Nymet Holdings Inc. (fka NYMH)

[JJ123abc]

The point of a standard is so that users of the financial statements can compare information across companies. So if you try and project a price for PHGI in the future using dilutive shares and try and compare it with another company you'll be way off because NO ONE else uses dilutive shares to project the Price. So just make sure you compare apples to apples, that's what my point was.

If you want to do a comparison, you need to find other co's that have over half of their equity in the convertable preferreds.

PHGI shifted the common to preferred to somewhat hide where the equity is. They used the conversion ratio on the preferred's to have it appear that the common guys have more equity than they do. The Preferred's that JB has have full voting control and the preferred's have more equity than all the common.

Anyone who is touting the company only has 155,000,000 common is distorting what is going on here.

Most big co's don't have the level of preferred's like we have here (if any)so this an orange, not an apple.