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PNEW122 ALMOST SILVER!
Hope you have a great dinner,evening and many more years together. Whatever you do, don't talk about a certain Pinkie you're involved with. A friendly tip from someone who is way, way past Silver. Have fun!
$crooge
BETTER CONVERT YOUR COMMON SHARES TO SERIES 2?
On the other hand you might want to really think about that!
Facts:
The updated OS figure reveals more than twice as many shares exist than previously thought.
The Company has pr information concerning new acquisitions that is not being published {perhaps intentionally delayed}.
The Company does nothing to slow the recent SP decline; actually fuels it through inaction.
The deadline for Series 2 conversion draws ever nearer.
As the SP declines the temptation/pressure to convert Commons Shares to Series 2 Shares increases.
The Company is meeting deadlines for posting information and releasing pr's (in a sort of manipulative manner)
The Company already knows what new information will soooon be released and likely has a good idea on the impact it could have short term and long term.
Hypothesis:
The information contained in the new pr's will reveal several really significant new acquisitions.
The new acquisitions in combination with the existing businesses will support a much higher SP for the Common Share, {say .17/CS} within a reasonable time frame, perhaps 1.00/CS years down the road; making the .06/CS {given for conversion} a great deal for the Company.
Conclusion:
The facts are facts, the hypothesis is just that, to be agreed with or not.
The Series 2 now offers a 400% increase over todays SP. It would be interesting to know just how many people are converting what quantity of CS to the Series 2 Shares. 100M shares converted @ .06 locks the company in for $6M. If the CSP did reach a dollar five years from now, this scenario would put $94M in the Company coffers. {Nice bonus}
It might seem that the only entity that could possibly benefit from a temporary dive in SP fueled largely by a delay in releasing pr's and resulting in many more shares being converted to Series 2's is the company.
I guess the question is "Would they really do something like that?" By the way; regarding the 100M share conversion scenario proposed above. They're already half way there!
$crooge
SERIES 3 USED FOR ACQUISITIONS!
It makes the most sense to me as well. Hopefully, we'll see some new acquisitions that we haven't already heard about and they will be perceived as great deals for Company and shareholders alike.
As well it would seem that PBLS has plenty of wiggle room left for future acquisitions, in that only 10 million+ of 62.5 million authorized series 3 shares are outstanding.
{SERIES 3} 62,500,000 AUTHORIZED 10,369,275 OUTSTANDING
From the information filed on pink sheets June 15th. So the outstanding series 3 shares {10,369,275 thus far} have been used for acquisitions; is that what you're saying?
THIS ANSWERS A LOT OF QUESTIONS....... NOT!
About what came out today. Who writes this stuff? Elmer Fudd!
I can think of three or four people who frequently post on this board who do a really good job presenting facts and figures, even though they usually need to use "The Rosetta Stone" to interprit the information before them.
PA & RB do yourself a favor. Get whatever facts you do have together, present them to someone who can effectively articulate them and then let them communicate PBLS's current state of affairs to the shareholders; you guys could go take in a movie or something!
All you've done here is to provide enough new fodder to initiate several more weeks of meaningless speculation. Unless the real goal here is a continued slide in share value; in that case you're doing a fantastic job!
Still trying to be positive here in Longsville but I must admit you're making it pretty hard!
$crooge
PBLS NEWS FLASH! IHUB BOARD PROVIDING SOLACE FOR INVESTORS
Just been going through todays posts and do have several points to offer:
If you are a PBLS shareholder; especially if you consider yourself long; then you likely appreciate this board right now, even if you don't want to admit it. This board does provide a quasi sense of community as WE WAIT for real information, the kind of news upon which you can actually base your decisions. I know I hate waiting; most of us likely do. I also know that it helps sometimes to be able to touch bases here just to see what other PBLS investors are thinking. Your thoughts might still be on the positive side, they may be somewhat negative by now; you might even be really ticked off and simply want to vent a little. I think that longs typically tend to be positive people; yet it is difficult to maintain a positive mindset when there is such a dearth of news. Lack of news considered, I still think a lot of the posts here have value. I think we are looking for hope and maybe even a little validation from other people who also hope that we're not crazy for hanging on. If your commitment to PBLS is LONG then your comments are worth a read; at least that's the way I feel about it. So your efforts are appreciated fellow posters.
Should Buck be banned? He's only been posting here since the middle of June and not with great tenacity. Buck is either a non shareholder on "a pure mission" to warn potential new investors to keep away from a stock that may actually still have tremendous upside or perhaps his hope is to see the sp go much lower so he can acquire a substantial position at bargin basement prices? Whatever his motivation, the "DON'T BUY THIS JUNK STOCK" posts will have no effect whatever on the sp; they only serve to annoy other investors. But whether or not to ban him! {What about freedom of speech?} I think Buck is entitled to his opinion as long as he stays within the boards guidelines. If we get tired of his comments we can quit reading his posts. If he continues to transgress board guidelines, then by all means ban him.
I used to read the posts on the RB Board all the time but when 30% or more of the posts started coming from one person; it was a bit much even for me. Talk about professional bashing at its worst!
Have a good afternoon everyone.
$crooge
LOW-FLOAT-GOAT . JIM-CHARTS
With a dearth of good posts it is nice to see some firm rebuttles today. I haven't been around here very long but I must admit it's kind of fun trying to figure out where folks are coming from.
The outright bashers are pretty obvious for the most part; some would get more bang for their BUCK elsewhere! As for the Cowboy; I reserve judgement. {Always liked the John Wayne types} Cowboy says he has 10MM shares, if true why would he want to see the sp go lower which is the goal of bashing; unless he wants to get more, the old rascal??
All the best,
$crooge
CONGRATS BUCK! YOU'RE THE ONLY ONE WHO NOTICED???
So it seems any way; should have gone a bit higher, say .040. Can you imagine the excitement if/when we ever get there. All we need is some good news, right!
Seems like most of us are in a funk these days. The longs are bored and don't have much to talk about and the bashers are sounding like a broken record if they do talk. Go figure! Be creative.
I really hope this works out for those who are in it large & long.
$crooge
VOLUME LOOKS AVERAGE TODAY! .030 CLOSE?
Taint - Seems we have similar situations!
Used up the balance of my account at .034 the day before the big dive began {the only really BAD buy/decision I've made thus far relating to PBLS}. A week later the same dollars would have bought 3 times the shares. Oh well I can't complaign; overall I'm even @ .017 but you can imagine where I'd be without that last purchase. Dang it!
I will say one thing, should this go sub penny again {doubtful} it would be real tempting to rustle up some more "Dry Powder" as they say. Hope you'll be able to look back on this as an unusual but profitable play.
$crooge
Taint A Trip Sounds pretty good to me!
Sorry if my logic seems taint-ed; never claimed to be the Spock of stock! Other than that, thanks for the compliments.
Cherio,
$crooge
Bagwa-John!
All I really know about Florida Rock is that they are very successful; been around since 1925 I believe. Currently trading at about $68/share. Got a recommendation on it last fall when it was trading at thirty something.
Should we end up even near the same ball park as frk, you can mix any drink you like. Here's hoping.
$crooge
BAGWA-JOHN FRK & MURPHY WHAT ARE YOUR COMPARISONS?
HAWAII . BEST MAI TAI @ THE HAWAIIAN REGENT OHAU
They were nearly $7 a pop {orchid and all} back in '88 but totally worth it. Never been served its equal anywhere.
$crooge
LOFLOATGOAT - JAMBAMBOO MUCH CLEARER NOW!
Thanks so much for your prompt and succinct replys; they both helped me get a better handle on what seemed to be another confusing share issue.
It didn't make much sense that the series 1,2 or 3 could have been used in the deal, at least going by the little bit of info. I had seen. So it seems this may have been a special deal. Got it!
Thanks again folks. The head honchos at PBLS should communicate so well!
$crooge
LOWFLOATGOAT - JAMBAMBOO RE CONDO DEAL?
Interesting posts but again it seems that the information out there is confusing. All that I know about the share structure is taken from the information that PBLS recently posted on Pink Sheets. I think we know how easy that information is to understand/misunderstand!!
What I see with the preferred shares is that the $10 par value is speaking about shares which have been converted from common shares @ two different rates: 167/1 {likely series 1} {series 2 for sure} or 59/1 {likely series 3} . Of course I'm not certain about this but it seems to make sense.
Series 1
Even though we are not told the conversion rate or the sp given to each common share we are told that the par value is $10 per share to be redeemed within 5 years. This information must be incomplete because to get to $10 per share par value within 5 years would require a 50,000% increase if the shares are converted 1 for 1 at todays pps. {Great but not logical}
Series 2
Here we are told that these shares convert @ 167 to 1 and have the sasme 5 year guarantee as series 1; therefore .06 x 167 = $10 par value
Series 3
Here we are told that the shares have a par value of $10 as well; the big difference is that each common share is assigned a value of .17 per share which would seem to mean that it would only take 59 common shares to = 1 series 3 share.
In one of the posts re the condo deal it said that there were 400,000 preferred shares with a par value of $10 used = $4,000,000. It doesn't say anything about common shares being converted but that doesn't mean that it didn't happen that way.
If they used series 3 for the deal it would have taken 59 x 400,000 = 23,600,000 converted common shares.
If they used series 2 then it would have had to be 400,000 x 167 = 66,800,000 converted common shares.
A 1/1 conversion doesn't make any sense to me because of the 50,000% increase that would be required to get us to $10 in 5 years. If it were that easy; who wouldn't put $10,000 into preferred shares now; knowing they would be worth $5,000,000 within 5 years.
I think everyone agrees that clarification on this issue will be welcomed. In the end we will probably all have some of this issue figured wrong.
$crooge
JIM-CHARTS NO KIDDING!
Whatever they release and whenever they release it let's hope it serves to provide news and clarification. The last thing we need right now are vague pr's and more incomplete information concerning the share structure. I believe that would only serve to initiate a new round of even more hostile questions.
$crooge
Bonsoir mes amis?
Uncle $crooge
THE SHAWDOW DOES KNOW!!!
You're showing your age!
$crooge
JIM CHARTS...SHARE ISSUE CONFUSING AT BEST!
All figures used here are extrapelated from info. posted on Pink Sheets last week.
Total OS = 1,750,000,000
SERIES III
10,369,275 shares already converted. Conversion rate @ 59*
common shares = 1 Series III share.
Common share equivalent = 611,287,225 shares. *See note.
SERIES II
283,123 shares already converted. Conversion rate @ 167
common shares = 1 Series II share.
Common share equivalent = 47,281,541 shares.
SERIES I
640,000 shares already converted. Conversion rate @ 167
common shares = 1 Series I share {assumed}.
Common share equivalent = 106,880,000 shares.
COMMON SHARES OUTSTANDING
1,750,000,000 - {611,287,225 + 47,281,541 + 106,880,000} or
1,750,000,000 - 765,448,766 = 984,551,234 {much closer to the 815,000,000 figure that was being bantered around last week as the OS}.
* Note: The conversion rate for Series III must be 59 because each share has a value of $10 but also a conversion value of .17 for each share. I believe someone posted this last week.
Just a thought but perhaps the shares they have obviously been using {issuing} to make new acquisitions and perhaps upgrade equipment at the Murphy Pit are the ones that are being converted to the series III shares.
If you look at item x on page 8 of the Pink Sheet report you might even begin to think that there could be the equivalent of more than 2.5 billion common shares that have been issued.
Really it is all conjecture at this time and hopefully PBLS will come forth in the coming weeks with logical explanations of what has been happening; particularily within the past 7-8 months; as well as a clear , accurate picture of the current share structure. Not giving up on this deal just yet!
$crooge
SERIES 3!! Whole share structure needs total clarification.
I find series 1 & 2 confusing enough. With a combined total of 187,500,000 possible. Would it not take the conversion of 167 common shares to fulfil each one of those 187,500,000 series 1 or 2 shares that will be issued? That allows for 31,312,500,000 {that is 31 billion} common shares just to max out the series 1 & 2 through a 167 to 1 conversion. That makes no sense does it? Maybe someone who understands these things better can shed some light on this; or perhaps this share structure issue is really as confusing as it seems to some of us.
As of the pink sheet filing 923,123 shares of series 1 & 2 have already been issued; that equals 154,161,541 common shares that have already been converted? That's pushing 20% of the 815 million figure that was being tossed around last week as the possible OS figure.
Like I said I am pretty new to this stuff; maybe I just don't get it! Sometimes this old birds' brain doesn't work like it used to.
Y'all try to have a great weekend.
$crooge
WE DON'T HOLD .014 WE GO SUB PENNY!
Didn't someone say that earlier in the week? Looks like we surpass 33 million s/t today still holding @.0120.
$crooge
31 MILLION SO FAR TODAY
holding @ 0.0115
3.6 BILLION SHARE STRUCTURE PROBLEMS????
Just going over the information PBLS posted on pink sheets once again. No wonder it doesn't fly. I'm pretty new at trying to figure some of this stuff out so if I'm way off please let me know. I think the figures in the report are screwy and poorly presented for certain!
Concerning the current preferred stock status {PAGES 7-8}
Series 1 = 640,000
Series 2 = 283,123
Series 3 = 10,369,275
Total = 11,292,398
Each of these shares required 167 common shares to be converted.
11,292,398
x 167
= 1,885,830,466 {common share equivalent}
In addition, according to the report on pink sheets there are 1.75 billion common shares out there. Does this mean that before any shares were converted @ 167 to 1, that there were actually
1,885,830,466
+ 1,750,000,000
= 3,635,830,466 common shares? 3.6 billion shares!!!
What started all this is that I was wondering if someone possibly has an agenda to get more people to convert their common shares to preferred @ .06 (than already have) because they know the real PPS will be much higher in the months/years to come.
Who wins if the shares now valued by the Company @ .06 and locked in for 5 years; end up being worth .50 or even 1.0 or more sometime over the next 5 years?
$crooge
LACK OF INFORMATION KILLS!
It is really amazing how many people in a position of authority; a position that affects so many other people just don't seem to get it!
They may have thought the release to pink sheets last Friday was sufficient but they have had plenty of time to see that it didn't fly. Anyone with and ounce of sense would offer something that would serve as adaquate damage control until they are ready to release the whole story. All it would take is an official PR period.
The ultra conservatives {stock wise} will wait it out no matter what but how many "not so patient folks" will acquiesce simply becasue of a lack of information? It's hard to wait folks but try to hold on.
My opinion only!!
$crooge
GOOD HONEST POST JIM!
I think that you echo the sentiments of many who follow this board, trying to get a feel for whats really going on; which of course is currently not possible. Unfortunatley very few people have received the gift of PATIENCE.
I purchased my first position back in Dec./06 @ bottom and have added frequently since then; the only time above .02, well that was last Wednesday at .034 ouch!; thought I might get left behind if you know what I mean. Quack! Quack!
Oh well! Notwithstanding, I appreciated your post Jim and would like to see more from you on this board. It's refreshing in an honest sort of way.
$crooge
LOW FLOAT ALMOSTLY EXACTLY WHAT I WAS THINKING!
If you can get in at around .01 convert to preferred at .06 {a 500% increase by the way} that means that in 5 years a $50,000 investment would be worth $300,000 + dividends {100% per year ++}. Quack! Boy thats a hard sell.
I'm gonna tell Huey, Duey & Louie but please, someone tell me are there any guarantees backing up those converted shares? Say the Company goes feathers up is there any recourse or guarantor in place; or are you an out of luck duck?
$crooge
WE ARE AT .0130 BOY AND GIRLS
If I bought this morning rather than last wed. I could have picked up an extra 70,000 shares for the same amount of coin. But then again if I hadn't bought it likely would have gone north instead of south. This buy low --- sell high thing isn't so easy. Wonder what today will hold on the pr front?
$crooge
1 BILLION OIL & GAS BY END OF 2008
Maybe one of you late nighters can tell me if that projection listed on the PBLS web site under Oil & Gas is still accurate. The Company (Rome)that was sold off in November last year doesn't seem to factor into the projection. Any info. on this??
Thanks,
$crooge
MT... I agree with your analogy on this,
Most of us are involved here to hopefully make a profit at some point and most of us are not the flipping kind. However the environment created by a mostly negative posts is helping to create a flippers paradise and that is going to perpetuate a PPS problem that we will have to endure as the stock starts to rebound.
I hate to think of folks making life defining choices here based largely on speculation and lack of information.
If you consider yourself a legit long then give this outfit a chance to explain what's going on and hope for the best; really what else have you the power to do?
$crooge
SHIZOKU Great digging!
Isn't it amazing how a little truth can blow a big dark cloud away? Good stuff!
$crooge
panlprofits... It's really a crap shoot!
The pps could continue to slide slightly if no news is forthcoming. On the other hand there could be a decent pr at any time which could cause the pps to start climbing again; we could see .03 sooner than some think.
Unfortunately at around that point I agree that there will likely be another sell off as the flippers do their flipping. It is a tough dicision; hopefully you can do better than .0145
OIL & GAS REVENUES COULD EXCEED 1 BILLION...
by the end of 2008. I was looking over the Oil & Gas division info. on PBLS's web site to see if the Company they sold last November is part of the 1 billion dollar projection. I thought it might be but apparently it is not.
Then I was looking over the report posted on Pink Sheets {page 11} and noticed that under oil & gas revenues the value of zero has been entered for 2005/2006; yet ProGas alone is supposed to have had revenues of $190,000,000 in one of those years. Am I missing something here or did someone else miss something?
I admittedly wonder if there is any validity to this particular projection; however if there really is the potential for a billion dollars from that one division within just 18 months; well that's huge.
Likely just wishful thinking but maybe there is some good news coming from this sector and maybe it's really slippery!!!
Still long...... still positive.
$crooge
SingleMalt...... So RB said the Company is worth 5-10 times what it is currently trading at. That would make us a .15 to .18 Company, right? If that is true, the 4 acquisitions must be impressive. Let's hope they start giving us some info soon.
Still long & holding
JOCKEE = THE VOICE OF SANITY...
Good posts at a tough time. Nice to see that some here are still looking at the big picture. The message seems to be, give the Company a chance to defend itself and I tend to agree with this position. Hopefully, they will react appropriately and quickly. There are several issues here that they need to adress:
#1 They need to provide some justification for the OS being twice what most people thought it would be. They have said they have great news coming {undoubtedly relating to acquisitions and potential earnings} and if that news is really exceptional it may help a lot in offsetting the damage done to the SP with the Thurs./Fri. selloff. Provide us with complete information relating to the current share structure.
#2 If any vital information {particularly pertaining to the OS issue or any share structure issue} was leaked to certain investors/investor groups prior to its public release, would that not constitute insider trading??? They need to fess up on this issue and HEADS MUST ROLL.
#3 From reading all of the posts on this board over the past few days it would seem that the Companys credibiliy has been seriously challenged. When people who have been on board for 2 years or more are shaken, then PBLS should know they've got a big problem on their hands. Nothing would go further to repair the damage done than the unadultrated truth,{unlikely} even if some of it is hard to swallow. It is easier to forgive admitted mistakes than to tolerate a purposeful, ongoing lie.
So we will see what next week brings. If the Company gets proactive, out in the muck with the troops so to speak, things might settle down a little. Most of us are on their email list; if I were PA I would be sending out a positive message asap; followed by the public PR's. If they delay and I mean anything later than before the markets open Monday morning, our SP will likely continue to slide as more folks panic and sell. I hope all the folks at PBLS realize that this should be considered a working weekend for them. Their short term success may depend on it, maybe a lot more!
Finally, I hope this works out for everyone who felt this Company was worthy of their support and trust. I especially hope that no one looses their house or other vital assets on account of this debacle. At this point all we can do is wait and see what they do and what they have to say. Still long, still holding and wondering how PBLS will handle this.
IT HAD BETTER BE GOOD! IT HAD BETTER BE QUICK!
Rally Cry, I agree with you 100%
Looks like we close @ .0185 which means I'm still up on 4 of 5 purchases and still up overall. What happens next week will likely depend on the quality and number of PR's we see from PBLS in the coming days. If we hear nothing by Monday the SP may continue to slide slightly until PBLS gets a bit proactive. But to say its going sub penny is a stretch unless we get some really bad news.
There is no panic selling here but I would be lying if I said I wasn't a little nervous. I still feel this Company has too much substance to be held down for an extended time. If the OS is reasonable we could see a bounce next week.
You have to wonder who's doing all the buying: is it the longs adding to their positions {smart} or is it people who dumped large positions @ .03+ and are now buying back in {sneaky}. If someone pulled it off with say 2 million shares they could pocket a quick $25,000 and still end up with 2 million shares or they could increase their position to 3.5 million shares with no money out of pocket.
Interesting stuff!
.0185 and holding - 31M + volume
.0185 wow! Looking better all the time. The bounce could be huge.
MY PLATFORM SHOWS .0194 to buy.
Wish I had more in my account to invest.
What's the best way to watch Fridays show?
Anyone! I'm lucky enough to be available all day Friday and would like to see what happens blow by blow. Any suggestions where best to watch and at what times? Thanks in advance and bon fortune to all those patient longs.