Phoenix Associates Land Syndicate (fka PBLSQ)

[DFYSW]

neighbordave, how much is it costing PBLS to make those revenues? Do you actually know that they have enough left over (profit) to afford the new office and the new leases, not to mention maintaining a positive bottom line for shareholders? Especially where the leases are concerned, don't you think that statements such as "total unrealized value of the Company's total estimated oil reserves now exceeds $3.5 Billion USD" are a bit misleading in light of the high costs and no guarantees involved in tapping these ESTIMATED reserves?

Of course I am greatly encouraged that yesterday's announced deal is an all-cash transaction. But I still wonder whether management is an easy mark for oil patch veterans or smarter than everyone else in a red-hot area where they have no prior experience.