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gnulnx,
OK, let us see where the next few days takes us. I have been here for a while and a few more days will not make a difference.
I am IN. g/f's mom is a managing partner for a firm in MS.
GNULNX,
PM Me your email, You have spoken to my co-worker CAPROCK in the past. We compiled our conversations.
WHIRLIGIG, (1.7 billion not 1.8 Billion)
Have you ever known me to lie?
from there, 2 logical paths;
1) I have planted myself here for over a year just to plant this lie.
2) I was really told that and I am honest enough to still hold and pass this on to others........................
Choooooooose,
1 Post left.
I have a very paranoid theory that would explain the selective stories...
Hint,
The Big Holders and Long Timers were told 1.7 Billion....
Draw your conclusions
2 posts left.....make the question good
I was told 1.7 billion...
I agree with you on the .06
If there is another drop I will pound into it again some more shares.
Even though it was not the greatest week, I learned a lot and enjoyed the KAOS.
For your trading shares what signals to you trade off of?
I was personally hoping for a spike to .078 cents. I would have flipped 400,000 shares and paid off everything but the main house note. Been on a debt killing benge for the last year....
good to hear.
I spoke with IR and they are hinting heavy at 1.7 Billion in O/S
I saw the numbers and it looks to me like everything is being piled back into the company.
I think if anything this just got turned into a 2008 or 2009 play.
But hey really seeking your thoughts on the subject.
I talked with IR and it was transmitted...
Now butt-munch
is the lie mine?
is the lie IR?
or read the PR and the fact that it is up to the pinksheets
Why don't you take atleast one finger out of your butt (shake the corn off) and dial Mike M.
IT WAS PEOPLE LIKE YOU OVER AT THE SLJB BOARD THAT CALLED ME A LIAR WHEN I POSED SEVERAL ITEMS THAT NAILED THEM AS A SCAM AND DELETED THEM AS WELL.
I guess I never drove to PBLS and had a sit down with PA & RB either....
does that mean that you are out?
Han2004fl;
Nothing interesting about it. Myself & caprock have been in for 19 months. Imirish has been here a while as well.
1.7 billion...
We tend to share info here. We are all in the same boat.
Imply what you want. This crap will work or it will die. If you do not like it or what we say then please by all means get off your ass and call the company or Mike M. your self and do some DD yourself. Other than that shut-the-F*CK-up and either enjoy the fire-fight ride or sell and search out some SEXY penny trading at .005 that claims to have the cure for cancer or a modular hotdog stand for the Moon.
You know something SEXY
still here.... waiting....
yep 1.7B, totaly agree from their mouths
so close you can almost smell the azz
Imirish,
I have $100 bucks that says that you are within + - 5% of your guess.....
Stock & Paid in Capital 2006 = 84,113,032 2005 = 79,610,390
Nice,
Well almost Friday. Time to find out if we are standing the deck of the Hornet or the Akagi.
http://en.wikipedia.org/wiki/Image:Sinking_of_japanese_cruiser_Mikuma_6_june_1942.jpg
Take a closer look. It looks like they plowed the majority of the "would have been profit" back into the company.
Look what they spent sence December in order to generate a future porfit.
1) 11 million for the 32 unit townhouse deal
2) 2 million plus a 10 year note for the air division
I wonder what was reinvested last year in the company?
Like stock buy backs. Equipment for the mine. Saleries for some of the new tallent.
I wonder what the 9 million increase in "investments" was.
Oil reserves were "0" for both years. Why include this?
The increase in depletion means that they are working the mine.
3 million in leasehold improvements (developing the mine?)
Accm Depreciation, I bet my bottom dollar (Penny) that the schedule in no way matches the real life of the equipment.
Many other things to forward to......
The pps sucks but hey I can hang...
asking you to confirm my thinking, correct my thinking, add to my thinking. Sort of a joint project.
Some of the PR's sence Dec 2006 state income is coming. I am content with todays action in many ways. Was hoping for a pop though but hey....
No supprise at all of the deletion...
Renavatio maybe you could add to this;
Keep in mind that the numbers are a snap shot from December 31, 2006
We need Share structure & 1Q07 numbers to see the real story of what will unfold in 2007 & part of 2008. The Bold & Notes are mine.
Now, what has happened since then?
http://biz.yahoo.com/iw/070104/0199605.html
Note #1
http://biz.yahoo.com/iw/070105/0199623.html
Note #1
http://biz.yahoo.com/iw/070108/0200466.html
Note #2
http://biz.yahoo.com/iw/070213/0214664.html
Note #3
http://biz.yahoo.com/iw/070214/0215247.html
Note #4
http://biz.yahoo.com/iw/070215/0215774.html
Note #5
http://biz.yahoo.com/iw/070220/0217409.html
Note #6
http://biz.yahoo.com/iw/070222/0218622.html
http://biz.yahoo.com/iw/070227/0220151.html
Note #6
http://biz.yahoo.com/iw/070301/0221718.html
http://biz.yahoo.com/iw/070306/0221942.html
Note #6
http://biz.yahoo.com/iw/070328/0232064.html
http://biz.yahoo.com/iw/070418/0240283.html
Note #6
http://biz.yahoo.com/iw/070501/0246096.html
Note #6
http://biz.yahoo.com/iw/070502/0246919.html
http://biz.yahoo.com/iw/070508/0248940.html
Note #6
http://biz.yahoo.com/iw/070509/0250475.html
Note #5
http://biz.yahoo.com/iw/070517/0254199.html
Note #1
http://biz.yahoo.com/iw/070614/0266191.html
Note #7
ASSETS
Current Assets
Cash and Cash Equivalents 9,202,005 6,646,963 Note #7
Accounts Receivable - Net 4,496,621 1,273,181 Note #7
Inventories 13,041,050 9,525,500 Note #8
----------- -----------
Total Current Assets 26,739,676 17,445,644 Note #9
Other Assets
Investment 18,250,088 9,633,375 Note #10
Prepaid Expenses 282,047 102,296 Non-Issue
Goodwill 13,232,540 9,632,540 Note #11
Oil Reserves 0 0
Land Leases 1,402,840 1,401,265 Non-Issue
----------- -----------
Total Other Assets 33,167,515 20,769,476 Note #12
Fixed Assets
Buildings 728,000 728,000 Non-Issue
Land 225,000 225,000 Non-Issue
Real Estate Holdings 11,002,642 0
Building Improvements 412,268 25,275 New HQ
Machinery & Equipment 9,397,825 2,309,398 Note #6
Furniture & Fixtures 177,065 157,965 Non-Issue
Leasehold Improvements 18,549,000 15,885,990 Note #6
Mineral Reserves 47,550,000 47,550,000 Mine
Vehicles 275,531 275,531 Non-Issue
Less: Accum Depletion (16,015,635) (13,314,000) Note #6
Less: Accum Depreciation (6,780,821) (3,584,267) Note #6
----------- -----------
Total Fixed Assets - Net 65,520,875 50,258,892 Growth
TOTAL ASSETS 125,428,066 88,474,012 Growth
=========== ===========
LIABILITIES & SHAREHOLDERS' EQUITY
Current Liabilities 28,543,162 6,519,938 Note #2/4/13
Long Term Liabilities 4,107,000 2,343,842 Note #2/4
Shareholders' Equity
Stock & Paid in Capital 84,113,032 79,610,390
Unrealized Market Gain / (Loss) (14,441)
Retained Earnings (158) (158)
Income / (Loss) 8,679,471
----------- -----------
92,777,904 79,610,232
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY 125,428,066 88,474,012 Growth
=========== ===========
Phoenix Associates Land Syndicate, Inc.
Consolidated Statement of Revenue and Expense - Pre-Audit
---------------------------------------------------------
For Year Ended December 31, 2006
2006
-----------
Revenue 178,143,101
Cost of Goods Sold 159,605,335
-----------
Gross Profit 18,537,766
Operating Expenses 11,160,096
Operating Profit / (Loss) before 7,377,670
Depr, Amort, Depl, Interest & Tax
Depr, Amort, Depl, Interest & Tax 5,898,199
Other Income / (Expenses) 7,200,000
Income / (Loss) Pre Tax 8,679,471 Conclusions
===========
Phoenix Associates Land Syndicate, Inc.
Consolidated Statement of Revenue and Expense - Pre-Audit
---------------------------------------------------------
For Year Ended December 31, 2005
2005
-----------
Revenue 165,971,862
Costs and Expenses
Operation Costs 156,771,118
General and Administrative 2,735,642
-----------
Total Costs and Expenses 159,506,760
EBITDA 6,465,102
===========
Notes;
Note #1) Over head, new people coming in with the effect of higher costs of sales but in the reverse people that know the industry.
Note #2) 32 unit town home. Profit to exceed $10 million to be realized over the next two years. Borrowed $6.5 million, total cost $11 million (Affected Liabilities both current & long term depending on the loan structure)
Note #3) High speculations here and I will leave it at that.
Note #4) Cost $2 million with a 10 year note at 6% (Goes to long term liabilities minus what is due in 2007 which would be short term liability). The engine contract is what I would like to know more about. Hot path inspections and overhauls on turbines bring a pretty penny.
Note #5) Converted 42 million shares? Did PA & Company convert 25%? Now that would reduce the float by a substantial amount.
Note #6) $20 million contract with Cherokee that then evolved into a contract on a per year basis (Reason for the 1,700 acre new mine?). Mine went to a 24/7 operation. Five sites are now to be utilized at the mine. Announced the doubling of mine volume. Detailed specs on new equipment. Announced the acquisition of a new 1,700 acre mine (which I believe is in the County of Pearl River MS). I believe that a lot of the equipment purchased for the mine ended up on the 2006 balance sheet. Depletion increased due to mine activity. Depreciation of mining equipment; who knows what schedule of depreciation they used but my guess it is the one that takes the cost of the equipment as quickly as they can and does not represent any relationship to the useful life of the mining equipment.
Note #7) Cash; the way ProGas operates lays a lot of cash in the accounts. Increased mine production in 2006 could also account for the difference sense ProGas revenues do not look like the 190,000,000 that were stated for them before the purchase by PBLS (Katrina & Rita damage could have been very severe and some of the production that was knocked off line might not have been economical to repair). Leaves me to believe that the mine & some of the oil-services related companies where a good chunk of this.
Note #8) the majority of the difference should relate to Growth at the mine; piles of material yet to be sold. If you get new equipment on site then use it to process material into a sellable form.
Note #9) Nice growth for a Pinkie.
Note #10) Hopefully this investment is very liquid and can be used for working capital. Then again in a dream world they forked over $10 million to get a 30% equity chunk in a certain small refinery restart project that one of our IHub board members passed on to them.
Note #11) When you buy companies, the difference between the book value and the purchase price can end up there. It is a really hard to define intangible that can be confusing.
Note #12) Same as note #9
Note #13) This is an ISSUE and hopefully Note #10 relates to this. Current liabilities are due within the next year. Then again I would rack them up if Notes #2/6/10 apply and will cover. Liabilities can be good & bad depending on what they were generated for.
Conclusions: We are in for a rough ride and anyone who thought we would spike to DA’MOON will be disappointed. Others willing to sit for a few years will be very happy with this one; even a few days if the share structure is good. This looks just like any growing company would look like at this stage. I am happy with what I see in general and I am waiting for tomorrow.
Please Read; Comments Welcomed....
Keep in mind that the numbers are a snap shot from December 31, 2006
We need Share structure & 1Q07 numbers to see the real story of what will unfold in 2007 & part of 2008. The Bold & Notes are mine.
Now, what has happened since then?
http://biz.yahoo.com/iw/070104/0199605.html
Note #1
http://biz.yahoo.com/iw/070105/0199623.html
Note #1
http://biz.yahoo.com/iw/070108/0200466.html
Note #2
http://biz.yahoo.com/iw/070213/0214664.html
Note #3
http://biz.yahoo.com/iw/070214/0215247.html
Note #4
http://biz.yahoo.com/iw/070215/0215774.html
Note #5
http://biz.yahoo.com/iw/070220/0217409.html
Note #6
http://biz.yahoo.com/iw/070222/0218622.html
http://biz.yahoo.com/iw/070227/0220151.html
Note #6
http://biz.yahoo.com/iw/070301/0221718.html
http://biz.yahoo.com/iw/070306/0221942.html
Note #6
http://biz.yahoo.com/iw/070328/0232064.html
http://biz.yahoo.com/iw/070418/0240283.html
Note #6
http://biz.yahoo.com/iw/070501/0246096.html
Note #6
http://biz.yahoo.com/iw/070502/0246919.html
http://biz.yahoo.com/iw/070508/0248940.html
Note #6
http://biz.yahoo.com/iw/070509/0250475.html
Note #5
http://biz.yahoo.com/iw/070517/0254199.html
Note #1
http://biz.yahoo.com/iw/070614/0266191.html
Note #7
ASSETS
Current Assets
Cash and Cash Equivalents 9,202,005 6,646,963 Note #7
Accounts Receivable - Net 4,496,621 1,273,181 Note #7
Inventories 13,041,050 9,525,500 Note #8
----------- -----------
Total Current Assets 26,739,676 17,445,644 Note #9
Other Assets
Investment 18,250,088 9,633,375 Note #10
Prepaid Expenses 282,047 102,296 Non-Issue
Goodwill 13,232,540 9,632,540 Note #11
Oil Reserves 0 0
Land Leases 1,402,840 1,401,265 Non-Issue
----------- -----------
Total Other Assets 33,167,515 20,769,476 Note #12
Fixed Assets
Buildings 728,000 728,000 Non-Issue
Land 225,000 225,000 Non-Issue
Real Estate Holdings 11,002,642 0
Building Improvements 412,268 25,275 New HQ
Machinery & Equipment 9,397,825 2,309,398 Note #6
Furniture & Fixtures 177,065 157,965 Non-Issue
Leasehold Improvements 18,549,000 15,885,990 Note #6
Mineral Reserves 47,550,000 47,550,000 Mine
Vehicles 275,531 275,531 Non-Issue
Less: Accum Depletion (16,015,635) (13,314,000) Note #6
Less: Accum Depreciation (6,780,821) (3,584,267) Note #6
----------- -----------
Total Fixed Assets - Net 65,520,875 50,258,892 Growth
TOTAL ASSETS 125,428,066 88,474,012 Growth
=========== ===========
LIABILITIES & SHAREHOLDERS' EQUITY
Current Liabilities 28,543,162 6,519,938 Note #2/4/13
Long Term Liabilities 4,107,000 2,343,842 Note #2/4
Shareholders' Equity
Stock & Paid in Capital 84,113,032 79,610,390
Unrealized Market Gain / (Loss) (14,441)
Retained Earnings (158) (158)
Income / (Loss) 8,679,471
----------- -----------
92,777,904 79,610,232
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY 125,428,066 88,474,012 Growth
=========== ===========
Phoenix Associates Land Syndicate, Inc.
Consolidated Statement of Revenue and Expense - Pre-Audit
---------------------------------------------------------
For Year Ended December 31, 2006
2006
-----------
Revenue 178,143,101
Cost of Goods Sold 159,605,335
-----------
Gross Profit 18,537,766
Operating Expenses 11,160,096
Operating Profit / (Loss) before 7,377,670
Depr, Amort, Depl, Interest & Tax
Depr, Amort, Depl, Interest & Tax 5,898,199
Other Income / (Expenses) 7,200,000
Income / (Loss) Pre Tax 8,679,471 Conclusions
===========
Phoenix Associates Land Syndicate, Inc.
Consolidated Statement of Revenue and Expense - Pre-Audit
---------------------------------------------------------
For Year Ended December 31, 2005
2005
-----------
Revenue 165,971,862
Costs and Expenses
Operation Costs 156,771,118
General and Administrative 2,735,642
-----------
Total Costs and Expenses 159,506,760
EBITDA 6,465,102
===========
Notes;
Note #1) Over head, new people coming in with the effect of higher costs of sales but in the reverse people that know the industry.
Note #2) 32 unit town home. Profit to exceed $10 million to be realized over the next two years. Borrowed $6.5 million, total cost $11 million (Affected Liabilities both current & long term depending on the loan structure)
Note #3) High speculations here and I will leave it at that.
Note #4) Cost $2 million with a 10 year note at 6% (Goes to long term liabilities minus what is due in 2007 which would be short term liability). The engine contract is what I would like to know more about. Hot path inspections and overhauls on turbines bring a pretty penny.
Note #5) Converted 42 million shares? Did PA & Company convert 25%? Now that would reduce the float by a substantial amount.
Note #6) $20 million contract with Cherokee that then evolved into a contract on a per year basis (Reason for the 1,700 acre new mine?). Mine went to a 24/7 operation. Five sites are now to be utilized at the mine. Announced the doubling of mine volume. Detailed specs on new equipment. Announced the acquisition of a new 1,700 acre mine (which I believe is in the County of Pearl River MS). I believe that a lot of the equipment purchased for the mine ended up on the 2006 balance sheet. Depletion increased due to mine activity. Depreciation of mining equipment; who knows what schedule of depreciation they used but my guess it is the one that takes the cost of the equipment as quickly as they can and does not represent any relationship to the useful life of the mining equipment.
Note #7) Cash; the way ProGas operates lays a lot of cash in the accounts. Increased mine production in 2006 could also account for the difference sense ProGas revenues do not look like the 190,000,000 that were stated for them before the purchase by PBLS (Katrina & Rita damage could have been very severe and some of the production that was knocked off line might not have been economical to repair). Leaves me to believe that the mine & some of the oil-services related companies where a good chunk of this.
Note #8) the majority of the difference should relate to Growth at the mine; piles of material yet to be sold. If you get new equipment on site then use it to process material into a sellable form.
Note #9) Nice growth for a Pinkie.
Note #10) Hopefully this investment is very liquid and can be used for working capital. Then again in a dream world they forked over $10 million to get a 30% equity chunk in a certain small refinery restart project that one of our IHub board members passed on to them.
Note #11) When you buy companies, the difference between the book value and the purchase price can end up there. It is a really hard to define intangible that can be confusing.
Note #12) Same as note #9
Note #13) This is an ISSUE and hopefully Note #10 relates to this. Current liabilities are due within the next year. Then again I would rack them up if Notes #2/6/10 apply and will cover. Liabilities can be good & bad depending on what they were generated for.
Conclusions: We are in for a rough ride and anyone who thought we would spike to DA’MOON will be disappointed. Others willing to sit for a few years will be very happy with this one; even a few days if the share structure is good. This looks just like any growing company would look like at this stage. I am happy with what I see in general and I am waiting for tomorrow.
not like I did not do 500 hits myself
Acid test = this ratio is a measure of a firm's ability to pay their current liabilities as they come due with the more liquid current assets.
Renavatio;
You said it "Acid test"
dcbass,
about the PM,,,, figuring it out now. From the face of it, it looks like what a growing company would look like. I would like the current liab. defined. but looking at a growing & aquiring company you have to consider the "fire-fight" atmosphere on the balance sheet. What do you keep & what do you shoot in the head...
There are a lot of new expences (could be related to all of the new hires & other items).
Other income.... hmmm could of shot Rome oil & gas in the head or at the very least their KY leases amoung other things.
The real meat I believe will be in 1Q07 numbers and the contracts signed. You have to spend money to make money.
Future INCOME
sounds like someone wants people to sell by providing another alturnative
did anyone else here just get a PM about another stock?
2006
Income / (Loss) Pre Tax 8,679,471
Now lets see what they did to the float...
1) If PA & RB really converted 25%
2) If they never went into that 2nd billion lot of shares
3) If the 110 million & 100 million buy backs were really done
4) If they really did get 42 million shares from the conversion
5) If they really did get 30 million shares from the .03 buy back (Not included in #3)
6) IF what PA said to me 1 year ago was TRUE, that he has been thinking about buying back the other restricted shares out there.
125,428,066 88,474,012 TOTAL ASSETS. Some body bought some thing
HOLDING, JUST PISSED THAT I HAD NO DRY POWDER
how much?
not from .006 - .01 its not....
only on a personal level
I have spoken to Ron, In fact I have had lunch with Ron.
for $200 bucks I will give you 6 digits of his cell number...
Whirligig;
Been here 19 months, I will either burn to the ground here or have a life changing event...
I am with you, come on Friday
min. wage?
Spotted owl, taste like chicken
shake you're boooooooty, shake, shake, shake, shake you're booooooooty
DERB,
dude, you are relentless... Whats up? Short? Long & Got Burned? Can't hear the wind pass any more? Take a day off dude...