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Charlie, some have seen filing Docs including me. If it were false then it could be worse than the actual BK itself. To lie to creditors and shareholders about a BK filing would be jail time for sure. Now if you are suggesting they may get out of the BK before it is a done deal then that is another thing, but it doesn't make it false. That is called a rabbit out of a hat trick, which Paul is more than capable of pulling off. Personally I wouldn't get your hopes up though brother, and perhaps choose your words more wisely. I am learning that the hard way as well. I get hungry for the right words. JTBB has it figured out. Lurk instead.
I just want to save you from some future embarrassment in what could be constituted as pumping for your profit.
He also gave us or is giving us a ride that is a true "Thriller"!
WOW! Isn't that 50 bucks worth Xylan. What will you do with all that money...lol! BTW, do you have any preferred shares.
O/S 2,765,645,475
A/S 2,861,000,000
As of today.
Thanks for the info Xylan. I hope no one gets offended by my posts here and there. Call them how you saw them. We all have our opinions of each other and what we believe will happen. Not too many people think highly of me either...right Eddie. Is all fair in love and war?
At least the MODERATION has improved!
Now if we can get a run to .0004 or even better a Charlie pump run to .0009 so I can cash out licking a surface scratch instead of a mortal wound. Come on Paul what do you say? I have debts to pay to and the job market is horrible.
No offense Charlie your enthusiasm is welcome here as far as I am concerned.
If no one has tried to get a hold of the TA...I will tomorrow and post any info. If someone has please let me know so I don't have to bother. TIA.
I was wondering the same thing. RC was our O/S provider, but he doesn't hang around much anymore. Probably enjoying the sun while he can by that one river. Who knows if the transfer agent has the #'s. They may have been gagged, but I doubt it since the PR that came out cleared a few things up. What the PR didn't address that has us all hanging in the balance was the bank settlement. Even then at best it sounds like a break even situation...at least according to the PR.
The bigger question: How is the creditor meetings going? No bid...ask is .0002.
Yep! eom.
Doesn't matter no bid again. So much for the pump...lol!
You are absolutely 100% correct. This regime cannot recover and things are only going to get worse in my opinion.
Perhaps that is correct. Two wrongs don't make a right. Not all people realize that.
otcbargains,
Good post but all are guilty, and its the conservatives who are especially guilty. They run on the promotion of being the party of faith, yet they are unfaithful. They mislead and deceive. No worries about me being a liberal. I only agree with them thus far on two issues to be named later, other than that their ways are lower than garbage. I have more in common with conservatives.
Ask why GWB approved that statue of George Senior to be unveiled at the commissioning of the USS George Bush. He broke your number two.
II. "Thou shalt not make unto thee any graven image".
He had a statue made in honor of his dad knowing full well as a so called man of faith that this would upset God. The public didn't even see it and they still think he is a Christian who worships God. Nope he worships idols and has other people worship them as well. See the carrier he had named after him. Ask other countries what they thought if they didn't see it his way. I'll give you a clue...worship something from the sea or else.
Like I said all are guilty of what is going on and there will be a price to be paid...
Charlie the reason you are getting negative responses here is because of the use of words like...
"I'M SURE GUYS".
That may work elsewhere but not here my friend. Been there done that.
The only thing for sure is the BEAT DOWN that is coming our way which even according to the PR we all deserve.
I actually thought up until a few days ago there might be some sort of recovery as tiny as it might have been, but I'm wouldn't gamble on putting another dime in this stock. Sorry John I have lost my confidence in the entire market. But not to mislead I will hold my 90% loss until I need to make my child support payment...lol! That is actually a crying laugh... :>(
Xylan I don't see anything wrong with Charlies post other than using "I'm sure", without info backing it up. You officiated right by suggesting "IMO". You get a pat on the back from the judges panel here.
SkilldVESTR,
"I just don't under stand the enthusiasm".
If you don't understand then you actually understand the corruption here. Let me help. Now that the BK news is out the price bottomed. It has now become a bounce play for mo mo players from the no bid point. This is of course provided that no new bad news comes out before a bounce of a couple clicks. At most probably to .0004 IMO. Then the price will settle back down to no bid before the other shoe drops...(R/S maybe). This is my opinion and I have been wrong before so pray for the best my friend. The PR I believe stated it would take a couple of years to get back to profitability so we can't expect nothing more than a bounce IMO. Of course that is what the PR stated and all PR's thus far have been crucified. So believe that PR at your own risk. I am sure there are other savvy investors more experienced then me that have a different opinion. Bottom line... I don't understand either so who knows what PA is up to these days....LOL!!!!!!
"Enjoy my money".
Fenix I am sorry for your loss and my loss as well. I can't say I didn't have anything to do with the price collapse. But I didn't receive one dime from this company, and I am also down several thousand. That is the truth. Some people can't handle the truth when you exploit it. You can blame me for that, but not taking your money.
Would you join Paul and over look the corruption and evil tactics for the money? Tell Paul he was right and not to worry about the law. Well I couldn't and wouldn't Fenix. Everything that I have ever stated was on the basis of what I truly thought was the truth. I was wrong about one thing, but I would do everything the same. So here we are waiting at the bottom of the pit.
My disclaimer:
I have no affiliation with the company. You can believe what I say at your own risk. If you read my posts you can see I act crazy, You could say its part of the stealth disguise I guess.
Come on Fenix...you think I am Paul! Absurd! You obviously believe in revenge, and I don't. That is a difference between us and our beliefs. If you think that is weak then you have a lot to learn about what is going on. GL Fenix.
I am just as upset and mad as you. I just wouldn't sue him.
And as for PA getting out of jail for free...not a chance!
Yep my friend I agree. I hope you are well.
Sorry Eddie, even though we agree on the possible corruption that has taken place so far, what you are suggesting is a bad idea in my opinion. That route makes our greed no better than PA's (if guilty). This was a known risky investment. We must be better than that. Corrupt Courts, thieving Lawyers, and unfair judgments have ruined this country enough.
Besides the company is still operating, the bank settlement is still unknown, the R/S hasn't taken place yet, and there is always TECO...lol!. My point is why judge PA now anyway. We invested in the pinky knowing the risks.
Skilldvestr,
First, I wouldn't believe anyone from the company you talked to. It wasn't just Paul who was taking the shareholders to the cleaners. There are more involved and chances are you were talking to some of them on the phone. Second, don't believe anyone on this board. There are many smoke and mirrors my friend. Third, be careful how you interpret my posts. I wouldn't want to mislead you. RELAX brother. Its only money, and we know where that comes from. It sure isn't PA!
Jimmy, I don't believe in lawsuits of any kind. I think they are bad juju. What comes around goes around. Let the court decide in my opinion. If Paul is corrupt, which it doesn't look good for him, then he will have a day of reckoning. Its only a matter of time.
Maybe there is still some hope even if its a little. I really don't know. I've prepared myself mentally for the loss of the money already. This is why I have expressed my emotions so deeply.
Bad choice of words when I said reluctantly. It should be a word used to described "confused". I certainly don't want to confuse anyone.
If that happens then the only question is how much will 1M shares be worth. Will it be 100, 10, or 1. The usual for these pinks that have billions of shares issued is 1000 to 1. I do see the PPS increasing after reorganizing, but if its after an R/S who cares. The damage is done at that point. This makes me sick.
Here is a thought. If your assets are truly more than your liabilities then why not hold off on the R/S. Then buy back cheap shares with pocket change. Or is it because someone isn't done taking it to the shareholders for harassing them?
Yes, I'm still reluctantly holding some shares.
Don't do what I do. Do what you need to do. As someone so eloquently put it, I am emotionally stupid right now, and I owe him a thank you for making me realize that. Who knows, maybe someday I can explain my side to someone.
I am out. Fire sale in the A.M. This goes above and beyond what I can tell ya. I am sorry for my part. I can't explain everything, but for those that know me stay away from me. Starting now of course. Trust only yourselves, and if anyone points you in my direction other than me...run the other way.
thays gat to get my mula. GL
Welcome to the land of the "lost" crad. A serious question for anyone. When we can expect the "Q" after the PBLS symbol?
Crad, like the money that PR disappeared. At least I don't see it on the website, but I can only look so long before I start getting sick of the broken church reports. GLTU
Crad,
I understand with what you are saying, but a PR isn't official. Wouldn't there have to be some sort of SEC filing or audited statement. We know nothing in their PR's has ever come to fruition, so I wouldn't expect that statement to hold water either. This is the underlying problem with the company. They don't tell the truth and they hide things. This leads to trust falling apart and the end result is broken promises. Maybe someone else who has a better background in this matter can explain it to everyone. But either way I think we can agree if it is in a PR then it isn't true. At least for now. GLTU.
Eddie, can you please explain that last statement. What do you mean "still", and "bid on preferreds"? I think your decimal point is in the wrong place brother. The preferreds are as worthless as the common right now.
I hope I am wrong, but the way I see it this isn't going anywhere for while...perhaps up to (X) 3. The BK is proof of a time killer set back. But to stay positive I do believe after that we should see some sort of rise in the PPS.
I am sure you know this, but be careful of where you get your news from brother to ensure it's accuracy. I have been wrong, Xylan's super computer has been wrong, and many other longs have been wrong. It's easy to be mislead when trading Pinks. TIA for the response on the above question. Take care.
Eddie,
That makes me cry... :>(
Are you kidding 125M....
We can't even pay the electric bill...OK now I am kidding I think.
Xylan,
Perhaps you are right. But its hard to jump on that wagon. We have been in limbo for a long time. As Sawdin said don't hold your breathe. I'll stop being negative if that will help, because I really have no idea what cards they hold. 5 days or so it is...
PBLS has no ties to that company...so I thought. That was privately owned. Remember, there was a poster a while back named Southern Boy that had mentioned the same thing as you are suggesting. Said they were using company funds to fund a private business. PA will be Houdini if he pulled that off, and avoids the the cross bar hotel while in exile.
RC, the only reason why they were stealing from the pit in the first place was because the results of the illegal bank actions, which was determined illegal in the supreme court. Plenty of blame to go around in my opinion. But I will agree with you that we were "emptying our wallets into their thieving hands". Plenty of blame to go around. We shall see if there is more thieving in the future I guess. Still waiting on the 2008 3rd quarter PR and financials. Yeah right!
I have to be honest, and I am not trying to put down any of managements last ditch efforts, but this Treaty deal is a band-aid fix in my opinion. To many broken promises on both sides for that to work. Who knows when the wheels will come off of that one, or maybe it has. Both sides are not talking.
But hey, what do I know? Absolutely nothing right now. So good luck management!
Take care RC.
Beerthirty, that is a good quote by that man. It is also said a little different for people who are full of themselves. I read this in another book.
"When pride comes, then comes disgrace, but with humility comes wisdom".
Our forefathers founded this country using this book, but somehow we went astray....really astray. Now we are at the point of what will it take to get it back?
This could be where the NWO comes in...don't know.
Good afternoon D-man,
I don't know for sure, but I think what he was saying is after they lost control of the situation, they had an ultimatum to salvage what they could. The lawsuits were piling up.
Now I know what you are thinking, "after they lost control" should read "they never had control", but who knows when the actual wheel came off. I know for a fact at one point this company was theirs to lose. I just don't know when the turning point was of being forced to do things rather than making a choice to do things. Either way we are at the point of salvaging what we can and we should accept that for now. We really have no other choice but to roll with punches and be patient in my opinion. But please vent you have a right to do that. I know I have.
I would love to see no R/S and a 10 bagger, but the only 10 bags I see right now are Pauls and they are sitting in Florida...lol!
OK, I am with you now. Thanks Eddie.
Chilar,
I am not as naive as you might think. We actually agreed throughout most of last year. The only way I can say this without a deletion is this way. I came in late for a reason. With help I didn't start catching on until September for a reason. Things turned really bad in December. January was a total revelation to what was actually going on. For the most part we are on the same page I think? I really don't want to know anymore. Let's just agree we are at the bottom.
I have apologized for judging certain people. whether involved or not. It doesn't mean they didn't do anything wrong, it's just not my position to do so. The way I see it the court will decide.
On a side note what are your thoughts about the BK. It would appear they can't even file BK right. Why would they file BK without all of the lawsuits settled? It doesn't make any sense. I believe the other shoe hasn't dropped yet...R/S is imminent in my opinion. But I hope not. I think I know why management is making the decisions they are, but that will rest with me because it is a guess. This has gone way over my head for now, and I am pretty humble about my false prediction on a rise. So I am done thinking I know what is going on, but I will tell you the last year has been REAL interesting, and I can honestly say I am very appreciative being able to see a little clearer. I have thanked Him many times for that. Take care Larry.
OK, I don't understand how that is possible, but I am not saying it's not the case. I don't know enough about BK unless we are talking Burger King. Another thing though...if they did declare BK then I would assume all the law suits are done. Why would they file BK before all debt was tacked on. I would think they would re-organize after all lawsuits rolled in and not just some. Why re-organize half the debt? Just a thought.
Maybe Roach could help us out on this one. Are there still lawsuits pending that you can possibly see on that website, or in your opinion did we settle out of court on all that mess, because it was a mess, or should I say is a mess? TIA
Eddie, I agree there is no money for anything. With the A/S all but maxed out at nearly 3B, and no assets available, then how do they pay that debt through a chapter 11? Only one answer that I can see. R/S the common shares, and max out the A/S again by dumping billions of shares. We don't know if there was a move to a business with greener pasture, but they didn't claim it as an asset so back to the R/S. At best the greener pasture move is a band-aid situation.
Sawdin, pardon me for saying this, but PA never had the master plan. I believe he was winging it from the start (IMO). In fact it appears he was using the wings of that dead bird. I apologize for two of my prior posts and my part. I look back and I can honestly say I would have made the same choices, but worded it differently. A little older and a little wiser.
I wish EVERYONE the best of luck. Even though it ended this way it can still get worse. We could get the R/S news which I would expect sometime soon. But don't take my word for it. I was wrong on my last prediction so take it for what ever its worth. But something isn't adding up. No assets to pay for the debt??? They will have to raise the cash somehow IMO, and with no oil business how do you do that? Like a few things I was wrong on, I may have been wrong about you and others. with the exception of RC. His beatdowns still hurt, but it doesn't mean I don't wish him the best on his future investments. It's our choice to sell or ride this into the R/S stage. Either way your account takes a beating for now. You take care brother. I really mean that.
LOL! Yes! Thank you sir. EOM.
Perhaps the market downturn on the banks took its toll on Picayune as well...Oh well.