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No idea but would like to see some
Helllllooooooo!!!??? Why is there movement here today???Anyone know???
Christmas greeting to PA> rot in hell you SOB!
Almost a decade and people still ask if it is dead.....
Amen! Thank you for the advise. Maybe it won't be a complete lose. I've held on for years but I don't see this ever recovering at this point. Had a family member involved with Sam's Oil. Thought this was a good investment. Little did we all know!
You can have your broker deem them untradeable and worthless. You can then take them as a tax loss. Talk to your broker.
An expensive lesson learned...
Good luck
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CRY! Thought I'd beat everyone to the punch
tdbowieknife- I am holding 25 million shares. What do you recommend I do? Can I still get some benefit for taxes or something? Don't see this ever recovering. Been holding for years. Please advise.
Only if you can get somebody to buy them. You could put in a few small orders for .001 and you may get real lucky. Grey Market is matched trades only. MM's can't make a market your broker will need to match it up with somebody. With the volume here it will be tough to sell 680,000 shares. I'd break it up @ .0001 and write it off. If no takers in a week or two have your broker deem them untradeable and get the tax information from them.
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Buyer Beware
Red Flags Galore...
Ron Blackburn Scam
Grey Market
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Preciate that. Are the stocks I own of any value? TIA
No... PBLS is not viable. Still a bankrupted scam though it still trades occasionally. There was a trade of 7500 shares @ .001 on 9/20, that is why you see the increase. These spent Grey Market stocks, for a variety of reasons, do that. It will very likely go back to .0001 or less next trade. There is no real volume to speak of. That's key to making any stock "viable".
http://ih.advfn.com/stock-market/USOTC/phoenix-associates-land-syndicate-gm-ce-PBLSQ/historical
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Buyer Beware
Red Flags Galore...
Ron Blackburn Scam
Grey Market
Hello out there - Question to anyone who knows anything. - is this a viable stock again? I hold 680,000 shares which were at No Bid when all of a sudden Scottrade has put a value of $680.00 on it. Could this be right? TIA
Sawdin do it in October.
But no RS! You cant do that.
but I will help you real in the preferred's if you are willing.
Start with Larry!
You don't know that. It might be possible, and if it was, it might be worth it to do so. Dirty shells get cleaned up. The biggest reason they usually do not is b/c there are often millions in liabilities on the books. If PBLS has zero liabilities, it comes down to the following:
Can shares be audited? Not sure, would have to find out from Transfer Agent.
Can new company that is put into the shell be audited? If not, you find a company that can be.
Can you find a MM. You can, if you pay them.
FINRA/SEC should not be an issue if the new entity is legit and is not associated with 'bad actors'.
DTC signs off: This one is the trickiest, but if there isn't a chill or lock on it now, that makes it easier.
I know it can be done with a de-registered shell. It's been done before and I'm working on cleaning up one now.
If this thing is still hanging around in the fall, I'll have time to look into it.
Clean shells can be expensive, cleaning up a shell can be much less. If the shares can be audited, and all of the BS shares eliminated, this POS could potentially get relisted. Find a real company and real directors, do an S1 and find a MM to file 15c211 info. Why would MM do that? B/c they get paid and then they make money when it trades.
Heck, you might be able to use Reg A+, if the new entity is not disqualified under the “bad actor” rules and, in particular, Rule 262 of Regulation A+.
Here's the key, those shares that were previously trading would immediately be eligible for trading if FINRA issues a new ticker symbol and DTC signs off.
A DTC chill is supposedly the "Kiss of Death", but I had one removed and didn't even use counsel.
Look, all I'm saying is that it might be possible, and if it was, it would be worth it for 100 shareholders to kick in some money.
If the share structure could get cleaned up, and the shares could be audited, you could find a company to put into the shell, and find a market maker to submit 15c211 info to FINRA. Of course, you will have to pay them, even though they are not supposed to be paid for submitting the 15c211. However, they get around that, and if you want a MM to make the submission, you will have to pay. I believe you could also file a Form 10 w/ audit and then be OTCQB and fully reporting right out of the box. But would have to check on that. I'm working on cleaning up a de-registered shell now (yes, different), and if you have a legit business, you can relist. FINRA/SEC is more concerned about whether the new entity is legit, not the former shell. They are concerned that no additional people get scammed. From SEC perspective, those who were scammed are water under the bridge, they just don't want any additional people to get scammed.
The two biggest problems are whether the shares can be "audited" and whether you can get rid of all of the, IIRC, preferred shares that were handed out.
Yep. It's over. Nothing left to do here.
sawdin, plenty of clean shells out there. pbls has the stench of a Louisiana swamp all over it.
That can't happen... They could reduce the A/S if they could buy the shares back, but a R/S is out of the question. FINRA would not allow such a corporate action for this stock. They are aware of the fraud as is the SEC. PBLSQ also does not have a Market Maker sponsoring them and the reason they are on the Grey Market. This stock cannot move from the Grey Market until they do have a MM willing to sponsor them and file a Form 211 on thier Behalf. That will never happen has it is not worth the trouble to try. PBLSQ is not a SEC registrant and has a question of fraud, no Market Marker will touch it. It will languish on the Grey Market till it is finally deleted by FINRA.
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Buyer Beware
Blackburn Scam
Grey Market
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If the share structure could be cleaned up, it would not cost that much to turn it into an OTCQB stock, and one that potentially has zero liabilities given the BK.
Its was suspended by the SEC and relegated to the Grey Market. Nobody will want to try and clean it up. Its a tainted scam forever.
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Thanks....if the share structure could be "fixed", cleanup would not be that expensive.
I would think the bankruptcy case has been finalized as there have been unsuccessful appeals.
https://dockets.justia.com/search?parties=%5C%22Phoenix+Associates+Land+Syndicate%5C%22&cases=mostrecent
PBLSQ stock cannot be revoked by Section 12(j) action as it is not an SEC registrant. It's up to FINRA to delete the ticker PBLSQ as it is a "Dark: Alternative Reporting Standard". It last traded 2/4/2016 with 45,000 shares.
http://ih.advfn.com/stock-market/USOTC/phoenix-associates-land-syndicate-gm-ce-PBLSQ/historical
It's up to FINRA to delete the ticker PBLSQ as it is a Dark: Alternative Reporting Standard and not a SEC registrant.
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Buyer Beware
Blackburn Scam
Grey Market
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Have the Bankruptcy case/proceedings been finalized?
Did the SEC de-register the shares via a 12-j action?
TIA
Has the Bankruptcy case/proceedings been finalized?
Did the SEC de-register the shares via a 12-j action?
TIA
RB will end up back in the crossbar hotel for his OIL SCAM and alonzo is rotting in hell!
Blackbeard, our family thanks you for stealing all our money, you deserve everything coming to you and much much more.
That's typical of almost all these trials to motion for dismissal. Lawyers just doing their thing..
See the motion for summery judgment submitted by Blackburn? Quite the load of Bullshit...
https://drive.google.com/file/d/0B8fPIL-cKPM-ZnptdjBTY0ppQ3M/view?pli=1
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Grey Market
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Another interesting read regarding Ronald Lee Blackburn.
sec-exch-commn-v-blackburn
This would be of interest to all investors stuck in a Grey Market POS scam stock like this stock PBLS. Another Blackburn scam with any thoughts of getting off the Grey market and back onto the OTC pinks...
These guys simply gave up because it was pretty much an impossibility for these guys and they weren't even charged with fraud by the SEC.
http://blog.mtpprods.com/2015/08/07/shareholder-update-3/
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Grey Market
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It's now an SEC suspended Grey Market shell that nobody would ever want even to use, even for a scam... Just not worth the trouble to try and get a 211 approved by FINRA to trade as an OTC pink that would be next to impossible to do.
One of these years FINRA will get around to deleting the PBLSQ symbol.
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Grey Market
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Will MNVN be back in play again?
hugie, YES PBLS will trade again > as soon as the TITANIC sails again.
Look elsewhere for a miracle. This POS is deader than a doornail.
Thanks for your reply
I don't know for sure, but I would think it would still have a value as a shell. IF bought one day, then maybe something positive could happen with it. Maybe someone else can give their opinion on that possibility. SM
Is any chance for this stock to Recover? Can anybody advice?
RB tossed him into the sea
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one year daily chart
________________________________________________________________________________________________________________________________________
CONVERSION FROM CHAPTER 11 TO CHAPTER 7
UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF LOUISIANA
IN RE NUMBER
PHOENIX ASSOCIATES LAND SYNDICATE 09-11743
SECTION "B"
DEBTOR(S) CHAPTER
To Be Converted to
CHAPTER 7
ORDER CONVERTING PROCEEDING FROM
CHAPTER 11 TO 7
Considering the motion of PHOENIX ASSOCIATES LAND SYNDICATE to convert
Chapter 11 proceeding to Chapter 7 filed on July 30, 2009;
IT IS ORDERED that the proceeding filed herein by PHOENIX ASSOCIATES
LAND SYNDICATE on June 10, 2009, be and it hereby is CONVERTED to liquidation under
Chapter 7 of the Bankruptcy Code.
IT IS FURTHER ORDERED that PHOENIX ASSOCIATES LAND SYNDICATE
file a list of all obligations incurred during the Chapter 11 proceeding which remain unpaid.
Said list is to include each creditor's full name, complete mailing address, and the amount owing
and is to be filed with the Court together with an updated mailing matrix no later than AUGUST
17, 2009.
IT IS FURTHER ORDERED that PHOENIX ASSOCIATES LAND SYNDICATE
file with this Court and with the U. S. Trustee, no later than AUGUST 17, 2009, a financial
statement showing its operations during the Chapter 11 proceeding. Said financial statement is
to include a balance sheet and profit and loss statement together with a list of all assets.
09-11743
IT IS FURTHER ORDERED that should the debtor fail to comply with the foregoing
orders, citation for contempt and/or sanctions may be issued.
IT IS FURTHER ORDERED that the U. S. Trustee appoint a trustee in the converted
proceeding.
New Orleans, Louisiana, July 31, 2009.
_________________________
Jerry A. Brown
U.S. Bankruptcy Judge
Phoenix Associates Land Syndicate Chapter 11 BK Case No 09-11743 Filed June 10, 2009 Assets 0 (at this time) Liabilities $16,988,271.51
Bankruptcy Attorney
Claude C. Lightfoot, Jr. P.C.
424 Gravier Street Third Floor
New Orleans, LA 70130.
Phone: (504) 838-8571.
Fax: (504) 838-8572.
clightfoot@claudelightfoot.com.
www.claudelightfoot.com/
Phoenix Associates Land Syndicate, Inc.
504 Water Street Madisonville, LA 70447
http://www.pbls.biz/
________________________________________________________________________________________________________________________________
Ticker Symbol: PBLSQ
Share Count Information:
A/S: 2,875,000,000
O/S: 2,765,645,475
Restricted: 54,361,761
Standard Registrar & Transfer
Phone 801-266-7151 (Amy)
_____________________________________________________________________________________________________________________________
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