by my watch there's still 30 seconds left

different company (AMPE is not AMEP)

American Petroleum....

Wow, I was actually right this time!

just to clarify:

I was merely making suggestions. I don't know what to believe, and am merely throwing out ideas. The only reason I can think of why they would hold the PPS down is because then they could generate more revenue down the road and blame the MMs for having held the price down, and none of us would ever really know what happened. That's the beauty of being in the pinks. But that doesn't mean I really think they're doing that, it's just a thought...

haha lmao! yeah, the message boards are also a haven for a few good people who tell the truth you lying $#!@%....no R/S in the works, huh? HAHAHA!!! The vultures on these boards are going to eat him alive for that....this is not RB, and even so there were people on RB that were predicting the R/S. Bottom line, those of us on the boards who believed in the company and his rounds of BS are taking yet another punch in the groin from the CEO we invested in. Wow, just, wow....he needs a new IR firm and a heavy shot of integrity, if you ask me.

Scott, if you had left that last sentence out you would only have been marginally vulnerable to criticism. However, do us a favor and quit s**t-talking your investors, it does nothing but hurt you, and US!

If we assume that the MMs are holding this back on purpose, it's also safe to assume that this will burst when we least expect it, which could be this morning or next Spring. Now that we've been infiltrated by hired hands, it's reasonable to think they're monitoring the boards and that they're not going to give us the pleasure we all seek....they're not going to raise the price and watch us take profits, leaving them with shares nobody will buy (or at least I can imagine them thinking that)!

And, if PBLS is going to jump past OTCBB to something like Nasdaq or Amex, I'll bet the MMs will shake the s**t out of this as long as possible. I think it was coydog on the other board who suggested we'll see a sharp drop before it goes up...I'm beginning to agree...

To me it doesn't matter when they start...what matters is how long they will take to buyback the shares...1 day, 1 week, 1 month, 1 year? They left the timeline out of the PR, which may indicate that they're going to do it 'under the hood'.

I think it was QLogic who announced a buyback plan last week or the week before, and they stated they would be buying back shares over the next 2 years....

I'm sure Phoenix is going to do something about the PPS. But since they're not going to file until probably mid-2006, they have a while to do something about it.

No need for tempers to flare here...

yep...makes sense to me too. tomorrow should be a telling day, excitement or not...

if it's true that they cannot purchase during the first and last hours, that would explain why the volume deadened right before 3:00

this time of day (though usually before 3:00 pm EST) there is typically a volume break. Volume usually goes up 10-20% right before closee...

I agree...I can't imagine they would initiate a buyback and continue buying shares at outrageously high prices...doesn't make sense. What they might do, however, is buyback more than 100M in the .025 range, retire 100M, then announce kick-a$$ audited financials and ride the wave up to generate some extra revenue.

maybe this was announced so that they could buyback shares dirt cheap, and then they'll go 'Psyche! we were kidding all along!' and cancel the R/S. That would be hilarious.

Still wouldn't get my money back though :(

on the other hand, investors will look at the R/S and think "ah, that's how they did it"...no matter how you slice it a R/S in IGTN's case was a bad idea imho

yep, the uplisting will be good. remember though it takes 90-120 days for an uplisting to be approved. I'm assuming the R/S will happen prior?

several people on this board and the pebblers board were suggesting that switch. Personally I'm not closely familiar with either one but Businesswire does seem to talk about more prominent companies.

we also have to consider a standard retracement as a possibility for the price today

don't jinx us :) the MMs have kept the price down on what we all think is multiple great PRs...a bad PR might just send this through the floor so the MMs could cover.

T+17 days and counting on the R/S...dang they can't even get their shareholder screwings done on time. Let's get on with the pain already...

well, they did switch to businesswire...

not too quiet...over a million shares went through in the past 30 seconds...

you're right...I was merely posting it as a personal favor. Clearly this is a free zone per the title.

OT: everytime I look at LVCP it shows $1.01/share, no volume and no bid/ask...what gives?

I, for one, would prefer the GWB and Iraq discussion be done in PM'ing and be left off this board. There's nothing like a political contraversy to send tempers rising and negativity throughout...this board is one of the few civil boards out there and it would be nice to keep it that way. Besides, there are plenty of lengthy discussions on Fark.com everytime a link gets submitted about the subject...

the bounce and today's range:

it should be noted that we bounced off the 100 day SMA around .04 and peaked just above the 50 day SMA this morning. Not necessarily indicative but cool nonetheless...

apparently...I was kicking myself constantly for not having any money available to buy when it reached .041...now I'm kicking myself even more :)

there must be news comin'....look at the PPS fly!!! Hawk, you must be good luck for the stock :)

What ceases to amaze me is that AMEP is not even a profitable company yet, but it's price is at .057 right now based solely on the speculation that they will become profitable soon, because they will *start* drilling *a* well.

Phoenix is 10 times the company AMEP is, yet their price is less than 50%....I just don't get it...well, other than MM/management/shorts/flippers games....

The most important lesson here, imo, is never, ever piss off your shareholders. I still own stock in this company but I have no problems whatsoever saying my opinions about Sand. Why? Because I want them to wake up and smell what they're shoveling, and *maybe* we can get out of this mess. I bet alot of shareholders feel this way also, and it's our right to let people know about the company's attitude towards its investors.

If they had done a better job with investor relations perhaps their shareholder base wouldn't be so negative, and now they're going to have a difficult time finding new money. I wouldn't invest now either, because clearly their financial status and future are looking kinda grim. But I would've given them the benefit of the doubt if they hadn't flat-out lied to their shareholders.

Sigh...

Seattle trip:

you know, there is another large Seattle-based company they could be acquiring....this is a joke obviously but wouldn't it be hilarious :)

do the MMs monitor these boards?

um, I believe that was my point?

these are projected revenues...not official ones

no it would not increase the value of the holdings, as long as the holdings were already at that value. Obviously reserves is a bad example, but the point is that if I had $720M to buy assets like oil reserves, then I would already be worth at least $720M, and my shares should reflect that net worth. Phoenix has $720M in assets via oil reserves. The stock should therefore be valued much higher than it is regardless of how it was mpurchased

Gotcha...what they'd have to do then is to say they're buying back 100M shares, and instead just retire 100M they already have and sell another 100M in the ensuing buying spree...am I following you correctly?

It doesn't matter how much they paid. The fact of the matter is that they now own them. If I paid $720M for $720M in oil reserves, wouldn't that make me still worth $720M?

Just b/c the Co said they were going to buy back 100 million does not mean that they are not selling shares to raise Cash...
It only means that they stated a "half truth"...

The only way they could have done this is if they bought all of it yesterday, which clearly they didn't. We've steadily declined for nearly the past month, so if they are buying back 100M anytime after mid-Oct, they would currently be selling with at best only 10-20% profit and at worst a loss...

right?

what I'd like to know is how on earth they managed to make this purchase! $190M in revenues is no small company. Hell, AMEP barely has any revenues *at all* right now and their stock is worth nearly twice as much!

hmm...perhaps it could do this because it was not based in America? no idea if that could happen here, but if it's true that PBLS could go to AMEX once their audits are complete then I wouldn't worry about it

interesting way of looking at it, but that's not how I saw it....investing on potential, speculating on emotions....why wait for great profit when I can wait for great profit and make some play money on the way up?

both! check my past posts and you will see comments about my having both long-term and short-term positions, for investment and speculation respectively. Although, in today's case I think most people are investing, as the PR did state $190M/yr revenues from the company is an audited figure. Given the situation Phoenix is in, and the fact that they are almost in a position to skip up to AMEX, I think you'd be a fool not to *invest* at least some money in this company.

This stock is difficult to speculate on, however...I predicted a .028 rock bottom a while back, and clearly that was broken for a few trading days, so my speculation was off a bit. AMEP was a little easier since it was a purely oil and NG play...imho