Replies to post #36752 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Whirligig]

cdaniel,
In fairness....... we do not know what happened to John Burge.
We do not know if he had a problem with PBLS or decided to focus on running his other company that he did not sell to PBLS.
PBLS management seems to have a controling and agressive attitude and may not be easy to work with.
I Am suprised that so few defections have occured in the last two years.

[tedwitt]

There was no defection, John B. has personal assets like the Mardi G. pipeline as well as others. He needed to take care of his assets which need a lot of DOT maintenance. He is now an advisor...

All it told me was there is no oil play here. A play that could have make this stock run like hell and the reason I came here in the first place. Now I see this as dead money for the next few years. I do feel BS'ed a lot by the company. Like.... We expect to file the form-10 late this year (That was in Jan 2006). This is worth .25 pps (That was in 2Q06). "Very Soon" well we all know that one.

I am not saying that this play will never work out... I am saying that I only have to out wait PA's desire for retirement.

Simple;