Phoenix Associates Land Syndicate (fka PBLSQ)

[Whirligig]

As PBLS management conceals bad news from investors they are also concealing what may be good news.

All sectors of the oil business are booming and Sam's Directional Drilling and Ideal Energy are in position to make very good money.
If PBLS management has treated them as they have all other divisions the outlook is not good....... but if they have allowed the oil business to work without interference or the stripping of resources, there may be another little money machine in the fold.

Diversification works if divisions are allowed to function independently.

What is the status of the oil division?

I am not giving this much of a shot judging from past performance. One thing we do know is that management has always been a beehive of activity behind the curtain of silence.
We see evidence of activity in public records due to legal activities. PBLS management has a long history of not caving in even in the worst situations. Think of the nightmare the Mitchells are living. PBLS has kept the pit in a lock down for 10+ years and the Mitchell family may never see profits in their own lifetime.

Phoenix certainly is living up to their name as they refuse to die but unfortunately cannot get of the ground.

But who knows.......... They may still pull another rabbit out of the hat.