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Like it or not PBLS' stock is in competition for investment dollars with other companies' stock. Look at it this way: you have two candidates for one sales position. One uses good grammar, one does not. Whom do you hire?
My point is that you should not have to bet on what the share count is, you should know. Can you explain to me why the TA is gagged; but without making it sound like the company is run by a bunch of crooks? Give it a shot. We have all been led to believe the gag would not be permanent. All I'm saying is that it is time to explore what we can do to make the company come clean concerning the share count.
I agree: it was idiotic to blame the shareholders for calling best jets, when he was the one who announced the deal in a public forum. What did he expect??
I have a growing concern about the gagged TA. I never did understand the logic behind the gag to begin with. The longer the gag remains in effect, the more it erodes the company's credibility. All the speculation about the share count being way off are quite understandable. At some point, we may have to force the company's hand through legal means. I am open to suggestion.
It won't matter who wins the case--by the time the appeals go through, the pit will be exhausted. The suit is moot.
hey tt, you asked about the share count--whether 800M shares could be tendered under the offer. I believe the answer is yes. Restricted shares may not be sold on the open market but they apparently can be tendered to the company and exchanged for preferred. Good luck to all. Ordinarily, I would sell here. Way too much optimism on the board. Believe it or not, too much optimism is bad. I should be selling, but noooo, I'm not. Once again I am breaking my rules with this stock. Too much potential to be out.
Your broker is responsible for the shares he says are in your account.
It is painfully obvious that only 100 shareholders, the very ones that post here, could not own the entire float. Laughable, really. It looks to me as though anyone who owned less than a million simply added a zero to their claimed holdings. Now me, I already know I'm a big shot so I didn't even bother telling you guys I only have 100,000 shares--I don't need validation from strangers. So, let this serve as a warning about message boards. Don't ever believe anything you can't verify. For example, I might actually own several million shares, but said 100,000 to prove my point. See? You don't know.
MrP just wanted an excuse to say there were no SEC filings. I see right through him; he's as transparent as glass.
No flipping here. Looks like things are starting to cook. This is a hold for sure. The next 3-6 monthes should tell the tale. Good luck to you too!!
Can't tell you how good it is to hear from you, MrP! When you leave the board, that's one of my sell signals. Glad to see this move isn't over yet!
when the time comes...and it will come...to feel sorry for you--I won't. Not even a little.
Now that the acquisitions are finished there is no longer any reason to gag the TA. That will be the news for Tuesday--I hope.
I agree. Naked shorters prey mostly on bogus companies with no future anyway. Obviously there are exceptions, but that is the usual run of things. They can't hurt a real company, with real profits. So, when a company's management complains about short selling, I take it as a bad sign. There is a far, far better way to fight short selling then to ask shareholders to pull certs. I really can't understand why our company acts as it does, blaming the shorts, when the solution is plain for all to see.
They went public for a reason. If those reasons no longer exist, then they would consider going private again. Unlikely.
I also didn't like the increase to 1.75--I don't think it was neccessary, especially since the company has said acquisitions are done with preferred. Another thing I don't like is PA talks about revenue instead of profit. I have "never" heard PA mention profit, it is always revenue. Revenue means nothing unless margins are known. Another thing I don't like is that everytime a good post comes along, here comes empty head with his incessant negativity, saying that the company or PA is dumping shares. Now I know that it is possibly true, in the same sense that there are truly space aliens out there and 'they" aren't telling us. Better break out the tinfoil hats!! But honestly, for the company or PA to be selling here is just stupid. Please, please give them more credit than that! Especially since the company has announced the opposite. Even as a pinkie, you just can't announce one thing, then do somthing else. Empty should know this. He just wants to be negative. So where are the shares coming from? Just remember that the people who post here and on RB; legion in numbers though they may be, represent only a tiny, tiny, minescule, eensy, weensy fraction of the total ownership of PBLS. Uncertainty is what's killing us here, not the company selling shares. In the fullness of time, all will come out, for better or for worse. While I wait, maybe I should buy stock in the tinfoil bidness! Good luck to all--yes even you empty!
OT ALERT!!! This msg is OT. Hey Cowboy go here for the movie:
http://disneyvideos.disney.go.com/moviefinder/products/3975503.html
enjoy.
So, you're Paul Alonzo's evil twin. Great. Just great.
Hey yyinyyang! If an I-10 interchange can be built for $29,000, don't you think 803 Million is kind of steep? For a piddly little bridge?? C'mon man get a grip.
I disagree with the people who say that a storm caused the rise Friday. A quick look at the chart reveals no spike in the volume--which suggests there was no sudden influx of buyers coming in. The theory that the MMs simply allowed the price to increase makes more sense to me. They weren't going to keep it down forever. Will there be a big PR Monday? We'll see. It should be an interesting week.
Huh...?...What...? (waking up)
Please don't tell me you are going into debt to buy a pink-sheet penny stock!!!
It may seem counter-intuitive, but there are so many people waiting to buy this at sub-penny levels, it may never actually get there. (maybe)!!
The best news out of the whole PR is the 5.05 rate. A rate that low indicates the lender, whoever they are, considers PBLS to be a low-risk borrower. Good news indeed.
There's a difference between having stock in a conglomorate, and having stock in a hodge-podge o' crap. Even though there seems to be some pruning going on, without firm P&L numbers, the market's assumption is--hodge podge o' crap. That's why the acquisition spree hasn't done us a lick of good. The Best Jets deal will be no exception, unless we get some profit figures. And BTW, Paul talks too much of revenue, and not enough about profit. I have never in my life seen a penny stock company that had its act together. So far, PBLS is no exception--that's why it's a penny stock!! I still believe there's hope here, and I'm all in. We'll see how it all ends up.
--My "common sense" tells me the company is flooding the market with shares.--
Here is an alternate scenario:
Pbls signs an acquisition deal with xyz. The deal is sealed with preferred shares. The principles of xyz go into the open market and load up on pbls common, in addition to their preferred--the Co is going places, why not? Then the deal gets dissolved or canceled, and the principles dump their common shares. PA, anticipating this, sets a 3 cent buyback to give them, (and us) a less bumpy ride. For whatever reason, that doesn't work, maybe becuase the jilted xyz guys want to punish the share price, who knows. Anyway here we are. At some point, the selling will dry up, and away we go. That's my story, and I'm sticking to it!! It certainly makes more sense than emtee's explanation.
The best medicine for the shorts ain't for us to pull certs. (With all due respect to Paul and Mike.) No, the best medicine is a rising share price. Just develop the business, work towards being fully reporting, and the shorts will surely choke on their own paper. I have never seen shorts hurt a real company, with real revenue and profits.
Hi everybody!! Big news out:
http://biz.yahoo.com/prnews/060817/lath018.html?.v=64
Good news. Synergy at work.
The idea that the company is selling stock with one hand, and buying with the other hand is just plain idiotic. They simply cannot PR one thing and do something else without getting sued or going to jail. IMO the kind of people who speculate that no, the pit really makes no money and no, they are selling shares, not buying--are the same people who think the aliens landed in 1950 and "they" are keeping it from us. But I have my tin foil hat at the ready, just in case!!!
Yes, yes, yes, I have a huge paper loss in PBLS. And yes, my dog is ugly.
At times like these don't let the crowd get you down. believe me, they are wrong more often than they are right. Re-evaluate why you bought; if it still holds true for you, then hold or add as your resolve allows. I will tell you that I have averaged down, and I have averaged up in my investing career. I've made a ton more averaging up.
Nope on the W/S. MUST...BUY...MORE...PBLS! But seriously, now that I am loaded up, maybe I should pop for it. It is quite un-Jag-like to drive around with a cracked windshield! Now as far as the buyback, I expect the company to take it easy until they see what they have cert-wise on the 15th. Remember they said "upto" 100M, and the certs count toward that total. I have no idea how many certs will turn up under the offer; doubt the company does either.
I believe the buy back will put upward pressure on the stock now; but we'll see what happens. Good luck to you, sir!
With respect, disagree. The company buy back, even at bid, represents a transfer of shares from weak hands to strong ones. Even if they don't retire the stock, it will be off the market. Now it is true they can reissue at any time. However, they previously announced that they do acquisitions with prefered shares, so they have little reason to reissue. Why buy back, then turn right around and reissue? Doesn't make sense!
One rule I have used to my benefit is my sleep rule. If a stock is keeping me up; I sell until I can sleep. Good luck to all.
The bottom line--if PA is honest we all have a good shot at a payday. If he isn't, well...
I will say this: I have met Paul, and if he is a liar, he is the smoothest I ever saw.
This is a two-year hold. If I had any dry powder, I'd buy here.
I do not find that Asus rules with an iron fist. Quite the opposite. Asus' actions are reasonable--and he didn't have to disclose what he is doing. He could have just done it, and we would have been none the wiser. I think he should stay.
"The land lease for Murphy Sand & Gravel is carried at acquisition cost." Should be easy enough to understand. The statement could just as easily say "The mineral reserves for Murphy Sand & Gravel are carried at acquisition cost."
"Lotta room for interpretation!"
The use of acquisition cost means there is NO room for interpretation; it is a hard figure. PBLS is to be applauded for using a conservative number.
Judging from the overwhelmingly negative sentiment, now is the time to buy. Since I'm fully loaded up here, I'll hold. The price of this or any stock will move big when large numbers of people change their minds. So, what will make these people change their minds about PBLS? We all know the answer! And it will come when it comes. If making money in the pinks were easy, we would all be stinkin rich. This gig is not for the weak.
The PR says "material". May or may not be gravel. May just be fill dirt. Big money either way.
On the PBLS board you assigned someone to give a money-making stock. You weren't even talking to me, so naturally, I'll respond. I have Cameco (CCJ), a Uranium producer. They produce 20% of the world's supply. I'm a buy and hold guy, but I will write options now and then, and Cameco is good for that.. The overall trend of CCJ will be up for years because the demand for Uranium world wide is increasing. CCJ is as close to a no-brainer as I've been able to find....
BTW, someone on the PBLS board gave some really good advice: "buy stocks that go up." Wow! I never would have thought of that! Regards, Kent.