Phoenix Associates Land Syndicate (fka PBLSQ)

[notime2wste]

Ren & GNU --

You're both right about the accredited investor info. To GNU's point, all private placements for equity must be made by accredited investors. However, to Ren's point, those pp's don't have to (and most often aren't) registered. There is a complex legal framework to make the shares tradeable without filing SB-2 forms. My guess is a pp in PBLS went that route and the shares are tradeable.

The accredited investor question is very easy to determine. An investor fills out a simple questionnaire stating his/her qualification status (see qualification rules posted by Ren). If PBLS did not require this form to be filled out, the pp investor LEGALLY can sue PBLS for any loss.

I believe there was an RB poster named pigpole or polepig or something like that who claimed he was mixed up in this pp thing... Could be wrong about that though.

notime