Phoenix Associates Land Syndicate (fka PBLSQ)

[fizzlegig]

Cowboy

Agreed. The 4 things that are disapointing to me are:

1. Gagged TA
2. The whole A/S mistake
3. Brass Bulls
4. The 190 million rev PR without letting us know in that same PR that profit was so slim

The gagged TA will hopefully be a non-issue soon. However, some rep damage has been done by insiders posting that it was gagged due to volume of calls and not because they were planning to dilute. Most of us knew what was going on.

The A/S mistake throws up another caution flag for me. There has been indication that it was only disapproved due to the fact that there was no vote on it and that shareholders must vote. It scares me that we "could" see a vote on it and the company would hold a majority of shares basically voiding out any vote other shareholders might have.

Brass Bulls - well the mistakes and the fact that it was not a better known firm.

The 190 million rev PR - I think most of us that speculate on pennies would understand if we purchased a low profit company with plans to turn it into a much more profitable company. After all, that is what Phoenix does right? It seemed a little misleading to present it to us in the manner it was presented. It just makes me play a little more "devils advocate" on the other aquisitions and projected earning of existing divisions.

I have no doubt that the company will do very well in coming years. The question here is will any of that be handed down to those of us that PLAN on being here for many of those years.

There are some that have been around since June of last year in reading posts. I would be totally happy with results they have had with almost trading at 10x what they probably bought in at. But as I have posted previously, to ask the company to blink and make us all millioniars is asking a bit much right now.

Regards,
Fizzlegig