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What? You are giving me a headache...and my husband just hates it when I get those.
I want some of what you are smoking! :)
You're trying to make something that is simple very hard.
Well, the only reason we'll probably hear differently is only if the ones saying it have put a lot of money into foreign brokers hands to illegally short this stock.
And I don't want to hear from anyone that the above can't be done. I KNOW it can be done. I interviewed a prominent broker in Manhattan one time who told me in detail how it is done. It just requires money. Maybe some of those foreign brokers should be contacted and given more money NOT to short the stock. The brokers have usually been in Canada, but I'm betting that some are in Germany as well.
The nice thing about PHGI is this.....it has enough money behind it to weather the storm....and when those revenues start coming in.....and when the PPS begins to rise...well, I think that things will get very interesting.
Now that's what I call an update! Thank you very much Mr. John H Beebe!
How much more forthcoming and transparent can the man get?
So....because you've gotten burned before in the past...now you are really cynical and don't believe anybody.
Oh pul-ease....there's not a single one of us who have been in the market for any length of time who haven't gotten burned before. And any one of us could get burned again.
But PHGI is not going to be one of those times. At least not for those of us who have held on, bought more, and not sold.
For those who HAVE sold in the past week, well, nothing that I can say there. I understand the fear that can set in when a stock price is dropping....I've been there...done that. We all have. And many times, just like with those who sold Wheaton Minerals...it turns out that we wish we would've held.
card,
I agree that this latest quick plunge is definitely not fun and I can understand where it would be alarming...but in some ways...the fact that it's happened all within a week is somewhat reassuring to me.
It can go back up again just as quickly. I think that the merger is the key for news to begin to be released again.
So...we wait. Definitely not fun. But I was in a stock once where it just kept going down...and down...and down. And then, almost overnight, it started going up. And kept going up. And it had the best basher I have ever run across on that board. He was GOOD! I bet he got a bunch of people to sell.
But when Wheaton Minerals was taken over by Goldcorp, and then spun off Silver Wheaton, I bet those who sold were sorry.
Yep....along with several others. Did you notice that very last after-hours trade?
Well, that wasn't me, but it sure appeared to be somebody who grabbed a bunch of shares.
Well, I tell you what,
If I were the CEO, I think that I would think about suing at least a couple of you on here for libel.
Let's see....you're accusing him...in writing...of deliberately spearheading a scam for investors. You're accusing him..in writing...of deliberately lying to the investors. Those are pretty serious allegations.
And yet nothing fundamentally has changed with the company. The merger is still on-track....all the other projects are on track. From what I have seen, everything that the CEO has said he was going to do has been done. And yet it doesn't seem to matter what he says or does...he's still going to be called a liar....UNTIL the stock price goes up. And it will. And then I'll be curious to watch what is said then.
The merger will go through. The mine will be mined. The production at the biofuel plant will begin. Revenues will flow.
I've watched all this happen before with other stocks. Some, yes, have folded. Others were beaten down to under a penny and within a relatively short time (a matter of weeks) were over $1.00. I'm not forecasting either of the above scenarios for PGHI. But I've seen them happen.
Yep, I'd be watching my mailbox real closely right now if I were a couple of you. But that's just me.
Double E,
Those are some very good questions! Now I have been doing a LOT of reading and I have some theories I'd like to run by ya.
Unfortunately, I don't have time right now....might not even have time until this weekend....but at least it'll give you something to look forward to. :)
Double E,
Your spelling of "billions of shares" in German was HILARIOUS!
Thanks! I needed the laugh!
rruff,
THANK YOU SO MUCH for your detailed and quite honest reply.
I really, really appreciate it!
Good reading for all!
Guten Abend,
Wie geht's?
I noticed you posting on PHGI over on the German exchange - in German, I might add.
rruff,
There has been lots of talk about floats today, and so I thought I would ask your opinion on something.
We all know the term "naked shorting" i.e.-shorting shares that don't exist.
With the constant downward pressure on PHGI I am beginning to think that we're all seeing naked shorting in action....because there is no reason for PHGI to keep going down the way it has been. So....my question is....what difference does the float make if people are able to "float" non-existent shares into the share structure? And I've never understood how in the heck people can just create shares out of thin air anyway....
Is there anything that I'm getting wrong about this?
Thanks for any input and/or insight you can provide. Thanks!
Doggone,
Hey! Welcome! I was sure hoping that we would get somebody who lived in the area who had the initiative to make a few phone calls to determine that the plant is a GO!
From what I could gather, the town is still pretty excited about it too.
I just might have to take a trip down that way some day too. Maybe next Spring. I hear that the gulf shores of Alabama are really nice.
LOL!
Hey, of all the worries in my life, the SEC is probably one of the last items on my list.
But have you been reading up on all the federal tax credits that are being proposed and/or implemented when it comes to biofuels? There are plenty of them.
One that comes to mind is that really NICE credit when a person buys one of those hybrid cars.
So what I wrote is very pertinent to PHGI, even though it's the state of Alabama actually giving that particular $40 million credit. The Feds do want alternative energies developed and if you start doing some research you will see that there are all kinds of credits that are being tossed around. Which is why I got confused. That and the fact that I'm a card-carrying member of AARP....hey age has to have some advantages....it's so easy to get confused! :)
You wouldn't by chance be trying to seem deliberately obtuse would you? What you stated is not what I said at all.
But I'm just a poor little woman...so what do I know about such manly things as businesses and taxes?
Sigh....Life's just so hard for us wimmonfolk ain't it? LOL!
Thanks Bike!
GREAT RELEASE!
One of the reasons that I like John Beebe so much is that it's obvious that he really does care about the shareholders and really does try and answer our questions.
Notice that he mentioned Canada. Some here were asking about Canada and there you go.
I like this company. I really like this company. I'm not thrilled about the share price this week....but I really like this company....and the CEO!
PQL,
That is probably the best explanation of obtaining value in exchange for shares that I have read. It's much better then my apples and bags example.
If someone can't understand your explanation, then either they just don't want to understand or they are in the 25% group that I mentioned one time.
Where are you getting the idea that PHGI is having trouble raising the money?
All of my sources have indicated that PHGI has not had any trouble at all.
I assume that you HAVE called the correct people...such as the town of Opps and Taylor Investments- Yes?
LaRive,
Thank you so much...I'm just sorry that I got the Feds and the State of Alabama mixed up. I've just been doing so much reading on all of the tax credits that the Feds are coming up with for biofuels, that I was thinking that it was them who was giving the $40 million to PHGI.
Good thing I found out the error before the State of Alabama sent someone to "get" me. :)
But at least I got the $40 million dollar recoup on the investment correct. It's in the press release which states that additional financial incentives given to PHGI.
And the abatement on the property taxes will last for 10 years, excluding funds earmarked for public education.
One thing is for sure....I was impressed when I thought that it was the Feds giving the $40 million back in credits, but I am REALLY impressed when I realized that it was the state of Alabama instead. I mean, I don't think of Alabama as being one of the wealthier states and for them to give a financial incentive like that must mean that they REALLY want this refinery.
And lastly, just to be completely specific....it's not just the State of Alabama giving the tax incentives, but the City of Opp, and Covington County Alabama as well.
King,
Thanks, but I do have a correction to make. It's the STATE OF ALABAMA who is giving PHGI the tax incentives to recoup it's entire $40 million investment, not the Feds.
Either way, it's the same result....PHGI is being reimbursed over a 20 year period for it's investment in the plant.
And also it's property taxes are being abated for a while...which is also a good thing.
rruff,
Oh thank you so much for being on here. It is obvious that you are truly a pro on the stock market.
Now then, I don't claim to be a pro, but I do have a thought that I think is interesting....and one that I haven't seen anyone else mention.
Although today was not such a good day, (unless one bought at .011 as you did...congrats by the way), I still think that PHGI will do quite well...and one main reason is their "secret" weapon. And what weapon is that, you ask?
Ok, I have seen people ask just how the $40 million dollar plant is going to be paid for and where the money was going to come from.
Well, if you were a lender and the federal government said, "Look boys, we will foot the entire bill for the plant" would you worry much? I sure wouldn't and that's exactly what the federal government said.
Anyone notice on one of the press releases that the Feds are going to let PHGI recoup the entire $40 million dollars over a 20 year period via tax breaks?
Now let me tell you this....when Uncle Sam wants something to happen, the best way of making sure it does is to give financial incentives. Anyone remember the energy credit that was offered during the late 1970's? My goodness, everyone's mother and brother flocked to get storm windows, etc etc just so they could get that credit. Uncle Sam wanted us to conserve energy, and we did....all for the credit.
Now the Feds want to develop an alternative source of fuel. To help rid us of dependence on foreign oil. And who among us would disagree with that? And one way the Feds are going to make sure that it happens is via tax cuts.
So.....where is the risk to PHGI? Where is the risk to shareholders? The government is picking up the tab boys! And anyone who has done the least bit of DD knows that the plant is going to happen....so where's the worry?
Did anyone notice that present at the press conference back in July for the plant ceremony in Opp were not only the Opp town officials, but the STATE officials....and the FEDERAL officials! Now what does that tell you?
As rruff can verify, stock actions come and go...but eventually the truth wins out....(look at Enron...going up and up and up...all the while being a diseased fish). The truth will eventually win out with PGHI as well. And it's my very honest opinion that a lot of us will make a lot of money if we just relax and let events unfold.
So....those are my thoughts.
Well, with the price going down today, (with every other stock in the world going up after the Fed news-or so it seemed), it's nice to see those solid buys. Our turn will come.
I notice that in one of the recent PR's that PHGI is in discussions with a few mining companies on teaming up.
I would love to know which firms PHGI is in contact with and whether they are American firms or Canadian firms.
I can think of a few American mining operations out that way, but I think it's pretty much felt that the Canadian boys are the KINGS of the miners.
It'll be really exciting to find out which mining company gets the nod to come onboard with us. The mining world is a pretty small one and I'm sure that whoever is chosen will be one that I'm familiar with. I'm really looking forward to finding out. I know of one mining firm in particular who would LOVE to be a part of this.
I guess I'll have to wait and see.
I just don't understand. You live in the area and you drive by the site frequently and you are invested in the company and you're worried because you have seen any building going on.
But have you called the Opp Chamber of Commerce or CDG Enterprises to ascertain the current situation?
If there were no plans to build the plant then can anyone explain why on Aug 30th PHGI hired CDG Engineers (a solid firm with an excellent reputation) to help them build it?
Have you called Taylor Investments to check on the status of the funding?
And if you haven't, then why haven't you? You can't just go by what's on the construction site. I know personally of a store that had a construction site with nothing happening (or at least nothing that the eye could SEE happening)for over a year before the actual building started taking shape.
Have you noticed that CDG engineers has an ad out for at least 4 or 5 new engineers needed for their Andalusia plant (which is near Opp). They're asking for soil engineers and other types as well. Do you think that they might have a project they are working on?
If I lived in that area and I was wondering about my investment, I sure as heck would be doing all of the above. And I wouldn't just be calling. I would be dropping by in person to the various places I've mentioned above.
Perhaps some kind person who lives in the Opp area will do the above for you and report back their findings.
Meanwhile, just enjoy that pretty Alabama scenery as you drive to and fro.
bikerider,
Now this is the second time that you've had me laughing heartily as well. You think that my post cracked you up? I'm still chuckling over yours.
As far as pink sheet companies go, believe it or not, I've never put money on one before...not ever...not until PGHI..so I guess until now that's all they could do is to dream.
Gee, I kind of like being a dream come true! I wish more people would tell me that. LOL~
Have a nice rest of the weekend!
Why thank you gerlac. I appreciate it!
Thoughts on a Saturday night:
Reasons why I think that PHGI will succeed that have nothing to do with business.
1) Because of the name Perihelion Global. By choosing the name Perihelion (which means closest to the sun (or light), it seems obvious to me that John Beebe knows that one of the secrets to being successful is to concentrate toward the light...meaning, for example, to surround oneself with positive people who have a lot of knowledge in their field.
By choosing Global to go after Perihelion, it shows that he is thinking ahead positively toward the future. Names mean a lot. After leaving the Treasury Dept, I started a company with the name Pacific in it. I choose the name Pacific (even though I live on the Atlantic coast) because Pacific means Mighty, Majestic, and tranquil. I visualized becoming successful with a name like Pacific, and I did. And so will John Beebe.
2) Although from reading this board, I can see that there are a lot of naysayers, it seems to me as though the people who are more familiar with and/or who have actually MET John Beebe are passionately positive about his chances for success.
3) And the main non-business reasons that I think that PHGI will be successful is this.....because I like it and because I'm in it and because I know that it's going to be successful. It's as simple as that. When I have this type of feeling, I am never wrong. I am just soooo excited as to what is going to be happening over the next year. It makes it easy to hold through this stage....which is pretty boring with the PPS not rising. It's going to be soooo much fun when it does.
Ok, back to work for me now. Just thought I'd throw out some of the fun and the anticipation and excitement that I'm feeling. Things are going to be GREAT!
Ciao! And blessings to everyone who agrees with me! :)
Maybe I'm making this too simple, but it seems to me that with the 4,900,000,000 shares authorized by RNVO, that what would happen upon the merger would be a 10 to 1 reverse split which would bring the authorized share count down to around the same count that PHGI has as authorized which would make a pretty even swap.
And authorized shares are not the same as issued shares. Meaning that until a company issues the shares they have authorized, nothing much has happened.
Oh well, just some thoughts.
Great post HH!
I especially agree with the "Follow the light". I have tried to do that all my life. There really are dark forces out there.
Thanks HHughes!
I second your motion.
And also, I agree with the post you wrote wondering how anyone could even begin to think that PHGI could be a sham.
But then I remember the old saying that...."Twenty-five per cent of the people reserve the right to remain stupid." :)
For some people, nothing, but NOTHING matters but the share price. You can give them all the evidence in the world, but until the share price reflects that evidence they are going to remain skeptical. And so be it. Eventually they will see that you are right. Thanks again!
shirley,
No, you are not correct at all. To think that a stock would be good for the reasons that you mentioned would be silly. It is a reason, however, to respect the work ethic of the CEO.
I have stated my reasons for liking this stock in prior posts.
The press release from yesterday simply adds one more reason to my list.
Have you happened to take a look at the engineering firm's website?
Although the share price today was a disappointment, I agree with those who say that the news today was excellent. That does appear to be a very legitimate engineering firm. If you look at their past projects, it is very impressive.
I just figure that if one is going to be building a castle, it's important to get the foundation right, and so far I like the building blocks being used for the foundation. Build the foundation strong enough and the share price will come.
Also, I've noticed that PHGI tends to drop a little bit before it goes up. I tend to think that September will be a good month.
I do know this. Beebe is definitely working late. I put in a call to his office close to midnight the other night....not to talk to anyone, but just to leave a message saying that I thought he was doing a great job and to not let the naysayers get him down. When you call the office, there is pretty music playing while you're waiting for the party to answer and I got rather engrossed in listening to the song while waiting for what I was sure would be an answering machine to pick up. To my TOTAL surprise, the phone was picked up by none other than John Beebe himself. I didn't stay on the phone but for a couple of minutes...didn't ask him any questions....I could tell that he was super busy...but he was very polite.
So some might gripe and complain, but I know for sure that he is burning that midnight oil. I'd love to know what he was working on...the impression I got from the tone in his voice was that it was something important....that's why I didn't even try to start any conversation...just got off the phone as soon as possible after expressing my surprise that he had actually answered.
With an engineering firm being hired that is of the caliber as the one announced today, we are heading in the right direction.
The rest will come. Just be patient. Easier said than done - I know. I was wishing that I could have a time machine to travel forward nine months and see what the share price is then. :)
Good luck to all!
No, I wasn't aware, but believe it or not, I don't feel as skittish about Berlin as I did a few hours earlier. I decided to take biker's advice and do some research.
I found the letters from Holger Timm and Eva Klose written as a response from the Berliner Freiverkehr & Berlin-Bremen exchanges to the American companies.
I'm not naive, I KNOW that shorting can occur on any stock...one just has to have enough money and knowledge as to how to do it.....but I also tended to believe their letters, especially when they stated as to how much more strict the German SEC is about shorting and how it is a criminal offense and how only two days are given to cover shares. Another reason I tend to believe them is that being of German descent myself, I know darn good and well that the more strict part is true. Man, is it ever.
So, whatever....I was glad to find those letters. It definitely made me feel better about Berlin. I'm still suspicious of any trading market, but oh well....maybe it should trade in the Ukraine, eh? Dobre den!
If that is true....and I am not convinced that it is....then what is the take on what I'm sure IS true....the fact that he voluntarily placed many of his personal assets into the corporation.
But, once again....let's use common sense.
Let's see, we know that he placed assets worth many thousands of dollars into the corporation. Does it make any sense that he would then sell stock at near it's low to pay off personal debts when he could've just sold his own assets to begin with?
Now, if the stock were trading near it's highs, then what you said just might make some sense. I don't know about you, but I really get perplexed when things don't make sense.
I read John's very gracious invitation to you to come and see for yourself what the company is all about over on the JHBEEBE blog? Did you happen to take him up on his offer?
What? You say that you didn't? I THOUGHT NOT!
Unless you do, then your negative posts don't mean squat to me, nor should they to others. You have been offered the chance to do on-site DD......the chance to meet the people involved...to see for yourself the activities...and if you turned down that chance...then you don't have any credibility.
A person who truly seeks the truth....doesn't ever turn down the chance to find it. If John ever made that offer to me, I would be there in a heartbeat and I would report back...both the positives and the negatives....and I would have at least a modicum of credibility....because I would have sought.
bikerider,
I stand by my statement that it's easy. Even in today's tight credit market.
You have to look at the percentage of risk, not the market cap (which will be much higher than $4 million once the plant is built, by the way).
If a bank knows that it's risk is only going to be 50% of the value of a piece of real estate, then they're going to make the loan. Even if the value of real estate goes down, the bank is still looking at there being enough equity in there to cover the risk. In fact, in a tight credit market that makes a deal like that even more palatable to a lender.
And don't forget about possible tax credits! That makes any potential deal even more rosy. Cheers!
Double E,
I doubt if I have the time to read back through all 12,000 or so posts, but what I have noticed in the week that I've been here is what to me is a blatant attempt to induce fear and doubt amongst the shareholders.
I've learned to sluff off stuff like that and just rely on my good old common sense. That's not to say that I don't see negatives. For example, I wish that companies would learn to not give approximate deadlines about things....such as "three weeks for news on joint venture talks". These type of things ALWAYS seem to take longer than planned, so why expose yourself to criticism? If I were a CEO, I would tell people "six months" and then if I accomplished my goals in 4 months, people would be ecstatic. But if I tell them 3 weeks and it takes 3 months, then people are understandably grumpy.
I'll only start to get grumpy if the merger with RNVO doesn't go through.....but from the action of the stock in both companies, my guess is that the merger is in the process of going through right now. I will be really glad when it is publicly announced however.
I predict that by mid-September there will be a whole lot more happy campers in this stock. I'm basing this on what the charts are telling me and on the present action of the stock. I also predict that when RVNO merges with PHGI that RNVO will have a 10 to 1 reverse split and that the price in the new OTCBB company will start out at approximately .025. And then it should go up from there. I sure hope that I"m right, and I sometimes hate myself for going out on a limb with predictions like that, but what the heck, it's Friday night, so why not?
LMAO!!!
You know, as soon as I posted that, I just KNEW that somebody smart and witty would think that.
Kudos to you! lol!!
And no, I wasn't thinking of bagholders. I first thought of using apples as an example, but I realized they wouldn't hold anything. I used bags because bags hold things.
Only $20 million more? I don't mean to be facetious, but that is truly not that much when 1/2 of the money is already being raised.
There's not a bank or lending institution around (even in today's not so good real estate market) that won't ante up when their risk is only 50%.
And you also have private investors who would LOVE to get in on the ground floor of something like this.
Once you have 1/2 the money raised, finding the other half is a cakewalk.
Me too. I hope that they haven't been put on the Berlin exchange. I do believe that they are trading in Germany somewhere because if you go to the german exchanges you can read the Germans talking about PGHI. And why would they be talking about it unless they were trading it?
I have a theory about the price decline. I,too,think that shares have been issued, but unlike those who criticize it, I have different thoughts. I'll try to put this in simple terms.
Let's say you start out with one bag that can only hold ten balloons worth $10.00. If you keep issuing bags (let's say 9 more) and don't increase the number of your balloons (assets), then you have some serious dilution and what was once worth $10.00 per bag is now worth only $1.00 per bag.
BUT if you start out with a bag holding the 10 balloons worth $10.00 and you keep issuing bags but you DO increase the number of balloons per bag...let's say that each subsequent bag can hold 20 balloons (assets) and you issue 9 more bags, then what was once worth just $10.00 is now worth $190 or $1.90 per bag instead of just $1.00 per bag. Then eventually, even though you have more bags (shares), you also have something worth more than what it was orginally.
Unfortunately, until that worth is truly visible, the increase in the number of bags is going to put temporary pressure on the original bag. But eventually it's going to be worth SO MUCH MORE!
(sigh) I have no idea if my example is clear or not. I know what point I'm trying to get across, but if I'm not making it clear, then I apologize. I guess what I'm trying to say is that I believe that PHGI HAS to initially issue shares to obtain the assets that it wants, but it's not just issuing empty shares. Each share issued brings value and worth into the company, which will eventually make the entire entity worth more. Just be patient. Once we merge with RNVO, then I think that the whole picture will start to become more clear.
Oh! Well, where did I get the idea that they are trading on the Berlin exchange. I thought that I had read it somewhere, but if they are not, then GREAT!
Yes, I have checked the stock evolution over the past six months, but since I bought in at under .02, the downward march from 50 cents really doesn't concern me, but I have to admit that it sure would have had I bought in even a month or so ago.
I don't know where you get the idea that I'm into the thought of "socializing' with Beebe's friends. Well, I'll just say the same thing to you that I had to say to my husband...."If you had once worked with the Treasury and had any knowledge of the level of expertise required to be chosen to be on the "strike force" then you would be impressed too!"
My point on mentioning that is that a person of that caliber who gives permission for his name to be associated with a start-up pink sheet company as a director, gives INCREDIBLE
veracity to that company. Think about it! If you were retired from the creme de la creme of IRS, would you even THINK about having your name associated with a start-up company unless you were CONVINCED that it was on the up and up? Read between the lines.
And if you were a city in Alabama, would you authorize $20 MILLION dollars in bonds to build a plant unless you were very sure that the company building the plant was on the up and up? Again, read between the lines. TWENTY MILLION DOLLARS!!!! To build a plant! They're not going to raise $20 million for a company that is a pink sheet scam. That's ludicrous! Come on! THINK PEOPLE! Don't let the scare-mongers scare you out of good old Yankee common sense!