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Re: coydog post# 19342

Sunday, 07/29/2007 12:34:27 AM

Sunday, July 29, 2007 12:34:27 AM

Post# of 46420
Coy: Going undercover again. Keep getting deleted on PBLS. I am not an expert, but the unaudited financials have a few glitches that with a few accounting tweaks can flip their claimed earnings to negatives. With the way they are doing the new "partnerships", I don't see where they are gaining earnings. They are diluting so the O/S will hold the low PPS...low. With the market sale of A/S, the income will go to the company pot, to be "non-profit", non-earning, non-business-related income...and then, the PPS and EPS will tank. But, with the increase in the A/S to the new figure, the sale of those shares go in to the corporate pot. Doesn't go to the shareholders. The "non-audited" and possible non-accepted accounting practice "financials" will not reflect that all the cash flow passes through the mill to "management"...because they don't report. It is the "catch me if you can" mentality. The SEC just can not spend time on companies in the pink. They are not required to and won't. It could be different, but what persons that fabricate don't realize that through truth they could accomplish more. But, it is a waste of time to go there.

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