Phoenix Associates Land Syndicate (fka PBLSQ)

[CapitalKing99]

PA and RB vision has gone from billion dollar revenue to multi-billion shares outstanding.
HERE IS THE MATH
Revenue Pretax Income
9 Month(thru.9/30/07) $117,449,444 $5,727,287
6 Month(thru.6/30/07) $103,485,083 $4,480,908

3rd Quarter (thru.9/30/07) $13,964,361 $846,379
Annualized X4
Annual run rate from 3rd Q. $55,857,444 $3,385,516


Now if you take $3,385,516 annualized pretax earnings and subtract $1,184,930 taxes(35%) you get $2,205,585 after tax earnings. Take $2,205,585 times a 15 P.E. and you get a $33,008,781 market cap. Divide that by 2.5 billion common outstanding and you get a value of .0132 per share value for the common.

BUT BUT BUT.. If you deduct the value of the PFD III
$103,000,000 PFD III Value
33,000,000 Value of Common (Market Cap)
-----------
$-70,000,000 (Mkt.Value to common share)

If you can believe the company numbers and they are sustainable and you can reverse the pfd. III transaction the common stock is worth about $.01. ($33 mil.market cap divided by 3.1 billion shares outstanding = about $.01)

SORRY ABOUT THE COLUMN SPACING I DID NOT KNOW HOW TO CORRECT