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Real,
Not sure - the post was on another board apparently. I went looking for it on our board and ended up with a post by Bagwa. So I assumed the worst - my error.
D
Easycome92
My apologies. I went looking for the post on this board and came up with a different post - didn't know yours was made on the other board. Sorry for making the assumption from not paying close enough attention.
D
Gnu,
7 million for the pinks, and seven times the previous year's profit isn't half bad, though, as you state, there were expectations it would be higher in 2006 (suspcious looking post isn't it?). I expect it is higher than 7 million and someone is trying to climb on the boat before it sails. But even at 7 million, I can't point to too many pinks that can make even this claim, or stocks on the bulletin board with this potential. Interesting day.
Anyone on this board from NYC and able to catch the presentation?
I'm guessing (A)
I've been watching LTHU move from .02 to .14 over the last several weeks on anticipation of moving back to the bulletin board, clearing up its financials, and the possibility of an auto manufacturer deal for their new lithium ion battery that got a Prius to 125 mpg.
So here's PBLS - sitting at just under .02, with a real date out there for the share count, unaudited revenues that dwarf anything LTHU can claim now, and the specter of audited financials coming down the pike with potentially a similar move to the bulletin board depednding on how things turn out with the new levels in the pinkie kingdom. I think .05 before June 15th is a conservative guess.
Anyone else expecting a decent PR today? Trading sure indicates it.
PR - Brandt announced as CEO
http://biz.yahoo.com/bw/070521/20070521005658.html?.v=1
Mo,
I'm a small fish here - sold 5000 to cover my original 25 thou shares. Now I have 20 thou riding free. Small potatoes buy a happy guy.
Jim
Just saw the business wire announcement - doesn't it look like this exquation is adding up?
Toyota + Prius + Exide + Lthu = $$$$$
News is good
Though some may say the PR is no big news (I'd argue that, as I think organizational changes are always, by default, big news), the mere fact we have a PR, that PBLS is keeping the stock in the spotlight with announcements is good news going into June. Keep 'em coming, keep 'em building...
Ginger Meeks -
Found this searching on maiden name - not sure if same:
http://web.nbaa.org/public/cs/amc/2001/exhibits/homepage.cgi?site=3187
Brenda Norwood -
I couldn't find much via google, just a note on People in Aviation:
http://ain.gcnpublishing.com/content/news/single-news-page/article/people-in-aviation-may-2006/?no_c...
Brenda Miears-Norwood joined World Fuel Services working on domestic FBO business development. Michelle Lalor joined the company as a regional sales representative.
I'm sure smallfish will find out her favorite color and everything else.
Share structure was never specifically noted in PBLS's PR -
The goal of Pink Sheets is to provide shareholders and the investing public with a clear and complete understanding of the nature and operations of the Company's business. Including the products, services, assets, properties and facilities it owns and/or utilizes and its prospects for the future. Balance sheets and profit and loss statements are also required.
But I remember seeing it listed in the adequate reporting category for Pinks.
A way to keep things in perspective is how quickly sentiment can turn. Look at this board as evidence of that. Depending on news, investors are either in a state of euphoria or despair. Past credibility issues with PBLS would evaporate like morning dew if transparency, even just the share count, proved their much publicized numbers to be valid. Beating those numbers would even go further in turning it into one big PBLS Lovefest. Coming in much higher and we plunge into the slough of despair. The past means little in the market - current and future sentiment matter a great deal. The past only matters because the current sentiment isn't entirely rosey.
DoctorS
All comes down to where they are in their lives and why Lithium exists in the first place. Selling the company and moving on to do another start-up might be just what they want, just for the challenge. Or maybe, as the owners age, selling to an established company to help get the business to the next level and enjoying the ride.
I like your hostile take-over numbers. I'm sure you have far more shares than me (I'm a dabbler in this stock). But I'd like to see us hit those numbers down the road.
The contract news is what I'm really waiting for. That alone would validate this company almost as much as the financials would with such a vote of confidence.
I know this stock has a history of reverse splits, but wouldn't a buyout be more likely if they
get their finances in order
get a decent contract from a maor auto maker
Why wouldn't Exide by them, or one of the other major battery players? Just a thought.
Follow though would be a good thing. Since that easy item slipped by, let's hope they are now putting energy into more important things to follow through on before June 15th.
Even better, remove the decimal.
I see us floating neither up or down until the news is out (officially or unofficially...). I've told everyone I possibly can about this stock and if nothing else, it's entertainment value for the dollar (cheaper than Spiderman tickets and the ride lasts longer).
Still wishing I'll be buying a round of Hurricane's down in Pat O'Briens later this year after good news hits...
panl
I think El Corn is correct that I doubt we dip too far. There's too many folks in this going on two years that aren't going to bail just before June. I also think there is some greater credence in the June date than prior announcements by PBLS due to the lawyer and the move by the Pinks to force a bit PBLS's hand. That the hand needed forcing though, well, that does make the next few weeks interesting related to your statement about credibility. I'm hoping we at leat hold steady, perhaps stuck in the Sargasso Sea of mistrust and hope, until the news hits.
Good news - we're hanging around .017
Bad news - we're hanging around .017 with no new news.
I think we'll be sliding if they don't keep the news pot cooking. While I might buy more if they dip, I'd prefer not tempted to do so because the stock keeps creeping up.
Any thoughts from the board as to where we go from here over the next two weeks?
OT - has anyone looked at lthu lately?
Let's hope the next PR involves which major car manufacture is placing orders.
Real,
Another reason for optimism is that people took the deal. Anything to reduce the float is good news. The fact that PBLS is rolling out a flurry of PRs leading up to June is also room for optimism that it will continue. It would be great to see two PRs a week each of the next weeks. This is turning into great entertainment, certainly worth the price of admission, and the next weeks will fun to watch.
D
nothing's wrong with using them for acquisitions. Hey, if it adds value and profit I'm all for it. But if that was what the original 250 was for any way, why pull it out of one bucket and put it another, unless the setting aside technically meant nothing. That can be the case as well, merely a willingness to use up to 62 million of authorized for the purpose of preferred conversion.
Saw,
I know. I'm just wondering why the number was so high. Why cull out 62.5 million out of those previously authorized 250 for a purpose that is overkill at 62.5? As I said, nothing nefarious, it's what use is that other 45 million or so pulled aside going to be put to? Or did they just say, heck, let's grab 25% of the authorized 250 million, knowing its overkill, and see what happens? The latter seems a bit cavalier to me.
HMMMM
So we're left feeling good that the 62.5 million set aside was just a number pulled out of a hat to handle the preferred conversion? I do feel a bit uneasy if that number was picked so arbitrarily as it is entirely needless to do that. 1/12th of that would have more than covered what was needed.
Something else may be out there - either Paul is picking numbers out of the air (a bit disturbing) or the 62.5 was earmarked for the conversion and something else. Was the something else the other pit or some other purchase not yet PR'd? Is it possible to use this "set aside" 62.5 million for something other than the preferred? Is there any restriction on them, or are they still viewed just part of the authorized share bucket for PBLS to use, perhaps for acquisitions?
I'm not suggesting something nefarious here, just there seems to be a bit of smoke billowing up...
Simplify it this way:
Out of 250 million authorized shares, PBLS took 62.5 million and set them aside for conversion in the preferred deal.
If the entire common float is 800 million, and all were converted, PBLS would only need to use 4.7 million of the 62.5 million for the deal. If the float were 1.6 billion, PBLS would only need 9.4 million of the 62.5 million set aside.
So the question is why set aside 62.5 million in authorized shares if it would take 10 billion of common to convert them.
That's a very strange number to set aside unless that 62.5 can also be used for something else - I don't know if that is possible.
And the point I was driving at is that each day, a piece of the worry goes away. If losing the pit was a big concern for some, as past posting here indicates, hasn't that worry been reduced with the addition of the new pit? Paul is not just going to throw money into an empty hole, one would hope. The share count is coming. Big worry number two - not answered yet, but the uncertainty goes away.
I think things are looking good - I just want to hear more every day until the big PR comes.
My use of "Quiet Period" was a bit facetious, since PBLS has used that claim to clam up in the past about their business dealings. But they are beginning to seem chatty again, and there's a big backlog of news that, from where I sit, seems like should start getting shared. It'll be interesting to see how they manage their message going forward as that will help us see how much they've grown up, not only as a business, but in terms of marketing what they built during their past "quiet period."
Quiet Period -
Is it over? Share count in June, info on new pit imminent. And the old pit - there's still news we need to get on the last court date. Doesn't the ownership of a new cash cow temper any uneasiness about the old cash cow? Unaudited financials at least soon. Interest brewing in PBLS again, more eyes are upon us. And the wild cards being Best Jets, Progas, and condos / construction. It would be good for the investors if the heat stays turned up with a nice steady and controlled release of information, leading up the to AFs. Today's news certainly make that seem a possibility again, but I thought this was happening at the start of the year and was wrong.
Yeah, that's one sweet line. I hope it's more financials than just this deal. As this is a 2007 deal, it wouldn't be the cause of the delay in the AFs, but maybe they want to include some YTD figures when they get there.
Good news for PBLS bad news for New Orleans - this NY Times article appeared on my work news intranet site - I don't have the original link - pasted only the first portion of the article:
Levee Repairs Show Signs Of Flaws
By John Schwartz
May 6, 2007
Some of the most celebrated levee repairs by the Army Corps of Engineers after Hurricane Katrina are already showing signs of serious flaws, a leading critic of the corps says.
The critic, Robert G. Bea, a professor of engineering at the University of California, Berkeley, said he encountered several areas of concern on a tour in March.
The most troubling, Dr. Bea said, was erosion on a levee by the Mississippi River Gulf Outlet, a navigation canal that helped channel water into New Orleans during the storm.
Breaches in that 13-mile levee devastated communities in St. Bernard Parish, just east of New Orleans, and the rapid reconstruction of the barrier was hailed as one of the corps’ most significant rebuilding achievements in the months after the storm.
But Dr. Bea, an author of a blistering 2006 report on the levee failures paid for by the National Science Foundation, said erosion furrows, or rills, suggest that “the risks are still high.” Heavy storms, he said, may cause “tear-on-the-dotted-line levees.”
Dr. Bea examined the hurricane protection system at the request of National Geographic magazine, which is publishing photographs of the levee and an article on his concerns about the levee and other spots on its Web site at ngm.com/levees.
Corps officials argue that Dr. Bea is overstating the risk and say that they will reinspect elements of the levee system he has identified and fix problems they find. The disagreement underscores the difficulty of evaluating risk in hurricane protection here, where even dirt is a contentious issue. And discussing safety in a region still struggling with a 2005 disaster requires delicacy.
Here's hoping we both will be able to do more for others. Any thoughts on whether this is the start of perhaps a PR campaign by PBLS? As we move to the share count numbers, what would be the reason to remain "quiet" much longer?
Mr.Dale,
My area of expertise was 18th century gothic (British), and I remember reading a critique of Swift's "Excremental vision" which might have relevance to stocks and stock message boards as well. Certainly we've seen some PRs on that level...but it looks like we're moving again in the right direction regarding PBLS, typos and all. I would like a typo in my favor, say with a decimal point shifting to the right a bit on a .05 sell?
I think you have more shares than me, so it's all relative. But to allay your fears of my greed, I had said at the outset that if this baby hits big, I would be interested in setting up a college fund for kids in New Orleans from disadvantaged backgrounds - even if it meant I could only send one kid a year off to college. If we do get the big payday, maybe you'd like to kick in on that?
Gunnar,
Yours is my vote for post of the day. Once you have share count and AFs, the rest is just math, regardless of exchange. Granted, you get more institutional interest on the larger exchanges, but as the Pinkies go to grading levels within the exchange and if these levels prove to be reliable, there's no reason to ruch to the Ob and beyond.
5 dollars a share would be fine by me on any exchange!
Laissez les bons temps rouler!
Okay, if we can knock 50% of the uncertainty off this stock in June (share count) leaving the other 50% for later (AFs), that's decent progress.
Not only because it lets us do better math (real share count against unaudited financials), but think of the other uncertainty being laid to rest: The question was hanging out there as to whether they would ever release such numbers, whether therefore PBLS was reputable due to missing previous dates, whether soon meant this milennium or the next, whether they sold into the Katrina spike and hadn't addressed that or not, etc). If we see the share count, a lot of that uncertainty gets diminished or eliminated - will it all be good news? Maybe not, but concrete bad news can sometimes beat uncertainty, in fact frequently does as long as it isn't too bad.
Then the question becomes, how well are they at achieving their mission of helping companies become profitable (that is the whole reason they state for being a holding company in the first place). The unaudited numbers will give us a sense of that now, and once the share count is known, what would be the reason not to release auditied financials? If the bugaboo was share count behind the accounting secrecy, won't that be eliminated in June?
D
Found this article from March 19th 2007 on the Cleantech Blog
http://www.cleantechblog.com/labels/Lithium%20ion.html
BG info on LTHU and the battery technology.
MRDALE,
Stichomythia - my god, it's been awhile since I've seen that term - but appropriate to this electronic world.
If this does play out well, I plan on making a trip down to New Orleans to celebrate with some fellow investors from my work. If that happens, maybe we can all meet up in Maison Bourbon or some other French Quarter jazz bar, where we can apply some obstruse literary theory to message boards over a drink or two. Here's hoping we all end up with some good traveling money in the near future.
D -