Phoenix Associates Land Syndicate (fka PBLSQ)

[MrPastorious]

if they have what they say they have in the way of shares, and depending on how the preferred are accounted for, its a huge hit. If they don't its a huge hit for the attorneys. I have no doubt that they have what they say they have as far as businesses, the question is the capitalization. It is obvious the street does not believe any of the numbers they have thrown around. This one is like a long term option, its an all-or nothing deal.