Update PBLS
Two charts, 1 yr daily and 6 month daily. They are horribly painful so if you have a low tolerance for pain i suggest you skip this post. I started in this stock with extreme optimism. I literally bought my position on Jul 7. after researching the fundamentals and analysing the charts. It just came off the bottom of the last spike and was poised for literal stardom. This is all IMO.
I have heard alot of different scenarios lately about why we are where we are at. NSS, PA's master plan to defeat them, etc. etc. and i'm just not buying it. I'm using July 7 because that date looks like the date for the beginning of this collapse(er, downtrend i mean)
1. Did all the hedgefunds and whomever naked shorts a stock just wake up on Jul, 7 and start calling each other to say, 'Hey we're gonna start naked shorting PBLS are ya in.' Would these companies even think about naked shorting a stock with this so called 'potential'. Management could release financials tomorrow. Would you take that bet.
2.Also we are not talking about millions of shares traded but hundreds of millions since July 7. 621,871,600 to be exact. If this is being caused by naked shorting 'they' must be printing a heck of alot of fake shares to do this to the PPS. Hundreds of millions worth.
3. With the threat to them of management possibly filing any day would they continue to short this all the way down to where it is and then continue some more. That's complete suicide and makes no sense at all. I will say there is definately a short and naked short position but nothing near what we may think it is.
IMO this short and naked short accusation by management is nothing more than a smokescreen for what is really going on. Let's take a look.
1. PBLS gags the TA. Why would PBLS gag the TA. The only reason i can think of is because they don't want us to see the fluctuations in the O/S. IMO PBLS is selling and buying at the same time. Sometimes they just cannot equally buy and sell the same amount. Granted with the buyback they are buying more than selling but as investors get fed up and sell they are buying at prices lower than they are selling. What a deal!!! If the TA were not gagged we would be calling and finding out that the O/S is fluctuating and well that would just not sit well with shareholders that are being told different. With the TA gagged none the wiser.
2. Why are we not getting regular updates on ALL the rest of the companies. Progas is huge. Surely they must be doing something, yes. Midland/Rome has/had 18 producing wells and were suppossed to drill 5 - 10 more. Why no updates on any single company they own other than the new Best Jets. Why no updates on the Wyoming drilling permits that were OK'd. We are getting NOTHING on ANY of their holdings.
3. Why? Because to do so may increase the PPS and PBLS would not be able to sell, buy and profit with an INCREASING PPS. This crash is not due to shorting and most likely is not completely due to the audited financials(i mean proposed audited financials). If Progas or any of the oil companies were to announce a large successful find the PPS would go up for sure!. PBLS does not want the PPS to go up. They want it to go down and it is.
I could spend a day on this but i won't. I will post the charts on next post with more comments. This is ugly and getting uglier by the day and something is just not right as outlined above. You are all welcome to rebutt this but my position is clear and iv'e already read tried my best to think openly on all the other scenarios. This one just makes more sense to me.
midas.
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