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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
Lol. Wallpaper deco
I have about half that.
Still holding some toilet paper myself. I wish it was a rare thing to be taken to the cleaners by scam companies, but it isn't.
Getting ready to retire, sell the house and take the money and run to northern CA. Plenty of property in Mendocino county!
Ahhh! The warmth generated by 6,065,748 shares of this POS blanket. A very large reminder to not do this ever again.
If we find the grave I will gladly fertilize and water it.
USC
Bag-Wa,
Still around, check in once in a while, have a shitload of shares sitting in my IRA act. worth nothing.
What about yourself? Michael(@)heinekegroup (dot)com
USC
They are find looking aren't they? I didn't have the heart to turn mine in after 3 years either. They're way too pretty for that.
He was buried at sea. They first wrapped him in Restricted Stock Certificates. He died from a blood clot caused by shaking too many hands at church.
Ummm, like it's gonna be like 10 years in a few short months!!!!!!!!!!!!!!! WOW!!!!!!!!!
Russian, can you find the location of his grave? I sure the grass could use some fertilization and watering.
Where is the proof that Charles Paul Alonzo j.r. Is dead? I have searched every where on the net and can not find anything regarding his death
He's dead but Carolyn is still there to face charges.
YW looking forward to see these crooks put away!
P.S. I know you go back a long time in this one.
Ronald Blackburn and others were arrested by the Feds on Friday in Orleans parish. Details to follow.
Nice! Thanks for the info.
Too bad Alonzo got away. I'm sure he's still shaking hands..
http://www.sec.gov/litigation/complaints/2014/comp-pr2014-281.pdf
I haven't seen you around for a while! Still love the pic!
Ahhh! The good ol' days!
Excuse me now while I go outside and puke yet again.
USC
I gather you are aware of the SEC investigation into Ronald Blackburn and Treaty Energy and the fake oil strike in Belize? check out TD Bowie research.
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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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