One would have to suspect that amongst todays record buys will be buying activity by the new partners, adding to the total volume of the day. Sneaking a mere 10-20 million shares today would be fairly easy.
The 750,000,000 shares the new group will purchase will be on the open market. I see them having the their MM(s) drop shares into the market and them being absorbed that same day by the new folks. Complaints of Citigroup or others holding the price level while tons of shares are purchased makes a bit of sense. We'll have to get used to seeing a "ceiling". This could be repeated for months. The volume increases but the share price stays relatively level. The new partners are supposedly very wealth, so a a grand total of $13.5 million to buy all 750 million shares at current price levels. I really doubt that number or $25 million really scares them. Especially if they feel PBLS can run to over a dollar per share.
PBLS instantly created more credibility for themselves with the ungagging of the TA. Everything they say from this point forward is immediately more believable.
Aligned interest. By buying common stock, the new partners are placing their interest and fate with ours. They seem to recognize that the quarterly income from preferred stock interest pales in comparison with the multiples that the U.S. Stock market provides a rapidly growing company. IE, one dollar can be worth $30 or so with the right growth pattern or Price to Earnings ratio.
Huge market. One billion in rock products for Poland, who'd have thunk it. In addition, the Gulf Coast will be the largest infrastructure buildout in the U.S. for the foreseeable future. The need for sand, gravel, rock and cement is immeasurably huge. Continuing to guide PBLS into this market niche is beautiful. Somebody is going to make tons of money for decades on the Gulf, why not PBLS.
More incoming value than dilution. We are as of today, over 100% larger a company than yesterday with upside still in coming. With 1.75 billion commons outstanding pre merger, we only diluted 43% as a tradeoff. If we were worth four times what the share price represents, we should be worth around 10 times or more soon.
Rumor is, Pratt is pushing for full disclosure? No matter the financial state of PBLS, full disclosure will create more instant credibility for the new guys. They come in and bang, everything is out in the open, no secrets.
This post is an opinion and should not be considered reason to buy or sell any security, or to besmirch, belittle or berate any person, religion, cult, creed, race, sex, political party, company or company representative of any age or appearance.
