Phoenix Associates Land Syndicate (fka PBLSQ)

[WhiteSahara]

ElsieCat,

I emailed Paul just a while ago. What was his motivation for promising the specifics when the acquistion was made? What is the motivation for not providing it? PBLS will certainly be able to acquire shares at a lower price. However, at what cost? What value are we shareholders to Paul and management? Are they assuming we are easily replaced? PowerPole and others have been straight up supporters of the company and deserve better than the ignoring of a promise to provide details. Management can still navigate this into positive territory, but they can no longer ignore their own edicts and continue to hold valuable alliances with much needed longterm shareholders they purportedly value.

Here is the text of my email to Paul.


Dear Sir,

"While specific information on the acquisition will be made available when the transaction closes"

Your quote from the earlier announcement regarding the acquistion of ProGas, but no specifics were provided. You apparently have a long and well developed history in the New Orleans area, strong enough to attract a larger firm, ProGas to throw their lot in with you for the future. I am sure you have cultivated ties and relationships in your native area that youhave nurtured and you value.

We shareholders have placed trust in you, by placing monies in PBLS, to help ensure PBLS's future growth. You have rewarded us by ignoring your promise to us. You lost some of your staunchest stockholding allies with large shareholdings today based on your decision to ignore your prior commitment. You did not provide transparancy regarding the ProGas closure and what the costs were to PBLS to consummate the deal. Credibility and integrity are easily lost in the stock market and hard won to gain back. Your personnal credibility took a large step backward today and it may never be regained. You have severely misrepresented yourself and PBLS today.

Very Disappointed,