stargazer - maybe i am - but i want to understand the logic here.
a consistent theme to those beating up on the company is of massive and endless dilution. it really began as soon as vision works' old authorized was discovered.
at that point, although i didn't ever think beebe would issue those kind of shares (and obviously he didn't), i could at least understand the fear. 30B was a high ceiling, no doubt.
nowadays, with 97M outstanding under a penny, and a more than respectable 325M total authorized, how is anyone to believe the company is 'dumping' stock?
in the last few months, it seems like all they've done is try to to alleviate the pressure in the market by removing as many outstanding shares as possible! they even bought shares with their own money which they are exchanging out of common.
every bit of evidence we have suggests the complete and polar opposite to what some people here continue to harp on.
it's kind of like politics. sticking to the party line is great when things are going your way. but when it's clear that the party line is wrong, you might want to reconsider your allegiance to it if you want to get reelected.
my belief is that even if PHGI announced tomorrow that they were able to cut the OS and AS in HALF, we'd still never escape the cries that it's all a farce, the end is near, the sky is falling, and massive dilution is just around the corner.
going on 3% of the outstanding trading today.
** THIS IS NOT AN OPINION TO BUY OR SELL SECURITIES. I am a compensated consultant to Perihelion Global and have been compensated 1,060,000 rule144 restricted shares as well as 15,000 free-trading shares (via John Beebe) for consulting services that include, but is not limited to, press release composition and distribution, website design and maintenance, website application development, and coverage on PQL Research websites. I have intent to sell any non-restricted shares (both purchased and compensated), whether for a profit or a loss, at any time, and for any reason. I have previously bought and sold open-market shares of this security. To date, I have sold approximately 15,000 compensated shares. Nothing I post on public message forums is to be construed as anything other than speculation, and investors are cautioned that I have an inherent bias in my viewpoints and opinions about the company. As a consultant for not only Perihelion, but for other public companies, my views and opinions do not necessarily represent the views and opinions of Perihelion Global, its management, or its shareholders. I am not qualified to render an investment opinion whatsoever and investors should only rely on historically-proven and factual information contained in public press releases and/or filings released by the company for accurate information and representations regarding the company.
News 
Market Data 
Discover 
