Phoenix Associates Land Syndicate (fka PBLSQ)

[quiet]

They just don't understand that having them authorized would actually mean anything to investors. IMO, they didn't really understand the reaction back in December. I think that as far as they are concerned its like having an extra book of checking account checks even though you are using your check card now. IE "What the hell.. they aren't hurting anyone so why not have them sitting there."

Stock market naivete IMO, but on the other hand, I believe they are straightforward and do what they say and are performing. Any other company and I'd probably be po'd but I really believe they don't understand that investors look at those blank checks a little differently. ;)