rruff,
Oh thank you so much for being on here. It is obvious that you are truly a pro on the stock market.
Now then, I don't claim to be a pro, but I do have a thought that I think is interesting....and one that I haven't seen anyone else mention.
Although today was not such a good day, (unless one bought at .011 as you did...congrats by the way), I still think that PHGI will do quite well...and one main reason is their "secret" weapon. And what weapon is that, you ask?
Ok, I have seen people ask just how the $40 million dollar plant is going to be paid for and where the money was going to come from.
Well, if you were a lender and the federal government said, "Look boys, we will foot the entire bill for the plant" would you worry much? I sure wouldn't and that's exactly what the federal government said.
Anyone notice on one of the press releases that the Feds are going to let PHGI recoup the entire $40 million dollars over a 20 year period via tax breaks?
Now let me tell you this....when Uncle Sam wants something to happen, the best way of making sure it does is to give financial incentives. Anyone remember the energy credit that was offered during the late 1970's? My goodness, everyone's mother and brother flocked to get storm windows, etc etc just so they could get that credit. Uncle Sam wanted us to conserve energy, and we did....all for the credit.
Now the Feds want to develop an alternative source of fuel. To help rid us of dependence on foreign oil. And who among us would disagree with that? And one way the Feds are going to make sure that it happens is via tax cuts.
So.....where is the risk to PHGI? Where is the risk to shareholders? The government is picking up the tab boys! And anyone who has done the least bit of DD knows that the plant is going to happen....so where's the worry?
Did anyone notice that present at the press conference back in July for the plant ceremony in Opp were not only the Opp town officials, but the STATE officials....and the FEDERAL officials! Now what does that tell you?
As rruff can verify, stock actions come and go...but eventually the truth wins out....(look at Enron...going up and up and up...all the while being a diseased fish). The truth will eventually win out with PGHI as well. And it's my very honest opinion that a lot of us will make a lot of money if we just relax and let events unfold.
So....those are my thoughts.
