Phoenix Associates Land Syndicate (fka PBLSQ)

[momentumtrader]

The increase of outstanding shares is from my understanding shares that will eventually convert into common. They have not even been issued yet from my understanding. They are all still in lock up from my understanding. Early on in their aquisition phase they were using shares as part of their payment to companies. They stopped doing this on the last few they made. Future ones? Lets hope not.