The buy back statements have only been definitive once. That they completed an 110,000,000 buy back and even then left it open
“MADISONVILLE, LA - Apr 26, 2006 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC: PBLS) announce today that it has completed the stock repurchase program announced last November 9th with the buy back of more than 110 million shares of its common stock. The Board of Directors of Phoenix and its advisors have agreed to continue the stock repurchase program for an unlimited number of shares of Phoenix Common Stock. The Company believes that at current levels, the stock of Phoenix remains strongly undervalued and does not give any meaningful impact to the strategic acquisitions of compatible companies over the past twenty months.”
We never heard how many they bought back in cert. We do not know how many are being bought now
“NEW ORLEANS, LA – August 11, 2006 - Phoenix Associates Land Syndicate (Phoenix) (Other OTC: PBLS) today announced that effective August 15, 2006 it is rescinding a stock buy back program that was announced on June 19, 2006, a stock repurchase program under which the Company had offered to repurchase up to one hundred million shares of its common stock at a price of $0.03 per share.
The Company indicated that it will honor the buy back of shares at $0.03 per share that are sent to the Company in certificate form via “Certified - Return Receipt Requested” mail that is “Post Marked” on or before August 15, 2006, as per the detailed instruction contained in the Phoenix news release of June 19th. Any certificates that might be received by the Company that are post marked after August 15, 2006 will be returned to the sender.
The Company further indicated that it is now in the process of an open market buy back of its common stock, up to one hundred million shares when combined with the shares that may be repurchased under the above program that is being rescinded.”
We do know that some checks were issued but not how many. They got cash for the soil deal
“NEW ORLEANS, LA – July 20, 2006 -- Phoenix Associates Land Syndicate (Other OTC: PBLS), a holding company with assets and/or interests in sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries, announced today it has received an order for 2.5 million cubic yards of material from its Murphy Sand &Gravel (MS&G) mining site in Pearl River, LA.
The Company indicated that this order was placed through United Soils, Inc. of Ray, Michigan, and will be processed through MS&G under a new Phoenix trade name United Soils of Louisiana, and will be filled in 35 – 45,000 cubic yard releases that will go to the US Army Corp of Engineers via second tier contractors.”
They got a contract from a GE subsidiary; GE does not play with scams.
“The first stage of the Aviall contract begins this week with the arrival at the Best Jets facility in Denison, Texas of 133 GE J85 turbo jet engines, along with afterburners and other related items for use on the engines. The J85 turbo jet engine powers the T-38 military jet trainer as well as several other models of aircraft operated by the US military and scores of foreign governments. Best Jets’ work scope on the 133 engines begins with disassembly, followed by cleaning, inspection, categorizing, repairing, tagging and drop shipping parts directly to Aviall’s customers. Some engines will be overhauled or repaired, tested at Best Jets’ Test Cell and returned to service. According to George Ottendorf, Engine Program Manager for Best Jets, Inc., the anticipated revenue will be millions of dollars per year over the life of this one contract.”
3D builders will be busy for 10 years
Oil & Gas; we do not know income levels now
Net income from ongoing operations from those 3 drilling companies
New Equipment at the mine:
“The following equipment is being added to the MS&G mining operation immediately.
Equipment:
Caterpillar 950F Front End Loader
Aztec S-5 Portable Screening Plant
Caterpillar 330 Excavator
John Deere 650 Dozer
Caterpillar 966G Front End Loader
Excel – Radial Stackers – 4 Units
NADDA Computer System
Power-Screen Stationary Screening Plant
ALCO 10 X 8 Fully Equipped Dredge
Pit Hog 8 X 6 Dredge
Cutterhead 14 X 12 Dredge (350% capacity vs a 10 X 8 dredge)”
Share price of .009 - .03 in last few months.
Now; you could eat 5,000,000 shares a day and no one would notice. Price average of .015 over the last few weeks = $75,000
1,000,000,000 shares at .02 = $20,000,000…. Not saying they would buy this but think of this.
PA & Wife will retire one day, most likely in 5 – 9 years. Why have the headache of running a company. If PA & Wife have 100,000,000 shares worth $3 to $5 bucks and declare .10 cent dividend every year then they live fat on the hog.
The Achilles heal will be the interest paying preferred shares.
I believe that this company is sucking up shares to shore up the share structure part of the equation on the cheap. That would go a long way to blasting through the .12 cent pps level and with it the short position if any would become a bull buying market.
Just a dream, but they do have the cash flow to do it.
AI
