posted
jdg I agree. You aren't an investor if you can't stomach some uncertainty..but let's be honest it's time to start showing the investors some more of the puzzle. I think Paul knows this and the time is coming. I believe form 10 is a ways off still, but I think share structure information is about to become transparent soon enough. JMO.
posted
Well he has to be more transparent now the cat is out of the bag if he is not and he should post it now on his web site for all to see if he does not want the t/a to be bothered. I think that investores have a right to ask any questions they want on a publicly traded Co. that were after all it is your capital they need and use to grow with or go into business with. With out your money the can't go into business you own part of the company.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
Im not gonna say alot on the matter right now, for the fact we dont know the details..But, JDG I agree with your last post..Very well put!!
Bond, I know you read the other boards, and I respect you more than 99% of the people on this board, I dont understand how you are getting this worked up over it..If PA is still buying shares at .03, IMO he knows its a steal!! As with the increase in shares, they are completing acquisitions to complete the companies business plan, plain and simple...Increase of shares is a good thing during growth,acquisitions and development, IMHO.
GNU, I hope and think we are thinking clearly, I didnt get to watch the action and see the news til after work today, but I dont see this or the A/S as a bad thing...We need details, and like you said hopefully they PR it very soon..
My thought is that during all the acq's they have been doing lately they have drained their restricted share count...Having a possible large acquisition coming in the future, they needed the shares to negoiate. I am totally fine right now with the news, and the possibility of the A/S increase.. GLTA
Only the strong survive!!!
Posts: 381 | From: Cincy | Registered: May 2006
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posted
Macd, sad to see you leaving us for the time being..Gonna miss seing you round here, and all the DD you brought to the table!!! GLTY
Posts: 381 | From: Cincy | Registered: May 2006
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Posted by: tdieh03 In reply to: None Date:6/19/2006 9:06:00 PM Post #of 17285
Just a thought on today.
Suppose you were naked short selling this stock for the last few years from sub pennies to 12 cents and making darn good margins too! And it is a non reporting pink sheet stock that said it would be fully reporting by Q2's end . After all, 2nd quarter is here and nearly gone. Oh boy, you can just hear that short cash rolling in!
The company however, is getting to the point where their assets and business has grown exponentially in the last year due to a twist of fate, Katrina. Construction is booming, levees are being rebuilt pool building, trucking, you name it, they have it.
Oil and gas prices are going through the roof. Company sees this as another revenue stream where demand for this product is not going to decline in the next decade and decides that is a good fit with existing assets and PBLS acquires 3 drilling co's.
Problem is, common stock is not a clincher in the deal. Preferred shares are needed to close it.
IR Mike Mulshine supposedly says (I say this because I did not call him personally) the easiest way to issue preferred shares was to authorize another billion shares of stock of which 250 million would be used as preferred shares and most likely locked up for a period of years in the deal and the other 750 million common shares will also most likely sit in the treasury unissued. Nevertheless, in a pinch, they are available to the company for issuance.
PBLS will most likely be fully reporting later than previously thought as the complex nature of the business and ongoing acquisitions and financials are requiring more time than previously thought. A year ago, it seemed like plenty of time though that was before the Progas, United Soils and drilling co's that were/are being acquired. This mom and pop operation is now growing bigger and faster than anyone imagined a year ago. At least this is how I view it.
They know common stock shareholders will most likely react negatively to an increase in Authorized Shares which spells the dreaded dilution even if the acquired assets increase future revenues and profits in the next few years at a much higher rate. PBLS still is not borrowing from financial institutions and remains debt free.
Who will bail from this stock? Those that bought in in Feb when the price was .03? Those who bought sub pennies? Most likely they've taken some profit on their investment and have lots of free shares that they know are worth at least .03 per share.
And what about the shorts/MM's who keep pounding the share price down after each PR? PBLS would love to put them in a squeeze position. After all, naked shorters don't have stock certificates, they don't even hold the stock!
So here is the most recent PR regarding the buyback inclusion of a floor price for the nervous nellies of .03 and a squeeze on the shorts. IMO, MM's will have to take this to a much higher level to be able to make the same profit margins they have been use to.
posted
jdg, a more worthless post of pure Bravo Sierra would be hard to find. You on Pauls payroll, gaze lovingly into his eyes to fiest on his honesty,his goodness? lmao Doubling the A/S doesnt matter? They are planning on USING it, thats why they are DOING it!! doh!!! On the trader remark.Do YOU know the difference between a trader and an investor(long)? Anyone that INVESTS in a pink is suicidally stupid. But you know that going in to a pink, right? I sure do. And I dont give a rats patooey what you or Alonzo like or dont like. Period. Nothing you can do about it either.lmao But you sure seem to know an awful lot about what Alonzo "thinks".
gnu,SpecialK, we know virtually nothing about share structure. And they say very little. There may be only 3 mil restricted shares. But where's all the "money" coming from? Convertible debentures,warrants? Converted at what ratio? 1:1,10:1,100:1. Dilution is dilution and KILLS pps.As for needing shares for acquisitions, have they ever heard of something called CASH!!Hey, that would be using THEIR money,wouldnt it. Better to use ours. They've boasted about cash flow. Well,use it for that. Better yet,quit "acquiring" for a while.That just takes money OUT of the company.Well,look at the bright side, I'll be sucking air with the rest. How bout those guys with 160K & $200K in this. Anyone know if they live in hi-rise apartments?
On the lighter side,Bond, I'm mulling a road trip. Detonation New Orleans for a good old Oklahoma "flossin'". You can floss Pauls very ample six with bobwire, but I GET MULE SHINE.
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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posted
Oil, You are right on two things: 1. we dont know share structure, we know if/when the A/S is raised it will be around 2 billion shares... 2. is Dilution is Dilution, HOWEVER it does not always kill...It kills if the company uses it for useless expenses/scams and not for acquisitions and assets to complete a business plan...
Keep being the antagonist though, I like getting a different point of view...
Posts: 381 | From: Cincy | Registered: May 2006
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posted
I'm NOT being "the antagonist". Been in this far longer than 99% of YOU. I BELIEVED this was a "pink that could make it". I BELIEVED Pauls Dec PR where he SAID...all would be transparent, keep the investors informed...yada yada yada. Then,NONE of that happened. The Jan 8 "mistake", the TA gagged,all red flags. My skepticism grew. I voiced it here,was trashed (as I will be now),but,funny thing. Concern about share structure and the TA being gagged seem to be part of the "culture speak" here,now. funny. I'm not in "heavy",being a dreaded "flipper". Down to 30k shares. And I do try to see the lighter side of an otherwise grizzly/seamy "business". But jdg's spin that the increase A/S doesnt matter is just pure BS, and of course its a pink,so if you get fleeced its your own fault(the pumpers/scammers/nooget-eaters love that spin)just doesnt wash either. So,give yer best shot,I can take it. I think we ALL ought to go down there and have a "gang floss"!!! wwoooff wwoooff owwooooooo!
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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I can't really counter anything you have said. But I will say one thing and you will probably laugh or cry..no you'll laugh! Heck I would to. I have three words.
posted
Oil, Not here to trash you or any investor on the site, not my style...
I never post my flip/day trades on any board anymore, for I have not found any reason to, and dont want to be called a pumper for trying to help people make money...That being said this is the ONLY penny I feel confident in holding for more than a minute, that is why I post my thoughts on PBLS...I am still green and until I feel its a risky hold, im in!!!
Posts: 381 | From: Cincy | Registered: May 2006
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posted
For Ameritrade PBLS holders: I'm not selling before the explaination PR comes out but if anyone wondered how to get a certificate here ya go. Of course by the time you get the cert. (6 weeks) mail to PBLS and get your money (prob. another 6 weeks) there may be several aquistion PRs sending this well over .03. Who knows, financials may even be out by then. lol.
To request a stock certificate online, follow these instructions:
- Go to the Forms section, under Account. - Choose All forms from the drop-down menu. - Click Stock Certificate Request (web-based). - Complete and submit the online form.
A $40 fee is assessed for the physical delivery of the stock certificate.
If you would like the certificate titled in a different name, please submit a written request. This service, known as special registration, is available for a total $60 fee ($40 delivery fee plus $20 special registration fee). Special registration is not available in UGMA/UTMA accounts.
Delivery of certificates typically takes two to six weeks.
Thank you,
Julie J. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE, Inc.
Posts: 287 | Registered: Mar 2005
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posted
Well, I know. Hate to see people loose money.Been there,done that too many times. Especially those "heavy" investors.Thats like dumping barrels of blood off a certain New Jersey beach all day,then going for a night swim. oouuuccHH!My only fear is losing enough to be OUT of the game. I'm addicted to these POS adrenaline stocks,too.But I finally got smart enough to put most into slower big board swing trades and keep working on my trading skills. But,we shall see what we shall see,eventually, maybe? Gonna be an interesting next few days/weeks. CUL
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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posted
Rex in a dire circumstance I will drive to ameritrade and pick up my certs...and then buy a plane ticket to NO for a hand dilevery. I won't need to however. This is going to play out quite nicely in the end.
COVINGTON, LA, Aug 10, 2005 -- Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS) is very pleased to announce that in its ongoing efforts to support Phoenix stock and supply the best value for shareholders, President Paul Alonzo has decided to increase the amount offered per share for the unlimited repurchase of PBLS common stock to $0.0041.
Phoenix hereby offers to purchase your shares based on the following:
"1. PBLS will pay $.0041 per share for your stock. 2. Send your stock certificate via certified - return receipt requested mail to: P.O.Box 1358 Covington, Louisiana 70434-1358 3. With your certificate send a letter, in your own words, stating that you are selling the stock back to Phoenix for $0.0041 per share and that you request your payment on same within thirty (30) days. 4. Sign the back of your certificate as the seller along with your letter. 5. Phoenix will handle the ensuing paperwork and pay you for your stock within thirty (30) days of the receipt of your letter and your signed certificate." Mr. Alonzo also would like to inform all shareholders that Phoenix does not announce any acquisition prior to conclusion of the deal but in this case PBLS will inform shareholders that Phoenix is in different stages of acquisition with:
1. Pool Contractor - Indianapolis, Indiana 2. Pool Contractor - Cincinnati, Ohio 3. Pool, Spa, Leisure Product Retail Supplier - Dayton & Cincinnati, Ohio 4. Oil Company - Southeastern, U.S. 5. Construction Company (Site preparation) - Southwest, Louisiana
Other acquisitions are being looked at but are not at the level of interest or progression as those previously listed. Forward-Looking Statements
This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
For More Information Contact: Ron Blackburn (985) 845-4627
Mike Mulshine Osprey Partners (732) 233-3853
Posts: 381 | From: Cincy | Registered: May 2006
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Press Release Source: Phoenix Associates Land Syndicate
Phoenix Announces Stock Buy Back Program Monday June 19, 9:30 am ET
COVINGTON, LA--(MARKET WIRE)--Jun 19, 2006 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) today announced modifications to its stock repurchase program that it publicized back on April 26, 2006. Phoenix had previously announced a continuation of the stock repurchase program for an unlimited number of shares. Phoenix's Board of Directors has now clarified that the stock repurchase program encompasses the following components: (i) Phoenix shall repurchase up to one hundred million shares at a price of $0.03 per share of common stock, and (ii) all repurchases shall be effected in compliance with Rule 10b-18, promulgated under the Securities Exchange Act of 1934. Should you wish to participate in this stock repurchase program please:
1. Send your stock certificate via "Certified - Return Receipt Requested" mail to: Phoenix Associates Land Syndicate P.O. Box 1358 Covington, Louisiana 70434-1358
2. With your certificate send a letter, in your own words, stating that you are selling the stock back to Phoenix for $0.03 per share and that you request your payment on same within thirty (30) days.
3. Sign the back of your certificate as the seller along with your letter.
4. Phoenix will handle the ensuing paperwork and pay you for your stock within thirty (30) days of the receipt of your letter and your signed certificate.
Posts: 381 | From: Cincy | Registered: May 2006
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posted
Special k and gnulnx I don't think I am worked up You have a window of three to leave if you want to. If you want to ride you can do that we all know the companies asetts. This stock if given time will be worth more than .03 due we know the whole story the answer is no.We don't is what paul did wright no its a shade of gray. There is only one reason that an a/s gets bumped is a company is going to use the shares.I will wait and see what they say.But they should have made there case before hand and I still think if a company wants public money they should not refuse investor's the right of information after all they are the ones that give them the capital to grow and be in business. I will let paul do what he is going to do whith out further comment he is the one that sold us on a bill of goods and his morals I hope he lives up to his word if not then I lose but so does he look at plni amera trade will not trade his stock
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
???SpecialK?? Thats the Aug '05 buyback. ??? So they've made acquisitions. No financials, not even unaudited,that their accounting firm could EASILY produce, to verify acquisitions,revenues, profits,ect. We basically only KNOW a gravel pit exists,and some wells were drilled,because some people went there. What about all the promises of company transparency and honesty to its investors. THAT's what I've been concerned with. Does that make sense?
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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posted
Cactus, I was trying to bring the two buyback update PRs together and bring a chart showing what happened in august when the first of the two PRs posted was put out..For some reason it wont let me upload the chart!!!
Posts: 381 | From: Cincy | Registered: May 2006
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posted
Oil, you make plenty of sense..And the issues you bring up are the risks of this investment, for me I see the rewards...Transparency and Unaudited numbers should be out granted, but in their defense they have been "building" the company according to their business plan, and for me seeing pieces of the puzzle fall into place lessen the risk, and keep the reward high...STILL HIGH RISK, for MOD-HIGH Reward right now, no doubt
Posts: 381 | From: Cincy | Registered: May 2006
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posted
Well im done wasting the boards bandwidth tonight, just had some free time and wanted to post my opinion...Today has been the most interesting day in a while for PBLS...I havent seen this much action on all the other boards in a long time...
OIL is 100 percent correct we dont know anything its a pink, hopefully they clear some things up this week. If not the weak and fearful will get out, we will drop to the low .02s and start climbing back up again..
GOOD NIGHT AND GOOD LUCK!!!
Posts: 381 | From: Cincy | Registered: May 2006
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posted
good nite special hope we have a good day in the am thanks for all your hard work
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
K,agreed. Just feel we've been manipulated and lied to. The ends dont justify the means. And, hopefully,if truly on the up and up, not too much damage done. Going fully transparent,ungagging the TA would do wonders on restoring integrity.Lacking that,I have serious doubts they will ever become reporting and leave the pinks, r/s next. We shall see. Jest suffer fools and liars poorly. Tired of them telling me its raining while they pee on my boots.
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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quote:Originally posted by OILDOG: jdg, a more worthless post of pure Bravo Sierra would be hard to find. You on Pauls payroll, gaze lovingly into his eyes to fiest on his honesty,his goodness? lmao Doubling the A/S doesnt matter? They are planning on USING it, thats why they are DOING it!! doh!!! On the trader remark.Do YOU know the difference between a trader and an investor(long)? Anyone that INVESTS in a pink is suicidally stupid. But you know that going in to a pink, right? I sure do. And I dont give a rats patooey what you or Alonzo like or dont like. Period. Nothing you can do about it either.lmao But you sure seem to know an awful lot about what Alonzo "thinks".
gnu,SpecialK, we know virtually nothing about share structure. And they say very little. There may be only 3 mil restricted shares. But where's all the "money" coming from? Convertible debentures,warrants? Converted at what ratio? 1:1,10:1,100:1. Dilution is dilution and KILLS pps.As for needing shares for acquisitions, have they ever heard of something called CASH!!Hey, that would be using THEIR money,wouldnt it. Better to use ours. They've boasted about cash flow. Well,use it for that. Better yet,quit "acquiring" for a while.That just takes money OUT of the company.Well,look at the bright side, I'll be sucking air with the rest. How bout those guys with 160K & $200K in this. Anyone know if they live in hi-rise apartments?
On the lighter side,Bond, I'm mulling a road trip. Detonation New Orleans for a good old Oklahoma "flossin'". You can floss Pauls very ample six with bobwire, but I GET MULE SHINE.
I have never met Paul, but have talked to people who have and have listened to everything he has said in PR's, and the guy cares about his business and he cares about his shareholders. I know for a fact that he and his family own a substantial amount of shares. Now why would he screw investors when he is probably the biggest one? I am not defending the fact that he hasnt been completly transparent in regards to the share structure as well as other things. I am just saying give the guy a chance. Everyone is so quick to turn 180 degrees on this company when the 1st thing goes wrong just because it happens all the time with pinks. Well this isnt just another pink and we all know that. At least give it the rest of the week for them to clear this mess up. If they dont address shareholders before that then I will reconsider my position.
I will say that in a way I am very glad that this company isnt transparent, because if they were IMO we wouldnt be able to pick up a stock that is this undervalued. I just hope they eventually become transparent very soon.
Posts: 406 | Registered: Oct 2005
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posted
On another note...I dont see the form 10 being released by the end of June. A form 10 is huge undertaking espicailly when you consider the fact that none of their aquisitions like ProGas and Rome have never been audited so they have to piece together finacial records of all of those companies. I think it was stupid for PA to ever give a deadline for the form 10. I dont think he realized how long it would take. I do believe that they are working on it as fast as possible but i just dont think it was ever possible to get it done in time. I am long and will hold for a year if I have to. Just warning all the invesotrs not to panic if its pushed back.
Posts: 406 | Registered: Oct 2005
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posted
Take this for what its worth. Ron Blackburn returned a phone call and told me that there WILL BE PR'S tommorrow explaining the situation.
From what I can tell from speaking with the auditors the form-10 will not be completed by the end of June.
I bet tommorrow the TA will become UNGAGGED. We shall see. If it is and the PR'S justify the increase I will jump back in tommorrow or soon thereafter.
Big kahunas(or however you spell it lol) to all you guys that held today. The tape showed strong buying at .03 in the last hour of trading.
Posts: 539 | From: BIG D | Registered: Apr 2005
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