Phoenix Associates Land Syndicate (fka PBLSQ)

[PowerPole]

eztradin'...After looking through your last...

Few hundred posts...I see you 'occasionally' fly by here for a 'visit'...and would still like to say:



To the Board!

Your comment: "IMHO...they should have just retired the shares and returned them to the treasury."

Is probably the Best Way they could have done this...The PR they would have put out would have been much more Powerful if they had written it like this:

"In looking out for the best interests of our Shareholders, and the Company, we are proud to announce that as of today, we have retired 100MM shares of Outstanding shares of Common and Preferred Stock back into the 'Authorized' share count, and safety of our Treasury."

Rather than announce that..."Well, we plan to buy back 100MM shares, BUT...if something comes up, and we need that money to do something more important with it, we'll have to discontinue the buy back...etc. etc....We bought back nearly 15%, and unfortunately that's all we could manage, before this project came up."

And as you say: "It will all come to surface by the end of the 2nd qtr. next year."

That it will...IF they ever get off the Pink Sheets, and on to an Exchange that requires regular, and verifiable SEC Filings...

Personally, I Do Not think they are telling us fibs, but also believe like you do, that there was a much simpler, and more effective way to handle this transaction, for themselves, and also as to how the Shareholders perceived the transaction.

Thanks for the 'fly by' eztradin'...In two sentences...You made more sense than the last two hundred posts...LOL