Phoenix Associates Land Syndicate (fka PBLSQ)

[brigunn]

Thanks LFG. From what I understand once the bank performed the illegal seizure Phoenix had to contract to produce product and meet contractual obligations. This created other lawsuits and serious losses. I wonder if the damages could bleed over into some of the other subsidiaries since Phoenix is a holding company. Doesn't sound feasible, but those forensic lawyers are pretty suave. If not, then just how much can they really get...20 to 30 million seems real perhaps? I have been doing some research here and there while consolidating. Seems the company has been around a while which is good, but its still risky stuff because the company appears to be ready to implode. But then again, is it all because of that one single action? I really hope PA does the right thing especially for the longs. Thanks again for the info.