Phoenix Associates Land Syndicate (fka PBLSQ)

[sawdin]

We both know that answers will not be forthcoming, and even if they were, they would not be verifiable. The only thing investors should believe is the share price. Of course, the series III means that management can make money regardless of what the share price is, while long-term investors can not. Most investors shy away from making any long-term investments in companies where the management can get rich regardless of the price of a common share.