Replies to post #42688 on Phoenix Associates Land Syndicate (fka PBLSQ)

[lakedweller2]

Agree. Just some frustration and understandably so. Let's see if something pops up this week. May help both sides work through the stress. Who knows.

[phred65]

You are correct- Mr. Kowalski is not in a position where he would ordinarily communicate with shareholders and I have no interest in speaking with him. However, in that he did communicate with a shareholder, the actual content of his communication certainly raised my brow.

Yes, I speak with Ron Blackburn or Mike Mulshine when I have questions and have found both reasonably available.

[momentumtrader]

If you have a question about financials you most certainly want to talk to the CFO. That financial information is a joke.
It looks like a 4th grader put it togather. We were told they were weeks if not months getting the information togather. It raises more questions then it answers. Did people read it. So much is grossly inaccurate from what we were told.

Did anyone notice retained earnings from 2005 to 2006. It went from 6,465,102 to -158,000. An accounting friend of mine said that it was disturbing to her who is also a shareholder of PBLS. I said maybe it went to aquisitions or something. She expressed it has to ba a carry loss forward or distributed dividends. Have we started paying of Preffered 1 or 3? Who really knows.

[dlaserman]

PBLS deferring investor calls to Mulshine makes sense if he's ungagged and apprised of what the business is doing. Otherwise it's passing the buck to someone who can't answer the question in my opinion. Kowalski's comment, though correct in that it should not be his job to field such questions, misses the obvious point that they have not as yet remedied their transparency in order to provide answers to investor questions. His answer therefore is totally unsatisfactory until that happens.

If someone else has already pointed out this obvious point, I apologize.

D -