Phoenix Associates Land Syndicate (fka PBLSQ)

[USC Cowboy]

Ponder this and comments solicited…….scenario follows:

PBLS needs to raise a significant amount of cash to close a pending acquisition/merger.

Calculations are based upon recent highs and current lows.

High .034 Low .012

PBLS management painted into a corner by necessity to file papers with Pinksheets.com to avoid the skull & crossed bones and be considered as “Currently Reporting” as of August 1, 2007.

PBLS knows that the revelation of the total A/S (i.e., 1.75 Billion) is now O/S in the filed papers will crash the PPS since shareholders have been led to believe that O/S will be significantly less than 815 Million as stated by PBLS management on numerous occasions.

PBLS approaches an un-named hedge fund and explains the situation and asks for the opinion of the hedge fund manager(s).

Hedge fund recognizes the potential here and the relative certainty of the consequences upon PBLS making public the A/S vs. O/S numbers. Hedge fund tells PBLS management that they will orchestrate the financial symphony for say, 30% of the net proceeds of staging the spectacle.

Example:

Hedgie makes a deal with NITE etal to naked short PBLS @ .032 -.034 prior to the public notification of the A/S & O/S and then waits for the release and virtually guaranteed crash in the PPS, naked short positions taken by Hedgie is covered at .012 -.0135 as we’ve seen capped lately.

Profit Spread is approximately .02 per naked shorted share or $20,000 per million share block covered by the Hedgie. NITE makes money (fees), Hedgie makes money (30% or $6,000 per million share block), PBLS makes money (70% or $14,000 per million share block), shareholder takes the loss.

For talking purposes: if 500 million shares went off this way, then we have $3,000,000 to the Hedgie; $7,000,000 to PBLS (not far off the questioned $7,200,000 cash in financials).

Now think about what some suspect that there is actually more naked shorting than this scenario.

Just an Ol’ Cowboy trying to make sense out of this trading and historical performance information.

JMHCowboyO

USC

P.S. Still long & strong, you only lose if you can’t stay in the game. As always, DON’T BLINK, the first to blink loses.