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Well if were gobbled up above .034, can't say I would mind it very much at this point.
not in it's current form. It will be absorbed into the market cap of GSHF.
Because you will receive one share of GSHF for every 3 shares of GSCT that you own. At a current pps of .0128 you will get 1 share of GSHF for the price of .0384 which is almost 2 cents less than GSHF current pps.
.018 easy. Not quite sure why anyone would want to sell shares at .013 but I bought some anyway. GSHF = .053/3 = .018
Does this trade like there is a huge amount in circulation?
Series 3 are available for conversion. It does not specifically say they are issued shares and it does list specific character traits of series 3. I do not read these as being directly issued for acquisitions.
So what the heck is the market cap of PBLS and what is the float?
I still see an aggregate of 2 billion shares total. 1.75 and 250 million preferred.
IF someone could just issue a plain PR and filing and just tell us how many dang shares of each class are out there instead of giving us a last updated version of a 1998 document it would be swell. If someone could send the guy with the peanuts and cotton candy over to the upper seats in the end zone I'd appreciate it.
Stuff like this tends to make me lose my cool.
Think the 815 was the float if that makes you feel any better...or worse...
I can see that happening easily. Would prefer to think that the company is not involved officially though, but I'm not that naive.
I'm of the opinion that at least part of what you hypothesize is true, that there is a big gorilla naked short on this. How it came to be there is the speculative part for me. Loosely held company like this, the hedgies coulda sent the garbage man or the janitor in to get the info. The secretary coulda let it slip at the beauty shop for all I know.
Wary I am, just not ready to throw the company under the bus...yet.
Well, they had $7 million in EBITDA last year so I figure that's up about $19,000 while everyone's been posting here today. I like yard sales.
lol CC, always that way. Soon as it moves up 2 cents, they'll all be talking about the virtues of pbls and putting a spin on what a great move it was to wait for the PR. Patience and dry powder required at this point.
I would say that it is ten times that. Best way to combat that position is to release facts.
1 - Here to publicly express my humility for buying at .024 and .0115.
2 - Waiting for short covering, news, short covering, news, short covering ,news.
3 - Next maybe we're unseating Exxon in the realm of big oil.
Who is the big Gorilla?
The one that put the short on this at mid .03. Let's find out who and why and we'll probably have as much transparency as if the company released the share structure.
You are very much correct I think. Our church just had a youth mission trip to the Beaumont/southeast Texas area to repair some houses which had been uninhabitable for TWO years. And this was the effect from Rita, not Katrina. They said that you would not believe how much devastation remains. Haven't been to the south Louisiana area, but I would figure that it is probably worse.
That being said, I would guess that it can only get better.
Looking for good news, any news about the share structure, acquisitions, etc. There's a big short on this I think, clothes or not and the float is small. Gonna be some big action here before long I think.
Anybody here use Ameritrade? On their intraday charts I regularly see some big discrepancies in the b/a which are way over the last sale. For example, right now it shows the bid at .016 and the ask at .0175. Any ideas? Now it just changed to .015/.016 when the last when to .0135.
Exactly, if this was dilution who in their right mind would just go on selling and selling and selling when they could have trickled them in for twice the pps. There is more here than meets the eye and it is going to make for some weird volatility here before long. Big pockets is going to make a killing on this with the short from .03, buying em up here, and converting for .06. Whoever it is will probably have a heckuva say about what happens in Covington too, IMO.
You folks are not reading enough into this. There is a lot more than meets the eye here and I'm not talking about company operations or management.
Someone with some pockets sold this short at .034 and please don't start spouting all that mess about blaming manipulation because it happens every day on the big boards and is most certainly more prevalent with pinkies. It was flatlined at .034 with a seller for all bids in that range for a week solid. Whoever sold it short was counting on the confusion with the OS to make a move. Where did they get their info? Who knows, maybe the janitor, maybe a recent acquisition's leaky lips secretary, maybe they need a new paper shredder down there, we'll probably never know for sure.
Many very educated guesses as to the float have been posted and they are high IMO. With the drop we've seen, the volume is pathetic for the float to be anywhere close to a billion shares.
The ongoing lawsuit may be the reason the TA is gagged, I don't know for sure, but with the feud surrounding the pit, I think it is possible. I do believe this is worth much more than .012 and it can move a bunch when you least expect it.
Actually if I may be so forthright as to postulate that there could be a connection of sorts between this little charade we've seen of late with the pps and the ongoing feud. No evidence, purely conjecture on my part.
Ever ask yourself why?
You are right, it doesn't make any sense. Why offer to convert common float for preferred status at such a differential?
The only thing I can rationalize is to bring the short seller to it's knees with a super low float. Sounds crazy I know, but I can think of no other reason to redeem shares at such a premium.
So lets figure that Paul is smarter than almost everyone gives him credit for at this point. He figures from the TA that this is being naked shorted so he throws out the cert offer. At .012 this has got to be drawing shares to cert like bees on honey. Float gets smaller every day, many shares to cover.
Just saying that there is something here for everyone, and it's all good IMO. We might see this move 2 cents in one day, you never know. I think it's a stretch that we're still trading 30 million daily at this level.
Well a smart, well heeled machine would have shorted the heck out of it down from .034, been buying a crapload of shares in the lower .01s and converted them for .06. Even if they covered the short at .034 they win if they believe in the LT future of the company because of the differential in the current pps vs conversion rate. Even more if they can convert shares plus cover lower. Anytime you have such a differential there is money to be made and folks that will play it as such.
If an acquired company that had been issued shares sold them at mid .03 then bought them back at mid .01 then certed them that would be a coup. Surely they would be restricted though.
All in all, it speaks well of the company's future I think. Just have to get through these games. Sometimes what seems to add up to 4 is more than 2+2. JMO.
Well, manipulation happens all the time. See it regularly on big board issues and the transparency issue with a pk stock makes it especially easy. Long term, I don't think it indicates anything other than some person or firm with connections and big pockets is holding it down to cover a short from .034. Whoever it is wants to wear you down, make you wanna give up, make you think the grass is greener over the fence, etc until you give in and sell them some shares to cover with.
I don't think they're shorting right here because anyone with two legs (no offense intended to anyone) can see from the financials that WORST case this has a PE of 3 right now. Been in business since 1978, EBITDA of 7 million last year, etc.
Did they short? Yes. Will they cover? Yes. When? I don't know. Personally, I think they find themselves in a less than advantageous position than they previously figured to be in since it is obvious that the float is much less than what everyone previously thought.
There has been much adoo about the size of the float vs the OS. Short term, the size of the float along with the misdeeds of the capper will determine the pps along with news. Long term, I think we need to see the nature of the preferred structure PLUS the acquisitions that we seem to have spent 800 million shares or so on to gauge the true value, but I think it is much higher than the 20 million market cap we see with today's pps.
That's just my two cents worth, please don't buy or sell based on my perceived observations.
I would suggest it is the same rat who put the cap on it at .034.
xylan, sorry for the lack of dd on my part, but why/where the connection if you don't mind. Thanks.
Which would make the float lower even still. Can't really knock the deal, the company has been around since 1978 if I remember.
Either way the short hand is trying to pull up their britches. Certed shares reduce the float plus covering with a float that is much less than what most think it is or should have been. This just doesn't trade like it has a super big float.
More risky than .012? Would think so.
Gotta be out tomorrow but just to let you know I'm going to be pissed if I come back and my .0115 hasn't filled.
Play the game. .03 and more is coming our way. What you feel is right, only the timing is off. You'll be there and more if you finish the race.
Goat, I think you're on the yellow brick road my friend. Right on with the calculations although I think we're way lower than that because of stuff we can't verify yet. I mean we've had a pps decline of 65 percent in the last 5 days or so with volume of about 210 million (just a rough guestimate looking at my stockcharts). If this was a NASD or AMEX exchange that was more highly followed, we'd have likely seen two or more times the float change hands with a similar decline in pps. Now take out the flippers and I'd say the float is about 400 million, maybe less.
Big question is...where are the other shares? Maybe issued but restricted to the parties PBLS acquired? If so, must be one helluva acquisition to warrant that many shares. Can't really say I blame management for not wanting to personally field calls from disgruntled investors, I prefer them to git their butts to work and put some uptick on that 7 million ebitda they turned in 2006.
The .034 wall was uncanny. Someone big got wind of the release and shorted the .034, you could have bid a million shares at the ask then turn around and there were more to sell. Maybe the janitor was a plant and they saw the report on a desk prior to the release or something, stranger things have happened. I'd say there's a bully on the block that thought there were a billion plus shares to cover with but they are about to rapidly find their pants down around their ankles when they try to cover.
I've traded other exchanges for years, this is only my second pinkie to buy, so I may be wrong. There'll be some that laugh, but to them I say trade what you see, invest in what you feel.
Could be Bobcat! The slow stoch is making a little turn and it's ovaaaaaaaahsold below 30 with the rsi. She'll catch up with the 9ema PDQ IMO. I'm really surprised the Accum/Dist hasn't nosedived like the pps.
Well, I hate bottom fishing but I always catch most of my fish there for some reason. If I get a bite at .0115, I'm fishing with all of my poles tomorrow. I'll never sell below .07 either, and this is going there.
There is a lot lower float than most of you think, and this has been shorted heeeeeeeeeeeavily I figure. I figure we've got a good 6 days of 30 million + trading just to clear the cover. Remember the wall at .0345? It was there for a reason.
Best time to buy is when the chips are down and everyone else wants to throw in the towel. This has 2.8 PE and that is without accredited earnings from whatever they spent 900 million shares on. Gonna be a butt kicker in the end. Just wait.
Yes, I placed a GTC limit for .0115.
I kinda think we're making a triple bottom on the 3 month chart. We're just about the most oversold here now than at any point in the last 10 months. I'm thinking I might get filled tomorrow morning about .0115.
Well, I sorta thought it yesterday at 1.5. Transferred some more powder over to AT and was gonna gitrdone this morning, but think I'll wait until tomorrow and see what happens. This is going to be all about timing but it's is dang near a ridiculous valuation right now IMO.
Well, at this rate by the end of next week market cap should be close to 2006 EBITDA, lol.
As Mark Twain once wrote about the Mississippi River:
"n the space of one hundred and seventy-six years the Lower Mississippi has shortened itself two hundred and forty-two miles. That is an average of a trifle over one mile and a third per year. Therefore, any calm person, who is not blind or idiotic, can see that in the Old Oolitic Silurian Period, just a million years ago next November, the Lower Mississippi River was upwards of one million three hundred thousand miles long, and stuck out over the Gulf of Mexico like a fishing-rod. And by the same token any person can see that seven hundred and forty-two years from now the Lower Mississippi will be only a mile and three-quarters long, and Cairo and New Orleans will have joined their streets together, and be plodding comfortably along under a single mayor and a mutual board of aldermen. There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact."
There'll be a bottom here really soon I think.
Well, I haven't gotten that far yet. Will tell you that I googled the number (985) 792-4771 and found it listed under Texas ProGas, Inc. with the Texas Railroad Commission. I also found mention of it in the links below, one of which might explain the less than expected revenues. For some reason, I seem to have forgotten that progas has a Houston office. Anyway, here is some stuff rather out there, but it's good reading.
Also am wondering if there is any connection between Progas Properties, Inc. and South Texas Syndicate?? That's sorta willy nilly if there is no connection. I found them together under some April 07 orphan wells listings below.
I'll give them a few more days, then I'll call. Thanks for the number.
http://72.14.205.104/search?q=cache:IluhizgjjzEJ:www.rrc.state.tx.us/divisions/og/orphanwells/LaSall...
http://www.rrc.state.tx.us/divisions/og/orphanwells/LaSalle.pdf
http://www.iptm.net/8.htm
http://www.rrc.state.tx.us/divisions/og/ogdirectory/t.html
Personally, I think
1)they're shorting the crap outta this and
2)nobody here has a direct line to anyone in management.
Could be wrong, but not many times.
To be honest, I am looking forward to it. Hate it for all the others here and I don't like watching my shares I already bought go down in value but I am getting ready to have some serious dry powder if it does go sub .01. Long term, it'll be really sweet and worth the short term angst.
Hard not to believe it, I believed it at 2.4. Believed it at 1.5. Guess I believe it a little more now, lol. That's OK, don't mind the wait. Think folks are judging the book by the cover right now.
I don't think the OS are 1.75 billion either.