Replies to post #24671 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Time To Roll]

mthead

"It could turn around tomorrow but it's even more likely to keep going down and anyone just now getting in should be prepared to lose 50% or more of his money with no guarantee of ever getting it back."

I agree with much of what you have to say, however I didn't realize any of our investments came with a guarantee. I invested in this one for the long term. I play many others for a flip or a good run. There is just something that keeps me in this, I can't explain it and I know many others feel the same. In retrospect, at this place in time I would have done much better trading it. I view the money I have invested in PBLS as seed money. Many seasons have passed and many more may pass before I get the reward. A lesson to all would be to never invest more than you are willing to loose. It could happen with any of these plays. Dead money for now, in the long run who knows. GLTY

[midas716]

hey meat, at this point i couldn't agree with you more. There is a smell starting to eminate from that there pit. Progas sounds like they're giving away the gas at audited net profit of $375,000 on 190mil in rev for 2005. Something stinks around here and management needs to break out the deoderizer in a hurry, but they won't until their pockets are lined. Heck PA probably has 200mil or more shares by now.