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Yea I told a friend also and he bought in at .06 very heavily. He doesn't believe in small purchases unfortunately, figures huh? It probably hasn't helped, but I don't doubt it will run up again. They have it made for resources down there.
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I don't doubt it either, I like how this looks for the near future. I'm planning on hanging around, what do I have to lose at this point?
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Guess you just gotta look at it this way, they are just now getting materials into New Orleans, of course i'm sure work is being held off for Rita, but just the levees are getting repaired from what I've seen, then the massive road repair gets underway. The stock price is probably gonna fizzle for a little bit but next good PR and kaboom. I feel pretty confident myself on this one.
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I think this sums up the last few trading sessions very well.........................
and why some would not understand the reposting of what this company is and has...............
A lot of neg post and lies were placed on this board to cover a position..............
The truth needed to be kept in the light...........
..................................................... By: FMI81 23 Sep 2005, 07:37 AM EDT Msg. 10471 of 11139
Were not talking about a couple of bashers. Were talking about a MM that does a billion dollars a year, I feel launched a tempory attack to regain position.
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Phoenix Associates Provides Shareholders With an Update on Business Operations Monday September 26, 12:06 pm ET
COVINGTON, LA--(MARKET WIRE)--Sep 26, 2005 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction related industries, released the following comments from Mr. Paul Alonzo, CEO and President: ADVERTISEMENT
Due to recent requests from shareholders and interested investors, I have compiled a short list on Phoenix's current financial status and some of my expectations for the years 2005 and 2006. While we are working towards providing the public with audited financials, the numbers provided today are un-audited. Before I give out any numbers, I would like to say some things about some of our great managers:
Nobody believed it could be accomplished but under the direction of the Operations Manager, Adam Alonzo (Murphy Sand & Gravel), and with the assistance of Operations Manager, John Zornes (Bayou State Trucking), the Murphy Sand and Gravel Pit, located in Pearl River, Louisiana, reopened for business at 6 a.m., Monday, September 19, 2005, under generator power. By 12 noon, C.S.T., CLECO, the power company servicing Murphy, had the entire operation with electrical power. This incredible task was accomplished, after the Murphy operation was devastated during Hurricane Katrina, by Adam Alonzo, along with contractors, timber cutters, electricians truckers and the power company. Yes, he is my son.
1. Phoenix Division, Murphy Sand and Gravel, Manager Adam Alonzo: The gravel pit should generate in excess of $2,310,000.00 in revenues for the year 2005. With what will possibly be the largest construction boom in Louisiana and New Orleans history, the gravel pit revenues for 2006 are sure to increase.
2. Phoenix Division, Oil & Gas, Manager John Barksdale: The acquisition of Rome Oil and Mid-South Resources will add a minimum of $1,368,000.00 in revenues for Phoenix for calendar year 2005, with expectations the two oil companies will generate over $12,000,000.00 in revenue for the company in 2006. Phoenix is able to acquire these two oil and gas companies with stock and a small cash payment. After paying for the acquisition, Phoenix coffers are still healthy enough to finance and bring into production the next ten wells which our research indicates will be the most profitable.
It is my policy that Phoenix need not go into debt to develop these oil and gas properties. Our policy shall be to raise money for future drilling (if need be) on a non-recourse method without putting Phoenix into debt.
3. Mineral Assets: Our gravel pit has proven mineral reserves in the amount of $300,000,000.00 and the addition of Rome Oil and Mid-South Resources brings another $200,000,000.00 worth of mineral reserves to Phoenix's balance sheet. I anticipate Phoenix having over $1,000,000,000.00 worth of mineral reserves by the end of 2006.
4. Phoenix Division, Heaslip Construction - Manager, Mark Dishon: Gross revenues for our construction division could exceed $2,000,000.00 for calendar year 2005. Our research and experience shows the average repair/remodel cost for homes in our area of the country to be around $80,000.00 per house. Unfortunately, there are literally thousands of homes in need of repair due to the hurricanes. I expect record breaking years for Heaslip during what I know will be one of the largest re-building efforts ever taken in the history of our country. If we get just a small piece of the action, revenues for our construction division should really take off during 2006.
5. Phoenix Divisions, Ann Arbor Pools - Manager, Dennis Scherdt and Great Lakes Pool Plastering - Manager, Byron Ross: These two companies should bring in approximately $2,288,000.00 in revenues to Phoenix during the calendar year 2005. Both of these companies also stand to break all sorts of records during the soon to be construction boom of 2005 and 2006.
6. Phoenix Division, Bayou State Trucking - Manager, John Zornes: Our trucking division tries to avoid the costs and hassles of owning trucks and the maintenance and insurance issues that come with ownership. Bayou provided jobs for owner operators and leases equipment from time to time when necessary. Revenues to calendar year 2005 should be around $650,000.00. For all qualified drivers with proper credentials and proof of insurance, Bayou is paying $45 per hour for tandems, $55 per hour for tri-axles and $65 per hour for eighteen wheelers. Again, with the coming construction boom, I expect annual revenues for our trucking division to also increase during 2006.
7. Phoenix Division, Acquisitions and Business Development - Manager, Ron Blackburn, assisted by Patti Fischer and Roger Stone: We are in a constant search for profitable companies to acquire where the acquisition can be accomplished with little or no debt and in which the acquisition brings immediate revenue growth and assets to Phoenix. We are in negotiations at this time with several companies we will try to acquire.
During the year 2004 when Phoenix was a much smaller company than we are today, we grossed a little over $3,000,000.00. While the addition of the conservative estimated numbers I gave above add up to a little over $8,600,000.00 in revenue. I am sure with the rapid growth we are currently experiencing in the last part of 2005, that our gross revenues will wind up exceeding $10,000,000.00 for the year with profit exceeding what our gross revenues where in 2004.
For 2006, since we expect revenues from our oil and gas division to be much more that $12,000,000.00, and because we have other acquisitions in the works in the oil and gas division, and since it is reasonable to assume that all of our construction related divisions should profit greatly from the expected construction boom in 2006, it is reasonable to expect that Phoenix's 2006 revenues could be as much as four to five times greater than our 2005 revenues. I am also happy to report that management has been very successful in control of day to day costs of operations and avoiding unnecessary debt which means profit in 2006 should rise in proportion to revenues quite nicely.
As CEO of Phoenix and on behalf of all of our managers and employees I would like to say that our hearts and prayers are with all of the victims of these two terrible hurricanes that struck our shores and that we as a company are dedicated to doing our best in re-building this great part of our great country.
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.
-------------------- I just want to make enough money to be eccentric.
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You'd think this baby would start launching just on those figures alone. Might be a little lack of confidence from the selloff earlier that sounded more like a group play.
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And if the OS number on PinkSheets is correct (82,666,637) that makes the PPS value as follows (for Gross revenues):
Revenue PPS Estimated Value 3 mil .036 (2004) 10 mil .12 (2005 Estimate) 12 mil .14 (2005 Estimate) 40 mil (4x now) .48 (2006 Estimated)
Of course, the fact that in 2004, they grossed 3 mil, would have made the share price worth .036 (which is below where it's trading right now and prior to Katrina, it traded at 1/10th this number).
Keeping in mind that all of these are GROSS revenues, let's assume profits are only 1/2 what they gross:
Revenue PPS Estimated Value 1.5 mil .018 5 mil .06 6 mil .07 20 mil .24
I'd say we have another buy opportunity since it's pull back from .12!
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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Mineral Assets: Our gravel pit has proven mineral reserves in the amount of $300,000,000.00 and the addition of Rome Oil and Mid-South Resources brings another $200,000,000.00 worth of mineral reserves to Phoenix's balance sheet. I anticipate Phoenix having over $1,000,000,000.00 worth of mineral reserves by the end of 2006.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> looks like bid support building
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OS is 450 Mln on this one. So your #'s are WAY OFF. Not only are they way off....your basing pps solely on Revenues when they should be based on revenues and earnings.
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quote:Originally posted by JL: OS is 450 Mln on this one. So your #'s are WAY OFF. Not only are they way off....your basing pps solely on Revenues when they should be based on revenues and earnings.
Yep, that would make the numbers waaaaay off!
1. Where did you get the OS from? I looked at PinkSheets.com?
2. Also, where do you find earnings?
3. What is the correct formula for estimated value per share?? I used Revenues divided by OS....
Thanks for the correction!
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
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In at .39, out at .52 ... 60k shares; thats my new thing lol. After GRDX fiasco no more listening to "it can go higher!" .. I'll take what I can get
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