As mad as you are John, you like me, know only pieces of the puzzle.
You have no direct evidence that they:
a) sold stock into the market the way you imply
b) anything fraudulent has occurred
Like me, you can hide behind your opinion, and you know as much as I do about what's going on with PBLS. But just because a would-be "manager" sold you a song and dance because he's a glorified car salesman (and you know who I mean) doesn't mean that there is anything fraudulant going on. We don't even know what he does for PBLS or if he really works for the company outside of the bank acquisition which his father put together.
Have they made some poor purchases in 2006? Yes, absolutely IMO.
Have they used stock to acquire some of these poor purchases. Yes, absolutely IMO.
Have they released some PR's that set the bar of success so high they were doomed to fail. Yes, absolutely IMO.
Have they pissed off quite a few trader/investors along the way. Yes, absolutely. From time to time, I am one of them.
However, this isn't played out yet. You jumped ship and that's fine. We all make our decisions. But there is still a play here. There is still some good things in the works and you know it. We can all jump to conclusions on the would-be toxic financing based on the would be news/rumors/opinions that we have. OR we can wade through August's PR's and see if they are going to really tell us what is going on and hopefully its good.
Today, they are still a pink.
They can gag a T/A.
They can increase the A/S and not tell anyone until after the fact.
They can sell shares until they don't have a share left to sell.
They can do private placements and tell no one about it.
They can raise money through Promissory Note and tell no one about it.
They can buy whatever, wherever, whenever using cash and shares and tell no one about it.
They can use company money to give BOD bonuses, buy cars, houses, whatever.
None of that is fraud.
When fraud is PROVEN to have occured, I will be one of the first to file a lawsuit and force disclosure.
Gnulnx. I consider you a good man and as close to a friend as you can get on these boards. So please recieve what I am saying from that position.
EOM.
Ren
"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
www.younglife.org
