"If not the weak and fearful will get out, we will drop to the low .02s and start climbing back up again.."
I can assure you I will be back in by then and adding if PBLS goes that low, IF THE CO. ISSUES THE PR'S I THINK THEY WILL!!!!!!!
The company needs to learn to treat their investors right. Increasing A/S without a PR explaining the reason is just not right. Let's see what they say tommorrow.
GLTA and GO PBLS!
Posts: 539 | From: BIG D | Registered: Apr 2005
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posted
im a noob to stocks and dont know much, but im going to hold out. I have been in PBLS a while and well depending on what the next PR says, I will decide. oh i live near covington and what about that flossin?
Posts: 209 | From: New Orleans | Registered: Feb 2006
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posted
jdg it was my understanding the progas was audited prior to purchase...not sure about the rest tho.
Well I sure hope today is the day the give us a follow up pr...lots of ansy people on all the boards last night. I can say this for sure a lot of fairly big investors are holding their shares through this...I suspect these people hold a minimum of 100 Mill shares or roughly 10% of the previous AS. Since I firmly believe there has been no aditional dilution at this point I still think the float is relativly small. Think about it...only 13 million shares traded yesterday...that's nothing for company with an AS of 1 billion..now 1.75 billion. Most shares are tied up as restricted stock and strong hands hold a good chunk...I hold just over 660,000 and will continue to hold until there is a business reason not to.
It was pointed out to me by a big investor that this company does not need to add additional shares to stay alive like many pinks do. We should not interpret what we are seeing in the same light as other pinks.
Here's my hunch..and it is just a hunch. PBLS is looking to purchase some drilling rigs and didn't have enough cash to do this without breaking the bank. They didn't want to go into debt so they decided to increase the number of restricted shares. Yeah, ultimatly this will cause some dilution..we all know that. However if I am right on this it may very well be worth it in the long run.
posted
MACD, I am not calling you weak at all...I believe you said you would most likely jump back in when you felt comfitable or if the price dropped and stablized, or something to that affect..Thats called smart investing, sell at a high if you think it might go down, only to re-enter at a low and gobble up more shares!!
The weak statement was made for people who just buy and move on, never to give the stock another glance, just bc of a/s increase, during a time i feel that an A/S increase is necessary.
Hopefully, by my first few posts, you uncovered who I am, and should know I respect you as much as Bond!! You have brought a lot of good stuff to the table!!
If this post doesnt make sense its because I woke up a matter of seconds ago, and am not thinking clear!!
GO PBLS!!!
Posts: 381 | From: Cincy | Registered: May 2006
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bond wrote: "I still think if a company wants public money they should not refuse investor's the right of information after all they are the ones that give them the capital to grow and be in business"
I think I will send that to Paul and Ron...because I could not agree more.
By Market Wire Last Update: 6/20/2006 9:02:53 AM Data provided by
NEW ORLEANS, LA, Jun 20, 2006 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (PINKSHEETS: PBLS) is pleased to announce that it has completed its acquisition of TCB Properties, L.L.C. which was a Florida L.L.C.
The Company explained that prior to the acquisition, the owners and management of TCB Properties, L.L.C. had to convert their company to a "C" Corporation, a legal process that caused a delay in the closing until that conversion was completed. The name of the converted company at closing was TCB Properties, U.S. Inc., a Florida corporation.
TCB has offices in Destin, Florida and Beaver Lake, Arkansas.
Paul Alonzo, CEO of Phoenix, said, "With TCB Properties now a part of the Phoenix group of Companies, we can go forward with a number of property conversions from Rental Units to Condo Complexes, the first of which is located in the Greater New Orleans area. Additionally, other projects are already being pursued by TCB in Arkansas, Florida and Memphis, Tennessee."
The Company added that the first property conversion project will include 80 waterfront townhouses with an average Condo resale value of about $400,000 per unit. 3-D Builders will be doing the conversion on this project which will be completed in 18 to 24 months.
The detailed terms of acquisition that the Company would normally be releasing at this time have been limited by certain agreements with the sellers of TCB, but Phoenix can disclose the purchase price paid for TCB and its first acquisition in the Greater New Orleans area is in the low 8 figures.
The purchase amounts were paid in cash and preferred shares, and owner of the preferred shares has the right to put the preferred shares back to Phoenix for cash at any time after the fifth anniversary of the closing, or to continue to hold the preferred shares and earn a 6% quarterly dividend.
About The Phoenix Construction Division
In the fall of 2005, Phoenix completed the acquisition of 3-D Builders, Inc. for stock and cash, in an effort to increase its construction division capability in the wake of Hurricanes Katrina and Rita. The acquisition of TCB Properties, U.S. Inc. will expand the size and scope of this business unit of Phoenix.
The Company continues to add human resources to pursue work through the U.S. Army Corps of Engineers, the Federal Emergency Management Agency (FEMA) and regional contractors that have been assigned work in the disaster relief area. As a result, the Company has established a reputation as a "high quality with sound value" provider in the Southeast regional construction market.
Also, strategically located in the Construction division, are Ann Arbor Pool Builders and Great Lakes Pool Plastering, which are licensed in four states.
About Phoenix Associates Land Syndicate (PBLS)
Posts: 1351 | From: Phoenix Az | Registered: Nov 2005
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Doesn't explain jack or sh#*, and as far as I know there are no guys named Jack involved in these transactions.
Posts: 1097 | Registered: Jun 2005
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good morning all I think there is another pr coming out but I am sure it will have to have the approval of there attorneys so maybe a day yet
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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COVINGTON, LA -- (MARKET WIRE) -- 06/20/2006 -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced that it filed a corporation action with the Nevada Secretary of State on June 15, 2006 to increase its authorized shares of common stock from 997 million shares to 1,750 million; and to increase its authorized shares of preferred stock from 3 million to 250 million.
The Company explained that the driving reason behind this corporate action to increase its authorized shares is the fact that the company was getting low on the number of unissued preferred shares, and since it uses preferred for acquisitions and has certain potential acquisitions in view, leadership felt that they needed to take timely action to increase the authorized preferred shares.
Phoenix already had a formal resolution in the corporate records, from a few years earlier, that had authorized the increase of its preferred shares from 3 million to 250 million and its common shares from 997 million to 1,750 million, and this resolution was already on the books of the company, but had not yet been implemented. The Company indicated that it could still implement this already approved corporate action at this time without the long delays of calling a special meeting of shareholders, a process that would typically have taken 60 to 75 days... or more.
It was explained further that the Company really did not need to increase the authorized common shares at this time, and will continue to repurchase common shares as stated in earlier news releases. The Company made it clear that they could not break the resolution apart and only increase the preferred shares. It was a decision to implement the resolution in full or not at all.
Paul Alonzo, President and CEO of Phoenix Associate, stated, "While I know that some may be concerned about this increase in our authorized shares, in the end it is not the authorized that really matters, but the issued shares, and in this regard, this corporate action has not caused any new shares to be issued." In addition, Mr. Alonzo stated, "The ultimate goal of Phoenix management is to grow our Company's revenues and profitability quickly, to become fully transparent to the public, and thereby maximize share value for our shareholders."
Mr. Alonzo commented further, "We have made the decision to make the full capitalization structure of Phoenix public very soon so as to set shareholders concerns to rest."
Posts: 6397 | Registered: Jan 2006
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posted
There you have it, 2 PR'S. I will certainly be glad when that last sentence happens. Many people will be very pleased if they finally do follow through with Ungagging the TA so to speak.
Posts: 539 | From: BIG D | Registered: Apr 2005
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posted
FWI: If you want to find out the A/S, O/S and float, call Mike, he will tell you. All this stuff about having a gagged TA is not really accurate. It's not that they don't want the shareholders to know that info, they just want people to through Mike, not the TA.
I guess this could be troublesome if you thought Mike was lying, but he gave me that info the first time I requested it.
Posts: 1351 | From: Phoenix Az | Registered: Nov 2005
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quote:Originally posted by Katrina7: FWI: If you want to find out the A/S, O/S and float, call Mike, he will tell you. All this stuff about having a gagged TA is not really accurate. It's not that they don't want the shareholders to know that info, they just want people to through Mike, not the TA.
I guess this could be troublesome if you thought Mike was lying, but he gave me that info the first time I requested it.
Cool so what did he tell you the OS and float are
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
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So if they don't want people to bother the T/A or Mike why don't they just post it on there web site like some companies do?
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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That last line was the only meaningful line in the pr. I was hoping to get that opened today, but it should happen within a week or so. THANK GOD!
posted
Bond, I don't know why they won't make it public on their webswite. I urged him to do that. Didn't I Pm you that info while ago? You want to post it?
I am not getting in the middle of this. I have posted OS's before and been called all sorts of names--basher, pumper you name it.
I urge you to call Mike and ask him these questions. Like I said, he answered me the first time I asked. I would feel better for you to get that from the horses' mouth. I do not want to be an intermeidary here.
The last time he gave me that info was two months ago, so my info might not be accurate, and I dont want to make a false representation.
Posts: 1351 | From: Phoenix Az | Registered: Nov 2005
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Katrina...my pm is not working..boar member deactivated me.
Anyway yeah I was told "well under 800". I did my own figuring for the float and come up with around 300. However if you add in the addition of some very strong longs I would put it under 200 Million.
posted
It seems to me if the OS and float would be concieved as Good News then is would be published What is the Motivation to "Gag" it Enquiering minds want to know
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
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real..we are going to get a "real" answer very soon. Mike said the lawyers were looking it over.
Apperently the TA was gaged because they were being harased! Yeah right..I don't by it either. We will have to wait and see. Thus far Paul has my trust.
posted
This number that is being thrown around buy Mulshine is the same number they have been using for the last 4 months Just under 800 million O/S with the float aprx.350. million
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Im leaving today to spend 2 days in a casino in Nevada. I wont have my computer so I will leave all my shares to you guys and gals Make me richer
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
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posted
Yeh,Bond,considerably higher than it was at the end of '05. They had 250 mil A/S at start of '05, went to a billion mid year,helped keep the pps killed. As for the lawyers,yeh,been there,done that. Just smoke. Need to see how far they can stretch the truth. Any way you cut it, A/S is 2 billion.
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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bond with all respect to Mike it was about a month ago when I got it. I do all my figuring with 1 Billion....still seems undervalued. We will get the share structure soon, and hopefully we get some real numbers in the next couple of months.
quote:Originally posted by bond006: SandGravel called and talked to Mike today this is what he said.
Posted by: sandandgravel In reply to: hitemp who wrote msg# 7764 Date:12/19/2005 6:35:59 PM Post #of 7785
Spoke to Mike today.I was told the management approved another billion in A/S but had to take it back because they dont have a majority of shares and they couldnt do an increase on their own.SO IT MEANS THEY TRIED BUT DIDNT GET IT..They will need share holder vote to increase A/S now.I was upset at my take from conversation that the float might be equal to or greater than 500 million.Again Mike is as appraised of going ons as us.Again this is my take from the conversation,so anyone is free to call Mike
Seems a major contradiction here. Were they lying then,or now,or both? Then: O/S 346,560,260 shares float approx 159,000,000 I was asked to "prove" they were diluting some months back by someone. Guess they have their proof now. Smart move. .03 buyback to keep pps from crashing. Do whatever the H you want to do. Just dont see how .03 can be supported now,after the "buyback" is done.jmho
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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