Phoenix Associates Land Syndicate (fka PBLSQ)

[MrPastorious]

you also do not know what registered shares are. I cannot sell unregistered shares since I am not the registrant (that is the company) selling shares by the company to the public, with the proceeds going to the company, must have a registration statement on file with the SEC, whether it is a private placement, a secondary offering , an IPO or whatever. To do so without a registration statement is called (get this....) selling unregistered shares.