Replies to post #43855 on Phoenix Associates Land Syndicate (fka PBLSQ)

[tedwitt]

I think it is Paul's way of stiring up a take over rumor.

Face it; PBLS has no interest in supporting the price of the common until after the conversion deadline

[Imirish]

anchor

I don't think they were either, but do we really know... no transparency and none on the way, we have no clue... that is the problem here...

in my opinion...

Imirish...

[balancr]

How does all of this compare to what was posted officially by PA at

http://www.pbls.biz/pr24.htm

FOR IMMEDIATE RELEASE

PHOENIX ANNOUNCES PLANS
TO BECOME A FULLY REPORTING COMPANY

June 16, 2005 - COVINGTON, LA


Investor Information:

Phoenix, trading on the OTC Pinksheets (Symbol: PBLS) has about 2,600 shareholders of record. The Company has a total of 377,291,802 shares issued and outstanding as of June 10, 2005, of which 228,085,575 are restricted shares, and the remaining 149,206,227 shares are non-restricted shares and considered to be the public "float" shares. Based on the closing price of PBLS on June 10th the Company's Market Cap is about $5.3 million.

For more information about Phoenix go to the Company's website at: http://www.pbls.biz

So two years ago we had a total of 377 million shares. Now 2 Billion. (oh how we miss Carl Sagan or it could be billions and billions). I guess a bunch werre authorized and just not issued. But in two years they have issued almost 1.5 billion shares - and we bought 'em!

I get the impression that the series 3 have 62.5 mil authorized and 10 million issued.


THe 6/14/07 press release gave interesting numbers.

Phoenix Associates Land Syndicate, Inc.

Consolidated Statement of Revenue and Expense - Pre-Audit

For Year Ended December 31, 2006


2006


Revenue 178,143,101

Cost of Goods Sold 159,605,335

Gross Profit 18,537,766

Operating Expenses 11,160,096

Operating Profit / (Loss) before 7,377,670

Depr, Amort, Depl, Interest & Tax 5,898,199

Other Income / (Expenses) 7,200,000

Income / (Loss) Pre Tax 8,679,471

So it costs $11 M to run PBLS - how much of that into PA pocket? Semms high for the small number of employees.

[Whirligig]

The largest intangible is the number of common shares in circulation.
The announced number of 1.75 billion common shares has always been known. PBLS said they were keeping the 750 million unissued shares in the cookie jar and were not selling them. Now they are listed as issued, but we do not know if they are still unsold and residing in PBLS cookie jar, or if we were bamboozled and PBLS has been a share selling company as feared.

I believe that there is a long term plan being implemented but these are the growing pains we must experience as management does things their way.

Management seems to have separated from shareholders as their hands are full juggling the balls of development, and shareholders are perceived as uncontrollable children demanding attention.

We may not like the analogy but it seems to have a bit of truth.

[Bcatbob]

On what basis was the Series III given? Was there a payment for value? I simply cannot believe management can give themselves control of a company for nothing? Something is missing here?

Is it possible that the BOD sat down one day and gave away the company to each other? Somebody help me. Should we call Wyatt Erp to get after Jesse James? Help me understand this?

[El Cornholio]

Do you have anything to add other than "I have the sense that . . . ." You're crazy if, without any factual proof, you think PBLS management just gave themselves over 100 million in preferred shares. They cannot be that stupid.