Phoenix Associates Land Syndicate (fka PBLSQ)

[monkeyfrog]

Thought this was interesting from a SLJB investor/lawyer- apparently if you all [ PBLS holders] could band together and own 15% of the outstanding shares .


To end uncertainty over what properties are owned by the public company, many shareholders are demanding to see audited financial statements and other records, said Ronan Levy, a Toronto corporate lawyer and Sulja stock owner.
Levy is circulating a petition to force the company to disclose financial statements and other records that would reveal the assets of the company and how well the business is doing financially.
Levy said about 150 investors who hold about 40 million shares have joined the petition, about half of the number needed. Based on Nevada law, the state where Sulja Brothers was incorporated, shareholders representing 15 cent of the 500 million shares believed to be outstanding can demand to inspect financial statements, Levy said.