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NTCI - I have ST also - wonder if we'll actually ever get them?
Shares can only be loaned out from a margin account. If you actually read the fine print in your application, you will know that yur broker can lend any shares from a margin account that he wants.
If you request certs, obviously your shares cannot be lent, however, if we are dealing in phantom shares, it makes no difference what so ever what we do or don't do.
Oh yes, it can absolutely be done. I have not looked to see if PHGI is listed on the Berlin Exchange, but I'm sure JB has requested a delisting, if so.
Otherwise, you are correct about the CDN Brokers. But there are US based ones who do it as well.
All we, as shareholders can do, is place our shares in the "cash" portion of our accounts. Shares cannot be borrowed for shorting from a cash account, or an IRA (or other Ret. account) only from a margin account.
Well, you and I think this provides a lot of transparency. But - I'll bet you we hear differently from some others. LOL!
Press Release Source: Perihelion Global
Perihelion Global CEO John H. Beebe Issues Open Letter to Shareholders; Provides Status Updates and Information on Various Corporate Matters
WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Sep 27, 2007 -- (Other OTC:PHGI.PK - News)
To All Shareholders,
We have been besieged with calls and emails regarding the unprecedented decline in our stock price. We are not aware of any event that would dramatically devalue our corporation like we've seen in recent days. We wanted to address our shareholders, as a whole, with many recurring questions we receive each and every day.
What is the current share structure?
As of today, there were approximately 97,500,000 common shares outstanding and we have approximately 325,000,000 total authorized shares. In light of recent circumstances, the company has petitioned our transfer agent, American Registrar & Transfer, to exempt their standard public policy of referring shareholders back to the company to confirm the authorized and outstanding shares of their clients. American Transfer & Registrar has consented to this request under the circumstances and can be contacted at 801-363-9065 to confirm the stated outstanding and authorized figures we have disclosed. Additionally, the authorized share reduction can be confirmed by calling the State of Delaware, Secretary of State, at 302-739-3073. Further, we have ordered our NOBO/OBO lists and DTCC reports to obtain an exact public float.
Why did the common shares increase and now decrease?
The company has previously announced that it intended to use stock to perform acquisitions. Some of the transactions were not completed for various reasons, which then required the shares allocated for the transaction to be cancelled. In addition, management has been working to cancel and void common stock where warranted.
What happened to the dividend shares that Vision Works issued last year before the reverse merger with Perihelion?
As we have stated previously, we inherited the share structure of Vision Works when we merged last fall. The management of Vision Works issued a restricted common share dividend to shareholders in the spring / summer of 2006. These shares were subject to the reverse split performed by Vision Works management months prior to the merger with Perihelion Global. By law, these common shares automatically became unrestricted after one calendar year and are now reflected in our current outstanding shares and public float.
Are the Officers, Directors and Management selling the stock issued to them into the market?
No. All officer, director and management stock compensation has been done with restricted stock. All shares issued to the officers, directors and management continue to remain restricted to date. To help alleviate market concerns, these parties have opted to exchange their restricted common stock with restricted preferred stock. Further, all shares owned by the officers, directors and management are held in paper certificate form and are not on deposit with any broker or dealer.
Are any former officers or directors of the company selling stock they were issued?
No. As mentioned above, all stock compensation issued to Perihelion's officers and directors, including all former officers and directors, were issued with a restricted legend. The restriction from selling these shares has not been removed.
Has John H. Beebe sold the shares he acquired as a result of the purchase of Vision Works into the market? (September 2006 acquisition)
No. All of the common and preferred shares John H. Beebe purchased during the initial acquisition of Vision Works were restricted and these shares remain restricted to date. Further, Mr. Beebe has not filed a request or notification with any regulatory body to allow these shares to be resold under Rule-144, and therefore these shares cannot be sold into the market.. All common and preferred shares are held by Mr. Beebe in paper certificate form and are not on deposit with any broker or dealer.
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.
Are the officers, directors or management selling shares that they have purchased in the open market?
No. Perihelion announced a management buyback program in August 2007 in which officers and directors purchased a total of $20,000 worth of common shares from the open market. To date, all of the Officers and Directors have made formal requests with their brokerages to have the shares purchased in the open market delivered to them in paper certificate form. When received, these common shares are intended to be converted into restricted preferred stock which will be held in paper certificate form.
Are the owners or principals of Saturday Night, LLC selling shares they received into the market? (January 2007 patented gold mine acquisition)
No. All owners and principals of Saturday Night, LLC own restricted preferred shares in the company. These shares remain restricted and are no longer held on deposit or safekeeping with any broker or dealer. All shares of the owners and principals of Saturday Night, LLC are held in paper certificate form.
Are the owners or principals of Meridian Land & Minerals, LLC selling shares into the open market? (April 2007 Box Elder County, Utah 299 acre Land acquisition)
No. The owners and principals of Meridian Land & Minerals, LLC received restricted common shares of the company that were issued with a restrictive legend on them. These shares remain restricted to date and are legally unable to be sold into the market.
Are the owners and principals of the Western U.S. Biofuel Refinery acquisition selling shares into the market?
No. The owners and principals of the Western U.S. Biofuel Refinery have common shares of the company that were issued with a restrictive legend on them. These shares remain restricted to date and are legally unable to be sold into the market.
Has the company conducted any financing or private placement?
The company has raised money and completed acquisitions through shareholder loans (primarily John H. and Lora Beebe), and unsolicited, private Reg D offering to 11 accredited investors. The bulk of the accredited investors in the unsolicited Reg D offerings have requested to receive their shares in restricted preferred stock in lieu of common shares. Additionally, the shares issued at the time of closing the acquisitions of the patented gold mine from Saturday Night, LLC were restricted preferred shares.
If the officers and directors of the company were successful in their past business endeavors, why would they want a public company instead of a private one?
A publicly held company has clear advantages over a privately held company with respect to the ability to raise funds if necessary. Additionally, when a company intends to grow through acquisitions, a public company holds a significant advantage over private company by having the ability to issue stock that already has a documented market valuation. 1
Has any officer or director profited from the decline in Perihelion stock?
No. Further, the officers and directors have not consented for any broker or dealer to allow their shares to be borrowed or loaned for the purpose of shorting the company's stock.
What is the status of the OTCBB shell acquisitions?
We are working on completing the acquisitions. We have repeatedly stated that we require clean, debt free shell candidates that are current in their reporting. We have also announced our intention to not increase our authorized share structure to complete these transactions.
One of the OTCBB shell acquisitions you have signed a Letter of Intent with has recently raised its Authorized Shares since the announcement; will this be the new share structure of the Perihelion-acquired entity?
No. Perihelion management has repeatedly stated that we have no desire to increase our authorized shares to complete these transactions. That means that we will not inherit these companies share structure at the time the acquisition is completed -- they will fit within our structure. Our criteria has been to acquire a clean, debt free, fully reporting shell that will fit within our share structure at the time of the acquisition. 2
Will the company's shareholders be significantly diluted as a result of the acquisition of the OTCBB shells?
While valuable, these are OTCBB shell companies that do not have any assets. Perihelion has very valuable assets that it will bring to any acquisition we complete. We have stated we require between 93-100% equity in any OTCBB shell company we acquire. As stated, these shell companies will come under Perihelion's share structure, not vice versa. Perihelion has the necessary assets to turn shells that do not own any assets into viable, revenue producing entities.
Is the company being shorted? If so, what can we do about it?
The company believes that recent trading volumes far exceed a reasonable calculation of the public float, especially in this sudden, drastic decline over the last few days. While we fully recognize that legal shorting is a normal part of market activity, we believe that the volume of shares being represented as traded at current prices is excessive and deeply concerning.
As to what a shareholder can do if they are concerned, the company recommends shareholders send written communications to their brokerage firm stating that their Perihelion shares are not to be borrowed or loaned out to anyone. Additionally, shareholders should request written and signed communication from their brokerages confirming that their shares are not available to be borrowed or loaned.
When will the company be producing revenues?
The company expects to report revenue by the end of the 4th fiscal quarter in 2007.
What is the status of the biofuel refinery in Alabama?
The biofuel refinery is moving forward as the company had previously announced and is expected to start producing biodiesel at the end of this year. We will start initial production from the refinery we have recently acquired and are relocating to Alabama. The initial production capacity should allow us to fulfill our existing supply agreements with additional production capacity to meet supply requirements as necessary.
What is the status of the radio stations and television station?
We are currently working on our programming and the capability to simulcast live programs over all our affiliated stations. We have been running live on air test broadcasts of this type, simulcasting from various locations. This will allow for additional revenue potential for cross-selling both TV and radio advertising and promotions to local, regional and national advertisers.
What is the status of the gold mine property?
The company has filed for and received a small scale mining permit from the State of Utah and a land right of way from the US Department of Interior, Bureau of Land Management, which was announced previously. We have completed the construction of the road right of way over federal land to our patented claims. The company has recently identified and mapped 32 additional locations, totaling up to 5 million tons of material, from which we intend to extract both precious and non-precious metals from. We have filed a notice with the State of Utah that includes these new areas with maps and other required documentation to begin this process. We intend to open pit mine these areas, and utilize a heap leach method of recovery on the material mined from these newly mapped areas.
Why does the company not state the value of the estimated reserves in the ground at the mine?
Our auditors and legal counsel have advised us that the company should refrain from giving an exact valuation of the in ground reserves until a formal book valuation for our audited financials is established. Their reasoning is due in part to the assumption that the company is unable to document an exact cost per ounce to extract the precious metals from the ground at this time. Also, to a lesser degree, the written valuation by Certified Professional Geologist John Yellich provided to the company was performed specifically for Saturday Night, LLC and not Perihelion Global. The company did not acquire Saturday Night, LLC, only its patented claims.
What is the status of the Joint Venture the company announced it was negotiating on the mine?
The company has held substantial negotiations with several companies, public and private, both within and outside the USA. At this time, the company does not desire to relinquish controlling interest in its patented and unpatented surrounding claims in a joint venture agreement. To date, the company has not reached a joint venture agreement that it believes will fairly compensate the company.
What is the status of Perihelion Canada?
The company is finalizing the acquisition of the Canadian mining properties as announced and is working on the public listing of its shares.
Does the company still feel comfortable with its business plans?
Yes. Market conditions validate the strategic business markets we have identified and focused on. Weaknesses in the US Dollar and economic concerns have propelled gold to a close of $732.50 per ounce at the close of US trading on Thursday. Over a one year period after the company announced the acquisition of the Saturday Night, LLC mine, gold has appreciated over $130 per ounce. Although the price will naturally fluctuate, the company believes gold will ultimately continue increasing in value over the long-term. As far as oil is concerned, the company believes that it will remain a premium commodity and is unlikely to fall to price levels it enjoyed even a few years ago. Oil is currently $80+; approximately $30 a barrel higher from the time of company's biofuel refinery announcement less than a year ago. A cornerstone of the company's biodiesel strategy is that oil, through both its environmental and economic troubles, will create a significant space for 'greener' fuels to emerge at an extremely competitive price.
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications.
Website: http://www.perihelionglobal.com
Caution Regarding Forward-Looking Statements
This press release contains historical information as well as forward-looking statements that are based upon our estimates and anticipation of future events that are subject to certain risks and uncertainties that could cause actual results to vary materially from the expected results described in the forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "hopeful," "intend," "may," "optimistic," "preliminary," "project," "should," "will," and similar expressions are intended to identify these forward-looking statements. There are numerous important factors that could cause our actual results to differ materially from those in the forward-looking statements. Thus, sentences and phrases that we use to convey our view of future events and trends are expressly designated as Forward-Looking Statements as are sections of this news release clearly identified as giving our outlook on future business.
These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events:
-- General economic conditions, either nationally or in our market area,
that are worse than expected;
-- regulatory and legislative actions or decisions that adversely affect
our business plans or operations;
-- price competition;
-- inflation and changes in the securities markets that adversely affect
the fair value of our operations; and
-- changes in our organization, compensation and benefit plans.
We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and wish to advise readers that the factors listed above could affect our financial performance and could cause actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. We do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
Contacts:
John H. Beebe
Chairman, Chief Executive Officer & President
866-748-7610 (Toll Free)
john@perihelion.com
Michael R. Varley
Executive Vice President
866-748-7610
mvarley@perihelion.com
Ed Villarreal
Chief operations Officer
866-7488-7610
ed@perihelion.com
--------------------------------------------------------------------------------
Source: Perihelion Global
Double E, Well, we certainly could have. However, I haven't sold a share since I started buying. I haven't got certs (and won't order them) but when we have shareholder voting, between mgmt and this board - I think we run the show!
Well - if the pps goes to .0001, then more than a few of us could buy every legal share out there. Every one. Remember the CEO of Overstock.com? We could find out quick enough if there were shares that shouldn't exist.
Ah - but they could have the satisfaction of knowing they were right - They could go around saying "We were right - PHGI was a scam". Trumpeting it on all of the boards. That would be worth more than money - in fact it would be "priceless".
I do that with WYE. Their divvy isn't spectacular, but the call premiums are often very nice. I saw a post earlier where UBS says WYE will be instituting some shareholder friendly actions in the near future like Div. increase and share buyback. Sorry I have no link for that.
Juanly,
Here's what I wonder. With all of the accusations made against the PHGI management- accusing them of scamming, diluting, etc. why haven't our very unhappy "shareholders" retained Schubert & Reed LLP or whomever to initiate a class action lawsuit? The posts would certainly incidate that they believe they have grounds.
Could it be that they aren't really shareholders?
Could it be that they know they're just blowing smoke?
Could it be that they know they'd get blown out of the water?
Just wondering...........
Cat
Hi,
I own PGH. They cut the dividend for next month by 10% I believe. They know they need to reduce the payout, but I think they're taking it back slowly.
We are now ex-div so our hockey stick trend should level out. I will add more slowly also, I really do like the company.
Also going through the lists to pick another stock to add - not nec. a CanRoy, just whatever looks good.
regards,
Cat
PS - I love this board - I'm always looking for good divvy stocks!
True - I have been trading ATV - which was (and still is) running head to head with FRPT. LOL!
whatever........
I resign from the conversation. You win.
Well - let's just say that he certainly could have found a better stock to try and move!
well - if was the same guy - it's a wash - it was just a day trade and a very poor one at that.
ok - I didn't check that, but - if it were the same guy he lost what - about $2500? Makes little sense unless the person was trying to keep the pps down. Well - the only other thing I can think of is he/she was using strictly day-trading funds and had no choice but to exit. Funny stock to choose if that were the case.
Funny you ask, I always have a target right from when I buy. Now this one I bought about a month ago at 13.74. Target was $16. It was just putzing along and I bought shares now and then for day trade. Then, one day I wasn't watching it, it just simply blew through my target and I had no sell order in. And - it's just kept going. So - yes, I do have a nice profit I could take - or maybe it's one of those that one should just "buy and hold" for awhile. Now that I'm paying attention - it's no doubt just part of the "China Bubble" and I should take the money and run and continue to trade it when there are nice morning dips.
I have owned some shares for a month or so, but mostly I have been using it as a day-trader. There's no news that I can find (except it's China stock)and I am trying to decide if I wanted to add more long term or sell what I have and just trade it for now.
How exactly was I twisting your words? The bold was your quote, but that was a question, in case you didn't notice - not anything else. In the following the bold is my words.
My half was So - do I understand you to say that PHGI is one of those companies where mgmt. Clearly I was asking you if you felt that PHGI was a company who did manipulate. All it required was a simple yes or no.
I can't account for all of it, but I do know there's MM manipulation. As was noted earlier today - buys were being posted as sells. After I saw the post here, I put in a buy to see if it would also show as a sell. It sure enough did. I took a screen shot and sent it to Scottrade and asked if they could explain it to me. However, I expect if I actually want any kind of answer, I'll have to take myself to the local office and offer to remove my 3 accounts unless they'd like to help track down the problem.
So - do I understand you to say that PHGI is one of those companies where mgmt not only has control but is involved in the manipulation, especially down in the pinks.
I'll take Indy for week 4. Thanks!
Has ATV been around long enough for a chart?
Thanks,
Cat
Could you please explain this to me?
"The CEO is 100% responsible for the continued drop in the PPS. It all starts and stops with him and imo, so far he has failed miserably and the PPS obviously reflects this".
Exactly HOW is JB responsible. Whom on this board has he forced to buy or sell shares? If my next door neighbor takes a notion tomorrow to buy 1MM shares at .008 and sell them at .009, how exactly is JB responsible for that?
If he buys them, but decides he doesn't like the stock and decides to sell at a bid of .007, how exactlyis that his fault?
You folks have got to get real. The CEO of a PS stock has virtually no control over anything related to pps. All JB can do is grow the company, and soon, hopefully, produce revenues. Outside of that, you all are just looking to blame anyone because your investment didn't make you rich within your timeframe (which must have been about 3 months or less).
I own a few penny stocks, and they all behave more or less the same at one time or the other. This board, however, has exponentially more whiners. With a few exceptions - this is all Whine, all the time.
Regards,
Cat
There is a new index fund as of today, if anyone wishes to follow.
http://finance.yahoo.com/q?s=%5ENERV
http://www.neuroinsights.com/neurotechindex.html
http://www.neuroinsights.com/neurotechindex.html
If you know, why would you ask?
It is possible that there is someone other than those who post here who might find PHGI a good potential investment. 20K is hardly an astonsihingly large amount to spend.
No, per their PR, they are not buying at this time. The buy-back is expected to resume in mid-October.
doggone, I don't know. The station was not local at the time, so there's no one around whom I could ask. As I said, it was bought out and the format changed.
However, I called a friend in the media biz this afternoon and he said that the most likely scenario is that there are "sponsors" who buy blocks of time and at the end of the hour, when the DJ lists the songs that played, they also say something like "The previous hour was brought to you by Jazz Alley. To keep your music commercial free, please visit our sponsors and let them know you appreciate them".
Sorry that I couldn't find out anything more precise.
Cat
I don't know about March, but DSX was upgraded to outperform today by Bear Sterns. Also - a new 10MM shelf was priced last friday at $25- somewhat higher than expected. Institutions probably like that.
I often own this stock as it's a very easy trader. Looking at MIke's chart I should probably plan ahead for the breakout.
Dew, Can you provide the source, please?
Regards,
Cat
doggone,
two comments on your post.
1) the old country-western music you refer to has a definite following in the South. You may not care for it, but many do.
2) Before they were purchased by another company, there used to be a jazz station out of SF that had no ads and you only heard a DJ about once per hour. It was wonderful to listen to - -a forerunner to the digital cable music stations.
So - if your comments are meant as criticisms - that station is clearly not for you, but may turn into a favorite for others.
Regards,
cat
PQL - no it doesn't cover everything, but at this point, I'm feeling that any and all extra reporting we get helps fill in a piece or two of the puzzle.
Whatever - I'll put you on ignore as I'm just tired of your repetitions.
However - for the rest of you - here's an interesting note on OTC Short interest report changing. I am not positive it affects the PS, but certainly will our uplist.
http://otcbb.com/asp/OTCE_Short_Interest.asp
Shorts - why don't you just put this in your signature and save yourself some time typing and those of us who have seen it approximately 500 times can suppress the signature.
The transfer agent is gagged and the float is being witheld from the public!
well - we could try for a few at the current bid and maybe break even selling the whole position. <g>
NTCI - anyone in ScotTrade get their shares yet?
OT - imnot6 Having worked in the Computer/IT world for years, I'd bet on #3.
I am currently looking to add a foreign currency fund to a portfolio. Does anyone currently have one they favor, or any suggestions?
I am looking at MERKX - if anyone has an opinion on that one.
http://www.merkfund.com/fund/performance/index.html
Matched trades got me thinking. I wonder if some of the late trades here and on other PS are, rather, Crossed Trades. Nearly always, the late trades have been at the low of the day and frequently lower than the closing price.
"The prohibited practice of offsetting Buy and Sell orders Without recording the Trade on the exchange, thus not allowing other Traders to Take advantage of a more favorable price."
http://www.trading-glossary.com/c0573.asp
Indeed, Shorts repeats the same two things time after time.
Company Diluting
TA Gagged
I fail to see how the company can make it any clearer that they are not in the business of diluting.
And I don't give a flip about the TA - what is important is that JB is moving forward with exactly what he said would be done.
There are so many things to look forward to. Those who simply want to make negative posts day after day - well - IF they ever owned shares, they should have sold long ago. Since most do not - their posts are irrelevant to those of us who actually are shareholders who have done our DD and are willing to wait for a prosperous outcome.
Maybe we'll get that, maybe not. However, it would seem that those of us who bought PHGI after doing our DD will find no need to blame others if it fails. The philosophy is simple - you pay your money and take your chances based on your best DD.
The best course is to ignore those who must always find a scapegoat.
Best to all,
Cat