1- the Katrina sells would bring up the unregistered share question, since if they had mentioned that to me I would have brought that up like a bad lunch
2- the revaluation is a bit immaterial, but i wanted to see how they answered that
3- yep, arrogant as hell.
The red flags all have to do with their capital structure, not with their holdings, although I didnt like their rah rah rah about the gravel pit and only to be followed with its a minor part of the company once word of the lawsuits got out.
If these guys are truly ready to show this thing to the world they need to hire a real PR firm and get an investment banking firm that will get them on an exchange, and help get the filings with the SEC. some byu grad with a degree in French isnt the answer (I would think the Amex, if they arent FOS) .
The announcement I would like to see would be simple "PBLS hires XXXX investment banking firm to explore STRATEGIC ALTERNATIVES IN ORDER TO MAXIMIZE SHAREHOLDER VALUE." If these guys are real, any regional or mid sized investment banking company would love to get get this deal to an exchange. It concerns me that there has been no rumors of this (or at least none that I have heard)....
next is your turn whirl.. 1- we all know they sold shares post katrina. so you disagree?. 2- I never called it an empty shell...please show me where I called it an empty shell... you won't because you cant.
I am sure my posts confuse you as you stated.
