Replies to post #11158 on Nexus Energy Services Inc (IBGR)

[Bucks4Buckeyes]

I'm using this last post as a general reply to all your posts, CHEYENNE.

I, too, was disappointed that we didn't get all of the names of those currently on the BOD. I don't have a problem if it is still being compiled, but the company had related to others that this would be included on the next 10-Q. In PennyLand, the first thing you wonder is, "Why," and then one begins to imagine all kinds of negative reasons. I have read and researched BMGI and I am hoping that NO ONE ON THE BOARD OF BMGI IS ON THE BOARD OF PHAR. Those guys were real scumbags, IMO.

As far as the past history, it is my understanding that when a R/M happens, all of the past stays with the company, because they are not a 'new' company in the legal sense of the word.

More thoughts later when I am not as dead-tired.

All The Best

[faith1]

I WASNT SAYING THE HELL WITH YOU PERSONALLY..I WAS TALKING ABOUT INVESTORS THAT WAS HOLDING GRUDGES FOR SOME REASON OR RATHER..NOT YOU..IM SORRY IF YOU THOUGHT THAT I WAS TALKING ABOUT YOU..AND I UNDERSTAND THAT OLD BAGGAGE CAN MAKE THAN ROUGH FOR US..I AGREE. BUT NOT FOR LONG..

[Nadendla]

All information that goes into the financials follow GAAP and information that is required of OTC Markets. Additionally, the company puts all information that will be required to pass an audit, as well become a fully reporting company to the SEC.

The financials are prepared by the CFO of the company, reviewed by an independent CPA and signed by the CEO...as is customary of any publicly traded company. The officers of the company are going to follow the rules and file accordingly. We cannot pretend that the company did not come into existence as the result of a reverse merger!!.

If the company is going to successfully pass an audit, remain in good standing with OTC and eventually report to the SEC and apply for another exchange, pretending is not going to get it there.

The name of the game is transperancy as it is ..however bad the shell might be previously!.Wether we like it or not info on BMGI as part of PHAR'S past corporate structure has to be shown as it is with nothing hidden!.

We want strong ,intelligent hands on board..not jumpy day traders who jump at every shadow!.So when these new investors accept PHAR and get in ..they need to understand and accept the past shell too as previous corporate structure which had been reverse merged!.

I am sure that serious new investors would appreciate the honesty and transperancy of PHARMSTAR PHARMACEUTICALS in not hiding anything but keeping everything on the table as it is!!.

[Nadendla]

We don't want investors who don't understand ..or don't do proper DD and get in as they always rock the boat later..we want strong ,intelligent investors who understand what they see including the past structure and get in to further strenghten our hands and give stability to the PPS!.Doubters are a huge liability in the face of such transperancy and we have to live with BMGI as a link to our past..just like an ape would be to a human being in the process of evolution!.

[Nadendla]

To be more clear, when a company becomes public by reverse merger, the history of that company does not just automatically disappear. It is not a new company, or another company.....it is the same company, which changes its name to something else, such as BMGI to PHAR.

It is a requirement to describe the company's history. It is required by OTC, or the SEC...because it is not a new company. However, it would be different if a company just reversed into a shell company, if that shell company had no history prior to the reverse.

So, just as our parents, grandparents, and great grandparents will remain part of our history for as long as we live, so too will all of the history of PHAR remain as part of the company.