posted
PA is doing the usual leave shareholders in the dark, which he has been doing all along..getting sick of it but with the assets alone this company should be worth more...thats what keeps this in my portfolio...he has the power to let this go any day, only reason im still in..
Very surprised about not hearing any news this week, pretty F'ed up if you ask me..Paul has so much on the table to bring public but doesn't I dunno what he is waiting for..He isnt diluting bc if he wanted to he could make the price way higher to do that...glta
posted
I'm still here as well. The week panned out as I thought, buyers drying up a bit, stock slipping into the doldrums as the week went on. I added to my holdings and reduced my average buy-in price. I've hunkered down, holding what I intend to hold, if there's a spike, I may sell a little to cover some of the cost and then settle in for the next few years and wait. I'll sit tight, put the seat belt on, and hope that when the big players return next week that the roller coaster ride begins. Let's hear about profit, hear about shares, hear about the state of the drilling. Any of those will pull us out of the doldrums. Put an audited account on the table by year's end, and we could really be moving. There's more chatter on some of the other boards, but to varying degrees of usefulness. The year anniversay of Katrina also means there's a lot of folks out there who moved from the short term gains to long term gains when it comes to tax reporting, so on a spike, I expect some selling for those folks who are cashing in at less of a tax crunch and also to reduce their average share cost since PBLS was higher back then when many bought in. So any spike will indeed retrace, if for that reason alone. I'm no expert, but I don't see why that would not happen in my opinion.
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Dlaser, you are right, any spike will retrace 40-60 percent because right now there is no foundation to base a pps on.
They did give unaudited financials, well some of them and that did not work, once we get some numbers, it will spike hard and that spike will retrace some but stay alot higher than any spike prior...
What I dont get is what do the companies selling to us get to see that we dont. I know that a company like best jets, would not take all the stock options from us, if they did not see something on paper that was backed up by the number crunches...Paul can pull the switch when he wants, but aslong as we are down here, he better be buying the crap outta shares to atleast do something to help out the run when it comes...
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I honestly thought that Thursday or Friday the uptrend would resume to take us to higher levels. I was wrong. I will give it till Tuesday or Wednesday at latest to resume the uptrend. If it does not it is my opinion that PA is diluting the stock as the 750 million authorized has not be PR'D as retired to the treasury.
December of last year it was PR'D that the share structure would be available on multiple websites if my memory is correct,( it seems the PR has been removed from yahoo finance as I cannot find it, I must learn to save all PRS on my computer, lol) I have seen nothing on pinksheets.com or any other site stating the share structure of PBLS. Not bashing at all as I believe PA has good intent. But no Form-10 and no share structure at this point is really disappointing. The chart told me that the PPS should have risen considerably no later than today. As I said I will give it a couple more business days to see if my timing was a little off. If not PBLS will be no interest to me.
posted
Im still here and am looking forward to a spike. Right now PBLS is a pink flippers dream. Bottom feeders are watching this close and I would agree a big spike will be followed by a healthy profit taking sell off, followed by pr's to bring the pps back up. Its just a matter of when PA wants the pps up. When pbls stops buying and the cash comes into those who sent in thier certs it will be time to stop making a mole hill out of a mountain
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posted
MACD, I think/hope our timing was off by a few days..will find out this week!!
Like Bond said, the market will correct this, now when is the question...I say "soon" lol
I think PBLS has enough PR's to give us 2 a week from now til the end of the year, why they dont give us them is beyond me...I would like to hear about a buyback completion of the 100 million shares with a continued buyback..that would get the price moving some!!!
Lets have a good week and enjoy the maimi V FSU game!! GO CANES!!
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Not much to add. Just sitting and waiting. Mac I hate to hear that you thinking about bailing, but I do understand. I'm still thinking we arn't going to do much until the start of next year. Jan-Feb is what I'm thinking. Sounds like they have a couple more large aquisitions to finish and then they will open up and show the world what they have. THANK GOD!
Just remember that if PBLS was fully reporting and totally transparent you wouldn't be buying it under 20 cents.
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No. It's 4.7 years 5 dollars now. And yeah I still think it's possible. I've got the value of the company pegged at about 30 cents right now. Several people I know have pegged it to about the same level. Heck I won't lie 5 dollars is pretty darn ambitious, but 4.7 years is a long time. I think we get audited numbers in Jan-Feb. If the numbers turn out to be what I believe then it will be game time.
Like I said I believe we are worth about 30 cents right now. So if we manage to move off the pinksheets by next summer and we hit oil in WY or NV what do you think will happen? I think we move above 1 dollar by the middle of next summer. From that point on it will be up to management to continiously increase the profits. I've been told that the main aquisition phase should be done in the next few months. I've also been told that management has evey intent of getting the OS down fo about 500 Mill.
As hard as it is to watch this stock keep going down just remember that Paul, Ron, John and others all have a lot of stock in this company. It's in their best interest to get the pps up. Also remember that they can see what we don't. For instance they can see the number of shares they are buying back. What about the companies we aquire with stock? Don't they have to see somthing that we don't?
Yeah I'm holding this one for awhile. If it is a scam it's going to be one of the greatest scams of all time.
posted
Gnu and others...Do you know anyone on the other boards or other means of contact that have emailed or talked to best jets about the deal at all...It looks like on their website that they wanna be a major player in the domestic and international corporate aviation business..Just wondering if anyone has asked what is being changed and if we actually have some of our own planes!! TIA
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posted
Special I don't know much more about the BestJets deal than what we got in the pr's. It sounds like the bought the company for the fueling stations. they believe they can go from 17 mill to 100 mill by combining BestJets and ProGas. We shall see!
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The Good: 1) PBLS is sitting on 800 acres of sand and gravel that was estimated at 300 Mil years ago. The original timeframe for depletion was 30-35 years. It was recently announced that depletion would happen in about 8 years. Many of us believe the pit could be worth 2-3 times the original appraisal. However even assuming the original value we get 300 * .15 /8 = 5.625 Mil profits pers year. This alone is worth 5.6 cents per share.
2) The company has 20 wells ready to start drilling. In addition we own a few key oil and gas companies: Rome Oil and Gas Company, Mid-South Resources, Inc., ProGas, Inc., Sams Oil Country Inspection, CM Ideal Energy, Ideal Energy Directional Drilling.
In addition we recently purchased BestJets. While BestJets is multifaceted business the most intriguing part is the fuel distribution portion which lays claim to 600 fueling stations throughout north and south america.
ProGas is an oil an gas broker. Best Jets has a fuel distribution business....?? It doesn't take much to put 2 and 2 together to see the potential here. Paul stated that Best Jets would immediatly provide 17 Million of net income. He also stated that he believed the combination of BestJets and ProGas could result in 100 Mill worth of income. Now the part that I'm confused on is the net income. Did he really mean revenue? Because if he truly meant income then that's 1 dollar for a fair value right there.
Also note that Paul stated on several occasions that he believes PBLS may very well be positioned to do 1 billion in revenue by the end of 2006 for the oil and gas divisions alone. Personally I think it is unlikely at this point, but it does appear that this number may very well be possible for 2007...of course with the addition of Best Jets who knows.
3) The company is constantly buying back shares. This alone shows that the company believes the stock is undervalued to the point that they simply cannot find a better way to spend money. Sure the company sold a lot of shares during the Katrina spike. Wouldn't you have? Selling shares is not a bad thing when you seize the opportunity...which is exactly what Paul did. Now the price is plummetting again and Paul is actively buying the shares back.
Think about that for a minute. They were able to raise several million dollars off the backs of Hurricane flippers by selling shares. PA used this money to grow a very diverse and profitable holding company. Now the pps is extremly low and the company is able to use PROFITS to repurchase the shares. So in essence PA has used the money from hurricane flippers to greatly expand operations and when it's all said and done the increased profits will be directly applicable to shareholders assuming they get the OS back down to pre-Katrina levels. That is however a big assumption. But we don't have to get all the way back to pre-Katrina levels for shareholders to have increased value. In fact dollar for dollar shareholders almost certainly have more value per share then before....just don't look at the chart!
4) Investor testaments. Several investors have visited the various sites on several occasions and all attest to the fact that PBLS is a real business. This alone speaks volumes. I have personally talked with Ron Blackburn. Yep PBLS is a real business with real assets...reall assets to the tune of about 88 Mill. Yep folks that's right..based on assets alone we have a fair value of 8.8 cents a share.
5) Money is finally starting to pour into the NO area for reconstruction. This is great news for out 3D builders division. They will no doubt show a slow year right after Katrina, but 2007 should be a huge boom for that division.
6) In the words of Paul himself: "I'm a large shareholder. The only way I make any real money is by getting the pps up."
The Bad:
1) Missed date for form 10. 2) Gagged TA...this one pisses me off the most! 3) pps...holy cow look at the pps! 4) "very soon" -- no need to say more 5) The short selling cert thing is leaving a bad taste in my mouth.
Basically the bad boils down to 2 things: 1) secrecy 2) shareholders feeling misled
The bad can be corrected by management opening up to investors. I do understand that the plan at this time is to finish aquisitions and buybacks, but the company needs to realize that no new investors will be coming on board until we get total transparency...period. Even companies like TNOG have the OS on the web site...oh and Paul promised us that so many times it makes my head hurt...very soon I tell ya.
The Ugly: 1) AS increased to 1.75 Bill and no shares retired!! Come on Paul...you need to address this issue. I'm pretty sure I see your plan, but that doesn't change the fact that my account value is droping everyday due to the perception you are creating with this company. If I'd known you were going this route I'd would've waited to invest my money so as to buy more shares!
Well I'm sure everyone can add to all these points. However my point is every long that is feeling ansy should go through this process themselves. If at the end you believe the good out weights the bad and the ugly then it's a keeper. There is no doubt in my mind that I will eventually make a lot of money on PBLS. There is no doubt in my account that right now I've lost a fair amount of money. I'm personally still looking at this as a 3 - 5 year hold. Actually I'm not even going to put a date on it. I'm planning to hold until I believe we have reached a fair value. Right now I believe fair value to be about 30 cents...give or take 15 cents. If aquistions are finished up by the end of 2007 then there is no reason why 2008 can't be the year we trade well over 1 dollar. I know that's a long time to hold a pinksheet company, but hopefully sometime in early 2007 we will become fully reporting and move to the OTC:BB. And who knows there may be a few suprises along that way such as much smaller OS, oil, and higher profits that are capable of catapulting the pps over a dollar in the next 6-12 months.
We are getting very close to being a billion dollar a year company. A billion dollar company that trades on the pinksheets that no one trusts. Wow. How big will our reward be if we are right and Paul releases the numbers we have been promised and everyone starts to trust?
Sorry to have bored everyone with that long post. Just ridding myself of the PBLS anxiety problems.
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posted
GNU when the buyback is done, I think we will see a possible retirement of some or all of the increased common shares, and that would make a nice boost to the pps..IMO
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The Good: 1) PBLS is sitting on 800 acres of sand and gravel that was estimated at 300 Mil years ago. The original timeframe for depletion was 30-35 years. It was recently announced that depletion would happen in about 8 years. Many of us believe the pit could be worth 2-3 times the original appraisal. However even assuming the original value we get 300 * .15 /8 = 5.625 Mil profits pers year. This alone is worth 5.6 cents per share.
2) The company has 20 wells ready to start drilling. In addition we own a few key oil and gas companies: Rome Oil and Gas Company, Mid-South Resources, Inc., ProGas, Inc., Sams Oil Country Inspection, CM Ideal Energy, Ideal Energy Directional Drilling.
In addition we recently purchased BestJets. While BestJets is multifaceted business the most intriguing part is the fuel distribution portion which lays claim to 600 fueling stations throughout north and south america.
ProGas is an oil an gas broker. Best Jets has a fuel distribution business....?? It doesn't take much to put 2 and 2 together to see the potential here. Paul stated that Best Jets would immediatly provide 17 Million of net income. He also stated that he believed the combination of BestJets and ProGas could result in 100 Mill worth of income. Now the part that I'm confused on is the net income. Did he really mean revenue? Because if he truly meant income then that's 1 dollar for a fair value right there.
Also note that Paul stated on several occasions that he believes PBLS may very well be positioned to do 1 billion in revenue by the end of 2006 for the oil and gas divisions alone. Personally I think it is unlikely at this point, but it does appear that this number may very well be possible for 2007...of course with the addition of Best Jets who knows.
3) The company is constantly buying back shares. This alone shows that the company believes the stock is undervalued to the point that they simply cannot find a better way to spend money. Sure the company sold a lot of shares during the Katrina spike. Wouldn't you have? Selling shares is not a bad thing when you seize the opportunity...which is exactly what Paul did. Now the price is plummetting again and Paul is actively buying the shares back.
Think about that for a minute. They were able to raise several million dollars off the backs of Hurricane flippers by selling shares. PA used this money to grow a very diverse and profitable holding company. Now the pps is extremly low and the company is able to use PROFITS to repurchase the shares. So in essence PA has used the money from hurricane flippers to greatly expand operations and when it's all said and done the increased profits will be directly applicable to shareholders assuming they get the OS back down to pre-Katrina levels. That is however a big assumption. But we don't have to get all the way back to pre-Katrina levels for shareholders to have increased value. In fact dollar for dollar shareholders almost certainly have more value per share then before....just don't look at the chart!
4) Investor testaments. Several investors have visited the various sites on several occasions and all attest to the fact that PBLS is a real business. This alone speaks volumes. I have personally talked with Ron Blackburn. Yep PBLS is a real business with real assets...reall assets to the tune of about 88 Mill. Yep folks that's right..based on assets alone we have a fair value of 8.8 cents a share.
5) Money is finally starting to pour into the NO area for reconstruction. This is great news for out 3D builders division. They will no doubt show a slow year right after Katrina, but 2007 should be a huge boom for that division.
6) In the words of Paul himself: "I'm a large shareholder. The only way I make any real money is by getting the pps up."
The Bad:
1) Missed date for form 10. 2) Gagged TA...this one pisses me off the most! 3) pps...holy cow look at the pps! 4) "very soon" -- no need to say more 5) The short selling cert thing is leaving a bad taste in my mouth.
Basically the bad boils down to 2 things: 1) secrecy 2) shareholders feeling misled
The bad can be corrected by management opening up to investors. I do understand that the plan at this time is to finish aquisitions and buybacks, but the company needs to realize that no new investors will be coming on board until we get total transparency...period. Even companies like TNOG have the OS on the web site...oh and Paul promised us that so many times it makes my head hurt...very soon I tell ya.
The Ugly: 1) AS increased to 1.75 Bill and no shares retired!! Come on Paul...you need to address this issue. I'm pretty sure I see your plan, but that doesn't change the fact that my account value is droping everyday due to the perception you are creating with this company. If I'd known you were going this route I'd would've waited to invest my money so as to buy more shares!
Well I'm sure everyone can add to all these points. However my point is every long that is feeling ansy should go through this process themselves. If at the end you believe the good out weights the bad and the ugly then it's a keeper. There is no doubt in my mind that I will eventually make a lot of money on PBLS. There is no doubt in my account that right now I've lost a fair amount of money. I'm personally still looking at this as a 3 - 5 year hold. Actually I'm not even going to put a date on it. I'm planning to hold until I believe we have reached a fair value. Right now I believe fair value to be about 30 cents...give or take 15 cents. If aquistions are finished up by the end of 2007 then there is no reason why 2008 can't be the year we trade well over 1 dollar. I know that's a long time to hold a pinksheet company, but hopefully sometime in early 2007 we will become fully reporting and move to the OTC:BB. And who knows there may be a few suprises along that way such as much smaller OS, oil, and higher profits that are capable of catapulting the pps over a dollar in the next 6-12 months.
We are getting very close to being a billion dollar a year company. A billion dollar company that trades on the pinksheets that no one trusts. Wow. How big will our reward be if we are right and Paul releases the numbers we have been promised and everyone starts to trust?
Sorry to have bored everyone with that long post. Just ridding myself of the PBLS anxiety problems.
Great Post!!! OK PBLS, Time to start reporting. Get us out of pinky land.
fly
-------------------- don't sweat the small stuff.
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I agree. I think the 100 million shares has been bought back. But I think they might buy more share still. Anyway we have a promising start to the day.
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Retired_insider I have more funds on the way. I bought some at .012 a week or so ago....thinking i might get a chance to do that again. Unfortunatly with tdameritrade I likely won't be able to buy more until next wensday.
I think there is going to be one more attempt to shake people out before we head higher....
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posted
Time is what is going to give a person big returns on this stock.
I did dd on this stock like crazy what Pauls says is the truth and some investor's went to La. and proved it.
The sad thing is the lack of promotion skills on the part of the people running it. They are the ones at this time that don't need a high pps they just need an undervalued stock to sweeten there deals.
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Enjoyed the post on the good, bad, and the ugly. As I mentioned in a prior post, the oil piece seems a bit more speculative to me (a potential bad item) and I would like confirmation from PBLS that something is bubbling up from their leases, Jed Clampett style.
Also saw one of your posts on another board regarding this being a ticket out of corporate america. I'm with you there, as are three others at my office. If we hit big on this, one year out, two years, whatever, we'll be heading to New Orleans to celebrate - maybe with a Phoenix tatto on our lower backs (The Phoenix Rising from the A**es as my friend put it). I say a party in the French Quarter is in order if this baby runs - I've got the first round!
I agree, volume lately indicates a lull in buy-back activity, so perhaps a Pr on that can't be too far behind!
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