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Exactly my point Ren.
I know Monday will be a tough day, but after that it needs to die down fast. No need to call the TA everyday.
I vote:
master and Ren.
Good point.
But I'd certainly hate to work at Atlas on Monday morning. How many phone calls do you think they will get the first day?
Hopefully it will die down after that.
Starting Monday
we can put an end to all the speculation. We can check with the transfer agent to find out if PBLS is selling shares and we can look at daily volume to see if the partner is buying.
If they sell well the partner buy's then the price shouldn't budge to much...unless of course they catch the attention of system, day, and momentum traders with the huge increase in volume.
I'd hope that everyone doesn't overwhelm the TA with phone calls after Monday. Weekly calls by the moderators of the board should be enough. They can post it and everyone can see.
Transparency is a beautiful thing. That combined with trust will move a penny stock more than anything else. Eventually fully audited numbers will likely happen, but I still think that is a ways off.
I bet you are right.
Of course I made that statement after the fact.
It appears that someone is finally forcing Paul Alonzo to do the things that actually matter. FINALLY
Jam that's great news.
I've heard something similar. Let's see if this turns out to be true.
There are a few basic and simple things PBLS can do to ensure investors confidence.
1) release the TA.
2) release details.
If we can see actual details about this new deal then that may very well cary more weight than the TA ungagging.
Whirl not only that
but they could easily squash a lot of fears that many of us have if they did this. You know just one single act of good faith (the TA ungag) would go along ways to removing the chasm between company and shareholders.
Someone believed something at the end of the day. that was a good bit of volume pouring in..
dcbass
I appreciate your opinion and everyone elses for that matter. This is a sticky subject that should not be taken lightly...by anyone
The problem is they have had plenty of time. You are right...if they do everything they have promised then it will be a great day for shareholders. Problem is they haven't done much of anything they have promised over the last few years. Ok yes they have done some of it, but there is an awfull lot of things they have pr'd that have never come to pass.
Believe me I'd rather this get resolved without the SEC as well...but my point is there will always be someone saying give them more time to make good.
They may do what's right, but if history has any say in the matter then they won't do anything but more misdirection and misleading IMO.
So just out of curiosty out what point do you personally draw the line? At what point do you say now the've gone to far? Others can answer as well, but I want to know when investors are tired of broken promises?
OT My wife.
Calls PBLS a soap opera for men.
She says were are like a bunch of hens calling each other to get the latest gossip and then bickering on the boards..
I think she might be right!.
FMI I can't argue that.
But it does remind me of little kids arguing. Well your companny sucks...no your company sucks...nope your sucks worse...yadda, yadda, ydaa.
Say what you want on the boards, but I know your real sentiment and it's not holding this long. PBLS has failed to keep more promises than you or I either one care to count. Wasn't it you that posted something on RB about Ron Blackburn needing to watch his back during his later years? Yeah it seems vaugly familiar...ah here it is:
"Ron Blackburn has told me to relax sit back and we'll all be rich so, I listened and watched my account dwindle. If he has said it to me he said it to many so if he lied then he will most likely be attacked. What guy who just got married at 60 needs to be looking over his shoulder his last days??? They must have a game plan now lets see it and put all this nonsense to rest."
http://ragingbull.quote.com/mboard/boards.cgi?board=PBLS&read=80329
BTW I'm pretty sure RLTR never prmised to be a "current info" provider. But then who cares? Isn't that discussion supposed to be on the RLTR board? Isn't this board supposed to be about PBLS?
Interesting Post from another board
The person looked up the new pinksheet rating for the ihub top 10.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21719724&txt2find=pbls+
master
I agree with chilar. If we were to do this the way to do it is collectivly hire legal council. Then we have our lawyer tell PBLS that we are holding an informal shareholder meeting and that we'd like to extend an invitation to them as well, but that regardless we are hainvg it.
At this meeting would could have a lawyer verify and document share counts of all the investors present. There are plenty of details that have to be filled in, but I thinkk something along these lines is a good start.
Personally I think we should start a process like this sooner as opposed to later. These things take time to put together and I'd just as soon have them know that the investors have banned together and are about to start fighting back if PBLS doesn't follow through on past promises. No harm in finding out just how much of this company we shareholders actually own IMO.
Can you believe we've had about 12M shares trade since 2 days ago when we announced the company would more than double in size and that a mystery partner would buy "well over 1B shares". That in and of itself is a good message, but not good enough. We need to send the message that we aren't afraid of getting the SEC involved if it means getting our company run by real management.
I know everyone is scared of the SEC and rightfully so. But even if PBLS gets greysheeted for a time it's not really that big of a concern...IT'S A REAL COMPANY. If there was an investigation and current management was found guilty of any wrong doing there are probably lot's of scenarios that could unfold that would benifit shareholders planning to hold this long term. What if we got to elect the board of directors? What if it was determined the pref III were unfair compensation and forced into retirment? What if this allowed a buyout to take place by a company that actually did care about the pps?
What if indeed.
Tedwit
That's so yesterday! :)
LOL
Yeah that's about how I figure it would all play out as well!
PBLS
What more is there to say?
AT LEAST they told
us BEFORE they did it this time....for what that's worth.
Yep 100%
The Nevada SOS has been updated here:
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=OC%252fek5CzwFAul0UF%252fLVRFg%253d%253d
I think board mood on PBLS
over the last couple of weeks has been nastier than I've seen in about a year. A lot of longs having a hard time believing what they say in the last pr.
Funny thing is most of us longs in PBLS are just to hard headed to sell our shares for peanuts. I think subpenny is coming if we don't get some meat with our potatoes.
Scary when you own more shares than the daily volume after the promise of a partner buying 1B shares. I think PBLS has scared away a lot of penny traders. It will take a lot more than vague promises to convince new blood to enter this position.
Even the swing trades on PBLS as slowly deteriorating. Pretty soon you will see a flat line on the pps if they don't begin to give us the meat. All in my opinion of course.
sff one good thing
is that they aren't showing 20M in pretax profit like they one time claimed as a possibility in a pr. At least they are showing what appears to be fairly low numbers considering what we claim to have.
Every week that goes by PBLS appears to open up a little bit more. Every week investors say not enough. The disdain they have for investors is fairly obvious at this point. How many of us over the last few years have called and pleaded, emailed, snail mailed, and posted to message boards asking for the TA to be ungagged? Well if the OS is fully diluted then why aren't they doing this? The answer is very very simply. They want to be able to sell shares without investors knowing when In My Opinion. Well it doesn't look like anyone is buying especially our mystery partner.
Trying to be optimistic about the latest pr, but my gut is still turning from all the shenanigans from the last 1.5 years. I don't think any of us question weather or not PBLS has a real business, but real business with shady management equals stagnate portfolio returns.
I suppose tomorrow we all have the same choice we had today. Buy, Sell, Hold. I'll be holding. this company is real. Eventually management does what's right or eventually they are found guilty of fraud and a new board is elected. We might be here 5 years for a good return or it might be 5 days.
All of that is MY OPINION. Nothing more and nothing less.
Volume is Amazing.
I guess it's safe to say they aren't trying to buy a very large portion of shares today now are they?
Ren,
Your not suggesting that this company will aquire those shares by then I know! I think you are right though. There is always a reason for everything. I don't think August 10th is arbitrary anymore than I think 6 cents for the preffered deal was arbitrary.
Well time to get my butt in gear for the day job.
I agree with that.
If all of this istrue then this is without a doubt the biggest pr we have seen.
So what kind of time line does "The Rumor" have for our mystery partner to aquire this huge number of shares? I'd assume they want to do it sooner while the price is low, but then to much volume pressure and you attract the attention of the day trader and momentum crowds.
Also at some point this company will own a large enough percentage of shares that they will have to file SEC documents I'd think. I think it's 5%, but I'd have to check that to be sure.
I still say there is no way to bid wack yourself to a billion shares. If someone is going to be buying a billion shares over the next couple of years then the price is going to have to move up.
Jim no doubt.
I'd assume more answers will be here in the next couple of days. Plus more numbers within two weeks. Perhaps the TA will finally be ungagged once the new partner aquires all their shares...how long will that take I wonder?
And not only that
but what if a large portion of common shares were "converted" into the pref III shares? Then factor in all the people that send in for the 6 cent deal. Then perhaps the float is actually pretty small. However they are authorizing a significant amount of new shares. 750M. I'm assuming that's mostly to sell to the new partners.
It all really depends what color glasses you use to view PBLS. With rose colored glasses the sky is the limit. With shades on things look a little more sinister.
About the only certainty is that ALL of us have more questions now than we did before.
Oldeck I agree with that.
My initial reaction to the pr was not to good. But after speaking with a few people and mulling it over I think it's potentially very good for shareholders...but that assumption is that everything in the last pr is true.
Must of my good feeling comes from the fact that a big partner will force PBLS to do the right thing. I still have a fair amount of disdain for management and the way they treated investors. However if they get this pps up over 10 cents permanently then I "forgive" them..or forget about them.
For now there is still an awful lot of unanswered questions and I think we hang around 1-3 cents until all the details of the share structure are made public...if they ever are.
interesting.
Following that speculation what if the new partner was planning on buying a billion shares and then adding enough assets to PBLS to make it trade high enough to make a move off the pinks and OTC?
Sure would be nice...
I'm very curious as to what pr's are coming next week. My bet is they issued that pr on a Friday evening for a reason.
Is our time finally coming?
Any speculation on
this statement?
"As part of the Company's agreement with its new venture partners, many companies they currently own will be placed into the Phoenix group of companies to allow growth and expansion far beyond the current abilities of Phoenix and far beyond the physical boundaries currently supplied by Phoenix."
well my bad.
Guess I should go back to school and re-learn to read. Cause I don't see anything like that in there.
Guess you are right and I'm wrong. We will all be millionairs very soon now right? Thanks for showing my errors and making me rich!
GO PBLS!!!!!!!!!!!!!!!
FMI
My GTC do eventually cancel...but not in 1 day. I use tdameritrade. I know the pr didn't say anything about 48 cents. Try reading classes.
bob good catch.
However I stand by the 4 cents for this reason. PBLS hasn't done anything to earn enough trust to warrant any multiple. Over the next couple of years if they become transparent and continue to report financials that are increasing EPS then yes a multiple of 10 or so may be warranted. This is why I said I'll be holding a few million shares for years to come.
Also as we all know pinksheet stocks tend to trade violently. Eventually PBLS will likely have another violent trade in the upward direction. I'm sure PBLS will see 5-10 cents on spikes. I just don't know that it will be "soon".
I'd expect the immediate future to hold a dip sub penny, but I'd warmly welcome a correction to the upside.
Have a good weekend everyone.
My take.
I see this as both positive and negative.
The negative
The first thing that obviously scares the bejesus out of me is the increase in AS. You see if they had done what they were supposed to do with the shares then we wouldn't be in this mess because we should have already had 1B shares for this new partner.
Also they say that current pps is about 25% of what it should be with this statement:
"Phoenix estimates that its stock is currently trading for less than one quarter of its net worth value per share."
What? I thought, wait, I know I've heard Ron Blackburn tell me that the current price should be 25-30 cents and looking into the future multiple dollars? So now we are worth a measly 4 cents?
I still don't see a break down of the share structure. But at least now I can potentially see why. Maybe. Time will tell. For starters how many of the 1B shares have already been purchased on the cheap because the TA was gagged? I mean it's not like this company is going to be buying 1B shares and running the price up for all us common shareholders to exit now are they?
The Good.
They took care of the preferred share holders. I figured they would do this as a way to punish those of us that didn't take the offer.
We have potentially big partners moving in...but again no details. I mean not even a name.
So my take is that they may very well be taking care of the preferred share holders, but it sounds like they will continue to use common shares as an ATM machine. I guess I'd like to see a lot of the legal documents around these deals? If I was a company committing to buying 1B shares I'd sure as hell want an agreement in place that stops them from ever increasing the AS again...permanently.
So part of me is excited because we've heard the rumors about this pr for oh about 6 months now. Part of me is very skeptical because I've been around for a year and a half now and I still don't see them giving any "REAL" meat on the pr. Also transparency is no greater today than it was yesterday....of course that can all change very quickly. I'd guess once the new partner acquires their 1B shares true transparency will occur. The problem with that is that us common folk will now be competing to sell our shares with a partner holding 1B shares.
I guess it's a question of is the glass half empty or half full. My skeptical side say's it's still half empty..my greedy side say it's full.
I accidentally bought 500k shares on Friday at 1.2 cents. I had a long standing GTC order that I had forgotten about that filled. Had I realized that order was still set I would have cancelled it. So here I stand with 6M shares of PBLS which is about to have 2.5B shares of common stock. If PBLS reaches a true fair value of 4 cents as they claim then I can walk away with a cool quarter of a million dollars. Not bad but...but that was a lot off risk associated with owning this company over the last year and a half. Truth is I'll still be around holding several million shares of PBLS for years to come. why? Well because as much as I don't like the way they treat shareholders I like the way they have taken advantage of an opportunity to grow this company. Hopefully at some point in time enough pressure will be put on PBLS to completely open up and we can have a real fair value. I don't think we will ever move past the OTC without a reverse split now. 2.5 billion shares is a lot. We won't trade in the dollars or even past a dime now. At least not for a long while. On the positive side GE has over 10B shares and they are trading at 38 dollars. Didn't Paul Alonzo mention growing PBLS like GE at one point in time?
pnew that was ren's comment
But that sorta proves my point.
I know people without big wallets..aka accredited..that were offered private placements in this stock. Unless I have completely misunderstood.
Anyway it's really a mute point. If it happened it happened. I just want them to keep their promises. Mulshine told me they would be ungagging the TA soon after the release of numbers last month.
I wonder if they even understand their own share structure?
Edit Ren,
I agree somewhat, escept about the private placement. While I don't have time to get legal docs for it I can point you to a wiki. Also I've had numerous discussions with our in-house attorney who works for the venture capital firm that funds us about inesting in our company. The answer is always the same. Only accredited investors can invest at this stage. Also our firm doesn't want a lot of investors until we go public...if we do.
http://en.wikipedia.org/wiki/Private_placement
I agree that selling into the Katrina spike was very ver smart. No problem with that. I've always said that. BUT IT WAS THEM SELLING. THEY WERE TELLING PEOPLE AT THAT TIME THAT THEY WEREN'T. That's wrong.
"If and when it is demonstrated that they were selling into the open market during a buy back, I will personally sell all of my shares and move on to other investments."
I suggest you open your eyes. How do you think the OS went from under 400M to around 800M in a year? I can buy that alot of the 800-1.75B shares are locked up in some sorta of voodoo pref III shares, but before that we didn't use 400M shares for purchases. They sold shares. The proof is in the chart. Of course you can argue that they never sold and bought in the same day...that's probably true. But convincing shareholders that they are reducing the float through buy backs while at the same time fully diluting the OS is misleading at best.
Of course PBLS could issue a nice pr compeltly detailing what happened to the shares over the last two years....wonder why they don't.
(Unecassary comment removed)
My responses from Ron about the gagged TA.
1) We gagged the TA because investors were harasing the TA.
2) Our legal council advised us to leave it gagged while we worked on audited financials...I was also told that they had spend about 1.5 million on the audits a year ago.
3) Our new legal council said we could ungag the TA, but we don't want to.
Of course these possible conversation are only in my opinion and I would never say that Ron Blackburn actually said these things...especially since they have a lawsuit hungry attorney...which is also only my opinion.
Personally I think the truth is they did some illegal private placement deals....I know for a fact that some of the people in these deals were not accredited. To boot they also sold a lot of shares, and Ren before you say I can't prove that I say you are right. I'm only saying what I was told by Ron...perhaps it was a dream conversation. However they did sell shares and that is a fact. The OS was under 400M at one point and Ron told me it was around 800M at another point...after Katrina. They sold shares into Katrina and they did this all the while saying there were buying them back.
Of course this is all still in my own imaginary opinion and it has nothing to do with countless hours of due diligence and phone calls with people in several divisions of this company. Most likely I'm just someone bashing to get the stock lower so I can buy more.
Cheers
Ren,
We can agree to disagree then. I think Fraud is very evident and I'm not alone in this line of thinking. I also haven't jumped ship. I'm not going to rehash everything that is wrong with this stock. What's the point the post would only be deleted. I suppose I could get a new ID and post it, but again what's the point.
If you don't feel as though this company has been scamming that that is you opinion. As for the snake oil salesmen you mention I don't hold them accountable nearly as much as I do PA and RB.
Just remember I'm not the one that made all the unfilled promises in past pr's. That was Paul and Ron. While the snake oils salesmen ceretainly did a lot of cold calling to pump investors I don't believe he was an employee of the company at that time...I could very well be wrong on that.
BTW You are right. They can legally gag the TA and other such things. That's not fraud. However saying you aren't selling shares when you are is. Telling investors that the full capilatization structure will be made public very soon when it won't...is, Also Ron has mad a lot of claims to people on the phone that were untrue. I can't prove it, but I know what I've personally been told. Of course they have the disclaimer at the bottom of every pr. This allows them to make HUGE claims and not follow through. However the SEC won't see it the same way.
The funny thing is the other mods defend PBLS all the while I know they are simply waiting to get out...BECAUSE they told me that.
So I get the boot for calling it like I see it an deveryone applauds. Now we people running the show praising PBLS when I know good and well they don't support this company.
So Ren I'm not taking offense to your post. I just want you to open your eyes a little. Everything is not all right in Kansas.
And lastly...Obviously the market agrees with at least a portion of what I'm saying since the price hasn't move on today's numbers. This company has dropped the ball big time. It will take a year or more to recover...or they will have to explain EVERYTHING they have done. Personally I don't think they will do this because if what I believe is true then they would be facing criminal charges.
BTW. I'll cross post this to RB just in case it's deleted.
That's not true.
If all shareholders simply ignore the truth then PBLS can continue to do what they do. The best thing that could happen here is for the price to drop to a point that managment would have to try somethign different.
In other words as long as they can make money selling stock why would they quit?
This company needs to be bashed and the SEC needs to halt trading while they investigate manamgement for fraud. Of course this post is only my opinion.
Can you give an example
of pinksheet companies that trade on average witha PE of 10?
Any idea what this is?
PBLS — Phoenix Associates Land Syndicate
Com ($0.001)
Primary Venue: Pink Sheets / PiggyBack Qualified
who's been on schedule?
PBLS sure hasn't. They were supposed to be compliant a month ago. Pinksheets has also extended their time frame out.
I'm actually pretty easy to satisfy.
You either get a happy face or a skull and cross bones.
To get a happy face you
1) Release audted numbers every quarter.
2) TA remains ungagged at all times.
Anything less get's a skull and cross bones.
I'd also through in that if you fall out of compliance it takes 1 year before compliance can be reinstated.