cardvic,
Just saw your note, and I agree. In my mind, a buyback would be the thing to do....but if they're buying back shares at this point in time, then we wouldn't know about it until they were finished when they would then have to tell us. But they'd be foolish not to be buying back, IMO anyway. Not when one can grab 500 million shares for a mere $50,000. (I'm assuming here that the company could buy on the bid).
Wouldn't take too much buying like that to grab up most of the shares. But, time will tell.
As to your bond question, yes, that was brought up and it's basically because the bond market was going down the tubes and if PHGI had used the bonds, they would've been saddled with a lot of debt. A city in New York was used as an example as to how much more it was costing them than what they had budgeted for.
I always try and think outside the box and I know that had I been a CEO, I would've thought of other means. Easier said than done. It's always easier to be an armchair quarterback and be able to look at things with the benefit of hindsight.
In fact, I think that's one reason that I've never completely given up on PHGI. I can see John doing things that I would've done when faced with unexpected obstacles. I'll mull something over in my mind and twist it and turn it and somehow always seem to make it come out. And I'm also stubborn as h-ell, just like John said in the call that he was. I could relate to everything that he said. He's an "outside the box" thinker as well.
