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Whirl,
I know the answer, so forgive me for asking, but if you heard we were buying an offshore bank, are you saying that it would further hurt their credibility? If so, how and why?
I personally think that it scares me to. But I also know that it could be a good avenue to help them in gaining financing for construction projects easier...like the project in MS.
Question for the Board 2:
What are your thoughts concerning the rumors of PBLS spinning off it's divisions into stand alone companies?
Do you think that it will be handled similarly to BIGN (dare I use that comparison) in only the fact that we would receive divy shares of the spin offs?
Question for the Board 1:
What would be the purpose of PBLS owning an offshore bank?
Does it matter where the bank is located, say the Caribbean?
As there are several rumors floating around, we might as well beat those to death while we're waiting on more info...
Sorry, out to lunch. ;)
Buck.
Posting the same message content over and over and over amounts to spam (they sold, they sold, they're criminals, this is a scam etc etc). Please move on in the content of your messages to something else. You are clogging the board and that is a TOU violation.
To other posters. Please use the iggy button if a poster is annoying you. Thanks,
Ren
Also, someone has to be financing the Mitchell & Furr lawsuit...
- Owned by three brothers who tried to sell it to Murphy but their father did not permit them and has now passed away
- No known family business of the three
- Legal fees have to be in the hundreds of thousands of dollars by now
Makes you wonder who is footing the bill for a 4+ year lawsuit and why? Hmmmmm...
Some reasons why we are currently winning the Pit lawsuit:
(Keep in mind that this is Louisiana and anything can happen and also that I'm not bright enough to be a lawyer...)
((Taken from court transcripts at St. Tammany Clerk of Court))
Mitchell & Furr Claim 1 - Phoenix could deplete the pit and then go bankrupt and not pay royalties
PBLS Response - showed financials for pit (no specifics given in the transcript but sure wish we could see them), trucking statements, consistent royalties since 2001, increase in owned mining equipment at pit
Mitchell & Furr Claim 2 - That PBLS needs to be paying for the overburden
PBLS Response - During questioning, Furr admitted that they gave the over burden away and that he never valued the over burden before the $30M Pr
Mitchell & Furr Claim 3 - that PBLS had broken the lease agreement by entering into non-authorized sub-leases
PBLS Response - demonstrated to the courts how United Soils of Louisiana is a Phoenix owned company and therefore not a sub-lease.
PBLS Claim - Furr guilty of quantifiable business interference. Serving faulty and non-court approved eviction papers; threat of lawsuit to sub contractors caused them to vacate premises; threatening employees with imprisonment; cutting off locks leading to stolen equipment; interference with PBLS getting approved for a loan; Furr allowing other businesses onto the leased property etc. etc. etc.
Mitchell & Furr response - zip. nada.
Here's another reason for being in a "quiet period..." that I hadn't thought of...it is effecting the pit lawsuit.
https://www.sttammanyclerk.org/liveapp/include/ImagePopup.Asp?WinCap=Image+for+Suit%23+200312894&DocID=3837512&PrnCap=Docket%23200312894&PrnMemo=Printed+from+Docket%23200312894
Mitchell is using estimates from PBLS PR’s about value of overburden (“$30,000,000”) as justification to get PBLS to pay royalty for it.
However, Furr is on testimony as saying he never valued the over burden before the PR and that before Phoenix, they would just give the stuff away. Also, before the $30M PR, Furr would come to the pit every day, see the hauling off of the over burden, and never asked for royalties for years. He also admitted that it’s not normal course for a royalty to be paid on it.
The only positive spin I can put on a gagged T/A is that it assists them with a buy back and it shelters the true share count from a potential hostile buy out.
But even I great difficulty swallowing that logic...
OT-Cutting
Don't split them. Eights or aces only dude, and you always hit a soft 17 but stand at 16. Let the dealer go bust. Wait, isn't the dealer PBLS? On second thought, split your 7's. ;)
Volume is still staying high...26,854,378 per Scottrade and half a trading day to go.
Or the company continues to allow a scenario where manipulation can easily occur...
All just a matter of perspective.
That goes for me too. I see indecision in the chart still. This could easily be the triple bottom we bounce off of, or it could be the next step on the stairway down to .006 (secondary support).
The gamble is getting it right at least half the time...
I believe I can fly...
I believe I can touch the sky?
I think about it every night and day!
Spread my wings and fly away...
I believe I can soar!
I see me running through that open door (except when it's time to take some profits at .034...)
I believe I can fly?
I believe I can fly?
I believe I can fly.
Don't fly away Buck. If so, we will miss you.
You got that right. The key word for everyone to consider is "investing." Is that what you are really doing with these type of companies or is this no different than buying junk bonds and/or tax liens? I know how I approach it and it tends to keep me a bit even keeled for the most part.
Prayer and beer helps too, but typically not at the same time all the time (some of the time is quite normal for me).
You mean like this Buck...of course this was from Wed. 6/14 to Fri 6/16 when the stock was plummeting and you were pumping away...EOM.
http://www.investorshub.com/boards/read_msg.asp?message_id=20484839
Posted by: bucklovette
In reply to: bucklovette who wrote msg# 40869 Date:6/15/2007 11:39:49 AM
Post #of 43078
There is very few stocks I every PUMPED but this is one.
http://www.investorshub.com/boards/read_msg.asp?message_id=20508269
Posted by: bucklovette
In reply to: gitonwithit who wrote msg# 41279 Date:6/16/2007 8:16:25 AM
Post #of 43079
Check and see how many OTC or PINKS stock make a clear profit and get back with me.
http://www.investorshub.com/boards/read_msg.asp?message_id=20510890
Posted by: bucklovette
In reply to: Han2004fl who wrote msg# 41347 Date:6/16/2007 1:36:25 PM
Post #of 43080
REAL GOOD........ If its OK with you every time I see someone fussing about 1.75 billion shares, I will repost this. Thanks.
You guys should check into self directed IRA's. Much more flexible. Check out http://www.theentrustgroup.com/. An IRA that allows you to buy and sell individual parcels of Real Estate as an investor is a beautiful thing...
Can't speak for the other mods, but I've never deleted one of your posts. For the most part I find your opinions on things conservative and balancing, though they do come off somewhat negative at times. I don't delete negativity. I don't delete positivity. I just delete TOU violations.
As you know from my PM's, I have appreciated some of your tips on other stocks like SPZI and SOLM. And for what it's worth, for the most part I'm pretty much the only mod working the board during market hours right now. So feel free to stick around but do try to play nice.
Okay, I know I'm running late but I'm thinking July 9th for know other reason than lessons learned in being more conservative.
I should say feel free to iggy the mod then!
Booo! You old goat, are you still giving me h#$* as the resident pumper? ;)
What is fun is to go back and read some iggied people's posts. Flip, flop, flip, flop, pump, bash, pump, bash...
YAWN.
Reminder to the board...
As much as some of us mods would like to make annoying posters disappear, unless its a TOU violation we can't do much. However, when it becomes something that clogs the flow of the board, we can alert Matt and he will step in and shut it down. That takes a bit of time but one or two obvious posters have already been submitted to Matt.
So do yourself (AND ALL OF US FOR THAT MATTER) a favor for now, don't reply to the annoyance. Just iggy it please.
Ren
Okay kids, play nice. See you in the morning...;)
Ren
Okay, I'll bite...
Is Del Mar associated with Capital Growth?
This is a key support level and thus hopefully also a potential "triple bottom." If we drop and close below .011, IMO, next stop would be .005-.006 range, which is the next support.
And no N.I. figure means no eps figure.
Dare I agree to the triple bottom some others are pointing out? I'm too afraid with how this stock trades to take a definite stand...
I'm also too stupid to figure out how to post a picture of the annotated chart...sigh.
Actually Nevada Revised Statutes give us more rights as shareholders than you might imagine. It's just an expensive and timely route to follow. However, IF, and I do mean IF, it comes to confronting management, it needs to be more than just showing up at the office angry. It needs to be handled professionally and intelligently, and probably with legal representation, if they are to take it serious. The only problem then is the simple fact that these boys don't mind going to court. Just look at their history.
I for one hold and wait and will cross that bridge into "further action" when I feel the time is right. Personally, I still feel that action would be premature at this given moment, and not certain I want to waste time with the head ache that is absolutely, positively certain to come from it. I will certainly tag along with a suite brought by some of the bigger shareholders though, again, IF, and I do mean, IF it comes to that.
But what do I know? I'm still working my day job. ;)
Agreed. "There is a time for everything, and a season for every activity."
IMO, it's not time for that...yet.
I tried to give him a hug but the monitor just keeps getting in the way. eom.
Done.
Board, I have privately forwarded CC's request at his request.
Ren
He's just negatively stigmatized by other recent events...;)
IMO yep. Stupidity typically equates to either potential profits or losses in pinky-land. I typically give it a 50% chance either way. ;)
Agreed.
Just look at PBLS for a classic scenario of what you are talking about. If most would have "assumed the worst" ie kept things conservative with A/S=O/S then the chart wouldn't look the way it does and people wouldn't be moaning so much right now. In the end, it all comes down to eps and or book value per share anyway...IMO
My shares are certed. I'm just waiting to see how this plays out through August 1.
Okay, I've been thinking about this and here are my two cents...
1) It's aggrevating that he put you off
2) It's probably a good thing is they stop answering shareholder's questions as they have a business to run and any time these boys open their mouth I become afraid of them doing something that will make them liable to the SEC plus it's SUPPOSED to be IR's job.
3) What we're all really mad about isn't just the lack of information we get from the company. It's two-fold. The would-be projections, dates and collective "soon's." But mostly, the fact that while shareholders can be annoying, a public company SHOULD NEVER TREAT THEM LIKE THE ENEMY. Business requires tactfulness, and dealing with shareholders on any level is just like sales. You put your game face on and you "smooze." Until PBLS learns to do that we will keep experiencing "PR bombs."
Ren
MOSO
Oh, I'm at ease. My penny strategy is a bit different than most. I can afford to take a complete loss in everything. I try to hit a home run 1 out of 10 times. And I only swing trade when life/business is slow and I have the time (which is not right now!).
Good luck.
Interesting. At least you guys aren't showing 7 to 1 buys to sells while the MM's walk it down.
Nope. I'm digging in other areas concerning shareholders of Nevada corps. And of course the St. Tammany site.
Sorry, checked my brain when I started gambling with pennies that have gaggad T/A's and unaudited financials.
Again, every one's entitled to opinions. However, I also am of the opinion that the company is not selling here (which is your point I believe with the A/S=O/S) just not certain I believe that A/S=O/S with a Nevada corp and a gagged T/A.
He was kidding. No big deal.