good one

i never heard of that one, except in here. In fact , this is the first pinkie i've played in about 15 years.

good point, but a cybercrusifiction isnt all that bad.

I know the believers here don't want to hear this, but the market is rarely, if ever, as wrong on a stock as you believe the market is wrong on this one. I will stand by my assertion that if these guys really had the numbers they have been bragging about, there would either be huge money coming into this thing, or a tender offer. The lack of interest from the street in a stock that supposedly has such great numbers that should attract major money, is very telling. If PBLS is to be believed, this stock is trading at 1/18th or so of book value, and less than 1x earnings. Doesnt it seem odd that there isnt buying all over the place on this? This company isnt a big secret, they have been researched. Did you ever think why the stock dropped so far under 3 cents when they had a share buyback? Granted, I got my check, and bought back, did ok on that arbitrage, but the way the stock performed since the buyback announcement has been sickening. My theory is that there were big $ guys in it then , did their reseach, and bailed out big time, they didnt even wait to get their certs to send to the company. The way this has traded tells me something stinks bad, and I believe the market above all else. I am a proponent of the perfect market theory. I would figure that without audited financials, if the company is to be believed, the market would give it maybe a 40-60% haircut to fair value based on no audited financials. a 98% haircut to what would be fair value should be if they tells me they are not to be believed.
I wish I had reason to believe them. I do not.

and if you think that, which I do not buy into for a second, what makes you think they would do anything to maximize shareholder value?

My "job" is to show how I got bagged, and to try to not have it happen to others.

you are correct, I should have said it is the only answer I find to be reasonable.

I am in total agreement with you there. those companies DO have a better handle on the truth than I do. So , I ask myself the question, "why would these companies sell out to a bunch of Baffoons such as these?, or, "why be bought out by a pinkie that doesnt report, have incompetent IR, etc etc etc?" the only answer is that these companies are/were in deep trouble, and PBLS was their only way out.

thats if you believe what they say, and I do not, nor does the street, as evidenced by the stock price.

so why don't they correct the news release?

BINGO!!!! They did correct 1 news release, when they called best jets a wholly owned subsidiary, but neglected to correct that news release.

call and ask. 800-232-3684

I do not have to argue with you on this at all, the stock price is all the evidence I need.

they can buy large blocks, but I havent seen any reported on the T&S

i meant you have to be joking to compare pbls with those companies.

you have got to be joking.

I do not think they have bought very much at all. They can only buy at the bid,and not in the first half hour or the last half hour, and in pinkieland, MM's are not required to represent your bid.

first off, no company in basic industries gets a 20 multiple of earnings, or a 2x revenue
second, a share buyback is limited to a small % of average daily volume.

actually they are acquiring with preferreds, which is basically debt, since there is no conversion price.

when they need to sell more shares into the market is my guess.

maybe

keep believing that...

ok, that was "then" not "the"

can you try that again?

evidently, it is not valued at 1x revenue, is it?

it would preclude them from ever being a reporting company. selling shares without a registration statement is against SEC regulations, and as a publicly traded company, they are subject to SEC rules. I believe they are just milking this thing for their own benefit, while we suffer major losses.

it is because the book value is nowhere near 80 million.

good riddance. It will be interesting if they can find a reputable IR firmn that will anctually do their own due diligence. there are a few out there.

because I took a day off from enraging the true believers.

freakin classic!

investment banking firms, hedge funds (they go long also), small/ midsize brokerage firms, etc.

Look at it this way, here's a company that claims to have a .10/share book value (they did show unaudited financials that showed 80 million in shareholder equity, and no claimed there will be no more than 815 million shares when they report). They claim (is you are to beleive their IR guy) that their pretax profit could be 10% of their gross revs which they claim to be 215 million, which would lead to a pretax profit of .026/share and assuming a 40% tax rate, .015 a share. Now, these types of claims do attract closer looks from "real money", "the street" etc. It warrants a closer look from the big money guys. Why aren't they loading up on this stock??? Do you think that none of the big boys have looked into this deal? Do you think that this stock is a huge secret? My guess is that the a few of the big boys HAVE looked into the deal and have made their decision.
If this was real,or if there was a reason to believe it was real, money would be all over this thing. The bottom line is NO ONE BELIEVES THEM. The Market is not stupid. it is at .006 because it deserves to be at .006

show me anything i have posted about the company and their announcements that are BS.

who says I dont own the stock? I do.

then tell me why the stock is so low? Because the boogiemen NSS are shorting for no reason?

How bout this, you just keep holding on to that dream of yours.

Oh so you get to call it "quiet time"? and what undesired effect could my posting have? that people get enraged with the behavior of management? that shareholders hire an attorney to hold PBLS management accountable to their announcements? That they demand the basic information that all shareholders have the right to have? That would suck.
And we DO have facts. We have their announcements, which may or may not reflect the truth, but they are public announcements. All you have to do is look for the inconsistancies in the announcements, they are plentiful.

regardless of whether they are certed, if they sold shares without a registration statement, we are screwed since this is totally against SEC regulations.

if you actually read what i said is I doubt it would be higher than .012. i did not say I thought it would go there.

1- thats just my read of the technicals.
2- I have no reason to believe it will be quick
3- a double from here leaves most people here still in the red
4- I do not expect it to be long lived , if it does happen.