Replies to post #2432 on Phoenix Associates Land Syndicate (fka PBLSQ)

[zeptepi]

MWC.....PBLS does not need a "contract" with FEMA to be hugely successful. As has been discussed before, when you deal with the government you must wait much longer to get paid. Why screw up a healthy cash flow to wait 60 to 90 days to be paid?

All of the eventual winners of government contracts are going to wind up buying gravel from PBLS anyway. The difference is they will have to cost out their jobs to include paying upfront for the gravel.

As far as news goes......I would expect we have bought another construction company in the New Orleans area. I would hope that they only do insurance work, and avoid contract work at all costs.