Well, could it be PBLS selling shares to raise cash. I believe this has been their modus operandi. This is the unique advantage they have had as a pink, to sell shares directly on the markets with no need for any disclosure. It really is remarkable.
The question always has been why would they sell so low? But, maybe now we see that the real value of PBLS is tied up in the preferred. Still, it then gives the question as to why they are offering shareholders to convert to preferred and values the common at .06. This is screwier than a can of worms.
I have heard their arguments how they were not able to accumulate shares on the open market, and this has got to be pure BS. As to the naked shorts being the big sellers, this would be a good cover story.
Maybe the offer for the shares to convert is a method to try to prop the stock up in price. But, to allow people to convert at what amounts to be such a discrepency in value is curious.
Maybe they have been practicing Voodoo. It is all very weird.
Here is a key point, I think...who owns the series 3? PA and RB, or PA and RB AND the owners who sold the companies to PBLS.
If it is the former, I smell trouble in PBLSland.
Regards,
Anchor
