Phoenix Associates Land Syndicate (fka PBLSQ)

[odi33]

Question about Chairman's Letter on Website..

quote: "All of us at Phoenix believe we have a grossly undervalued stock. A few of our more highly qualified stockholders have analyzed our stock and collectively believe that our stock would be more fairly valued in the area of a dollar."

This letter was written after the increase in authorized shares. Today we are trading at less than 1.5 cents. $1.00 is a pretty bold valuation...no? It doesn't even make sense based on what is happening to share price lately... Why not just leave it at 'our stock is undervalued." But to put a number like $1.00 on it...

Then again, Phoenix folks do have the advantage of looking at their books, oil/gas income potential, and have insight into other growth opportunities that I do not. Maybe they know something I don't...? :)