More thoughts for mthead.........

It could be the construction company wants more than a working relationship with PBLS. They may see other opportunities to make money here as well.
As for buying rather than leasing...... PBLS most likely is looking for other properties to mine. The reconstruction is going to last a long time and over time buying is much more profitable.
I bought a new Ford Bronco 1n 1993 and with 250 thousand miles is still going strong. A friend leases his cars and is always burdened with payments. The savings per year are huge when put to a long term test.
I couldn't be happier with PBLS decision to purchase.

PA should give a date and stick to it. What so hard about that?

From what I understand the Best Jet deal happened very quickly. This was occurring during the time PBLS said they were working on the 10k. If you are going to be fully reporting you have to include the Best Jet deal and when lawyers and accountants are involved........... It just ain't going to happen.

I would love to see the 10k today but believe that things are happening now that make a year end date more believable. If we don't see a 10k by March I will be alongside you, pitchfork and torch in hand, looking for the scallywags.

I think patience here will be rewarded but do see the benefits of constant pressure to applied to PBLS management to finish the 10k. All the good news in the world will not sustain a pps increase without verification.

Mthead......
Since you are familiar with the gravel business what do you think of the announcement of the 4.1 million dollar purchase of mining equipment?
I find it hard to believe that such an expense would be used as a to impress shareholders and not produce revenue.

You also ask, why PA doesn't tell us that he is not complying with SEC requirements if he is so honest and sincere.

If PA announced that he was not complying with SEC requirements of a fully reporting company because they are able to accomplish more to grow the company without reporting........ You would be the first to lead the charge that they were using the opportunity to swindle shareholders.
It would be best for PBLS top set the reporting subject aside and wait until year end for a full year report.
There may be other more important opportunities to fulfill in the meantime. I know this is all hypothetical, but I believe more possible than the negativity you are posting.

Lots of conversation on a quiet day.

PBLS has been operating with the same goals for over ten years. Hurricane Katrina appears to have jump started and given PBLS the opportunity to complete stated goals at a rapid pace. If PBLS is getting the cash infusions we believe, a smart management is using all windfall profits to benefit growth. The fact that they do not have to fulfill requirements of a fully reporting company may be just as much of a windfall to the company as the hurricane.
Without the binding legal requirements they can move much quicker and accomplish more in less time.
Those taking the risk of buying shares, based on obvious needs during reconstruction, may come out smelling like a rose.
The bottom line is the desire and sincerity of PA and company to make PBLS a long term profitable business. I have seen nothing in the last year to make me believe otherwise. Their efforts to stabilize the pps with the buybacks, even though a failure, shows an effort to protect shareholders.
I am not pumping, I know the risks of pinksheet stocks, but the Murphy sand and gravel pit should provide sustenance for many years to come.

I appreciate mtheads observations but living in an area where there are quite a few rock and gravel mining operations, I can see why they look unimpressive. No big buildings but lots of dirt, rock and dust equal money when loaded into trucks.

Just a question?

Did PBLS buy 4.3 million in new equipment for the Murphy pit as a smokescreen to defraud investors?
I remember someone posting that they drove by and saw the new equipment on location. Do you think they were life size cardboard cutouts strategically placed to satisfy intruding shareholders?

I question your involvement and objectivity concerning PBLS.

We need " A time line with dates that aren't missed".

I believe that everyone in the Katrina reconstruction area feels the same way. This week the news has been nothing but complaints about missed time lines concerning the reconstruction. Why should PBLS be an exception. The last year has been chaotic in the south as everyone has needs and is looking for instant relief. The area was totally unprepared for a hurricane of this magnitude and it is going to take enormous amounts of time and money to put Humpty Dumpty back together again.

I believe those putting money into PBLS, as uncertainty and unknown factors arise, will be rewarded. Time is the friend of investors willing to look into the future and visualize the opportunities that have been laid at the foot of PBLS and its construction divisions.

This company is not going to go away and is in a sweet spot that will last many years. My time line is at least 4-5 years of significant growth, and am grabbing at the opportunity today.

Finally.......... got a fill @.013.

Shoot.......
Looking at the wrong account...... No fill at .013 yet.
Just going to wait it out.

Thought I had a fill yesterday at .0135 but was mistaken. re-entered today at .013 and filled within minutes.
I like buying on the cheap, but as with all holders, I would like to see something solid to move the pps to a more comfortable level.
With all the news about the Katrina reconstruction I cannot help but feel confident that revenues and profits from the Murphy pit will provide a foundation for Pebbles for many years to come. Even if some acquisitions do not prove to be profitable we should not be financially unable to pay the bills and stay afloat.
I think it is time for PA and company to sit down and untangle the finances to provide the 10k. I expect that it will not be completed until after the end of the year to give a more positive result. In the meantime I feel good nibbling away and adding shares lowering my average pps.

Don't know who is selling but I got a fill at .0135.
I just keep pouring more into the hole.

The Google bar with spell check is a nice tool and used often.

I also expected more of a change positive or negative, but am satisfied after holding most of Fridays gains.

There was a segment on 60 minutes last night about a billion dollar scam artist turned good. When he putting deals together he started with the best of intentions but but as the complexity of the business grew and parts of the business failed he took from the strong and gave to the weak. Soon he was juggling too many balls and wound up in prison for fraud. He was dealing with unaudited financials and hired a crooked CPA firm to cook the books.

His advise to business owners is to not try to handle more than you can carry and provide accurate financials and transparency.

I believe PA and company need to slow down and allow the workings of the business to provide stability. We have revenue and need to show profits in order to continue orderly growth.

Pretty quiet after close......

Everyone thinking "Now what???????????".

Not really much direction here with what could have been a head fake.

Lots of news segments on the 1 year anniversary of Katrina.
The reconstruction is just beginning and Murphy Sand and Gravel is one of the first beneficiaries.
The tanking of PBLS stock, for whatever reason, has been a second chance for those who missed the boat a year ago.
I can't think of a better place to be invested right now.

I expect a bumpy ride, but profitable with patience.

Whew...... A breath of fresh air.

Averaging down can be depressing when descending in the dark.

Going to be a good weekend and maybe a little light will show blue Sky next week.

I had an order for .0125 for several hours mid day and couldn't get it filled so changed to .013 and filled.
Could have done better with more patience.

Your opinion about the fall of the pps being caused buy the 1.75 A/S not being rescinded is the most reasonable explanation yet.

If you are right and the A/S really is 1.75 billion we will have to work out of the hole we are in.

At best we are now holding shares at real valuation and will pop back up upon notification of retirement of shares.

At worst he will not retire the shares as he has done everything else possible to talk up the pps, and is still silent on the status of the existing shares. This would give the company a great deal of share equity to wheel and deal with at the expense of the shareholders. Kind of like borrowing money without asking. In some places that is called robbery, but here may just be business as usual.

I believe he is stalling the 10k as it will confirm the unaudited financials and give time for financials to improve even more.

With any of the above results we should see pps again rise soon either slowly or rapidly but I hope we have not been hoodwinked for our own good.

I went through my accounts and found some old "Great buys" that are behaving as badly as PBLS.
I think the chances of recovery are much better with PBLS so dumped the former "Great buys" and bought more PBLS.
It is a good thing I like my working as I could be here a long time........

My best buys have been stocks that were beaten and battered.
No one wanted them and bashers were laughing with glee.
Most were carrying excess baggage of debt and their general sector was in chaos.

Here we have little PBLS with a working money pit and the only negative is a lack of 10k. The company is growing and in the middle of the largest reconstruction sites in history. Every sign points positive but naysayers want the golden security blanket of the missing 10k.

Shares are being made available through possible mm chicanery or long time shareholders wanting to take profits. Potential buyers are cautious looking for a bottom and from every angle, Ouija boards to charting.
The Best Jets deal shows that there is something solid behind PBLS although not transparent to shareholders.

From everything I have found, PBLS is the real deal and I am happy to take advantage of bargain basement prices.

I will most likely buy more tomorrow............

Well said Gnu........
Time to buy rather than bail.......

We now have wings but it may take a hurricane to get us off the ground.

I was concerned that the Best Jet deal was in trouble due to the loss of share price as shares are included in the deal.
This is good news for all as a foundation is being laid and on time as promised.
This does make the excuse about the delay of the 10k more believable. I do not think the Best Jets people would go through with this exchange without assurances that PBLS is financially stable.

It looks like around $230,000 worth of shares were traded today.
With such large volume day after day it seems reasonable that a big chunk is from long time shareholders that may have bought at pre Katrina prices.
Whoever it is must really be discouraged with the future of PBLS or just dumping to get cash now. I find it hard to believe that it is simply market manipulation by shorts.
I have been throwing money at the wall hoping it will stick but it is getting pretty messy right now. Discouraging...... yes, but I have been down this road before with mixed results.
If PBLS is telling the truth we will certainly rebound. If not.......... tomorrow is another day.

I decided I should put my money where my mouth is and just bought @ .0135.
Hope I am not licking a toilet bowl.

Ok pnew.... lets think about this.
PBLS is acquiring companies like Best Jets with cash and shares of PBLS.
You say they are using shareholders money to make the acquisitions.
When you bought PBLS didn't you read in black in white that they were going to use the profits of PBLS to buy, buy and buy more?
You gave them money to invest and they are doing exactly what they said they were going to do.
Now you are complaining that they are doing what they said they were going to do?
Did they ever say they were going to sock away all profits and return them to investors as dividends or held profits?
I have a hard time understanding your persistent misinterpretation of the PBLS stated goals!

None of us likes to see the loss of pps but under the current situation without an audited 10k, and an evaluation of assets we cannot expect any more.

Remember...... this is a penny stock, but I think the stability of the money pit will see us through to better times.

Windfall profits are from the increased sales at the pit post Katrina. No Katerina..... no reconstruction.
If I remember correctly PA scaled down the mineral reserve numbers when releasing the unaudited financials to be on the "safe" side.
I have always been under the impression that the Pit is leased by PBLS.
I would guess that the price of materials from the Pit have escalated post Katrina due to supply and demand.

Without the Pit I don't think PBLS would be worth squat, but the Best jet deal may be a winner

Gotta give PA credit... He can wheel and deal.
I have always been concerned with what appears to be a lack of focus and direction of PBLS. Again..... The windfall profits from Katerina have allowed PBLS to grow and I think that PA and company should to slow down enough to get a handle on existing companies and come out with a 10k. I do not like the "kid in a candy store" appearance with new found money. I do believe that the Murphy sand and gravel operation will provide revenue for years to come but for share price to stabilize and grow the company must allow the slow moving auditors to catch up.
As any athlete knows, in a long race, you must pace yourself if you want to finish strong. We stockholders are investing for a strong finish and need to keep harping for a "smart" race.

Dated June 17, 1999...............

Anything more current?

Best Jets has announced expansion plans and cash is needed. Since Best jets is listed as a slow pay by creditors I would assume that there is revenue but not enough to expand hence the cash infusion by PBLS. Hopefully the expansion will give them the momentum to become more profitable.

I have friends working for a cargo carrier that own a fleet of jets, small to 747s, and the cost of engine overhaul is astronomical. Those that own and operate jets simply have to do the scheduled maintenance or not fly.
I agree that the engine shop is a gem..........

Broken levees, broken promises........

There is a 4 hour special on starting tonight, 8/21/06, on HBO directed by Spike Lee. This should be of interest to all PBLS shareholders as it concerns the rebuilding of New Orleans.

It seems that PA and company have been dabbling and attempting to establish a diversified holding company for many years.
Last year Katrina hits and all of a sudden there is huge demand for sand and gravel for the reconstruction effort. PBLS experiences a windfall situation with established but marginally profitable holdings in minerals, trucking and construction. Oil hits new highs and revenue producing but previously unprofitable companies are plucked up by PBLS.
This all happens in rapid succession and sub penny stock PBLS is on a roll. Cash is pouring in as a big contract with the Army Corps of Engineers verifies the Murphy pit as an acceptable provider of materials.
PA and company pounce on deals such as Best Jets that are offered and may not be on the market long.
Time consuming financials are lagging and cannot be kept current with the rapid expansion.
The stock price flails in the wind as buyers and holders cannot get a handle on the situation without current verified financial information.

The bottom line "in my opinion", is that PBLS is making money and hopefully is spending in a responsible fashion, considering the speed at which decisions must be made.

I do not know if shorts are playing with the pps but am happily buying more as the pps falls to new lows.
Little tidbits from posters like Coydog are reassuring as he has apparently put boots on the ground and seen for himself that PBLS is a real entity.

My biggest concern is that there may be a zillion outstanding shares from previous dealings and we need verification as to the shares outstanding. PA has given a number of around one billion shares. I am simply taking his word on that as I have no reason to believe that he is not telling the truth. Many posters here have a huge respect for PA and without reason to believe otherwise we are taking the swing for the big one.

No pain....... no gain.........

Love the cartoons Castle!!!!!!!!!!!!!

Keep it up!

My feelings also........

I think PA is caught up in the same kind of bottom feeding frenzy as many shareholders. We see the potential of the cash cow at the Murphy pit and cannot keep from buying as new lows appear. PA sees opportunity to buy buy and buy more with windfall profits of Katerina. It seems that this has always been his objective but Katerina provided the opportunity to move much faster than he was prepared.
It appears that the PBLS management is a bit overwhelmed presently and is attempting to take advantage of the many opportunities offered.
In the meantime there is not time to take deliberate steps as opportunities can disappear as fast as they appear.
It is a nice quandary to have but feathers of investors can get ruffled as information cannot be released until finalized.
I personally find the opportunity exciting but also shudder every time the pps hits new lows.
The excitement can also be unnerving as we see dollars disapear.
Just try to remember the old saying..... No pain.... No gain.

PBLS was able to get financing of 4+ million dollars for equipment purchases at the Murphy pit. I would assume that the lender has confidence in the financials submitted even if unaudited. Those crying that the pit is not making money or profits would probably claim that audited financials are skewed.
New Orleans is beginning a massive reconstruction and all financials in the area are mostly guesstimates. PBLS is BUYING equipment for long term use. If they were merely putting on a show they would lease short term rather than take on the burden of buying and maintaining. I am happy to see the wise decision to purchase rather than lease as it is much more cost efficient to shareholders long term, and shows that PBLS is not fly-by-night.

A lot of scrambling is being done in the early stages of reconstruction but Murphy Sand and Gravel with authorization contracts with the Army Corps of Engineers is going to make money.

Chicken Littles........ Fly away.... Dirt is flying.

Gnu..... and I agree with you......

Although I believe PA should make the 10k the highest priority..... I doubt he will do so as there seem to be so many irons in the fire.

It can't be easy running full speed ahead while keeping slow moving financials in tow.

come on pnew..... Gremlins always have a comment......

Sand and Pebbles = Cash

Today's news concerning activities at the Murphy sand and gravel pit was most welcome. The sand and gravel business is the heart of Pebbles and as long as it is beating strongly the other issues will have time to be resolved.

Those that think management is not concerned with the low pps are sadly mistaken. Management has made an effort to grow the pps buying back shares on the open market and offering a guaranteed buy back to shareholders. They are now asking for shareholder assistance to take shares out of the hands of what may be naked shorts. This and new pr is about all they can do until releasing a 10k.
PBLS uses shares in acquisitions and nothing will hurt transactions more than a failing pps. New acquisitions are relying on management to provide stability, and with the pps flogging in the wind, there is no stability.

PA wants to buy buy and buy more right now while there are good deals in the New Orleans market. With transactions moving so fast, an accurate and up to date 10k is very difficult. I think he is going to have to do what every good captain does in a storm. Slow down and put the ship in order to withstand the forces around it.

Every acquisition is investing in PBLS. When I go to the bank looking to borrow, the first thing required are past and present financials. The only thing that will stabilize this little boat are audited financials. I am quite comfortable with my investment in Pebbles and have taken what I consider an advantage to buy more shares during stormy weather.

This website certainly has its humor with Chicken Little Meathead screaming from the yardarm "The sky is falling..... The sky is falling and other assorted gremlins scrambling around the deck, tripping over themselves, while looking for a quick exit.

I have the shares I want at a price I can live with and now am going to play the waiting game.

PA has lofty goals, but must walk a fine line and regain control of the pps by providing transparency to shareholders and partners.

That should be his next and most important goal..........

There are a couple ways to look at PAs letter to shareholders.

PBLS uses shares to pay for acquisitions and a healthy share price gives confidence to those receiving them as well as measurable equity.

PBLS has every reason to want a healthy share price although some naysayers here prefer to look for conspiracies and nefarious angles under every rug.

I may be naive but I am taking a simpler approach and looking for revenue and profits to carry PBLS forward. If I were convinced PA and company were scoundrels I would have no shares and be gone in a cloud of dust.
Hurricane Katrina reconstruction and the Murphy sand and gravel give PBLS a solid financial foundation to build from. That is what separates PBLS from other pinkies.

Those selling at .015 have my condolences and thanks. If PBLS is being held down by naked shorting, I again give my thanks, as I have been buying and now have a full tank. Naked shorting does exist. Although I do not know if it is the real reason for the tanking of PBLS, believe that it may be the case. A 10k would be appreciated as soon as possible and if PA is right, it will be to both his and shareholders advantage.

I believe patience will pay off in the long run and impatience will just plain make you squirrely.

Just saw on CNBC a segment about some developers in Las Vegas that are taking on a high risk project buying desert and planning a housing job in a depressed housing market. A road is being built to connect the area to the city and the gist of the segment was whether these developers were fools or geniuses. Sometimes you just have to go with your gut as the charts are only perfect with 20/20 in hindsight.

Officially a millionaire.......

Just finished buying up pnews shares @ .0145 and will call it quits with a million shares total.

Threw money at the wall and now it is time to sit back and see if it will stick.........

Being in the dental business I like the pig with people teeth. Got to make a copy of that..........