Replies to post #13728 on Phoenix Associates Land Syndicate (fka PBLSQ)

[peorge]

they were going to buy back 100,000,000 if i remember correctly, its in one of the pr's. don't know if they have or not done the buy back yet.

peorge

[Waverider110]

Thanks tedwitt

good stuph on Nevada and I totally agree. Clearly, they will not drill there without risk transfer to partners.

As to the buyback, yes, they are done with buying back shares, IMHO, so that they can use them for acquisitions.
Those three new oil service companies, look for a "cash and stock" purchase price when the PR announces that the deals are officially complete. They needed to spend the "buyback" shares on those transactions. This is especially true after the application to double the number of A/S was sheepishlly withdrawn from the Secretary of State for Nevada late last year.

OCICBW