Replies to post #13862 on Nymet Holdings Inc. (fka NYMH)

[shortsinthesand]

Bearclaw...not confusing at all ? Here you go...
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Perihelion Global Board of Directors Approves Resolution to Reduce Authorized Shares by an Additional 50%
Wednesday March 21, 1:21 pm ET

http://biz.yahoo.com/iw/070321/0229379.html

WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Mar 21, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that its Board of Directors has reached unanimous consent to approve an additional 50% reduction in the company's authorized shares from approximately 500,000,000 to 250,000,000.

The most recent reduction follows the company's earlier reduction in February, and has now reduced the company's authorized shares by over 99.2% from the previous capital structure inherited from Perihelion's predecessor company.
Perihelion Global is committed to advancing its business goals with minimal dilution to shareholders. To date, an overwhelming majority of the transactions the company has executed have been financed with cash and restricted common stock. In some instances, like the Bond Financing Agreement with WR Taylor & Company, Perihelion Global has been able to find solutions that are both non-dilutive and of high-value to shareholders.
Commenting on the latest board resolution, Chairman, Chief Executive Officer & President John H. Beebe stated, "We have had some time to thoroughly examine our capital structure against our current and future projects, and felt that our earlier reduction in our authorized shares still did not completely bring us to appropriate levels in accordance with our objectives. The company exists for one reason, and for one reason alone, and that is to create a stable income-generating haven whereby investors in our company can participate and profit in sectors we feel will be vital to the economic stability of both our country and the rest of the world." Adds Beebe, "The company is not contemplating a reverse split and our management and directors have restricted stock which cannot be sold into the market. We are growing rapidly and will do everything in our power to make the growth our company as smooth as possible for our fellow shareholders. For us there is no option but success. The Board of Directors and Management Team greatly appreciate the continued support from our shareholders."

[GnomeOfZurich]

No it wasn't Bearclaw.

Thanks shorts for the DD, I don't know how you found it but good job.


Bearclaw, they have a dozen of these PR's.

"Perihelion Global has been able to find solutions that are both non-dilutive and of high-value to shareholders."

Wow. That's so much BS, I don't know rather to laugh or cry.

Shorts what was the share price in March.....


=======================================================
Perihelion Global Board of Directors Approves Resolution to Reduce Authorized Shares by an Additional 50%
Wednesday March 21, 1:21 pm ET

http://biz.yahoo.com/iw/070321/0229379.html

WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Mar 21, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that its Board of Directors has reached unanimous consent to approve an additional 50% reduction in the company's authorized shares from approximately 500,000,000 to 250,000,000.

The most recent reduction follows the company's earlier reduction in February, and has now reduced the company's authorized shares by over 99.2% from the previous capital structure inherited from Perihelion's predecessor company.
Perihelion Global is committed to advancing its business goals with minimal dilution to shareholders. To date, an overwhelming majority of the transactions the company has executed have been financed with cash and restricted common stock. In some instances, like the Bond Financing Agreement with WR Taylor & Company, Perihelion Global has been able to find solutions that are both non-dilutive and of high-value to shareholders.
Commenting on the latest board resolution, Chairman, Chief Executive Officer & President John H. Beebe stated, "We have had some time to thoroughly examine our capital structure against our current and future projects, and felt that our earlier reduction in our authorized shares still did not completely bring us to appropriate levels in accordance with our objectives. The company exists for one reason, and for one reason alone, and that is to create a stable income-generating haven whereby investors in our company can participate and profit in sectors we feel will be vital to the economic stability of both our country and the rest of the world." Adds Beebe, "The company is not contemplating a reverse split and our management and directors have restricted stock which cannot be sold into the market. We are growing rapidly and will do everything in our power to make the growth our company as smooth as possible for our fellow shareholders. For us there is no option but success. The Board of Directors and Management Team greatly appreciate the continued support from our shareholders."