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Well, I think I'll wile away some time reading up on the London Exchange - AIM ;)
Another logical explanation is that legitimate buyers want to get in and are trying to eke out every little bit of profit. This seems very risk though. Especially if a PR comes out (I dont' expect one, but I'd love to see one saying that financials will[/] be released on ____ along with other news. MOSO
Hard to use logic in pinkyland when/if a stock is being severely manipulated. For example, there is not much buying pressure at this price, which seems odd given the immininet release of financials and news. One logical explanation is that MM's want the price to go down in order to buy cheaper shares, whether for themselves or clients. What logical explanations do you have for today's inactivity?
It does matter what shows up as a trade (whether it was made last Friday or or last night) as that is what everyone reacts to.
I do know that the last listed trade trade was 30 minutes ago....
I hope so, it did run up on Katrina news...
Who are these shmucks buying at the bid or under the ask? Flippers just trying to eke out every last penny?
I hope so...
My fear is that the MM's just won't let this go to where it should be (even after release of financials and news), and they do have the ability to hold it down unless enough buyers show up. Then I fear those buyers will be flippers and the price will spike and then settle back down. Hope I'm wrong... I just don't trust how things work in pinky-land.
If they are buying, they are not buying for their listed bid price of .025 If they are selling, they are doing it through another MM as they don't show up on the ask.
That would be nice...
We've got a ton of .034's to get through. Of course, if a MM WANTED to take it higher, they could by jumping up quickly to .035. However, I think the MM's are happy where it's at (or lower if possible).
I doubt Fidelity or any other Fund is investing in an unproven pinky. I could be wrong though. If a large institutional buyer did come it, they could easily buy all of the legitimate float. That might not be good as we need liquidity to move upwards. MOSO
Interesting where they show up: On bid,
CANT 08:58:01 5000 .025
On the ask, they show up at the bottom with the same time signature, but no ask amount.
Time signature, doesn't that mean it's for today? Most of the other low bids have dates from days ago.
Agree, at least at this stage of PBLS' growth into a dynamic company.
FWIW, I'm very confident that future revenues and earnings will be MUCH higher. JMHO
Didn't someone post numbers like those below as coming from the company?
190-200M Revenue
6-7M Profit
Sounds about right to me. Plug in whatever figure floats your boat for outstanding/float/etc.. Future numbers should look much better.
I expect other PR's, at least one anyway, this week. The most important question (which is unanswerable until it occurs) is what will the market (remember, it's a pinky-land market) do.
Of course, just MOSO
16:15:36 200000 0.034 + OTCEQ_NBB T (F)
16:00:00 490 0.034 + OTCEQ_NBB
15:59:00 5000 0.0339 - OTCEQ_NBB
15:59:00 5000 0.034 + OTCEQ_NBB
15:56:36 21000 0.034 + OTCEQ_NBB
15:56:36 21000 0.0339 - OTCEQ_NBB
15:48:03 358 0.034 + OTCEQ_NBB
358 shares 12 minutes before close uptick from .0335
490 shares at close uptick from .0339 to .034
Sure seems like someone spent a few dollars trying to make sure it closed at .034
Some miniscule trades went off at .034 right at the close, lol
obviously, some investor(s) wanting it to end up for the day.
358 shares $12.17 (might have cost more to make the trade!)
490 shares $16.66
Thanks wherever you are...
Great Find... I just sent the article to Paul & Ron with the note that Best Jets/Noble Jets/Aero Net might offer products and services that the specialized financing departments and advisors listed in the article might be interested in.
I'm sure they will be thrilled to receive it, lol
Did all the weed talk get you to light up a big fat one! Maybe if it goes to 50 cents, naw, not even then, lol
They were concerned about the float/outstanding shares during preparations of financials. Right now, you are correct, the float is what it is and they can decide what to do (if anything) after they see how the share price plays out over the next few month.
JMHO or MOSO (I believe Renavito came up with this rather humorous, and often in my case, accurate acronym)
I guess it depends on what the meannig of 'retired' is. I don't believe that 'retired' means an official change to the AS, rather that they are not releasing them back into the float. Maybe you or someone else can elaborate.
TIA
Anyone else having trouble with Alphatrade today?
Possibly by new investors, but my guess is that long-term followers made up their minds about converting long ago. Also, if they didn't convert at a lower share price (thus increasing the return) why would they do it now? My opinion is that most long-term holders believe PBLS will be worth much more than .06/share within 5 years. Finally, why convert before the release of financials? Just wait a few days and if the pps flounders, then it would make more sense to convert. FYI, I did not convert any of my shares and have no desire to, no matter what happens immediately after the release of financials.
PS... PBLS can convert those shares at any time. They just need to be converted WITHIN 5 years.
I would tend to doubt that. I would think 'temporarily' retired to reduce the float is more likely. Those shares are a valuable asset that PBLS (thus us as shareholders) can use in the future, if needed, as a means to raise capital w/out taking on 'traditional' debt.
No. Those shares are being held by PBLS. The value of each share is $10 (par value) and PBLS has up to 5 years to redeem said preferred shares. The preferred shareholders chose to be 'compensated' by receiving dividends and a guaranteed par value. It would be patently UNFAIR to those who didn't take the preferred deal for PBLS to 'sweeten' the deal if the price rises above .06 Trust me, no additional 'compensation' is required and none will be forthcoming.
News on the weekend? I doubt it. Weekend news is usually bad news (i.e, trying to hide it). IMHO (and that isn't worth much!) it is better to release good news near the start of the week. Momentum is more likely to be built up over a night in which the market will be open the following day.
Maybe you misunderstood my post... I have never thought or insinuated that they are pump-and-dumpers. Heck, I proclaimed as much on TradersNation live broadcast.
I hope you are right. All I know is that I couldn't predict a pinky stock price if my life depended on it!
LOL... if this was a pump-and-dump, they are some of the worst 'pumpers' I've ever seen!
I was aware that it was debt related, however, that doesn't preclude other possibilities. My main point is that I believe PBLS feels the OTCQX is a much better move at this time (I agree with that assesment) AND if they do move elsewhere in the future, it won't be to the OTCBB.
lol... that would be quite a feat!
PBLS is not eligible for applying to be listed on the OTCQX at this time. Hopefully, they will in the very near future. One of the requirements is for the ending share price to be at least $0.25 for the 90 days preceeding application.
It appears that way... we can at least hope...
COMPETITION IS GOOD
AMEX TAKES AIM AT AIM (and thus provides another alternative)
Amex's new market, The American Platform or Tap, is designed as a second tier venue for so-called micro-cap companies. Tap listings would have a market capitalization of over $10 million but cannot or do not wish to list on a primary exchange. The move has been proposed to the SEC and comes as the London Stock Exchange's Alternative Investment Market (Aim) raised nearly $30 billion in capital last year.
Full Article (Very Interesting):
http://www.iflr.com/includes/magazine/PRINT.asp?SID=684504&ISS=23788&PUBID=33
One final thought before I head out: PBLS management believes that the level of manipulation is not much different between the OTC and pinksheets. If that is the case, it doesn't make sense to invest large amounts of time, energy and money into makeing a move to the OTC. It is better to try the OTCQX and make a move to something besides the OTC if needed.
I've go to run...but one quick comment: Unlike many established companies that already had audited financials for many years, PBLS was essentially starting from scratch. Also, unlike a company that has been in existence for years and has not dramatically changed, PBLS has increased in complexity greatly over the past few years. Finally, unlike a company that just makes widgets and only has multiple widget factories, PBLS has many disparate parts. My guess is that the cost of complying with Sarb-Ox would be 'above average' given the variables I've just mentioned. Dealing with Sarb-Ox is down the road, if needed.
And I am glad that they've kept their 'mouths shut.' I'm pretty sure that I was in the minority hoping for that scenario. We all want the same thing, the highest sustainable share price.