Phoenix Associates Land Syndicate (fka PBLSQ)

[momentumtrader]

A vote of confidence for this stock is to see management retire their Preffered 3 shares. They took them on the guise that that it was to protect them in a hostile take over. We know thats not the case. Retire them and the other 275 million shares they gave themselves for what? They clearly stated in the past they owned 40% of the 815 million shares that were supposed to be outstanding. They retired 600 million to preffered 3, where did they get the extra 275 million? I asked Ron the other day to retire them, he said we had every right to do this under Nevada law. I said the Board of Directors has a fiduciary responsibility to act in the best interest of the shareholders. Do you think this was in our best interest? He had no comment. At this point management retired all their common shares and gave themselves a 275 million share bonus. What loyalty do they have to the common shareholder if they don't even have any. With these preffered 3's hanging out their they can rob this company of alll its future net earnings into an almost unforseeable future. Why are we standing for this? We shold all pressure this company into retiring them. Almost all sophisticated investors will avoid this stock like the plague as long as they hang out their. That corporate action alone had a huge negative impact on the stock and will continue to do so in the future. Send letters, emails, phone the company and say enough is enough. This must stop. Retire all the preffered 3 shares and the 275 million shares they stole from us.