PP I have also been told we are way under the Authorized amount of 1 billion shares.
And no the company will not give you the exact amount where it stands. I have always taken the total Authorized amound in calculating where the share price should be and the stock is EXTREAMLY undervalued.
The other subject I would like to address here is everyone that is trying to find listings on the Leases that PBLS has acquired. First of all we are dealing with government whether its local, state or federal. It takes time for all the appropriate documents to be filled out and filed let alone be listed on their web sites or on their registers. But they will all show up soon enough.
I was told the Wyoming Deal is done and should soon be showing up and the Nevada Deal is in the paper work stage and also should be showing up soon, which could mean a couple more weeks. I'm sure this will all come to light very soon. People nowadays like instant gratification whether in a pill, drink or for that matter information gathering. Sometimes it just does not happen that fast. Besides I have never ever known the government to be fast about anything and when pushed they even work slower.
Good things come to good people and bad things come very fast to bad people.
Cowboy
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