Replies to post #6216 on Phoenix Associates Land Syndicate (fka PBLSQ)

[DFYSW]

neighbordave, how much is it costing PBLS to make those revenues? Do you actually know that they have enough left over (profit) to afford the new office and the new leases, not to mention maintaining a positive bottom line for shareholders? Especially where the leases are concerned, don't you think that statements such as "total unrealized value of the Company's total estimated oil reserves now exceeds $3.5 Billion USD" are a bit misleading in light of the high costs and no guarantees involved in tapping these ESTIMATED reserves?

Of course I am greatly encouraged that yesterday's announced deal is an all-cash transaction. But I still wonder whether management is an easy mark for oil patch veterans or smarter than everyone else in a red-hot area where they have no prior experience.

[pokerdv8]

Ya are we forgetting the 9 mil from the existing producing wells??
Are we forgetting the 10 mil income from the sand and gravel pit?
Are we forgetting the income from the construction Co.?
The pool Co. ??
Have we lost our way so easily?
This reminds me of Moses, after G-D freed the Jews from Egypt with a gaggle of plagues and then a tower of fire to block the Pharoah's minions, then to top it all off he parted the sea to let them pass and drowned the Egyptian army, It only took 40 days for them to become completely disallusioned.
Then they started worshiping the golden calf. Completely forgetting everything that was done for them by Moses's and their G-D.
How quickly we forget..
GO PBLS!!