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The decision has been made.
"I will invest additional $$$ on top of the (25) already allocated to help the two or three in charge. The money could be used to restructure and keep shareholders. But only after a coordinated BK. Warranties would be secured. If this doesn't help then they will have to do it own their own".
This post won't win popular support for other shareholders to follow I know, but in light of recent action and time to think I am going with my gut decision. Which is basically back to the drawing board of what I originally posted weeks ago. I will invest an additional (50) on top of the (25) already allocated to help the two or three in charge. The money could be used to restructure and keep shareholders. But only after BK. Warranties would be secured. If this doesn't help then they will have to do it own their own. I'm not asking for a total overnight restructure away from natural resources. We need to keep the oil if we still have it. Something needs to be used to pay this debt. This could help clarify and secure collateral so I could us my Reserve to help as well. It would be an investment. Plan B is to use my Reserve for (15) with (5) being deposited from my kids treasury college fund to be used first without BK. It's make or break time. My advice is plan A, but if that can't be agreed on by other shareholders then work out plan B for yourselves, but lets invest so we can turn PBLS around folks.
Done Xylan. Jacket is off then. It's good to know there are others who want to play nice in the sandbox.
Xylan,
You have been another voice of reason so its difficult for me to say if we disagree (I don't think we do). We all want a better life we can agree on that. Like you I appreciate your posts as well. The last thing I want to do is turn shareholders off. I know I post a lot and its because I care. I will take a break for a while because I believe management will be fine on their own. I'm sure I will be back to dawn my straight jacket permanently. My apologies everyone. Take care and GL.
Correct. Have a good weekend Oldteck. I have sleeping issues again.
You can say that again. More like every ten minutes...lol!
And you all thought spending the money to bail us out would be the demise. Nope. If it's helping or hurting is irrelivant. Our company can survive the spending and hard times no matter what happens as long as we are one with the same Common Belief. If that doesn't happen soon then we will need to restructure. This has never been about money nor should it have been. Money is looked down upon in the constitution, but nothing should be free and I don't agree with over dilution either. Working as one we can teach that to other companies. We can only hope they buy into it for mergers. One company is what its about with the RIGHT BELIEF only. Unfortunetely time is short to now realize this.
To be clear I am not blaming anyone in management (on all sides) for the recent fallout. I understand that we all have our own opinions of what should be done. The important thing was to come to an agreement to work together as one company. That still is not happening. There has to be be give and take until an agreement is met. We cannot walk away from this, and a decision needs made in unity to turn this company around. If we are not as one we will not make it. It's tuff because we all believe we are right, otherwise it wouldn't be our belief. And there is nothing wrong with standing for what you believe. But I am not lying if we are not one we will not survive as a company (at least not until the restructure). It's better to give than take. By reading PR's I know for a fact most of the management wants to do what is best for shareholders, but it still doesn't look like its being done. Intentions are there, but actions are not. Management should hold no guilt over these decisions as long as their decisions are not based on greedy shelfish needs. This isn't easy I know. As the clock turns. This is why I made my recent decision and I have noticed a willingness from some to work together. GL on the court case and possible restructure everyone.
Yes I tried to stay away from the word spend so I wouldn't scare you, but as long as money is repaid to shareholders it would be an investment. Time will tell if management of the big 3 will lie and then it will be on them.
I would like to Spend the remaining 15 minutes of my time today not regreting the decision I made investing. I want to do it now. The guidlines for investing have already been written so this should be easy for me to do. If this doesn't make sense as a decision to you then we are not on the same page, but will be soon if you want. Out of 3 hours and 50 minutes before my appoitment...15 minutes shouldn't be a problem to assure myslef.
The shifting of the guard can decide what to do with the remaining time on all of our hands.
That's why I'm glad you are back. Our technology seems to get ahead of ourselves...if that is even possible.
No they don't let us insiders out from behind the bars until the verdict.
I'm actually waiting for them to show up...lol. Thanks RC. Its good to see you back.
Well I am going to stop talking to myslef and giving the board advice because it doesn't seem to matter. No one is listening to me. Management thinks they are hearing me, but they are not. That is why we are still in court. You need to listen to me because time is short. We all can't have our way. I understand the push from both sides and there would need to be some give from both to all get along. We can't seem to get that. A decision needs made now by management. We have already lost so many $$$ waiting. And every day that is lost more and more $$$'s are lost and we shareholders suffer. I don't care if its a BK to restructure so we can move on or settle with Picayune and get $$$ to bail us out. But a decision has to be made now in order to stop losing enormous pensions we thought we might get one day. Someone make the call. My advice is if it's money they want I say give it to them from the settlement. Let them have it. Give them as much as they want so they can see how much they love it. They can use the money to Bail themselves out. Lets see how far it takes them and us. There can be no wrong decision with this because its my decision and my money that the company is using. Actually, the wrong decision would be to sit on this for 2 more months or weeks!...so there is a wrong decision. Another wrong decision is to listen to WOM which I am getting the feeling he will have all sorts of advice very soon. This isn't fustration its love for this company.
Ooops! looks like I am talking to myself this late night. Oh well tomorrow is going to be painful I imagine.
I should clarify a gradual cut should start when its determined by management.
Just remember the more you take now is worse than later. Mainstreet needs money during these times.
A flat cut in divy checks to rectify pay across the board would impact shareholders and their families in hard times. A gradual divy pay cut over the next year would allow people to adjust. I am assuming things will turn around. And if things do turn around the gradual cuts might not go as deep as a flat cut now and eventually match other similar pay scales. That clause could be included to discuss next year to resolve future disputes. Options would have to be weighed and Production Met to recieve those types of incentives. A lot can happen in a year, but A year should work.
Are you kidding? To lose shareholders vice management taking a pay cut. Greed is definitely among us.
Oldetck you still around? I hope so you seem to be a voice of reason.
OK. Keep the lawsuits and re-organize the structure within. Then we won't have to include my idea of tearing up the environment. We can be environment semi-friendly vice environment friendly. Let's hope management can do what it takes to pass this mess off and turn it around.
PA = The guy who helped us get into this mess. (Looks like I was wrong). Maybe we are all PA's!
BTW, I am not trying to offend anyone or influence a buy or sell position. I know these are hard decisions and that lobbyist's which support manangment decisions have a great deal of influence on this board. Besides even I don't have the big picture. It goes back to that selfish pride thing. Now is not the time to make decisions based on those types of things. Could a deal be struck in court to allow the three and shareholders to reinvent themselves? That is the question. If I can help with info I am open to questions because time is short with the trial in place already. And I will always want to help with my honest opinion. No lies.
If you want to know why I stand where I do...here is why. The reply to this post is what should have happened a week ago, but of course we have delay in the court rooms because everyone is concerned about getting the piece of the pie. I'll bet the judges and the people they transit with now want a piece. They should have immedieately dumped the 700M shares needed support the townhouses IMO. With time this would have helped with the root cause and got us headed in the right direction. Instead of getting money from the Picayune Bank we gave it (via courts) and they soaked it up to support their needs not PBLS's. Another missed investment. Who knows where PBLS's money will be spent if they win? Yes, I said spent not invested. Going by past history it will sit to collect dust and then spent on who knows what vice invested for the better interest for shareholders. There seems no end to the court trials and decisions to do what is right. Lawsuits are a drain on the economy (I strongly support the last statement). So this is why I took my stand for PA to spend the money in Jan like it was water and find a natural resource to invest in and make up the spending. Because the spending never seems to stop. You may think it's giving up, but I don't. I believe it's in the better interest for the shareholders due to the current circumstances even though they may not know it. Who is PA you ask? Time will tell...
PA = The guy who helped us get in this mess.
PA = The guy spending money soon.
PA = The guy who went to court today (BTW, for those interested my guess is that he received 5 days house arrest, a 543.00 fine, bread and water without the bread. Maybe Roach has some bread he could sneak to him, but something tells me he doesn't have any either. It's hard economic times for everyone even Roachs'...lol).
Even though finding out who to trust on these boards is difficult, it will be determined through the heart. I say this because something tells me trust is about to take a crash dive, even though you may have thought you have experienced the worst on this board. Brace yourselves it could get ugly. You determine that.
Any comments concerns please feel free to chime in. I know this post should get some feedback and I would like to communicate openly with the board because I do care for all. Even all three of PA's alias's. (No spell check).
Good point.
Stay with current operations.
"Management has some tough decisions with the money" once we win (being optimistic I know). I sure wish they had more time to make those decisions to turn things around, but they don't. The good news is I won't blame them for any decisions regarding these matters because I have taken responsibility in this investment. I have already stated many times where I STAND. As I was once told recently we need to think for ourselves at one point. The easy answer is to let someone else make it. It should help that their is no burden, but there is pride to deal with. "As the clock turns". Regardless of what you all think I love this managment very much no matter what happens becuase they tried to make us rich (still pending BTW). Even if it was a little. I honestly mean that. GLTA!
Sawdin, I understand what you are saying, but is it PBLS's fault their has been no transparency or someone else putting the clamps on? However, we can agree that it is the transparency that has us trading this low.
Sawdin, good points. To add to that. Any merger decision by the three who are not trusted to make good decisions would help things. As long as it prevented downsizing. On another note. Who knows how they are going to turn this around? My guess is we have 7 weeks before they can or we have news about the company. I have already stated where I stand. We will see what the company does. I hear you on the 2.5B O/S, but I seem to missing something. Didn't the company recently start purchasing shares or is that not the answer? Its X-mas funds are tight...I'm sure for the company too. Need a life line on that one. TIA. Obviously I'm going to get critisizm from my posts because we all disagree on the direction of the company. Everyone has the right to make their own decisions from here on out. Thanks for the insight my friend.
Reading PA's PR's everything else is headed in the right direction. There was a reason for silence and I believe the silence is about to end. Let's hope anyways.
Important company decisions need discussed with board members to ensure the right things are done. As it stands it's too early to tell if "current operations" should be withdrawn in a timely matter so the company could focus on new business IMO. Soon though advice will be given, and we can move forward. I owe you on advice. So here ya go...
"No one ever knows when, but mistakes will always happen and they need forgiven to stay positive. The problem is getting through the the sheild of pride to do that". GL all.
PA is or was right when he paid the back taxes on our townhouses. They need taken care of yesterday.
They need to let the "current plan" lapse. Then new decisions can be made IMO. A reward should be with the hand that earns it.
Roach its good to know we can still count on you to cheer us up.
John, BTW we agree on the global economy comment. You have to know where I stand.
John,
Good points about the company. I can only tell you what I believe. Just so you know, I will show my support for PBLS till the...you have to use your imagination.
About our forefathers. What is sad is that our founding fathers were given a constitution to follow and instead deviated to create their own. So here we are going down the same road as before, and history has told us where this road leads. I would love to say we tried...but did we really? Don't get me wrong I love this country and the people and always will. Our biggest problem as humans is we "quickly forget" if something is not always with us. If we could fix that one thing we would be on another path. Take 9-11 for example. This is something that I have personally vowed to fix within myself. Its always good talking with ya John.
Without inside information it is hard to determine what is being asked???...from shareholders. I would like to say patience, but I think we are all short on that. I do know in most cases that the best decision usually results from the discusions of many and not one. PA should listen to the shareholders. I believe the current proposals PA has seem excellent on the surface. However, I believe it includes alot of spending vice investing. I believe shareholders would agree to the direction of the proposals if they knew the spending could be reimbursed. It goes back to what John was saying about the creations of weatlh. I think he said there were roughly 5, and you can only do it with hard work and natural resources.
Here we go. Spend the money in Jan PA you have my blessing, but the resource to include minimal taxes will be needed to recoup that spending and recovered at large quantities until that debt is paid off...that has to happen! And you will always have to come back to the natural sources of wealth mark my words. Turning gears overnight will create job losses in other areas. We can't have that. The details are semantics. Give'em their package of shares I say. Yes include the Big 3 (PA,CA,RB) we have riskier loans out, and remove the lawsuits from states. They are a drain on the economy anyway. I am invested in a natual resource company and I am saying this. Why? Because I don't care about me. I am concerned for the people in this global economy. If this is held up because of personal needs then that's your decision and I am positive it won't be the right one. Know this. What will happen must take place now. Know where I stand on this. Do not be scared as shareholders as to what I am saying. Be strong and stay invested. I have included a legend, but read between the lines for my references have changed...
Natural resource = gravel pit (we still have that right?)
PA = ????? who can figure out who he is?
It's nice to see we can all play nice in the sand box on this Saturday morning. I have had a little time to think and I like the direction we are heading. I would like to reiterate that I agree that any funds used for lawsuits is a waist. Perhaps that is why PBLS is struggling. The money would be better served ensuring business stays afloat to meet payroll. We all know PBLS doesn't need to contribute to more job losses. What do we have 300-400 workers roughly..lol??!! It looks like we may have a good holiday season after all.
Chilar, regarding PBLS. BK or similar = negotiated restructure. Its common knowledge that the airlines survived BK. A re-orginization needs to take place so the new money is protected for the shareholders. That would have to be the deal. To dump any money into a black hole that has a cash burn rate larger than a bond fire is a waist. They have to re-organize now instead of stalling on the inevitable.
We need to invest shareholder money for future profit ideas not invest in poor past spending decisions.
I'm sure there are legalities with BK or similar and then investing (which could be considered a loan) money that I don't understand which would provide road blocks, but anything is possible when your in control, and when your in control and don't act you share the blame. I don't care how it gets done...
so we can show them the money to be successful in the future and quickly restore shareholder confindence to buy product.