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"ads alone won't create any sunstantial enough gains for me to even think about investing in spooz...this company has to perform from a revenue perspective."
So does that mean you haven't bought yet? I thought you said a few weeks ago that you already bought.
"feels good...brought up my total shares up some more this morning. can't wait for this thing to take off."
Sorry to be kind of accusing but don't want to think you are here for the wrong reasons shine. Please correct me if I misunderstood.
Ren
OT-lake
Just become a man who makes up his own mind and you'll only have yourself to be pi$$ed at. Sadly, I still find myself pi$$ed more than I'd like.
I share the same memories, same "mistakes"...but connect some dots of the why's and especially the who's that got you turned on to those stocks and you will avoid the same memories this time next year if you decide to stay around.
LOL...I just hate it when I'm with the masses...I'm down to less than 50% of the time, which is 1% less than the last time I had to make a decision of consequence.
Good to hear from you USC. Good to hear you are still around.
Keep in mind that businesses can take advantage of Capital Loss carry-forwards much like individuals. I'm selling Real Estate in MS right now because of the write-offs for the potential investors (50% depreciation in the first year, carried back up to 5 years and forward up to 15). If any of the companies bought by PBLS last year had any carry forwards, I believe that PBLS can use that write-off for their business tax liabilities much like they did in 2005. So in effect, NI pre and post tax could be a very similar amount best case. Someone ask a CPA though...
People who don't truly know what they buy or why they buy and importantly when to buy, will always lose, whether in Real Estate, big board stocks or micro caps. "A fool and his money are quickly parted..."
People are running to the big boards right now when they should be running out "soon" and into Real Estate IMO. But they're running out of Real Estate because someone else told them the market is down, blood in the streets whatever... Last time I checked, that's when smart money buys. Always move in the opposite direction of the sheep is how I continue to survive self-employment and provide for my family. Oh, and I pray a lot.
People avoid the pennies and laugh at your "investments" there, and yet many people have made and make an honest fortune trading the pinks everyday. The trick is determining whether or not you, or your supposed "friends" are the sheep, the wolves, or just an old lowfloatgoat doing his own thing, knowing who, what, when and why he's doing it, and hopefully making a killing at the same time.
Of course you know all this. You just were unlucky/happened to follow the wrong crowd/friends and will migrate back to the big boards where you will probably make more money and be happier. It takes a lot of luck, shrewdness, and discernment to do well in the pinks...well on any investment that does better than 10-12% a year LT for that matter...
But what do I know. I still work for a living...though only 10am to 4pm EST now...keep your chin up. People here are excited to finally see their dream potentially realized. Let them have their day and pray they make good choices.
I certed most but keep some uncerted to trade the swings. My partner didn't cert at all. Totally has to be your decision based on your exit strategy for the stock.
That's the million dollar question and why we all need to be happy our PBLS is on the run but also keep expectations realistic. The most important piece of the puzzle for me is the true O/S, A/S and ie float.
A ton of people did the cert deal. That's why this thing could pop beyond technicals and/or fundamentals as there are in fact very few tradeable shares that actually exist and aren't naked shorts.
Great news.
But hope you're wrong on the 14th...how I'd love it if everything is strong that they would PR on Wednesday 13th at the absolute latest. Monday the 11th would be even better IMO.
But after 1 year of watching and waiting, I'd even settle for the 15th.
Make that #5 on the most active list today.
Also, more board marks daily now...
Ideal Energy Directional Drilling Website.
http://www.iedds.com/
I personally hadn't seen this website before. Takes a bit to load and is a bit antiquated...
Also from http://www.rigzone.com/search/sites/Ideal_Energy_Directional_Drilling_Services7480.asp
25814 Budde RD
The Woodlands, TX 77380
United States
www.iedds.com Contact: Cody Leger
281-465-0400 (Ph.)
281-465-0417 (Fax)
Sam`s Oil Country Inspection Services, Inc., CM Ideal Energy Services, Inc., and Ideal Energy Directional Drilling Services,Inc., were aquired by Phoenix Associates Land Syndicate on May 1, 2006. To benefit these aquisitions, we have assembled a five member management team with over one hundred and twenty years experience. Placing cutting edge technology along side this amount of experience allows IEDDS to be an oil and gas industry leader.
Primary Line of Business: directional/horizontal drilling
Ownership: Public
Number of Employees: 48
Yes, at least go to "free shares" if you must. If they have financials like they say they do, you will want to keep some for long term growth IMO.
http://sec.edgar-online.com/2007/05/15/0001062993-07-001802/Section7.asp
"On November 8, 2006, an action was commenced in the District Court of Erath County, Texas, by Ideal Energy Directional Drilling Services, Inc. against Terax for breach of contract and foreclosure of lien. The Plaintiff alleges that Terax has failed to pay for certain goods, merchandise, or services sold to Terax. The complaint is seeking $52,500 allegedly owed to the Plaintiff, interest, and attorney's fees and an order of foreclosure of Plaintiff's lien. Terax has responded to the Ideal lawsuit in a timely manner but plans to reach a settlement with Ideal Energy Directional Drilling in the near future provided funds are available."
These boys sure aren't afraid to go after people legally...
Ren
Crazy. ;)
1) PBLS up 30%+ on a short trading week with an amazing, high volume Friday and expectation of a great trading week to come.
2) Tropical Storm Barry bringing much needed 2-3" of rain.
3) Tropical Storm Barry bringing much wanted 3-5' surf.
4) Beer in the Fridge (especially my new fav "Leinenkugel Sunset Wheat").
5) "Buffalo Chicken Sandwich Night" with the family
6) Baby sitting in my lap helping me type right now.
Ahhhh...life is good.
Have a great weekend PBLSers. It's been real. It's been fun. It's been real fun today.
Ren
Thanks. And agreed. Fundamentally, we should be somewhere between $.25 to $.50 over the next 12 months based on what we know. With all the NSS shares though, it could run extremely hard if they are forced to cover. And anyone who doesn't think this stock is being naked shorted needs to total the volumes traded over the last 12-18 months, and reference that against the A/S and the claimed number of shares owned by posters just on this board. It is a very eye opening procedure and is what pushed me to actually cert a pinky for the first time ever. Though I must admit I only certed about 75% of my shares (core position) and I swing trade the rest.
Ren
Momentum...not that I don't believe, but could you provide an example, including symbol, date range, supposed NSS position etc. I sure would appreciate it as I'd like to see what the chart looked like before, during, after, volume vs. O/S, RSI, MACD etc. etc. I've been hearing about short squeezes now for a couple of years and would like to see what one looks like.
Ren
Notice to all my other pennies. FOLLOW PBLS or get sold. eom.
And we have .03. Haven't bumped the ask up yet though.
Missed it. Sorry. Dizlexik...;)
Nothing like blowing average volume out of the water in the first hour of trading...breaking and holding .03 today would be huge IMO. I'd still be satisfied if we held .028/.029 for close.
Potential Financials
Market Cap $162,225,000
Revenue $206,000,000
Net Profit Margin 7.50%
Net Income Pre-tax $15,450,000
Taxes (30%) $4,635,000
Net Profit/Earnings $10,815,000
O/S 815,000,000
EPS $0.013
P/E 15
Price Per Share $0.20
My guestimate IF we trade at a P/E after June 15th.
P/E based on a compromise between the standard 17 P/E for Conglomerates, the fact that this is a growth company, but also the fact that were still on the pinks (even highest standard of pinks).
Margins based on compromise between what we did in 2005 and Paul Alonzo's could reach 10% statement.
Taxes based on the fact that some of the companies we bought surely had loss-write-offs just like in 2005 where we paid $0 taxes.
Again, just playing with numbers and strongly based on my hopeful opinion.
Ren
Pnew...still on most active boards today. You might consider posting a link to your DD for newbies to get a quick run down on things and join the show. Just a suggestion.
Ren
http://www.covepartners.com/Publications/CIR%20TRANSPORT%201006.pdf
Page 4 shows what I think we paid for Best Jets...$4.55M. It just doesn't say how they structured the deal.
Ren
Just to confirm this as truth (might have been posted before):
http://www.pbls.biz/pressrelease_content.asp?prid=94
http://www.secinfo.com/d11A75.u3p.htm#1stPage
Ren
Never answered the first time and I still want to know the board's thoughts...
Where do you think they came up with the $.06 price point for the conversion? Just an arbitrary number, something tied to profits, what do you guys/gals think?
There's no FA numbers that I run that would put us at $.06, unless that's the eps and the pps at no multiple. It could also be linked to book value of assets but who knows. If that's the case, come mid-June we're all going to be some VERY happy PBLSers.
IMO they didn't just pick that number for no reason...
Sadly, "warranted" has yet to equate to "actualized" with this stock. I'm betting that changes "soon."
And any trends that do exist are out the window after the ungag and release financials. The new trend will depend on the whatever the truth ends up being, as we all know.
Agreed. To me though, it's not how the SEC will view OTCQX that is a concern. It's how the institutional guys will view it. If they don't see "equivalent Edgar Financials" as truly equivalent, all of this might be for naught. Keep in mind that some of the super-brokers/politicians/market gurus etc that "make the market" for the big boards can do whatever they want. NSS is proof of that if you believe it exists. If they decide OTCQX is a joke, bad for business, whatever, they can and will squelch it. And it's those kind of buyers that PBLS needs to see a real pps wether you value the company by book or at a multiple of eps. I play all stocks as if none of these markets are meant to make the little guy money (that would be me). Those days died decades ago if they ever existed at all. We just catch crumbs from the table.
MOSO
English please. What do you mean by that CC? I'm definitely a charting freshman and more of an FA guy...
Also, thoughts on Rising Wedge vs. Ascending Triangle pattern in the chart...
Okay, subject change from politics...
Charters/PBLSers...
I'm seeing LT support at .015 and ST support at .021, depending on whether you believe we experienced a verifiable trend change in mid-April. I see both LT and ST resistance in the .029 to .031 range. I think we will test support first (in fact any day now), where we will see some supposed selling during the day down into the .017 to .019 range to close near .02 for a long red candlestick. That's where buying comes into play and I see a continual pps increase to near resistance as we approach June 15, camping out around .027/.028 until D-Day.
Opinions?
Ren
MOSO
We've officially hit iHub top 20. Thank you Al Gore for inventing iHub. Ok, sorry mods. I'm done, I swear (figuratively).
MOSO
OT-Mick...Please let it bring rain. We need it bad in the SE, especially "upper FL" and south Georgia. It's literally so dry that in the sticks, farmers haven't been able to plant hardly anything and weeds aren't even growing in their place. I've lived in Florida all of my life and have never seen that. Fires come and go (like 1998), but it's scary dry right now. Al Gore is an a-hole for inventing Global Warming.
Time will tell.
As long as you let me hold the "MOSO" patent for bloggers I will take that as a compliment.
Ren
MOSO
Exactly Jam.
Plus, people keep in mind that Mitchell and Furr is not an operating company in the sense that PBLS is. They are an LLC put together by family members who own the pit. That's it. That's all they do. They're not some south Louisiana power family. Their dad/uncle died and left them a big hole in the ground. They have no other revenue sources to draw upon to pay legal fees etc. Their business is solely in the royalties paid per ton of product mined from the pit. And Furr particularly just happens to be one stubborn good old boy who doesn't want to give up his case. But IMO (and that's all it is opinion) they have to be running out of money now with attornies working for a percentage of potential future returns.
The REAL gripe of their argument is that PBLS could mine the pit that their PR's claim is worth hundreds of millions and then file for bankruptcy and not pay Mitchell and Furr. We all believe that PBLS isn't going to do that, that hopefully PBLS does have multiple revenue streams to pay court costs, and therefore can take this to the highest level if possible. But that's not what they want. Make no mistake, if PBLS could, they would buy the pit. They probably would drop their counter-suit for business interference (and they have a very strong case against Furr) and even agree to raising the royalties a bit, if Furr would drop their case. If Mitchell doesn't drop the case, well they will simply keep mining the pit and then move their equipment over to the new pit in MS. Right now this is just a contest of who is more stubborn, and hopefully/probably PBLS has the deeper pockets to out last them. Because in the end, Furr has no real case. They are grasping at straws, which is why after almost 4 years of lawyering, the case still goes on at the local level. And for what Mitchell's attorney pulled with the eviction notice, well he's fortunate that stunt didn't get him disbarred IMO.
Again, tell all the lawyers reading this that it's just my own stupid opinion (MOSO for short) based on reading all the documents because I often suffer from work avoidance and so hide on these message boards & read weird court docs as DD in the middle of the night etc etc.
Ren
OT-Lake. Thanks for clarifying though some attacking people have difficulty reading English it seems. Please stay and be our friend. IMO You do bring balance to the hype.
Ren
MMmmmm....sheephead. Love to catch them off the jetties using fiddler crabs. Great eating fish...
As for the millionaire part...I appreciate that and am still working on it. But if I was, no offense, but I probably wouldn't be here with you chaps. $2.7M wins the race for me. That's a cool $150K+ per year just in interest and I'm out, done, finished, 6 months a year here at the beach, 3 months some place nicer like Costa surfing, and 3 months in India doing what I love most.
Oh yeah, I'd also probably have about 20M shares...10M certed, 5M in the preferred conversion for voting rights and 5M to swing trade. Wouldn't that be nice...
Ren and partner still basically the same, though my buddy just loaded his account to purchase 2.5M more and is just weighing his options on if or when. After all, he's a bigger fish than I am anyway.
This puts the purchased number of units at 32...http://www.pbls.biz/pressrelease_content.asp?prid=93
However, that complex has 81 units in it based on public record, so I don't think that unit is "one of ours." Either way, your listing confirms comps. Good work.