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I think Rutgers beats them anyway. But what do I know? I've been horrible picking college games this year. I see Ohio State with at least 2 losses...
I know I've learned that lesson the hard way. I'm slow but not overly stupid. For me now it's buy the bottom, sell a 30-40% loss, don't believe the hype, get your money out as soon as possible, and ride freebies if you want to.
Still waiting for HMGP to establish a bottom, looks like it's fighting to stay above .10 but not enough volume yet to be sure.
What a crazy year for college football! South Florida #2 in the BCS. South Florida? Ohio State #1 but not for long...
10/20 Mich St 3:30 PM
10/27 at Penn State 8:00 PM
11/03 Wisconsin TBD
11/10 Illinois TBD
11/17 at #24 Michigan TBD
Can a professor fail his own test?
My understanding is that the stock doesn't currently have to be on the threshold list, as long as they have been on the threshold list and FTD's remain.
Correct me if I'm wrong though...
Ren
They have more than 3 days to close out an FTD and it depends on when the security when on the Threshold Security list...
From an article just posted by Waverider...
"The amendment eliminates one of the exceptions to the Close-out Requirement for fails to deliver established prior to a security becoming a Threshold Security (“grandfather provision”). The amendment requires Participants to close out any previously-grandfathered fails to deliver in a security that is on the Threshold Security List on October 15th. The close-out must occur within 35 consecutive settlement days of October 15th. If a security becomes a Threshold Security after October 15th, all fails to deliver must be closed out within 13 consecutive settlement days."
No, that would be Pnew. Hopefully he's just smarter than we are than to be here posting on a beautiful Friday night.
Hope everyone forgets this soap opera for a few days and has a good one...
Mike
Nice volume today. 4x the 10 day average...and a nice pull down. Here's to volume preceding price...
What happened to Pnew? Haven't seen him post in a while...
Why is Scottrade showing bid/ask at 0.00/0.00? I realize the market has closed but never seen that before on this stock...
Sorry buddy. I hope you move over into MS where construction is booming and hook up with a real developer. Gulfport-Biloxi would be my first stop...
As for the offshore bank being Riley's idea. Sorry, don't buy that. Not after several conversations with RB and JH, and knowing that the Hayden's own a piece of that bank.
I wish it would put in a harder bottom. I thought it was at .10 based on the last few days trading...
Problem with that theory is that the Haydens were around long before Riley. And they and other members of management have just as much a checkered past as Riley, so who will the Feds believe? Probably no one (if they are actually down there)...
Sorry to hear about folks losing their jobs. Probably needed to happen but it still stinks for the real families involved in this thing on the ground level. We lose money in a stock account. They lose the ability to pay their mortgage etc, as I can assume that there was no severance pay.
I don't pick companies based on the IR. I've spoken to Mulshine once, many months ago about PBLS. Not overly impressed but seems like a nice guy.
As for UTYW. Just look at how it's traded. I've been watching it for a long time now (prob 18 months) and I personally think a lot of the company fundamentally. If it drops 20-30%, I'll be out. It's definitely not the kind of stock this board looks for, but that's okay...
Ren
Yep. But took a long time to fill at ask (didn't want to chase it if I have to call in to change the order). You'll see my 10,000 share buy on the tape. Not really expecting much immediately with this one fundamentally but expect some interesting trading if there is a forced cover.
Well UTYW for one. Used to own it. Watched them release repeated good news but tank on no dilution, recently announced a huge contract with Fujitsu. I picked up on it because I had an alert set for 52 week low. Saw the price per share, remembered the NSS thing and the upcoming Oct. 15 date so I thought I would nibble on a bit for old times sake and a potential pop. Worst that could happen is I bought on a slippery bottom and sell in for a small loss. Went to place the order via Scottrade and was told to call my broker. Saw something similar on the HMGP board yesterday with a poster named Ovidius. Same story "unusual trading pattern and short covering, can't buy or sell right now online" blah, blah, blah.
That's exactly what's happening too. I'm watching them walk the stocks down now, not showing buys etc.
Docs put Revenues at $10M. It is a small part of the puzzle but has always been important to the PBLS story to most investors.
Funny thing is that the whole Pit lawsuit started over something that is trivial now (maybe not back then). When the first 5 year period was up on the Murphy Pit lease, Mitchell & Furr offered a revised lease with higher royalties for dirt, though no provisions were made for such an increase in the original lease. Mitchell and Furr added a $4000 minimum monthly royalty to the revised lease due to Phoenix’s levels of production being “dramatically deficient.” Mitchell and Furr also disclosed that at the end of the second five year lease, they would actively seek out other third parties to assume the lease that Phoenix now holds. Phoenix refused to sign and the lawsuit fun started...
Suit #200312894, File Date 6/17/2003
Interesting...lots of stocks with supposed naked short positions are not tradeable via the internet with Scottrade today. I called my branch and asked why and they stated "unusual trading patterns put these stocks on an internal list with our market maker" or something to that effect.
Starting next Monday, things should get even more interesting...
Interesting...either way I walk around naked too much for living in a glass house.
10 minus 10 seconds until this is deleted as OT...
10
9
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True. Who knows. I just hope this stock makes me look stupid for selling (for the sake of those still holding shares).
Can a poster with a Greek name and a poster with a Latin name really get along?
Aren't the already looking at PBLS based on the last PR?
"We will continue to make news releases from time to time as
our ongoing investigation and the investigations of certain local, state and federal authorities that are now involved brings out all the facts on these matters."
Hopefully if PBLS did call in the Feds, they feel that they have nothing to hide per their business operations. If they do have things to hide, well, "people in glass houses..."
Ren
Some of the older restricted shares were for 5 years, some for 2. Depends on the deal according to St. Tammany docs.
So as there is no moderator here is that like being a kid at home when the parents are away for the weekend?
Can I personally attack you for your silly Greek name?
I'd really be thanking you if I had moved in on your call! ;)
Great call Kairos.
No, I don't wonder anymore. Anything is possible with this stock. This could be an organized take down by the company, dilution, NSS, etc. I don't know. Currently I am focuses on restoring the balance of my account without depositing new funds.
Then again, 12 months ago I gambled on this stock and "won" (at least some of my money back) so I don't blame the retail guys that might be buying here.
Agreed. What are your thoughts on the gagged TA? Is the company open about the O/S and do they have a track record of being somewhat honest?
I don't plan on marrying the stock anyway but after BIGN, I typically avoid the gagged TA due to the dilution trap.
I say good luck though I don't really believe in luck, so don't consider yourself bad luck. Maybe you just made a bad purchase or two. I certainly have. Anyway, I hope this works out for everyone. Looks like all I get is a capital loss and I'll take it as it's almost eoy.
Okay, thanks buddy. I'm not anxious anyway to buy. That's an early mistake I won't repeat.
I've been watching that for a while. Looks like RSI is due for a turn now. Board mood is fairly negative. Still don't like the gagged TA though but chart is definitely dragging near the bottom (at least for the last 12 months).
Agreed. What about the cash account/settled funds thing? Do I need to wait 3 days for those funds to settle before I trade? I've had a stock or two on watch for 2-3 months now and all this end of the grandfather clause stuff is certainly making a few pennies act strangely IMO.
Well my college education with that unmentionable mining stock is over. I live to fight another day. Someone help me recover some losses please.
Also, since I'm on a cash account, do I need to wait until the funds from my sells are settled to start trading again? There's a couple stocks I want to nibble at with the Oct 15 date approaching...
Ren
Well everyone it's been fun. That 600k block that just went through was my last batch of PBLS shares. I'll be around iHub and the PBLS board if anyone needs me and I hope that this stock proves me wrong and does an about-face with the pps, preferred divies, transparency from management etc. At this point though I just need to preserve capital after getting a 55% "hair cut." As business is good but tight, I just don't have as much fun money to add to my Scottrade account to play the pennies as I did 12 months ago.
Good luck everyone with your investment here...
Mike
Thanks.
As for guesses...I've used up my three (wait, maybe that was wishes). No more guesses, digging, calling, questioning, thinking, or number crunching for me on this stock.
I don't know, it all depends on who you believe. Do you believe the guys with the less than stellar back ground, or do you believe the guys you can't really find out much about? Do you believe the poster simply because he/she has posted for a long time on one board and seems friendly or do you believe the new poster that shows up with pretty accurate information?
I don't know. I guess I'm learning to just believe my Scottrade account.
What a lame PR today IMO. It was one of the most 5th grader like PR's we've seen yet from PBLS.
As for Riley, why did they ever say he was O'Riley when they knew he wasn't? What really doesn't make sense is why would Promuto be involved with Riley at all as he is a verifiable millionaire, has ties to the Fed and is an attorney? This whole things stinks and has stunk to the few who were able to spot it a long time ago (and who most of us didn't want to listen to).
What stinks the most is the "I told you so's" going on this board right now by some of the long term posters. My trading account will show that I lost money on this and anyone can subpeona that if they want, so fire away with accusing me of manipulation. But I feel for the folks that turned in their 40M common shares for preferred and have yet to recieve no divies. I feel for those that put more money into this buying common shares than they can afford to lose.
It's one thing to win a hand. It's another thing to gloat in the face of the guy who just lost the hand. It tells you a lot about a individual's character for sure with that act that way, especially since many of the gloaters are potentially no different than perhaps PBLS or Riley (if allegations are true) in the way they con/manipulate others of these message boards ever day.
I would lose about 60% of what I put in this stock if I sold tomorrow. For me, its a small price for a great education in how to trade pennies, which I look forward to continue trading. For you other longs that sold (MasterC, Chilar, etc), I just hope that your PBLS loss was no more than the loss of a great dream and a little cash, and not the loss of something financially critical to the well-being of your family.
And I guess that's all I have to say for now.
Mike
PS This "new info" on the back ground of Promuto has been around for months. Riley we never could find because we couldn't be sure on how to spell his name.
Thought it was O'Riley? I mean O'Reilley, or was that Reilly? ;)
Thanks everyone for helping me with the math. So they are late with approx. $40k worth of dividends? Wow...feel for those of you waiting for the check. Hopefully they will pull it together and we'll see a check posted that doesn't bounce or is drawn on the correct account. That's probably the best news we could get right now outside of AFs or new management.
IMO
Ren
Someone with time help me with some math.
If 45M common shares were sent in to convert to the Preferred II's under the $.06 deal, how many Preferred shares would that be and what would be the total dividend payment currently owed to those shares?
I know the math is easy but work has been crazy yesterday and this morning.
Mike