[PHGI]: Promoter "Creede Bighorns" posts a false and misleading statement regarding the stock of Perihelion Global, Inc.
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Pay attention to the promoter "Creede Bighorns" as he attempts to explain to potential investors that a decreasing number of common shares outstanding would cause the stock price of PHGI to increase.
What he forgets to mention is that as PHGI has been reducing its outstanding common shares, it has been exchanging them for preferred stock that is convertible into a level of common shares that is greater than the amounts originally outstanding.
In particular, PHGI decreased its outstanding common shares from about 200 million to about 100 million, but exchanged the common shares for enough convertible preferred stock such that the fully diluted common shares outstanding actually increased by about 50% to about 310 million shares - and this substantial dilutive effect certainly does not imply that the stock price would increase.
After doing a little research, it is not hard to see why the promoter "Creede Bighorns" is making these false and misleading statements - he is the well known sidekick to promoters Rick Matthews (rrm_bcnu), John M. Hollen (jmhollen), Paul S. Davis (rrufff) and Timothy Fostik (PQL Research).
"Creede Bighorns" typically begins posting at a later time in the pump and dump cycle in order to give credibility to the main promoter. In the IHUB message board you have already seen Rick Matthews and Paul S. Davis attempting to promote PHGI and, of course, Timothy Fostik is the official paid promoter for PHGI who is moderating the message board.
In this situation Timothy Fostik has consistently been falsely stating that the decreasing common shares outstanding have improved the capital structure of PHGI - even though it has resulted in a substantial amount of convertible preferred shares being issued and a significant increase in the fully diluted shares outstanding - something which would be considered extremely bearish by any standard, especially with 50% increases in the fully diluted common shares outstanding.
The red flags for Perihelion Global, Inc. continue to come out.
What is next?
Could it be that PGHI has issued the same series of Preferred Stock with two different sets of terms?
How could this be? - A series of Preferred Stock that has two distinctly different sets of terms, as disclosed by the company, PHGI.
This is the subject of the next blog report on PHGI.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23585811
Posted by: Creede Bighorns
In reply to: Scovanner who wrote msg# 14716
Date:10/10/2007 11:10:37 PM
Post #14727 of 14728
Who cares about the common shares? I do.
**Note to the Board**
I am not a pumper, and I try to shoot straight. Everyone please ignore everything at the moment except the o/s and new transparency. If the o/s keeps going down, and they maintain this transparency, then this stock is going up. As long as we are transparent, then we can call the TA at anytime and make sure the preferreds are not a problem. If they ever gag the TA again, or the o/s begins to climb, then I will change my tune, but in the mean while, I am hearing the snort of the bulls.
.
Pay attention to the promoter "Creede Bighorns" as he attempts to explain to potential investors that a decreasing number of common shares outstanding would cause the stock price of PHGI to increase.
What he forgets to mention is that as PHGI has been reducing its outstanding common shares, it has been exchanging them for preferred stock that is convertible into a level of common shares that is greater than the amounts originally outstanding.
In particular, PHGI decreased its outstanding common shares from about 200 million to about 100 million, but exchanged the common shares for enough convertible preferred stock such that the fully diluted common shares outstanding actually increased by about 50% to about 310 million shares - and this substantial dilutive effect certainly does not imply that the stock price would increase.
After doing a little research, it is not hard to see why the promoter "Creede Bighorns" is making these false and misleading statements - he is the well known sidekick to promoters Rick Matthews (rrm_bcnu), John M. Hollen (jmhollen), Paul S. Davis (rrufff) and Timothy Fostik (PQL Research).
"Creede Bighorns" typically begins posting at a later time in the pump and dump cycle in order to give credibility to the main promoter. In the IHUB message board you have already seen Rick Matthews and Paul S. Davis attempting to promote PHGI and, of course, Timothy Fostik is the official paid promoter for PHGI who is moderating the message board.
In this situation Timothy Fostik has consistently been falsely stating that the decreasing common shares outstanding have improved the capital structure of PHGI - even though it has resulted in a substantial amount of convertible preferred shares being issued and a significant increase in the fully diluted shares outstanding - something which would be considered extremely bearish by any standard, especially with 50% increases in the fully diluted common shares outstanding.
The red flags for Perihelion Global, Inc. continue to come out.
What is next?
Could it be that PGHI has issued the same series of Preferred Stock with two different sets of terms?
How could this be? - A series of Preferred Stock that has two distinctly different sets of terms, as disclosed by the company, PHGI.
This is the subject of the next blog report on PHGI.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23585811
Posted by: Creede Bighorns
In reply to: Scovanner who wrote msg# 14716
Date:10/10/2007 11:10:37 PM
Post #14727 of 14728
Who cares about the common shares? I do.
**Note to the Board**
I am not a pumper, and I try to shoot straight. Everyone please ignore everything at the moment except the o/s and new transparency. If the o/s keeps going down, and they maintain this transparency, then this stock is going up. As long as we are transparent, then we can call the TA at anytime and make sure the preferreds are not a problem. If they ever gag the TA again, or the o/s begins to climb, then I will change my tune, but in the mean while, I am hearing the snort of the bulls.
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posted by the_worm06 | 10/10/2007 08:24:00 PM
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