Sunday, March 16, 2008
Thursday, October 4, 2007
Phoenix Associates Land Syndicate (PBLS.pk)
Introduction:
Founded in 1978 as a gravel mining company, Phoenix Associates Land Syndicate would eventually find itself bankrupt in 2001. Yet as the name suggests, the Company would rise again to rejuvenate its enterprise having acquired over 20 companies in the few short years to follow becoming a vertically integrated operation that presently (as of 6/30/07) retains $131 million in total assets. Pertaining to the present fiscal year,
2,429,362,328 O/S (
2,500,000,000 A/S (
Market Capitalization (fully diluted at current share price): $13.75 million
2007 Mid-Year Financial Results
Nevada Secretary of State Company Listing
Why this is a bad investment:
To first understand this company, it’s a good idea to understand why this company is a bad investment. Having been listed under the Pink Sheets,
In light of the last fact, it's noteworthy to mention that cash flows appear to be a problem for the company. This may be reasonable considering the expenses it must incur to expand its operations. The recent press release regarding the sale of Best AeroNet also vindicates this assertive deduction that the Company has greater need for cash on hand than venturing into another channel of revenue. Based on the rapid expansion of
Legal ramifications behind the Murphy Sand & Gravel pit, a vital money-maker for the Company, may ultimately strip
Last of all, the need for verification remains a problematic issue albeit less of a problem than most penny stock companies. In the case of
Why this is a good investment:
Comparative Advantages:
In my opinion, the Company has two major comparative advantages which reside in the Murphy Sand & Gravel pit and the Best Jets companies respectively. After Hurricane Katrina hit
Best Jets offers another unique comparative advantage in an entirely separate industry. In summary, the advantage could be found in this press release (http://www.pbls.biz/pressrelease_content.asp?prid=79), and is highlighted by this quote: “Recently, General Electric announced a “Propulsion Modernization Program” (PMP) for these engines that double the time between overhaul (TBO) from 5,000 to 10,000 hours and the “Hot Section” inspection interval from 1,000 to 2,000 hours. Best Jets has been working closely with General Electric to become the only engine shop authorized by GE to perform the modernization upgrade on engines in the civilian market. GE originally developed the PMP for the US Air Force, where these engines (under the moniker of “J85”) provide propulsion for the T-38 Jet Trainer. They plan to keep the engine in service though the year 2040.”
Vertical Integration Model:
As seen through companies in industries varying from Mining, Trucking, Gas & Oil, Construction, Real Estate, Aircraft Refurbishment, and etc.,
Verifiable Indications:
What appears on paper means nothing without the proof to provide reasonable belief that everything is as it’s said to be. This is always the case with pink sheet stocks. Yet, we are fortunate to have willing shareholders who go beyond the call of duty to be reassured of their investments. In the case of
Here are some photo collections from one shareholder: http://home.comcast.net/~new.p/pblsone/
Just as important as seeing the actual operations, having the company commit to what it says it will do is vital. When it came to a share buyback more than a year ago, the Company followed through on its promise. Checks were sent out to investors who followed through with the company’s buyback plan.
Conclusion:
With a fully diluted market capitalization of $13.75 million at the current price ($0.0055) and a "likely" (I use this term because just maybe this company really has been a fraud for 30 years…) true valuation of the Company’s $131 million, there is nothing that I can say that would emphasize how undervalued this Company is at this price level. With a likely positive net income of $4.88 million for half the 2007 fiscal year, the Company has a share price of 1x P/E. With a mere P/E ratio of 5 as which might be considered reasonable for the Pink Sheets, the Company’s stock should be valued at $0.02/share. Given its precedence, it is highly likely for this to occur in due time.
ALL of this article has been taken from a very conservative outlook, having considered full dilution and the mere “core operations” of the Company (that have been commonly accepted through reasonable belief to be in existence). It neglects the one factor that ought to favorably tilt the scale of risk involved: The recently enacted/signed/proposed (pick one) contract with Komex which was valuated to be worth $6.6 billion over 5 years time. Even if the contract is made null, the possibility for future contracts is left open. However, it was the announcement (rather the lack of follow-up) of this contract coupled with dilution that brought about the most recent downward spike of the share price. The very share-price floor that had been so perfectly drawn less than a few months ago was broken briefly on Oct 3, only to be re-established on Oct 4.
Nevertheless, taking this possible contract out of the question, we are left with the very probable truth that the Company’s share price must ascend once again on a reasonable valuation of the assets and deals not currently in question.
Suggestion: Buy.
Companies Owned by
(courtesy of the I-HUB message board)
Phoenix Associates Land Syndicate, Inc.:
http://www.pbls.biz/
ProGas, Inc.: 226 East Gibson Street Covington, LA 70433
http://www.progasinc.com/
Sam's Oil Country Inspection Services, Inc.: 1509 Hwy 135N Kilgore, TX 75662
http://www.iedds.com/
CM Ideal Energy Services, Inc.: 1509 Hwy 135N Kilgore, TX 75662
TCB Properties
3-D Builders, Inc.:
3-D Creations, Inc.:
Bayou State Trucking, Inc.:
Ann Arbor Pool Builders, Inc.:
Mid-South Resources, Inc.: 2025 Regency Road -
Rome Oil & Gas, Inc: 2025 Regency Road - Suite 201 Lexington, KY 40503
Best Jets Engines, Inc.: 3743 Airport Drive Denison, TX 75020
Best Jets Airframe Services, Inc.: 3743 Airport Drive Denison, TX 75020
Best Jets Sales & Management, Inc.: 3743 Airport Drive Denison, TX 75020
Jet Makers, Inc.: 3743 Airport Drive Denison, TX 75020
Murphy Sand & Gravel, Inc.: 42435 Honey Island Swamp Road Pearl River, LA 70452
Great Lakes Pool Plastering, Inc.: 522 North Maple Rd Ann Arbor, MI 48103
http://www.annarborpools.com/temp48/Home.aspx?did=1328
Noble Jet, Inc.:
Southern Concrete Crushing, LLC.:
Superior Avionics:
Jet Aviation Services, Inc.:
Creston Aviation:
http://www.crestonaviation.com/ (
Able Building Company, Inc. (
Other Companies Either Owned or Related to
Best AeroNet, Inc.: 3743 Airport Drive Denison, TX 75020
http://www.bestjets.aero/
http://www.bestaero.com/
http://www.texomajet.com/
Bimini Island Air : Fort Lauderdale Executive Airport (FXE).
http://www.flybia.com/
True North Aviation: Fort Lauderdale Executive Airport (FXE).
Tchefuncte Harbour Townhomes.: Madisonville,LA 70433
http://tchefunctemarinatownhomes.com/index.htm
Great Lakes Pool Plastering, Inc.: 522 North Maple Rd Ann Arbor, MI 48103
http://www.annarborpools.com/temp48/Home.aspx?did=1328
Leisure Direct Inc.: 1070 Commerce Drive Perrysburg, OH 43551
http://www.leisuredirectinc.com/
Murphy Sand & Gravel, Inc.: 42435 Honey Island Swamp Road Pearl River, LA 70452
Rock Concrete, LLC.: 504 Water Street Madisonville, LA 70447
United Soils of Louisiana: 504 Water Street Madisonville, LA 70447
PBLS LLC.:] 504 Water Street Madisonville, LA 70447
Bayou State Holding Corp.: 2 North Bonita,
Clifton James & Associates, Inc.:
Posted by Peon at 6:21 PM 3 comments
Tuesday, July 31, 2007
Advanced Growing Systems Inc. (AGWS)
Advanced Growing Systems Inc. -- AGWS.pk ($0.65)
http://www.agsincorporated.com/
~22.5 million O/S
Float: ~5 million shares
Introduction:
A parent company of two subsidiaries, Organic Growing Systems and Advanced Nurseries Inc., AGWS is a vertically-integrated wholesale distributor of organic fertilizer and nursery products operating primarily in the booming Southeastern U.S. Poised at an annual growth rate of 100%, AGWS retains a positive net-income, holds audited financials, and has obtained its first institutional investor. Despite a 2007 financial outlook of ~$20 million in revenue and a rough 30% gross profit margin, AGWS is an unknown in the investing community.
Notes:
1) Growing demand for organic fertilizer
2) Fastest growing market in the South East U.S. for landscape products
3) VERY low trading, about 1-10 trades a day.
4) Pump-free PR's (averaging 1 monthly PR to update revenues received)
5) Vertically integrated model
6) Expanding exponentially (started last year, now has 3 nurseries & recently bought a manufacturer for its organic fertilizer)
7) Company's brand of fertilizer reduces the amount of water needed by nearly 2/3
Posted by Peon at 5:40 AM 0 comments
Thursday, July 26, 2007
A Tale of Two Sinners
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IMPORTANT !! Before reading, refer to this post: Keeping an Eye on the Sinner
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ONGO (On The Go Healthcare Inc) – OTC:BB
Share Structure:
100 million A/S
Notes:
1) Has reverse split and diluted at least once – VERY BAD
2) A Multi-Industry Value Added Reseller (VAR) catering to many Fortune 500 companies
3) Has made progressive steps to reduce operating expenses and improve synergy through organic growth.
4) Has had increasing revenues through aggressive acquisitions with a renewed company focus – technology.
5) Has recently eliminated debt prematurely.
6) At 100 million shares outstanding (full dilution) at $0.01, the company is valued at a market cap of $1 million. Highly UNDERVALUED (recall the $30 mil+ in annual sales).
Suggestion:
This one is still falling like a rock, and justly so. The CEO will not hesitate to squash investors in order to inch the company towards profitability. Nevertheless, the synergy and organic growth that ONGO’s concentrated subsidiaries ought to yield over the next few years will likely lead the company to profitability and beyond. This is based on the inevitably growing technology sector and the loyal company clientele. Watch for signs of profitability over the next year and cautiously decide whether to get in. At a $1 million market cap (full dilution, in theory), the company is a bomb waiting for the right time to go off… if it ever goes off.
MTTG (Material Technologies Inc) – OTC:BB
Share Structure:
82 Million O/S (
106.83 Million O/S (checked on Yahoo!
Notes:
1) Recent LA Business article
2) A Good Overview by Larry Oakley
3) “The world’s only non-destructive testing device able to find growing cracks in bridges as small as 0.01 Inches in length & even under the surface.”
4) Has been in development for 10 years, and has FINALLY reached marketing
5) Has received first contracts with a state DoT, several state DoT’s have expressed interest
6) Technology has the potential to expand beyond bridges (railways, airplanes, etc)
7) Stock has reverse split and been diluted many, many times – VERY BAD
Suggestion:
MTTG’s potential is amazing, but it has taken years of walking over investors in order to reach a point where the product has become marketable. Since the government bureaucracies will be the main buyers of the technology initially, expect huge lags to get this ball rolling. It’s difficult to get a read on how big the market for this product is, but it is clear that it has major potential for years on out in light of an aging system of transportation infrastructure. Watch for contracts that will make this company profitable. Also watch for steady share price turnaround indications prior to committing.
Posted by Peon at 12:26 AM 0 comments