well, there are a few missing...so far PBLS has not reported any debt. Progas apparently has close to $400K/year net profit. If Phoenix wanted to maintain shareholder confidence, they could indeed support a buyback, which they already PR'd that they would do (even if PR'ing something like that in the pinks doesn't mean they'll actually do it)
IMO "A one that is not cold is scarcely a one at all" --Strongbad
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.