Phoenix Associates Land Syndicate (fka PBLSQ)

[seeclear]

'Ren' Sorry ...too much peripheral data to ignore... Here are some pieces... "Also, court documents show that the company sold 590,000 restricted common shares in 1998 and 1999 in relation to several leasehold mortgages on the pit. These were subject to a non-dilution clause and were valued at a 1.00 a share. This was of course, was all before the 1999 chapter 11 filing." (That 'may' be interpreted as 590,000 million shares at the post chapter 11 valuation) + (as well I feel a court may have had something to say about that) Well where did they go..."the receivers of these restricted common shares were Phoenix Associates Lenders Trust IV (400,000) and Capital Growth Planning, Inc.(190,000). While the leasehold mortgage for Capital was originally at 190,000,there were 'provisions' for a maximum 5,000,000 payable 5,000,000 restricted shares (if that ever did come to fruition that would have been an additional 310,000 restricted shares or an extra 310,000,000 shares at... .01 no proof at this moment if these ever happened) Cannot figure how this "Phoenix Associates Lenders Trust IV" fit into this big picture! ...There was also a leasehold mortgage on the pit in the amount of 1,750,000 but nothing was mentioned about that being payable in restricted common stock . This mortgage was to "Capital Growth Planning, Inc.,Trustee of the Phoenix Lenders Trust II" ....(what is this and 'note' the debt was just prior too the Chapter 11 and I am sure it just did not go away?) SC. http://en.wikipedia.org/wiki/Chapter_11