Phoenix Associates Land Syndicate (fka PBLSQ)

[mickvonmerk]

NET INCOME 10% OF GROSS REVENUE = .025 per sharenet
pretax revenues of Phoenix could reach 10% of gross revenues.” was a typo should be something like (Net Income before taxes could reach 10% of gross revenues.) I checked it with Mike Mulshine and he confirmed it.
so 206000000/815000000=.25
.25*.1=.025
.025*.62(38%tax rate)=.01567
what the share price should be? Well at least .03 the buy back price 2x 2006
once the form 10 is filed we can have a multiple not untill then because it is all speculation. That being said we are whay too cheep. the company bought stock back at 2x. we are now at 1 and that was for last year WE ARE IN 2007 NOW.
this is from the sep 26 news flash.
this is my gestimate.