Sunday, February 18, 2007 8:30:16 PM
Olddog... PBLS.PK is not only a penny stock, traded over the counter, but is "pink sheets" stock, which means among other things that they are not complying with SEC reporting requirements. From jim_charts earlier post touting pbls to me:
"For every 167 common shares 1 preferred share will be issued.
10 dollar per preferred share payable within 5 years with a 6 percent per year dividend. Yield for me, for every 1.002 dollars spend in Nov. 13 dollars on the payback. And the best part. The shorts pony up the dividend."
It is highly unlikely that this company will exist for 5 years to redeem the psu's, let alone have the cash to pay dividends. This has all the earmarks of a pipedream in my opinion.
http://finance.yahoo.com/q?s=PBLS.PK
"For every 167 common shares 1 preferred share will be issued.
10 dollar per preferred share payable within 5 years with a 6 percent per year dividend. Yield for me, for every 1.002 dollars spend in Nov. 13 dollars on the payback. And the best part. The shorts pony up the dividend."
It is highly unlikely that this company will exist for 5 years to redeem the psu's, let alone have the cash to pay dividends. This has all the earmarks of a pipedream in my opinion.
http://finance.yahoo.com/q?s=PBLS.PK
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