Imirish
He said he was not going to post here anymore. He probably will not or at least not under that nym. So it is a mute point anymore. I still just do not get it though. The guy "tommytanks" said to ask Mike M. if a guy named Tommy called him and someone does exactly that.
Mike M. answered that very question and corrected whatever misinformation he posted about filing dates etc. I agree the personal information should have never been a part of the response.
I certainly do not know if Samstarr007 = tommytanks or if he is even affiliated with him. It is just silly though that if he is, he would go through all that trouble to create another nym to simply post that he called and talked to Mike M.
Perhaps he knew he was about to post misinformation, if that was the case, maybe not. You would think that being a professional investigation service, getting dates and times etc. accurate would be a big part of the job.
Anyways, PBLS will make or break themselves in the long run. That is what I am laying my money on. I could lose it all and it will mean exactly squat. I am either going down with this ship or sailing to new lands. The longer we remain below my average, the longer I have to average down. Hopefully later we will all rejoice and thank PBLS for giving us an extended opportunity to accumulate. I hope management does not become laced with greed as some faced with the prospect of great riches will become.
The reason I tend to not think so is that a lot, if not most pink sheet companies that are desperate for funds would have been pumping away post Katrina/Rita and Oil prospects when that entered the picture. The increase in shares and the gagged TA raise red flags and lots of questions. Common sense would suggest that if the company was dumping on the market, would it not be in their best interest to pump it with nice fluffy PR's before doing so?
I think personally that perhaps they did dump on the spike to .12, which is fine by me if it allowed them to take care of past debts, give out cash for acquisitions etc. Now they can buy those shares back at 1/4th of that and use the newly authorized shares in addition to that cash for acquisition.
We as a whole do not know much more that we have for the past couple of months, which is scary. Some would think it would be better to be more transparent so that we have to give away fewer shares for these acquisitions. I say look at possibilities from the other side though.
PBLS has got to know roughly what the company is worth. We investors think that to be heavily undervalued, so does PBLS. With these acquisitions, they have committed to X price per share guaranteed. Both PBLS and the acquired company seem to think that PBLS will make good on that price. If we make that guaranteed price before the 5 years, as I understand it, we can buy those shares back and then re-issue them for more acquisitions with a guarantee for a higher price than that. In other words, they could use these shares as a stepping stone to acquire more without the need for heavy outside funding, keep them in house, offer them as a reward to long term shareholders much later via forward split or yes, they could just dump every last one of them on the open market. Still though, if all projections and PR's are accurate and forthcoming, with every single last one of the almost billion shares on the open market, we are still undervalued right now. We know that not to be the case though. At least 230 million are tied up in acquisitions per what we know from PR's and that I believe was the last PR to indicate how the shares are tied up, all before these several new acquisitions. Anyone keeping tabs of how many should be tied up based on PR's?
Regards,
Fizzlegig
