tedwit,
"Where is the swarm of auditors?"
When releasing financials I would assume that it is all or nothing when stating who crunched the numbers. PBLS is not reporting as being audited but only "signed off" by a SEC lawyer.
I think we can be assured that PBLS has a handle on the numbers but not to the extent required as being reported as audited.
PBLS has been consistent with revenue and profit numbers provided in the past although a little off the wall concerning oil reserves and mineral assets.
I think we can expect much better second quarter numbers released in the next few weeks but it is becoming very clear that we are not moving until the share structure is revealed.
Determining company value is dependent on accurate numbers concerning assets, revenue, profit and share count.
It is all pretty simple. PBLS management is one day going to have to belly up, stop trying to manipulate a pps, and provide necessary transparency.
Buying PBLS today is like buying a new car, knowing what you are buying, but being told to sign the dotted line and we will tell you the price "soon".
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