Phoenix Associates Land Syndicate (fka PBLSQ)

[fizzlegig]

mickvonmerk

We do not know what the float will be after the buyback. Some will come from repurchased restricted shares and some will be from the open market. We still do not know if any dilution has taken place either. The last PR on the subject stated that the float was 156 Million. So to answer your question, IF no dilution has occured and 50% or 50 million of the 100 million bought back shares came from the float, the buyback of the float would be 32%.

For all we know right now and as cheap as these prices seem, the company could buy back more. The company buy back could take as long as second quarter next year.

Regards,
Fizzlegig