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Another I here, though it feels as if it's been getting poked quite a bit as of late.
Out of the last ten PRs, only five were done on a Tuesday or Thursday - so I think the pattern has been broken. I'm for sitting pretty until the ducks are in order.
Lower volume can help this inch higher but it can also cause it to drift lower in the absence of real news - my preference of course is higher, along with everyone else. But as I don't expect real news, I expect we keep waffling through yearend, inching higher at best.
I don't see why they'd waste a PR on unaudited results now if they are close to filing audited results in the first quarter to early second quarter of next year. Why steal the thunder? If the past is prologue, they didn't feel compelled to state anything regarding a calendar year-end financial review at the end of 2005 (of course they were more focused on acquisitions then as opposed to now).
We may see a ProGas / Rome Oil PR (long overdue), update on the pit and the impact of the new equipment in relation to filling orders, or Heaslip and 3-D (we should be hearing how they're faring in the post-Katrina construction environment). Otherwise, I'm just waiting for early 2007 when I hope the real news comes out - share structure and the filing of the form 10. As it was said in an earlier post, PRs are doing little to move this stock. Why waste them without the form 10?
But hey, I like surprises at Christmas and wouldn't mind a good one. Here's to hoping I'm dead wrong about all I just wrote.
Mo,
Yours was the last post I read Friday as I left work. What a nice thought to go dreaming into the weekend with. Any potential for naked short covering is tasty since if it happens quickly enough, it might help limit the impact of my primary worry with any penny stock - a reverse stock split that limits my potential gain. I know with PBLS doing a buyback that scenario seems highly unlikely, but as long as no one knows how many shares truly are outstanding, it remains a possibility.
Back to dreaming.
Thanks for the info - that would be good news even at half or one quarter of that amount.
I was in New Orleans last in 1981 when the Univ of Pitt beat Georgia with a Hail Mary pass in the last two minutes of the sugar bowl in the Superdome (Herschel Walker was playing for the bulldogs then). new Orleans, new years eve, the french quarter, and Pitt's victory, made it one sweet trip. I still remember the bartender's line in Pat O'Briens the day after the game, after the Georgia fans went home with their stubby tails between their legs: "The Georgia fans came down here with ten dollars and one pair of underwear, and they left without changing either."
What a blast.
Your question makes me wonder in general why we don't hear more news regarding the New Orleans clean-up (and therefore PBLS's involvement as well as BUGs). You'd think any association with helping out down there is good PR, so why the lack of news unless, as they've said, there's little being done with bridge limits afftecting hauling, etc. Certainly up north here, New Orleans could have fallen into the Guld in the past week and I doubt our news would even cover it.
Not sure if BUGS is still helping New Orleans - all their recent PRS have focused on the expansion of their business in Mexico. Very little news outside of those efforts with SSWM.
You may beat me there, here's a few stocks with their legs tied back right now -
LTHU, HTRE, BUGS
I can substitute the red in my portfolio for cranberry sauce...
I think I'm getting the message that I should go back to buying lotto tickets at the liquor store.
As most of mys tocks appear to be turning into Turkeys, the Holidays will have an extra meaning this year.
Anyone post this previously for 10/6/2006? I must admit to not paying much attention lately to this stock:
http://www.aitechnical.com/directional-drilling/2006/10/directional-drilling-blm-plan-calls-for-dril...
BATTLEMENT MESA In two decades, an aerial view of the Roan Plateau could reveal nearly 200 natural gas well pads dotted along the much-contested plateaus high ridges and below its rim.
A federal court decision to reinstate former President Bill Clintons Roadless Rule could make new oil and gas drilling on the Bridger-Tetons 1.4 million inventoried roadless acres more difficult, according to conservation groups.
Phoenix Associates Land Syndicate (Pinksheets: PBLS), a holding company with assets in aviation, sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries, released the following comments on the status of its business operations.
This is an entry level position. Job responsibilities include: Reviewing cement mud program designs as well as hydraulic and drilling string designs; reviewing contracts; preparing AFE'S and comparing to field estimated to booked well costs.
I take it I won't like what I hear, if they even tell me...
Anyone else have a Scottrade account? I called about certs and was assured (on two separate occasions) that I did not need Certs to either receive a dividend from the company or to protect myself against a failure to deliver scenario. Though the shares are held in the street name, I am still the owner of record for the shares and would receive any dividends or would be able to sell any shares in my account as long as the stock remains liquid. I'm going to read the brokerage agreement in detail tonight, but has anyone else been told the same by their broker?
time2roll,
I found some info dated a little later than yours - and it is important to remember that everything is based on fiscal year end.
http://www.ebglaw.com/article_1001.html
The filing deadline for a public company's 10-K Report historically has been 90 days after the end of its fiscal year. However, in September 2002, the SEC changed the deadline to 75 days after year-end for fiscal years ended on or after December 15, 2003, and to 60 days after year-end for fiscal years ended on or after December 15, 2004, for companies that have (i) a $75 million public "float," (ii) been subject to the Exchange Act's reporting requirements for more than one year and (iii) filed at least one Form 10-K; in the event the due date falls on a non-business day, the due date is extended to the next business day. The original 90-day deadline after the end of the fiscal year is maintained for all other companies.
Dlaserman
still wet Bhind ears
Got your note and thanks. I'm a low-grade poster so can't do private emails.
I found this while surfing tonight - not sure if anyone posted this "history" prior, it's from 2004 regarding Best Jets. It lets us know what should be the state of the operation in Grayson airport now, as it predicts out into 2006 (54 employees) and 2009 (potentially 300). Also I found another article that referenced a 1.5 million investment Humiston made when he came to grayson with his wife even further back, when starting business there. The news below is prior to PBLS' involvement. The fact that two cities ponied up money to assist Best Jets in their venture is also telling I think, in terms of how credible the company must have been even then, let alone now.
City incentives back Grayson engine shop
Dallas Business Journal - February 20, 2004
by Margaret Allen
Senior Writer
A newcomer to Grayson County Airport called Best Jets Ltd. is opening the nation's first-of-its-kind aircraft-engine shop for a newly modified General Electric motor.
Within 24 months, the shop will employ 54 skilled and licensed airframe and powerplant mechanics. Within five years, the number of employees could reach 300.
To do the deal with Best Jets, the economic development corporations of Grayson County's two main cities -- Sherman and Denison -- joined forces for the first time to give $255,200 to the new business.
Best Jets was formed by the owners of privately held, Best AeroNet Ltd., a well-established fixed-base operator and jet management, sales and charter firm.
Full article here:
http://www.bizjournals.com/dallas/stories/2004/02/23/story5.html
PBLS news
This is an article from Airport Journals... to view the whole article go to:
http://www.airportjournals.com/display.cfm/Dallas/0610005
Best Jets Ltd. Breathes New Life into Learjets Oct '06
By S. Clayton Moore
The sparkling fleet of Lear 25s at Best Jets’ headquarters at Grayson County Airport waits for new owners who appreciate a finely refinished aircraft.
Everything old is new again at Best Jets Ltd., an innovative aviation management and jet modernization center now open for business. The company is taking an old favorite, the 20-series Learjet, and renewing it with high-tech engines, avionics and interiors.
Best Jets is now offering a series of upgrade packages for the 20-series Learjet in Silver, Gold and Platinum packages that make the Learjet match up, and in some cases, surpass even the newest and sleekest corporate aircraft. The company was proud to show off its innovative conversion packages in two sleekly outfitted Best Jets 21st Century Lear 25s at the Saab Aviation & Business Jet Preview at Centennial Airport (APA) on August 8.
Gnu,
Welcome back. I did email PBLS regarding the possibility of instigating regular updates regarding the progress of the Form 10 filing. I received a note stating that they do intend to provide more information regarding the status of the Form 10 as it progresses. Hopefully we'll see such notices regularly going forward from here. Just regular communication would help the stock immensely in this regard.
Also, I have to say the current slip in the price of oil is probably having an impact on PBLS as well, but as that is a very fickle market, I expect prices to go back up as soon as those of us further north starting using more of it for heating after the elections.
While we sit and wait, there's another stock I own that announced weekly updates by the CEO via conference call-in sessions. I would be happy if PBLS would simply state that every month or every week (depending upon how close they are to filing the form 10) that they will regularly update shareholders on a scheduled basis. I'm going to send that comment to PBLS, maybe if others did as well, it might happen. It's a good compromise - PBLS doesn't have to announce when the filing will be done, they just need to commit to communicating to the investors on a regular basis.
NC Rookie -
Received your email - I haven't upgraded my account to do private emails so thanks for the information!
I know what you mean - I'm a smaller fish so I need a longer ride than many on this board, but in terms of the long haul, what I have could make me pretty comfortable. I'm up for 10 dollars a share, if we're voting!
As I said before, the first round is on me, I have nothing against improving the New Orleans economy one beer or glass of wine at a time - but I'd also liek, (and this dependent on some serious change coming in the long run) return something to the city to keep it growing. By the way, nice work on the board, both to you and your assistants. The last few days have been great.
Just a thought-
If we hit big on this stock, why don't we do something nice for the city of New Orleans with some of the winnings? I'd be up for a scholarship fund or something. Anyone else thinking along those lines?
Still -
One of the best questions of the day. Today's PR (though I wish it said a bit more, but at a penny I'm less picky these days regarding any good news), did lend credibility to PBLS, and was better written than others, since it seemed to be responding to the investor question of whether they are for real or not - the paragraph relating to the "confirmation" this order from the GE subsidiary makes of Best Jets and PBLS as companies to be taken seriously was what the doctored ordered. We only had that previously in relatin to the pit and the corps of engineers orders.
But as important, we didn't rocket, and won't until the audit is done. But I'm feeling much better about being a long term holder of this stock after today.
I'm trying to reconcile the numbers. Whose cost is the 200,000 to 400,000 per engine - PBLS or Aviall? IF you do the math, 133 X 300,000 = approx 40 mil, why in 2007 are we only seeing 10 million in revenue for the engine unit if it's Aviall's cost? Or is it how many can be fixed within the timeframe? Not all the details are here..
I'm a guy trying to make a buck, get my kids through college, and have a retirement where I'm not eating Ramen noodles every day. I'm hoping pbls helps with that and if the board pulls together, we can unearth a lot of info to help make good judgements on this stock. The posts today have been very intriguing. And the digging continues.
I agree. Filing means it all comes down to math - shares, revenue, profit, growth expectations. A run becomes a real run, with a base to build on. Without that, we're in the realm of speculative philosphy (and for some who take this religiously, theology) and in the hands of greater degrees of fickleness and rumor, fear and greed. I still think that the speculative bet I've made on PBLS will play out over time, and at these prices, it's easier to convince myself of that rather than sell for a loss as well. But I don't kid myself that it isn't more than speculation until they file. I'm hoping that the owners anticipation of profit made in the rise in share price will converge with the investors at some point. Hopefully, that's at least some time early next year.
you'd think in this world where everything is online, there'd be reams of information related to these companies. It takes a lot of sifting and searching to get a few nuggets. That in and of itself makes me a little antsy, but knowing my town really wasn't online with a lot of town planning and zoning, or govt records until recently, perhaps that is true for many other towns as well. I just expected more to leap out, everything from local news about hiring or lay-offs, building permits, career fairs, business and chamber of commerce sites, etc.
I heard that the government is making it easier to see contract information on public projects via the web (caught some NPR item or some such thing the other day), which would help in researching what the army corps and the levee rebuild is all about. I'm going to go out to some gov sites and see if I can't find reference to Pbls out there. Might be able to find some best jets refs on any sites related to the FAA or airports. A while back I saw best jets involved with some funding related to airport improvements somewhere down south, but not too much detail in the item. If I come across it again I'll post the link.
mick,
I know and I'm sorry - it wasn't until after I posted that I realized how it would sound. I replied to your post because I agreed with your comment - I then went on to talk about the nature of the board at the moment, and that wasn't directed at you. Sorry for making it seem that way - I shouldn't have lumped the two elements together into one post. That was me just wishing for more meat in general in the posts - less personal stuff. I'm going to poke around to see what I can add in terms of meat myself.
mickvonmerk
A while back on another board I complained of the boredom, now it's the bleeding. What will cauterize the wound? 1. announce the share structure - won't happen until they gobble up what they can at bargain rates. 2. Make several PRs on profit, not revenue. What did these companies do before they were gobbled up by PBLS? This they could do now, even general figures would help, but it's probably not in Paul's interest right now to shore up PBLS. Later, maybe, not now. 3. Audited financials - I'm guessing next year, I wouldn't bother with them any sooner if I were in his place.
In the meantime I'm hanging in.
I've been trying to dig up info on these companies owned by PBLS from the web and find very little that gets at pre-pbls info on these companies, which is discouraging. I think our time on this board would be better served digging up and sharing that than squabbling over the politics of posting. If anyone has some good leads, let's share those.
Calming down those other owners does not require public statements from Paul. They all hold far more knowledge of the state of PBLS than any of us, at least one would think so if they are hitching their company's star to PBLS. If they are a solid company, they must be viewing PBLS as equally solid, regardless of the lack of audited financials or these deals would not be going through in my opinion. Today's PR is no real news in terms of moving the stock short term. Without any mention of profit this stock will not move higher, but that's okay for all of us except the real short term traders. If you're in for the longer haul on this stock either add or wait it out.