Hey there buddy....
Ok...as promised....here's "my" 411 on PBLS:
PBLS - Phoenix Associates Land Syndicate
This Company, in my opinion, is nothing more than a dilution machine. The structure of the company servers only 1 purpose: To issue more and more and more and more ( do you see the pattern here? ) stock to generate revenue to diversify EVEN MORE SO than they all ready are. I mean....just look at how many divisions this company has....it's ABSOLUTELY INSANE!!!
The simularities between PBLS and ENRON
are a mirror image of each other. They operate in EXACTLY the same way. They diversify.....and then "create" multiple division within each sub-structure.....only to diversify yet again and issue EVEN MORE stock to generate revenues for "that" particular division. It's all legal.....but "just barely".
Now....let's throw onto this s**t pile the 2 ongoing legal action suits.....(it's actually PBLS fighting itself ( ie. too many division ) )....if "Jonny Cockron's" law firm is representing PBLS, well then.....The ENTIRE world is now making sense to me....
Here's the $$$ breakdown for you:
1.75 BILLION
( are you kidding me!!!! ) Authorized ( Yeah right....authorized to "legally" print money ( stock ) )
of which...only 997 MILLION shares are o/s ( and saying "only" to 997 million should make ANY pro run for cover )
So...PBLS's current market cap is:
997,000,000 x 0.015 ( current price ) = $ 14,550,000 USD
So....can SOMEONE explain to me ( us ) just WHY a company with forecasted 2007 revenues of $206 million is valued by the MARKET at only $ 14 million USD?!?!?!?
EASY: EXTREME MISS-MANAGEMENT and OVER Diversified!!!!!
This IS NOT an investment!!! This is nothing more than a dying shell playing the " News Release " game to generate EVEN MORE, newly created divisions....play with it as you will.....but notice how i said "PLAY"....'cause with this PIECE OF CRAP...that's EXACTLY what you'll be doing...
See ya!!