Phoenix Associates Land Syndicate (fka PBLSQ)

[Whirligig]

The Ugly......

Very good and well thought out post. Not boring at all.

The one thing that keeps gnawing in the back of my almost confident mind is the #1 ugly.

AS increased to 1.75 billion and no shares retired. With 15 million shares traded each day, I always wonder where they are coming from.
1. Are there that many shareholders giving up on PBLS daily selling and holding the pps down?
2. Could be holders from past acquisitions that received shares in the .0041 era taking profits?
3. Could they be the 75 billion unissued shares sitting in the cookie jar of PBLS office? Could PA be selling the cookie jar shares to put cash in PBLS coffers? He said he is not and I have no reason to disbelieve him...... but shares are coming from somewhere and we have no transparency.
PA does seem to have a slash and burn philosophy and seems determined to make PBLS a success. If the cookie jar shares were sold, it would increase cash and increase equity of shareholders. Many here would benefit from the opportunity buying cheap shares and the pps would have no where to go but up when information is disclosed.
These are the thoughts of a shareholder with minimal and unaudited financials.

This could turn out either way...... but I am sticking to my guns and will accept the result knowing life is full of disappointment but also offers opportunity.

Go Pebbles..........