Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
FYI: a CEO who seems to have not held his professional obligations in such high regard.
thoughts?
http://abclocal.go.com/ktrk/story?section=local&id=5478707
Former Houston CEO indicted in stock scheme
(7/13/07 - HOUSTON) - The former chief executive of a now defunct Houston-based oil and gas company has been indicted on charges he devised a scheme to inflate the price and trading volume of his company's stock, federal prosecutors said Friday.
John N. Ehrman, 52, the former CEO of Rocky Mountain Energy Corp. is charged in a 13-count indictment with securities fraud and making false filings to the Securities and Exchange Commission.
Ehrman, of the Houston suburb The Woodlands, was arrested by FBI agents Friday morning and made his initial court appearance later in the day. His bond was set at $100,000.
His attorney, Donald Petrillo, declined to comment on the charges.
According to the indictment, Ehrman is accused of 10 counts of securities fraud for devising a scheme to inflate the price and trading volume of Rocky Mountain stock. He planned to profit by selling and directing others to sell and transfer shares issued under an obscure exemption to the registration provisions of federal securities laws, the indictment claims.
In the scheme, Ehrman allegedly signed separate agreements on behalf of Rocky Mountain to acquire small privately held oil and gas companies, or parts of the companies, in exchange for Rocky Mountain stock.
A Utah court issued orders finding that Rocky Mountain's plans to issue and exchange shares were fair to shareholders and owners of the acquired companies and did not constitute a public securities offering by Rocky Mountain.
The indictment alleges Ehrman caused Rocky Mountain to issue more than 46 million shares that had not been registered with the SEC. As part of the scheme, Ehrman caused Rocky Mountain to make false and misleading statements to the investing public, according to the indictment.
Ehrman allegedly received about $500,000 in proceeds from sales of Rocky Mountain shares during the scheme, which the indictment says took place between June 1, 2002 and April 3, 2003.
Ehrman also allegedly caused Rocky Mountain to not disclose to the public that the company issued tens of millions of shares of stock, which diluted the value of shares held by investors. Investors allegedly lost approximately $1.1 million during the scheme.
Ehrman is also accused of three counts of making false and misleading statements in reports and documents filed with the SEC.
He faces up to 20 years in prison and a fine of up to $5 million if convicted.
Ehrman's indictment comes after the SEC prevailed in a civil complaint it had filed in 2003 against Rocky Mountain Energy and several company officials for false and misleading statements they made regarding the company's business and its operations.
As part of the civil complaint, Rocky Mountain Energy terminated all business operations and had all of its corporate assets liquidated so that shareholders who had lost money in the scheme could be compensated, according to court records.
We will keep trying through all means and avenues necessary.
It's Sunday - try again tomorrow.
It is very hard to get ADMIN to respond to anything we have been saying lately.
Sure, Admin will change the name for you in a heartbeat. Just send Matt a private message - I bet he'd be happy to do it cuz then it doesn't look like a second Perihelion board.
POSTED DIRECTLY TO ADMIN:
Public Reply | Private Reply | Keep | Last Read Edit Msg (15 min left) | Previous | Next
Posted by: JHBEEBE
In reply to: None Date:7/15/2007 1:28:59 PM
Post #of 93852
Matt and Dave,
You need to read this. See below:
________________________________________
From: John H. Beebe [mailto:jhbeebe@msn.com]
Sent: Sunday, July 15, 2007 10:59 AM
To: 'David C. Porter'
Cc: 'dlm@beggslane.com'; 'Ed Villarreal'; 'mvarley@perihelion.com'; 'Frank Claycomb C.P.A. - P.C.'; 'lynn'; 'Brian Charlesworth'
Subject: RE: Nice work
Porter,
I know about Raging Bull and the Atomic Bob site. Your ARE connected with them. I did NOT plan on running ANY board. I created them and you broadcast it out, on purpose before the other person who was to Moderate the ability to replace me. Then you made a big deal about me posting as a PERSON, when I clearly have the right to Free Speech in my Personal Capacity, which I clearly stated like you do. Actually, I have more Constitutional Right than you do because you live in the Ukraine.
I created the Perihelion Canada site to do the same, and to prevent you and your associates from doing what you did at Silicon Investor, which is the “sister site” to iHub. I Formally am asking you to remove yourself as the Moderator of the Perihelion Global PHGI Board on Silicon Investor (SI) under the name aliasbyanonymous, or under any other alias you have there. Give it to Tim @ PQL. You are CLEARLY biased and it is a conflict of interest as a person who was formerly associated with the company, plus I don’t see any proper SEC disclosures that you were compensated by the company, as is required by law on the site you Moderate over there.
Taking advice from you is akin to drinking grape Kool-Aide flavored poison. You have already proven time and again your word cannot be trusted and what your true motives are.
John
To document Dave deleted the Perihelion Canada board and I said I did it not to be the Mod, had someone else lined up to do it but created it myself to prevent what you all allowed to happen with Porter & Co. being the Moderator with an agenda controlling it.
Dave told me to basically "go pound sand" in a response. Yet, you ALLOW this on SI, ShortsintheSand, aka Aliasbyanonymous" to Moderate the PHGI board at SI and delete us?
________________________________________
From: John H. Beebe [mailto:jhbeebe@msn.com]
Sent: Sunday, July 15, 2007 11:13 AM
To: 'John H. Beebe'
Cc: dlm@beggslane.com; 'Ed Villarreal'; mvarley@perihelion.com; 'Frank Claycomb C.P.A. - P.C.'; 'lynn'; 'Brian Charlesworth'
Subject: RE: Nice work
David Porter speaks CLEARLY with a FORKED TONGUE. David was paid by the company at one time, SEE ANY DISCLOSURE STATEMENT ON HIM? This is illegal! Notce how he considers his statements obviously not a conflict of Interest.
Total Posts: 23,702,605
Watchlist
Portfolio
PHGI Quote
Charts
Forex
Commodities
News
Toplists
Financials
Logout
Home
Forums
Hot
Mail (1)
SubjectMarks
PeopleMarks
My Account
Message Boards | Communications : PHGI -Perihelion Global, Inc. -- Ignore is Off
________________________________________
Top of Form
Public Reply | Prvt Reply | Mark as Last Read | File | Keep
Previous 10 | Next 10 | Previous | Next
To: rrufff who wrote (670)
7/15/2007 10:14:28 AM
From: aliasbyanonymous
of 696
I am very objective ruff.. I have a way to get to the truth.
I think when multiple company insiders take to posting on public message boards who have unsubtly received stock in one form or another without disclosing that information when they post is extremely suspect and has a conflict of interest.
Yesterday's activity cause a barrage of Internet scrutiny and attracted a whole new amount of interested investigators of penny stocks.
I don't feel it was in the best interest of the share holders and I don't think the company is listening to the majority of what the share holders are saying.
The company is under going steady monthly dilution and the price continues to crumble. One way of letting the company know our concerns is repetition on the Internet since they are so interested in monitoring what the public has to say about the company.
The company has no income and they do not file and accountability to the investment community.. Do they not know they don't have to be a reporting company to file report!
Honesty is the only policy that will build a successful business and that has to be driven in as many times as it takes to sink in!
-ABA shorts
Bottom of Form
________________________________________
Add SubjectMark | Hide Original Post | Show Chart | Poster Summary
Moderated By: aliasbyanonymous -- (Moderated) -- Started: 9/21/2005 2:05:06 PM Revision History
To: aliasbyanonymous who wrote (676)
7/15/2007 10:12:45 AM
From: rrufff
Read Replies (1) of 695
Is this a valid reason for calling a CEO "suspect?"
Perhaps you should call your Congressperson and lobby that CEO's should not be allowed to spend "time in front of a computer..." Perhaps the SEC should take note that CEO's are using computers????
You have to question what the CEO of a company with multiple divisions to his companies is doing spending that much time in front of a computer...
End
Matt & Dave
This unfair, discriminatory and what we consider illegal activity you are allowing. Please explain we have already copied this post and emailed to several news outlets and our legal counsel.
Public Reply | Private Reply | Keep | Last Read
great question...one example of the type material I'd be interested in reading...nice post.
John
There is a lot of controversy on the amount of energy it takes to create ethanol/bio diesel and the cost involved. What are your feelings on solar thermal for heating/preheating liquids, and photovoltaic or wind to produce some of the electricity needed to produce alternate fuels. In a state like Alabama where there is plenty of sun and wind could these be incorporated in a ethanol or bio diesel plant to offset the costs of production? In solar thermal the payback is between 5-7 years. As natural gas or LP gas price increase in the next few years the payback would be even less. Photovoltaic is somewhat longer and I am uncertain of wind. Thoughts?
Jim
Interesting suggestion. Maybe we can get ADMIN to change the name?
Really something to consider. thanks.
deleted several off topic posts. Please keep within the framework of THIS Board.
Really, why dont you get a life and wait for someone to call you on a Sat night. Some people actually have a life, maybe you dont...
I think he should call it the "John Beebe Blog" - without using the company name at all.
A Friendly reminder to all posters....
Posted by: JHBEEBE
In reply to: BuyTex who wrote msg# 22
Date:7/14/2007 4:00:56 PM
Post #of 74
On topic is responses to what my BLOG post comments are.
Posted by: JHBEEBE
In reply to: None
Date:7/13/2007 12:51:45 AM
Post #of 75
Perspective
July 11th, 2007 by John H. Beebe
I have been receiving a fair amount of feedback about my perspectives shared in this Blog. Some of the responses to my comments have been interesting to say the least. I do appreciate the feedback and your thoughts and comments. From my perspective, each new generation of Americans, and of humanity as whole is given the inspiration to take action in the face of the challenges of that time. I have started to outline ONE of the main challenges we face collectively, that of our nation’s energy dependence on foreign sources. One division of our company is focused on providing cost effective solutions to this challenge that will utilize our vast infrastructure already in place.
From a broader perspective, I believe that there are principals at work that we may or may not fully understand, but we have a “gut feeling” and instictively know them to be true on some level. These principals have a way of reshaping our thinking and in the process they reshape our experience of the world, and what we perceive can be accomplished.
During Galileo’s time, the idea that the sun, not the earth, was the center of the universe (literally) almost cost Galileo his head. It is documented that as a result, Galileo was silenced and forced into obscurity for the rest of his life. Despite this, Galileo’s ideas and discoveries changed the way we all think about the world, and our very relationship to it. The very nature of these ideas and discoveries change each of us whether we fully understand it or not. The ideas that influence us today are no less revolutionary than they were in Galileo’s time. These ideas will create solutions that will cause a change of our way of looking at and working with our world, much like in Galileo’s day. Just look at what the Internet has done to change our world in less than a single Decade.
Like most people on this planet, I am neither a formally trained scientist, engineer or mathmetician. The understanding and knowledge I have of certain principals at work mentioned in the first paragraph would more aptly be described as “intuitive” and an ability to understand and comprehend certain future trends before they come to pass. The realization of these trends and principals currently at work in our world has caused myself and others to shift our perceptions. This would be very similar to those living in the post-Galileo world who had to to shift their perspective of their relationship to the universe.
We are heading into new territory, where new solutions are being created that are intended to overcome the challenges we face in a rational, positive manner. You may agree or disagree with what our Vision and ideas are. Some of you have expressed scepticism (and even some hostility) at our company’s goals and our Vision. Looking back in history, this appears to be a natural reaction of some people. Despite someone’s reaction at the moment, I believe on some principal level, much as with our Founding Fathers Vision, everyone is coming to the understanding that the time for positive change is on our horizon.
Dudette
please take those questions to the appropriate board. Thanks
http://investorshub.advfn.com/boards/board.asp?board_id=4336
Dudette
Oops, sorry...more stock talk.
Yikes John, the more I think about it, the less successful your plan seems. Sure, you can have a bloggish-type board, but you chose to set yours up at Investors Hub -- a stock site. The only people here are investors and traders.
I don't think this board is gonna work out the way you hoped.
Why don't you just start a My Space account?
no stock-errazzi here, man
good post, though
heh. and that's even more narrow!
but it's also stock market related, albeit just the mechanics. maybe he'll perceive that as connected to his company, stock, etc., or maybe not?
now don't go getting all stock-erazzi with that phone number!
take care.
PS don't mess w/Texas.
he can write 5, 50, 500, or 5000 words that respond to my narrowly framed inquiry, or nothing at all.
that's entirely up to him.
and i'm not so sure that my question necessarily contemplates the stock market at all. in fact, the CEO of a privately held concern could also write his/her views on professional ethics, without ever coming anywhere near the topic of the public capital markets.
LOL, I already asked John what his passions are...let's see how he responds before you guys send him off writing dissertations.
His interests may NOT be about the stock market.
Excellent Idea! eom
you noted that you consider your professional responsibilities to be sacred.
based on that stated value, ethos, or however one would like to characterize it, i'd like to read an essay, musings, observations, etc., from you regarding the behavior (convicted and/or alleged) of former executives like Conrad Black, Bernie Ebbers, Ken Lay, Phillip Bennett, Joe Nacchio, various Rigas family members, etc., etc.
perhaps others might also want a window into your philosophies on that subject, in as general or specific terms as you might like to write.
tia.
PS sorry to see your supposedly "duplicate" board got the iHub axe.
yes, sorry - I just answered it where it was.
Sorry... back to "company" & "stock" stuff...
this really is off-topic here, as has been made clear today.
Can we please move company/stock stuff to the main thread?
Mr. Beebe...
I see your other two boards have bit the dust. Nothing unusual there. I was banned for one year from the SLJB board by Mr. Brown for referring to the resident bash krewe as "freaks" on the 5th of July during the mysterious 3 hour absence of said krewe during an OSC meeting. Being a Grandfathered Member *AND* paid Life Member of i-Hub, the irony is inescapable.
Conclusion: This is Mr. Brown's sandbox. His World...His Rulez.
e.g.; Bashing bashers is not acceptable here.
sorry...you're asking about the company.
Not allowed here.
btw? no plans, no blog, no connection to shorts/whatever SI alias...
All I asked about was this: How can a company set its own ex-date?
Mr. Bebee,
Submitted for your opinion
It seems there is a game going on and I feel that this board as well as others including the Admin here should be made aware of. It seems that TEX and Shorts and another poster have a Blog going on reposting the messages that have been going back and forth, They post with authority only to be seen as to what they really are.. Gad Flies IMO I hope Admin see's this post as I will as well forward this to them along with the SI board they are using to play their lil mindless games on.. Why in your opinion Mr. Bebee would someone want to tear down something GOOD for everyone involved? I ask you this on your blog here and pass this info to you so you can better qualify your answer. The plans seem to have been laid.. And now they lie in wait to jump.. Interesting... Please share your thoughts on this if you would like to, I would understand that you may choose to ignore such simple minded tactics.
http://siliconinvestor.advfn.com/subject.aspx?subjectid=56043
Huey
"I have already forwarded all of this and people's posts about me to my primary legal Counsel, David L. McGee about this."
Well, I gotta say - there's no case there. People have their First Ammendmant rights just like you. They can say what they want about you here, as long as it conforms to IHUB's terms of use. Should you decide someone has libled you, then maybe. But I haven't seen that yet.
So, what are your "passions"?
what happened? communication breakdown
Sorry Inn Keeper. Tex is right. That needs to stay on the PHGI board.
sorry, there Inn Keeper... off topic.
lol, I been through the wringer on that, today ;->
Mr. Bebee,
Amen! It is always a Breath of Fresh Air when I have the opportunity to meet someone that has a set of values that put family and self above all But God! Mr. Bebee you have no more to prove to me being that you have already set a rail and are following it to the end! Seems jealousy is a problem here for some. So many want to be or say they are.. But you as they say are a "Proven Man"
Huey
No problem. The fact that some claim that I am somehow to be prohibited from speaking, even in my PERSONAL capacity, and that I am a "loose cannon, nut case" if I do because my profession is a CEO torqued me way off. I will admit it.
I do care and I am very passionate. I care enough to fight for what I believe in. I have enough passion for what I believe in to stand toe to toe with those who are against us everyday for the rest of my life.
I have already forwarded all of this and people's posts about me to my primary legal Counsel, David L. McGee about this. David is a former United States Attorney and headed the US Dept of Justice's "Strike Force".
I promise you this, I will fight this one all of the way to the US Supreme Court if I have to. It is the principle of the matter. The US Constitution stands and we are Free like our Founding Fathers intended. Period.
I am open to thoughts and comments about following appropriate disclosures and guidelines as to distinguish me from my professional capacity. I feel I have clearly tried to do so. Maybe I can do a better job at that, and I am open to suggestions.
I hold my professional responsibilities as sacred. I do not wish to detract from any company I am involved with. I will fully honor all laws and the spirit of them.
However, I am a Person first and foremost, and I will not back down from a Personal capacity with respect to what are my God given Constitutional rights. I am not asking you all to agree, I am telling you I will stand for what I believe in.
Those of you who know me know that this is not a promise but a fact.
Well well - that appears to be quite new, doesn't it?
Subject Title Ticker Latest Post Posts SubjectMarks Mod? Bans Created Forum
Stock Manipulators 07/13/2007 12:32:08 AM 0 1 Yes 07/13/07 Web/Information Stocks
Perihelion Canada 07/13/2007 12:31:02 AM 0 1 Yes 07/13/07 Gold, Mining, and Natural Resources
I've never seen the alias that I remember. I can think of several who might be it.
Since no one can create a board here or SI without Admin knowing - Matt had to know there was a copy on SI.
That makes sense...
btw, to any of you guys who are familiar with the players and events--anybody recognize the nick "Visionary Wizard" ?
http://siliconinvestor.advfn.com/subject.aspx?subjectid=57213&ref=IH
It might make more sense to do both PHGIs on the PHGI board that we have left and add the scams/manipulators to this one.
I think Matt and Blue got together. They're both being way moe heavy handed than need be.
For John Beebe:
iHub has a thing about multiple boards - they want one board per topic. I figure that is about it. So enlarge the scope of those boards that remain to encompass all the topics of interest - the blog, the Canadian entity and the manipulators - right here. Put a bit in the blog about manipulators and invite a discussion...right here. Will it work? I do NOT know. iHub owns these boards, makes the rules and enforces them as they see fit. The ultimate editor.
John, I think you can do whatever you like here.
People respect someone who speaks their mind and believes passionately in his causes.
At the same thime, if they sense a person is doing that to try to promote his pubco, they will speak their minds too, and you'll likely end up with a board that is not what you intended it to be.
So I guess it's your choice, it's just that you may get a different outcome than you hoped for if you mix company stuff with personal reflections.
You do seem like an open-minded guy. Forgive me if I came on too harshly at first. Looking forward to seeing what becomes of this board, and to chatting with you :)
Andy
Your suggestions?
I am a Person First, CEO 2nd. Just because my profession is a CEO does not mean that my Personal Constitutional rights are stripped away.
I am also very passionate about what I believe in. I believe in this like I do the company that I run. I give it all 100% all of the time.
The is no SEC law or Regulation that says I cannot speak out Personally just because I am a CEO. I am not hiding under some alias.
However, I will listen to your suggestions and comments on this. THAT is what this board is about.
John
"I know the Overstock CEO has struggled with these issues, also...."
I talked to Pat Byrne of Overstock - he was very excited that we decided to list his short-selling interviews on our stock site.
At the same time, he cautioned me NOT to connect them to Overstock.com, as he did not want his opposition to the practice of naked short selling to be interpreted as a promotion of his pubco.
He was adamant that the two issues should NOT be connected, ever, especially under his name.
Smart man, Mr. Byrne. Good guy IMO.
gracious message: accepted
I'm responding in the open because I am an ex-reporter for major dailies who still freelances...disclosure and all. Not required, and anybody here can see posts to that effect, but I mention in the spirit of fair play.
Obviously, not a great day for you... And by the way I had nothing to do with those boards getting deleted, ie, no TOS reports, PMs to admin, etc... Again, just so you know.
As Serf alludes, you must be be starting to realize how thin the line can become regarding what you're trying to do here. That is, perhaps you have already considered it deeply, and now the "hurdles" are manifesting... It's obvious you're *NOT* trying to deceive in the sense of the organic grocery guy--even though he may not be in too much trouble...
Still, where do you draw the line? I know the Overstock CEO has struggled with these issues, also, as he attempts to run a widely known corporation on the one hand, yet pursue "naked shorting" as an individual who happens to be a CEO...
Is tough...I "get it."
Now, lol...on the *proper* forum, the Perihelion thread that Tim moderates, I *still* have an open question, addressed to "PQL." Last I looked a regular there seems to share my curiousity. Perhaps you can respond there, and we'll all move forward.
Best wishes...
This is a personal ‘blog’, and as such, is an expression of personal opinion. The authors and contributors to this blog may not represent the viewpoint of Perihelion Global, Inc or its shareholders.
In statements or references made to corporate actions, events, press releases, or other matters, the following should be considered:
(yada yada)
Wow, good luck with that.
No. Read the iBox if you need a description of this board and its topics.
Thanks
No, the forums for direct company discussion are clearly listed elsewhere.
This is for my PERSONAL comments and OPINIONS.
Admin is the ones who deleted the other boards where your questions had the forum to be answered.
Why don't you ask them about "Freedom of Speech"?
I am not hear to flame with you, so these are the rules of the board. They are clear. I am sorry if you don't like them.
If you want answers ask ADMIN to reinstate the others boards.
Think I'm starting to get calibrated...YOU can talk about the company, but not us'ns, lol...
"Perihelion Global was founded on a Vision that will continue to help America remain INDEPENDENT for future generations to come. We stand ready and willing to work and partner with Oil Companies, environmental groups and other entities that will help us to bring this Vision to fruition . . . ."
nice little "free-speech" gig you got going here...
Sorry Tex, you talk about the company on the PHGI board.
cool...so then we *can* talk about the company?
On topic is responses to what my BLOG post comments are.
OK, let's agree what's "on-topic."
I see this, bold my emphasis: This Board is for the PERSONAL thoughts and comments and Opinions of John H. Beebe, who serves as in a professional capacity as Chairman, President & Chief Executive Officer of Perihelion Global (PHGI).
The posts and opinions expressed herein are governed under "Free Speech" and do NOT necesarily reflect the views or opinions of Perihelion Global, its management or directors or affiliated companies.
Does that mean *any* mention of the company is off-limits?
[edit] Does it mean "free speech for the mod," but not contributors?
Followers
|
17
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
175
|
Created
|
07/12/07
|
Type
|
Premium
|
Moderator Eight Eagles | |||
Assistants |
THIS BOARD IS CLOSED
This Board is for the personal thoughts, comments and opinions of John Beebe and is used for descriptive and identification purposes only, not for investment related purposes. THIS IS NOT A FORUM FOR DISCUSSIONS RELATING TO ANY COMPANY OR BUSINESS. ANY SUCH POST(S) WILL BE DELETED. PERSONAL ATTACKS, OR ANY VIOLATION OF THE TOS WILL RESULT IN IMMEDIATE DELETION. The posts and opinions expressed herein are governed under "Free Speech" and DO NOT necessarily reflect the views or opinions of any company, management, directors or any affiliated companies. Nothing posted herein is intended to pertain to any specific company or business, or is to be considered as material, relevant or relating to any company. Nothing here is to be construed as investment advice. These comments are the PERSONAL opinion and perspective. This is an expression of personal opinion. Any authors and contributors to this do not necessarily represent the viewpoint of any company.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |