Phoenix Associates Land Syndicate (fka PBLSQ)

[gnulnx]

gunner,

There were a few things that really rubbed me wrong.

1) The TA is still gagged.
2) No ownership from insiders was not given.
3) No explanation for how shares were used was given
4) Insiders had prior knowledge
5) They failed to get it uploaded right
6) The report looked like it was written by a fifth grader


Also I don't care what Ron or Mike say you can't expect a trading multiple on a stock that has been dishonest and non-transparent. So my best estimate for PBLS was 7M/815M for eps. Perhaps give it a multiple of 2-5 for a quick trade.

Now we have 7M/1.75B for eps? That's .004 cents a share. we have a TRAILING EPS of .004 cents a share and Ron is telling people we are worth 25 cents! The biggest problem is that we don't have enough info to make an educated guess about forward EPS. So we hold. We all bought our tickets and we hold...me included.

Now with that said I have traded stocks and pennies long enough to know that smart people will never loose much with PBLS. It won't trade to zero unless the increase the AS. It will fluctuate. I rode this down to half a penny once. This time I'm taking a small profit with the intent of reinvesting if it happens again. Last time I borrowed money to buy more and that's the only reason I'm still green right now.

Basically I don't believe PBLS has what it takes to hit my 5 dollars in 5 years claim any longer. I'll take 10 cents, but I'm not holding my breath..just the majority of my shares...guess I really am a sucker!

Cheers.

More than anything I hope Ron and Paul prove me wrong. I would love to come back to this board at 25 cents and apologize to everyone for loosing a portion of my faith.