Replies to post #18383 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Wonway]

For me to come up with a worst case scenario, as to last year's earnings, I used the numbers from 2005.

Revenues: $165,971,862,
Outstanding shares: 2 billion
Net income: $6,649,963 (It is probably higher due to the stock buy back program, but mostlikely no lower as they had no cash on had at the end of 2004).

[gnulnx]

tedwit

you nailed it...what are the motives? We are told to "trust us". We hope that they are keeping it secret so the company can purchase more shares at a lower price and thus make it worth more to all of us later on....but that doesn't make it a reality.

The reality is they could just as easily be dishonest as they are honest. The only reason PBLS has the current investors is because of the outstanding work of the group that visited hq. I can assure that their testamonies are one of the only remaining reasons I am holding right now....otherwise I would sell and then get back in on news....because I do honestly believe PBLS is going well over a dollar and likely to 5 dollars in 5 years if management is not flat out lying to us.

So yeah I'm whining....but damnit I'm bored.