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seeclear - my gut feeling here (developed by over 7000 trades) is we are still in a long consolidation from the super pop we had in September. We are still working through those who are taking profits from lower levels, and unfortunately, people coming down from higher levels. There are still a lot of scared investors here, though personally I have a lot of confidence.
The market is looking down on oil right at the moment and that is not helping us a bit here. The PR's about Rome and the oil acquisitions are long term positive, but short term negative. That can change quickly though.
There is a pretty major PR campaign going on in PBLS right now and we need to keep the pressure on. Hopefully the campaign is not being funded by those who might be dumping. That would be bad.
And we need $$ numbers, period. That is what is making the stock cheap right now. Those who are buying are taking somewhat of a leap of faith. But, if we knew the facts the stock would likely be much more expensive (or NOT ?!?).
Thats great Stockz4O, but one thing I don't like about American Sheep is if out of the blue they post a sell for no good reason, the sheep follow right along. Hopefully PBLS will be standing tall at the bid to suck up all the scared shares.
LOL Cowboy, market makers execute orders . . . seriously, in this age of instant communications, coordinated groups of traders can do things that are blamed on MM's. Not that MM's are blameless either, but many times they are used as scapegoats or to deflect attention from what is really happening.
macdirsrules, I am convinced, but no one can prove anything on a message board. To me the MM conspiracy is way overblown. Traders make the market.
NITE is just handling orders, and has very little or no interest in trading the stock on their own accord, IMO.
I think there may have been some restricted shares becoming unrestricted recently. The buyback will absorb this hopefully, as well as the company perhaps preemptively buying back more restricted shares to keep them from hitting the market.
I think there may have been some restricted shares becoming unrestricted recently. The buyback will absorb this hopefully, as well as the company perhaps preemptively buying back more restricted shares to keep them from hitting the market.
cash2go - thats only an 8 acre site - Murray is 820 acres.
Did this company ever do a reverse merger into a shell ?
If yes, then is PBLS sure the shell was clean ?
If the shell was not clean, then old shareholders of the shell could have found a way to sell. It could be the problem all along.
pnew122 - all I see is a snapshot of Dec 31, 2004. Does not tell anything about when shares, restricted or otherwise were given, or for what. Don't be trying to feck together a b/s answer and expect me to swallow it just because you posted it. Get on your game. Now.
Restricted shares become unrestricted after a period. Someone may need to sell because they need the money, who knows why. After all, the seller might have been waiting for 5 years, and he might have a lot to sell. Might have been a big seller all along. We have to expect this. I think everything is ok.
My belief is someone has shares in compensation for some long ago (5+ year ago) acquisition and is selling. We will get past this, in time.
PBLS news
COVINGTON, LA -- (MARKET WIRE) -- 10/27/05 -- Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction related industries, announced today that a new oil lease has been acquired for its Mid-South Resources/Rome Oil and Gas Division.
The Company indicated that this new oil lease is located in the State of Kentucky in an area conducive to air rotary drilling. Rome Oil plans to drill five new wells on its leases in Kentucky prior to the end of 2005. The Company estimates its provable and accessible oil reserves in its Kentucky leases to be in excess of 300,000 to 500,000 BBLS.
Currently Rome Oil & Gas Co. has 18 wells that are producing between 5 BBL/Day to 50 BBL/day each, with an average production of 26 BBL/day per well, a rate of production that is expected to increase as new wells come on line.
In addition to their drilling activities in Kentucky, Mid-South Resources/Rome Oil & Gas Co. currently is in the process of registering to drill in the State of Wyoming and is in negotiations for a number of new oil leases in that State.
Paul Alonzo, President and CEO of Phoenix, stated, "We are very pleased with the rapid progress our company is making in the oil and gas sector, while our sand & gravel and construction business operations continue to grow stronger by the day."
For more information about Phoenix, go to the Company's website at: http://www.pbls.biz
grizzy, acquisitions are paid for by shares that have 5 year restriction so no selling by acquisitee.
The bet is whether the company has any value at all. Most of us think it does to the tune of multiples of the current price, but no one really knows how much until they get the financials straightened out. Some believe about 60 cents/share, though I have seen estimates as high as 1.70. Note they did NOT file for bankruptcy. The lawsuit is not important, I for one am not even looking at it.
OT Trops: Was that the Burning Man in the background in your film ??
But it draws attention to you, which you crave. Just follow the thread back, its funny !!
Waverider - maybe, but I routinely fill buys at best ask and sells at the best bid on the pinks - the problem is its always better to try to do it when there is appropriate volume, and occasionally the size of your transaction could cause a problem in getting it filled. I will agree that you will get filled faster below best bid and above best ask but usually you don't have to do that unless you are in a hurry. In my experience only (7000+ trades).
I'll hand it to you Creede, you have better command of the Queen's english than I do !!
cabel, wasn't it PXD who committed to drilling 3 holes in 12 months ?
How about tongue in your BUTTonHOLE - out boning 14-20 year old boize ???? That what ur name sez !!!!!
LOL but how can the basher wrestle with a tongue wiggling in his BUTTonHOLE ??
I dont care if the company PR's at 07:00 or not. If anybody sella on no PR they are a fool.
I relate gap filling to a drunken cowboy stumbling around the saloon - yes eventually he will cross his own path. All he has to do is keep stumbling around. If he falls down and passes out, he might not cross his own path.
WHAIE - slammed from $4 to .25, ran hard to .30 close yesterday. Bridge financing in place, company still valued at $1.70. Expect a super bounce from these levels.
WHAIE - slammed from $4 to .25, ran hard to .30 close yesterday. Bridge financing in place, company still valued at $1.70. Expect a super bounce from these levels.
I am watching CYBL, had been swinging it until I let it get away from me. I still think we could hear some news of a major chain carrying their products, etc. but still very early in the game over there.
Someone else drew a parallel with CYBL, who stopped diluting and gave the s/p a chance to recover, and it doubled off its lows and so far has stayed there. I am seeing more companies sell shares a little more responsibly now instead of just pounding the shares into oblivion.
Company news . . .
7/15/05 Raven Moon Entertainment 1000:1 changed symbol from RVNM to RVMN - 3rd r/s now, old RMOO.
vrso -
Big Developments are occurring within VRSO, the time to buy this stock is NOW.
The old CEO has stepped down to allow for a dynamic and experienced new Chief to take VRSO to the next level. The new CEO has vast experience running major communication companies, and can help VRSO reach its true potential.
Insiders keep buying more shares on the open market, and insiders have been granted options with strike prices from 0.50 to $3.00 + . This tells us they know that things are getting much better, and that the stock price will soon reflect the much improved environment within the company.
VRSO continues to make alliances including their most recent one with Blackberry and various other major companies opening up new markets sectors and providing for more products and better service for their growing customer base.
Revenue is Growing with each quarter - From 8-K July 25, 2005
“Total revenue for the second quarter of 2005 of $8.5 million represented a 29% increase over both the first quarter of 2005 and the second quarter of 2004, during each of which the company had sales of $6.6 million. The increase in sales over the prior periods was primarily due to sales of new technologies introduced recently, including the JTA I-Master application suite and the Netperformer GSM and Netperformer Universal Redundancy solutions, and due to the improved performance of the company’s reorganized salesforce.
Gross profit from continuing operations for the second quarter of 2005 was $3.8 million, or 44% of sales, compared to $2.9 million, or 43% of sales, for the first quarter of 2005 and $2.9 million, or 44% of sales, for the second quarter of 2004.”
……
“The recent introduction of new technologies had a significant impact on revenue this quarter and has laid the foundation for our recovery plan,” said Lewis Jaffe, Verso’s President and Chief Operating Officer. “Specifically, the acceptance of the I-Master suite has exceeded our expectations, as the market moves toward applications and open architecture. Also, as evidenced by our growing number of trials and the trials which are now turning into revenue, the introduction of our Netperformer GSM has positioned us to capture market share. With the revamping of the salesforce, we now have a sales team in place that is executing well. We are continuing our sales and product development focus on immediate opportunities, but keeping an eye out to ensure we continue to meet customer demand. We believe that these initiatives, along with improving economies in the markets in which we have a strong presence, will pave the way for continued growth.”
“We are pleased that the efforts we have undertaken over the last two quarters to introduce high growth technologies, restructure our sales force and redirect our marketing efforts are beginning to be reflected in our sales and operating results,” said Steve Odom, Verso’s Chairman and Chief Executive Officer. “We continue to focus our research and development efforts to introduce new products with high growth potential, such as our I-Master suite, Netperformer GSM and Netperformer Universal Redundancy, and the recent completion of the development of our softswitch solution for the North American market.”
…
Verso is a leading provider of next generation communication solutions for carriers and service providers that want to lower their communication infrastructure costs and enhance service capabilities without sacrificing reliability, scalability and quality of service. With an extensive solutions portfolio that extends from the core to the edge of a network, Verso enables customers to leverage legacy technology investments towards converged networks that are faster and more cost-effective to deploy and easier and more flexible to manage. Verso solutions are currently deployed in thousands of customer networks in over 120 countries. For more information, contact Verso at www.verso.com or call 678.589.3500.
Looks like things are moving forward as we have been told. This is the real deal folks, happy to have been given the opportunity to load up on some cheap shares, wow.
Not every day I can break in a new board - just getting in mostly because of the chart, looks like we are putting in a good double bottom, T/A indicators bottoming and looking to turn positive, worth a shot ! Now for some more serious DD. GLTA !!
Any possibility that DVN pulled out after buy in/out negotiations with ERHE broke down ?
QBID - may have landed DISH, Cox, Time Warner, will be carried on POD. One of the greatest momo plays of all time coming back.
PR out
We are beginning to DD the 8K - check the brand new Raging Bull BTSI board. Don't worry about the s/p drop today - the 8K after the bell explains a LOT, including a move off the pinks and on to the OTCBB when we close the deal. Hold on to your hats folks, this looks like the real McCoy.
BTSI Math and Response from CEO
(reposted)
In my opinon, this is will see at least a 500 percent run-up in the next 8-12 weeks. The attached is a response from the CEO:
1. The acquisition of Nord Oil is the first in the new direction of the company business plan. The current issued and outstanding shares of BTSI is approx. 340 million and a reverse split of 1:12 will be performed by or before September 1, 2005 resulting in the corporation have a total issue and outstanding post issuance of the acquisition and reverse split to be 216 million. It is fair to say that the short term net asset value of the properties to be closer to $350 million since this would be the use of the actual wells and no further exploration on the probable reserve. Having said that, the net asset value per share is $1.62 and if account any and all reserves of proven and probable without discounting by any recovery rate, the value of the asset is well above $2.5 billion.
3. We expect to complete ground work by end of August and begin production by third week of September.
4. Current management of BTSI does not bring any Oil and Gas experience but financing experience and corporate finance advisory. We will be nominated several other people to the board and US management. We have a strong team onsite in Russia with long history of successful exploration and production.
I hope this provides with with some clarification. Please note that we will release further information in the coming weeks.
Please do not hesitate to send me further inquiries.
BIO-TRACKING / NORD OIL INTERNATIONAL
Per: Jean-Francois Amyot
President
No, but if this is what really happened the fools did not know how to sell without causing a great deal of technical damage to the market in this stock, even permanent to an extent.
I think more of us are starting to realize that the awards announcement was just part of a larger process - the JDA had to inform the winners, and the winners in turn have to accept, then the JDA finally gives the go. Then we should expect some of the big money to buy in. And we get to work on the PSC's, etc. I suppose if someone decides to turn down their award after all, the JDA will have to do some kind of reallocation, but I give that almost no chance of happening.
So there were not enough buyers on the awards news to counteract the sellers, and we started down, which may have led people to believe something was wrong so they sold, which snowballed into more selling, etc.
But nothing was really wrong, just some (most) peoples understanding as to what was really going on.