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Because they are sitting on a 100%+ gain.**
They don't want to naked short so they are trying to buy as many shares as they can at this level so they can sell them at a higher price. Flippers who held over the weekend for a gap up today will probably sell enough in the next 15 - 30 minutes so MM's can move it higher later.
I think they slowed it down to try to match buy's and sells but sell orders are coming in much slower than buys. Now they have to decide if they want to naked short to fill the buy orders.
Looks like MM's are struggling to keep a lid on it. 2 million shares trade in the first min2 minutes then they slow it way down. Should be an attempt at a shake then the dam will burst and we are off to the next level.
million shares in 8 secsonds.**
AWESOME! THANKS FOR THE UPDATE.**
Nice job PNEW. Another thing to consider is that with more dollars invested this time, there will also be more who are following PBLS but are not invested YET. Could be a massive wave of buying following the announcement if the numbers justify it.
WOULDN'T THAT BE A HOOT!**
MM's probably see some Friday afternoon profit takers. Can't blame anybody for taking profits but I think they will pay more come monday morning.
Charts are worthless right now. Momentum is in charge. We will blow through resistance points until daily volume drops off. When volume falters, look for the nearest resistance point below the price at the time and that will be your new short term floor. If things go as expected then we should begin to see successive 20+ million share days, (maybe today?), for 3+ days. If we get two 40 - 50+ million volume days in succession next week then the price will move over a dime. If we consistently get 20+ million volume over the next 2 weeks then price will head toward $0.25. At some point, volume will naturally trail off as share price rises. It's a lot easier to move 50 million shares at $0.03 then it is at $0.30. Keep track of dollar volume (price X shares) to determine when momo buying interest is truly subsiding.
ALL IMHO.
Try some Bailey's and coffee and start all over again.
Reporting alone is worth several cents per share regardless of the numbers reported. The numbers will be reasonable but the forward guidance is what will knock the share price well over a dime. Credibility is restored once the statements are filed and PBLS share price will begin to reflect fundamentals (as well as momentum). I expect solid numbers and momo can take us well above fair value.
It's never a good idea to post share totals. The pro's see most message board types as sheep. Look for a shake coming now that the talk has turned to how many shares are available. They will manipulate the price lower to create doubt. They will claim the financials are not coming out, or the numbers are bad. That should be enough misinformation to scare another hundred million shares into their greasey hands.
All aboard the crazy train! It's leaving the station!
Maybe it was a ploy to get somebody (gnulx for example), to reveal the true numbers.
LOL, can you rustle up a decent sized bid at $0.25?
The reason the price doesn't move is because the price is based on earnings. Pure and simple, earnings. Let me say it really slow for the folks at PBLS,
E--A--R--N--I--N--G--S. When they release an income statement and the OS then the price will move. The price does not move on revenue when the market has no idea what operating costs are. The speed of share price adjustment depends on (1) the actual numbers (2) the forward guidance and (3) the numbers must be audited or otherwise authenticated. PA's signature on the numbers doesn't mean squat in pinky land. In pinky land, PA's signature carries as much weight as his word. PA's word is basically worthless after his "buy, buy buy" brainfart and his "very soon" comments.
You should change your name to Carl Sagan, but check out the AS before you do.
Evidence of a shift from the "BUY, BUY, BUY AND BUY SOME MORE" mentality.
Maybe mgmt is finally starting to become more responsible.
http://biz.yahoo.com/iw/070501/0246096.html
Mr. Alonzo added, "We are receiving new orders for materials and requests for quotations for large contracts on a continuing basis, and due to the growing demand we expect to be adding more work sites at MS&G as cash flows will allow."
I found out the reason for the delay. Management feels there might still be a few Best Jets employees that have not been informed they were bought by PBLS. ; )
I agree. With the potential for major news being released in May that should be enough to bring in a steady flow of speculative buying.
I can't think of a better reason to gag to the TA for this long. It's inexcusable.
Call it what you want, but when you sell shares you don't have, then issue them later, it's the same thing.
Yes, that was bush league stuff.**
You can't be serious. Read that PR carefully and you will discover that PA publicly announced the Best Jets Deal BEFORE BEST JETS TOLD THEIR EMPLOYEES! Then he has the audacity to blame shareholders for calling the company? It's called DD and it's the only way to verify the claims made by the mgmt of pink sheet stocks.
By the way, what does that PR have to do with gagging the TA and not releasing audited financials?
Cornhole, How do you know? Ungagging the TA is a very simple thing to do. Why is the TA gagged? Why are the we, (owners), not allowed to know how many shares are outstanding? We are way beyond the "trust management" stage. It's time for transparency.
pnew,
PA said: "this corporate action has not caused any new shares to be issued"
Thats a true statement if you assume PBLS gagged the TA then sold shares before they were authorized.
The above scenario also explains where the naked shorts came from: PBLS itself. They sold shares they didn't have. That's naked shorting.
To cover their own naked short they authorized the 1.75B and used the extra shares to cover their own naked short position.
If only PA wouldn't have lied about the OS being 1 billion. Now he's behind the 8-ball trying to buy back the OS down to 800 mil to 1B. But no matter what scheme he cooks up, he can't seem to find the shares.
I look for more deception from management as they try to scare up cheap shares. Remember, if there are too many shares in the OS, then it may be the case that PBLS controls less than 50% of the OS.
I think we can make a case that there is a question regarding ownership % which may give us an avenue to force a shareholder meeting. If it turns out mgmt does not have control then we can vote in a new Board and fire PA.
pan, I agree. No more patience, but what can we do to prod management?
FYI, 2005 unaudited financials link-->
This is what we can look forward to when the 2006 numbers come out. Unaudited is better than nothing but if they continue to withhold the share count then we need to find a rope and hangman.
http://biz.yahoo.com/iw/060731/0149094.html
PNEW, Lost in this rumor of unaudited financials is the fact that the 2005 and 2004 unaudited financials did not tell us how many shares were outstanding.
Whirl, even in pinkie land people go to jail for manipulating the share price. I don't know if this is the case with PBLS or not. There are lots of claims made by posters that PBLS is behind share price movement. If the claims can be proven then we can have a lawyer present the evidence to Paul and tell him to run the company on the up-and-up or face the SEC.
If PA is purposely withholding information to manipulate the stock price for personal or corporate gain then that meets the definition of securities fraud. He needs to come clean, ungag the TA and release the AF's.
.0135 is a per share number, and it is meaningless if those vibrant shops don't tell you how many shares are issued. Is the value of those shops .0135*1 billion or is it .0135*2 billion? The vibrant shops are not much better than the fake lemonade stand if they hide important information from the public.
June20,2006: Mr. Alonzo is a liar, "We have made the decision to make the full capitalization structure of Phoenix public very soon so as to set shareholders concerns to rest."
I agree. Give me the share count and AF's then I'll be a little more patient with the exchange move.
In other words, 'very soon'. lol**
I think there are also subleases. Isn't that what part of the lawsuit was about? If so then you would have some fixed lease income to add to the profit per truck.
I think it is 120 trading days, since you can only file on a trading day. That would move the the date out to June since there are about 250 trading days in a year. May/June would also be consistent with company guidance on the issue.