Phoenix Associates Land Syndicate (fka PBLSQ)

[momentumtrader]

In response to Airdale
The company announced a long tome ago that it looked like their stock was being shorted.
August 16, 2006
Phoenix Recommends Shareholders Request Delivery of Shares in Certificate Form
"management believes that the current stock price is also attributable in part to heavy selling pressure from "short selling" of our shares in the marketplace and, some of this "short selling" may have originated outside the United States"
http://biz.yahoo.com/iw/060816/0154821.html

What they said the other day:

Under the new growth plan, it is expected that the Company's new venture partners will be acquiring a very large position in Phoenix common stock of well over one billion shares. They have committed to over the counter purchases of approximately two thirds of the amount they require, with the balance to come from Phoenix as certain acquisition are made, contracts are granted, and sales and profit projection are achieved that are attributable to their efforts.

The balance will most likely be restricted and be locked up for probably minimum 1 year , but more likey 2 or more years.
These shares will not see the float. Insiders cannot be given free freeshares from what I have learned. Speciallyifthey own over 10%, which they plan on owning well over 30%.
Don't tell us theseshares are going to be dumped into the open market unless you know for sure which I have a feeling you do not. I have a call into Ron Blackburn into Ron Blackburn for clarification.