whistles - if investors want PHGI to remain around 60M shares outstanding, as we were post-reverse-merger, we'd be a shell.
if you dont want the company to issue any shares, then it kind of defeats the purpose of there being a public company.
we can't have it both ways. if we want to have the company owning viable assets with a likelihood of revenue, we can't be upset about the company using equity - restricted equity i might add - to accomplish this.
if you're looking at share totals with no other reference points, of course you're going to come to the conclusion you did. the shares that were issued bought us something, in our case a mine with in-ground gold reserves of 1.2M+ ounces, a radio station, a television station, and the biofuel refinery that is being transplanted into Opp.
we all want to see the market better reflect the share value of the company, but that's out of our hands.
regarding the float - i don't know what it is, and honestly don't care. that's a short-term trading tool, and doesnt establish any sort of value on the company. the outstanding has always been what i have been concerned about. what is the dollar price on the company at any given time? that's what i want to know.
in my opinion, the shares issued for the assets and businesses we're in have been a good trade. you are welcome to disagree, but to simply say that the company has unilaterally diluted the stock with no tangible value for shareholders is very misleading.
if you think that the shares werent issed prudently, hey, that's cool. but i'd rather have 152M out with the potential for revenue that we have now then roll back to 60M and have nothing but an empty shell with a higher share price.
** THIS IS NOT AN OPINION TO BUY OR SELL SECURITIES. I am a compensated consultant to Perihelion Global and have been compensated 1,060,000 rule144 restricted shares as well as 15,000 free-trading shares (via John Beebe) for consulting services that include, but is not limited to, press release composition and distribution, website design and maintenance, website application development, and coverage on PQL Research websites. I have intent to sell any non-restricted shares (both purchased and compensated), whether for a profit or a loss, at any time, and for any reason. I have previously bought and sold open-market shares of this security. To date, I have sold approximately 15,000 compensated shares. Nothing I post on public message forums is to be construed as anything other than speculation, and investors are cautioned that I have an inherent bias in my viewpoints and opinions about the company. As a consultant for not only Perihelion, but for other public companies, my views and opinions do not necessarily represent the views and opinions of Perihelion Global, its management, or its shareholders. I am not qualified to render an investment opinion whatsoever and investors should only rely on historically-proven and factual information contained in public press releases and/or filings released by the company for accurate information and representations regarding the company.
AI
