Replies to post #46025 on Phoenix Associates Land Syndicate (fka PBLSQ)

[quiet]

C) I'm trying to find this in my notes but haven't been able to... if I remember right, straight from the horse's mouthpiece (first half of 2006 sometime?) was that gagging was done to be able to keep various deals in the works from being able to see (via os changes, etc) what kind of other deals were cut. Sounds kind of weird now looking back on it and I can't find my backup on that so don't quote me. LOL.

[Cutting Corners]

My guess is A.

No matter how hard I try to convince myself that this stock is a gold mine, I can't. They have the series 111 to prevent a takeover. I would have preferred them sticking to building one big company where all the divisions are related. Instead, I find Paul a spendaholic buying anything and everything he can or can't afford that he thinks is a good deal, and I think that is the consensus amongst investors. "Buy, buy, buy and buy some more." What a stupid motto for a non reporting pinkie with a gagged TA. If that doesn't stunt PPS growth, what does? You don't come up with a five year plan when you don't know what's available in two or three years down the line. Is Paul clairvoyant? No, but I know what he is, and so do most. Unless a monster PR is released, I think there will be a lot of selling going on in the $.03's...if we ever get there again. OK, I'm done whining. You can go back to your logical and sensible discussions now. Thank you for letting me share.

Bob

[roach4091]

D! Because they could! em

[gnulnx]

My responses from Ron about the gagged TA.

1) We gagged the TA because investors were harasing the TA.
2) Our legal council advised us to leave it gagged while we worked on audited financials...I was also told that they had spend about 1.5 million on the audits a year ago.
3) Our new legal council said we could ungag the TA, but we don't want to.

Of course these possible conversation are only in my opinion and I would never say that Ron Blackburn actually said these things...especially since they have a lawsuit hungry attorney...which is also only my opinion.


Personally I think the truth is they did some illegal private placement deals....I know for a fact that some of the people in these deals were not accredited. To boot they also sold a lot of shares, and Ren before you say I can't prove that I say you are right. I'm only saying what I was told by Ron...perhaps it was a dream conversation. However they did sell shares and that is a fact. The OS was under 400M at one point and Ron told me it was around 800M at another point...after Katrina. They sold shares into Katrina and they did this all the while saying there were buying them back.

Of course this is all still in my own imaginary opinion and it has nothing to do with countless hours of due diligence and phone calls with people in several divisions of this company. Most likely I'm just someone bashing to get the stock lower so I can buy more.

Cheers