FWIW, I've been holding 10.5+ million shares since last summer. I spoke with Ron last week. I almost posted after that conversation and now wish that I had. IMHO, here's the relevant information from our conversation:
* They are working on another large acquisition (Oil/Gas) but are attempting to negotiate more favorable terms.
* Filing process is taking longer than expected. This is due to the accountants and lawyers taking longer than expected to complete their work after having under-estimated how complicated PBLS situation is. The process of reporting is not being slowed down in order to allow time for more acquisitions. He wished that PBLS never gave out a 'date' or 'deadline' for filing to be completed.
I did not specifically ask Ron if the filing would be done by the end of June. Honestly, I do not think he actually knows. IMHO, I would not be surprised if the filing is not completed by the end of June. This is only MY OPINION. I was thinking of posting something similar to this just in case the filing is not completed so that people might change their expectations regarding a filing. As we all know, the pps had been rising and IMHO, it was due to expectations of imminent PR's regarding filing and acquisitions. IF the filing is 'delayed' (according to 'market expectations') then it would be reasonable (IMHO) to see a drop in the pps as short-termers take profits and move to other 'hotter' (in the short-term) stocks.
Personally, I still feel bullish long-term. Short-term? I have no idea. If I could make accurate short-term stock predictions, I would be lounging on some island and living off dividends and not posting here ;)
Do your own analysis and make up your own mind. Everyone has different needs and time-frames that they must analyze.
GLTA,
Dino
PS...ASUS or anyone else who has a relationship with Ron, feel free to confirm with Ron that I am a reasonably large share-holder. I rarely speak with Paul as I feel that Ron has a better 'feel' for investor-related issues.
AI
