Phoenix Associates Land Syndicate (fka PBLSQ)

[fizzlegig]

Imirish - If they hold for the restricted period and then sell. They will be selling at a much higher range or PBLS guarantees that they will buy them back at a higher range.

To me, this means:
1. If the restricted shares are flooded to the open market higher than the guaranteed price, this would be well above the current range at least from what we know and I think that you, I and everyone else in right now would be just fine with that.

2. If PBLS ends up buying back the shares per the guarantee, (lets just say $1.00 - $5.00), why would they turn around and sell them for a loss.

The way it is set up from what we can tell, either way the restricted shares will be win/win for us, unless PBLS never makes good on them and sinks. I think our odds are pretty good.


Regards,
Fizzlegig