Replies to post #34943 on Phoenix Associates Land Syndicate (fka PBLSQ)

[tedwitt]

Ren,

Many of the old timers are still here. My first post was on PBLS. You ask why we do not post the in-depth stuff? Most likely because over the past year we have had what amounts to food fights on this board and talked the major subjects to death.

The substance we are all waiting on is the legal settlements, the un-gagging, & AF’s; every thing else has been talked to death.

PS;
MrP never substantiated one of his claims.

[PUNTANG]

Here's my best guess at yet another story on the OS TA gag. Let's assume that the OS is now only at 700M, but NSS are 1B so the stock trades as if the OS is 1.7B. OK, PBLS knows the real OS, but if they were to announce the OS and a private equity firm bought "controlling interest" in the stock by buying up the NSS shares ... Houston, we have a problem ! By keeping the OS gaged, a private equity firm doesn't know how much stock to buy to gain an artifical controlling interest in PBLS. So, PBLS keeps the TA gaged, converts common to preferred, insiders convert a portion of their shares to buy up the OS. PBLS may be able to buy up the entire FLOAT ! Now, what happens next .... don't know?