Phoenix Associates Land Syndicate (fka PBLSQ)

[monkeyfrog]

Zeptepi- "What you consistently fail to mention is that PBLS usually requires a 5 year period before it can be sold (or repurchased by PBLS for an agreed-upon price)."

If this is true why doesn't the company put this info for all to see in their PRs? The only PR I saw with that info was also the one that said the safe harbor friendly term "usually"
So why not clue everyone in all all the aquisition costs since the July PR . Seems simple enough.


from June no mention of restricted then---

http://www.pbls.biz/pr26-a.htm

The third issue is dilution. Phoenix is a growing company. We plan to add five to eight new acquisitions before 2005 is over. Phoenix does not generally buy with cash, but buys with stock. As Phoenix buys -- the assets and the income of the company are expected to increase exponentially. As Phoenix grows, stock will be issued. With these stock issuances, the company continues to increase its stock value for all concerned, but this also causes dilution. There are many companies that do not grow, they have no dilution, they have no market and they have very few future prospects to drive their stock value. We believe that Phoenix stock is for those investors that are interested in a healthy, growing, dynamic company that has a future and that is not content with stagnation. As a limited example, companies like G.E. own and operate hundreds of companies and they have issued 10.61 billion shares of stock and continue to do so. This entire message is from Paul Alonzo, President and CEO of Phoenix Associates Land Syndicate, and it reflects the view and business plan as developed by the Phoenix Board of Directors.


From July - should be noted that several aquisitions have happened since then with no specifics as to what the terms are.

http://www.pbls.biz/pr26.htm
TO ALL PBLS INVESTORS:

Several investors called the office after our last news release expressing concerns about the use of stock when purchasing existing companies. RESTRICTED AND/OR PREFERRED are the words I left out of the release. In almost all cases we use five year restricted and/or preferred stock to purchase other companies. Each deal has certain unique aspects but they are usually structured with RESTRICTED AND/OR PREFERRED STOCK with certain triggers wherein a seller can exercise various contract options. It is also appropriate to say that any purchase by Phoenix would be expected to be accretive within the first year of purchase, which is certainly in the best interest of our current shareholders. I hope this further clarifies the use of stock in Phoenix purchases.


Thanks for your insight