Replies to post #132 on Story Play

[RULiquid]

RE: PHBT rumor
Posted by: freedomsks
In reply to: None Date:2/23/2006 2:40:39 PM
Post #of 531675

Spoke with PHBT President:

Yesterday I called Joe Doxey, PHBT President and we spoke for approximately 20 mins.

My first question was regarding the current O/S. He told me it stands at 450 million and does not see a need to dillute any further. I told him that would give the company a market cap of only around $275,000. He chuckled and asked me how many shares I had. I told him it was in the 8 digits and he said wow..."very nice".

He also brought me up to speed on the lawsuit out of Kentucky. They have won a $900,000 judgement and are expecting it to be upheld next month in Kentucky.

He also told me the first patent could be approved anyday now and that's why the company has sold shares. They want to be ready to execute their business plan once approval is given.

There was more...I'll write it up later.

Best,
Fee