Phoenix Associates Land Syndicate (fka PBLSQ)

[MrPastorious]

how bout this....
directly from the Securities act of 1933...

http://www.law.uc.edu/CCL/33Act/sec5.html


Necessity of filing registration statement

It shall be unlawful for any person, directly or indirectly, to make use of any means or instruments of transportation or communication in interstate commerce or of the mails to offer to sell or offer to buy through the use or medium of any prospectus or otherwise any security, unless a registration statement has been filed as to such security, or while the registration statement is the subject of a refusal order or stop order or (prior to the effective date of the registration statement) any public proceeding or examination under section 8.