Replies to post #39195 on Phoenix Associates Land Syndicate (fka PBLSQ)

[sawdin]

Possible. My understanding (which could be wrong) is that PBLS doesn't consider the OTC to be much better/different than the pinks in terms of naked shorting and MM manipulation. However, in general, investors consider there to be a difference in quality between OTCBB and pinksheet stocks.

[LowFloatGoat]

git, I agree. If LDTI goes out of business then PBLS will own the shell and can use it to quickly jump to the .ob if necessary. If LDTI survives then PBLS has another distribution channel and customer for its pool and contruction businesses.

[notime2wste]

LDTI--Try this


"On February 13, 2007 Leisure Direct issued 1,464,300 shares of its common stock to Phoenix Associates Land Syndicate. The shares were issued in full satisfaction of a debt in the amount of $131,787 owed by Olympic Manufacturing Company, a subsidiary of Leisure Direct, to Phoenix Associates Land Syndicate."

From: http://biz.yahoo.com/e/070215/ldti.ob8-k.html

[VistaViewer]

gitonwithit, Interesting! You may be on to something...

I think it takes something like 3 qtrs of filings, plus an application, for a company to rise from the pinks to the OTCBB. Perhaps an RM into a fully reporting company would get around that requirement. And any accrued tax-loss carry forward would shelter profits and might be the major reason for PBLS to go for it.

Sounds like it could be a big win for PBLS. And I'm sure it wouldn't hurt the stock price as they could keep their profits and use them for further expansion.

Just an idea...

VV

[WhiteSahara]

From their last PR: The Company expects to close this new acquisition within 90 days.Financing is in place and due diligence has started. Upon closing all financial details will be released to our shareholders and the investment community.

There was conjecture at the time of the LDTI share acquisition that a reverse merger may be in the works. However, it appears to simply be LDTI could not meet their financial obligations with PBLS and payment was received via the transfer of shares of stock.

I discussed the scenario you presented with IR & they simply laughed.

AIMHO

[Realperson]

Easy access to all pbls info here


http://home.comcast.net/~new.p/pblsone/


should be in the Ibox
but it aint
hmmm

[stickfigurefred]

I think they need to R/M with LDTI shell and form PBLZ.OB :) em

Fred