Phoenix Associates Land Syndicate (fka PBLSQ)

[Rally Cry]

I can't for the life of me see how they would be able to continue operating the pit. They had a trial and were found to have breached their lease by sub-leasing the pit to two outside companies. They filed an appeal and and were granted an injunction whereby they were allowed to continue operating the pit after posting a large bond. OK, I'm down with all that. But they lost the appeal!! They claim the judge wouldn't listen to their side of the story. That's because the judge was absolutely certain they didn't have a legal leg to stand on. That's why he handed down a summary judgement!!! Now I'm not a lawyer, but what more does a man have to do to have a bad tenant legally removed from property that belongs to him? I would be shocked if they were allowed to continue business as usual while the case continues up the appeal ladder. Further, I wouldn't be at all surprised to learn that VP is doing all he can to partner up with whoever the new pit tenent is going to be. Just as I have written off the balance I have invested in PBLS, so have I written off the pit.