posted
Posted by: smoke548 In reply to: laptop who wrote msg# 15152 Date:5/12/2006 9:33:24 AM Post #of 15166
PHOENIX ANNOUNCES PLANS TO BECOME A FULLY REPORTING COMPANY
June 16, 2005 - COVINGTON, LA - Phoenix Associates Land Syndicate (OTC: PBLS), a holding company with assets in sand & gravel, soil products, land development, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries, today announced its plan to become a fully reporting company, a necessary step as the Company prepares to move from the pink sheets to the OTC Bulletin Board (OTCBB).
Mr. Alonzo, President and CEO of Phoenix Associates Land Syndicate announced that the Board of Directors made the decision to bring the Company into SEC compliance and to become a fully reporting company in accordance with the U.S. Securities Act of 1934 by mid-2006. To facilitate this achievement, Phoenix has engaged the services of Michael Raymond, Esq., with Dickinson Wright, PLLC, Counselors at Law of Ann Arbor, Michigan, as their SEC Attorney. Phoenix also announced that it has engaged the accounting services of Dennis Kowalski of Toledo, Ohio, thus assuring compliance with SEC and NASD regulations for a fully reporting traded company. In addition to Mr. Raymond and Mr. Kowalski, Ms. Patti Fischer, Phoenix's Regional Liaison located in Toledo, Ohio, will also be a member of the team that will bring Phoenix to fully reporting status with the SEC and NASD.
As a reporting company, Phoenix will be required to file annual reports on Form 10-KSB, quarterly reports on Form 10-QSB, and reports or unusual events on Form 8K. In addition, the Company will be required to solicit proxies for its annual meetings in accordance to Section 14 of the Securities Exchange Act of 1934 and other reporting requirements will apply to management shareholdings.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
According to asus and he asked the company this is why the t/a was gagged
Posted by: asus In reply to: spikerooman who wrote msg# 15139 Date:5/12/2006 6:36:00 AM Post #of 15166
spikerooman: The offical answers by the company are that the transfer agent (TA) was getting up to 250 phone calls per day and was threatening to quit. So instead of staffing up they just told him to stop talking to people. The other reason is that the outstanding share count was changing constantly throughout the acquisitions.
The company will release the info and make the company transparent in due time and on their agenda.
asus
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
An easier/better solution would have been to just keep the O/S updated on the web page....like OMOG.
"in due time and on their agenda."
I hope it's in their agenda to due it sooner as opposed to later. No matter I have done enough work that unless something changes drastically for the worse I will be holding for a long time to come.
I Live 35 minutes from Anne Arbor Mi. and 15 minutes from Toledo..
You want me to go pay a little visit to the team and beat some info outta them??? just kidding...
Posts: 3209 | From: poohville ohio | Registered: Apr 2005
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Hi evreybody I am like you guys I don't like being in the dark But I was lookuing for anybody who remembered and that is the only answers I have got from my fellow investors thought I wood share
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
maumee give me a few days I will collect my weapons and we will go together
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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See all of you later I have to meet with a prisoner at the yard on 24th and Van Buryen trying to get him in the program and half way house later
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
This is such tiny volume. I suspect 2000 dollars could run the price back up to .034. I have no worries with the current situation. Much lower and I am buying more tho.
quote:Originally posted by gnulnx: This is such tiny volume. I suspect 2000 dollars could run the price back up to .034. I have no worries with the current situation. Much lower and I am buying more tho.
Cheers.
this stock is so undervalued it's hilarious. how many pennies have almost zero debt.....? exactly. profits, profits, profits. this is not for those without patience, though.
Posts: 274 | From: Chicago, IL | Registered: Mar 2006
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I am usually pretty wary of holding cheap stocks long term, but PBLS is a true diamond in the rough so to speak. If even half of what the collective DD has turned up is true then this stock is trading over 30 cents.
Honestly I don't think making money gets any easier than this. It just requires patience...which is hard at times.
posted
We might end up holding pretty dang good today, a few weeks ago would have been different I keep looking for another "dip" and all I see is a mirror
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
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Was hoping to see EOD at .031 but ill take it...
No news this week seemed very odd to me, but one week closer to the end of the 2nd quarter!!
Posts: 381 | From: Cincy | Registered: May 2006
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Hey not bad all tings considered. It has been a bad couple of days for stocks in general. Lets just hope next week the broader market sell off stop.
quote:Originally posted by gnulnx: Yeah it's looking good thus far. PBLS seems to be a fairly stable stock as far as penny stocks go.
This stock has some of the most accesible DD out there. I think most of the people holding this stock are holding large, long positions.
This is good.
Exactly. I will continue to load up on this thing as funds become available. There is no safe bet in pennies, but this one seems strong and as the CEO said, this thing is incredibly undervalued at these levels. All it takes is a PR to put it on some new buyers radars and we should hit 0.05 in no time.
Have a good weekend, all.
Posts: 274 | From: Chicago, IL | Registered: Mar 2006
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posted
good thinking realperson we forget all the dd for a new person good site almost everything a person needs to know
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
Message list | Reply to msg. | Post new msg. « Older | Newer » By: PNEW122 13 May 2006, 10:43 PM EDT Msg. 49287 of 49288 Jump to msg. # My Version
I changed the ticker to PBLS.
About The CUSIP# and PBLS...
I believe that the Market Makers (MMs), while trying to keep an orderly market, have sold a substantial amount of shares in PBLS. The shares sold are believed to be shares that did not exist. This is thought to have been the cause for the decline in share price of PBLS becoming suppressed.
For those not knowing, a Transfer Agent is the Bookkeeper for a company and the middleman who monitors the bookkeeping process of a company’s shares. The Transfer Agent must square the books between its company, the Brokers, the Market Makers, and the SEC. If the company is its own Transfer Agent, then those responsibilities of the Transfer Agent resides with the company. Transfer Agents are not mandatory, but highly recommended to facilitate the bookkeeping process of a company's shares. This is important to know for later.
In taking this concept another step further for understanding, let’s imagine that you bought 500,000 shares of PBLS and the Float was gone. For what’s being insinuated by me, the Market Makers do not have shares to sell you because the Float is gone. What is thought by many to happen is that the Market Makers would sell you those nonexistent shares thus crediting your brokerage account the 500,000 shares you had requested, especially if this was a good client for that particular Market Maker.
Whenever a share is bought and credited to ones brokerage account, those same shares are not debited from the same computer system as the company’s Treasury. There are just too many companies out there to make all companies align to one electronic system right now. So the brokerage system is in a position to be manipulated.
The Brokerage Company you use for trading would be the one that has the electronic credit for those 500,000 shares. The money you placed in your brokerage account will be accounted for and wired as a credit from the Depository Trust Company (DTC) to the Market Makers. In-turn, then the DTC would disseminate those shares into your account. (I’ll talk about the DTC a bit later.)
When this happen, now there are 500,000 “nonexistent” shares that now “exist” to be circulated into the market because of all of this being done electronically. This result is what PBLS states as naked shorting or the selling of shares that had never “originally” existed from the company’s Treasury. This results in the price decline or low level price stabilization of PBLS from dilution of shares (that now exist) getting sold into the Float.
When the Market Makers do something in this nature, they pocket huge amount of gains from selling those shares that never originally existed. Something has to happen to force them to account for those shares. That’s why the CUSIP# must change. The new CUSIP# will be linked with the old CUSIP# by the name of the company first, the address second, and everything else third.
Each share located at a stock’s Transfer Agent (or the company with PBLS here) is tracked electronically by a CUSIP#. The stock certificate is a thing of the past. Whenever a CUSIP# changes, the Market Makers are required to match each share with the old CUSIP# with the new shares of the new CUSIP# for accountability purposes.
The DTC is the one who collects and disseminates the shares into your brokerage account. The information to make such happen is given to them by either the Transfer Agent or the company. In this case here, again, Transfer Agent have the responsibility to do such. So once Transfer Agent receives the new CUSIP# from the SEC for an already coordinated amount of shares indicated, they will send that info to the DTC.
Your Brokerage Company ultimately has the responsibility for squaring the amount of shares to come up with in your account with the MMs. If they have been shorted, then it’s up to your Brokerage Company and the MMs to figure this out for you to resolve any share discrepancies that exist.
Ultimately, with the assignment of a new CUSIP#, all of PBLS shares will be collected and redistributed under the new CUSIP# from the DTC to the Brokerage Companies. They must be accounted for. All of the old shares with the old CUSIP# will be swapped out for the new shares with the new CUSIP#. The MMs will have some serious problems, as they are aware of, if there are still some old shares with the old CUSIP# out there in people’s brokerage accounts awaiting to be swapped out for new shares with the new CUSIP#.
Here’s when it should start to get good. When demand is generated and there is not enough supply to fulfill that demand, then the Market Makers will be forced to entice selling by increasing the bid to create more selling than buying to keep from having an unbalanced share account for PBLS. It’s up to the company to generate demand and I trust that PBLS have done so and will continue to do so.
If buying is outweighing the selling then they must raise the bid high enough to force them to cover their short positions. This causes the Market Makers to chase the stockholders as opposed to the norm of the stockholders chasing the Market Makers. Personally, I don’t have anything against Market Makers because I under stand that they can sell shares of a stock they don’t own in order to make an orderly market. I think they have a limit for each issue of up to 10% of the stock’s Outstanding Shares. While some view this as Market Makers facilitating the market, many view such actions as manipulation and robbing from innocent investors.
As somewhat discussed earlier, the result would be investors complaining to their Brokerage Company. Then their Brokerage Company would be the one complaining to the DTC since the DTC was the one responsible for taking the investor’s money to give to the Market Makers to buy the shares with the old CUSIP# in the first place. The DTC will also have the same responsibility for making sure the same coordination take place for exchanging those shares electronically with the new CUSIP# with the Market Makers and placing those shares into investor’s brokerage accounts. Questions like, “Where are my shares?”
That’s why so many companies are so disappointed with the DTC today. Since the MMs are not forced to cover, the situation had never gotten corrected with many stocks. The OTCBB or OTC governing authorities can’t tell if a company’s stock have been shorted or not, since its all done electronically. The Market Makers and the Brokers are aware of these short positions though. Some companies are too.
They will only cover when they are forced to warrant accountability of those short positions. The responsibility of the monitoring of a company’s stock and making sure such short positions are resolved ultimately resides within the company first. If a company doesn’t take action to remedy their situation, nobody else probably will either.
I’m not saying that PBLS should be trading at $1.00+ or so, but I am just saying that this thing should be trading much higher than its .03 to .032 cents level that it’s at now.
With the situation at hand, I think that PBLS is about ready for movement. Most companies only talk about doing what PBLS has done. The information above is PBLS according to how I view what is happening as an opportunity. They are only my views that I was asked to share to help people see what I see and because I really do like PBLS. I hope we all become prosperous.
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Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
thats exactly what i tought too. theres no way with 100mil (or more) share buyback deal done, that price would still stay around 3 cents.
Posts: 287 | From: prague | Registered: Jan 2006
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