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MY GUESS
Company is selling or their is someone naked shorting it.
I am sure as heck going to try to find out who nites client is that they cn sell shares at the offer indefinately.
2.5 hours now
13,491,447 shares bought
1,661,400 shares sold
Why is it not going up.
8.2 times the amount of buying
Stock still not going up
That is 7.7 times the buying and stock stagnates.
12,805,272 shares bought at .125
1,661,400 shares sold at.12
Stock does not move up.
If they were buying back it would cause the stock to go up.
More buying then selling, stock should go up.
More selling than buying, stock should go down.
Where is this confusing?
10,722,622 shares bought
1,661,400 shares sold
Stock does not move up?
What the heck is going on?
Hey If I can get it I will get it.
Why would a hedge fund naked short a stock with so much upside potential? What are they really gaining, as opposed to the risk they take if they are wrong.
Rob
One of the brokers at Trac data is going to call Penson compliance to see if he can get that information for me.
Peson is the clearing firm that has a very close realtionship with Nite Securities.
Lets once and for all find out if this is naked shorting or company selling? I personally do not think the company is selling but anything is possible. Lets find out who their client is that has so many shares.
Would someone please call nite securities and find out what the heck is going on. They know. They definately know. They are getting the shares from somewhere.
7,282,622 Buys at .0125
1,561,400 Sells at .12
Stock is not moving up?
Where is nite getting all this inventory from?
Doesn't anyone find this disturbing?
Now 6,282,622 ask
1,561,400 Bid
Why is this stock not going up?
Help me someone. Please? Give me a rational answer.
I have got a scary thoght I would like to share.
The company claims that there's been naked shorting going on in the stock. How do we know the company hasn't been selling shares for the last few years to raise money for all their acquisitions. I find it very disturbing that they will not ungag the transfer agent. Even now after they supposedly announce share structure which personally makes no sense to me, they still have the transfer agent gagged. Then they give themselves a preferred deal of .17 cents per share and they have effectively removed any profits that would have remained for the common shareholder. When I asked Ron what the float is, he tells me he has no idea. Why does he not have any idea?
Ron tells me that the preferred shares are there primarily as a poison pill to protect the company in any kind of takeover situation. That they don't necessarily pay anything, but when you read it. It sure looks grossly different.
Why does this stock never go up when their is more buying?
4.259,022 on ask
1,561,400 on Bid
I am praying for that as well
TT
Please save that e-mail.
If we get defrauded it can be very good evidence.
If you have a question about financials you most certainly want to talk to the CFO. That financial information is a joke.
It looks like a 4th grader put it togather. We were told they were weeks if not months getting the information togather. It raises more questions then it answers. Did people read it. So much is grossly inaccurate from what we were told.
Did anyone notice retained earnings from 2005 to 2006. It went from 6,465,102 to -158,000. An accounting friend of mine said that it was disturbing to her who is also a shareholder of PBLS. I said maybe it went to aquisitions or something. She expressed it has to ba a carry loss forward or distributed dividends. Have we started paying of Preffered 1 or 3? Who really knows.
He never even has the courtesy to call me.
He then carbon copies it to MIKE Mulshine, Ron Blackburn, Carolyn and Paul Alonzo, Anthea Ellis?, amd PKnight.
Isn't this wonderful. You just want a little clarity on the current disclosure and you get this response. Mike Mulshine does not know the answers to any of my questions I presented in the letter. He was in the dark and concerned as I was. He told me Monday he was going to try to get more information. I have asked him to call me if he gets any. I have not spoken with him since and his phone has been on immediate answering machine when you call. They don't even keep Mike informed with all their shenanigans. Everything has been a complete surprise to him. That is if he is being honest with me. I won't go into specifics but he was very worried and disconcerted when he read the filing.
This dog is not going to lie down. We as shareholders deserve to have answers.
I called Dennis Kowalski this morning. I have been trying to get him since Monday. He spoke to me this morning and he told me he was busy but would get back to me. He said lets both schedule a time where we can both talk. How does 5.00 Eastern time sound for you. I said great I will talk to you then.
I called at 4.45 eager to speak with him. The receptionist told me he was in a meeting and she was able to interupt him to let him know I was on the phone. He told her to tell me he would call me as soon as he was done. I waited patintly for 1hour 25 minutes waiting for his call.
I finally call back at 6.10. The receptionist tells me he sent me an email. I am thinking what the heck is this.
Here it is at 5.38.
Scott:
As our packet was submitted to Mike Mulshine and the Pink Sheets last Friday, Phoenix has answered a barrage of questions from both the Pink Sheets and certain shareholders. It is our objective to totally satisfy all questions and issues as presented by the Pink Sheets, certain that if the exchange is satisfied with the information, our shareholders will also be satisfied. This has obviously not been the case, as a few shareholders, and only a few, have persisted with peripheral questions.
Phoenix has attempted to be courteous with all shareholders, but find our day continually interupted by a few. For this reason, Phoenix will insist that all calls be directed to Osprey Partners. Osprey will then pass all comments to the appropriate associate at Phoenix.
Thank You for your patience and understanding during this period, as we continue to do our best to serve our shareholders, company and associates.
Dennis J. Kowalski
V P Operations
Phoenix Associates Land Syndicate, Inc
Hi my name is Scott
I'm a pblsaholic
GOD, grant me the
Serenity
to accept the things
I cannot change
Courage
to change the
things I can
and the
Wisdom
to know the difference.
I hope your right about a pr but I feel until they come clean publically on the prefferd 3 shares we are never going to appreciate. I really hope my gutt is wrong on this one for everyone sake.
I have lost a lot of sleep over this investment.
I think if Management stays honest and does not get gready we will come out of this very well. The only problem is 915 million more shares issued and 104 million dollars in series 3 preffered scares the heck out of me.
As of yet none of these questions have been answered except an explanation on series 3 that does not make any sense to me.
I think we all should all have these questions answered.
One last thing.
I have a phone meeting sceduled with Dennis Kowalski at 5.00 eastern time. If it happens I will relay my findings if any.
This is a letter I faxed in on Monaday 9.00 AM looking for answers
Attached was all contact information and signature. Their receptionist said that she would put a copy on each persons desk.
Dear management of Phoenix Associates,
This includes Paul Alonzo,Carolyn Alonzo, Ron Blackburn, and Dennis Kowalski. I am writing this letter as a very long-term and loyal shareholder to this company. I've been with this company for well over two years. I supported this company by not only buying a lot of shares myself, but have brought in many shareholders as well. I've also spent countless hours bringing new investors into this company via the message boards. I have developed a relationship with many shareholders in this company. I must say this company has many dedicated and loyal shareholders. The messageboard activity is tremendous. That is a very healthy sign that you have a very robust, and loyal shareholder base. I've been investing in pink sheet and bulletin board companies since 1997. My experience over these last 10 years has been tremendous in regards to stocks that trade at these price ranges and on these exchanges. I currently do investor relations for an ethanol manufacturer out in Los Angeles. I think I understand very well the concerns and needs of the average shareholder. There are many companies that defraud their shareholder base that trade in the pink sheet arena. I've been defrauded countless times and also tend to be a cautious investor as well.
First I want to congratulate the company on a job well done building this company. Over the last year I've been very excited about all the positive developments that have been put forth in press releases. I've also have a lot of nice conversations with Ron Blackburn, and look forward to the future progress of this company. It's amazing what this company has accomplished in such a short period of time. Ron has invited me many times to come down and visit the company. I look forward to the day I can meet everyone in person.
Now for my concerns to create hopefully better harmony and peace between the shareholder base and the management of this company. Many people were shocked to find out that the company had full issuance of authorized shares. With that said I still feel the company is very undervalued even with full dilution. I as well as many other shareholders, are concerned about the most recent information posted to pink sheets. There are many questions that are unanswered, in the most current filing.The questions below if answered will bring a lot of peace and harmony to the overall shareholder base. There are many sophisticated investors in this company and the current information just does not fulfill the needs of these shareholders.
Please be patient, I will do my best at asking the questions in the clearest manner that I can.
First question
How many shares does management currently own of the common stock, as well as the different preferred classes.
What is the breakdown of each board member or other management?
Second question
How can we be at full issuance? It looks like to that we retired approximately 47 million shares of the preferred 2 class.
It just doesn't make sense to have full issuance from our understanding? Also most people were expecting around 815 million shares to be outstanding,
and instead there is 1,750,000,000. Who were the other 935 million issued to, and what breakdown.
Third question
Item 6 of the most current filing says that Phoenix forecast potential mining and sales capability at between 4 and 8 million annually. The company has already publicly announced that they have a contract for 20 million with Cherokee. I also remember seeing a very large contract in the most recent newsreel. Why are these numbers so off?
Fourth question
The company filed 4,107,000 in long-term liabilities. When you look at series 1,2 and 3 preferred stock it looks to me that the long-term liabilities are much greater. Could you please breakdown what the long-term liabilities are for series 1, series 2, and series 3. This would help greatly in helping people understand the overall financials. Why does long-term liabilities seem so off the mark when you compare it to the debt obligations on the preferred?
Fifth question
Could you give a more complete explanation of series 1 preferred and series 3 preferred so that we can understand these two new classes better.
Also who are the shares issued to for series 1 and series 3? How may shares did management convert into series 1,2,3, if any?
Sixth question
As shareholders we would all like to to have an update on how each division is doing. The progress of each division, and maybe some forward guidance numbers
on what we can expect from each division?
Seventh question
What are the current salaries of management?
As a side note. I think transparency is what is greatly needed at this time. Most people are thrilled with the progress of the company, but need to see the fine details so they can feel more comfortable in their investment. If the company has nothing to hide, then there should be no reason not to answer the questions and concerns from many of us. The shareholder base in this company is extremely loyal, and have worked very hard to promote this company. It is very important to always bring new shareholders into the mix. Please lets not lose all the momentum we have been building over the last year in this stock. I don't want to see all the progress that has been made up to this point, to be hurt or impaired in anyway. With all the naked shorting that has gone on in the stock over the last year, I feel we want to keep as many people on board so that we can break the shorts sooner than later. I know personally many people who have their life savings in the stock. People who have mortgaged their house. I can't tell you how may people I know who have lost sleep worrying about this stock. A lot is riding on this for a lot of people. I'm not mentioning this to make management nervous in anyway but to show you how much faith people have entrusted into this company.
The last note. I have known Mike Mullshine for a long time. He definitely understands this arena to a large degree. You pay Mike Mulshine a decent salary to communicate with shareholders. What's most important is that you communicate with Mike so he can do his job more effectively. If Mike could be kept in the loop better, and had many of these questions answered, things would go much smoother. I'm sure the last week the company has been bombarded with phone calls. I'm sure management is extremely busy, and doesn't have a lot of time to be taking numerous calls from shareholders. If the company could just be more transparent in their current filings and try to do a better job keeping us up to date, we would all be that much better off. I look forward to hearing back from you as soon as possible in regards to this matter that I've addressed. Thank you. Answers to these questions will alleviate a lot of fears and have a much more positive impact on the share price.
Sincerely,
Loyal Shareholder
This is what Ron Blackburn told me the other day.
He said series 3 preffered is owned by management.
It is their to protect the company if their is any kind of take over attempt. It is used primarily to act as a poison pill if any attempt were to be made. Based on what I was able to ascertain that it was needed. When I asked if management is earning about 2.5 million a year in interest he said no. He said series 3 doesn't necasarily pay anything. That is not the point of series 3 stock.
I have spoken with 2 compliance people and they do not see it that way after showing them the current information. I personally am not at all satisfied with the answer and I think they shoud come up with a formal statement explaining in detail the intent and structure of both the series 1 an 3.
A PR is not going to do anything until they come clean on their series 111 Preffered. You can count on that. Its bad enough we got a 915 million share dillution.
I sold half of my position today.
It is by far the hardest sell I have ever made.
If the series 3 preffered are what they are showing, I am going to have to do the preffered 2 and hope to get paid some day. Lets hope series 3 does not take a precedent over series 2.
Here is the way I see it.
This stock always traded around .015 cents with us all thinking they had 815 million shares or less.
Now we find out that they have 915 million more shares outstanding. Discount the stock by more then half and you get .008 cents a share. Throw in that management has completely mislead us on the outstanding shares or lied to us. However you want to see it. Discount a little for credibility. .006 Now you have to account for 104 million to be paid to management which comes out to .17 cents a share. This is going to come out of future earnings. Their is nothing left to appreciate the stock. Also the fact that they have been quiet throught this whole period after announcing the share structure and preffered is a nightmare.
Sedona is close to breaking out!!!
Nothing that i have seen tells me that PBLS is scamming us. They have been extremely friendly when it comes to shareholders visiting the company. Hundred of people have been down to visit the company.
Everyone to my knowledge walks away very pleased. Ron has invited me down to New Orleans countless of times. I think I am going to take him up on his offer very soon. This company has made incredible progress building this company in such a short period of time. The company has real businesses with real people working for them. How many employees do you think have bought into this stock as well as their friends and famillies? How many personal friends of management have bought into this stock? Management owns 40% of the outstanding shares. Why would they want to hurt the common shareholder. That is how they are going to cash out someday. I know their are still unanswered questions we all want to know. I think in time they will all be answered.
We all need to be patient. The company is only in its beginning stages on being current. My guess is their not disclosing much at this time because they are probably in negotiations. I think the picture of this company is going to be much clearer as the weeks develop. For the company to become fully current they must meet these guidelines.
http://www.pinksheets.com/otcguide/categories.jsp
Click on the link under current information.
I am told series 3 preffered is owned by management
It is their to protect the company if their is any kind of take over attempt. It is used primarily to act as a poison pill if any attempt were to be made. Based on what I was able to ascertain that it was needed. When I asked if management is earning about 2.5 million a year in interest he said no. He said series 3 doesn't necasarily pay anything. That is not the point of series 3 stock.
I admit when you read it, it can be taken that way. I would like to have some more formal disclosure to how class 1 and 3 work. That is very much needed.
I spoke with Ron Blackburn today.
I asked him if Paul Alonzo was recieving 100,000 a week in compensation. He said that is nuts. I told him that rumor is going around on Ihub. He told me to forward who wrote this and he is going to have one of his attornies handle the situation. If I see any more posts rumoring this without substantial evidence to the contrary I will be forwarding these on to Ron. You have been forwarned.
Well their is virtually no selling going on.
200,000 shares sold
That is 17 times the amount of buying and stock does not move up?
Now 3,394,856 shares bought at .017
200,000 shares sold at .0165
The ask only gets fatter
Now 2,694,586 bought
200,000 sold
No price change
That is now 13 times the amount of buying
Now you tell me this stock is not being shorted!
2,394,000 shares bought at .017
200,000 sold at .0165
The stock does not move up with ten times the amount of buying
The increase of outstanding shares is from my understanding shares that will eventually convert into common. They have not even been issued yet from my understanding. They are all still in lock up from my understanding. Early on in their aquisition phase they were using shares as part of their payment to companies. They stopped doing this on the last few they made. Future ones? Lets hope not.
Nite this morning did not want to part with shares.
I was having my orders sit out their and not get filled.
In my other account I had to buy and route it to schwab just to get filled. Nite being the biggest market maker in this stock did not want to fill people very easily.
Lots of buys at .19