PBLS -- Phoenix Associates Land Syndicate Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Phoenix Announces Plans to Accelerate the Process of Becoming a Fully Reporting Company
COVINGTON, LA, Aug 08, 2005 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (OTC: PBLS), a holding company with assets in sand & gravel, soil products, land development, trucking, contract hauling, construction, swimming pool construction and construction related industries, today announced it plans to accelerate the move to become a fully reporting company. Mr. Alonzo, President and CEO of Phoenix Associates Land Syndicate, announced that the Board of Directors made the decision to accelerate this process in an attempt to increase the price of our stock for our shareholders of the company. Our accountants and legal team will proceed with all possible haste to make our fully reporting status become a reality in the shortest amount of time.
For more information about Phoenix, go to the Company's website at: http://www.pbls.biz
Forward-Looking Statements
This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
SUBJECT CODE: Real Estate and Construction:Construction
And Albireo brings up some great stuff...
(Thx to FatherofTwo for the following math: 39.7 Mill stockholder equity divided by 214 mill outstanding shares ..... equals .185 pps, yes that's a 3,458% gain or a 35-bagger!)
O/S (as listed in the PR dated 08/03/05): 214,402,969 common stock + 5,045,000 preferred stock = 219,447,969.
The company released the following news:
1) Unaudited financials last week that values their stock (conservatively) at .185 per share (see FatherofTwo's post at beginning of this thread). Note: based on the current stock price, if this pps occurred it would result in a 35-bagger (3400% gain).
2) Unlimited Company Buy-back of shares @ .0040, thus providing a "floor" for the pps of the stock to prevent further MM decline manipulation. I find this solution to MM manipulation extremely effective and creative and applaud PBLS for their ingenuity.
***** Furthermore, "This stock buy-back is the first of many as planned by the Phoenix Board of Directors." ***** This is incredible!
3) Plans to complete the transition to the OTCBB "with haste." Original plan was to become fully-reporting by mid to late 2006, but this was before the PR today announcing the acceleration of this schedule. Stay tuned to find out the updated schedule for this transition. I anticipate (based on today's news) that it might hit the OTCBB by early 2006.
Another interesting tid-bit of information from a recent PR:
* Depletable property: a percentage of proven mineral reserves totaling $266,000,000. If you were to use this value instead and divide it by the O/S, you would come up with a pps of $1.21 (over 24000% from where it is now!). While this may not be a plausible figure in the near-term, it shows you what kind of potential PBLS has in the future.
Now, if you're not the "long-term holding" type, just take a look at the chart and I think you'll realize that a run is imminent based on the last few months and the fact that there is now a floor at a pps of .004 (which is really a special aspect of this stock right now).
So, do your DD and decide for yourself. I expect more great news from PBLS very soon, and this may very well be the last remaining days to enter in at this bargain price range IMO.
(Note: PRs are almost always released between 7:00 and 7:03 AM Eastern Time with this company via Marketwire.)
Currently the L2s say .004 x .0041, which makes this a NO-RISK investment at this price because the company announced this morning that it would BUY-BACK an unlimited amount of shares at .0041.
How many stocks out there come with a guarantee for you to be able to get out at where you entered? This is the only one I can think of. It's almost like a savings account with the likelihood of a huge interest rate. Judging from the chart, this should easily run to a penny or two with moderate buying pressure. It's only a matter of time.
THANKS Alberio!
The run last week went nearly 100% in 2 days...
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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I'm still in it. puzzles me that we are below 004 if they are going to buy back at .0041. I'm just waiting to see what happens. Hope to have news soon.
-------------------- It's only money..We'll make more tomorrow!
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