Phoenix Associates Land Syndicate (fka PBLSQ)

[Cowboy]

Imirish...I think I got what you are saying...yes the resticted stock is tied up for 5 years...but if they are retired then they are out of the market.

The remaining shares that are restricted will become tradable when the restiction period is over. Then yes they can be sold unless of course the price is still going up and the company has more on the horizon..which they shoudl have...in which case it would be foolish to sell just because the shares are unresticted.

But yes I understand where you are coming from...and no you are not brain dead...many that read this board probably needed clarification on this matter so I hope with our conversation they have been answered.

Cowboy