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Based on PBLS 2006 unaudited numbers, faith in PA's statement that the O/S is 815M and a slightly thinner margin than PA's 10% (based primarily on the fact that much of their revenue books from Pro-gas which has very low margins). Of course since these are unaudited numbers, I don't expect to trade at a multiple yet. Either way, it's nice to know that you are essentially buying right now at the EPS for 2006!!
Market Cap $115,360,000
Revenue $206,000,000
Net Profit Margin 8.00%
Net Income Pre-tax $16,480,000
Taxes (30%) $4,944,000
Net Profit/Earnings $11,536,000
O/S 815,000,000
EPS $0.014
P/E 10
Price Per Share $0.142
Take the time to dig just a little into this company, ie how verifiable it is with real businesses, real products, real people and no pipe dream pinky video patents, CIA technologies, top secret super-oil finds, russian diamond czars, titanium golf clubs that promise you instant scratch golf etc etc, and you might just end up holding this pinky a little longer than you expected to. You could also end up holding this a little longer than you expected to b/c PA's "soon"=later and "very soon"=feels like potentially never but wait whats that in the distance mirage or promised oasis???? ;)
Good Luck,
Ren
IMO DYODD
OT- Asus
I don't need a note book. I have a word doc full of your posts including dozens and dozens of PM's. And no, I'm not neurotic, but I have a job to do here too. One thing my father always told me (and he is a great man), you never have to remember the truth. Spin enough lies though and they will catch up with you.
Enough of this subject for now. Go your way. We kids "in the sand box" will go ours. There are better things to discuss than your opinions or mine for that matter. Just remember that not all of those Membermarks for you are out of flattery. There are some big fish watching you now.
Again, eom.
Have a great day everyone! Gotta actually go work now.
Ren
OT Asus
I am not here to be a trader as you trade. I have peace knowing who I am and how I live and treat others for the most part. I sleep well at night. eom.
OT - Tedwitt
Your memory is correct. And anyone who believes that his group took their so called SLJB "haircut" will probably be the same folks that elect him for office. The only haircutting they did was to folks like me that they sucked into that pretty little con.
Ren
Flip, flop, flip, flop. Ever think of running for a political office?
http://www.investorshub.com/boards/read_msg.asp?message_id=17074892
http://www.investorshub.com/boards/read_msg.asp?message_id=17074742
http://www.investorshub.com/boards/read_msg.asp?Message_id=16352609&txt2find=preferred
http://www.investorshub.com/boards/read_msg.asp?Message_id=13610795&txt2find=preferred
Beware the wolves in sheep's clothing people...
OT - Pnew
What if there is nothing else to talk about on a discussion board than what if's? What if that is the reason they exist, to discuss the what if's of what we know or do not know? What if some of the posters who have been posting on these board the longest finally figured that out? What if that stopped them from coming off like a jerk to so many of the other posters?
What if?
MMMMMmmmm...18 mil in volume in first 2 1/2 hours...up 21%...almost as good tasting as beer....mmmmmm....beeeer. Wait a minute, it's 11am EST. Too early for beer even for a man of the cloth.
To add to the headache of all this...
What if (there's that nasty word again) we are trading near .06 by the time March rolls around. Would all this just be a moot point...questions, queries, posers...posers?
May I suggest this book to folks like me having trouble following todays conjectured calculations...
http://www.amazon.com/Everyday-Math-Dummies-Charles-Seiter/dp/1568842481
My answer would be Yes for the first and No for the second, but I'm no expert.
I have always understood "typical" preferred shares (though there are endless forms of Preferred stock) to be an equity/debt combo from a company's perspective. It's equity, because the owner of the preferred share has voting rights and is an owner in the company as expressed by the payment of dividends to preferred shareholders first. But it's also debt in the sense that it's no different that a CD. You put $10 in, that $10 pays a set interest, and at the end of the term, you get your $10 back to reinvest of to cash out.
Of course the BIG difference here is that PBLS is saying that if you have $2.50 worth of common, we will give you $10 worth of preferred that pays a 6% annual dividend. It has the appearance of an instant 4 bagger and is what sweetens this deal so to speak.
Again, IMO...I'm certainly no expert of securities or I'd be retired already.
OT - JAKE
BEING A TEE-BALL PITCHER AND A LITTLE LEAGUE RIGHT FIELDER I HAVE LOTS OF PENT UP ANIMOSITY ABOUT BASEBALL TO THIS DAY. I REFUSE TO ADMIT THAT I HAVE A DEPTH PERCEPTION PROBLEM THAT MADE ME SUCK SO THEREFOR I JUST REFUSE TO ADMIT THAT BASEBALL IS A SPORT THAT ACTUALLY EXISTS. BUT THE YANKEES? THE YANKEES? YOU ARE SOULLESS, MAN! :)
OT - JAKE
I WOULD ALMOST HAVE BOUGHT YOUR BRIDGE EXCEPT FOR THE FACT THAT THE BRIDGE SALESMAN IS AN OBVIOUS RUTGERS AND NY GIANTS FAN, AND THEREFORE SOMEWHAT SUSPECT IN HIS JUDGEMENT ON JUST ABOUT ANYTHING! :)
PS GO GATORS! BASKETBALL. FOOTBALL. BASKETBALL?
Gap fill. Better fill it now as it will be much more difficult later when West Coasters wake up to the news...
I would speak to my financial advisor on that one and weigh out all the potential costs/gains associated with the move. But at least you are true to your name...pink shares in your IRA...that's as crazy as doubling down! Wait a minute, I doubled down on PBLS a few months ago...maybe I should have an IRA? ;)
Ren
There's that green open. Only a small gap too.
NEW BOARD READERS...
Not suggesting you buy to convert and supposedly lock-in 400% gain. Not too shabby to me, but again, that's your choice. But do be aware that you can be confident that if you do send in certed shares, PBLS will do what they say they will do and WILL SEND YOU back the Preferred shares. Several long time posters on this board participated in the .03 buy back by sending in their certs and YES, THE CHECK CAME IN THE MAIL IN A TIMELY MANNER. I can imagine it might be somewhat uncomfortable to "blindly" send in your signed certs, especially if you have never done it before. But while PBLS might be somewhat non-transparent at times, they do have a history of integrity when it comes to sending in certs. This is not their typical "soon/very soon" type promise.
Ren
IMO DYODD
Looks like a green open is imminent based on bid/ask... :)
If PBLS a) can prove an o/s of 815M and b) can prove audited profits of even HALF of what they claimed in 2006, a P/E of 10 puts the pps above .08.
Lot's of if's in that there statement. But I still believe (call it madness, blindness etc), that PBLS must be able to show these acquired companies (Best Jets, 3-D etc) some substaintial proof to be able to get the acquired company to take part of purchase price in stock of a non-reporting pink sheet company. So, if the meat is out there, than .08 isn't just feasible, .16 based on 2006 numbers is but a matter of time. Wait, that was another "if," wasn't it?
Ren
Just wondering what this last PR is going to do to us at open...without verifiable numbers by the company, converting is as much blind faith as holding common, except that by converting IMO you cap your potential return. So same risk, less potential return. Is this correct thinking? This PR was a complete curveball to me but I do know of some of my older friends who are close to retirement who hold this stock. They might just bite for the "base hit" over the "home run." Me, well, I don't know what I'm going to do but glad I have certs in hand. At least that part of the process is done. But I'll probably continue to hold common.
Ren
I've got some numbers for PA that should make him want to hopefully give us some numbers...921,340 shares traded today...only 7% of average daily volume. YUK!
Oh where oh where has the volume gone, oh where oh where could it be...
Ren
That's Carolyn's house that she received when her husband died, and no, please don't go there with what you are thinking guys...
Ren
Again, the best thing about this penny, is though like all pennies, it's not very transparent, at least we know that real assets exist that they have title to. We can knock on the doors of the office, they answer the phone, countless websites and newspapers and tidbits of information say they are real.
Now how those assets are financed is another story, but at least it's a real "body" to try to do an autopsy on from 15 feet and not just a mirage painted by a scamming CEO and his share selling IR firm. That's why I hold and buy more when I can.
Ren
Nice Shelby, nice.
I've met a few preachers like you over the years. They can speak for an hour, use a lot of words (especially those super special Greek, Latin and Hebrew ones), and essentially proceed to say nothing substaintial at all.
But they DO sound deep and smart and stuff and for some reason they usually get paid more than most. ;)
Ren
Anyone want to buy some Laserdiscs from me? I heard they'd be all the rage so I bought a ton...
Ren
The great thing is to see how PA's attitude has changed since 2000. When dealing with folks it used to be...we're barely struggling here, please throw us a bone. Now it's, hey we're running 22 companies here spread out across the country.
That's a good sign hopefully. Typically, something is better than nothing as long as the something isn't worth nothing because of the financing involved to acquire it.
Ren
OT Roach- Legos! You're crazy, man.
FWIW just read the Simirillion again 'cuz I needed something not so heavy to read between vomitting. Tolkien was one crazy dude too. "Hi, I'm JRR Tolkien. I think I will not just write cool fantasy books. I think I'll write the history of the books, create languages, pronunciation guides, family trees etc. Mostly, because I'm cool like that."
Ren
Question of the day...
What are the boards thoughts on how all these companies fit together? Any ryhme or reason here or just PA buying like a college kid with a new visa card?
Would love to know the boards opinions, conjectures, theories...
(Ok, I admit it, still sick and now just real bored.)
Ren
Thank God they didn't push the date back. I don't want to imagine what the MM's would have done to the pps if they had.
So these divy shares will just show up in my Scottrade account? Anyone know the restrictions on them?
Ren
Thank God they didn't push it out! Don't want to think what MM's would do to the pps if they did.
So these shares will just show up in my Scottrade account?
Ren
Exactly. There is a fine line between business interference and trying to do DD. But when you are used to getting no info from the company, the only way to educate is to get online, send an email and/or to pick up the phone and call someone who knows. The Best Jets acquisition was a complete curveball by the company. None of us could have known they would go from construction, to O&G to Jet fuel distribution and engine and jet overhaul. None of us could have believed that a CEO would tell the public (complete strangers) something that even the acquired company hadn't told its employees yet.
Just an opinion,
Ren
Very true. Hopefully very soon (HA!) things won't be quite so dark...
Ren
FWIW...an email I sent today to George Denegre Jr. about the Mississippi case. Well to be positive, at least he responded...
"Phoenix does not like to provide any information that it does not provide publicly. I am sorry that I cannot be more helpful to you on this, but I am sure that you can understand the reasons for Phoenix's policy. George
-----Original Message-----
From:
Sent: Monday, January 29, 2007 11:28 AM
To: George Denegre Jr.
Subject: Phoenix/Murphy Sand & Gravel Court Case Info
Hello Mr. Denegre,
I am a long time Phoenix Syndicate Land Associates (PBLS) shareholder and try to stay up to date with all of their business activities as much as possible. I realize that you are extremely busy but would like to know how I can find out more information about the court case between PBLS/Murphy Sand & Gravel and the Mississippi bank. I checked the St. Tammany Parish Clerk of Court website as well as searched the LA Supreme Court website but could find nothing about the case. Could you please provide me with the name of the bank, the case number, where I could find the public transcripts etc? I have found that often this information is public knowledge but have had difficulty finding what pertains to this case. Any help is much appreciated as my investment in Phoenix is sizeable to me and my family.
Finally, it remains very reassuring to me to see that Phoenix has hired a law firm as reputable as Liskow and Lewis and more specifically you as their legal counsel. It is good to see that this case against the Mississippi bank is in good hands and will hopefully see a positive outcome.
Thank you for your time,"
Ren
Angel-
"IH pirates are chartering trading courses..."
Absolutely. Just pull their posts on the different boards and see how they post out of both sides of the mouth. It makes me sick to watch certain posters work stocks so often like this. Shocker...they've already changed their opinion AGAIN!
Ren
As I'm not much of a betting man outside of playing cards and pennies of course, am I reading the line right...Colts by 7 and a total of 48 1/2 points scored?
Either way, this is a tough pick. Rex is a winner, though he often plays like a loser because he's never liked doing his home work, a pattern he set in college. But the thing about the bears is that they score a ton of points even when Rex sucks. So, I don't know if I'd bet the spread if it is 7 because the game could end up being a blow out in either direction depending on QB play. However, in 13 out of 19 games the Colts have scored 24 points or more. 3 of the 6 times they scored less than 24 points were the first 3 games of the season. And 12 out of 18 games the Bears scored 24 points or more, they are averaging 33 points per game in the post season, and their defense sets up easy scores for special teams, field goals and rushing TD's. 67%+ of the time these guys are gonna score more than 48 points and I like those "odds" so to speak. If I was a betting man, I would be leaning towards there being 49 or more points scored.
Good luck though as I'll just be watching as usual with a beer in my hand and not knowing who to really cheer for as I'm more of a college football guy.
Ren
Recovering from the flu and thought I'd post something to get brains warmed up on a chilly Monday morn.
1. We all HATE the gagged-TA. I mean hate it. It typically means that they a company is diluting but not always. So here's the flip side...could it be that these boys have the TA gagged in order to qwell any attempts at a hostile buy out or shareholder coup? I guess it all comes down to whether or not you believe these guys are capable and doing the right thing by us. A gagged TA is typically bad, but I would rather have a gagged TA than a buy out of my shares at .01-.02. That would mean significant loss to most if not all of us.
2. As to the shareholder coup...even if we could some how vote PA & RB out and replace them through our voting powers, do we even have voting powers? It looks that way from the organizational chart but doesn anyone know for certain?
3. Finally, I know that I get ticked too, especially about 3.414 minutes EVERY TIME after I get off the phone with RB. I mean TICKED. But just because these guys tick me off in how they handle shareholders, how do we not know that they are not the absolute BEST guys out there to run and grow the company right now? I mean how do we really know that removing them wouldn't destroy any chance of a decent return with this one ($.25+ pps for me now)?
4. Lack of transparency is bad and so is investor relations in general, but we don't even know if IR is being treated like we are most days. We get ticked at 5am PR's, but what if that's when PA & RB tell them to do it. We get ticked about lack of substance in the PR's, but what if that is all PA & RB give them. We all tend to want IR replaced, but what if RB & PA are going to treat all IR firms that way?
Anyway, legal drugs do weird things to my head. Well, I guess illegal drugs USED to do weird things to my head. I must be sick to be thinking of this stuff while I'm sick.
So, in conclusion. Who knows anything. Kids, 2 bottle of robatusin do make you trip. Get your flu shot.
Ren
PS Thanks Brian for planting these seeds in your email. Sorry it took me so long to get it up here.
Info on the lawyer representing PBLS at the Supreme Court level based on the Sept. 9 PR...looks pretty competent to me for the case.
http://www.liskow.com/bio.aspx?id=35
Ren
Penny - respect your DD. One question...do unaudited pinkies normally trade at a multiple? Seems like my experience is that they typically trade without one. What's your take?
And yes board, I do own shares for a while and would love to see a 20+ P/E...
Ren
That's true. I was just looking at the close and open price.
Ren