Phoenix Associates Land Syndicate (fka PBLSQ)

[sawdin]

Possibly by new investors, but my guess is that long-term followers made up their minds about converting long ago. Also, if they didn't convert at a lower share price (thus increasing the return) why would they do it now? My opinion is that most long-term holders believe PBLS will be worth much more than .06/share within 5 years. Finally, why convert before the release of financials? Just wait a few days and if the pps flounders, then it would make more sense to convert. FYI, I did not convert any of my shares and have no desire to, no matter what happens immediately after the release of financials.

PS... PBLS can convert those shares at any time. They just need to be converted WITHIN 5 years.