Rate Member posted September 15, 2005 10:00 -------------------------------------------------------------------------------- Thursday September 15, 7:00 am ET
COVINGTON, LA--(MARKET WIRE)--Sep 15, 2005 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction related industries, today announced that WE ARE BACK! Phoenix is back from temporary offices in Galveston, Texas and is now operating in its home base in Madisonville, Louisiana and Pearl River, Louisiana. ADVERTISEMENT
Phoenix has contractors working on both sites and will open the gravel pit office on Monday, September 19, 2005. We now have eight telephone lines working on the ground and eight cellular telephones back in operation. Both locations have electricity and contractors are calling Phoenix like I have never witnessed before, because everybody is desperate for material.
This morning I received the signed faxed copy of a binding letter of intent (LOI) prepared by the law firm of Dickinson and Wright, from the two oil companies we are purchasing. I will keep you informed when we have the hard copies of the LOI, and when we complete the due diligence process on these acquisitions. We will also then provide specific information on the leases we have acquired, the oil wells we have in operation and the oil wells we will be drilling. STAY TUNED. -------------------------------------------------------------------------------- Posts: 6 | From: Ohio | Registered: Sep 2005 | IP: Logged |
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
| IP: Logged |
posted
*kicks self repeatedly for selling way early and locking funds into other stocks*
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
| IP: Logged |
posted
"This morning I received the signed faxed copy of a binding letter of intent (LOI) prepared by the law firm of Dickinson and Wright, from the two oil companies we are purchasing."
Two oil companies we are purchasing? where'd that come from?
Posts: 145 | Registered: Oct 2003
| IP: Logged |
posted
Could just be a lot of profit taking on the drop today. This stock has run up far and fast this month.
Posts: 190 | Registered: Sep 2005
| IP: Logged |
posted
Typical selloff Friday too. I can see this runup again early next week. I'm looking forward to more PR's, they have so many exciting things going on.
Posts: 1097 | Registered: Jun 2005
| IP: Logged |
posted
I took advantage and got some more. I see this really paying off in Jan-Feb after they have some quarterly results from all of this activity coming.
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
| IP: Logged |
posted
I almost cried when the price dropped--but loaded backup anyway---It will do good next week
Posts: 24 | From: dade city fl | Registered: Aug 2005
| IP: Logged |
posted
If anyone has any doubts about this stock go to Ragingbull.com and look at the posting of Misty 8686 on the PBLS message board
Posts: 24 | From: dade city fl | Registered: Aug 2005
| IP: Logged |
posted
I sold at end of day yesterday and got back in today at 5. I dont' usually get back in once I'm out but this is a Louisanna company and I know politics(my field) will favor the local firms getting the contracts. This I know!
Posts: 2292 | Registered: Mar 2005
| IP: Logged |
posted
Still kicking my butt for selling at .015. Bought at 1/2 cent and sold at 1 1/2 cents. Thought I was really kicking butt. Only butt kicked was mine. Good luck to all. Not chasing anything.
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
| IP: Logged |
posted
Hey you got some profit, thats all that matters. We know the potential on this one, definately undervalued.
Posts: 1097 | Registered: Jun 2005
| IP: Logged |
posted
I know people in penny land usually look a lot more at momentum and charts etc. But I am traditionally a value investor and have only recently started looking into micro-caps. As far as I can tell, this is one of the best long term value plays that I think I have ever seen. I obviously haven't been able to look at any type of financials that would allow a definitive opinion, but just looking at their assets, the current situation and demand for their products and services, and also the fact that they are in an aggressive growth pattern as far as acquisitions tells me that this stock is so undervalued as to be insane!
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
| IP: Logged |
posted
This is my first time to post anything on a weblog. I just wanted to thank whoever it was that first mentioned PBLS.PK back in early August. I bought 75000 shares when it was .0038 because of rumors of the Highway Bill getting passed. I really don't know what to do from here since I have never looked at PINK SHEETS before so I'm holding on to it. All of my previous investments are job related 401K plans and one IRA account. I just hate it that investors are so wide open to scammers on the PINKs. Any advice is appreciated.
Posts: 1 | From: Tulsa, Oklahoma | Registered: Sep 2005
| IP: Logged |
posted
Phoenix Enters Into Irrevocable Letter of Intent to Acquire Mid-South Resources, Inc. and Rome Oil and Gas Company Market Wire - September 19, 2005 7:08 AM (EDT)
-------------------------------------------------------------------------------- Jump to first matched term
COVINGTON, LA -- (MARKET WIRE) -- Sep 19, 2005 -- Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction related industries, today announced that it has fully executed an irrevocable binding letter of intent for the acquisition of Mid-South Resources, Inc., and Rome Oil and Gas Company. The final due diligence is being performed this week and the definitive acquisition agreement, based on the irrevocable binding letter of intent, is being prepared by the Company's law firm, Dickinson Wright.
Mr. Paul Alonzo, CEO and President of Phoenix, stated, "We will not be competing with the Exxon, Shell, and Texaco's of the World, but we are now a boutique for the smaller deals that are of no interest to the larger companies. There are thousands of fields and wells available to Phoenix that were not finished or shut down, and were not profitable when oil prices were between $15 and $20 per barrel. Now that the price of oil per barrel exceeds $60 these fields can be re-opened to provide oil and gas to our country." Mr. Alonzo added, "This is the reason we are jumping in to the oil and gas business, and it should be a good ride for each of you. Phoenix will apply its expertise in management, finance and growth and intends to make this division into a winner for everyone. With this acquisition we are getting producing wells, leases, lease options and wells to be re-opened."
Mr. Alonzo commented further, "Today, Monday, September 19, 2005, the Company's gravel mining operations are open and the truckers are returning. Phoenix is also gearing up its construction division because of Hurricane Katrina. There will be no shortage of real news on these three business areas in the upcoming months."
Posts: 425 | From: NL | Registered: Jun 2005
| IP: Logged |
Notice On 9/13 the price. We traded just as many $s today @ a lower price. What that means is people who bought the same amount of $s today, got more shares, And more shares means less shares on the market. They are loading and loading and loading now that they bought back the shares they didn't have @ .128, and sold. Get ready for the next run.
Posts: 85 | From: Greenville Texas USA | Registered: Jun 2004
| IP: Logged |
Before the day begins The dynamics of an M&M To be clear, MM make money just like us. Below is how and why they are able to. So regardless of whether you are buying or selling, you need to know how they do it.
MMs make money from people in 2 ways. Fear & Stupidity. For a comparison, consider them like a car salesman. They make a commission on sales, period. In both cases, it doesn’t matter whether they have inventory or not. The car salesman can get his inventory (car) from another lot if he does not have it, and the MM can get his (shares) from another person. The problem for the MM, unlike the cars salesman, is he can “wait” to deliver his shares. The car guy can not. So how does the MM get this done?
They make money on the spread. Take for instance PBLS on 9/15/05. On a typical day of late, they make at least .001 on the spread minimum, and we will say .005 tops. Could be more. So for the entire day, we traded 46,617,352 shares. So at a minimum, they made $46,617.35. Of course that was until after lunch. In a few hours, they were able to increase that spread to at least .005 on that 15 million shares. That would be another .004 on top of the .001 which is $186,469.41 on JUST those 15 million shares. As you can see, that’s a commission increase of 300%. So how do they do it?
Actually pretty simple. Again, doesn’t matter whether they have the shares or not. You have a buyer and seller. What is supposed to happen is the MM buys the shares from the seller for say .127, and sells them to the buyer for .128. He then makes his .001. That’s pretty easy to understand. Now let’s say no one wants to sell. He now has a problem. He can either use his own inventory which has various pricing, or he can use the existing buyers and sellers. So what does he do?
We already said if the buyers and sellers match up, it’s easy. But if he doesn’t have inventory, he needs to “make the market”. He now can make the trade to the seller (some call it shorting since he is selling shares he does not have and has to cover later) by selling shares he does not have, in hopes of buying them from a seller at a later time. So he makes the sale. As hours and days go by, let’s just say it all works out. Both in the course of the day he gets those shares, and everyone is happy. So what happens if he continues to sell shares he does not have?
Now he needs to get them which is what you witnessed on 9/15/05. In simple terms, they started selling shares below the bid to cause triggers to be hit, and people to get distressed and sell. That simple. Once the triggers start getting hit along with the fear and panic sellers, he can open the spread to make more money. In this case, that .004 profit margin. So what can go wrong?
You might have heard of the SHO list. This simply means the MM did not make good on the transactions. He will, you can bet on that. So there you have it. If anything, look at the facts. There must have been a shortage of inventory for this to happen. Otherwise, the MM would have sold some of “his” inventory to make the market. So if you look at the data, it’s as follows. We have somewhere in the neighborhood of 159 million shares. Since 8/31/05 we have traded 376 million shares. SO going forward, and since the tide has shifted, you “could say” we need another 376 million shares traded for this event to happen again. It might and might not happen exactly this way, but it will be close.
In closing. When inventory runs out and NO ONE wants to sell, the MM will use whatever tactics he needs to get those shares he needs. So in the future, if you are a buyer, it doesn’t make much difference since you have no shares. Once you OWN shares, it’s a whole new ball game. If you can’t stand to see this event, and you KNOW your shares are worth a LOT MORE, turn off or walk away from the computer, and come back later. It really doesn’t matter to the MM what the price is. HE DOES NOT CARE. He does care however if he has buyers and NO sellers. His job is to MAKE the market. Everyone should be encouraged if by nothing else, shares are scarce. So in the future to protect your investment put a GTC order on ALL your shares well ABOVE the current price. DO NOT put a stop limit because when these events happen, they will take you out. THEY KNOW there are orders sitting there ready to be picked off. This is in reference to the “stupidity” part.
Have a great day, and relax. I firmly believe this companies PPS is worth a whole lot more than what it’s currently trading @. Why? First, because we had a shares shortage. That means people want to OWN the company. Second, they have plenty of work lined up for YEARS to come. They have the gravel pit, trucking company, pool company, and CONSTRUCTION company. They also have MANY deals ready to close SOON. As for a buyout? You would have to ask the CEO of the company about that. At best, it’s speculation.
PN
Posts: 85 | From: Greenville Texas USA | Registered: Jun 2004
| IP: Logged |
MMs missed getting the "legal" shares they needed when it went to .128. They then sold shares they did not have. They then "needed" to but those shares back to "complete" the "legal" transaction on paper. To do that they shall we say "motivated" posters AND painted the tape to start the cascade. Once it fell, those not knowing what to do, sold their shares for a loss. Those who knew better, and were in LONG before the price appreciation, are still sitting on a handsome profit even @ these levels, and can afford, AND KNOW to wait for the REAL price appreciation.
Posts: 85 | From: Greenville Texas USA | Registered: Jun 2004
| IP: Logged |
posted
What are some opinions on what this stock could do in the near future? Personally, without rehashing everything that has been said about PBLS, I think there is real potential here. (I know this is highly speculative, I'm just curious what the overall opinions are.)
Posts: 190 | Registered: Sep 2005
| IP: Logged |
posted
I don't know why the price has dropped so much so fast, but I have bought more and if I had more money I would own half the company at this price!
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Frown]](frown.gif)
