Phoenix Associates Land Syndicate (fka PBLSQ)

[tedwitt]

Most likely because we have re-hashed every scenario we can think of and then we re-hashed it. We have beaten so many horses here that they are piled up like cordwood. In all seriousness the only thing left to do is continue to be vigilant with our DD and share the results and wait some more. I think management would use this time wisely by buying back shares and begin to keep its shareholders abreast of what is going on now that we will not be evicted from the pit.

Now see the other side of the legal situation. There are three suits if I am not mistaken. That could result in three good PR’s. Remember the rise to .05 on the news of closing some legal dispute?

You want to discus “inconsistencies”?

1) OK, what pinkie that is actually screwing their shareholders would ever send a check for their certs?
2) What pinkie scam would invite investors to drop in?
3) What pinkie scam actually buys their stock back instead of R/S and flood again?
4) What pinkie scam would publish an organizational sheet like that?
5) What kind of company owners would sell their companies to PBLS for preferred shares of a company that will not be around in 5 years?
6) What pinkie scam would tell their investors that ProGass income will fall short in the 4th Q07 due to low NatGas prices and still expects to gross $81 million?

I am not happy with all of what has happened but these are the “inconsistencies” that do not add up that continue to keep my interest.

If the court day was a “D-Day” for the company and they managed to scrape by then in my mind there are several issues that can provide good PR’s
1) Concluding legal disputes
2) Packaging out WY & NV in a drilling JV
3) Increased pit production
4) Share structure
5) Details on buy back completion
6) Profit details on BestJets engine contract (PS GE does not deal with scams)
7) Update on construction activities
8) ProGas one year later
9) FORM 10
10) All the other stuff that happens