Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

Yes, someone please explain: "62.5 million of these authorized shares of preferred stock to "voting" preferred stock, $10 par value, so as to have voting preferred shares available for this program."

If 4.8 million "voting" preferred" can wrap up 800M common at 167 to 1 conversion, that leaves 57.7M "voting" preferred available for...anyone? They wouldn't want to use "voting" preferred for future acquistions would they (the original reason PA said they were increased the preferred A/S from 3M to 250M)?

Ren