And another thing..
When the ProGas acquisition was originally annouced on Nov. 15th, the PPS was around .025-.026 and then flatlined basically going into the confirmation of the closing. Since the closing PR, the stock has basically received a 50% haircut. Why?? Because the annual revenues are less? Nope, actually they are more than likely higher than the original $190 million. Because they only made $400 thousnad net? Maybe part of the reason, but those who have dug around know this number should be much higher with PBLS now controlling the expense pursestrings and the number were audited numbers. They are profitable!
Much of the recent fall was because of the State of Nevada increasing the amount of the A/S on their website when in reality that was a mistake. So what happens the day soon when the A/S is posted back at the correct numberon the site? Just taking a look at the some technical indicators, who will want to sell into this short-term decline.. The 14 day RSI is at 27% and the Wms% is at almost 98%..those are at least short-term buying signals for a way oversold condition IMO, not sell signals. You want to buy when there is blood in the streets, and some recent sellers are going to find they may have chase the PPS if they want back in. Fundamentally the company is stronger..not weaker..and fundamentals will eventually win out as the company becomes more transparent shortly.
AI
