Phoenix Associates Land Syndicate (fka PBLSQ)

[grizzy]

Agree completely...in fact I believe I posted that once or twice before. It doesn't make one ounce of sense to buyback shares in order to *push* the price up...it would be money down the drain! Nope, you buyback cheap as possible, release the O/S figures and let the PPS *leap* to its proper place once the buyback is complete (and in the meantime you buy more than 100M because in the upward correction you can make some sweet green). The current PPS doesn't surprise me...and I'm in far enough back to not bother selling to cut losses (though I did consider re-positioning once or twice...hindsight is always 20/20!)