Phoenix Associates Land Syndicate (fka PBLSQ)

[momentumtrader]

If you have a question about financials you most certainly want to talk to the CFO. That financial information is a joke.
It looks like a 4th grader put it togather. We were told they were weeks if not months getting the information togather. It raises more questions then it answers. Did people read it. So much is grossly inaccurate from what we were told.

Did anyone notice retained earnings from 2005 to 2006. It went from 6,465,102 to -158,000. An accounting friend of mine said that it was disturbing to her who is also a shareholder of PBLS. I said maybe it went to aquisitions or something. She expressed it has to ba a carry loss forward or distributed dividends. Have we started paying of Preffered 1 or 3? Who really knows.