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gabeh, I was told by Kanno that they have contracts to sell the product and that was part of the deal. I will contact you with further information.
banjo,
If you were to look it up you would see that Article IV is Vincent L. Promuto listing himself (of 2800 Yacht Blvd. Ft. Lauderdale), and a perosn named Louis Promuto, (of 9 Island Drive, Norwalk, CT.), as Managers of this company named VLP LLC, which states the business of this company as being Mining of Sand Gravel & Trucking. Seems to be a new company IMO, or they are just adding another type of business and Mgr. to an exsisting company.
Whirligig,
Well said.
Kimac
ammobox, if your having trouble reading Business Licence and the JV approval certificate, then your screen or font is most likely too small, as they are both easy to read on my screen. I also printed them out, and they come out very clear, so that would probably be the best way for your wife to read them.
The forms are both straight forward, and both list the Regestered Capital of 12 million USD, and the three parties involved in the JV, along with the nature of their business, etc, etc.
I'm not quite sure why wou would be so embarrassed to tell your brother in law that you invested in IPKL. Any small up start company is high risk until they get off the ground. Some make it if they do things right, adn have a good product, others don't. I know the vice president of Morgan Stanley, here in Tokyo, and after telling him about IPKL, he was quite interested, and said he would look into it further.
I did not feel anything embarrassing about that.
gabeh, I see some discussion about whether or not we IPKL has a business licence. I'm not an expert in Chinese but I can read enough to see that the document that is stated as, "Copy of Business Licence", says in Chinese on the first line under the Red Chinese Logo; qi ye, (first two words), which means "Business Enterprise", and on the line under that the lase word, "zhao", means, "Licence", and there is the dates, "zi" meaning from March 2nd, 2007, to, "zhi" June 1st. 2007. This is what a business licence looks like over here, so I'd say it's probably just that, a business licence.
Hope that helps you out a bit, as you seem to be making a strong point that you heard that they were just waiting for a business licence. Looks to me like they have one now. It probably just recently came in the mail as it would probably only be sent out to the office in China of which the address is listed in Chinese on the form. If you could read the section on the lower right of the licence, just above the date, you would see that the 3 companies that make up the JV are listed as well.
Kimac
fizzlegig, no, this web site has been the same since before PBLS bought them. I think since they have other web sites for fuel and maintence, those were the ones that people were looking at, but I saw this site when they announced the purchase last year. It still looks the same.
Shizoku,
Good find on this guy's lack of truthfulness. It's amazing how some people try to mislead others to make them feel sorry for them, but you caught this guy with his own words.
If he owned shares for 1 year from Feb. 2007, and we know that the PPS was definately not 0.10 in Feb 2006, because we were in this long before that date. Can't figure out how he bought for 0.10 during Katrina when he says he first bought 13 months ago.
ddragon, Your absolutely right! I'm getting a bit tired of a few investors who say they are long in PBLS, and now are talking of reporting PBLS to the SEC. I think what your seeing from these investors is that they are letting their emotions and impatience get the best of them, and that's not a wise thing to do when investing in the stock market, and especially if it's small non reporting pink company trying to grow it's self into a company hoping to oneday be worthy of institutional investors.
The type of emotional behaviour we are starting to see from some investors looks like they just are not very confident that they have made a good investment, and their patience is running out. If they were confident that they had made a good investment, I should think that they would not have a problem waiting for the time management needs to build the company to the point that when they do become transparent we all will be proud of what they have accomplished.
I think we must remember that only two years ago this company's yearly net profit was hardly enough for one person to live on, and in 2006 they had a net of about 20+ million on over 200 million rev., and I believe that that number is now much greater now on an annualized basis. I certianly don't have any problem waiting for the company to come out with financials and share structure on their own timing. They are not stupid, and they know what is best. If I did not like what they were doing I would just sell rather than complain on a public board. I was very happy that they gave the opportunity for investors to become preferred share holders, and last month sent in 10.5 million shares. I wonder if the people complaining have done anything like that to help get the OS down to a reasonable level so that when we do report, our EPS will give us the PPS we are looking for. I'm sure some have sent in certs, or are planning to, but probably not the ones that are complaining that they want to report the company to the SEC. I'm not saying that I think that sending certs in is something that everyone must do as it's an indivudal decision, however I do think that reporting the company to the SEC just because one wants to see the financials, or to put pressure on the company, is not only foolish and short sighted, but shooting one's self in the foot as well.
If PBLS were to put out financials before they were ready to do so just because some investors are calling for it, well they would be foolish IMO, and I don't think you will see it happen that way.
I believe that when PBLS put out their PR about planning to become fully reporting in mid 2006, and later share structure coming out soon, these were forward looking statements which they thought could be attained. In the course of business things have come up that have changed that timing, and that the company all investors will be better off in the long run.
My advice is to sit back, relax, don't look at the SP every minute of everyday as some seem to do. Let the company do thing on their own timing, and when they are ready they will send out a PR saying that the financials have been posted.
Kimac
smallfish, I'd say that you should think about what you are saying first. If you feel that way, you should first sell your stock, and move on, rather than shooting yourself in the foot!
Kimac
gabeh,
I disagree, as the SEC can be very difficult to deal with. I have talked to Mr Kanno on Friday, and if you feel this way, then you too should call the office. I believe that Mr Kanno will be advising us share holders very soon as to the progress.
campioni, just to let you know I called Mr Kanno on Friday, and he has assured me that they are doing everything to get this suspension problem sorted out ASAP, hopefully well before the 10 days are up.
Mr Kanno was probably more surprised than anyone else when he heard that IPKL had been caught up in a SEC swoop of 35 companies who were stopped from trading for 10 days.
Mr Kanno has spoken to SEC lawyers, in an effort to get this resolved as quickly as possible. When I talked to him, he already had documents ready to FedEx to the SEC, and I believe that they were either sent or going out very shortly after we talked.
It seems that last year some pumper did send out some IPKL spam, and this may have been what brought IPKL to the SEC's attention, however I think it's still not known what exactly it was, but Mr Kanno is dealing with it swiftly and professionally. It does not look to me that the SEC has anything that should have caused a stop in trading, and hopefully once they review the appropiate documents from IPKL they will give them a clean bill of health, and back to trading ASAP.
Unfortunately this has somewhat taken away from the March 6th PR announcing the Chinese Government's approval of the JV, however I personally don't believe that it will slow anything down, as understand that work on certification and outsourcing of the initial product manufacturing is moving forward.
While this is an unwelcome bump in the road, I don't see any reason that IPKL will not quickly get back trading IPKL and be sucessful. I have conficence that Mr Kanno will get done what needs to be with the SEC, and in the mean while the business should keep moving forward.
While I was quiet concerned as I'm sure other investors were when they first heard of the trading hault, I am much less concerned now, and Kr Kanno has my support.
Kimac
remember, on the "pinks", it's the MMs who set the price, and not the market. Supply and demand is only found on higher exchanges.
TD2A/It looks like it as for a few minuets my trading account was showing it and IPKL shares in my account valued at over $400K. Got my attention for a minute anyway.
kimac
Renavatio/I see that you make the following statement:
[And BTW, Phoenix currently does not claim to use restricted shares for acquisitions (and I can find no evidence they ever did)] *****Then please look at the July 1 2005 PR!*****
If you'd been in this stock since July 2005, and or read the July 1, 2005 PR which can be found on the PBLS web wite, you would see that your stament is incorrect. Actually in most cases PBLS uses five year Restricted common shares and in some cases they in addition use Preferres shares, depending on the deal they work out. I got this from talking to their Director of acquisitions Ron Blackburn, and it is also stated on the above mentioned PR, which can be found on the following link.
http://www.pbls.biz/pressrelease_content.asp?prid=22
kimac
gnulnx/Not only did I survive, but happened to be watching level 2 as they were bringing it down, and I was very happy to buy more at 0.085.
kimac
shane67/Your right about the market being hot, however the best thing for IPKL will be that the Chinese government has said that it is clamping down on mine operators to improve safety by upgrading there safety equiptment and oversight of all mine operations. This will be where IPKL will have the oportunity to get involved and establish themselves prior to other expansion plans.
kimac
portlander10/I agree with you about IPKL's great future. I glad I recently got myself a nice position here. Yesterday I called the office and spoke with the VP of engineering Kouros Goodarzi. I was pleased at all he had to say about the plans and direction for the company. 2007 sounds like the year that things will really start to take off for them. There is a vast market for them and they are getting close to tapping in of some of that.
kimac
lowman/Let me introduce myself to you and the board. Wirog has recommended this stock to me, and after doing some reading, old PRs, company web site, some posts on this board, I have decided to take an initial position in CTUM. I do recall some talking about it back in Feb., however at that time I did not check it out. Better late that never. It seems like and interesting company with potential. It will take me some time to get up to speed about all the company has going on. Let's hope it does well over the next 1 to 2 years.
kimac
coydog/I agree with you and have been adding a lot more shares everyday.
kimac
rover az/ To answer your question about the 5000 share blocks.
First, this is a bit LONG WINDED so I hope I do not bore you, but at least it should inform you about non US account holders buying shares in the US market.
Yes, at one time, I did have to buy 5000 share lots, (but no longer do), because my broker, and most banks that act as brokers here in Hong Kong and Asia have a commission structure that is not friendly towards folks who trade in penny stocks. Some of them will charges something like 1 cent a share or $20.00 US per trade of 5000 shares max block size. It's a real rip off and keeps many from even thinking about buying penny stocks under about 15 cents per share. Even in the past I would never have bought cheap penny stocks this way because if the SP was 0.004 your commission charge would have been 100% using the $20.00 per 5000 block of shares option, or on buying any stock with a SP of 0.01 or less your charge would be 100%+ in commission. This fee schedule is not so bad if your buying stocks worth 0.50 or more in price.
I guess in answer to your question, it could be that someone has an account like this, and that is why you are seening this size of share blocks traded. However you should know that MMs frequently will also break up a larger order and post the trades in 5000 or 10000 blocks as they are partially filling the orders.
I no longer have to pay high commissions as I'm now using a Hong Hong Schawb account that provided I keep 1 million USD in either cash or cash and stock value, I only pay $9.95 per trade. I can now buy up to 1,000,000 share blocks for $9.95, if I want more that that I must place another order and pay another $9.95. The cheap commission online broker accounts are not available to floks over here unless you have a US pasport and pay US taxes, if so you can have a US online trading account, but in doing so one will be subject to US capital gains taxes. As non US cit. we don't pay any tax on our gains here in Hong Kong. Account holders who do not pay US taxes are excluded from getting a trading account from any of the US based online brokers. I know because I tried to get and account with a few of the well known brokers and they all sent me the same response. "Sorry we can't provide you with a trading account because you do not have a US SSN, and do not pay US taxes. I am now glad I don't have an account with a US based trading company because of the tax libility.
kimac
pbls4ever/Thanks for the great photos and update on your trip.
Very interesting.
As for the fuel deal, that was also my understanding. Once BestAero enters into a Aviation Fuel Contract with an FBO, then the bestaero.net credit card can be used, and the buyer gets a discount, and bestaero.net gets a percentage of the fuel sale, while the pilot gets mileage points. The card can currently be used at about 600 locations in USA & Canada, which are listed on their web site. This is just my understanding of how it works. I seem to remember a PR mentioned that they were expecting to increase the number of locations the card can be used at to about 1000.
kimac
georges/greetings, good to hear from you. Great News, this should be the beginning of great things for this company.
kimac
justhere/You do not need certs to receive a dividend. Your broker must pay it to you as he has bought the shares for you. I have received dividends before this way. Don't worry about it.
kimac
asus/how are you? I've been buying a few shares this past few days, and am now holding 14.5 million with a low average. I understand from reading this board that there are many who are quiet stressed with the dropping SP. I for one have just seen it a great chance to pick up a lot more shares in an undervalued company. I'll continue to buy more at these prices.
kimac
elsieCat/I would relax and not worry too much. I'm not. I believe the company is doing fine, and as for the information someone posted about the pit, well it's been going on for 2 years now, and they haven't gotten anywhere because the company has a lease to do what they are doing. As you all know, at this time they are spending a lot of money to greatly increase the output at the pit. They would not be do this if they thought they would loose it. Things should turn around before too long. IMO this is a great buying oportunity at 0.0055. I don't know if this is the bottom, but I never thought the price would be this low again.
kimac
Oldteck/I just want to make sure that people don't get confused with the areial photo of the gravel pits shown. Most of what you are looking at is TXIs gravel pit which is very big. The Murphy pit is the small one on the left side of the highway and the TXI pit is the many big pits on the right side of the highway. I know this because I been through the entire pit area by car last December. I think that you may find that the photo is a bit out of date, and that the Murphy pit has been expanded quite a lot since United Soils has moved in, as well I'm told one of the new PBLS dredges should have arrived by now.
kimac
still wet Bhind ears
Maybe what Pnew122 is trying to point out between the April 26, 2006 PR, and the Sept. 26, 2006 PR, is that the company stated that the estimated rev. for 2006 should exceed 250 million, and the Sept 26/06 PR now estimates that number to be around 206 million. I can't answer for Pnew, but it may be that some now feel that this will not be as big as once thought, or will just take much longer than expected, since at one time Paul PR'd that the company expected that rev. could exceed 1 billion by the end of 2006.
Maybe the suggestion is that this could be a reason that someone would short the stock, and or be a reason for someone to sell off some shares.
Whilst according to the Sept 26/06 PR, it looks like the company will not get even close to the billion in rev. they once talked about, I should think that if they exceed the 200 million in rev., and make a 10% profit on that rev., the SP should be trading much higher if they can prove it by audited financials to back up their claims.
kimac
gnulnx
Sorry I've taken a few days to answer you. I feel that the Best Jets acquisition was a very good move for PBLS. The timing was perfect for Pheonix to jump in and now Best Jets has the money it needs to take the company to the next level.
The contract with Aviall was very important, as this company is the biggest in it's field. Major deals will be much easier to come by for Best Jets, now that they are in with the big boys. Once they absorb this growth phase, they should be in a position to expand even further.
As for the aircraft sales, this should be an area of rapid growth. Sales of business aircraft are on the rise, and I believe that there should be a good market for the Lear 25 which they are upgrading to todays standards. After years of flying Lear 24/25 & Lear 35s in the 1980's and 1990's, I can say that nothing in there class can match them, and a upgraded Lear 25 able to operate in RVSM with glass, as well as having the hush kit, well, I would think that they should be in demand when selling for around the 3 million mark.
The area of aircraft management is another one that is growing very quickly for those companies that do it correctly.
Best Jets is currently manages 11 aircraft, and has just stated that they plan to grow that to 75 aircraft. I would think that they would be also looking to move into the larger business aircraft in order to grow the business.
kimac
balancer/I'd say your right about the first part, and yes I have as I fly them both Lear and B747-400.
Waverider110/gnulnx
I made a mistake with regards to the location of the oil shale deposits, on the map that you posted. I have looked at it more carefully and can see the high grade shale oil areas are only in Utah, Wyoming, & Colorado, and not in Nevada as I thought.
Sorry about that, looks like it's not near the PBLS Nevada leas at all.
kimac
seeclear/
How are the Oilers doing? I heard that they were upagainst a wall. iF they don't win it there out,
I'm originally from Edmonton, but moved TO VANCOUVER, and now Hong Kong since 1993.
kimac
Chapter54/hansum
How ya doing Chapter? Asia seems to have the highest charges for online trades.
as hansum mentions, over here we must pay either 1 cent per share, or $20 USD for each 5000 shares. Thake your pick as to which one is best for you. Schawb Hong Kong is better and I have now moved there because they only charge $29.95 plus 2.4% per trade if done online. That's still very high compared to US based trading accounts, however there is one good thing here in Hong Kong that Schwab offers, and that is if you have more that 1 million USD in you account, stock or cash it does not matter, I have finally met this limit, so from now on, I now only pay $9.95 per trade. SO basically over here we need 1 million in our account to equal the great deal that traders living in the USA get to enjoy. There's also know way to get around it.
kimac
gnulnx
I agree with you comments about that letter looking a latenight get rich promo letter. I would not be surprised if there is shale oil there, however the statment they make that some company now says that they can extract it for about 10 dollars a barrel sounds way off the mark. It's well known that in the past it's been just too expensive to make it a viable source of energy. When I have time I'll try to do some research into their claims of many other contries such as Australia and China using this type of oil.
kimac
Waverider110
Interesting, there is a map on the link that you provided, and it looks to me like the 7871 acre lease that PBLS has is right in the middle of a dark green area that is said to be underlain by oil shale more than 10 feet thich, which yeilds 25 gal. or more oil per ton of shale. It someone is keen they could work out how many tons of shale that would be in 7871 acres (about 12.3 sq. miles) using a minimum of 10 thickness as stated. Just need to find out the cubic volume of a 1 ton of shale. Sounds like a lot of oil, not to mention what may flow out by conventional drilling means. It also looks like it could be possible that the WYO lease is in the same type of formation. I'll have to look that up.
kimac
I don't think so.
georgebrennet/Asus/good to hear from you again George, and thanks to you Asus for all you time and effort in maintaining this board. Good things are just around the corner IMO.
kimac, Hong Kong
bagwa-john/I did not realize you worked in South Bay. I was in Torrance yesterday for a few hours.
volume looking better today, 5,419,089 0.031/0.032 Last 0.032
kimac
hitemp/You make an interesting statment,
"as there is no way PBLS could afford 2 million in cash right now with current neg/acquisitions",
How can you make such a catagorical statment? I'm wondering who gave you the information that they don't have the cash? I can say that I have sat down with Paul and talked for about 1 hour about his plans and, after that I believe that he does have the money to buy the 110 million shares that they bought at the going rate, and still has money for growing the business. I don't know how you figure them buying shares at less than half the market value? Sure wish I could do that.
From your many posts where you have on many times strongly put down Paul Alonso's running of the company, I'm surprised that you still have an interest here. You are entitled to your opinion, and I respect that, however I for one, actually have a completely different opinion of Paul Alonso's running of Phoenix. My family and I have 7.7 million shares and are increasing up to around 10 million, and we are happy with Paul's management, as we can see the big picture.
I realize that you feel that you have a problem with Paul Alonso because of a phone call that did not go as you would have liked it to. These things can happen, but in my opinion it's best to put it in the past and move on. You will be much happier for it.
I have listened to Paul handle an upset investor on a phone call while I was in his office, and I was amazed at how well he handled it. Paul remained calm and professional, and soon the investor became a very happy investor. I was impressed by that ability to smooth out the situation.
I believe that Paul will be successful in carrying out the plans that he has for Phoenix, and I have no problem in giving him the time he needs to do that, as well as the respect that I feel he is due.
kimac
macdrsirules/Your right about that.
I believe if they wanted they could buy all the shares that are out and them some, but I'm sure they will keep some money for more acquitions, and some to show as a nice profit when the Form 10 comes out IMO.
I was happy to have picked up 1 million this morning.
kimac