Most commercial acquisitions are announced when the agreement is made and then usual time to close is approximatley 6 months, or even longer depending on the complexity of the transaction.
For example, the condo deal was contracted for in July and closed the end of November.
So hopefully this new acquisition will be on the books by the end of the year.
I wanted to make a note that everyone is stating that PBLS has 2.5 billion in OS - Outstanding shares, when in fact the number is for authorized shares. Therefore I am still under the belief that the shares are not issued therefore are not outstanding. The have the ability to issue when the want to.
When disecting the Friday press release I would like to focus on the plan by the investing new partner to purchase 2/3 of the shares in the open market and the remainder will be supplied by PBLS I imagine when certain transactions take place. Everyone asks "why would they want to purchase the shares on the open market, this would in theory escalate the price per share" therefore making the partners investment cost more.
As some of you may know when a firm acquires another firm they normally place bids relative to the outstanding/issued shares and the trading price, the offer is usually more that the current share/trading price.
In our case I firmly believe that the company is worth more that what it is trading act. The trading of PBLS is not reflective of its true value and we are not privy to the information to ascertain the true value.
I believe that the investor will purchase the shares on the open market, which should increase the share price to hopefully be a better indicator on the true value of the company. PBLS and the new investor probably have an agreement in place that establishes the basis for the investors contribution. So they purchase the shares at market, then after the 2/3 have been acquired they will do an accounting and then establish the balance due on the original investment and company shares will be sold by PBLS to the new investment group at a most likely dicounted rate. So in essence the investor had driven the price of he PPS up to reflect the true value of the company which in turn has increased the value of the shares overall and their investment. Its a win/win situation. They get the share price up to .15-.20 and then purchase the PBLS non-issued but authorized shares at a discount and provide PBLS with additional Capital, while not reducing the PPS they have driven up by their purchasing.
Just one theory, but I truly believe they know what they are doing. The only way to get the Preffered shares to have a value in order to be tradeable in the open market PBLS has got to get the common share PPS up. Ron and Paul may hold the Series III @ 10 per share, thats what they have it booked at but would someone be willing to pay that for the shares they own. MOST LIKELY NOT. Therefore inorder for them to be able to cash out they have got the get the PPS increase to make their holdings more attractive and tradeable in order for them to be able to CASH IN.
I hope and believe that what they are planning and the vision they have is possible and with hard work and determination it should be successful.
God willing have a GREAT DAY.
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