InvestorsHub Logo

Screamer

02/17/08 3:12 PM

#21088 RE: juanly #21087

juanly, no jeers or catcalls from me.

I just want to know why this was all done secretly.
Explanations are certainly in order, though I doubt we'll get any.

Risicare

02/17/08 6:21 PM

#21090 RE: juanly #21087

But juanly, .005 is already about 4x higher a price than Friday's closing .0013 price. Who is playing games here?

johndoeA

02/17/08 7:52 PM

#21095 RE: juanly #21087

The way I understand this, is that they can Reg D up to $1,000,000 is share sales a year.

Reg D "investors" need to buy on the quiet at a discount and then flip the shares. That is what they do. Don't need to have any other motive other than the flip for a quick profit when the company needs to "wholesale" the shares to raise money.

So it looks like they raised the a/s by 200,000,000 when they thought that they could sell the $1,000,000 at $.005.

Because the market won't support that share price, they had to raise the A/S count to get the rest of the $1,000,000.

The selling will stop for the year when they get the rest of them sold into the market, at what ever price they can get.

Not having any real information on the company makes it hard to have the market support any share price. As the market always factors in all available information when it sets the price.

I guess that the information that we have is that the company does not want to give us any information to support the share price, because there is no information that would do that.

JB says that he has 20,000,000 shares of his own here, do you think that it would be in his best interest as a shareholder to release real information to support the share price rather than to need to double the A/S (and presumabley the o/s as well) because his interest is getting diluted away at the same time as the rest of ours.

I guess the conclusion is that there is no real inforamtion that he can give to do that.

avdave

02/17/08 8:49 PM

#21098 RE: juanly #21087

Jaunly,

No shareholder likes additional shares, but I hope that you realize that the new count is the authorized shares, not the issued and outstanding ones. Big difference.

Diluting pinksheet companies normally have a great deal of authorized shares, and if PHGI wants to continue diluting, I, for one, already knew that they would have to increase their authorized. The new authorized count is still very, very low for diluting operations.

And yes, I can hear it now....the jeers and catcalls that will make fun of the thought that PHGI will continue diluting. Let them jeer and catcall all they want...it will not change the truth.


GLTY.