Phoenix Associates Land Syndicate (fka PBLSQ)

[PowerPole]

man4apenny...Most of the questions you asked...

In your post are quite clearly stated in this PR:

I like the "effective immediately" part of it...And as far as when it will be completed, I'm sure they will let us know...The last sentence of the PR promises that it Will be completed by the end of Q2 of next year...

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2005%5C11%5C09...

Phoenix Associates Land Syndicate Announces Systematic Share Repurchase Program

COVINGTON, La., Nov 09, 2005 (BUSINESS WIRE) -- Phoenix Associates Land Syndicate (Pink Sheets:PBLS) announced today that the company is initiating a systematic share repurchase program to retire up to 100 million shares of the company's common stock to treasury. Effective immediately the company will begin repurchasing shares through both open-market and selected private transactions in order to reduce the total number of outstanding free-trading and restricted company securities.

Mr. Paul Alonzo, CEO of Phoenix, stated, "This initiative signifies the Company's commitment and unwavering focus to maximizing shareholder value. To date, we have been extremely reserved in share issuances and are now in the cash position to reward shareholders by actively repurchasing outstanding common stock to further propel the company's underlying fundamentals." He continued, "It is our plan to complete this stock repurchase in conjunction with the ongoing initiatives in place to facilitate fully-reporting status and an eventual exchange migration. We anticipate that we will be able to complete both initiatives by the end of the second quarter of next year."

It appears to me that it is all 'Common' stock, though some of it is 'Restricted' stock, which has become 'Un-Restricted' probably because the time frame on it's Restriction has been fulfilled, and is now able to be sold on the Open Market...

That is IMO a Good thing, as when these Restricted shares became available to be traded, they could have been sold into the Open Market, thus adding that many more shares to the Float...The Company has decided to keep them out of the Float, and return them to the safety of the Company Treasury...

I hope this helps you to understand the situation more clearly...