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Sorry mbuck6058 that I did not answer your question but am glad that sully1215 took care of that for me.
LOI means Letter of Intent. In a nut shell it means that all parties have agreed to the terms, but just has not been finalized yet.(Very basic definition)
Now on to other business.
The DTC issues is interesting to me. Because I find it interesting that with all the due diligence and all of the poking and prodding, financial reviews, audits, and due diligence fees, that PIHN is on the restricted list.
PIHN is in a position it would NOT take much effort to update (whomever needs to be updated) with the appropriate information to bring PIHN to current. To take it a step further if we are to believe the financing is coming from Wells Fargo then, I think that Wells Fargo would have it as a requirement that PIHN get and stay current.
My guess is (again if we believe all of the audits, ect… ) if PIHN has to update the SEC I think that we could be heading (IMO) to an up-listing simultaneously as the announcement of the closing if they are filing the paper work then they might as well file it all at once. There has to be a reason that “OUR BUDDY” (said with clenched teeth) CB is not PR’ing this information. His business site is all about PRs, writing, performing ect. I just cannot understand if “CB’s” whole business and web site, is based around PRs and the quote from Gates at the bottom of his emails why we would not see a PR since April.!!!!!!!!
There has to be a reason for the silence. Things just do not add up.
Or he is just really, really bad at this whole marketing thing and we need to move on to someone that knows what they are doing.
Now again this is all just a guess and my opinion and maybe a lot of hope that this is a real acquisition/Reverse merger and that PIHN is on the up and up and not a scam.
Now, I have not received an email from CB since the other day when I posted about the Gates quote. So if he removed the quote as honestabe113 has said, then at least we have one answer!
… … … He does read this board.
Trust me I am NOT defending him, but, he could have answered your email from a device that did not have his auto signature set up in.
Anyways that is my thoughts for today.
I really hope that Ken and others get there shares into a position that we all have a shot at making some …. Errrr at least breaking even on this wild ride we call PIHN.
Glob,
The next time you talk to Kuni could you ask him why the resigning of the LOI was not Press Released?
I do find it interesting that the last time PIHN had a press release April 19th, it was to inform potential investors that the LOI had been resigned, and there was close to 500 Million shares transacted in one day. Then we received a shareholders update “eluding” to a two week completion of the acquisition.
(insert sarcasm below)
Then in just a quick 7 monthsssssssssssssssssss later
PIHN re-signs a new LOI and there is NO PR! But we do get the same shareholders email “eluding” to a two week completion.
Is this part of CB's marketing plan? Per the pink sheet expert, posted buy honestabe113 post number 62454, that CB is~Did he drive this into the ground on purpose? Share Buy back or ??? Reverse merger?? or is this how he will
"Purchase controlling interest in your pink sheet vehicle outright regardless of condition" From the Maxwells web page http://www.maxwellmediamarketing.com/pinksheetrehab.htm
At the bottom of the few emails that I have received from CB he has a statement
"If I had just $2 left, I would spend $1 on PR. Bill Gates"
I do find it curious that if CB believed the statement, then a PR would have been released with the news that we received on Tuesday but instead CB replies with PR’s are to expensive.
The more I think of CB’s reply the more pi$$ed off I am.
They lied to us again and are still lying.
Go read the October 3rd update and it clearly states “EVERYTHING HAD BEEN AGREED UPON”
If everything was agreed upon then why would “lender who was going to spend time looking at the books of the target, which extended to more personal information on the principals…in India…”
If everything was agreed upon then there should not be any more analysis needed!
Thank you Glob! I had sent an email to CB (prior to globs post) and ... ... ... he responded and answered a question (Things look like they are changing!) within 1/2 hour!! This was his response-
"The due diligence “fee” was to pay the lender who was going to spend time looking at the books of the target, which extended to more personal information on the principals…in India…just took longer than anticipated. New update is scheduled for Monday/Tuesday based on the findings."
On OCT 3 the shareholders update indicated that, Everything had been agreed upon, and that PIHN needed to pay a “due diligence fee” (what is a due diligence fee anyways?). Once paid it would be approximately 2 weeks for completion of the acquisition.
Per the shareholder update on 10-11-11
The fee was paid 10-11-11 (or before). Two weeks would put completion of the acquisition on 10-25-11.
Granted the update stated “approximately” 2 weeks and things would be completed,
it is now “approximately” 4 1/2 weeks past the date that the fee was paid.
WE “THE SHAREHOLDERS” DESERVE ANSWERS!
but nothing was answered.
You will not get a reply!
you asked a question, and they simply ignore all emails that have questions in them.
But they will reply to let you know that they are sick.
ok ok
i will bet an additional 10 mill on
Lawyers found discrepancy 3:1
that is 20 million shares that i have wagered might as well get something out of them! LOL
hummmm where am i going to put my last 10 mill??????
I will take -
“Hired new accounting firm 5:1 “
For a thousand or 10 million shares of PIHN
Noted, and will go get the ingredients tonight hoping that I have to cook tomorrow night. LMAO
I will add that one to the list of excuses for CB.
So far we have:
1) sorry been busy
2) to many shareholders asking if this was a scam
3) short road trip was away form email
4) took a few days off to attend a birthday party.
5) And now we have (drum roll please) “been sick…bad infection”
Don't get me wrong I hope and hope that i am 100% wrong and hope like Heck that i have to eat crow
It is the Florida acquisition still, they are still doing the due diligences and making sure they dot the I’s and cross the T’s.
Or
They are waiting on the financials from the Florida company from last December.
Or
… … …
OMG this is flatlining! Give me the paddles, charging
CLEAR!!
If you ask “are we there yet” one more time, I will pull this car over !!!!!!!!!!!!!
NO we are not there yet!!!!!!!!
Hey Glob, are we there yet??????????
LMAO
Was not calling you out, I think it is just pure frustrations on all of the shareholders! and do not want Glob to field the brunt of it and stop the updates to us.
This “acquisition” has taken away from the true value of PHIN and in some aspects, I wish the LOI that was rereleased in April had never been PR’d.
IMO we would be trading at least 3 – 4 X higher on the foundation of STAFF IS alone.
The lack of information and a Investor relation person that does not knows how to deal with stockholders is the single biggest problem that PHIN has. (in relation to the PPS)
Glob, your efforts are greatly appreciated, do not let the naaaaa Sayers get you down.
To the rest of this board, Glob gets slammed every time he passes on any kind of info! It is not his fault all he can do is tell us what is told to him. So if we want the only connection to Kuni to quit doing it then, stop slamming him every time he passes info along to us!
I appreciate the fact that we have at least one person on this board that Kuni will talk to
ZZZzzzzZZZZZzzzzzZZZZzzzzz will someone please wake me up when, either Santa comes, Or Kuni closes this deal whichever happens first.
Maxwells silence is nothing new usually when he goes silent he has some excuse for not answering emails (this is his actual answers)
sorry been busy
to many shareholders asking if this was a scam
short road trip was away form email
took a few days off to attend a birthday party.
so I would not read anything into his silence.
thank you sir
on the bright side we are at lease back to 2's
Ohh I know I was just hopping LMAO
Have you heard anything lately Glob? not asking you to call, but just if you had heard anything.
ohhh no if i was holding my breath then i would be as blue as the ihub screen color
We had better get a PR tomorrow
The 10/03/11 Email stated that in two weeks after the “Due Diligence fee” was paid
And in the
10/11/11 Email they stated that it had been paid. So at a minimum the two week clock started on 10/11/11 two weeks from 10/11/11 would put us at … … … tomorrow.
They had better not fail!
No Volume at .0001 got me nervous now! Where are the insiders?????????
Thank you sir
how do you feel about that?
I for one, have a ton of things that he could be doing instead, that would help the company and in turn increase share holder value.
How about finishing this one first before looking for others,
OR at lease taking a little time to figure out how to complete one under a year,
OR getting Staff IS to sent the financials on time,
OR getting current in the OTC Market,
OR removing PHIN from the DTC issues,
OR hiring a N. America VP to run things,
OR getting an accounting group that can proof read financials before release,
OR Getting an accounting team that knows how to merge financials from Staff IS and (the new company) into something that they can release on time,
OR finding a new IR firm that will at lease acknowledge an email that has a question in it
OR finding a new IR firm that will at lease acknowledge an email that has a question in it (I know it is listed twice but CB really has done NOTING! One PR since March)
OR fixing the share structure W/O a R/S (IE Share buyback)
OR
OR
OR
OR
Glob,
Thank you so much for shedding a candle of light for us to keep some kind of hope that we can make our money back and not take a loss.
For some reason I think this is what Kuni has been waiting on.
Just a question here for all you PIHN heads, Would it be possible for the investors to want the PPS down so when they “execute the purchase agreement” are able to do a share buy back for cheep?
It would make since why Kuni has gone SOOOOOOO silent since the announcement of the LOI, and give CB a reason to be so elusive with his answers.
Thanks Ken great answer
could Kuni gain anything by this thing going to no bid?
GOD I HOPE YOU ARE RIGHT!
Ok so maybe Maxwell is not holding up PR’s but he is not doing PIHN any favors either.
He is not responding to anyone’s email with any kind of question and, the fact remains that, he only has two clients on the “OTC Markets” and both of them have the “STOP” ratings.
Try it sometime, If you contact him with a new name/email you will receive an answer in a matter of hours and we all know what happens when you contact him and ask him a real question. … …. …. ….. …. Can you hear the crickets???
I do not think that it makes a difference if you are nice or downright mean, I think that he is only in it for the easy money and the least he can do the better. He only responds on the days that he is extremely board and has nothing else to do, Or you are a new contact for him and he can issue the standard response of, welcome, good things are coming and and and. But when you get down to asking a real question, and it has nothing to do with insider information, is when he turns the auto delete button on for your/our contact name.
Ken, Poppy, Glob and rest of Board,
I totally understand Pop’s frustration level and think we all have a right to vent our frustrations, lord know I do it all the time. Yes I still believe this is a real company and I think that Kuni is trying,
I have a gut feeling that it is Maxwell Media Marketing that is holding up PR’s.
If you look back at the PR’s before CB and after CB there has only been 2 since he was announced as our IR person. If you go to OTC Markets and search on Maxwell Media Marketing. What you find is a little scary! Maxwell Media Marketing is associated with two pinks and “NOW” both of them have a “STOP” rating for lack of information. I truly hope the KUNI gets a better handle on who and what kind of marketing firm is giving him guidance.
I am sorry pal
Thank you Glob! any chance we could retain you to be the IR for us instead of CB????LOL
WHYYYYYY YES, yes i si errr is! LMAO