I certainly think Paul and company will definately run the company and get rich [ likely they are quite wealthy already]
And I think there is lots of money to be made in NO- Just very doubtful about $400,000 condos in a market that has lost roughly half its population and is in a real transition.[ actually the entire housing market- is in for a real shock imo]
I get nervous when insiders own so many shares and also when there are a lot of preferred shares in place.
I also know a little about the oil business and even have a royalty well in WY along with many in OK and TX and NM . And while the rewards can be staggering the costs of drilling can run through millions of dollars very quickly. I would have preferred to maybe grow the business more slowly and concentrate on the NO area first and then branch out- but I also understand how when opportunity knocks sometimes ya gotta go for the gusto!
I have spent a lotta time trying to DD the company because like everyone else in stock market world ,I'd like to be in on the ground floor of the next big thing. And hopefully if PBLS is it- I'll realize it in time to benefit- until then I wait for more clarity and apreciate any info that is shared!
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