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Non-Tech : PBLS - Phoenix Associate Land Syndicate, Inc.
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From: grizzy9/20/2005 12:55:37 PM
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company profit taking? newbie question: given the enormous demand likely being placed on Phoenix at this point, is it possible the company dumped a bunch of shares to fund the new demand and once the contracts are in placed and funded, the company will start to buy back shares? This would give the MMs an opportunity to do their MMing, assuring that when the company buys back shares the price will be cheap. The CEO did thank the investors for helping with the Katrina effort, afterall...perhaps the real thanks will be a couple months from now when the numbers come out (and I suspect they will be big)...
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