Replies to post #46366 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

"They lease the pit, and the owner is trying to terminate the lease because no subcontractors are permitted. According to the latest PR they are bringing even more subcontractors in."

Ummm...where do you get THAT from? The lease says that they are not allowed to sub-lease, which they never did. That's why that argument has been dismissed "with prejudice" by the court.

Value, again, it's okay to be ticked. The pps is down 70% since June, nothing is clear with the company and the "5 years to $5" mantra seems to be dead. Plus, I'm fat and getting old and my wife thinks the pool boy is hot and it's Sunday and instead of napping I am arguing about this rubbish. But please, please, get the few facts that we do know straight before you post.

[tedwitt]

PBLS is going to hire 10 new accountants, why don't you apply?

hint;
Present value of a future income stream.

I guess all of the fields present and planned for XOM are accounted at the cost of production?