I just got off the phone talking to Paul Alanzo, the CEO of PBLS...
For over a half an hour...I was Amazed that he called me back so late in the day (6:30 EDT)...This was the First time I have EVER called HQ, or had ever spoken to him, and I have to say, I was VERY impressed...
First, the ProGas Deal IS a 'Done Deal', but there won't be a PR tomorrow announcing such, as an employee at ProGas responsible for submitting documents to PBLS Lawyers had a death in her family this week...Her husband died...
Expect this PR by Friday or early next week...
Paul mentioned that they had their lawyers draw up a $2MM contract for FEMA related work on the rebuilding of the levees, but decided that in the end, it was not in the best interests of the Company, because they did not want to be the "Bank" for this deal...
The Slidell plant that ships Internationally for Swimming Pool Products takes most of that grade of sand they produce, and the other grades of sand are being sold for 'cash' at a better paying rate than FEMA offered...
The Sand and Gravel Operation is selling everything they can produce, as fast as they can produce it...That's why the most recent photos of the 'Pit' do not have a lot of product stockpiled...
We didn't talk much about the Construction Division, but he verified that the clean up efforts in New Orleans have not gone as fast as anticipated...
He did mention that the rebuilding of NO could last up to ten years, and that they would be a part of it in a Big way, with the Sand and Gravel and Dirt Division, the Construction Division, and the Swimming Pool Division...
We talked about Kentucky and Wyoming Oil production Estimates, and the numbers he gave me were staggering...Nothing really new here, as the PR's pretty much say the same thing...
The Wyoming lease has NO legal problems as far as 'Environmentalists' are concerned...
We also talked about Seattle, and the fact that they had a meeting there with 25 International Investors interested in further developing the O&G Division of the Company...No specific buyout of any particular Company was the reason for that trip...
I joked that we thought they were buying 'Starbucks' or 'Microsoft'...NOT!...LOL
Their next and newest Acquisition 'could' be an O&G Operation in one of the Western States (not Wyoming) with a Sizeable Oil Reserve (50MM Bbls)...I promised him I would not go into further details on this subject...
The buy back in the Open Market has NOT started yet, at least not in the way we had all anticipated...They have not yet found a Broker or two that will satisfy their needs...
But he did say that they Have been involved in buying a Large number of shares without the help of a 'Broker'...I promised him I would not go into further details on this subject...
The reason for the 'Gag' on the TA is: he was receiving up to 250 calls a day asking for the O/S and A/S, and that this TA has many other Company's he does business with...
He said that this Transfer Agent was going to 'Quit' doing business with PBLS if he had to continue taking this Volume of calls from PBLS Investors...Paul really likes the job this TA is doing for him, and did not want to take the risk of Losing him...
The most interesting and longest part of our conversation had to do with the games the MM's are playing with the pps of this stock...They are Very Aware of what is going on here...
He said that their Lawyers have suggested the best way to account for all the shares of this Company would be changing the Ticker Symbol and QSIP number of this stock...
Do you all understand what this will do to the MM's if they do this?
The MM's will have to account for every single share of this stock, and if they are Selling Short or Naked Shorting, they will Immediately be accountable for Every share they have shorted!
Can anyone spell "Short SQUEEZE"?...ROTFLMAO!!!
Now, here's the REAL Kicker...The reason I called Paul is because I personally own 2.35MM shares of this stock, and I have four brothers and sisters I have gotten in to this stock for a total of almost 8MM shares...
And to be Honest, all together we are DOWN almost $500K...I personally am down almost $50K on this trade...
I called to ask Paul to buy ALL of these shares for .02
He agreed without hesitation...I asked him: "What if the pps is at .01 next week, will you still honour this DEAL", and he said "YES!"...I asked him to "write it down next to my name" to be sure we had a DEAL...
I WILL take this as a Verbal Agreement like 'man to man', and KNOW it will be DONE as agreed upon...
He explained that he didn't want any Shareholders that weren't interested in Holding this stock for less than two years...He wants nothing more than to "Get rid of" the Day Traders, Penny Flippers, and other Non-Believers...
He said he would take our shares, and "Retire them" to the Safety of the Company Treasury...
If you don't believe me, call him and ask the exact same question, and I'm SURE he will tell you the same thing...
I leave this Friday for my 50th Birthday Celebration in Orlando, FL., and have plans to meet Paul and Company on the 9th-15th of December....
When I return, I will have a LOT more to say here on the Public Board about my Experiences...
