Agreed on a lot of this, but disagree on a lot of this. Try and keep in mind that while KOMEX is based in Poland but has offices, partners and production facilites all over the world. We all assume they are shipping to Poland, but we don't know for certain. They could be buying in the US and selling/providing it to a partner in the US.
As for PBLS, a lot of the companies the Bayou Boys have bought are junk IMO. Pro-gas, Rome Oil etc etc etc. However, a few of them have merit and margins (20-30%)...Best Aero (which no one talks about), 3D Construction, and even the lowly Murphy Pit. Either way, industry average for the contract should be in the 20% range. It's huge for a micor-cap like PBLE even if it's 5%.
Also, PBLS might have lucked into a saving grace in their new partners. The story is that Mike O'Riley was brought in to value the pit and that's it. They didn't know who he was connected to. Just know that O'Riley and Promuto are easy to find online. They are already worth tons so why be involved in a P&D of a penny stock? Why waste the time?
The Bayou Boys have done plenty of "creative financing" I agree, but some new blood that is professional, experienced and focused is on board now and putting pressure on PBLS to be transparent. The risk IMO of PBLS now is not further dilution as much as it is the Bayou Boys running off their new partners, who are indeed perhaps the best thing to happen to them since Katrina.
But what do I know, I haven't hit "ex-moderator" status yet. ;)
Ren
"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
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