Today I liquidated
5M shares. I still have 1M in certs that I need to get to a broker so that I can sell. I took a huge loss, but ultimately I came to believe that my losses would only be magnified over the next year. If PBLS runs to a penny I will have missed a better opportunity to sell, but I won't regret selling my shares today. No more buying back for a flip. I'm just trying to get what little money I can get out.
Tonight I will begin the task of writing a letter to the SEC about PBLS. I'm not alone. It'll take a couple of day's, but I'll probably post hit here once I've finished it. There are several more people in the same predicament. I have every reason to believe PBLS will trade to .0001. It will likely bounce many times between here and there, but I'm not a skilled/stupid enough trader to try and make money on the long side of stock headed straight down.
These guy's have played one of the greatest scams that I have seen and in the coming months a lot is likely to come out. Suffice it to say that I think the web of entanglement is quite large. More people involved than most believe. A lot of "trustable" sorts on the boards are less than trustable. There are also a lot of very good people that I have met through this stock.
I've done a lot of thinking about a shareholder lawsuit and I've essentially come to one conclusion. There won't be anything left to give to shareholders once the lawsuit is one.
In my opinion I believe this company has taken all the cash they could take from the companies they aquire and then they essentially quit paying the bills. So tell me where has all the money gone from the supposedly thriving companies...200 trucks coming and going...etc, etc? Well again in my opinion I think the money trail is going to lead to real estate and offshore banks. Huge Naked shorting? Possibly, but if there is PBLS is likely using it's own offshore banks to do the shorting...and most likely to extort the money. Oh and BTW what was the name of that off shore bank?
I am absolutley certain that the final fate of PBLS is going to be an SEC investigation, and halt of trading, and hopefully if there is any justice in this country, criminal charges.
I suggest everyone holding a position in this cmpany at least run a back ground chec on Ron Blackburn. To those that don't know Mulshine has been involved in many scams over the years as well. I honestly used to believe Mulshine, but as I've eventually untangled the web I've discovered that his involvement is at least as sinister as Paul and Ron's...if not more sinister. He actually had the gall to email me and tell me that I should sell my shares...while during the same day he told another shareholder PBLS would likely go to 5-10 dollars. Of course I've saved every email dialog with this company...it's a shame I couldn't record the phone conversations I've had.
I also have email records of Blackburn telling me PBLS would be on the "elite pinks" in two weeks...
There have been a lot of things that have transpired over the last 2 years. I've known PBLS was a scam for awhile now..at least on some level. It was very hard to sell today for a loss, but I was convinced that short of trading my way to a lesser loss I would loss it all. I'm certain PBLS will hit the final bottom at .0001.
To those good souls out there that will continue to believe I honestly hope the best for you. More than anything I'd like to see PBLS run to a penny so that a lot of friends can get out with a lesser loss than I took today.
I'm sad to say there are many things I'm not going to post because the last dying breath of this company may very well be lawsuits against investors. I'm not going to give them that kind of ammunition. Those that know me can call for more information.
So what will I do now? Well I'm not going to try and trade PBLS to even. I'm certain it's a scam and I'm not comfortable trying to make money off the next generation of suckers....how would that be any different than what the company is doing? I'm probably going to take a break from trading and focus on the more important things in life...for me that's my wife, music, and the career that will continue to pay the bills. The money I lost in this stock pales in comparison to the time I've lost. How many hours reading boards both as a moderator and as a regular poster? Countless. Funny some of the people I considered enemies in the beginning have turned out to be far smarter than I ever was. Some of the people I considered friends turned out to be quite sinister. As I said the web of entanglement is quite deep.
One last thing. I won't sleep until I see those responsible convicted of the crimes they have committed. I've probably already said more than I should have so I'm signing off for now.
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