Replies to post #8185 on Phoenix Associates Land Syndicate (fka PBLSQ)

[quiet]

A/S you mean?

--q


edited: disregard... tis fixed! thanks fiz! 8)

[Mike2112]

Regarding Progas..imo Don't get hung up on the profit. It was a private corp and I think they did not want to show too much profit. I would be interested to know what their salaries, bonuses, etc. were while private. I would not be surprised if going foward we get 2-3% margins on revs. Also rumored (I say rumored because they haven't PR'd it) is that Progas signed two more clients adding almost 120m in revenue to the existng $190m. Also they will be invaluable working in concert with our oil and gas acquisitions going forward. That is where the real value of Progas is. Not the profit....though that is a nice added bonus.
They are just another piece of the puzzle...