Shares of Phoenix Interests Incorporated are a hot item in the small cap market today, up an impressive 144% with close to 10 million shares changing hands in the early morning. At the present time, the share price is trading at $.022, which is an impressive gain of $.013 in the first two hours of trading today. The value of shares for this business development company finished last week off with a strong showing on Friday. On that day, the market closing price was $.009, up from the opening value of $.004.

Market sentiment is high towards Phoenix Interests even though there has been no press releases issued by the Company since January 27, 2005. The announcement made on January 27 was in regards to an annual income statement for the 2005 financial year.

There is a new board under the new symbol.

PXIT

http://www.investorshub.com/boards/board.asp?board_id=5087

Smithasd

somebody needs to tell whoever to change this forum to pxit. For example clicking on lvl 2 gets you no data unless you change the stock field from phxi to pxit. Normally when he changes it the links move with it.

cscott--------funny
lol

wow - something is brewing. I wonder what is going on and how long it will take jim to fuck it up. lol.

According to the info from Reuters BridgeStation, PXIT has an O/S of approx. 19.9 million shares, making its market cap at the current price a pitiful 59.7k.

In the last 10-q, the company owned Online Enterprises (an online gaming company) which was valued at $164,790. Therefore, the company should have a minimum value or market cap of at least that, This would be about .009 for each PXIT shares, a triple from the current price of .003. Even that will still be "cheap."

Any recent info on PXIT? Looks extremely cheap here market cap wise...

That's true. The question is 'what is the networth of barn66.com'? Since Tilton never reports anything in his reports, the answer is the moment is zip.

Until this guy starts to report the real activities of his holdings, the stock is worth nothing, absolutely nothing. And, I can't see any reason why he has not started reporting, but he is trying to evade paying taxes.

Isn't a holding companies networth equal to the value of the subsidiaries it owns?

This stock has turned out to be an absolute joke. I can't believe SEC would allow it to be even traded at all. Although it files 10Q, 10K, etc, the reports say absolutely nothing except zero revenue. But then, the company periodically puts out fluffs about how great its wagering subsidiary is doing and raking in record wagers.

This company is worse than even a pinky.

Yeah I was curious about that too - why does the symbol keep changing?

This stock has handed me my ass!!! I really learned a big lesson about investing $$$$ into a tiny little penny stock. I have litarally nothing left to do but to hang on and hope that eventually it goes up a little bit and I can get something out of it. Right now I couldn't even pay my heating bill with it. I wonder what ever happened to Betty? What are the numbers at betbarn 66 like?

What a nightmare!!!

How many times does dear ole Jim plan to change ticker symbols?
In 2004, it was changed from TBRE to PHXI, now 2006 to PXIT.
What the heck is up with THAT!
cheeri

all depends on dilution plan and company cant be so stupid as to start heazvy dilution with a 100k market value. they can get more for there shares and they should know it.

True and the shr count is low but usually (but not always) share price after a R/S come cascading downward.

no idea. they opened wya lower then they should have. that os is current as of today. any otcbb under 100k is goldne generaly.

They just did a R/S up from a triple zero stock...
How long before it comes back down?

shs decreased by 1 for 50 split
Ex-Date:
Record Date:
Pay Date: 2006-01-25

pxit. 33,176,957 os - market value $99,530 10:40 a.m. CST 1/26/2005

SYMBOL CHANGED FROM PHXI TO PXIT

Smithasd,

LOL, I suppose that would be the best thing to do. But this is 2006 now, it is possible that the dilution could stop mid year & the PPS, raises, That is if this company is ligit of course.

GLTA,

" If you bought in at a high PPS, your best bet is to wait til all dilution is completed & sell when PPS raises."


Your best bet is to sell this dog and recoup something in a tax loss...

Smithasd

cscott,

On 12/08/05 when you posted your message there were 106,989,343 shares trade, the problem is that the company financaires are cashing in their convertable debuntures, which translates into dilution of the outstanding shares,thus the PPS, lowers as a result.

how do I know, click on this link then click on the 10QSB,10KSB,10Q filings as far back as you can 8/26/03 then work your way up to present date,then scroll down to the outstanding share amount. If you bought in at a high PPS, your best bet is to wait til all dilution is completed & sell when PPS raises.



http://www.pinksheets.com/quote/print_filings.jsp?url=%2FResults.asp%3Fcriteria%3Dticker%255Fsymbol%....

.0002 - you gotta love this gem. I have googled BETTY a whole bunch of different times and different ways and can't find anything about it. You would think they would at least post a picture of it somewhere - or some details about where they are. Anybody else try to find something?

Unreal, they diluted even more.

They haven't released the report yet, but it must not be good since we are down to $0.0002 again.

I don't understand this stock at all. But, something just seems fishy, to keep reporting $0 revenue??????

cheeri

What I actually figured out is that the horse wagering, though producing revenue, continues to lose money because each of his 'ad campaign' costs arm and leg. Therefore, it may be better off for him not to discuss any of the wagering activities in the quarterly reports. The insiders especially the lenders know this. And, that is why the pps continues to drift down in the midst of Tilton's fluff prs.

I really couldn't see any reason why there has not been a paragraph or two of the management's discussion in its quarterly reports.

Good luck to us longs. I think we need it.

I have not followed them much lately, but isn't PHXI just a holding company that owns the different subsidiaries? If that is the case, the holding company does nothing but lose money and shows no income until its subs are profitable.

HomerRomer

Exactly Fish. I don't understand why he has reported $0 revenue as well. I can see reporting $0 net revenue, but not reporting no revenue at all. It would seem to me that as long as ONE bet is made, they are making revenue.

I just don't get it. Also, if they are making some revenue, yet reporting no revenue, isn't that illegal? Wouldn't that be the same as doing the opposite and reporting false pumped up revenues?

The reason is obvious: fluff prs are not matching what's reported in the SEC filings. This company needs to start reporting the 'good news' in its filings to gain legitimacy. I'm as frustrated as anyone. What I don't understand why Tilton puts out all these good news, but continue to report zero revenue in its 10-Q for three quarters now. People are asking if wagering business is doing so well, why the 10-Qs are empty?

This is one very frustrating stock to watch. I have learned not to get excited by ANY of its prs.

The thing I still don't understand about PHXI is no matter how good of a press release we get we never seem to move. How can a company give good news and no one care at all?????

Phoenix Interests Account Wagering Site, BetBarn66.com, Shows Continued Improvement In Results; November 2005 Handle Up Over October Totals
12/8/2005 9:25:01 AM


JEFFERSONVILLE, Ind., Dec 08, 2005 (BUSINESS WIRE) -- Phoenix Interests, Inc. (PHXI) announced today that BetBarn66.com, the account wagering site of its wholly owned subsidiary, Online Enterprises, Inc., continued to show progress with increases in total and daily average handle.

November handle totaled $102,839.90, with a daily average of $3,428, representing an increase over October's total handle and an increase in daily average of nearly 4%. These increases over October are particularly impressive when considered in light of the following facts:

-- October featured the site's single largest day yet, October 29th;

-- October featured a major racing event -- the Breeders' Cup -- as well as several prep races early in the month;

-- October has one more day than November;

-- BetBarn66.com undertook substantial marketing initiatives in October in connection with the Breeders' Cup; and

-- Due to the Thanksgiving holiday, fewer races were offered in November than in October.

In November, the site placed a media buy in a core market, but due to forces beyond the site's control the vast majority of the ads did not run, resulting in a refund to the site. While it is disappointed that the advertisements did not air, BetBarn66.com is extremely encouraged that it was still able to top daily average totals and monthly totals from the prior month, when substantial marketing campaigns were active.

The site used its proprietary email system to communicate with existing and potential customers in the site's database. A primary element of the daily communication is the Guaranteed Ticket promotion, which provides new customers with a guaranteed winning bet on the day they open their account. During the month of November, the Guaranteed Ticket returned profit of nearly 12% on combined wagers for those players making the bet daily. In addition the site had BETTY wagering kiosks in place, enabling the site to reach new customers and increase handle. The preliminary results have demonstrated that customers enjoy using the BETTY wagering kiosk and being able to wager from a restaurant.

Jim Tilton, Phoenix's CEO stated: "We had extremely high expectations for the Breeders' Cup, and our performance outpaced even the most optimistic projections. Heading into November we redoubled our internal efforts to continue the progress achieved and to avoid a drop off. That we were able to move forward across the board is a testament to the quality of the experience and service we are providing to our customers. We look forward to continued success and growth in customer acquisition and handle, and we are hoping for a strong finish to 2005 and even better results ahead in 2006."

All account wagering activity on www.BetBarn66.com is handled by AmericaTab, Ltd., a multi-jurisdictional simulcasting and interactive-wagering totalizator hub licensed by the State of Oregon. BetBarn66.com is a member of the AmericaTab affiliate system.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "soon," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Phoenix Interests' filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.

SOURCE: Phoenix Interests, Inc.

Phoenix Interests, Inc.
Jim Tilton, 502-583-4434


Copyright Business Wire 2005

You can gamble online if it is legal in your state. My state has racetracks, so to protect its interests, it does not allow online horse race betting. But, we also have Casinos and can bet online....go figure......lol
Cheeri

Does anyone know why the oustanding almost tripled in the past quarter? August 12, 2005 - 330,349,023 shares of common stock VS November 14, 2005 - 979,653,918 shares of common stock. With the recent news, if the outstanding didn't change by much...I'm in. Instead, I'm scared.

HomerRomer

How can you gamble online when it is illegal?

Posted by: stock190
In reply to: cargo_hauler who wrote msg# 465301
Date:12/2/2005 8:52:14 AM
Post #of 466384

PHXI 1/50 RS coming?

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001214827%252D05....

I think most of us are in at a price at minimum 10x higher than what it is now, so it is going to take a lot more positive PR to just get us to break even point.

I'm just hoping it gets close to where we bought in BEFORE the split.

I do agree we seem to be going in the right direction, finally.

Craig

I agree Craig. I don't know what has happened at the head offices at PHXI over the last month or so, but they seem to be doing things right! I can't wait for the BETTY to come out. I live in Maryland where slots are not legal and there are cherry master slot machines all over the place that people play "for fun". I can't imagine what a horse racing machine like the BETTY would do in one of those spots - where it was actually legal. There is so much upside to this - we could be in a really good position. I wonder when they will actually start rolling them out?!?!?!

What a great idea.

Tilton knows that the meat of his future revenue is the gaming side, so why not let people list their horses for free? By doing this, he will have an entire advertising pool of sellers and buyers coming to his site (since it is free I would anticipate that they will start coming in droves), and at the same time, advertising the gaming side to this target audience.

Very good move in my opinion.

Craig

11/28/05 Press Release

Phoenix Interests Announces That Its Online Thoroughbred Listing Site Offers Free Listings

Barn66 provides free listings of thoroughbreds for sale

Phoenix Interests, Inc. (OTCBB:PHXI) announced today that Barn66.com, the thoroughbred listing site of its wholly owned subsidiary, Online Enterprises, Inc., now offers free listings to anyone selling thoroughbreds.

Barn66.com provides online listings, industry information, and account wagering for the thoroughbred industry. Visitors to Barn66 can customize the homepage by selecting news headlines on a variety of topics, local weather, and more. Barn66 users can buy and sell thoroughbreds and a wide variety of related products and services directly from one another when it is convenient for them. This listing service is combined with a sophisticated account wagering platform -- BetBarn66.com -- that allows wagering customers to watch and bet on races from 120 tracks year round.

Historically, the marketplace for buying and selling thoroughbreds in the racing and breeding industry has been at public auctions. Auctions are scheduled at certain times of the year to sell a specific age or gender of thoroughbred; with sales of two-year-olds being held in spring, sales of yearlings occurring in the summer; and sales of broodmares and weanlings occurring in the fall. This system precludes, for example, an owner selling a broodmare in March. And public auctions can be extremely expensive, with registration fees of up to $1,000, auction commissions of up to 5%, and consignor commissions of up to another 5%. These fees are incurred even if a horse does not sell at auction. Now, sellers have access to a free and easily accessible year-round market with Barn66.com's free listings.

Barn66 does not charge a commission to buyers or sellers. Providing a completely free listing is a radical change to the industry. While there are other listing services in the industry, they typically charge over $100 per horse listed, and some charge a commission. Barn66's free listing service allows sellers to get products and bloodstock in front of buyers at no cost. Buyers can contact sellers directly and negotiate a purchase, all without any fee or commission.

The substantial growth in traffic to the site, the large number of listings that have been added in the past year, and the ongoing and dramatic growth in the account wagering portion of the business have all contributed to Barn66 being able to offer this service. James D. Tilton, Jr., Chairman, CEO and President of Phoenix Interests, stated: "Barn66.com has seen continued and substantial growth since the first of the year. We have had a wide range of buyers and sellers using our site, with listings coming in from individual sellers, those who have been unable to find buyers at auctions, and top consignors listing full consignments for public auctions. We continue to strive toward our goal of giving customers the best and most efficient online experience; providing to free listings is simply the next step in that process."

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "soon," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.


Phoenix Interests, Inc.
Jim Tilton, 502-584-4434

more good news. traffic traffic traffic!

What I would really like to know is:
When is the Betty actually going to be in use?
What platform will it use (betbarn66) ?
Where are they going to be placed?
How many accounts does betbarn have now?
What does it look like? I wish they would post a picture or creat its own site.

Those would really make me feel even better. The last couple weeks has certainly turned my thoughts around about PHXI. If we keep moving in this direction of doing things right we could have a real winner after all. I would love to see it move up to a few pennies before the RS.

I just dont think word got out yet-----
this is without question GOOD NEWS

this is what I don't understand about PHXI. Today we got a great PR with huge potential. Why didn't the price move a bit and we had very low volume. Can't figure it out.

Wow - Jim actually did something right. This could be very exciting. I hope they go into a bit more detail about how it works and where they plan on putting them etc. in the near future.

Sounds very good in my opinion. Wow, there may actually be a positive return on this stock still. Of course, it is still way way down the road.

Craig

GOOD NEWS IN MY OPINION!!

JEFFERSONVILLE, Ind., Nov 21, 2005 (BUSINESS WIRE) -- Phoenix Interests, Inc. (PHXI):
-- Phoenix Interests's wholly owned subsidiary, Online Enterprises, launches BETTY, a patent-pending wagering kiosk that brings legal U.S.-based pari-mutuel wagering to public facilities without the need for a gaming license
Phoenix Interests, Inc. (PHXI) today announced that its wholly owned subsidiary, Online Enterprises, Inc., has exclusive marketing rights to its new patent-pending pari-mutuel wagering device, a state-of-the-art wagering kiosk known as BETTY. This device has the potential to dramatically extend the reach of pari-mutuel wagering in the United States, in that it uses technology to deliver horse racing and pari-mutuel wagering directly to consumers in locations that do not have a gaming license.
According to a survey conducted by ESPN, interest in horseracing among sports fans grew by nearly 20% between 1999 and 2004. And the growth in 2004, an impressive 5.1%, was the highest of any sport polled. But access to the sport has previously been limited, in that fans of racing could only watch races and wages at racetracks, casinos, and off-track betting parlors. Phoenix Interests anticipates that the launch of BETTY will lead to fans and those who wager on horse racing being able to watch live races, access handicapping data and replays, and of course place wagers from thousands of new locations. BETTY kiosks could be placed in restaurants, bars, retail locations, and other establishments.
Jim D. Tilton, Jr., Chairman, CEO and President of Phoenix Interests, stated: "The launch of BETTY represents the next step in our growth, and we are excited to bring this device to market. Not only does it represent tremendous opportunity for us, it also offers substantial growth for the horseracing industry as a whole. We had a soft launch of this product leading up to Breeders' Cup. We are looking forward to a national rollout of this product in 2006, and our goal is to have in place 1,000 units by the end of the year."
Phoenix Interests expects that the ability to wager on horseracing in locations that traditionally do not offer wagering will impact all aspects of the industry. BETTY would deliver the excitement of horse racing to new customers in entertainment and retail locations they already visit, resulting in an increase in the number of active customers for the industry. The resulting increase in wagering would benefit the wagering company handling the wager, the racetracks hosting races, and horse owners and jockeys. BETTY's patent-pending technology and business methods when combined with existing wagering options would provide customers an easy-to-use product in a safe and tested wagering environment.
When full-card simulcasting became available in 1988, bettors moved their wagering dollars in droves away from live racing and to simulcast races to the point where in 2002, when total handle topped $16 billion, less than $2.5 billion was bet on live racing, down from a high of $11.2 billion in 1980. In 2004, according to numbers released by the National Thoroughbred Racing Association (NTRA), total handle on racing in the United States was $15,091,778,827 in 2004, a slight decrease from 2003 levels. There have been additional declines in total handle in both the 1st and 2nd quarters of 2005.
The trend of declining handle is not industry wide. Alternate and non-traditional pari-mutuel wagering outlets have seen dramatic growth and now account for more than 20% of all handle, according to the NTRA. This underscores the opportunity that exists in the marketplace, and the BETTY kiosk puts Phoenix Interests in a good position to capitalize on the growth experienced by this area of the market.
Tilton added: "The BETTY kiosk could bring the kind of increase in overall handle and wagering opportunities not previously seen in the marketplace." Online Enterprises is currently exploring partnering with other companies to maximize the potential revenue and expects to see increases in revenue and from wagers processed using the new product.
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "soon," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.
SOURCE: Phoenix Interests, Inc.
Phoenix Interests, Inc.
Jim Tilton, 502-584-4434

Not in Siri anymore, I invested in Oil and energy.
Cheeri

Cheeri -

are you still in SIRI? I hope so, at least we can make some $$$ there!!!

sp

still here, still shaking my head, still hate looking at this symbol in my portfolio....but, I am still here ;)
cheeri

nope!

is anyone still here?

I have absolutley had it with the incompetence of this stock! Did you all read the latest press release? First of all - it was a positive press lease. BUT
1. WHY THE HELL DO YOU PUT OUT A GREAT PR ABOUT YOUR COMPANY ON FRIDAY NIGHT AT 4:15 AFTER THE $(*&(#$%&(#&$#(!@ STOCK MARKET HAS CLOSED????????????????????????

2. JUST SAYING "WE DID GREAT IS NOT ENOUGH" - How many new accounts? How much handle? etc.

There was ZERO information in that release. God I wish I could get out of this stock before it kills me!