Phoenix Associates Land Syndicate (fka PBLSQ)

[momentumtrader]

I very rarely post on this board.
I for one have done a lot of due diligence on this company.
I've watched the videos and read all the comments of people who have visited company. I spoke to Mike Mullshine in great detail many times about the future possibilities for this company. I have spoken to Ron Blackburn a few times as well as once Dennis Kowalski. I owned a million shares prior to the buyback and cashed out, when the stock price drop below three cents. I mailed to separate certificates at two different time intervals and had no problem being paid for both. This told me the company has cash and is honest when it comes to dealing with its shareholders. I currently have taken a much larger position due to the stock being so low-priced compared to its intrinsic value. The company has already announced they expect revenues to be in the neighborhood of 206 million and expect to earn up to 10%.
I did the math for net profit of 6% and came up with 12,360,000. That is a profit of 1 1/2 cents. Give the stock a PE of 15 and you have 22 1/2 cents a share. That is just for this year. The company I know is firing on all cylinders and I expect the company to grow in 07 and 08 as well. I do think this company has potential of being $.50 to a dollar in the future. To say it's undervalued is an understatement.
I am not thrilled about all the naked shorting that's going on and I don't claim to understand it. But I've seen many companies that have had this problem recently. I see it as a bonus because it has allowed me to buy this stock so much below its fair market value. When the company reports next year there will be too much pressure on the stock to not have it trade closer to its fair market value. I personally think this is a no-brainer. I think the upside is phenomenal and the downside is very little. It might be the best investment I've ever seen in my eight years of trading bulletin board companies and pink sheeted companies. Good luck to all longs.
Let's just pray for that short squeeze. Because if we do get a true short squeeze. We will end up being rich. The amount of shares I estimate being naked shorted are over 400 million. Good luck trying to cover that one boys.
If this short squeeze happens and people don't sell but even by on the way up it could send the stock with over $10.
I am not counting on this of course. But what a beautiful thing it would be if it ever happened.