Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

SC - "why in heck DID they need those extra shares especially when we were in a buyback status"

In order to raise the A/S of preferred shares they had to raise the A/S of their common shares. It was written in their corporate by-laws as such. But again, unlike some, I do not believe that just because a penny has A/S doesn't mean they use ALL of the A/S.