Replies to post #72724 on Phoenix Associates Land Syndicate (fka PBLSQ)

[EDDIEHAZEL]

16 million in debt and judgements, 116 million in preferred shares, which can be somewhat easily have their issuance (the III's) reversed in a lawsuit, but exist as of now. After that, the comman shareholders get whatever is left.
I hear there is still a $2.00 bid on some series II preferreds.