Phoenix Associates Land Syndicate (fka PBLSQ)

[kelly leak]

Mikey..

Really and truely, the company assets would now be a good takeover target at .20 cents or so IMO. The pit assets, the construction potential in NOLA, Progas revenues, the KY pumping wells and the WY and Nevada lease assets. $200 million would not be so unreasonable.

Paul A. is probably wanting to stay under the radar of any potential suitors until he makes sure he has some kind of poison pill developed against any hositle takeover attempt.

Like he would still be in charge of writing all PRs for the new company. That should do it. ;)