Phoenix Associates Land Syndicate (fka PBLSQ)

[kimac_1]

Renavatio/I see that you make the following statement:

[And BTW, Phoenix currently does not claim to use restricted shares for acquisitions (and I can find no evidence they ever did)] *****Then please look at the July 1 2005 PR!*****

If you'd been in this stock since July 2005, and or read the July 1, 2005 PR which can be found on the PBLS web wite, you would see that your stament is incorrect. Actually in most cases PBLS uses five year Restricted common shares and in some cases they in addition use Preferres shares, depending on the deal they work out. I got this from talking to their Director of acquisitions Ron Blackburn, and it is also stated on the above mentioned PR, which can be found on the following link.
http://www.pbls.biz/pressrelease_content.asp?prid=22
kimac