Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

SC- I have never noticed any posters but you and one other really talk about the usage of restricted for acquisitions...and the company has never represented that they do.

Please review http://www.investopedia.com/terms/r/restrictedstock.asp and http://www.investopedia.com/terms/p/preferredstock.asp. I still think you are confusing the two.

It would seem from my lurking that most here believe they use Preferred based on...

"COVINGTON, LA - June 20, 2006 - Phoenix Associates Land Syndicate (Phoenix) (Other OTC: PBLS) today announced that it filed a corporation action with the Nevada Secretary of State on June 15, 2006 to increase its authorized shares of common stock from 997 million shares to 1,750 million; and to increase its authorized shares of preferred stock from 3 million to 250 million.

The Company explained that the driving reason behind this corporate action to increase its authorized shares is the fact that the company was getting low on the number of unissued preferred shares, and since it uses preferred for acquisitions and has certain potential acquisitions in view, leadership felt that they needed to take timely action to increase the authorized preferred shares."

But again, there was no need to use Preferred or Restricted to "acquire" the pit because they never "acquired" the pit. The acquired the lease as a sublease for $100 and then proceeded to mortgage that lease to raise capital.

Seeclear...I have the tendency to come off as a know it all. I have been in some form of teaching roll for the last 10 years so I have a tendency to switch into pastor/teacher role very easily. Sorry if I have offended or seem to be lecturing.

Ren