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Re: A deleted message

Tuesday, 10/24/2006 12:50:15 AM

Tuesday, October 24, 2006 12:50:15 AM

Post# of 79921
Fellow investors
It is obvious there is a huge naked short position out on PBLS. It is guaranteed that any outfit who has shorted as many shares as have been shorted these last few months would obviously hire paid bashers. I personally expect the bashers and negative posts to increase over the next few weeks and months. The shorts have a staggering amount of shares to cover and will try to do it anyway they can. They will try very hard to misinform shareholders in order for them to sell.
Most of the time or I should say 99 out of on 100 times the shorts win. It is clear to me that they are taking very high risk in continuing to short at these prices. Usually they go after companies that are under funded and have debt, and who need to raise equity financing to continue as a going concern. They usually sniff them out when they start shopping around Wall Street looking for financing. The same people they talk to either short them themselves or tip off other people to do so.
It is very clear to me that this is not a usual situation. This company has no debt, is growing tremendously in sales, and is expecting to earn a nice net profit for the year.
I was talking to a senior level management person at Sedona Corporation the other day. For people who don't know who this is, they are involved in a very large lawsuit against many parties that were involved in naked shorting their stock. Their stock got pounded into oblivion back a few years ago. They have a very well respected law firm out of Houston, Texas who are the same people who brought down big tobacco. This firm has already spent over 20 million on this case and has a team of over 40 lawyers working on it. The lawsuit is in the billions and is very far through the court system. He was not able to discuss the specifics in his case but we did have a lengthy discussion about naked shorting in regards to all aspects of it. I told this person about PBLS and how they already announced that they expect to have a very good year. I told him about all the specifics of PBLS. How they are in a buyback program. How they bought back shares from shareholders at three cents. How they publicly announced they feel their stock is severely undervalued. He said the you cannot get a better scenario for a potential short squeeze than a company who can put out audited financials and who show a healthy profit. I told him that I heard that if a short squeeze were to occur that this stock could go to over 20 dollars. He said that it would be very possible if this company has as many shares shorted as I alluded to that this could potentially happen. I estimate there are 600 million shares shorted at this point. I know that there are very few sellers below three cents and that 45% of the volume is the short position being taken each day. I asked him how this could possibly be that a stock could go so far beyond its reasonable value without a lot of sellers coming in and allowing the shorts to cover. He explained that when a true short squeeze is on, many institutional investors will jump in knowing that cover has to happen. It is almost guaranteed money. The buying is tremendous whenever a short squeezes is on.
I personally feel the company is honest. They bought back one million shares from me at three cents and the checks cleared. I hope the stock does go down to 3/10 of a penny because if it does I am going to bet the farm on it. I already have taken a sizable position and continue to do so. This company has already announced that it is planning on earning approximately two cents a share. That puts the stock at $.30. To say it is grossly undervalued is actually an understatement. What's the downside 7/10 of a penny, what is the upside, 45 times your money. And that is only if it goes to fair value. That does not even factor in the short squeeze which I am seeing as highly probable.
Good luck to all the Longs in this stock. I hope we have our day of redemption. If it does, it will probably be one of the most exciting things to happen to us in a lifetime.





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