Only a few things will push us way up and way past .04
1) Prelim numbers
2) Movement on the oil front
3) A good snap shot of the total picture
Welcome to the oil patch. You never want to jump the gun in the oil patch or you will find yourself out bid on a property. If you strike good; you can't let the neighbors find out until you secure the lands on the prob trend. Cash flow is life blood. And, with the aggressive companies with vision you end up asking yourself, How did they pull that off?
Things of interest;
This latest company has oil & gas interests along with construction.
Will they move on WY soon to build up the betting chips on the table?
If a driller comes into the picture, it is all over but the LOL.
Numbers come;
From PR 3/29/2005
"On 2/25/05, Phoenix completed negotiations to settle $3.5 million in debt.
Based on the debt settlement agreement, Phoenix has contractually agreed to begin the process to become fully reporting within fifteen months and has contracted to finish that fully reporting process within twelve months thereafter.
Phoenix stock is grossly under valued because the company has not promoted its stock until the debt settlement agreement was finished.
May of 2006 is 15 months
May of 2007 is 12 months more.
They say they have accelerated the process.
I do not really care if they file form 10 in 2Q 2006 or if PBLS completes the process later.
What is the most critical for my money is that PBLS puts its final pieces together before pushing on. Having a growth plan or even (Please) securing a "Company Maker Project" beats the crap out of making investors happy in the short term. Short term = short sighted.
Example:
I believe PBLS has more cash flow, banking connections and infrastructure than PGPM but PGPM secured a possible "Company Maker Property" and they have rigs (Hence the explosion).
Now add a rigs and a "Company Maker Property" to PBLS.
Ask yourself the question... if I really am a long?
1) Do I want numbers before the pieces are in place?
2) Do I want just the KY, TN, WY & NY leases?
3) DO I want the numbers now???
No, I want the last pieces in place. If a load of shorting has taken place then I want revenge as well.
ML dude said that if there has been that much shorting here then that in itself will just add fuel to the buying fire once the numbers come into play, the stock moves and the shorts fall over themselves trying to cover. He just doubled up to 1,000,000 shares.
The BASHERS are out in full force on RB. There my name is 17russia. I can't say I have been kind to them but I do smile when I see them go nuts.
This will move when the machine is ready. PA has been in business long enough to know when the machine is ready.
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And now “Devil’s Advocate”
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As for the area51 people (People who look for holes). I have this to say;
1) There are to many people involved with this company for it to be a scam.
2) Too many former company owners sold their "Babies" to PA for cash and shares (Would you sell your company cheap?)
3) Too many people now have a vested interest in this working out.
4) They do business from a house... Well even Bank One in the area is in a home.
5) Elvis & Jim Morrison are not in Africa. They are dead.
If you are scared, then there are Government bonds. But then again the same people that own area51 also issue the bonds.
“I got a great deal on some French WW2 army surplus guns. Never used and only dropped once...”
