posted
I think 1-2 months is to small of a time frame...but I'll give you my best case and worst case.
Best case 3-4 cents worst case half a penny.
Of course I have no clue one way or the other. I just know that the current market cap is less than the last deal that went through BestJest. I also know that a conservative price based on book value alone is about 10 cents. It is flat out the most undervalued stock on the pinksheet markets at this time. If you are a value player in the pinksheets you really can't go wrong with a purchase at these prices. My average is 3 cents, but I have picked up more in the .012 range.
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That was a very good article IMO...Got some good information out of it about the company and where it is headed with best jets...
I would say 1-2 month time range is .02-.08...I think it will run around or before two months and depending on the push could go pretty high...if the buy back is done with in the next two months we will be above 3 cents for sure!!!
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NEW ORLEANS, LA--(MARKET WIRE)--Sep 26, 2006 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News), a holding company with assets in aviation, sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries, released the following comments on the status of its business operations. One year ago today Phoenix released an update on business operations to its shareholders. The Company thought it would be appropriate to distribute a comparable news release today so that its shareholders might judge for themselves the progress made by Phoenix in one year.
First we will list all of the companies owned by Phoenix Associates Land Syndicate.
Phoenix Associates Land Syndicate, Inc. Mid-South Resources, Inc. 504 Water Street 2025 Regency Road - Suite 201 Madisonville, LA 70447 Lexington, KY 40503
ProGas, Inc. Rome Oil & Gas, Inc. 226 East Gibson Street 2025 Regency Road - Suite 201 Covington, LA 70433 Lexington, KY 40503
Sam's Oil Country Inspection Best AeroNet, Inc. Services, Inc. 1509 Hwy 135N 3743 Airport Drive Kilgore, TX 75662 Denison, TX 75020
CM Ideal Energy Services, Inc. Best Jets Engines, Inc. 1509 Hwy 135N 3743 Airport Drive Kilgore, TX 75662 Denison, TX 75020
TCB Properties U.S., Inc. Best Jets Airframe Services, 1534 Scenic Gulf Drive - Suite 13 Inc. Miramar, FL 32550 3743 Airport Drive Denison, TX 75020
3-D Builders, Inc. Best Jets Sales & Management, 504 Water Street Inc. Madisonville, LA 70447 3743 Airport Drive Denison, TX 75020
3-D Creations, Inc. Jet Makers, Inc. 504 Water Street 3743 Airport Drive Madisonville, LA 70447 Denison, TX 75020
Bayou State Trucking, Inc. Murphy Sand & Gravel, Inc. 504 Water Street 42435 Honey Island Swamp Road Madisonville, LA 70447 Pearl River, LA 70452
Ann Arbor Pool Builders, Inc. Great Lakes Pool Plastering, Inc. 522 North Maple Rd 522 North Maple Rd Ann Arbor, MI 48103 Ann Arbor, MI 48103 The following is intended to provide our shareholders with a brief comment on each of our business units.
ProGas, Inc. - Today ProGas is a larger more sophisticated company than when Phoenix purchased it on December 15, 2005. Phoenix has moved the ProGas CEO & President, John Burge, to the corporate offices to over see the dramatic growth we are starting to experience in this business since the devastation of Hurricanes Katrina and Rita have started to be overcome. Phoenix appointed Roy Plessala to oversee the day to day operations of ProGas.
As part of the organic growth of the ProGas business unit the following are the areas of focus:
1. Expansion of the downstream business.
2. Expansion of the financial derivatives division.
3. Expansion of the facilities financing division, including putting in pipelines, gathering systems, and such to enhance business with existing customers and to attract new producers to ProGas. ADVERTISEMENT
Sam's Oil Country Inspections, Inc. - This is the base company of a three company purchase which was completed on May 2, 2006. Sam's inspects bottom hole assemblies of wells being drilled, and well casings. Additionally, Sam's has added trenching capabilities around sub-structures of drilling rigs. Revenues at this company have increased dramatically since the purchase.
CM Energy Directional Drilling, Inc. - This company is the second of the three "Sam's" companies. When this company was purchased Phoenix could see the huge potential in this area of business. At the time of purchase Mr. Sam Henley and Mr. David Bolton, the two principles, had drilled their first well. The profit margins in this business are extremely strong, but Phoenix apologizes to its shareholders for not giving percentages at this time. Phoenix hopes shareholders will appreciate that such information could negatively impact bidding activities.
Several key components have been put in place since this acquisition. First, Phoenix has hired two drilling co-coordinators. These people are critical to the quick growth this company is experiencing. Second, the Company has hired a full time well planner which is another resource that is critical to rapid growth. Third, the Company has purchased its own MWD equipment which is currently being manufactured and should be delivered in the next several weeks.
In addition, Phoenix is negotiating with several other highly valued personal to add to this company.
CM Ideal Energy is currently expecting to be drilling 10-12 wells per month by year end.
CM Ideal Energy Services, Inc. - This company is the third of the Sam's companies. This company leases down hole drilling equipment. Percentage wise this is the most profitable of all the Phoenix companies. Phoenix is currently looking to expand this company into many different types of leasing for drilling operations.
TCB Properties U.S, Inc. - This is a property management company. The purpose of this acquisition was to provide Phoenix with a means to enter the mass housing market in the New Orleans area and expand to other cities quickly. TCB is currently looking to close its second major project which includes 31 units of rental condominiums, and several prime areas of land to develop in conjunction with 3-D Builders, another Phoenix Company.
3-D Builders, Inc. and 3-D Creations, Inc. - 3-D Builders is a greater New Orleans based building/remodeling company. Because of the devastation caused by the Hurricanes Katrina and Rita this business has exploded. The only thing that limits growth in any way is getting qualified workers. We continue to add these people as they become available.
3-D Creations is the part of 3-D Builders that builds beautiful rock creations including grottos, waterfalls, and landscape items that enhance the beauty of area pools and landscapes.
Brochures have been created by 20/20 Designs of Houston, Texas and 3-D Creations was an exhibitor at the first Home and Garden Show in New Orleans since the Hurricanes. Response was beyond all expectations. Phoenix expects this new creative addition to add in excess of 1 million dollars in revenue per year to the Company.
Bayou State Trucking - Because of the huge need for products hauled by this company, business has been brisk, but the overall growth is currently being limited by the State imposed weight limits on roads and bridges in our area.
Several of our bridges, especially the Twin Spans Bridge on I-10 going into New Orleans were severely damaged by the Hurricanes and are only temporarily fixed for traffic. Plans are underway to replace these bridges, but the weight limits directly effect growth in the trucking division.
Ann Arbor Pool Builders and Great Lakes Pool Plasterers - These two companies that were purchased December 31, 2004 and April1, 2005, respectively, have been combined and operate out of one location in Ann Arbor, Michigan.
Sales for these two companies have been strong and more importantly, their operations have been streamlined and the pool division has seen profits rise dramatically this year.
Mid South Resources, Inc. and Rome Oil and Gas, Inc. - These two companies have combined operations and now run as one company under Mr. John Barksdale and Mr. John Burge, his direct superior.
Currently Mid South/Rome Oil is expanding its lease holdings in Tennessee and evaluating an offer to purchase all production and leases in Kentucky currently owned by Mid South/Rome Oil. Because of the current price of oil this offer seems to hold a handsome return on investment in Kentucky wells. Reports on this particular opportunity will be given to shareholders as information becomes available.
Murphy Sand and Gravel - Installation of approximately $5 million of new mining equipment should be completed by the end of Q4. Once operational it should increase revenues at Murphy by $5 million to $8 million per year.
The Department of Transportation load limit restrictions cause the wide spread in increased revenues shown above. Once the load limits are eased, revenues could again increase sharply.
Phoenix currently has two separate legal actions ongoing relating to Murphy Sand and Gravel. Both actions have been ongoing for several years, but in the interest of becoming more transparent to shareholders we feel an update is appropriate.
The first action is between a Mississippi bank and Murphy Sand and Gravel.
Several years ago MS&G purchased several pieces of equipment from a Mississippi Manufacturer. The equipment was produced and a large amount of the purchase price paid. The equipment in question did not perform to specification and a settlement was made between MS&G/Phoenix and the company the equipment was purchased from.
The manufacturer in this case did not disclose to MS&G/Phoenix or the company the equipment was purchased through, that a loan was taken out by the manufacturer in Mississippi. That loan was defaulted on by the Manufacturer, even though far more monies were paid to the Manufacturer than the loan amount.
The Mississippi bank subsequently filed suit in Louisiana and even though it had no UCC1 filing on the equipment, convinced a local judge that UCC1 Law did not matter nor was it ever taken under consideration. Part of the equipment was sold to pay off the lien at the Mississippi bank.
Phoenix filed an appeal on the matter and has won on a 2-1 decision at the first appeal and 4-1 decision at the second appeal. Currently the matter is trying to be appealed (by the Mississippi Bank) to the Louisiana Supreme Court. MS&G/Phoenix is being represented by Attorneys, Thomas Schafer, George Denegre, Jr. and the firm of Liskow and Lewis before the Supreme Court.
Phoenix and its attorneys collectively believe that its efforts will be successful and that Phoenix will proceed to win substantial damages from the Mississippi bank (multi millions).
The second action is based on an ongoing legal action in which MS&G/Phoenix has sued the leaseholder on the MS&G site for repeatedly interfering with its business. Recently, a local Judge heard a motion from the leaseholder that M S & G/Phoenix had entered into sub leases which would be a violation of our lease agreement. Even though MS&G/Phoenix attorneys assured us that was not the case, the judge ruled otherwise.
Phoenix is filing an appeal that will set aside said Judgment until the Appellate Court and Supreme Court decide the issue. This will take time as this will probably establish new case law. The preponderance of evidence of law from the Appeals Court, the Supreme Court, and Louisiana Mineral Code make Phoenix confident that our efforts will be successful. Additionally, Phoenix will continue its efforts to come to a suitable negotiated resolution which could include outright purchase of the property.
In the interim the Company will continue to develop it's mining program and revenues are expected to exceed $8-$10 million in 2007.
Best AeroNet, Inc., Best Jets Engines, Inc., Best Jet Airframes Services, Inc., Best Jet Sales and Management, Inc. and Jet Makers, Inc. - This new group of companies was purchased on August 8-17, 2006. We believe that based on value this is certainly one of the best, if not the best acquisition made by Phoenix.
As stated in past releases, Best AeroNet provides discount jet fuel in over 600 locations, with expectations of being over 1,000 locations within a year. Best Jets Engines recently received 133 GE J85 turbo jet engines on a contract to store, tear down, and re-manufacture these engines from Aviall, Inc., a subsidiary of Boeing Commercial Aviation Services.
Best Jet Sales and Management, Inc. currently has five newly renovated Best Jets 21st Century Lear Jets for sale, has hired one of the most dynamic and influential aircraft sales person in the world to drive sales and marketing, and believes that all five jets will be sold during the next 60 days, with two contracts already pending. Additionally, Best Jets has purchased two more Lear 25s for re-manufacture, one of which is in possession and the other to be delivered in about two weeks. Best Jets expects to sell about 18 of these 21st Century Lear 25 Conversion over the next 12 months at an average price of $3 million.
Best Jet Sales and Management currently manage eleven aircraft and expect to expand its fleet to at least 75 aircraft over the next 24 months. Jet Makers, Inc. currently purchases the raw material (used Lear 25 jets) and supplies the funds for refurbishing the aircraft.
Phoenix has ongoing plans to transition Jet Makers, Inc. into its finance division, capable of financing sold aircraft for its customer base. This transition is expected to be completed in 2007.
Phoenix Associates Land Syndicate - While "Phoenix" reported revenues for 2004 of about $500,000, the Company has had spectacular years in 2005 and 2006, year to date. In 2005 Phoenix reported income of around $165 million, despite significant sales losses caused by Hurricanes Katrina and Rita. Sales in 2006 have continued to be lower than expected because of continued effects of Hurricanes Katrina and Rita that had a heavy impact on ProGas. Even so, revenues are ahead of 2005 levels.
Phoenix expects revenues through the 1st three quarters of 2006 to be above $125 million, and is anticipating revenues for the 4th quarter of about $81 million. This number was revised down because of slumping natural gas prices. Total revenues for 2006 are therefore expected to come in at about $206 million. Because of a substantial profit to be realized at the Best Jets Group of Companies, net pretax revenues of Phoenix could reach 10% of gross revenues.
Phoenix has achieved its basis or foundation for the Company at this time. Future acquisitions will likely be less frequent and will be structured within the outline of what Phoenix now controls. That is not to say there will be no acquisitions, but they should fall within our current operational group.
When Phoenix appointed Ron Blackburn as its Chief Operating Officer, it was done to allow his special skills at organization and growth to be focused more on growth of an organic nature and increased projects through strong management day to day and streamlining its organization.
Finally, with all said and all major acquisitions completed, Phoenix will increase its activities to become fully reporting. Phoenix expects that when it files that Form-10 the total issued and outstanding shares of its common stock will not exceed 815 million shares of which approximately 40% will be restricted.
Phoenix is fully committed to its shareholders to move forward as fast as possible to achieve all that has been stated in this lengthy release.
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real..lol I play pretty much all night as well. I only sleep about 4-5 hours on average. the rest of the time is spent playing guitar.
BTW that was a good pr. I'm sure EVERYONE will whine about the same thing...were's our Form10...what about the TA...blah, blah blah,. Assume 1.75 billion poeple....WE ARE STILL UNDERVALUED...and yes I am yelling at 7:12 in the morning!
posted
real that new thread otta be positive enough for you...I think it's time to retire this thread...a lot of the old DD is not releavant any longer...what do you guy's think...let's start posting on the new thread.
posted
lol. yeah that's probably true...2 cents by next week. Think I will hold out a little longer for a more fair value...**cough** 25-30 cents...*cough*
Just kidding. Sure does seem to be something keeping it down today tho....odd really.
posted
G you know that they always do this. They hold it down to get people out and then they run it up and have everyone buying in as they miss the bargain prices. Buy low sell high. 99 percent of people on the boards buy high sell low lol. It will happen, I am just waiting patiently!!
I am also particularly interested in the chart for PBLS - look at the last time we had the 30+ mil volume back in Mid april it went high drop to cover and then went high again. The thing that I like about the chart this time is that the news is more in line and more solid numbers. I am looking for a sharp rise and then consistent rising on rumors of when the audit date being completed. When they are complete we will see another sharp rise and then more growth. That is my opinion.
posted
In addition to the two previous posts I just stated, I was in a similiar company that posted updates just as PBLS has. The company ran at .02 and .03 for months then dropped and then took off to .20 I have the records to prove it should anyone want to see it. I don't post the company name because people automatically get offended or bash accordingly, so there is proof, you just need to keep buying because this is going to take off, mark this post.
posted
shomethamoney. You are dead right about the MM's. They try and catch the flippers who can't stomach 30-50% swings. Tomorrow we might see a big early morning drop...of course noone will be able to buy share's then...but you will be able to sell.
It's all a game. You can either play with them or go long. With PBLS I'm going long...real long. I'm still thinking 4-5 years for the full deal payout...although 2 years should see some phenomenal pps increases IMO.
Today was a good day - the PR helped solidify the news from the previous Best Jets related PR. The 489 mil in stock (40% of the 815 mil) could mean the stock could be valued in the 30 to 40 cent range in my estimates based on revenue statements they made. I still don't think we're moving anywhere near that until the audit is done, but I did buy another 50,000 today at .012 - the trade went through immediately. My average is now in the low .02s but I also don't have anywhere near the shares most of the folks have over on IHUB and elsewhere. But I have enough to get my kids through college if this baby ever runs.
Each PR gives this stock more credibility (despite the typos in today's). I expect the litigation around the pit to be a bit of a wet blanket for a while, but that's not their biggest or only cash cow, so long term I'm not worried there. Oil prices are falling (we are coming up on an election after all) so they will spike again after November when the cold weather sets in - that's good for Pbls, good for us, bad for my heating bill.
Nice work on the "other" board - I'm not sure what all the history is (the "personal" stuff with other poster) but frankly I don't care. That's all just noise and a distraction to me.
I'm settling in for the long winter. This could nudge higher, maybe even hit .04 in the next two months, but without the audit, the wild eyed runs of post-katrina on little or no news are gone.
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dlaser...you might be right...but that was an awful lot of volume yesterday. I'm certain that some trade platform triggers where hit yesterday.
Also I'm still prettty sure the OS is going to be well under 815M. If not then we should be getting darn close to the filing. I'm still as confident about this little company as I have ever been!
posted
Yesterday's volume was as high as the Katrina spike volume day's. Volume does preceed price...almost always.. I say we are going a lot higher today.
when we become more transparent which is not far down the road ,and I am not talking in the frame of tomarrow but I am speaking in terms of 6 mos. or a little less it will be launch time and I hope to have a boat load
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you and me both bond. If it stay's down this low I will be able to add a little more each month...not much tho...I pretty much blew the wad on this one so to speak!
posted
For the people that buy the astrology stuff, Really early on the 5th and from the 8th on are looking to be good times to buy. Perhaps that means we're gonna get some good quick dips then before we pop. I keep wanting to add more, but the lady says "no, not yet".
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I agree on the OS - 600 mil might be a good estimate.
And I'm really feeling very good about pbls - I wish I had more to put into it, maybe over the next few months I'll keep trickling some buys in. I'm around half a mil at .02 and I'm willing to wait through the rise and fall over the next few years to the promised land. Timing has never been a strong point of mine, so I'm happy to be in at these levels to let the chips ride.
Today went as expected - enthusiasm from yesterday settled into the status quo around .01 of today, but a nice base forming as a result. The PR reaffirmend why we are taking the gamble, but without the filing of the form 10 pbls remains a gamble. That's okay, I'm confident as well, and it gives me time to buy more. I'm in no hurry like the short term traders.
By the way - it's not so little a company any longer!
quote:Originally posted by gnulnx: dlaser...you might be right...but that was an awful lot of volume yesterday. I'm certain that some trade platform triggers where hit yesterday.
Also I'm still prettty sure the OS is going to be well under 815M. If not then we should be getting darn close to the filing. I'm still as confident about this little company as I have ever been!
posted
NEW ORLEANS, LA--(MARKET WIRE)--Sep 28, 2006 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) provides below a reproduction of a September 27th Herald Democrat Online news story about Best Jets, their relationship with Phoenix, and comments regarding ways that growth of Best Jets might impact the local economy. Best Jets to add a partner - By Joyce Godwin Herald Democrat Wednesday, September 27, 2006 ADVERTISEMENT
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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