Phoenix Associates Land Syndicate (fka PBLSQ)

[brigunn]

Chilar, regarding PBLS. BK or similar = negotiated restructure. Its common knowledge that the airlines survived BK. A re-orginization needs to take place so the new money is protected for the shareholders. That would have to be the deal. To dump any money into a black hole that has a cash burn rate larger than a bond fire is a waist. They have to re-organize now instead of stalling on the inevitable.

We need to invest shareholder money for future profit ideas not invest in poor past spending decisions.

I'm sure there are legalities with BK or similar and then investing (which could be considered a loan) money that I don't understand which would provide road blocks, but anything is possible when your in control, and when your in control and don't act you share the blame. I don't care how it gets done...

so we can show them the money to be successful in the future and quickly restore shareholder confindence to buy product.