Phoenix Associates Land Syndicate (fka PBLSQ)

[Whirligig]

SC
Although still hypothetical, you may very well have unraveled the PBLS lengthily and ever changing tangle brought on by quicktime wheeling and dealing.
Katrina brought unexpected opportunities to a company that was struggling but had a vision of growth.
I am betting that the company is using this "quiet time" to sort out the loose ends and allow auditors to put together a 10k that will put PBLS on solid ground.
Some here still speculate that PBLS is a share selling company and management is dedicated to self preservation at the expense of shareholders. I believe that management cannot prosper if share price fails as they are shareholders just as we.
Recent acquisitions of companies such as Pro Gas, Best Jets and real estate show that they are indeed buying businesses with financial problems. One of the stated goals of PBLS is to buy companies that have good management and potential but simply need cash to take then to the next level. These are all REAL businesses, not non-income producing companies with patients and dreams that will never materialize.
Although confusing and at times depressing as the pps suffers at this level, I like the potential of recent acquisitions and am willing to "stay the course" and see what happens as time and events unfold.