Replies to post #73984 on Phoenix Associates Land Syndicate (fka PBLSQ)

[jimmyv]

I have some thoughts on Tri-Koon dissolving. TK owned the vast majority of stock in TECO. RB was the owner of TK. He was selling shares of TECO out the back door of Tri Koon to other unsuspecting investors who bought him out of TECO at a "discounted rate" so he picked up another couple mil via unsuspecting investors who figured they were getting TECO and whatever else he was peddling. RB had a lien on his stock in TECO to prevent him from selling it as part of a stipulated judgment, but he could probably utilize TK to accomplish the same results and so that's what he did. Once the stock was gone, dissolve TK so there's nothing that can be done with or against that company (which also had PA and CA's name on it although RB owned the vast majority). IMHO of course.