Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

Hmmmmm..."Paul Alonzo, President and CEO of Phoenix, stated, "For the past three months, Phoenix has been working with and is now partnering with two groups that are located in Florida, Ohio & New York. One of the groups has been in mining for over a hundred years and is one of the largest mining companies in the world."
(http://www.pinksheets.com/pink/quote/quote.jsp?symbol=PBLS#openEdgNews8609703)


IMO these additions were because of the influence of our new partners...

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=PBLS#openEdgNews8541390
"The demolition division of Southern Concrete has over 85 years of experience in the business and 5 generations of mining experience. As a result of this acquisition, Phoenix now has contracts in Florida..."

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=PBLS#openEdgNews8321740
"Phoenix indicated that adding these reserves to the existing reserves at the 820 acre Murphy Sand & Gravel site in Pearl River, Louisiana, the Company believes it will become the largest supplier of aggregate products on the Gulf Coast of Louisiana and Mississippi."

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=PBLS#openEdgNews8289682
"New Dredge and Work Site Operation Will Increase Production by 130%; Additional Work Sites to Be Added This Year as Demand Continues to Grow in the Gulf Coast Region."

(WHAT FOLLOWS IS COMPLETE SPECULATION ON MY PART: )
What always confused me was that everytime I spoke with Ron (back when I used to call him; I haven't since prob. 1/2007), he would insist that they were going to deplete the Murphy pit and then get out of that business. Then I see all the mining related acquisitions, and none of it made sense (though they are prone to speaking out of both sides of their mouth). Now, for me, the pieces fit with the gagged TA, the increase in A/S, the increase in O/S, and the Preferred 3 deal.

I think the new partners are big and bad enough to freak out the Bayou boys some. I think they have been around since probably Summer 2006 and have been working with PBLS since probably Spring 2007. I think they have a very clear plan for PBLS' mining buisness; probably much clearer and professional than the Bayou boys ever could be due to their experience...

Either this is all PR lies. Or something has changed hopefully for the better with our screwed up company...

Now here's a question for the board: Why put the preferred common conversion at $.06? Why $.06 specifically? Hmmmm...

Ren