PBLS buyback??????

If PBLS is buying back as they announced it will be very good for shareholders when solid financials are released.
Shares bought and held as equity simply gives management the ability to use the equity for more acquisitions or to hold or retire raising the value of the company.
Disclosing financials now, if they were ready, would raise the cost of the buyback. I am willing to hold and buy here on the speculation that the truth is being told.
What everything boils down to....... is , do we trust management to tell us the truth.
One day we will know who were the "smart" investors.

Hindsight is 20/20.

The unaudited financials at least opened the door enough for us to take a peek. If they are true, and I have no reason to believe they are not, then buying at these levels will be profitable.
I have been down this road with other companies and have won and lost.
The unaudited financials may be to our favor as the price per share swings wildly.
Sometimes you just have to step up to the plate and take a swing.

Boy....... Talk about irresponsibility......

Some would call buying a penny stock with no audited financials irresponsible.

What would we be saying if PA bought a company with no audited financials.

We should all be praying that he is more responsible than we are!!!!!!!!!!!!!!!

Although nervious...... I am still showing my irresponsibility and buying.

Huuuuuu Ya!!!!!!!!

"Sp doesnt go up when you buy something"

I believe PA once said that he wanted to emulate the philosophy of General Electric. Many holdings with diversity establishing stability.
Share price should go up with increased equity from acquisitions. PBLS is not going to be holding large chunks of cash to satisfy shareholders. Cash is used for acquisitions as has been stated repeatedly by PBLS.
Too many impatient worrywarts are spouting off without understanding.

Excellent comic strip.

We are always looking for other perspectives and the comic might be right on.

Geeezzzzz...... I hate buying at the low not knowing what tomorrow may bring.

I might be better off getting my head examined......... but I also got a buy at .019.
The pebble in my shoe is starting to feel like a boulder.

Just a thought......

PBLS is very steady in the .02 range with large volume compared to the past. I can understand buying at the .02 level...... but who would be selling such small steady pieces of .02 at this time?
The only thing I can visualize is pre Katrina investors that bought very low and now taking profits without upsetting the apple cart.
Could these sellers know something that would discourage them from holding?
Maybe be thinking of buying back lower prices after flooding the market?
In any case it does not reflect badly on PBLS if the unaudited financials are correct and current holdings and future buys are profitable.

I think trhat if you look closely you will see PA looking out the window of the jet on the far right.

Good enough for me!

No spin off your name....... Whirligig is the name of my boat of 17 years......

Gotta admit..... this is an interesting stock to buy and hold.

Thanks for the update on your trip Coydog.

It is pretty easy to sit back behind a little pc and endlessly moaning, groaning and complaining about PBLS management. I wish 90% of the other stocks I hold were as busy and active as PBLS.
I am confident that there is an honest and diligent effort being made to grow this company from the windfall profits of the Murphy operations. All the nitpicking. worrying and wringing of hands is irritating.
None of us here, regardless instant stock analysis by a website, a broker friend from Wall Street, or endless charting has a clue what is going on without a 10k.
We are here because we see an opportunity and with patience will win or lose with our gamble.
I have thrown my hat into the ring and will accept the consequences of my decision without complaint.
This board is a good source of information but the whining is a pain.

Just can't help myself....... bought more today.

MSNBC update
MSNBC just interviewed the head of the Army Corps of Engineers and showed the Levee reconstruction efforts in NO. They were standing in front of big white bags of PBLS, as described by PA last year, temporary fill and said that It will be at least fall of 2007 before temporary measures are completed. Then the real work begins.
This is going to be a long expensive project.
Wonder who is buying all these shares of PBLS at .02?

Lots of shares traded today. It is going to be interesting to see where the pps goes when the trading falls off.
I have to keep slapping my buy finger as I already am way over allocated in this position.

Poor Pebbles is down but not out.

PBLS is the only red in my portfolio and many are up quite a bit after a couple months of slipping and sliding.

I think many traders bought Pebbles thinking that there might be quick money here as the rest of the market was in the summer doldrums. With so many stocks in a slump today, there is money to be made with buys on the cheap. Traders are cutting their losses in Pebbles and moving on to more solid and more transparent companies that are sure to rebound.

Just my thoughts as to the tanking Pebbles is experiencing.

I think it is safe to assume that Best Jets has financial problems. Their last pr was an announcement of $250,000 in economic development funds allocated for expansion and Best Jets would provide 1.7 million. Who do you think is supplying the 1.7 million? If not, WHY would they sell out to a holding company. They most likely have revenue but lack profits. An alliance with Pebbles provides money for expansion.
I expect the work of turning the company profitable is just beginning.
Not a bad deal if this is the scenario.

PA interview.......

I finally got a chance to listen to the PA interview and am impressed.
The pps is tanking for who knows what reason..... But I am glad to be in and buying at these levels.

I was expecting a charismatic silver tongued devil but found a hard working nuts and bolts guy.

In the interview PA mentioned that PBLS come out of a chapter 10 brought on by some market shenanigans. I cannot blame him for being cautious in the face of "I want it all NOW red faced shareholders".

Some here seem to think that PA does not give a rip about the pps.
That couldn't be further from the truth.
First ..... He initiated the .03 buyback in attempt to set a floor. Didn't work...... but shows initiative.
Second..... Since PBLS is using stock and cash to purchase new companies, it only makes sense that they would want a solid pps to reduce the cash necesary for the transactions.
PA may have said that Pebbles is going into a quiet mode in frustration but I do not believe he is going to leave the pps swinging in the wind.
The pps is just as important to Management as shareholders.
If acquisitions are profitable we will see a jump in pps. Since they were on the block and for sale it is an indication that all was not well and some may not make the turn.
I believe that it may be a couple lean years as acquisitions gobble up profits from the pit but the long term rewards are worth the gamble.

The reason the stock is dropping is that we are in Pennyland where emotion and a quick turn anound rules.
We have no verifed 10k but that does not mean that the "Pit" is not producing revenue and profits.
I am not going to get caught up in panic selling other than as a buyer.
Been here before..........

Couldn't agree more...........

We have been given a bone to chew on and most here are more interested in chit chat and rumor.

I find the negativity and disappointment hard to believe.

The lack of objectivity concerning Pebbles has thrown the board and management into turmoil.
Nothing negative has happened to PBLS other than a slip of the tongue by PA and finger pointing leading to hurt feelings. PA will have to smooth waters with Best Jets after his premature announcement....... but it is not the end of the world.
Folks here need to lighten up a bit. It is difficult to maintain objectivity when the board becomes a social as well as financial lifeline.
This board is informative and needed when there is so little known about Pebbles financials. Asus is doing a fine job of moderating but is obviously emotionally caught up as a link between PA and investors. He needs to make a decision as to whether he is going to be an insider with PA, filtering information, or becoming an objective investor disseminating information as a shareholder advocate.
It is much too stressful being in the middle and being held responsible by both PA and shareholders.

At this point I am still holding and will continue to buy if the pps weakens. The ONLY thing I know for sure is that Katrina reconstruction is just beginning and the "Pit" will continue to provide cash for years to come.

PBLS management will make mistakes but I believe that that is simply part of the process. Life goes on and we learn and grow with patience.

I keep a boat in an area riddled with sand bars and shoal water.
The boat that never goes aground........ never leaves the dock.

PA made a mistake by prematurely announcing what he believes to be good news. The deal was not done and nervous nellies intruded making PA look bad to potential partners and employees.
He is pissed with himself and shareholders. I would bet that he will not make that mistake again.
A lesson has been learned by all.

Lets face it........ Stockholders more or less resemble a nest of cockroaches to management teams. Every word released is scrutinized and pumped, bashed and magnified depending on the point of view.
I, being self employed and would cringe at the thought of my creditors standing over my shoulder criticizing my every move.
We are the "creditors" you know......
Pebbles has done a very good job of placating shareholders but I expect them to be much more defensive in the future.
Stockholders are a whirling dervish of emotion but PA has tried to be a friend and confidant. It is kind of like trying to be a friend to young children with great expectations. If you want to maintain order you have to stay at arms length and in control.

With hurt feelings, the family Pebbles is in a uproar and the chickens are in the air.

The bottom line is:
Pebbles "Money Pit" is producing and management is doing what they announced.
Buy, buy and buy more.

I just took advantage and bought more........................................

Looking for more sand and gravel sites is the best suggestion I have heard yet. This is the established profitable business of PBLS and the heart of the company. They have a leg up on any new competition and growing pit operations would assure financing for the "Grand Plan". Not very glamorous but a good and PROFITABLE business .
I understand that we need revenue before profits can be attained but PROFITS should be the ultimate goal.
Unfortunately revenue and not profits seem to be the key word of PBLS press releases.

I believe today's sell off is simply a reaction of many that bought here in the last week with hope of a quick turn around. They are willing to take a loss rather hold through a weekend or take the time to see if the cert buy back really works.
No matter what happened........ after the news they were going to sell.
It plays with the pps but has no effect to the ongoing operations.
I am still playing the patience game with a fair amount of skepticism.
I d o believe there will be news in the coming months that will offer an opportunity to bail out with a healthy profit or continue the path.

I missed the webcast and have been searching for an archive without success.
I would very much appreciate your posting the recording if possible.

With so little concrete financial information and so much rampant speculation........... The limb we have perched on seems quite shaky.

I keep hearing about PA charisma but am quite aware that many with charisma fall very short when forced to produce facts.

Someone mentioned that PA is acting like a kid in a candy store with a pocket full of new found money. Buying every glitzy toy that presents itself with financial problems requires hard work. These companies may have revenue but if revenue cannot be made to meet expenses we only inherit others problems.

I think we need to put pressure on PBLS to come up with a 10k as soon as possible.

Charisma = BS without transparency.

With all the effort PA and company are making to publicize Pebbles, but not confirm details..... PA will be ready for tomorrows interview as there would be no reason to lay the proverbial head on the chopping block otherwise.
I expect we will be at least thrown a bone to chew.

I have no doubt as to the good ol' boys at pebbles will make money but we as shareholders will have to ride their shirt tails and hope they will be willing to share the wealth.
Since the good ol" boys also own a bushel of stock it is to their benefit to want to see pps appreciate.

lots of work to be done in NO.

http://www.epinet.org/content.cfm/bp166

Rebuilding update

Still to early to come to a verdict concerning Pebbles management but one thing is for certain.
PBLS is in the right place at the right time with the right stuff.
Rebuilding is just begining and the Pearl river location couldn't be better

http://www.usatoday.com/news/nation/2006-07-24-miss-rebuilds_x.htm

If ASUS is right we will be singing and rejoicing..... If he is wrong we will be singing that old Eric Clapton song "I shot the sheriff".

I would rather be playing the market here rather than the "good old blue chips".

Management, credibility and direction can be questioned at any level of stock purchase by the shareholder.

Look at he disappointing results of stalwarts such as INTC, MSFT, CSCO. TXN in the last several years.

ASUS is putting his tail toe to the line and staying the course.

Gotta respect that..............

Ummmmmmmmm.......

Good lunch....... Another 50,000 pebbles on the plate.

Shareholders calling for a halt to acquisitions should reconsider.
Those that bought Pebbles after doing any research should know that the strategy of PA is to diversify as quickly as possible. There are many post Katerina opportunities to pick up wounded but viable companies with the profits of Murphy Sand and Gravel.
The rebuilding of NO is going to be a long and profitable business for those who have a long range plan and stick to it.
Now is the time to acquire and build a foundation for later profits.
So far management has done a very good job of keeping shareholders informed. I believe all here have held shares in companies that considered shareholders a nuisance and irrelevant. Not the case here.

Looking at my portfolio I see red everywhere and little Pebbles appears to be the best opportunity for growth.
Almost time for lunch and I think I will nibble a few more Pebbles.

FHAL pps rose from .14 to 1.6 because of a merger...... not an interview.

Pebbles will gain exposure and more pressure to file a 10k because of the interview.
If the trucks at Murphy Sand and Gravel are rolling out at the numbers rumored......... the exposure will be good.

I do believe that Murphy is going to be the foundation we all want it to be and the acquisitions in the last year by management seem to verify this.

The next few months should be profitable for those that took the gamble.

Don't know that I would get too excited with the list of companies you posted.
Checked out the 1 year charts of all listed and all are significantly down.

Pebbles cannot seem to get traction and keeps slipping back after pr releases.

A positive 10k would give the needed boost with a solid foundation.

I will probably nibble a bit more tomorrow if pps stays in this range.

Anyone out there sitting at the Murphy gate counting trucks?

Interesting point from Wikipedia.

Total treasury stock cannot exceed 5% of capitalization. Retired stock is not listed as treasury stock
No mention of CANCELED stock.
Can retired stock be Unretired?

Everyone seems to be getting ahead of themselves.
Pebbles did a 100 million buy back last spring and announced that they WOULD buy back up to 100 million shares at .03, IF THE CERTS WERE SENT IN. This was an effort to set a bottom of the pps and reassure stockholders.
I do not recall anyone saying said they were going to buy another another 100 million shares on the open market if certs were not sent in.

Talk today seems to be focused on oil and certs.

Yesterday there was an article in the Oregonian about the gravel, soil and sand mining business. Deposits under farmland are now much more valuable than the value of the current farm land due to transportation costs.
Murphy Sand and Gravel with its strategic location to NO is sure to be a cash cow for Pebbles for many years to come.
I am willing to take the gamble of time for expansion of Pebbles holdings as Murphy seems to be a solid foundation.
Not going to worry too much about certs, share price and mm manipulations as long as growth is handled responsibility.

Penny stocks are a risky business with panic buying and selling as the norm.

Murphy is enabling Pebbles a foothold in the oil business that is risky but very profitable with a sound planning and finance.

Just a question.......

With about a billion shares being traded and Pebbles offering to buy back 100 million @ .03..........

That means that only 1/10th of the float is guaranteed.

Why are so many confident that they will be in the 10% safe zone?

Not trying to be negative as I am still buying....... but just wondering?

I always was befuddled when attempting to understand computers.
It now have clarity.
Thanks!

Just found this web site recently appreciate the candor here.
The Pebbles site has information but maybe too much of a religious fervor concerning PA and company.
A little negativity and caution can be a good thing when investing in any stock.
Nothing wrong when digging for the truth.

I see Pebbles has just announced the new oil lease in Wyoming.
Looking good!

Congratulations.........CHDT.OB has been a home run!

Nice to see that money can be made by sniffing for information!