Phoenix Associates Land Syndicate (fka PBLSQ)

[Whirligig]

I think that PBLS arrogant and over confident attitude has come back to bite them.
With so many options available after Katrina, it appears they went on a spending binge that would put a drunken sailor to shame.

Now they have been taken to the proverbial woodshed and beaten within an inch of their life.

The future of PBLS depends on how much financial loss they suffered and if any money can be recovered. management is suffering a hangover of monumental proportions and only the strong will survive.

I still contend that the pieces are in place to make this a viable company but a huge dose of humility and dedication to frugal and sensible spending is absolutely necessary to survive.

No more BS, pie in the sky pr as every move the company makes will be scrutinized. I expect they will be advised to make audited financials available as only the bravest (or dumbest) gamblers will be willing to place a bet on this snake bitten company.

They have to prove themselves.

Will it work?

I still have my shares and have little to lose on a bet that I always knew was a long shot.