The tent still looks empty on the Cam.

The 200,000,000 new shares at $.005 is the $1,000,000 that they filed for.

Or did I miss something ?

I missed that part, EE

I don't find any mention of $40 MM in local tax incentives, there was a $24 MM bond financing agreement that did not go through.

The $40 MM was the price of the original Bio-Fuel plant.

So PHGI would have had to come up with the other $16 MM (at .0046 per share that would be 3,5000,000,000 shares)

Interesting, he was the asst moderator on the John H Beebe board

Common was reduced by converting them into preferreds at a 4 to 1 ratio(I think) So 100,000,000 common could be shifted to 25,000,000 preferreds and it looks like the share count went down. Then they can balloon out when (IF? ) they were worth something.

Since it is so easy to up the authorized count, the fact that we were pegged to the max common was really no issue or safety net as JB told many people.

http://www.secinfo.com/$/SEC/Name.asp?S=william+tay

With the history the company has, wouldn't it make it almost impossible to actually turn this company into a reporting company? There is a lot swept under the carpet with this many owners, splits, etc. How could somebody sign off on what liabilities may be hidden from incarnations ago before this management touched it. Let alone explain all the insider transactions with the co. It would be lots of explaining to do. As with the canadian dividend, it looks like there may have been an honest intention to turn into a reporting co, but just not the knowledge on how to do it. Maybe it will happen somehow by moving into a clean co, but wouldn't that have been easier to do in the first place? Shells do not cost all that much.

PQL

that's a pretty low bar. getting a couple million dollar market cap in the pinks is fairly easily - let alone if you actually have a viable business and revenues.

How are we susposted to know that PHGI has revenue and earnings if they do not report?

Not trying to be rude or anything, just a practical question.

PQL,

Can you get the outstanding shares updated also.

I guess the company will need to provide that info as new TA will not provide that info.

The all or none may have an impact on the order filling.

In the pinks and OTCBB the MM's don't have to have display customer orders like in the main NASDQ markets.

Dog, it was in the PR from the co:
company is now proceeding on completing the full assembly and construction of the refinery that was originally transported into Opp this fall. Perihelion management advises shareholders that due to contractor delays relating to the manufacture and construction of the building, initial production of biodiesel will likely be slightly delayed from the late December 2007 date as originally conceived. Construction of the site can be viewed live on the PeriheliBlog located at http://www.perihelionglobal.com/blog.

Do the preferreds not matter? JB has 100 voting control with his and the others are convertable to common at a 4 to 1 ratio (I think that is the ratio)and they have preference in dividends etc (per co PR).

How does dropping the AS make a difference? The OS is what has happened here.

This getting kind of old to keep glossing over this minor factual issue.

It is not positive or negative, it just is.

Dog, I don't think I said that these points were irrelevant - for a co wanting to be transparent I see very little.

We have not seen ANY financial information other than seeing that there 300,000,000 plus common share equivilent shares in the co.

We know almost nothing about what the co got for these shares.

With being a development stage co, I think that means that there are no revenues, so it is all a long shot bet.

A stock's price will move on information and we have PR's that talk about what is happening, but a slab poured in Opp is the only thing we can see. And no audited financials that show earnings. An assets value is in the ability to generate income. If and when we generate income, the stock price will move. That is what I am interested in, I assume that that is what all the other "longs" out there want too.

Per JB - Both Radio stations are operational and PHGI is managing the TV station. PHGI does not own the FCC broadcast license for the TV station at this time, but has plan to acquire it in the future.

(the ownership can be confirmed at the FCC web site)

It was reiterated that the broadcast division will be spun off as a seperate co in the future.

He indicated that this is the information contained in the PR's released and that this is not new information.

If anyone wants to do a tour, they are welcome to make the arrangements and have a hosted tour.

PQL - I tried to watch the YouTube videos linked above and they are locked. Can they get unlocked?

Thanks

I just saw that the cams were moved to not let us see the construction.

I wonder if they are digging us another 100,000,000 shares to secretly issue.

(that is a joke, so you don't need to flame out on it)

The point of a standard is so that users of the financial statements can compare information across companies. So if you try and project a price for PHGI in the future using dilutive shares and try and compare it with another company you'll be way off because NO ONE else uses dilutive shares to project the Price. So just make sure you compare apples to apples, that's what my point was.

If you want to do a comparison, you need to find other co's that have over half of their equity in the convertable preferreds.

PHGI shifted the common to preferred to somewhat hide where the equity is. They used the conversion ratio on the preferred's to have it appear that the common guys have more equity than they do. The Preferred's that JB has have full voting control and the preferred's have more equity than all the common.

Anyone who is touting the company only has 155,000,000 common is distorting what is going on here.

Most big co's don't have the level of preferred's like we have here (if any)so this an orange, not an apple.

The Nov 9th fining also has complete finanicals on RENOVO as of Sept 30, 2007. Over $1,000,000 payable to Carnes. Does not look like it is too "clean" with that there.

Has anyone been able to get on the Web lately? would be nice to be able to see when the building frame goes up

From a RENOVO SEC filing Nov 9th


Plan of Operation

Our original plan of operation was to position Renovo to provide complete loss management and restoration services to residential, commercial, industrial, and institutional properties. Initially, we were seeking to establish Renovo in the Florida market, with the ability to expedite the recovery process, with the eventual capability of responding to loss and restoration across the United States. However, as a result of our lack of revenue generation, we have not been satisfied with our business plan or original plan of operation. Therefore, we re-assessed our business plan, and we are aggressively seeking out other business opportunities in an effort to substantiate stockholder value.

In June of 2007, we entered into a non-binding letter of intent for Perihelion Global to purchase control of Renovo, from our sole officer and director and majority stockholder, Steve Carnes. As of the date of this filing, there have been no definitive agreements reached with Perihelion Global. If and when we enter into a definitive agreement with Perihelion Global, we will file a current report on Form 8-K.

If we do not successfully consummate the asset transfer with Perihelion Global, we will attempt to locate and negotiate with other business entities for the merger of a target business into the Company. In certain instances, a target business may wish to become a subsidiary of the Company or may wish to contribute assets to the Company rather than merge. No assurances can be given that we will be successful in locating or negotiating with any target business.

We are currently seeking to engage in a merger with or acquisition of an unidentified foreign or domestic company which desires to become a reporting (“public”) company whose securities are qualified for trading in the United States secondary market. We meet the definition of a “blank check” company contained in Section (7)(b)(3) of the Securities Act of 1933, as amended. We have been in the developmental stage since inception and have no operations to date. Other than issuing shares to our sole stockholder, we have not commenced any operational activities.

We will not acquire or merge with any entity which does not intend to provide audited financial statements at or within a reasonable period of time after closing of the proposed transaction. We are subject to all the reporting requirements included in the Exchange Act. Included in these requirements is our duty to file audited financial statements as part of our Form 8-K to be filed with the Securities and Exchange Commission upon consummation of a merger or acquisition, as well as our audited financial statements included in our annual report on 10-KSB. If such audited financial statements are not available at closing, or within time parameters necessary to insure our compliance with the requirements of the Exchange Act, or if the audited financial statements provided do not conform to the representations made by the target business, the closing documents may provide that the proposed transaction will be voidable at the discretion of our present management.


We will not restrict our search for any specific kind of businesses, but may acquire a business which is in its preliminary or development stage, which is already in operation, or in essentially any stage of its business life. It is impossible to predict at this time the status of any business in which we may become engaged, in that such business may need to seek additional capital, may desire to have its shares publicly traded, or may seek other perceived advantages which we may offer.

A business combination with a target business will normally involve the transfer to the target business of the majority of our common stock, and the substitution by the target business of its own management and board of directors. Our sole officer and director and majority shareholder is currently in negotiations to transfer his interest in Renovo to an outside third party. In the event such transaction takes place, it is likely our sole officer and director would resign his positions with the Company.

We have, and will continue to have, no capital with which to provide the owners of business opportunities with any cash or other assets. However, management believes we will be able to offer owners of acquisition candidates the opportunity to acquire a controlling ownership interest in a company with securities registered pursuant to Rule 12(g) of the Exchange Act. Our sole officer and director has not conducted market research and is not aware of statistical data to support the perceived benefits of a merger or acquisition transaction for the owners of a business opportunity.

BeBullish, I guess you didn't pass Accounting 101 in B-school on the calculation of fully dilutive earnigns per share.

All of the posters who are touting that the O/S shares are 155,000,000 and that it was a great thing to reduce the A/S from 20,000,000,000 are missing the really big point that the common shareholders only own less than half the company and that the less than half they own is subject to prior claims by the note holders and preferred shareholders, that is why they are called "PREFERRED". They get preferrence. Sure we don't know the exact terms but from the PR's they have preferrence in dividends etc.

It is accurate that we have 155,000,000 common shares outstanding and authorized.

But the whole story is that there are preferreds outstanding that are convertable into common shares.

The preferreds are convertable to common at a ratio mentioned in the PRs. if all were converted, they would be now about 365,000,000 shares.

Authorized shares would need to be increased to convert, but they represent value based on the common

The preferreds are shown on the ihub home page for PHGI

"What they "forgot" to mention was the fact that this occurred during the time when Perihelion was doing everything in it's power to reduce the inherited share structure. The A/S common shares wound up getting reduced from over 30 billion, down to where they stand today with an ungagged T/A at 155 million!"

How does a company lose value by reducing A/S shares?

All that means is that the authorized shares were reduced, outstandig shares were going up all year. What value did the company get for the additional shares outstanding?

The question on the radio stations was were they worth $1.2MM or even $600,000? We know what he paid for them. One is said to be on air and I think that I read that the other one is not on the air.

Does the note to the CO include a security interest in the radio stations? We don't know what the complete terms of the note are, probably not an unsecured note, but in any event it has priority claim on the co assets over any stockholder claim.

Thanks,

In having the this and the Vision Works conversion clarified, It looks like there is reason to keep PHGI a pinkie.

Just about out of posts today, I guess I need to get a life.

Thanks again to AV and the Captain for shedding some light here

Thanks,

So there was a 10,000 R/S, then a 503 to one dividend

on 33,550,000 VWKM shares, there were 3,355 PHGI, then 503 div, there were 1,690,920 shares out.

Now there are 69MM perf c, convertable to 250+MM common and 20MM perf B owned by JB. 155MM common woned by us.

I would like to think that we got something from issuing that pile of paper.

We don't know at this point

Source on this?

Did he get $700,000 cash along with the note of $600,000

The combined acquisition cost for both radio stations was $180K. He owned them for a couple of years before he sold them to PHGI shareholders for $1.3 million. Good deal for the shareholders? Hard to say, I guess.

Question for board "How did he "sell" it to the company?
The radio stations are owned free and clear. Anytime you add an asset (than can be valued) to an existing entity, you have added value to the entity and also provided collateral which can be used to secure future funding, if needed."



Per the PR from JB.

"Has John H. Beebe sold the shares he received from the acquisition of the radio stations? (February 2007 acquisition)

No. Mr. Beebe received restricted shares for the radio stations at the time of acquisition. These shares were held in paper certificate form and were not placed on deposit with any broker or dealer. Subsequently, Mr. Beebe elected to cancel these shares and exchange them for a promissory note for $600,000 bearing 1% interest annum."

http://biz.yahoo.com/iw/070927/0308137.html

The question is did PHGI pay FMV for the stations, in a google search on the stations, on some radio blog posts, it indicated that had been tring to sell them for far less than that and was getting no takers.

Again, no way for us to know that as we do not have any financials etc to look at.

If you go to the FCC web site, JB has owned the stations for a while, first as an individual, then through New Mind somthing or other and through Beebe Broadcasting, LLC it is easy DD at the FCC web site

PQL, any help here?


For those of you that have been around a while,

Help me out here I can't find out some info about the origination of the CO.

It was Vision Works, then they did a huge reverse split, then JB got involved and there were new shares on the market.

Question is: Did the CO issue shares in an IPO at $.50 or so, or did the shares that are now trading come from somewhere else, like otherwise trading shares that were then sold for $.45 to the public from other shareholders that got them for $.01?

The question is really, did the CO get a substantial infusion of cash at the rebirth as PHGI, like $15,000,000 (say 30MM shares at $.50) or did shareholders get to sell the shares at $.45 and down?

This would help answer some questions about what kind of share the co is in and what it can accomplish

For those of you that have been around a while,

Help me out here I can't find out some info about the origination of the CO.

It was Vision Works, then they did a huge reverse split, then JB got involved and there were new shares on the market.

Question is: Did the CO issue shares in an IPO at $.50 or so, or did the shares that are now trading come from somewhere else, like otherwise trading shares that were then sold for $.45 to the public from other shareholders that got them for $.01?

The question is really, did the CO get a substantial infusion of cash at the rebirth as PHGI, like $15,000,000 (say 30MM shares at $.50) or did shareholders get to sell the shares at $.45 and down?

This would help answer some questions about what kind of share the co is in and what it can accomplish.

Any info on when we see a building in OPP?

kind of hard to tell how much mroe work is needed on the slab, Seems like is should be about ready to put the frame up. Should go up quickly once that starts

"IMO there is a lot more to the Beebe / Lewis relationship than meets the eye"

There seems to be a lot of that around here.

This is from the WKNI.net web site.

http://www.wkni.net/aboutus.html

About Us
WKNI TV 25
YOUR LOCAL INFORMATION AND ENTERTAINMENT SOURCE
What we do
PROVIDE FAMILY ENTERTAINMENT WITH AMERICA ONE NETWORK AND LOCAL NEWS WEATHER AND INFORMATION
Our business history
WKNI HAS BEEN ON THE AIR AS A LOW POWER TV BROADCASTING STATION SINCE JANUARY 1ST 2005. BEFORE THAT WE WERE A LEASED CABLE ACCESS ON ANDALUSIA CABLE COMPANY WITH A DAILY 30 MIN SHOW.

About our staff
WKNI IS OWNED AND OPERATED BY SILVERWINGS BROADCASTING INC.

What makes us unique
THE FIRST TELEVISION STATION IN COVINGTON COUNTY.




Privacy Policy/Terms of Service

If you called, then you could share with us what he said, then no one needs to call again and we can get clear nad find somehting else to chat about.

Which Mr Lewis?, There seemed to be two of them yesterday.

Did he give you any information about the management agreement and sale agreement that PHGI has said that it has for the TV station?

Is this a firm agreement, does it have a time table attached to it?

Any info would be appreciated.

EE, there were 2 posts claiming to be from the TV station yesterday, they seemed to be written in a different tone entirely, so I don't know if they were actually different people claiming to be the same person.

If you look at the PR's of PHGI, it is easy to see why people are concerned about the CO. You don't need to be a "basher" to have cause for concern, the company is doing a good job of PR'ing things that have not come to pass without anyone having to make things up.

PQL, If PHGI has issued press releases that indicate that they have a management agreement to manage and eventually buy a TV station, posts about that station are on topic to this board.

If a poster comes on the board claiming to be the manager of the station can come on the board and flame another poster why is the information about him and his relationship to PHGI and it's officers not on topic?

I used publically available information that poster TV25 provided to explore whether there was something more than an arms length transaction going on here.

The power of the internet is to be able to provide transparent information that may shed light on topics relevant to the company

What did they find, I bet it was pure gold and some uranium, when they got that excevated, there were 5 oil wells?

does anyone have the details of the initial capitalization fo the company? Is it back in post # 1 of the board.

PQL can you help us out here?

Q. How is PHGI TV in OPP like WCMA-AM, WTKN-AM and TV-25.





A. All of them broadcast commercial free