Phoenix Associates Land Syndicate (fka PBLSQ)

[monkeyfrog]

You hit on what gripes me and most investors who have or had invested here . The gravel pit was a great move- give PA all the credit . He took out the loans put his butt on the line and made something outta almost nothing - [ understanding that Katrina fast forwarded the business model there considerably] . That's when the TA was ungagged and the float and OS were relatively tiny. So at that point PBLS was in prime shape to use the revenues from the pit to grow the company and increase the PPS dramatically. What happened after that is the problem, and I think the problem is escalating, especially with all the cash going to the "dividends" etc. If you'll re-listen to the radio broadcast- PA was asked why PBLS or when PBLS [ I'm para phrasing] would become or why wasn't PBLS profitable. If you listen PA dances around and finally mentions increasing revenue by an impressive amount- but when he had the chance to tell all the listeners and the world- he did not say PBLS was profitable. And that's why I think PA needs to come clean with the shareholders and explain his new/existing plan on becoming reporting and profitable and what time line could be expected now after all the new aquisitions. IMO Thanks for your thoughts!