Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
sounds like this new pinksheet
thing will be a waste of time if that is how it will be run.
Let's all hope that is
the correct scenario. My concern is still why didn't they issue a pr explaining it something? It just seems like they are hiding something to me.
If they would offer that explanation I'd still want to know how they felt justified to 100M dollars in prefered shares?
You see that is the whole problem....so many unanswered questions. Questions that pbls is intentionally not answering because lord knows enough shareholders have email, called, begged and pleaded for the information. What are they hiding and why?
If this pans out it
will be the single best news for all stocks trading on us exchanges. It will also blow the doors wide open for future litigation against the brokerage houses. Perhaps, just perhaps, the little guys will finally get some justice.
Jam,
My apologies for making the assumption that you were John Hayden. Seriously my bad. However, I stand by my critisisms of the company.
LOL Elsie
I'd be lying if I said I was good at grammer...cause I'm not. But I'm even worse when I'm typing in a fury! lol
Sigh if IHUB would add a stinking spell checker I swear I'd use it!
LOL
Emails from company
The following set of emails was provided to me by another investors. He asked that I keep his name removed so I replaced it with Author.
"Email reply from PBLS:
Phoenix Associates Land Syndicate wrote:
> Author,
>
> We are in receipt of your email on the the subject of misleading New
> Releases. I felt it was my duty to respond to your assertations.
>
> First PBLS is a non fully reporting Pink Sheet Company , PBLS acts far
> more responsibly than any requirements to be at the level they are at.
> Secondly PBLS News Releases are as factual and accurate as we can
> possibly be. We own many companies, we have huge hard assets, we have
> hundreds of employees, we are growing and generate tens of millions of
> dollars in revenues.
We are sorry that you have lost faith in PBLS as we have repurchased
millions of shares of stock to try to support our stock prices. We
purchased back at .03 even after we closed our offer just to accommodate
shareholders that could not retrieve their certs in time to meet the
deadline. We have a offer to all shareholders for a .06 value on their
common stock for preferred stock.
>
> PBLS has no fear of scrutiny by anyone because we are real & if
> anything understated.
>
> I hope you will reconsider your harsh statements because they are
> unfounded, untrue and quite possibly libelous.
>
> I have forwarded your comments to our attorney for any action they
> might deem appropriate because of your written false and untrue
> acquisations.
>
> Ron Blackburn
> Phoenix"
That was in response to the following emails:
"I sent three, here ya go:
Mr. Paul Alonzo,
It has become clear that PBLS is purposely operated like a privately held firm and not a public entity. In secreting PBLS's financial situation and gagging the Transfer Agent with regard to the outstanding share count, you have acted irresponsibly toward your co-owners, the shareholders. PBLS per its corporate structure was purported to be a publicly held company, it is not.
Per managements request, I have held millions of shares of PBLS long, for over eighteen months. Per managements request, I acquired certs to combat short selling. Recently, I seriously considered trading common shares for preferred shares but will decline to do so. Why? I am one shareholder who will no longer trust management to make decisions that affect my financial status, you have failed to keep too many past "promises". Why would you pay monies, in the form of a royalty, when you have already failed to prove those monies exist via an audited 10Q or K. The verbiage in your press releases far exceeds the reality of your performance.
I no longer believe it was short selling that dropped the PBLS price to the .0004 area. I believe, as do many other shareholders, that PBLS management under the cloak of a gagged TA, sold most or all of the of the authorized 1.75 billion shares. That dilutive action dropped the share price perhaps aided by some shorting. In your state of the company press releases, you have cited income estimates from various entities held by PBLS. These estimates have created false hope with shareholders. You have stated in several press releases that financials would be provided by a certain date. Those dates have come, gone and no financial information has been revealed. Based on those very press releases, many shareholders including myself purchased additional shares. I recognize your standard liability language with each press release designed to mitigate legal exposure, but still find the PR's very misleading and perhaps pejorative.
As shareholders we have several recourses to which we can migrate. We can ignore your behavior, sell and many shareholders, such as myself will take a financial loss. We can continue to hold our common shares and "hope" for a rise in share price. We can trade our common shares for your preferred shares and "trust" you to do what you have not done previously, keep your word. As a group, we can also lobby the recently more aggressive SEC to review your press release archives versus the reality of your performance. They have begun to more readily conduct reviews and levy sanctions on irresponsible Pinksheet listed firms of late. The last of these choices seems the only reasonable option based on your pattern of misleading shareholders with press releases. If you are indeed innocent of manipulative practices, a review of PBLS by the S.E.C. would provide a more confident base of shareholders. I will initiate contact with the S.E.C. this week and forward several of your PR's in an effort to instigate a review as soon as possible. I will also begin lobbying fellow shareholders to become active in requesting the S.E.C. get involved in reviewing PBLS's possible malfeasance, I think you should be held accountable for your behavior.
Author
Ron,
You derive libelous from a private shareholder letter to your firm? My statements, if false, would have to damage your reputation to achieve that status. I have no intent on slandering PBLS, only in ascertaining the truth through all legal means. In contacting the SEC, I simply copied your actual PR's that committed to providing PBLS’s financial status and noted you had not complied with the public statements. I do not want you blindsided if the SEC does decide to review PBLS and possess the candor to notify you of my action.
As pertaining to Pinksheet firms, you are correct in asserting financial filings are not legally required. However, when PBLS, through press releases made multiple commitments to release information on your financial status, you changed that. The PR's stated they would be revealed and gave a time certain by which this would occur. I assume the PR’s were not made under duress. Unfulfilled commitments to the public are a matter to be viewed with much gravity.
You may be sorry shareholders are losing faith but surely you cannot be surprised. You observe and know the status of the company on a daily basis. You receive a paycheck from PBLS as well as stock options and probably bonuses. You claim to see phenomenal growth and a bright future. Hopefully you see a fruitful retirement based on the performance of PBLS. Can shareholders not hope for returns also?
What do many shareholders see? We see a schism, a great chasm that exists between management and shareholders. Many feel you are dismissive, insensitive and uncaring. IE, you have used our monies and no longer need our burden. We read PR's, many of which have been truthful and some, which have proved untruthful. We see a shrinking price per share, (PPS), and our capital eroding. We see a management team that we perceive to be gleeful as the price declines and some shareholders feel forced to exchange common for preferred shares.
Your plan is brilliant, mostly ingenious, you let shareholders buy the float allowing PBLS to save needed capital. A smaller float revalues the PPS upward and shareholders are committed for five years. If at five years, the share price crests over .08 cents, you will have to pay nothing for a long term "loan". It has but one flaw. Failed follow through on your PR’s has created a lack of trust. You in management have made decisions that have damaged your credibility and you alone are culpable. Yet, you want another term, so to speak by asking for a five-year commitment. With candor and honesty from you, I would have readily been a team player and traded my $70,000.00 in commons for preferred without question, but not now
I don’t know you or what your mind envisions when shareholders are the topic. But I have been employed by publicly held firms and entrusted with shareholders capital. I have interacted with shareholders wanting to know the status of the firm and their monies. I have experienced board meetings and know that not all attending have the shareholders best interest at heart. I once resigned my inside position in a firm and sold back my stock because the CEO was dishonest and shareholders dismissed as unnecessary. As for PBLS, you, the board members, have written its history, not we shareholders. You may take all the umbrage you wish, but you are in a public position. All management personnel in public firms are on trial daily as their behavior reveals the quotient of integrity they possess. As shareholders we must protect our assets daily by assessing the insiders performance. Until you provide all you have promised, you should be scrutinized by all shareholders.
Author
Ron,
Ref: "You do not have the right to put on the internet untrue and unfound assertations."
Please, cite the location, date and text where I placed any such statements on the Internet. The only complaint I have issued was via the private email of which you were the recipient. Other than admitting trading errors to my spouse, I have placed no language before the public via written or oral form that denigrates PBLS in any form or fashion. In fact, in 2005, I publicly encouraged other investors to consider investing in PBLS. In private, I am irritated to the extreme with myself for my errors of "averaging down", believing PR’s, and not treating PBLS as it should have been, a quick trading stock. I am angry and with PBLS management for not complying with their public statements. Will I continue to use your Press Release text in an effort to get the SEC's attention and help? Yes, if it will provide the financial openness PBLS offered but has ignored. Will I encourage others to get PBLS to comply with their PR's by legal means? Yes. Will I continue to complain to you about your financial Press Release misrepresentation. No, this is another life lesson and I am done. Companies listed on the Pinksheets are there for good reason, caveat emptor. I have notified you of my action of notifying the SEC and I've stated my beliefs concerning PBLS and feel them to be true until proven otherwise.
May all your hard work pay dividends,
Author
"
Ren
"Expect 1Q2007 and 2Q2007 numbers to be tagged "pre-audited" as well. I wonder how the market will react to that....hopefully well."
Most likely it will be very bad as well as it should.
"Also, don't expect the T/A to be ungagged in August. Phoenix basically feels that providing quarterly share structure is equivalent to "ungagging."
Then don't expect PBLS to rise above 3 cents...ever again.
IN MY OPINION Paul and Ron are scam artists. When they get caught investors will be electing a new board of directors because the current board will be in prison. IMO.
BTW I suggest that everyone speculating in the negative about PBLS should use a dislclaimer. They are threatening investors.
The market agrees with this:
'I can only speak for myself here but I'm too hopeful to sell here and too afraid to buy. "
That's exactly why we are trading were we are.
EDIT--The only thing that matters:
"This acquisition is an all stock deal that will greatly enhance the net worth and intrinsic value of Phoenix.""
Let's just hope all the 800M or so shares went here and are restricted for 5 years.
More than anything I want to come back and apologize to everyone for being a big baby. Come on PA and RB prove me wrong. Show the world that your not scamming investors. Make us all rich.
Opps. This is really it.
Last time I think.
http://maps.google.com/maps?f=q&hl=en&geocode=&q=14329+Chrisman+Road+Houston,+TX+77098&a...
OT-Rhustang
Linux has come a long way since I first stared using it. My first Linux install was redhat 2.x something or other. We spent all day downloading it onto 3.5's and then all night installing it. There was no X window at the time. The first time I actually got X windows working was on an old Compaq Presario computer that I wrote a half-arsed video driver for....this was long before I really got into programming mind you. thank god someone better than I came along and wrote a better driver for the embedded graphics cards.
Linux has made amazing progress, but by far the one thing Linux and GNU did was open a lot of peoples eye's to the fact the home grown software could not only compete with comercial software, but it has also raised the bar as far as what it takes to be commercial...and that is a good thing for all involved.
Cheers.
oh and go RLTR. I haven't had a multi bagger in 2 years now...*sniffle*. That is truly a sad statement on the pinks.
rhustang
I'm itching for everyone in the world to wake up to the fact that windows is an inferior operating system. :)
Truth be told I've kinda lost some of the dire hard open source values. I've been really digging Mac products lately. You get a solid Unix OS (BSD) and all the WORKING bells and whistles from a company like Apple...but I still program linux and it's my main workstation at work...has been for about 8 years now.
Cheers
Put my vote in.
I've never heard of KillerStartups before? I'll have to spent a little time digging around to see what it's all about.
Cheers.
Nope...Lets' try this.
This looks more like a concrete company to me.
http://maps.google.com/maps?f=q&hl=en&geocode=&q=Houston+Texas+tanner+rd&sll=29.4963...
Edit...The company
http://maps.google.com/maps?f=q&hl=en&geocode=&q=Houston+Texas+tanner+rd&sll=29.4963....
Maybe.--edited here.
Qualify the word 'know'.
Many of us have spoken with them on the phone.
I guess at this point
It's the lynch mob against the shrooms!
BTW I'm not advocating a lawsuit yet. I'm much more in favor of PBSL opening up....yesterday.
Whirl,
Also Notice that the release date in pinksheets is June 18th.
remember the link didn't work for a few days. That information was not known to the public at the time of teds disclosure. It was inside information. I'm just the messenger.
Whirl I know my facts
I was watching it transpire real time. It was no up on pinkseets at that time.
the facts are the facts.
Whirl
"You can come up with a dozen different and speculative scenarios"
Or we can except the fact that Ron did indeed tell people.
Tedwit posted that he was told this BEFORE the information hit. If tedwit knew this then I'm certain others did as well. Tedwitt was kind enough to share and smart enough not to act.
http://www.investorshub.com/boards/read_msg.asp?message_id=20502294
http://www.investorshub.com/boards/read_msg.asp?message_id=20503066
And his post after the fact:
http://www.investorshub.com/boards/read_msg.asp?message_id=20504473
THERE IS NO QUESTION THAT INSIDE INFORMATION WAS LEAKED. ZERO NADDA NONE.
Tedwit is not the only one. I have talked with several people who had this information. One of them is a current moderator and he got it in a round about way from Mulshine when he asked and Mulshine didn't deny it. Others got it directly from Ron Blackburn
The best part is this is all in writing. Even if deleted it will still be saved in a google cahce for all to see.
outwest
Perhaps in due time. Right now I just want to know what rights we do have. I suggest other's do the same and we can compare notes.
Certainly if there was a shareholder lawsuit I would want to split the cost and several people are already on board with this.
I'd like to reiterate that I'd rather not go that route if possible.
No doubt!
I'm just exploring my legal options.
When you have the kind of money I do invested in this company it's worth a little more to get "real" info on you options. I find that legal council from ihub and RB posters is a little lacking and since I'm not a laywer either...
To many wierd things happening lately to just stick my head in the dirt.
BTW I said this in a PM to lowfloat. I'm not that the bad guy. I own a lot of shares in this company.
Anyway enough for tonight. I can't really say much more because I really don't know much more. I will say that I feel sick to my stomach about getting others into this stock. Of course most of them already sold and took their loss...guess I'm the real idiot still holding his shares.
NO you were dead wrong.
I'm not stupid enough to over step the lines of my legal council
Cheers
Lowfloat
"No excuses, you make those claims you need to back them up."
Really? Why? PA makes lots of claims and he doesn't back them up.
"then I'd like you to cite the specific regulation they breached."
Not here, not on your terms. If you are truly interested then I suggest hiring a laywer to investigate this for yourself.
I will say this. Paying the 500 bucks to get legal council sure beats taking advise from those on these boards.
coydog
"buying is easy. Selling is what separates the men from the boys in this business."
No doubt about that. It's easy to to do the research and find companies trading at a bargain. It's hard as hell to overcome greed and sell. Personal Example: Up over 100K on PBLS a few weeks ago. Back to a little less than even today. Damn..greed is a bitch.
BTW That's not why I'm negative on PBLS. I'm negative on PBLS because they failed investors and gave out inside info to a select few. Regardless I should have seen the sell signs (which I did) and sold at least some of the shares. I did wise up enough to sell some at 1.8 cents for a descent profit. I rebought those shares at .013...and have money to buy more if it plummets. PBLS is a trading stock for me now.
Good point. Can we play now!
Cheers.
Search engines and rental companies
are not comparable IMO.
Google was the first to integrate search and marketing in a non intrusive way. They immedieatly became the defacto stadnard. If you wanted to advertise your business on the web you did it through google. BTW the way a lot of the smaller players (aks jeeves) and such are still making money.
In the movie rental business there are plenty of options for different players. RLTR already has some loyal customers in the way of shareholder. I doubt RLTR will be THE Biggest player, but if they just manage 100M a year then those of us that own shares will do just fine...just fine.
BTW I know they made at least 20 bucks this year from me.
I don't think it's as grim as we sometimes make it. RLTR is doing fine right now. They ARE pulling in revenue. They have a business that will generate more revenue just by advertising. A lot of Americans Hate large corporations and this fact alone will insure that niche players can always make a descent profit. RLTR is a pniksheet company...a solid niche market would be more than most on this exchange.
Ok back to my wine!
Cheers
It will most likly be Apple IMO.
Or Netflix...or Google, but Apple is so Chick right now that they have the best shot IMO.
Of course RLTR still has a damn good peice of technology which would very easily be bought out by one of the above mentioned companies.
lap.
He already had 100M shares. I don't think CEO's should ever get any special deals on preffered shares. I know it's kinda the norm... Personally, however I think CEO's should have to work for their money same as all of us. It's a public company. They don't have the right to protect themselves IMO. If they are doing a bad job we should have the right to remove them.
Cowboy,
That is a very interesting point.
My question to you would be what percentage of the time are you right on your stock timing?
and
How many multi-bagger stocks do you watch at a time?
I think a 1-5 year out look for a stock that could move 10X is easily worth the wait. Of course if you wait 5 years and it does nothing then you have wasted a lot of money.
I guess my main point is that it's pretty well known that most of us loose money on most trades in penny stocks. That fact alone is why I play these for big monves and big moves only.
Of course this is coming from someone still waiting on PBLS to move. LOL...or maybe it's just sad and not even funny at this point!!
Cheers
BluDucky
"IMO internet speeds is a thorn in the eye for RLTR."
I agree, but one thing is for sure, the USA is way behind in terms of high speed internet capability. If a demand rises a solution will pop up...capitalism.
As far as RLTR and speed. I haven't noticed any problem what-so-ever. And if the cable companies try to limit bandwidth to block competitors then I would assume antitrust lawsuits would crop up.
Also it's pretty well known that Google has been buying up all the dark fiber. Many in the geek community think that one of their goals it to provide high speed wireless everywhere for free. I think they will do this as well. They make money from marketing and the last thing Google wants is someone else to control the backbone of the internet. Right now Cable companies do control alot of the fiber based networks, but Google controls as much if not more dark (unused) fiber.
Ok that is a lot of speculation on my part, but a lot is based on current trends and rumors. Still speculation non-the-less
Whirl that's not right.
The fact that they can be used will effect value to many investors. Wall street will not look kindly to this. Wait, who am I kidding, Wall street will never even notive PBLS...
real,
I have noticed updates as well. It doesn't change the fact that the didn't do it by the 15th as pr'd.
BTW is the TA still gagged? Why?
anchor
I hope we are both wrong, but the true test will be if the other companies file lawsuits against PBLS.
I can alsmost gaurantee that PBLS has breached SEC law by issuing the pref III shares in the manner in which they did.
This is likly to end badly if they don't somehow change course. We will loose money, but they will likly do time.
Reeltime
"What do you think a thriving RLTR's pps would be?"
And that's exactly why I'm buying shares. Like you said though if they fail it's likely to be a total loss. If they succeed then all sharexs today will be worth a couple of dollars...maybe
Cheers
Pinksheet Categories
Proposed Disclosure Category:
No Information
http://www.pinksheets.com/quote/company_profile.jsp?symbol=PBLS
so much for June 15th.
whirl
PBSL credibilty went down in the frist round. It's now the 10th round and the opponent is contining to kick the dead horse. The ref keeps assuring us that "very soon" he will stop the fight.
BTW I reccommend everyone figure their valuation on 1.75B OS. You really can't go wrong with that figure and until PBLS proves otherwise that is exactly what it should be figured at.
8.6M / 1.75B = .0049 eps
Anyone claiming a multiple is fair is smaking crack. PBLS deserves no multiple of any kind until it.
1) Changes CEO
2) Ungags the TA
3) Releases audited numbers fo 4 quarters in a row
Personally I don't even believe they make 8M this year. I was todl by Ron Blackburn a year ago that they had already spent over 1M dollars on the audited numbers. All I can say is holly crap I wish I was their accountant.
Anyway as far as I'm concered everything they release is a lie until proven otherwise. I used to take them at face value, but not any more.
however like PNEW said they are mostly covered by the "forward looking statement" clause at the end of every pr. However they are liable for the countless emails that myself and others have recieved and the release of inside information to a select few. I hope they do the right thing "soon".
reeltimeking
Any guesses as to when we should see a website revamp? I would think the company should be able to spend a few thousand dollars and get some developers in and build a first class site pretty quickly.
OT- dlaser,
Not married yet. July 7th.
We were trying to cram to much into on day a few weeks ago. I was closing on my house at 2:00pm and we were going to get married at 4:00 lol
Anyway we are still doing a very non-formal wedding. However we are flying my parents and grandparent up. It will be nice.
For what it's worth I'm already married to her in spirit and thus I can say the married life is good. I am marrying my best friend. How can it get better than that?
Cheers