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Technology Stocks : PHGI -Perihelion Global, Inc.
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From: creede10/24/2005 10:21:05 PM
   of 827
 
The financing for this deal has not been a pleasant experience for shareholders. I do, however believe we are in a much better place on the timeline than those that came before us. And management is no doubt guilty of not being very frank on the timeline. Two years ago this was a stupid investment. Why? Because revenues were so far off. But you wouldn't know it from reading the PR's. All the PR's from back then sounded like New Screen was already broadcasting their library...perhaps at first, but not after July, 2004. How do know this? Because Erikson and Astrom told me that America One had a contract from July 2004 till July 2005. Why did they do this? Because they did not have enough content at that time to fill the schedule...so, they made a little money by letting America One do the broadcasting. Notice the PR's say "Fall Schedule" but they don't say which fall. That's why the 24/7 broadcasting started in August...they had their content, their equipment from RushWorks, and the America One contract was over. So, the PR they released today is new because it has a date.

Anyway, that's all water under the bridge...We can't change the past...I am just wondering if the public is going to like the product...that's the real question.

GodBless-NoDoubt
cris
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