Phoenix Associates Land Syndicate (fka PBLSQ)

[WhiteSahara]

If these shares being sold are legit, at some point they will be gone with this buying pressure and we move up.

If they are shorted shares being sold, some hedgie probably thinks this is at it's top and they can move it down. If illegitimate and it does go lower, the more buying pressure as the price spread increases between the .06 preferred and the bargain for common shares. Also the lower the price the greater the chance of holders exchanging for preferred and the lower the legit float drops. The lower the float, the higher the EPS goes. One simple financials release and we have liftoff. We then have quite a game of bluff and it will take longer to hit higher plateaus.

I like PBLS long term as they are willing to put a value on the shares along with a dividend. They know exactly what cards they hold.