Phoenix Associates Land Syndicate (fka PBLSQ)

[gnulnx]

PNEW

I don't think they intended to reward flippers. I suspect the plan back fired on them. In my mind it's really only a few possibilities.

1) They didn't think the price would drop.
2) They certain restricted shares would be coming on the market.
3) Paul did it for the longs.

I guess there are other possibilities, but it's early and I havn't had my coffee yet today. I will say that when I asked if they would buy shares on the open market I was told yes. I asked this question right after being told only 2 people had even asked about the buyback. That was a couple of weeks ago.

Here's what I think might very well be happening. Someone is selling shares *duh*, and PBLS is buyng them back. Probably the person/group selling the shares is not able to take advantage of the buyback..perhaps they were restricted shares. I do believe that once anyone gets word of someone getting a check from the buyback we should see this puppy move back to 3 cents in a hurry. I think a lot of people are looking at it like...it's just to good to be true.