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bikerider99

09/30/07 3:02 AM

#14383 RE: stargrazer #14379

star, this is a public company, if beebe does not want info publicly available he should have done the whole thing private. he plays with ppl money here, is not just his own money like his previous business. there might be more gold, i agree, but there might also be no gold at all. why would the production costs be a secret? they can't get the audited assets because there is no production costs, but they need that for the otcbb move anyways, so what do they wait for?

"Our auditors and legal counsel have advised us that the company should refrain from giving an exact valuation of the in ground reserves until a formal book valuation for our audited financials is established. Their reasoning is due in part to the assumption that the company is unable to document an exact cost per ounce to extract the precious metals from the ground at this time. Also, to a lesser degree, the written valuation by Certified Professional Geologist John Yellich provided to the company was performed specifically for Saturday Night, LLC and not Perihelion Global. The company did not acquire Saturday Night, LLC, only its patented claims."