Replies to post #7852 on Phoenix Associates Land Syndicate (fka PBLSQ)

[partysasquatch]

I did not margin PBLS, it looked liked a failure to deliver.

Yeah, I have told the company.

The best explaination that I received from Etrade was that a system outside their's put a value on my shares that was less than the current price. The difference became the margin call. The call was for over 100k most of the time. The SEC opened a file on October 5th and the NASD open a case on November 17th. They let Etrade go on the premise that it was a "computer error". The call just returned when I sent my last 3 million to be cert-ed last week. My belief is that I have not had any real shares. I have called the NASD and they want to open a new case. The SEC specialist will be back in the office today. I will talk to her later.

If you think that we are not massively shorted, the evidence speaks to the contrary.

Party

[bob2feathers]

grizzy;I also have an account with E-Trade with 320000 shares of PBLS.When buying these shares,I tried to buy more on margin,but E-trade would not let me.Also kelly leak's posts and yours have made me less nervious holding them. GLTY