Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

I think Southern Crushing was one of them. But that is pure speculation on my part. I also think that several PR's coming "soon" will be these companies. Probably privately held companies that make money but don't have the potential of trading at a multiple of earnings in the future...the potential being a part of an publically traded company provides.

Also, buying companies that they already own is just a matter of shifting the assets into PBLS for an equivalent value in preferred & common shares and cash. They have no incentive to inflate the value of the companies they are selling (as some other companies did in 2006) as it only would make their own stock worth that much less...IMO.