gitonwithit, Interesting! You may be on to something...
I think it takes something like 3 qtrs of filings, plus an application, for a company to rise from the pinks to the OTCBB. Perhaps an RM into a fully reporting company would get around that requirement. And any accrued tax-loss carry forward would shelter profits and might be the major reason for PBLS to go for it.
Sounds like it could be a big win for PBLS. And I'm sure it wouldn't hurt the stock price as they could keep their profits and use them for further expansion.