Replies to post #76349 on Phoenix Associates Land Syndicate (fka PBLSQ)

[GREENGOLDRUSH]

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[EDDIEHAZEL]

pbls would first have to be released from BK, and that is NOT happening for a long time, since it appears that PBLS ran as a fraudlulent, if not criminal organization.. If minnie mouse gets the shell, and does a RM before the company is released from BK, the new PBLS will inherit all of PBLS's liabilities.
Interestingly enough, the new company, IF the preferred shares are not cancelled by the BK court (and only the BK court can do that) the new comapny will owe millions in principal and interest to people on this very board..

In my opinion of course,