Phoenix Associates Land Syndicate (fka PBLSQ)

[WhiteSahara]

You have an error in your calculation. 62,500,000 type III preferred shares times the $10 per share is $625,000,000.00 dollars in share value. At 6% per annum this equates to $37,500,000.00 in payable dividends in potential exposure. Per quarter this is over $9,000,000.00, not $2,250.000.00 annually.

You stated earlier that it's their company and their sweat. Does the capital that we shareholders use to buy stock come free or without sweat and toil? Yours might but mine does not. Last I looked this was a public company, not a private firm. Based on this definition, the shareholders purportedly own the company. Based on ownership, I feel far differently that do you, I would like a more equitable payout of earned income. Paul and Ron are getting very decent paychecks for their efforts. Based again on the public company deal, it is again my feeling that they are getting more than their share.