‹~› ‹(•¿•)› ‹~› PBLS has 250 MILLION in revs so far for 2006 as of 4/26/06, and the company could exceed 1 BILLION for the Oil and Gas Division ALONE in 2006. So that puts this company @ 750 MILLION for the year.
Then I say what if they only make 10% net? That's 75 mil.
We know the OS is 890 mil as of current buyback #s.
So, net income div by OS is .08 EPS.
PE = .38
And multiple is .03
So there you have it.
|^^^^^^^^^^^^^^^|||___ | $$$$PBLS$$$$_||||__\ |_..__..___..__.===|=|__|__] ] ] (@)'(@);;''''(@)*(@)******(@)+ =========================================================== 15 months = June 06 for filing.
They have made @ least 2 references to the filing date.
Based on the debt settlement agreement, Phoenix has contractually agreed to begin the process to become fully reporting within fifteen months and has contracted to finish that fully reporting process within twelve months thereafter.
Mr. Alonzo, President and CEO of Phoenix Associates Land Syndicate announced that the Board of Directors made the decision to bring the Company into SEC compliance and to become a fully reporting company in accordance with the U.S. Securities Act of 1934 by mid-2006.
Also, I don't think anything has changed since this other than there are MORE restricted shares out of the 1 billion. Add it up people. I say @ least 1/4 billion tied up in restricted. Add in the most recent deals & restricted shares, and there MUST be very little float. Hey NITE, how do you feel now????
Phoenix, trading on the OTC Pinksheets (Symbol: PBLS) has about 2,600 shareholders of record. The Company has a total of 377,291,802 shares issued and outstanding as of June 10, 2005, of which 228,085,575 are restricted shares, and the remaining 149,206,227 shares are non-restricted shares and considered to be the public "float" shares. Based on the closing price of PBLS on June 10th the Company's Market Cap is about $5.3 million.
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