Replies to post #15941 on Phoenix Associates Land Syndicate (fka PBLSQ)

[gnulnx]

no brain dead.

I think we are all saying the same think. All I'm pointing out is that the restricted shares are removed from the float for 5 years....so we benifit for the next 5 years. I suspect I will have made my million or two on this company in 5 years time.

[Cowboy]

Imirish...I think I got what you are saying...yes the resticted stock is tied up for 5 years...but if they are retired then they are out of the market.

The remaining shares that are restricted will become tradable when the restiction period is over. Then yes they can be sold unless of course the price is still going up and the company has more on the horizon..which they shoudl have...in which case it would be foolish to sell just because the shares are unresticted.

But yes I understand where you are coming from...and no you are not brain dead...many that read this board probably needed clarification on this matter so I hope with our conversation they have been answered.

Cowboy

[fizzlegig]

Imirish - If they hold for the restricted period and then sell. They will be selling at a much higher range or PBLS guarantees that they will buy them back at a higher range.

To me, this means:
1. If the restricted shares are flooded to the open market higher than the guaranteed price, this would be well above the current range at least from what we know and I think that you, I and everyone else in right now would be just fine with that.

2. If PBLS ends up buying back the shares per the guarantee, (lets just say $1.00 - $5.00), why would they turn around and sell them for a loss.

The way it is set up from what we can tell, either way the restricted shares will be win/win for us, unless PBLS never makes good on them and sinks. I think our odds are pretty good.


Regards,
Fizzlegig