Replies to post #48229 on Phoenix Associates Land Syndicate (fka PBLSQ)

[WAC]

"If this contract is real we would be the "BIGGEST" takeover candidate
in the mining industry right now (Bar none !!!)I will say it again (Bar none!)and we are selling @ .02 and falling.............................
WTF !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

Maybe someone is looking to buy them out........or at least that division. It would explain the silence on certain details. I would not surprise me at all. Not sure what that would mean for us as far as our investment goes. Anything is possible with this company. IMHO.

[tt]

The puzzle here is, why are the partners planning to buy in open market. Why didn't PBLS management just make a private placement? And if they do, why would they want the PPS to rise. The lower the PPS the cheaper it is for them to get 800+ million shares. This is what does not make any sense to me.

"Under the new growth plan, it is expected that the Company's new venture partners will be acquiring a very large position in Phoenix common stock of well over one billion shares. They have committed to over the counter purchases of approximately two thirds of the amount they require, with the balance to come from Phoenix as certain acquisition are made, contracts are granted, and sales and profit projection are achieved that are attributable to their efforts."