Phoenix Associates Land Syndicate (fka PBLSQ)

[midas716]

I have to agree 100% with that. Something is seriously amiss here if a company is recommending you get your certs from your broker. In all the years I have been trading this is a first. Even from pinky land. The company is definately counting shares. Why?.

The only logical reason I can think of is this. What if the company is selling just as many shares as it is buying. Their share count will remain the same but the O/S and float will increase if those bought back shares are not retired. This would explain the volume we have been seeing without much of a price movement. Who is selling all those shares! This is an extremely good PPS level for them to do this. Why then would the company do this? The only reason I can think of is they plan on doing an R/S before the financials. They will lose nothing by doing this and gain everything in return. They will still have the same amount of shares but a much lower O/S and float. Perfect to have a very serious run when they release the financials. It is the shareholders who would be hurt by this. Yes?

Management seems in no hurry to get the financials done and increase the PPS. Why?. They have had plenty of time to get the financials done. The complexity of 19 companies should not be a problem. Most of those financials should have been audited before the acquisitions. Whenever I see a company release a PR stating they are buying another company, It is usaually followed with "The acquisition will be finalized when an independant audit is complete". That is usually the process when a company buys another. The audit is usually done before the company is acquired. Why then should it take so long for PBLS audit to be completed. I am quite sure PBLS knows the audited financial situation of a company they are going to acquire before it is acquired.

Enough is enough with this already. PBLS is stalling. WHY?

Any and all comments are welcome. Pro and Con.

midas