Replies to post #41081 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Xylan]

Others were told no more then 815 million... Im not calling anyone a lier, its just very interesting.

Xylan

[Whirligig]

tedwit......

I don't know why we are hearing such diverse stories concerning the outstanding share count but whoever is reporting misleading numbers will be inside looking out the little window of my barbecue when all is said and done.
This is the first time anyone has reported 1.8 billion and said it came from PBLS!
Are you sure you didn't misunderstand?

[Frankiy]

I think you got mixed with the a/s which is 1.75B and no the o/s

[Han2004fl]

Let's say it's 1.7 billion shares as you said ... are we really in trouble? I don't think so.

LOOK:

Shareholders' Equity: 92,777,904 = .0545 a share
Book Value: 79,545,364 = .0467 a share

EBITDA for 2006 (expected more in 2007): 8,679,471 = .0051 a share

Let's use P/E of 5 = .0051 x 5 = .025 a share.

And you are saying we are going to sub penny? WHY?

From these numbers, anything lower than book value is a steal. PPS at .019 is really a steal.

I think the company determine common to preferred conversion's value at .06 a share is right on target.

Anything lower than .06 as far as common stock price goes is IN-THE-MONEY

If O/S happens to be only 800-850 millions, value per each shares is double my figures above.

NOW ... are the numbers put out by the company REAL, LEGIT? That is what my concern is. Also, what is "Other Income" of $7.2 million is all about? That's HUGE.