here are the only facts we know:
the authorized is 425M per the Delaware SOS, reduced from 500M, which in turn was reduced from 30B inherited from the prior shell.
the outstanding is around 152M, reduced from 200M a few months ago. we don't know what the float is. yes, the outstanding was indeed around 60M post-merger, but that was without any assets or revenue opportunities whatsoever. you can decide accordingly if the shares issued were 'well spent'.
management bought approximately $20,000 worth of stock in august and suspended it pending a 'material event'. the document stated they will consider to resume in october.
the company is acquiring 2 OTCBB shells to move assets into. renovo is one of them, and we dont know the other.
the company is attempting to list on the canadian CNQ exchange, but we haven't had more information on that in a while.
there are numerous documents on the pinksheets stuff to outline various contracts, assets, activities, etc.
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hope this helps. the pinksheets aren't an especially good forum to value a company (as we know there are some extremely high-priced pinksheets that arent worth a dime and vice versa), and the company certainly doesnt have any control over the market or trading of the stock. they are making strides to move off of the pinksheets and in my opinion they have made very positive strides to reduce the authorized and outstanding shares to attractive levels.
i would contact the company for any further information.
** 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.
