Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
GOOD MORNING TROOPS!
Nice PR last night. This just shows that the company is moving in the right direction. They are doing the things they need to do to become profitable.
That being said, there is still no revenue so sit back, enjoy a nice Cohiba, sadly the Bears are on the bye week, and just relax. Someone said there is good support at .004, I do not know for sure. I do know that despite what some people say, the company is doing the right thing, so we all need to be patient.
So while people come here and tell us what morons we are for holding onto our stock as it goes down, we just have to relax and realize that things are coming together.
I hope you all see that, but if you don't, it is cool too!
Respectfully,
Uncle Meatball
Depends on how much actual earth they can remove and how much "product" we get.
This is very good news! Cannot wait for the open tomorrow.
Will we gain some ground or will the stock plunge?
Respectfully,
Uncle Meatball
Uhhhh,
MMs can drive the direction of the price of stock for a short time. Especially if they are short. That being said they will not lose money on a stock.
Respectfully,
Uncle Meatball
Good Morning Troops!
What a fantastic day, I am out the door to work but wanted to say hello! Hopefully they get some more work done at OPP, maybe get the forms down so they can pour concrete by the end of this week or early next?
Lets say Perihelion has 10 million in tangible assets. I know that the mine is valued at more but what was it purchased for, 2 million?
Anyways, 10,000,000 / 325,000,000 = .0307 per share.
Obviously, we think it is worth more but there is no revenue so the MMs drive the price down to a value they feel is "fair". It is what they get paid to do.
When things become more tangible we will see our share price move up nicely. We just have to be patient.
And I am a patient fellow.
Respectfully,
Uncle Meatball
juanly, great question!
The only rule you need to know about MMs is this:
MM Golden Rule: MMs will NEVER EVER, EVER lose money in a stock. Do some DD and find out the last time a MM went bankrupt because a stock jumped from .0003 to two dollars in a day. It doesn't happen like that.
In your scenario it really is no big deal and here is why:
Perihelion comes out with PR that they are not only mining gold but they have also found platinum in their mine. So far the company has pulled out 17 kg of platinum in three months of operations.
The MMs say, "ok, here we go" and start gapping up the stock quickly. Now the flood of momos (momentum Movers (term may be out of date) as I recently started farting around with stocks again) jump into the stock and are now buying shares at like .05 instead of .0005 where the MMs PURCHASED the stock. The MMs just made what, 2000% on their money?
Now the stock continues to climb and people here are like, "HOLY crap the stock is at .20 a share and I averaged down to .04 a share, TIME TO SELL for a FIVE BAGGER!" You are happy cause you just caught a 5 bagger when you thought you were stuck and the MMs just picked up cheap shares because they gap up again.
The thing to take from this is that the market makers will always make money in any market, bear or bull. If Perihelion goes dormant they will just keep the stock low and let us trade shares between each other and they will make money on other stocks, I hope this answers your question.
Respectfully,
Uncle Meatball
Now the stock is at .40 ask and .37 bid. Repeat the cycle
To answer your question, I'll take....
The shares in a HEARTBEAT. How many shares do you think I want?
Respectfully,
Uncle Meatball
Sir PQL,
Bro, I am am one of those people buying "large blocks" of this company. I want more, but you and I both know that companies trade at what the MMs THINK the company is worth. Look at our volumes over the last few days, they are records.
I have no worries that we will buy up the float. However, past experienced has told me that MMs will drive the price to what they think is the right value of this stock. What should the stock be trading at in your opinion PQL?
1 Billion Dollar Gold Mine
Radio Stations
Opp Site
There are 325,000,000 shares out there floating around.
I am not being a hater here, I am just trying to give some insight into what the MMs think about when they set prices. I just see the stock going lower as the MMs try to purchase shares for the run.
I hope I am wrong to be honest. I know there are a lot of people out there nervous about the share price. You and I are not as we know what we have coming in the coming years.
People here know I am optimistic about the long term of this company, but am not so sure over the next few months. What is your opinion PQL?
Respectfully,
Uncle Meatball
Uhhhh, No.
Sorry do burst your delusional grandeur, however this stock will not see $75.00 a share. Sir, I try to be optimistic and realistic at the same time. The following is just my opinion and should be taken a such:
#1 The stock is headed to triple zeros folks. It is. There is no revenue right now and you cannot raise the price of the stock on ground breaking type of events / news.
However, what this does do is point out to us, the shareholders, that this company is heading in the right direction.
#2 When the mini-refinery (mini Ditka... ohhhh.. sausage) goes live the price per share should jump up to somewhere between .01 to .09 per share. Many of you who could have "loaded up" would make a hell of a profit buying two million shares at .0003 and selling for say .04.
#3 During the mini-plant phase there will be modest revenue that will allow the stock to level off and maintain itself in the range above until the main refinery (Big Ditka) goes on line. When the main plant goes online you will see a nice jump in the stock without revenue because the plant is operating and we will have a better idea on how much fuel the plant will be operating.
#4 All of this is subject to change with a tornado or hurricane.
This whole process will take up to two years with NO complications Throw in a complication and we could be sitting for a bit, so like TO says, sit back and get your popcorn! ;)
Finally, the picture of that bio diesel plant in Indiana is #1 IN THE WORLD, AND THE FRENCH OWN IT!
For the love of everything that is right in the world John Beebe, fix this, PRONTO!
http://biz.yahoo.com/ic/102/102978.html
Respectfully,
Uncle Meatball
Good Afternoon Troops!
Nice progress in Opp and the share price falls. This is to be expected. Until the building are up and the revenue is flowing in, the price of our shares will fall. Most of you know I have been through this before and I see the same thing happening again.
If you are to believe the CEO John Beebe then you really have nothing to fear. If you bought in this for a quick flip, you are screwed.
I am here for the long haul and I am willing to wait one or two YEARS for a killer payoff. I realize I am in a little different situation that most of you, I have the time and patience to wait out the fall.
You can see it in the trades, people selling huge amounts of shares as the price falls. I bet we get triple zero numbers soon, and I am optimistic! I am keeping my shares and I have a target price to buy more.
The next few months will be particularly difficult for us as construction continues and there is no revenue. However, once the mini-refinery is up and we get some revenue, the company will have a value of at least .01 (if my math is right) and probably more. I always try to be conservative with the numbers.
Anyways, I have rambled on long enough. I just hope no one jumps off a bridge, or the stock :)
Respectfully,
Uncle Meatball
GOOD MORNING TROOPS!
Lots of negativity here and I guess I understand why. People are trapped right now and only see the value of their portfolios going down. No one wants to ride the train down, especially for months or years, but everyone wants the gains.
Add in the very mild bashing and you have hate and discontent.
Things look good, to me anyways. Webcams are up and running, four instead of one. We can see that the PRs have been validated about Opp. Now we just need to see construction progress at the Opp site.
I have a question. I use TD Ameritrade and I do not know how to get a list of the day's transactions. I saw some large sells yesterday, or at least I think they were. Can anyone tell me how to pull that up and can someone confirm those were sells?
Respectfully,
Uncle Meatball
Video is working ;)
Looks great! Now we need to start seeing progress. This is another small sign that things are going well. We definitely have "equipment". LOL
We just need time and patience.
Have a great weekend troops!
Respectfully,
Uncle Meatball
You know? I never really cared about the gold when I decided to get into this stock. Sure, they have a billion dollars of gold, but how much money are they going to have to spend digging that stuff out? I am not a prospector, or a miner for that matter, so I cannot answer the question. Through my prism, if the gold is being mined and is making a ton of cash, that is a just a bonus for me.
I have read where it was stated we would have revenues this year, maybe the mine or the radio station? I do not know to be honest.
I am very new to this stock. My price per share right now is well below a penny and I add to my collection once or twice a week.
Many people are probably accumulating shares at these low levels for the pump and dump that will inevitably occur when mini-Opp comes online. However, if you look long term at this, YEARS, .49 cents is nothing compared to where this could go.
To temper that, there is a lot of things that this company has to do. And good intentions are not enough. I kind of hope the PRs die down and JB just focus' on getting Opp going. If the mine comes through, that is great too. Maybe he sells the mine? That would be income to finish Opp.
Long story short, the plan is a good one, but we have to wait and be patient.
Once I load up I doubt I will even check on it daily.
Respectfully,
Uncle Meatball
Honestly Sir,
I do not know. I am not an insider or a person with that kind of information. I have not seen anything, other than the PR which said that we would get a dividend, to make me believe that we are. It would be nice though!
I just got done with my DD of PHGI and am sold on it. I come to the conclusion that this is a very good stock, FOR ME. I can wait the two years at sup penny prices, accumulate millions of shares cheap, and sell for ridiculous prices down the road.
Honestly, I think this stock will be down for awhile :( Not because they are a bad company or are doing anything wrong, but because of the lack of revenue generation. I suspect that once Opp gets online (the mini-refinery) we may have a run to 8 or 9 cents (depending on my math).
However, if JB can pull off getting the big refinery up and running by December, 2009; wow, the stock could be another STXX. I know a lot of people here are "stuck" right now. That sucks. I have been stuck before, I am sure we all have; but this is the game we play with OTCBB:Pinkies. If you can afford to kick back with me, drink some Old Style and watch some Bears football (I find Bears football more stressful than this stock! LOL) then we will all be good in time.
One more thing, on second thought, I will keep my mouth shut.
If you are long in this stock you have nothing to worry about. If you are short term, what the hell were you thinking? ;)
Respectfully,
Uncle Meatball.
Good Morning Troops!
Hope you all are having a fantastic day!
Company looking good! Any news on the webcam?
Sadly, I have to work this weekend and I will not be making my pilgrimage to Opp. Sorry.
Respectfully,
Uncle Meatball
Good Morning Troops!
Hope you all have a great day!
Wow, some interesting stuff to read. I hope everyone takes a breath and goes out and just enjoys the day. Some people here are really wound too tight! LOL
Respectfully,
Uncle Meatball
I always enjoy the gaps. I agree with the person who said the income this year will not be good and the share price will be very low. I am still accumulating shares but in small, small chunks to see where the MMs are going with this.
I feel no need to "load up" quickly as I do not see the need. I do not see this stock above one penny anytime soon. Why?
1) No income this year
2) No Permit to "assemble" plant
3) Too many shares out there not accounted for
If Mr. Beebe is correct, he just needs to quietly go about his business and continue to press in Opp. Maybe they will start construction today:
Opp weather: http://www.weather.com/weather/local/USAL0414?from=search_city
Here are some things that will NOT help the stock price but give shareholders some peace of mind:
1) Add in the paper for final bio-fuel processing plant approval.
2) PR or blog entry by John letting us, the shareholders know, exactly how many shares are out there. Spell it out so a fifth grader can understand.
3) Construction progress at Opp.
If you are in this stock for a short term, go somewhere else. If you can stomach a wait, we will all be pleasently surprized.
I hope you all have a lovely day, I plan to!
Respectfully,
Uncle Meatball
I 100% agree with this (Sort of). LOL
If you think this stock is going to launch in the next three months, I would say that you may be disappointed. I do think this stock will move significantly within 6 to 18 months, based upon my past experience with STXX, and here is why:
The bio-diesel plant needs to be up and running making a profit. For this to happen the company needs permits to assemble the "mini-plant" before the big honking plant.
The company has diligently, in my humble opinion, done a lot of the right things to make sure the goals are outlined and that milestones can be measured. However, this is an OTCBB:Pink Sheet stock so therefore the MMs will have their way with the stock price.
Honestly, this stock is worth maybe 2 cents a share right now with the assets and income. I know the mine is valued at 1 billion and I know about the radio station, but the income generation is just not where it needs to be for the stock to launch like we all want it to.
The plant in Opp needs to be completely functional and there are many hurdles. We will have unexpected complications that are beyond John Beebe's control or the investors on this board and elsewhere. The MMs will continue to "load up" and depress the stock, hoping to get your shares.
I watched this many times with good investors who just got tired of waiting on STXX. Dump, leave, and were happy. I must admit I sold some of my position in STXX for another play and now I am sad I did, hind sight is 20/20.
The thing that I like most about this company is the CEO and his leadership. I do wish he would update his blog more often though. John has a plan and is executing it as well as could be hoped for. Here is the deal:
Will he have enough money to complete construction of the bio-fuel production plant?
I know that the company has signed contracts, however, companies default on contracts all the time. I DO NOT THINK THIS COMPANY WILL DEFAULT! But there is that possibility that the company simply will not have the cash to finish said project. Maybe if they came out with a business plan on the plant and explained how they plan to get the cash to build it, it would settle some fears.
For the record, I am a solid share holder now, and I plan to build my position as the stocks fluctuate here over the coming months. I will not play dips and spikes. I am too old for that crap! LOL
I really feel like we have something special here and I honestly feel like we have the toughest part done, the EPA permits. Opp wants the plant, the county wants the plant, and so does the state. Unless a wave of tree huggers rolls in and stops the project, it should be completed.
So we are left with the question, when will the main plant be up and running?
The answer is, no one really knows. Or if they do, they are not announcing it or it is a guestimate. If you are long with the company, and have the patience, you will be rewarded. I know, I have been on the golden goose side. Hopefully, we all will be with PHGI.
Finally, lets hope we get some bashers here soon! I know you want this sucker to take off, but we still have what, 20 million shares outstanding? We need those shares bought!
I am in for the long haul, hope you are too!
Respectfully,
Uncle Meatball
Doggone,
Post your DD! What did those folks say?
Respectfully,
Uncle Meatball
Uncle, yes there are a few other very pertinent questions. So far everything beebee, has tried to do hasn't happened, or was planned butt backwards. So much for PHGI'S business plan to date. Seeing as how this is the start of a fresh brand new plan. Questions that need answers. Be carefull when you get answers, this company's big guns bounce around worst than ping pong balls, with their statements. PRing, or even insinuating income from BIO-DIESEL, before the first of the year, pure crap, in my opinion. Management don't appear to be that smart, with their timeframes. Been wrong every time so far.
Peanuts was suppose to be the major source for the BIO- DIESEL, in the roughly $40,000,000.00 plant as advertised. Than after delays, no money being the major problem, among many. PRed was going to implement new technology, the feedstock could be almost anything, you name it, that too.
The current plant. What will be the feedstock used??? Doubt this very much, but must ask. Has whatever is going to be used. Has it been stockpiled, or is there a current supply available this winter????? From a business point of view, this is definitely not going to be a slam dunk. Many wrinkles need to be ironed out. But enjoy your trip. Also like your posts, pretty realistic, hope some of that rubs off on some of PHGI'S BRAIN TRUST. All in my not so humble opinion. Indian
Why are you so negative? I am not expecting this to rocket to 5 bucks a share by Christmas. I am willing to wait YEARS with my shares. Here is a little story:
I bought a company called South Texas Oil Company (STXX) in 2003. I have not sold ONE of my shares, look at where it is today. Is PHGI the next STXX? Maybe. Maybe not. What I can say is that PHGI reminds me a lot of what STXX was doing.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=STXX&sid=0&o_symb=STXX&freq=2&time=12
There is the chart. HELLO? If I would have been "cautious" with STXX I would have sold my shares for a loss and would never have thought twice.
MMs can keep this down for years, and they may do so. I watched quarter after quarter as STXX continued to grow stronger and stronger and I held onto my shares. Now, I do not worry anymore.
This is why I am asking the questions I am. This is why I love energy type of OTCBB:Pinkies. This company has that very same potential. I am not ready to "crown their <xplitive>" (Sorry, Bears reference there) but I am willing to say that all of the things I look for in a OTCBB:Pink Sheet stock seem to be in place here.
There are good companies out there. Sadly, there are a lot more duds that STXXs but that is why we play in the market, right?
I have a "taste" of PHGI and I may just make it a seven course meal. Then again, it may give me food poisoning and I puke my guts out all over Opp Alabama.
JMHO
Respectfully,
Uncle Meatball
Heh, this gapping is hilarious. I also think it is a good thing.
The friendly "nay sayers" here make me optimistic. I saw someone went to Opp today so I may postpone my mission to Opp a week. If Opp is having craptastic weather there is no reason for me to go up there.
I want to go up there when people are working and things are getting done. A few things that every shareholder should be concerned about, and I am one:
1) What is the "no <xplitive>" number of share out there that are still out and about? I see so many different numbers of shares and it boggles my mind, which coincidently, is not hard to do!
2) Reports on the ground from Opp suggest they have permits to build buildings and structures, but not the permits to "build" or "assemble" the bio-fuel refinery. Is this a correct statement?
3) Will John Bebee come out and definitively say that the company will not sell anymore shares? People seem to have concerns that the company is secretly releasing shares.
I saw the PR today and I thought it was GREAT. It had the good and the bad. As a shareholder I can really appreciate those kinds of PRs.
I have a ton of other questions but I will let PQL answer those first.
Respectfully,
Uncle Meatball
LOL .008 ask .004 bid!!! That is hilarious!
Do we know the refining capacity of the "mini-refinery" (kind of reminds me of the mini-Ditkas on SNL)?
While I have everyone's attention, is there anything anyone wants me to specifically do while I am in Opp?
I want to try to get copies of the permits that allow us to build the refinery. Obviously some pictures and videos.
Let me know.
Respectfully,
Uncle Meatball
Good Morning Troops!
Only 5 days until my trip to Opp! Does anyone know how long the construction of the plant is going to take? I would think several months, maybe even closer to a year.
And now the bid is at .005, gapping down.
Anyways, I am a patient guy. This is going to take a bit but I think we will all be so happy in the end.
Respectfully,
Uncle Meatball
Incredibly Angry.
I would like to thank the morons at Ameritrade for not purchasing my shares today. They so screwed me. Now the stock is gapping up as the ask is at .0065. I could have got a ton today and I will still get some tomorrow. BUT It will be less. I am so dis-heartened over this.
I bet many of you have patiently waited for the next few days and I just happened to stumble upon this and I want to be in the run. I really think that we can hit 8 or 9 cents a share. It would be heavenly.
Now I am stuck with about 1/5th the shares I would like to have and, bleh.
Sorry to rant guys, just the brokers are ticking me off. So maybe one more quick dip on Wednesday to .005 then blast off?
I am still planning my trip to Opp this SATURDAY. I will have my digital camera and a digital movie thingy as well. I will then make a cheap geocities deal and post what I have found.
Everything I am digging up on this company just makes me feel all queasy, like a first date. There is so much good news here. That being said, it could all go to pot in a heartbeat.
Cautiously Optimistic,
Uncle Meatball
Wow, Ameritrade will not let me buy stocks for 3 days, better than three weeks I guess. LOL Well, I am off to work. I will see you all this evening.
Moreover, their level two works great for big caps, sucks for penny stocks. Tactical Error! Yikes. See you all later.
Respectfully,
Uncle Meatball
Good Morning Troops!
Heh, I am going for a "small taste" of this. My level 2 is not working though :( This kind of stinks.
I have to work in the afternoon but at least I will have a minor position in the company compared to most of you.
Respectfully,
Uncle Meatball
I cannot watch the YouTube videos and conference calls. Please add me.
Thanks,
Uncle Meatball
Uhhh, I am not sure I believe this, but I do believe that Opp Alabama will be a decent size. Like I said in another post, next week I will head up to Opp and take photos and videos.
I also plan to call the office tomorrow.
Respectfully,
Uncle Meatball
I am heading up to Opp next SATURDAY! I will bring my digital camera and make a video so we can see what the heck is going on.
VR
Uncle Meatball
Happy Sunday Everyone!
GO BEARS!
I hope everyone is having a killer weekend. After 4 hours on the phone with eTrade I have dumped them. They wanted like 16 different things to open my account and up to a three week delay. Add in people who cannot speak fluent English and walaah, they gone.
I found it easier just to open up a new account with ATD (30 days of free trades). 9.95 Level 2 and I think that it will work well for me.
I didn't throw much into it, just enough to get my lips wet.
Respectfully,
Uncle Meatball
Thanks for the response.
And to be honest, that makes me feel a little better. I still plan on traveling to Opp, Alabama this week. I will call the office Monday or Tuesday to work out details. I have posted several questions, and while I know not all the questions are answerable, I know that some are.
Sadly, I still do have some questions. However, it is better to have questions than say, "this is a POS company".
Dan99, thanks for the PM. I am not a premier member to iHub.
Finally, eTrade is being very anal, anal is a good word, about reopening my account. Sadly, it should have never been closed and now they want two weeks to open it again. I have three choices:
A) Wait two weeks
B) Open new eTrade account
C) Find a new online trading company
I do not want to derail the thread, so if any of you would PM me who you use, I would appreciate it. Nothing against outsourcing customer service, but my nerves are shot.
My CS reps spoke terrible English, all three of them and I am kind of at my wits end.
Respectfully,
Uncle Meatball
I have concerns, I am not in yet and I need to find out about some stuff first.
The main obstacle is the environmental impact study. So far, from what I gather about Alabama, it is NOTHING like say, Illinois, Michigan, New York, or even Georgia. Alabama is much more friendly to business.
Normally an environmental impact study can take up to 1 year, but as a poster noted (a basher no less) it can be as little as 15 days. This could be a show stopper in most other states. My old state of Oklahoma, they tried to open a refinery and the company couldn't, even tho the state wanted it, EPA is the devil.
The second thing, and maybe even more troubling to me is the new shell company. If the company gets moved to the new shell, what will happen to the current shareholders? Normally, we would be covered, but someone mentioned something about all of us being left high and dry. Never a good thing.
I still think we have time. I always welcome the bashers. Look, they have a job to do, and if the MMs need to load up, then so do we?
Respectfully,
Uncle Meatball
Ok,
I live less than 2 hours from Opp, Alabama and I am planning on making a drive out there to see the site.
According to the presser they said they have hired a construction company to pour the foundations and another company to build buildings that can withstand Category 4 hurricanes.
Questions that need answers:
1) How long before the buildings are up and ready to function?
. a) Are these kit buildings that go up in weeks or are we talking months?[/indent]
. b) Have the environmental impact studies been done to make sure Perihelion can start producing bio-fuels?
.. 1) You cannot just slap together a building, throw in some refinery equipment and get to it. The EPA is a mutha.
2) The refinery equipment is on the way, how long will it be before all the equipment is in Opp, Alabama?
. a) How long will it take to set up the refinery?
. b) Are there any known issues with the equipment?
. c) Does Perihelion have all the required permits, licenses, ect et al to actually operate said equipment?
3) When will the refinery be up and running?
. a) Does Perihelion have the employees in place to run the factory?
.. 1) If not, is senior management in place ready to go once construction is completed?
. b) When will Perihelion turn a profit at this plant?
. c) When will the Opp plant be at 50% capacity?
. d) When will the Opp plant be at 100% capacity?
4) Who are the main MMs for this stock? I do not have my level 2 up until Tuesday.
. a) Where are the bashers? Or have they already done the dead of beating down the stock so MMs can "load up"?
. b) Is Herzog involved? (I hate those guys)
5) Has anyone attempted to call the CEO and ask these questions? If not, I will.
Basic DD conclusions:
Conclusion 1: We have some time to build our positions in Perihelion Global, Inc. I would say at least two or three MONTHS. I cannot imagine the MMs pumping a stock like this before the "rubber meets the road" ie Perihelion is pumping out bio-fuel. We all know they will load up early. I realize there is a shell but would they pump the shell before there is tangible income?
Conclusion 2: If we are to believe the Perihelion Global, Inc. pressers then this company has a real future with tangible assets and land.
Conclusion 3: According to Perihelion's website, they have 20, TWENTY, Market Makers, this is a very good sign as many MMs may be loading up for a surge upward. This could also be interpreted as many MMs sharing the burden of "a dud".
Finally, can a mod unlock my account so I can have 15 posts a day? I am down to one left and I am steadily building my data on this company in which I wish to share, both good and bad. I am not a pumper or a basher, I am Uncle Meatball with some money to invest.
I love these little companies, the last one I did was STXX. I am quite happy with it.
Respectfully,
Uncle Meatball
PS BOOMER SOON AND BEAR DOWN. It is football season after all.
edit: I cannot watch the videos on google, please help.
Is it too late to get a "taste" of this?
I haven't traded in a while and just realized my etrade account still had some cash in it.
Respectfully,
Uncle Meatball