Phoenix Associates Land Syndicate (fka PBLSQ)

[sawdin]

Ren,

1. Is it $100k/week or month?
2. Out of pocket expenses should have been noted as such and detailed financial records kept.
3. Reimbursement could be made on a dollar per dollar basis with a nice compound interest rate.
4. Are Series III shares of stock also being used for renumeration of expenses?
5. Timing, timing, timing....
6. I don't think any reasonable person begrudges Paul for receiving renumeration for expenses he incurred in the past nor for being compensated for his position as CEO. However, it is how it was done, the level at which it is being done relative to estimates of the costs he incurred, when it was done and how it 'came to the light of day' that justifiable rankles shareholders.

JMHO