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It was about Progas, and just how do you know that it is profitable?
My point is that we don't know didley about
its finances.
Maybe all of its wells ran dry and are no
longer producing.
Maybe all of their leases expired.
Maybe in 2005 they had a huge lump sum payment that made
the earnings statement look good.
Maybe the cash flow statement shows a cash drain.
We know nothing about the past 7 months, almost 3 qtrs
about this company.
How many investors buy before earnings are released
unless they know the earnings.
JMHO, which I hope is so far wrong that I have to
change my identity and go into hiding.
They are losing money...
OT: you as a stockholder lose all your money.
Quiet,
When companies merge they usually look for synergies to cut costs. I see this company going a lot further that what you have started:
Construction: 3-D Builders, pool plastering, Ann Arbor pools.
Energy: Progas: Rome oil and gas, CM ideal energy
Materials: Best Jets, United soils, Murphy sand and gravel,
Services: Consulting, sales, marketing, trucking, Ideal services, Sam's oil,
Corporate: TCB properites, acquisitions, etc.
Until PBLS becomes transparent, Paul saying he has done everything possible to keep the price elevated is subject to legal debate.
Property taxes are public record in county of where property is owned.
I was thinking more along the lines of the Internal Revenue Service. You know, the government entity that you never mess with. The one that put Al Capone behind bars for income tax evasion.....
A lot has happened since then.
Past performance does not equal the future.
If they have not done financials how do they even figure
their taxes?
There is no good reason not to release financials
unless they deviate from the past....
The question is NOT "is the company real?"
The question is whether or not the company is making money.
I hate this waiting game, I want to be wrong, I wish nothing more than to see this stock flow over onto the Nasdaq
exhange at $5 to $6 a share.
The question is not if they have a real business,
the question is "Is the business profitable?"
Until they prove otherwise, we should invest
as if they are losing money hand over fist.
Any idiot can close a deal, it takes some kind
of talent to make money at it....
Overstock
The company did buy back the whole float....
but that is probably because very very few shareholders actually did it. If there was a case were the company could essentially buy the float then it might work.
Don't get me wrong I'm not advocating this strategy....at least not until more traditional methods like finacials, exchange change, year over year growth etc have been exhausted...until then nothing will matter. Very few shareholders will order certs and even fewer pink sheet investors will do it.
I've ordered my certs sunny side up with a jet on the side.
Does anyone know if these certs come with a sparkling
drop of retsin? or if they are really two certs in one?
How about a new theme song to come with your certs:
100 certs of Phoenix on the wall
100 certs of Phoenix on the wall
take one down short it around
99 certs of Phoenix on the wall
I have just come up with a new plan for the company.
They can take skydivers on each plane ride to the oil wells.
Just drop them off somewhere midflight, no need to waste precious fuel on landing and taking off again.
They could also sell flights to investors. For half the
price of a space flight investors can purchase a seat on
the next flight to the field. PBLS could issue complimentary
hardhats and bottles of oil sludge. For additional surcharge
they could attend oil drillers camp.
This sure beats dealing with stock certs.
We don't need to go to $2.00, an order to sell at .02
might be just as good.....
Haven't you been following along?
It's a lear jet for each of the corporate executives.
Sounds like Enron all over again.
Money flowing out of this stock faster than water from a
New Orleans levy.
After combing the internet, I finally concluded that
it wasn't connected with FASC.
Might have just been wishful thinking...
Tonight's news cast featured a horse track in Lexington, Kentucky that rehabilitates horses. It showed a farm machine
that looked like the KDS. It combined used tires and compost to make the track easier for the horses to run on. Just wondering if anyone else saw the news feature. Also does anyone know if the KDS can do tires? It seems that it wouldn't do the steel belted ones. I know that I am probably dreaming but it would be
great if it was the KDS.
The plug is out, the boat is sinking and most with any sense
have bailed. This boat may never float again. So buyer beware.
JMHO
I think rats are more profitable than this tanker.
This would explain why almost all 401k accounts do not earn
more than 1 or 2% per year and some suffer heavy losses.
Unfortunately the only thing big with this company is the loss now showing in my portfolio.
If they are planning on going to the Dubai exchange they may need two accounting systems. Or they may need to convert
from one system to another. Just a guess.
If they are planning on going to the Dubai exchange they may need two accounting systems. Or they may need to convert
from one system to another. Just a guess.
It might be from the Balkans, possibly Kosovo serb.
My impression seemed to come from cancelling or spinning of their Ky operations. I found nothing to substantiate this in the Company PRs. My imagination working overtime???
Thanks for clearing up the confusion, it makes for building a good core business by consolidating rather than spinning things off. At least at this point in time.
I disagree with the first paragraph. Paul promised the
financials in mid 2006. Paul is buying companies and has suggested that he will begin selling some of his purchases.
Good solid companies usually don't sell off part of the company unless it doesn't make money or it doesn't fit with
the core business functions. Either of which suggests that
Paul didn't do his homework or really doesn't have a good business plan.
Paul accepted stockholder money to build a company. When a company accepts money, they then must acknowledge the partnership. Anything less than that is not above board.
It is totally unacceptable to tell shareholders that financials will be out by a certain date and then delay it
by two years. Then if we wait two years, will he come out with a ten year plan?
Paul may be good at sales, but I question his abilities at
building and running a conglomerate. He can always publish the financials and prove me wrong...
Yes, I think that you are right. Also think that there was a lot of churning going on. Buy at .018 sell .03. Buy at .019 sell at .03. It looks like it was good for the PPS. jMHO
New slogan: "Please do not feed the flippers."
You may be right, if they have no clue to the financial status of their company, then maybe they shouldn't be buying companies. How can you expect to get a good deal on a company unless you can read financials? The only financials that PBLS had to do from scratch were from the original operation. JMHO
I am not sure if the SEC rules applies to Pinkies, but it seems it should. My greatest concern is the insider information part. It is critical that PBLS release their financials as soon as possible as well as the buy back stats. I have a lot of money tied up in this investment. JMHO
Recently I started looking at the SEC requirements for a company buy back. Here are some of my conclusions:
First, the buyback must not be done to simply raise the PPS.
Second, it must be done on the open market and the price is to be no higher than the current market value.
Third it should not be done if the company has insider information not available to the individual investor.
Fourth after completed, information such as number of shares, price per share, etc. must be disclosed.
Hope I am wrong, somebody please explain why I am wrong!!!
link to SEC rules:
http://www.sec.gov/rules/final/33-8335.htm
Recently I started looking at the SEC requirements for a company buy back. Here are some of my conclusions:
First, the buyback must not be done to simply raise the PPS.
Second, it must be done on the open market and the price is to be no higher than the current market value.
Third it should not be done if the company has insider information not available to the individual investor.
Fourth after completed, information such as number of shares, price per share, etc. must be disclosed.
Hope I am wrong, somebody please explain why I am wrong!!!
link to SEC rules:
http://www.sec.gov/rules/final/33-8335.htm
Recently I started looking at the SEC requirements for a company buy back. Here are some of my conclusions:
First, the buyback must not be done to simply raise the PPS.
Second, it must be done on the open market and the price is to be no higher than the current market value.
Third it should not be done if the company has insider information not available to the individual investor.
Fourth after completed, information such as number of shares, price per share, etc. must be disclosed.
Hope I am wrong, somebody please explain why I am wrong!!!
link to SEC rules:
http://www.sec.gov/rules/final/33-8335.htm
I think they saw that many were turning in their shares
only to buy back. They unknowingly created a flippers
paradise. I'm surprised it took them so long to catch on.
jmho
I am seeing the management of this company making some
serious errors. I am now beginning to question whether
they actually have a net profit.
This company could turn out to be worth more than a
gold mine.
It is just there aren't that many people wanting
to stick around and find out.... JMHO
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Charts say that money is being drained out of this stock.
Flippers usually sell high and buy back low.
Insiders could be selling, but that would be stupid since
it will be disclosed down the road.
The only thing that I see that makes sense is that
the stock is being manipulated..
Is that a Doji Star on the Pbls chart, possibly indicating
a change in direction? Maybe yesterday's prediction
happening tomorrow?
I came into this world with nothing and I will leave this
world with nothing.
A few more days like today and I might be ready
to leave really soon ........
Ameritrade streamer is still showing .0555.
bought today and holding until they repossess all my things.
If this is the case, when will they have acquired the
25% of the company?