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Fm, you forgot to add that specifics are coming "soon."
They need specifics to be out, oh, roughly four months ago. Soon, a few days, etc doesn't cut it any longer for this company to be viewed even remotely as a viable entity. Meanwhile, I wait on a better time to cash out, PRs that say nothing of value will not get me there any time soon.
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They may as well have added that Johnny Zornes takes milk with his tea for all the value the info in the PR adds. Where's the direct addressing of the issues facing / faced by PBLS? Where's a summary of their business to date? Where's the unaudited numbers and when can we expect them?
And what's this about adding new businesses? We're still in buy buy and buy some more mode? Where's that coming from and how would that be financed - upping the A/S? Nothing in this PR makes me feel any better.
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It's funny, in a rather sick way, that delaying the PRs (if that rumor is true) makes this stock even less useful for flipping. Not only hasn't the dead cat bounced, it's like Paul stuck it in the freezer where it sits in a block of ice...
Apparently the only ones with less to say than us here on IHUB is PBLS management...
PBLS to English Phrase Book Translations:
Soon = Never
A Few Days = Weeks
815 million = 2.5 billion
Dividend = Cash Loss
Management = Silence
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Shelby,
If they wish to remain a public company (or an actively traded public company), yes, they need us, and they need to manage their relationship with us. They aren't doing that.
As they are a publicly traded company, they should own up to the obligation of being one (on the Pink sheets, that obligation is fairly low I must admit, but that's where personal integrity, long term vision, and being human come into play). They haven't done that. One part of that obligation is official communications to the people who are providing the money to keep the company alive.
And can you say with 100% assurance that the rising O/S isn't ending up in retail investor's hands? Why is the O/S approaching 2.5 billion at this point and whose hands are holding those shares? And in the end, does any of the common shares matter with the preferred IIIs? They have acted like a public company only to get the investors dollars but not in owning up to the obligations inherent in taking those dollars, plain and simple.
Waiting for things to play out before telling us more about their status is the sign of a mismanaged company. A well-managed one could articulate what is being done to resolve those unknowns and current issues, what steps are being taken, where they forecast they will be in the near future, and what insurance they had in place to prevent a couple of scam artists (if scam artists they prove to be) taking down their company. After all, they are the ones stating in their mission statement that their raison d'etre is their superior management skills. Proving it in a time of crisis would be good at this point.
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As to selling and moving on, that's something I plan on doing (sold some already), but waiting on PBLS to make it worth my while to sell the remainder - if they don't, c'est la vie. If they do, so much the better. They continue to provide no reasons to hold or purchase this stock beyond the hope of cashing out or a flip, no clarity on their situation, and are long over due and remiss in providing investors information that should be provided as a matter of course. They should be more communicative now with their investors as opposed to less if they are serious about keeping this company alive.
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Johnny Zornes said a "Few" business days in his letter. Few is beginning to look like a synonym for "Soon". I'm really disappointed, especially now,in their inability to both manage their business and their investor relations. If they can't do both more aggressively than what they've demonstrated these last few weeks, there's little hope for them in my opinion. A real company can manage the message and the business. They appear to be failing at both. Wait and see I suppose, as to whether they can even muster a PR worth reading at this stage, or will they need to put out a "Few" million shares to get the cash to make that happen?
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Mine was not much more cordial. A reply to my email would have been appreciated,oh well, I guess we wait a few more days.
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Xylan,
Accumulation - I could see people buying here, gambling on a PR related to the court case or more likely, leaked information ahead of the PR that could drive the price up for a quick flip. It's a 50 / 50 bet - probably the best odds involving PBLS for some time in terms of investing or flipping.
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Whirl,
Certainly more plausible than this thing turning around any time soon. Let's face it, the discussion around avoiding Sar-Box, and the benfits of offshore banks etc, are benefits of the few (mostly the criminal or the singularly wealthy). Throw in numbered accounts (which if politicians truly wanted to reduce illegal activity around terrorisim, arms and drug smuggling, and - Political corruption) should be the first thing to go. I think the idea that the good ol boys got taken to the cleaners - true or not - makes me feel a bit better at looking at an 80% loss on the money I gave them - at least they don't get to enjoy my cash either. Interesting speculation, but this stock to me now is only worth the entertainment value it provides via this board. PA has made darn sure it's providing little else value at the present moment, and continues to do so - that there are no communications coming out of PBLS as this stock goes thunk is telling if this were a company interested in shareholder value. Forget the skulduggery, PBLS needs to come clean just once and provide some clarity on what the company is, is doing, is earning, yadda yadda - Sawdin has been repeating the answer since day one and PBLS continues to ignore it.
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Wayne,
I like rally Cry's idea - it's a form of passive resistance - tie up their phones and bother them until it's more productive for them to do what they should be doing without being bugged - updating their share holders. It's a way to break the logjam. If the company's a bust - giving them something to do while they await the collections agents will help them pass the time - if they have business to conduct, guess what, they'll figure out a way to answer questions or attempt to.
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Rally,
Using Morse code as a communication method is far too rigrous and disciplined a communication protocol for PBLS, and more advanced than their current methods, so I doubt they'd use it. It also implies there's an interest in communication on their side. Smoke signals seems more likely, perhaps, the burning of past PRs and forward looking statements as the fuel...
You see my point though on the printing press - I'd expect PBLS to be taking full advantage of the 2.5 billion to raise cash if necessary without the punctuated pauses. Just one more cause for wondering, as that's all we can do.
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Rally,
IF PBLS is severely cash strapped or having severe cash flow problems, and the dilution we are seeing is to address that fact (if in fact, Komex and the partners are out of the picture), the question could be posed, why wait six days to throw another 8 million shares out there? It's not like PBLS's PPS rose appreciably to get more bang for the buck in the interim. Just trying to keep in step with the idea of being optimistic at the start of the week...
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VV,
I actually expect the press to keep rolling and exceed 2.5 billion myself, but I took a little holiday from my negativity to explore the other side of things. I agree on all points of your post (including the excellent DD done by many on this board in the past). Right now, I'm trying to figure out a scenario (and the likelihood of it) that might lead to a bounce in PPS that would at least allow a cash out for frustrated longs such as myself with minmal to no loss - that's the extent of wishful thinking I can muster at this point.
As to your other question- neither am I of French descent nor do I have rodents in my jeans. For us Slovaks, you have to move beyond the smaller mammals into the range of the Big Cats. LOL
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You could turn your phrase around and state PBLS is too false to be Good!
Let's assume (to go through an electric Kool-Aid acid test), the following:
We don't see the 0/S go above 2.5 billion for the remainder of the year
The unaudited financials show PBLS is still making money for the time being (and it's just the flow of money causing their problems)
Assume NSS does not play into the picture (sorry Oldtech - too big a wild card to guess the outcome)
And assume they're kicked out of the pit - no more pit cash cow for the remainder of 07
Where would this stock be at year's end? I thought an uncharacteristically optimistic what if scenario (as much as I could manage being down 75%) might be a nice diversion.
If the above were true - could we hit .02 again and cash out even by year's end?
And the likelihood of that happening would be:
a) George Bush winning a Pullitzer (Impossible)
b) Bill Clinton winning the Presidential Spouse's Debate (Probable - with outside help)
c) Alberto Gonzalez refusing to answer a direct question (A Certainty)
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Ren,
Me too. I may play the dead cat bounce at some point but unless PBLS shows they still have value, I've mentally put this one in the big loss column. If I ever invest in a pinky again, it will only be if the company is in my neck of the woods, where I can see it, feel it, monitor it, and truly evaluate it. Now, flipping is a whole different ballgame from investing, so I may, just for ha has put some mad money on one of these pink horses, but never again like this with PBLS.
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I'm sorry, but we closed today at .004. Your post notwithstanding, this is an .004 stock or lower until PBLS (aka Paul and company) prove otherwise. They don't seem to be in any hurry to prove otherwise. So here we sit, holding the bag, awaiting a reason to feel confident. If they prove they are a real company I'll re-invest the 2/3 I sold - otherwise I've written off the 2/3 I still have in the stock.
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Roach,
And I'm waiting a while longer as well - but they're not giving anyone reasons to buy, just many reasons to sell. As an earlier post mentioned, that's an odd way to run a scam. So either they're crafty like a fox, woefully inept, or criminal - I'm leaning toward the inept. Flip a coin, it could be one of the above, all or a combination, The roulette wheel is still spinning - might as well have a Dr. Pepper while we wait! And I used to tease my mother about her watching soap operas every day...
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Gnu,
Good luck to you man. Like some others, I'm waiting for this dead horse to twitch one last time before pulling the trigger and selling the remainder of my holdings. That may be a bad idea, but I've seen worse stocks do that. It's the hope of the hopeless I guess.
Take it easy -
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Well, when the value of our holdings is less than the commission to perform the sell order, I would peg that as the bottom...charts are useless with a stock like this, as the past has demonstrated nicely. It's like fortune telling, the hits are remembered, and it's muddled sort of hazy predictions only seem clear with hindsight. And with this stock, there's a lot of hind in sight at the moment - whether it's us shareholders having to cover ours as this thing sinks or the salute we're getting from PBLS as it goes down.
Seriously, the last time we did the free for all was when there was heavy, undisclosed dilution by PBLS. Forget Komex for a moment (and Vince and the whatever he's called - the Riley O'reilly guy) and ask yourself this - did you think that with best jets, construction, truck hauling, and the pit, PBLS would be a growing concern, a can't miss opportunity (that all pre-dates Komex). So if they manage themselves well, this stock should be going up, could be going up, with a bit of disclosure on those areas of business. Instead, we have rumors of defections, rumors and actual defections of companies or personnel, the pit judgement, and a free falling PPS as the O/S climbs to the 2.5 billion mark. And we have complete silence from the PBLS management. Oh, and by the way, it's their management expertise that is supposed to be their chief claim to fame.
I'll be watching only to see whether or not the 2/3 I'm holding of my former stake counts for something by year's end.
To paraphrase Roach -
Take it back Paul! Take it Back!
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Why do I get the feeling that the only way we'll find out what PBLS is up to is if a) Paul Alonzo gets an IHUB account or b) PBLS appears on Dateline?
I sold a third of my position when we were at .009. Even if we hit .004 I don't think I'd buy at this stage - there are other stocks in the sea, no need to keep chasing this white whale until there's some indication the company is being managed well, showing a true profit, and becomes committed to me as a shareholder.
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Fl,
I'm beginning to think those pictures an apt metaphor for HTRE's business model. There is no longer in my mind any creidble reason for why this store is not open beyond either cash flow problems or complete mismanagement. I'm holding only a partial amount of shares I had prior, on the chance they actually open one of these and some hype causes a run.
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PNEW is also fine with me.
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Shiz, FM, and Ren,
I admire anyone committed enough to read every post on this board. I think much of the angst more properly routed toward PBLS got routed to you because of your trip. In the end, PBLS has the ability to answer questions, demonstrate the value of the company, and provide assurance to shareholders. That's not your job or any board moderator's job. Good luck to you.
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Considering we also just ended a quarter, this would be a good time to release the financials. It's my hunch only, no other basis to suspect it.
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I just asked myself the same question - could the financials be done?
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we also went into a free fall when the rumored o/s of 815 turned out to be double that in reality and was planned by PBLS to nearly double from there. We're tapping out the 2.5 billion, I'd suspect some are worried that wall is a paper one...
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Exactly, we're being told that we're otentially getting mines, working with new partners who own other companies which will be brought into the fold, etc. At the very least the value of real estate holdings, offices, etc should show on our unaudited financials. If we don't see any significant changes, I would be wondering just what's going on and why we need to be at 2.5 billion shares outstanding if we can show only dilution as the "benefit." And if companies have left the fold and haven't been PR'd (for example, potentially progas) what has that done to our earnings?
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They've put he unaudited numbers out two weeks after to 30 days in the past. This could be an interesting one depending upon what was or may have been sold in the prior quarter and its effect on earnings, and any new acquisitions.
Quarter end numbers should come out at the end of this week. One would also think all divy checks would be out prior to the end of the quarter. It would be nice to see an update from Phoenix on both.
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Shiz an FM -
Thanks for sharing what you learned. I wish I could make the same trip but can't at the moment.
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Therein lies why I'm disappointed in PBLS. AFter two and a half years, it still comes down to a 50 - 50 guess as to whether this stock is sound or hollow. That suggests no progress has been made in increasing shareholder value or confidence, or wouldn't the odds be a bit clearer? As to NSS, I think there are plenty of things to be concerned with beyond the naked trader keeping us sub-penny at the moment. I for one am wondering just what this quarter's unaudited numbers reveal, and I'm betting (which is all PBLS allows us to do) on a whim that we aren't going to like them. All opinion of course, which is where PBLS leaves us. They are back to being a flipper's stock and an outright gamble which is apparently how they want it as they are the only ones with the power to change that.
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I've started pulling out as well - not all but cutting losses. I'll return in force (for my modest holdings) when the company acts, not talks, like they are committed to increasing shareholder value.
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Doc,
Yes, it was a GM car, 100 miles on a charge. Folks like Tom Hanks and Mel Gibson and Ed Begley owned them and were very outspoken about their benefits - there's a DVD "who killed the electric car" which gives a nice overview available via netflix and other video chains. They were even doing recharging stations in California - they had set up places where electric cars could plug in around town and recharge. So we're retracing old ground, which means we can get to where we need to be a bit more quickly. That's my hope at least.
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interestingly, it was the ARB which had a big hand in killing the electric car originally. Hopefully they've learned from that mistake. We are back to where we were in the late 90s in terms of electric cars. But it's good to see LTHU linked to a political arm of California which can set in motion a similar US agenda.
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Okay, here's one thing I'm wondering and no one else seems to be commenting on it. The Phoenix mission states the following:
The mission at Phoenix is straightforward and blindingly clear: to produce superior earnings and sustain rapid growth. A solid, three-part strategy provides the foundation for achieving our goals:
Acquisition – to buy quality companies in our core business areas
Development – to strengthen and streamline our current holdings and new acquisitions by creating operating efficiencies and by providing capital resources coupled with the backing and support of a seasoned management team
Yet, BestAero, apparently doesn't see a value in sticking with PBLS and their seasoned management team, so leaves the fold. Or is it that PBLS didn't see a reason to stick with BestAero? Why do we need to ask such questions? If PBLS was truly offering seasoned management that would improve the business they acquired, why is Best Aero leaving? Perhaps for the same reason that Progas may be gone? If PBLS does not want us to speculate that perhaps these companies are better off elsewhere, or not part of the PBLS core business plan, then they should say that. No, this is not whining, this is merely asking this seasoned management team to explain their goals and expectations to the people supplying them the money to run their business. It's our right as shareholders. They are way overdue in supplying that.
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Now I know my pessimistic view was far too optimistic...
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Sorry, I meant best aero and not best jets.
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Shiz,
Getting out of best jets would go along with getting out of Progas (if that is true and hasn't been Pr'd). So it looks like it's shaping up that fuel and gas are no longer a core business. Can we expect an announcement on progas as well? That may be more likely than a Komex confirmation at this stage, along with abandoning oil drilling etc. A better way of doing this would be a mid-year announcement about business consolidation, where their focus is, what's been let go, what capital has been gained through the sales of divisions to build the core - I'm less pleased by these one-off PR's like this.
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At the current PPS, I believe I qualify...
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