Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

Hi everyone,

I've been getting a lot of PMs about where I am at lately, and where I am is working my tail off in the real world. If you've been watching the mortgage market lately, well since August, it's been the good, the bad, and the ugly.

Either way, I am still looking at the board daily, but barely have enough time right now to read all the posts, much less respond. I personally haven't sold any more shares lately. I don't think I have sold any since maybe May? I am looking to sell the last of my .006s to help trade my way to being almost to free shares. Then it will be a hold for bust or a home run.

I have no time to dig right now and appreciate those that are. Those that are selling and/or negative, I certainly don't blame you. Why these yahoos would be late on the divy payment when they are supposedly trying to entice common shareholders to exchange for preferreds is ludicrous. There is no good explanation for it that I can come up with. I also personally think that the KOMEX contract is a real opportunity, but probably nothing of the magnitude they imply by the PR. I think that O'Reilly and Promuto are working with PBLS and hopefully will replace Ron, Paul and Carolyn.

I don't look at the chart much. Don't lose sleep if the pps goes down, but my attitude and strategy in playing pennies is much different than many who post here. I would encourage people to think objectively, avoid letting emotion take over, and for heaven's sake don't buy more than your family can afford for you to lose. Lastly, do yourself a favor and scrutinize the posters that sold long ago and yet show up here, or post on other boards about PBLS, trying to save the innocent masses. Their M.O. has been to do so and then to turn around a month later and brag about how they bought sub-penny while the masses sold.

I'll be lurking and trying to post. Frankly, I play pennies because its an enjoyable card game. To me, this game is boring right now so I look elsewhere for entertainment (like college football and family time).

Good luck everyone. A hurricane is blowing through LA, and I think Jambam probably got a head's up to "not watch" over the next 60 days, looks like for good reason based on the pps...

Ren