OTCPK:PILBF - Post by User
Comment by
seatleslimon Jul 23, 2017 11:26pm
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Post# 26500050
RE:RE:why the company is not taken seriously right now
RE:RE:why the company is not taken seriously right nowI have to say that I don't necessarily have an issue with current management. Fine sand and PoLB seem like a big deal, even if just beginning to be reflected in the numbers. Maybe Black Bear is even bigger deal (their going to get exactly zero credit for that until core story is validated). My issue is simply the 2015 air pocket. Seems like top oprational guy was promoted to in part to deflect the issue. They must understand that this is at least an appearance.
More likely than not they are straightening things out with Cemex and simply cannot provide a blow by blow account. Even if Cemex are not desperate for the material at this moment, they will need it. I do have a major issue with anyone on that board of directors who drives a car that is more valuable than his position in PLS shares. Clearly there are a couple of hanger-ons for directors fees. It's not so much a question of whether they are aligned with shareholders - they are an embarrassment to shareholders. Summons some honor and move on or buy a few hundred thousand dollars worth below replacement cost/2 times stabilized EBITDA. Shameful, really.