Nymet Holdings Inc. (fka NYMH)

[poor_papa]

I e-mailed John about the NASD report and he had some very interesting things to say, and has given me permission to post them here.

First, his legal counsel filed a formal complaint with NASD against RBCM after becoming aware of the fact that they were trading (A/H) shares of PHGI that they didn't own. John learned this from the DTCC reports.

Second, I believe, they filed a SAR (Suspicious Activity Report of Securities Trading) report last week with FINCEN -- the Financial Crimes Enforcement Network.

Third, (and this one is good, and answers some questions) by announcing the dividend of a stock trading in Canada, PHGI should now also be tied into the Canadian legal system and securities laws. Thus, RBCM (which is under Canadian jurisdiction, I believe) will have to tread much more lightly. So far, they have backed off since the announcement -- as people have observed.