Am I Crazy with rose colored glasses on ?

Question

I have spent one and a half years researching this Company "Phoenix" Ticker: PBLS
They have not filed in over 8 years. Thats why its at a penny.
In multiple PR's the company said it will file early 2007 The 10 form showing 206 million Revs with 21 million + profit with little to no debt with 815 million outstanding thats .025 EPS for 2006
They have more going than most AMEX stocks.
I am about to "Load the truck" so to say but I would like some other opinions before I do this.
I have spent well over 3000 hrs of DD and research on this stock and think it is the best value
on the planet. I am not telling anyone to buy this
stock .
Just want to see if I have all my cookies ? LOL
I posed this question yesterday but did not get alot of responses.

Thanks

Answer 1

ok if you say so

Answer 2

My first question would be - why don't I see any insider buys? If this company is really so great, then I should see some insider buying. I don't see anything with this stock. Another thing I see that I don't like - it seems like they are involved in every business under the sun. for a small business I want to see some focus. I want to see some specialty that the company adds value to. I don't see that here. I could be wrong - I just spent a few minutes looking into it.

If you want to see a focused over-the-counter stock, take a look at Tower Tech, TWRT.ob, they make wind tower support structures. Here is a link on the company:

http://www.top10traders.com/ViewPost.aspx?postID=82

This is from http://www.top10traders.com

If you put in as much research as you say, then take a chance and buy some. I would certainly start off small though. The problem with .ob and .pk stocks is that the trading volume is so small that you can get locked into a large position. So be careful.