Phoenix Associates Land Syndicate (fka PBLSQ)

[Mike022009]

Chilar,
I reviewed the "other" board and help me follow the bouncing ball:
1. TK Holdings/stock is owned primarily by RB?
2. Treaty Energy is TK Holdings and still also owned primarily by RB?
3. TECO bought Treaty?
Xylan...I think this is about PBLS and the connection among the principals.
Have I followed the bouncing ball correctly?
Mike