Phoenix Associates Land Syndicate (fka PBLSQ)

[MrPastorious]

divideds to cert holders is a no go..

First off, dividends go to ALL SHAREHOLDERS OF RECORD... If there are shorts, the shorts are responsible for paying the dividend. To give only cert holders a dividend would give the fails to deliver no reason to cover, since they would not have to pay the dividend. If there are 800 million shares issued and out, but there are 1.3 billion shareholders of record, for example, there would be, by definition, 500 million fails to deliver in the system. These fails would be debited by their broker/dealer on ex div. day. Failure to do so would open a can of worms that could be the begining of the end for this NSS BS. It is my belief that if PLBS does not give a dividend, it would give me reason to believe that they are complicit in the NSS of PBLS.
The real reason to give a quarterly CASH dividend (no worthless stock dividends, no warrants, no stock splits, no other PAPER bs) is to make it cost the fails to delivers.. if they want to continue, let them know it is not free.
Look, there NSS are in this to make money. It has been pretty easy for them, and if it starts to cost them REAL CASH, they might just take their ball and go home.