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Renavatio

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Renavatio

Re: chilar4567 post# 56666

Thursday, 10/04/2007 12:31:32 PM

Thursday, October 04, 2007 12:31:32 PM

Post# of 79921
Aggravating but not necessarily illegal I don't believe...

http://www.pbls.biz/pressrelease_content.asp?prid=82
"Finally, with all said and all major acquisitions completed, Phoenix will increase its activities to become fully reporting. Phoenix expects that when it files that Form-10 the total issued and outstanding shares of its common stock will not exceed 815 million shares of which approximately 40% will be restricted."

Clever use of verbage in a forward-looking statement that really promises nothing concrete at all.

Also, nothing in the preferred conversion PR's that say they plan on retiring the common shares.


"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
www.younglife.org

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