Replies to post #51064 on Phoenix Associates Land Syndicate (fka PBLSQ)

[gunnar08034]

Ren, I realized that about the banks after I posted. They probably could get a loan on less than they have provided to date.

The thing that i was thinking about is the statement that would help a bank know that PBLS can pay its debt has not been provided. To date I have not seen a Cash Flow statement.

Based on the numbers we have seen so far, the divy's, acquisitions and new equipment PBLS's cash flow (IMO) could be weak to nil.

Why won't they report it?

TIA
jmho
gunnar