Phoenix Associates Land Syndicate (fka PBLSQ)

[arconway]

The post by duelittle2 should have been on the 'PBLS-Free Zone' Board at http://www.investorshub.com/boards/board.asp?board_id=4459.

To me this is by someone who wants to shake shares away from PBLS longs. Why?

News Release Aug 03, 2005 --
Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS) today announced that Dennis Kowalski of Kowalski & Associates has completed an initial review of the Company's Balance Sheet for the period ended December 31, 2004. This balance sheet, while unaudited, represents that the total stockholders equity (net worth) of Phoenix is about $39.7 million. Mr. Kowalski's firm has been contracted to audit 2003, 2004, and 2005 and will work in conjunction with the law firm of Dickinson/Wright to help make Phoenix a fully reporting company by mid to late 2006.

PBLS is making strides to come back from near bankruptcy and has grown significantly through acquisition and development of current assests. They WANT to make the next move up to a different board. Audited results are underway to facilitate that move.

Just read the header press releases or go to PBLS website to get more information or pinksheets.com. The closing of the Progas deal will solidify for me that the company has turned around and is making money making deals. That does not mean I don't have questions but this is a risk worth taking.

No disrespect to duelittle2 intended.