Thursday, June 21, 2007 7:08:49 AM
PBLS .0125
Watching for open, white candle today... :)
Also: note opportunity for the preferred share conversion (below) from these levels...
Enjoy your day!
MADISONVILLE, LA--May 9, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC: PBLS) today announced that it has set August 10, 2007 as the last day shareholders will have the opportunity to take part in the voting preferred stock participation program.
Phoenix shareholders are hereby reminded that they will have a value of $.06 placed on each share of common stock they submit for conversion by August 10, 2007. Thus, for each 167 shares submitted for conversion the shareholders will receive one share of $10 par value voting preferred stock. Each voting preferred share will have 167 votes. Holders of the voting preferred stock will receive an annual 6% cash dividend (paid quarterly) and the voting preferred shares will be redeemed within five years.
Watching for open, white candle today... :)
Also: note opportunity for the preferred share conversion (below) from these levels...
Enjoy your day!
MADISONVILLE, LA--May 9, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC: PBLS) today announced that it has set August 10, 2007 as the last day shareholders will have the opportunity to take part in the voting preferred stock participation program.
Phoenix shareholders are hereby reminded that they will have a value of $.06 placed on each share of common stock they submit for conversion by August 10, 2007. Thus, for each 167 shares submitted for conversion the shareholders will receive one share of $10 par value voting preferred stock. Each voting preferred share will have 167 votes. Holders of the voting preferred stock will receive an annual 6% cash dividend (paid quarterly) and the voting preferred shares will be redeemed within five years.
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