Morning Peeblers,
Not much good about it.........
Been reading and stewing for weeks now and all of a sudden the light goes on.....
Just my theory but the order of events and results do seem to fit.
Around the first of 2007 O'Riley appears with Promuto in hand telling PA and company that he has been following their little growing company and he has a plan to take them to the next level as a holding company.
PBLS can invest their new found Katrina windfall wealth in an overseas project he has been working on for two years.
PBLS must set up offshore banks which O'Riley has the ability to do through a network of people, The Haydens, and PBLS will receive huge tax benefits as well as insurance benefits by doing their own financing through their own banks.
First they must start selling shares, unknown to shareholders. This is easy as the TA and financials are still unknown or unaudited. Once proceeds from share selling are collected and deposited PBLS can complete acquisitions, the Mississippi pit for one, that will allow the Komex deal to become a reality.
O'Riley is given the keys to the bank and checkbook authority as VP of Overseas Operations and the cash starts flowing offshore.
More money is needed and expenditure payments are delayed. The money will really flow when the Komex deal is revealed but it is important to get their ducks in order as Komex is anxious to work.
The Komex deal is announced and busy body investors start digging for confirmations opening cracks to the deal.
The share price falls from the new recent high of .032 as the ta is released and unaudited financials are released. PA really was planning to release audited financials but with so much money sitting offshore and deals waiting to be completed it is not possible at this time. Shareholders are reassured that patience will be rewarded.
AS time passes as angry and disappointed shareholders keep finding new discrepancies. and PA and Pulmuto start to smell a rat.
O'Riley and his grandiose stories of California family and wealth are found to be a fraudulent and he is really Riley, a scam artist out on bail in Ohio awaiting trial for for bribery and investment fraud. PBLS should have done thourough background checks but Promutos involvement led them to not ask embarrassing questions.
Feds are called as PBLS and probably Promuto realize they have been scammed and their money is sitting offshore in an untouchable bank.
As the Stomach Churns to be continued.........
Whaddeya think Peeblers?
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