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REn you hit it right on the head. I said my peace to all of those interested parties on board here. They announced the large deal and now they are working on it, it will take months for them to finally realize the magnitude of the transaction. As was stated previously they did their duty and announced that they had signed a deal and now they have to work on it to make it happen. It does not and will not happen over night. I dont like how the people on this board dream up things of why things occur and for what reason. They dont have the facts, but decide that because something does not happen there must be something wrong or inherently bad in what PBLS is doing.
I have full faith in PBLS and it will not waver. Those who do not have believe in the company sell and get out, if you cant handle it, get out.
This will be my last post for at lease 60 days enjoy.
look at the GREM home page on investors hub, looks like the float is 110M as the major share holder is the president.
First you need to understand accounting 101 for mining operations. When the asset is put on the books the company usually has a engineer put a value on the product that is in the ground. This is usally based upon a measurement tool that is then converted into dollars. For example it is probably in tonnage. The estimate the tonage and then multiply by a cost factor and this will provide you with the balance sheet value that is the cost of the product you are about to mine.
Now how to you account for mining the product, this is where your deplection account comes in, so your mineral reserve account should remain the same unless you find additional mineral reserves or buy new land that has additional reserves. The you have your depletion account which tracks the usage of the minerals. So take the mineral reserves minus the deplection and this should provide you with the estimate of how much minerals are left.
It works similar to depreciation but depletion is a much more tangible valuation tool in that you are subtracting what you use rather than subtracting some pre-determined useful life of an asset as depreciation accounts for.
I hope this makes sense now to you.
That is nothing new, they have only had 1 employee for years and have claimed financial distress for years as well. If for one thing they clearly state in their SEC filings that they struggle to make it by and the future looks grim. After reading their disclosures you almost get sick, but who know what is really going to happen. will the nano-technology save the day, thats what alot of us got in her for was the promise of promise. New technology, so if it happens we will be able to share with
Ok, I did not get the direct word about divy checks, but I did learn than PA is going out of town for 2 weeks and the accounting department is in a hurry to get all checks printed and signed by PA before he leaves. I did not ask about the divy checks but this very well could be them, just remember that the dividends have to be paid sometime, they do accumulate no matter what.
As far as the naked position, regardless of what the actual position is for PBLS, the SEC rule will have an affect on the market. As anyone who has FTD's open and they remain open are barred from trading until the positions are covered.
Management firmly believes that PBLS has been naked shorted to the tune of 1 billion shares. If this is the case we will see what happens in the months to come. The true benefit is tha after the date comes and goes no company may claim that they have been naked shorted to death, provided enforcement is not an issue.
adios amigos. hope it all comes to fruition.
I am going on a sabatical from PBLS as I believe nothing of merit is going to occur until end of October/November. We will have the 3rd quarter numbers and also if we truly have a significant naked short interest in the company, then in October when the grandfather clause is removed, the nakeds will be forced to cover,which in theory should drive the price up, how high we dont know, but it should go up and then retreat back down, hopefully holding at a respectable $.10.
So good luck to all and all we can do is wait, dont expect too much action to affect this stock in the next 6-8 weeks. I firmly believe in PBLS and management, in what they are building and where that will take us. We should all be handsomely rewarded in due time for our perseverance.
We dont have all the facts to make the correct evalutions and conclusions. In due time all will be made clear and the value of our stock will so reflect.
Have a great day
There is no upfront money from KOMEX, it is a performance bond.
What do you think? We evaluated the ability to repay a debt. All divisions, full disclosure on all revenue and payments were made. Seeing the financials and then seeing the actual bank statements for all the companines made a believer out of me. We are on solid ground.
Just to give you another sample non PBLS expierence, I am from Jamaica and in 3rd world countries my family was putting money on deposit at making 50 percent return, literally your money would double in 2 years. Those who played it right made a fortune, one of my uncles put a million in and 2 years later 2 million came out and that paid for the family beach house. so 3rd world country economics are a different animal. You hae higher currency exchange rates, no formal credit bureau system, so in 3rd world countries you are lent on your name, no credit scores, just your business and your repuation on the island. If you introduced 12-13% money in Jamaica for instance you would have a line wrapped around the building, low interest rate auto loans are 16%. But enough of that that is a totally different animal with huge profit margins to be made. Say you borrow at 7% up here and then take it down and lend almost risk fee at 17-20% to the best borrowers in the country, you see how you can basically print money.
As you all may know I have seen the documents you all are discussing here as far as cash flow, income statements etc. Ren you are absolutely right, they have no problem getting financing from banks, just ask Madison Capital, the lender that financed the Condos as they only asked for a 3 month interest reserve, so that should clearly show you that PBLS had very strong cash flow statement. I have seen the bank statements for a significant time period and they show increased cash flow every month from a multititude of accounts. Several million dollars a month and its double digits. Thats why I am so gung ho on PBLS, I have seen the cash move and its a pretty sight. You cant lie about deposits on a continuos basis. Especially when most lenders ask upto 12 month interest reserves depending on the risk of a loan, so 3 months, really revealed the strength of Phoenix Cash Flow statement.
So that is my two cent, obviously you probably all would love to see them, but confidentiality agreements do not allow me to disseminate the information but I have always been honest with you all. Its really there. Good night
You have to remember that as a public company Phoenix does have a certain responsibility to relase information otherwise if they held back they may open themselves up to other potential liabilities, depending who the deal is with and what insiders are made aware of the potential deal. So they error on the side of caution and release a road map of what is suppose to happen and then fill in the gaps as the details are finalized.
I dont think they could have sat on the information anytime longer. This did not happen overnight. Paul has been working on this for months. Like I stated before they Ron was tired of just talking about it and said if this is for real then lets do it. Ron is not a procrastinator, if it makes sense for the company then they tackle it full bore and make it happen.
As far as pro gas is concerned, while it had the potential to be a huge revenue generator the margins were very tight. Thast one of those deals that was announced, the did acquire Pro Gas, I just dont know what happened since then. I do believe now that they are no longer part of Phoenix. It will be interesting to see how they announce the ramifications of Pro-Gas leaving the Phoenix group of companies.
If the deal did not pan out on what they thought then I am glad that they make the decision to cut their losses and move forward. In business you have to have a decision maker, if you linger too long you either lose the deal or the deal eats you up. Just like anything else you make your evaluation and then go with it and then if facts change you re evaluate and make another decision.
As you all know I firmly believe in Phoenix, I know how some of you think way outside the box on what could possible screw up the deal and lose all of your investment, but just like any stock you have to trust the information released. Thats all we can rely upon thats all we are given. If someone wants to defraud us then they will do it, no matter what type of exchange they are on or was government agency is monitoring them. I like seeing what is going on and hope it continues. It would be nice to retire before I am 40.
have a great day.
Yes they do. Obviously if they are borrowing the funds and are putting a mortgage on the property then the lender will always want at lease a Environmental Phase I study. If that shows us any potential problems, the a more extensive study would be ordered.
Additionally, if it is a cash purchase the contract should address environmental liability and who is responsible.
YOu have to remember this is a HUGE deal, that cannot be finalized until other deals fall into place. We all know that we dont have the ALL the product right now to supply the contract. So until PBLS acquires additonal property they cannot fullfill the contract. Deals like this dont happen overnight, they take months and months. First there is the agreement then there is the due diligence phase and then there is put up or shut up time, closing.
They have been working on this deal for quite a while. It had been talked about for months between PBLS and the partners and then Ron finally got involved, he basically called all the parties and said he was frustrated with the process. Basically Ron was the catalyst saying if this is going to happen lets do it, if not lets move on to another project. Well when this occurred is when we were notfied, All parties wanted to play ball, they signed the agreement and now they are working out the particulars to make the deal come toghether, produce product which will then product revenue. As with other companies they will announce a transaction and then it will take 6-9 months for the work to finally pay off. This is not a million dollar deal but a billion dollar deal, thats a B.
In order to do the B deal they had to take on new partners, who have to acquire a piece of the company and do this and that and more of this and that, a whole lot of work, lots of capital to be invested and coordinated. There are many details that have to be ironed out, they have the agreement in principal now its time to work out the details to make it revenue generating. Thats what we are all waiting for.
We ask for infrormation we get it and then we want more. What we need here is more patience and realism about what PBLS is doing. People here believe that once they announce something the PPS should go through the roof, if it did that and the the contract did not meet expectations the PPS would be highly inflated. I prefer it this way, the hard work will payoff and when the stock price increases it will be supported all the way up and we wont have to worry about it decreasing. Im here for the long haul so lets see the contract grow quarterly along with the PPS rather than a spike which would more like be a gamble and then we dont know what we have.
This if for real, treat it that way, let things happen it has not even been a month since they release the information. They told us the general outline of the transaction, the players but they told us it was only the beggining the announcement was the easy part now the hard part starts the actual work, meeting the terms of the contract.
Good day
I believe that he is still away on business, should be back tommorrow. They were down here in Florida again.
Just remember that the hedge/institutional fund that is looking to invest in PBLS is trying to verify the KOMEX contract. Once they verify they will be able to recommend PBLS as a "buy".
So they are doing our DD work for us. I would expect the partners to buy before the contract is validated to the fund. At lease that is what I would think they would do as once the PPS increase so would their investment. The partners want to be able to take advantage of the fund investing.
How long do you all think it takes to build a company from nothing to a billion dollar company. Many on this board talk like it should happen overnight. What is considered good growth? I dont think you can argue that Phoenix is NOT Growing, because they are. While the share price may not grow as we like, we have to be able to sustain growth, increase profits in order to support a strong PPS. Otherwise we would be buying into an IDEA, like most pinkies are and in those cases less than 5% ever make a profit on the books. The people that make money on the other 95% are the flippers who know when to buy,sell, short, naked short etc. I dont think we give Phoenix the true credit they deserve. As I always say, "why did you invest in PBLS?" What were your expectations? I knew I was investing in a real company with real assets and real potential to return a large profit on a small investment. I truely believe that in 5 year Phoenix will be as strong as ever and I cant wait to watch it grow an profit. This is something special. Business take time to grow and prosper, their is no magic wand that a business possess. How long did microsoft take to grow, I am sure they had significant losses in the beggining, as all start up companies do. The key is do they have a good business model, are they investing in markets that have growth. I just think not enough people are realist. How many stocks in our lifetime have we seen go from subpenny to a $1.00, not many but 1000's were promised and people were sold the dream, with no assets to speak of.
I just dont like how people say they have been here for 2 years and Phoenix has done nothing for them. I think you are completely wrong. YOu are truely not being fair in the evaluation. Yes you have seen the os grow, but so have the assets and acquitions. If you issue stock to acquire assets then OS will grow, so long as the assets aquire increase revenue and profit margin then it is an excellent way to grow a business. Otherwise you would be looking for start up capital which would entail giving the company away to secure capital for growth. I think we all need to take a step back and see whats has happened here and do remember that the statements are forward looking it is what Phonenix thinks is going to happen, what they want to happen. Those will never go away no matter what exchange we are on. All companies issues forward looking statements. No one can predict the future.
Well enough rambling, I am just happy to have the opportunity to watch this company grow. They are for real, no matter how some people want to discredit them. If you dont believe then get rid of your shares. Thats what makes a statement. It seems that even when people are negative they dont sell they actually buy more when the dips occur. Why is that? because they know this is for real, sure we would like the pace picked up, but we all know they are doing the right thing for the future. Build now and the PPS will come as profits and revenues increase as PBLS becomes more stable. Look at it right that we have low opportunity cost to take advantage of this stock while it trades so LOW, compared to the potential.
Actually one is listed for $479K and the other for $450K. These units are beautiful, fully remodeled, granite countertops, all the upgrades, hardwood floors etc along with a covered boat slip in your back yard. Great for the boater, direct access to lake ponch and the gulf of mexico.
Saw pictures of the complex before Phoenix purchased and now today what a changes , they re landscaped everything, painted the tennis court, redid the pool the club house and opened a sales/management office. Redid all of the boat slips with new deck. They are really turning this property into a gem.
When they purchased the units were valued at 225-275K now they are valued at 325-375 before being remodeled.
What a great investment for Phoenix.
I have a couple of things to day about this. They are complaining about the pool not being finished on time, yet they clearly admit that it was a very rainy spring. Dont get it you can work on wet ground or wet cement, you would get a poor job
Next they say that they had a written contract but an oral agreement as to completion date. Well with anyone who know contract law, it clear states that was is written is what governs. If an item is agreed to it should be put in writing. This way a court would know what the parties agreed to. Oral agreements are not the same as a written contract, the terms of the written contract will alway govern the agreement. If what was agreen to orally was important the parties would have put it in writing. There should be a paragraph in the agreement that states oral promises are not enforceable unless put in writing. MAJOR PART OF CONTRACT LAW.
Another part that gets me is that the writer who I assume is the homeowner, states that "Inspection visits and interior work were not coordinated with the homeowner". That just does not read right. If the homeowner wrote that they would not refer to themselves that way.
But regardless of all this, it was great to know that we had additonal projects going on. Doesnt make sense that they never identified the PBLS person buy name. This sounds like the customer you can never make happy. They only hear what they want to hear and see what they want to see.
They even stated that they were very happy with the subcontractions, the workmanship was excellent. You have to look at the source to get the true intent of their complaint.
Some people just like to bitch.
Badmoon I wish you analysis was quite that easy, but it is not when they announced that they were increasing production in the mine, they most likely did but that would not triple the revenue for the entire company, the revenue for the mine would be tripled, so you cant apply your figures to the entire corporation revenue figures.
Now if we had the breakdown of the numbers on a per division basis you could then apply you analysis and be correct.
So as happens here alot you have to realize what the financial represent. Dont infer things that are not there it is not fair to the company. You try to discredit them by taking a PR out of context.
Make sure you use the information as provided. You cant look at an apple and then compare it to a grape. It just does not work. As with anything we can manipulate the subject matter to what we want to see, but it would not be the truth.
So please take your time with your analysis. We see growth and we pray than it continues to grow.
Ok lets tackle a few of your questions.
1st mineral reserves, when purchased the company puts their estimated value on the entire mine, the decrease of course is handled by depletion, this is the use of the mineral reserves.
Lets go line item for line item
The building at 728K is the company headquarters the $225K is the land the building sits on.
Real Estate Holdings is the Condos (booked at purchase price, even though it appraised for higher)
Mach and equipment increased in value.
Leasehold improvements etc.
As far as acquisions go, we are not provided alot of the information. When we aquire a business they may operate out of a facilty but not own it. 2nd some of the acquisitions dont come on the books the day they are announced sometimes it takes time for the transaction to close.
In the 3rd quarter we should see an increase in machinary and equipment from the purchase of the air planes. etc.
So you asked legitimate questions but some of the transactions are not booked yet, so they wont appear in the financial statements, plus we need more detail on what was purchased, what assets of the business being acquired.
Hope this helps you out.
I do not believe that they have PR that the bond has been posted. Upon posting of the bond we should see the increase in investment in capital assets, then the following quarter of the increase we should start to see the corresponding increase in revenue.
The idea of PBLS reporting on a quarterly basis will allow us to determine the validity of their operation and validate the information we are being provided.
Growth Growth Growth. The more they tell us the more we expect to see the numbers grow. I am not in here for a quick spike and get out. I expect PBLS to grow quarterly and build a solid foundation for a billion dollar company.
They have the ability and the determination and they have the investors that will continue to back them provided we start seeing the revenue growth. Alot of us have stayed here with promises, now that the promises are becoming reality will only lead to greater investment and recommendations to our friends and family members.
This is getting exciting. Cant wait to watch the growth, this can really be something special
I want to clear up for everyone what a Performance Bond is.
For 1 PBLS will not see this money, it should not appear on their financial statements. This is a bond, the bond guarantess something, ie in criminal cases a defendant puts ups a bond to get out of jail, so long as he appears at all of the hearings scheduled he gets back the bond. However if he failts to appear then the county/clerk of court gets to keep the bond.
A bond is a promise to do something. In this case KOMEX will put up the bond as a measure to show PBLS that they intend on taking receipt of the products generated from the contract. This allows PBLS to invest in the large capital investment needed to fullfill the contract. Now PBLS knows that if they perform and delviver the goods then the will get paid, one way or another.
If for some reason KOMEX does not take delivery of the product and PBLS had performed under the contract then PBLS would claim the bond. It is PBLS insurance for investing in large capital assests to meet production.
The bond will be secured through an insurance agent. Either KOMEX will put the entire 3% cash into an escrow account or they will contract with a insurance agent to put up the money for them.
So please make sure that NO one looks for the performance bond to show up as an asset on the financial statements.
What we should be looking for is the PR that the bond has been issued. This will que PBLS to begin investing in new assets. When the bond posts we should see a significant build up of capital assets on the balance sheet.
I hope this clarifies the bond situation for everyone.
Ren
So have you heard anything about Q2 numbers? Little birdie told me it would be this evening.
Let me know
To all board memebers, please dont hammer me on my last post for my grammar, I had to get up and do something and when I came back to edit it, too much time had passed.
I try to proof read, but didnt.
Good luck
ONce again what pink sheets require has no legal threshold, it is not a requirement. Pink sheets provides a service and a rating system for those who want to participate. All I am saying is that we all purchased a pink sheet stock, under the law they do not have to report anything to us NOTHING, zero zilch. They choose what they want to release to us. Yes it can change how the public views the stock, but ultimatly they decide how to shape the opinions of their company. The SEC does not tell them what to do. Obviously that is why the stock is a Pinkie and trading where it is.
It just seems that people want to hold them to a higher standard, but that is not what they sold us they sold us a Pink. We can wish and hope for things, but in the end it is a pink right now and they obviously have a reason for keeping it a pink right now.
I know they have released PR stating that they wanted to goto a larger board. That was their plan and still is, but their time line has changed do to certain events and actions.
They are maximizing the benefit of the pinks and when the make the jump it will be at the right time, for the right reasons which will guarantee the largest benefit to PBLS and its shareholders.
I just take offense when people look at a PR praise it when it moves the PPS us and then when the market moves it in the other direction they pick it apart. When you make a billion dollar deal so set up your company for the next 5 years, their concern is to make sure that it does happen. Make sure the the bond is posted so they can invest in the assests they need to make the production occur. They have a fiduciary obligation when they make this agreement to make sure they can fullfil their part and the buyers is able to take delivery and make the payment for the services. Why ramp up production until you have all your ducks in the row. They took the time to notify us what was happening and then when people dont think it happens next week when the PPS doesnt shoot to the moon, they think its false.
CAn you imagine the logistics of getting this deal together to mine the operation. They have been working on this for months. Now the other party has come on board and there is a lot of work to be done. PA told us that production will not be up to capacity until 2008 and they will be ordering the equipment and organizing the fuel for the machinary the transportation etc. This is huge. Then on top of that the new partner is purchasing almost the entire float from the market. While in theory we think this announcement should make the stock run based on the value of the company and future cash flows. We have to be realist and understand that the new partner is going to get into this at the most cost effective basis possible, they will hold the price down until they get what they want and then let the PPS run to its propery value. Once they are fully vested this will run.
I just believe that this is going to happen and only in time will be made privy of the building blocks that are being build to get this contract flowing. People should not be so quick to judge. Usually a PPS shoots up on info (usally false) info those that are in the know take advantage and those that are not take it in the bum when the PPS does not hold its value ie Katrina, it shot up I made quite a bit of money, but others got caught holding the bag. I would rather this take its time on building moving the PPS up slowly which to me, means more strength, built on numbers not on expectations.
YOu watch how they do this the right way how a normally company builds, through announcing contracts then announcing quarterly numbers to support those contracts. I dont like FLUFF it makes more loser than winners. While steady growth builds a winner for all, ie MICROSOFT, even the janitor is a millionaire.
This stock is not your typical day trader, trading on momentum stock, the longs here will truely be the winners of the managements vision.
Good look to all, but try to remember this is not a fully disclosing stock, it will be someday but not know, so dont measure them to something they are not required to be measured against. When the time is right it will be and we will all benefit. Dont underestimate, I would rather this thing take the time and grow 100% a year in PPS that shoot up 1000% then down 1000%, ill take steady growth over large ups and downs that have no support but what theory is available for the day.
Let them build this, show the increase in revenues, assets and profits and share price will take care of itself. Once again what were your expectations getting in? Did a friend tell you to get in for a few days on the up and get out or like me I was explained the entire package, believed in it and letting this investment ride me into the promise land in a few years. Not quck bucks here (even though i did hit it on the Katrina, but I was not expecting that) not why I was here but I took advantage of it .004 to .10+ what a week.
So stop with the negativity, all you do is undermine postive thoughts that were generated by the PR and let the company have the time to build. They really believe in what they say, if they wanted to manipulate this stock they could have in so many different ways, but that was not their goal, they are building a winner for the future for their legacy and decendants, their family, children.
Good night to all
Once again you people are killing me. We invested in a pink sheet stock for gosh sakes, we didnt invest in a full disclosing upper market stock, thats why when you are patient you invest a few thousand dollars it may payoff and pay u ten fold, while if you invested a few thousand dollars in a blue chip you may double your money in 7 years, maybe.
So stop crying saying that PBLS had to disclose more informtion. NO THEY DONT. Thats what you purchased into, a non disclosing, do i trust or not trust company, you are taking the risk for the potential, the risk of a huge payday. If you want something safe that you can verify everything then go by miscrosoft or coca cola, but get out of pinkie land and stop your whining and complaining.
PLBS would be better off, going silent, not releasing any information in a PR and then just release their financials every quarter. Think about that they have no obligation to disclose any information, anything that they chose to share with us is a benefit. When they release the information they intend on the action occuring. We are not dealing with thiefs or crooks they are business people and when they release a PR, that is their intention, their belief of what is going to happen. They want to let us know that they are working for us and IF, thats a big IF, if what they say comes trues the value of our investment will increase and we will all be happy. They dont have a magic crystal ball, all they know is that if they buy something for 1 and sell it for 4 then a profit is made and people will be happy.
So get off their back, look at what they are building and look at what you purchased. You purchased a pink that is run by management that is eternally optimistic in hope of growing the company to be able to return a large profit and hopefully move to larger trading boards. Those are plans, expectations but not GUARANTEES, there are NO GUARANTEES.
BUYER BEWARE, but remember what you got yourself into. You cant put lipstick on a pig, analyze this company for what it is. It is a big risk, with the chance of large rewards, they have brick and mortar, jets, pits and condos, trucks, not ducks. They will come through for us growing a company for 500k a year in revenue to a billion dollar company in 5 years, would be a great accomplishment and we would all benefit, and they have a great chance of doing it.
I beleive in them. you can keeep bashing all you want and complaining that you cannot verify anything. Now when microsoft does a big deal can you call someone and get through to verify, NO YOU CANT PERSONALLY. You try to rely on a third party to report the information. YOU CANT HOLD A PINKIE TO A HIGHER LEVEL THAN WHAT THEY HAVE SIGNED UP TO DO. WHEN THEY ARE GOOD AND READY TO MOVE US ALONG THEY WILL. THEY GAVE US THE RULES WHEN WE INVESTED AND THEY ARE PLAYING BY THEM, YOU MAY NOT LIKE ALL THE RULES AND WANT TO CHANGE THEM BUT YOU CANT, ALL YOU CAN DO IS WAIT, BUT THE RULES ARE THE RULES.
Ren
I dont know how people operate they way they do here. The PR is released and everyone is gung ho and then less that 2 days later they are picking it apart and stating that there is no way that this is going to happen. Does everyone understand the magnitude of this venture.
They can just ramp up production over night. Thats why they have asked for the performance bond. This will allow PBLS to make the necessary investment to get the production upto capacity in 2008, as the PR stated.
PBLS never claimed that they would be able to produce all of this for the contract. In fact the PR states that they will have to invest significant capital. But now that they are guaranteed payment they can make the investment necessary to meet product.
Remember the world is in a huge concrete deficit and the ability to produce the necessary product to produce concrete is significant. The market needs new product, which PBLS is able to offer. The client needs to be able to count on production. The more that is produced the more that will be used and demanded.
So dont expect to see the number reflect in PBLS bottom line. I think PPS will grow on results not on a simple PR. We have the PR, now PBLS has to fullfil the terms of the contract, make the investment to be able to meet production. So yes the market is taking a wait and see attitude, but as soon as PBLS make the 1st quarter jump that effects the financials, we should see a significant increase.
Please use a little common sense. PBLS is growing the company they will be a billion dollar company, they are making all of the correct decisions and contacts now to make this happen. But increasing revenues to 1B dollars in a month is not practical so dont try to hold PBLS to that standard, as it is not attainable by any company.
A little patience to make the PR grow and hold water. Just because someone at KOMEX will not respond and verify to a PBLS shareholder does not mean that this does not exist. Trying to get information out of corporate america if you are not someone is a difficult task. Why would a common shareholder have access to that type of information. That is why there are Press releases, to inform us of what is going on.
I just dont understand some people, this is not your normal penny that you get in for a quick profit and get out. If that is your expectation, then this is not the stock for you. We had one huge upswing due to mother nature, but other than than this is a company that continues to grow its assets, they are building a company not a dream.
Ladies and Gentlemen
What a day, it was a pleasure seeing the market respond to the information I had received and expanded upon to give credence to my source of information.
To those who acted on my advise before the announcement I am happy to of been able to assist. I do take kickbacks for increase profits (LOL). Those whose were fortunate and believed in me enough also may have been in a loss position but acting on this information would have further diminished the overall loss. To which I hope all losses will be erased in the very near future.
I look to get my next information update over the weekend. Now the ungaggin of the TA was like the cherry on top of the Sundae.
To all those longs our hopes and dreams are coming along and seeing this through will allow us to enjoy life to the fullest. This is for real as we have preached from the beggining.
Good day to all and this is going to be one hell of a weekend. We should see this thing open up, my bet is 2.2 and run for a little until the TA information comes in. If the TA is as favorable as I predict this should see increased volume and steady price with closing in the low .03 cents by the end of the week.
Hope all is well with everyone.
Good morning all, been a long day. Well it should be a bright day in PBLS world in the next few days. I have been told that the deal for with the new partners is about to be released in more detail supported by the securing of a performance bond by the investor as his support and commitment to his obligations. This will come along with numerous contracts. They have been working on finalizing the transactions, ironing out all of the details on everything from A to Z.
The mining investor has been in the mining industry for 5+ generations. As I was told load up now, because as of next week we will not see these prices.
When I am advised of that I take my cue, they have never been wrong. IN fact they proved to me that they are fully backing this as they are purchasing additional shares tommorrow and converting them to the Preffered 6% deal, which show me that they have total confidence in PBLS and believe that they will be there in 5 years plus some and that PBLS will be able to honor those commitments established by the preffered trascations. Im not taking about a few thousand dollars, more in the 6 figure range of an investment.
So I look for a new press release in the near future and hope we all finally are able to smile and watch as PBLS lives up to their expectations they have all inspired us to believe but have caused some doubt among the faithful. Game is up, its time to shine.
billion dollar revenue - time to put up or shut up.
Good night.
SAWDIN
send me a email to dvgi2@tampabay.rr.com so I may respond.
Most commercial acquisitions are announced when the agreement is made and then usual time to close is approximatley 6 months, or even longer depending on the complexity of the transaction.
For example, the condo deal was contracted for in July and closed the end of November.
So hopefully this new acquisition will be on the books by the end of the year.
I wanted to make a note that everyone is stating that PBLS has 2.5 billion in OS - Outstanding shares, when in fact the number is for authorized shares. Therefore I am still under the belief that the shares are not issued therefore are not outstanding. The have the ability to issue when the want to.
When disecting the Friday press release I would like to focus on the plan by the investing new partner to purchase 2/3 of the shares in the open market and the remainder will be supplied by PBLS I imagine when certain transactions take place. Everyone asks "why would they want to purchase the shares on the open market, this would in theory escalate the price per share" therefore making the partners investment cost more.
As some of you may know when a firm acquires another firm they normally place bids relative to the outstanding/issued shares and the trading price, the offer is usually more that the current share/trading price.
In our case I firmly believe that the company is worth more that what it is trading act. The trading of PBLS is not reflective of its true value and we are not privy to the information to ascertain the true value.
I believe that the investor will purchase the shares on the open market, which should increase the share price to hopefully be a better indicator on the true value of the company. PBLS and the new investor probably have an agreement in place that establishes the basis for the investors contribution. So they purchase the shares at market, then after the 2/3 have been acquired they will do an accounting and then establish the balance due on the original investment and company shares will be sold by PBLS to the new investment group at a most likely dicounted rate. So in essence the investor had driven the price of he PPS up to reflect the true value of the company which in turn has increased the value of the shares overall and their investment. Its a win/win situation. They get the share price up to .15-.20 and then purchase the PBLS non-issued but authorized shares at a discount and provide PBLS with additional Capital, while not reducing the PPS they have driven up by their purchasing.
Just one theory, but I truly believe they know what they are doing. The only way to get the Preffered shares to have a value in order to be tradeable in the open market PBLS has got to get the common share PPS up. Ron and Paul may hold the Series III @ 10 per share, thats what they have it booked at but would someone be willing to pay that for the shares they own. MOST LIKELY NOT. Therefore inorder for them to be able to cash out they have got the get the PPS increase to make their holdings more attractive and tradeable in order for them to be able to CASH IN.
I hope and believe that what they are planning and the vision they have is possible and with hard work and determination it should be successful.
God willing have a GREAT DAY.
TT
In the other offer the shares were not able to be sold or traded. Basically if you did the conversion you were giving PBLS 5 years to pay back on the shares. They controlled the liquidity of the investment. Now that they have made them assignable and tradeable, you should be able to freely trade the shares as you would your common shares.
The biggest hurdle here of course is, who is going to establish the market to allow for these shares to be traded. As you may know several companies have different classes of shares that are traded in the market. So if enough people do the conversion and then a market maker makes a market to the preferreds your shares would not be able to convert to cash on a need basis.
Of course, what will the price of a share be. We know in less than 5 years it they will have to be purchased by PBLS, but in the meantime they assume to be paid a 6% dividend per year. So will the price be discounted to reflect the revenue stream or will it be priced at a premium. I believe the the preffered price will have a direct correlation to the common shares price. The question is will it have a positive correlation or a negative inverse relationship. When the PPS goes up will the preferred price go up or down or stay the same.
I believe the market for the preffered cannont and will not be established until the opportunity to exercise the conversion option has expired. As the PPS increases it should increase the value of the preffered as the increase in PPS should strengthen the ability of PBLS to honor the payment of the dividend and ultimately buy back the preffered within 5 years.
This opens up many areas of valuation and opportunity. The ability to freely transfer and sell these shares should increase their marketability. Based upon the current share price it almost seems like a no brainer to complete the conversion. However, we dont know what the market for the preffereds will be. Will the market move with PPS or not.
So many questions not too many answers. But the preffered deal is now much more attractive as the investor now will have control over the liquidity (is some regards) of their investment. Anyone who took the option last time was investing the PBLS for 5 years. Now you can convert those shares and then hope that the preffered market will come about to all for liquidity and tradeability of the preffereds.
This is something that we all should take a strong look at. Before we argued that we all believed that in 5 years the PPS would be higher than 6 cents,so why bother. Now you can convert to preffered. The be able to sell when you wan to. So if the PPS started climbing you would have the ability to control your investment, sell your preffered shares and maximize your profit. I can see so many different scenarios right now, but the pricing of the preffereds will be determined by many more factors than PPS.
Good day
Another question I present to all here, is what is the approximate value of PBLS. Is it based upon profit, cash flow, earnings, which earnings before or after taxes, with or without depreciation or depletion?
This is where many different opinions may come about. I for one know that when I analyse a transactio, you almost start at the pre-tax profit and add back in those expenses where are accounted for, solely to reduct tax liablity. This is mainly depreciation.
So I would ask all of you to look at PBLS true valuation numbers based upon the following:
More specifically, the value boils down to current and expected free cash flow -- earnings before interest, taxes, depreciation, and amortization, minus any capital spending necessary to bring the business up to par. Buyers take present cash flow and project out five years, then set a price on those earnings that guarantees a decent return. The price will vary according to the likelihood that earnings will grow, based on clues such as whether your revenue growth and margins have been consistent. Companies with clean balance sheets are less likely to take a haircut than cyclical, debt-ridden prospects. "It's an exercise in common sense," Walton says. "If you look at a business that has been growing at 10%, and you see projections that it will grow at 25%, that's pretty unrealistic."
While I have not applied the numbers to make the proper analysis, (I am too tired), I will try to do this at a later date, because we have something here.
Good night, something to ponder, REALITY
As I have proclaimed from my initial post, I believe that you as an individual investor have to evaluate what your investment plan entailed when you invested in PBLS. What were your reasons and expectations.
Based upon those expectations will determine how you view what PBLS is doing at this moment. For example, I invested knowing that PBLS had a plan to grow the company and profits were not the focus, profts in fact would be used to invest and acquire additional companies that would help PBLS grow. As some of you may know business run in cycles, the first is development/acquistion, then they move on to growth, then the almighty decline usually being sold or forced out of business.
As with any business not all business decisions are profitable, the hope is that most lead to growth and profitability. If mistakes are made, you hope management is able to limit the losses.
I dont know what else to say, but I respect everyones opinion here and understand that we all came in here with different expectations, hopefully we will all be pleased in the end. For me 3 years is my hit or miss investment period and I am almost 2 years in, if we can see above average consistent growth each quarter, PBLS will be a success for me.
I look at what I know and know that PBLS does know what they are doing. I agree that some of their actions dont seem to have the investor in mind, but I trust in them that in the overall scheme of things they know more about the big picture and have all the details, which we dont have, we make our opinion based upon what we think based upon the limited information that is provided to us.
I in turn to get some extra information and when I am able to verify, provides me with exra confidence in my investment. So those of you that have a negative opinion about PBLS and believe that you were lead down a wrong rode, just think about where you got the information and you have to realize that management does provide us with limited information, but they are the largest shareholders and have the most to gain and/or lose in the peformance of the company. Their best interest in the long term is the same as ours.
Good day
The letter from Mr. Pratt is of most significance. He has now verified that the information he reviewed was in compliance of SEC laws. The key comment my Mr. Pratt was his view of the information related to the stock issuance and he stated that he did not rely on the information presented to PINK SHEETS because it was not listed in enough detail, so he met with management to get the complete picture of the share structure.
Something is telling me that PBLS will be issuing the exact share structure in the very near future. You cant have you SEC counsel publicaly stating that the information presented to PINK SHEET was not set for in sufficient detail and therefore he did not rely on the information. Instead he met with management to discuss and based upon his expierence and his knowledge of the SEC law, PBLS is in compliance with all the laws.
I have my law degree and I know MOST attorney value their ethics and code of conduct to the highest degree and MOST attorneys would not sign a document like this unless they reviewed all the necessary documentation and was comfortable withe the disclosre. He clearly stated the item he did not believe that was presented with sufficient detail.
I firmly believe that he is urging PBLS management to dislcose in detail the share structure to meet the standards he believes they should be attaining.
So dont say I told you so, but Ron did tell us that they would make the share structure more transparent and that information I would imagine would be coming soon, especially since their counsel has so advised the investing public that the information previously dissemeintated through Pink sheets lacked sufficient detail. This is how Mr. Pratt has covered his ASS. He tells us that everything he reviewed was in compliance but their was one item that he did not feel was presented in enough detail.
Lets look for the complete story on the Prefferred series I, II & III.
Here are my predictions:
Series I - 640K shares - 400K for condo deal & 240K
Series II - 283,123 Voting Preffered - Converted from Common Shares
Series III - 10,369,275 Voting Preffered converted at $.17
Now how do we account for the 1.75 Billion Shares that are outstanding per PBLS.
Series I - convertible 15% a year after 1st year or all due in 5 years. PBLS MUST account for the possiblity of conversion
96,000 Shares at $10 = 960,000. Using share price as of 12/31/2006 (.015) = 2007 - 6,400,000 shares, 2008 - 6,400,000, 2009 - 6,400,000. 2010 - 6,400,000, 2011 - 6,400,000 - Balance of shares remaining = 160,000 X $10 - $1.6million or @.015 PPS - 106,666,666.67 shares. So Series I must account for a grand total of 138,666,667.
Series II - Does not affect current shares as they were converted from Common to Preferred and their is not a provision for RECONVERSION
Series III - 10,369,275 Shares valued at $10 per share = $103,692,750 convertible at .17 give you a share count of 609,957,353, that must be account for in the possibility of outstanding shares.
Now we add them all up and subtract from the disclosed outstanding shares. 1.75 billion - 748,624,020 = slightly over 1 billion shares. Now I must remind you that I based this conversion of the series I at .015, if this valuation changes so will th structure.
I will feel much more comfortable once PBLS comes out with this explanation. But this make the most sense as far as accounting for preferred shares in the common share structure based upon the possibility of conversion.
Good day
I believe that when they publish the Q1 information and we are not happy and do not agree with the method of disclousre then we can make a complaint to pink sheets stating that we do not believe that PBLS is in compliance with their disclosure and what is required per pink sheets guide.
If there are enough complaints I am sure Pink sheet would be obligated, in order to maintain the standard benchmark that they are trying to achieve and have PBLS give us more details on the share structure.
So if we do not get what we want, utilize PINK sheets to contact PBLS to get the information we want and SHOULD have.
Then we will see how much power Pink sheets have and how they are going to handle reported deficiencies of company released current information.
We are given the rules/standards and it is our responsibility to make Pinks sheets aware of the lack of information that they stated they would require a company to provide to meet their current status.
USE THE SYSTEM TO GET THE RESULT WE WANT TO SEE
Yes, but we are able to make complaints to pink sheets, which will trigger and audit of the information presented. So we may in fact force PBLS into providing the information we want.
On another note regarding financial statements. As you know I had knowledge of the financing transaction for the acquision of the condos, as such the financial produce here and to pink sheets were exactly what was produce to the bank who did the loan on the condos.
So from that perspective their are the REAL numbers, no added inflation.
Food for thought for the night for those of us that rack our brains on the outstanding share count. As we should be aware, PBLS must account for the possibility of conversion of the preferred shares to accurately portray to us the status of PBLS based upon those conversion values is what makes up the share count of 1.75 Billion that was given on 6/15/2007.
This is supported as follows
Preferred Series I - total issued = 640,000 shares, (400,000 shares for condo purchase and then the other 240,000 for other purchases. These shares can be converted at the request of holder after year 1 at 15% of their holdings. If PBLS used a conversion value of .02 the number of shares allocated to the outstanding common shares would be roughly 320 Million
Prefferred Shares II are not convertible back to common shares so they do not have to be accounted for
Preferred Shares III - 10,367,275 shares issued which are convertible at a rate of .17 cents per share. The value of the shares in $$ is 103,692,750.00 divide that by the .17 common share price value and the total number of shares allocated in the common share count would be 609,957,353
Now you add that all up and the preferred conversion option must be accounted for at the common share rate of (rounded) 930 Million common shares less the stated shares outstanding of 1.75 billion and you get 820 million, fairly close to what Paul quoted us.
I believe that once they reveal how the outstanding common shares were calculated based upon the possbility of conversion, we will all see that Paul was in fact giving us a correct share count.
Good day and we will all be happy this year and happier and happier as the years go by and the transparency grows and show who our leaders are.
When would be dividends be sent out, probably 30 days after the end of the quarter, which would put the end of the quarter on June 30, so dividend should be sent out by July 31st.
So please let us know when that check arrives.
AS a shareholder you are right, having 1 or many gives you the same information. However, as a shareholder your actions based upon the number of shares may change your investment strategy. Investing 1000 compared to 100K is much different. Some people maybe willing to walk away from a small investment. So while shareholder rights are the same, action are much different.
I never claimed that having more shares entitled anyone to anything, but their view on certain actions maybe different.
This is a classic case of how my one statement can be interepreted 10 different ways by 5 different people depending on their situation. So I agree we need to move on. To anyone who thought I was being snobby that was not my intent. I was attempting to clarify a comment that was based upon my initial comment that I had purchased 1M shares at .0336. This thing got out of control. So GOD bless and have a great day. GO PBLS
Yes but you also tried to down play my significance based upon the number of shares you thought I was invested in. If you have been here for a while you would know what positions most of the posters here have, as we took an informal poll about 6 months ago, in order to ascertain what the float was etc.
So If you dont know all of the facts you should not comment until doing so. Obviously owning 1M shares compares to 10M+ is a big difference and carries different weight.
Good day