A 99.9% drop in stock price.
Blame it on the evil naked short sellers.
Blame it on the evil hedge funds.
Blame it on the evil market makers.
Blame it on the evil brokers.
Blame it on the evil message board cybersleuths that brought out the red flags of the scam company.
Blame it on the alleged prepaid credit cards.
Blame it on everyone except the self-dealing CEO of PHGI, who issued press releases regarding an alleged billion dollars in assets transferred to PHGI while issuing hundreds of millions of PHGI shares to insiders and secretly increasing the authorized common shares while gagging the transfer agent on the actual amount of common and preferred shares outstanding.
Pay attention as this promoter, "stock_jock40", continues to defend scam companies with silly excuses.
He was making exactly the same comments when defending scam company Plasticon International, Inc. (PLNI), which has had its fraudulent CEO Turek thrown out of the company under a court order in response to a motion by the U.S. Department of Justice that outlined a trail of deceit, self-dealing and fraud by the CEO Turek, and had its registration revoked by the SEC.http://investorshub.advfn.com/boards/read_msg.asp?message_id=27039675
Posted by: stock_jock40
In reply to: None
Date:2/22/2008 2:17:12 PM
Post #21387 of 21402
I'm going to be very blunt. What I have to say has been said before, but, in my opinion must be reiterated. There have been miscalculations made by PHGI, but who is perfect. In my opinion, what is happening in the financial world behind the scene is sinister and alarmingly, forebodingly ominous. It is clear that there is a massive discrepancy with existing shares and shares that have been actually traded. There is concrete evidence that proves this by people that have painstakingly saved frames of trades that have actually taken place and what is later reflected in " reports" of trades by brokers,MM's and the DTC. There is also evidence that these players recruit low level people to frontrun (what they would call "research") a company such as PHGI. Many such listed Pinks have been targeted by this "crew", some posting on this very board. There is also evidence that these cats have been paid by MM's/brokers with prepaid credit cards in order to conceal the relationship between these low level players and the more powerful hedgefunds/MM's/brokers. Those low level players beware: Your "employer" will hang you out to dry when the rubber hits the road. The "prepaid" payment arrangement is to protect them and not you. Those low level players may be cocky enough to think this will never happen, but my prediction is that it will, maybe not tomorrow, this year or next, but it will. The evidence is there, just a matter of time before all is brought to light and finally enforced.