Phoenix Associates Land Syndicate (fka PBLSQ)

[MrPastorious]

It's pretty obvious that they had the TA gagged because they were selling unregistered (meaning w/o a registration or offering statement) shares to raise capital. I would imagine a large part of the audit has to do with the accounting of all the shares issued w/o a registration statement. I do not think it would preclude them from being fully reporting. I am not in the mood to contact the SEC or an attorney to figure out the answer.