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hey seeclear,
both you and wet make some valid points and almost any other time i would agree if not for one simple fact. PBLS has gagged the TA. Why?. What possible reason could PBLS have for doing this. I can think of only one. So we investors cannot see the fluctuations that would occur in the A/S as they sell from the kitty when the price moves up and buy for the buy back and replenish the kitty when it is down. How else could it be explained when they PR great news and there is a flood of SELLING.
I pose this question. Does anyone on this board know ANYONE who sold shares yesterday. I didn't think so.
I will also make this statement. IMO, regardless of any news the PPS will start moving up significantly the day PBLS announces the buy back is over. The buy back is what is keeping the PPS down. They are releasing just enough tidbits of news to bring it up enough to support what they are doing.
Another question.
If PBLS is buying and the MM's are buying(accumulating) and we invstors are buying who then is selling and why? That my friends is the million dollar question.
Answer - No one is selling except PBLS and just enough to keep it at this level until they are done with the buyback.
Now i've said my peace. Anyone of us could be right. No argument there. Now it's time to sit back and see how this game unfolds.
midas
I might be inclined to agree. PBLS stated they have no debt. Is it safe to assume it is still like that today after all the acquisitions. I would say it is safe to assume that some of the companies had debt that PBLS assumed on the acquisitions. Just a hunch folks what do ya think?
Update PBLS
Wow, outstanding news. Just about answered every question this board wanted answered. +.0025 WTF. There is something seriuosly and I mean SERIUOSLY wrong with this picture.
I don't know of a single person that sold a single share. All I am reading here is "I added a mil, I added a mil, I added, I added". Who then is selling, no let me rephrase that, DUMPING all these freaking shares. Incredible news, 57mil shares traded and we go up .0025. That would mean someone sold about 45% of the volume today. On this news! That's just absolutely insane. Who in their right mind would sell now.
With PBLS buying, everyone else buying and this news we should have seen the shorts coming out of the woodwork to cover with even more buying. With this news the volume ratio should have been 75% buy 25% sell.
IMO there can be only one answer. PBLS IS BUYING AND SELLING AT THE SAME TIME. I really don't care what PBLS management says on this. If this is not true than UNGAG THE TA so we can see for ourselves. It is the ONLY viable scenario that would explain the volume ratio and PPS for today. On this volume we should have gone up at least a penny. On Aug 25 we went up .0055 on 1/4 of this volume due to just a supposed fax blast.
10 day daily
Don't clap yourselves on the back just yet. After looking at this after the days news this is just unbelievable. Techs do not lie. Today by far was one of PBLS's WORST DAYS.
PPS - Look at yesterday. 1:45 - 4:00. PPS headed for a crash course down riding the bottom bollinger. Without this news IMO we would have went back to subpenny today. Look at the candles for today. SOLID red all day. Only good this I see is bollingers opening up and PPS is now on the top bollinger. Might have a stronger run tomorrow. Just can't tell.
A/D - Yeserday EOD. Crashing hard. Today seriuos crash. Not what you'd normally see on news like this. This is almost surreal. This is what you'd usaully see on a pump and dump. The only difference is on a P+D the price normally crashes on the dump. I don't know WTF this is.
M/F - Same. Horrible.
Not Shown - MACD crossover up, RSI at 60, Stochs above 80 and ADX closed up tight are actually in position to support a run up in the AM.
I will try and get the 6 month daily analysis done tonight but I have family obligations to attend to. In short the 6 month daily techs are set to support an extended run here but not if someone is going to continue to dump 45% of the daily volume.
10 day daily
SC,
Wow if I hadn't known any better I would have thought that I wrote that last post of yours. I couldn't agree with you more except that with 752,352,960 traded since july 7 IMO the ratio is much larger. They originally put away $3mil to purchase 100,000,000 in the cert buy back. Say 1/2 turned their certs in. I'd say it's less than 1/2 but i will use 1/2. That leaves 1.5mil still available for the market. Now with that 1.5 mil and a sell high buy low mentality possibly they could have turned that 1.5mil into 1.75mil or 2mil. With an average price of say .012
(a guess based on they wouldn't have started buying back immediately. They would have unloaded causing downward momo and let the investors take it down more. They would do this till it was low enough to buy back. Possibly buying some along the way.)
so roughly were talking anywhere between 146mil to 167mil add on the 50mil from cert buy back and we have roughly 200mil, add on the 110mil from first buy back and now it's 310mil.
Now i have been looking at the older PR.
Phoenix Associates Completes Stock Repurchase and Announces Continuation of Repurchase Program
Wednesday April 26, 9:30 am ET
MADISONVILLE, LA--(MARKET WIRE)--Apr 26, 2006 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) announced today that it has completed the stock repurchase program announced last November 9th with the buy back of more than 110 million shares of its common stock. The board of directors of Phoenix and its advisors have agreed to continue the stock repurchase program for an unlimited number of shares of Phoenix common stock. The Company believes that at current levels, the stock of Phoenix remains strongly undervalued and does not give any meaningful impact to the strategic acquisitions of compatible companies over the past twenty months.
It seems we never stopped buying back. So we have been buying back since April. It's possible they have bought back way more than we have thought here. Like possibly 400mil or better total. Wouldn't that be a kicker if our O/S was 600mil or less. It is entirely possible if PBLS has been doing the right thing by us keeping it hush hush along the way.
I have a feeling their buy back is coming to a close and with that normal trading. I have a feeling that last Best Jet PR was only the tip of the iceberg of a rash of PR's set to come. All building up to ungagging of the TA, share structure, and Audited Financials in FEB.
Hopefully I was awake when I wrote this because it sounds like a dream. Let's hope my dreams are prophetic.
midas
Chicago
PRVB
after looking at the chart i too agree it looks very impressive but with volume as is you might not get out with your a$$ets intact. Good call fringe.
midas
OT Roach, everything in the first one was gold so i was wondering if maybe he was touching himself too. I like the second one and might use it that one. Thanks for the time spent to help me find my true identity. Now if only i could physically touch this stock it might just turn to gold for us. Maybe I should have gotten my certs. LOL
midas
hey still wet,
Actually I don't believe they are diluting. What I think is they have been buying and selling. They have been able to do this because as they have been moving it down other investors get nervous or scared and sell. When they get the momo moving down they can stop and start buying back what they have sold cheaper into the momo. Thus the gradual decrease over time on semi high volume. With the buyback happening they are buying back more than they are selling. So NO dilution. We will NEVER know with the TA gagged. It is the people that are selling providing the extra shares for them to buy back without moving the PPS back up. Thus you will only get hurt if you sell. Of course I can't be sure this is happening and it's just a gut feeling after analyzing the charts and after seeing what happens when they release news.
So this actually could be a good thing for those of us who had the cajones to sit and wait. Of course our positions value has decreased(ok fallen off the deep end) but I do feel we will benefit in the end. They are able to purchase shares much cheaper down here and it hopefully will show when they release the share structure and ungag the TA. The way the bid and ask have been manipulated since july don't be surprised if the O/S is even lower than we all think when this happens. If it's not playing out like this man are we screwed. Someone has definately sold a heck of alot of shares since july.
I think IMO we might just have a decent week.
Also everyone has these cool pictures so i thought i'd throw one in. Pretty hard to find pictures of a mythical dead king though.
later folks
midas
great post SC!!
hey coy, i haven't been on this board long enough to see all of meats calls but i do know from what i have seen that he doesn't really bash, he is negative when the stock looks negative and positive when that is called for and i see nothing wrong with that. My philosophy. When in doubt ask questions and when you have all your answers question some more. You can never have too much information when it comes to stocks
Update PBLS
Here's something to ponder over the weekend. To be honest I really didn't think we would hold up as well as we did today. I expected a larger red candle. Surprisingly we held up really well. I'm not going to post a daily chart today because not much has changed. All the techs are really still in good shape. What I want to show you all looks really good to me.
2 charts 10day daily(15min) and 10day daily(hourly)
10day daily(15min)
The EOD looked like they were trying to push it back down. Maybe they were but it wasn't selling it was buying. Look at the A/D and M/F from 1:30 on. Slam baby. Someone wants back in. We claimed back nearly 10mil shares and M/F started to skyrocket. I haven't see PBLS do this for quite some time. Look at all those white candles. Someone was trying to push this down but this time someone wouldn't let them. Looks to me like a cat fight broke out between the bulls and the bears. Looks like money might be coming back in folks. Hope we can keep this up.
10day daily(hourly)
I expanded the chart to hourly because it gives a clearer picture of whats happenning. We have been staedily accumulating for the last 7 days. We taken nearly 30mil shares back in. Notice how M/F was building slowley intil the PR. Someone knew it was coming. We went down today but M/F was a solid gainer. Volume was building during last two hours. Between this chart and the first one monday might be a good day. I can't time them though. They do what they want. When they want. This is looking pretty good for a possible turn around here though.
Thats enough for today for me.
10day daily(hourly)
ok ok one more, if anyone has any questions as to TA and charting I highly recommend stockcharts.com chartschool as a beginning point. I would also be glad to answer any questions you all might have. Just ask. If I have the answer...it's yours.
ciao ciao ciao
just had to respond to that. LOL. But where the heck is Goerge. Last I heard he was flying around in one of them PBLS Lear jets checking out that new PBLS jet engine tester. They had to stop quite often for fuel at many of those 600 refueling stations they own. I think it is 600 anyway but i'm tired and don't feel like reading any more PR's tonight. This is the third time i have tried to hit the hay. This time i'm pushing the button.
ciao
OT Roach
d$mn buddy i see you crashed out of the football pool already. I live for football, stocks and pretty ladies in that order. Watching your team win or one of your stocks skyrocket is better than... well you get the point. Last time folks have a good night.
midas
no shiz, that's definately NOT a goldfish, where I come from we call that BAIT. LOL.
Humor is the antidote for all that ails.
have a good night folks.
Update PBLS
First things first. Shizuko you have a knack for posting about PR's right before they happen. Can I borrow that crystal ball for a day or two.
Now let's dig in. Outstanding PR. Contracts with Boing and GE mentioned in the same page. That's huge. The problem is any other companies PPS would have soared. Why didn't ours. I am still not convinced that PBLS is not buying and selling. This would have been a perfect day for them to do so and the PPS reflects that. Heavy morning volume. People were sucking this stuff up but the PPS had barely a move so someone was selling into the buying pressure. Who and Why? I have already let my sentiments known so I won't get into it again.
6 month daily
PPS - Excellent white candle today but with the volume I would have expected a little more. My guess and my opinion is this. PBLS has not posted two white candles back to back since Jun 14 and 15. Another white candle and we might have something going. A red candle tomorrow and I thinks it's back to the same old games.
Volume - All heavy volume occured before 10:30. Then squat. Two possible scenarios. Just regular folks buying in while someone sells or possibly and hopefully big money came in for a taste. Tomorrow will be a telling day.
A/D and M/F - An improvement but nothing definitive yet.
MACD - Bounce and bars still positive. But can it hold.
RSI - Shooting up.
Stochs - In position.
ADX - Most improved indicator of them all. DMI+ crosses over ADX and DMI- which is a very good sign here. What we need is for ADX to move up with DMI+ which it hasn't yet. A white candle tomorrow should provide this move.
All in all the techs have gone from very UGLY to "Hey look at me. I could be very beautiful if only people would buy me tomorrow and someone would stop selling me like the world is going to end. I'm not a cheap wh$re." I'm a beeeaaauuutiful swan waiting for my UGLY duck image to go away. Well OK maybe i got a little carried away there. Just had to show my optimism. Let's hope it is not misplaced. We need that white candle tomorrow really bad. White, possibly we start a run. Red, more of the same. Down.
shizoku, i also agree with you that we are all in control of our own destiny and although i may sound grumpy i am in for the long haul, i do though disagree with the one good PR theory. They have just released two very good PR's only to see the PPS decline off of that. NCrookie has been making some valid points lately. They are purchasing companies on the cheap in hopes of turning them around. Doesn't matter how much revenue they make, the bottom line IS the bottom line. What PROFIT are they making. That's the only PR people want to hear right now and almost no one believes that is coming before the EOY.
Good Luck Shiz
hey meat, at this point i couldn't agree with you more. There is a smell starting to eminate from that there pit. Progas sounds like they're giving away the gas at audited net profit of $375,000 on 190mil in rev for 2005. Something stinks around here and management needs to break out the deoderizer in a hurry, but they won't until their pockets are lined. Heck PA probably has 200mil or more shares by now.
I'm ready to try anything wet, Well I wasn't planning to trade this anyway so i'm in.
Sorry wet i just can't buy into that. Why would a very big holder be selling his shares NOW at this PPS unless he knows some very unsettling news about the company that the company does not wish to share. If someone, possibly, as you say is selling a multi ten mil position the news must be seriously bad news.
I also cannot buy the thoery that shorting and naked shorting is having this affect on the PPS. At this rate they would have shorted 3/4 of the O/S. IMO the only explanation is PBLS is buying and selling at the same time.
Day after day i read the posts and we have pretty much exhausted all available research on this company. We have exhausted all thoeries. There really is nothing left to discuss here. This leads me to the conclusion that we have 3 options left here.
1. Sell and walk away.
2. Set alerts and sit around with our thumbs up our...well you know what i mean.
3. Buy more and pray to the lord almighty that PA and company don't make us wish we had taken option number 1.
i am taking option number 2 until the PPS does one of two things.
1. drops to very low subpenny .004 - .005 or LESS at which point i may buy more. IMO we'll be there in no time flat. If no incredible news or financials by EOY we may even go Sub Subpenny. We have dropped .03 in about three months. With three left to go before EOY all bets are off as to how low this could go.
2. PPS starts moving up. As i stated before i'm in at .03 so any buy under that and i still average down.
I really see no reason to buy at this level.
Without:
a. incredible news,
b. audited financials,
c. share structure,
d. ungagging of the TA,
e. an explanation by PA and company to the share holders,
f. the conclusion of the buy back
g. etc. etc. etc. etc. etc. etc. etc. etc. etc.
there really is no place for this stock to go but down. This is JMHO but if i buy here i will have half the shares, or less, of the shares I will have if i wait.
GLTA of you anyway you decide to play this.
midas
thats correct pnew, but they have had plenty of time to audit the financials, audited financials of a company you are going to acquire is almost a prerequisite for the acquiring compnay or the acquisition usally doesn't take place. Here's an example
ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing solutions to Energy producers and consumers, with services including Energy supply management, Natural gas and crude oil marketing, Physical energy transportation (trucks, barges, pipelines), Physical and financial risk management, Administrative and regulatory consulting and a rapidly growing facilities financing division. According to ProGas' audited financial statements
, the Company generated net income of $377,325.86 on total gross revenue of $190,353,257.50 for their latest fiscal year ended August 31st, 2005.
according to above figures progas net profit margin is less than .002%, that' horrible.
my point is most audits are done before acquistion so PBLS should have completed theirs by now. The above PR is almost a year old, why no update on how PBLS is going to dramatically increase profit margins. IMO the TA is gagged for a reason and it has nothing to do with shorting or NSS.
midas
oldteck, i agree also with you both, i will now join you in putting my resources into your suggestions to find out all available info on PBLS holdings. IMO PBLS is hoodwinking us all and we need to find out why asap.
Update PBLS
Link back for opening commentary.
6 month daily.
PPS - Down-right ugly. As i said, with the amount of volume since Jul, naked short position would have to be in the HUNDREDS OF MILLIONS for a decline like this. I just don't think that's possibble. IMO.
Volume - On the bright side the huge red spikes just started getting shorter. Red volume overall seems to be decreasing. IMO we will still see large but increasingly shorter red spikes bringing us down more. They are not done yet. If I and others place the audited financials after the first of the year expect to see PPS decline until then. Possibly very low subpenny IMO.
6 month Tech indicators.
MACD - Bars decreasing toward 0. Lines getting ready to or possibly have rolled over already.
RSI - Which had started to show signs of a reversal is now once again starting to trend down.
Stochs - Are down as low as you can go. Pretty soon they will flatline at this rate.
ADX - This is the scary part. ADX is opening up but not for a run up but for more down. DMI+ is headed down fast. DMI- is above the ADX and headed down not a good sign here at all folks. During this crash almost every time DMI- crosses under ADX and stays there we get a hard run down and when DMI- crosses above ADX more of the same. I'm not even going to post M/F and A/D because there is NONE to speak of. They are crashing hard.
IMO it is PBLS that was/is artificially causing the PPS to go down for there own benifit. Certainly this is not for OUR benefit. I apologise to those that do not agree with this but as you all know i have always posted honestly here just the way i see it and nothing more. Nothing has changed there. This is JMHO.
Update PBLS
Two charts, 1 yr daily and 6 month daily. They are horribly painful so if you have a low tolerance for pain i suggest you skip this post. I started in this stock with extreme optimism. I literally bought my position on Jul 7. after researching the fundamentals and analysing the charts. It just came off the bottom of the last spike and was poised for literal stardom. This is all IMO.
I have heard alot of different scenarios lately about why we are where we are at. NSS, PA's master plan to defeat them, etc. etc. and i'm just not buying it. I'm using July 7 because that date looks like the date for the beginning of this collapse(er, downtrend i mean)
1. Did all the hedgefunds and whomever naked shorts a stock just wake up on Jul, 7 and start calling each other to say, 'Hey we're gonna start naked shorting PBLS are ya in.' Would these companies even think about naked shorting a stock with this so called 'potential'. Management could release financials tomorrow. Would you take that bet.
2.Also we are not talking about millions of shares traded but hundreds of millions since July 7. 621,871,600 to be exact. If this is being caused by naked shorting 'they' must be printing a heck of alot of fake shares to do this to the PPS. Hundreds of millions worth.
3. With the threat to them of management possibly filing any day would they continue to short this all the way down to where it is and then continue some more. That's complete suicide and makes no sense at all. I will say there is definately a short and naked short position but nothing near what we may think it is.
IMO this short and naked short accusation by management is nothing more than a smokescreen for what is really going on. Let's take a look.
1. PBLS gags the TA. Why would PBLS gag the TA. The only reason i can think of is because they don't want us to see the fluctuations in the O/S. IMO PBLS is selling and buying at the same time. Sometimes they just cannot equally buy and sell the same amount. Granted with the buyback they are buying more than selling but as investors get fed up and sell they are buying at prices lower than they are selling. What a deal!!! If the TA were not gagged we would be calling and finding out that the O/S is fluctuating and well that would just not sit well with shareholders that are being told different. With the TA gagged none the wiser.
2. Why are we not getting regular updates on ALL the rest of the companies. Progas is huge. Surely they must be doing something, yes. Midland/Rome has/had 18 producing wells and were suppossed to drill 5 - 10 more. Why no updates on any single company they own other than the new Best Jets. Why no updates on the Wyoming drilling permits that were OK'd. We are getting NOTHING on ANY of their holdings.
3. Why? Because to do so may increase the PPS and PBLS would not be able to sell, buy and profit with an INCREASING PPS. This crash is not due to shorting and most likely is not completely due to the audited financials(i mean proposed audited financials). If Progas or any of the oil companies were to announce a large successful find the PPS would go up for sure!. PBLS does not want the PPS to go up. They want it to go down and it is.
I could spend a day on this but i won't. I will post the charts on next post with more comments. This is ugly and getting uglier by the day and something is just not right as outlined above. You are all welcome to rebutt this but my position is clear and iv'e already read tried my best to think openly on all the other scenarios. This one just makes more sense to me.
midas.
this is what i posted yesterday morning and i'm almost convinced this is whats taking place, PBLS is making a profit on it's buyback at our expense, they know how to trade, sell high, buy low, how else can you explain the volume with little or no change to the PPS except down, when they dump those shares and it starts heading down other investors join in then they start buying and guess what the pps stabilizes, this can't be proven but does anyone else have any other explanation. Anyone?
midas
Anyone want to predict which team will shutout another team for two consecutive weeks in na row?
Baltimore 31 Oakland 0
midas
that's a very good point ted, giving up on the brow beating for a while, i have set my alerts and am content to just wait and focus my time and energy elsewhere, like football today and other positions tomorrow, we're not gonna get water out of this stone anytime soon.
everyone have a good day, It's almost showtime(NFL).
midas
Thanks for the info Jim,
Excerpt fro Jim's Link.
PBLS $ 0.01
PHOENIX ASSOC LAND S -0.00
Shares Short 54,482
Days to Cover (Short Ratio) 0.0
Short % of Float %
Shares Short - Prior 121,537
Short % Increase / Decrease -55.17 %
i will assume these are as stated and not in millions as i didn't see that anywhere. If this is correct, shorting, unless it is naked is not the problem here.
Coy maybe right. It's possible the choke hold is on squeezing out us longtermers until the big money steps in at the PPS they want to pay. Let's hope so. That's just another scenario and a very good one.
I feel we may not collectively ever find the answers until management is ready. Maybe it's time to just set some alerts and forget this one till beginning 07. Won't be the first or last time I have done that with a stock.
Although SLJB is a great stock to be in now, I only used it as an example. Please let's keep the focus here on PBLS and the questions that need to be answered. Then maybe we can all ride on PA's jets.
midas
So true coy, i was one who got washed out on that one. The only difference I see is in the charts. I'm a chart reader. SLJB's A/D held up during the washout and so did M/F. PPS trended horizontally during the whole washout. PPs has crashed here. The A/D is getting pounded along with the M/F. So unless someone is seriuosly painting this chart I don't see it being washed. I don't see any big money coming in. I don't see any money at all coming in. A/D is crashing. Who is selling all those shares? No one has any answers.
midas
Another thought on certs.
Management has already implemented one cert. buyback program. They are now calling for shareholders to get their shares in cert. form leading me to believe another cert buy back program may be in the works. The first cert. buy back took some time because shareholders had to get the certs.. this time the certs. are in hand. Only two reasons i can think of for this.
1. They want to contol the cert's to retire shares which is good.
2. They want to control the certs. to go private which is bad.
What's it going to be. Can anyone think of any other reasons to do this. I don't think it's because of the shorting. Shorting may have occurred at a higher PPS but who in their right mind would short this stock at this level with the threat of a possible looming financial audit and move to another exchange. Any thoughts on this matter?
midas
You may be right, my post was in no way saying that IS what is happening or occuring at the moment. It is just one of many scenarios that could be playing out. It was meant more to try and stimulate more seriuos thinking(not saying we aren't doing that now) on all subjects good and bad. If their is one thing I have learned in pinkyland is do not ever assume that what management says is what management is going to do. This is after all pinkyland and management can say and do what they like without regard to shareholders and shareholder value. Example: I was a shareholder in SLJB way before the spike. Going through old PR's I found one that stated they would increase A/S in anticipation of a R/S. They increased the A/S and it got me worried so I sold. A week or two later they PR'd they would not be doing the R/S and BAM I lost out. Never assume anything in pinkyland is the lesson I learned.
midas
Sorry about the last post but it's time we as shareholders started getting some answers to some seriuos questions from management. I agree we need to make a list of questions to pose to manamgement for answers whether they like it or not. Starting with these.
Has PBLS converted and sold any A/S within the last year.
Have any Preferred shares become convertable to common shares within the last year.
What is the dollor figure for the order to Army Corps of engineers regarding the 2.5 million order and what materials were sold.
What is the well count for Mid South/Rome Oil. Last known well count was:
Phoenix Acquires Oil Lease in Wyoming for Its Mid-South/Rome Oil & Gas Division
Thursday November 3, 2005 11:55 am ET
Excerpt:
Currently Rome Oil & Gas Co. has 18 wells that are producing between 5BBL/day to 50 BBL/day each, with an average production of 26 BBL/day per well, a rate of production that is expected to increase as the new wells come on line.
That was a year ago. What is todays well count.
In another PR they stated they were going to add 5 - 10 new wells on this lease. Have They?
What if anything is Progas doing. Not one update on this since the acquisition. Why!!!
These are just a very bare minimum of questions I have to be answered. Why are we not getting regular updates on these companies.
Updating these companies should have little bearing on the audits. The audits will just need to be updated. It's just regular business. So why are we getting no and I mean no updates.
Why does this company NOT want investors to be able to figure out whats it's worth. Let's go people. It's time we dig down and find/force the answers from management.
midas
I have to agree 100% with that. Something is seriously amiss here if a company is recommending you get your certs from your broker. In all the years I have been trading this is a first. Even from pinky land. The company is definately counting shares. Why?.
The only logical reason I can think of is this. What if the company is selling just as many shares as it is buying. Their share count will remain the same but the O/S and float will increase if those bought back shares are not retired. This would explain the volume we have been seeing without much of a price movement. Who is selling all those shares! This is an extremely good PPS level for them to do this. Why then would the company do this? The only reason I can think of is they plan on doing an R/S before the financials. They will lose nothing by doing this and gain everything in return. They will still have the same amount of shares but a much lower O/S and float. Perfect to have a very serious run when they release the financials. It is the shareholders who would be hurt by this. Yes?
Management seems in no hurry to get the financials done and increase the PPS. Why?. They have had plenty of time to get the financials done. The complexity of 19 companies should not be a problem. Most of those financials should have been audited before the acquisitions. Whenever I see a company release a PR stating they are buying another company, It is usaually followed with "The acquisition will be finalized when an independant audit is complete". That is usually the process when a company buys another. The audit is usually done before the company is acquired. Why then should it take so long for PBLS audit to be completed. I am quite sure PBLS knows the audited financial situation of a company they are going to acquire before it is acquired.
Enough is enough with this already. PBLS is stalling. WHY?
Any and all comments are welcome. Pro and Con.
midas
Update FMNJ
Pinksheet
IMO this will eventually be a good play. Fundamentals are solid. Right now though commodities are going down and I don't know how that will affect this one. Link back for the fundies.
PPS - This is how this one has been playing so far. Since Aug 16, which IMO was the bottom, it has turned in an up week, a down week, an up week and a down week. Look for an up week this coming week. Also the lows are getting higher and the highs are getting higher.
MACD - Steadily rising to 0 from it's bottom in June.
M/F - on an upswing since beginning of September.
RSI - Trending to the side but sitting good on/around 50. Look for it to move up again with what should be an up week if the trend continues.
A/D - Holding steady.
Stocks - Has crossed to the down but will probably cross back over if the weekly pattern holds true.
6 month daily
Update IHHT
OTC.BB
Starting to turn around but volume is still very low.
Volume - 1.4 mil on September 13. 0 September 14. 46,000 September 15. IMO volume will start to increase this coming week.
PPS - moved up on Friday but it was on very low volume. IMO the bottom was hit on Aug 28 and confirmed on Sept 12.
MACD - Has crossed over to the upside.
M/F - Outstanding since the merger. Link back for the fundamentals.
RSI - Shooting to the upside.
A/D - Still flat from the merger but musch more stable.
Stochs - Stochotic crossover to the upside.
Volume is the key here. Needs more volume. Hopefully that changes this week.
6 month daily
Update SFPS
Pinksheet
Looks like we may have takeoff starting monday. Two charts. 10 day intraday and 6 month daily. I am only posting the 10 day intraday to show the volume discrepency and to ask anyone following here to confirm they see it on their intraday charts also. Analysis below refers to the 6 month daily chart.
Volume - After decent upside volume on Monday and Tuesday, volume fell off to bareley noticable on Wednesday and Thursday. Friday morning and afternoon saw very light volume again, upside, and it appeared it was going to be another do nothing day. There was a late afternoon surge in upside volume that brought PPS up .01. There is also a discrepency between daily volume and intraday volume of 557,660. After hours there was another 700,000 traded. Look for heavier opening volume on monday to the upside.
PPS - +.01. Has just closed above the 10ma. Need to see what Monday brings to tell if this is just another head fake.
MACD - Although it's hard to see on my chart it has crossed over and bars are moving towards the upside.
M/F - Is skyrocketing. Don't know what to make of this. M/F trailed off to 0 before the last spike. All patterns I was following with the last spike failed though so this could be very good.
RSI - Looking real good here. It likes to run from just below 50 and we're almost there now at 43.89. Increasing RSI bottoms and tops. Good sign a reversal is forming.
Stochs - Stochotic crossover to the upside.
6 month daily (see next chart for 10 day intraday)
Notice at 3:45 the spike over the 500,000 line @ 557,660. If this is correct and the daily is wrong then coupled with the 700,000 after hours constitutes some very good EOD upside volume and possibly the beginnings of a run starting monday.
10 day intraday
hey tedwitt
i was going to post a long post today but had to much to do, when i read this post i said to myself this guy tedwitt just posted in about 1/100 of the words i would have used exactly what i would have said, good job tedwitt and thanks for saving me alot of time, i agree almost any other scenario and we might as well use those certs in the fireplace this winter
midas
sorry geman not any old PR will do, the only PR's people want to read are either the financials or possibly share structure or possibly updates on either, thats it, seems the sentiment is when they release a PR people get excited long enough to read the first sentence, when they see anything other than the finacials they sell because the price ends up going down, "our jet engine facility is going to generate tens of millions of dollars" oops stock goes down,
just a quick post tonight, tomorrow i will post my sentiments for what they're worth, don't get me wrong i am still a believer but things just don't seem to be, as they say, and not to offend anyone please, KOSHER.
midas
i would also add to my last post that averaging down for the long term investor is also sound advice. hey if you plan on being here three years from now shares at this price are a steal. my dilemma here is i like to bottom feed and i just don't see a clear and solid bottom. at this point in this stock i'm in at .03. i got in because the chart was solid as were the fundamentals. the chart now is almost unbearable to look at and the fundamentals are, well, questionable. i would rather wait and buy at .0055 then buy now and wait for it to hit .0055. there is just to much uncertainty as to where this is going. now we all know it's going to eventually go up. just when, we don't. if i wait and the pps starts to rise from here i can still buy on the way up and still be averaging down below .03. this is just my reasoning and my strategy. i'm sure everyones might be different and thats ok as long as we make money in the end. just worried about hypothetically throwing $10000 in at .011 only to see that hit .0055 a week later and believe me this stock could do that in one ugly high volume day. it could also swing the other way just as easy. my point is there is to much uncertainty to invest more at this point for me.
all the best to all of you.
midas