you have it exactly right, IMO. i never thought we'd reach a day when people are upset about the outstanding and authorized being TOO LOW!
i think the strategy here was to take as much weight off the common market as possible.
management succeeded - and then some. now the reality that PHGI is not a share machine.. but rather more of a share vacuum, is really rocking the boat a little bit.
someone just reported the common authorized is down to 150M?
when we start producing revenues (near-term) and when our share price (likely on the OTCBB) reflects some of the assets in our company, the officers and directors will have as much opportunity as any of us to realize real value here.
when we have a vibrant and liquid market, trading millions of dollars a day, officers and directors can do whatever they'd like with their preferred.
i think they have all the incentive in the world to get us there. price DOES matter now.. because they've clearly taken the high road and instead of diluting the heck out of the common shares they are really reigning them in hard.
** 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.
