Phoenix Associates Land Syndicate (fka PBLSQ)

[notime2wste]

I've been a shareholder of pbls since .042, when the big pump team was here. Sure I'm down, but it was $ I could afford to lose--though I'm still not convinced it'll end up a loss. Haven't posted before--prefer to lurk mostly.

One question:

Paul says, "Total revenues for 2006 are therefore expected to come in at about $206 million. Because of a substantial profit to be realized at the Best Jets Group of Companies, net pretax revenues of Phoenix could reach 10% of gross revenues."

net pretax revenue caught my eye. Pretax revenue is not the same as ebit (pretax profit). As a broker, pro gas doesn't make money on the gas, only their commission. I read Paul's statement to say that pretax revenue is 10%--$20.6 million. From this number we should estimate profit percentage right?
If I'm wrong about this, then our CEO should be more careful with his words.

No time