Replies to post #8187 on Phoenix Associates Land Syndicate (fka PBLSQ)

[kelly leak]

Mike..

I think you know of what you speak..

John Burge is who owned ProGas..

And look at this..

Charter/Organization ID: 35892579K

Name: MARDI GRAS PIPELINE, L.L.C.

Type Entity: Limited Liability Company

Status: Active

Annual Report Status: In Good Standing Add Certificate of Good Standing to Shopping Cart

Mailing Address: C/O JOHN BURGE, 226 E. GIBSON STREET, COVINGTON, LA 70433

Domicile Address: 226 E. GIBSON STREET, COVINGTON, LA 70433

Organized: 03/04/2005

Registered Agent (Appointed 3/04/2005): JOHN BURGE, 226 E. GIBSON STREET, COVINGTON, LA 70433

Manager: JOHN BURGE, 226 E. GIBSON STREET, COVINGTON, LA 70433

Member: JOHN BURGE, 226 E. GIBSON STREET, COVINGTON, LA 70433


Hmmmmm...interesting don't you think????

[partysasquatch]

Progas margin is dependent upon the price of the buy in contracts signed and the volatility of the spot market.

An easy way around that is to not sign extended contracts and charge a percentage for bringing the oil to market.

A contract can get you filthy rich or broke. Look at Enron's contracts. From Wall street darling to dog.

A 5% margin for bringing the oil to market is acceptable. Then the bottom line grows as the company adds more oil customers rather than trying to mess around with the volatility of the market.

Party

[fizzlegig]

Mike2112 - Not really hung up about the profit numbers. I totally understand that it is an great purchase for us and a piece of hopefully a huge puzzle for you, me and everyone else involved over several years (sooner the better). It is the manner that it was presented to us that causes the problem for me.

Perception is a piece of the puzzle for our PPS too. If investors do not feel that management is totally forthcoming, part of that will be reflected and those of us that looked beyond it will suffer. The more seemingly misleading information that is released, the longer we will have to suffer.

I am not going to lie. I want a big pop soon. I want to sell 20% or less to cover my position and not have to look at the PPS for years. The plain truth is that just like any other pink sheet, it is risky. We all know that, we all have gambled and lost in other places.

What I have learned in dabling below the high cap stocks is that you MUST adhear to your exit strategy. At least 50% of my investment losses could have been avoided if I had done just that. The other 50% is just poor DD on my part.

Ok, Ok....I did just lie. I do not know if it is a 50/50 ratio, but it was the point of it that mattered.


Regards,
Fizzlegig