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OT- Stockbuilder...
May I suggest reading "How to win friends and influence people." I think you might need to work on that. eom.
Note to Board...
Do you see who is currently getting all the attention? If you don't want to see that happen, DON'T RESPOND. It makes the board, well, suck. Some posters are like whining babies...they cry a lot, but when they are ignored, they either stop crying or learn how to play nice.
At least please help make my job easier by putting posters on ignore. Sadly, I don't have that luxury.
Sadly Stocks, we just can't delete someone because they are negative. However, consistent spamming a board is a TOU. I just sent a PM to Matt.
Well, I'm calling it a day and heading home to teach the baby girl how to swim. She's already loving the ocean and I can't wait to put her on a long board with me and get her used to being out in the surf. For today, we're pool bound...IMO wisdom says you always make friends with the neighbor that owns the pool even if they are weirder than you so that you can enjoy the pool without having to own it and of course try to avoid using it when the weird neighbot is home. ;)
See you all tomorrow.
Ren
OT - Puntang...
Dude, that's gross. She gives me that creeps and well, PBLS, well...sigh.
Don't know if it happened but I wouldn't put it past them. Private placements is part of their M.O. Pre-Katrina and maybe even now, what do I know...
True, but not the company if they had a hand in it.
True. Good catch. I had mental dislexia for a moment there as the topic of discussion had been mods.
Glad to know that you actually do think so highly of me! ;)
As this is not the world I live in I guess my first comment would be what are the legalities of "orchestrate the financial symphony for say, 30% of the net proceeds of staging the spectacle."
I assume that would be illegal correct?
Thanks,
and again, for the record, to my knowledge they both still hold significant positions in PBLS.
Good to know you think so highly of me Ted.
Cats are fine...just please preface with an OT-
I also realize that we have very little else to discuss right now, but beating up a "he said, she said" scenario gets tiring, especially when the said "he said" happened by a he who knows he shouldn't have said it after the fact. And the said "she said" has refused to let the said "he said" go, though the original he said has said he didn't mean what he said the way he said it. Got that? ;) Come to think of it, said is kind of a strange word in the sense that it doesn't look at all like it sounds...maybe said is an imposter to begin with.
Also, if I do determine that mods don't own shares I will ask them to step down. If you don't want me to mod, just ask me to step down. I have better uses of my time but don't like to see open manipulation of decent people on message boards by some "trustworthy" posters.
I personally believe that Osprey finds out pretty much the day that we find out, the only difference is that they send out the PR.
I also don't know why Osprey puts themselves in the position to work with these guys. Never run an IR company, but like investment Real Estate and development, I would think that you are only as good as your last deal when it comes to recruiting new clients.
I've been reading the threads and staying in touch with both Gnulnx and Ray and Shiz. As for the other former moderators, well, read my post to them to see how much I value their opinion on PBLS.
I, like many of you have been here for over a year. I really feel for the one's that got in Pre-Katrina. I have personally under covered every scrap of evidence that I know how to un-earth from Private placements Pre-katrina to P&D groups they gave the boot to, to acquisitions in the making. I feel that I have a good grip on future PR's but am waiting for the company to share that info. I believe that there will be at least one more very strong run in this stock regardless of what happens, and that for better or worse, management is structuring recent events to create that "pop." I actually know a business man whom I greatly respect who visited with PBLS on Monday. He liked very much what he saw and will be investing. I trust him like a father and so it put my heart at ease.
My biggest fear remains in the way these guys handle us mere "commoners." We are not the enemy. We are not all "evil flippers." Some of us are crazy to see this as a potential investment. And as much as they say "we just care about growing the company not making shareholders happy on a day to day basis," well that logic doesn't fly. To see a real pps PBLS will have to be able to sell themselves to institutional buyers etc, ie "the pro's."
Anyway, as I was telling another poster in a PM, I was married to PBLS and now I am dating her. August is make it or break it for me personally as they will have to come through with transparency. I certed my shares but will not take the preferred deal because for me personally, its not a healthy enough return for the risk. If this runs, I might go to free shares earlier. But either way, if they don't produce what they promised by August, this could very easily get halted and/or be gray sheets bound, and to me that is the biggest risk right now. I post my buys and sells and I will step down from being a mod when I no longer own this stock. Today I continue to give them the benefit of the doubt and let my "investment" ride in this great gamble called penny stocks. Tomorrow, well, that's in Ron and Paul's hands, and I truly feel for them if they don't come through at this point. They've made way to many promises in PR's, emails, phone conversations etc that if not kept, well, you get the point.
Ren
Please move on to another subject. If you want to know where FMI and/or Shiz stand on this stock I suggest that you send them a PM and or try to speak with them on the phone. Please keep in mind that no one gets paid to be a mod and no one is above making a mistake when they post. eom.
Actually IMO they haven't sold because they are as much in the dark was we are. I personally feel that right about now they are feeling a bit had like many PBLS share holders. I don't know about the conversion deal though as I never asked them if they took it. Hopefully the boys at PBLS realize that not coming through with news now in a timely manner is dangerous to the future trading of this stock.
OT - Me too. Right after I called and registered which is why I deleted my post.
They're around, but not typically until after 5pm EST.
They have been working a ton during the day. Both of their businesses boom during the summer. At least that's what I've been told by Shiz on the phone. You'll notice that I post mostly during the day and they post mostly in the evenings.
So you are saying that they convinced the owner of the townhomes that PBLS common would be worth $10 a share some time in the next 5 years? If that is true, I need these boys selling for me.
But the one thing that is confusing to me is the simple fact that it says in the recorded contract if the price of PBLS Preferred falls below .03, the option can not be exercised. As I don't see how the Preferred could change in face value (as they are valued at $10), I made the assumption they were meaning common, as .03 was the price of the last buy back.
Either way, check out the document and please do clarify. I buy and sell real estate all the time, especially condo conversions as that's a "hot item" investor-wise in the current market. In fact I looked at 3 locally today for an investor I have out in Los Angeles. However, sadly I don't have the ability to give stock away as consideration and so this is new territory for me. THIS DEAL is so small in the great scheme of things that it's really not that big of a deal. We're just biding time until the next news.
OT - Just a little positive music from a man who overdosed on herion and wasn't found for like a week because he was so alone in life though he was worth millions, multi-platinum yada, yada. Ironical, huh?
Ren
Plus, so could be an abbreviation for soon. Got to read between the lines here if you want to see anything at all. ;)
OT - PBLS Song of the Day
"Down in a Hole" by Alice in Chains (for obvious reasons):
BTW Don't we have a new "soon" per Ron's "couple weeks/two weeks" promise of clarification?
Bury me softly in this womb
I give this part of me for you
Sand rains down and here I sit
Holding rare flowers
In a tomb...in bloom
Down in a hole and I dont know if I can be saved
See my heart I decorate it like a grave
You dont understand who they
Thought I was supposed to be
Look at me now a man
Who wont let himself be
Down in a hole, feelin so small
Down in a hole, losin my soul
Id like to fly,
But my wings have been so denied
Down in a hole and theyve put all
The stones in their place
Ive eaten the sun so my tongue
Has been burned of the taste
I have been guilty
Of kicking myself in the teeth
I will speak no more
Of my feelings beneath
Down in a hole, feelin so small
Down in a hole, losin my soul
Id like to fly but my
Wings have been so denied
Bury me softly in this womb
Oh I want to be inside of you
I give this part of me for you
Oh I want to be inside of you
Sand rains down and here I sit
Holding rare flowers (oh I want to be inside of you)
In a tomb...in bloom
Oh I want to be inside...
Down in a hole, feelin so small
Down in a hole, losin my soul
Down in a hole, feelin so small
Down in a hole, outta control
Id like to fly but my
Wings have been so denied
Okay, sorry for the negativity...PUMP!
Not trying to beat it up as I am not an insider as you seem to be. If you want the document I have, pay for a premium membership at St. Tammany Clerk of Court, then simply log onto the St. Tammany website and under the land records tab find instrument 1591412. It's there in writing the way that I posted it. Don't know why there would be conflicting documents but then again, I don't have the physical documents on my desk because I was not a party to the transaction as you seem to be. Don't take my word for it though. Go look it up. If you would like to post a screen shot of the contract you have, we would all appreciate it greatly.
Thanks for clarifying though. All we want is a clear picture of what is going on behind the veil.
Ren
Totally agree. The key here is that there is no reason for them to convert to common if the common stock price is low.
But re-read the Second Option on page 4 of instrument 1591412...there is something there that does not make sense regarding the valuation of PBLS Preferred stock falling below a value of .03 that they can not exercise the option. I fully believe that should read "common" not preferred and is a typo. That's where I am coming from with the .03 price floor on the conversion from preferred to common. And as for a 1 to 1 conversion, that is also not in the document. It states that they can convert up to $400K of PBLS LLC preferred stock into PBLS common a year, after Nov. 2006, but only if the stock is trading above .03. It's a valuation thing. Today, $400K of Preferred is 40K shares. You could sell that and after commissions would get approx. $28M shares of common, for a conversion of 1 for 700. You get to choose whether they are speaking of Preferred or common there. I choose common.
That's how I read the document and I don't know how to post a screen shot nor do I have time to re-type it.
Ren
PS Still would like an answer to the PM I sent to you.
I just looked at my Scottrade trade history for PBLS and I am cruising in on about 15 months. Always been in, but do have some trading shares that I buy and sell. The only way I've made money on this stock is by buying at a well tested bottom (like now), and even then it's been 50/50.
As far as trust. Well that's earned by promises kept and I still have time to wait for them to keep them.
Based on how this has traded historically, I would say a close above the MA200 would be huge. I still expect mostly sideways trading until either news or the inevitable slow bleed...
Agreed. ;)
I'm still wondering if that were told that they needed to include the ratio of common shares to preferred shares in the O.S. IE this many Preferred 3 shares are O.S. They can be converted to common at x number of shares at some point in the future, so then we must treat those common shares as O.S. as well. I think I remember some other posters discussing this, maybe Lowfloat?
Funrun gets a frown! And I'm one poster closer to jack pot baby.
BTW Do I win like an all expense paid vacation to the Spooz office or something or a subscription to their software that I will never be smart enough to use?
Actually Buck, even the high volume days of last week show a stock that is thinly traded for the supposed O.S., one that almost trades like the O.S. is lower than 1.75B and that doesn't make sense considering what we supposedly "know" about the O.S. from pinksheets...EOM.
Green open.
IMO yesterday's close was significant. I'm a chart novice, but I don't see us hitting sub-penny now. That is unless there is a serious delay in news or more news that appears to be negative...
Good find on the comps Small...
Hey, I'm here for you buddy.
(Now doesn't that sound like a used car salesman...)
((No offense if you sell used cars...))
Either "soon" or "very soon."
Now that I would doubt, but having no experience with even laundering my own clothes (God bless my wife), I couldn't say I know much about laundering anything. As they are not selling drugs that we know of I don't know why they would need to launder money...
I can do loans on those houses all day long with 9+ lenders currently. And not only would an investor get 50% tax write off if they are a real estate professional, but they would also get a check from Uncle Sam for $30K if they agree to put it in a rental program for 5 years. Depends on the county in MS though.
Regardless, they might want to earn the interest on the loans, but to help get financing for the buyers because there are no lenders is not the case (see Taylor Bean, BNC, Netbank, Countrywide, Wells Fargo, UBS etc etc).
That's an interesting point. Basically then PBLS could act as their own Preferred Lender when they sell their own jets/condos to the end user.
Being in the money lending business is very profitable if you know what you are doing. Hard Money lenders make a killing as do most well-run local retail banks.
The rumor has been off shore...