Replies to post #3663 on Phoenix Associates Land Syndicate (fka PBLSQ)

[grizzy]

no it would not increase the value of the holdings, as long as the holdings were already at that value. Obviously reserves is a bad example, but the point is that if I had $720M to buy assets like oil reserves, then I would already be worth at least $720M, and my shares should reflect that net worth. Phoenix has $720M in assets via oil reserves. The stock should therefore be valued much higher than it is regardless of how it was mpurchased