Phoenix Associates Land Syndicate (fka PBLSQ)

[monkeyfrog]

You didn't come across like a smart #ss at all. That's my job normally.

The problem with the restricted common is we don't know the specifics. What is the restriction and are there strike prices or triggers that allow for sale of stock if certain restrictions are broken. The devil is always with the details IMO. Also if one wants to play both sides of the market- using restricted shares is a nice cushion if one goes short after a run. For as many businesses as PBLS has aquired or has interest in- I'm amazed at how little public info is available-

The 100mil buyback offer is a double edged sword imo- PBLS says up to 100mil at .03 but that means they could theoretically buy only 1 share and fulfill that promise- on the flip side it tells an average investor on the street that PBLS is presently valueing it's company at .03/shr- which isn't a resounding endorsement.imo.

I guess in the company's defense is that if they aren't going to honor the buy back- they could have said- we'll buy back up to 100mil shares at .10 to boost the price and then again only buy one share. Not sure how the securities act actually works on companys good faith offers.