The Good News is, even if they could sell all of the new 750M shares into the market in Monday (which they can't), it would only be worth approx. $7.5M in cash to the company assuming the price plummets to an average of .01 as they buy on the way down.
The Bad news is PBLS can sell into the opn market if they want with and with a gagged TA, we wouldn't know about it.
The Good News is, based on financials, I don't see why they would need to sell those shares to raise cash.
The Bad news is PBLS can sell into the open market if they want with and with a gagged TA, we wouldn't know about it.
The Good News is that this PR basically confirms the craziest rumors that have been flying around and provides "proof" (I guess) for the logic behind the so called Preferred 3 "poison pill." Someone with $1.5B is buying power is after control of our little PBLS...and if PBLS will buy x, y, and z companies in the rock and mining industry, they will buy 1B in PBLS common shares on the open market and pay...hmmm...I wonder what they are willing to pay on average per share of common...hmmm...I wonder where Paul and Ron got the common value of $.06 for the preferred conversion deal...hmmm....
The Bad news is PBLS can sell into the open market if they want with and with a gagged TA, we wouldn't know about it.
The Good News is that this hasn't been much of a momo play since June 15th, so aside from a bunch of bad holders already down 50-60% on average, who is there that is left to sell for a loss who already hasn't on Monday? And if it goes sub-penny again, I will buy more though I hadn't planned on it...
The Bad News...well, you get the point.
I personally expected the A/S increase and have since June 15th. Still stupid and crazy enough to not have sold. This PR for me personally was really good news. It confirms from some sources who are really, really negative on Ron and Paul what is really going on behind the PBLS scene. At least what the rumors say...
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