Replies to post #70131 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Legato]

yes, it recently bought shares. Hope that is a good sign. If PBLS is in such bad shape. Why would they purchase shares?
To show that they have confidence in the court cases? Fool people to buy more stock of pbls? Any reasons? imo glta

[sawdin]

My understanding is that they have purchased some shares recently (around 100M). It is also my understanding that they would like to purchase a lot more when, or if, funds become available. However, time will tell; many other plans have failed to reach fruition. Also, repurchased shares should be retired and the AS adjusted accordingly.

I'm not trying to bash management. But given the past history, the market views PBLS very skeptically. That's why there was no movement when the KOMEX PR's occurred. Maybe with another company (one with a different history regarding transparency), there would have been a run before the truth came out. With PBLS, there wasn't even a run.

I'd love for PBLS to have a run AND also do what is necessary to gain the market's trust in the long-run: transparency and verifiable actions and results.

GLTA