, June 13, 2007, to amend certain Rules under Regulation SHO – rules that govern the reporting, monitoring, and closing requirements for Failed-to-Delivers or short sales. Most notably, the SEC voted unanimously to remove the “grandfather clause” which has allowed unscrupulous parties to engage in manipulative stock trading practices, particularly naked short selling. The grandfather clause excluded from reporting and monitoring requirements short positions on stocks prior to the time these stocks were included in a threshold list of stocks with substantial short positions.
The SEC meeting may be viewed in its entirety via the following link: Once the “US SEC Open Meeting Webcasts” page opens, click the appropriate viewing software under “Archived Video Webcast, Original Live Broadcast: Wednesday, June 13, 2007.”
SEC Open Meeting Webcasts
Short selling involves sales of borrowed securities, producing profits when prices decline. The practice is legal and is viewed by many to play an important role in market efficiency, but the SEC's Regulation SHO sought to curb abuses of the same, particularly so-called "naked" short sales, in which short sellers don't borrow securities they sell, a practice some view as akin to counterfeiting or selling “phantom” shares.
Regulation SHO, which took effect in 2005, imposed stricter requirements on locating and delivering shares that are sold short but excluded some previous short positions through a "grandfather" clause.
The Securities and Exchange Commission voted Wednesday to approve a change to tighten rules intended to curb manipulative short sales, most importantly, "naked" short sales.
The change eliminated an exception that protected existing short positions from requirements to deliver hard-to-borrow shares within 13 days of settlement. Once the change takes effect, short positions previously protected by the grandfather clause must be closed out within 35 days.
SEC Chairman Christopher Cox said persistent failures to deliver shares sold short seem to be due to the grandfather protections, which the SEC included in 2004 to prevent stock-market volatility. Critics complained the protections undermined efforts to clean up abuses involving "naked" short sales.
Short selling involves sales of borrowed securities, producing profits when prices decline. The practice is legal, but the SEC's Regulation SHO sought to prevent "naked" short sales, in which short sellers don't borrow securities they sell.
SEC officials said delivery failures have declined about 35% overall since Regulation SHO took effect and have fallen about 53% for hard-to-borrow stocks defined as "threshold" securities.
---------LOOK HERE --------> Furthermore, PAIM believes that since 2005 it has been a victim of naked short selling and applauds this latest action taken by the SEC, but is concerned that the new rules will not be vigorously enforced. PAIM also believes that institutions that are responsible for reporting short positions are not following the rules, and therefore the monthly reports are inaccurate.
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That PR after the ruling proves that paim and paimp is saturated. If that doesn't say it, I dont know what does! I'm truely amazed at what I am finding out as I research.
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paimP.pk ---> Grandfather Play
Linear Mode
