posted
Yo Bond Thanks That was a great read You educated a realperson
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
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posted
Its a good thing Bond brings those good posts over from RB and IHUB bc its a absolute joke over there....for every 150 bashings and no info posts, there is one good post...
Makes it easier for everyone on here to just read the good stuff!!! Way to go BOND!!!
Gonna be a fun week, GO PBLS!!!!
Posts: 381 | From: Cincy | Registered: May 2006
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posted
Short selling is a serious problem. I was invested in Novastar Financial (NFI) a few months ago. At first glance this company looked like a wonderful opportunity. It paid a dividend between 15-20% on a regular basis and was trading at 52 low's with solid income and good management.
However, Hedge funds were controling the price. Some investors set up a web site to help educate others. It has some really really good information that all investors should know about. While some of it is particular to NFI others parts are just good information:
posted
Bond, After reading your post a couple of times I have a question. Since MM's have essentially increased the float by selling more shares. How exactly does that get resovled. I mean It would seem like someone would have to be willing to buy shares they don't own...like the MM's?
I suspect they(MM's) will try and keep the price down in order to cover their positions. Now I suppose if the demand for PBLS shares was such that no one was selling then the MM's would have a real problem. However, there are enough traders trading PBLS to allow the MM's to walk the price down in order to cover the naked shorts? My biggest concern is once they have covered and the price starts to go back up will they continue this process all over again? This has turned into a really big issue for Novastar and Overstock.
I guess MM's are in a different place than Hedge funds and thus would not be able to pull this off? Am I correct in this line of thinking? What are your thoughts.
posted
My thoughts are that it happens over and over again untill they get squeezed and have to chase or the co dilutes and they cover cheap
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
Bond that will ultimatly be bad for us share holders. If nothing is in place to stop them then the pps will not rise to any of the estimated levels. Even once the company is fully reporting naked short selling will bad. Although I am not convinced it is naked short selling.
I can see the value for PBLS just like I see it for NFI. I just hope PBLS can break the MM's from this streak. Good luck everyone.
posted
PBLS has 250 MILLION in revs so far for 2006 as of 4/26/06, and the company could exceed 1 BILLION for the Oil and Gas Division ALONE in 2006. So that puts this company * 750 MILLION for the year.
posted
I like pnew and his posts this is to all the bashing going on on R/B
By: PNEW122 15 May 2006, 03:18 PM EDT Msg. 49511 of 49511 Jump to msg. # Repost
Posted by: pnew122 In reply to: None Date: 4/24/2006 9:43:52 PM Post # of 15368
Guess this should prove why many CEO's don't grant interviews. Many forget to appreciate PA is still (company that is) small enough to grant such an interview and visit and what happens? People pick him apart. He said this, he didn't say that. I'm not defending him, but the company. This is exactly why I was NEVER interested in going for a visit. Didn't want to be influenced in any way.
Think for just one minute. If you knew nothing of PA & Co, and had to evaluate the company strictly on it's performance, would you buy or sell? Since this time last year, yes ONE whole year ago, this company is up 100%. Since Sept of 05, it's up 600%. The company has done everything they said they would and much more IMO. Facts are right there.
So in conclusion. If some of you don't like the stock, don't have the patience, or don't like PA & company, why not do us all a favor. Sell and move on. There have to be plenty of other plays out there to make a quick buck.
And PS-Funny how a few are quick to criticize yet I don't see or hear of them running their own company. I think if was that easy, we would all do it. PA & group have quite a few people who eat, have a place to sleep, and spend time & money with their families. Anyone who was/is willing to support those people with their commitment, strength, and risk taking has my vote. I sure couldn't do it. I am all for open and honest discussion, and even not so positive points of view. But to think for one minute this company is not providing a future for it's employees & stockholders, is just plain not seeing the trees for the forest.
Be happy while you're living, For you're a long time dead.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
No doubt. RB is like the outback board...but there are some good points. I reallly like PBLS, and I truly believe we should trade higher...based on the DD form everyone....so why aren't we?
I guess it's easy for me to sit here and say we need patience..after all you all have been holding for a year and I have a wapping 4 day's under my belt.
This company seems to be for real...we will know when the audited financials are released.
posted
Bond that board gets outta control sometimes, seems to do that when something is about to happen...I dunno but I know the end of June is approaching, and they have not let me down on any time frames yet!!!
Keep holding on your shares all!!!
Posts: 381 | From: Cincy | Registered: May 2006
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posted
One other thing I do wanna mention before I get off here is the May 3rd PR....we should be hearing something in less than two weeks about that acquisition!! I would suspect news before that, but at the very least that is something to look forward to!!!
GO PBLS!!! Have a good night all!!
Posts: 381 | From: Cincy | Registered: May 2006
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posted
Pinks dont hold their PPS well no matter how good they are thats why its soooo good we are moving up to the OTC A PR is set soon to finalize that purchase so take advatage of the dips another point down I get 50 more.
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
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posted
Patiently holding long and waiting for company to stand by their word as they have in the past.
Posts: 539 | From: BIG D | Registered: Apr 2005
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posted
Yep that last ten minutes was gross and really odd..Thought we were gonna hold above the prev close, guess not...
Posts: 381 | From: Cincy | Registered: May 2006
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Posted by: tedwitt In reply to: None Date:5/16/2006 8:18:41 PM Post #of 15514
Asus,
I noticed my question to you went unanswered.
I would like to place a final piece of DD.
Before I join Mastercraft in a self imposed exile from I-Hub.
Two Fridays ago, I drove 740 miles round trip from Sugar Land Texas in one day to visit PBLS in Louisiana. My engine service light came on near Beaumont on the way back. This was not easy as it was the day after giving a presentation on LNG at Electric Power 2006 in Atlanta. I guess for those of you that dig, now you know who I am.
This was my second visit to one of their locations. The first was ProGas in Houston the month before. My coworker has had the time to talk to traders and co-workers from some of the previous companies that some of the people from ProGas worked at and these people at ProGas were deemed competent or better.
I had Doe nuts with the 3D builder guy. I had a 30 – 45 minute meeting with Paul A & Ron B. I had lunch with Ron B
What did I learn? 1) They are in a House because it is a historic district. $500,000 paid for. Even BANKONE was in a house 2) They have NO Debt 3) They have an average daily bank account balance of $3,000,000 4) 3D Builders will be busy for 10 years 5) I saw cardboard shots of the new website (Class Act) 6) The real value of this stock at this moment is .25 7) They could be making deals to get back restricted shares issued 8) They are in the middle for a deal for 8 rigs (2 deep, Hello NV) 9) The 900,000,000 bbl lease was too expensive and would of been as capital intensive as an oil sands lease to develop. Tells me they are looking for a “company maker” project 10) A deal for some type of refining installation fell through because they did not trust someone 11) These people hate liars 12) They are disappointed with the average KY well hit and are moving on to better targets 13) They are cash rich presently but could go into $5 million of debt to secure a fantastic asset 14) The banking relationships ProGas has will be an asset 15) The business of ProGas will expand and the profit margin will increase 16) A trader from a big trading house might be interested in jumping the fence, Paul mentioned the numbers of the business and I guess the company name, Paul would not comment. But he knew the numbers and there is only one company out there with them. Huge. 17) The value in the next year or so will be a dollar or better 18) They are very interested in the July 3rd ruling that goes into effect concerning short positions 19) Paul A will do what is best for the company and not what is best for the short term. He will not bend to the whaling of investors for short term $$.
When I went in to the office I told Paul the following before we talked
1) I represent 7.1 to 8 million in shares owned by my company, myself and co-workers 2) I am not here to force a form 10 date 3) I am not here to see the mine 4) We just want to know whether to hold or add
This will make sense in a minute.
My back ground; The company I work for has published over 68,000 reports on capital spending projects by companies in North America and to some extent across the globe. I can tell in a voice if something is there or not. I have followed capital projects from inception to commissioning.
I along with 20 others were trained by a man who was employed by the “Company” (No Not PBLS) for nine years in their global geological resource department before he came to our company.
We were trained in penetration tactics and how to derive information without asking direct questions because actions and motives speak louder than words.
On top of the 20 heavy research personal there an additional 35 lower echelon personal support us to maintain the data base.
Why does this matter?
Because when I call for research I am; 1) John Kelly from Global Services 2) Jeff Pines from Sabine Turbine 3) Ted Jones from Global Engineering 4) Chuck Wagon from Capital Ventures
What ever it takes to gain the information. Have I called PBLS and asked for people on their company tree just to see if they exist? You bet. The list of people Beyond Paul A. Ron B. John B. Tom C. Mike M. was only the start. Was it honest? No. Was it legal? Yes, you would not believe the crud an investigative reporter from the news will do. We are no where near their blatant set of tactics. Our job is to get in touch someone, get the info and exit the conversation without them ever knowing they were touched.
I hope all here do well with PBLS and it was nice to meet many of you.
PS My car is at Sterling McCall Nissan in Sugar Land if any one wants to pony up…
Posts: 381 | From: Cincy | Registered: May 2006
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posted
G, after reading this post, I dont suspect any news until the closing of the acquisitions, unless it is a surprise.
I have learned that PBLS tells us beginning news, and finalization news, no updates inbetween.Which is fine by me, its just the patiences in between PRs..But I will wait it out!! Posts: 381 | From: Cincy | Registered: May 2006
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posted
I am pretty darned fired up about this company to say the least. I am honestly hoping to get some OMOG news on a settlement so that I can use some of my profits form there to add to this position..I just feel 150K is way to few shares for this opportunity. In my opinion you have to go hard when you find good opportunites.
posted
Im really interested to see the new website, have been since the PR about the marketing company..
But what really gets me going is the deal of the 8 rigs!!! That would give us everything we need to drill all on our own!!
Posts: 381 | From: Cincy | Registered: May 2006
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posted
Special k nice one buddy if half of that is trure I think I should sell every thing I own and buy pbls
Nice to see you aboard Rex Im don't think we are getting lied to on this one load the boat time
If they ever launched a pr about 8 drilling rigs being bought wow that worth .50 cents a share all in itself
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
I have to say with all the fighting over there it is just amazing that anybody made a post some of them iggied the whole damn board. Some have been board friends for a year and are never speaking again. I have to say I heard a classic over there one guy was talking about pbls pr's and said good things come in small packages. Another guy said thats not what your wife posts and then the sparks flew thank god we don't act like that.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
Buying 8 rigs? 2 "deep" rigs? That WOULD be interesting. Right now drilling rigs are VERY expensive. Ol' Alonzo's going to have to cough up some serious shekels to get his hands on anything other than junk these days. Consider: A rig capable of going to 15-20,000' (a "deep" rig around here)brings in $20,000 plus today. NOBODY is going to sell a cash cow like that, or if they do, it will be very pricey.But, might be able to afford some shallow rigs. Not sure what "deep" is for Nevada,maybe 10-12,000'. Have to find out. All in all, spending a lot of money. As Cramer says, acquisitions take money OUT of a company. Kills cash flow. WHY IS TA STILL GAGGED ALONZO!!! STILL DUMPING INTO THE FLOAT?
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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posted
I am with you oil dog on some of these things I am not an oil man but everything I have read say that a drilling rig is a very hard thing to find for sale so I hope there is merit to the post
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
seems to me he should wait until after becoming audited to make a purchase of thi size. He would almost certianly obtain the needed funds from increased pps instead of increasing float. Just my 2 cents.
Time to ungag the TA...I don't by this crap about the TA quitting because of phone calls.
posted
Yes it is time for Mr. Alonzo to become more transparent at this time if he wants the pps to rise. All the dd is done on this that we can find out. Most people won't invest if they don't know
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
I have always said that the end of June is a time when I take a good hard look at this again I figure that we should know a date by then for otcbb listing. If not than I fell some thing is up that should not be > I have been a good long for almost eight months and have went sideways for most of that time I would like to see a solid time frame. I know that there is finanicials that are audited no matter what the co says people don;'t sell you there business with out seeing them. GLTA let see how things shape up
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
I'm with ya bond. I am holding a small stake in this right now, but if we get closer to June and it looks like they truly are going to releaes audited financials then I would like to increase my position significantly.
The problem with these companies is they can pretty much say and do what ever they want. It's all a gamble that's why they are on the pink sheets. If PBLS get's off the pinks and onto a "real" board like the AMEX then we see this thing rocket...unfortunatly they may be unlikly to get the AMEX with such a low share price.
If their goal is truly the AMEX then they should forget about the rigs and start buying back shares...then need to get the float around 300-400 Mil tops and then release spectacular audited financials 2-3 quarters in a row.
I will say that the day I bought sure didn't show much resistance. My 150K shares moved the price 2 cents that day. That alone helps me believe that the float is fairly low.
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