quote:Originally posted by will: Talk about Especulation. Believe what you like, I see the glass as half empty. You know exactly what is and has happened here.
Just the way I trade will
buying on the way down and selling on the way up.
Would not want to do it the other way around.
So I guess your not in it. Bu-bye!
-------------------- 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
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posted
COVINGTON, La., Dec 16, 2005 (BUSINESS WIRE) -- Phoenix Associates Land Syndicate (Pink Sheets:PBLS) today released information regarding its acquisition of ProGas, Inc., previously announced on Thursday, December 15th. Phoenix acquired the Covington, Louisiana-based Energy Services firm for a combination of cash, preferred shares and restricted shares in a transaction valued at approximately $4,500,000. Total purchase consideration consisted of $2.5 Million in-cash payable in installments, 150,000 Preferred Shares(a) and 10 Million restricted common shares at a value of $.05 per share.
ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing solutions to Energy producers and consumers, with services including Energy supply management, Natural gas and crude oil marketing, Physical energy transportation (trucks, barges, pipelines), Physical and financial risk management, Administrative and regulatory consulting and a rapidly growing facilities financing division. According to ProGas' audited financial statements, the Company generated net income of $377,325.86 on total gross revenue of $190,353,257.50 for their latest fiscal year ended August 31st 2005.
CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
-------------------- Fred [IMG]http://renegade.iconlabs.net/images/tek.gif[/IMG] Posts: 1097 | Registered: Jun 2005
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Phoenix Associates Land Syndicate Releases ProGas Acquisition Details Friday December 16, 3:50 pm ET
COVINGTON, La.--(BUSINESS WIRE)--Dec. 16, 2005--Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) today released information regarding its acquisition of ProGas, Inc., previously announced on Thursday, December 15th. Phoenix acquired the Covington, Louisiana-based Energy Services firm for a combination of cash, preferred shares and restricted shares in a transaction valued at approximately $4,500,000. Total purchase consideration consisted of $2.5 Million in-cash payable in installments, 150,000 Preferred Shares(a) and 10 Million restricted common shares at a value of $.05 per share. ADVERTISEMENT
ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing solutions to Energy producers and consumers, with services including Energy supply management, Natural gas and crude oil marketing, Physical energy transportation (trucks, barges, pipelines), Physical and financial risk management, Administrative and regulatory consulting and a rapidly growing facilities financing division. According to ProGas' audited financial statements, the Company generated net income of $377,325.86 on total gross revenue of $190,353,257.50 for their latest fiscal year ended August 31st 2005.
CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
About Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate, through its wholly-owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. Current company assets include oil leasehold and drilling operations, sand and gravel quarry and mining operations, a contract hauling trucking fleet, diversified construction operations and land-development leaseholds. The Company is experiencing significant organic growth in each of these businesses and is aggressively acquiring synergistic businesses in order to rapidly build capacity.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Phoenix Associates Land Syndicate, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
(a) The Preferred Shares have a par value of $10.00 per share, a dividend rate of 6% per annum (payable quarterly) and are redeemable by Phoenix at any time up to 5 years by cash payment at the par value or issuance of restricted common stock (at a conversion rate based upon the trailing 30-day average closing price). The sellers will also receive "piggyback" registration rights for the common stock they receive in such redemption.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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posted
Phoenix Associates Land Syndicate Releases ProGas Acquisition Details Friday December 16, 3:50 pm ET
COVINGTON, La.--(BUSINESS WIRE)--Dec. 16, 2005--Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) today released information regarding its acquisition of ProGas, Inc., previously announced on Thursday, December 15th. Phoenix acquired the Covington, Louisiana-based Energy Services firm for a combination of cash, preferred shares and restricted shares in a transaction valued at approximately $4,500,000. Total purchase consideration consisted of $2.5 Million in-cash payable in installments, 150,000 Preferred Shares(a) and 10 Million restricted common shares at a value of $.05 per share. ADVERTISEMENT
ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing solutions to Energy producers and consumers, with services including Energy supply management, Natural gas and crude oil marketing, Physical energy transportation (trucks, barges, pipelines), Physical and financial risk management, Administrative and regulatory consulting and a rapidly growing facilities financing division. According to ProGas' audited financial statements, the Company generated net income of $377,325.86 on total gross revenue of $190,353,257.50 for their latest fiscal year ended August 31st 2005.
CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
About Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate, through its wholly-owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. Current company assets include oil leasehold and drilling operations, sand and gravel quarry and mining operations, a contract hauling trucking fleet, diversified construction operations and land-development leaseholds. The Company is experiencing significant organic growth in each of these businesses and is aggressively acquiring synergistic businesses in order to rapidly build capacity.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Phoenix Associates Land Syndicate, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
(a) The Preferred Shares have a par value of $10.00 per share, a dividend rate of 6% per annum (payable quarterly) and are redeemable by Phoenix at any time up to 5 years by cash payment at the par value or issuance of restricted common stock (at a conversion rate based upon the trailing 30-day average closing price). The sellers will also receive "piggyback" registration rights for the common stock they receive in such redemption.
Contact: For Phoenix Associates Land Syndicate, Covington Osprey Partners Mike Mulshine, 732-233-3853 osprey57*optonline.net http://www.pbls.biz or Brass Bulls Corp., 866-342.2700 matthew*brassbulls.com
Posts: 1632 | From: NJ | Registered: Nov 2005
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-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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posted
It always a competition around here. I can't believe Miss pumper Lil didn't post it. LOL
Posts: 1632 | From: NJ | Registered: Nov 2005
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posted
Whats up with all this great news coming out and the PPS droppin it like its hot. I bought in * 22 like 2 weeks ago, and i told myself i will sell it by the end of that two weeks. I sold yestarday * 18 and by lookin at this today. Im glad i did. Can anybody explain? Cause it just seems like there is so much float on this its not going to run like we want it too.
Posts: 565 | From: War Eagle | Registered: Jun 2005
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I don't worry I like Alonzo the man can take dirt and turn it into money my money is riding on pbls and stays
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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lil' Especualtion comment was not for you. It was for that long winded fellow who explained the A/S increase and had $110K invested, and was buying more.
quote:Originally posted by lilpennypincher:
quote:Originally posted by will: Talk about Especulation. Believe what you like, I see the glass as half empty. You know exactly what is and has happened here.
Just the way I trade will
buying on the way down and selling on the way up.
Would not want to do it the other way around.
So I guess your not in it. Bu-bye!
-------------------- 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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Jakeo, I believe one of the reasons that PPS dropped was that many people who had invested thinking long term got scared when the PRS did not contain any info about what it was costing to do the acquiring and things like the exact location of the lease in Nevada. I know many people who sold yesterday and today for this reason.
PRS like the one just released is what is needed to instill investor confidence.
I did not sell and will only add more when financials are released.
IMHO
Posts: 539 | From: BIG D | Registered: Apr 2005
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"for a combination of cash, preferred shares and restricted shares "
"150,000 Preferred Shares(a)"
Cash, fine, restricted shares, great. "preferred shares", convenient. No explanation on those preferred shares. Are they restricted? What is the conversion ratio to common shares? 42M volume in two days, one MM selling on the ask, The guy with $110K invested mentioned an increase in A/S, the deal had "mystery" preferred shares included in its PPS falling when it should have flown. People thinking SCHB is shorting, (42M is a bit much to short, isn't it?). Sorry sounds like the word none of y'all will even think, not a lone whisper, and God forbid you type it.
DILUTION !
-------------------- 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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Transparency is on its way Will. As for authorized shares I believe it is 2 billion.
From phone calls with management within the last 10 days or so, no more than 3 and a half months until financials and updated OS 600 million shares with 160 million in float. And as I said Will, alot of investors sold their holdings the last two days. I have tried to explain it in the previous post. Feel free to PM me if you want a more lengthy explanation.
I for one am not concerned and will add when financials come.
Posts: 539 | From: BIG D | Registered: Apr 2005
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"It should be interesting to note that given the restricted shares for Progas, [we don't have those numbers], and the following acquisition [we don't have any particulars], nor the restricted share count here.... PBLS has the need for further Authorized Shares to offset these purchases."
I might have misunderstood what the guy with $100K invested had to say here, but it sounded like the A/S was raised.
quote:Originally posted by macdrsirules: Transparency is on its way Will. As for authorized shares I believe it is 2 billion.
From phone calls with management within the last 10 days or so, no more than 3 and a half months until financials and updated OS 600 million shares with 160 million in float. And as I said Will, alot of investors sold their holdings the last two days. I have tried to explain it in the previous post. Feel free to PM me if you want a more lengthy explanation.
I for one am not concerned and will add when financials come.
-------------------- 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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posted
By the way, can anyone show me where management has lied to us? They have kept what they have promised although PRS detail have lacked a little detail, which appears is about to change.
Company has no history of RS. I found nothing at all concerning any fraudulent claims against Paul Alonzo or Ron Blackburn on SEC website. I could keep going, but I think the picture I am presenting is becoming clear.
Should gap up on Monday.
IMHO
Posts: 539 | From: BIG D | Registered: Apr 2005
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posted
"although PRS detail have lacked a little detail, which appears is about to change."
It lacked a detailed explanation of those 150,000 preferred shares. What is the conversion ratio? Could they be converted at the time the deal was closed? Why does it appear the PRS lacking detail will change? True, you have a PR explaining the structure of the deal, but I find it problematic that the terms of the preferred shares were not detailed. Don't you think that is important, and would have been a bit more forthcoming with a detailed explanation?
[ December 16, 2005, 17:26: Message edited by: will ]
-------------------- 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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That right Mac with pbls pr's you have to read into them the last one now that a pr that investors like to see all the work is donee for them. Fear not this company has never lied to investors yet I know that they have increased the a/s but they have used the increase to increase assets and that does not hurt a thing some body on r/b asked an they were told the o/s is way under a billion.We will find out in Janiary of 05 I think pbls has never been stronger imho long and strong
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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"That right Mac with pbls pr's you have to read into them"
Why would you want to have to read into a PR? Why should you have to speculate on what is being said? Aren't PR's released to inform? Some people might like to guess at what is being said, but I trhink reasonable people want clear facts.
"some body on r/b asked an they were told the o/s is way under a billion."
Well, that's comforting, but is it accurate, factual, and official?
-------------------- 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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Will, I know you should not have to read into them,pr's are not Alonzo's best work that is why he picked up a new ir to work with them they will get better as for the a/s we will have to see in January when the company releases it and the the audit. Thats what I know its not the ideal situation but it is all we are going to get and that is all I know.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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An acquisition is never free. The question is how does this help us. Will we make more money in the future. If pro-gas is debt free and makes money then you pay for the acquisition over time.
quote: COVINGTON, La.--(BUSINESS WIRE)--Dec. 16, 2005--Phoenix Associates Land Syndicate (Pink Sheets:PBLS) today released information regarding its acquisition of ProGas, Inc., previously announced on Thursday, December 15th. Phoenix acquired the Covington, Louisiana-based Energy Services firm for a combination of cash, preferred shares and restricted shares in a transaction valued at approximately $4,500,000. Total purchase consideration consisted of $2.5 Million in-cash payable in installments, 150,000 Preferred Shares(a) and 10 Million restricted common shares at a value of $.05 per share.
So, doesn't this just come out and say valued at 4,500,000. That is the price they paid.
2.5 mil in cash 10 mill X .05 = $500,000 ------------------------- = 3 million
so the preferred shares are valued at 1.5 million.
1,500,000 / 150,000 = $10 per share.
To pay for this with dilution you would have to sell 2.5 mill worth of shares at todays price.
2.5 mil / .02 = 125 mil shares
Then, to pay for the restricted shares later on at todays price you would need to dilute 2,500,000 shares.
To dilute the preferred shares 1.5 mil/.02 = 75 mill shares.
At todays prices approximately 202,500,000 shares. Or you can predict the price will rise enough so that when the preferred shares and restricted shares come due you can pay with fewer shares.
This is about a share for every dollar of revenue. How do you figure out if it is a good deal or not?
Let's say they are going into the oil business. Since Progas is in a sense a middle man and marketer would this cut out the middleman taking their profits? It could boost revenues and profits per barrell quite a bit vs paying someone else.
Posts: 660 | From: Kansas | Registered: Mar 2005
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Look at it this way, if they paid with 200 mill shares and the current OS is 800 mill, then the price would fall by 25% because of dilution but rise from whatever the upside would be from the assets.
We have seen the dilution over the last couple of days, when will the upside be factored in?
quote: ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing solutions to Energy producers and consumers, with services including Energy supply management, Natural gas and crude oil marketing, Physical energy transportation (trucks, barges, pipelines), Physical and financial risk management, Administrative and regulatory consulting and a rapidly growing facilities financing division. According to ProGas' audited financial statements, the Company generated net income of $377,325.86 on total gross revenue of $190,353,257.50 for their latest fiscal year ended August 31st 2005.
If current OS is 1 billion shares then
377,325 / 1 billion = .00037 per share. Of course the total shares should reflect all of their businesses. If you divide the income by the sale shares it would be,
377,325 / 200 million = .0018 per share or a pe of
posted
I was just thinking the same as all of you and, I believe it was well stated here.
JohnnyRotten Member
Member Rated: posted December 16, 2005 20:25 -------------------------------------------------------------------------------- An acquisition is never free. The question is how does this help us. Will we make more money in the future. If pro-gas is debt free and makes money then you pay for the acquisition over time. ========================================== Sometimes dilution is necessary, (if that is what has happened) No one likes it but In the long run it will pay off.
I look at it this way. I'm buying a piece of property, paying what some may think of as way too much. Taking equity from my home to do it. But knowing what the investment will bring in the future, is what has me doing it to begin with.
Sometimes you've got to take some to make some.
JMO!
-------------------- 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
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Guys read this PR. I have studied all the PRS in 2005 and it is well known that there will be some dilution. However I should add that the overwhelming majority of the shares issued are restricted for 5 years. We shall all see soon as stated in the PR today if you read that far. "CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
They have came through with a promised PR 100 percent of the time. There is no reason not to believe that PBLS will make all wanted info about share structure available in the near future.
6/29/2005 Read all of this one
TO ALL PBLS INVESTORS:
From time to time various questions arise from Phoenix investors that involve possible shorting (What can we do?), dilution (Who will get some shares and what percentage do I have?), and of course our progress toward becoming a full reporting company (When will it happen?).
With regard to Phoenix becoming a full reporting company, it is our plan to make announcements from time-to-time on our progress. The Company is determined to complete this process in 2006 and has made several public announcements on this issue and will continue with these progress reports.
With regard to possible shorting of our stock, we believe this is properly attacked by buying stock in the open market coupled with more buying. Phoenix believes that as more potential investors become aware of our Company and come to understand our business, the buying will continue and our stock will tend to move to stronger hands over the next few months and possibly years. The second thing that can be done by investors would be to demand delivery of your certificate when you buy PBLS stock. If you gain physical possession of your shares in certificate form you will greatly contribute to put the shorters out of business.
The third issue is dilution. Phoenix is a growing company. We plan to add five to eight new acquisitions before 2005 is over. Phoenix does not generally buy with cash, but buys with stock. As Phoenix buys -- the assets and the income of the company are expected to increase exponentially. As Phoenix grows, stock will be issued. With these stock issuances, the company continues to increase its stock value for all concerned, but this also causes dilution. There are many companies that do not grow, they have no dilution, they have no market and they have very few future prospects to drive their stock value. We believe that Phoenix stock is for those investors that are interested in a healthy, growing, dynamic company that has a future and that is not content with stagnation. As a limited example, companies like G.E. own and operate hundreds of companies and they have issued 10.61 billion shares of stock and continue to do so. This entire message is from Paul Alonzo, President and CEO of Phoenix Associates Land Syndicate, and it reflects the view and business plan as developed by the Phoenix Board of Directors.
Contact: Paul Alonzo Phoenix (985) 845-4627 phoenixassoc*bellsouth.net or Mike Mulshine Osprey Partners (732) 233-3853 osprey57*optonline.net
(It is of my opinion that as of 11/21/05 they have more cash than anticipated although most acquisitions are paid by cash and stock).
One more
7/1/2005
TO ALL PBLS INVESTORS:
Several investors called the office after our last news release expressing concerns about the use of stock when purchasing existing companies. RESTRICTED AND/OR PREFERRED are the words I left out of the release. In almost all cases we use five year restricted and/or preferred stock to purchase other companies. Each deal has certain unique aspects but they are usually structured with RESTRICTED AND/OR PREFERRED STOCK with certain triggers wherein a seller can exercise various contract options. It is also appropriate to say that any purchase by Phoenix would be expected to be accretive within the first year of purchase, which is certainly in the best interest of our current shareholders. I hope this further clarifies the use of stock in Phoenix purchases.
The increase in A/S to 2 billion does not surprise me nor scare me. Paul clearly stated that resticted/preferred shares would be used for acquisitions. This guy is straight forward and open, definitely not your run of the mill pinksheet. The numbers will be made public in the near future.
GO PBLS!!!!
Posts: 539 | From: BIG D | Registered: Apr 2005
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EXACTLY MY POINT! You need to DRIVE FORWARD! BRAVO Mac!
The third issue is dilution. Phoenix is a growing company. We plan to add five to eight new acquisitions before 2005 is over. Phoenix does not generally buy with cash, but buys with stock. As Phoenix buys -- the assets and the income of the company are expected to increase exponentially.
There are many companies that do not grow, they have no dilution, they have no market and they have very few future prospects to drive their stock value. We believe that Phoenix stock is for those investors that are interested in a healthy, growing, dynamic company that has a future and that is not content with stagnation. As a limited example, companies like G.E. own and operate hundreds of companies and they have issued 10.61 billion shares of stock and continue to do so. This entire message is from Paul Alonzo, President and CEO of Phoenix Associates Land
-------------------- 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
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