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Dateline was supposed to run a 1 hour special in 2004 on Naked shorting. The powers to be squashed it from ever airing. This naked shorting destroys thousands of companies every year. It won't destroy Phoenix. An excellent article to read.
Is Dateline Losing Credibility Over StockGate Story Delays?
by Mark Faulk
It's been called the biggest financial scandal in the history of the world, with incurred losses estimated by some experts at well over $1 trillion dollars. It's a scandal that involves over 1,200 offshore hedge funds, over 150 US brokers, and has already bankrupted over 7,000 US companies in the past six years. According to many of the lawsuits filed to date, the crooks include terrorist groups and organized crime syndicates. Sources say that this scandal, which involves an intricate system of selling electronic counterfeit shares of stock in an effort to destroy the market value of small publicly traded companies by utilizing a method known as "naked short selling", will eventually implicate almost every major broker in America, all of the governing bodies that oversee trading, and will extend into Canada and Europe. Amazingly, the SEC has admitted it had been "observing" naked short selling for six years, but up to now has done absolutely nothing to put a halt to it.
As The Faulking Truth has written about and followed this story over the past few months, one nagging question has remained: where is the national press coverage on this issue? Aside from a few recent articles in national newspapers, which have barely scratched the surface of this worldwide scandal, why has this been largely ignored by the mainstream media? Why hasn't one of the major network investigative shows put together an in depth expose' to blow this scandal wide open?
Incredibly, we have confirmed that Dateline has done that very thing. According to sources involved with the story, NBC's flagship news program has filmed over 100 hours of explosive footage on the "StockGate" scandal, which includes evidence that will "blow the roof off this scandal". There is only one problem. Originally scheduled to air in January or early February, they have postponed the show repeatedly, and now plan to air it "sometime in August". Even more incredibly, we have learned that they have signed an exclusivity contract with the two law firms that have filed the class action lawsuits that deal with the naked shorting scandal, in effect suppressing the public release of even more information about the scandal.
After publicly speaking out about the scandal early on, attorneys John O'Quinn (of the Houston law firm of O’Quinn, Laminack and Pirtle), and Wes Christian (of Christian, Smith, Wukoson and Jewell) have been uncharacteristically quiet for the past few months. That's because Dateline has kept a muzzle on the two attorneys until the "StockGate" segment airs. However, lead attorney Wes Christian has filmed over twenty hours of exclusive interviews for the Dateline segment. Although exclusivity contracts involving the media aren't unusual, this situation is a bit different. This scandal is ongoing, and in fact seems to be accelerating in the past couple of months, even after new NASD regulations supposedly aimed at putting a halt to the corruption went into affect on April 1st.
The shelving of this important expose' by Dateline NBC raises some very important moral and ethical issues, in this writer's opinion. If in fact they have collected information that would help to put a stop to the massive criminal activity that is robbing American companies and their stockholders of literally hundreds of millions of dollars every day, aren't they at the very least morally obligated to release that information in a timely fashion? And since they have postponed the show for the last four months, shouldn't they release attorneys O'Quinn and Christian from their exclusivity contract, so that they can disseminate information that might be vital in helping the victimized companies, their shareholders, and the various governing bodies put to end this ongoing corruption? And if in fact the money being stolen from honest Americans is being used to fund terrorism and organized crime, then shouldn't Dateline immediately make public any information that could help put an end to those insidious activities? Dateline declined to respond to repeated emails inquiries for this article.
The question remains: why has Dateline been so slow to expose this monumental ongoing scandal, even as the corruption continues? There is some debate on that point. Some sources believe that they have "caved in to political pressure from the Right, who see this as a political time bomb for the Bush Administration", while C. Austin Burrell, who has provided litigation and research support to O'Quinn and Christian in their lawsuits, believes that Dateline has it's own political and journalistic agenda, and plans to air the show in August to coincide with the Democratic Convention. The scheduled August air date concerns Burrell as well. "August is a dead month, with half of all people on vacation, and the other half not paying attention. It is not an appropriate month to release a piece with such a business focus."
Still others close to the story say it is the complexity and constantly evolving nature of the story that makes it difficult to edit and air. "Complex and constantly evolving" is an understatement. However, this writer for The Faulking Truth has managed to gather pertinent information and write relevant articles on the topic, and in all honesty, I'm just a guy with a computer and a cell phone who does this in his spare time. Dateline, on the other hand, is, well, Dateline. According to Burrell, "This is not a difficult story, and it needs to get out there now. Dateline has made an important time commitment to this topic, and we simply want to see the payoff for the victims."
Regardless of the reason, the time for full disclosure is now. Dateline NBC owes it to the American people to release what information they have immediately, and if necessary, air a follow-up segment as the story continues to develop. As the Associated Press and rival CBS show 60 Minutes recently pointed out, "In one month, NBC's signature newsmagazine devoted some five hours of programming to the season finale of 'The Apprentice' and the series finales of 'Friends' and 'Frasier.' " If The Donald, Ross, Rachel, and Fraiser rate five hours of coverage in one month on what is supposed to be a major news show "bringing viewers compelling investigative reports", then surely the "biggest financial scandal in the history of the world" is worth a segment or two.
Mr Pastorios writes
my buying and/or selling is based soley on technicals, since I have no SEC filings by which to complete my DD
This is ridiculous. You cannot trade this stock using technical analysis. This stock so far has been buying all from fundamentals. This stock till recently had a pathetic pattern for technicals. It was a strong sell. The reason people are here is for fundamental reasons.
The New York Stock Exchange has 2800 companies listed
the NASDAQ has 3200 companies listed
The Amex has 950 companies listed
You can't find any other company to trade using technicals.
Let alone the thousands that trade on the OTC.
You'd rather just trade a stock only on the upside with a pattern that this stock has shown.
This companies chart would not look technically strong till it broke 4 cents. Fundamentally, it is a screaming buy at .015
Today is a perfect example of naked shorting in this stock.
.0155 4,032,472
.0153 200,000
.015 580,692
So many more shares bought on the ask and it takes 4.5 hours
to go up.0005.
Great links to learn about naked shorting
http://www.businessjive.com/nss/darkside.html
Awesome slide show
Must see
lots of links on naked shorting
http://www.wall-street.com/nakedshorting.html
Check out Convergence Ethanol
http://finance.yahoo.com/q?s=ceth.ob
This company is going to build a plant using wood waste
They Ceo of this company has a very impressive background.
This small California based Ethanol Prodecer id doing some cool stuff
Go to Ceth board
Ticker symbol Ceth.ob
Most current news release
http://biz.yahoo.com/bw/070111/20070111005200.html?.v=1
Convergence Ethanol Inc. Announces Profit Improvement Initiative
Thursday January 11, 7:00 am ET
LOS ANGELES--(BUSINESS WIRE)--Convergence Ethanol, Inc. (OTCBB:CETH - News), a biorenewable energy project developer and provider of engineered products and systems to the energy industry, announced today a profit improvement initiative.
ADVERTISEMENT
The initiative is intended to improve financial performance, efficiency and productivity, as well as to realign the company's professional skills with its profit opportunities. Its points include: administrative workforce reduction, phase out of low-margin products, tighter control of travel costs and a decrease in external costs across the company.
The initiative is targeted to deliver over $1.2 million in future annualized savings, for a one-time $0.2 million related pre-tax charge. Based on current business activity, the company expects an overall annualized profit increase of more than $2 million when these savings are combined with the company's strong sales growth.
"We are committed to increasing our rate of return on invested capital and to delivering stronger bottom-line performance," said Dr. James A. Latty, president and chief executive officer, Convergence Ethanol. "Senior management is focused on ensuring that our cost structure is both competitive and in alignment with our strategic market opportunities, such as developing our woodwaste-to-ethanol refinery in Ontario, Canada."
All workforce reductions were made in non-revenue-generating areas, with the greatest number in corporate headquarters' administrative jobs and non-legal outside consulting. The company has not reduced sales, marketing, engineering, manufacturing, finance or audit capabilities.
Latty explained, "We plan to have a greater percentage of the company developing and selling Convergence Ethanol projects, products and services. Our customers and partners will continue to receive world-class products and support."
Richard W. York, chief financial officer, added, "These measures will improve business unit performance and optimize our investments in project development, manufacturing, sales and marketing."
California-based Convergence Ethanol is a biorenewable energy project developer and an ISO 9001:2000-certified provider of engineered products and systems to the energy industry. The company's mission is to support the energy industry's production of cleaner burning fuels.
For more information visit the company's developing website at www.c-eth.com
Safe Harbor Disclosure
This press release contains certain forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that involve a number of risks and uncertainties. Actual events or results may differ from the company's expectations. In addition to the matters described in this press release, risk factors listed from time to time in the reports and filings with the U.S. Securities and Exchange Commission may affect the results achieved by the Company.
Contact:
Grass Roots Investor Relations
Scott Robbins, 570-472-2287
wsr2000@ptd.net
Check out PR on Convergence Ethanol today
http://finance.yahoo.com/q?s=CETH.OB
I called my Broker and he told me their is no stock available
to short on PBLS. He contacts Penson and they give him immediate status as to availablity using the system clearing firms are all tied into. Of curse we do not have access to this or allowed to even see such numbers.
Another thing about stock.
Call your broker and have them put the shares that you own into type 1 and not type 11.
Type 1 cannot be lent out, type 11 can. My one broker who clears through Penson has done this for me. It shows up as stock that is cash instead of marginable. I could've sworn they switched it a few weeks ago as per my request and somehow switched it back. This time I will be watching much more closely. I am going to ask e-trade to do it, but I'm sure it will turn into some kind hassle knowing how they operate.
I took half of my shares into physical certificate form.
I did this for a multitude of reasons.
The first one is I know that it puts more pressure on the shorts. They have less shares that they can borrow from, assuming they're not naked shorting. Even if they are naked shorting, it puts more pressure on the brokerage firm that is floating these failure to delivers otherwise known as FTD's.
Second reason is I fear if there is a huge short squeeze and the stock is going out of control and the brokerages are taking the brunt of it, I would not be surprised to see the SEC put a halt on the stock and figure out who has legitimate shares and who doesn't.
If you did not have shares in your name, they would be considered street name and you would probably end up in some arbitrations situation with the brokerage firms. I spoke to a gentleman a few weeks ago and said something similar happened to him. I wish I could remember the company. I look at so many.
The third reason is I just don't like the fact that my brokerage lends them out to be shorted. I must say that really bothers me. I do not want to give up my margin account, because it allows me when I sell something to have immediate cash. If I have a cash account I have to wait three days for settlement before I can use that money. The whole system is a scam. All accounts are opened as margin accounts unless otherwise asked for.
Brokerage houses fortune lending shares back and forth to each other through their clearing systems. Every time someone shorts the stock, they collect interest on that money while the short is being held. That is why shorting as well as naked shorting is allowed. The brokerages make so much money from these activities, and I'm sure lobby Washington to make sure this stays in effect.
The last thing I want to note is my friend today went over to
Scotttrade as per my request to pool half of his Phoenix Associates Certs from his account. Their answer was, you know we don't have to give you a certificate on pink sheeted companies. We will have to call corporate and see if we can for you. After making a phone call they agree to it, but they said tomorrow you might get a no. Pretty scary if you ask me.
Volume looks strong.
Most sellers gone by now.
Looking for the next move up.
If we move to another exchange like the Aim where this is not allowed they will be forced to cover.
I am waiting for the inevitable short squeeze.
I estimate over 800 million shares are naked shorted at this point. I personally think 45 % of all the volume since we started to fall from 3 cents has been naked shorting. I think the shorts are screwwwed. I heard their was estimated 200 Million shorted when they announced Best Jets and Buyback. The shorts have no idea how to get out of this quandry. If this sqeeeze starts which i feel will most likely happen between 5 and 10 cents. I would not be surprised to see the stock hit multiple dollars before they would be able to cover. When the true squeeze is on and you will know it because every institutional trader and day trader jumps on the band wagon because they all know its happening. The buying pressure will be unbelievable.
Weekly Volume
PBLS open high low close change volume
01/05/07 63 million
12/29/06 43 million
12/22/06 38 million
12/15/06 77 million
12/06/06 0.0060 0.0085 0.0055 0.0080 +0.0020 42,582,516
12/01/06 0.0060 0.0060 0.0055 0.0060 +0.0000 35,531,433
11/24/06 0.0060 0.0060 0.0055 0.0060 +0.0000 26,987,660
11/17/06 0.0060 0.0060 0.0055 0.0060 +0.0005 49,913,413
11/10/06 0.0065 0.0070 0.0055 0.0055 -0.0010 51,738,862
11/03/06 0.0080 0.0105 0.0060 0.0065 -0.0015 73,677,146
10/27/06 0.0080 0.0080 0.0040 0.0080 +0.0000 129,005,256
10/20/06 0.0095 0.0095 0.0060 0.0080 -0.0010 113,136,452
10/13/06 0.0100 0.0100 0.0085 0.0090 -0.0008 78,222,026
10/06/06 0.0120 0.0120 0.0095 0.0098 -0.0012 57,591,320
09/29/06 0.0120 0.0140 0.0100 0.0110 -0.0005 103,583,622
09/22/06 0.0100 0.0130 0.0089 0.0115 +0.0015 72,171,702
09/15/06 0.0130 0.0130 0.0095 0.0100 -0.0030 75,676,822
09/08/06 0.0125 0.0145 0.0120 0.0130 +0.0005 36,941,056
09/01/06 0.0185 0.0193 0.0120 0.0125 -0.0050 55,784,154
08/25/06 0.0155 0.0179 0.0115 0.0175 +0.0020 103,067,585
08/18/06 0.0179 0.0190 0.0140 0.0155 -0.0024 70,576,796
08/11/06 0.0205 0.0220 0.0170 0.0179 -0.0021 49,513,180
08/04/06 0.0250 0.0250 0.0190 0.0200 -0.0050 82,727,762
07/28/06 0.0270 0.0280 0.0230 0.0250 -0.0015 34,436,342
07/21/06 0.0260 0.0300 0.0220 0.0265 +0.0005 49,014,364
07/14/06 0.0300 0.0310 0.0250 0.0260 -0.0050 24,804,076
07/07/06 0.0298 0.0325 0.0291 0.0310 +0.0010 23,510,344
Strong closes are very good for gap ups on monday.
Everyone has time over the week end to do their homework.
After newbies do their home work on this one they will be chomping at the bit to get in on this stock. Look for 2 cent open on monday with probably a run to .023 then the ussual pull back and then close at .021. That my best guesstimate.
From my understanding they are working very hard in this area.
I expect by end of March we should be able to see these. It is a huge task to bring up a company fully up to date especially after all the aquisitions they have done. I know many CFO's and compliance officers of many companies and have an idea that it can be very difficult.
Phoenix announces buyback on June 19th
The stock starts a downward slide.
Phoenix on August 11 rescinds buyback but gives people up to
August 15th to get their certs in. They buyback from what I heard was 42 million shares at 3 cents. They personally bought from me 1 million and the check cleared.
The stock continues downward.
Phoenix Associates Acquires Best Jets Group of Companies on August 23rd. Stock contines to go downward.
Phoenix's Best Jets Engines Awarded Contract to Service and Support J85 Turbo Jet Engines
The stock continues downward slide
Phoenix updates shareholder on September 26th.
They report:
Phoenix expects revenues through the 1st three quarters of 2006 to be above $125 million, and is anticipating revenues for the 4th quarter of about $81 million. This number was revised down because of slumping natural gas prices. Total revenues for 2006 are therefore expected to come in at about $206 million. Because of a substantial profit to be realized at the Best Jets Group of Companies, net pretax revenues of Phoenix could reach 10% of gross revenues.
The stock continues a downward slide.
They have made in the neighborhood of about 15 positive press releases and the stock just went down.
Then the stock trades at .006 for 10 straight days. Tons of buys. Probably 80 to 90%. The stock ends up stuck. Won't move up.
Gosh their is no manipulation here.
Their is no short selling.
The truth of the matter is whomever has taken upon themselves
to heavily short this stock are going in the end to create their biggest nightmare of their life. Well deserved of course.
Long and strong!!!
Keep the faith.
Good is going to win on this one.
What proof do you have that this has not occurred?
Please do your home work first so we can engage in intelligent
discussion about this matter. Then talk to Mike Mulshine at investor relations, then call management at Company. Their were many days that I looked at the transaction log and saw that even know it was approximately 90% buys, the stock went down. This happened numerous times. I am not sure what your vested interest here is, but if you are serious about learning more about this, I highly recommend the links below.
http://www.businessjive.com/nss/darkside.html
Awesome slide show
Must see
lots of links on naked shorting
http://www.wall-street.com/nakedshorting.html
We've all been damaged temporarily by all the naked shorting has gone on in the stock. Do not let the people who have heavily shorted us up to this point out easily. We should make them pay dearly for their illegal activities. They have a vested interest in bankrupting companies that trade on either the pink sheets or over the counter. It is an extremely profitable activity for people who do this type of illegal manipulation. They even do it to much larger companies at times. I have spoken to senior level management at numerous companies that of all said they are being heavily naked shorted. A lot of these companies will be in trouble, because they tend to have a lot of debt and are in need of equity financing to continue as a going concern. It is very hard for these companies to raise money when their stock price is suppressed. The dilution ends up killing them. This is not the case for PBLS. They have cash in the bank, very little debt, and sales are going through the roof. Most companies usually get involved in a convertible debt situation out of desperation which eventually destroys them. Many of the people who finance these types of debt are the same people who do a lot of this naked shorting. The naked short position on this company is estimated to be anywhere between 500 million to a billion. I personally feel it's somewhere around 800 million. The company clearly knows they've been heavily naked shorted
as well as people who understand these activities and have been involved in the marketplace for a long time. There were days that the stock would trade with 90% on the buy side and go down. With the company buying back 42 million shares at three cents who in their right mind sold below these prices. They thought they could beat us down and cover a lot of their shorts with tax loss selling knowing what a banner year it was for the major indexes. They were wrong. It was clear to me watching the tape that people just continue to buy the stock knowing how undervalued this company is. There are a lot of sharp people who have invested in this company, because even though the stock was weak technically they knew fundamentally it was a screamin by and continued to buy it. Some people say why would someone short a company with so much potential? Good question. The truth of the matter is they short thousands of companies knowing that very few of them will ever be successful enough for them to ever have to cover. Most FTD's are never covered. And if they cause a company to go bankrupt, it is pure profit for them, because of a crazy tax loop hole they end up not having to pay taxes on their profits. Some people use Buyins.net as a source to figure out how many shares are shorted. Buyins.net is completely inaccurate.
The way they come up with their numbers is is that part of their equation is a complete guess. People who have
thoroughly investigated Buyins.net have come away very disappointed from what they found. The reg sho list is also not even close to accurate. It's an attempt to appease people with the notion that big brother is looking out for us.
A very good slide presentation that all people need to watch who invest in this microcap arena on how naked shorting works is below:
<http://www.businessjive.com/nss/darkside.html>
Awesome slide show
Must see
lots of links on naked shorting
<http://www.wall-street.com/nakedshorting.html>
There really is no way for sure to know how many FTD's or otherwise known as failure to delivers are PBLS.
I have been involved in this investment for quite some time. I think the company has done a wonderful job to this point.
It seems that they have done some very good acquisitions that are going to benefit us greatly in the long run.
I personally am not going to sell a single share until I know the stock is clearly appreciated from a short squeeze.
I personally think it is inevitable. When they become fully reporting over the next few months there is going to be a lot of pressure on the stock. It's so hard to tell when this thing is going to break, but I'm very confident it will. My estimate is between .05 and .10 cents.. The amount of shorts that are currently out there, I have heard estimates that if there was a squeeze the stock could go anywhere from one dollar to $50. It really comes down to when do people sell and how many people buy into the squeeze. Personally Wall Street is a dirty place, if there is a request to cover, many institutions will find out about this and buy into it which makes it that much more difficult for the party who has to cover, to get out.
I know this companies fair market value is $.18. I think next year the fair market value will be much higher. I'm in this for the long haul. Also if you keep this stock over a year you only have to pay long-term capital gains. Currently these rates are only 15%. Good luck to all longs. Try not to get itchy fingers. Look at this as a long-term investment. And I think we will all come out smelling like a rose.
I look forward to meeting some of you at the annual shareholders meeting some day.
PBLS might be breaking out.
It looks like PBLS might have a clear breakout today.
Lot of upside potential if it does.
I just got hired by Convergence Ethanol last friday as their IR firm. If anyone has any questions feel free to call me at 570-472-2287. I have big plans for this board. I plan adding a lot of content to this board. This company has a lot of exciting things going on that I would like to share with you. I was the moderator for MEMS and it looks like I got bumped because of a symbol change. I have put a request in to have that fixed. Any ideas for the board let me know.
What a ridiculous post.
They bought back approximately 40 million shares at 3 cents just a few months ago. And you think that they are naked shorting at .006 of a penny. The bottom line is they are is many more shares held in street name than there is in the float. With that said, the brokerage houses have to make good on those shares at some point. They either force the hedge funds to cover or they cover themselves. You cannot find a better short squeeze opportunity out there than this stock. Huge revenues, huge profits, very little debt, and a very large short position. Also the company is growing at a very fast clip.
Here is the bottom line.
The company currently has approximately 815 million shares outstanding. They've announced in their September 26 press release that they would expect revenues to come in around 206 million. They said the net pretax revenues could be as high as 10%. That number is 20.6 million. A conservative number is 10 million net profit. Based on these earnings with a PE of 15 you come up with $.18 cents. I might add that it's a very low PE for a company that's going through rapid growth. If the company ends up doing much better next year, which I get a strong impression they will. You can expect their net profit to be much higher. It would be realistic that if this company gets to a billion in sales over the next few years that it would not be unrealistic to see a dollar or more.
I personally am not interested to sell until what I feel is the inevitable short squeeze. I've never seen a more undervalued stock that had so much short squeeze potential.
The pressure on the stock will be incredible when the company becomes fully reporting. At that time I estimate that a short squeeze will most likely happen. That is only a few months away. If we do get a short squeeze and the shorts are forced to cover. I personally feel we will see multiple dollars or more before they can cover properly. Remember this short squeeze could happen as soon as a few months. Even if it takes longer, so be it. I have the utmost faith in this company going forward and see this as an incredible investment opportunity.
Your post does not make sense.
The naked short position on this company is anywhere from 500 million to a billion. They only dug their grave deeper these last few weeks. My estimate is at some point the brokerage houses floating their failure to delivers feel to much pain and cut off the spicket. Would not be surprised to see that here. They also probably have a price set where they have been forwarned on what price they must be forced to cover.
I wish I knew what that was. Probably somwehere around ten cents is my guess. I am not selling one single share until the short squeeze. It is invetibale. If it takes days, months or years I do not care. Because at that time I will become rich. This companies fair market value on todays fundamentals is around 18 cents. These are conservative numbers.
It is so obvious that the shorts are tring desparately to hold this back. Every day they just dig a deeper grave.
I love this stuff. The short squeeze on this stock is going to be tremendous. I do not really care when it happens, I just know it will happen. Their predicament just keeps growing every day. I have heard estimates that when the squeeze occurs we could see 20 dollars or more. I even heard 50 dollars. The shares they have shorted at this point are astronomical.
I am waiting for the inevitable short squeeze.
I estimate over 800 million shares are naked shorted at this point. I personally think 45 % of all the volume since we started to fall from 3 cents has been naked shorting. I think the shorts are screwwwed. I heard their was estimated 200 Million shorted when they announced Best Jets and Buyback. The shorts have no idea how to get out of this quandry. If this sqeeeze starts which i feel will most likely happen between 3 and 5 cents. I would not be surprised to see the stock hit multiple dollars before they would be able to cover. When the true squeeze is on and you will know it because every institutional trader and day trader jumps on the band wagon because they all know its happening. The buying pressure will be unbelievable.
Weekly Volume
PBLS open high low close change volume
12/06/06 0.0060 0.0085 0.0055 0.0080 +0.0020 42,582,516
12/01/06 0.0060 0.0060 0.0055 0.0060 +0.0000 35,531,433
11/24/06 0.0060 0.0060 0.0055 0.0060 +0.0000 26,987,660
11/17/06 0.0060 0.0060 0.0055 0.0060 +0.0005 49,913,413
11/10/06 0.0065 0.0070 0.0055 0.0055 -0.0010 51,738,862
11/03/06 0.0080 0.0105 0.0060 0.0065 -0.0015 73,677,146
10/27/06 0.0080 0.0080 0.0040 0.0080 +0.0000 129,005,256
10/20/06 0.0095 0.0095 0.0060 0.0080 -0.0010 113,136,452
10/13/06 0.0100 0.0100 0.0085 0.0090 -0.0008 78,222,026
10/06/06 0.0120 0.0120 0.0095 0.0098 -0.0012 57,591,320
09/29/06 0.0120 0.0140 0.0100 0.0110 -0.0005 103,583,622
09/22/06 0.0100 0.0130 0.0089 0.0115 +0.0015 72,171,702
09/15/06 0.0130 0.0130 0.0095 0.0100 -0.0030 75,676,822
09/08/06 0.0125 0.0145 0.0120 0.0130 +0.0005 36,941,056
09/01/06 0.0185 0.0193 0.0120 0.0125 -0.0050 55,784,154
08/25/06 0.0155 0.0179 0.0115 0.0175 +0.0020 103,067,585
08/18/06 0.0179 0.0190 0.0140 0.0155 -0.0024 70,576,796
08/11/06 0.0205 0.0220 0.0170 0.0179 -0.0021 49,513,180
08/04/06 0.0250 0.0250 0.0190 0.0200 -0.0050 82,727,762
07/28/06 0.0270 0.0280 0.0230 0.0250 -0.0015 34,436,342
07/21/06 0.0260 0.0300 0.0220 0.0265 +0.0005 49,014,364
07/14/06 0.0300 0.0310 0.0250 0.0260 -0.0050 24,804,076
07/07/06 0.0298 0.0325 0.0291 0.0310 +0.0010 23,510,344
The company has clearly stated how many outstanding shares there are. They also have stated what they plan on doing in earnings. The stock should have a fair valuation of the least $.25. That's just a PE of 10 on current earnings. If the company continues to grow we could see a much higher share price. This company is as real as real gets and the only reason we see any form of negativity on this board is the fact that shorts are stock beyond belief and don't know how to get out of this dilemma. I can tell you how "cover". Good luck trying.
I think what happened the other day is horrendous.
I originally got in this investment from the recommendation
by Bob Winston. He represents SMSE as their IR person. I got to know him when he was over at Market Smart communications. He always represented himself as if he was a partner in the IR firm. I made a few sizable investments with some of the companies he represented at that time. At one point Bob was fired by the IR firm, and when I asked why they would not tell me. It took me a few weeks before I finally got a hold of Bob and I was a bit angry that I had not heard from him because I still had numerous investments in companies he previously represented. He apologized and told me he was working on this really big deal. He told me that he was directly working at SMSE's office. He at that time told me that this was the most exciting company he ever represented in over 40 years. He told me that he felt the stock could easily go to $.40 or higher. I can't tell you how many times he called me telling me, buy more, buy more. It was almost every other day for a few weeks he would tell me the stock was ready to explode. That big announcements were on the way. I took a very sizable position over a few weeks. He told me he had family and friends invested in this is well. I am kicking myself for believing in someone and not doing my homework first. I did happen to speak to Arshad Shah the CEO just last week. I spoke to him for about 40 minutes. He never once mentioned anything about a reverse split. That should have absolutely come up in conversation.
I called Bob Winston on Friday and was screaming at him. He said he did not know about this. How the heck can you represent a company as their IR person as well a spend a few weeks at their office and not know about this.
I'm not sure what this is going to do to all of us as shareholders.
I have never heard of a company doing a rollback that was nonprofitable and on the pink sheets that ever once worked out as a positive thing for its shareholders. The company currently only has a market cap of about $1.2 million. My biggest fear is that they got some kind of evil financing deal which was to do a rollback. Give a large percentage of new shares to some new financier. Meanwhile management will just give themselves options and all kinds of huge stock incentives to where they will come out smelling like a rose and we will all be______ you know. I just hope to God they don't have some crazy evil intention of diluting us to death.
I am going to find out what happened. If it is a dirty deal for us I will be looking at filing complaints with the SEC as well as forming a class-action lawsuit. I hope the company stays clean so I can avoid all this headache. Management and the board of directors of any publicly traded company weather reporting or non reporting have a fiduciary responsibility to represent its shareholders in the best manner possible. If that is not fulfilled, we should raise hell.
Please call me if anyone has any information on this company or Bob Winston
Scott: 570-472-2287
e-mail: wsr2000@ptd.net
again if anyone has any information, please feel free to call me anytime. I will post more as I learn more.
It looks like to me this company is a total fraud
When the authorities are done this,it will most likely not even be trading.
http://www.canada.com/windsorstar/news/story.html?id=04b327c5-dbfd-4218-904b-9ed8c823b387&p=2
Its not to late to by a legitimate company with huge upside.
Roll over your money into PBLS.pk and over the next year you have a good chance of making back your money or even taking a nice profit. If this company ends up in a short sqeeze which I feel is likely, the upside is unlimited.
Please not my post on efti board on the connection between
LFZA and EFTI.
Post 50,51,and 52
http://www.investorshub.com/boards/read_msg.asp?message_id=14373764
It is clear to me EFTI shareholders will deive benefit from
Lfza. We as shareholders own the technolgy and will derive some form of revenue stream that Us sustainable energy corp gets.
The Company also contemplates that its technologies will include the rights to the certain patents and intellectual property rights currently contained in EarthFirst Technologies, Inc. (OTC BB:EFTI.OB - News). Under EarthFirst's previously announced planned merger with Cast-Crete Corporation, EarthFirst/Cast-Crete will become the co-proponent of the Plan of Reorganization of CyberCare, Inc. ("CyberCare") (Other OTC:CYBR.PK - News). After the merger with Cast-Crete and CyberCare's emergence from reorganization, EarthFirst/Cast-Crete intends to combine the existing energy technologies with CyberCare's technology assets. The surviving entity will be known as U.S. Sustainable Energy Corporation.
I know in the past it was announced that for so many shares of efti you got so many in Us sustainable energy.
Its a bit convulted but here is info on most recent press release.
Hence "Under the terms of the proposed merger between U.S. Sustainable and Global Realty, shareholders of record of CYBR as of August 15, 2006 will be issued one share of Global Realty for every five shares of CYBR beneficially owned on the record date."
The merger with Global Realty will be implemented in two steps, with the intent of preserving the CyberCare shareholder rights, and restoring the shareholders to their equity interest in U.S. Sustainable after completion of CyberCare's reorganization.
About CyberCare
The Company's technologies will include the rights to the certain patents and intellectual property rights currently contained in EarthFirst Technologies, Inc. (OTC BB:EFTI.OB - News). Under EarthFirst's previously announced planned merger with Cast-Crete Corporation, EarthFirst/Cast-Crete will become the co-proponent of the Plan of Reorganization of CyberCare, Inc. ("CyberCare") (Other OTC:CYBR.PK - News). After the merger with Cast-Crete and CyberCare's emergence from reorganization, EarthFirst/Cast-Crete intends to combine the existing energy technologies with CyberCare's technology assets
John Stanton has clearly announced
that the merger with cast crete will happen before the end of the year. He has also stated in a recent press release
TWELVE MONTHS PRO FORMA EARNINGS
JULY, 2006 - JUNE, 2007
Sales $ 150,000,000
Earnings before interest and taxes 65,000,000
Interest expense on Acquisition Debt (25,000,000)
Income taxes (16,000,000)
---------------
Net Income $ 24,000,000
===============
Estimated Outstanding Shares 15,000,000
(Post 1 for 60 reverse split)
Earnings Per Share (EPS) $ 1.60
This is clearly based on todays share account 2.5 cents earnings per share. With a pe of 15 that puts this stock at 42 cents. Thats not even factoring profits from EME division.
I was fortunate to speak to Ron Blackburn today. Most times I try to catch him, he is in meetings, on the phone, or out of the office. The notice for eviction was a filing that the landlord made against PBLS. It is about the fifth attempt from my understanding. The company has hired very good legal counsel and is confident that their position will hold up in court. He also mentioned that the sand and gravel business is an extremely small part of their business in sales or profit.
They are not going to give up the business, but it is a very small part of their business. The law from my understanding is very much in favor of PBLS. Their attorneys are extremely confident in their position. But when I mentioned to Ron that there is wild speculation about the company going bankrupt if they lose the pit. He laughed at such a ridiculous notion, and added the fact that they have millions of dollars of cash in the bank at their disposal. I asked him the question, does the share price affect the company going forward. He said not at all. The company is fundamentally very strong.
He is looking forward to even a better year in 2007. The management plans on growing this company to a billion in sales. It might take a few years he added, but that is their intention. I probably spent 45 minutes talking to him, and covered a lot of ground. I asked him all the tough questions and very satisfied with all the answers I got. Yes they are doing everything in their power on getting their financials up-to-date to become a fully reporting company. It's a very big task with all their divisions, and it just takes time. But it will happen for sure. He said that the number one concern management has is focusing on the day to day operations of the business, and growing the business. Even though they don't like the share price being shorted the way it has been, they do feel the company will dig themselves out of this mess by performing. I could not agree more. I personally think the shorts are going to lose big on this one. That's why they're nailing it so hard. Once the company becomes fully reporting a whole new audiences is going to come into buying the stock. With a few quarters of earnings back to back increasing as well as net profits increasing will break the shorts back. At that point, this stock could run like mad. Good luck to all longs. Try not to worry about your short-term losses. Try to be confident about the future and not to worry. Good luck. I hope to meet some of you in a future shareholders meeting when we are all a lot wealthier.
You cannot make false and misleading press releases if you are publically traded. Even if you are not fully reporting.
Their is also zero indication the company has lied about anything. I was paid back for a million shares at 3 cents.
That tells me the company feeels their stock is undervalued at even 3 cents. That they are honest. And that they have cash.
I am going to call the company tomorrow and ask very specific questions to to help dispel some of the rumors that are flying around on this board. Let's face it. If this was not such a good buy, there would not be so much volume in the stock. No one in their right mind is selling. So half of that has to be buying. The company has already announced they feel the best acquisition so far has been Best Jets.
I find stocks that are falling apart, usually fall apart on small volume. This is a very unusual situation. If you look at a four-month chart, the volume has been increasing. Yes, possibly a little less money, but it is rare for the volume to be so strong in a stock that has been falling so heavily.
I talked to Mike Mullshine today. He said that a lot of shareholders are calling in very worried. I don't blame them.
Nine out of 10 times a stock falls like this, it is usually very bad. I personally feel this one is going to be the exception. I know the company has slotted so much money a week to buy back shares. At these prices they can buy back a lot more for the same money. As they buy back, it will all benefit us in the end by shrinking the outstanding shares and increasing each shareholders value.
The company announced when the stock was close to four cents that they felt the stock was very undervalued and that they would buy back any shares at three cents. It is my understanding they bought back 28 million shares in that offering. I personally do not feel there have been many sellers under three cents. I would speculate 45% of the volume each day is a naked shorting.
Over the last 16 weeks there has been over a billion shares
traded in the stock. I personally feel 450 million of those have been shorts. I heard estimates of 200 million shares
were shorted prior to that time. I don't know how the shorts are going to win. This company has too many good things going for it. I am sure that whoever is doing it feels that driving the stock down even at these levels they can win the game.
Here is weekly volume
07/14 24,804,076
07/21 49,014,364
07/28 34,436,342
08/04 82,727,762
08/11 49,513,180
08/18 70,576,796
08/25 103,067,585
09/01 55,784,154
09/08 36,941,056
09/15 75,676,822
09/22 72,171,702
09/29 103,583,622
10/06 57,591,320
10/13 78,222,026
10/20 113,136,452
10/24 65,211,895 This week so far
Total 1,072,452,000 last 3 numbers rounded off
In regards to all the worry about Murphy Sand and gravel.
They were very clear in their shareholder update press release
which was on September 26 that they were to legal actions in regards to the pit. I copied it below. The pits are a very small part of their business. They are talking about earning $206 million this year and only five to 8 million from the pits. This is not a substantial part of their business.
I personally get the impression that they are going to win.
The one suit they talk about winning millions possibly from the Mississippi bank.
Murphy Sand and Gravel - Installation of approximately $5 million of new mining equipment should be completed by the end of Q4. Once operational it should increase revenues at Murphy by $5 million to $8 million per year.
The Department of Transportation load limit restrictions cause the wide spread in increased revenues shown above. Once the load limits are eased, revenues could again increase sharply.
Phoenix currently has two separate legal actions ongoing relating to Murphy Sand and Gravel. Both actions have been ongoing for several years, but in the interest of becoming more transparent to shareholders we feel an update is appropriate.
The first action is between a Mississippi bank and Murphy Sand and Gravel.
Several years ago MS&G purchased several pieces of equipment from a Mississippi Manufacturer. The equipment was produced and a large amount of the purchase price paid. The equipment in question did not perform to specification and a settlement was made between MS&G/Phoenix and the company the equipment was purchased from.
The manufacturer in this case did not disclose to MS&G/Phoenix or the company the equipment was purchased through, that a loan was taken out by the manufacturer in Mississippi. That loan was defaulted on by the Manufacturer, even though far more monies were paid to the Manufacturer than the loan amount.
The Mississippi bank subsequently filed suit in Louisiana and even though it had no UCC1 filing on the equipment, convinced a local judge that UCC1 Law did not matter nor was it ever taken under consideration. Part of the equipment was sold to pay off the lien at the Mississippi bank.
Phoenix filed an appeal on the matter and has won on a 2-1 decision at the first appeal and 4-1 decision at the second appeal. Currently the matter is trying to be appealed (by the Mississippi Bank) to the Louisiana Supreme Court. MS&G/Phoenix is being represented by Attorneys, Thomas Schafer, George Denegre, Jr. and the firm of Liskow and Lewis before the Supreme Court.
Phoenix and its attorneys collectively believe that its efforts will be successful and that Phoenix will proceed to win substantial damages from the Mississippi bank (multi millions).
The second action is based on an ongoing legal action in which MS&G/Phoenix has sued the leaseholder on the MS&G site for repeatedly interfering with its business. Recently, a local Judge heard a motion from the leaseholder that M S & G/Phoenix had entered into sub leases which would be a violation of our lease agreement. Even though MS&G/Phoenix attorneys assured us that was not the case, the judge ruled otherwise.
Phoenix is filing an appeal that will set aside said Judgment until the Appellate Court and Supreme Court decide the issue. This will take time as this will probably establish new case law. The preponderance of evidence of law from the Appeals Court, the Supreme Court, and Louisiana Mineral Code make Phoenix confident that our efforts will be successful. Additionally, Phoenix will continue its efforts to come to a suitable negotiated resolution which could include outright purchase of the property.
In the interim the Company will continue to develop it's mining program and revenues are expected to exceed $8-$10 million in 2007.
If anyone can help me out here I would appreciate it very much. I have been a shareholder for many months and have taken a very large loss in the stock. The reason I bought this stock I felt he was a conservative ethanol play due to its press release on Monday May 8 that they report record revenues and net income for fiscal 2005. The company posted 5.89 million and net income of one million. The press release also states that blue diamond anticipates exceeding revenue goals moving forward.
When I called John moaning and asked him how we were generating profits. He got paranoid and started questioning me if I was a shareholder. He told me I had to prove to him that I was a shareholder before I could speak to him.
I had to fax over my positions in both Track Data and E*TRADE.
I also sent the following e-mail as well to John Moaning.
John Moaning,
I think it is very un orthodox to make me or any other shareholder to prove to you that they are share holder. I invested in this company as a conservative investment In the Bio-fuels Industry. You stated In a May 8 press release an agriculture, biofuels and commercial development company, announced today audited fiscal 2005 financial statements. The company posted record revenues of $5.89 Million and net income of $1.03 Million for fiscal 2005 as compared to revenues of $5.14 Million and $923,000 net income for fiscal 2004. That is why invested in you company. When I last spoke to you a couple months back at a much higher share price you avoided answering my questions. I asked you how we were earning her money and he said that the earnings are coming from areas outside of the goat farming business. When asked what that was, you seemed to get paranoid and start questioning who I was. I hope once and for all you can call me and and we can discuss the future of this company and what is happening currently. I would like to lower my cost penny average if I think the company has a future and is legitimate.
Sincerely,
Scott Robbins
Needless to say he is never called me back. When I call now and he answers which is rare, he hangs up on me. I've never once been rude to this person. I think he's a scam artist and crazy to boot. My friend whose handle is IHDR had conversations with him in the past and told me he was a total outright liar and to avoid the stock like the plague. I wish I had followed his advice. If anyone knows anything about this company please call me and let me know I am not in a scam. I would buy to lower my cost our average if I knew this was not a scam, but the way the CEO treats me I get the impression that it is. If I don't hear back from some shareholders I will be filing formal complaints with the SEC.
My name is Scott and I can be reached at 570-472-2287
Thank you
PS- I think the dilution from what I can tell has been huge
I think I remember the old IR firm telling me it was a little over 100 million shares outstanding. I think I read a post somewhere now that it is 500 million or more. If anyone knows the outstanding shares please let me know.
Sedona still has a large short position in its stock.
I did not speak to Mike Mullshine, so you're wrong on that part. I am sorry but is Mike Mullshine senior level management at Sedona. You don't seem to bright. Mike Mullshine is an investors relations person who no longer even works for Sedona in regards to that position. The people at Sedona very much understand naked shorting. Their stock was destroyed by it and they have been involved in a very lengthy, expensive legal battle over it for many years. The reason Sedona has not had a short squeeze is because they have not had positive earnings yet. It doesn't take a rocket scientist to figure this one out. But I for one think the future does not look good for the shorts who still hold a short position in Sedona. The company is definitely turning around and I expect each quarter going forward to be much better.