Well I have an opinion what it all means but it's just that an opinion. As I mentioned I'm out of the stock . But I was recently asked about other sucsessful business's Mr Alonzo had created - or run etc.
From PBLS's Website
Charles ‘Paul’ Alonzo
Chairman and CEO
Born in New Orleans, Louisiana in 1946, Paul Alonzo, attended Northwestern State University, receiving a Bachelor of Science Degree, and achieved a Masters Degree at Loyola University. Mr. Alonzo pursued a Ph.D. at various other universities. Starting as a special education teacher, Mr. Alonzo simultaneously began a career in construction. Through the years, Mr. Alonzo has successfully founded, funded and operated construction companies, renovation companies, night clubs, restaurants, and agencies in insurance, brokerage and collection industries. He has successfully managed groups with as many as 1500 employees in multiple industries. Phoenix Associates Land Syndicate was formed in October 1996 to become a public holding Company.
Like I said I have an opinion on whether Mr Alonzo has a proven track record of business success. But you should maybe check for public info on some of the companies that are no longer viable that he was involved with.
It has been my experience that people see what they want to see in life and especially in the stock market. I wish I could say I have 20/20 stock investing vision- sadly I don't.
