"One thing is for absolute certain. investors are competing against management to sell shares into the runs. Unfortunately management has a huge advantage here since they know what and when they will release the information."
This is what makes PBLS such a dangerous gamble/investment.
I have always believed this to be the case but due to the fact there was verifiable business, PBLS nature of business and opportunity due to long term Katrina recovery efforts, I have disregarded better judgement and continued to gamble.
If PBLS used the ill gotten proceeds to reinvest in the company rather than pad their personal bank accounts, PBLS could have been wildly profitable. All shareholders including management with hundreds of millions of shares would have prospered.
To date we are still speculating where the money raised through selling of shares went.
With PBLS inability to pay the light bill, the outlook is not good.
The most important question now is whether PBLS will survive and whether management will realize how important telling the truth is in the long run. I think it is safe to say that dreams of huge profits in the near future have been burst and that survival is now the immediate goal. PBLS appears to still have enough equity and verifiable business to continue operating if the financial loss is not a total disaster.
The results of the Murphy pit court case due next week can be a turning point. If the appeal process can be continued and work resumed, PBLS little money engine may limp along providing energy to survive.
AI
