Yep. I was confirming what NC Rookie from Ihub said. I was told the new firm was absolutly going to be helping with the Form 10 filing. IR wasn't sure if a full time employee would be dedicated to the task or not, but they had no reason to doubt this information.
You probably won't like my guess. Oct-Dec. Maybe as soon as August. I think these things take time and I also think the company is trying to finish up aquisitions and such before the filing.
My thoughts are this. PBLS is acting like a pinksheet company. However I know they are real because I have talked to them and others have gone down there.
In my opinion Paul and Ron are trying to maximize THEIR gain. In order to do this they are keeping a lot of things under wraps so they reduce the share count, and make the proper aquisitions. When they feel the time is right they will become fully reporting and make an exchange change.
Paul and his wife have roughly 100 Millions shares. The best way for Paul to cash in is to take PBLS to a much larger exchange and grow this thing. I can wait as long as Paul.
I'm disappointed that the company isn't providing the information we all want, but in the end I am pretty sure it's going to be worth it.
posted
NEW ORLEANS, LA, Jul 19, 2006 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (PINKSHEETS: PBLS), 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, announced today that Rome Oil & Gas, a subsidiary, has applied for and received a drilling permit for a 7,500-ft wildcat well targeting Dakota on the southwestern flank of the Powder River Basin.
The Company indicated that the drilling site is about 29 miles northeast of Casper and that the 333-1 Carolyn-Federal, lot 2 (nw ne) of irregular section 1 of township 36n-78w, Natrona County, is about a mile southwest and south of Dakota oil production at about 7,300 ft in Sage Spring Creek field. It is about one and a half miles northwest of Sage Spring Creek South field, another Dakota pool.
John Barksdale, President of Rome Oil & Gas, said, "We are making progress on our Natrona County, Wyoming lease holdings and while we have not yet set a date to start drilling, we are pleased that we now have the drilling permits in place."
Mr. Barksdale added, "While we can not yet put hard numbers on the potential for this drilling site, we are encouraged be the success of other drilling that has occurred in close proximity to these leases. As we said in an earlier release, consultants to the Company, John J. Wanner C.P.E. and James O. Breene, Jr., Geologist, through communication and research, have estimated that our reserves could be in excess of 8,100,000 barrels minimum and 13,100,000 barrels maximum. At $60 per barrel, such reserves could yield a valuation of $486,000,000 minimum and $786,000,000 maximum."
Posts: 1097 | Registered: Jun 2005
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posted
Still here wondering if they have contracted or are acquiring a drilling outfit for their permits. More transparency needed BIG TIME.
Good news that most of us already knew, but not nearly enough.
RETIRE THE FREAKIN 750 million COMMON SHARES THAT YOU JUST AUTHORIZED AND YOU MIGHT GET SOME BELIEF BUILT BACK INTO OUR COMPANY PAUL/RON. WE UNDERSTAND THAT YOU NEED THE PREFERRED SHARES FOR ACQUISITIONS BUT WE NEED TO KNOW THAT YOU GUYS ARE NOT DILUTING!!!!!!!
AND GIVE US SOMETHING, ANYTHING AT ALL WHY THE FORM-10 WAS NOT RELEASED BY THE END OF JUNE PLEASE AS YOU SAID IT WOULD BE!
Posts: 539 | From: BIG D | Registered: Apr 2005
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posted
Phoenix Announces Order for 2.5 Million Cubic Yards of Material Thursday July 20, 5:30 am ET
Material From the Company's MS&G Mining Site in Pearl River, LA Will Go to the US Army Corps of Engineers Through Second Tier Contractors
NEW ORLEANS, LA--(MARKET WIRE)--Jul 20, 2006 -- Phoenix Associates Land Syndicate (Other OTC:PBLS.PK - News), 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, announced today it has received an order for 2.5 million cubic yards of material from its Murphy Sand & Gravel (MS&G) mining site in Pearl River, LA. ADVERTISEMENT
The Company indicated that this order was placed through United Soils, Inc. of Ray, Michigan, and will be processed through MS&G under a new Phoenix trade name United Soils of Louisiana, and will be filled in 35 - 45,000 cubic yard releases that will go to the US Army Corps of Engineers via second tier contractors.
Paul Alonzo, President and CEO of Phoenix Associates, said, "This is by far the largest single order for product ever received at the MS&G site. We at Phoenix look forward to working with our friends and associates at United Soils, especially Ron Omilian, their President."
Ronald C. Omilian, President of United Soils, Inc., stated, "This is just the first of many orders to come over the next several months and years. Our market in the Greater New Orleans and Gulf Coast region is enormous."
Mr. Alonzo commented further, "We find it very interesting that after Hurricane Katrina our shareholders envisioned huge growth of our Murphy Sand & Gravel operations, they just didn't realize that they were nearly a year early in their speculation."
About Phoenix Associates Land Syndicate (PBLS)
Phoenix Associates Land Syndicate (PBLS) is a public holding company, with hundreds of stockholders, that has purchased motivated companies in order to enhance its assets and income basis. Since 1978, PBLS has developed 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. For more information, visit www.pbls.biz.Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005
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I don't know about you, but I bought into PBLS because of the NO reconstruction. The oil is a bonus if they pull it off. 2.5 Million Cubic yards is a freaking lot of gravel.
Also just to be clear it's going to be a while before you see a Form 10....several more months. Perhaps december. They changed firms and it sounds like the new firm has a lot of work to do yet.
This is without a doubt the biggest pr since I bought in a few months ago. Will it move the price? Yeah most likely it will....also there are some very big things in the works. Hold on and be patient. 5 years 5 dollars...that's not a joke....or an exageration.
Posts: 1443 | Registered: Apr 2006
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posted
I really wanted to see this PR I wanna see money Lots of money being made directly from the pit where the highest profit will be made Yup This is Cool Called ROI
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
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posted
Persia I totally agree. The change of firms may make that happen for us. Until then assume it is 890 mil....That is what Ron Blackburn told me to assume yesterday. He also said the company IS going to be buying more share back on the open market...probably next week.
realperson....yup. This is the pr i've been waiting on.
posted
Why next week? Next week, it will be trading back in .030's You should buy back now in the .020'
Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005
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quote:Originally posted by Persia: On vacation? LOL You're right about the 2 and 3 cents though.
Its best for us to buy before they buy makes sense to me. I dont wanna buy in the 3's
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
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posted
half a cubic foot of river gravel is selling for about $3.50 retail (through a Lowes or home depot). Even on the low end, of a dollar a yard, that's still 2.5 mil. The other interesting comment is the reference to the speculation of a year ago when the stock ran up post-katrina, as it looks like they want to capture some of that magic back.
Posts: 17 | From: US | Registered: Jul 2006
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'I paid $15/yard for 18 cu. yards in Fl, but I am sure that there was a discount for 2.5 million yards. Not sure what they would get and it is too bad they did not put a monetary value on the deal.'
Posts: 749 | Registered: Aug 2005
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posted
NEW ORLEANS, LA, Jul 20, 2006 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (PINKSHEETS: PBLS), 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, announced today it has received an order for 2.5 million cubic yards of material from its Murphy Sand & Gravel (MS&G) mining site in Pearl River, LA.
The Company indicated that this order was placed through United Soils, Inc. of Ray, Michigan, and will be processed through MS&G under a new Phoenix trade name United Soils of Louisiana, and will be filled in 35 - 45,000 cubic yard releases that will go to the US Army Corps of Engineers via second tier contractors.
Paul Alonzo, President and CEO of Phoenix Associates, said, "This is by far the largest single order for product ever received at the MS&G site. We at Phoenix look forward to working with our friends and associates at United Soils, especially Ron Omilian, their President."
Ronald C. Omilian, President of United Soils, Inc., stated, "This is just the first of many orders to come over the next several months and years. Our market in the Greater New Orleans and Gulf Coast region is enormous."
Mr. Alonzo commented further, "We find it very interesting that after Hurricane Katrina our shareholders envisioned huge growth of our Murphy Sand & Gravel operations, they just didn't realize that they were nearly a year early in their speculation."
Posts: 1097 | Registered: Jun 2005
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JUst to clarify. That's between 30-50 Mil Revenue and at 5% profit margin that's 1.5 - 2.5 mill profit. I'm betting closer to 50 Mill revenue and about 10% profit margin.
Also this is only the first announcement...there are more to come.
Load up people..the train is leaving the station.
Form 10 is still a few months off, the OS is less than or equal to 890 Mill, the company is going to buy more on the open market. PLBS is the bargain of a lifetime. If you are waiting on form 10 to buy this stock you are making a very big mistake.
5 Years 5 dollars...don't bother marking this post...I'll remind you all periodically!
BTW. bond...were have you been man! thanks for getting me started on PBLS.
posted
Gnu I have been here and I still have a position I think you are right just not following it every day I have other stocks that need my attention this is money in the bank
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
bond: I agree it's hard to watch it every single day. I'm very long on this one. I've talked with IR and the company several times now. I feel very confident that the company is going to do everything in it's power to grow this company into a multi billion dollar a year company.
posted
Hey guys... I've been around. Great to see PBLS revving its engine. To tell you the truth, with news like this, as well as the .03 buyback, I'm surprised we're not having more volume than this. Any ideas why?
posted
Its just not going to have its day until something new and substantial comes out, market already knew about them selling tons of material to the Corp so news today I can't see as being a boost.
-------------------- Fred [IMG]http://renegade.iconlabs.net/images/tek.gif[/IMG] Posts: 1097 | Registered: Jun 2005
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posted
stick I think you are wrong. It is big news...and it's going to get a lot better from here on out. We are not going to see Form 10 for a few more months, but the pps is going to be higher than it is now even before then. IMHO.
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