I don't recall the company PR stating they would file by February 06, many investors thought they would. The company did release these statements;
June 16, 2005 - COVINGTON, LA - Mr. Alonzo, President and CEO of Phoenix Associates Land Syndicate announced that the Board of Directors made the decision to bring the Company into SEC compliance and to become a fully reporting company in accordance with the U.S. Securities Act of 1934 by mid-2006.
“COVINGTON, LA, Aug 03, 2005 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS) today announced that Dennis Kowalski of Kowalski & Associates has completed an initial review of the Company's Balance Sheet for the period ended December 31, 2004. This balance sheet, while unaudited, represents that the total stockholders equity (net worth) of Phoenix is about $39.7 million. Mr. Kowalski's firm has been contracted to audit 2003, 2004, and 2005 and will work in conjunction with the law firm of Dickinson/Wright to help make Phoenix a fully reporting company by mid to late 2006.”
NEW ORLEANS, LA – July 31, 2006 - Whether good or bad the news will be released and as we take each step Phoenix will become fully transparent. I am not going to predict a date or a time on the release of this information, only that it will be done.
NEW ORLEANS, LA – Sep 26, 2006 -Finally, with all said and all major acquisitions completed, Phoenix will increase its activities to become fully reporting. Phoenix expects that when it files that Form-10 the total issued and outstanding shares of its common stock will not exceed 815 million shares of which approximately 40% will be restricted.
They have a good chance of releasing AF’s by the end of 2006, IMO. I don’t think I can go wrong buying at the current levels.
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