posted
Phoenix Receives Increase in KOMEX Contract Tuesday August 7, 6:00 am ET
KOMEX Export-Import Contracts Increased From 30 Million Metric Tons of Blended Aggregate Products to 150 Million Metric Tons Over Five Years
MADISONVILLE, LA--(MARKET WIRE)--Aug 7, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) today announced that its current total capacity to produce blended aggregate products has been purchased by KOMEX Export-Import. ADVERTISEMENT
Paul Alonzo, President and CEO of Phoenix, stated, "Phoenix currently has the ability to increase its production capacity to 2.5 million metric tons per month of blended aggregate products. After our last news release this past Friday on the 30 million metric ton order over five years, Mike O'Riley and Vince Promuto have agreed to honor KOMEX's request to purchase our entire production for five years, with a five year extension if desired."
Mr. Alonzo added, "This additional contract from KOMEX brings our committed orders to 150 million metric tons over five years or 2.5 million metric tons per month for 60 months. The total value of this five-year agreement as structured is $6.6 billion or $110 million per month."
The Company indicated that production will be ramped up during the balance of 2007 with full production by January 2008. Additional equipment is being purchased for crushing, excavating, and blending the blended aggregate products so as to meet production schedules.
Phoenix will be releasing equipment purchases, other acquisitions currently underway to increase current capacity, and also required transportation acquisitions to properly move the massive amounts of product to ports for export.
Phoenix will continue to keep its valued shareholders informed as further information comes available.
** This IMPORTANT News from Phoenix was first distributed on Aug 6th .
About Phoenix Associates
Posts: 459 | Registered: Mar 2006
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posted
I think the point is that if that pr turns out to be true this stock is EASILY worth 10+ cents.
PBLS has certainly lost a lot of investor trust over the years, but they recently un-gagged the TA and started reporting numbers to pinksheets.
So they have a new partner buying 1B shares and a contract estimated at 6.6B over 5 years. I'd say the point is once this is proven true PBLS will make a hard move north.
Posts: 1443 | Registered: Apr 2006
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posted
My point gnulnx is that there is a thread here with this info on it already along with a ton of other dd for folks to read so why start another one. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
you realize that when this "news" came out the stock price went DOWN!, why? well it may have something to do with the fact that the companies own web site says they have estimated reserves of 263? million dollars of aggregate on thier property, now they have a contract for 6.6 BILLION??, the web site also shows picture of thier small looking operation? and what about the fact that this order is supposed to go to poland??? i mean what, they dont crush stone in poland?? and how does a small company like this propose to ship 2.5 MILLION metric TONS per month to poland?? this will need to be trucked to port, loaded on to transport ships and sent accross the atlanic ocean to poland all for 44 dollars a metric ton??? useing 40 ton trucks ( the maximum allowed by law on highways ) it would take 62,500 loads a month just to get it to port!! ( or from port when it gets to poland ) even if they use barges to transport it to the docks it would still take several THOUSAND loads a month to get it to port, and how many LARGE cargo ships will be needed to make the round trip each month??? anybody else think this sounds too good??????
Posts: 2503 | From: connecticut | Registered: Mar 2005
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The only reason why is that most of that DD is old news. PBLS is a very very different company than it was when that thread was originally started.
BTW I'm content to just use the old thread. I think most of the PBLS "investors" use ihub for information anyway.
Posts: 1443 | Registered: Apr 2006
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What if NONE of the material for that contract was coming from the Murphy pit?
Also aggregate material is shipped all the time. China is a huge concrete importer.
Hey I've been the biggest pumper and the biggest basher on this company. I've also had money it it for 1.5 years now. I have done more DD on this one company than probably all other investments I've ever had.
Right now today I'm going to state flat out that anyone holding this will be rewarded. I don't care what others say. I don't care about my credibility on this board or any other for that matter. I know what I know.
Don't get me wrong I've been pissed off about some things that have transpired, but that's because us shareholders don't always have the full picture. You don't have to believe me, and you probably won't...and that's fine. There is no reason to believe a rambling investor on a message board.
I however do believe...big time. I was dead wrong about my assumptions with regards to management stealing this company...for from it actually.
posted
Eveyone here likes to post the news straight in...so I'm just reposting what Rebel Yell posted. As of right now this is a 500% gain. It hit the news wires all the way in India last night.
Press Release Source: Phoenix Associates Land Syndicate
Phoenix Associates Raises Offer and Extends the Voting Preferred Stock Participation Program Thursday August 9, 4:03 pm ET
Effective August 10, 2007 Conversion Price on Common Stock Raised to $0.08 and Extension of Deadline to November 30, 2007 for Shareholders to Convert Common Stock Into Voting Preferred Stock; Until Today Conversion Price Was Set at $0.06 and Program Was Set to Expire on October 31, 2007
MADISONVILLE, LA--(MARKET WIRE)--Aug 9, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) announced that effective today the Company is terminating the "Voting Preferred Stock Participation Program" that provided for conversion to voting preferred stock based on the common stock being valued at $0.06 per share, and effective tomorrow, August 10, 2007, all common stock received by the Company for conversion will be valued at $0.08 per share. The deadline for conversion under this program is extended to November 30, 2007, from the prior deadline of October 31, 2007.
ADVERTISEMENT
It was back on February 15, 2007 that Phoenix first announced that it would be converting 62.5 million of its authorized shares of preferred stock, $10 par value, to "voting" preferred stock, $10 par value, so as to make voting preferred shares available for this program. The new voting preferred stock, which is now transferable and assignable, will pay an annual dividend of 6% which will be paid quarterly. Phoenix will redeem the preferred stock within five years from the date of issuance.
Phoenix shareholders are hereby notified that effective August 10, 2007 all shares of common stock received by the Company under this conversion program will have a value of $0.08 placed on each share submitted for conversion by the extended date of November 30, 2007. Thus, for each 125 shares common stock submitted for conversion the shareholders will receive one share of $10 par value voting preferred stock. Each voting preferred share will have 125 votes. Holders of the voting preferred stock will receive an annual 6% cash dividend (paid quarterly) and the voting preferred shares will be redeemed within five years.
Any shareholder that wishes to participate in this common to preferred stock conversion program please:
1. Send your common stock certificate via "Certified - Return Receipt Requested" mail to:
Phoenix Associates Land Syndicate P.O. Box 1358 Covington, LA 70434-1358
2. With your certificate send a letter in your own words, stating that you wish to trade these shares of common stock for the Phoenix voting preferred stock conversion offer at $0.08 per share and that you request your voting preferred stock be sent within thirty (30) days.
3. Sign the back of your certificate as the seller and send along with your letter.
4. Phoenix will handle the ensuing paperwork and will send your voting preferred stock within thirty (30) days of the receipt of your letter and your signed certificate.
About Phoenix Associates
Phoenix Associates Land Syndicate is a holding company with assets in aviation, sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries.
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.
Contact:
For More Information Contact: Mike Mulshine Osprey Partners (732) 292-0982 osprey57*optonline.net
posted
lets see, if i buy 1 million shares for 19 thousand dollars and convert them i will have 8 thousand preferred shares valued at .08 with a 6 percent quarterly cash divi thats 38.40 CASH quarterly, over five years thats 768 bucks!! and it will only cost 19 grand to get it!!! no wonder they keep extending the deadline!!! LOL!!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Might still have a bit to drop...maybe .0055-.005
JMO
-------------------- Please DON'T invest on JMO. Do YOUR research. Invest UR money the way YOU would like to! Thanks! ;) Posts: 936 | From: Virginia | Registered: Aug 2007
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posted
This could reach new lows. Wait for a clear reversal. Catching a falling knife could be painful.
Posts: 287 | Registered: Mar 2005
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quote:Originally posted by Rex: This could reach new lows. Wait for a clear reversal. Catching a falling knife could be painful.
LOL...no doubt!
-------------------- Please DON'T invest on JMO. Do YOUR research. Invest UR money the way YOU would like to! Thanks! ;) Posts: 936 | From: Virginia | Registered: Aug 2007
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-------------------- Please DON'T invest on JMO. Do YOUR research. Invest UR money the way YOU would like to! Thanks! ;) Posts: 936 | From: Virginia | Registered: Aug 2007
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posted
nice technical bounce, but she is still a falling knife. IMHO
-------------------- I refuse to tiptoe through life... only to arrive safely at death. Posts: 221 | From: michigan | Registered: Feb 2007
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posted
Has anyone read this PR? (See link below) What do the PBLS faithful, if there are any left, think of this PR? Any comments, insights, etc., will be greatly appreciated. thank you very much in advance.
posted
Just something to keep your hopes DrZ. It probably has more problems then someone spreading rumors or misinformation about them. It's a pink penny and will always be a pink penny. Don't let anyone tell you that it is a golden opportunity that will make you rich someday. I told you a long time ago you were foolish for listening to the hype about this company.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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So what pinkies do you think legitimate? Or, in your opinion, all pinkies are a scam or they would have been listed on the big boards a long time ago? Just curious...
posted
1 to 2 years ago, I would have called will a basher, now I agree with him 100%.
It's a POS pink just like the rest of them. But, if you know what you're doing, you can make money in trading pinks. Just don't fall in love with them. Get in, get out, take your profit and don't look back.
Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005
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posted
It appears the knife took a stab around .0033 and is being pulled out of the flesh for now. PR today with more next week. Anticipation and chart could keep this green for a few days.
Posts: 287 | Registered: Mar 2005
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posted
Scam? Scam is a strong word, fraud is a stronger word. What pinks do is operate with their toes on the "don't go there line". Every so often one will cross that line, and suffer the consequences of being revoked, (CMKX), others will dilute to a position that it is next to impossible to recover from .0001, (QBID). It's not just pinks, it's penny stocks, OTCBB & OTC, (pinks), included. With OTCBB reporting pennies you do have a little more visibility to shotcomings or financially unhealthy actions by companies. The whole penny community or industry needs policing and regulation, but if that were to happen you wouldn't see the opportunities for 1000's of % gains and losses in weeks, days, hours. It is my opinion that this sector of the market, (pennies), is not for investment, but only for specualtion, or "playing". Out of about 5,000 pinks maybe 10 to 15 make it to higher exchange. Many claim publication of financials, moving to a higher exchange, etc...but few do, they are claims, PR'd usually causing a temporary PPS increase followed by more dilution, driving the price down again. Besides enduring the companies and CEO's greedy printing of shares, we also have to suffer the greed of the MM. They have complete and total control of the Bid/Ask process. They can drive the price down on any penny, collecting shares for their inventory, and then running the price up selling those discounted shares back to "investors" at inflated prices, usually on good news, then only to crash it again, and repeat the cycle over and over. Then you have a third component, the "faithful", the INVESTOR, BELIEVER, in the company. Your most notable one for PBLS is gnulnx. He comments trying to convince himself that years and endless hours of DD has led him to the conclusion that this is the real thing. It's like a horseplayer trying to convince himself, and in the process his outloud thinking influences others that a 3 legged horse can win a race. Companies, more then MM's count on these "faithful" that infect other's brains with their blind belief and enthusiasm. Some of these folks are shills, and receive incentive from a company, but most are well meaning individuals that truly believe the tripe thay have fed them selves. It's the difference between bullsh*t and horsesh*t. Bullsh*t is when you embellish for affect, horsesh*t is when you believe your own bullsh*t. Sure you'll get the arguement, if only 10 in 5,000 make it, why couldn't this be 1 of the 10. Well, if you are comfortable with those odds, then have at it. Notice my signature, understand what a BILLION is, in outstanding shares a billion+ is impossible, that's what it is. Understand what a company's real value has to be to support that kind of share structure, if it was that good, why would it be trading in sub penny territory.
So, to answer your question, do I think al pinks are a scam. I'd say no. Now if you would have asked, do I think any pink is a good long term investment and have a chance at becoming a real company with real value, like $1, $5 a share? My answer is ABSOLUTELY NOT.
quote:Originally posted by DrZ: Will,
So what pinkies do you think legitimate? Or, in your opinion, all pinkies are a scam or they would have been listed on the big boards a long time ago? Just curious...
DrZ
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Does this even look right or sound halfway plausable?
"Mr. Alonzo added, "This additional contract from KOMEX brings our committed orders to 150 million metric tons over five years or 2.5 million metric tons per month for 60 months. The total value of this five-year agreement as structured is $6.6 billion or $110 million per month."
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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