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Well put as usual Oldteck!
I have spent years backing management and I mean years. I love this company and management, and have for a long time. I can't stress that enough! However, I backed them without knowing everything that was going on behind the scenes. I also backed them without knowing the laws that they may have broke. Partly because I was unaware of the meaning of the laws. Now that they have been made clear I know I wouldn't break them and I hope management wouldn't either. This may already be known and might be repeating information for some from the last night late post (this morning), but it is an important message for me to convey. So I will say it in a different way just in case you still do not understand. Because I can't imagine why it wouldn't get done if you did understand it. It will seem odd and unjust at the time, but it will throw a wrench in the spoke that would divert the company in a different direction.
Say there was an animal with large horns eating up the pasture, and it was scaring off and sometimes killing other animals from eating the same pasture by using its large horns. Then you come along and see this and say how unfair. They should all be able to eat. You are not a hunter and do not believe in killing the animals. How do you get the animals to eat off the same pasture without any leaving or killing any? The answer is cutting the large horns off of the dominant animal that is scaring the rest. It would have no power over the rest and the animal does not die. This is the way life should be lived, and its the only way peace would be achieved. With everyone equal. Power to submit others is not a good thing and causes rebelions in other animals. Now would the wild animal remove the horns itself to eat with the other animals or have the pasture burnt to the ground so no one eats. Now I tell you the truth. The last horn grew yesterday and the animal is ready to fight. The irony is my job and where I spent a lot of time over the years defending PBLS. If these horns are not removed then PBLS cannot be turned around. The question again who is going to remove them. Maybe the name that is on the animal's head or someone else that doesn't want to be held responsible.
Listen please, I have said I did not disagree in the past with PBLS management, but we now stand on seperate sides divided by a line. I cannot cross back over to PBLS. PBLS will have to come on my side and take the action provided above. I say again my heart hurts, and it feels like I have a heavy weight on my shoulders again. I am very sad. Because I know management and how hard their decision is going to be. Especially in the shareholders eyes. It will be almost impossible to make the right decision. I am so sorry that history has put this into our laps. This is the truth. The horns will kill if left alone and who is responsible? This will be my last warning about this because you should understand it. Delete it if you must. I do understand, but please understand how much I care. Enough to post again to make sure you know what to do. The court decision will come we all know that, but it would be nice to have billions of shareholders vice thousands that we have now. And get rid of those idol t's made by the hand. Please, Please listen and do what is right and not popular. This is change we will need my brothers and sisters. And their will be pain for some, but not nearly what you could expect by doing the wrong thing. I am on your team please remember that, some won't! GL everyone.
I hope not. lol!
Roach, my last couple of posts were sincere with no viruses. I truly was kidding about that and we agree. I enjoy calling out the people who have helped me with DD. Thank you to those I called out! Except one. May we rejoice together at cradfest. There are more shareholders that I didn't call out, and I thank you as well.
Hey there my brother John. How have you been lately? Thanks for reminding me to welcome the new comers.
Welcome all. This is a great board, and it would seem your timing couldn't be better! If you know anything that brought you here please share. If you don't act quickly Roach will beat you to the punch line. Looks like we are all just waiting on the website to get up and running.
Not anymore RC. I am officially off the meds with a clean bill of health from the doc. I need to turn my attention towards other things. Like Xylan I will be moving and I will also be working on a new line of work.
Xylan I appologize for breaking the super computer. Hopefully you have it up and running. You shouldn't get the brigunn virus again...lol!
BTW, I now realize I meant most of that last post I had deleted.
My average is lower than Bagwa-John and most other longs. Sorry not to pour salt on the wound of my brothers and sisters. I'm still down 50% or so. Hopefully we hear something soon, but who knows.
This is now on management shoulders and we wait for the court rulings. GL to you and everyone else, and I mean everyone, all, no exceptions. Peace out!
You shouldn't be. Hopefully you being as wise as you are, you were able to average down my friend. Hard to say for sure, but it appears that is all we can do since it may be out of our hands now. Actually, it would appear it is out of PA's hands as well and we now rely on the judge ruling. But again who knows absolutely for sure...right? OK, maybe Roach does...just joking. Someone has to lighten the board up.
Any Cross Border decisions to do the right thing should be allowed instead of bashing. Let the basher be held accountable and the rightous lead by example. Love your enemy. I am very deeply saddened that I had to post this. My body and heart ache with pain both literally and emotionally.
Knowing what is being asked from shareholders I would like to say we have reached a point of faith. Any type of bashing was and will be the “status quo” therefore I say again I cannot support it. It will not end the “breaking of rules”. Being surrounded by a bunch of bashers and taking shots is not easy and requires suffering on the company’s part, but will pay off in the long run. The company can stoop down to the level of the basher and suffer in courts forever because of the irresponsible actions taken, or suffer a little by sticking to the rules and taking shots while concentrating on turning the company around by acknowledging faith in PA. Read the documents. This is going to be painful for a little longer no matter what decision is made, but some decisions have a much larger recourse of action. Yes this “hurts, has hurt, and will hurt” our pocket books. There is no short cut. There is no cheat sheet. There is no easy way out due to our past actions. But the good news is it will turn around one way or the other.
The sooner the better (OK maybe 1 more week worth of buying). I have a project I need to start in the near future, I just need a little more time to determine the exact location. Instead of daddy needing a new pair of shoes, daddy needs a new house (wink). GL everyone.
I cannot condone bashing with bashing. It’s easy to feed off of a basher to create your own agenda. For example revenge against the company, to lower the capability of the company, or to reduce its shareholders. That agenda should be positive and peaceful IMO. You shouldn’t make a mistake that would hold you accountable in a temporary situation that would ruin your chances of being with the company forever when this thing turns around. Let the original basher be responsible for their actions. Bashing while still supplying aid sends a wrong message. It’s like slapping your kids hands for getting in the cookie jar and then turn around and give him cookies from the jar. Don’t bash. Instead a GROUP effort to cut off ALL aid for any wrong doing would be a long term form of punishment no matter who resides with the company. It will take time and cooperation. Trust in the one and true PA to do the right thing when it comes time to judge the shareholders. I bet he will punish the bashers if enough shareholders ask him to. But it will take the majority of shareholders to believe and ask. That is the only way to rectify this. I cannot condone bashing with bashing.
Yes they should have done that a while back. Where else are they going to get money...from the lawsuit? Doesn't look like today even though Bigfoot tried to put a positive spin on things. Go get the TARP money PA and save our townhomes. We can joke and hope until the settlement. OK not really.
Xylan try cutting out the anti virus on the super computer. Sometimes basic hardware works the best. It's not meant to be overloaded...just basic.
Meanwhile, I am back in my straight jacket with no help from the board. But I don't mind anymore. I am starting to prefer it because I know it's temporary. I am just waiting for the new prescription to kick in.
Honestly, I appreciate most shareholders on this board because I believe their hearts are in the right place. You can't always tell by one or two posts. It usually takes much more than that.
Now that is money for advice!
And you wanted me to behave my friend. You must be loaded up now that you came out of retirement...lol!
Finally, good news! I have made a decision. I will now get off my old meds. I like the new prescription even though it wasn't my preferred way to go. It should work as long as the prescription is followed to a tee. When a prescription isn't followed that usually leads to disorderly behavior. Hence my conduct on this board...lol!
What is left IMO...
Keep Pro-gas (if we still have it) and Sam's oil while investing on infrastructure from the Picayune Bank settlement IMO. Did we ever determine how much that was roghly? I saw something in a PR that sounded pretty good as long as the parties agree so it can be settled. I am waiting for funds to clear to buy more.
GLA!
In increment reductions until equal during that time frame.
Oldteck, I chose my out already my brother. I mean this with the upmost respect for you. This will be my last post for the night and frankly should be for a while. All I do is seem to upset fellow shareholders. Before I go, I forgot to mention that the long term financing route if chosen by our three leaders would have to include competitive wage support within the next 2 years IMO. There I have said my peace. Good luck to all of you and this company.
I wonder if I will fall asleep for a short time or long time?
Oldeck, Give me some credit please. I haven't passed out yet!
Yes,
I have been drinking a lot lately. I don't have a ceiling on the $$$ if we are talking oil.
Xylan,
You may be right about the Chapter 11. It would have to be organized for shareholders not to be wipped out I agree. I am not a lawyer. I was giving options of what I would be willing to accept and I don't want shareholders wiped out just protected from debt.
The 15 it the remaining 15B pennies I have left in my piggy bank that my parents are willing to let me spend... :>)
Trust me sometimes I scratch my head like you are probably scratching yours now...huh! That's as clean as I can get with no soap.
BTW, notice all the TV adds coming out lately. Hmmmm. We could be linked somewhere in there.
I agree that is why you probably can't find anything on the internet about Komex. Thanks for the DD Oldteck. Let's hope PA keeps the press on. Because it is my belief we are heavily involved in OIL and should not get away from it at least for now. It is also my belief that the revs that are coming in to buy back shares are from the oil. The bank settlement would be a bonus that is all. Nothing compared to the OIL. That is why I want to invest an enormous amount of money to help with the public projects PA has planned (like the recycling plants). Yes Xylan, I meant invest by buying shares...my bad. :>)
Does that help...lol.
Every time I talk to my family I shift gears with this stock. I figure if I can't convince them then I just need to buy buy buy, and just show them the truth. You know what I mean?
We are all going to be rich one way or another. Mark my words brothers and sisters!
I'm sure another alternative is to include the long term financing into the (large) package if PA keeps with the oil. No BK that way to get $$$.
Has anyone communicated with the company lately. I really need to work on it on my end. Because it still seems like we are stalling. Food for thought...
1. Yes I want to invest my last 15.
2. Yes there needs to be someone to oversee operations and large scale transactions to put three who are in charge in check.
3. Yes all conditions need met from the previous business plan except wages. I don't want this new plan held up anymore if possible. If progress isn't determined by the PA appointed watch guard then they would be cut off until BK. Money needs alloted in the smallest of increments and monitored.
This needs to happen as a short term fix IMO. And our money is not nearly as garuanteed as plan A, but it beats doing nothing and a deal is a deal. It needs done. More food for though...
Plan A would have been the long term financing fix, and I was talking Chapter 11 not 7 BTW, so not all would have been lost for shareholders. Small money for the short term fix or large money for the long term fix. Someone needs to communicate with the 2 or 3 in charge and ask them what they would prefer IMO. If the short route is taken for now lets do it as shareholders. I have basically given them a choice for small money or large money. Am I missing something?
I understand that this is my decision and I take full responsibility for the outcome, but I am certain it will work out in the end.
Xylan,
That would depend on PA telling me what he would need to complete his projects. 1 large (imagination)? Hard to say what he needs to get this boat rocking. I am guessing it would be big to include all parties to pass the ideas and please everyone. Remember I am not an economist so the details are irrelevant to me. I only want to make the investment. Notice I didn't say the word spend. Now I am playing nice in the sandbox as well.
Yes your right. I am just trying to speed up the company by investing more. Let's roll...
Pebblers do with investments and burger king!
I'm serious!
Did someone mention Burger King?
It would almost be like saying name your price.
I would be willing to invest say a whole lot more if they oil could be kept around? I might be willing to break out the piggy bank. Once again I have switched gears.
:} I'm not there yet not even close. I think I will stick to the plan for now, and hope we all become millionaires.
Obviously no more talks about BK and let's hope the hard questions get answered by management.
OK, I see the details you are guys a putting out. Listen, I don't know it all and I am not an economist, but a deal is a deal when making loans. Move forward with no BK I agree. Hopefully the last of my money to buy 15M shares will be invested appropriately.
The stalling of the company doesn't help with my decisions.
Viki easy, by going with my plan B. The cash infusion would keep them alive for a little longer IMO.
"Plan B is to use my bank account Reserve for (15) with (5) being deposited from my kids treasury college fund to be used first without BK".
Excellent point of view. Perhaps.
My BK comment was from the heart that is all I can really say. Here is an example...
If a CEO was about to be replaced in a company that needed restructuring, and he told the board how he thought it should be done, would the board memebers listen or would they wait until the new CEO checked in to make that decision? Based on the company's current state of trouble chances are they wouldn't listen to the outgoing CEO. Right? JMO.
Now obviously I am a shareholder, but thought I would throw ideas out there.
Give me a few more minutes and I will try to clear it up a little more. Because I will take responsibility for my posts.
Very Correct!
No viki, I will try to help. Give me some time please.
I'm tired of band aides.
To clarify the one decision. I am not going to give any temp loans to the two or three in charge. This would be a long term fixed investement so $$$ will be spent after BK restructer.