Actually that was when we were in a "quiet period" with a gagged TA. Investors calling BestJets ticked off Paul Alonzo, since he had the wisdom to mention the purchase before PBLS informed the BestJets employees. So it wasn't news based if I am remembering correctly. As for the decline, the company was no longer in a buy back at that point. They rescinded the .03 offer in July 2006. So many believe they were selling shares into the open market and that's what caused the decline. I still don't know if I believe that or not, but the open TA and the 2.5B O/S is pretty compelling "evidence."
One of the debates was the argument whether the company's claim that their O/S were less than 800mil or asus' claim that the O/S were closer to 1.5bil. This occurred about the same time as PA went on the radio program and announced one of the deals too soon. Investors contacted the company and PA gagged the TA. The company was also promising audits and transparency. It did none of those things and asus was correct about the O/S. The credibility of the company was called into serious question precipitating end of year 2006 drop. It was suspected that this was a company plan to permit dilution while diverting investors attention toward other company claims. (Just what I remember)
The drop in pps between July and December was caused by the PBLS printing press and PA selling shares. The previously announced that the share count was under 900 million and when the ta was ungagged the issued count was 2.5 billion. PBLS has been screaming naked shorting while the reality is that they were diluting the outstanding share count driving the pps down. The pps went up to .034 in anticipation of the Pink Sheets financials release. After the release showed the share count at 2.5 billion issued it has steadily fallen to new lows. Not even the announcement of a mysterious 6 billion Komex contract could counter the share dilution. If Riley and Pulmuto are really gone it is going to take massive reorganization to put the wheels back under PBLS.
I hate to say it but this is to be expected with a company that has been given windfall profit opportunity from Katrina. PBLS is not dead but is giving birth to a bouncing baby...... or a corpse.
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