Phoenix Associates Land Syndicate (fka PBLSQ)

[monkeyfrog]

Morning all! I thought I'd throw my .02 in on the surge in volume and the sinking share price. I think it's possible that the company is selling shares. Most likely to fund the cert buyback and to pay the 6% "dividend" that was included in so many of their aquisitions.PBLS in its current state is relying quite a lot on the pit for cash flow and like PA said when it rains there are only a few trucks at the pit. Oil production is down from KY [ I posted back in September that PBLS claims were dubious , now they admit to having to either rework some wells or look elsewhere.]. This supposed cash cow now has many employees to pay [ 100's according to PA per his radio interveiw]. I think it may get a little worse before it gets better here. I think a good trade is going to be available here at some point . But longer term I don't see anything in PA's past business resume that indicates he can put together one company and run it successfully, Now he is asked to assimilate several. Good luck here. all in my opinion ofcourse.