Phoenix Associates Land Syndicate (fka PBLSQ)

[tedwitt]

Wonway,

"Revenues: $165,971,862,
Outstanding shares: 2 billion
Net income: $6,649,963 (It is probably higher due to the stock buy back program, but mostlikely no lower as they had no cash on had at the end of 2004)."

Revenues...165,971,862 large chunk is ProGas.

Net income... 6,649,963... That is just what they had in the bank. I could have 50,000 in the bank at the end of 2006 and at the same time I could owe the IRS 35,000 of it.

A/S 2 billion... what part is O/S???

What I am trying to say here is this;
They could release some solid numbers. They have the numbers from all of the companies that they have taken over. They at the very least know what they owe the IRS. That figure divided by the tax rate would give net income...

If they are chewing up shares at .03 - .031 in the open market. Shares that are really worth .25, then I want the opertunity to sell them some of my shares at .25