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.024-.025 is a key resistance point here in the short term. We churned there from May 24th to May 30th on the run up to June 13th. We hit it yesterday like a wall with folks who have been trapped since May and who rode it up to .034/.035 and down to .01 bailed hard. If we close abover that point today, next stop should be .034/.035. Thankfully, some one is buying up all this volume, otherwise 130M shares traded 3 months ago would have sent us sub-penny for sure...
If they PR today, these boys are seriously trying to run this stock IMO.
Its the absolute craziest I have ever seen it from the lending side. It looks like the industry is migrating back to either Full Doc loans or Hard/Private Money loans which will squelch a lot of investor loans (as most investors only want to go Stated Income). Even then, there are creative ways to structure loans to get deals done. In the 80's, we just had the seller hold the second mortgage before second mortgages became common...
Weird thing is that if you go Full Doc, lenders are throwing money at you to get loans done, LTV's above 100% and rates are around 6%...
Yesterday was a crazy day to be in the mortgage biz...
Guaranteed new volume high today. Back to back trading days now. Awesome...
$.06 to $.10 is the average price that the partner plans on paying over the next 6 months based upon what I have heard. I was just answering mastercraft's question and it had nothing to do with the news or eps valuations.
$.06 to $.10 purchase price on average is what I understand their target to be over the next 6 months.
No prob. Everyone's fine. I just wanted to make sure there were a few less messages for the working masses to read...
Just set a new personal record on deleted messages. Please no one take it personal. Just a lot of eyes on us today and want to keep everything clean and on topic. This TA news was mostly expected by those of us who follow PBLS closely. We probably all just secretly wanted to see the O/S at 1B or less...
Let's keep things on topic please.
So of the 1.9B O/S, any thoughts on how much of the Preferred 3's account for that as convertibles?
Eps is in the .005 to .007 range not counting for the new contract announced on Friday. Counting the new KOMEX contract, Southern Crushing etc etc, it's tough to say. 2Q2007 numbers sure would be nice right now.
Eps is based on my opinion.
.025 just printed.
Agreed on a lot of this, but disagree on a lot of this. Try and keep in mind that while KOMEX is based in Poland but has offices, partners and production facilites all over the world. We all assume they are shipping to Poland, but we don't know for certain. They could be buying in the US and selling/providing it to a partner in the US.
As for PBLS, a lot of the companies the Bayou Boys have bought are junk IMO. Pro-gas, Rome Oil etc etc etc. However, a few of them have merit and margins (20-30%)...Best Aero (which no one talks about), 3D Construction, and even the lowly Murphy Pit. Either way, industry average for the contract should be in the 20% range. It's huge for a micor-cap like PBLE even if it's 5%.
Also, PBLS might have lucked into a saving grace in their new partners. The story is that Mike O'Riley was brought in to value the pit and that's it. They didn't know who he was connected to. Just know that O'Riley and Promuto are easy to find online. They are already worth tons so why be involved in a P&D of a penny stock? Why waste the time?
The Bayou Boys have done plenty of "creative financing" I agree, but some new blood that is professional, experienced and focused is on board now and putting pressure on PBLS to be transparent. The risk IMO of PBLS now is not further dilution as much as it is the Bayou Boys running off their new partners, who are indeed perhaps the best thing to happen to them since Katrina.
But what do I know, I haven't hit "ex-moderator" status yet. ;)
Ren
Phyllo...
Taking your thoughts, but probably a step too far...
Not wanting to get into an economics debate, but the Fed funds rate is not directly correlated to mortage rates. That's a common misconception. Mortgage rates are tied to the value of mortgage backed securities traded on the bond market. As long as the bond market sucks, mortgage rates will continue to increase (though they are still near all time lows). In fact, the Fed cutting rates could serve to stave off the coming correction in big boards meaning that bonds could continue to flounder meaning mortgage rates could continue to adjust up resulting in potentially a higher default rate.
IMO (and it's just that), the economy is so screwed up, not because of Government fiscal policy so much as it is in consumer habits. Over the last 5-7 years, consumer spending has become more and more tied, not to wages earned, but to real estate values. The "Home Equity Line of Credit" Credit card mentality combined with the "Get an Adjustable Rate because you will be able to sell for huge profits before the adjustment comes" mentality is the problem. We all want Real Estate to help us live a life above our means. And compared to the rest of the world, we live in way more home than we actually need. But then again, Americans are obsessed with space. Big cars, big homes, big yards etc etc.
We want to blame the government. We want to blame the mortgage broker (and I as a mortgage broker and realtor have dealt with folks that were victims of mortgage fraud). The problem IMO is that most bought too much house to begin with. Sorry to be so tough, but it's their fault they are losing their home. They couldn't afford it when they bought it. It's no different than when a person on these boards starts crying that they lost everything on a bad stock purchase and now is in debt. It's sad. But it's their fault. It's tough though because we're talking about emotional issues like families losing houses.
Again, though, I don't see this as a government problem but I'm also a liasez faire/caveat emptor/state's rights/less government/dare I say libretarian guy. I also have opted out of social security and don't vote much on purpose, so keep that in mind. I'm not main stream to say the least. My personal conviction is that the country needs less government intervention, inlcuding Fed intervention (remember the late 1970's and 1980's and an over reactionary Fed).
IMO, and it's just that, social problems are a church problem (again, based on my personal conviction and I have the right as a Christian to have one too). Too bad we Christians are too busy building big buildings, playing local politics and preaching about prosperity than we are actually giving financially until it hurts to the poor in our community. Like the folks in our congregations who are losing their homes to this mess. I wonder what Acts 4:32 would be like if Christians like me had the actual guts to live it and let it flow out into the non-Christian community...dare I say it would be Christ-like...I'm trying to get there but haven't quite arrived. I'm still addicted to my "big" things...
Ren
Okay, really, I've got to go. Yard work first. Golf second. Nap third. Beer fourth...or maybe second.
Have a great weekend everyone. Get off these boards and go get a life or something...;)
Ren
OT: PBLS Roars...
We don't let guys like Pnew move down south. Boy doesn't have have pretty enough teeth for us...que the dueling banjos...
I'm no expert, but my guess would be .0225ish and then next stop is actually in the .03s which is a natural double from where we are at now. Again, this is all based from looking backwards on a time when "new partners" weren't buying 1B shares of PBLS...
I don't mind doing it, but will wait to call around 10am as I think someone else pointed out that they are on Mt time.
However, as my reputation with some is as a pumper/obviously bullish on PBLS, I'd actually say send someone like Roach. Not because he's posting this morning but because he has never presented himself as having any kind of agenda to me and most would probably take him at his word.
Just an opinion. However, nominating folks won't stop most who want to call themselves, from calling. I just hope everyone uses wisdom...
Probably .014/.015 and .0175/.018. Depending on how he's reading the chart...
I just hope that whoever calls the TA on Monday will be professional. I actually hope less than a dozen call all day. I don't want to give the Bayou Boys any reason, however asinine, to gag it again.
OT - Pnew
You have WAY too much time on your hands...:)
Have a great day. I'm off to do some landscaping. After all, a manly man like me has to plant some flowers on a awesome Saturday...
Ren
OT - Pnew
(please read in a Scarface Tony Montana voice...)
Did you get the stuff man? That Dinovite is primo.
PBLS News 2...
MADISONVILLE, LA, Aug 03, 2007 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) announced today that its Transfer Agent, Atlas Stock Transfer Corporation of Salt Lake City, UT will be open to communicate with shareholders effective Monday, August 6, 2007 with regard to the shares of the company's stock that may be issued and outstanding.
(Not in the PR...)
PBLS was #15 on pinksheets $ Volume list Friday and #11 on Share Volume list. Vol. 62,265,280. That is a new record. Coming out of an extended consolidation period.
'PBLS' - (Phoenix Associates Announces Acquisition, Additions to Staff and Major Contract Company Adding Rock Concrete, LLC to Its Aggregate Division; Vince Promuto and Mike O'Riley Join Executive Staff; KOMEX Export-Import Contracts for 30 Million Metric Tons of Blended Aggregate Products)
MADISONVILLE, LA, Aug 03, 2007 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced a number of significant developments related to its Aggregate Division, including the addition of Rock Concrete, the addition of Vince Promuto and Mike O'Riley to
staff positions, and a major contract with KOMEX Import-Export for 30 millionmetric tons of Blended Aggregate Products.
Paul Alonzo, President & CEO of Phoenix, stated, "We are adding Rock Concrete, LLC, an international wholesaler of all types of aggregate products, to our Aggregate Division. Rock Concrete is being converted from an LLC to a Nevada corporation, and will be headquartered in Madisonville, Louisiana."
Mr. Alonzo added, "I am pleased to announce the additions of Vincent Promuto and Mike O'Riley to key staff positions within our Aggregate Division. Vince has joined our Company as Director of Acquisitions for mining and aggregate related
equipment worldwide, while Mike O'Riley has assu med the position of Executive Vice President of International Operations."
Mr. Promuto's background is wide and impressive. Vince played professional football for the Washington Redskins for 11 years and was a Pro Bowl Selection two times during his pro career. After his professional football career, Vince held the position of Director of Public Affairs for the U.S. Drug Enforcement
Agency and served as a special U.S. attorney in Washington, DC and New York. Vince had large investments in the waste management business in New York and now has interests in trucking and mining in the Northeastern United States.
Mr. O'Riley has a mining engineering degree and has worked in the mining business all around the globe. Mr. O'Riley comes from a background of five generations of mining expertise.
Mr. Alonzo commented further, "It is with the greatest of pleasure that we want our shareholders to know that because of our partnering in the aggregate business, Phoenix has received a purchase contract for Blended Aggregate Products from KOMEX Export-Import, a major export-import company headquartered
in Poland, with offices in Canada, Switzerland, United Arab Emirates, and the United States. KOMEX is a worldwide user of blended aggregate products."
This initial KOMEX contract is for 30 million metric tons of blended aggregate products at $44/metric ton at the Company's production site in the USA. The delivery schedule as per the contract calls for a minimum of 500,000 metric tons per month for 60 months. These products are for delivery to Poland. This
contract calls for a renewal for up to ten years.
KOMEX will post a three percent (3%) cash performance bond up front with Phoenix.
The method of payment to Phoenix under this contract is by irrevocable, revolving documentary letter of credit, confirmed by a world-class top 25 western European or American Bank, payable 100% at sight, against agreed shipping documents.
Phoenix indicated that additional contracts are currently being negotiated for the Aggregate Division, and that the Company is quickly expanding to an international level in oil and gas, and aviation as well. Many informative news releases will continue to be forthcoming so as to keep our valued shareholders informed of the Company's progress.
About Phoenix Associates
Phoenix Associates Land Syndicate is 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.
Great day. Have a good weekend everyone. Monday looks to be set up for another very interesting day.
Ren
Volume precedes price. PBLS is #15 on pinksheets $ Volume list and #11 on Share Volume list.
It's nice to be on the iHub most active for a good reason for a change...
Agreed.
Eod walk up?
OT - Pnew...
Is that the naughty or nice MM list?
Ren
I usually get the emails from Mulshine about a couple of hours after Scottrade. Today I have received the first PR from him but not the second. Go figure. Just call him and make sure you are on the email list...
ICBM it not dead yet. It's a dilution machine but the ceo has to pump it to sell just by looking at the chart. I got into ICBM mostly out of boredom.
I have a few more .006's to sell. I won't make the "June 15th" mistake with them a second time. I sell them and the shares in my account are freebies.
PBLS is my one home run stock. SPZI and ICBM are my trading stocks and at least one of those two stinks of complete scam...
They do have to create some "volume hype" so they can buy more on the open market without over paying. My understanding is that the big boys can buy and sell without moving the pps much.
After our recent PM's I'll take that as sarcasm but no problem, I love you too.
The Haydens are connected to this offshore bank stuff. They stink like poo. Hopefully this isn't just a run it and dump it scam. If so, these boys have put a ton of effort into said scam. Though I am playing PBLS a lot more cautiously now than 6 months ago.
It concerns me too and I'm the one prone to loose lips. I just try to catch the rumors and verify them as fact. I've had Mike O'Riley's name for 3 weeks now but no need to put it on the board (of course I had his name mispelled). Why steal the company's thunder though by posting the "big news is coming" stuff? Any IR of a stock will feed you that line. Tons of pumpers will put that BS on the board. Hopefully, with a little more transparency, no one will have to dig and pry so hard to get at truth and the rumor mill will retire. Hopefully after a home run on PBLS.
Leave me be Coy and my bag holding strategy, every man has the right to sit at the bit table and let it ride once and a while...;)
Come on PA...make me eat crow!
PBLS NEWS 2...
MADISONVILLE, LA, Aug 03, 2007 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) announced today that its Transfer Agent, Atlas Stock Transfer Corporation of Salt Lake City, UT will be open to communicate with shareholders effective Monday, August 6, 2007 with regard to the shares of the company's stock that may be issued and outstanding.
MORE NEWS!!! OPEN TRANSFER AGENT!!!
MADISONVILLE, LA, Aug 03, 2007 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) announced today that its Transfer Agent, Atlas Stock Transfer Corporation of Salt Lake City, UT will be open to communicate with shareholders effective Monday, August 6, 2007 with regard to the shares of the company's stock that may be issued and outstanding.
Guess we're just shameless pumpers...at least we have volume and verifiable names and companies with amazing back grounds...after CKYS though it could all be creative writing as you call it...
News for 'PBLS' - (Phoenix Associates Announces Acquisition, Additions to Staff and Major Contract Company Adding Rock Concrete, LLC to Its Aggregate Division; Vince Promuto and Mike O'Riley Join Executive Staff; KOMEX Export-Import Contracts for 30 Million Metric Tons of Blended Aggregate Products)
MADISONVILLE, LA, Aug 03, 2007 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced a number of significant developments related to its Aggregate Division, including the addition of Rock Concrete, the addition of Vince Promuto and Mike O'Riley to
staff positions, and a major contract with KOMEX Import-Export for 30 millionmetric tons of Blended Aggregate Products.
Paul Alonzo, President & CEO of Phoenix, stated, "We are adding Rock Concrete, LLC, an international wholesaler of all types of aggregate products, to our Aggregate Division. Rock Concrete is being converted from an LLC to a Nevada corporation, and will be headquartered in Madisonville, Louisiana."
Mr. Alonzo added, "I am pleased to announce the additions of Vincent Promuto and Mike O'Riley to key staff positions within our Aggregate Division. Vince has joined our Company as Director of Acquisitions for mining and aggregate related
equipment worldwide, while Mike O'Riley has assu med the position of Executive Vice President of International Operations."
Mr. Promuto's background is wide and impressive. Vince played professional football for the Washington Redskins for 11 years and was a Pro Bowl Selection two times during his pro career. After his professional football career, Vince held the position of Director of Public Affairs for the U.S. Drug Enforcement
Agency and served as a special U.S. attorney in Washington, DC and New York. Vince had large investments in the waste management business in New York and now has interests in trucking and mining in the Northeastern United States.
Mr. O'Riley has a mining engineering degree and has worked in the mining business all around the globe. Mr. O'Riley comes from a background of five generations of mining expertise.
Mr. Alonzo commented further, "It is with the greatest of pleasure that we want our shareholders to know that because of our partnering in the aggregate business, Phoenix has received a purchase contract for Blended Aggregate Products from KOMEX Export-Import, a major export-import company headquartered
in Poland, with offices in Canada, Switzerland, United Arab Emirates, and the United States. KOMEX is a worldwide user of blended aggregate products."
This initial KOMEX contract is for 30 million metric tons of blended aggregate products at $44/metric ton at the Company's production site in the USA. The delivery schedule as per the contract calls for a minimum of 500,000 metric tons per month for 60 months. These products are for delivery to Poland. This
contract calls for a renewal for up to ten years.
KOMEX will post a three percent (3%) cash performance bond up front with Phoenix.
The method of payment to Phoenix under this contract is by irrevocable, revolving documentary letter of credit, confirmed by a world-class top 25 western European or American Bank, payable 100% at sight, against agreed shipping documents.
Phoenix indicated that additional contracts are currently being negotiated for the Aggregate Division, and that the Company is quickly expanding to an international level in oil and gas, and aviation as well. Many informative news releases will continue to be forthcoming so as to keep our valued shareholders informed of the Company's progress.
About Phoenix Associates
Phoenix Associates Land Syndicate is 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.
Forward-Looking Statements
This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business,
which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that
the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each
case could differ materially from those currently anticipated in such statements. Investors a re cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
It's so good to see volume again. And names that are verifiable!
Nice shameless pump you rascal. ;)