Replies to post #42654 on Phoenix Associates Land Syndicate (fka PBLSQ)

[momentumtrader]

I called Dennis Kowalski this morning. I have been trying to get him since Monday. He spoke to me this morning and he told me he was busy but would get back to me. He said lets both schedule a time where we can both talk. How does 5.00 Eastern time sound for you. I said great I will talk to you then.
I called at 4.45 eager to speak with him. The receptionist told me he was in a meeting and she was able to interupt him to let him know I was on the phone. He told her to tell me he would call me as soon as he was done. I waited patintly for 1hour 25 minutes waiting for his call.
I finally call back at 6.10. The receptionist tells me he sent me an email. I am thinking what the heck is this.

Here it is at 5.38.

Scott:

As our packet was submitted to Mike Mulshine and the Pink Sheets last Friday, Phoenix has answered a barrage of questions from both the Pink Sheets and certain shareholders. It is our objective to totally satisfy all questions and issues as presented by the Pink Sheets, certain that if the exchange is satisfied with the information, our shareholders will also be satisfied. This has obviously not been the case, as a few shareholders, and only a few, have persisted with peripheral questions.

Phoenix has attempted to be courteous with all shareholders, but find our day continually interupted by a few. For this reason, Phoenix will insist that all calls be directed to Osprey Partners. Osprey will then pass all comments to the appropriate associate at Phoenix.

Thank You for your patience and understanding during this period, as we continue to do our best to serve our shareholders, company and associates.


Dennis J. Kowalski
V P Operations
Phoenix Associates Land Syndicate, Inc

[gitonwithit]

Goat, I think you're on the yellow brick road my friend. Right on with the calculations although I think we're way lower than that because of stuff we can't verify yet. I mean we've had a pps decline of 65 percent in the last 5 days or so with volume of about 210 million (just a rough guestimate looking at my stockcharts). If this was a NASD or AMEX exchange that was more highly followed, we'd have likely seen two or more times the float change hands with a similar decline in pps. Now take out the flippers and I'd say the float is about 400 million, maybe less.

Big question is...where are the other shares? Maybe issued but restricted to the parties PBLS acquired? If so, must be one helluva acquisition to warrant that many shares. Can't really say I blame management for not wanting to personally field calls from disgruntled investors, I prefer them to git their butts to work and put some uptick on that 7 million ebitda they turned in 2006.

The .034 wall was uncanny. Someone big got wind of the release and shorted the .034, you could have bid a million shares at the ask then turn around and there were more to sell. Maybe the janitor was a plant and they saw the report on a desk prior to the release or something, stranger things have happened. I'd say there's a bully on the block that thought there were a billion plus shares to cover with but they are about to rapidly find their pants down around their ankles when they try to cover.

I've traded other exchanges for years, this is only my second pinkie to buy, so I may be wrong. There'll be some that laugh, but to them I say trade what you see, invest in what you feel.

[Renavatio]

True...but anyone want to elaborate on the relationship between Phoenix and PBLS, LLC? Can an LLC under a parent use the preferred shares of the parent?

If so, I need to find a parent.