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We will see the late day run up to .026
Stock will most likely trade over 3 cents by tomorrow.
Mu guess .035 by tomorrow
Its getting better all the time...
Its getting better all the time.... dododododo
The shares are all potentially freeetrading. I asked him how much does he feel is tightly held. He said approximately a billion. The new guys we know are only continueing to buy. Also a lot of the shares were issued for a lot of their aquisitions. I am sure most of these people who they have aquired are in it for the long haul.
I spoke to Ron Blackburn.
The numbers from the tranfer agent are correct.
Why are we already from 1,750,000 up to 2 billion already.
250 million were given to the new guys who have come on board for what they have already brought to the table.
That makes sense. The balance of the rest of the shares that are supposed to be given wil be delivered " balance to come from Phoenix as certain acquisition are made, contracts are granted, and sales and profit projection are achieved that are attributable to their efforts"
They probably do business worldwide. I figure that we will ship to many different locations.
Good post Quiet
This post is in response to Airdale and cutting corners who somehow agrees with Airdales post
I sent Mike Mulshine the post below. Asked him what he thought of Airdales post which is below.
His response:
Scott,
The post by Airdale1 # 47334 is pure BS... he is wildly speculating on things he knows nothing about.
This whole thing below is nuts. Makes no sense to me either!
Mike
The theory behind broker dealers or market makers, (MM’s) is to create more competition than the Specialist system employed by the NYSE and AMEX. They like we private shareholders take risks with inventory in buying, holding and selling.
Since the new partners are buying on the open market and not through some private placement, PBLS, like the rest of us, they will use MM(s) to sell the newly created shares into the market. Will the MM still get their “commission” yes? They can then either buy the shares outright, in hopes to sell at a higher price, or they can match trades for PBLS in the market for a fee.
Based on the last three PR’s, I think PBLS management has adopted a change in corporate strategy since the merger. I think the new people have brought a more shareholder friendly atmosphere to the company. I believe they will sell x amount of shares per day into the market and the new partners will probably buy about x amounts per day to help “make a market” and not injure current shareholders by pushing the share price downward. It’s simply an opinion that will be proven or disproved in the coming days/weeks.
I personally feel the stock was held back in a big way today by naked shorting. I saw 3 times the amount of buying at some points and the stock dip. I think the shorts are scared to death and have no answer except to continue the short. My guess is they are so far in the whole they do not know how to get out of the Jam they are in. I think at some point we will see a forced cover by the major broker dealers at some point for it will be way to much risk for them to continue to allow their client to dig in even deeper. Who really sold today compared to bought today? This stock would have ran much faster if it was not being controlled. Keep shorting. I love it. It just means more money for me later.
They have committed to over the counter purchases of approximately two thirds of the amount they require
the balance to come from Phoenix as certain acquisition are made, contracts are granted, and sales and profit projection are achieved that are attributable to their efforts.
These shares will come directly from the company treasury.
You stating they will be sold throgh a market maker makes absolutely no sense. I repeat absolutely no sense.
I highly question what your motivations are?
In response to Airdale
The company announced a long tome ago that it looked like their stock was being shorted.
August 16, 2006
Phoenix Recommends Shareholders Request Delivery of Shares in Certificate Form
"management believes that the current stock price is also attributable in part to heavy selling pressure from "short selling" of our shares in the marketplace and, some of this "short selling" may have originated outside the United States"
http://biz.yahoo.com/iw/060816/0154821.html
What they said the other day:
Under the new growth plan, it is expected that the Company's new venture partners will be acquiring a very large position in Phoenix common stock of well over one billion shares. They have committed to over the counter purchases of approximately two thirds of the amount they require, with the balance to come from Phoenix as certain acquisition are made, contracts are granted, and sales and profit projection are achieved that are attributable to their efforts.
The balance will most likely be restricted and be locked up for probably minimum 1 year , but more likey 2 or more years.
These shares will not see the float. Insiders cannot be given free freeshares from what I have learned. Speciallyifthey own over 10%, which they plan on owning well over 30%.
Don't tell us theseshares are going to be dumped into the open market unless you know for sure which I have a feeling you do not. I have a call into Ron Blackburn into Ron Blackburn for clarification.
Signing out for now.
Big gap up for Monday.
A lot of people have not seen news yet.
This is only the beginning.
Phoenix indicated that additional contracts are currently being negotiated for the Aggregate Division, and that the Company is quickly expanding to an international level in oil and gas, and aviation as well. Many informative news releases will continue to be forthcoming so as to keep our valued shareholders informed of the Company's progress.
This volume is definately going to put us on a lot of peoples radar.
I am expecting a late day run up into close and a gap up for monday morning. We will see over 2 cents on Monday. A lot of people have not seen this news yet. This weekend a lot of information will circulate. Also a lot of people have been sitting on the sidlines. Ungagging the TA and a 1.3 billion dollar contract that seems to be very legitamate is going to make everyones comfort level much greater.
Keep shorting it girls.
Your days are numbered.
I personally feel this is the kind of news where people will continue to accumulate for weeks to come. This announcement is huge. The stock is very undervalued at these prices. Market maker ungagging is huge. We have a winner folks. Biggest volume day ever and it was before noon. New guys coming on board want to buy over 700 million in open market. This rocks.
Looks like we will have our biggest volume day ever.
This stock is a keeper. I do not care what kind of run up happens. This is the type of news where people will continue to accumulate for weeks.
Back the truck up. No pun intended.
This baby is going higher. I expect over 2 cents by monday with a nice gap up.
200,000 bought at .0145
150,000 sold at .014
Stock drops. What a joke how much the market makers either short or manipulate this stock.
Today was a good day. Court ruling in favor of overstock.
http://www.forbes.com/2007/07/18/naked-shorting-overstock-biz-wallst-cx_lm_0718overstock.html?partne...
I thought fridays trading was very positive. It sems like a lot of people are very comfortable buying at these prices!
Their was a lot of volume, with a strong close. It looks good for this morning.
This company we just purchased does not have to be headquartered anywhere near the Gulf Coast.
We are even talking about going foreign.
This will be interesting as more information becomes available.
As a result of this acquisition, Phoenix now has contracts in Florida and California to reprocess soil separation and recycle various C and D landfill materials to make them environmentally friendly. These are 5 year contracts and involve 246 million yards of material. The demolition division is currently bidding on other contracts that will make this a global operation.
I spoke to Ron Blackburn mid last week. He is very excited about things that are going on within company. It is my understanding they have been working for some time now with a very large company. I asked him if it was Florida Rock. He said it was a much larger company and a conglomerate of some sort. Florida rock has a 4.5 billion dollar market cap! He would not even hint what division this would affect. He just tells me to be patient, that it will all come clear in the next few weeks the direction of the company. I asked him point blank about the series 3 preffered and asked him if he or management was planning to cash these out at some point. He said he or management has no intent to cash these out. He says the preffereds are convertible at any time back to stock. Why would we cash the out our shares for 17 cents when we feel they will be worth north of a dollar when we are finished. I sure hope he is right for our sake.
Mike Mulshine seems to be very excited about what the company is doing even though he would not share either. I got the "have patience" thing as well.
I always thought PBLS would have a short squeeze. With all the dillution I do not know if their really was shorting going on after all. One of Mulshines old companies Sedona is looking good. I met with Marco the CEO yestetday at Corporate and had a 2 hour talk. I am very excited about the future prospects of this company. If we can get a court decission for discovery this summer we will be off to the races. I think that is where a huge short squeeze will begin. This we know is legitimate for the company has been in a long arduous multi billion dollar federal suit against many hedge funds and brokerage houses. If we should see discovery, which is expected this summer, I cpould see many big firms settling with Sedona.
Excellent news today
New resort picked us to have as their ISP provider.
The fact that new construction picked us tells us they are state of art. Way to go Insyscom.
It is moving fast. All aboard.
They made a quick rush of sales to drop bid and ask.
Not one is hardly selling at. 0115 Actually more buying now at.012
Apprximately 30 million shares at .0125 cannot move this stock up.
But 5 million shares sold can move it down.
This is so crooked. Now I just need to figure out who the crook is. I am working on it. Its very tough to get this kind of information.
The usssual
2,715,000 bought
10,000 shares sold
Stock does not go up
Summary of Contents of the Book I just mentioned
Volume 1
Chapter 1 Denitions
Chapter 2 Summaries of Common Stock Poison Pill Rights Plans
Chapter 3 Rights Agreements
Chapter 4 Sample Poison Pill Documents
Chapter 5 SEC No-Action Letters
Chapter 6 Analysis
Chapter 7 Litigation
Appendix A 1991–2005 Poison Pills at A Glance
Appendix B List of U.S. Companies That Adopted Poison Pills Between
1986–1990 (January 1986—December 1990)
Appendix C State of Incorporation of US Companies with Poison Pills
Appendix D Poison Pills By Financial Institutions
Appendix E Companies in the Health Care Industry with Poison Pills
Appendix F Companies in the Computer Industry with Poison Pills
Appendix G Companies in the Communications Industry With Poison Pills
Appendix H Real Estate Investment Trusts With Poison Pills
xxi
The thing that concerns me the most is the preferred three class of shares. On paper it is an absolute nightmare for us as shareholders. Ron Blackburn told me that this preferred share class designed primarily to used as a poison pill. That they aren't going to pay any dividends, that they are there primarily to avoid a hostile takeover. The problem is that they are there, and the company could potentially act on them at any time. We need to get some kind of formal disclosure from the company stating the only way they would act on them is to avoid a hostile takeover. And that it would just be a temporary thing. We truly need to be given information about all the nuances of this preferred share class so that we a shareholders do not get screwwed.
For people who want to learn about corporate anti-takeover defenses and poison pill devices you might want to purchase this book:
http://west.thomson.com/store/summaryofcontents.aspx?product_id=14525698
Its only 443.00 dollars
Many people on these boards don't really understand naked shorting. Or they are the shorts themselves trying to create confusion. You'll know when the shorts start to cover because the stock will move up quickly. Today is either legitimate shorting where somebody borrow the shares, naked shorting, or some type of large client who has a relationship with nite securities to sell all the shares that they can at the ask.
Nite sat on the ask the entire day. Would not let it move up the matter how much buying came in. I personally bought 2 million shares today when I saw that nobody was selling. This is a very good sign. Now we just have to know why the market makers are holding the stock back. Where are they getting all this inventory from.
I started this board to educate people on naked shorting.
There are a lot of good articles, links and videos.
Check it out.
http://www.investorshub.com/boards/board.asp?board_id=9434
Yeah I assumed it could stock brokerage. I did not think about the concept of brokering companies. My nervousness is getting to me.
Link to their Brokerage Division
http://www.pbls.biz/brokerage.asp
Why would we possibly have this?
Why is PBLS in the brokerage business.
The director is Paul Alonzo
CPA Brookfield
Its right on the organization chart.
Why have we never heard a thing about this division?
That makes no sense whatsoever. When they start to cover this stock is going to go up fast and furious.
25,047,950 buys
1,751,400 sells
Over 14 times the amount of buys
Over 9 times the buying on big volume and stock just idles.
16,191,232 share bought
1,751,400 shares sold
Stock cannot move up.
I question who is behind this. We need to find this.
I will do my best.
Count me I will drive down their if I have to.
I live in Pennsyvania.