Replies to post #43183 on Phoenix Associates Land Syndicate (fka PBLSQ)

[bagwa-john]

That's my take on it. If you're a gardener, you could say they've put down quite a root base and she's been peeking out at ground level for a while now. Once the actual growing starts we should have quite a prize. Acquisition phase has to slow down at some point I figure, then the profits will be going back into the coffers.

[Bearcatbob]

"They ought to be able to squeeze out enough profit to move the stock price substantially higher even with the higher OS."

What in the world would ever make you think that sales and this company will translate to profits? That implies a business plan. It implies discipline. It implies a functional accounting system. It implies controls.

What in the world can make anyone think this company has any association with the discipline necessary to define and execute a business plan.

Also, as for the Pfds - who gets them and on what basis? Where is the shareholder vote authorizing such? Is it all at the whim of the BOD?