Phoenix Associates Land Syndicate (fka PBLSQ)

[pnew122]

Tt

I “might” stand corrected, and I do think someone pointed this out before to me. It depends how you interpret it. Is it encompassing to “include” the certs, or “just” the certs. Even if it includes both, and they are only willing to buy back 100 mil in certs, why would the open market be any higher? Let’s say its 200 mil total. We have to be close tot that I would think. But my point still remains. Why would a company reward, encourage people to flip shares @ a profit if they truly care about us longs?

Phoenix had previously announced a continuation of the stock repurchase program for an unlimited number of shares. Phoenix's Board of Directors has now clarified that the stock repurchase program encompasses the following components:

http://biz.yahoo.com/iw/060619/0136477.html