Phoenix Associates Land Syndicate Closes Acquisition of ProGas, Inc. and Clarifies Statements about Nevada Oil Lease 12/15/05
COVINGTON, La., Dec 15, 2005 (BUSINESS WIRE) -- Phoenix Associates Land Syndicate (Pink Sheets:PBLS) announced today it has closed on its acquisition of Covington, Louisiana based ProGas, Inc. The transaction, which was concluded on Wednesday, is expected to add significant production and distribution capacity to Phoenix's energy businesses on an ongoing basis. ProGas, which also has offices in Houston, Texas, has reported audited revenues in excess of $190,000,000 for the past fiscal year (y.e. 8/31/05).
Paul Alonzo, CEO of Phoenix stated, "We are very happy to have finalized this transaction. Along with the intrinsic value of ProGas' business operations, the Company is also fortunate to be gaining a talented, extremely knowledgeable and dedicated team in Oil & Gas operations that will undoubtedly enhance the Company's future position in those markets."
The Company issued a clarification of an inadvertent error contained in the Company's December 7th press release entitled, "Phoenix Associates Land Syndicate Acquires New Oil Lease in Nevada, Increasing Total Estimated Oil Reserves by Over 433%". In the Release, CEO Paul Alonzo was quoted as having stated that, "A producing well in close proximity to our new Nevada leasehold is currently producing in excess of 15,000 barrels of oil per day." The statement should have read, "Based on data collected from a third-party geologic study, a producing formation in close proximity to our new Nevada leasehold is believed to have current production capacity of approximately 15,000 barrels of oil per day."
About Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate, through its wholly-owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. Current company assets include oil leasehold and drilling operations, sand and gravel quarry and mining operations, a contract hauling trucking fleet, diversified construction operations and land-development leaseholds. The Company is experiencing significant organic growth in each of these business sectors and is aggressively acquiring synergistic businesses in order to rapidly build capacity.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Phoenix Associates Land Syndicate, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: Phoenix Associates Land Syndicate
Posted by matto on :
cool huh!!!!I told you a green day!!!
Posted by stnkng1 on :
this really isnt a pr that will pump up the pps is it
Posted by lilpennypincher on :
Are you kidding me stnkng1............
COVINGTON, La., Dec 15, 2005 (BUSINESS WIRE) -- Phoenix Associates Land Syndicate (Pink Sheets:PBLS) announced today it has closed on its acquisition of Covington, Louisiana based ProGas, Inc. The transaction, which was concluded on Wednesday, is expected to add significant production and distribution capacity to Phoenix's energy businesses on an ongoing basis. ProGas, which also has offices in Houston, Texas, has reported audited revenues in excess of $190,000,000 for the past fiscal year (y.e. 8/31/05).
Posted by matto on :
hahahahahahaha wow thats funny!
Posted by Jelly on :
Oh my, what do you mean? This thing is going to fly! Chugga chugga!!! Here we go!
Posted by pennnies on :
think we will see over .20 today?
Posted by matto on :
.12 to .15 my guess but who am i
Posted by stickfigurefred on :
ALL ABOARD!
Posted by Bearclaw on :
Good catch Lil...getting attention this morning revenues nice...trading pre-market
Posted by WarpedMind on :
I'm sorry... I don't mean to be negative...
but isn't this simply a correction of a prior PR? What's the big deal? (Sincere question... please don't blast me out of the water for asking. I'd really like to understand.)
Posted by Anna on :
Morning! Anybody got L2 for pinks? just wondering what the ticks are. Thanks
Anna
Posted by greenman on :
Woohoo. If we get a run, I wonder how long it will go and will it hold. Green day today.
Posted by Jelly on :
This is confirmation Warped. A finalization. They CLOSED the deal.
Posted by lilpennypincher on :
NO warpedmind. the last pr was about aquiring it NOW WE'VE CLOSED THE DEAL!!!!!!!!!
Posted by lilpennypincher on :
Ha-Ha Jelly, Beat me to it!
and Hello Bearclaw!
Posted by lilpennypincher on :
Phoenix Associate Land Syndicate, Inc. is a holding company with assets and/or interests in sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries. Its stock is traded publicly on the Pink Sheets Bulletin Board under the symbol: PBLS.
Current Operating Business Units are:
Mining Division Murphy Sand & Gravel D.B.I.
Construction Division Heaslip Construction Ann Arbor Pools Great Lakes Pool Plastering California Plumbing
Trucking Division Bayou State Trucking
Acquisitions/Business Development Rome Oil and Mid-South Resources, Inc. JTW Construction Burke Pool Construction Brazilian Land Sale Log Home Manufacturing
Oil and Gas Division
Brokerage Division
The Phoenix corporate core philosophy is to acquire companies that: Have unrealized profit potential and are willing and eager to work within the Phoenix "family" to improve their company's performance.
Are motivated and need business guidance and/or financial assistance in order to succeed.
Have owners that wish to divest of a company for retirement and/or other personal reasons.
To properly develop and consistently grow as a holding company, other companies such as those described will be added through continued acquisition. This effort will result in an increase in positive cash flow by tapping the sales potential inherent in the newly acquired companies and their assets. As PBLS moves its growth strategy forward, its gross revenue, earnings per share (EPS) and shareholder value will be driven markedly higher, increasing shareholder value.
Address: P.O. Box 1358 Covington, LA 70458-1358 USA
Transfer Agent: Atlas Stock Transfer Corp., Salt Lake City, UT 84107
Some DD by some great Posters on the board. WOW! Bond has been busy. BRAVO!
Done update
2005 Net revenues + Assets- $138,840,092.50 / 346,560,260 = .40PPS
2006 Net revenues + Assets- $245,446,360.00 / 346,560,260 = .71PPS
Few key points:
Even with the cash they lay out for recent purchases, it still equates to assets. You can see by the end of this year, book value will be .40PPS.
I will add the link for the DD page, overview page, and the spreadsheet I made to calculate and keep track of the numbers. It's not the fanciest out there, but it gets the job done. You are welcome to open it up & or save it, and play with the numbers. Tab 3 is the show stopper. I must admit I had no proof or reason to even remotely consider a $1.00+ PPS as many have stated. After today, I now have that proof. If anyone sees errors, I have also added my e-mail to all pages. Enjoy fellow Peeblers.
Member Rated: posted November 16, 2005 08:42 -------------------------------------------------------------------------------- These are some of my reasons that I feel that this stock has a huge upside way to go beyound the asset value, which of course is always the solid reason to invest. But there is also another side,which is the method of business and how it unfolds and the factors.
* up to 100 million share buyback just announced * pre existing government contracts that will be expanded upon as work continues after the Katrina hurricane * a fast expanding Oil division purchased with cash and restricted preferred shares (holding the float steady) * a construction division within minutes of thousands of destroyed homes * due diligence by acquired companies willing to take restricted/preferred shares as payment for their companies (tells you a lot about the prospects of PBLS) * fast tract plan to be listed on OTC or a larger board * strong cash flow from each division but especially now the cash cow oil division * a management experienced in acquisitions willing to negotiate without heavy dilutive effects ... usually cash and preferred/restricted shares
456 million outstanding shares, per October 2005 call with Mgmt. Float approx. 159 million
Current Market-cap based of $0.03 PPS = $13.7 million ----------------------------------------------------------
Current Book-value estimated by mgmt (Oct.6) = $45 million Year-end 2005 projected book-value by mgmt (Oct.6) = $60-70 million -----------------------------------------------------------
Projected earnings for 2006 of $10 million, per call with company (pre Katrina, pre oil deal) $10M/ 466M o/s = 2.15 cents per share of earnings Apply a typical 15X multiple for $0.32 share price [A growth multiple would be 25X or $0.54 share price] ---------------------------------------------------------
For 2006 earnings add in all the Katrina work, plus recent/new acquisitions Estimate that to be $25 million for 2006 and assume 100M more restricted shares $25M/566 o/s = 4.4 cents per share of forward looking 2006 earnings Apply a typical 15X multiple for $0.66 share price [A growth multiple would be 25X or $1.10 share price]
(this is just me making a somewhat educated guess) ------------------------------------------------------------
Murphy Sand & Gravel division (820 acres)-- Reserves estimated at $260 million (more recent company materials also show $300 million, like the Sept. 6, 2005 PR).
February 1997 gave us an estimate of “$260 million based on the lowest prices charged by each of the other mining operations in the area for like products” (source: June 14, 2005 news release)
That evaluation is from almost 9 years ago… based on “lowest prices charged”.
Estimate that the sand and gravel property re-evaluation comes in over $600 million (“at least double” Investor Relations, Mike Mulshine 14/9/2005). With 466 million shares out, that’s over $1.28 per share in sand/gravel reserves. ------------------------------------------------------------
-------------------------------------------------------------------------------- Look at this for a plan
PBLS's, Progas Will move Rome's Oil & Gas through USA Pipelines Nov 15, 2005 (BUSINESS WIRE)Binding Letter of Intent to Acquire ProGas, Inc. Completed Acquisition is Expected to Add $190 Million in Revenues. The deal, which is expected to close on or before November 30, 2005. http://www.pbls.biz/news.htm ProGas purchases and markets natural gas throughout the eastern United States on both interstate and intrastate pipelines. ProGas offers Long term or monthly supply crude oil is available on nearly all the interstate pipelines servicing the Eastern United States. http://www.progasinc.com/ Oct 27, 2005 (MARKET WIRE via COMTEX) Currently Rome Oil & Gas Co. has 18 wells that are producing between 5 BBL/Day to 50 BBL/day each, average 26 BBL/day per well, 18 x26 = 468 BBL/day. expected to increase as new wells come on line. Now Progas Can Move the Oil Through interstate and intrastate pipelines. http://www.pbls.biz/pr42.htm November 3, 2005 (MARKET WIRE via COMTEX) New Oil Lease in Wyoming for its Mid-South/Rome Oil & Gas Division The Company has plans to drill a minimum of nine production wells a possible maximum of 22 wells. http://www.pbls.biz/pr43.htm Production easily double with 40 wells averaging 26 barrels a day. over a 1000 BBL/day, Rome Oil is currently selling its oil at a PPB of $52-$57. $52,000 a day on just the Oil Business alone. $18,980,000 in Oil revenue, Progas $190,000,000 in Revenue. Murphy Sand & Gravel $4 to $8 million per year. http://www.pbls.biz/msg.htm also http://www.pbls.biz/pr38.htm Heaslip Const. revenues will exceed $2,000,000.00 for 2005. Ann Arbor Pools and Great Lakes Pool Plastering, should bring in approximately $2,288,000.00 in revenues For 2005. http://www.pbls.biz/pr38.htm Sep 26, 2005 Press release Bayou State Trucking Revenues for 2005 around $650,000 http://www.pbls.biz/bst.htm , http://www.pbls.biz/pr38.htm
-------------------------------------------------------------------------------- Draw your own conclusion where future oil and natural gas prices will be:
-Many top oil-producing nations have peaked in oil discoveries and production. -U.S. discoveries peaked around 1930 and production peaked around 1970. -U.S. production has decreased by 40% since. -U.S. production continues to decline despite technological innovation and capital investment. -Every year since 1981, the oil industry has pumped more oil than it has discovered. -World discoveries continue to decline despite technological innovation and capital investment. -The world’s 14 largest fields have an average age of more than 50 years. -20% of global production comes from the 14 largest fields. -70% of global production comes from fields more than 30 years old. -The world’s largest oil field, Saudi Arabia’s ghawar, was discovered in 1948. -Saudi discoveries peaked in 1948. -World discoveries peaked in the 1960s. -The energy cost of oil is the amount of energy required to produce the oil. -Energy cost includes energy used in exploration, drilling, pumping, transporting and refining. -The energetically recoverable oil is independent of market price – it is a physical constraint. -When energy cost exceeds energy yield, production is no longer worthwhile at any price. -Ultimately recoverable oil is constrained by net energy yield, not market price. -30-40% of oil is recovered from a typical field at current market prices. -An unknown percentage of world reserves can be recovered before energy yield turns negative. -The 1960s discovery peak established the downward trend of the global discovery curve. -Remaining reserves are estimated by extrapolating the discovery curve. -Oil production mirrors discovery plus a time lag. -‘Peak oil’ refers to production ceiling. -Peaking is different than running out. -Oil production is limited by the rate of flow, not how much is in the ground. -The production rate of flow peaks when approximately half of reserves are depleted. -Estimates of global oil production peak depend on unreliable reserve data. -Future demand also affects the production peak. -Absent perfect data, the question is not if but when global oil production will peak. -Global oil production is projected by some to peak this decade. -Peak production will only be observable some length of time after it occurs. -Current global demand is about 82 million barrels per day. -The International Energy Agency predicts demand of 120 million barrels per day by 2030. -The IEA prediction assumes a demand growth rate of 1.5% compounded. -The IEA prediction neglects the depletion rate of existing reserves. -The Association for the Study of Peak Oil estimates that depletion of existing reserves is 2.4%. -4% more oil must be produced each year to offset depletion plus demand growth. -3 million more barrels must be pumped daily by the end of 2005 to offset depletion plus growth. -22% or 22 million more barrels would be needed daily by 2010. -167% or 227 million more barrels would be needed daily by 2030 – clearly impossible. --The above numbers reflect a compounded 4% rate of increase. -Canada and Venezuela possess vast oilsand reserves. -Oilsand extraction is an energy intensive mining operation. -The amount of energetically recoverable oilsands is unknown. -The mining of oilsands cannot extract oil at the same rate as conventional pumping. -Oilsand production is presently 1 Mb per day and is projected to reach 2 Mb per day by 2010. -Increased oilsand mining cannot offset the depletion rates of conventional oil. -North American natural gas is near peak production and cannot offset declining oil production. -Natural gas imports are constrained by transport bottlenecks and cannot offset declining oil. -Hydrogen is an energy carrier that is largely produced from natural gas. -The U.S. has 100-200 years of coal reserves at current consumption rates. -Coal presently accounts for 23% of U.S. energy production for electricity. -Future coal will be required to replace electricity production from declining natural gas. -Coal can be converted to gas inefficiently – South Africa does this now. -Coal mining yield and conversion inefficiency cannot offset the depletion rates of oil. -Oil from shale is a mining operation that cannot offset depletion of conventional oil. -Solar and wind energy is dilute, intermittent, land-intensive, and can’t be stored on a large scale. -Biofuel production is constrained by competition with food crops for land. -It takes 10 years to build a nuclear plant. -10 years past peak, oil production will have decreased 36% at a 2.4% compounded decline rate. -Population growth and energy availability are highly correlated. -It took millions of years for human population to reach 1 billion by 1850. -It took 150 years for population to reach 6 billion by 2000. -At the current growth rate of 1.6%, population now increases by 1 billion every 10 years. -Modern agriculture is heavily subsidized by oil-based pesticides and gas-based fertilizers. -Modern agriculture is heavily mechanized and dependent on oil for pumping water. -Organic crop yields are several times smaller than petroleum-subsidized crop yields. -Post-Soviet cessation of oil supplies to North Korea resulted in severe and continuing famine. -By the time the problem is recognized, the next generation has been born.
By: sprtcrdlui1 24 Nov 2005, 09:10 PM EST Msg. 25895 of 25904 Jump to msg. # PBLS * .025, .17 EPS For 2005, .22 EPS for 2006 2005 Revenues Rome Oil & Gas Co., $1,368,000.00 in revenues for 2005 Murphy Sand & Gravel excess of $2,310,000.00 in revenues for 2005 Heaslip Construction excess of $2,000,000.00 in revenues for 2005 Ann Arbor Pools $2,288,000.00 in revenues for 2005 Bayou State Trucking around $650,000.00 in revenues for 2005 Progas Inc. . $190,000,000.00 in revenues for 2005 ------------------------------------------------------------------- $198,618,000.00 in revenues for 2005 ProGas, Inc. Completed Acquisition will Add $190 Million in Revenues for FY 2005 http://www.investorshub.com/boards/read_msg.asp?message_id=8613714
Last of 2005, gross revenues will exceeding $10,000,000.00 profit exceeding gross revenues where in 2004. $3,000,000.00 30% Profit http://www.pbls.biz/pr38.htm
$59,585,400.00 Profit 2005 / 346,560,260 shres = .17 EPS for 2005 PBLS trading 25 x Earnings is $4.25 PPS http://www.pbls.biz/pr38.htm
2006 revenues $224,388,000 Progas Inc. $190,000,000 Rome Oil and Mid South Oil $12,000,000 Murphy Sand and Gravel Est. $3,500,000 50% growth from 2005 Heaslip Construction Est $3,000,000 50% growth from 2005 Ann Arbor, Great Lakes Pool $3,388,000 50% growth from 2005 Bayou State Trucking $1,000,000 50% growth from 2005
Adding the long term assets: Murphy Sand and Gravel: In ground reserves $500,000,000.00 Gross Rome Oil Kentucky: 400,000 BBLS x $50.00 = $20,000,000.00 Gross http://www.pbls.biz/pr42.htm Rome Oil Wyoming:13,100,000 BBLS x $50.00 = $655,000,000.00 Gross http://www.pbls.biz/news.htm $1,235,750,000.00
Rate Member posted November 28, 2005 20:56 -------------------------------------------------------------------------------- more info here: http://users.adelphia.net/~newp/pbls/
I'm in BIG on this...
bond006 Member
Member Rated: posted November 30, 2005 11:58 -------------------------------------------------------------------------------- This is a good piece on oil and gas peeking long but worth the read if you are in pbls this could be a good read and then see why paul is taking us thier.
Small growth oil companies are the next big thing:
Rate Member posted December 01, 2005 21:38 -------------------------------------------------------------------------------- ...been at work the past two days, so I've missed out some. From I-hub
Posted by: stushy In reply to: None Date:12/1/2005 7:50:41 PM Post #5460 of 5464
Spoke with Mike today... He stated they are retiring some restricted shares owned by an employee who needs the money this year. This will be part of the 100 million retired and some will be out of the float.
Mike stated they are in the process of retiring the 100 million shares.
Also stated they have a genius for their aquisitions manager who's plan is to pick companies who's owners/management expect to retire out 5 years or more and offer them cash, restricted shares, preferred shares and guarentee minimum cash settlement at end of five years or much more depending on pps of stock.
Plan is minimum dilution, and creative financing with preferred and restricted shares.
We will all know what the O/S is beginning of Feburary. Also, SEC is pushing them to move off of pinkies with this type of revenue so expect a faster move to different exchange. Also talk of AMEX immediately. Also expect more major aquisitions soon. Also 1 billion revenue in three years is target.
Also, believes MM's are still short at this time after .12 cent run up.
GO PBLS
GREAT JOB!
Posted by bkilb1 on :
Can anyone display current premkt bid/ask
Posted by Bearclaw on :
Hey Lil... Looking here and SRGX and HMSG all three with pretty good news decisions...decisions...decisions...
Posted by pennnies on :
this baby should be smoking the rest of this weekend and monday!
Posted by matto on :
ohhh these few min kill me!
Posted by Jmoove on :
.021x.0215
surpised the ask hasnt moved
Posted by pennnies on :
quote:Originally posted by Jmoove: .021x.0215
surpised the ask hasnt moved
lol fine with me... I need to get in!
Posted by Jelly on :
me too matto, me too...
Posted by pennnies on :
heavy buys. I am trying to get in and it isn't buying.
Suck a nut!!!
GIVE ME SHARES!!
Posted by NYstockLouver on :
Yea Baby !!! Lil with the great news, GLTA Let this baby fly, Fly high into the sky and don't come back LOL...... Time to make some money.
Thanks LIL for the great work once again. Matt NYC
Posted by bkilb1 on :
I can't get in. Is the ask still .0215?
Posted by smoky on :
Finally Got in!!!
Posted by Jmoove on :
yup, ask is still there, 1 mill in straight buys in 4 mins
Posted by pennnies on :
I am buying at .022 and it won't let me in!!!!
must be heavy buys slowing the MM's down.
Posted by bkilb1 on :
YES!!! I'm In!!!
Posted by lilpennypincher on :
SCHB has a $hit load I guess. MOVE SCHB!
Posted by stickfigurefred on :
Acting very weird isnt it.
Posted by crockett on :
2 x .021 1 x .0215 vol 1 mil
Posted by bkilb1 on :
What site is offering L2's on Pinks? Free or not
Posted by Jmoove on :
.0217 schb on the ask
Posted by pennnies on :
finally!!!!!!!!!
okay now it can run.
Posted by kywee on :
im in also. lets see what she can do
Posted by WarpedMind on :
Thanks for explaining that to me... I hope the public recognizes that too. :-)
Posted by crockett on :
quote:Originally posted by bkilb1: What site is offering L2's on Pinks? Free or not
what the hell....move dog...run....!!!!
Posted by shomethamoney on :
I'm in GO GO PBLS Bring me a Merry XMAS!!!
Posted by kywee on :
someone smashed the bid at .0215
Posted by crockett on :
got in a .0215 took about 10 mins to fill
Posted by smoky on :
wallst . net offers free delayed but paid real time
Posted by stickfigurefred on :
GREEN!
Posted by lilpennypincher on :
alpha trade. com
fill in the gaps crockett
Posted by shomethamoney on :
Here we go starting to get some buys!!!
Posted by smoky on :
Oops sorry, wallst . net does not offer l2 on this but does show trade history.
Posted by kywee on :
buys coming back. some were scared of those sells, but here they come.
Posted by will on :
WTF ! Do you need "we bought WalMart" type news to move this? This should have gapped up at leat 50%. We got robbed, they have to loosen it up soon.
Posted by Jmoove on :
lots of volume at the ask, almost at 10 day vol avg in 15 min, she'll pop
Posted by lilpennypincher on :
Increasing Total Estimated Oil Reserves by Over 433%
LOL! I love it
Posted by smoky on :
Was that a gigantic buy that just went through???
Posted by stickfigurefred on :
Yep pressure is a building.
Posted by lilpennypincher on :
lol will, Insane isn't it?
It's gonna' Move......Just wait!
Like I said. KaBOOOOM!
Posted by clintonj on :
4 mil shrs at this price is equivalent to 40 mil shrs at .00217 and still no price mvmnt?
Posted by lilpennypincher on :
Someone go shoot SCHB please!!!!!!
Posted by shomethamoney on :
Lil I love following you - Thanks for all your help!!!
Posted by pennnies on :
we should be sitting at a buck at least with all the funds this baby is making!!!!!
When was the last time any of you made 190 million in a year?? lol
Posted by Bearclaw on :
OK SCHB you can take a break...
Posted by FatherOfTwo on :
Looks like the train waited at the station to let a few stragglers jump on....
but it is looking like she is starting to move on out now!
ALL ABOARD!
Posted by kywee on :
this has go to go soon. tons of buys at the ask
Posted by Jelly on :
pass the gun Lil, I'll do it
Posted by pennnies on :
quote:Originally posted by FatherOfTwo: Looks like the train waited at the station to let a few stragglers jump on....
but it is looking like she is starting to move on out now!
ALL ABOARD!
FOT is in this. thats it I am buying 50 million shares.. lol
Posted by shomethamoney on :
Yeah and it's great that we got in early - Now just sit back and wait for Santeee Clause to head down the chimney with the gifts LOL!!!!
Posted by HossTrader on :
It's not letting me in. Everything seems frozen
Posted by lilpennypincher on :
What Hoss? Can't get filled?
Posted by kywee on :
are the trades at .0215 sells or buys?
Posted by Jmoove on :
put in an order at 9:39 for 10k at .023 still no fill, (then again i have eturd sooo) gonna cancel it, time to go do some work lol
Posted by crockett on :
quote:Originally posted by HossTrader: It's not letting me in. Everything seems frozen
took me about 10 mins to get in at the ask price
Posted by stickfigurefred on :
Looks like mostly buys to me.
Posted by lilpennypincher on :
Who knows kywee.....perhaps buying on the spread
Posted by lilpennypincher on :
Ok crocket.......Just a back up with MM's filling orders
Posted by clintonj on :
somebody kick the machine its on the fritz again!..Pebbles or Gold? giddy up girl...mooooooove already!
Posted by sharkone on :
When is the kabooom going to happen?
Posted by lilpennypincher on :
We're all sitting on the edge of our seats I'm sure sharkone......
Posted by doubleS on :
with news like this it should get close the 52 week high i would think
Posted by lilpennypincher on :
Just have to shoot Freaking SCHB first!
Posted by sharkone on :
I bought into this right after hurricane Katrina and I was down about 75%, but got in this morning at 0.0215, and my average price is now 0.03...so I need a little kaboom to make up for my post-Katrina hype mistake!!!
Sharkone
Posted by pennnies on :
man I got all year for this baby to move. We should see a strong uptrend for the rest of the year. This company is WAY under valued..
Posted by FlipMe on :
I think we'll see a pop shark, I'm surprised we haven't already on this news.
Posted by sharkone on :
Encouraging words "pennies"...
Sharkone
Posted by kywee on :
bid u/t. imo this will climb throughout the day
Posted by bkilb1 on :
Someone doesn't want this thing to move.
Posted by clintonj on :
unfullfilled anticipation...makes me glad i have a real job. lol
Posted by stickfigurefred on :
Amen brother, i'd pull my hair out if this is all I did day to day.
Posted by HossTrader on :
If SCHB doesn't move soon I'm gonna smack em.
Posted by clintonj on :
quote:Originally posted by stickfigurefred: Amen brother, i'd pull my hair out if this is all I did day to day.
Yes, another 1/2 hr of this, then it's off to work...of course i'll be logged on... and lurking about
Posted by sharkone on :
HossTrader,
I'm lost...what is this SCHB you keep mentioning...
Posted by clintonj on :
bid uting woohoo...
Posted by kywee on :
we survived the .0215 dump on the bid and ask at .0219...slow but good
Posted by clintonj on :
ask uting double woohoo..
Posted by pennnies on :
okay! bid support coming!! lets see some action!! lol
Posted by bkilb1 on :
Any thoughts on this Lil?
Posted by buckstalker on :
What's wrong with this picture... over 9 mil traded...mostly buys...pps goes nowhere...hmmm
Posted by HossTrader on :
quote:Originally posted by sharkone: HossTrader,
I'm lost...what is this SCHB you keep mentioning...
a Market Maker (MM) the guys that act as intermediaries buying and selling
Posted by pennnies on :
relax guys! This company isn't a scam or joke.
It will go.
Good things come to those who wait!
Posted by clintonj on :
up a whopping 1.86% on the day...not negative enough for ya??? holding large here like most of you.
Posted by special ed on :
quote:Originally posted by buckstalker: What's wrong with this picture... over 9 mil traded...mostly buys...pps goes nowhere...hmmm
That's what I was thinking.....
Posted by FatherOfTwo on :
NICE... finally got an uptick!
Posted by lilpennypincher on :
quote:Originally posted by HossTrader:
quote:Originally posted by sharkone: HossTrader,
I'm lost...what is this SCHB you keep mentioning...
a Market Maker (MM) the guys that act as intermediaries buying and selling
Ok here's my thought! You may not like it but, I have a call in with Mike to find out how the closing was paid for.!
It's all I can think of and it's pissing me off that SCHB is still sitting there.
I'll let you know what I find out when he calls me back.
That's all I can make of this.
I'm not selling one freaking share. Once SCHB gets gone. It will be trading much higher!
Trust me this is Pi$$ing me off just as much as all of you. I have a MOUNTAIN of shares at .023!
Posted by lilpennypincher on :
sorry my quote was meant for buckstalker
Posted by sharkone on :
What is the O/S and float on this company?
Shark
Posted by HossTrader on :
quote:Originally posted by lilpennypincher: sorry my quote was meant for buckstalker
LOL I can take it!
Posted by FatherOfTwo on :
Here is a thought....
7 million shares * .0217 = $150K...
That is about what one would pay for 7000 acres of land leases....???????
I think it moves up from here!
Posted by lilpennypincher on :
quote:Originally posted by sharkone: What is the O/S and float on this company?
Shark
Please read the first page......
Posted by lilpennypincher on :
that's what I'm thinking FOT!
Posted by buckstalker on :
I am not in this one Lil and I am certainly not bashing here... I have been seeing this same exact chit going on all over the otcbb and it is really starting to piss me off. GLTA of you that are in this, but I won't buy into anymore otcbb's until the SEC starts doing something about it!!
quote:Originally posted by lilpennypincher: sorry my quote was meant for buckstalker
Posted by sharkone on :
How does one reply to one specific person on the thread? Still learning the ropes...
Posted by HossTrader on :
This chart is golden. Also notice the Volume it took for the other runs. This just needs more volume. Either way we are headed up so stop all the crying!
Posted by bkilb1 on :
All I know is that I sold a lot of GZFX at a very low price to get in on this and now I'm watching GZFX climb again. This is really pissing me off!!
Posted by clintonj on :
time to hit the road...someone whack SCHB around abit for us...see you in an hour or so...out!
Posted by lilpennypincher on :
.
Posted by lilpennypincher on :
quote:Originally posted by sharkone: How does one reply to one specific person on the thread? Still learning the ropes...
Hit the little envelope on the post of the person you want to private message
Posted by FatherOfTwo on :
quote:Originally posted by bkilb1: All I know is that I sold a lot of GZFX at a very low price to get in on this and now I'm watching GZFX climb again. This is really pissing me off!!
GZFX has gone from 150+ down to 121, and it is holding there with a Confirmed Sell at american bulls........
you made the right choice... just be patient!
Posted by bond006 on :
Looks like we will go from this point all we need is the word out and a couple of good pr,s and volume that starts to get in the 20 million plus a day and its off to higher ground.glta
Posted by Bearclaw on :
We're already 1 1/2 times the avg. 10 day volume. The interest is here. This was a good find Lil... Relax..this company is making money and it's getting noticed...SCHB should back off soon.. Hey FOT ...
Posted by bkilb1 on :
quote:Originally posted by FatherOfTwo:
quote:Originally posted by bkilb1: All I know is that I sold a lot of GZFX at a very low price to get in on this and now I'm watching GZFX climb again. This is really pissing me off!!
GZFX has gone from 150+ down to 121, and it is holding there with a Confirmed Sell at american bulls........
you made the right choice... just be patient!
I appreciate the comforting thought. Thanks FOT
Posted by buckstalker on :
Why not dump the 7 mil shares on the way up? Makes no sense...
quote:Originally posted by FatherOfTwo: Here is a thought....
7 million shares * .0217 = $150K...
That is about what one would pay for 7000 acres of land leases....???????
I think it moves up from here!
Posted by Jelly on :
Daddy is a good comfort! LOL
We'll move.
Posted by bowlegtroy on :
I just filled for another 41k *.0219! Woo hoo! Ready to move!
Posted by HossTrader on :
LOL How do 3 buys go through above the ask? Think some MMs want it to run?
Posted by pennnies on :
Oh it wants to run bad!!!
Once we start moving the day traders will jump in.
Posted by bond006 on :
The bid is stacking up. There are buyers there. I don't think they are going to come up until SCHB moves more though.
Posted by lilpennypincher on :
quote:Originally posted by Bearclaw: We're already 1 1/2 times the avg. 10 day volume. The interest is here. This was a good find Lil... Relax..this company is making money and it's getting noticed...SCHB should back off soon.. Hey FOT ...
Thanks Bear, Just feeling kinda' like the Mommy trying to comfort her kids...... I have nothing but Great feelings about PBLS and Just uptight!
Posted by sharkone on :
Go rally monkey...go....
Posted by lilpennypincher on :
THanks bond...........needed that monkey now!
Posted by bkilb1 on :
I feel better now. GZFX just dropped below the price I sold at to get into this one. Is SCHB still lingering?
Posted by bond006 on :
Think about this a NV. oil play and your own advisory team and reseller. What a plan Posted by lilpennypincher on :
Hey SCHB!!!!!!!!!!!!
Posted by bkilb1 on :
quote:Originally posted by lilpennypincher: Hey SCHB!!!!!!!!!!!!
LMFAO!!!!!!!
Posted by Bearclaw on :
Funny sheet Lil hahahahahaha
Posted by will on :
Well, I'd tell you what I think, but y'all would call me a heretic, infidel, and a basher. You have a deal closed, and an MM sitting on the ask pounding it like a $2 hooker on a Saturday night. See how long it last. If he's there for a week trading 10's of millions a day, don't try to convince me it's a company buy back.
Posted by Bearclaw on :
No Will...Won't call you anything except to say you may be jumping the gun...only been trading an hour and 45 mins...A little early to project out that far...hey? Been 30 years since $2.00 hookers anyway...
Posted by lilpennypincher on :
already posted my thoughts here will.
Ok here's my thought! You may not like it but, I have a call in with Mike to find out how the closing was paid for.!
It's all I can think of and it's pissing me off that SCHB is still sitting there.
I'll let you know what I find out when he calls me back.
That's all I can make of this.
I'm not selling one freaking share. Once SCHB gets gone. It will be trading much higher!
Trust me this is Pi$$ing me off just as much as all of you. I have a MOUNTAIN of shares at .023!
That' seems like a LOGICAL answer! And not jumping to any fruit cake excuse!
Posted by lilpennypincher on :
LOL Bear............
Posted by Jelly on :
Bears right. Hookers are like a hundred bucks.
Posted by lilpennypincher on :
and will.....you're always a burst of f'ing sunshine. Thanks for your opinion.
Posted by lilpennypincher on :
quote:Originally posted by Jelly: Bears right. Hookers are like a hundred bucks.
LMFAO!
Posted by Bearclaw on :
Geeezzzzz not even finished my coffee and panic sets in...damn... Your a good gal Lil...can't be everyone's moma... Maybe the school nurse to hand out the Ridlin...
quote:Originally posted by lilpennypincher: LOL Bear............
Posted by will on :
I saw it lil'....When I didn't see a gap up this morning I was a little concerned. You add $200M of revenues and no PPS pop, WTF? Then you see an MM sitting on the ask. Makes you wonder. I maybe premature in my speculation, but time will tell.
Posted by Bearclaw on :
I hate those Premature Especulations,...
Posted by HossTrader on :
Not a lot of buying pressure right now after the early morning rush. No one seems to want to go up or down at all.
Posted by HossTrader on :
It makes me feel better though. If SCHB were truly dumping shares, he would have dropped to the 4 MMs on the bid at 0215 by now.
Posted by FatherOfTwo on :
quote:Originally posted by Bearclaw: I hate those Premature Especulations,...
Now that was funny....
reminds of the old Carly Simon song.....
"Anticipation..... An-tic-i-pa-ation!"
How many people do you think will have that song stuck in their heads now! HA HA HAAAA
Posted by lilpennypincher on :
quote:Originally posted by Bearclaw: I hate those Premature Especulations,...
I am officially falling off my chair. What else can you do?
Posted by bkilb1 on :
A lot of people must not reading the news today. The volume on this should be going through the roof with news like todays. You would think?
Posted by Jelly on :
Oh Bear. That was classic AND priceless! DYING over here!
Posted by lilpennypincher on :
quote:Originally posted by bkilb1: A lot of people must not reading the news today. The volume on this should be going through the roof with news like todays. You would think?
uh huh!
still dying over bear's premature Especulations.....
Posted by HossTrader on :
Not only did the gun go off early, but everyone seems to have fallen asleep right afterwards!
Posted by bond006 on :
This will pan out just knowing that Progas went down for sure is a big relief. That was a necessary move to really be something in the oil and gas business weather it moves the pps like a mountian today or not is not a big concern it is the near future that we are looking at hear just hang on because I feel a lot more is coming out of the goodie bag.And we will see how this purchase fits into the plan and will make this pps soar. imho Posted by stickfigurefred on :
Dang, a hundred bucks, where you guys finding these?
Posted by FatherOfTwo on :
Another thing that caught my eye with the PR...
it said:
"...ProGas, which also has offices in Houston, Texas, has reported audited revenues in excess of $190,000,000 for the past fiscal year ..."
With the SEC pushing PBLS to become reporting and move to the OTCBB, having Progas already be audited, will be a huge benefit!
Posted by bkilb1 on :
What's happening with the Bid/Ask?
Posted by bkilb1 on :
400 Buy and Sell order?????
Posted by smoky on :
400 = mm needs shares and trade it sideways??
Posted by lilpennypincher on :
quote:Originally posted by stickfigurefred: Dang, a hundred bucks, where you guys finding these?
What?
sorry.......I'm lost here.
Posted by pennnies on :
quote:Originally posted by FatherOfTwo: Another thing that caught my eye with the PR...
it said:
"...ProGas, which also has offices in Houston, Texas, has reported audited revenues in excess of $190,000,000 for the past fiscal year ..."
With the SEC pushing PBLS to become reporting and move to the OTCBB, having Progas already be audited, will be a huge benefit!
I was going to day trade this one, but I am holding into the coming year. No other plays look as promising as this one.
I am out for the day!~
GLTA
Posted by bkilb1 on :
Looks like the news is killing this stock rather than helping it? WTF?
Posted by bkilb1 on :
Sorry for the negativity everyonea. I just hate selling other positions at a loss to buy into other news and hype just to watch it drop too. Guess it's just part of penny land. GLTA Off to work to help this be a green day.LOL
Posted by lilpennypincher on :
quote:Originally posted by bkilb1: Sorry for the negativity everyonea. I just hate selling other positions at a loss to buy into other news and hype just to watch it drop too. Guess it's just part of penny land. GLTA Off to work to help this be a green day.LOL
No HYPE here bkilb1. Please read the F'ing DD.
Stupidity pi$$es me off!
Posted by Jmoove on :
I was gonna flip the 35k I bought yesterday on the news today, doesn't look like that's gonna happen, but the beauty of PBLS is ALL DD points to the sky, don't mind holdin this one
Posted by Jelly on :
That's on you not us. Do your DD, don't just jump on a bandwagon. You hit the BUY button and you will be happy you did once SCHB moves on.
Posted by bkilb1 on :
quote:Originally posted by lilpennypincher:
quote:Originally posted by bkilb1: Sorry for the negativity everyonea. I just hate selling other positions at a loss to buy into other news and hype just to watch it drop too. Guess it's just part of penny land. GLTA Off to work to help this be a green day.LOL
No HYPE here bkilb1. Please read the F'ing DD.
Stupidity pi$$es me off!
Thank you for the acceptance of my appology with such kind words. Lil. I guess that's what I get for trying to apollogize for being frustrated. Have a nice day.
Posted by lilpennypincher on :
quote:Originally posted by Jmoove: I was gonna flip the 35k I bought yesterday on the news today, doesn't look like that's gonna happen, but the beauty of PBLS is ALL DD points to the sky, don't mind holdin this one
((((HUGS))) Jmoove
Posted by shomethamoney on :
Lil,
I have been reading the links you have put out and it has helped a whole lot. I look at the charts and it looks like we just need the push, but from previous posts do think we could see the .30 to .40 next year? Or do you think that they would do something different with the shares? Again thanks for the help all the way from Phoenix AZ!!!
PS - At least we have the 70 degrees, blue skies and palm trees today - That is always a helpful outlook LOL!!!
Posted by lilpennypincher on :
quote:Originally posted by bkilb1:
quote:Originally posted by lilpennypincher:
quote:Originally posted by bkilb1: Sorry for the negativity everyonea. I just hate selling other positions at a loss to buy into other news and hype just to watch it drop too. Guess it's just part of penny land. GLTA Off to work to help this be a green day.LOL
No HYPE here bkilb1. Please read the F'ing DD.
Stupidity pi$$es me off!
Thank you for the acceptance of my appology with such kind words. Lil. I guess that's what I get for trying to apollogize for being frustrated. Have a nice day.
I just don't like the word HYPE......The people in this stock have been pounding for DD for everyone and just maybe took the word HYPE the wrong way.
Sorry, just pissy with waiting for answers.
Have a good day and I'm sorry for being the Bit%h I am today!
Posted by will on :
lil', you need to be a ray of sunshine like I am all the time. LOL
Posted by lilpennypincher on :
quote:Originally posted by shomethamoney: Lil,
I have been reading the links you have put out and it has helped a whole lot. I look at the charts and it looks like we just need the push, but from previous posts do think we could see the .30 to .40 next year? Or do you think that they would do something different with the shares? Again thanks for the help all the way from Phoenix AZ!!!
PS - At least we have the 70 degrees, blue skies and palm trees today - That is always a helpful outlook LOL!!!
I "THINK" it will be trading in the .25 cent range in by early 2006 with all that is on the table. JMO!
Now, I promise I'll pick up my Crystal ball from the shop soon. LOL
Good luck all!
Posted by bkilb1 on :
I understand and thanks for the reply, Lil. I do feel strongly about this stock and I have done my DD. Just very frustrated this morning.
Posted by lilpennypincher on :
quote:Originally posted by will: lil', you need to be a ray of sunshine like I am all the time. LOL
LOL, I'm trying will.
Posted by shomethamoney on :
HAHAHAHA right on LIL!!! GO PBLS!!!!
Posted by lilpennypincher on :
OH and shomethamoney........
Thanks for the sunny out look from Phoenix getting an ICE STORM HERE this evening. That just makes me feel a whole bunch better!
LOL
Posted by lilpennypincher on :
I have to take my little one to gymnastics. I am hanging LONG and strong! See ya' later guys.
Posted by Phoenixx on :
2 cents..
Posted by ThehourofTaber on :
I picked up another 50,000 shares today. I'm not worried about the PPS. Everything will pan out for this company. I expect to see at least .05 by January. And when they start reporting look out!
Posted by shomethamoney on :
Right on LiL - When we hit the big money i'll bottle up the sunshine and overnight it to you!!!
Posted by stickfigurefred on :
Anybody making any sense of this today?
Posted by WarpedMind on :
Sorry. It's my fault... I invested in this stock.
You see, any stock that I touch ends up in the red. It's some magical power that I have.
Posted by Jmoove on :
this baby is goin dooowwwnnn, any idea why?
Posted by stickfigurefred on :
Geez whats up with the sell off?
Posted by prefect on :
this stock isn't going anywhere...
no matter how much lil pumps it... Posted by Jmoove on :
thinkin about cutting my losses on this one
Posted by Jelly on :
I don't blame you guys for selling. I've been holding for a month and plan to continue. This will explode, but if you don't have the funds available to sit. Then I'd do the same.
This bites the big one.
Posted by Phoenixx on :
Anyone have L2 on it?
Posted by Jmoove on :
HUGE support at .016, shes comin back a little bit
Posted by Jelly on :
nite on .0195 and 2 on the ask .02
Posted by clintonj on :
Actually i expect a gradual climbing up from here over the next 3-4 days...something like FCDH is doing now...slow but upwards trend imo. would love however a break out but that would have occured this morning if it was going to happen.
Posted by lilpennypincher on :
Just got home and Yes, I have Ideas on what happened. I posted them on it on the previous page. I'm still waiting on a call back from Mike and will post what I hear from him.
Posted by Jmoove on :
Im starting to think your idea was correct Lil, unbelievable, oh well
Posted by stickfigurefred on :
What idea was that and what page, i musta missed something.
Posted by Jmoove on :
they had to have sold shares into the run today to pay for the aquisition, almost 7 mill went through AT THE ASK in the first 30 min, that was the idea
Posted by OILDOG on :
My concern too,dumping shares into the run, did'nt expect it, added to mm games(crapioca pudding). By the way lil, has anyone asked if Progas is now a wholly owned subsidiary or a percentage buy in? Surprised to see low of .016, bought some more yesterday,wish I had waited for the .016,heh, had surgery this morning on my face(just HAD to get my dasing good looks reduced(you DO believe me....dont you? jk) I have been somewhat concerned with all the acquisitions they have been doing recently, even these guys could kind of overload their azz's, takes a while for revs the start flowing, i'm sure. I'm adding when I can, and I think the real reward will be 1st q, next year.I prefer the quick in/out too, but doesnt always work that way. No need to get too testy folks. Endeavor to perservere.Patience. (My testy 2 cents worth, do we need a new thread every couple of days?)
Posted by matto on :
lil i come home and nothing went up? Is it a full moon?
Posted by FatherOfTwo on :
What a disappointing day for PBLS.
It has not however, dampened my outlook for this company. There are way too many positives here that can't be ignored. I am prepared to hold this one longer as, they now have audited revenues coming in... $190 million in revenue is hard to overlook.
Add to that the land leases in NV with huge potential, and you have yourself a hidden little gem!
I can't explain what happened today, other than what looked like SCHB shorting the stock early, in anticipation of dropping it and covering lower, or someone with stock from one of these transactions selling on the run... which I am not too confident about as the buying pressure this morning still should have caused it to run up!
Posted by doubleS on :
up or down on friday ?
Posted by doubleS on :
should start running unless more big sales go thru like the 7 million
Posted by bond006 on :
I think we will be ok the stock will trade higher because the value is there. If the company is being honest with us it should work out.
Posted by lilpennypincher on :
quote:Originally posted by prefect: this stock isn't going anywhere...
no matter how much lil pumps it...
How'd I miss this one.
I really appreciate it prefect.
I have broken my A$$(along with others) on this stock for me and everyone here...Made phone calls, researched and held for a MONTH! I am shocked as ANYONE at the PPS today.
My so called pumping is nothing but what everyone else was thinking. That it would ROCKET, and it should have......
If not for the SCHB BS this morning the PPS would be at least double what it is.....
I'm not sure as to what went on but......It seems to me, selling to cover the closing perhaps. WHO WOULD HAVE THOUGHT? YOU?
Now, I'm hoping that the selling is complete (if that is what it was) and the PPS now has a time to recover. I have read all of the info on this company and have no reason to believe that it will not be DOWN HERE long. PBLS has a great future and look forward to making money in it. I'm still waiting on a call back from Mike, when I hear anything, I'll post it for all. Perhaps you should try doing the same.
Be a real man....step up to the plate and bring some good DD to the table. Then let me slap you in the face when all your hard work and hopes for a good run for everyone BACKFIRES on you.
Now back off you Pi$$ ant!
Oilman, Did your face get any purdy'er?
[ December 15, 2005, 23:12: Message edited by: lilpennypincher ]
Posted by FatherOfTwo on :
quote:Originally posted by lilpennypincher:
quote:Originally posted by prefect: this stock isn't going anywhere...
no matter how much lil pumps it...
How'd I miss this one.
I really appreciate it prefect.
I have broken my A$$(along with others) on this stock for me and everyone here...Made phone calls, researched and held for a MONTH! I am shocked as ANYONE at the PPS today.
My so called pumping is nothing but what everyone else was thinking. That it would ROCKET, and it should have......
If not for the SCHB BS this morning the PPS would be at least double what it is.....
I'm not sure as to what went on but......It seems to me, selling to cover the closing perhaps. WHO WOULD HAVE THOUGHT? YOU?
Now, I'm hoping that the selling is complete (if that is what it was) and the PPS now has a time to recover. I have read all of the info on this company and have no reason to believe that it will not be DOWN HERE long. PBLS has a great future and look forward to making money in it. I'm still waiting on a call back from Mike, when I hear anything, I'll post it for all. Perhaps you should try doing the same.
Be a real man....step up to the plate and bring some good DD to the table. Then let me slap you in the face when all your hard work and hopes for a good run for everyone BACKFIRES on you.
Now back off you Pi$$ ant!
Oilman, Did your face get any purdy'er?
I agree Lil.... we didn't see prefect bringing any DD to inform everyone here that shorting or a big sell order would prevent this from going up on today's news!
I suppose some people just don't realize how much time it takes to do some of the DD for these stocks... I know I spent at least 4 - 5 hours just researching the oil reserve capacities in NV. The information is NOT readily available as NV is not known as one of the big oil producing states.
Keep up the good work... I made a nice coin on CPNL that you called!
Posted by BuyTex on :
NV just may become known...
[edit] sorrrry.... for oil, ie
Posted by macdrsirules on :
On the technical side of PBLS, RSI is oversold and ready for a rebound tomorrow. Todays candle showed selling pressure subsided from intraday low and actually rebounded. My guess is .024 for FRIDAY.
quote:Originally posted by lilpennypincher: How'd I miss this one.
I really appreciate it prefect.
I have broken my A$$(along with others) on this stock for me and everyone here...Made phone calls, researched and held for a MONTH! I am shocked as ANYONE at the PPS today.
My so called pumping is nothing but what everyone else was thinking. That it would ROCKET, and it should have......
If not for the SCHB BS this morning the PPS would be at least double what it is.....
I'm not sure as to what went on but......It seems to me, selling to cover the closing perhaps. WHO WOULD HAVE THOUGHT? YOU?
Now, I'm hoping that the selling is complete (if that is what it was) and the PPS now has a time to recover. I have read all of the info on this company and have no reason to believe that it will not be DOWN HERE long. PBLS has a great future and look forward to making money in it. I'm still waiting on a call back from Mike, when I hear anything, I'll post it for all. Perhaps you should try doing the same.
Be a real man....step up to the plate and bring some good DD to the table. Then let me slap you in the face when all your hard work and hopes for a good run for everyone BACKFIRES on you.
Now back off you Pi$$ ant!
Oilman, Did your face get any purdy'er?
Give me a break...
I have been hanging around these boards for a while now and it's obvious to me and several others whay you "do" here.
Sure it's great to get excited about a stock but seriously...
Go ahead call me names and fly on your usual tirade when someone calls you out for what you are...I really don't care what you think of me.
Here is my DD...perhaps you will recognize it..
DON'T HOLD ANY OF THESE PENNYS! Make money and sell....
1) Don't let people convince you that a penny is a long hold. You will get burnt. Buy low, sell high, and never look back.
Longs in a penny stock want you in so they give you the pretty picture. They hope they can get enough new investors to make their stock move and it won't until the stock is ready. Learn to follow trends and how to find the bottom plays. Usually if a stock has more then a couple pages then the stocks has already done something and hope is what keeps the thread going of it moving again.
I could go on and on but I think you have seen this before so I won't waste your time.
Anyway...
I am not going to argue or fight because it isn't worth it. I understand what you are doing and I only hope that the new members do too before they get burned.
Posted by lilpennypincher on :
Give me a break?
F'off........I never told any one to hold long. I for one said I would sell on the news.....AT LEAST HALF. Notice My Sig?
Go crawl back under your rock.
Posted by stickfigurefred on :
Yea, there's a whole box of shhh with your name on it.
Posted by Jelly on :
prefect, I just went through alot of your posts, to see if you have any right to post what you have here. Funny thing, I'm having a hard a$s time finding anything that you've posted that isn't whining about losing money. Looks to me that you are a big time follower and are getting burned. I have yet to see any DD done or posted from you.
Maybe we all should name ourselves prefect post nothing and the world would be a better place.
Posted by pennnies on :
Upticking fools!!!!!!!!!!!!!!!!
Posted by OILDOG on :
Oilman, Did your face get any purdy'er? (lil) Lil, I hate to admit it, will sound like bragging, but I have so much excess 'purdy' that carving a little off did'nt make much of dent! heh heh. Anyway, PBLS WILL have its day, soon I think. May still be some crapgames to be played out but.....soon imo.
Posted by lilpennypincher on :
lol, Oil! good luck
Posted by doubleS on :
outstanding news yesterday and pps continues to fall, really confused
Posted by OILDOG on :
Thanks, everything worked out fine. Boy, this looks like ANOTHER good day to pick up shares. Gonna get some more!
Posted by pennnies on :
Looking to pick up another mil today.
Posted by Clyde_Crashcup on :
looks like it might be the bottom on intraday charting.
Posted by lilpennypincher on :
I just got more at .017!
Posted by pennnies on :
starting to get some interest. Could start to move up.
Posted by crockett on :
Hope it goes green for you. I just sold out and cut my losses at .017.
Makes no sense to me why this didn't run yesterday, the news was great. I'm just in for the quickies so I can't hold and wait for it to turn around.
good luck for those that can hold longer.
Posted by pennnies on :
man looks like they are ready to run this today!!!!
Posted by WarpedMind on :
Kaboooom?
This is more like a silent fart. Posted by pennnies on :
Starting to uptick on one buy!!!
Go baby Go!
Posted by pennnies on :
lol this is great!!!!!!!!!
Posted by clintonj on :
looks to be bouncing back...may end green today Posted by pennnies on :
if they would bring the bid up we would be smokin' right now!
Posted by bond006 on :
What a great time to buy the fundamentals are better now than they ever were for this co. I wish I was not in a 100% now or I would be buying like a madman. There was and still is some folks that really are into this stock and they have been saying that this has been over due and this needs to happen before we head up. glta see you later.
Posted by pennnies on :
I feel a afternoon PR coming..
Posted by pennnies on :
go baby go!!!!
Posted by bond006 on :
perfect, I was out most of the day yesturday and I have just caught up on reading posts. We have delivered dd on this stock not a bunch of hype the fundamentals for pbls are better now than ever, I will stand by that. I think you have a lot of nerve pointing a finger at anybody Lilpenny runs a clean thread and checks out the dd that a person posts. If you do anymore finger pointing I for one am going to recommend that you get put on iggy. Now why to you try to help us all in this tempory pps problem and do something constructive. It would also be nice if you would say that you are sorry to certian people hear. lol
Posted by pennnies on :
lil has great picks and doesn't need to pump stocks. She just gets excited like anyone interested in their money would.
Keep posting lil!!
Posted by rickpic on :
Hey lilpenny check out the BDWH thread for a big surprise!
Posted by pennnies on :
HOD!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Yeah baby!!!!
Posted by pennnies on :
Upticking.
If your not jumping in on this one u are a fool. A big run is coming!
Posted by pennnies on :
Big buys coming in!!!
Posted by doubleS on :
was that 2.3 million a buy or sell that went thru a few minutes ago
Posted by pennnies on :
quote:Originally posted by doubleS: was that 2.3 million a buy or sell that went thru a few minutes ago
scottrade has it as a buy.
Posted by doubleS on :
now with a PR after lunch will be a good day, fingers crossed.
Posted by doubleS on :
this is dead now im out good luck all
Posted by bowlegtroy on :
Lil, any word from Mike on the last (surprise) aquisition/lease and how it was paid for?
Posted by smoky on :
This certainly didn't work out the way I planned. I'm out. Good luck to all longs out there...I don't have the patience.
Posted by lilpennypincher on :
No word from Mike. I'm going to put another call in tomorrow if I don't hear back. Gonna' try and call Ms. Carolyn as well.
I am sitting on the bid trying to get another 20,000 shares. Please someone sell to me....LOL
and thanks guys.
Posted by bond006 on :
here is a past from r/b by sirtempo he has talked to Paul and Ron and has a lot of money in pbls and is going to buy more
By: sirtemp0 16 Dec 2005, 02:07 PM EST Msg. 28348 of 28350 Jump to msg. # It should be interesting to note that given the restricted shares for Progas, [we don't have those numbers], and the following acquisition [we don't have any particulars], nor the restricted share count here.... PBLS has the need for further Authorized Shares to offset these purchases.
We all understand that it's common for Pink Sheets to issue shares to investors, so we should also understand it's common to issue shares within the quide-lines of company acquisitions.
In any acquisition such as ProGas, the restricted shares are for 5-years and above a dollar. So given those facts, it's also a large buyout, a larger amount of shares is needed if one doesn't have a large amount of cash.
The bottom line is that once a company gets say within 200million of reaching the limit on the A/S, it's important to keep shares off to the side in case of an emergency. This is exactly what PBLS has done, they have increased [following public-entity guidelines] to offset an emergency situation. I have personally spoken to Paul, and others have Personally spoken to Ron, and PBLS is in now way considering the use of these extra shares, period.
From recent acquisitions, restricted shares are absolutely NECESSARY. From the vantage point of PBLS, and their recent acquisitions, plus those ahead of use [much larger than Progas], where do you think these shares are coming from?
A pie in the sky? I personally am not concerned because I know that PBLS is debt free, ProGas is debt free, and all of the other acquistions are DEBT FREE.... and remember, these shares are restricted for 5 [five] years. Where do you think we'll be in 5-years? I know. It will be at least in my conservation estimation [a 700 percent gain from here].
Anyone that has followed this company knows the potential, but as we all know.... PBLS is slow to release information outside a quick [acquisition note]. This is Paul, and this is how Paul does things. Do we all agree this is the best way? No. But Paul keeps things close to his chest for many reasons, some of which I don't know about. But for the most part, it's future players/acquistions in which Paul is working on.
We will soon... get more info on the added Authorized Shares, on how much PBLS paid for ProGas, said shares, all sometime in January.
So if you see a link heading you off to a Nevada story telling you it's now 1,997 billion instead of 1,000,000,000, it's true. We have investigated this FULLY.... and find nothing pecular about it. It would be pecular if we didn't know of ProGas as an acquisition [party responsible], and other pending... acquisitions. Paul has spend many many years developing this program, and cash to help finance along with restricted shares.
I have been promised by management that the future of PBLS does not hinge on adding a further burden to shareholders.
What we've spend in cash and restricted shares has more than paid for itself... But again, this is in the future, right? Rome wasn't built in a day, so stay tuned, stay focused knowing Paul/Ron and company have our best interests at hand.
Again, we have spent, myself along with 12 others.... hours investigating this matter and feel very confident Paul has our money heading in the right direction.
Paul understands too that given our course of greatness, we can't keep all of the info not given secret. Paul and Ron along with Mike Mulshine are working hard this week to incorporate [a lot more info] into the next PR's. We/ I have been on this for days now. We/I understand that the Nov release stated more info to come regarding the Progas deal. So stay tuned... more to come.
I know Paul now, he's been burned by shareholders regarding those who call and wine, complain before even asking how he is, asking or congratulating him on the ProGas deal. Here is how you approach Paul.
First, you don't ever call him on a negative note. Never, never never.... You ask how he is, saying I know your working hard in our best interest. That way you won't get the response when you say something very negative... and a response may be "well if you don't like the company sell the stock". Has this happened? Yes, but after talklilng to Paul, I truly understand where he is coming. A lot of these idiots on these boards and others don't have a clue as to running a business, let alone a public entity. And remember this, it's Paul's and Ron's FIRST FIRST FIRST... public company, so let up a bit as their learning curve is finally becoming a lot straighter!
Finally, I didn't visit the company this week, I had other appointments that came up. But plan to visit sometime in Jan, and Ron said I could stay with him if necessary. These guys are going out of their way to provide us a great company, and there are many here and other boards that can contest to that. So be careful what you say, and know that Paul and Company are leading up to great places.
ps... they have in no way used any, I repeat any of the added A/S, and the O/S remains the same. I repeat... the O/S remains the same and will not change in the forseeable future. Read my statement again on why we are fine and fixed with the 997mil, but why it was necessary to raise the A/S for emergency reasons only. I for one know of no company when reaching with a certain % of A/S, doesn't raise the bar to the next level for emergency purposes.
Now, all those bashers who don't have a clue, haven't entertained this new A/S for about 30 hours as I have... with many calls, many conversations, do ahead and BASH... because we know your and IDIOT and there's nothing else that can explain it.
SirTemp ... I have $110,000.00 dollars invested here. do you think I'm going to take further risks and buy more? Yes, I'm buying more this week based on what I know as of TODAY!!
Best to everyone as I go back lurking!
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Posted by lilpennypincher on :
Nice bond.
Also thanks again to whom ever just sold to me on the bid. LOL
Posted by will on :
Talk about Especulation. Believe what you like, I see the glass as half empty. You know exactly what is and has happened here.
Posted by smoky on :
LIL - LMAO:)
Posted by lilpennypincher on :
quote:Originally posted by will: Talk about Especulation. Believe what you like, I see the glass as half empty. You know exactly what is and has happened here.
Just the way I trade will
buying on the way down and selling on the way up.
Would not want to do it the other way around.
So I guess your not in it. Bu-bye!
Posted by stickfigurefred on :
COVINGTON, La., Dec 16, 2005 (BUSINESS WIRE) -- Phoenix Associates Land Syndicate (Pink Sheets:PBLS) today released information regarding its acquisition of ProGas, Inc., previously announced on Thursday, December 15th. Phoenix acquired the Covington, Louisiana-based Energy Services firm for a combination of cash, preferred shares and restricted shares in a transaction valued at approximately $4,500,000. Total purchase consideration consisted of $2.5 Million in-cash payable in installments, 150,000 Preferred Shares(a) and 10 Million restricted common shares at a value of $.05 per share.
ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing solutions to Energy producers and consumers, with services including Energy supply management, Natural gas and crude oil marketing, Physical energy transportation (trucks, barges, pipelines), Physical and financial risk management, Administrative and regulatory consulting and a rapidly growing facilities financing division. According to ProGas' audited financial statements, the Company generated net income of $377,325.86 on total gross revenue of $190,353,257.50 for their latest fiscal year ended August 31st 2005.
CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
Posted by lilpennypincher on :
NEWS!!!!!!
Posted by FatherOfTwo on :
Phoenix Associates Land Syndicate Releases ProGas Acquisition Details Friday December 16, 3:50 pm ET
COVINGTON, La.--(BUSINESS WIRE)--Dec. 16, 2005--Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) today released information regarding its acquisition of ProGas, Inc., previously announced on Thursday, December 15th. Phoenix acquired the Covington, Louisiana-based Energy Services firm for a combination of cash, preferred shares and restricted shares in a transaction valued at approximately $4,500,000. Total purchase consideration consisted of $2.5 Million in-cash payable in installments, 150,000 Preferred Shares(a) and 10 Million restricted common shares at a value of $.05 per share. ADVERTISEMENT
ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing solutions to Energy producers and consumers, with services including Energy supply management, Natural gas and crude oil marketing, Physical energy transportation (trucks, barges, pipelines), Physical and financial risk management, Administrative and regulatory consulting and a rapidly growing facilities financing division. According to ProGas' audited financial statements, the Company generated net income of $377,325.86 on total gross revenue of $190,353,257.50 for their latest fiscal year ended August 31st 2005.
CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
About Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate, through its wholly-owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. Current company assets include oil leasehold and drilling operations, sand and gravel quarry and mining operations, a contract hauling trucking fleet, diversified construction operations and land-development leaseholds. The Company is experiencing significant organic growth in each of these businesses and is aggressively acquiring synergistic businesses in order to rapidly build capacity.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Phoenix Associates Land Syndicate, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
(a) The Preferred Shares have a par value of $10.00 per share, a dividend rate of 6% per annum (payable quarterly) and are redeemable by Phoenix at any time up to 5 years by cash payment at the par value or issuance of restricted common stock (at a conversion rate based upon the trailing 30-day average closing price). The sellers will also receive "piggyback" registration rights for the common stock they receive in such redemption.
Posted by Jelly on :
Phoenix Associates Land Syndicate Releases ProGas Acquisition Details Friday December 16, 3:50 pm ET
COVINGTON, La.--(BUSINESS WIRE)--Dec. 16, 2005--Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) today released information regarding its acquisition of ProGas, Inc., previously announced on Thursday, December 15th. Phoenix acquired the Covington, Louisiana-based Energy Services firm for a combination of cash, preferred shares and restricted shares in a transaction valued at approximately $4,500,000. Total purchase consideration consisted of $2.5 Million in-cash payable in installments, 150,000 Preferred Shares(a) and 10 Million restricted common shares at a value of $.05 per share. ADVERTISEMENT
ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing solutions to Energy producers and consumers, with services including Energy supply management, Natural gas and crude oil marketing, Physical energy transportation (trucks, barges, pipelines), Physical and financial risk management, Administrative and regulatory consulting and a rapidly growing facilities financing division. According to ProGas' audited financial statements, the Company generated net income of $377,325.86 on total gross revenue of $190,353,257.50 for their latest fiscal year ended August 31st 2005.
CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
About Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate, through its wholly-owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. Current company assets include oil leasehold and drilling operations, sand and gravel quarry and mining operations, a contract hauling trucking fleet, diversified construction operations and land-development leaseholds. The Company is experiencing significant organic growth in each of these businesses and is aggressively acquiring synergistic businesses in order to rapidly build capacity.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Phoenix Associates Land Syndicate, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
(a) The Preferred Shares have a par value of $10.00 per share, a dividend rate of 6% per annum (payable quarterly) and are redeemable by Phoenix at any time up to 5 years by cash payment at the par value or issuance of restricted common stock (at a conversion rate based upon the trailing 30-day average closing price). The sellers will also receive "piggyback" registration rights for the common stock they receive in such redemption.
Contact: For Phoenix Associates Land Syndicate, Covington Osprey Partners Mike Mulshine, 732-233-3853 osprey57*optonline.net http://www.pbls.biz or Brass Bulls Corp., 866-342.2700 matthew*brassbulls.com
Posted by stickfigurefred on :
slowpokes :-P
Posted by Jelly on :
JINX LMFAO Stick
Posted by lilpennypincher on :
ROFL!
Posted by FatherOfTwo on :
but I saw it first Posted by WarpedMind on :
You guys just sit there waiting to see who can post faster. Posted by Jelly on :
It always a competition around here. I can't believe Miss pumper Lil didn't post it. LOL
Posted by lilpennypincher on :
Nice! ROFLMAO!
Posted by bond006 on :
Great Job Jelly keepem coming. Same to you fot Posted by Mule on :
there was a buy for 300k after the bell for .0172 and a buy for 300k for .0197.... may be gapping monday am
Posted by jakeo on :
Whats up with all this great news coming out and the PPS droppin it like its hot. I bought in * 22 like 2 weeks ago, and i told myself i will sell it by the end of that two weeks. I sold yestarday * 18 and by lookin at this today. Im glad i did. Can anybody explain? Cause it just seems like there is so much float on this its not going to run like we want it too.
Posted by bond006 on :
I don't worry I like Alonzo the man can take dirt and turn it into money my money is riding on pbls and stays
Posted by will on :
lil' Especualtion comment was not for you. It was for that long winded fellow who explained the A/S increase and had $110K invested, and was buying more.
quote:Originally posted by lilpennypincher:
quote:Originally posted by will: Talk about Especulation. Believe what you like, I see the glass as half empty. You know exactly what is and has happened here.
Just the way I trade will
buying on the way down and selling on the way up.
Would not want to do it the other way around.
So I guess your not in it. Bu-bye!
Posted by macdrsirules on :
Jakeo, I believe one of the reasons that PPS dropped was that many people who had invested thinking long term got scared when the PRS did not contain any info about what it was costing to do the acquiring and things like the exact location of the lease in Nevada. I know many people who sold yesterday and today for this reason.
PRS like the one just released is what is needed to instill investor confidence.
I did not sell and will only add more when financials are released.
IMHO
Posted by will on :
"for a combination of cash, preferred shares and restricted shares "
"150,000 Preferred Shares(a)"
Cash, fine, restricted shares, great. "preferred shares", convenient. No explanation on those preferred shares. Are they restricted? What is the conversion ratio to common shares? 42M volume in two days, one MM selling on the ask, The guy with $110K invested mentioned an increase in A/S, the deal had "mystery" preferred shares included in its PPS falling when it should have flown. People thinking SCHB is shorting, (42M is a bit much to short, isn't it?). Sorry sounds like the word none of y'all will even think, not a lone whisper, and God forbid you type it.
DILUTION !
Posted by macdrsirules on :
Transparency is on its way Will. As for authorized shares I believe it is 2 billion.
From phone calls with management within the last 10 days or so, no more than 3 and a half months until financials and updated OS 600 million shares with 160 million in float. And as I said Will, alot of investors sold their holdings the last two days. I have tried to explain it in the previous post. Feel free to PM me if you want a more lengthy explanation.
I for one am not concerned and will add when financials come.
Posted by lilpennypincher on :
Ditto, Mac.
Closed nice. Glad I was able to pick up those shares at the bid today!
Posted by will on :
"It should be interesting to note that given the restricted shares for Progas, [we don't have those numbers], and the following acquisition [we don't have any particulars], nor the restricted share count here.... PBLS has the need for further Authorized Shares to offset these purchases."
I might have misunderstood what the guy with $100K invested had to say here, but it sounded like the A/S was raised.
quote:Originally posted by macdrsirules: Transparency is on its way Will. As for authorized shares I believe it is 2 billion.
From phone calls with management within the last 10 days or so, no more than 3 and a half months until financials and updated OS 600 million shares with 160 million in float. And as I said Will, alot of investors sold their holdings the last two days. I have tried to explain it in the previous post. Feel free to PM me if you want a more lengthy explanation.
I for one am not concerned and will add when financials come.
Posted by macdrsirules on :
By the way, can anyone show me where management has lied to us? They have kept what they have promised although PRS detail have lacked a little detail, which appears is about to change.
Company has no history of RS. I found nothing at all concerning any fraudulent claims against Paul Alonzo or Ron Blackburn on SEC website. I could keep going, but I think the picture I am presenting is becoming clear.
Should gap up on Monday.
IMHO
Posted by will on :
"although PRS detail have lacked a little detail, which appears is about to change."
It lacked a detailed explanation of those 150,000 preferred shares. What is the conversion ratio? Could they be converted at the time the deal was closed? Why does it appear the PRS lacking detail will change? True, you have a PR explaining the structure of the deal, but I find it problematic that the terms of the preferred shares were not detailed. Don't you think that is important, and would have been a bit more forthcoming with a detailed explanation?
[ December 16, 2005, 17:26: Message edited by: will ]
Posted by bond006 on :
That right Mac with pbls pr's you have to read into them the last one now that a pr that investors like to see all the work is donee for them. Fear not this company has never lied to investors yet I know that they have increased the a/s but they have used the increase to increase assets and that does not hurt a thing some body on r/b asked an they were told the o/s is way under a billion.We will find out in Janiary of 05 I think pbls has never been stronger imho long and strong
Posted by will on :
"That right Mac with pbls pr's you have to read into them"
Why would you want to have to read into a PR? Why should you have to speculate on what is being said? Aren't PR's released to inform? Some people might like to guess at what is being said, but I trhink reasonable people want clear facts.
"some body on r/b asked an they were told the o/s is way under a billion."
Well, that's comforting, but is it accurate, factual, and official?
Posted by bond006 on :
Will, I know you should not have to read into them,pr's are not Alonzo's best work that is why he picked up a new ir to work with them they will get better as for the a/s we will have to see in January when the company releases it and the the audit. Thats what I know its not the ideal situation but it is all we are going to get and that is all I know.
Posted by JohnnyRotten on :
An acquisition is never free. The question is how does this help us. Will we make more money in the future. If pro-gas is debt free and makes money then you pay for the acquisition over time.
quote: COVINGTON, La.--(BUSINESS WIRE)--Dec. 16, 2005--Phoenix Associates Land Syndicate (Pink Sheets:PBLS) today released information regarding its acquisition of ProGas, Inc., previously announced on Thursday, December 15th. Phoenix acquired the Covington, Louisiana-based Energy Services firm for a combination of cash, preferred shares and restricted shares in a transaction valued at approximately $4,500,000. Total purchase consideration consisted of $2.5 Million in-cash payable in installments, 150,000 Preferred Shares(a) and 10 Million restricted common shares at a value of $.05 per share.
So, doesn't this just come out and say valued at 4,500,000. That is the price they paid.
2.5 mil in cash 10 mill X .05 = $500,000 ------------------------- = 3 million
so the preferred shares are valued at 1.5 million.
1,500,000 / 150,000 = $10 per share.
To pay for this with dilution you would have to sell 2.5 mill worth of shares at todays price.
2.5 mil / .02 = 125 mil shares
Then, to pay for the restricted shares later on at todays price you would need to dilute 2,500,000 shares.
To dilute the preferred shares 1.5 mil/.02 = 75 mill shares.
At todays prices approximately 202,500,000 shares. Or you can predict the price will rise enough so that when the preferred shares and restricted shares come due you can pay with fewer shares.
This is about a share for every dollar of revenue. How do you figure out if it is a good deal or not?
Let's say they are going into the oil business. Since Progas is in a sense a middle man and marketer would this cut out the middleman taking their profits? It could boost revenues and profits per barrell quite a bit vs paying someone else.
Posted by JohnnyRotten on :
Look at it this way, if they paid with 200 mill shares and the current OS is 800 mill, then the price would fall by 25% because of dilution but rise from whatever the upside would be from the assets.
We have seen the dilution over the last couple of days, when will the upside be factored in?
quote: ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing solutions to Energy producers and consumers, with services including Energy supply management, Natural gas and crude oil marketing, Physical energy transportation (trucks, barges, pipelines), Physical and financial risk management, Administrative and regulatory consulting and a rapidly growing facilities financing division. According to ProGas' audited financial statements, the Company generated net income of $377,325.86 on total gross revenue of $190,353,257.50 for their latest fiscal year ended August 31st 2005.
If current OS is 1 billion shares then
377,325 / 1 billion = .00037 per share. Of course the total shares should reflect all of their businesses. If you divide the income by the sale shares it would be,
377,325 / 200 million = .0018 per share or a pe of
.02/.0018 = 11.11
Actually a pretty fair price if you ask me.
[ December 16, 2005, 20:48: Message edited by: JohnnyRotten ]
Posted by lilpennypincher on :
I was just thinking the same as all of you and, I believe it was well stated here.
JohnnyRotten Member
Member Rated: posted December 16, 2005 20:25 -------------------------------------------------------------------------------- An acquisition is never free. The question is how does this help us. Will we make more money in the future. If pro-gas is debt free and makes money then you pay for the acquisition over time. ========================================== Sometimes dilution is necessary, (if that is what has happened) No one likes it but In the long run it will pay off.
I look at it this way. I'm buying a piece of property, paying what some may think of as way too much. Taking equity from my home to do it. But knowing what the investment will bring in the future, is what has me doing it to begin with.
Sometimes you've got to take some to make some.
JMO!
Posted by firefly on :
As long as it isn't 60 bil lol
Posted by macdrsirules on :
Guys read this PR. I have studied all the PRS in 2005 and it is well known that there will be some dilution. However I should add that the overwhelming majority of the shares issued are restricted for 5 years. We shall all see soon as stated in the PR today if you read that far. "CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
They have came through with a promised PR 100 percent of the time. There is no reason not to believe that PBLS will make all wanted info about share structure available in the near future.
6/29/2005 Read all of this one
TO ALL PBLS INVESTORS:
From time to time various questions arise from Phoenix investors that involve possible shorting (What can we do?), dilution (Who will get some shares and what percentage do I have?), and of course our progress toward becoming a full reporting company (When will it happen?).
With regard to Phoenix becoming a full reporting company, it is our plan to make announcements from time-to-time on our progress. The Company is determined to complete this process in 2006 and has made several public announcements on this issue and will continue with these progress reports.
With regard to possible shorting of our stock, we believe this is properly attacked by buying stock in the open market coupled with more buying. Phoenix believes that as more potential investors become aware of our Company and come to understand our business, the buying will continue and our stock will tend to move to stronger hands over the next few months and possibly years. The second thing that can be done by investors would be to demand delivery of your certificate when you buy PBLS stock. If you gain physical possession of your shares in certificate form you will greatly contribute to put the shorters out of business.
The third issue is dilution. Phoenix is a growing company. We plan to add five to eight new acquisitions before 2005 is over. Phoenix does not generally buy with cash, but buys with stock. As Phoenix buys -- the assets and the income of the company are expected to increase exponentially. As Phoenix grows, stock will be issued. With these stock issuances, the company continues to increase its stock value for all concerned, but this also causes dilution. There are many companies that do not grow, they have no dilution, they have no market and they have very few future prospects to drive their stock value. We believe that Phoenix stock is for those investors that are interested in a healthy, growing, dynamic company that has a future and that is not content with stagnation. As a limited example, companies like G.E. own and operate hundreds of companies and they have issued 10.61 billion shares of stock and continue to do so. This entire message is from Paul Alonzo, President and CEO of Phoenix Associates Land Syndicate, and it reflects the view and business plan as developed by the Phoenix Board of Directors.
Contact: Paul Alonzo Phoenix (985) 845-4627 phoenixassoc*bellsouth.net or Mike Mulshine Osprey Partners (732) 233-3853 osprey57*optonline.net
(It is of my opinion that as of 11/21/05 they have more cash than anticipated although most acquisitions are paid by cash and stock).
One more
7/1/2005
TO ALL PBLS INVESTORS:
Several investors called the office after our last news release expressing concerns about the use of stock when purchasing existing companies. RESTRICTED AND/OR PREFERRED are the words I left out of the release. In almost all cases we use five year restricted and/or preferred stock to purchase other companies. Each deal has certain unique aspects but they are usually structured with RESTRICTED AND/OR PREFERRED STOCK with certain triggers wherein a seller can exercise various contract options. It is also appropriate to say that any purchase by Phoenix would be expected to be accretive within the first year of purchase, which is certainly in the best interest of our current shareholders. I hope this further clarifies the use of stock in Phoenix purchases.
The increase in A/S to 2 billion does not surprise me nor scare me. Paul clearly stated that resticted/preferred shares would be used for acquisitions. This guy is straight forward and open, definitely not your run of the mill pinksheet. The numbers will be made public in the near future.
GO PBLS!!!!
Posted by lilpennypincher on :
quote:Originally posted by firefly: As long as it isn't 60 bil lol
LOL Sam. I don't think i've ever seen you off the Q thread.
Hey honey!
Posted by lilpennypincher on :
EXACTLY MY POINT! You need to DRIVE FORWARD! BRAVO Mac!
The third issue is dilution. Phoenix is a growing company. We plan to add five to eight new acquisitions before 2005 is over. Phoenix does not generally buy with cash, but buys with stock. As Phoenix buys -- the assets and the income of the company are expected to increase exponentially.
There are many companies that do not grow, they have no dilution, they have no market and they have very few future prospects to drive their stock value. We believe that Phoenix stock is for those investors that are interested in a healthy, growing, dynamic company that has a future and that is not content with stagnation. As a limited example, companies like G.E. own and operate hundreds of companies and they have issued 10.61 billion shares of stock and continue to do so. This entire message is from Paul Alonzo, President and CEO of Phoenix Associates Land
Posted by firefly on :
Hi sweet lil,,Getting my 3k tax back off Q. Just hung outside Christmas lights. This pinky any good or a bump and run lol.
Posted by lilpennypincher on :
quote:Originally posted by firefly: Hi sweet lil,,Getting my 3k tax back off Q. Just hung outside Christmas lights. This pinky any good or a bump and run lol.
This has become my baby Fly. Would love for you to read the DD. I'm loving it.......almost engaged I think........LOL Jealous?
Please come here and play. Even if you don't buy in. Miss you Pal!
Posted by firefly on :
You got it Lil, New company and position here,,Lots of work ahead but will catch up on this one. Hugs.
Posted by lilpennypincher on :
Good man Sam!
Bringing the body shots over. LOL
It really is a good one. IMO!
Posted by JohnnyRotten on :
I also think you have to look at the synnergy this brings to a growing oil company. If Net income is doubled or tripled through better management and it gives you a leg up when working as a producer.
1. Marketing - less middle men.
2. Finance - pay yourself the interest for developing infrastructure. The oil industry is currently expanding and financing is a big part.
3. Consulting - you own your consulting group.
Bush dumped a lot of oil reserves after Katrina, it lowered oil prices. As this levels off you can bet the govt will replace the oil at lower prices which will increase demand again.
Posted by firefly on :
Yay Body shots. LMAO
Posted by whizknock on :
Deep in GZFX right now but this thing is on my radar!
Glad to see you two someplace that may payoff! Might join you down the road!
quote:Originally posted by JohnnyRotten: I also think you have to look at the synnergy this brings to a growing oil company. If Net income is doubled or tripled through better management and it gives you a leg up when working as a producer.
1. Marketing - less middle men.
2. Finance - pay yourself the interest for developing infrastructure. The oil industry is currently expanding and financing is a big part.
3. Consulting - you own your consulting group.
Bush dumped a lot of oil reserves after Katrina, it lowered oil prices. As this levels off you can bet the govt will replace the oil at lower prices which will increase demand again.
Ooooo..Hoooo-HOOOOO!
There's a nice thought! ===========================================
I want to bring this over as well.
macdrsirules Member
Member Rated: posted December 16, 2005 20:52 -------------------------------------------------------------------------------- Guys read this PR. I have studied all the PRS in 2005 and it is well known that there will be some dilution. However I should add that the overwhelming majority of the shares issued are restricted for 5 years. We shall all see soon as stated in the PR today if you read that far. "CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
They have came through with a promised PR 100 percent of the time. There is no reason not to believe that PBLS will make all wanted info about share structure available in the near future.
6/29/2005 Read all of this one
TO ALL PBLS INVESTORS:
From time to time various questions arise from Phoenix investors that involve possible shorting (What can we do?), dilution (Who will get some shares and what percentage do I have?), and of course our progress toward becoming a full reporting company (When will it happen?).
With regard to Phoenix becoming a full reporting company, it is our plan to make announcements from time-to-time on our progress. The Company is determined to complete this process in 2006 and has made several public announcements on this issue and will continue with these progress reports.
With regard to possible shorting of our stock, we believe this is properly attacked by buying stock in the open market coupled with more buying. Phoenix believes that as more potential investors become aware of our Company and come to understand our business, the buying will continue and our stock will tend to move to stronger hands over the next few months and possibly years. The second thing that can be done by investors would be to demand delivery of your certificate when you buy PBLS stock. If you gain physical possession of your shares in certificate form you will greatly contribute to put the shorters out of business.
The third issue is dilution. Phoenix is a growing company. We plan to add five to eight new acquisitions before 2005 is over. Phoenix does not generally buy with cash, but buys with stock. As Phoenix buys -- the assets and the income of the company are expected to increase exponentially. As Phoenix grows, stock will be issued. With these stock issuances, the company continues to increase its stock value for all concerned, but this also causes dilution. There are many companies that do not grow, they have no dilution, they have no market and they have very few future prospects to drive their stock value. We believe that Phoenix stock is for those investors that are interested in a healthy, growing, dynamic company that has a future and that is not content with stagnation. As a limited example, companies like G.E. own and operate hundreds of companies and they have issued 10.61 billion shares of stock and continue to do so. This entire message is from Paul Alonzo, President and CEO of Phoenix Associates Land Syndicate, and it reflects the view and business plan as developed by the Phoenix Board of Directors.
Contact: Paul Alonzo Phoenix (985) 845-4627 phoenixassoc*bellsouth.net or Mike Mulshine Osprey Partners (732) 233-3853 osprey57*optonline.net
(It is of my opinion that as of 11/21/05 they have more cash than anticipated although most acquisitions are paid by cash and stock).
One more
7/1/2005
TO ALL PBLS INVESTORS:
Several investors called the office after our last news release expressing concerns about the use of stock when purchasing existing companies. RESTRICTED AND/OR PREFERRED are the words I left out of the release. In almost all cases we use five year restricted and/or preferred stock to purchase other companies. Each deal has certain unique aspects but they are usually structured with RESTRICTED AND/OR PREFERRED STOCK with certain triggers wherein a seller can exercise various contract options. It is also appropriate to say that any purchase by Phoenix would be expected to be accretive within the first year of purchase, which is certainly in the best interest of our current shareholders. I hope this further clarifies the use of stock in Phoenix purchases.
The increase in A/S to 2 billion does not surprise me nor scare me. Paul clearly stated that resticted/preferred shares would be used for acquisitions. This guy is straight forward and open, definitely not your run of the mill pinksheet. The numbers will be made public in the near future.
GO PBLS!!!!
lilpennypincher Member
Member Rated: posted December 16, 2005 20:59 -------------------------------------------------------------------------------- EXACTLY MY POINT! You need to DRIVE FORWARD! BRAVO Mac!
The third issue is dilution. Phoenix is a growing company. We plan to add five to eight new acquisitions before 2005 is over. Phoenix does not generally buy with cash, but buys with stock. As Phoenix buys -- the assets and the income of the company are expected to increase exponentially.
There are many companies that do not grow, they have no dilution, they have no market and they have very few future prospects to drive their stock value. We believe that Phoenix stock is for those investors that are interested in a healthy, growing, dynamic company that has a future and that is not content with stagnation. As a limited example, companies like G.E. own and operate hundreds of companies and they have issued 10.61 billion shares of stock and continue to do so. This entire message is from Paul Alonzo, President and CEO of Phoenix Associates Land
and of course today's (just before the bell) PR.
Phoenix Associates Land Syndicate Releases ProGas Acquisition Details Friday December 16, 3:50 pm ET
COVINGTON, La.--(BUSINESS WIRE)--Dec. 16, 2005--Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) today released information regarding its acquisition of ProGas, Inc., previously announced on Thursday, December 15th. Phoenix acquired the Covington, Louisiana-based Energy Services firm for a combination of cash, preferred shares and restricted shares in a transaction valued at approximately $4,500,000. Total purchase consideration consisted of $2.5 Million in-cash payable in installments, 150,000 Preferred Shares(a) and 10 Million restricted common shares at a value of $.05 per share. ADVERTISEMENT
ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing solutions to Energy producers and consumers, with services including Energy supply management, Natural gas and crude oil marketing, Physical energy transportation (trucks, barges, pipelines), Physical and financial risk management, Administrative and regulatory consulting and a rapidly growing facilities financing division. According to ProGas' audited financial statements, the Company generated net income of $377,325.86 on total gross revenue of $190,353,257.50 for their latest fiscal year ended August 31st 2005.
CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
About Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate, through its wholly-owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. Current company assets include oil leasehold and drilling operations, sand and gravel quarry and mining operations, a contract hauling trucking fleet, diversified construction operations and land-development leaseholds. The Company is experiencing significant organic growth in each of these businesses and is aggressively acquiring synergistic businesses in order to rapidly build capacity.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Phoenix Associates Land Syndicate, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
(a) The Preferred Shares have a par value of $10.00 per share, a dividend rate of 6% per annum (payable quarterly) and are redeemable by Phoenix at any time up to 5 years by cash payment at the par value or issuance of restricted common stock (at a conversion rate based upon the trailing 30-day average closing price). The sellers will also receive "piggyback" registration rights for the common stock they receive in such redemption.
Contact: For Phoenix Associates Land Syndicate, Covington Osprey Partners Mike Mulshine, 732-233-3853 osprey57*optonline.net http://www.pbls.biz or Brass Bulls Corp., 866-342.2700 matthew*brassbulls.com
Posted by Jelly on :
Can I just say that I REALLY appreciate all the hard DD and work that everyone has put into this.
Posted by lilpennypincher on :
Sure you can Jelly....Awh.......Group (((HUG)))
Posted by lilpennypincher on :
We have not been this oversold on PBLS in a long time......!
Sweeeeeeeeet.... Big ceiling ahead! I'm happy!
Posted by bond006 on :
This has been very over sold for a while when it run it will most likly go lake a banchee. glta see you latter lilpenny and other hosts.
Posted by prefect on :
bond006,
I am not sure what you're talking about. All I originally said was she was pumping and she attacked me and being offended I retaliated.
I have the right to express my opinion. I certainly didn't call names or insult anyone.
I don't blindly follow anyone...I understand that all the DD in the world doesn't necessarily mean anything for these companies. They are on these exchanges for a reason...
The grim reality is that with these stocks there is a lot of shadiness going on with people on these boards and the companies themselves.
Do I think PBLS is going to do anything significant? No I don't...no matter what this "DD" says.
Is it possible to make a profit with it? Yes, but you certainly aren't going to be rich overnight (like lil's comments may lead one to believe).
I think these threads need a reality check once and a while. If you want to put me on ignore fine...
The fact of the matter is this stock lost another 12% today. I would hate to see new people lose their savings because they have been lead to believe they will become rich by buying this stock.
Anyway...that's all I have to say.
Posted by BuyTex on :
lol, prefect...how could you be "attacked"? ran a quick scan on-thread and don't see where you were jumped...obviously, I might've missed it...
But, c'mon, as recently as you joined with only a little over 500 posts--why would anybody attack you? If you're trying to share good stuff--which i assume you are--that simply doesn't make sense...
Posted by bond006 on :
Sorry perfect, lets start over this is a time when we need to stick together and stay focused things will work out I am sure
Posted by bond006 on :
Well for what ever the reason is this stock is starting to get noticed look at all the new posters that are coming aboard here. IHUB the thread is the third most popular board now. DD machine it is in the top one third of most popular request for information. Board central top ten request for web site info. People are starting to take notice and that is good.
Posted by stickfigurefred on :
Great to see, thank you lil, bond, and all the other posters for the great info you provide. Im still holding long and strong. Have a good weekend and GLTA of us.
Posted by macdrsirules on :
Prefect, In reference to your comment.
"Do I think PBLS is going to do anything significant? No I don't...no matter what this "DD" says."
Have you done any DD on this company, have you spoken with any of the management, have you checked to see history of RS or scam or other fraud?
Or are you just making your free opinion known because it is a pink sheet stock?
Many people on this board and others have spent countless hours studying everything possible about this company.
Pinks and OTCBB are known to be heavy laden with scams. The object is to find the few that are not scams and have revenue and profits and are 100 percent legitimate working companies.
Call someone on the PR and go visit them. They will welcome you as they have everyone that has visited them.
The transparency is coming soon. They come through every time with news as they promised. This time PR will show share structure, or actually it might not be a PR but will be available in numerous places for easy access.
Posted by JohnnyRotten on :
I got my info from the Houston Chronicle. The transaction is being advertised in broad daylight where people could speak up if ProGas wasn't a real company.
The numbers given are "audited" financials. Even though PBLS is non-reporting, ProGas themselves used an official audit for this transaction and may themselves be a reporting company. Have to look into that.
Of all the pinks I have looked at this one seems logical to me. Go back over all the scams and I think they were dishing out divvies to hold people in while they scam you, the divvies end up worthless and the stock price eventually plummets and dies.
If you took the current max for OS and the profit numbers given I think the company is trading close to fair value now. All I see is upside as the numbers are released.
1 mil profit / 2 bill AS x 20 pe = .01
All I see here is a real company trying to build something. One thing I do want is confirmation on some Katrina construction projects. We haven't seen much info in that area.
The oil lease DD seems like it was thoroughly researched and it has a real chance to produce some oil someday. Once the drilling is announced this should fly. If oil is found in just medium quantities this should really fly.
Big investors buy on revenue and profit, they may take small positions in riskier stuff like a pinky. Pinkies fly on speculation because we are here to get in before it flies to make some real big money quick. That is why we get scammed easily, but also why some do get rich.
I don't see this as a get rich quick company though I could see a 10 bagger or more in the near future. 20 cents or more in less than six months is possible. The reason is that they have not released OS or numbers from Katrina projects etc. It is possible they could come in with 10 million in profits pretty easily, if os is 1 billion or close to it you have a 20 cent pps at 20 pe.
If they took 190 mil revenue and produced 5 mill in profit through better management, even if OS is maxed at 2 billion you get a share price of .025 with a 10 pe. Plus add the profits from other businesses they are in.
If they make 5 million profit from Katrina projects they are at .025 with a 10 pe with OS maxed.
Add in any oil revenue. If off their lease they produce 1 well at 1000 barrels a day at 40$ a barrel, if they only receive $1 profit per barrel you end up with 1000 X 365 or 365,000 a year profit.
I am a numbers cruncher. I see a lot of upside here.
It is still risky but this makes more sense to me than most pinky companies. Posted by lilpennypincher on :
This was not directed to me but, My name was mentioned again so I will respond!
quote:Originally posted by prefect: bond006,
I am not sure what you're talking about. All I originally said was she was pumping and she attacked me and being offended I retaliated.
I have the right to express my opinion. I certainly didn't call names or insult anyone.
I don't blindly follow anyone...I understand that all the DD in the world doesn't necessarily mean anything for these companies. They are on these exchanges for a reason...
The grim reality is that with these stocks there is a lot of shadiness going on with people on these boards and the companies themselves.
Do I think PBLS is going to do anything significant? No I don't...no matter what this "DD" says.
Is it possible to make a profit with it? Yes, but you certainly aren't going to be rich overnight (like lil's comments may lead one to believe).
I think these threads need a reality check once and a while. If you want to put me on ignore fine...
The fact of the matter is this stock lost another 12% today. I would hate to see new people lose their savings because they have been lead to believe they will become rich by buying this stock.
Anyway...that's all I have to say.
"I am not sure what you're talking about. All I originally said was she was pumping and she attacked me and being offended I retaliated."
You bet your butt I'm pumping this baby! But, in fairness to me and others... Pumping with DD to back it!
I BELIEVE In the WHOLE dang thing!
I'm spreaing the Word and it's getting out!
It all comes down to this. I'm IN IT! DON'T FOLLOW ME ON MY POSTS! I post to share my excitement and disappointment with those that share this wonderful thread with me.
If you don't like it, there is an ignore button.....PULLLLLLLEEEESE put me on it!
"Do I think PBLS is going to do anything significant? No I don't...no matter what this "DD" says."
So then why are you here? Apparently......you don't own any shares, RIGHT?
I love when people come on a thread and Pi$$ on the parade of others. I've backed up my (so called) pumping with DD, now it's your turn. Please give me the DD that you have found that leads you to say this......I'd love to see it. I'd welcome all DD even if I don't like it.
"Is it possible to make a profit with it? Yes, but you certainly aren't going to be rich overnight (like lil's comments may lead one to believe)."
Now.........Here's some DD for ya'. Go back and read every post of mine and find where I said anything close to "You will get rich over night"! I myself don't plan on getting rich On PBLS. I have stated that I will SELL ON THE RUN and GET MORE BACK ON THE DIP! AND I WILL! Now......Did I make myself clear that time?
"The fact of the matter is this stock lost another 12% today. I would hate to see new people lose their savings because they have been lead to believe they will become rich by buying this stock."
TO ALL NEWBIES! You will not get rich on most any penny stock. Don't be foolish and HOLD IT FOREVER. Watch the charts.....look for the HIGHS and Get out there. Buy back in again on the lows. Learn to play the stock game before dive in. Don't listen to me......OR ANYONE! I'm only here to have fun, make friends and make money........and apparently Pi$$ some people off. LOL
Look I don't have a crystal ball and can't guarantee what this or any stock will do. What I do know is........I like PBLS out of ANY of them out there and it's got my vote for being strong and headed in the right direction!
Good Luck to all of you!
Posted by bond006 on :
This another persons post but I like it
To PBLS BASHERS:
Before you post another bashing diatribe, please name the long list of other pink-sheet companies that 1) are debt-free, 2) have positive earnings, 3) are growing revenues and earnings year over year at a pace of well past 100%, 4) have a float of under 500 million shares, and 5) are trading at a miniscule fraction of intrinsic value.
Now, after you have compiled that list, we'll begin comparing PBLS to what you must think are scores upon scores of companies fitting this bill.
Posted by macdrsirules on :
6/14/2005
Phoenix, trading on the OTC Pinksheets (Symbol: PBLS) has about 2,600 shareholders of record. The Company has a total of 377,291,802 shares issued and outstanding as of June 10, 2005, of which 228,085,575 are restricted shares, and the remaining 149,206,227 shares are non-restricted shares and considered to be the public "float" shares. Based on the closing price of PBLS on June 10th the Company's Market Cap is about $5.3 million.
As of 6/14/2005 Phoenix consisted of: Murphy Sand and Gravel Bayou State Trucking Ann Arbor Pools Great Lakes Pool Plastering
As of 10/6/2005 3-D-builders acquisition
As of 10/18/2005 Mid-South Resources and Rome Oil and Gas Company acquisitions
As of 10/27/2005 New oil lease in Kentucky acquisition
As of 11/10/2005 New oil lease in Wyoming acquisition
As of 12/9/2005 New oil lease in Nevada acquisition
As of 12/15/2005 Progas acquisition
These are the major acquisitions that have increased the O/S and revenue/future revenue of PBLS.
There are other factors that may have increased O/S also such as multi-year contract with Mike’s enterprises, acquiring services for full audits, acquiring services for survey of Wyoming Oil Leases and other items that may/may not affect O/S.
Now with this being said the O/S was around 378,000,000 on June 10. In October management said the O/S was around 460,000,000, since that phone call there have been acquisitions of 3 new oil leases and 3 oil and gas companies(Mid-south, Rome, Progas). The latest number I heard from management about O/S was around 600,000,000 a week or so ago. I would guess that last number was before Progas acquisition which would raise the O/S to around 611,000,000.
I estimate that the number we will see concerning O/S, when the share data is released, is between 611,000,000 and 650,000,000 with float of around 200,000,000. This depends on whether there are any other acquisitions that are closed before the release of the share-related data.
We all know on DEC. 6 that Authorized shares increased from 1 billion to 2 billion. It seems logical to me that PBLS may very well be in the process of other acquisitions that would bring O/S close to 1 billion shares and that is why the authorized shares went up to 2 billion. I for one do not have a problem with that as long as the shares aren’t immediately thrown into the float, (and I do not think they have been or will be), and are used for acquisitions using restricted/preferred shares. Remember as the O/S does indeed increase and revenues/profits of the company increase as well.
This post is simply speculation and my calculations. We shall soon see if these figures are close to being correct.
Posted by bond006 on :
perfect I have just iggied you
Posted by thelimeyone on :
TO THE BASHERS WHO BASH THE SO CALLED PBLS BASHERS I have never seen so much over the top anger at someone(prefect)for expressing his views that happen to be different from yours .the last i heard this country is still a democracy and this is a public forum.you are a bunch of hypocrites.you are the biggest red flag against buying this stock.if your so confident in it why do you feel the need to pummel someone into the ground.you have convinced me to avoid this stock.if anyone would like to get a different perspective on this stock check out the bullboard at stockhouse.com.p.s.all the so called dd seems to be coming out of the ceo's mouth,as i don't know him from a bar of soap it don't mean zip until it can be independently verified.
,
Posted by JohnnyRotten on :
I went over to stockhouse and read the thread, it is pretty much worthless as far as dd goes.
The reason is that Utah has only one moderately producing region. The person's dd covered the entire state. If the lease is in the right region they have a high probability of success.
quote: These regions of higher productivity and regions of little or zero productivity remain approximately the same when only recent production activity is considered. Figure 4 illustrates the distribution of oil and gas production from 2001 to October 2003. Figure 5 identifies the areas accounting for 95% of the oil and gas production during this period. Again less than 5% of Utah's recent oil and gas production comes from outside these moderately productive fields.
Looking at expected (mean) and median well productivity gives an idea of what types of production levels are typical of wells within the productive or the unproductive areas. Since drilling began, 13,529 wells have been drilled in the state of Utah. Of these wells, 5,115 (38%) have produced no oil or gas. However:
6,977 of the 13,529 total wells are inside the regions responsible for 95% of the cumulative oil and gas production. Of these wells, the median production is 96,000 BOE and the average production is 366,000 BOE. Eleven percent of these wells produced no oil or gas. 6,552 of the 13,529 wells are outside the regions responsible for 95% of the cumulative oil and gas production. Of these wells, the median production is zero BOE and the average production is 27,000 BOE. Sixty-three percent of these wells produced no oil or gas.
In this region only 11% of the wells are dry. They produce over the 1000 bbl of oil I used in my figures.
So, until the stockhouse guys figure out where the lease is and the geology surrounding it, their dd is pretty worthless and doesn't discredit the company.
Posted by JohnnyRotten on :
quote: Until recently, little significant drilling had been completed in the Great Basin area of Eastern Nevada and Western Utah, which is why the near billion barrel discovery made by Wolverine Gas & Oil (see Figure 1) has opened the eyes of many, and established credibility for those companies already pursuing opportunities within the Great Basin area. As described in an Oil and Gas Journal article dated January, 17, 2005 , the Wolverine discovery in the Covenant field has the potential for 896 million bbl from the Navajo No. 1 (current producing zone) alone.
Posted by JohnnyRotten on :
EDEN sees the same thing.
quote: Eden Energy Corporation (EDNE) traded as much as 2.46% over open on Thursday.
Eden Energy has acquired 211,000 acres near Ely Nevada. This acreage encompasses the Noah Oil Prospect, a giant 53-mile long, seven mile wide linear anticline. It lies 15 miles to the southeast of the Blackburn oil field and 60 miles north of the Railroad Valley oilfield. At the Railroad Valley field one well, the Grant Canyon #4 produced over 4,000 Bopd for 15 years and was one of the most prolific onshore wells in US history
People, they are going to drill not that far from this well. This well produced 4000 bbls consistently for 15 years.
I think if we hit oil this stock is going to kick some pink sheet tail.
Posted by The Bigfoot on :
Be careful...oil stocks can kill a portfolio if a well comes up dry. I've learned that lesson way too many times. I'd wait until the strike is confirmed, get in, and ride the buy up rather than try to get in early and hope for a hit.
The Foot
Posted by jununi on :
BEWARE: Stocklemon Reports on Eden Energy (OTC:EDNE)
I would agree if this was solely an oil company and this its only source of income. PBLS has some good potential without a quick oil discovery.
You are correct though, a dry hole can kill momentum. A good oil discovery makes those in early pretty happy. It is possible this will fall some more for a better buy in but I wouldn't count on it.
Where I work I can't trade when news hits. Being a day late could kill your chances at good money. If you can't get out on bad news it kills you as well.
The purpose of this dd isn't to pump it, but to show that this area is a real developing oil exploration area. Those who say PBLS is a scam haven't proven it. Posted by JohnnyRotten on :
I think EDEN is in a land play. They want to pump the discovery to sell the rights at a premium.
Here is an article showing how the bid prices are starting to soar.
quote: With the secret out, industry players expect a bidding war to break out at the next Utah leasing auction, set for May 17 in Salt Lake City. "This is huge for the state of Utah," said Larry Nation of the American Association of Petroleum Geologists. "The budget for the entire state of Oklahoma is virtually built on oil revenues. I could see that happening in Utah in the future."
PBLS is just getting into the middle of it. Could be a scam, but doesn't look like it.
quote: Annual economic growth has hovered at about 2 % for years. Unemployment is at 4.7 %. The problem is more underemployment than unemployment, Nash said. Not enough work that pays a decent wage, with many folks working two jobs. But that all changed in May, when the headlines hit about Wolverine's windfall. Oil and gas leases that once went for $ 2 an acre were now being snatched up for $ 1,250 an acre, and real estate agents started fielding calls from out-of-towners eager to invest. "Now, everyone wants a piece of the pie," said Mark Tucker, president of the Chamber of Commerce
I think I would buy lease rights at 2$ and sell them for 1200$.
Posted by JohnnyRotten on :
quote: I spentfourteen years with Suncor in Calgary, beforestarting my own company, D. SharpeManagement, where I have consulted to,managed and run a number of successful startupcompanies including Velvet Exploration andGemini Energy, to mention a couple.Educationally I hold a Bachelors of Sciencedegree from the University of British Columbia,I’ve got a certificate in Business Managementfrom the University of Calgary, and I alsoattended and graduated from the Banff School ofAdvanced Management.EC: Lastly, if you could tell our readersone thing about Eden Energy, what would itbe? Mr. Sharpe: Well, hopefully you’ve heardthrough this interview, our theme is to think big.Velvet Exploration was sold for $425 million,Gemini Energy is now worth about $125 million,Ultra Petroleum, another company founded in Vancouver that I had some interest in the earlydays, now has a market cap of about $2.5 billion.So again, we look for big projects with big potential and we think the Noah Project inNevada fits that bill. Eden Energy Corp. (EDNE)
I will do more searching on EDEN oil, but EDEN doesn't make PBLS a scam.
quote: Peter Aubry Position: Director
-------------------------------------------------------------------------------- Mr. Aubry has an extensive 30 year career in Western Canada's oil and gas sector successfully founding and building both private and publicly-listed companies. Focused on maximizing shareholder value and ownership, as a Director of Pan Atlas Energy Inc, Mr. Aubry played a roll in facilitating its acquisition by Velvet Exploration in September 2000. Velvet Exploration was subsequently acquired for $434 million by El Paso Oil & Gas in August 2001.
quote:Originally posted by bond006: Sorry perfect, lets start over this is a time when we need to stick together and stay focused things will work out I am sure
To this...
quote:Originally posted by bond006: perfect I have just iggied you
Within minutes...hmmm bi-polar I guess...
Anyway lil, I do own shares. At this point I am just waiting to break even and I will be out.
It's not worth fighting about I hope everyone here (including you lil ) makes money on this.
Good luck.
Posted by lilpennypincher on :
I hope we all make money as well prefect. The only problem I have had with you is calling me a pumper (which I take title of Proudly Here) but, I'm backing it up with DD.
People come on here and every other thread spreading the negative <<<VIBES>>> with NO DD TO BACK IT UP! I'd love to see it but, all I've seen thus far is good DD..... is my point.
Good luck to you and all!
Posted by prefect on :
my main negative on this stock is the appearance of releasing "good news" to entice people to buy while at the same time selling shares to pay for the the acquisition.
has anyone been able to disprove this?
Posted by BuyTex on :
best thing? call the TA...if they're gagged, well---rum da bumm bummm--dead giveaway. Otherwise, you stand a good chance of getting a reasonable answer...
Posted by JohnnyRotten on :
I think the PR's about their oil in Kentucky kind of help us see they are doing ok.
18 wells avg 26 bls a day comes to 10 million revenue a year. They are adding six new wells. Plus claims in Montana or Wyoming.
The Nevada property is just one part. Since leases are cheap in Nevada, 1.75 - 2.50 per acre, they could risk 15 or 20 thousand for 7 thousand acres that has promising survey results.
I think what is happening in Nevada is a geologist thinks he knows how to find the oil. He has convinced people to search, and early tests are positive. It worked under similar conditions in Utah using the same results from old shell reports.
EDEN's ceo has hit on his last 6 wildcat drills so he may know what he is doing more than anyone thinks. They are in the area.
It is risky but I don't want people to get the idea that PBLS is dependent upon that state.
Posted by laintbad on :
does anyone know if PBLS is still actively drilling in KY. In one of their previous posts they said they are going to drill 6 wells before the EOY 2005.
Any comments on that?
Posted by lilpennypincher on :
quote:Originally posted by prefect: my main negative on this stock is the appearance of releasing "good news" to entice people to buy while at the same time selling shares to pay for the the acquisition.
has anyone been able to disprove this?
I understand your point here prefect and if you go back and look throught the posts.......I was the FIRST one, to point out that perhaps the Closing was backed with shares. Being the price did not rocket.
Now addressing this.
EDEN's ceo has hit on his last 6 wildcat drills so he may know what he is doing more than anyone thinks. They are in the area. It is risky but I don't want people to get the idea that PBLS is dependent upon that state.
Agreed JR.
And.......They're all risky
GLA I'm holding
Posted by macdrsirules on :
I can safely say that management has stated that they are not selling shares into the float. They are acquiring companies with cash and/or restricted/preferred shares.
Buytex, Share structure should be readily available on several sites in the near future as stated in the last PR.
IMHO macdrsirules
Posted by BuyTex on :
Sites can post whatever...my suggestion stands if there's a question: call the TA & post the results
Posted by Louie_EM1 on :
I view these boards from time to time. A lot of people here are ok, but the idiot pumpers and ride people's backs are seriously ridiculous sometimes. I don't blame lilpennypincher at all. The DD's were good, and the chart was pointing up, there's no question about that.
But I don't like how these boards can get off track about the past so quickly, so I'll end with this:
We're looking at moving a bit lower. Hopefully volume is on our side this coming week.
Posted by macdrsirules on :
Louie, I have no problem with your post whatsoever and I know the chart says it should move lower according to the bearish 2 candlesticks. However the stock is considerably oversold and there was also good news immediately prior to close on Friday.
I bet it gaps up on Monday and makes a comeback into mid to high .02S.
Purely speculation
GLTA macdrsirules
Posted by lilpennypincher on :
At the close friday
COVINGTON, La., Dec 16, 2005 (BUSINESS WIRE) -- Phoenix Associates Land Syndicate (Pink Sheets:PBLS) today released information regarding its acquisition of ProGas, Inc., previously announced on Thursday, December 15th. Phoenix acquired the Covington, Louisiana-based Energy Services firm for a combination of cash, preferred shares and restricted shares in a transaction valued at approximately $4,500,000. Total purchase consideration consisted of $2.5 Million in-cash payable in installments, 150,000 Preferred Shares(a) and 10 Million restricted common shares at a value of $.05 per share.
ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing solutions to Energy producers and consumers, with services including Energy supply management, Natural gas and crude oil marketing, Physical energy transportation (trucks, barges, pipelines), Physical and financial risk management, Administrative and regulatory consulting and a rapidly growing facilities financing division. According to ProGas' audited financial statements, the Company generated net income of $377,325.86 on total gross revenue of $190,353,257.50 for their latest fiscal year ended August 31st 2005.
CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
Posted by Bearclaw on :
GM Lil... This is a good entry point IMO...I'm surprised frankly that this didn't do better when the PR was first released. I think it will get some attention this AM... Hope your well...
Posted by lilpennypincher on :
Thanks bear.
I've just come to the point with this one....NOT TO SWEAT IT! lol.........all good things in the works
Posted by Bearclaw on :
Welcome Lil...hahahaha
L2's show a dip at open...could slingshot hard this morning...no sweat girl
Posted by lilpennypincher on :
Yup.......Here's the line up.
1x.0161 3x.016
1x.0162 1x.0167 1x.0185 1x.02
Posted by bond006 on :
Time to get the old check book out and figure how to get more of this little diamond in the ruff
Posted by lilpennypincher on :
LOL, Morning bond.
Posted by bond006 on :
Good morning Lil lol today
Posted by shomethamoney on :
Is there no bottom in sight for this? I don't understand the selling.
Posted by DQ. on :
yea, I thought last week at .0215 was a good entry point....shows what I know. How is it that ANY stock can go either up or down....I can always buy the one going down.
Posted by Jmoove on :
L2s are real thin on the ask .0152 .0158 .0185 .019 .02x3
and the bid is stacked at .015
Posted by pennnies on :
Lets get this baby moving!
Posted by sharkone on :
Down another 12% today...I'm feeling sick to my stomach. I'm not down almost 60% overall.
Lil, What do you think? Why the sell-off? I don't know much about technicals, but the RSI is not about 27. I'm afraid to buy in again.
Sharkone
Posted by pennnies on :
please close this topic.
Posted by bowlegtroy on :
it's freakin killin me too! Man, I don't want to hang on to one that kills my portfolio AGAIN! AAAAARrghhhhhhhhhhhhhhhhhhh!
Posted by bowlegtroy on :
BTW: I think everything points north for the pps, but man, to watch it dive so far so quickly...and after GREAT news...It's just killin me.
Posted by lilpennypincher on :
quote:Originally posted by pennnies: please close this topic.
Why?
===============================================
And I already said above to bond......I'm not sweating it.
Sell if you like.........I'm adding all the way down.
Posted by macdrsirules on :
I am really surprised at todays action. It seems good news only brings it down. Sharkone, my average is .026 so Im pretty close to ya.
DQ I would have thought the same as you last week so dont feel alone. Surely it will rebound soon.
Posted by ThehourofTaber on :
This is complete BS. what the hell is going on!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Posted by lilpennypincher on :
I agree mac. I don't have the answers. If SCHB still has shares to sell........I'll have to wait till he is done I guess.
Do what you all feel is best but..........again..I'm adding on the way down.
Posted by pennnies on :
quote:Originally posted by lilpennypincher:
quote:Originally posted by pennnies: please close this topic.
Why?
===============================================
And I already said above to bond......I'm not sweating it.
Sell if you like.........I'm adding all the way down.
The whole Kaboom topic is killing us!
Posted by lilpennypincher on :
Trust me guys.........I'm down HUGE!
I'm hoping to add more low and wait for SCHB to finish his selling. I don't know what more to say. I'm very upset about the PPS right now but, keeping all that PBLS has going and the future clear in my mind......
Posted by lilpennypincher on :
So.........start a new one Pennies.
Posted by pennnies on :
I am down more then I want to admit to, but I am holding. This baby will go.
![[Big Grin]](biggrin.gif)
![[Razz]](tongue.gif)
![[Smile]](smile.gif)
HA HA HAAAA
![[Roll Eyes]](rolleyes.gif)
![[Eek!]](eek.gif)
![[Wink]](wink.gif)
) makes money on this.