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.... 2.5 million shares of restricted common stock of the Company at $0.05 per share.
I think this is an important piece of the press release. This deal wouldn't have happened if this stock isn't going to go to .05 in the near future IMO.
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I think we'll continue to establish ourselves at a new base and continue this upward trend. This won't be a PGPM, but hold onto it until the June 8K (by which time I think we'll easily see .08 -.10) and watch this shoot sky high with the press release that the CEO says "is exactly what investors want to see."
PBLS will quietly make us all very happy.
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It will be great to see pbls break .04 soon. I thougt that there would have been more action. But i'm still holding. looking forward to the coming weeks.
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If a person can't see what is going on here. Oil leases in four states,an oil reseller, drilling company all bought with a gravel pit sitting next to the biggest construction job in the history of the USA. Talk about a full monty this don't come but once in a life time hang on flip trade or what ever turns you on but make sure you have some set aside because it ain't staying at these levels for ever even though it seems like it
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Bond - I couldn't agree more. If you look at what this company is sitting on, it's utterly mind blowing. They are so diversified in everything from oil to natural gas, to mining, etc. and what people don't know is that much of what they've acquired was so recent that the revenues will show up sometime this summer. I see this thing slowly but surely creeping up, up and up. Probably over .15 by summer (June 30th - the BIG DAY). Do your DD and you'll see that this thing is going to absolutely skyrocket. As I said before, it won't be a PGPM, but it will make you a pretty penny.
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"If a person can't see what is going on here. Oil leases in four states,an oil reseller, drilling company all bought with a gravel pit sitting next to the biggest construction job in the history of the USA. Talk about a full monty this don't come but once in a life time hang on flip trade or what ever turns you on but make sure you have some set aside because it ain't staying at these levels for ever even though it seems like it "
Phoenix Associates to Acquire TCB Properties, LLC Wednesday May 3, 11:19 am ET
Expands Its Construction Division With the Addition of This Diversified Land Development and Construction Company With Holdings in Condos, Condo-Conversion Projects, Raw Land, and Natural Gas Wells
NEW ORLEANS, LA--(MARKET WIRE)--May 3, 2006 -- Phoenix Associates Land Syndicate (Other OTC:PBLS.PK - News) today announced that it has entered into a binding letter of intent to acquire TCP Properties, LLC, a diversified land development and construction company with holdings in raw land, condominiums and condo-conversion projects, and natural gas wells in Texas. ADVERTISEMENT
Paul Alonzo, President and CEO of Phoenix, said, "With all of our recently announced activities in the Oil & Gas sector, this acquisition of TCB Properties should remind our shareholders that we are a diversified holding company with assets and/or interests in sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries."
Mr. Alonzo added, "This acquisition is expected to close within 30 days, and will contribute to the growth of our construction business at a time when the Gulf region is going through what will be many years of rebuilding in the region, along with the continued natural growth of the area that was already in motion prior to Katrina."
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, LLC 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.
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Today is yet another example that the MM's knew beforehand a PR was coming out. They drove the price down from .038 to .031, got the cheap shares and hey, look at that, a PR...
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drtoez - I agree, this thing hit it's 52 week low at 0.022 and it's on its way up from there. Solid foundation, IMO. Very diverse. I'm going to e-mail the company to find out about my earlier question.
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Chicago pete, they are acquiring companies generally with restricted shares, preferred shares and cash. NO DEBT...........
Look at the PR of the 3 companies they just acquired and look at the PRS from last year. They will acquire with preferred and restricted shares and cash and will not go into debt to acquire.
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Ron Blackburn Elected to Board of Phoenix Associates Thursday May 4, 9:30 am ET
Brings More Than Thirty Years of Strategic Acquisition and Business Development Experience to the Company
MADISONVILLE, LA--(MARKET WIRE)--May 4, 2006 -- Phoenix Associates Land Syndicate (Other OTC:PBLS.PK - News), a holding company with assets and/or interests in sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries, announced today that, effective May 15th, Ronald L. Blackburn has been elected to its Board of Directors. ADVERTISEMENT
Mr. Blackburn, 59, joined Phoenix in January of 2005 as Director of Acquisitions/Business Development. Prior to joining the Company, he built a diversified career. His early business experience included nine years with General Motors, with five years at the Buick Motor Company as a Foundry Trouble Shooter, to be followed with four years at the New Chevrolet Nodular Foundry.
After leaving General Motors in 1975, Mr. Blackburn began his career of dealing with troubled companies starting with a pattern shop in Saginaw, Michigan and later purchasing a machine shop in Northwest, Ohio. Over the last twenty-four years, Mr. Blackburn has purchased many troubled companies which have included machine shops, woodworking companies, software design, air charter/air freight, construction window manufacturing, custom coating (paint) and anodizing plants.
Paul Alonzo, President and CEO of Phoenix, said, "We are clearly pleased with the strong impact that Ron Blackburn has had on the growth of Phoenix since he joined our team last year. His skills in the evaluation of potential acquisition candidates, and his ability to structure and close transactions that work for all parties are the best I've seen."
Mr. Alonzo commented further, "We are very pleased to have Ron join Phoenix's Board of Directors. His broad experience in acquisitions and business development will serve the Company well as it considers its strategic alternatives for future growth, and anticipates the needs of our diverse business holdings."
Mr. Blackburn commented, "I am very excited to be associated with a company that is so focused on rapid growth in the mining, construction, and especially the oil & gas sector. I look forward to this opportunity to contribute at the Board level and as a part of the management team as we plan for and manage the future growth of Phoenix."
About Phoenix Associates Land Syndicate (PBLS)
Phoenix Associates Land Syndicate (PBLS) is a public holding company, with over 5,700 stockholders, that has purchased motivated companies in order to enhance its assets and income basis. Since 1978, PBLS has developed assets and/or interests in sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries. For more information, visit www.pbls.biz
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Isn't crazy to have 3 Pr's in 4 days and have the pps go down. Especially when all these all positive. Paul and his people must be pulling their hair watching how this stock is being manipulate by the mm's
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quote:Originally posted by macdrsirules: Chicago pete, they are acquiring companies generally with restricted shares, preferred shares and cash. NO DEBT...........
Look at the PR of the 3 companies they just acquired and look at the PRS from last year. They will acquire with preferred and restricted shares and cash and will not go into debt to acquire.
JMHO
thx, mac - a much smarter business move, IMO. I would love to know the cash flow of this company, but can't find their financials on Ameritrade. Anyone know?
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