Phoenix Associates Land Syndicate (fka PBLSQ)

[momentumtrader]

The company bought back approximately 42 million shares at three cents. Management owns approximately one third of all outstanding shares. If things are going very well for the company, why would they dilute their equity holdings at these prices after doing a buyback and controlling such a large position. It is clear to me that we have been in the past and currently are being naked shorted. There really is no way to stop it. The only thing the company can do at this point is to perform, which they have so far, and I think will do so in the future. Fully reporting will be a big step in bringing more people into this company as well as get more buying from the current shareholder base. At some point the shorts are not to be able to play their games because the risk will be too high and I personally feel at some point they're going to have to cover. Every day their situation grows more precarious. I personally think they are screwed.
I reiterate my prediction is short covering will probably take place between .05 and $.10 cents. Good luck to all longs.
I know this is very frustrating, but try not to be mad at the company. It is not their fault, and they are working very hard in your behalf. Those who were patient I think are going to be richly rewarded.