Replies to post #30259 on Phoenix Associates Land Syndicate (fka PBLSQ)

[seeclear]

'mmt' Sorry...but I do not agree with any of your assumptions! First, I do not, and never have bought into the NSS theory! I will repeat "I believe that the company has bought and sold it's own shares via a third party Hedge Fund!" And if there was an overseas NSS (it would be dumb to pull that off this side, to a company with the potential of PBLS) there would never be a 'squeeze'! The pps will accelerate based upon PBLS greed in conjunction with 'the skeleton removal team'! At least that's been my steadfast opinion! We should be fine as long as 'Quido' doesn't party too much and spill his guts to one of his 'crack ho's'! SC

[momentumtrader]

Here is the bottom line.
The company currently has approximately 815 million shares outstanding. They've announced in their September 26 press release that they would expect revenues to come in around 206 million. They said the net pretax revenues could be as high as 10%. That number is 20.6 million. A conservative number is 10 million net profit. Based on these earnings with a PE of 15 you come up with $.18 cents. I might add that it's a very low PE for a company that's going through rapid growth. If the company ends up doing much better next year, which I get a strong impression they will. You can expect their net profit to be much higher. It would be realistic that if this company gets to a billion in sales over the next few years that it would not be unrealistic to see a dollar or more.
I personally am not interested to sell until what I feel is the inevitable short squeeze. I've never seen a more undervalued stock that had so much short squeeze potential.
The pressure on the stock will be incredible when the company becomes fully reporting. At that time I estimate that a short squeeze will most likely happen. That is only a few months away. If we do get a short squeeze and the shorts are forced to cover. I personally feel we will see multiple dollars or more before they can cover properly. Remember this short squeeze could happen as soon as a few months. Even if it takes longer, so be it. I have the utmost faith in this company going forward and see this as an incredible investment opportunity.

[gnulnx]

momentum

"The naked short position on this company is anywhere from 500 million to a billion."

Can you prove that? How do you arrive at those numbers. The only number I ever heard was 100M and that was from a pretty darn good source. I personally think they have covered and moved on.

[Bluefish]

Not sure what you mean by: "brokerage houses floating their failure to delivers feel to much pain and cut off the spicket".
I ordered 550k certs. They are only giving me 55k. I had to reorder 495k. Shady to say the least imo. They couldn't explain what happened. I had called in several times to confirm the order and it still turned out confused, on purpose in my opinion. lot of luck (Ameritrade)