Anyone who has an Ameritrade account and has requested and received certs, please send me a private message.

TIA,
Dino

Follow-up: I had posted that I was going to contact Ron and Paul concerning Mr. P's statements claiming that PBLS would never file because they had done X,Y & Z and would run afoul of the SEC. I spoke to Ron a week or so ago and he laughed and asked if the poster was still posting. Ron's belief was that most companies coming off the pinks would have 'issues' IF they were already listed, but since they are not, it is not a concern as everything is dealt with as part of the filing process. He genuinely did not seem to have knowledge of any 'problems' that would preclude them from filing at the appropriate time. I have not gotten around to speaking with Paul.

FWIW, I'm still very, very bullish long-term.

I tend to agree with the gist of your post and base that on my personal conversations with both Paul and Ron. However, they are both smart enough to realize that it is in their best interests (both as shareholders and managers of PBLS) to have a higher share price and that said higher share price will only occur (i.e., a sustainable higher pps, not just a spike) when PBLS becomes fully reporting and transparent. When that is, well, that's the million dollar question, isn't it?

Regarding PR's, here's an excerpt from a recent letter that I sent to Paul and Ron:
---------------------------------------------
Concerning press releases, it is obvious that until PBLS completes it filings with the SEC (to include audited financials), PR’s will have minimal, if any, positive effect on investor confidence as evidenced by changes in share price. If PBLS announced that it had acquired General Electric for shares of PBLS, I wouldn’t be surprised if the price of PBLS stock declined due to concerns regarding dilution! Thus, I’d like to outline an approach that can maximize the effectiveness of future PR’s and also provide a mechanism to support momentum in PBLS once it is listed on the OTCBB.

Hold off on releasing information via PR’s. When all appropriate materials have been completed and you are ready to submit the filing statements to the SEC, release a PR stating that you will not be releasing any more PR’s until you come out of the ‘quiet period’. This makes sense for two main reasons: First, it provides a signal to the investing community that something important is forthcoming without providing a ‘date certain’ that can potentially be missed, thus causing investor backlash. Secondly, and just as important, it will allow PBLS to withhold information so that it can be released at the most opportune time. As noted above, releasing PR’s before filing is a waste of time, money and effort and squanders a valuable resource (i.e., the information being released). As an analogy, think of the proto-typical sheriff of western lore. He only has so many bullets that he can use and thus he uses them wisely, saving them for the most opportune time. Likewise, your PR’s should not be wasted; they should be utilized to maximum effectiveness. After you have announced your new trading symbol and successful move to the OTCBB you can begin to judiciously release information via PR’s. As you know, there will be an initial surge of interest in PBLS upon listing on the OTCBB (whether it is positive will be determined by the financials, including share structure.) You will want to continue to support investor interest, confidence and momentum via the release of positive and –hopefully- exciting information. The goal is not to have a spike in the share price of PBLS stock, but to establish a higher base price for said stock that is sustainable and will thus provide a higher base for future price appreciations.
-----------------------------------------------------------

Updated

Ren + Partner 5.6M
Pun Group 17M+
MrDale 500K
yyin 3.3M
stillwet+INDIANA 40-50M
helio group 17M
bag 1.8M
pan 2M
green 4M+
mick 2M
gnulnx 2M
tedwitt group 15M
Jambam group 75-100M
sff 2M
wjg 1M
dlaser+bro 750K
tt 1.8M
TTR+friends 8M
niko 4M+
dcbass 640K
whirl 3.1M
pan 2.185M
mark2 1M
small 3M
steve the pirate 450k
Dino 10.6M

PR firm Osprey 15M

Total 238-273M

Thank you for the reply. FWIW, many (though not all) shareholders have been less than satisfied wiht Osprey's performance. In fact, I posted last August that I was not impressed with Mulshine's effort on behalf or PBLS and no longer waste my time speaking with him. However, I do speak with Paul and Ron and will raise this issue with them. I will also try to speak with their in-house expert on SEC/filing issues.

Dino

Mr. Pastorius... In message #29817 you wrote:

"That is What I have been saying all along is that , since we agree that they sold shares into the Katrina spike, they had done so illegaly, since they filed neither a form D or a registration statement.
Now here is my point. IF they are to file audited financials, they would have to ADMIT to selling shares INTO THE KATRINA SPIKE, (as you clearly agree that they have)without a registration statement, or form D, that opens up a can of worms like no ones business. Admitting illegal financial activities in an audit does not immunize yourself against proSECution.
THIS is why I continue to doubt they will ever file"

I'm curious if you have ever discussed the matter mentioned in your post with either Paul Alonzo or Ron Blackburn? If so, would you mind sharing their replies? If not, why did you not contact them regarding such a critical issue?

TIA,
Dino

I've been lurking for awhile and will be speaking with Paul and Ron in the next week or so. If you could ask them one or two questions, what would you ask?

TIA,
Dino

I'm not the greatest at reading balance sheets and 10QSB filings, but the recent filing doesn't inspire a ton of confidence. Granted, compared to blackout, it's great! I'd love to hear from those of you who are more experienced than I am regarding the recent filings. It appears that Michelex has been juggling (e.g., selling assets, refinancing, taking out mortgages) quite a few balls just to stay solvent. Also, they are also showing net losses on sales. Below is a excerpt from the the recent filing. I'm not a large shareholder (650K shares), but I still hope to make a little bit of money down the road. I'd love to hear why you are bullish and how you expect Michelex to become profitable (which I believe is key to a sustained increase in share price). I'm not trying to be negative, I'd just like to hear some reasoned arguements for belief that the company will be profitable and will not always be a few missed payments from more calamity.

TIA,
Dino

NOTE 9 - MANAGEMENT’S PLAN OF OPERATION AND GOING CONCERN MATTERS


The Company has reported losses from operations for the last two years. In addition, the Company has a working capital deficiency, a deficiency in stockholders’ equity and has been notified by its lender that it is in default of its credit facility. The Company has also not paid many of its other obligations in a timely manner.


During 2005 and 2006, we have made a significant effort to obtain additional financing. These financings have included the mortgaging of certain properties, the obtaining of additional lines of credit and the factoring of its receivables. We have also refinanced a number of its equipment and properties in what it believes will be beneficial to its future cash flow. In addition, a number of the debenture issuances have been converted into common stock.


The financial statements have been prepared assuming Company is able to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of assets or liabilities that might be necessary should the Company be unable to continue as a going concern.

Personally, I'd just as soon have them hold off on meaningful press releases until after they file. They could PR that they have just acquired GE and Exxon-Mobil and the market would still be non-plussed!

Dino

PS...and for many people the first thought would be 'DILUTION'! ;)

GNULX,

Concerning share structure, I hope they have re-purchased additional shares (thus not 'restricted' per se) which would reduce the float even more than many have hypothesized. Then when the filings/financials hit, it will be much easier for a nice, long run to occur.

GLTA,
Dino

I guess I'm in the minority and I hope I'm wrong, but I still don't expect to see a sustained share price above 3-4 cents until the filing and audited financials are released. JMHO

GLTA,
Dino

PS...Of course, if this PR gets the pps back up in the .02's it will at least provide a higher base from which to build upon.

PSS...Finally, I was hoping we would stay down until I hit it big with another stock so that I could buy another 10 million shares LOL Selfish, I know ;)

RE: Today's PR

It would have been nice to keep this PR in their pocket and release it AFTER the release of financials to keep momentum going. Unfortunately, they obviously felt the need to release it now in an attempt to stop the slide in the share price. Personally, I would like to see them not release PR's until after they release the financials. The investment community has spoken loud and clear: We don't care what you PR, we want to see filings and share structure information, WE WANT TRANSPARENCY!

JMHO,
Dino

I have not called him. I assumed someone else would, lol. Also, I prefer to speak with Paul or Ron rather than Mike. I've not been impressed with Mr. Mulshine.

FWIW, I've been meaning to write a letter to Paul/Ron suggesting that they try to hold off on putting out PR's until after they complete the filing. They are not getting any traction/momo from the pr's as the investment community has made it known that transparency issues need to be resolved first. If you only have so many bullets, don't waste them! JMHO

http://www.macreport.net/

I've been getting a lot of pinksheet spam lately but I have not received anything related to PBLS (and I do watch for PBLS). How was PBLS 'pumped'? Did anyone receive anything? I performed a cursory search on the MAC Report website but could not find any evidence of a pr/pump campaign for PBLS.

IMHO, it doesn't really move (and stay somewhat higher) until the filing is completed. That assumes that the share structure and financials look good. Of course, there could always be some type of short-term momo spike, but over the last year we've really only had two spikes. The first was Katrina related and I honestly don't remember what caused the second (though it might have been rebuilding/dirt related). Given that so many other pinkies (which by definition have 'transparency issues') run, it is rather surprising that PBLS hasn't received more sustained investor attention. I just have the sense that PBLS won't really 'catch on' until the transparency issues are resolved.

His name was spelled correctly in the email that I received and the return address was correct. Given Paul's invoking the old 'quiet period' line the other day, sending out the pictures was not a great move IMHO. It looks desperate and/or amateurish. JMHO.

Dino

I updated my post with more venting...lol. Pics were part of an email from Mulshine. View post #20377

I just shook my head when I viewed Mulshine's email. Shiny jets...so what? What really matters is share structure and NET EARNINGS, not shiny jets or drilling permits or gross revenues. I assume they emailed the pic of shiny jets to try to help stop the slide in the share price. Ridiculous...do they think investors are going to ooh and ah over photos of jets? What next, a photo of an oil rig? They need to act like a real company, not a typical stinky-pinky. I don't know who's idea it was to have Mulshine send out the pics, but he should have known that it makes PBLS look amateurish. JMHO.

Dino

PS...I'm still long. I just needed to vent. I will also admit that I have not been a fan of Mulshine's efforts with PBLS. Let's just hope that filings and audits are finished soon, the numbers look good and they have good pr's to release as follow-ups to the filing.

Board Issues:

The only 'issue' that I have with this board is that I have to wade/skip through way too much personal/'insider' chit-chat that has nothing to do with PBLS or investing. Unfortunately, that is the way many (most?) of these boards are. It would be much better if posters would use private messages for their ongoing non-PBLS messages. If I-Hub allowed for cc's on private messages, maybe posters would be more willing to go private.

JMHO

Excellent points. Honestly, I thought it was best to serve up some softballs rather than hold Paul's feet to the fire when I asked my questions. Can you imagine how he would have answered the questions you listed and the reaction to said answers? ;)

I think we all agree that as much information as feasibly possible should be released asap concerning share structure, debt, etc. Unfortunately, as we all know, unless the pps craters, Paul is not going to be forced/badgered into releasing information if he is not comfortable (or able) to do so. So we either sell, sell and hope to buy back in time or hold. Yes, it is very frustrating, but we have limited recourse. Personally, I'm going to hold, but I understand why some may want to sell if they are looking for a quick profit.

GLTA,
Dino

I just left a message with Ron and suggested that he bring mn1 up-to-speed on the PBLS story. IMHO, some of the mn1 on-air personnel could be great assets to have, but they need to know what PBLS is and what they do.

I'm done with this typing...have a great day all.

Dino

Thanks...I meant post the link over at mn1...but I have been able to log on over there and I posted the link on two of their forums.

Success...I just posted a link to the PBLS website on some mn1 forums.

Dino

I can't seem to log-in to the mn1 forums. If anyone can, please post the link to the PBLS website on the mn1 forums.

Thanks,
Dino

I just sent mn1 the link for the PBLS website. Send an email to mn1 asking them to post a link to PBLS and asking them to have Paul back on. Actually, I'd still prefer to have Ron or Paul and Ron.

Dino

I just called Paul and suggested that PBLS bring the mn1 people up-to-speed on what PBLS is. He says that is already in the works. He also said that there should be more good news coming this fall. He is clear that he won't commit to any time-frame for filing/transparency, but that he will get it done. I understand that he can't commit and I won't badger him about it.

Dino

Did anyone stay on afterwards when they took feedback calls? I got on and pumped PBLS extensively, but I was honest and mentioned that it won't really take off (IMHO) until filing and transparency issues are resolved. I mentioned the new PBLS website and the interviewer mentioned that he looked at it yesterday and liked it.

Damn...PBLS website is down!!! Let's keep after Paul and Ron to get mn1 informtation and links!

Dino

I'm going to call Paul and suggest that he talk with mn1 back-channel and provide them more info on what PBLS is.

Keep going Paul....he's pulling it out of the fire....but still, I don't think we really take off until we get transparency/filing issues taken care of.

Thank God Paul stayed on, as he didn't do much to provide 'security', now he's doing much better!

I tried to steer him into providing info for newbies rather than beat him up.

I just called in and I'm on hold.

No stories!!!!

Talk about PBLS, not NO!!!!!!

Way off track.....where's the focus??????

Come on....

Stop the life-story and drivel!

Like everyone else, I hope PA does a good job tomorrow. I'd feel more comfortable if Ron was doing the interview. IMHO, Ron is more investor friendly/savvy and a better communicator than Paul. Paul sometimes gives the impression that it's his company and if you don't like it, too bad. That's fine if you have investors fighting each other to get limited shares, it's not so great if your company is a pinky with transparency issues. Hopefully he will address transparency issues in his interview.

Anyway, let's all keep our fingers crossed!

GLTA,
Dino

This has been a scam pos from the beginning. I lost a ton of money....but I learned a valuable lesson.

GLTA

RE: Move to AMEX

When I spoke with Ron last week, we got around to talking about future listing options. I asked if they were thinking about just skipping listing on AMEX and going to NASDAQ WHEN the time comes. He mentioned that the time was still way off (which it is, until -hopefully- the share price goes up and stays up). For the time being, they really need to focus on getting off of the pinks. Oh, and focus on earnings, too ;)

JMHO,

Dino

Roach wrote:
DAKOTA formation,Natrona County, Powder River basin

Do you know if their focus is on oil, gas or both?

Thanks,
Dino

ASUS,

Thanks for the update. It appears that Paul has learned not to provide 'information' that may come back to haunt him....and that is a good thing.

GLTA,
Dino