Phoenix Associates Land Syndicate (fka PBLSQ)

[Waverider110]

"certain potential acquisitions in view"

From yesterday's 2nd PR:

"...The Company explained that the driving reason behind this corporate action to increase its authorized shares is the fact that the company was getting low on the number of unissued preferred shares, and since it uses preferred for acquisitions and has certain potential acquisitions in view, leadership felt that they needed to take timely action to increase the authorized preferred shares..."

I say one "potential acquisition" is some illusive horizontal oil & gas driller that we have all speculated on here for quite few months now.

Something like this:

http://www.mergernetwork.com/static/details/94099.htm

http://www.mergernetwork.com/static/details/92278.htm