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Hey!
I have a question for anyone here. I'm really short on time right now, so I won't be able to read the answers until later tonight.....but.....what is an "Exchange Act reporting company?"
For any who answer.....THANKS!
Well,
That's one reason why I hope that I'll be able to go out to Opp and Utah in late April. I really, really hope that I can, but as I said yesterday...it all depends upon one thing happening.
But if that one thing does happen, and if I get to go, I guarantee that I'll find out WHY the gold mine hasn't been mined first. Because I can see the logic behind your statement. But I've also been to Utah before, and I know that getting the gold out of the ground isn't quite as easy as it might sound.
Oh! And I just remembered one thing. Wasn't PHGI trying to get a JV going to help with the mine? And didn't they say that so far it had not been successful because the prospective partner(s) wanted too much control? If that's the case, then PHGI might have to lower it's sights a little bit. If I were the experienced JV mining partner, I would want a lot of control too.
Shorts,
Believe it or not, I totally agree with most of what that poster said....except for the part where one never gets their money back.
Case in point.....a little stock called FTEL. I don't know what the symbol is for it now, or even if it's still trading, but it's one where my husband had bought 10,000 shares of it and it did practically every sneaky thing in the book. But it was sexy, and it had a lot of followers and I said to my husband...."Why don't you just hold onto it? It'll be $10 someday." Now this was back in 1996 when the bull was really just starting to roar. Well, hubby didn't listen, and guess what....it went to $10 one day.
And then there was JAWZ. A friend of mine bought 23,000 shares of it at $1.00. It very quickly went down to 15 cents.
I said to the friend, "Why don't you buy more? It'll be a $10 stock one day." Friend didn't listen...sold instead and guess what? JAWZ became a $10 stock one day. Actually it went to $14, but who's counting?
I don't trust people who are negative ALL the time like that poster seems to be. I might agree with him 99% of the time and 99% of the time he'd be right...but then, because he's so negative, he'd be too obtuse to see when the exception was staring at him right in the face. Either he'd be too obtuse or he'd be too filled with his own importance to be flexible.
Ya gotta be flexible shorts. Gotta ride that horse. Twice before, I've been right when the odds have been against it. And fates willing, I will be right yet again on PHGI while your friend is pontificating all the reasons why I should be wrong.
And LOL!
Don't EVER say to a woman...at least not this woman...END OF STORY. That'll practically guarantee a six page dissertation as to why it's NOT the end of story. :)
And now then, you also didn't read carefully my post where I talked about business plans. You said that a good business plan would not be criticized. And I said, that a good business plan is always changing, to meet the realities of the day. AND I said that everybody has different opinions as to what should be done. So what might sound good to one, might elicit a totally different reaction from another.
Let's look at PHGI's original business plan and you tell me where it would be criticized. Let's see, the plans were to build a larger facility in OPP. There was even a firm that was going to do most of the the funding without issuing shares. (Through bonds, I think). That sure sounds good to me.
But now then, what happened? The real estate market started to fade, and if I'm remembering correctly, the interest on the bonds became rather onerous. I know that it had something to do with the real estate market and bonds.
So....what happened to that original business plan? It had to change...to meet the changing circumstances. I hope that you get the picture. No business plan is set in stone. I have not EVER known a business plan that didn't have to be tweaked at one point or another. That's why it's called a PLAN.
Don't argue with me on this Shorts....I know what I'm talking about.
Shorts,
I'm crushed. I don't think that you read my posts very carefully. I DID mention about after it was filed. I even expressed some thoughts about it.
As for you finding it, I have to commend you for that. That was being alert. And you're right. We did deserve to know about it. But I'm still not sure if it should've been through a PR or not.
EE,
OK! And now we can add Central America to my list of those who think that biofuels can make it. I especially liked this paragraph in your article....
In August, New York-based Amelot Holdings Inc. and Pan-Am Biofuels Inc. of Park City, Utah, formed a joint venture to develop a 2,000-acre jatropha plantation in Guanacaste, Costa Rica. The plantation, when fully operational in mid-2008, would produce up to 3 million gallons of crude jatropha oil. The project has been successful thus far because of the region’s ideal jatropha growing conditions and a unique, low-risk funding method, says Pan-Am Biofuels President and Chief Executive Officer Joseph Black. “[Costa Rica] is very eco-conscious and they believe that the biofuels industry will reinvent farming, revitalize the economy and protect their national interest [regarding dependence] on fossil fuels,” he says. “They import 100 percent [of their oil] from Venezuela at this point. They really welcome biofuels into their country.”
I especially liked the part that talks about reinventing farming, revitalizing the economy and protecting the national interest regarding dependence on fossil fuels.
Now then, can PHGI come through on all this as well? Well, they wouldn't have started the company if they didn't think that they could....and once the biofuel plant begins, I think that we might begin to see an eventual symbiotic relationship with the gold mine.
So.....the heck with what anyone else thinks! I'm rooting for the eventual success of PHGI!!!!
Well, the Federal government disagrees with you on whether biofuel plants can be profitable or not. And so does most of Europe, from what I have read. And Brazil. And Colombia.
So....I'm hoping that they are right.
Ok, I'm sure that you are aware that the $40 million dollar incentive is coming from the State of Alabama. I'm also sure that you read all about it in the press release that came out early last year.
You're just funning with me, aren't you, because I said "Local" instead of "State". Dang, I always get those confused.
But the $40 million incentive is real. And yes, I am very, very aware of expenses incurred when starting a business. I don't think that you mentioned payroll taxes in your list. That's a biggie.
I've been trying to find some financials from an ongoing biofuel plant that would give me an idea of what margins to expect. Perhaps you might be able to find one for me? I know that some of the earlier plants had financial difficulties, but there has been so much learned since then about how to process and what to process. That Jatropha that is being studied at Clemson is one of the top 5 out there.
avdave, it is really an EXCITING time for the world and I sincerely mean that. To watch the whole world endeavor to rid
itself of the crushing dependency on oil is good to see. I don't think that even the big oil companies will mind too much because I would think that they would be able to convert.
And it will be SO MUCH BETTER for the environment!!!! I am really excited about it! How could anyone NOT be? Until I came across PHGI, I had no idea how much has already been accomplished with this new and growing industry. Did you know that there is a plant over in Germany that has figured out how to increase their profits by utilizing some of the electricity that they don't use?
It was pretty cool!
Shorts,
That link about CEO's was cute. I don't think that they're all liars....I just think that it is part of the nature of the beast to only be able to convey good and uplifting news about the company. And it's not just the pink sheet CEOs.
After all, the CEO is the one at least partly responsible for the public's perception of their company. And the company is in many ways their baby.
Look, again, I can understand the disappointment and the dismay over the share price and over the Reg D and the increase in authorized shares. I'm not exactly jumping up and down with joy over those either. But neither am I saying, "To Hell with it all...they are all just a bunch of crooks". I'm not saying that because I know first-hand some of the many challenges that a new company faces in the first few years, and I also know that things don't always go as planned.
And bottom line.....the OPP plant IS being built. And so I still am looking forward to the future.
PQL,
Thanks! I had never heard of Trader's Nation. It must've been before my time.
Well, like I told Boatman, the Reg D filing wasn't public until it was filed, and so again, I don't think that John Beebe would've been at liberty to mention it before then.
I don't know much about the purchase of TDWV, but I'm hoping that is a GOOD thing, because I'm hoping that is the vehicle where we will be going on the OTCBB. I don't think that the .0001 price that you're saying it's at now means much. For now, it is still an empty shell.
As far as the gold mine goes, I think that the main focus on the company now is to get the revenues flowing from the OPP plant. I imagine that the gold mine will be mentioned again eventually.
And we will only be diluted into the Cellar if NO GOOD THINGS happen in the future. Once the OPP plant is operational it would not surprise me to hear some good things coming about.
boatman,
Yes, it was a public filing....once it was filed. But before it was filed, there is no way that Beebe would've been able to mention it.
Now, should he have put out a PR about the filing? I'm not sure. I can understand the camp that says that he should've, but on the other hand, I normally think of PR's as a company's way of sharing GOOD news.
One thing is for sure....whether he put out a PR or not, it doesn't change the facts that a Reg D was filed.
avdave,
I just realized that you had no comment to make when I pointed out about the tax incentives (especially the $40 million local one).
So, I am going to assume that by not acknowledging it, that you are in tacit agreement that I am RIGHT!
Thank you.
Hi Dave!
From memory, the August date that you mentioned sounds about right for the sale of FGOVF. As far as the price of PHGI goes, I have no explanation. From my memory, I had thought that I had bought it at around .012, but according to the trade confirmation that I saw recently for the purchase of PHGI, it read .0065. I remember being delighted when I saw that because I hadn't realized that I had bought it so low.
I definitely know that I bought PHGI in the same hour that I sold FGOVF and I definitely know that I sold FGOVF at $1.06.
That is a price that I am CERTAIN about.
I have bought several blocks of PHGI since July, so since you're saying that it was later than August that PHGI was at .0065 (and I have no reason to doubt you on that) then I'm thinking now that the trade confirmation that I saw for .0065 was perhaps during a different purchase. I really was in no state of mind to my mindful of such things as dates. I just know that in going through my husbands things, I found the .0065 confirmation and I just assumed it was the one for the FGOVF trade.
To answer your other question....there is no way on Earth I would've had the knowledge to sell FGOVF and then wait for PHGI to go lower. If anything, when I bought my very first shares of PHGI at around .02, I thought I had gotten in at the bottom. And then I bought a whole lot more shares at .012 and I was sure THAT was the bottom. And from memory, that is actually the lowest that I remember buying it at, which again, is why I was so delighted to find the .0065 confirmation....which unfortunately was still not the bottom.
And now I'm wondering if the .0065 price that I saw was on a confirmation or was it on a statement? If I had the energy or enough curiosity I would go through the boxes and boxes of things that I've packed away and try and find out...but I have no inclination to do that.
I just know FOR A FACT, with NO DOUBTS...that I sold FGOVF at $1.06 and immediately bought shares of PHGI. My goal was to own a million shares of PHGI and in December, 2007, I surpassed my goal.
I have no plans to buy anymore of PHGI, regardless of what happens in the future. Owning over a million shares of ANY company is ENOUGH!
Shorts,
Thank you for the kind sentiments.
And now then,if you truly believe that the original plan was just to sell shares of stock, then I certainly do hope that you are wrong. Put it this way, one of us is going to be wrong, and I don't want it to be me.
Which brings to mind a question I was wondering about. Last month, you actually seemed somewhat ecstatic about the future of the company. You even stated that you didn't think the price would go below 1 cent again. I wondered at the time what sort of good information that you had come across to get you so excited....because that's what the energy behind your posts conveyed....excitement.
But then, when you discovered the Reg D, I sensed a great deal of disappointment emanating from you. I mean, you were REALLY disappointed! I take it that the Reg D discovery came as a complete surprise and shock to you, and now you feel betrayed.
I can understand that. I really can. The only words of encouragement that I can give you is that Beebe would not have been at liberty to mention the Reg D. I am assuming that you have been talking to him....in which case you are ahead of the curve from me, because I have spoken to him very, very briefly and never about the company.
I have found that speaking with CEO's is pretty much a waste of time. Remember, don't listen to the words, watch the actions. If you're watching the action with the Reg D, then, once again, I completely understand the sense of betrayal that you must feel. But you have to go deeper than just one action and look at ALL the actions.
With PHGI, when I put together ALL the actions, I still feel optimistic and hopeful for the future.
Hi Double E,
You deserve some great kudos for staying out there. I always felt a little bit guilty when I read your posts because so many times you seemed to be so alone in your stance. But by golly, your answers were GOOD!!!!
But I'm glad that you understand that there was just no way that I could post. But I'm glad that I'm back now. I won't have too much free time over the next couple of weeks, but after that, my time will be much more free.
And we will see together how the future of PHGI plays out.
Hiya Shorts!
Are we talking about business plans or business plan results?
Now if it was in the original business plan to hire a stock promoter to hopefully increase the share price of the stock, now then who could argue with that?
BUT, if we're talking about the RESULTS of that part of the business plan, then obviously it failed dismally.
But that's the beauty of business plans. A good business plan should NEVER stay the same. It is always (or it should always be adjusted according to current events). In other words, what might have been the original business plan should be adjusted periodically.
Some companies adjust theirs once a year, some once a month, some just adjust when current circumstances warrant it.
Now from what I understand, PHGI had as part of it's original business plan a way to finance the construction of the originially planned large plant. But then the real estate market started going down and so they had to be nimble and quick and go to Business Plan B....which entailed buying a small plant out west and beginning to build a much smaller plant than originally envisioned.
Now some companies would've just given up when Business Plan A failed to materialize, but PHGI DID NOT GIVE UP. It's like riding a horse....you have to be nimble and fast-footed and be able to adjust to changing circumstances. PHGI is doing that. Could they still fail? OF COURSE! But they could also still succeed and succeed BIG!!!!
LOL!!!
Well, there is your answer! I'm a woman....I don't have balls. ROFLMAO!
And you're right...if one looks solely at the present PPS, then the only grade that could be given is an F. But I'm looking beyond that. I'm looking into the future...and that is the main reason why I remain optimistic.
Hey, once again....I'm a woman...and sometimes we see things that those with Balls can't see.
avdave,
I think that you're forgetting one thing when you talk about profits. And that's the government (both at the federal and the local levels) incentives via taxes.
Now granted, with income taxes, one must first be showing a profit to be able to use those credits, BUT, remember, PHGI is also going to be getting some POWERFUL incentives at the local level too....a la property taxes. Now that's going to help them to lower expenses by quite a bit. If I'm remembering correctly, aren't they due to get about $40 million in local incentives?
And even with the Federal incentives, if a profit isn't generated the first year, those incentives can usually be rolled over to be used in later, profitable years.
I think that you really need to start realizing just how MUCH it means to have the government behind a company's endeavors.
And believe me, the government is totally behind the alternative energy movement.
Also, I think that your quotation marks around "management fees" was a rather cheap shot. It doesn't take a dummy to realize what you were trying to imply. That was not nice.
Ah yes, Shorts....in my mind he is in is own category as I think that he actually WANTS to see PHGI succeed, but keeps being disappointed in it. Such as the REG D filings. Which, by way, whenever I see a REG D, I assume that it is a given that shares are being sold, so I don't really have to wait for shorts report. Of COURSE shares are being sold.
Now there are two reasons why a company would issue more shares. One reason would be to line the officers pockets and to rip off the "little man" and the other would be to use them to help the company grow and eventually make the added value that the shares would bring the company make the "little man" become more wealthy.
Now I guess it all depends on which scenario one believes that PHGI is doing. Now if PHGI were doing scenario # 1, then I would agree with the bashers. The principals in the company should be drawn and quartered and their entrails fed to the dogs. (Who said that women were non-violent?) :)
BUT, if it's scenario # 2, then sometimes things (such as Reg D's) just have to be done. All companies do it one way or the other. Or at least I've never seen a company not do it.
Now then, let's look at the ACTIONS. Don't ever listen to the words....look at the ACTIONS. Are the actions of the principals of PHGI ones that appear to be people TRYING to make a go of the company or are they not?
First action.....there is really truly construction going on at OPP, with plans in the making to hire people. And a CAMERA, by God, a CAMERA, was put into place so that interested parties could see what was going on. What does that tell us? To me, that camera is a POWERFUL statement.
Second action....a road was truly built to the gold mine.
What does that tell you? Is somebody going to build a road just for the fun of it? I don't think so.
Third action.....I can't think of the name of that plant that is being researched at that university in the Carolinas (I can't even think of the name of the school), but hopefully you all will know what I'm talking about. Does that research show people who are not TRYING?
Once again....don't listen to the words....look at the actions. Now the Reg D is also an action....which brings me back to my first point.....WHY? It's up to each of us to determine if that why is for the detriment of the shareholders or if it's for the growth of the company and the actual good of the shareholders...and to help come up with that decision, one must look at the other ACTIONS.
Because I am watching the actions....my decision lies with Scenario # 2....It's for the growth of the company and the future good of the shareholders. I will believe that unless subsequent actions of the company persuade me otherwise.
P.S. I guess that we could call this message RANT # 3. :)
Ok, here goes rant # 2....or maybe one should call it an observation.
While being off the board, I noticed no matter what was stated or what was shown, neither side, both pro PHGI and con PHGI could readily be persuaded to give up their beliefs.
Now the pro PHGIers, I can understand. When one has money invested, one doesn't care to lose it.
But the anti-PHGIers, I can not understand. There is a ton of energy being spent by the anti-PHGIers to be sure and present PHGI in nothing but a negative light. Why would somebody spend THAT much time and THAT much energy in a stock that they don't stand to lose any money on?
So, since that doesn't make any sense, I figure that there is some sort of interest that is invested in PHGI, whether it be financial or pride....that keeps them trying to knock PHGI.
Now in looking back....it appears to me that the really negative posting began after the worm06 began taking an interest in PHGI. A worm is something that can crawl inside things.
Now could all the energy being used to present PHGI in a negative light....day after day....hour after hour....be because someone doesn't want PHGI to succeed or could it be because someone doesn't want alternative energy to succeed?
Now if it's the latter, then I would suspect most of the negative posters to be residing overseas, with interests in oil.
If it's the former, then it could be a competitor of PHGI OR just somebody whose pride was hurt for some reason or the other by the principles at PHGI.
And if it is the former, then that is really pathetic. Why? Because we are all going to die someday. Now the men and women researching and doing their best to present alternative energies to the world are going to leave their mark on the world when they die. Hopefully, they will die making it possible to help clean up pollution and making the world a better place for our descendants.
But those who are only on here to bash...what are they going to leave the world? The answer is.....NOTHING! If one of you bashers were to die tonight, you would have left the world NOTHING! The energy that you are using against PHGI is SO NEGATIVE!!! I don't believe that you could possible be truly happy in your personal lives. Nobody can create that much negativity and be happy. Not truly happy. There's got to be some sort of dissatisfaction with oneself.
I guess that's the end of rant # 2. I know it won't change things, but I wanted to say it. Also, I wonder how many of the negative posters are actually the same person? Just a thought.
Boatman,
Thanks! I'm sorry for your loss too. Losing two loved ones close together is rough.
And, like you, I hated to see the REG D.....although if one looks at it in another way, doesn't a REG D mean that private investors are coming in? I'm not sure....but that's what I always thought that it meant. If I'm wrong, then I'm sure that somebody will correct me. And yes, I REALLY hated seeing it at such low prices. But, still, even with the extra shares, PHGI doesn't have THAT many.
That's why I just kind of waiting to see what will happen. I think that it's pretty obvious that the plans to go on the OTCBB are still in the works. Once that happens, we will all know a lot more.
Shorts,
I have never yet seen a business plan that can't be picked apart by SOMEONE. Whether it's good or not is not the point. It's because it's a PLAN, and people always have different ideas as to what works and what doesn't.
SurfinNJ,
Thank you very much for the kind words. Yea, it kind of threw me for a loop for a while, but I'm starting to emerge from the fog. The part of my life that I shared with Tom is over. It will never be forgotten, but it is over....and I have to start living the beginning of this new phase in my life.
As a few of you know, I will be leaving home for 5 months in July to travel to St Louis and begin training for a career as a professional dog trainer. And after that, I plan to return to college and get my BA in Spanish. There's a whole lot of living yet that I plan to do.
AND, if one thing happens between now and April, I plan to make a personal visit to Opp, Alabama and to the gold mine in Utah. Now that's not a given....it all depends on one thing happening....but if it does, I promise that I will come on here and give FULL reports...both the pros and the cons. I'm real, real good at interviewing people. Of course by April, the Opp Plant should be in production so that would make the trip even more exciting. So....I'm keeping my fingers crossed that I'll be able to visit both sites.
boatman,
Will you please stop being such a whiney-baby? I don't want to sound negative toward you, but I don't know what else to call it. I read where you would lose about $8000 if PHGI were to fold. Ok...I would lose about twice that. But it's not the amount of the money, it's the percentage. PHGI's value when I bought it was about 1/3 of my portfolio.
Yea, yea, I know, I should never have put that much of a percentage into a penny stock....but you know what? I had my reasons and quite good reasons they were (and still are). And if I lose it, I lose it! I'm not going to go around life being bitter or angry at the company. What a waste of intelligent energy.
And your rants are not going to stop people from buying what they want to buy. And why should they? People will always be trying to catch the pot of gold at the end of the rainbow, and sometimes they manage to catch it! And if they don't, then they pick themselves up and try again. Or they should.
I bought some carpet last week. And you know what? It is made of corn. The older carpets are petroleum based, but the newer ones coming on the market are made of biodegradable material. And you should feel how much softer the carpet made of corn is from the carpet made of petroleum.
Biodegradable energy is NOT going to be going away. It's still a young pup compared to petroleum, but that young pup is going to grow. I've said it before and I'll say it again. You do not have as many government incentives standing behind an industry such as biodegradable fuels and not have it be meant to succeed.
Well, I'll allow myself one good rant every few days or so. That was my first one for this week. Carry on!
Hi all!
I've been gone from the boards for a couple of months. My husband died very unexpectedly and I just did not have the mental energy to be around negativity. But I still have all of my shares and I do have some thoughts to post over the coming days.
My thanks to the person who PM'd me asking if everything was ok.
That was very sweet of him and I did appreciate it! Still do appreciate it!
I will just relay a short anecdote. About one hour before my husband died (well he actually died 3 days later, but it was one hour before he ended up being in a coma, so he was dead to the world) he was very disappointed that I had sold 4000 shares of FGOVF in order to buy more PHGI at .0065. I sold the 4000 shares of FGOVF at $1.06. Sure enough, the night my husband died, FGOVF was at almost $3.00. Had I waited to sell, I would've had almost tripled the money. Of course, since FGOVF was bought at about 50 cents, I had made a little over a double on it, but to make a six bagger sure would've been sweet.
Anyway, I have since bought back the 4,000 shares of FGOVF at an average of $2.05 per share. Of course, it is now down to about $1.95 per share. I felt that I had to buy it back in memory of my husband. Do I blame PHGI or FGOVF? Heck no! All the trades were decisions that *I* had made. Do I really even blame myself? No, I don't. It's just one of those things and the game ain't over until the fat lady sings.
Now if PHGI were to fold, I would lose about $15,000. I don't want to lose that much, but if I do, hey that's life. BUT, if PHGI even goes to .04 in the future I will have about tripled my money....in less than a year. Those are the chances that one takes in buying penny stocks. Big rewards or big losses? If one is not aware of that going in, then one has no business being in this type of market.
I have a LOT of thoughts on other things that I've read on this board, but right now I just feel too lazy to vocalize them. So, until later, everyone.
One more message, LaRive.....
I was sitting here reading the words that I had written when the thought dawned on me that we must be going to be hitting one hellava mother lode on that mining property.
It'll be interesting to see if that thought turns out to be right.
LaRive,
I have to think for a moment on how to reply to you concerning your vision of PHGI's future. Now I know that I've mentioned on here that for the first time in 4 years...the first time since Wheaton....that when I found PHGI...I knew that it was going to be big....that I knew it was going to succeed. But I have to admit....even the vision I had of it wasn't as good as yours. But I LIKE yours!
And I know what you're talking about when you talk about envisioning things. I've just really started doing it in my own life about money. But I have been doing the exact thing that you're talking about for years concerning health and travel.
Concerning health.....nature has been very good to me. I refuse to get sick...I just refuse to...and I've amazed at least one surgeon who was preparing to operate on me for a massive abdominal tumor....only to find it gone! To tell you the truth...that one amazed me too....and that's when I learned that I could control a lot of what goes on in my body.
So....although I'm 57, I have the same energy and stamina as I did when I was 25....I can outwalk most any teen-ager and I just LOVE LIFE...even when I'm depressed! I always tend to see the good in things...which drives my family nuts sometimes....they call me Pollyanna.
And now for travel....wherever I travel...the weather is always good. Anybody can check out what the weather was like in New Orleans this past weekend. The weather was PERFECT!!
I always laugh and tell people that if they want to have a good trip, invite me along. I've truly never had a bad trip in my life. And I've traveled a LOT!
So yes, I can believe what you say. It's not some magic hocus-pocus. It's following the natural laws of the universe. So sure, why not? Since I like your vision....I don't have any problem repeating your words (even though I'm sure you're much farther along in the faith of those words than I am...but give me time and knowledge). At least I was given the first bits of knowledge when I first saw the stock.
So here's at ya, LaRive....PHGI is going to be the biggest thing in the USA!!!!!
LaRive,
I didn't know that you were from New Orleans! First of all, I am so sorry to hear about your friends and your parents. How sad!
But I think that is one reason why I was so impressed with New Orleans. The courage I found there. True courage isn't necessarily fighting the "bad guy." To me, true courage is just keeping on keeping on even during times of great adversity. There wasn't a single person I met there who had not been deeply affected by Katrina, and who would've given anything to not have had Katrina happen, and yet they still just kept on living their lives...doing what they had to do.
That's courage! And New Orleans is filled with optimists! Everywhere in the city one sees banners proclaiming the rebirth of New Orleans. And such PRIDE! I don't think I've ever been in a city that has such deep pride. It's very impressive.
Ok....I just have to tell you one of my stories, because I know that you'll appreciate it. I met a guy there from Philadelphia who had been in New Orleans last January when the Saints were in the Play-offs against the Eagles. Now this guy is a diehard Eagles fan, so he went into the little bars in the French Quarter wearing his Eagles sweatshirt. He laughed and said that everywhere he went, people would come up to him, start talking and told him...."We're going to beat your butt, but hey, man....thanks for coming here! We really appreciate it!" He told me that they were so grateful and just so darn nice that he ended up by the end of the evening giving some of them his Eagles sweatshirt!
I met another guy (a native) who told me, "When you leave New Orleans, you're going to miss it!" And he's right! I would LOVE to be sitting at Cafe du Monde right now eating a beignet and drinking a cafe au lait. Oh geez, don't get me started. I was only there for the weekend, and yet I've got story after story after story. And I wasn't just in the tourist spots. I saw the devastation still there...and the rebuilding taking place....there was more devastation still there then I had realized. Shopping centers....abandoned....rows and rows of apartment buildings....abandoned. I saw the FEMA trailer parks and the new Musicians row. But hey, NO MATTER WHAT...New Orleans is coming back! And I think that everybody should go there and experience it!
And I think that the police got a bad rap in the media. My Dad used to say "Until you walk a mile in a person's moccasins, you can't judge." I think of the police I saw there who were doing a great job....and of the one I spoke with who told me that he would never be the same person as he was before Katrina. He told me that he saw things that no person should ever have to see. And his eyes filled with tears when he spoke of the dead bodies on that median strip in front of the convention center and how there was nothing that he could do. And in the neighborhoods of East New Orleans, and many others, each house door STILL bears the markings from the rescuers that told the date the house was inspected, who the rescuers were, and how many, if any, dead bodies were found inside.
Now you see? I did get started. Shut up, juanly! I'll have to answer the next part of your note in another post.
Uncle Meatball,
Which brings me to another question. I noticed PHGI doing what I call "backfilling" today. What I mean is that there was definitely pressure on it for it to go lower, and it did hit .0036, BUT then it backfilled and ended up at pretty much the same price that it began.
I remember reading once that stocks "talk" to investors. Well, to me this one was saying today that there is a whole lot of demand at the .004 area since it backfilled.
So.....if the MM's thought that .004 was too high and wanted to bring it to .0003 so that they could load up more....do you think that they have the power to do just that....no matter what kind of demand was out there at .004?
I think that they have a lot of power....but not THAT much power. Not enough power to circumvent tremendous demand at a certain level. Of course I guess it all depends upon what is happening in the stock. If good news were to come out, then they wouldn't have that much power....If no news were to come out, then I guess the MM's would just have to bide their time and wait for the demand to subside so that the price could be brought lower.
Am I on the right track? If I am, then PHGI defintely needs some good news to put it on an upward momentum so that the MM's can raise their expectations and therefore have the raised projections reflected in the price of the stock.
Have a great evening! Bye!
Double E,
Not me! I don't want PHGI to get any lower than it is right now. Right now it's low enough! I'm off to bed with visions of money just "pouring in!"
I like my vision better'n yours!
That is so cool!
I guess it's kind of like being the "house" in a casino.
They might lose temporarily, but always come out ahead in the end. That's why I like trying to figure out how they think...so that I can ride the gravy train up or down with them.
Well, here's hoping that some news comes out that will blow PHGI's price right out of the water. It's not for myself, you understand. But I don't want my sweet little fortune-teller to be wrong. :)
BTW, I think that PHGI already knows that there is platinum in their mine. If I'm remembering correctly, I read that somewhere.
Thank you very much for the insights!
A million or two in a day?
And here I was being happy at being called a "young lady" by that fortune teller.
I think I'd rather be an old codger! :) lol!
Uncle Meatball,
Why you old codger you! (Meant in a teasing, respectful way).
I think that I will learn a lot from reading your posts as to how MM's think, and I thank you.
But I have a question. Suppose the MM's think that a stock is valued at .0003, and then some news comes along that just blows everything skyhigh out of the water....and with that news the MM's realize that oops!....the stock has become worth above $1.00 literally overnight.
What would the MM's do and think then? Now mind you, this is just a general question....not about any specific stock, you understand. I'm just curious.
Well, that is something that we can both agree on since that would make what she said about me even more of a compliment. She said that the energy surrounding me was good. Of course I could've told her that! :)
She also said that I would be getting a new job that would involve much travel. I liked that prediction as well. Totally interesting lady! I wish that you could've seen her face....and her smile! Lovely smile. Very kind.
Hi all!
Just got back from New Orleans! Nice to see that the webcam is up!
About New Orleans....everybody needs to go visit it...to see the true triumph of the human spirit over tragedy...most incredible city I think that I've ever been to.
And although I met so many people and have probably about 50 stories to tell my friends and family....one of the stories is one that PHGI longs will appreciate.
I had just come from Mass at St Louis Cathedral on Saturday evening....and as I exited...I saw several fortune tellers sitting in chairs. Now normally I don't spend my money on such things...but one lady...looked to be about 75 years old caught my eye. So...what the heck, why not?
After giving me the obligatory "you'll have a long life, etc etc." and after endearing herself to me by calling me a "young lady", she looked directly at me and said in a very firm voice..."YOU GAMBLE!!!" I said quickly,...."no I don't". She said, "yes you do! I said..."NO I don't". She said again, "YES YOU DO! I can see it. You've put your money into something high-risk...so you gamble!" So, I said..."I've got money in the stock market." She said, "Aha! I told you! You gamble!"
She was so adamant about it that I was prepared for her to chew me out! Imagine my surprise....(and this is what all longs will LOVE)....when she said...."Money is going to start pouring in from your investment. I see lots and lots of money...lots of money. You're going to make lots of money."
Is that a cool story or what? And 100% true...now then...if her prediction would just come true....she definitely had Indian blood...so maybe hers is never wrong?
UPDATE: One more story....I gotta tell this story in case there are any investors on here from Canada. If there are, you all will LOVE this one. St Bernard's Parish was completely destroyed by Katrina. First and only time that an entire American parish (or county) has been destroyed. So the county administrator was surprised when some men showed up and said, "We're from the Royal Canadian Mounted Police and we're here to help!" Now the Mounties arrived before any of the U.S. National Guardsmen. (In all fairness, the Louisiana National Guard was in Iraq at the time). But do you think that the people of St Bernard love the Canadians? You betcha! They LOVE the Canadians! Once again...thanks Canada!
I have to write this one last post for today, because I'm trying to grab post 15900. (If somebody beats me to it, I'll have to put a hex on them...lol!)
Let's see....what to say that is on topic? Hmmm....shorting. Shorting is the opposite of growing. When you grow, you get taller. When you don't grow, you are short.
lol! Obviously it's time for me to hit the hay. I have a big day tomorrow....New Orleans....here I come! GET READY!!! :)
doggone,
I always enjoy your prescence on the boards, but honestly, I think that you're over-reacting a little bit. I'm writing because I'm confused as to your reaction to the words "by the end of the calendar year". This is 2007, is it not? And the end of the calendar year would be December 31, 2007. To the best of my memory, we have been told that revenues would be coming in this year (2007), which would be "by the end of the calendar year." Where's the problem?
And if there are going to be revenues by the end of the year, or put another way, by the end of the calendar year....then wouldn't simple logic HAVE to decree that the equipment would have to be assembled? It has to be assembled to produce. I just don't see where not having a PR about it is that big a deal. Beebe probably didn't even think about it because he probably assumed that we would know that assembly would be a given.
I'm sure that you are very well-versed in contracts, but a PR is not a contract. Am I making any sense? I don't want to offend you when I say that you're over-reacting...but can you see where it is possible to not get that uptight about it? At any rate, this post probably won't change your mind...but at least it was worth a try. Thanks for listening.
PQL,
Excellent, EXCELLENT answer! Thank you.
Creede,
Good point! Everyone I know is buying. I have a young friend who just bought over 200,000 shares today. Granted, that was just about $1000, but he was excited to be getting that many shares.
I don't know of many who would sell at this point....not when activity is finally happening at Opp. My average buy price is .016, so I'm down a little bit over a penny, and I sure as heck am not going to sell.
One reason that I don't spout gloom and doom is because I have years of experience in getting businesses started. Granted, they were all small businesses...but a business is a business. I used to tell people who came to me for advice that if they listened to everything that I said, they would be successful. If they didn't, I could guarantee nothing. And sure enough, the ones who listened are still in business today. Lesson # 1 - Pay your payroll taxes every payday - not just when IRS says that you have to (which for most small businesses is once a month). Pay them every payday. That is vital. And there are only certain circumstances when one should get into debt. Beebe did absolutely the right thing in NOT taking out a bank loan to finalize those projects.
And in college, my claim to fame is that in one business class, we were given a model of a business in trouble. We were told it was a real company, and we would be told which real company it was at the end of the course. Our assignment was to try and save it. For almost three decades now, I am still extremely proud to say that I came in first in the class and that I singlehandedly saved CHRYSLER! They wouldn't have needed a government bail-out if *I* had been running it. :)
So....when I see people disparage Beebe and how he is handling Perihelion, I don't just THINK that they're wrong...I KNOW that they're wrong...so...that's why it's easy for me not to spout gloom and doom.
They said project...I said deal. Big deal! Same thing.
But where in the PR does it state that the projects being finalized have anything to do with the biofuel plant? I didn't read that anywhere.
I personally think that the projects they spoke about are something else entirely.
And if I'm wrong and the project is for the plant being built now....then those funds STILL would not qualify...because the plant being constructed now is not the eventual large plant that the bond was raised for....it is for the smaller plant being brought in from the West to satisfy the existing orders.
Ok....I've got to go to bed now. I don't know what time it is in your time zone (what time is it there?), but in my time zone (Eastern) it is almost 2 AM. Nite!