Phoenix Associates Land Syndicate (fka PBLSQ)

[Imirish]

anyone

in the release it states that they were going to get 62.5 million preferred for conversion.... @ 167 common... to date.. they have received 42.3 million or so... the stated goal is to have 815 million on a/f.... at 62.5 million, that would take down approx. 375 million common.... 62.5 divided by 167 common per each 1 preferred... could it be possible that the deal was done to get the common to the 815 million because they actually had about 1.2 + billion outstanding up to this point and couldn't ungag to t/a for this reason... as all along I thought that we had many more than the stated 815 million.... just thinking about it... hopefully the open market buyback if still in existence is taking millions off the table too... could that also mean that there still is more than the 1.2 billion... who knows , but we will see.. in my opinion...

Imirish...