Replies to post #30839 on Phoenix Associates Land Syndicate (fka PBLSQ)

[seeclear]

'Ren'..... At least such may be the case! We are at least on a similar path. My goal was to uncover, if post Chapter 11, the new and yet to be disclosed lease, has considerable restricted shares inclusive and have those shares inundated the float to a form a harsh enough response to account for direct and "indirect" impact to the pps. And as shareholders was it the fiscal responsibility of PBLS to inform us of these 'stats' in due corelation of their recent pr's and self imposed 'we are the good guy's status'. First you stated that 'pre chap 11' the potential restricted shares were 2,500,000 - 7,500,000...My question @what value pps? My info from a court document indicates to me 'pre 11'... "...Also, court documents show that the company sold 590,00 restricted shares in 1989 and 1999 in relation to several leasehold mortgages on the pit. These common shares were subject to a two year non-dilution clause and were valued at $1 per share.( That would be 59,000,000 current shares - but more likely @2,809,520,000 pre- katrina shares (Note: that would be greater than the current float OS and
AS together) This was of course, was all before the 1999 Chapter 11 filing. The receivers of these restricted common shares were 'Phoenix Asociates Lenders TrustIV'(400,000)( Who the heck are these guys and how do they fit into the puzzle) and 'Capitol Growth Planning ,Inc (190,000). While the leasehold mortgage was originally at $190,000 their were provisions for a maximum of 5,000,000 payable in 5,000,000 restricted common shares! There was also a leasehold mortgage on the pit in the amount of 1,750,000 but nothing was mentioned being payable in restricted common stock. This mortgage was to 'Capital Growth Planning,Inc.', Trustee of the Phoenix Associates Lenders Trust II" (who are these guys) . It has been noted that it's odd that 'Phoenix Associates Lenders TrustIV' and 'Capitol Growth Planning,Inc.' offer the same legal address in California. My point of consternation is that PBLS has flatly claimed their major approach to acquisition has been the usage of restricted shares and I believe they have used a good deal to acquire the pit but are not willing to provide us what could be very relevant numbers. And this was on the pit alone! What else
do they have out there that they need to buyback???? More questions than answers!! Peace Out. SC.