Replies to post #66577 on Phoenix Associates Land Syndicate (fka PBLSQ)

[chilar4567]

viki, and even when pbls wins, the series II
pfd will eat up all the proceeds. IMHO common shareholders are screwed. Courtesy of the swamp boys!

[Russian-Trader]

They are in the middle of determining how much at this time. There may never be another court case and there are no appeals left for the bank as the bank has already been ordered to pay by the Supreme Ct. It's just a matter of how much.

[Niko heil]

The way I understand it is the Supreme court of LA said no more appeals, either settle the damages between the bank and PBLS, or we take it before a jury to decide the damages. Bank's insurance company wants to settle ASAFP and does not want this going to a jury.

[roach4091]

only the shadow knows! sorry don't have any of this info!