Phoenix Associates Land Syndicate (fka PBLSQ)

[neighbordave]

Cash, mislead?...pr's consistently state that they will use restricted and/or preferred shares for acquisitions. Personally, I don't feel diluted...not until those shares are sold into the public float (years from now). Mgmt. says it is less than 1 b. As they negotiate, they need to grab the shares and sign the deal. So the "bank" is 1 bil.? Shoot, yesterday it was 2 bil.! lol. Where have you been!

I do feel diluted...because certain mm's sell as many shares as they want. Eventually we will choke on it...thus the short rant. (I have penned a few notes to the SEC myself in the past few months. Sorry to see suspicians verified yesterday.)

Dave