Replies to post #50289 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

Just got back in town and to a computer...lot's of deletions I see. I'm gone for basically a day and the kids wreck the house or something?

Anyway, the 50M shares were there one day but not the day before. I don't know how the TA updates the O/S but I assume that it's daily. If that is the case, there is no way they dumped them on the open market as we didn't see enough volume.

Besides, I stand by one of the last posts I worte. If they have increased the O/S 3x but have seen EBITDA up 7x, that is a good exchange in my opinion.

[Whirligig]

It could be that a new contract was granted or projections were achieved to stimulate the appearance of the 50 million shares.


"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."

[sawdin]

The only reason to have the 'new partners' buy shares on the open market is to have them drive the share price up. Otherwise, you just directly give them the certs. Thus, if you believe what the company PR'ed, the new partners will drive the share price up. Thus, I totally agree with the main thrust of your post. JMHO