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I haven't heard anything "precisly" about a date, but I know some people have the feeling that finacials will be out this year. I personally think we are looking at Feb or so. It's hard to say. I talked with Ron last week and he said they were basically done with aquisitions "unless" something big landed on his lap. It is worth mentioning that they have had other companies approach them about aquisitions.
Not really the answer you were looking for, but I guess it helps. If you are interested in talking with someone other than IR, then I suggest calling the company direct and being as polite as possible. I had someone else get me hooked up with Ron...I have only talked to him twice...and don't plan to talk to him again until I visit the company in Nov. Basically Ron and other mangement are there for one purpose...build a solid company. Mike Mulshine (Who is very nice IMO) is the person that you should talk to. For what it's worth you won't get any insider information from Ron or other people...what I did get was their sentiment...and I can say that was good. Ron believes this company is going to be very very rewarding for himself and those that stick around...give it a couple of years IMO.
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I don't blame you special I would be interested at this point. I myself have started a buying program now I hope by the end of the year to have a good amount. So many things could happen
The increase in the a/s was good it was needed and that makes me feel beeter as to the possibility of a r/s that won't be needed now.
To be honest I can see for a long term play spin offs happening but that is far in the future. And just me musing a bit. gltal long and strong pbls
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This was very good news. They went into debt on several projects. More equipment to get dirt out and now this test equipment. Together about 7 million I guess.
Looks like they could pay the debt first year if they wanted.
I am waiting for the big news. One pr said the best Jets deal was medium. I am ready for the big news now.
If more big contracts are coming hang onto your hats.
I think the above poster who said this deal is worth more than the market cap says a lot about the potential.
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Bond, good to see you still feel good about this one.. I still feel real good about this pinkie...I added a lot around .013 which helped out my position....
This stock is no doubt worth more than what it is at plus some(alot)...
I also have a gut feeling that the T/A will be ungagged soon, being around a month or soo since the acquisitions are done, and we are starting to get some big name contacts and contracts!!
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I get the feeling that he oil side of things is not going to happen until we find teh right partner. Next summer perhaps? Who knows. I'd just as soon see them get everything they have together right now and start showing some profitability.
Best Jet Subsidiary Announces Major Contract with Boeing’s Aviall, Inc. Phoenix Associates Land Syndicate (PBLS) is a diversified holding company that recently announced the acquisition of 80% of Best Jets Group of Companies, which includes the following: Best AeroNet, Ltd., Best Jets, Ltd., Best Jet Parts, Ltd., Best AeroNet Aviation, Ltd, Jet Makers, LLC, Peaks Aviation Services, LLC, Butterfly Cove Holdings, LLC, Artist Air Ltd, and Pillar, LC. The Company paid $4.5 million in cash, 3 million shares of restricted common stock, and stock options on 15 million shares of common stock vesting at the rate of 3 million shares per year for 5 years. Additionally, the three owners have signed 5 year employment agreements with Phoenix. According to a press release Thursday, Best Jets has signed a contract with Aviall, Inc., a Boeing subsidiary, to refurbish 133 GE J85 turbo jet engines.The J85 turbo jet engine powers the T-38 military jet trainer as well as several other models of aircraft operated by the US military and scores of foreign governments. Best Jets’ work scope on the 133 engines begins with disassembly, followed by cleaning, inspection, categorizing, repairing, tagging and drop shipping parts directly to Aviall’s customers. Some engines will be overhauled or repaired, tested at Best Jets’ Test Cell and returned to service. According to a company representative today, the expected revenue over the life of this contract is estimated to be between $30 million and $40 million. The Company also indicated that this is the first of many anticipated contracts. Phoenix has declined to release any detailed financial reports, but the Company did disclose that its revenues have increased in the range of $465,000 in 2004 to $165 million in 2005. A representative of the Company also indicated today that Phoenix plans to begin filing its quarterly and annual reports and become a fully reporting company in the near future.
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Yesterday's volume should have triggered a lot of trading systems. That combined with good news makes me believe that more money will be flowing in here today. Hope I'm right..
quote: A representative of the Company also indicated today that Phoenix plans to begin filing its quarterly and annual reports and become a fully reporting company in the near future.
quote: Best Jets Engines, Inc. is currently negotiating a large contract to bring in a large number of the J85 engines for storage, disassembly, inspection and rebuild. This contract is projected to take 3-5 years to complete.
quote: 2007 revenues of 10 million
If it takes 4 years at 10 million per year = 40 million total. Good guess?
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The kind of press we've been needing! FINALLY!
This article was posted on RB by Bullwriter, it was published in the local newspaper.
Best Jets to add a partner By Joyce Godwin Herald Democrat
Best Jets, one of the fixed base operations at the Grayson County Airport, introduced its new partner to the Grayson County Airport Board Thursday and announced plans for new jobs in the county.
Representatives of Phoenix Associates Land Syndicate, Paul Alonzo and Ron Blackburn, were on hand at the board’s meeting with Best Jets’ Roger Humiston, who explained the merger happened so fast, there was hardly time to tell anyone it was happening. Humiston said Phoenix has been one of Best Jets’ customers and during their association, said they were interested in buying into the Best Jets’ network. Humiston said, Phoenix is now an 80-percent partner.
“One thing they’ve done is put a lot of cash in the development of our business to let us do all the things we started out dreaming about,” Humiston told the board. “We’ve ordered the engine-test cell just in time for a contract for 131 military engines. From Kate’s (Kate Woolstenhulme, Humiston’s partner and wife) and my standpoint, we are pleased as punch. We are really excited now to have the financial backing to do some really big things over here.”
Alonzo and Blackburn both expressed excitement over being in Grayson County. “We are very impressed with Roger’s operation,” Alonzo said. “In short, we are going try to make their dreams come true and make this something exceptional for this area. We plan to bring in more jobs and we’ll be going after other contracts to bring more employment into the area.”
Alonzo added, “We have put a lot of companies together around the country. Frankly, this is one of the most exciting ventures I’ve been involved with.”
Blackburn said his position with Phoenix is mostly involved with acquisitions. “Paul runs the company,” he said. “My opinion (of the Best Jets network) was, if somebody didn’t get this deal, another somebody would because they were at the point where they have a fabulous idea.
“We are into natural gas heavily and buy at the well head to resell.” Blackburn said. “Their fuel division immediately caught my eye. We are helping them start to grow to the point we have already made some big boys mad. They know we are coming after them.”
The Best Jets network of companies includes a group that helps pilots save money on fuel purchases based on Humiston’s own experiences through piloting jets. The company also refurbishes jets, both the interior and the engines; it maintains time-share or partnership jets; and also furnishes charter jets, to name just a few of its services.
Blackburn told the board, 25-30 highly skilled jobs will be added to the engine plant in the near future. “We want them to re-manufacture at least 18 aircraft per year” he said. “It will circulate a lot of money through this community. We expect to expand past the Falcon 20 to market bigger planes as well.”
In a personal interview following the meeting, Alonzo said his company has an unusual business philosophy. “We only do business with people we like,” he said. “Some people may think that is backward, but that’s the way we are and it works for us well.”
Phoenix Associates Land Syndicate is publicly traded as PBLS. Since 1978, the company has developed assets in aviation, sand and gravel, soil products, land development, oil and natural gas, commodity brokering and more. The company’s Web site may be found at www.pbls.biz.
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real: you and me both man. I'm thinking we are going to be heading up a good bit higher. Ron's aggresive side comes out in the pr to. the firts time I talked to him that was what I like best...He's a competitive person by nature. That's good for this kinda business IMO.
"We are into natural gas heavily and buy at the well head to resell.” Blackburn said. “Their fuel division immediately caught my eye. We are helping them start to grow to the point we have already made some big boys mad. They know we are coming after them.”
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Persia that is my favorite part as well. You gotta be competitive to survive in the business world and my impression from talking with Ron twice now is that he is a very competitive man.
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actually I think this kind of news is better discovered on it's own.
The company I work for is in the news all the time and we don't go announcing pr's about it. Pr's should be for business related matters IMO. I'm still pretty sure it will move us higher today.
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