PBLS management is saying that information leaked by Mike Riley caused investor/gamblers to lose confidence in management their investment/gamble and sell shares in panic.
This may be true but the company should also accept blame as they have released over the top but unverified pr and continually issue pr that is ignored once released.
Not following up on becoming Pink Sheets current information compliant tier on a stated date, continually raising the O/S after stating that the O/S would be 815 million on July 15, pr of pit web/cam that never materialized and surprise lawsuit from a pit sub contractor/partner etc. etc.
Yes there are major problems in the bunker and a major house cleaning will inevitably happen.
Is this the end of PBLS? I don't think so. There still is a real company with real divisions and ongoing production. Some divisions may fail but once the management housecleaning is complete there is a real possibility they can emerge bruised but functioning.
There are still a monumental hurdles to clear as most questions are still unanswered. The biggest in my mind is still "where did all the money go that was raised to do the Komex deal"?
Geez....... Now we have a clandentine message from smokeandmirrors......
It take a hand grenade to finish housecleaning in the bunker.
Stay tuned for the next episode of "As the Stomach Churns".
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