Replies to post #67002 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Rally Cry]

I agree tt. I might add that a new law which just recently went into effect, makes it illegal for anyone buying shares out the back door to turn around and sell them. They can only buy restricted shares, which cannot be resold for either 6 months or a year (I've forgotten which). This makes it harder to find a buyer, especially if it appears the company might not have a bright future.

[viki]

taken from the Chairman's letter

'In 1998 the Phoenix Board of Directors authorized four billion shares of stock (3.5 Billion Common - 500 Million Preferred) to begin the growth and expansion of Phoenix'

has this ever been changed to only 2.875b shares???

[chilar4567]

TT, subtract the difference and then multiply by .001.
LOL
or, out the back door, as per custom, discount that by whatever %tage you feel is appropriate.