Nymet Holdings Inc. (fka NYMH)

[shortsinthesand]

As others who were on the conference call know so was I and I was allowed to speak and ask questions. I will start with that the pre planning that went into this call was like some of the pre planning that went into the business plan here. Rather poor but in the end the Call went pretty good as far as clarity and did allow the participants to ask question and interact in the call if you followed the instructions given.

I received the call number and code about 4:20 PM eastern time and jumped on the call immediately. It was announced that there was a mix up with the time and the Conference company thought it was to take place at 4:00 PM pacific time? John mentioned that they would use a different company in the future but I think the company actually did provide a good conference just that the planning and misunderstandings should of been taken care of far in advance of what happened seeing how they original PR was a couple of months back.

So with that said lets get to the meat and bones of the call! First it was stated that NO recording or retransmission of the call is allowed without the prior permission of the company! I do find this odd as it should in my opinion be available for listening via a link on the company web site to comply with Security rules and laws as avdave has pointed out.

OK they were 8-9 company Representatives on the call including John and his legal counsel. I don't remember all the names and would probably miss spell them anyway. I took some notes but mostly just listened and stored it in my memory.

John started out with how our Country is being very challenged right now with the high cost of fuel and that he is very confident that the company is well positioned to take advantage of the bio fuel industry and metals commodities because of the Challenges face the entire country currently.

John stated many times how he is not satisfied with the development of the company to date and lays much of the blame on the current economy and hard times we are all faced with from oil prices being at all time record highs here. Stated that it is taking much longer than anticipated to get the bio fuel up and producing revenue.

Of course because of the high price of oil John feels the company is now ready to take advantage of this and will be the only non food feed stock Bio fuel producer in Alabama and that all of the others have run into massive problems because of high cost to produce fuel using various food feed stocks and they are all standing Idol currently.

He talked about the delays also because originally the intended feed stock was to be Peanuts but because of drought last year and high prices this was no longer going to be profitable so they had to look to other non food feed stocks at lower prices to be profitable for production. As well as make the alteration to the plant plans to accommodate for multiple feed stocks.

Our company bio feed stock Representative came on for 5 10 minutes and spoke about the various feed stocks using the Jatropha and other non food feed stocks. John also mentioned how our distributor Crew distributing says that there is very little supply of bio fuel to meet the demand and we will have no trouble filling the contract with them of multiple millions of fuel per year once production is started.

John spoke about the share price and how he is baffled that it could be trading here at this price and that if you told him a year ago that it would be triple zero one he would have called you a lunatic! He simply can't understand why it is so low. He made NO mention whatsoever about the dilution or use of the Regulation D offerings!

John then talked about the 20 million dollar bond financing and why the company choose to not use it over the last year. He felt because of the changes in the economy and the high rate of interest it would bear for repayment that it would not be good for the company or the share holders since the company has no revenue to repay it with currently. He claimed that it would put the company in massive debt with the possibility of foreclosure on the new facilities and wipe out share holder value if that were to happen?

Next we moved on to the Gold mining property and our company Representative working out at the location came on the call. He told about the bad weather they have been having with ice and mud at this time of year because of the 6000+ elevation and how difficult it has been to work. He also spent several minutes talking about all the hoops they have had to jump through with the permit process and how careful they have to be due to these regulations and possible unannounced spot checks and inspections that could happen on site. Stated that if they made one mistake of non compliance and they could be temporary shut down with large fines.

John then asked him to explain why we just can't send a crew of men with pick axes, shovels and buckets to start getting some of the certified reports of gold going for immediate revenue? He explained about the high elevation and the 45 degree slope. He also went on to say how they want to process on site the material and have to make level areas to handle the large amount of material and use of water to work with the materials. This also is the reason to comply with the waste water permits as the water used will be discharged back into the environment. Also they have to comply with very strict air quality control rules and regulations of major cities even though the site is many miles from any major city and this was the reason stated for an unannounced on site inspection from the proper authorities. Finally he stated the weather in the last week has improved and that they are now making nice progress.

John also spoke a little on why Perihelion was granted Membership Into National Bio diesel Board and how this would be a valuable tool allowing us a couple million dollars worth of tools and benefits as well as keeping US ahead of the current events as the bio fuel industry develops.

There was no talk about the radio stations that I recollect and if there was any it was very minor? Seemed to be overlooked as the talk was lingering on and at this point it was turned over to the question and answer time for the share holders and participants.

I think the first participant was a person named Keven Purdy. His question was pretty straight forward and direct. He wanted to know at this point when John felt the bio production would start? Johns answer was IMMEDIATELY? He then asked if so then could he give a specific target date? Johns responce was that he could not do that?

Next juanly spoke and seemed to be satisfied that she felt PHGI is moving forward with their plans even though the long delays and low share price.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29270507

A couple more spoke than the prompt came for me to speak.When I announced my name David Porter, John asked me to state for the record what my prior relationship with the company was and I stated that one year ago I preformed a newsletter to share holders for a period of 6 weeks to two months as a consultant to the company.

John spoke about how we didn't always agree and that I have been one of the companies biggest critics but also told how he appreciated some of the advise I gave him. He also encourages others that feel they have valuable suggestions or concerns to contact him and voice them to the company. He did acknowledge he has made mistakes along the way.

My first question was why haven't we moved to the OTCBB yet and why haven't we been presented any book keeping accounting or Audit of how the money has been spent up to date to develop the facility and what is the plans to use funds going forward?

John spoke about how he needs an Audit to do this and that without revenue it is pre mature or that they can't do so until then? He also mention how they had lined up one OTCBB company last year but it didn't work out and that they have another one that is fully reporting and as soon as they have revenue and can move to another exchange whether it is a NASDAQ or reporting bulletin board it is his intention to do so?

My next question was about the BIG D word DILUTION? I asked him with the 5 billion shares and triple zero ONE what his intentions were to solve this issue. Again he stated that he really feels bad that the share price is so low and that if I or anyone told him a few months ago that the share price was going to be here he would of said we were crazy people? He feels that once the revenue is started that this situation will slowly change.

My final question was directed at Johns comment that he would be the only producing bio fuel plant in Alabama because all the other plants are currently sitting idol? I asked what is the difference of an IDOL plant and a plant that has no revenue like ours?

John again reiterated that because of the diverse and non food producing feed stocks we will be using our bio plant will be running at a profit. The BIO plants that tried using the food feed stocks could not run at a profit so they went IDOL because of this problem.

At this point I was taking up a lot of time on the call and wanted others who had questions to be able to talk so I ended my question time on the call.

The next participant asked if the company had plans to do a Reverse split in the near term and if so what can we expect? Johns response to this was that he really couldn't say yes or no.. Again he stated how he can't understand how the price could be here and that he strongly feels that when the revenue start this situation can be dealt with.. Basically he could not answer this question?

Oh yes there was another participant who was from the OPP area but currently living in Germany who spoke about how the web cams really don't show a true picture of the size and capabilities of the facilities.. He has been to the site and knows it is much larger that it appears in the CAM pictures. John responce was absolutely and that the facility is much larger than it looks and will be able to produce many many millions of gallons per year. the numbers were more specific but in my mind doesn't seem feasible so I will just use many millions. I think we all would like to see the FIRST MILLION to get off the ground and into the distributors hands then you can talk about 20 30 40 million gallons per year.

At this point in the call it was getting late 1:00 PM where I live so I signed off and don't know about the last few minutes of the call. There was no mention of the Legal problems and that one was forgot about by me as well.

In summary the real hard question of the share structure and accountability of how the funds raised from the 2 million in stock regulation D to build the plant and pay the bills were avoided. John and the company Representatives remain focused on the future of the business plan and feel very confident they are well positioned to go forward and become extremely successful?

I personally will refrain from comment on this company as I have done this many many times already and as of right now my position here is still pretty much the same. I just wanted to try and give a detailed non biased presentation of the overall conference call. Please keep in mind I did not record this CC and what I have presented here is from memory and my interpatation of the call.

For proper disclosure I was a previous consultant for the company in 2007 for 2 months and I no longer provide any service of any nature other than the fact that I am a share holder in the company.

I feel that with the current share structure the way it is and the price of .0001 it will be a tough road ahead for the long term investors here. I do sincerely hope this company does succeed but I see it just like the share price and you betting on a horse race with 100 to 1 odds.. that is 99% chance it can fail?

I hope this gives you an idea of how the CC went. All things considered and the Fact that I am currently working and residing in eastern Europe along that I was on the call through the Internet that puts me through the land telephone lines I thought the clarity of the call went rather well. I do believe it should be available to the public for review to be in compliance with the Securities laws1

Regards

Sands