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LMAO Ken!
So if Dyslexic is your cousin/brother and he is my cousin/brother then by default that makes us brothers! How you doin bro? LOL HEHEHE
Renee,
Thank you so much for the information and that helps me a ton. I really do appreciate the time and effort that some folks put into this board and all the posting’s.
ooopps Dyslexic typing LOL
~~~Not joking this time~~~ Every investor has the right to know the status of our money and they are obviously manipulating what is the true status of “our” company. So before I submit a complaint to the SEC I have a question that maybe someone on here can answer or point me in the direction of getting answers.
I know the financials are “due” no later than the 15th of the following month from quarter end. Is there something that happens (IE penalties, trades frozen, no bid, fines) if the financials are not released by the end of following quarter? I am starting to think that the SEC need to know what has happened with PHIN and start an investigation as to if this is a legitimate, real, company.
OR better yet,
The tentative VP of the North America operations , got tired of waiting, and has excepted another job with someone that was actually going to put him to work.
This puts PHIN in a position that it does not feel comfortable entering into the present agreement without someone in place. A search committee has begun the interview process and “should” have a list of candidates in November.
LOL again just kidding
The excuse is:
The computer that they were going to use to type the PR locked up, this caused a re-audit of the acquisition’s computer system, Once they have final FINAL results of the compatibility between the two systems they will be in a position to execute the purchase agreement. But that is, of course, if the logistics of flights from around the world can be worked out to arrange a meeting. Will update you when the computer is operational again.
LOL
Just kidding
I thought it was funny, that was the most exciting thing that had happened on this board in a long long time.
My Guess was going to be President Bush because that is when we started the acquisition process.
Have a good weekend PHIN heads!
If PIHN only pays him for what he writes then PHIN has saved a TON on marketing then!
My question is what is Maxwell doing? There has been only two PR since he was hired.
1) was Q1 financials on 3-30-11 and
2) just a little over two weeks later for the resigning of the LOI on 4-19-11
NOTHING SINCE
So he does not prep the PR’s (there are none) and he sure does not answer emails. So again what is PHIN paying him for?
And … … … … …
If you go and research Maxwell Media it appears that he is only has two companies that Maxwell is associated with
PHIN that has since gone to “limited” warning from the OTCMARKET web site
“Designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available.
The Limited Information category also includes companies that may not be troubled, but are unwilling to meet OTC Markets Group's Guidelines for Providing Adequate Current Information. Companies in this category have limited financial information not older than six months available on the OTC Disclosure and News Service or have made required filings on the SEC's EDGAR system in the previous six months.”
And
One other that has a “STOP” warning due to “This company may not be making material information publicly available”
Could this be the problem????
Last week I got an email reply from Maxwell,
I have sent Maxwell emails (of course I did it with all the pleasantries, hi, thank you for your time, I appreciate your due diligent, yadda yadda yadda) repeatedly, over the course of the last week and ½ the meat of the question was:
On Aug 26 the shareholders email stated that PIHN was going to receive the numbers from STAFF IS in a day or two, then PHIN was going to release the financials, It has been 2 additional weeks. (of course this was a couple of weeks ago). Could you please comment on the time line as to when they will be released.
No reply
Next day, I Resent the same email and stated just reaching out again
No reply
Next day, I Resent the same email and stated just reaching out again
No reply
Next day, I Resent the same email and stated just reaching out again
Then I finely copied Kuni and asked the question of is this the way you treat every investor? Just outright ignoring them?
Within 30 minutes I received an email from Maxwell stating that he had been on a "road trip". But did not answer the question.
So I replied with could you make a comment about the question the I asked?
No reply
Next day, I Resent the same email and stated just reaching out again
No reply
Next day, I Resent the same email and stated just reaching out again
No reply
Next day, I Resent the same email and stated just reaching out again
So finely I copied Kuni again saying that I was done! that I am a stockholder and as a stockholders we have the right get a status of the company that we invest in. I also indicated that my shares will be up for sale and that I was canceling my buy orders and I was advising the other people that I had talked into investing to do the same.
I then received an email form Maxwell stating the same old same old
News “should” be soon, “hopefully” concrete
My reply was, Why should I believe another non-committal answer?
No reply
I would even take a PR on a friday at this point.
This is amazing! You are complaining that the product that OLD management made a mistake on just sit around until the end of time????? NO you say, then would you rather have the product that has shotty/bad labeling go to the retail store that we ultimately want to sell the production runs in. NO????? you say again? Then what would you do with the tea that is unsellable in the production Market and you do not want sold in a second level market? WHAT WOULD YOU DO WITH IT THEN?????????
It seems like you want to complain about the OLD tea but do not want anything for it! At lease HFBG got something for the Tea that was old and not labeled up to standards.
LOL that is where i was at last night tom!
No StarSpangledBanner Was the guy that said that.
Thank you hoggydog, PHIN has so much potential, but is dying a slow painful death and it really does not have to. All Kuni or CB has to do is answers some simple questions that would satisfy the longs (not even looking for the PPS to go up at this point) in feeling comfortable with their investment. All we get is ignored or a NON answer.
We the stockholders have the right to know what is going on with our money that we have invested in! There is no excuse to be this late with the financials! The lack of communication and the lack of follow up and follow through is amazing!
Here is a list of (carrots to steal from Mancan) that we have been told about and then the answer was never given or was forgot about.
1) The Last “Acquisition” from a year ago.
2) The PR from April that indicated that Mid May everything will be done
3) The in the MAY 27th Stockholders email indicated that Financials were close and yet they were not released until June 30th (6 weeks late)
4) From the June 16th 2011 Email
“Additionally, the initial review of the audits on our acquisition target has been completed and the audits are now in the process of being reviewed by the CPA firm’s internal peer review group prior to issuance. We expect to receive the final audit next week. Our company counsel will review the audits immediately upon receipt. We’ll then be in a position to enter into the Share Purchase Agreement.” Why where they late?????
5) From the June22nd 2011 Email
“Additionally, we are pleased to report that we have received copies of the final audits of our acquisition target
and have delivered them to our financial experts for review prior to executing the final documents. The Officers,
Directors of Polaris International, along with our attorneys and financial advisors, will be meeting during the
week of June 27. This will include Polaris Director/Vice President Naolo Higuchi, head of our Japanese Operations who will he flying in from Japan for the meetings.
Following this private meeting, our executive group, along with our advisors, will be meeting with the owners of
the acquisition target to discuss the final details prior to the preparation and execution of the Share Purchase
Agreement and subsequent closing of the acquisition.
Where is the explination to what happened at the “BIG meeting” where everyone from around the world was in one location? Where is the “subsequent closing”
6) The status of the new President and has he been hired?
7) The name of the Acquisition Company (if they contacted the customer base then it is public knowledge now!)
8) The deception of telling us in one email that there was a small glitch in there financials and that everything is ok and resolved. Then in the next email the “SMALL GLITCH” was not resolved and it was big enough to restructure the whole deal. Where is the explanation for that?
9) From the July 14, 2011 Emai
We are also in the process of coordination the logistics for the final meeting in Los Angeles to which all parties to the transaction will be transiting from Japan, India and elswhere for the closing.
If they were in the process of coordinating the logistics for the final meeting in July thennnnnnnn what happened to that? If they were that close…. …. …. An explanation please.
10) The financials for Q2, The Email from 8-26-11 “portrayed” that that the financials were a second priority to the acquisition and that they were going to have the data from Staff IS in two days, and that they would be filed after that well in is now almost another month of delays. The 9-8-11 Email there was absolutely NO mention of the financials.
That is what I could come up with just off the top if there is more let me know I am putting a list together for multiple reasons.
Now do I think that PHIN is a real company MMMMMMMmmmmm yes I still believe that, but I also believe that we are not being told the truth and the trust has been lost, along with any hope of enthusiasm from outside investors has and will be lost for these reasons.
Homey_g what does this mean?
Hi board, I read this board everyday and have only posted to it once before but I thought that I would take this moment and explain the trend in the PPS from a different point of view. LOL
I take full responsibility for this stock’s sideways trading for the last month or so. I bought in, right before the start of the sideways trading and was thinking about loading more at the end of last week when it started its slight slide. I will now stop thinking about buying any more so we can at least return to 6/7’s!!! This is just my luck! And if that works I will sell my shares so the rest of you can enjoy a huge run! LOL LMAO!
Pop, I sent them both an email Friday and resent it again today and have not received an email back from either one.
Anyone else?
Glob, as always thank you for your efforts. Your updates mean more than any email ! LOL
LOL thanks for the hope,,, truth be told I am a huge bronco fan, I know talk about a wake up call needed lol hehehe
Good point Pop, but I guess a follow up question should be, Does acquisitions in other pinks take this long as well?
And I owe you an apology POP
Due to my draft position and the scenario on draft day I ended up with Romo and Dez on my fantasy team that is a sure sign that they will have sub par years
Here is a question to all the veteran pink traders.
Have you seen anything like this before? An acquisition that takes 7 plus months?
Maybe we are looking at it all wrong.? What if Kuni is trying to keep the PPS down, to do a share buy back at the same time as the closing of the acquisition? Could Kuni be rolling the buyback costs into the acquisition? If the financials were very good from Q2 then that would provide a good reason for the delay in the release of Q2 results. Just some questions thrown out there.
I have received an email of apology from CB Maxwell, apologizing for the “Stop the BS comment”. He indicated that he has his set of frustration and I was the recipient of his frustrations.
In return I apologized to him for dragging it through this stock board.
I booked it right next to "next week" LOL HEHEHE LMAO just trying to lighten the mood on this board.
we are all in it now, and there is nothing we can do but laugh
there is no call for the g
Thank you sir
Thank you Glob. Did you ask him if he was going to answer any of our questions or address the IR guy?
Gold, I am extremely happy that they caught the error, that is what audits are for. What I am not happy about is he told us that it was resolved, when in fact it was not, and as far as we know it still is not resolved. We do not know if it has been approved by the other parties yet. Yes I do like the fact that he is not pumping this we have all been able to avg down because of it.
again do not get me wrong I am not bashing, frustrated yes, bashing no.
and by no means do I want to become the villain here that’s Abe's job LOL , I am really an upbeat glass ½ full type, but expect and strive to be the best.
All I think that any of us want is honest, accurate information.
I agree with you, but they chose to give us updates and set expectations with their communications. All I want is for them is to be honest with us. There updates have not been consistent with the expectations from email to email.
For an example: If there is a problem with the audits don’t tell us in one update that it was minor and it has been resolved and you are expecting to start the share purchase agreement in the next few days (in July) And then we get an email, almost a month later, telling us that the whole deal needs to be redone and needs to be reapproved!
Another example is: The status of the person that was ready to become the VP or Pres.? Do we really think that the guy that they were talking to would hold on this long? Have they hired him? In the emails they indicated that he was ready to step in once the acquisition was complete. (again in just a few days) that means that he would have had to remove himself from his current employment/job/working status to be ready.
In one of the emails they were requesting permission to update us with the name of the acquisition company. Then they communicate that they are contacting the customers, making it, public knowledge. We still do not know.
All I am really trying to get to is, have a consistent set of expectations if they change, then acknowledge the change and, reset the expectations. Don’t say one thing and do another. We are the shareholders and we have the right to know what is going on with our shares.
Do you want to lay a wager on, if ANY of your questions get answered?
They do not answer questions.
Newsletter !
It is a newsletter now, not a shareholders update on acquisition?????????
thank you Glob, Have you ever had this much trouble getting a hold of him?
Thank you Glob! You are the man! Among men!
Thanks Abe,
but, what good will it do? If that is there form of communication (if they communicate at all)? why even try? They are going to just ignore you, as they have done, or play there very snarky or assholish games, as they have done.
I am not going to sell out because I have too much invested to do so. But I also realize that my investment is gone this time around, and it is time to shift my interests into other directions. Kind-of that live and learn thing.
Besides that is just the first big strike out that I have had, I am sure that there will be many more lol.
At first I thought that there was no “insider” buying because I thought that Kuni was following the rules of trading and stressing that the employees cannot buy because of insiders info, but now I wonder if it is because there is no acquisition and no real deal.
I apologize for the negative posts today, I guess that, it was my turn to be frustrated today LOL
I replied to the email string that I posted, asking if he could define and/or tell me what he meant by stop the BS.
And have not received a reply.
I have stopped contacting them, along with stopped buying PIHN because if this is the way that they want to communicate with investors and run a business I do not want any part of it.
On the other hand … … … when GLOB has his IPO, I will have cash on hand ready to buy!!!!!! LOL
I have changed my real name to “Gunnisonfox”
And changed my header info into
My Email INFORMATION HERE Header
And changed my footer info to
My Email INFORMATION HERE footer/signature
lastly i removed the why he was on a mini vacation out of respect for the reason. It has no bearing on the rest of the email.
Everything else is exactly the same in the email trail.
____________________________________________________________
From: CB Maxwell [mailto:cbmaxwell@sonnet.com]
Sent: Wednesday, August 03, 2011 2:54 PM
To: “Gunnisonfox”
Subject: RE: PIHN
“Gunnisonfox”,
I have been on a mini vacation to celebrate **************** ****** ***** ***** …things are moving forward…all this talk of BS needs to stop.
CB
____________________________________________________________
My Email INFORMATION HERE Header
Gentlemen,
Just re attempting to reach out to the two of you. Thank you in advance
My Email INFORMATION HERE footer/signature
____________________________________________________________
My Email INFORMATION HERE Header
Gentlemen,
Per your emails you have stated that once you received the final copy of the audits then you would be ready to enter into the share purchase agreement immediately upon receipt. You have indicated that the final audits would be available early in the week of July 18th, then per your email from the 20th the final audits would be available by the end of the week the 22nd or sooner.
Could you please make a comment about the delays?
If you are contacting the customers of the acquisition company then that information is public information now, why have you not completed some kind of a PR?
I apologize if I sound brash or rude, I do not mean to do portray myself that way, I just think that PIHN has good fundamentals and a good business plan but have lost creditability with the shareholders with the missed dates.
When will there be a PR? There has not been one since 4-19-11 therefore we have lost any interest in new investors that, that PR generated.
My Email INFORMATION HERE footer/signature
____________________________________________________________
From: CB Maxwell [mailto:cbmaxwell@sonnet.com]
Sent: Wednesday, July 20, 2011 2:44 PM
To: “Gunnisonfox”'Kuni Polaris'
Subject: RE: PIHN
Hello “Gunnisonfox”,
A new update is being prepared for shareholders and will be distributed tomorrow. CB Maxwell
____________________________________________________________
My Email INFORMATION HERE Header
Mr. Misawa,
Thank you in advance for your time and assistance.
In my last email trail with you I had asked several question that were from direct quotes from your email distributions. While I understand you can not divulge specific information about certain things about the acquisition in your last email you told us that you were contacting the customers of the acquisition company for risk assessment. Does this imply the deal can fall through if the risk is too high?
And
From April 18th 2011 Email
We are currently awaiting the completion of the audits of both the parent company and its subsidiary in India . We have been told by the auditors that the audits on the target company will be completed by the end of this month. Simultaneously, final Purchase Agreement is being reviewed by legal counsels of both parties. In addition to it, we have engaged our immigration attorneys and they have begun reviewing the status of the staffers from India
From the June 16th 2011 Email
Additionally, the initial review of the audits on our acquisition target has been completed and the audits are now in the process of being reviewed by the CPA firm’s internal peer review group prior to issuance. We expect to receive the final audit next week. Our company counsel will review the audits immediately upon receipt. We’ll then be in a position to enter into the Share Purchase Agreement.
From the June22nd 2011 Email
Additionally, we are pleased to report that we have received copies of the final audits of our acquisition target
and have delivered them to our financial experts for review prior to executing the final documents. The Officers,
Directors of Polaris International, along with our attorneys and financial advisors, will be meeting during the
week of June 27. This will include Polaris Director/Vice President Naolo Higuchi, head of our Japanese Operations who will he flying in from Japan for the meetings.
Following this private meeting, our executive group, along with our advisors, will be meeting with the owners of
the acquisition target to discuss the final details prior to the preparation and execution of the Share Purchase
Agreement and subsequent closing of the acquisition
From the July 14, 2011 Email
We are also in the process of coordination the logistics for the final meeting in Los Angeles to which all parties to the transaction will be transiting from Japan, India and elswhere for the closing.
What happened at the week of the June 27th meetings?
You also indicated in your email dated July 14th you told us that you were contacting the customers of the acquisition company for risk assessment. Does this mean that the acquisition company’s name is public information and can/should be released to the shareholders? This information may help calm the nerves of your investment shareholders.
What I am trying to get to here is that you have been saying that this acquisition is almost complete since the middle of April and the news will be next week. Is there something that you can share with me that would make me feel a little better about my investment into this company? Currently I have lost a large amount of money and I am looking at selling off the rest of my investment at a loss, Truth be told that is nowhere near what I want to do because I beleave that you have a good thing started here but the delays are not doing you, the company, and the PPS and good right now. There is a large portion of your investor base that is starting to get extreemly worried. Do yo have a real date in mind that you think that the deal gets completed.
Again, Thank you in advance for your time and assistance.
My Email INFORMATION HERE footer/signature
____________________________________________________________
Folks I just want to remind everyone that was told to me in an email from CB
"things are moving forward…all this talk of BS needs to stop."
SO WE HAD BETTER STOP!!!!!!! LOL I guess we all have stopped.
Stopped buying
Stopped Selling (even if we could) HEHE
Stopped any excitement
Stopped the pressure
Stopped believing
Stopped receiving emails from IR
Stopped ….
Stopped …. ….
Well I guess that I was hoping for the real deal here, but I guess that I have started my investments with a big loss and a huge lesson in Pinks.(Yes I knew that a lot of pinks were scams, I did not think PIHN was.)
I hope I am wrong but I have “Stopped” the talk of BS and have started to think this IS “BS”
Glob when is the IPO???? LOL