Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

Logic there is flawed, Lake. Increase in the O/S does not equate to a decrease in our share value. Share value is supposed to be tied to eps or book value per share. Key phrase: supposed to be. In theory, if the O/S increases by 300% but earning increase by 600%, then your shares are now worth twice as much. Key phrase: in theory.

The problem is not the O/S or the increase there-in. The problem always has been market credibility. Any lack of transparency, ie any vagueness, adds to that lack of market credibility. And if the NSS bogeyman does exist, he preys on companies that the market doesn't deem credible IMO.