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Saturday, 09/29/2007 3:07:57 AM

Saturday, September 29, 2007 3:07:57 AM

Post# of 29782
Common Shares Shunned

Yet another post by the inimitable CarmelBeach

WHO DOESN'T WANT COMMON SHARES?

* OFFICERS DIRECTORS AND MANAGMENT

From the 9/27/07 Press Release:

"All officer, director and management stock compensation has been done with restricted stock. All shares issued to the officers, directors and management continue to remain restricted to date. To help alleviate market concerns, these parties have opted to exchange their restricted common stock with restricted preferred stock."

"Perihelion announced a management buyback program in August 2007 in which officers and directors purchased a total of $20,000 worth of common shares from the open market. To date, all of the Officers and Directors have made formal requests with their brokerages to have the shares purchased in the open market delivered to them in paper certificate form. When received, these common shares are intended to be converted into restricted preferred stock which will be held in paper certificate form."


* ALL OWNERS AND PRINCIPALS OF SATURDAY NIGHT, LLC

Sellers of the 'Gold Mine'

From the 9/27/07 Press Release:

"All owners and principals of Saturday Night, LLC own restricted preferred shares in the company."

From the SATURDAY NIGHT, LLC QUITCLAIM DEED:

http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=9843

Saturday Night, LLC, a Utah limited liability company, grantor, hereby QUITCLAIMS to Perihelion Global, Inc., whose address is 166 Acacia, Santa Rosa Beach, Fl, 32459, grantee, for the sum of (a) Two Million Dollars ($2,000,000) (the "Base Amount") plus (b) Two Hundred and Sixty Thousand Dollars ($260,000) to pay off all company debt plus (c) 8,802,104 shares of Series C Convertible Preferred Stock (the "Series C Shares"), which upon conversion shall equal thirteen and one half percent (13.5%) of the total issued and outstanding capital stock, both common and preferred on a fully diluted and as-converted basis, of the Purchaser after giving effect to the shares to be issued to the Seller (the "Purchase Price").

* JOHN H. BEEBE President, CEO, Chairman

for Perihelion's purchase of his radio stations

From the 9/27/07 Press Release:

"Mr. Beebe received restricted shares for the radio stations at the time of acquisition. These shares were held in paper certificate form and were not placed on deposit with any broker or dealer. Subsequently, Mr. Beebe elected to cancel these shares and exchange them for a promissory note for $600,000 bearing 1% interest annum."

* ACCREDITED INVESTORS PURCHASING REGULATION D OFFERINGS

From the 9/27/07 Press Release:

"The company has raised money and completed acquisitions through shareholder loans (primarily John H. and Lora Beebe), and unsolicited, private Reg D offering to 11 accredited investors. The bulk of the accredited investors in the unsolicited Reg D offerings have requested to receive their shares in restricted preferred stock in lieu of common shares."


So who wants COMMON shares if all these above named parties don't?

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All that is necessary for the triumph of evil is that good men do nothing. - Irish philosopher and Statesman Edmund Burke

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