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Here's a link to an article regarding the Bakken Formation in Wyoming. Notice the insert showing the front page of the Wall Street Journal article that I previously referenced. As noted in the link (and in the WSJ article), newer operators are 'working the fringes'.
http://www2.aapg.org/explorer/2006/06jun/findley.cfm
GLTA,
Dino
PS...Please realize that I do not know if PBLS is even drilling in the area of this formation. I just find it interesting and hope that maybe some posters with more expertise will provide additional information.
It appears that Mulshine has confirmed what I opined in my two posts from yesterday concerning the filing not being completed by the end of the month. If that is the case, it makes sense to release information regarding the share structure BEFORE the filing (i.e., asap) in order to lessen any possible negative market reaction to the -supposedly- 'late' filing.
Again, IMHO, nothing for longs to be overly concerned about. But, my opinion and 25 cents won't even get you a cup of coffee ;)
GLTA,
Dino
Oil Information and a question for those looking into the Wyoming Lease:
Is the lease area part of the 'Bakken' Formation?
At the end of this message, I have included the text of a post that I made two months ago regarding this subject. I'm curious, did anyone bother to look up the article ;) It was quite interesting. It appears that the oil in this incredibly large formation was 'missed' by all of the large operators. Why? Because the oil is found in a relatively thin horizontal layer. It appears that the prospectors 'drilled right through' the deposit as they were using the standard vertical drilling techniques. What apparently is required is vertical drilling down to the horizontal layer where the oil resides and then for the drilling to be done horizontally along the formation.
PBLS acquired Ideal Energy Drilling earlier this year. This is from a PBLS PR dated 3/29/200:
"Ideal Energy Directional Drilling, is a rapidly expanding drilling company with an experienced staff of directional drillers and planning support personnel."
I believe that 'directional drilling' means the ability to drill 'non-vertically'. I'm sure I'm over-simplifying and hope that other posters with experience in these matters will provide appropriate comments.
Again, I do hope that some of you will make it over to your library (as it is not availabel online) and read the article that I posted about.
GLTA,
Dino
Here is a copy of my post from 4/5/2006:
Interesting front-page article in today's (Wed, 4/5) Wall Street Journal regarding oil drilling in Wyoming and the Dakota's. Focus was on the small operators (especially one) who have secured most of the leases after the big guys gave up on the area and the use of horizontal drilling techniques. A very interesting read.
What does it all mean?
IMHO, today's PR is an attempt by PBLS to provide some hand-holding to nervous share-holders IN CASE said share-holders are put-off by the terms of any forthcoming acquisitions OR changes in the share-structure OR a delay in filing (which would adversely affect the recent positive momentum). It is also possible that the announced buy-back is part of an on-going acquisition process.
Am I going to call Ron or Paul immediately? Nope. I really don't care what happens short-term. Okay, that is a lie. Personally, I'd love to see a horrendous short-term dip so that I could purchase additional shares 'on-the-cheap'. The announced buy-back is actually bad news for me personally (in the short-term) as it will prevent the pps from falling as far as it might have IF there is a short-term change in investor sentiment.
GLTA, I'm off to run my dog in the River and enjoy my life and not worry about short-term fluctuations in PBLS' share price. I'm not trying to be smug, as I know that for day-traders and frequent flippers, news and changes in the trend require attention and analysis. I guess that's why I try not to day-trade and flip, so I can play with my children and dog and try to enjoy living while I still can ;)
GLTA,
Dino
GLTA, I'm off to run my dog in the river and enjoy my life and not worry about short-term fluctuations in PBLS' share price. I'm not trying to be smug, as I know that for day-traders and frequent flippers, news and changes in the trend require attention and analysis. I guess that's why I try not to day-trade and flip, so I can play with my children and dog and try to enjoy living while I still can ;)
GLTA,
Dino
FWIW, I've been holding 10.5+ million shares since last summer. I spoke with Ron last week. I almost posted after that conversation and now wish that I had. IMHO, here's the relevant information from our conversation:
* They are working on another large acquisition (Oil/Gas) but are attempting to negotiate more favorable terms.
* Filing process is taking longer than expected. This is due to the accountants and lawyers taking longer than expected to complete their work after having under-estimated how complicated PBLS situation is. The process of reporting is not being slowed down in order to allow time for more acquisitions. He wished that PBLS never gave out a 'date' or 'deadline' for filing to be completed.
I did not specifically ask Ron if the filing would be done by the end of June. Honestly, I do not think he actually knows. IMHO, I would not be surprised if the filing is not completed by the end of June. This is only MY OPINION. I was thinking of posting something similar to this just in case the filing is not completed so that people might change their expectations regarding a filing. As we all know, the pps had been rising and IMHO, it was due to expectations of imminent PR's regarding filing and acquisitions. IF the filing is 'delayed' (according to 'market expectations') then it would be reasonable (IMHO) to see a drop in the pps as short-termers take profits and move to other 'hotter' (in the short-term) stocks.
Personally, I still feel bullish long-term. Short-term? I have no idea. If I could make accurate short-term stock predictions, I would be lounging on some island and living off dividends and not posting here ;)
Do your own analysis and make up your own mind. Everyone has different needs and time-frames that they must analyze.
GLTA,
Dino
PS...ASUS or anyone else who has a relationship with Ron, feel free to confirm with Ron that I am a reasonably large share-holder. I rarely speak with Paul as I feel that Ron has a better 'feel' for investor-related issues.
Where did you receive information that the financials will be 'audited'? It was my understanding in the past that the financial statements will not be 'audited', but I could be mistaken.
TIA,
Dino
Interesting front-page article in today's (Wed, 4/5) Wall Street Journal regarding oil drilling in Wyoming and the Dakota's. Focus was on the small operators (especially one) who have secured most of the leases after the big guys gave up on the area and the use of horizontal drilling techniques. A very interesting read.
Dino
PS...Article is only available online to subscribers...
Heck, I haven't even DREAMED about a $2.45 share price! IMHO, we don't maintain a higher pps until audited financials (assuming they are good)/SEC filings and listing are posted and verified. I think any blockbuster PR's will just cause spikes until the investment community believes that PBLS is legitimate. Legitimacy will not be automatically conferred with audited financials (think Enron) and SEC filings, but I do believe that they are a NECESSARY FIRST STEP.
GLTA,
Dino
I'm rich! Oooops...not yet....I logged onto my Ameritrade account this morning and my PBLS holdings were at $26million! Hmm, $2.45 per share...no automatic emails for PBLS news....let me check out I-Hub and see what might have accounted for this...don't see anything there....let me log onto Alphatrade....hmmm, .0245 that makes sense....
oh well....
GLTA,
Dino (long and strong)
Regarding large shareholders (who might sell), it is my understanding that excluding company insiders there are few 'large' shareholders. A gentleman from CA supposedly has around 30million shares, but he has had those shares for quite some time. I used to be one of the larger non-insider shareholders (I’m not sure if I still am) and I only have 10.7 million shares.
I believe that PBLS was recently going to analyze the breakdown of share ownership but I have not spoken with them in the past week so I do not know if that analysis has been completed.
GLTA,
D. Sawyer
PS…FWIW, I’m long, though I may try to flip a few million shares along the –hoped for- ride up to a much higher price.
Hello All,
I'm a long-term holder of quite a large chunk of PBLS. I haven't checked the boards for months but have recently taken a look both here and on RB. Many of the concerns/issues that have been raised our valid. After the break, I will add my two cents to the discussion. In essence, it is imperative that long-term shareholders do everything possible to make PBLS management understand the importance of transparency and professionalism in their interactions with the investing public. Also, we need to be proactive regarding the issue of dilution and our concerns relative to Reverse Splits.
Merry Christmas and Happy Holidays,
Dino Sawyer
PS...Earlier today I posted a link to a web-page for an IR firm that does a fantastic job of presenting information in a professional manner. Please check it out (actually click on some of the firms that they handle on the left-hand side of the page and then check the plethora of information that they provide. Make sure that you check out the 'Virtual Investor Kit' link on each individual company's page) and let me know if you are aware of other IR firms that you think are professional (and that have penny stock clients).
http://www.hawkassociates.com/
Professional Looking IR Firm Page:
http://www.hawkassociates.com/
Click on on the client list and check out the links. Very professional looking...and penny stocks.....
PBLS...wish I had some spare $.... dropped way down on little volume...
PBLS...MM's trying a futile attempt to shake this down some...sure, it might work for a little while, but for the next few weeks, PBLS should be the 'little engine that could"!
GLTA,
Dino
REPEAL THE CAPITAL GAINS TAX NOW!!!!!!
;)
Congrats to all those making money....However, how do you plan to deal with short-term capital gains? Do any of you use "mark to market" accounting? What LEGAL manuevers do you use to lessen your tax burden?
TIA for any and all suggestions,
Dino
I stand corrected:
1) After speaking with Ron Blackburn at PBLS, it is my understanding that they will not list the full amount of depleteable property as an asset in their audited financials.
2) Outstanding shares are approximately 455 million, not 400 million.
Sorry for the mix-up.
Dino
PBLS...
It is my understanding that the depletable property (i.e., mineral, which is sand and gravel but does not even include dirt) valuation ($266,000,000) is based upon dated analysis. It is also my understanding that a new valuation will be completed as part of putting together audited financial statements and that the value should be at least $100,000,000 higher. They only carried about 10% of the $266million on this statement. My understanding is that they will be able to carry the full amount (approximately $360 million) on the audited statements. If that is the case, total assets would be around $379,000,000.
With an OS of 400million (many restricted shares, I do not know the exact amount) that gives a liquidated value of:
Total Assets / Outstanding Shares
$370,000,000 / 400,000,000 = .95
To everyone, do your own DD.
Dino
No idea. The company claims that they are not selling. I don't know why they would want to sell at these levels anyway. It spiked in April, that would have been the time to dump. I hope it's just MM's or some large shareholder trying to push the price down to buy cheapies. But the volume seems too low for that. I really have no idea!
GLTA...ESHIT won't fill my orders...
TS rebound...
TS Alert...claims Cornell not involved, and says BUY.
I would expect TS to release an alert today, usually when something crashes that is on his list, he puts out an alert with some information.
LOL...thanks...another pos of shit that I bought...oh well, I will hold and hope it's not a scam or incompetent management and that SOMEDAY something will happen.
I'm stuck holding a boat load of this....whatever, lol
what is happening with this? What is going on? Do they have ANY real deals in place? Heck, are they even producing anything?
TIA,
Dino
PBLS....They need to put out quarterly statements asap and not wait until SEC approval, and preferably audited statements. Then it will rocket, IMHO.
A measly 26 million float. I have to call Tom and BEG HIM to get off his arse and sell some big contracts and put out some revised revenues for next year. Geez, he needs to sign a contract with Amazon or BMG or Walmart....HE needs to save his bleeping company and MAKE NEWS! I will find the time to call him and give him some much needed ADVICE. LOL....hope he takes it.
GLTA,
Dino
FWIW, I have spoken with Ron Blackburn at PBLS and he claims that they are not dumping.
Ron,
Yes, I know some TA's won't do that. I suggested that they have their IR contact get the results each day and let investors get it directly from the IR contact. Of course, they could also just change TA's.
Dino
PS...Ron Blackburn seemed a little miffed when I mentioned that some people were wondering if they were diluting. I tried to explain that is why it is good to be transparent and freely give out share information. Of course, it doesn't help when they put out a wrong number for the IR contact. I again tried to explain that they are entering a new world of shareholder relations and they need to think of long-term investors as customers. We value transparency. I'm trying to convince him/PBLS to unify their pr's and growth under the umbrella of increasing shareholder value. They need to explain that they didn't even pay attention to pps in the past, but that they will be. They need to explain how they do acquistions (e.g., convertible shares w/ a 5 year window
PBLS...They are having some growing pains regarding how to communicate with investors. The TA won't give out share information (PBLS claims they have not gagged the TA), the phone number listed for the IR contact is wrong (but should be corrected soon) and no one was answering the phones at PBLS when I called. I spoke with Ron Blackburn of PBLS (I got him on his cell phone) and he is NOW aware of these glitches. IMHO, buy on dips and think long-term. This company is for real and they are just starting to realize what is involved in dealing with investors.
With all due respect, MSNC is a true POS. The company is ineptly run at best, and more likely a scam. Stay away. Heck, I have shares so it hurts me to turn away fools, er, investors who might drive the pps up so I can unload my stake. I was a fool to invest in this, don't make the same mistake.
FWIW, Here is a copy of my latest correspondence. If you have invested in this company, I would basically write off your investment and if it should happen to become viable, consider yourself very fortunate.
---------------------------------
Joel,
Thanks for the reply. May I ask how investors are supposed to know if the company has any revenues, gross or net profits, positive cash flow, debt, ability to remain solvent, etc? The company is a black hole as it is currently operating and will not be able to attract investors. Why should investors choose to invest their capital in MSNC? Please explain to me how MSNC plans on attracting investors.
Regards,
Dino
----- Original Message -----
From: Joel Gering
To: 'Dino Sawyer'
Sent: Thursday, June 16, 2005 12:39 PM
Subject: RE: I would appreciate a reply.
Hi Dino,
There is a very practical reason that the company doesn’t produce financial statements today. It would cost the company significant financial resources that are presently being used for business development and product development. Simple audits are done at the end of each year, to SEC requirements for pink sheet companies, but certainly not for reporting to the public. The company’s board chooses to go this route for now, knowing that investors would like to know greater details of the company’s financial position. Unfortunately, this is not possible right now.
Again, we CANNOT disclose the names of our clients, when they ask us not to do so, particularly when talking about a large, public corporation with deep legal pockets. It would jeopardize the future of Malers and would definitely bring about unnecessary legal problems for the company. Contracts are in hand and if the SEC chooses to check up on the company, these contracts will be fully verified. It would be totally irresponsible and counter-productive on the company’s part to disclose this information to the public, knowing that the client is opposed.
Regards,
Joel
--------------------------------------------------------------------------------
From: Dino Sawyer [
Sent: Tuesday, June 14, 2005 4:55 PM
To: malers-a@malers-automation.com
Subject: I would appreciate a reply.
Dear Mr. Luzon,
I spoke with you on the phone about two weeks ago and you told me that if I emailed you with my questions and concerns that you would respond. To date, I have not heard back from you. Below, I have attached copies of the two emails that I recently sent to you. I would appreciate a response.
Thank you,
Dino Sawyer
The problem with the PR is that it is typical of MSNC....it can not be independently verified. That is why most investors have decided to stay away from this stock. Most people still believe this is a scam or a variant of a scam. They refuse to provide information that can be independently verified.
Revenue! But that's a ways off. Favorable press would also help, as it might get some momentum going.
Run where? Into the .05's???
EZTO...MM's dropped it down .05 on two trades totalling less than $1000.
I hope it's not. But it is the last piece of the initial acquisitions that they have been pr'ing.
EZTO...looks like shake is over, couldn't shake enough loose as people were not selling.
MM shake or shorting or dilution or investor disinterest and lack of faith in Otto?
EZTO...MM shake or investor disinterest and lack of faith in company?