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Asus,
I noticed my question to you went unanswered.
I would like to place a final piece of DD.
Before I join Mastercraft in a self imposed exile from I-Hub.
Two Fridays ago, I drove 740 miles round trip from Sugar Land Texas in one day to visit PBLS in Louisiana. My engine service light came on near Beaumont on the way back. This was not easy as it was the day after giving a presentation on LNG at Electric Power 2006 in Atlanta. I guess for those of you that dig, now you know who I am.
This was my second visit to one of their locations. The first was ProGas in Houston the month before. My coworker has had the time to talk to traders and co-workers from some of the previous companies that some of the people from ProGas worked at and these people at ProGas were deemed competent or better.
I had Doe nuts with the 3D builder guy (He had no idea who I was).
I had a 30 – 45 minute meeting with Paul A & Ron B.
I had lunch with Ron B
What did I learn?
1) They are in a House because it is a historic district. $500,000 paid for. Even BANKONE was in a house
2) They have NO Debt
3) They have an average daily bank account balance of $3,000,000
4) 3D Builders will be busy for 10 years
5) I saw cardboard shots of the new website (Class Act)
6) The real value of this stock at this moment is .25
7) They could be making deals to get back restricted shares issued
8) They are in the middle for a deal for 8 rigs (2 deep, Hello NV)
9) The 900,000,000 bbl lease was too expensive and would of been as capital intensive as an oil sands lease to develop. Tells me they are looking for a “company maker” project
10) A deal for some type of refining installation fell through because they did not trust someone
11) These people hate liars
12) They are disappointed with the average KY well hit and are moving on to better targets
13) They are cash rich presently but could go into $5 million of debt to secure a fantastic asset
14) The banking relationships ProGas has will be an asset
15) The business of ProGas will expand and the profit margin will increase
16) A trader from a big trading house might be interested in jumping the fence, Paul mentioned the numbers of the business and I guess the company name, Paul would not comment. But he knew the numbers and there is only one company out there with them. Huge.
17) The value in the next year or so will be a dollar or better
18) They are very interested in the July 3rd ruling that goes into effect concerning short positions
19) Paul A will do what is best for the company and not what is best for the short term. He will not bend to the whaling of investors for short term $$.
When I went in to the office I told Paul the following before we talked
1) I represent 7.1 to 8 million in shares owned by my company, myself and co-workers
2) I am not here to force a form 10 date
3) I am not here to see the mine
4) We just want to know whether to hold or add
This will make sense in a minute.
My back ground;
The company I work for has published over 68,000 reports on capital spending projects by companies in North America and to some extent across the globe. I can tell in a voice if something is there or not. I have followed capital projects from inception to commissioning.
I along with 20 others were trained by a man who was employed by the “Company” (No Not PBLS) for nine years in their global geological resource department before he came to our company.
We were trained in penetration tactics and how to derive information without asking direct questions because actions and motives speak louder than words.
On top of the 20 heavy research personal there an additional 35 lower echelon personal support us to maintain the data base.
Why does this matter?
Because when I call for research I am;
1) John Kelly from Global Services
2) Jeff Pines from Sabine Turbine
3) Ted Jones from Global Engineering
4) Chuck Wagon from Capital Ventures
What ever it takes to gain the information. Have I called PBLS and asked for people on their company tree just to see if they exist? You bet. The list of people Beyond Paul A. Ron B. John B. Tom C. Mike M. that I have had several conversations with, was only the start. Was it honest? No. Was it legal? Yes, you would not believe the crud an investigative reporters from the news will do. We are no where near their blatant set of tactics. Our job is to get in touch someone, get the info and exit the conversation without them ever knowing they were touched.
I hope all here do well with PBLS and it was nice to meet many of you (And No I do Not Know Any Insider Information).
PS
My car is at Sterling McCall Nissan in Sugar Land if any one wants to pony up…
If anyone saw the movie "Office Space" then they would know what an Azz-Clown is.
Asus,
Was the word azz-clown really enough to remove a post over???
Some of the DD done here by some is then twisted and reposted on other boards by what I believe are the same people...
We get people coming in here and threatening to "bring his short crew in to drive us to .0001" and that post stays.
I use the name azz-clown and I am removed???
I agree, the azz-clowns have shown up in force and on several boards.
Something is up. Insinuating several issues and some have changed their tune a bit. Remember the idea is not to tank a stock, it is to control and limit any run in an effort to replenish or drive down for a flip.
I have a nice chunk of cash here. Nothing I was not willing to lose down to $0 from day one or ride this investment for a nice day in the sun.
Remember what you came here for.
Any thing you find out would be great to know good or bad...
Like I said. I was tired. Horses mouth.
You are correct that not everyone is a nervous short.
I was just looking at all the weird stuff that has happened in the last few days.
1) Personal Info???
2) Armies of azzclowns
3) Married w/ Children
4) Legal affairs
etc...
You will always find problems with young companies. The question is... Can a company over come its problems? If the answer is "yes" then it is all a non issue. I am buried at .022 - .024 with some at .028. I am not worried.
If there was a suit of a material nature then the company would release the details.
As for the suits where PBLS may be the filer, there has been talk that PBLS is going after people who have slandered the company for their own profit...
It is really not worth the time, if I remember correctly... I was very tired. PBLS was considering doing some type of work in NV or something that would of made a land ower (Or something) happy. PBLS changed its plans and that pissed off the dude who (Hiding behing being an American Indian person) screamed and tried to get others to join. It is BS because you can not file suit on a company because a company was considering doing something and then modified its plans. Nothing was ever in writing as I understand. Something like that, the story goes. I am not worried.
PS
The dates on what was posted go back many years.
PPS
There a lot of weird things going on now and over the weekend on both this board and the RB board. I think there are some nervous people that need to cover and the know that there is no sign (like increased volume) when news is releases. No leaks, makes people that are have something to loooooooose, nervous.
I heard that there was some BS suit that was filed that was a dead duck suit.
Why does not TommyTanks post his own? What is the problem? If some one called Mike M from that number and he reversed it, I believe that there is something fishy about the reaction three people have had here. This board is totaly disrupted... Is that not the job of a basher? Seeing that asus would remove off the wall crud in a heart beat it would seem that a basher would need a different angle here to disrupt a board.
Hmmm;
http://messageboardfools.com/bashers.htm
This is a really nice angle to screwing up a board. I hand that to you.
Welcome,
Hope you are safe over there and things are going well.
PS
I will respond to your email in a few...
I wish I had a friend like that. That would stand up for me and all.
It is getting knee deep. Like I said, I think the next few weeks should be interesting
"why doesnt mulshine go after the real bashers or hypsters who lie,"
Who is to say that he did not.
And so do you
What I fine interesting is that oil futures for the worst demand month of the year (October) are trading at $76.
Keep in mind that the US is swimming in stocks of crude & NatGas. Political situations will determine what happends to this market.
Does anyone know what their cost per BBL of production averages???
Knowing this would go along way and I could ask a few trader friends of mine if the model is sound at that price... And if sound, then for how long...
I will share findings if anyone can answer the BBL cost question.
shelby2786
Pease email me off my profile...
I think this week will be a sight to see trading wise seeing all the new people posting and what the meat of the matter has been. Strong flank, probing attacks on the center, and yet we will see the main engaugement. I smell something ....
Well seeing that a new crew has showed up, I think the next week should be interesting to say the least.
Will Consultech Construction Management, Inc., be rolled into this traded company?
ASUS,
Please delete post #15220 some think it might be spreading spywear.
What a beautiful way to disrupt a board. So simple and yet look at its effect in just the last few minutes. Hmmm, nice in a bad way...
I think, we are all see our own information and now the fact that we are seeing others. Like the old Star Trek episode where every guy on the ship saw the woman as the image of their long lost love and not one of them saw the same woman.
Geek I know...
Wave,
If you did not see the favorites of (tedwitt) but you saw your favorites (waverider110) then through that like we all see "our perspective" favorites and no one else.
Please answer... when you hit the link did you see the favorites of 'tedwitt" or "waverider"????
I dont have PM but my email is on my profile...
WAve,
Did you get your personal favorites or mine (tedwitt)???
Jail Time?????
I was told the same thing. Too many calls.
Accounting 101; A = L + OE. not A = L.
Good,
Destin is hot. Do you have any locations on the Texas locations or reserves, ops. If you do then I will drive.
PS
You never responded to the 1077...
So what Did you find on TCP?
You mean TCB? I have not looked into that company. Like I said "I took a drive on 1077".
I know I should do that. It just makes me a little pissed when there is a person there claiming to be ex-Enron as in high up and is using that ID to punish the company. Some times its just fun.
I did not chk out the new companies. I do know they exist. I chose to ignore a trip to Killgore and in its place take a drive on 1077 last Friday.
Add scenario;
Did they offer any of the restricted share holders a deal?
If cash flow is good. The odds could favor that.
It is a little more ruthless there at RB and I have no love for the bashers that I take a hobby in ID'ing them, making them back step and some times getting their goat.
What can I say...
A copied post from RB...
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Hello Pebblers! Haven't posted much and wanted to reassure any of you that may have thought I jumped ship.
Not the case in fact I still have every share I have ever bought starting back last June @.0034. I have been adding consistently to where I control over 5MM shares and add on every significant dip. Would recommend others do the same.
I decided to be quiet and not fill the board with drivel and only post when I see that some hairbrained scenario is fleshing out after someone had a financial wetdream or nightmare.
The money flow is from the impatient to the patient, alot of company building and preparatory work has been accomplished by our little PBLS and we are now within 6 weeks of the end of the 2nd quarter when management has told us they will have filed for migration and all the associated documents.
I posted awhile back that I did a considerable amount of reaching out and touching my peers in the oil/gas industry in the areas where PBLS has interests. There is only one element that is lacking in the series of acquisitions orchestrated by our newest member of the Board of Directors, Ron Blackburn.
The last major acquisition, in my opinion, is a drilling company with a rig or multiple rigs, it will also be the largest cost acquisition because of the inherent expense of the drilling rigs with the capacity to service PBLS needs on our cross-section of leases. The shallow stuff (1500 - 3000 Foot) in Kentucky and Tennessee can be handled by the air-rotary type rig at a cost of $200k but the mud-rotary rig capable of drilling a 10,000 - 12,000 foot well in Nevada and Montana will cost $2 - 4MM. In my peer group inquiries I was able to confirm they had been talking to drilling companies about the purchase of them so that PBLS controlled their own rigs and could service their own internal company business plan, of course at significantly lower drilling costs.
The pattern of acquisition is cash plus restricted stock and a contract with the pricipals of the acquired company to continue to run that company for 5 years, this coincides with the 5 year restriction on the stock portion of the deal. Now you can see why PA and RB needed to buy back all those shares and continue to do so, all in an effort to not increase the A/S and work only with the O/S.
In my opinion, this is a ticket to financial independence, don't fall prey to those that would strip you of your shares, and remember one of my favorite sayings.....
Don't blink! The one that blinks first loses!
Trade well and wisely.
Your fellow Pebbler, Long and Strong!
USC Cowboy
A dip and a buy... I would love to see if there is a knee jerk reaction PR to stabilize the price while PBLS continues what it is doing...
I hear that. Until enough info comes out to run calc. on then it is a fire-fight. Even .08 would bury me with a lot of play room.
That would be a tequila night.
I dived at .89 for the last 10,000 shares other 15,000 were sold before. I should of stood my ground but that first PR sent a chil up my spine. I entered at .28 .48 & .67 I will most likely be back. After finding that link, I will most likely be back.
Asus,
If you read the first PR like I did, it was bone chilling.
No time to sell, dropped way to fast.
Only a few things will push us way up and way past .04
1) Prelim numbers
2) Movement on the oil front
3) A good snap shot of the total picture
Welcome to the oil patch. You never want to jump the gun in the oil patch or you will find yourself out bid on a property. If you strike good; you can't let the neighbors find out until you secure the lands on the prob trend. Cash flow is life blood. And, with the aggressive companies with vision you end up asking yourself, How did they pull that off?
Things of interest;
This latest company has oil & gas interests along with construction.
Will they move on WY soon to build up the betting chips on the table?
If a driller comes into the picture, it is all over but the LOL.
Numbers come;
From PR 3/29/2005
"On 2/25/05, Phoenix completed negotiations to settle $3.5 million in debt.
Based on the debt settlement agreement, Phoenix has contractually agreed to begin the process to become fully reporting within fifteen months and has contracted to finish that fully reporting process within twelve months thereafter.
Phoenix stock is grossly under valued because the company has not promoted its stock until the debt settlement agreement was finished.
May of 2006 is 15 months
May of 2007 is 12 months more.
They say they have accelerated the process.
I do not really care if they file form 10 in 2Q 2006 or if PBLS completes the process later.
What is the most critical for my money is that PBLS puts its final pieces together before pushing on. Having a growth plan or even (Please) securing a "Company Maker Project" beats the crap out of making investors happy in the short term. Short term = short sighted.
Example:
I believe PBLS has more cash flow, banking connections and infrastructure than PGPM but PGPM secured a possible "Company Maker Property" and they have rigs (Hence the explosion).
Now add a rigs and a "Company Maker Property" to PBLS.
Ask yourself the question... if I really am a long?
1) Do I want numbers before the pieces are in place?
2) Do I want just the KY, TN, WY & NY leases?
3) DO I want the numbers now???
No, I want the last pieces in place. If a load of shorting has taken place then I want revenge as well.
ML dude said that if there has been that much shorting here then that in itself will just add fuel to the buying fire once the numbers come into play, the stock moves and the shorts fall over themselves trying to cover. He just doubled up to 1,000,000 shares.
The BASHERS are out in full force on RB. There my name is 17russia. I can't say I have been kind to them but I do smile when I see them go nuts.
This will move when the machine is ready. PA has been in business long enough to know when the machine is ready.
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And now “Devil’s Advocate”
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As for the area51 people (People who look for holes). I have this to say;
1) There are to many people involved with this company for it to be a scam.
2) Too many former company owners sold their "Babies" to PA for cash and shares (Would you sell your company cheap?)
3) Too many people now have a vested interest in this working out.
4) They do business from a house... Well even Bank One in the area is in a home.
5) Elvis & Jim Morrison are not in Africa. They are dead.
If you are scared, then there are Government bonds. But then again the same people that own area51 also issue the bonds.