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Okay folks, what's up with volume. I guess it's the bid/ask spread? Don't have time to read the board as I have my hands full elsewhere...it's been kind of a harsh week on other penny fronts...
Thanks in advance for letting me be a bit lazy on this one for obvious reasons...
Sadly Frankiy, I don't know if we truly know for certain what the status of the true O/S is today. You know with gagged T/A and all...
But if you want to believe A/S=O/S so be it. I for one don't know what or who to believe right now.
If this ends up being the course of action (and I don't really know if it would do us much good except making us feel better about being pro-active or something), shouldn't we do this after the August pink sheets deadline?
I know we are all a little tired of waiting, but I would suggest that course of action, and again, my strategy on this stock has been different than most so I can afford to wait and or be wrong...so keep that in mind.
Well ethan...thanks for the fake out sucker punch there! ;)
I will be interested in probably 2+ weeks.
Also, would need representatives from the FL group (not the P&D group), the AZ group, the AL group and the IN group, as well as IR, though they might need to worry about getting black listed or fired.
Also, if TA stays gagged after August.
Also, if IR is cut out of info and the company doesn't answer shareholder's questions.
Also, also, also...
Ummmm...hello, earth to brisket? Are you out there? Or better yet, is there anybody in there?
Seems like comfortably numb is effecting you my friend. Just don't shave off your eye brows...That's kind of freaky if you ask me.
Again, sad but true. I believe that NSS exists. But I also agree with Mark Cuban. Transparency, timeliness of news, etc kills the opportunity for NSS.
Buck...
I Pm'd you about this yesterday but you are forcing me to take this public with you. Posting rumor is not a TOU violation and therefore can not be deleted (as much as I would like to). But you can check my post to NightKilla yesterday to see how kindly I think of the "PR's are coming rumors."
However, beating an issue to death (ie the Mod's are evil) amounts to Spam, which is forwarded to Matt and he shuts you down, not me. I have yet only deleted one post, and that was a direct attack on another poster. And that's a TOU violation. Negative comments or positive comments are allowed. Beating an issue to death whether negative or positive disrupts the board. Feel free to read what amounts to TOU to educate yourself.
Ren
True...but anyone want to elaborate on the relationship between Phoenix and PBLS, LLC? Can an LLC under a parent use the preferred shares of the parent?
If so, I need to find a parent.
Song for the Day/Week...
U2's "Mothers of the Disappeared" in honor of my paper profits...
Midnight, our sons and daughters
Were cut down and taken from us
Hear their heartbeat
We hear their heartbeat
In the wind we hear their laughter
In the rain we see their tears
Hear their heartbeat
We hear their heartbeat
Night hangs like a prisoner
Stretched over black and blue
Hear their heartbeat
We hear their heartbeat
In the trees our sons stand naked
Through the walls our daughters cry
See their tears in the rainfall
PS - Never listen to this song if you are depressed over PBLS
PPS - I'm still here because I think I hear the heartbeat of a profitable company if we can just remove some of this D$%#, #^@@^$^@ @&$%%@ @%#$$@ ^#%#%$@ darkness! ;)
Have a great day all...I'm off to play with the baby girl...and keep my wife from asking "hey, how's PBLS doing?"
The first step is admitting you have a problem as "confession is the road the healing." ;)
Sad but true.
Because the voices in my head tell me to?
(Because the last time I did, I turned a 500% profit in a little over 7 months.)
((Because the voices in my head tell me to?))
(((Because the last time I did, I didn't tell my wife and it worked out and now I'm super man until she looks at the Scottrade Account)))
((((Because the voices in my head tell me to?))))
True, but like it or not, Equity financing is always dilutive to the overall value of the company to any shareholder, and there in lies the rub. PBLS has been very negative on having "long term debt," but debt is another way to finance and allows you to have the money without the fears of potential loss of control of the business. The problem with debt is that you have to guarantee the loan with something, giving the lender something to sink it's teeth into in the case of insolvency. That's not an issue with equity as corporate structures (especially ones in Nevada) allow you to pretty much walk away with out much personal liability in the same event. Not saying that will be the case here, but frankly, with the little information we have, the preferred O/S is scary as hell and there better be a very good reason for it.
Agree to come extent...HOWEVER...
I saw a blip on CNBC over lunch about how "Wall Street Bulls" predict low to some extent and then come off as over achievers once earnings are out. I think PBLS needs to try that. This $1 Billion stuff and $1 per share stuff sets expectations up in such a way only to lead to future disappointment.
IMO
Agreed that they don't know any more than we do. And there in lies most if not all of the problem IMO. IR is supposed to be able to work with management to package news and determine the timing of it to hit the market in such a way to entice buying, especially of the institutional kind. That doesn't happen with PBLS. Never has and hope someday it will. I could imagine that IR has to walk the tight line of pushing for transparency and not getting cut out altogether by management.
I typically get Ron 50% of the time when I call. But if you do get him, keep in mind that he's long winded and prone to getting fired up. Tread accordingly.
And actually, I wish that PBLS would never take a call from a shareholder. I think it should be all directed to IR so they can do their job and that would keep any potential upcoming news and events from slipping. It also keeps all these "rumors" in check.
985.792.4771
Ask for Ron Blackburn. Sound angry. See how it goes.
Good for you Momentum. Please relay what you can to us.
Ren
Agreed. We don't know anything now really. We didn't know anything two weeks ago. Smoke and mirrors, smoke and mirrors. The gamble is whether they are hiding good or bad news. If it's good, this board will go from boo-hoo to pump again. If it's bad, well, sub-penny we will go and stay. And a PR can fix this. It just has to be the type of PR that they have never done before...you know, one the contains real specifics, explanations and complete transparency. And as for the TA being gagged, that still makes me want to gag. Personally, I am still gambling on good news coming. Those that don't feel that way should be inclined to sell and I don't blame them.
You've had to play this stock on gut the whole time I've been in it. It moved up when it shouldn't be moving (Dec 2006). It moves down when it should be moving up (like any time they PR). TA only gets you so far (weekly charts, daily charts, cups and handles, blah blah). FA is a joke if you don't have audited numbers (which include profits and liabilities) and a transparent share count.
Ren
We will never know unless they tell us. Otherwise we continue to do what we've been doing for years...speculating, beating up each other verbally on our opinions etc. That's the rub.
I can do DTI's on a primary residence purchase to 65% and sometimes higher depending on whether or not its a MyCommunity program. So, with that said, lets assume that PA has total housing expense at $10K and total reoccuring monthly bills in the $10,000 range, giving him a total monthly debt of $20K. Based on a 65% allowable DTI, he could make as little as $31,500 a month and get approved.
OT-Lake
Is PBLS finally making you senile? I know that it has certainly given me my fair share of gray hairs over the last 12 months. ;)
No offense, but I think we are all of the "we'll believe it when we see it" mindset now so if you don't want to reveal sources, you are probably just wasting your breath posting.
Ren
Also...
Two old posts on the subject in some nice debates I had with MrP aka wordofmouth...
http://www.investorshub.com/boards/read_msg.asp?message_id=16027079
http://www.investorshub.com/boards/read_msg.asp?message_id=16021238
Imirish.
I also am a licensed Mortgage Broker. No way to extrapolate income on a deal that is in essence Seller Financing. Even if he was securing a mortgage from a lender, there are a miraid of products available that allow for "Stated Income" situations. So basically, income and debt-to-income can be what ever you can justify to a lender in some instances. You pay a higher percentage on the money you borrow, but the lender doesn't ask for documentation of your claims.
Ren
Jam-
Keep in mind that the "convertible preferreds" were for PBLS, LLC. Still don't understand the relationship between PBLS, LLC and Phoenix except that inmy business we create LLC's for each development project in my business to of course limit liability to our parent corporation. Of course, my LLC's aren't formed in Nevada and can't sell stock, whether preferred of common (yet). This is the court docs on St Tammany Clerk of Court.
1591414 – Tchefuncte Harbour – Mortgage – 11/22/2006 – Madison Realty Capital did the financing for the deal., PBLS borrowed $6,500,000 to buy out the rest of Harbour Townhomes.
1591412 – They bought the entire complex for $11,000,000, with $3.4 million paid up front. First Option: Gives Harbour Townhomes LLC the option to purchase up to 400,000 preferred shares for $10 per share for a total of $4,000,000. HT has the right to sell any and all of these shares back to PBLS for $10 a share after 5 years. OR Second Option: Can convert up to 15% of the 400,000 shares per year to common stock after 1 year from November 22, 2006 for the price of common shares of PBLS and in no extent can the option be exercised if the price is less than $.03.
1591421 – PBLS assigns the leases and rents for Harbour Townhomes to Madison Realty Capital as security for the $6,500,000 loan.
Ren
OT-PBLS Roars
You're welcome.
Best to get it from the horse's mouth, which thankfully is not me in this case for a change. Just ask Gnulnx. Send him a PM and hear his side of things. That was my major point in my post. eom.
Good for you momentum. That's the way to handle it.
No Buck, a moderator was removed for being consistently negative on a stock he is supposed to be neutral on. And he was removed by Matt at iHub, so please take up your conspiracy theories with him. And, Gnulnx is actually quite relieved to not have to put up with the B.S. of being a mod. Just PM him and ask. eom.
Hey Asus,
What do snakes and rocks have in common? I'll give you 2 guesses "friend."
Ren
Waste of time IMO. Too many people lying here. Remember, you swim with sharks on these boards.
Could be. Could also be MM's manipulating the share price and working the GTC sell's of some of the Momo players. Go back and look at the tape from last Wednesday to see what I mean. Tons of suspicious 5000 share sells, one after another after another.
Not saying you're not correct. And not saying you shouldn't complain. Just use wisdom in doing so if you still own shares here.
FWIW What do you plan of complaining about? Also, what do you hope to accomplish by this given that this company is more than happy to hash out lawsuits for years?
I'm not saying you should or shouldn't, but just wondering.
Ren
PS I did my best to keep spelling errors and gramatical mistakes at a minimum for you.
Especially because they never wanted to go public.
You got that right buddy.
"True, we don't know the real truth."
And that's the only thing we can RIGHTFULLY be upset with at this point. It makes you assume the worst, like 1.75B O/S and no restricted, like $5.2M a year in reimbursement. And we all know about assumptions.
Agreed.
I guess I am a bit disensitized to that. Folks in ministry get over loss of trust fast. And the personal attacks, the lying, the manipulation, getting taken advantage of, etc etc.
The trick is to have thick skin and a soft heart. When I corner the market on that one I will let you know my trading strategy.
Agreed. And the appearance that someone who can trade has access to the info before it hits the market.