Phoenix Associates Land Syndicate (fka PBLSQ)

[Whirligig]

My point is that we know the issued share count of the preferred threes but have no idea if there has been any conversion, partial or full, by management.
Momentumtrader is assuming that the conversion took place and management has absconded with $100 million+ of company value.

For all we know management still has their original 400+ million common shares, has not taken the extra 275 million shares momentum refers to, or converted to preferred threes.

The share selling could very well have been used to pay for the most recent acquisitions and provide revenue as PBLS attempted to make the Komex deal work.

There is much we do not know and answers are available....... If management will come clean and stop playing games.

I do think we will eventually see the truth as serious legal problems become public.