Phoenix Associates Land Syndicate (fka PBLSQ)

[tedwitt]

Take a closer look. It looks like they plowed the majority of the "would have been profit" back into the company.

Look what they spent sence December in order to generate a future porfit.
1) 11 million for the 32 unit townhouse deal
2) 2 million plus a 10 year note for the air division

I wonder what was reinvested last year in the company?
Like stock buy backs. Equipment for the mine. Saleries for some of the new tallent.

I wonder what the 9 million increase in "investments" was.

Oil reserves were "0" for both years. Why include this?

The increase in depletion means that they are working the mine.

3 million in leasehold improvements (developing the mine?)

Accm Depreciation, I bet my bottom dollar (Penny) that the schedule in no way matches the real life of the equipment.

Many other things to forward to......

The pps sucks but hey I can hang...