Phoenix Associates Land Syndicate (fka PBLSQ)

[Imirish]

CC

I understand that... my point is the 62.5 target number of the 250 million preferred available... that was the boggie so to speak... that would have or still could bring the outstanding down that approx 375 common... there is a reason for such an odd number like 62.5 why not 75 or 100 preferred, seems a bit odd to me.... just like the 800 million example used in a release a couple of months ago.... 800 mm + stated goal of 815 mm would have put outstanding at 1.6+ billion... just a freudian slip or something like that... who knows but something to consider...

in my opinion..

Imirish...