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Agreed.
Good to see you being a bigger man than most, Gnulnx.
Ren
Welcome to the board crad.
If you believe half of what you read and hear you will do just fine.
Ren
Down boy, down.
I agree for the most part.
This is all Caveat Emptor. What did you expect when you bought? Also, it is simply amazing how much mood swings with the pps. And we think that the pps has something to do with board sentiment. I don't believe we impact the pps one bit.
The real problem here is that many of you expected this giant pop in the pps when the partners started buying. Haven't you all learned yet that big buyers can work with MM's to buy between the Bid/Ask and do some major accumulating without effecting the share price? Happens all the time on big board stocks and small...
We float up hitting all the standard resistance points and consolidating along the way until October IMO. That means there will be weeks where you all are singing and weeks were you all, well, sound like you do today...play the stock accordingly.
Ren
Got to love these $50 trades that are going through that are bouncing us from .018 to .019 to .018...
Board mood is entirely based on the pps. We're all bipolar. Everyone will be singing again on the next leg up.
Komex contract says nothing about limestone. You are mixing 2 recent PR's.
Surely, there will be more trucking which is why they bought the Fuel Depot. However, the volume of shipping the blended aggregate is never clearly defined as being PBLS job. Yo uare making it sound like all the logistics for shipping is PBLS problem and that's incorrect. From what I know of the business, typically the buyer comes to you to pick up what they bought. Based on the size of Pmo-Komex/Mittal, they can probably ship it much cheaper by train anyway (you know the train that runs right next to the pit). After all, they ship the bulk of their goods from the Midwest by train to Port new Orleans.
I'm not attacking. Go re-read the last 5 PR's and they will reveal to you where you are mixing up details.
Ren
Some big trades going off at .018 and now the Bid/Ask is spread to slow things down again.
Agree and agree and agree.
"Does everyone understand the magnitude of this venture."
The answer is most certainly, no. That requires thinking between the lines and involves personally accepting the risks implied.
Read the tape people. This is an MM walk down to entice selling...
5000 shares
5000 shares
5000 shares
5000 shares...
Ren
And let me clarify to all. I personally think it was a great business move to continue to be ambigious in the details of the Komex PR. After all, they still want folks to take the Preferred conversion deal and partners are trying to buy on the open market. Supposedly. :)
It's definitely a slippery slope if I'm right. But which lawyer will win, the ex-Pro Bowl Offensive Lineman or the elderly Jim Pratt?
OT-PBLS Roars...
Stockcharts has a wonderful chart school that provides clear explanations of support and resistance points, as well as the term consolidation.
Go to stockcharts.com. Pull up a 6 month PBLS chart. Look at May 24th to May 30th. We consolidated around the .020 to .023 mark before our next leg up to .034/.035. That means new PBLS buyers bought in around .02 to .023 and some most likely held from there to .034 all the way down to .01. Most certainly, Monday and Tuesday's selling was some of them getting off this roller coaster for a calmer ride. So they sell, new short term penny players move in, and then we move up the ladder again hopefully.
Ren
KOMEX PR...since I am tired of answering PM's
Here's the honest opinion of just another alias on a message board (that would be me)
1) This is most likely classic Bayou Boy "oversell"...rememeber the Progas "$1B revenues," the "815M O/S" etc etc
2) Even if the contract is only for 25% of what they claim, that's still $250M a year from ONE contract. At 20% margins, that would provide an eps of $.025!!!
3) "KOMEX Import/Export" is classic Bayou Boy "shuck and jive"...remember "Southern Crushing Concrete" whose name they changed before the released the PR so we couldn't find out who owned it and discover who their real partners are. Likewise, this contract points to Mittal. If KOMEX is Pmo-Komex owned by Mittal, the pps could take off just off the Mittal name. And Mittal ships to more places than just Poland (though I know that's what the PR says). And Mittal does SO MUCH more than just steel. Please dig into their website.
4) If this was outright lie, why would Vince Promuto, multi-millionaire who lives here in the good old USA, with huge political ties from being Director of Public Affairs for the U.S. Drug Enforcement Agency and as a special U.S. attorney in Washington, DC and New York allow his name to be attached to it. He doesn't even need a lawyer to sue. He is a lawyer!
This is a game being played. It's called keep the little dogs and the big dogs happy. Every pink comes with risk...PBLS is no more certain than SPZI, RLTR, CKYS, BIGN, SLJB except that of course PBLS is more brick and mortar asset based company that dozens and dozens of posters have visited and shook hands and seen in operation. Be smart. Remove your emotions. Take profits and do your own homework.
Ren
Agreed. Let it alone. This will play out either good or bad. There is no way to eliminate all risks in the pinky world.
Maybe, but either way, the game demands patience again.
Great find TTR!
For a jock, Vince Promuto is a smart dude. Of course it helps that he went to prestigious prep schools and colleges along the way...
(No offense jocks. I'm the boy that was playing right field in T-ball. I had a short lived atheletic career...)
The Promuto's race horses all over the east coast. I wouldn't be surprised if that's one of their ponies. Man these boys have money...
What's the motivation for PBLS? After all, this is a strange game that is being played...lot's of PR's with more substance than we are used to but not all the substance we need. It seems they want to run the stock just a little. Maybe to placate all the crazy iHub stock holders that keep calling and yelling at them. But with the Preferred Coversion offer extended, and the partners buying on the open market, what would be the motivation in the immediate short-term for PBLS to really run this stock? I don't think they want to. IMO we're going to see a gradual incline hitting all the typical resistance points over the next couple of months. Keeping the pps moving north ward keeps the little dogs at bay and helps the big dogs buy. When we approach the middle to the end of October, if they aren't completely full of ____, that's when I can see them really trying to run this stock.
I personally think that there is at least one more skeleton in the closet that needs to be exposed first (like the O/S) before they've confessed enough of their sins to move up in a hurry. I just hope that people here who are frustrated will use wisdom if and when they sell. Get out quietly if that's what you want to do. Sell in small blocks on good days and you don't help the MM's do what they did yesterday. I also suggest no one buy more than they can truly afford and to take a profits on the way up. Have an exit strategy in place. Hit a single, a double, a triple and a home run if PBLS pps goes balastic.
Sorry for another sermon...just my take on things...
Ren
To quote the late Beavis and Butthead...
"Are you threatening me?"
Either way, I agree. I picked up on the pattern on Monday being the expert chart reader that I am...
sigh.
They didn't say they were shipping it in the PR. Mittal has more logistical support than we could ever dream of having. They are worldwide, own huge trucking companies and multiple ocean freighters. All PBLS has to do is get it on a train car right next to the pit for this contract. The train goes to Port New Orleans. Then its off to anywhere that Mittal/Komex does business.
Thanks.
You know I'm never 100% sold on anything PBLS claims now but the things some posters say make no sense to me. Its weird. I know they are invested in the stock (based on their claims). Then they just unknowingly kind of bash it on multiple boards. No I don't think they are what some call "bashers." I just think they don't weigh their words out before they say them. Its like they can't think past the mistakes they have made on other stocks. But hey, I'm prone to doing that to as you well know.
Someone find me something on O'Riley. I'm confident on the Promuto's but this Komex/Mittal contract was surely O'Riley's doing as it's from his back ground.
Ren
Here's some more names...
Vince Promuto, his brother Salvatore Promuto, his mother/wife/sister Diana Promuto...
Info on houses owned, businesses, horse stables etc on top of the fact that we know that Vince is a one of the greatest linemen to play for the Washington Redskins. They have connections in Jersey, Connecticut, New York, Delaware and Florida. If this was a SLJB scam PR, Promuto's lawyers would have already sent legal documents to tell PBLS to come clean. These people are loaded. Waste Management is a cash cow. These guys even own some major patents in Waste Management. Why get involved with a pinky scam unless there was validity to the news? Why put your huge personal fortune on the line for a scam? After all, you're already rich enough to play with buying and racing horses...
http://www.nysirestakes.com/reports/OwnerStatistics.php
http://bcegov.co.broward.fl.us/revenue/detail.asp?AccountID=A18331-21-01400
http://oaspub.epa.gov/enviro/fii_query_dtl.disp_program_facility?pgm_sys_id_in=NYD986988665&pgm_....
http://findarticles.com/p/articles/mi_m3MKT/is_n40_v103/ai_16633299
Enough of the SLJB analogies. I lost some money on SLJB. Some of you lost money on SLJB. But comparing SLJB to PBLS has always been a bad comparison for about a billion different reasons IMO. Don't let your past determine your future here.
Be smart. Be a skeptic. PBLS seems to have pulled quite a few shenanigans. Just don't call this a SLJB stock. That doesn't even begin to compute with me.
Ren
Wave, Lake and others DDing the Komex Contract and holding their breath for a Komex PR...
This might help...
The big leap of faith you have to take is to assume that “Komex Import-Export” is most likely PMO-Komex based in Poland. No other company in Poland matches them for industry and name.
1) PMO-KOMEX is owned by Mittal Steel Poland.
http://www.pmo-komex.pl/html/en/?company
2)Mittal Steel Poland is part of the parent company ArcelorMittal (and is heavily involved in Katrina Reconstruction in MS through it's Mittal Steel USA...hmmm)
http://www.mittalsteel.com/Communities/Katrina+Relief/
3) Mittal owned Ispat International Ltd. and Ispat Shipping which were merged with Arcelor Logistics during the ArcelorMittal Merger
http://www.mittalsteel.com/Company/History/#
http://www.arcelorlogistics.com/www_flash/loader.html
4) Archelor Logistics is based in NY (also pointed out in the O'Riley/Promuto PR..."contacts in NY, OH, FL") but also ships much of its product out of Port New Orleans…the #1 Steel and Coal shipping port in the nation (and therefore the most important port for ArcelorMittal/Pmo-Komex)
http://www.portno.com/
http://www.portno.com/pdfs/portrecord0307.pdf
And the rabbit trail of connections goes on and on...
Don't be side tracked...the big fish here isn’t Komex. It’s ArchelorMittal. And I doubt they will ever PR this news as this just isn’t as big a deal for them as it is for us (considering that Mittal is the a multi, multi-Billion dollar company). Don’t believe me…just pull up Mittal’s Annual Report. I seriously doubt that Mittal even cares that they are doing business with PBLS. I'd love to see a confirming PR but I'm not holding my breath. To Mittal this is just another requisition order on a computer screen for product needed at one of their hundreds of facilities. The big deal to us is that apparently O’Riley and Promuto have the business connections to get product bought by Mittal. I assume that it was primarily O’Riley as he comes from a mining back ground and is our new “Executive Vice President of International Operations.”
It could be a scam. But my only point in all of this is that future earnings from the contract will be probably the only way to ever verify it as truth. Good luck getting Mittal to respond and emails sent to Komex will most likely also be futile.
Your time would be better spent searching for information on O’Riley and Promuto IMO.
GLTY
Ren
Someone decipher what this means for our new Bulk Diesel facility...
http://oaspub.epa.gov/enviro/fii_query_dtl.disp_program_facility?pgm_sys_id_in=MSD985976653&pgm_...
Need a strong close here...
OT-Quiet
The only Greek I know is either Biblical or refers to foods I like to over eat. Neither of those are good for swearing so I'm safe for now...
OT-Quiet
Actually runs in the family...if you remember the grandmother running around yelling about the "turks" all the time then you have seen a carbon copy of my grandmother. The older she gets, the more she only speaks in Greek...
Roach, what is the link supposed to show that is "just starting?"
Big blocks going through at .02. Wonder if that's our boys...
After all, everyone claims to own a bazillion shares on these boards but most own less than 1M. Nothing personal longs, just making a point...
Take a look at pinksheets news for PBLS. Looks like PBLS has hit every possible stock site known to man...
Agreed.
But people need to look at the chart. The chart says we are at resistance. It will take time to bust through it. Flippers that have been "trapped" in PBLS since May are trying to get out at break even.
I know I'm a sexy beast. ;)
How are they stacking up?
AGAIN, We're at a KEY resistance point today.
Chart looks amazing. Tight trading pattern today. Someone enlighten me on where the MM's are lining up on the Bid/Ask...we need to close at or above .023/.024.
Ren
Good news on the Fuel Depot.
FWIW, Best Aero's margins claimed to be around 12% with EBITDA around 7%.
Best Aero is projected to provide .0016eps on its own in 2007 if it does $68M in revenues and has $60.52M in COGS and $4.188M in expenses.
Best Aero is projected to grow at 20-30% in revenues over the next 5 years. IMO I consider it our new Progas.
Ren
But is the correlation positive or negative as a leading indicator?
Question for the board...
Having only been in the pennies for less than 2 years, how do the pennies react to a major big board correction? Does this market run anti-cyclical to the big boards like the bond market is supposed to? Or is the penny market considered just an extension of equities and when the big boards tank, the pennies flounder too?
(BTW a big board correction might be the only thing that can save the sinking mortgage industry...no one is buying their bonds which is why lenders are stopping/slowing down on funding loans.)