thnx for the head's-up Tony. Just read through the 12Feb, 2011 filing and a few things caught my eye and a good reason to keep holding through here imvho. Could easily be looking at a huge move here in the making.
First, no surprise PYBX got out of NH3. Here's why imvho. There was a very quick shift this past Fall from the tack of NH3/Ammonia hybrid bridges to eventually electric auto's, to a full-on press right to ELECTRIC now. My take is this has come from the White House and so all car makers greatly stepped-up advancements/R&D AND INCREASED INFRASTRUCTURE for the new electric auto age. It's coming very fast now ~ much faster than anyone could have anticipated, esp those engaged in NH3 development, like PYBX. So their backing off now makes perfect sense and which is why there were no announcements or news on or before the holidays.
My Auto Show is currently happening right now in the Big Windy and is loaded down with electric offerings that are being touted to hit the streets this year en masse. And that includes Ford, which judging by their current stock price seems to be leading the way in this and that shareholders are excited about the direction. My take there also is the White House has been working closely through Ford to get the electric auto age in full swing in 2011/beyond (since F were the only ones not to need a bailout and showed the most fiscal responsibility). Also evident has been the amount of new electric charging stations at gas stations in the past 4-6 months. This shows electric is the new paradigm that everyone is now concentrating on, not NH3. It was a fine idea, but as said, imvho the Gov stepped in on this and wanted ELECTRIC NOW and not a few years from now. And given that, PYBX has switched focus still in the GREEN sector to their construction interests in B.C. I see the move for the company as a win-win.
Second. I like that PYBX continues to maintain integrity on their share structure. No flagrant increases like so many other stinky pinkys ~ and certainly no A/S increases here. Further they state that any any future funding would come from preferreds and not common. And there is one standout in particular from the new filing that appears to be HUGE.
In the table below, it shows that on 28Sept, 2010, Stanley Larson was issued 200M shares. Though this raised the "tradable float" by that many shares, what's KEY is NOTICE THE PRICE AT WHICH THOSE SHARES WERE ISSUED = .003. As it is known, Stanley Larson is also PRESIDENT of TRDY (Trudy Corp). So this type of activity and his involvement in PYBX to the tune of 200M shares, bodes well and seems to say something big is in the works. The recent 8K filing for TRDY shows Stan Larson as PRESIDENT. But the MAIN point on the additional PYBX 200M shares issued to him, is that they were originally valued at .003 AND NOT .0001 (that was the going MARKET RATE on or about Sept 28th when the stock jumped up on the run)! Just doing simple math tells anyone that he will not be selling ANY of those shares for anything less than .003 now, and since they were issued at that high of a price, the expectation for much higher prices here is well in the conversation. No one would accept shares on a sub-penny at that kind of price if they didn't believe the stock wasn't GOING UP FROM THAT BASIS. Imvho, none of those shares issued to Stan Larson will be hitting the market anytime soon given their basis price and that there seems to be big things in the works here.
It is also well-known that TRDY's stock price continues to maintain a .003/.004+ pps as well and was as high as ~.025. Obviously Stan Larson is no dummy and he accepted the PYBX shares at MARKET RATE at the time of issuance, so no duh, he expects this stock price to be going much higher than .003! It also seems to be no coincidence that per their Feb 12th filing, at that same time the shares were issued to Stan Larson in late Sept., PYBX also filed "Articles of Domestication" in Wyoming. And it just so happens that per the TRDY 8Feb, 2011 recent 8K filing, it shows that Stan Larson and TRUDY CORPORATION, ALSO FILED ARTICLES OF DOMESTICATION IN WYOMING on 4Nov, 2010. Hmmmmm. That, imvho is NO COINCIDENCE. Something is brewing here and my take is it's gonna be big for both tickers.
From the new 12Feb, 2011 PYBX Annual Disclosure Statement (actually dated 9Feb, 2011)~ and though they are considered "free trading" rather than restricted, their basis price of .003 is more than significant and virtually guarantees they will not be sold for anything less than .003, and most likely when sold, planned to be sold much higher than .003 since that's the basis worth of the shares:
PlayBox (US) Inc Private Offering of Shares Issued For Thirty-Four Months Ended September 30, 2010 Common Stock Date Name Shares Amount Per share price Oct. 15, 2008 Henry Maloney 700,000 $63,000 0.09 Nov. 15, 2008 Gideon Jung 7,200,000 $360,000 0.05 Nov. 19, 2008 Debondo Capital Ltd 5,623,008 $224,920 0.04 Nov. 25, 2008 Jabeco Inc 9,000,000 $360,000 0.04 June 22, 2010 Carlton Wingett (Affiliate) 2,000,000,000 restricted $200,000 0.0001 June 22, 2010 Market Awareness Corp 200,000,000 free trading $ 20,000 0.0001 June 22, 2010 Fordee CA Trust 200,000,000 free trading $ 20,000 0.0001 Sept. 28, 2010 Stanley Larson 200,000,000 free trading $600,000 0.003
This is a huge connection with Stan Larson/TRDY imvho and could easily send PYBX into pennies territory imminently. It appears the two companies are becoming more than just friends!
Lastly, the PYBX chart shows the pps to have established a consolidation bottom and is now primed for a MAJOR move higher.
The main reason I see for the price drop back to trips was merely lack of investor confidence and unknowns of the direction of the company. As of 12Feb, 2011 filing, much more is now known and the new direction of the company re-established (and with a new twist now in this active connection to Stan Larson and TRDY). I would also expect that the ticker here will soon be raised back to PS CURRENT. Taking a serious look at this again as I believe this is still remains very thin once past trips and the pps can appreciate very quickly. And this time, with recent developments, indications are this can now see a true pennyland run imvho. glta
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Publish Date Report Title Period End Date Status Feb 12, 2011 Initial Company Information and Disclosure Statement - Annual Company information statement Sept 30, 2010 Active Sept 17, 2010 Attorney Letter with Respect to Current Information Jun 30, 2010 Active Sept 17, 2010 Initial Company Information and Disclosure Statement Jun 30, 2010 Active
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