Allstocks.com's Bulletin Board Post New Topic  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » DayTrading, Momentum, News and More » PBLS broke resistance

 - UBBFriend: Email this page to someone!    
Author Topic: PBLS broke resistance
lilpennypincher
Member


Member Rated:
4
Icon 1 posted      Profile for lilpennypincher         Edit/Delete Post   Reply With Quote 
Broke .024 with little buys...

Eye it!

--------------------
Lil,

Dont LOSE more than you can afford to invest....LOL

I'm buying low and selling into the run...

Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
WarpedMind
Member


Member Rated:
4
Icon 1 posted      Profile for WarpedMind     Send New Private Message       Edit/Delete Post   Reply With Quote 
A nice solid break, at that... I saw it hit .0245. It's back down right now though... so we'll see.

--------------------
Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.

SEIZE THE WEB! - CarpeEM.com
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/14/t/001456.html

Posts: 1711 | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
lilpennypincher
Member


Member Rated:
4
Icon 1 posted      Profile for lilpennypincher         Edit/Delete Post   Reply With Quote 
Wednesday, January 04, 2006 12:58 ET

Jan 04, 2006 (M2 PRESSWIRE via COMTEX) -- Market Gainer strives to find dynamic issues that are unknown but because of their technology, approach, executive team, recent discoveries or other key factors, could advance in the market. Now available, Market Gainer's very own in-site blog, see below for details. Market Gainer has identified the following company based on these criteria.

Phoenix Associates Land Syndicate (OTCPK:PBLS), through its wholly owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. Current company assets include oil leasehold and drilling operations, sand and gravel quarry and mining operations, a contract hauling trucking fleet, diversified construction operations and land-development leaseholds.

Phoenix Associates is making moves in the market today up almost 9 percent with over 1.6 million shares traded this morning. The share price is currently positioned at $.025 which is an increase of $.002 in the early morning market session. Looking back at the last five days in the pink sheet market for Phoenix Associates, the facts show that there has been some consistent upward movement in share price. On December 28, 2005, the share price was hovering just above $.015. The share price has inched forward everyday since December 28th. In trading yesterday, the value of shares closed at $.023. The recent popularity of the stock amongst investors could be due to news that was released this morning by the Company.

Phoenix Associates Land Syndicate announced today that it has favorably settled a longstanding promissory note dispute that has been carried on Phoenix books as a disputed contingent liability for years. The settled notes were related to capital raised, in a partial funding, in the late 1990s for the purpose of developing its Murphy Sand & Gravel operations. According to the terms of the settlement agreement, Phoenix has paid Capital Growth Resources and Capital Growth Protection, Inc. a total of approximately $557,000 in cash and approximately 11,824,000 shares of Restricted Common stock to settle disputed claims on $2,350,000 (approximately $8,000,000 total savings with estimated interest) of outstanding promissory notes issued in connection with the aforementioned raised capital.

In commenting on the settlement, Paul Alonzo, CEO of Phoenix Associates Land Syndicate, stated, "We are delighted to have reached an agreement to remove a significant although disputed contingent liability from the Company's books. While the Company disputed the validity of these promissory notes for a number of years, we acted quickly when presented with the opportunity to bring closure to the issue. The settlement terms will help the company and its shareholders realize a net savings benefit of an estimated $8,000,000 plus over the face value of the notes."

Mr. Alonzo continued, "We continue to address potential business and operational hurdles like this while focusing on building our core businesses, both organically and through acquisitions, in order to build Phoenix into a world-class enterprise the shareholders can be proud of."

The final resolution of the issue regarding the disputed promissory notes can now free up the Company to move full steam ahead with its growth opportunities without the lingering concerns of the contingent liability being a thorn in the Company's shoe. Market Gainer will continue to follow the developments of Phoenix Associates over the next 90 days as it pushes forward in building its core businesses. Today's news may attract future investment to the Company in the coming months.

To view other Market Gainer reports in this sector and other sectors, please visit www.**************** for a complimentary subscription to the newest and most exciting online financial newsletter on the market. This article is available for viewing in the Featured Articles section of our website. No Credit Card information needed.

New to the Market Gainer's website is our very own in-site blog, offering our subscribers the opportunity to communicate with fellow investors without all the spam found in other investment blogs. Click on talking stocks after you subscribe to join, and enhance your investment knowledge and community.

The Financial Information and Financial Content provided by **************** is for informational purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or endorsement, recommendations, or sponsorship of any company or security by ****************. You acknowledge and agree that any request for information is unsolicited and shall neither constitute nor be construed as investment advice by **************** to you. It is strongly recommended that you seek outside advice from a qualified securities professional prior to making any securities investment. **************** does not provide or guarantee any legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or informational source.

All material herein was prepared by based upon information believed to be reliable. The information contained herein is not guaranteed by Market Gainer to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Market Gainer is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.

(C)1994-2006 M2 COMMUNICATIONS LTD

--------------------
Lil,

Dont LOSE more than you can afford to invest....LOL

I'm buying low and selling into the run...

Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
pennnies
Member


Rate Member
Icon 1 posted      Profile for pennnies         Edit/Delete Post   Reply With Quote 
Press Release Source: Phoenix & Associates Land Syndicate


Phoenix Announces Vice President of Operations
Thursday January 5, 2:15 pm ET


COVINGTON, LA--(MARKET WIRE)--Jan 5, 2006 -- Phoenix & Associates Land Syndicate (Other OTC:PBLS.PK - News) is pleased to announce the appointment of DENNIS J KOWALSKI to the position of VICE PRESIDENT - OPERATIONS, effective January 1st 2006; Mr. Kowalski will be responsible for the day to day affairs of all operating decisions within the Phoenix organization, including financial matters. Mr. Kowalski will report directly to Mr. Paul Alonzo, CEO.
Mr. Kowalski has provided consulting services to the Phoenix companies in the past.

Also, the independent CPA firm of Mira & Kolena, Ltd has been retained to partner with Phoenix in completing the audit of consolidated financial statements. The Mira firm will also provide full audit and tax services in conjunction with Phoenix's efforts to move to full reporting status with the SEC.


Contact:
Contact:
Michael A. Muashine
Osprey Partners
732-233-3853



--------------------------------------------------------------------------------
Source: Phoenix & Associates Land Syndicate

Posts: 1313 | From: Florida | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
lilpennypincher
Member


Member Rated:
4
Icon 1 posted      Profile for lilpennypincher         Edit/Delete Post   Reply With Quote 
closed up another 23% again!

--------------------
Lil,

Dont LOSE more than you can afford to invest....LOL

I'm buying low and selling into the run...

Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2019 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share