Replies to post #34919 on Phoenix Associates Land Syndicate (fka PBLSQ)

[WAC]

Spam = posts 34910 - 34916.

I don't like reading this stuff either, but I suppose they are doing nothing wrong. Just iggy them.

From a non posting old timer still holding for about a year and a half.

[USA*2014]

Thank you, Ren. We do the best we can to keep the board fair and balanced. Not everyone agrees with us but we just enforce the board rules not a personal agenda. Its a touchy area either we are accused of deleting to much or not enough; however, we will never allow a cluttering of nonsense like that other board.

Unlike the other board you can always appeal a deletion, I suggest anyone with concerns address them to Matt.

[feferrel]

I completely agree, nobody here needs repeated sunshine blown up their @$$. The new pumpers are very suspect in my opinion. I also think that many experienced investors see a completely positive and enthusiastic board as a caution sign. That stuff should be discouraged IMO.

[gbb777]

OK Ren, here is my 2 cents about the preferred.
I have read comments about having to wait 5 years
for the preferred shares to be repurchased.
IMO, this is not true.

****
Quoting the PR :
Phoenix will redeem the preferred stock WITHIN five years from the date of issuance.
****

I called Mr Mulshine the very morning of that PR (proud to
be the first caller LOL). It is my understanding that the share redemption will occur at the company's convenience, as part of the plan to reduce the O/S, BUT NOT LATER than in 5 years.

Again IMO Phoenix is reducing the O/S (tradable) shares
in view of the a SEC filing and move to another board.
They promise to buy the preferred shares at 6 cents.
Let's say at the end of the year (being on the OTCBB) the shareprice is 12 cents or more.

Phoenix may well decide to redeem at that moment, after 8 months only !!
Compared with the today's share price, this is a WIN/WIN
situation.

I am sure the audits for 2003/4/5 are done.
I am sure the audit for 2006 is underway, showing a healthy profit. (And a LOT of cash in the bank...)

Any buyback of shares has to happen NOW.
Remember the buyback at 3 cents. The company must see this as dirt cheap, based on the figures known only by themselves.

The company even allows you to buy shares NOW and convert in
a couple of weeks. Don't forget that the share price might
skyrocket THANKS to the courageous shareholders who take on
the offer, thereby reducing the O/S!

This is as good as a cash dividend.
I might be wrong, and indeed we are on the "pinks", but the offer is real $$$

Just an opinion...back to lurking
gb

[Niko heil]

Renavatio, Balance my A$$

(though I often do miss the balance they brought).