Here's the text for those wanting to avoid R-Bull...
By: sirtemp0
16 Dec 2005, 02:07 PM EST
Msg. 28348 of 28349
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It should be interesting to note that given the restricted shares for Progas, [we don't have those numbers], and the following acquisition [we don't have any particulars], nor the restricted share count here.... PBLS has the need for further Authorized Shares to offset these purchases.
We all understand that it's common for Pink Sheets to issue shares to investors, so we should also understand it's common to issue shares within the quide-lines of company acquisitions.
In any acquisition such as ProGas, the restricted shares are for 5-years and above a dollar. So given those facts, it's also a large buyout, a larger amount of shares is needed if one doesn't have a large amount of cash.
The bottom line is that once a company gets say within 200million of reaching the limit on the A/S, it's important to keep shares off to the side in case of an emergency. This is exactly what PBLS has done, they have increased [following public-entity guidelines] to offset an emergency situation. I have personally spoken to Paul, and others have Personally spoken to Ron, and PBLS is in now way considering the use of these extra shares, period.
From recent acquisitions, restricted shares are absolutely NECESSARY. From the vantage point of PBLS, and their recent acquisitions, plus those ahead of use [much larger than Progas], where do you think these shares are coming from?
A pie in the sky? I personally am not concerned because I know that PBLS is debt free, ProGas is debt free, and all of the other acquistions are DEBT FREE.... and remember, these shares are restricted for 5 [five] years. Where do you think we'll be in 5-years? I know. It will be at least in my conservation estimation [a 700 percent gain from here].
Anyone that has followed this company knows the potential, but as we all know.... PBLS is slow to release information outside a quick [acquisition note]. This is Paul, and this is how Paul does things. Do we all agree this is the best way? No. But Paul keeps things close to his chest for many reasons, some of which I don't know about. But for the most part, it's future players/acquistions in which Paul is working on.
We will soon... get more info on the added Authorized Shares, on how much PBLS paid for ProGas, said shares, all sometime in January.
So if you see a link heading you off to a Nevada story telling you it's now 1,997 billion instead of 1,000,000,000, it's true. We have investigated this FULLY.... and find nothing pecular about it. It would be pecular if we didn't know of ProGas as an acquisition [party responsible], and other pending... acquisitions. Paul has spend many many years developing this program, and cash to help finance along with restricted shares.
I have been promised by management that the future of PBLS does not hinge on adding a further burden to shareholders.
What we've spend in cash and restricted shares has more than paid for itself... But again, this is in the future, right? Rome wasn't built in a day, so stay tuned, stay focused knowing Paul/Ron and company have our best interests at hand.
Again, we have spent, myself along with 12 others.... hours investigating this matter and feel very confident Paul has our money heading in the right direction.
Paul understands too that given our course of greatness, we can't keep all of the info not given secret. Paul and Ron along with Mike Mulshine are working hard this week to incorporate [a lot more info] into the next PR's. We/ I have been on this for days now. We/I understand that the Nov release stated more info to come regarding the Progas deal. So stay tuned... more to come.
I know Paul now, he's been burned by shareholders regarding those who call and wine, complain before even asking how he is, asking or congratulating him on the ProGas deal. Here is how you approach Paul.
First, you don't ever call him on a negative note. Never, never never.... You ask how he is, saying I know your working hard in our best interest. That way you won't get the response when you say something very negative... and a response may be "well if you don't like the company sell the stock". Has this happened? Yes, but after talklilng to Paul, I truly understand where he is coming. A lot of these idiots on these boards and others don't have a clue as to running a business, let alone a public entity. And remember this, it's Paul's and Ron's FIRST FIRST FIRST... public company, so let up a bit as their learning curve is finally becoming a lot straighter!
Finally, I didn't visit the company this week, I had other appointments that came up. But plan to visit sometime in Jan, and Ron said I could stay with him if necessary. These guys are going out of their way to provide us a great company, and there are many here and other boards that can contest to that. So be careful what you say, and know that Paul and Company are leading up to great places.
ps... they have in no way used any, I repeat any of the added A/S, and the O/S remains the same. I repeat... the O/S remains the same and will not change in the forseeable future. Read my statement again on why we are fine and fixed with the 997mil, but why it was necessary to raise the A/S for emergency reasons only. I for one know of no company when reaching with a certain % of A/S, doesn't raise the bar to the next level for emergency purposes.
Now, all those bashers who don't have a clue, haven't entertained this new A/S for about 30 hours as I have... with many calls, many conversations, do ahead and BASH... because we know your and IDIOT and there's nothing else that can explain it.
SirTemp
... I have $110,000.00 dollars invested here. do you think I'm going to take further risks and buy more? Yes, I'm buying more this week based on what I know as of TODAY!!
Best to everyone as I go back lurking!
AI
