Phoenix Associates Land Syndicate (fka PBLSQ)

[gitonwithit]

I've been thinking the same exact thing for weeks now. To trade 30 or 40 million on a 1.5 billion float after much anticipated financials are released is absurdly low. If shares were so freely available and numerous, I think we would have traded 100 million or more today. My gut feeling is that the actual float may be around 800 million which would make the P/E less than 3 instead of 5 also ridiculously low. Of course we still don't know the details about the restricted figure. Ron may be right, although I would prefer the 10 figure instead of the 5. I'm sure some of those folks that sold today will probably wish they hadn't in the months to come. JMO.