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Is it possible there is negative posts to make a personal gain. I think so .Some people will do or say anything for a buck.You build it they will come. Sweet pea where are you.You are thier worst nightmare.Love your posts.
screamer: Stop your lying. What she said had nothing to do with pumping.
JB is building it and they will come.No magic wands needed just time. No one can deny it ,try as you might, but it is being built.That is not a pump but the truth. Pre orders equals they are coming.
juanly:Thanks for the post. I really got a laugh out of that.
What a sad board! Same old garbage by same old people.
PQL: It would be appreciated if you could inform us on the mine by info. from JB.I emailed him about a week or two ago and no reply.Thank you.
keith68: Don't think you want to listen to the advice of someone who got in at .34. Good luck on your decision.
BEBullish: He knows there are delays. He has a pattern of bieng negative for whatever reason.There are millions of delays everyday.I am just glad they informed us of delays. That is informing us what is happening. Transparency. The very thing he wants. He gets it and still is not happy.
Meatball: You are right if only more positive chatter.Would be great to recieve some good news on the mine. Mr. Beebe has my support.GO PHGI !!!!
I rechecked scottrade and the numbers are back up.Sorry.I don't understand the part about not bieng able to sell shares though any thoughts?
My scottrade account on msitf showed zero's all across the board so I called ST and they said there is no bid on msitf. I could not sell my shares if i wanted to.I do not now what is going on. Does anyone else have zero's on thier account?
Thanks, stock jock EOM.
Does anyone if PHGI has applied for grants or goverment help with this plant? Doggone, please do not respond.
Lifegear Do you think that is the truth? It just seems he has pojected millions of kits sold.He even was suppose to get $150.000 from each distributator if I am not mistaken.Thanks.
Kuan: They have a reason for doing what they are doing but they will not tell thier true intentions.I am dissappointed in a moderator for the co. who allows it to continue. With freedom of speech comes a responsbility of integrity which some do not have.
Lifegear: You are absolutely right.I wonder if there is anything too reverse split. If there is as many kits selling as he claims then there shold be some dividends for shareholders.What if he never reports then what happens to us shareholders? Thanks.
lifegear:Why would he say financials out soon for 3 years and nothing? Another question why can't we confirm all these pr's?I hope you are right but this does not look right. There is also the TA gagged.Some believe he is just selling shares.Call him and ask him how you can confirm some of these pr's and see what he says.Again I hope you are right and thanks.
It is a shame when you have a split like we did and then can't even produce anything for the shareholders. Paul ,stop blaming others for your shortcomings. You should be ashamed! Your name is tarnished by your actions.I have hardly anything left after your split.One thing for sure you will make sure you have more.Now I feel better.
Money probably came from run to .40 and co. sold for profits.
buzylizzy:They are a pink slip stock and are not required to report. I have been told by Mr. Talbot for 3 years fiancials will be out soon and it has not happened yet.A lot of people believe he is just selling shares. You cannot find out how many outstandig shares. Everything is a secret with him. These are big red flags.Sorry to have to say it but it is the truth.Call him and ask when financials will be out or ask him how many outstanding shares. Best to you.I am down thousands with this stock.Bieng a novice I am learning the hard way.
I forgot bring on the gold phgi.
OT.I am for bringing Ditka back.I wish owners would sell the Bears.
rruff: Thanks, Makes more sense then some of the assumptions on the board.
OOPS! Meant to post to Kuan and not a reply to indian.
Kuan ,I appreciate your posts .EOM
You may find it interesting to read up on metal detection. It may change your mind about the huge potential of gold and other valuables underground .There is land never even mined yet. Idaho was or is the largest silver mines around.I am a big believer the mine will be huge. IMO.I realize Idaho isn't in Utah but it is still huge potential.
ALinveator: Here is th link. I thought the order was for 1 million gal. but I could be off on that.The board may remember.
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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
Thursday September 27, 7:11 pm ET
WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Sep 27, 2007 -- (Other OTC:PHGI.PK - News)
ADVERTISEMENT
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
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Indian; No disrespect but if you are so down on co. I would sell and move on and not let the stress keep me captive to a bunch of shares I own.It hurts us who are believers when there is so much speculation which is negative . The board is no fun .It makes me wonder if there is a certaain agenda here going on.I see progress being done and visions by the co. which will be helpful to many.Ckeck out the mine. You said you were close.As far as for the fuel they already have orders before plant is even completed. I think that is a big step.It is the beginning of revenue.Just my opinion.Have a great day.
Question,what drove the price to .40 and why did it drop?
PHGI is the best thing going in USA. I have confidence in BEBEE. Just have to take our time and also realize everyone makes mistakes along the way.That is how we learn lots of times.Show me a man who never made a mistake and I'll show you a man who never did anything.I will step out on a limb and say mine will be big.Enjoy your posts. Best to all of us.Remember it was .40 once. History will repeat itself.
Not one post about increase in share price today.That is strange to me.PHGI is the best thing going in the USA.
This will be big because it is bathed in prayer and and faith. Do not under estimate the mine.
doggone: Very good thanks.EOM
Captain : Do you suppose Beebe is useing the low prices for a opportunity down the road to load up?
What I fear is dilution and then a reverse split to get on the other board.Hope I am wrong but have had it happen to me before.My track record is poor.Wopuld appreciate any thoughts on this,thanks.
kingvegita: I do not understand how that filled and mine didn't.I put an order in at 3:40 for 350,000 shares at the ask which was .011
dollacito: I have a little over 600,000.
Thanks; EOM
Anyone have an idea if this is more dilution or shareholders getting out?
Kuan:Excellent post. EOM.