Polaris International Holdings (PIHN)

[jonnyk64dplt]

just got off the phone with kuni (CEO).

This 400mil is payrol from december of 2008. they have sold their bonds and that is where the shares are coming from.


he stated that there will be pr within the next 2 weeks.

I questioned him about why the debt wasn't in the annual report and he stated
"our last CPA did not do a good job so we fired him, and now we hired a new one that is auditing our last two years so that we can upgrade from pink sheets." "The problem with upgrading is it cost a lot of money, but now that we have profit coming in we can now start paying for it."

He then stated that "as you can see with our o/s and our float, once these shares are bought in the market [the 400mil shares that are hitting the market yesterday and today], we have less than 23mil in bonds out, and with our profits now paying our bills you should not see shares like this hit the market again."