Nymet Holdings Inc. (fka NYMH)

[quixopixs]

EarnestDD Perihelion has reverse split, thats not dilution, its concentration!

Capital Change=shs decreased by 1 for 200 split. Effective date=2-14-04
Capital Change=shs decreased by 1 for 500 split. Effective date=4-12-04
Capital Change=shs decreased by 1 for 10 split. Effective date=8-10-04
Capital Change=shs decreased by 1 for 1,000 split. Effective date=6-21-05
Capital Change=shs increased by 2 for 1 split. Payable upon surrender. Ex-date=08/31/2005.
Stk. Div: 15% Dividend shares to be restricted. Ex-date=5-30-06. Rec date=6-1-06. Pay date=6-15-06
Capital Change=shs decreased by 1 for 10000 split Pay date=07/27/2006.
shs decreased by 1 for 530 split
Pay Date: Jun 17, 2008

Reverse split from 9.2 Billion a share for Perhelion Global down to less then a half a cent a share!

Tue, Apr 13, '04 9,201,748,148. thats 9.2 billion dollars a share! Check it out for yourself
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=PRGL

Price per share!
Tue, Apr 11, '06 Tue, Jul 26, '05 Tue, Apr 13, '04
open $460.0874 $92,017.4815 $9,201,748,148.0000
high $920.1748 $92,017.4815 $9,201,748,148.0000
low $460.0874 $46,008.7407 $9,201,748,148.0000
Close $920.1748 $46,008.7407 $9,201,748,148.0000
Volume 404 Volume 1 Volume 0


note: I doubt that PRGL hit 9.2 billion a share, but thats what pinksheets says in its historical prices and with the amount of reverse splits and falling shareprice, thats the numbers they came up with as a guide.

Todays market cap for the company is Estimated Market Cap
$142,500 as of Sep 15, 2008

It dropped earlier today by 40% meaning the market cap hovered in the 85K range.
$142,500-40%=$85,500

Its literally a work of art with todays market cap for the whole company worth less then one share was worth in July 26th 2005. That was the first day one share was traded everything before that had zero volume.

They always say its best to top down sell when selling anything and Mr Bebee did just that with Perihelion. He should be commended on his top down sell approach.

Now its possible that stockcharts has a more accurate reflection of the price change with time and it shows a high per share of $17 down to its current price today of a half a cent a share.

Now with signed promises of Perihelion being willing to invest up to 20 million dollars on a 60 million gallon a year Bio Plant. We know Perihelion right now has a 3 million gallon a year plant, based on news reports.

Therefore there is likely lots more CASH in Perihelions coffers, despite the low market cap shown on the pinksheets.

How much CASH does PRGL have sitting in its Canadian subsidiary?

http://findarticles.com/p/articles/mi_pwwi/is_200708/ai_n19429470

It appears that a dividend payment went into the canadian company while it was looking at establishing a Uranium operation or arm of Perihelion.

Perihelion also planned on buying into two other bio-plants. You cant plan for that unless you have extra cash socked away can you?



Bebee was pretty much bang on in predicting the market meltdowns, lets hope he has saved the cash to invest it wisely now that many things are on sale. Certainly in this interview you can hear his cautious approach to investing money into a plant as he wants to make sure the method will work and will be profitable.

The good news is the Plant is built now and capable of running. A share bought today is cheaper then they have ever been.