Phoenix Associates Land Syndicate (fka PBLSQ)

[Here comes the night]

FWIW Recently Power Pole mentioned talking to the CEO of PBLS about multiple things but found Paul to be very satisfied with eliminating about 10,000,000 worth of debt. That may have been bandied around here so much that in the end it looked like they may have depletede Progas to get the money or sold gazillions of shares to pay off this "debt' Actually they had an old,old legal dispute where they were the defendants and that was the amount being fraudulently asked for. They never felt this would ever be settled
unfavorably but it did have to be accounted for on the books . Therefore it was sort of a " contingency debt" as in worst case scenario. That issue has been settled favorably for PBSL and in essence puts 10,000,00 back into the company balance sheets..but it was not a debt as such..as in they paid it off with cash or shares. Just thought I'd pass that one here..MWC