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I've heard:
2 drilling companies and a bank Through the grapevine.
I agree we might as well all get it out now.
They have this week to explain.
They have crossed criminal lines. They gave out insider knowledge to people. AND PEOPLE traded on it. The company is either going to give us this information or they are going to give it to the SEC.
Shares.
"It was explained further that the Company really did not need to increase the authorized common shares at this time, and will continue to repurchase common shares as stated in earlier news releases. The Company made it clear that they could not break the resolution apart and only increase the preferred shares. It was a decision to implement the resolution in full or not at all."
http://pbls.biz/pressrelease_content.asp?prid=63
Phoenix Announces Stock Buy Back Program - See the press release for more details. (June 19, 2006)
"Finally, with all said and all major acquisitions completed, Phoenix will increase its activities to become fully reporting. Phoenix expects that when it files that Form-10 the total issued and outstanding shares of its common stock will not exceed 815 million shares of which approximately 40% will be restricted."
http://pbls.biz/pressrelease_content.asp?prid=82
Son of a BITCH.
They have some explaining to do. That just got updated. Thanks Roach.
Hey gang I'm not trying to get
everyone on the war path right now. Let's all try and maintain clear heads and give the company the chance to show the cards. For now I'd like to ask us all to keep the boards clear of lawsuit talk. Let's give them a chance to explain what is going on...and YES SOMETHING is going on.
For now I'm maintaining that nothing has changed...other than about 75K dollars! ouch! :)
Bagawa had the best advise. Let's all walk away from it for a few days and spend time with the family. Life is good.
Cheers.
I don't really want to post much
right now because I have a lot of things to sort out.
BUT I WILL SAY THIS. If it turns out that the OS is way beyond what the company pr'd AND THEY ONLY GAVE this info to select people AND THE PRICE plummeted. I have one think to say about that. Shareholder lawsuit. No if's, and's, but's about it.
Ole Miss indeed.
I did a fair amount of partying at Ms State as well though. Funny times indeed. Now I live in Boston and work in Cambridge...totally different world.
It's not correct to say PBLS
is posting A/F's. What is true is that PBLS is going to publish the information necassary to be listed on the pinksheets as a "current information" provider. We should get share structre, and estimated profits of around 7-9 million. Share structure is most likely going to be under 800M.
I think roudn 3 went to US!
That fact that it bounced right back is bullish to me. I think a small group or one perosn tried to take this down to get more cheap....they failed. Either that or the MM's...but whatever happened failed because the price bounced rigth back like a champ.
apparently I would not win
on "Are you smarter than a fifth grader" when it comes to spelling.
Go PBLS!!!!
Ladies and Gentelmen.....
Welcome to the maaaaaaiiiiiiiinnnnnn EVVVEEEENNNT!
Today's action was BULLISH IMO.
I was busy at work all day so missed the whole thing, but it looked a lot like manipulation to me. Anyway I figure someone knows the numbers are coming and they intentionally tried to shake loose hands. I hope know one got scared and sold!
I've been around awhile too
but I have NEVER seen the company pr a date.
Xylan,
PBLS is going to release the numbers this week week regardless. It will be up to pinksheets to apply the label "current information" to the PBLS page on pinksheets.com. It's possible that pinksheets.com will take until August to perform this action, but I feel confident that PBLS will release what they have this week.
and many of us have talked with
many of them.
nano Amen.
jockyee I'm pretty sure that
those of us that have bought all the way down are not big enough fools to loose money at this point.
PBLS will do good....Like I said before Ron Blackburn doens't have it in him to loose. He's one of those people that will win at all costs.
Yep.
PBLS is about to finaly lift the viel and show us patient investors what is underneath.
Thank you Time
I'm excited about it. I love her more than PBLS! lol
Cheers
CC lol
Funny you say that. It seems like it wasn't that long ago when I first bought in. When I bought my first shares PBLS was at 3 cents. I'be been around over a year now......not so new I guess.
Good things are coming. This I've always known. I've had my bitter moments against this company, but the DD I've done has allowed me to hold this down to a 75% loss and buy my arse off.
Cheers
panl that only true
if you don't consider asset value. PBLS is an emerging company. There is no REASON what so ever to value them based soley on EPS.
Also I'd like to point out that I like to take an overly negative point of view with regards to valuation. Personally I think we report aroun 7M profit, 200M revenue, and shareholder equity of around 100M.
If we do that then I say I'd be willing ot buy shares for anything less than 10 cents. That's without knowing the nitty gritty details...and of course we all know were the devil hides.
Another good point.
I know a lot of people are talking about a multiple of 10 and higher, but lets be realistic. PBLS has not exactly been transparent and forth coming with investors in the past.
So if they do report numbers that are excellent then I'd say we can support a multiple of about 2. Next quarter if the numbers are better and transparency is still there perhaps we support a multiple of 5. In a year if pbls has repeorted phenomenal numbers each quarter then I expect we can fully expect a multiple of 10 and a pps that will enable us to move off the pinks.
Call me pessamistic, but I'm actually just trying to be real. PBLS has lost a lot of investor trust over the last few years. They have also grown a tremendous business during that time. Those of us who were willing to dig deep beneath each pr know that in the end NSS and the current price per share don't matter. Eventually all profitable companies will be valued accordingly.
If good numbers come out friday and they short us back down I'm taking physical delivery of all my shares both IRA and non IRA. Anyone that has spoken to Ron Blackburn knows that he is not the kind of man to take a beating laying down. I'm pretty sure that as long as he has a breath of air he will work his butt of to kick the shorts in "their teeth" as he once said to me.
Cheers.
PUNTANG that is a very good point.
I agree with sawdin completely.
Right now the fact that the company is even going to post a profit is spectacular. I'm sure there will be caveats and such. I mean we didn't buy all those companies for free. All I'm saying is that PBLS has secured itself a business that should be able to grow and expand all on the backs of day traders during the Katrina Spike. ALL IN 2 YEARS.
I'm excited about the future and I'm excited about the current release because we can all finally put an end to some of the speculations that we have. Then we can start speculating on future business potential and quarterly earnings.
times are good.
If we beat those estimate
I hope like hell Katie gets away fom the door so she doesn't get hurt! lol
whirl
If the financials are solid it will be very easy to weather any storm. Right now we all speculate how undervalued PBLS is. Imagine what kind of death grip longs will put on their shares once we can SEE that we are undervalued!
Agreed.
I'm done with mining companies. Period. I don't care what the story or what the chart looks like. I don't understand the mining business therefore I'm no longer playing them.
And by the way I wasn't accusing.
I was asking...sorry about the missing ?
Really
cause if you read the whole paragraph you will notice the last sentence
"Beginning August 1, 2007, all companies will be assigned a final category and a corresponding icon which will be displayed next to the company's symbol everywhere it appears on pinksheets.com.
"
Vista are you intentionally trying to spread FUD.
It's pretty clear to everyone that takes the time to investigate.
ALL Pinksheet will be assigned a catagory whether they like it or not. This has nothing to do with what individual companies do or do not want. Those companies that wish to have a better catagory will have to provide pinksheets with the required information. What is so hard to understand about that?
Is it possible that pinksheets could have a delay in labeling PBLS as a "current information" provider? Sure. However more important that the stupid label from pinksheets is the information from PBLS. A label is a label is a lable.
It's the numbers and share structure that everyone wants.
Understand?
You can see what this will look like:
http://www.pinksheets.com/quote/quote.jsp?symbol=pbls
Notice in the top right hand corner. hopefully PBLS will only have a pink check mark soon.
Nope.
http://www.pinksheets.com/about/pr_042407.jsp
At least as I understand it they aren't reporting anything to the OTCQX.
what sawdin is trying to tell you
is that PBLS will have nothing to do with OTCQX. pinksheets is setting it's own ranking procedure. PBLS will be ranked as a "current information" provider by pinksheets...not OTCQX.
PBLS will have absolutly nothing to do with OTCQX.
sawdin the biggest problem
is going to be getting a pps of 25 cents so we can apply to the OTCQX.
I have so many questions...many of which will be answered Friday. No matter what I don't think 3 cents is a bad buy point.
That's correct.
I'm not expecting Friday's numbers to be audited. However they will be signed off by SEC council. I doubt they will be false or misleading. I expect them to be accurate and to the point. I wouldn't be suprised if some inform regarding the PIT is kept quite because of the litigation, but other than that I expect a very large pr Friday that will keep most busy over the weekend.
Cheers.
Transparency.
When the TA is ungagged, the financials are AUDITED, and PBLS files form 10. That's when you will see the large surge upwards of 25 cents. IMO.
I'd say the chance is slim.
I say this because PBLS has been very quite about pumping this news. Notice they haven't issued 15 pr's about this. The issued one. They have also publicly stated that they have been working on audited numbers for over 1 year.
PBLS will release the number on Friday. Will the pps respond? I have no idea. Alof of people are gun shy from all the scams this year.
bigfoot I know.
that's why I didn't report it. No harm no foul.
Cheers
bagwa
she is indeed my best friend.