Phoenix Associates Land Syndicate (fka PBLSQ)

[momentumtrader]

The thing that concerns me the most is the preferred three class of shares. On paper it is an absolute nightmare for us as shareholders. Ron Blackburn told me that this preferred share class designed primarily to used as a poison pill. That they aren't going to pay any dividends, that they are there primarily to avoid a hostile takeover. The problem is that they are there, and the company could potentially act on them at any time. We need to get some kind of formal disclosure from the company stating the only way they would act on them is to avoid a hostile takeover. And that it would just be a temporary thing. We truly need to be given information about all the nuances of this preferred share class so that we a shareholders do not get screwwed.
For people who want to learn about corporate anti-takeover defenses and poison pill devices you might want to purchase this book:
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