Phoenix Associates Land Syndicate (fka PBLSQ)

[momentumtrader]

This company we just purchased does not have to be headquartered anywhere near the Gulf Coast.
We are even talking about going foreign.
This will be interesting as more information becomes available.
As a result of this acquisition, Phoenix now has contracts in Florida and California to reprocess soil separation and recycle various C and D landfill materials to make them environmentally friendly. These are 5 year contracts and involve 246 million yards of material. The demolition division is currently bidding on other contracts that will make this a global operation.

I spoke to Ron Blackburn mid last week. He is very excited about things that are going on within company. It is my understanding they have been working for some time now with a very large company. I asked him if it was Florida Rock. He said it was a much larger company and a conglomerate of some sort. Florida rock has a 4.5 billion dollar market cap! He would not even hint what division this would affect. He just tells me to be patient, that it will all come clear in the next few weeks the direction of the company. I asked him point blank about the series 3 preffered and asked him if he or management was planning to cash these out at some point. He said he or management has no intent to cash these out. He says the preffereds are convertible at any time back to stock. Why would we cash the out our shares for 17 cents when we feel they will be worth north of a dollar when we are finished. I sure hope he is right for our sake.
Mike Mulshine seems to be very excited about what the company is doing even though he would not share either. I got the "have patience" thing as well.