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yes i have seen "their cars" but i believe they got these when things were great. i elieve do not know for sure but that they are not taking paychecks at the moment until things get turned around. don't know if its true but thats what i believe. As for the condo Ron has i do believe he bought that with his own money and that the company didnt buy it. these guys seem to be humble now and i hope for good things rally i share in your pain the only thing helping is buying on the way down of course i could be digging a bigger hole time will tell
i own a trucking business. have not posted because nothing to say just been buying all the way down i have almost doubled my position i am in the same boat as you guys. i have a ton of money in this bastard and feel these guys told the truth but it fell apart. i hope it turns and believe it will but i think we will looking more like .02 or .03 instead of .20-1.00
just call it a hunch. i am going to meet with those guys next week anything i find out i will be glad to share with you guys. i believe money is real rough there at the moment but i believe they do see the lite at the end of the tunnel. one good thing that i believe will come out of this is they will keep the companies that are making money and shed the others. i believe long term this could be a good reality check for them and force them to get lean.
I hope things turn around i am now sitting on almost double what i had i have been buying all the way down. It is my opionion that mr and vp are both going to be in trouble together. Pbls has laid off a bunch of people and are regrouping i think they will be ok and in time the pps will go up but for now the pie in the sky is over. such big potential but i believe we will be ok and they will regroup
it is my understanding that the material will not come from the pit it will be coming from the coal mines that they are getting. have a good day
good luck to all longs i'm heading out to pick up the little ones.
i know the building is done but don't know how many people are in it. i am with you guys i have a ton of money in this stock and have added weekly as it has gone down including 5 million more the last three days so i hope the news that comes out of this meeting is good. i do know we are close. i also know that Vince is working hard on this deal. it is my hope that the final details get worked out tonight or in the next few days.
they are meeting with the guy from komex late this evening so i think we will see some news in the next few days
sorry guys i had to take a phone call everyone brings up good points. the building is white. i sure hope the sec does do something but i have serious doubts i think it will happen in time just not in october.
i also agree with master. i think we will get good news the second to third week of september. By the way they just painted the outside and inside of the new building.
i would like to see it but the october 15 thing with the shorts i don't think will happen. these guys are to powerful. these power houses are making hundreds of millions of dollars with naked shorting. i believe there will be a stall or some loop holes that will let it continue. they have power, power, power amd tons of money to stall it. i hope i am wrong as if it does go through it will be a great thing not only for pbls but for many other stocks. i also do believe we will have a mini run the week after labor day. if we can get the stock to hold at .o2 then we can start the task of a higher support level. it is also my understanding that they will start making the fuel depot "pretty" in the next couple of weeks.
i am in at .014 so we will see what happens. someone asked about the fuel depot i think in the next few days they are going to spruce it up
i think i'm going to pick another million of these cheap shares today. I don't expect much through next week because of labor day but i think we will run between .002 and .0025 the following week.
couldn't find anything in the papers. the main paper here is the times picayune. their internet site for the paper is www.nola.com
i will get you the guys the information on the local papers
will do btw the new building is almost complete. Also to help you guys out if you study the pr it says pbls will be getting coal mines WITH limestone also. There have been several people saying its impossible to supply with our pit. it is my thought that the product for komex will come from the new mines and not our current pit
there is one big issue that i see and it scares me is with rb and pa having preff shares and getting dividends and if the new guys do pref shares and they get dividends that is a whole lot of preff getting divs that comes out of profit. then where does that leave the people who don't take the preff with left over profit which directly affects share price. the worry i have is the divs are for five years so is the contact. that is one thing i don't know and have not been able to find out and that is the one thing that scares me the most. i hope we can find out as i have a large investment here as i know some of you do also. in my opion that what we all have to worry about. the contracts will come we have to make sure we get paid when they do.
thanks ot i don't know that for sure but that makes sense in my book that why they changed the structure
he will maintain control guys that was the whole reason they did the level threes plus most of pa and rb's shares are pref and level three. with that said they are and will be in total contol
i would expect to see confirmation on the Komex contract as early as mid October and as late as sometime in November. Headind out to take the wife and boys to the mall. have a safe night.
sorry, that is one thing i have not heard anything about.
He is working on the brokerage and insurance side of the business. He also does alot of stuff for ron b. his family has been in the brokerage business for years and years.
private equitly does it all day long except they get some of the pie that why this is good for companies that need money but don't want to give up the cheese.
i agree with that. this would not be long term loans
our volume sucks i have an order in for 900,000 shares and i can't get filled. i believe the lowest we will see this stock go to will .011-.012 could be wrong but thats what i feel. i can't wait for the pay off. It just sucks it is this hard to fill an order.
master thanks for asking he is ok he will be in a cast for a few months. also you can say sub if you like but its for companies that are healthy but need cash the loans would be secures with hard assets and of course there would be some defaults but that is a huge spread from what money is costing you to what you could get. you would be suprised how many big companies are paying over 20% interest when they need money quick. its a lot more than most people think. i'm not talking about blue chips but still big healthy companies that yes its very expensive money but what it allows them to get makes it worth it. because of the spread its not that risky the default ratio is all figured in the spread.
the thoughts behind the bank are they can get money from peolpe that have money and give them 12%-15% on their money they can then turn around and lend it out to semi-strong companies who because of various reasons can't get traditional money for 22%-26% the bank would pocket the dif. The trick is to get enough people with a confort level to loan the bank their money. There will be bad debt but at that percentage rate spread the numbers can work and alot of money can be made.
just got a call from my sons school he fell and broke his ankle. got to go talk to you guys guys later today. the joys of parenthood. guess i will be in the emergency room for a couple of hours.
master if you know about a meeting what is it about? When is it etc.... I will try to find.
i am the first to admit when i do not know something and i have not heard anything about a meeting yet.
my goal is before october to get to 35 million shares when this is done i want to give uncle sam his money and sit back
going down to the bid
i think it sucks that when you put a bid in for ask price that you don't get filled but i guess that is good as that tells us hopefully that things are getting slim.
the stock is not that available i just put another order in n for 500,000 shares at .015 and it has not been filled yet lets see what happens
i should have some confirmation on things on wednesday or thursdsy if so i will gladly pass it on. remember im LONG and if you guys make money so do i. i picked up some more shares this morning.
im here nothing to say yet.
you are very informed. the partners will start buying in the next 2 to 3 months. the shorts will keep the price down for them. nobody believes it but the shorts and nakeds have 100's of million shorted we cant see it because its naked. i heard also about the hedges but have no confirmation on that. remember the partners buying wont help as much as everyone believes because of the shorts it the earnings and contracts that will raise it because the shorts can't do anything about facts. the partners are not worried about a run up they feel it will stay inline. plus remember the shares they don't have to buy are very cheap to protect and average WAY down.
i have to go my wife is giving me the evil eye i have to get them across the lake. my kids are running around they want to go swimming. talk to you guys later.
i have had orders sit at the ask for a long time. as far as the party goes its at pauls house, a couple hundred people are expected. they are going to have a band, food, etc.