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Great Idea !!
I'm not able to follow everything as close as y'all because of my job. Any new info that you could provide would be greatly appreciated.
Uncle Meatball,
I have noticed that usually the "ask" goes up after the market closes and then goes back to the "last" price when the market opens in the AM.
You'll probably still be ok at getting PHGI at the price you want after the market opens at 9:30 AM.
And the Good News Keeps on Coming !!
Webcam = proof of the pudding !!!!!
Perihelion Global Selects Broadcast Electronics (BE) to Equip Communications Division; Announces On-Site Webcam at Biodiesel Refinery
12:41p ET October 22, 2007 (Market Wire)
Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the company has selected Broadcast Electronics (BE) of Quincy, Illinois, as one of the company's broadcast equipment suppliers for Perihelion's communications division.
Perihelion will utilize the Broadcast Electronics series of AM transmitters at the company's WTKN-Mississippi AM station. The company has previously announced its intent to utilize new HD-Radio and AM Stereo technology for its stations serving the southeastern US markets. The new BE transmitters are capable of simultaneously generating both analog and digital radio broadcast signals. Broadcast Electronics' components come from a company with over 40 years of proven performance, stability, and innovation.
The company would also like to inform its shareholders that Perihelion has made appropriations to have an on-site webcam installed at the Opp, Alabama biodiesel refinery site. This will allow shareholders and the general public to view the progress of the ongoing construction of the company's first refinery. Along with regular updates released by the company over the newswires, Perihelion believes the addition of the webcam will provide further transparency of what is actually happening 'on the ground.' The company expects the Opp, Alabama webcam to be operational later this week.
About Broadcast Electronics
Broadcast Electronics (BE) is the premier provider of mission-critical solutions for over-the-air and Internet radio. For more than four decades, our pioneering developments have set industry standards for innovation and reliability, while providing broadcasters with new options for operational productivity and income generation. BE products encompass program generation, audio and data management, interfacility transport, and analog and digital (HD Radio and DRM) transmission. BE equipment is used daily in more than 10,000 installations in nearly 100 countries. Our Total Radio solution permits stations to purchase fewer, more powerful components resulting in more efficient operation. Thanks to our historical, singular focus on radio and the breadth and depth of our technology, BE is uniquely qualified to assist terrestrial radio broadcasters in making the transition to digital transmission.
Website: http://www.bdcast.com/
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.
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
SOURCE: Perihelion Global
mailto:john@perihelion.com mailto:mvarley@perihelion.com
bought 82,000 yesterday at 0.005
HOLDING LONGGGGGGGGGGGGG .....
YES !!!!
YES, YES, YES, YES !!!!!!!!!!!!!!!!!!!
Hi Mr. LaRive,
Thank you for the FACTS !!
We have had to much speculation on this board. I'm sure that John Beebe and Company will do great. These things take time to develope.
Actually, I think we are going to be fine, especially long term. PHGI is going to make money.
But it would be nice to get a weekly update.
It would be nice to hear some news.
Bio-diesel Plant Construction ?
Canadian Company ?
Gold Mine Status ?
Uplist to OTCBB ?
It would be nice to hear some news.
Bio-diesel Plant Construction ?
Canadian Company ?
Gold Mine Status ?
Uplist to OTCBB ?
Can't wait THAT long !!!!!!!
I'm getting to be a old man. Can't
enjoy it when I can't do anything
fun with it. !!!!!!!!!!!!
Wow.. Thanks for the info.
I'll have to look further into this.
FYI: Borrowered Shares
Mr. XXXXXX
Thank you for your e-mail. In a cash account, your shares will not be borrowed. Please let us know if you have any further questions.
Jonathan S.
Apex Client Services, TD AMERITRADE
Division of TD AMERITRADE, Inc.
Moving Up !
Bid: 0.009
Ask 0.01
PHGI UPDATE 7:13 PM ET Sept 27,2007
Perihelion Global CEO John H. Beebe Issues Open Letter to Shareholders; Provides Status Updates and Information on Various Corporate Matters
http://www.marketwatch.com/quotes/phgi
WILMINGTON, DE and SANTA ROSA BEACH, FL, Sep 27, 2007 (MARKET WIRE via COMTEX) -- (PINKSHEETS: PHGI)
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.
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
mailto:john@perihelion.com
mailto:mvarley@perihelion.com
mailto:ed@perihelion.com
I spoke with a member of PHGI management yesterday. ( no names please.) Talk to them and they will answer your questions.
1-866-748-7610
1) JB and the management can do NOTHING about the share price.
That is controlled by market makers and will eventually improve when the company starts reporting revenue.
2) The OPP Bio-Diesel plant is still a GO, and according to management will be in production on their schedule in late 2007 and 2008.
I did not bring up in the conversation the gold mine or PHGI Canada.
Despite how the situation looks now, in my opinion, this is a company with a future. GO LONG and hold on. 2008 will be a profitable year.
I hope so.
welcome to sub-penny land.
bucket and shovel...
"I'll get my grand-daughters bucket and shovel
that she plays in the sand with when we go to
the beach !!!!!!!!!!!!!!!!!!!!!!!!! "
LOL
Thanks PQL !!!!!!
Hi PQL Research,
If this merger goes thru, how do you think the PHGI share holders will do ? Will we come out in a better position or worse position than we are in now ?
Hi X-Fortune 500,
that makes my evening...
i love it... hahahahahah
Hi PQL... YEP....
As the value of the U.S. Dollar drops, gold is going to continue to go up, eventually going well over $1000.00 per ounce and probably MUCH higher.
Great time to own a Gold Mine !!!!!
And don't forget about the price of Oil going up,( as dollars continue to loose more value ),
Great time to produce Bio-Diesel Fuel !!!!
"AND let us try to help Mr. Beebe Build the company in peace."
YES Bikerider99 !!!!
The best advise I've read here in a while. If we don't interrupt and bother JB and his Men, they will get the job
done faster and everyone will enjoy the rewards sooner.
This eagle is gonna soar soon !!!!!!!!!!!!!!!
yep..it does take time.
Rome was not built in a day and I
think we are GOING TO HAVE A VERY
GOLDEN CHRISTMAS THIS YEAR !!!!!
Load up while its still low. This LOW PPS
is'nt gonna last much longer !!!!
GO PHGI !!!!!!!!!!!!!!!
new amendments to Regulation SHO; Final Rule as a positive outlook for PHGI Stock Holders IMO.
Effective Date: October 15, 2007
http://sec.gov/rules/final/2007/34-56212.pdf
Thanks Screamer,
Very Impressive.
September 3rd is Labor Day. (U.S. Markets Closed).
I saw the news release. This is going to
still take time to develop.
I may get back in when the PPS hits 0.05
and ride it back up again.
This is probably our last opportunity to load up and then
hold tight.
At some point in the near future, PHGI stock is going to become hard to purchase and probably very expensive.
I agree.
This is going to be a wild ride !!
NEAT CONTRAPION... I LIKE THAT !!!
I'm just trying to keep a positive attitude.
I'm wanting to see which way the PPS goes
when fuel production starts up.
Hi Scovanner,
E-mail JB your concerns and see what he says.
http://www.perihelionglobal.com/contact.php
I'm in to deep go get out and I have seen this
type of situation happen before. After (that) other
stock did nothing for months, it suddenly took
off and went thru the roof.
I lost out on that one, and I said that was'nt gonna
happen again. At least I hope it won't happen again.
Transparency and $$$$.$$ income = PPS Moving Up.
Thats true.
But a matter of time is sure turning into a long time !
Have a good day.
No news = no interest.
I would'nt count on anything happening this week.
And what else is there ??
There MUST be something else we've overlooked !!
OR PHGI Canada, the stock listing on the CNQ.
Did everyone go on vacation or back to school?