InvestorsHub Logo

GnomeOfZurich

06/24/08 8:43 AM

#25484 RE: juanly #25483

Since you worked for the IRS, Can you tell me this? What are the taxes you must pay for a capital gain on a pump and dump scheme. Let's see, this stock went from .08 to .47 then to .0001. 50 million O/S to 5 billion just from dilution alone. Not only did a broker/dealer unregister shares but also dumped them on the open market. So, Miss IRS, When John H. Beebe said his company was being shorted but in reality he was diluting it into the ground how would the SEC not take action and just watch. Good example UXPS. I have a feeling that the SEC are not just watching but waiting. All the PR's are in fact false. Not only did PHGI issue back to back PR's that stated the same false information but JHB knew they were fluff.

You have your opinions and I have mine. It should be fun when the IRS reads the tax returns from JHB and everyone affiliated with PHGI/PRGL.

Your right, there are alot companies out there. But this one issued over 100 PR'S that were false. The stock went from .08 to .47 then back to .0001. The CEO put the shell in debt and we own worthless assets while the PR's state we have billions in assets, The PHGI shell bought the assets from the CEO at inflated prices. How does that work in the eyes of the IRS, please explain? (Numbers aren't accurate)A good example is that JHB bought the radio station for 35G's and PHGI bought it from JHB for 350K. Someone YouTubed it, and we know now that it is non-operatable which is a worthless asset in the books.

Juanly, just so you know, you don't have to reply with a rebuttal. I don't trust you, but we can still be friends.