Phoenix Associates Land Syndicate (fka PBLSQ)

[fizzlegig]

chilar4567

Interesting to note that if you take the last outstanding share count rumored to be given out by the T/A and subtract the last buyback and the ongoing one, it comes to about and around 815 million.

I am fine that they sold for some working capital. It is either that or taking on debt. I just wished it could have been handled a little different and not so "pinky" like. It set a bad tone that will resinate up until we are fully reporting and can see when company takes the piggy bank to market.

We have so much more going for us since I invested here a little over a year ago. I expected to hold for at least a year and to buy when I could. I have held up on my end of the bargain and expect no less than to be fully reporting by June 2007. Anything else is gravy. I know you have held for some time as well, so to you and all longs congrats on making it this far. We are one step closer to whatever our goal is and the reporting finish line, although still wandering through the forest, this PR was a whole lot better than walking around the same tree.

Regards,
Fizzlegig