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Sorry Flix. It would all be rumor anyway and as a) what these boys say often doesn't match up with b) the timeline in which they do it, I don't want you to come back and put my feet to the fire.
Just know that I haven't sold anything yet. If and when I do, I will let the board know. Today, I wait patiently for the good news about the O/S that is supposed to be coming "soon."
Please take no offense.
Ren
ICBM showing signs of dilution based off of this post and what the iBox says about the O/S (383M)...
Posted by: Hippychix
In reply to: None Date:7/26/2007 10:52:46 AM
Post #of 2080
Ok just got off the phone with ta.. only information she has is that the OS is 433 858 952 shares
Hmmm...dilution during a buyback. ICBM must be reading the play book from some of my other pennies...
I'm in on ICBM playing the would be bounce...time will tell.
NW is the overall best real estate market in the nation right now. Look at the top 5 states from this Fed report...
Percent Change in House Prices
Period Ended March 31, 2007
(Estimates use all-transactions HPI which includes purchase and refinance mortgages)
State *Rank 1-Yr Qtr. 5-Yr. Since 1980
Utah, (UT) 1 17.01 2.77 48.29 269.99
Idaho, (ID) 2 12.27 1.69 64.25 253.03
Montana, (MT) 3 11.68 2.49 62.17 282.77
Wyoming, (WY) 4 11.67 1.34 60.96 171.25
Washington, (WA) 5 11.63 1.88 67.17 398.38
Yes, the housing market nation wide is down...but look at yesterday's housing numbers. The south (outside of FL) is not dealing so much with the market correction that the NE and W are. It never "boomed" to begin with. Yes, there is sub-prime fall out in the market and foreclosures are up because of ARM's re-adjusting. However, the media is after a story. That's how they get paid. I am working with developers in MS, NC, SC and FL who haven't skipped a beat in today market. You can still get 100% financing at 6.5%. You can still get the seller to pay for closing costs. And there is still the largest re-distribution in wealth in our nation's history going on with the retirement of the baby boomers who are leaving the NE for cheaper pastures in the sun-belt and gulf coast. Don't let the media confuse the issue. There is HUGE opportunity for PBLS on the Gulf Coast right now and I have the contracts, statistics, realtors, developers, and lenders to back up what I am saying.
There are essentially 4 states skewing the housing numbers: CA, FL, NV and AZ. They had unbelieveable amounts of appreciation from 2000 to 2005. Now all the statistics show that we've seen the "largest declines in x decades." Of course we would coming off such unbelievably good years...
MS is one of the fastest growing real estate markets in the country (10-15% annually in a down market isn't too shabby)and some of the top 10 cities for appreciation in the country right now are right across the border from PBLS HQ (Gulfport-Biloxi). Hopefully they are taking advantage of it.
I suspect Ann Arbor to do about $2.5M in revenues and about $1M in profits after COGS and expenses in 2007. That makes them probably the "fattest margined" company we own. I have no reason to think that PBLS should spin them off. I have no problem with being in the pool business in the south as pools are coming back into vogue again here somewhat. Every market is cyclical, and once again pools where I live are a status symbol that says I have enough money and don't care about the higher insurance and utility bills. Especially in the higher end gated communities...
Just an opinion.
Agree about the pools, though I have a good friend here in Florida who own a pool company and business is booming...more on the commercial side than the residential side though.
Hey Irish,
What do you mean by "pool assets now in this hard housing sector in my opinion is foolish..."? Do you literally mean the pool companies or are you talking about putting assets into the construction divisions of PBLS?
If it's the second part, then I have to disagree. Katrina created one of the largest construction booms the gulf coast might ever see. These boys are hopefully working double time to take advantage of it. I know that I am...
Agreed. I'm not a big fan of the Progas model. To much exposure to natural gas price fluctuations and not enough margin for the associated risk IMO.
I'll take $20M in revenues showing $2M in profit with little to no business risk over $100M in revenues showing $2M in profit with greater business risk.
Ren
Good to see the faithful still buying. I might average down again if I can get another 2 stocks to run a little bit more.
Ren
Green. Good. Low volume. Bad. My shares of PBLS. Priceless.
(at least on a lesson in trading).
Didn't get my fill on ICBM and didn't feel that chasing it was wise. I'll wait until tomorrow and see if I can get in...looking forward to playing a hand with you finally. Besides PBLS of course...
Okay, we need to get back on topic. I started the string on pet foods, so I take the blame, and I know we're all bored, but let's stick to any subject at hand that pertains to PBLS.
And no, speculating on whether they sold shares to buy the dog in the newsreel is not on topic...;)
Ren
OT - Titan...
Okay, fine. 40%. But I've got digs on the wife of our soon to be deceased ex-partner.
Wait a minute. Scratch that. I'm already married. But I retain the right to sleep in our guard house whenever said wife kicks me out of the house (let's say 6 days a month for legal description)...
Ren
OT - Pnew...
In the 1990's Iams was the stuff. Now its another junk product but just with a higher price tag. I use Nutro's Natural Choice sold by Petsmart. Best stuff you can find unless you are making your own. Plus, when you are feeding a combined 1 and 1/3 cups a day, its still fairly cheap to buy the good stuff. However, Dinovite is considering producing a dog food. If they did, I'd buy it in a heart beat.
My money is on opaque moving towards translucent. Of course you have to pull teeth to get to the translucent information...
As mad as you are John, you like me, know only pieces of the puzzle.
You have no direct evidence that they:
a) sold stock into the market the way you imply
b) anything fraudulent has occurred
Like me, you can hide behind your opinion, and you know as much as I do about what's going on with PBLS. But just because a would-be "manager" sold you a song and dance because he's a glorified car salesman (and you know who I mean) doesn't mean that there is anything fraudulant going on. We don't even know what he does for PBLS or if he really works for the company outside of the bank acquisition which his father put together.
Have they made some poor purchases in 2006? Yes, absolutely IMO.
Have they used stock to acquire some of these poor purchases. Yes, absolutely IMO.
Have they released some PR's that set the bar of success so high they were doomed to fail. Yes, absolutely IMO.
Have they pissed off quite a few trader/investors along the way. Yes, absolutely. From time to time, I am one of them.
However, this isn't played out yet. You jumped ship and that's fine. We all make our decisions. But there is still a play here. There is still some good things in the works and you know it. We can all jump to conclusions on the would-be toxic financing based on the would be news/rumors/opinions that we have. OR we can wade through August's PR's and see if they are going to really tell us what is going on and hopefully its good.
Today, they are still a pink.
They can gag a T/A.
They can increase the A/S and not tell anyone until after the fact.
They can sell shares until they don't have a share left to sell.
They can do private placements and tell no one about it.
They can raise money through Promissory Note and tell no one about it.
They can buy whatever, wherever, whenever using cash and shares and tell no one about it.
They can use company money to give BOD bonuses, buy cars, houses, whatever.
None of that is fraud.
When fraud is PROVEN to have occured, I will be one of the first to file a lawsuit and force disclosure.
Gnulnx. I consider you a good man and as close to a friend as you can get on these boards. So please recieve what I am saying from that position.
EOM.
Ren
OT Titan:
Please invent a good resume about how you have taken x, y and z companies from the pinks to the Nasdaq, or at least turned them around from bankruptcy. Use words like "Microsoft," "Wal-mart" and "Wall Street" a lot in your previous employment references. Through in a few "retired several times" comments and education from the likes of Stanford or Harvard and I'll cut you in at least 20%.
Of course, I still want to answer the phones so I can use a lot of bad language and get angry whenever an evil message board poster calls me demanding real facts.
Sorry. Having a bit of a tough at work day.
As to opening up, loosening up, I know far too much on the stock now to not be open to negative spins or opinions. There's definitely skeletons and dirt, as well as a few pearls hidden in this company. I listen to all sides of the argument and have conversations with people "in the know" that I reserve the right to not post about.
However, insistent nagging on a message board by someone who feigns at superior knowledge over us plebians is not something I will ever lighten up or loosen up about. And that's why he stays banned and those like him, will join him.
There are plenty of times I'd love to bash the he@# out of this stock and its management, but being a shareholder, what would that gain me? Absolutely nothing. And since there is nothing to gain by being the insistent nagging negative poster, it makes me wonder why they are hang around here at all. And no, it's not for the good will of mankind.
Excellent point on pre-mined, yet unsold materials. And while I'm no accountant, logic says that you should be able to deplete the mineral rights owned by way of a lease.
Titan...
No problem, at this point, Dinovite should put me on commission. I'd find a nice clean Nevada shell for 'em, pull off the reverse merger, write myself up a bunch of fat convertible preferreds, sell a ton of the A/S into the market to buy a new house and car, and start pumping the crap out of potential contracts with Alpo, Purina, Hi-pro (call them LOI's if you will). Of course I would gag the T/A, move HQ to Canada and Central America, and go into a quiet period when my own idiocy was questioned with how I handle PR's and interviews...
Ah, to dream...
sigh.
OT - Pnew...
It's actually 1 tablespoon per pound, and I honestly give 1 heaping tablespoon as my mini's are around the 13-17 pound range each. The wire haired is a male and slightly larger than my short haired dapple female.
36 pounds would be about 3 and a half tablespoons a day. If you feed once a day (which you should), just wet the food with warm water and then drain. Add the dinovite to the damp food and mix in. At first, they are kind of like "what the he##? In about a day or so they'll start loving it.
Either way, if you are inferring that they are not accounting correctly for mining the pit, ie they are not mining the pit as much as they say they are, well I have to disagree. That's about the only part of the business right now that I know for certain is staying productive and expanding. I had a friend down there 3 weeks ago snooping around for me.
If that is not what you are hinting at, please do forgive me. I'm just saying that based upon who you are discussing it with on RB...
Looks like the MM's are finally going to let it move...
Bid/Ask .013/.0135
OT - Pnew
Wow. Might want to consider cutting back his diet a bit. I purchased 2 measly pounds...and since I only use a tablespoon a day, it's lasting longer than they say it will (another nice surprise).
Ren
No problem. Now to answer your original question...I have no idea why depletion is up $1M but mineral reserves stay the same.
Anyone, anyone, bueller...bueller?
OT - elsie...
"BARF Diet" - "As a dog returns to its vomit,
so a fool repeats his folly." Proverbs 26:11
I would say yuk, but I too often act the fool...
Surely it does, but your original post says "Regarding depletion: They show an increase of $1,042,315 in accumulated depreciation."
That was confusing to me and why I responded about depreciation.
Then I went and looked at the numbers again and think you meant to originally say "Regarding depletion: They show an increase of $1,042,315 in accumulated depletion."
OT-Pnew...
Buy it online. Again, the size I needed for my two weiner dogs was like $30 with shipping. Give it 2 weeks and you should be amazed.
What sold me is the ingredients. On the farm, we used a small cement mixer to mix hundreds of pounds of horse meat with dog food every day at feeding time. My grandfather would then add stuff like flax seed, soy, molasses, fish oil etc, to the mix. He had beautiful dogs. Anyway, Dinovite is full of those additives (minus the horse meat) and to me, therefore good stuff. I'm not big on doctors who prescribe pills and shots for what is often a dietary problem, but none of the foods available have the live cultures in them your pooch needs.
Anyway, enough. I sound like an infomercial...
Depreciation is not synonymous with depletion. PBLS has jets, mining equipment, oil drilling equipment etc, all that are depreciating annually.
OT - Speaking of dogs...
I actually grew up on a greyhound farm and so love dogs. Recently, my sister-in-law told us about a product called Dinovite (http://www.dinovite.com/). I was fairly skeptical at first, but after watching the skin clear up on her gross little white fluffy dogs, I tried it on my wire haired daschund who was struggling with bad summer hot spots. Stuff smells like fish oil and you just put it on their food. He stopped scratching in about a week altogether. His hot spots are gone and he's got a lot more energy. It was like $30 and has so far lastest about 3 months. Money will spent if you love your dog and their scratching drives you crazy.
My sister's dogs should be poster children for the product. If we had before and after pics you wouldn't believe it and now they are completely off all the crap the vet has been giving them for allergies.
Anyway, thought I would give it a plug. I hope the company stays around so I can keep buying their stuff. Cheaper than a vet if you ask me.
Ren
Still waiting to see if they will come down to me...
Me to, and you know where mine is at...let's see if it gets there.
"Sharp down moves on high volume often have proven to be the best buys for a quick pay day."
ICBM is getting closer to fitting the bill. It touched .0016 less than an hour ago.
Pnew's dog bit them so they quit. Or maybe it was the vicious animal from the newsreel...
Hope so. Either way, MM's are going to have to tighten the spread.
Based on volume, I wouldn't say that there's a sell off on this news...
Last trade....0131. Ridiculous.
Ture. But West Coast is just catching the news and the MM's have the spread set up to not let this thing move.
Would you prefer I give you examples of pinksheet companies that trade at a PE of infiniti, ie one's that trade at x pps but have 0 for assets and or earnings? They seem to be even more common than a PE of 10. How about SPZI and RLTR to start with and probably 50-75% of the one's on the iHub "Most Active" list...
As you know, in the pinks, hype over rules logic.