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ot - but did the rabbit die?
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Jam,
Thanks - I would have thought the mineral reserves to show depletion of some level in six months, so that struck me as odd. Your answers were very helpful, especially the delay in hitting the books - I didn't know how much leeway was given on that point and since we don't know actual closing dates of these acquisitions in all cases that makes perfect sense.
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Well, there's good news in the release - nothing major but the numbers trend in the correct direction. The board reflects a sense of distrust in the numbers and PRs, only transparency would cure, but we should also remember these numbers do have an additional signature on them, so that is further along than we were a year ago. I'm no expert in financial statements, and someone may have pointed this out earlier, but how do we mine a pit and have no change to mineral reserves? How do we purchase companies and see no change in land, real estate holdings, or buildings? Or am I missing something?
Buildings 728,000 728,000
Land 225,000 225,000
Real Estate Holdings 11,002,642 11,002,642
Building Improvements 451,309 412,268
Machinery & Equipment 9,935,842 9,397,825
Furniture & Fixtures 220,114 177,065
Leasehold Improvements 18,549,000 18,549,000
Mineral Reserves 47,550,000 47,550,000
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A per centage loss of your investment over 30% gets you in the door...
on the pinks, being sceptical is a survival necessity.
I don't even trust myself any longer in terms of my own views of PBLS! I've been lately going up and down like our market cap... perhaps it's Cutting's medication that I've been stealing (I'm just down the hall from Cutting in the PBLS Sanitarium) that's having this manic impact on my moods.
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We know news on Q2s are due any moment (or possbily tomorrow) and PBLS is skidding sideways prior. That tells me (based on the fact we've seen wild swings prior to news before as the stock moved before the news) that Q2s aren't going to tell us much to excite us or harm us.
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The A/S is the key - remember, we can potentially go up to 4 billion last I looked. Here's hoping we never see that number except on the sign of some new burger franchise PBLS may buy...
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That same theory says that as you approach the speed of light your mass increases exponentially - another correlation to the buy buy and buy some more philosophy. It's all relative I guess (sorry, I had to add that last line).
I would like to know if we are a small gaggle of geese or a seriously large investment pool. There are, if I remember, SEC guidelines related to registered shareholders and company valuation that leads to reporting requirements as well, so it's not just an academic exercise I would think.
Thanks for the shifting view of our investor count - a real number that gets updated would help us see whether their marketing of the company to other investors is working through PRs, acquisitions, etc. as well and is another means of investors like us to evaluate their progress in growing the company, and a gauge of the confidence (if the numbers grow) of investors in the company.
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If I hear anything on the # of reg shareholders, I'll post it. I would think this an important item in the ongoing move toward transparency.
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# of registered shareholders -
I put in a question to MM yesterday on this item - waiting to hear back. Does anyone else know the number of registered shareholders for PBLS? Also asked if it would be posted on pink sheets along with q2.
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OT - lookin like a Primanti sandwich to me...
In today's liability driven world, it would not be unusual for a customer of ameritrade, scottrade etc. suing the broker for not protecting them by warning them that they were too heavily invested in a high-risk pinky. The answer your given will be very interesting, especially if there's any SEC reference in their reply.
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I have not as yet certed my shares, but I'm now going to do that, leaving perhaps 100 thou or so behind for the fast sell on a spike. I'm committed to the very long term (especially now the o/s is so high), and I'm getting a bit worried about ftd as well.
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Well, that's one advantage of ameritrade over scott. Thanks
Thanks- strade seems to be far more restrictive I guess, limiting my options.
Saw - do you have scottrade? I couldn't go higher than .08 online.
The highest sell permitted on my s-trade account for PBLS is .08 cents a share. Is it simply interesting that it matches the conversion value - did anyone look into that before or do other brokers not have such limits?
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OT - ROACH
I can't do PM, but will tell you my dad loved Genesee Cream Ale of all things. But he had an old clock he kept in the basement that was an advertisement for Duke Beer (which he also liked). Remember the huge lit "Have a Duke" clock on the side of the hill as you left Pittsburgh heading west toward the Squirrel Hill tunnel? It was a landmark of my childhood.
D - fense!
Sawdin,
I was away the last half of today, and as usual, something happens with this stock - I may be the IHUB curse on PBLS as when i watch it nothing boils...
Not sure if someone else already posted it, but if extending the deadline of the preferred swap out initially to October leant some credibility to the proposed partners buying ther billion shares of common, I think extending further to November AND raising the price to .08 lends even more credibility to that idea. Certainly (IMHDumbA**O) it shows PBLS views the current o/s as a liability, and at the same time, that they view the future as being pretty rosy if they continue to up the ante on the deal.
I've never been happier to be so common. They're on the right track to pull investors out of the post 2.5 billion funk.
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Forget Dr. Pepper, Moxie, and Lime Rickeys, how about a vintage Iron City Beer or a Stoney's?
I concur -
As much as many a while back groused about SOX, transparency and accountability of the numbers will continue to hold us back. A move to the BB would also attract more speculative institutional investment firms, unless removing the yield sign on PBLS accomplishes a similar sense of credibility here in pinky land.
Does anyone know if our outstanding shares are higher today - could this drop be to a supply - demand imbalance, as well as our partners sitting on the sidelines?
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Agree -
I was going to post a similar idea this morning as well - the transfer reduces the outstanding shares as the shares are retired, decreasing the need for an R/S. In that case, I'd like to see them buy 1 billion before we hit .06 (of course, that seems unlikely), transferring gets them around 6 million preferred with voting rights on the full billion. That would leave PBLS to reduce the outstanding further from the 1.5 billion that would remain after conversion (fueling an even higher PPS).
So the question is, how much can be bought on the open market up to the .06 share price?
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what about number of share holders? That's a key item as well.
Green as well today - and hoping for even greener pastures ahead.
could pbls be supplying aggregate elsewhere because of being locked out / limited in their own backyard? Knowing the way the government and corporations work, shutting out the little guy is commonplace, or forcing them to submit to terms that are unattractive. Wouldn't be the first time that politics' affect on markets forced sellers to look further afield for the big dollars. Just a thought FWIW - the fact that there's a market further afield makes this not a big issue even if true, so I'm happy either way with the mere fact there's a contract.
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Been away - Strange days indeed
Wow, turn my back for three days and a lot changes! Let's see, a pr with some nice dollars attached to it, and the stock goes up!
a pr stating the holy grail is imminent (ungagging the TA), and no pps plunge as we've seen ahead of other impending PBLS announcements (and ungagging the TA is one heck of an "on-going" announcement). in fact, the stock goes up!
Q2 numbers by the 15th. Knowledge of how many shareholders we have, shares we have, share structure - can the audited financials be far behind? If we get another contract like the one above, despite our current pps / pink sheets listing, some of the more risk-taking investment firms might start looking our way. Then it's show time. It's odd feeling optimistic again.
Now if we can reduce the share bloat down the road, this stock might become a bit more agile...
Dare I mention the last one, to quote Randy Newman:
"Short people got no reason, short people got no reason to live."
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Roach,
Some affordable housing is going on in Laurel but no mention of us that I've found - here's a company called CHC:
http://ir.centerline.com/phoenix.zhtml?c=74331&p=irol-newsArticle_Print&ID=1023030&highl...
I couldn't find any reference to doc starling, ron bruce, Phoenix, alonzo, or PBLS in relation to Laurel MS and housing.
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Roach,
My current biggest fear - 4 billion is a lot of shares.
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Pnew,
My math works the same up here - 2.85 billion. Why can't they honestly state in a PR what the share count is, or, knowing what they posted is wrong or misleading, correct it? That's a simple thing to do. I just want to be able to trust the information in their PRs a bit more, and PBLS is not owning up to their responsibility to do that. Anyone who buries their head in the sand about this sort of shenanigans is not being honest with themselves either.
Still holding, but patience worn exceedingly thin.
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They need to redo the PR and state what the A/S and the Outstanding shares are. That's what I'd do if I were them after making the glaring mistake in the PR of relating authorized to outstanding. It just muddies the water needlessly. Or, we wait and see what number gets posted on the pinksheets site once it's updated. My choice is to wait and see what the lawyer afixes his name to.
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Are you sure?
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Yep, the PR should have said they raised the authorized from 2 billion to 2.5 billion instead of basing the increase on the outstanding (1.75) which leads me to think that the authorized is really the available and therefore we're really at 2.75 billion. At least, by jumbling it all up, the PR becomes useless on that point.
Until they can clarify, I'll assume the worst case scenario going forward as that is safest until they ungag the TA. However, when they dipped into the kitty to go to 2.5 (available) did they increase the authorized further? There's no way to know.
Still holding as I'm a masochist
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Another question -
Pinksheets states the authorized shares are 2 billion and the outstanding shares at 1.75 billion. The latest Pr then states "its Board has approved an increased in the number of authorized shares of its common stock from 1.75 billion to 2.5 billion shares." Okay, so they mixed up authorized and outstanding in the PR. Does this mean the real authorized share count is 2.75 billion and the outstanding is 2.5? Or, knowing they had 2 billion beyond the currently authorized 2 billion to play with, could we be higher than 2.75 billion authorized when the dust settles? This all would be clearer if they ungag the TA and get the terms correct in the PR. I am assuming currently that the authorized share count is 2.75 based on their PR.
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OT -
Well, sitting at the new park even during a loss is a pleasure. Unfortunately I moved out of Pennsylvania so I'm a long distance fan in the land of Red Sox and yankees fans. It's not pretty.
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OT - There's another Pirates fan in the world? Who'd have thought it possible...
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Agree completely.
I don't mind if CEOs make money if the shareholders do as well. I was anticipating worse financial numbers for first quarter due to the fact they weren't part of the initial release of info to pink sheets a while back, so I'm pleasantly surprised the Q! #s don't look worse. However, the numbers mean little without the question on the preferreds being addressed. We're back to where we were over a year ago - everyone hoping that the share count and unaudited numbers would send this soaring, otherwise the best PR in the world would do little to the share price. So now we have a little less than half that picture (unaudited financials, but at a general level) and the share structure question keeps holding us back. PRs will not move this stock, Q2 numbers will not move this stock regardless of how good they look. Only clarification on the shares will at this stage, the only question is which direction? Until then, enjoy the summer as there's not much else to watch in the interim.
Sorry - this news apparently came out this morning - too busy with my real job to have noticed. Funny, it apparently had little to no impact on the board or the PPS - we have become a jaded bunch. I guess that means that those who've seen the finances for the first half of the year are not impressed and will not drive the PPS higher (yes, i'm a major believer in the idea that markets are not fair), or we'd be truly trending up more than a fraction today.
Put me in the camp expecting less than stellar news by August 1, but i continue to hope that the bad news will at least be more transparent by then.
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Q1 and Q2 finances due by August 1
Phoenix to Release Q1 & Q2-2007 Results by Aug 1st and Aug 15th, Respectively
Company Will Be in Full Compliance With Pink Sheets Guidelines to Maintain Its Status as "Current Information" Provider
MADISONVILLE, LA--(Marketwire - July 13, 2007) - Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced that the Company intends to update its financial full disclosure documents with Pink Sheets to include Q1-2007 financial results by August 1, 2007, and Q2-2007 financial results by August 15, 2007 so as to be in compliance with requirements to be categorized as a "Current Information" provider under the new Pink Sheets categorization system.
Phoenix has had many recent calls and emails from shareholders asking whether the Company would be making Q1 and Q2-2007 financial disclosures via the Pink Sheets disclosure process by the dates required to maintain its status as a Current Information provider. This release is intended to assure all PBLS shareholders that Phoenix will meet the required disclosure dates.
I'm not waiting for transparency any longer, I'm just waiting for them to own the company I work for...
Well, the last three days does appear to be the start of what the pre June 15th PR stated as a series of announcements regarding acquisitions etc. That is very encouraging, both in terms of the news itself, and the apparent follow-through on that promise. It was needed badly.
I'm making the assumption, and would like others to weigh in, that if we're getting these companies apparently so cheaply and without stock (not stated as such in the PRs), it would seem likely to me that we are acquiring smaller, mom and pop companies, who may be struggling, may have debt, and PBLS is riding in and making an offer to put cash on the table to reduce that debt, increase their customer base (through business routed from our other divisions), and give these owners a larger company to move about in for their own career growth as well as increasing their own personal income. These owners appear, at least for now, to be staying on, and that fact is one of the key indicators that there's still promise in the future - at least for them and their business. The question as long as the TA stays gagged, is the same true for the common shareholder?
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