Replies to post #38381 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

Agreed...

But that makes me remember another question for the board I've been pondering for a while...where do you think they came up with the $.06 price point for the conversion? Just an arbitrary number, something tied to profits, what do you guys/gals think?

There's no FA numbers that I run that would put us at $.06, unless that's the eps and the pps at no multiple. If that's the case, come mid-June we're all going to be some VERY happy PBLSers. You might just end up getting a weee out of me after all (instead of the beer just making me weee).

[sawdin]

I don't see it that way. My understanding (which could be very wrong, of course) is that they wanted to get the float down. Also, if they wanted to raise cash they could just sell shares on the open market, either before or after the releases. Also, Ron and Paul know that in order for PBLS to make 'blockbuster' deals, they need to have a much higher share price. They also know that if they want to personally have holdings in the hundreds of millions- 1/2 billion dollar range, they need a much higher share price. They are also smart enough to know that they need more investors to increase demand which causes an increase in share price and they are smart enough to know that in order to do that, they need to be considered as a 'real' company that is transparent, dynamic and growing and not just another pinky trying to pull a fast one by selling shares behind the shareholders back. They are smart enough to realize that what might have been acceptable (or necessary) a few years ago is not acceptable for where they are now and WHERE THEY WANT TO BE IN THE FUTURE.

Just my humble opinion, of course, but I sure hope I'm right!