Phoenix Associates Land Syndicate (fka PBLSQ)

[balancr]

How does all of this compare to what was posted officially by PA at

http://www.pbls.biz/pr24.htm

FOR IMMEDIATE RELEASE

PHOENIX ANNOUNCES PLANS
TO BECOME A FULLY REPORTING COMPANY

June 16, 2005 - COVINGTON, LA


Investor Information:

Phoenix, trading on the OTC Pinksheets (Symbol: PBLS) has about 2,600 shareholders of record. The Company has a total of 377,291,802 shares issued and outstanding as of June 10, 2005, of which 228,085,575 are restricted shares, and the remaining 149,206,227 shares are non-restricted shares and considered to be the public "float" shares. Based on the closing price of PBLS on June 10th the Company's Market Cap is about $5.3 million.

For more information about Phoenix go to the Company's website at: http://www.pbls.biz

So two years ago we had a total of 377 million shares. Now 2 Billion. (oh how we miss Carl Sagan or it could be billions and billions). I guess a bunch werre authorized and just not issued. But in two years they have issued almost 1.5 billion shares - and we bought 'em!

I get the impression that the series 3 have 62.5 mil authorized and 10 million issued.


THe 6/14/07 press release gave interesting numbers.

Phoenix Associates Land Syndicate, Inc.

Consolidated Statement of Revenue and Expense - Pre-Audit

For Year Ended December 31, 2006


2006


Revenue 178,143,101

Cost of Goods Sold 159,605,335

Gross Profit 18,537,766

Operating Expenses 11,160,096

Operating Profit / (Loss) before 7,377,670

Depr, Amort, Depl, Interest & Tax 5,898,199

Other Income / (Expenses) 7,200,000

Income / (Loss) Pre Tax 8,679,471

So it costs $11 M to run PBLS - how much of that into PA pocket? Semms high for the small number of employees.