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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » PBLS: pebbles or GOLD! (Page 1)

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Author Topic: PBLS: pebbles or GOLD!
lilpennypincher
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This one looks HOT, HOT, HOT! Waking up!

Phoenix Associates Releases Unaudited Balance Sheet for Year Ended December 31, 2004

COVINGTON, LA, Aug 03, 2005 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS) today announced that Dennis Kowalski of Kowalski & Associates has completed an initial review of the Company's Balance Sheet for the period ended December 31, 2004. This balance sheet, while unaudited, represents that the total stockholders equity (net worth) of Phoenix is about $39.7 million. Mr. Kowalski's firm has been contracted to audit 2003, 2004, and 2005 and will work in conjunction with the law firm of Dickinson/Wright to help make Phoenix a fully reporting company by mid to late 2006.
As indicated by Mr. Kowalski, this unaudited compilation consists of presenting, in the form of financial statements, information that is provided by and is the representation of management. He has not audited the accompanying financial statement and, accordingly he does not express an opinion or any other form of assurance regarding the statement. It is management's intent that a full audit be performed for the years ended December 31, 2003, December 31, 2004 and December 31, 2005. It is anticipated that the audits for the years 2003, 2004 and 2005 will begin in the fourth quarter of 2005. Management does not anticipate material changes as a result of the upcoming audit.

Mr. Kowalski indicated that management elected to omit at this time, with the exception of those listed below, all disclosures and accompanying footnotes, until such time as the audits are performed. As a result, the attached unaudited balance sheet for the year ended December 31, 2004 is not designed for those who are not informed about such matters.

* Land access: consists of a rights agreement initiated on August 29, 1997, including (5) five-year renewals into 2023.

* Depletable property: a percentage of proven mineral reserves totaling $266,000,000.

Paul Alonzo, CEO of Phoenix, stated, "I have made the decision to release this preliminary balance sheet information in the spirit of providing as much information to our investors as can reasonably be made available on a timely basis, as we prepare for the full audit of our financials, and work toward Phoenix becoming a fully reporting company. We are pleased that this preliminary information provides an indication to our shareholders that Phoenix has a net worth of about $39.7 million, based on what we believe to be conservative estimates of the full value of our mineral rights."


Phoenix Associates Land Syndicate
Consolidated Balance Sheet
(Unaudited)
As of December 31, 2004
Assets
Current Assets:
Cash and cash equivalents 60,676
Accounts receivable 83,000
Inventories 9,500,000
---------------------
Total current assets 9,643,676
Fixed assets:
Property, plant & equipment 1,918,300
Accumulated depreciation (455,490)
Land access * 850,000
Accumulated depreciation (238,000)
Depletable property * 26,000,000
Accumulated depletion (6,240,000)
Leasehold improvements 18,527,500
Accumulated depreciation (4,323,083)
---------------------
Total fixed assets 36,039,227
Other assets:
Prepaid expenses 0
---------------------
Total other assets 0
Total assets 45,682,903
=====================
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable 6,382
Current portion of long term debt 0
Other current liabilities 741,467
Other accrued expenses 7,425
---------------------
Total current liabilities 755,274
Non-current liabilities
Note payable - stockholder 378,176
Interest payable 30,765
Other non-current liabilities 4,859,382
---------------------
Total non-current liabilities 5,268,323
Stockholders' equity
Preferred stock - affiliates 5,045,000
Common stock, .01 par value, 214,402,969
shares issued at December 31, 2004 2,144,030
Paid - in - capital 33,327,719
Retained earnings (857,443)
---------------------
Total stockholders' equity 39,659,306
Total liabilities and
stockholders' equity 45,682,903
=====================


PBLS -- Phoenix Associates Land Syndicate
Com ($0.001)

Address:
P.O. Box 1358
Covington, LA 70458-1358
USA


Website: http://www.pbls.biz
Phone: 985-863-0801


Business Description: Not Available

State of Incorporation: NV


Officers:
Paul Alonzo, CEO

Outstanding Shares: 82,666,637 as of 2002-09-04

Estimated Market Cap: Not Available


COMPANY INTRODUCTION

Phoenix Associate Land Syndicate, Inc. is a holding company with assets in sand & gravel, soil products, land development, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries. Its stock is traded publicly on the Pink Sheets Bulletin Board under the symbol: PBLS.

Current Operating Business Units are:

Mining Division
Murphy Sand & Gravel
D.B.I.


Construction Division
Heaslip Construction
Ann Arbor Pools
Great Lakes Pool Plastering
California Plumbing

Trucking Division
Bayou State Trucking

Acquisitions/Business Development
Brazilian Land Sale
Indigo (Lazy Day Market and Mud Room)
Log Home Manufacturing


The Phoenix corporate core philosophy is to acquire companies that:
Have unrealized profit potential and are willing and eager to work within the Phoenix "family" to improve their company's performance.

Are motivated and need business guidance and/or financial assistance in order to succeed.

Have owners that wish to divest of a company for retirement and/or other personal issues.

To properly develop and consistently grow as a holding company, other companies such as those described will be added through continued acquisition. This effort will result in an increase in positive cash flow by tapping the sales potential inherent in the newly acquired companies and their assets. As PBLS moves its growth strategy forward, its gross revenue, earnings per share (EPS) and shareholder value will be driven markedly higher, increasing shareholder value.

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

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

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

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lilpennypincher
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At it's 10 day volume already!!! Go baby.....Gonna' eat up the .004's like CAKE!

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

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

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

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FatherOfTwo
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Man what a day... I also grabbed a couple hundred K shares here...

Anyone read the last PR this morning?

Phoenix Associates Releases Unaudited Balance Sheet for Year Ended December 31, 2004

A clip for the PR:

Stockholders' equity
Preferred stock - affiliates 5,045,000
Common stock, .01 par value, 214,402,969
shares issued at December 31, 2004 2,144,030
Paid - in - capital 33,327,719
Retained earnings (857,443)
---------------------
Total stockholders' equity 39,659,306


Do the math.....

39.7 Mill divided by 214 mill..... equals .185 pps

--------------------
A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)

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Clyde_Crashcup
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I'm going in for 400,000
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Clyde_Crashcup
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Got filled. Good call Lil
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Albireo
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This could definitely take off today IMO with that news. Great find lil!
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dilemma25
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what's the bid and ask...don't have microcap
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lilpennypincher
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.0045 went the ASK

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

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

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

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FatherOfTwo
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Nice move on up! In the green already!

--------------------
A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)

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mydogsky
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Clyde you fill at .004?
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Clyde_Crashcup
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quote:
Originally posted by mydogsky:
Clyde you fill at .004?

.0039 (partial fills)
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mydogsky
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jesus thing jumped to fast for me
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mydogsky
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can anyone tell me the spread...at work can't get level 2's
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lilpennypincher
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quote:
Originally posted by dilemma25:
what's the bid and ask...don't have microcap

.0041
.0045

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

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

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

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futurama08
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Etrde wouldn't fill anything at 0.004 so now I had to get in at 0.0045. Let's see what happens
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Clyde_Crashcup
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It's rockin'
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lilpennypincher
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ASK just went to .005!!!!!! GO BABY!!!

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

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

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

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maumee river rat
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whats the target Lil????
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mydogsky
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dammit...and i thought i got in early this time, couldn't fill worth a crap! good luck guys!
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lilpennypincher
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I'm looking for .0065 For my sell EASY!!!
UP 35% NOW!!!

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

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

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

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lilpennypincher
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First day of BUYING with this beautiful candle....Gonna' ROCK easy today and tomorrow!

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

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

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

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Albireo
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Things are lookin' great. Keep in mind that the all-time record daily volume is around 19 million. We're already at 6 million volume and it's still the morning!
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lilpennypincher
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SUPER!!!! MOVING NICE!

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

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

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

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FatherOfTwo
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MM's are keeping the spread apart to slow it down...

They are matching buys to sells.. meaning they don't have extra shares to give away!

Once they tighten up the spread, it will go!

--------------------
A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)

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lilpennypincher
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Yes.....it will. Father..LOL
I'm going to take my little one to the pond and feed the ducks.....LOOKING FORWARD TO THE .006's!

They're coming....Get it at the bottom!

GO BABY!

--------------------
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
FatherOfTwo
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quote:
Originally posted by FatherOfTwo:

Phoenix Associates Releases Unaudited Balance Sheet for Year Ended December 31, 2004

A clip from the PR:

Stockholders' equity
Preferred stock - affiliates 5,045,000
Common stock, .01 par value, 214,402,969
shares issued at December 31, 2004 2,144,030
Paid - in - capital 33,327,719
Retained earnings (857,443)
---------------------
Total stockholders' equity 39,659,306


Do the math.....

39.7 Mill divided by 214 mill..... equals .185 pps

I went back and re-read the PR...I can not believe I am reading this!

Hell... we could buy the entire float for around 1 million at the current pps and yet it is worth $39.7 million!

This one is a no-brainer!

--------------------
A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)

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FatherOfTwo
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http://tinyurl.com/95rvq

Chart is looking really good....

MACD crossed and is heading back up!
Stochs crossed and diverging positive
Willimas %R crossed out of oversold and passed the 50 mark
Wilders DMI crossed (Green on top of Red)
.005 is the 20dma (resistance), so if it breaks that, it should soar!

--------------------
A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)

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Albireo
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Thoughts about tomorrow/rest of the week with this one? I thought there'd be more volume today, but it dried up in the afternoon.
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lilpennypincher
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It did quite well.....The volume was good (More than 4 times its 10 day) and the pps moved nicely...can't make 25% in the bank with your money in one day!

Should be a good week for this one.....Great news. Not bad for a stock that has never even had a thread on here.
It's getting the attention it deserves.

Good luck all.

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Albireo
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What do you guys make of this news and how do you think it will affect this stock in the short-term?


Phoenix Announces a Stock Buy Back

COVINGTON, LA, Aug 04, 2005 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS) today announced that it has set aside certain funds to re-purchase and place into its treasury an unlimited number of stock certificates that are either currently free trading and/or restricted. This stock buy-back is the first of many as planned by the Phoenix Board of Directors. Phoenix hereby offers to purchase your shares based on the following:


1. PBLS will pay $.004 per share for your stock.
2. Send your stock certificate via certified - return receipt requested
mail to:
P.O.Box 1358
Covington, Louisiana 70434-1358
3. With your certificate send a letter, in your own words, stating that
you are selling the stock back to Phoenix for $0.004 per share and
that you request your payment on same within thirty (30) days.
4. Sign the back of your certificate as the seller along with your
letter.
5. Phoenix will handle the ensuing paperwork and pay you for your stock
within thirty (30) days of the receipt of your letter and your
signed certificate.

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.


For More Information Contact:
Ron Blackburn
(985) 845-4627
Contact via http://www.marketwire.com/mw/emailprcntct?id=E7347B73046F05E8

Mike Mulshine
Osprey Partners
(732) 292-0982
Contact via http://www.marketwire.com/mw/emailprcntct?id=16321CC931FD737E

SOURCE: Phoenix Associates Land Syndicate

[ August 04, 2005, 08:22: Message edited by: Albireo ]

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Albireo
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Some buys at .005 so far this morning. I guess the news has created a "bottom" for this stock at .004, so there is less risk for investors. Any thoughts?
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Jerm
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Wish I knew... but there sure is a lot of activity at .005! Any ideas folks?
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Albireo
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Up to .0051!
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futurama08
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LOL What if you bought the stock at 0.0045?
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futurama08
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Anyone have L2's to post?
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