Phoenix Associates Land Syndicate (fka PBLSQ)

[panlprofits]

A Comment; A Question . . .

Great news! The kind we've been hoping for in a "in the right place at the right time" kind of way.

The question: 11 million shares traded so far today with a high of just .0175. Who sold the 11 million shares? Anyone who still thinks the company is selling into news has got to be crazy. If they can get a loan to purchase a billion dollar plus operation, they surely aren't picking up peanuts by dilluting themselves for .017 a share. Flippers? Perhaps. But wouldn't even flippers be interested in making a few extra dollars by allowing this to move up a bit more? Long-term holders? With the June date so close? Not on your life.

I'm starting to think those crying "naked short-selling" have been on the right track all along. For some reason (no doubt fear or greed) the MM's are loathe to let pps rise.

I'd be interested to hear anyone else's take on the matter.