Phoenix announces buyback on June 19th
The stock starts a downward slide.
Phoenix on August 11 rescinds buyback but gives people up to
August 15th to get their certs in. They buyback from what I heard was 42 million shares at 3 cents. They personally bought from me 1 million and the check cleared.
The stock continues downward.
Phoenix Associates Acquires Best Jets Group of Companies on August 23rd. Stock contines to go downward.
Phoenix's Best Jets Engines Awarded Contract to Service and Support J85 Turbo Jet Engines
The stock continues downward slide
Phoenix updates shareholder on September 26th.
They report:
Phoenix expects revenues through the 1st three quarters of 2006 to be above $125 million, and is anticipating revenues for the 4th quarter of about $81 million. This number was revised down because of slumping natural gas prices. Total revenues for 2006 are therefore expected to come in at about $206 million. Because of a substantial profit to be realized at the Best Jets Group of Companies, net pretax revenues of Phoenix could reach 10% of gross revenues.
The stock continues a downward slide.
They have made in the neighborhood of about 15 positive press releases and the stock just went down.
Then the stock trades at .006 for 10 straight days. Tons of buys. Probably 80 to 90%. The stock ends up stuck. Won't move up.
Gosh their is no manipulation here.
Their is no short selling.
The truth of the matter is whomever has taken upon themselves
to heavily short this stock are going in the end to create their biggest nightmare of their life. Well deserved of course.
Long and strong!!!
Keep the faith.
Good is going to win on this one.
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