Phoenix Associates Land Syndicate (fka PBLSQ)

[sawdin]

Excellent point! However, IF they were completing deals w/out bank financing (e.g., by use of shares and other 'deals') they would not have lender oversight. Also, IF they were getting financed but it was coming from their own bank, oversight might be less stringent. Finally, as they know the business, I'm sure they must be cognizant of the fact that they need to protect themselves by having successful completion of appropriate environmental impact statements before finalizing any deals. If they are not doing so, boy, oh, boy....