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Author Topic: PBLS..........
bond006
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Thats really all I need for now to encourage me I think we are in the process now for sure IMHO I have waited this long I will sure givt another 30 to 60 days glta
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macdrsirules
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I just got a message from Mulshine.

Here is the info that I got. The Audits should be completed by the end of April and the Form-10 should be submitted by the end of May. At that time the Form-10 will be available for viewing. The sec generally takes 90-120 days to review and comment. Thus making PBLS fully reporting by Aug-Sept.

And yes, I was told that we did not have to wait the 90-120 days to see the form-10, it will be available to view on Sec/Edgar website as soon as it is submitted which should be by the end of May.

The info is from Mulshine. I would suggest more people call Mike as he is the IR person. If we take up alot of his time he is bound to get more info from the company that we may not be able to get.

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pepa z depa
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i am glad to hear that everything is ok,
just going on holiday for two weeks (to lebanon), i have accumulated over 2.5 milion of PBLS shares in the past weeks. i hope there will be some reward, when i come back.

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man4apenny
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That is great news Macd! Think one reason why this is taking so long is because they have 6 different divisions all operating at their own speed or time frame. It must be giving them a super headache to coordinate all this together. gl
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bond006
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Good work mac. now if mulshine can say this what we need is a pr to tell the world about it
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bond006
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I hope a lot of people are reading this lots of good info could help your future
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bond006
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Thats great news and we don't have enough folks here anymore to even keep us on the front page we got our board cleaned out good
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NEL
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I'm patiently waiting for the news on PBLS like the news we got today on GZFX. It will happen!
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will
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I truncated the following quote from Oil Dog. Seems like it was ignored and discounted. I also read on another site : "Guys forget about share structure for now. I am just as interested as everyone else is, but just use the authorized shares for now which is still 997,000,000."
I only mention this for the new people that might be influenced by the "longs" and "believers" that would give such advice as to not to worry about shares structure, and that would ignore the fact that a T/A was not relasing information regarding share structure. Perhaps this sin't a BIG RED FLAG in their minds, perhaps gagging the T/A is a positve sign. I don't own this stock, and certainly am not bashing it, only trying enlighten new people and let them see there might be an alternative view of the situation. If I were a stockholder of PBLS, I would totally agree with OIL DOG. His postion is a sober sane one, he has witnessed the pink promises, and the pink failures to deliver those promisies. Also, if I were a stock holder in PBLS I would definately want to know the share structure, it's my company, my investment, my money, why shouldn't I know? I guess the arguement against that might be the company is working on filing, has promised an audit, and transparency, just be patient. That agruement will probably be fortified with, they will need an audit and be fully reporting before moving to a higher exchange. Well, I think I read somewhere that of all the pinks that "intended" to move to a higher exchange in 2004, only 13 actually did. Again, I guess the arguement there could be, well, by your own words it does happen,, 13 did it. OK, if you like those odds, 13 out of thousands, not as long as getting struck by lightening, but still not very attractive. Also, I would doubt if you ever see an audit or Form 10 filed, my opinion, of course, based on past performance of other pink sheet stocks.
Now if anyone cares to see just how a similar stock situation played out recently let me direct your attention to this thread : http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/8/t/015636.html?
Just read from November on, that will give you enough flavor of what REALLY ocurred. PBLS is pretty much a mirror image of the early stages of PLNI. Promised share buy back, (never happened), promised audit, (still waiting), promised moving to a higher exchange, (still waddling in the pinks).
This is no more than an alternative point of view. Personally I don't care what the outcome is, but for that new person that is thinking there's a big pay day down the road, I caution you, and say to you, think again.

quote:
Originally posted by OILDOG:
yep, fluff pr as usual. If you trust Muleshine, bond006, call him and ask him why they've gagged the transfer agent. So we can't see the insiders selling off 10's of millions of shares. They have NOT started 100 M share buyback. Alonzo said in Dec pr that ALL would be transparent, share structure,ect., and available ON THEIR WEBSITE!!! NONE of that has happened! [Razz]



--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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bond006
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We have been told by Paul,ron,and mike that the share structure is 750 million a/s of which 350 million is the public float you believe them or you don't that simple. There are investor's on the ther boards that check the share count in NV. once a week and report back. Is this a chance of a scam well there is always that chance that why they make t/bill and Gov. Bonds for thoes that don't want to take a risk. Many people have asked the question of the gagged T/a I don't like it but I live with it because I think all the rest is better. Any way I am in and I think I will be rewarded if I did not feel that way I would sell and if I did not own the stock I would not sour grape the people that did.
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firefly
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If this is a scam I will never trust any pink sheet.
If I see an opportunity I will flip the hell out of it.

--------------------
don't sweat the small stuff.

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bond006
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Now one difference between plni and pbls I was in plni and I made money lots of it but when Turek was asked for the share count he just would not give it nither would Bill Howe the bozo we have it on record what management has told us and we have not seen different to date. And according to Mike thats what it was last week.
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bond006
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This post from Ihub is from an ivestor who went on the trip to pbls in febuary and reminds us what Paul said about the filing



macdrsirules
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posted 24-03-2006 13:29
--------------------------------------------------------------------------------
I just got a message from Mulshine.

Here is the info that I got. The Audits should be completed by the end of April and the Form-10 should be submitted by the end of May. At that time the Form-10 will be available for viewing. The sec generally takes 90-120 days to review and comment. Thus making PBLS fully reporting by Aug-Sept.

And yes, I was told that we did not have to wait the 90-120 days to see the form-10, it will be available to view on Sec/Edgar website as soon as it is submitted which should be by the end of May.

The info is from Mulshine. I would suggest more people call Mike as he is the IR person. If we take up alot of his time he is bound to get more info from the company that we may not be able to get.

--------------------
1st Option Mortgage. The best mortgage for investors period!
Email:
jlouder*firstoptiononline.com

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will
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No sour grapes here, bond, like I said it is an opinion based on observation of other pink sheet companies. I see you took it personal, I certainly cannot make you feel attacked, that is your doing and responsibility.
Scam, is a harsh word, I never used. Scam connotes fraud. I never suggested that. Companies can dilute legally without being fraudulaent. CNES a good example.
Being told by Paul, Ron, Mike, might not carry the same legal import as being told by a T/A, or officially seeing in writing from the company.
Sorry you chose to take my comments, opinions, observations, personally. I don't apologize for them, and you have as much time as you like to debunk any of them and PROVE them to be folly. Keep it factual, not personal, tell new people why they should dismiss the possibility of what I offer as an alternative point of view. To call someone a "long" or a "beleiver" only means they have conviction, and surely,they should be proud of their investemnt, and would not consider those labels as an insult. I would think they would counter with facts and not put themselves in a victim's role as someone spewing sour grapes at them or persoanlly attcking them.
There are three things I have noticed when I present a dissenting point of view on highly emotional stocks. Let me list them for you, the arguement usually goes this way :

I ask someone to prove a position, their reply is, prove me wrong. I say to that, it is incumbent upon that person to prove his postion not me to disprove it.

I press and ask again, prove your position, then the reply is, I am not going to do your DD for you, do it yourself, you're just lazy.

...and finally when really pressed they take it personl, usually calling me a paid basher.

Well, you stopped short of the paid basher label, I do appreciate that.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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bond006
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Excuse me wrong post

this one is right


Posted by: chilar4567
In reply to: macdrsirules who wrote msg# 13294 Date:3/24/2006 2:18:23 PM
Post #of 13316

MAC, THE MAY DATE MM mentioned to you agrees with PA's statment at the HQ meeting,that May would be a shareholders meeting and the "10" would be ready for filing at that time (approximately).
Here's one thing to keep in mind for all the folks moaning about current PPS. PA owns 100 million, I have no idea about Ron, but Osprey supposedly has 50mil. John Burge (who I respect very much) probably owns plenty. All these people have vested interest in higher PPS. I'm willing to be in their boat and wait for it to come home. GLTA

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will
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...and Urban Cassavant alluded to the fact, (which wasn't fact), that he owned 51% of CMKX. Sorry if you offer that as proof, it lacks quality and accountability.

quote:
Originally posted by bond006:
Excuse me wrong post

this one is right


Posted by: chilar4567
In reply to: macdrsirules who wrote msg# 13294 Date:3/24/2006 2:18:23 PM
Post #of 13316

MAC, THE MAY DATE MM mentioned to you agrees with PA's statment at the HQ meeting,that May would be a shareholders meeting and the "10" would be ready for filing at that time (approximately).
Here's one thing to keep in mind for all the folks moaning about current PPS. PA owns 100 million, I have no idea about Ron, but Osprey supposedly has 50mil. John Burge (who I respect very much) probably owns plenty. All these people have vested interest in higher PPS. I'm willing to be in their boat and wait for it to come home. GLTA



--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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bond006
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Again if you are in this stock Paul Alonzo does not run cmkx or plni. compare scams to something that you don't know the outcome of or own any of is crazy. and makes no sense worry about your own investment and don't tell me the same thing over and over this is a scam you don't have any proof of that and there cis much more proof to the positive like people seeing with there own eyes cmkx was a shack in the woods plni was a two car gurage both were scams from the get go pbls is real ask anybody that saw it look at the pictures. do some dd and leave us in peace come back when you own some and don't tell me you are a cursader and a champion for all you know we are only weeks away from a movement and wyou want to get in cheap like the last time when you took a nap and were mad about missing the dip .
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macdrsirules
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Will,

You have a right to say as you wish. Bond and most of us on this board have done as much DD as you can do with a pink sheet.

It is a well known fact that many, many pink sheets do in fact make the claim to become fully reporting and intend on moving to a larger exchange. You are correct in saying that. We fully agree and completely understand that the overwhelming majority of pinks do not follow through with these promises.

Now let me tell you about PBLS. The authorized share count is 997,000,000. For all intents and purposes we take into account 997 million. It can not be more than that. PBLS is in fact a real company. They welcome investors to come visit them and have even offered them a place to stay. They show them their place of business and have even allowed videos to be taken. One investor even got video of the drilling their last well in KY. They are there for your viewing if you wish.

This post could go on for several pages but I will not take the time as if you dig a little you will see for yourself. The preceding post is just a drop in the bucket of the amount of DD investors have done in PBLS.

I like my chances and you are more than welcome to post on this board. I think if you do check out the DD that has already been done and do some yourself of course that you may very well join us.

Take care and seriously take a good hard look at this gem of a pink.

macdrsirules

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will
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macdrsirules, thank you for a reasonable reply. I have no doubt PBLS is real and one could visit the company. That is also true of PLNI. The A/S being 997M is a good thing, means that the "said" 750M cannot be diluted much. Probably prudent to asume the O/S to be equal to the A/S.
I don't doubt the potential of the company, right place right time, expansion into the energy sector, all formidable enterprising happenstances. I just caution new people to NOT be gullible and trusting of a pink sheet company. Because you are a reasonable person, I would have to assume you would agree when investors trust pinks the result in MANY cases is disappointment.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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macdrsirules
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Without a doubt in many cases investors become bagholders. When I spoke of the AS being 997 million that is what I meant--just to count the OS as 997 million.

It is my personal belief, as is Bonds, that PBLS is not one of those companies that we will be disappointed in.

FYI, I looked into CMKX and saw where they were located and where their mining partner was located and that was enough for me to say no. lol

For any new investors thinking about getting into PBLS. PBLS is a pink sheet and there is substantial risk involved, as with any other pink sheet. With that being said, there has been more DD completed and constantly in the works with PBLS as I have ever seen. They are a real company that has producing oil wells in KY. They have a gravel pit that is currently being used to rebuild the levees. They have no debt. They PR'd last year that they would dilute to some extent to acquire other companies, mainly in the form of restricted and preferred shares(any other pinks that tell you up front that they will do that?) Not to even mention the 2 construction companies they own or PROGAS. Plenty more available information to anyone looking to invest.

As for me, I am very comfortable investing in PBLS.

GLTA

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will
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That is a fairer presentation of PBLS as an investement. I just am concerened that sometime loyal investors have a propencity to only present the pro side of the arguement. If a company is solid, forthright, and forthcoming, both they and the shareholders should see dissent as a healthy and good thing.
If/when the promises of the company, to buy back shares, publish an audit, file a Form 10, and become fully reporting and transparrent come to fruition, I will be the first here to come back and congratulate all of you. If/when it becomes readily apparent that the company fails to fulfill their promises, say by June, I am willing to bet that loyal investors will make convenient excuses for them, and continue to present the pro position.
The one thing I do take exception to in your last post, macdrsirules, is suggesting by inuendo that I compared PBLS to CMKX, I think you took my CMKX reference out of context. My point was a CEO can tell you anything on the phone and/or in person and have a high level of deniability. I was not at alll implying any parelells between CMKX and PBLS.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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jerseyboy70
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Macdrsirules, I agree! I'm new to posting, but not new to PBLS or to investing. It is one of my favorite stocks on any board. Very diversified and going places. I love this company. Patient investors will surley profit on this stock.
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will
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WOW! Now there is a powerhouse full of facts:

1.) PBLS is one of his favorite stcoks.
2.) Very diversified.
3.) He loves this company
4.) Patient investors will be rewarded.

Says nothing about the T/A being gagged and the share structure, or a definate time line for promised transparency. I would think those are issues of greater import then how one feels about an investment. Once someone takes a position in a company he has a vested interest to convince himself he is comfortable and believes he hasn't just put his hard earned money in to something that will disappoint him.
It would probably be easier and more convincing to draw new investors to this stock by presenting facts not feelings.

quote:
Originally posted by jerseyboy70:
Macdrsirules, I agree! I'm new to posting, but not new to PBLS or to investing. It is one of my favorite stocks on any board. Very diversified and going places. I love this company. Patient investors will surley profit on this stock.



--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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ajman
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No sour grapes here, bond, like I said it is an opinion based on observation of other pink sheet companies.

I think we all agree that generally speaking Pinks are a riskier investment that an OTC stock, just as in general an OTC stock is riskier than a big board stock.
One of the main reasons that the pinks are the riskiest are the lack of verifiable financials. The higher the risk the higher the potential gain, and we all look for that one in a thousand that has the potential to jump to the big boards. Granted verifiable information on these stocks is harder to come by and it takes alot more DD.
Just because Pinks are the riskiest of stocks to invest in does not automatically make it a junk stock. What I take offense to is that your post makes it sound as though PBLS is a junk stock, only because it is a pink. If there is a reason other than the fact that it is a pink sheet stock that you don't think it is worth investing in, I am more than willing to listen, I want to protect my money as much as anyone. I've been in this one for a few months now and am comfortable with my DD and the DD of others brought to the board. Please, bring some constructive DD about this company to this thread, either good or bad, and it will do more to help the newbies learn than generalizations.

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jerseyboy70
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Will, its good for someone like you to present the flip side. These issues can be related to the company by shareholders either one at a time or all at once. The bottom line, this is a good stock to invest in. If those issues were taken care of, it will be even better and make us more money!
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Rex
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This is a scam, get out now!

There, now hopefully this well dip next week so I can double my position. [Big Grin]

Will, totally understand what you're saying but these guys have yet to break a promise. They've been saying they are releasing financials 2nd quarter 06 since last year and continue to back it. Pinks are always risky because of the lack of visibility but when the revenue and profit of this pink is exposed within the next 2 months, well the potential pps is to good to pass up imho.

Tell you what, if they don't post financials by the end of 2nd quarter my new signature will read "Will is a genius, I'm an idiot" for one full month. But if they do, no apology necessary, you are just stating your opinion and warning others of pinks. I'll just take a post on the thread with congratulations, Will.

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will
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Let me wind this up for ya'll.
Grant it, the share structure isn't all that important right now as long as the A/S are not raised. If they are you will never see the dilution, it's a pink. The T/A being gagged isn't all that important, again, as long as the A/S are not raised.
The most important issues are the promises of the company to do a share buy back, piblish an audit, file a Form 10, and move to a higher exchange. It is the opinion of most people here that this will happen by the end of May, and the move to a higher exchange will follow, about Sept. timeframe. I will check back with y'all to see how that matures. Until then, good luck, and I hope this is one pink that will prove my suspicians wrong.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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will
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"Will is a genius, I'm an idiot" for one full month."

No need to do that, Rex. I am not a genius, never claimed that status. I am just a guy trying to get long in this world. Just making observations based on experiences. Just asking that ya'll be open minded and consider an altrernative position to the predominant one I see on 99.99% of this thread.

Seemingly there is always some outside force that prohibits these pinks from fulfilling thier promises. Hopefully this time I will be wrong.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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jerseyboy70
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Will, the proper amount of DD should give you the confidence in PBLS. Macdrsirules gave you some. DD is the key. I think that we will be well served by addressing some of the issues that you stated to the company and exercise patience. Your points are well taken though.
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Rex
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lol, it's all good Will. Thanks for keeping this thread lively tonight.
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will
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OK. I vaguely recall the PR anouncing the acquisition of the oil company with 190M in revenues, (I apologize for not recalling the company name). If I recall it was done with cash, restricted common shares, and restricted preferred shares. When that was announced PBLS was selling in the .022 range. After that GOOD news, it fell to .013, because SCHB was selling his pants off on the Ask for days, (an indication of dilution imo), but that is past. At that time I argued that no one knows the terms of those preferred shares, the unrestricted due date, and/or more importantly, the CONVERSION ratio of those preferred shares. To date I would bet it is either still being ignored, or not an issue in many loyal investors minds. Do you not think it should be asked, and if not asked, disclosed by a forthright and forthcoming comapny? I haven't been around much since that PR was issued, maybe someone has asked, and was told the terms of those preferred shares. True, if the conversion rate is 1,000 common for 1 preferred, the A/S will have to be raised to account for the increase when converted, and again, when is the unrestricted due date, which will most probably be followed by an immediate conversion, thus causing dilution.
These are just little nagging questins that are conveniently left out of the arguemnet and DD on a thread that is predominatly pro company.
Now if this information was disclosed and I missed it I apologize, but if wasn't disclosed has anyone asked, does anyone care?

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A million seconds is 13 days.
A billion seconds is 31 years.

Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
T e x
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good discussion, fellas--that's what separates us from da lunatic boards, with all the crazed name-calling...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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firefly
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I agree tex.

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don't sweat the small stuff.

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bond006
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Yes Will you sure are keeping this thread going tonight. I still think dd has saved me most of the time in pink land I was not in cmkx because of dd and I was out of plni at the right time because od dd . And I am in pbls now because of dd could I be wrong the answer is yes. But I am very sure I am not 60 more days will tell. And I figure at all times that this is a pink and the whole damn 997 million shares is O/S and I still feel it is under valued.

Anybody that was in cmkx I feel sorry for but a little dd could have told you that it was no more than a lease and a minning shack.

A little dd on plni would have told you that James Turek screwed every body when plasticon was wicklund and he really produced nothing all he ever had was intellectual rights to a product. Not so with pbls you are comparing apples and oranges. As far as you posting here go on and do so but please try not to come in with a challenge. I wish you the best and I hope all of us make money . I really think any body that gets a weak hand now is going to be sorry. But I have said my say please forgive me If I was to wise ass I have spoke to you before and you are a very seasoned investor that deserves respect. And maybe you will wind up warning us of a financial mess. thank you for your postes Ray Bond

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will
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well, Tex & firefly, It probably makes little difference. I wonder if the people that were/are "longs/believers" of CMKX, QBID, PLNI, would have listened to dissent. Judging by the intolerance of those threads of any naysayer I would have to guess, no they would not have listened. Again I draw no parelell to CMKX, QBID, and PBLS, but I do see great similarities between PBLS & PLNI, at least to the extent of the share buy back, audit, transparency, issues. Which by the way you could probably go back and see where QBID and CMKX also had and published similar intentions.
Well, it is getting late, and I didn't have to do on a Friday night, so I thought I'd just ask a question or two.
Good night and Good luck.

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A million seconds is 13 days.
A billion seconds is 31 years.

Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
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