Phoenix Associates Land Syndicate (fka PBLSQ)

[gnulnx]

My responses from Ron about the gagged TA.

1) We gagged the TA because investors were harasing the TA.
2) Our legal council advised us to leave it gagged while we worked on audited financials...I was also told that they had spend about 1.5 million on the audits a year ago.
3) Our new legal council said we could ungag the TA, but we don't want to.

Of course these possible conversation are only in my opinion and I would never say that Ron Blackburn actually said these things...especially since they have a lawsuit hungry attorney...which is also only my opinion.


Personally I think the truth is they did some illegal private placement deals....I know for a fact that some of the people in these deals were not accredited. To boot they also sold a lot of shares, and Ren before you say I can't prove that I say you are right. I'm only saying what I was told by Ron...perhaps it was a dream conversation. However they did sell shares and that is a fact. The OS was under 400M at one point and Ron told me it was around 800M at another point...after Katrina. They sold shares into Katrina and they did this all the while saying there were buying them back.

Of course this is all still in my own imaginary opinion and it has nothing to do with countless hours of due diligence and phone calls with people in several divisions of this company. Most likely I'm just someone bashing to get the stock lower so I can buy more.

Cheers