chilar4567
I have spoken with MM as of late. He stated that if PBLS is going to be taken serously then it has to start acting like a serious stock and not just issue a press release every time someone goes to the restroom.
I agree with him. Press for the sake of press just provides the band for volatility to dance to. Give me solid press with details any day of the week, then things will angle up on a positive and ongoing slope.
If they do acquire a drilling company with one or two rigs then they will be able to drill all the live long days. As for Nevada, there is some pretty wild speculation there now. Some leases are going for $1,000 per acre. As I understand, the land they have there was drilled by someone without a permit in the 1930’s or 1940’s or somewhere in there and oil was hit. There are no records that I know of but I wonder if there is a record of the court proceedings and or a fine.
If they can get a good oil flow going and file their form 10 then I do not believe that the stock will rest under a $1. IMHO
“I got a great deal on some French WW2 army surplus guns. Never used and only dropped once...”
