Post by fastwalker on Apr 6, 2006 22:17:30 GMT -5
OT: PAIM & other COs, ploy to trap the MMs…
I’ve gotten to the point that I’m more interested at this time in the “awareness” and action programs being initiated by PAIM and other companies to identify, expose and get the NSS issue recognized as a legitimate problem, that the current activities of CMKX.
Why? Because regardless of what we say or do at this point in time, the events we are witnessing , or will witness regarding CMKX were set into motion a while ago and will play itself out according to the details generated at the start.
I hope that we will see a valid effort to deal with the NSS issue, if in fact that is where we are headed with this cert pull, or better yet, gobs of $$$$$$ if the rumors come true. Either way, it’s a moot point to beat it to death right now and fight among ourselves over a rumor.
Why I decided to discuss the PAIM deal is simple. Eventually, if as we suspect this cert pull will expose a NSS position in CMKX, then it stands to reason that the activities of PAIM , Overstock and other companies faced with NSS problems, can then be looked at by us, as a template / blue print for fighting the NSS problem , not just on CMKX, but other pinkies that we own.
Here we see the “company” making a public showing of attempting to fight the NSS of the PAIM stock. We see by this past PRs (10/21/2004) that PAIM is or at least appears to be a viable company…. “PEARL ASIAN MINING INDUSTRIES Schedules Important Meetings to Move Forward With Mining Operations and SEC Reporting Requirements.”
www.marketwire.com/mw/release_html_b1?release_id=74619
Now PAIM’s PPS may very well increase in price in the days, weeks and months ahead, for two possibly valid reasons. The CEO has indicated an anticipated increase in production during the 3rd and or 4th OTRS of this year, which at this point is speculation, but when that is coupled with the rise in the PRICE OF GOLD and silver, we are now seeing in a volatile World economy, this may in fact see a benefit to us, the longs holding this stock.
I recently contacted my Ameritrade rep regarding the delayed issue of the preferred PAIM dividends. I was advised that Ameritrade is not 100% certain that anything will happen with PAIM, “SINCE THEY HAVE NOT RECEIVED THE OFFICAL WORD YET” from PAIM.
It is possible that the DTC being the agency / entity required dealing with the issue of the dividends MAY IN FACT be the root of the problem, with the timely issuance of the dividends, since they alone are responsible for the transfer of the dividend shares. If that is the case, they may have actually deemed some aspect of this action by PAIM questionable, with regards to the “stated” public intent by PAIM as a means to trap the short sellers and expose the NSS of the PAIM stock. At least that may be the “official” word we, the shareholders and the the public will get.
Then again, it may very well be seen by the DTC, MMs, brokerage firms as a really major problem for them all, which could expose the inner workings of the DTC’s controversial “stock borrowing” program. In that event, it could lay the NSS problem directly on their doorstep of the DTC and prevent them from stalling and or misdirecting attention to other areas as the source of the FTDs. In any event, unless the delay can be traced back to PAIM’s failure to follow through with this action, we have to assume that someone, in a position of authority and powerful enough to alter things, will declare these dividend shares un-fit for electronic transfer.
Then again, maybe we will all luck out and get these dividends delivered by mail.
We are dealing with yet another Pinkie here, so I do anticipate a series of problems, created by the company and those who have much to lose / benefit from maintaing the status quo.
I do however, choose to view PAIM and other similar pinkies as valid until they prove otherwise. The experience with CMKX has opened my eyes to many aspects of of right and how wrong things can go in pinkie land and therefore, I simply remain neutral on issues until evidence suggest a different leaning. On that note, I would add this ins which we see part of the plan top trap the short sellers…
“Pearl Asian Mining Industries (PAIM) Sets Conversion Rate of Preferred Shares”…. biz.yahoo.com/bw/060328/20060328005447.html?.v=1
Guess we just wait and see…
Fw
I’ve gotten to the point that I’m more interested at this time in the “awareness” and action programs being initiated by PAIM and other companies to identify, expose and get the NSS issue recognized as a legitimate problem, that the current activities of CMKX.
Why? Because regardless of what we say or do at this point in time, the events we are witnessing , or will witness regarding CMKX were set into motion a while ago and will play itself out according to the details generated at the start.
I hope that we will see a valid effort to deal with the NSS issue, if in fact that is where we are headed with this cert pull, or better yet, gobs of $$$$$$ if the rumors come true. Either way, it’s a moot point to beat it to death right now and fight among ourselves over a rumor.
Why I decided to discuss the PAIM deal is simple. Eventually, if as we suspect this cert pull will expose a NSS position in CMKX, then it stands to reason that the activities of PAIM , Overstock and other companies faced with NSS problems, can then be looked at by us, as a template / blue print for fighting the NSS problem , not just on CMKX, but other pinkies that we own.
Here we see the “company” making a public showing of attempting to fight the NSS of the PAIM stock. We see by this past PRs (10/21/2004) that PAIM is or at least appears to be a viable company…. “PEARL ASIAN MINING INDUSTRIES Schedules Important Meetings to Move Forward With Mining Operations and SEC Reporting Requirements.”
www.marketwire.com/mw/release_html_b1?release_id=74619
Now PAIM’s PPS may very well increase in price in the days, weeks and months ahead, for two possibly valid reasons. The CEO has indicated an anticipated increase in production during the 3rd and or 4th OTRS of this year, which at this point is speculation, but when that is coupled with the rise in the PRICE OF GOLD and silver, we are now seeing in a volatile World economy, this may in fact see a benefit to us, the longs holding this stock.
I recently contacted my Ameritrade rep regarding the delayed issue of the preferred PAIM dividends. I was advised that Ameritrade is not 100% certain that anything will happen with PAIM, “SINCE THEY HAVE NOT RECEIVED THE OFFICAL WORD YET” from PAIM.
It is possible that the DTC being the agency / entity required dealing with the issue of the dividends MAY IN FACT be the root of the problem, with the timely issuance of the dividends, since they alone are responsible for the transfer of the dividend shares. If that is the case, they may have actually deemed some aspect of this action by PAIM questionable, with regards to the “stated” public intent by PAIM as a means to trap the short sellers and expose the NSS of the PAIM stock. At least that may be the “official” word we, the shareholders and the the public will get.
Then again, it may very well be seen by the DTC, MMs, brokerage firms as a really major problem for them all, which could expose the inner workings of the DTC’s controversial “stock borrowing” program. In that event, it could lay the NSS problem directly on their doorstep of the DTC and prevent them from stalling and or misdirecting attention to other areas as the source of the FTDs. In any event, unless the delay can be traced back to PAIM’s failure to follow through with this action, we have to assume that someone, in a position of authority and powerful enough to alter things, will declare these dividend shares un-fit for electronic transfer.
Then again, maybe we will all luck out and get these dividends delivered by mail.
We are dealing with yet another Pinkie here, so I do anticipate a series of problems, created by the company and those who have much to lose / benefit from maintaing the status quo.
I do however, choose to view PAIM and other similar pinkies as valid until they prove otherwise. The experience with CMKX has opened my eyes to many aspects of of right and how wrong things can go in pinkie land and therefore, I simply remain neutral on issues until evidence suggest a different leaning. On that note, I would add this ins which we see part of the plan top trap the short sellers…
“Pearl Asian Mining Industries (PAIM) Sets Conversion Rate of Preferred Shares”…. biz.yahoo.com/bw/060328/20060328005447.html?.v=1
Guess we just wait and see…
Fw
