Been a slow day today til just recent, some huge buys at .024....
Here is an email from Mike Mulshine to another investor.. ENJOY!!!
Posted by: texas ted In reply to: mickvonmerk who wrote msg# 13776 Date:4/4/2006 2:16:01 PM Post #of 13777
my email to Mike Mulshine and his answers...
"xxxx,
I appreciate you interest in PBLS. I too am a shareholder of the Company and consider it to be a long-term investment situation.
I will try to answer some of your questions... but some of the answers are not available yet.
1) Shares: The best number I have now, prior to the Form 10 being filed, is about 650 million shs issued with about 350 million in the public float. The detailed structure of the preferred stock is not available yet. A complete detailed description of the capitalization structure will be included in the Form 10m when filed.
2) TA will be ungagged when the Form 10 is filed as I understand it.
3) Share buy-back is in progress. Details are not announced, and normally such details are not announced by companies until the effort is either completed or abandoned for some reason. I'm sure such details will be in the From 10.
4) Reporting: Your rumors are pretty much on target. As soon as the auditors and SEC counsel give PBLS a reasonably solid filed date, it will be announced.
5) I don't have an announceable update on Kentucky drilling status or operations, and can't make such data public until it is formally included in a News Release...
6) FEMA: PBLS does not have any direct contracts with FEMA to be best of my knowledge... but, it has been confirmed by a number of folks, which the Company has confirmed, that there are contractors that buy sand & gravel from PBLS that is then delivered and used in the levee rebuilding and on other NO projects.
7) Murphy contractors: This is info that has not been announced since the News Release of Feb 7th spoke of United Soils as a contractor. Others will be announced when contracted. I can not announce Murphy Sand & Gravel projected 2006 revs without doing so as a formal News Release.
8) News Website: My latest input is the new website will take about 60 days to finalize.
Mike Mulshine Osprey Partners
Hello Mike,
.... I have several questions regarding my investment:
1) - How many shares are currently issued and outstanding, how many of those are restricted (restricted for how long?), and how many preferred shares (class a and b) have been issued, and what's the ratio preferred can be converted into common?
2) - When will the transfer agent be ungagged? Gagging the transfer agent created tremendous uncertainty among investors.
3) - How is the share-buy-back program progressing? Has it been completed, yet? How many shares have been bought back?
4) - What's the status of making PBLS a fully reporting company? I heard of rumors saying that the audits will be done by the end of April and that a form 10 could be expected to be filed by the end of May???
5) - How is drilling going in Kentucky? How many wells are currently producing (update on production numbers)?
6) - Has PBLS been awarded contracts from FEMA regarding the rebuilding of New Orleans?
7) - How many contractors are currently working on the Murphy pit? What revenues are expected from Murphy for 2006?
8) - Is there a time frame for about when the new website will go online?
Thank you for taking your time to answer my questions.
Kind regards
xxx" __________________ Your money is where your passion is....
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
It's been a long time since I have posted anything about this stock,almost since the purge of our board. I am long on this stock just like NDOL which has paid off for me well now after many long months. I really think we are about 60 days from furiitation with this stock. I have done a bunch od dd on the last thread and I am not going to do a lot more or repost. I hope since I have brought Mike Mulshines last e mail to a stock holder up and anyone else has anything else to ad they can do so> myself if people start to post again will drop in as much as I can personal issues will keep me pretty busy for the rest of the year. Good luck to all I am IMHO think that we are close at this point
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
Phoenix Associates Completes Stock Repurchase and Announces Continuation of Repurchase Program Wednesday April 26, 9:30 am ET
MADISONVILLE, LA--(MARKET WIRE)--Apr 26, 2006 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) announced today that it has completed the stock repurchase program announced last November 9th with the buy back of more than 110 million shares of its common stock. The board of directors of Phoenix and its advisors have agreed to continue the stock repurchase program for an unlimited number of shares of Phoenix common stock. The Company believes that at current levels, the stock of Phoenix remains strongly undervalued and does not give any meaningful impact to the strategic acquisitions of compatible companies over the past twenty months.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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