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
Posted by tmanfromtexas on :
Whats your point? TMAN...
Posted by gnulnx on :
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.
Posted by tmanfromtexas on :
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...
Posted by madmoney on :
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??????
Posted by gnulnx on :
tman,
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.
Posted by gnulnx on :
madmoney,
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.
Cheers and I wish everyone the best of luck.
Posted by tmanfromtexas on :
Good luck Gnulnx. I know you have had this for along time. I hope it pans out for ya. TMAN...
Posted by gnulnx on :
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 by madmoney on :
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!!!
Posted by realperson on :
We get second Q numbers next week plus bonus PR's IMO
Posted by DrZ on :
PBLS down 24% today to 0.009...any rumors, etc.? May be time to buy back in.
Any opinions on this one? Last time it ran to 0.034 - back in June...
Keeping my eye on PBLS again...
Happy trading, DrZ
Posted by DrZ on :
It appears there were huge sell-offs yesterday and today...over 35 million shares traded??
What gives? Thoughts?
DrZ
Posted by OILDOG on :
Yes, a "very very different"company. sinking sinking
Posted by Jenna on :
This may be a good time to get some shares.....I don't think this one will stay down like this....
Posted by FrankNitti on :
Might still have a bit to drop...maybe .0055-.005
JMO
Posted by Rex on :
This could reach new lows. Wait for a clear reversal. Catching a falling knife could be painful.
Posted by FrankNitti on :
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! Posted by FrankNitti on :
.0048 EOD
Get ready....possible new 52 week low today....
Price Support Pivot Point Resistance
0.0048 0.0037 0.0051 0.0065
Posted by Persia on :
Good company, POS management.
Have holded this for almost 2 years, then sold when they ungagged the TA, 2.5 Billion O/S.
Now actually waiting to get back in at these prices.
Have an order at .0040, .0030 and .0020
Posted by OILDOG on :
quote:Originally posted by Persia: Good company, POS management.
Have holded this for almost 2 years, then sold when they ungagged the TA, 2.5 Billion O/S.
Now actually waiting to get back in at these prices.
Have an order at .0040, .0030 and .0020
All will probably be filled.
Posted by DrZ on :
Does PBLS have any hopes of rebounding as it has in the past? Opinions and comments always welcomed.
Have a great day all... DrZ
Posted by don_casey on :
nice technical bounce, but she is still a falling knife. IMHO
Posted by DrZ on :
Anyone buying at these levels??
DrZ
Posted by DrZ on :
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.
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.
Posted by DrZ on :
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
Posted by Persia on :
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.
Posted by Rex on :
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.
Posted by will on :
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
Posted by will on :
Sober up!
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."
Posted by BooDog on :
Excellent post Will. Good read.
Posted by T e x on :
lmao...
will takes no prisoners Posted by NanoTrader on :
WOW! very well put Will..i need a good kick in the head to send me back to reality once in a while!
Posted by Rex on :
Nice post Will. I agree with everything except your PBLS 3 legged horse analogy. This horse has no legs, no jockey, no blinders, no whip, no prized bloodline and it seems its only talent is producing more manure.
Posted by BooDog on :
quote:Originally posted by Rex: Nice post Will. I agree with everything except your PBLS 3 legged horse analogy. This horse has no legs, no jockey, no blinders, no whip, no prized bloodline and it seems its only talent is producing more manure.
So close to Halloween too....
hmmmm I can see it now - boodogs front yard decorated with pos pinks/ob's symbols dressed as headless legless - certainly spineless horses. Some weird looking un-yet designed freaky looking wall street broker that has to have the most clueless look with kaleidoscope eyes. Posted by will on :
It might be playable soon. It's not overbought, but the RSI is higher then I like it. It's having a bit of technical bounce off of that 52 week low, but should be trading under .003 in less than a month. It might not get that low, but I wouldn't touch it unless I saw the RSI ducks under 30. It's just a play now, all the hype and hope has been realized and is gone. These guys have been exposed for what they really are.
Now they are acting like OJ, out there searching for rumor mongers that damaged the PPS of a bloated pos pink. When in reality they're probably selling off the last of the 2B A/S.
Posted by realperson on :
Even QBID had bounces off the bottom
hahah
Posted by Rex on :
I think we'll see 6's to 7's with the PR this week then back down she'll go.
Posted by DrZ on :
Will,
Thanks for the reality check. I very much appreciate the answer to my post.
Have a great day all, DrZ
Posted by advice seeker on :
Which way is this thing going to move, up or down? If up, how much further is it going? Posted by TruthLiesWithin on :
Bought at .026 sold at .115 back in 04-05
One of my favorites, but leary of it now.
Posted by realperson on :
Very leary
The rumors abound
Posted by DrZ on :
What rumors?
Posted by realperson on :
Bounced divy and pay roll checks lost the pit no Komex feal List goes on
Dont know whats true or not nobody can get answers from pbls
Posted by Rex on :
heading for triple zero super sub territory. weeeeeeeeeeeee. I'm just waiting for my set.
Posted by Homersbud on :
Huge vol. Been watching this all morning and seen huge buys in the 004's. Needs a ton of vol just to move a little bit.
0043x0044 1x5
Phoenix Associates Wins Louisiana Supreme Court Decision Tuesday November 20, 6:45 am ET
On November 16, 2007 the Supreme Court of Louisiana Awarded a Decision in Favor of Phoenix against the First National Bank of Picayune; Case Relates to Improper Seizure of Equipment at Murphy Sand & Gravel in 2004
MADISONVILLE, LA--(MARKET WIRE)--Nov 20, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) announced that the Supreme Court of Louisiana awarded the Company a decision against the First National Bank of Picayune related to its seizure of dredge equipment in 2004 at the Company's sand and gravel mine in Pearl River, Louisiana.
ADVERTISEMENT
To our Shareholders:
On Friday, November 16, 2007, Phoenix was awarded a Supreme Court decision against the First National Bank of Picayune (FNB), for the improper seizure of its equipment in early January 2004. This decision is historical and monumental for Phoenix and will be used in the future as a model in law schools throughout the country when discussing the Uniform Commercial Code (UCC).
This was a tough case because Phoenix was not sued and it was not the defendant or the plaintiff, but it was in possession of the equipment, had paid for the equipment, and had improved the equipment with hundreds of thousands of dollars of parts and labor to put it in operable condition. Phoenix had to argue many technical issues to become a litigant in the case and to prove that it was entitled to a favorable decision which after receiving same, now allows Phoenix to litigate for its damages. The other side now has several days to appeal, but the Supreme Court filed a very definitive 25 page decision and would not likely overturn their own decision. When the process is over in about 90-120 days, Phoenix will then begin to seek damages against the bank and others which could be enormous.
Although the actions of FNB were extraordinarily damaging and may eventually cost Phoenix its lease, Phoenix should easily prevail in the damages portion of the litigation and should recover significant compensation. After all, the reason Phoenix may lose the lease is because of the illegal equipment seizure which resulted in Phoenix being forced to sign operational contracts which to this date have been found improper by the courts. Phoenix is now going to the Supreme Court to argue the operational contract issue.
Phoenix views this important Supreme Court decision as the corner stone of its upcoming litigation for damages against FNB and against all parties that have interfered with its business interests. This case was Phoenix's hardest case and the findings should fuel the upcoming cases in the next few years with regard to the sand and gravel mine and other issues. Phoenix has documented proof of damages, false and slanderous accusations against its business interests and its principals, and additional proof of tortuous business interference. Although our upcoming cases for damages will not be easy, this case will help defuse and disprove many issues that have been used against Phoenix when combined with our additional proof of malicious, unwarranted and unprovable claims against Phoenix.
Phoenix has turned the corner after being hit with what has been like a second Hurricane Katrina ("the perfect storm") when you consider these court cases, office personnel problems and other recent damaging activities. Phoenix will remain an effective and substantial company well into the future.
Best regards to all of our shareholders.
Paul Alonzo, CEO and President Phoenix Associates Land Syndicate
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
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