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Right. Paul may end up as Mayor after all this...certainly he should lead the Mardi Gras parade -
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So how is the Generalisimo Franco of the hip hop world doing these days? Htre is still dead I take it?
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held this longer than months and agree - the lack of news is truly troubling. We are in the biggest push for going green in the auto industry and news from LTHU is lacking. Billions of dollars up for grabs for alternative energy and LTHU is quiet. LTHU has a lot of debt - if they had anything meaty in terms of contracts, production capabilities it would be out, on the table, in order to raise even more capital. It increasingly appears to me that they lack the capacity or willingness to market and produce their product and this opportunity will pass them by.
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and what is the basis for your view that it is going up and going up in that timeframe?
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From your lips to a prosecutor's ears I hope. I would love to see them incur some form of penalty for what transpired. My faith in the us court system has seriously decreased over the years I'm afraid.
Here's hoping though.
Dennis
Paul gets his wish, BK makes the pesky shareholders go away. He wins.
And then he can start with a new batch of pesky shareholders all over again. you'd think he'd like pesky shareholders more than he states, since they do pay the bills and get nothing (though they may ask for something)in return.
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531,000 in volume with an uptick on a stock that should be dead as a doornail. odd.
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Their pr states that "Phoenix management believes the Company has approximately $16-$18 million in debts and assets" (which is of course an interesting tale told by an idiot). Do they have 16 - 18 million in debts and 16-18 million in assets making them a wash at zero? Does the sum total of their debt and assets make 16-18 million, most of which is a hypothetical asset based on a claim against First National Bank of Picayune, as is stated in the PR? Odd way to "claim" an asset. I could do the same when taking out a mortgage by stating I'm going to the casino and expect to win 450,000, so my total assets is the 450,000 plus any real assets I have in hand.
If they have in reality at least ten million in hard assets, as stated in the bankruptcy filing, that would have been nice to note in the PR, and interestingly, it would equate to more than 50% of their assets in total. Which would mean Paul is lying or misrepresenting figures in the PR, because then the Picayune claim would not equate to most of the 16-18 million in assets. The usual garbled nonsense that doesn't add up.
Based on history, my view is that none of the figures are either true or verifiable at this time - neither what's in the PR (which have been crap all along) or the bankruptcy filing. Trying to interpret anything out of the "Company of One" is an exercise in futility.
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How does he come off stating the relentless attacks from shareholders? Doesn't he either a) need to have a working phone for that, or b) answer it when it rings?
Classic Paul - blame everyone else for the problems. My heart would bleed if his mismanagement hadn't already bled my pocketbook dry first.
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"Mass" is a critical factor and operates via a hand shake...
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Tedwitt,
Correct, they can. To Brigunn's point earlier, I just don't see that management through their previous actions really cared about running a company as opposed to the shell of one where bk was inevitable.
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"Forced into BK"
you're kidding, right? When the worm turned after the .03 run-up, and it began to be apparent even to neophytes like me that this was a hollow shell or at best rotton at the core (and like a fool stayed in too long), it appears every action taken by this management team inexorably moved this company to BK, and I do not believe that mattered in the least to any of them. Them being forced into BK is like saying a dolphin was forced to swim - sorry, it's just their nature.
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I think you mean Mike Mulshine (associated with TECO as well, is he not?)... Mulder believed the truth is out there, as we learned with PBLS, truth was hard to come by if it was even ever in the picture at all. About as likely as alien abductions with that lot.
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There's bankrupt and there's morally bankrupt - we hit the daily double...
It's been grand, well, a bit more than a grand, too much more than a grand, time to walk away for good. Sayonarra everyone.
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Chilar,
A bit of irony here. On the one hand, finding something live and breathing that PBLS may or may not be associated to is a glimmer of hope that PBLS may rise enough for some recoup a portion of their losses. Saner minds would say it's just yet one more scam being perpetrated on the unwary and will not help us at all. We'll know soon enough when it appears on IHUB with the usual suspects in tow...
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This whole Ben vs Current Management argument is like arguing whether it's better to take your sister or your cousin to the prom. Neither is a good idea. Both former and current management have proven to be less than useless, grousing over which failed least seems to be immaterial. A good idea was run into the ground out of blind greed or mismanagement or both. end of story. It's a hip hop to the grave from here.
Glad I sold most and I'm only losing a small bit on this.
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Toast is being optimistic, as toast is at least still warm...
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I went into this with the idea of swinging for the fences or going down swinging. Three cents, three strikes, as it turns out.
There are other penny stocks out there (my Ford investment is doing okay these days
I guess these guys never really intended to run a business, if they did, they sure didn't act like it in the end. Sure aren't acting like it now. What a chance they blew.
C'est la vie. The fat lady is in the wings, hasn't finished singing just yet, but I think she's choking on a crawfish...
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BBM,
There's stupid, like me, not taking an ice profit at 3 cents when fairy tales about concrete were in the air, and there's criminally stupid, like the swamprats who ran this idea literally into the ground, and not even their ground, but leased ground. That's where it all went awry.
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Have a limited number of shares left in this dog so checking in -
The Famunda all stars looks like they're catering to a geriatric hip hop crowd - maybe a new market for them (LOL).
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please don't use the word "concrete" and PBLS in the same sentence, the flashback memories are too painful!
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credit card companies love delaware as well, they have less rules to adhere to and greater protection from lawsuits when they act improperly (which is daily) as a result.
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Chilar,
You forgot
h. Servicing customers at Barely Legal on Bourbon Street
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thanks for the kind words. so xylan has showed us that PBLS has gone the route of the PO Box (is that like a Po' Boy?). Certainly, I'm feeling like one.
We at least have our humor. That the swamp rats can't take from us as easily as they did our cash.
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Went to NOLA, didn't visit headquarters. Couldn't bear it.
I did meet someone who actually has a company (private one) doing levy rebuilding. Remember that? Seems so long ago. He told us how the govt can't get out of its own way at times, telling them they built a levy too high, so take it down, and then coming back later and saying they were wrong, build it back up. Think what could be happening if PBLS actually owned the pit where the materials for all this rework was coming from.
There's construction downtown, both new and rennovation, but the lower ninth ward remains pretty much a mess. I saw a few of the Brad Pitt homes (Make it Right 9) - they are modernized creole cottages with solar panels. Some of the locals don't like them because they are non-traditional, but they're built high up and you can see they'd be the few houses still standing if this were to happen again. Other homes seem to be getting built at the former height above the ground, so I'm assuming the govt has done little to codify things even at this late stage.
The clearest thing though is what an embarassment it is that a country like this one a) can't make a decision to either rebuild some of these areas or not, b) in part, is happy the poor are elsewhere so they become someone else's worry, and c) all these years later, we can't bring parts of this city back to life.
The main areas that tourists visit though are largely back - you wouldn't even know Katrina happened except for the billboards and people on the street who thank you for visiting, spending some of your dollars in their city, and supporting their comeback.
If PBLS management was half as determined, one quarter as smart, and one eighth as proud as the people I met in NOLA, they'd be making money and helping the city rather than apparently themselves, which they can't even muster a good job of doing. Running a company for their collective selfishness alone seems an even greater shame in NOLA after all that's happened.
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Yep, this company has nothing to say or offer at this point. Only a fool would think they are being cagey, have some semblance of a business plan, etc. I'd sell my few remaining shares if I wouldn't get chump change for them. As it is, I'll let it ride until they find some way of manufacturing enough false excitement to make selling viable. That at least they appear somewhat capable of doing from time to time, though certainly not lately. When they can't even create a false sense of optimism, well, that's saying something.
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that's closer to home. I'll look him up in the directory, see if I can find him.
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I picture an old fridge on the porch, Paul's car up on blocks, Maggie dead under the porch, a phoenix gasping for life out in the chicken coop, and CA with a shotgun kind of like Granny in the old Beverly Hillbillies. But then, I've always been an optimist!
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"Please please do pay a visit and let us know what you see."
Roach has his bridge, I'm worried I might drive into the lake. If an opportunity presents itself, I'll take it, but the 40 mile ride is a bit of a deterent as I'm not planning on renting a car while there (furthest I was planning on going was the hotel to the far reaches of the French Quarter drinking establishments and jazz clubs). Then again, I could act as a courier and pick up everyone's dividends for them for a small fee...
If for some reason I do get there I'll let all here know what i find.
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Roach,
In a sense, no need to look for a bridge. You have two options like the rest of us here:
1) Buying PBLS was like buying the Brooklyn Bridge, so in effect, you already own one.
2) Climb up on your mountain of losses and leap from there. While up there, wave to the rest of us standing on our own.
Check in from time to time (as you PREFER), it's always good to hear your Dr. Pepper induced comments.
GLTY and of course, Steelers going for Seven.
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would an oily hand shake in a church do?
I will be in New Orleans the end of March, but I doubt I'll waste the time or gas by heading to Madisonville. I'm going to be there for pleasure, and seeing their little cottage with Maggot Moe's carcass right next to dessicated Phoenix in the front yard wouldn't constitute pleasure for me.
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Sawdin,
You left out another pump and dump scheme perpetrated by the owners and MM from your list. But I never liked hoping to make money off other people's misfortune so I'd prefer (if that is the last resort) pbls die a miserable death. Here's hoping one of the other fantasies comes to pass. Who knows, we may see a PR stating the PBLS bought out GE and Bank of America soon.
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Poison pill, takeover fears, is frequently the common ruse used by managers of pinkies to justify such conversion deals for their execs. That may have had relevance at the outset when the idea was hot, the o/s lower, etc, but now, well, there's no takeover fears of a company that can't produce or demonstrate real revenue and can't entice shareholders to bite. HTRE should wish someone competent wishes to buy them at this point. Though I'll give Edelson kudos for trying, the rest of the management team is worthless at this juncture.
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i cashed in most of my shares on another pinky at a very small profit. I have three pinkies remaining of which PBLS is one (it's the one I said at the outset I'd ride into the ground if I had to, and lo, there it is, dirt in my teeth.) I'll never sell unless I hit break even or this stock goes bk.
But my foray in the pinkies is ending, as there's now too many former blue chips on the verge of pinky status that are far more interesting plays than anything down here in the cellar of the market.
GLTA, I'll check in from time to time as the gallows humor is too fun to miss. It's been quite the ride and one heck of an education. And who knew roaches, rally cries, Mr. Dales, usc cowboys, sawdins, vikis, imprisoned chilars, wily folk, and the rest would be such fun. It's been a pleasure. Hope some day we all at least break even, but hey, there's a life out there beyond PBLS and the company has taken more than its share of my life than it deserves.
Not selling out of obstinence and the fact the chump change matters little if I did.
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PS Kudos for Santonio Holmes auctioning off the gloves with which he caught one of the greatest passes in superbowl history to benefit sickle cell anemia (of which members of his own family suffers). there are decent people out there, if sometimes hard to find.
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getting a rise out of the pps is even harder...
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sold all but 5000 shares first thing today. I've lost interest in lthu when they lost interest in their investors. I'll keep the 5000 I bought cheap as a lotto ticket.
GLTA.
Bye.
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well, the 3 bill A/S should just about seal the fate on this penny stock.
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Well, hope and change are the buzzwords of the day. Except with PBLS, I hope I have at least spare change left when it's all over. Glta.
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True, an RS would get us there in a hurry. My wothless shares would be divided by 1000 ending up, well, roughly the same worthless value at 30 cents a share as they are now. But there would be less of them to cry over, I suppose, I guess that's progress!
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The stimulus plan was a loser under bush and only minutely better under Obama. The corporatocracy that is america grinds on. And america is supposed to sit by and listen to the analysts that got the whole economy wrong to begin wax poetically about the merits of the stimulus and what to do now in the ruins of the economy they were too inept to predict. But hey, it's ok, the losers will be bailed out with my bucks. I feel so good about being so charitable.
Pbls at .10 cents or America realizes the stimulus is hooey? America knows the stimulus is hooey but what america wants or knows is irrelevant. PBLS will see 10 cents only in the PBLS bank account, never as a share price.
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