Ah yes, Shorts....in my mind he is in is own category as I think that he actually WANTS to see PHGI succeed, but keeps being disappointed in it. Such as the REG D filings. Which, by way, whenever I see a REG D, I assume that it is a given that shares are being sold, so I don't really have to wait for shorts report. Of COURSE shares are being sold.
Now there are two reasons why a company would issue more shares. One reason would be to line the officers pockets and to rip off the "little man" and the other would be to use them to help the company grow and eventually make the added value that the shares would bring the company make the "little man" become more wealthy.
Now I guess it all depends on which scenario one believes that PHGI is doing. Now if PHGI were doing scenario # 1, then I would agree with the bashers. The principals in the company should be drawn and quartered and their entrails fed to the dogs. (Who said that women were non-violent?) :)
BUT, if it's scenario # 2, then sometimes things (such as Reg D's) just have to be done. All companies do it one way or the other. Or at least I've never seen a company not do it.
Now then, let's look at the ACTIONS. Don't ever listen to the words....look at the ACTIONS. Are the actions of the principals of PHGI ones that appear to be people TRYING to make a go of the company or are they not?
First action.....there is really truly construction going on at OPP, with plans in the making to hire people. And a CAMERA, by God, a CAMERA, was put into place so that interested parties could see what was going on. What does that tell us? To me, that camera is a POWERFUL statement.
Second action....a road was truly built to the gold mine.
What does that tell you? Is somebody going to build a road just for the fun of it? I don't think so.
Third action.....I can't think of the name of that plant that is being researched at that university in the Carolinas (I can't even think of the name of the school), but hopefully you all will know what I'm talking about. Does that research show people who are not TRYING?
Once again....don't listen to the words....look at the actions. Now the Reg D is also an action....which brings me back to my first point.....WHY? It's up to each of us to determine if that why is for the detriment of the shareholders or if it's for the growth of the company and the actual good of the shareholders...and to help come up with that decision, one must look at the other ACTIONS.
Because I am watching the actions....my decision lies with Scenario # 2....It's for the growth of the company and the future good of the shareholders. I will believe that unless subsequent actions of the company persuade me otherwise.
P.S. I guess that we could call this message RANT # 3. :)
