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Joe Burmeister

09/15/06 6:09 PM

#24181 RE: Shizoku #24174

Lies, Lies and MORE Lies........

"2005-2006 will be a great period for Phoenix stockholders and supporters. We want to thank our stockholders, customers and suppliers for their support and we look forward to continually improving our informational releases and adding stockholders value to our company".

http://www.pbls.biz/pressrelease_content.asp?prid=15

tedwitt

09/15/06 6:12 PM

#24182 RE: Shizoku #24174

Shizoku,
That is the time line I have been following, unless PA bought back the shares and settled the debt with them and did not PR it.

Sideem

09/15/06 6:35 PM

#24184 RE: Shizoku #24174

Okay...and they released unaudited finanacials 07/06/06 for 2004-2005:

http://www.investorshub.com/boards/read_msg.asp?message_id=11906905

That was almost two months after the initial fifteen month period. So at this point, they would be working on getting these audited before May 2007, in addition to getting audits done for 2006, per the agreement. To not do this would mean losing the debt settlement.

Okay...I'd think PA would have a vested interest in getting the filings done by then.

Too bad the negotiations didn't include incentives for completing these sooner...:-)

Sorry...just thinking out loud.