Replies to post #63534 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Russian-Trader]

Potential debt and impact on share holders:


A. Preferred: 361,000,000 x $10 = $3.61B

B. Common sh: 361,000,000 x .003 = $1,083,000

Pretty obvious. I choose B.

If thier intent was to increase the common shares to raise more money they could have simply done it. Hello????