dumb,
No, I'm not going to post what a good thing billions of shares are for us, but I am going to give my take on what might be happening.....my guess is as good as anyones.
I think now that shorts might be right and that maybe we will be seeing a 3 for 1 reverse split. The reason that I am thinking that it will be a 3 for 1 is because the preferred shares that we received will be worth 3 common shares in a year.
If that happens, then, once again, as long as the company keeps progressing in their goals, the share price will end up ok. I remember a stock known as FTEL, which was in the pennies....they did a reverse split (I think that it was a 10 for 1). Everybody howled....ranted...raved....and yet a year later, FTEL was at $10 per share. Those who had the foresight to see that FTEL was still going about progressing, became very rich.
Now then, to me, the true mark of a person is whether they are man enough to admit whether they are wrong or not. I am going to give PHGI a deadline....end of May, 2008. SOMETHING good has to have happened by then....either biofuel production revenue or gold mining commencement...something. That is just two months away. If by then, nothing has happened, I am going to pony up that I was fooled. BUT, DI...if by then something good has happened, will you be willing to pony up too?
