Replies to post #51157 on Phoenix Associates Land Syndicate (fka PBLSQ)

[bulldreamer]

Jambambo, It would be nice to see
their CF statement, but at this stage I AM NOT INTERESTED at big numbers like millions, or billion dollars statement. Show me a little 2000 dollars dividend check supposed to be in the mail at end of July. (what is it today anyway?)
It's a FACT! The check is not here yet! PBLS promised and CAN'T Delivered! Period!
On the positive note. I still think it's in their best interest to:
-Discourage preferred, encourage low PPS, sell off so new partners can pick up dead bodies on the street.
-Once partners gobble enough shares at low price, they will let it goes.
-There is no excuse for late divy and not returning investor phone calls. I will advise PBLS an opportunity to restore investor trust. " Due to a new conversion of 8 cents(125 commons)instead of 6cents(167 commons). We have to reissue preferred certificates to all previous preferred II, to new offer of 8cents and will send out divies right after conversion, schedule to send out by end of August...."
Do I hear any "Amen" for that. LOL
Bull,

[sawdin]

When and why were you privy to such information? Were you involved in the 'condo' deal? Also, do you know that lack of cash is not the reason for the delayed disbursement of divy checks? If cash is not a problem, do you know what is? As they knew well in advance that dividend checks were supposed to be sent out quarterly, one would assume that procedures would have been put in place to successfully complete that task. Is that assumption incorrect?

TIA

[chilar4567]

Jambam, is your knowledge of the company specific to one area (division) or is it general (the whole ball of wax)???TIA