Phoenix Associates Land Syndicate (fka PBLSQ)

[sawdin]

I'm going from memory here, and have not done any recent research. But a few years ago, I remember reading that a company could buy a clean shell for $200 - $300K. If that is correct, why would a company want to deal w/ the baggage of PBLS? They still have to settle the debts and deal with ongoing lawsuits. Even if the bank case turns out favorably, any proceeds would probably be turned over to creditors. It seems as if it would be a lot easier, and possibly cheaper, to just find a clean shell.

Regarding a RS or conversion, the new owners would be insane to give a fig for existing PBLS shareholders. The goal of the new owners is to make money, and it is harder for them to do so w/ billions of shares outstanding. However, I do agree that a run-up probably offers the only hope for existing PBLS shareholders to sell above .0001 - .0002. Of course, those who bought at .0001/.0002 are looking good.

GLTA, especially existing bagholders who were fools (which unfortunately includes me).