Tuesday, October 10, 2006

SIS Update

10/05/06

Dear Thomas Aliprandi:

A user at Stock Information Systems has the following question:
A rumor of a pending reverse split has been spreading around the message boards in IHUB (Investors' Hub). I refuse to believe it since you've indicated in your past shareholder letters that you are all for increasing shareholder value and trapping the shorts. What is your policy on reverse splits? From a concerned shareholder
Sincerely,

Dear Concerned Shareholder,

I understand your concern and I am presently considering different options for the benefit of the company. Here is where I am. We are averaging approximately 15 mm shares of daily trading which equates to about $3,000.00 or less per day; hardly adequate to raise capital from anywhere. We have raised next to nothing over the last year because of our share price and the changes in the 504 regulation. I have personally made virtually nothing from PMHJ while trying to fix this situation for the shareholders with whatever personal means possible. I own less than $1.00 worth of shares. In the meantime, I have recently lost (2) deals with tremendous revenues due to my inability to raise capital and commit to long term funding. That being said, I don’t believe we are being shorted right now. When we trade below .01 we are X traded which really isn’t conducive to the shorting environment. So, what would you do? Keep personally funding a deal you are not being compensated with? Provide yourself with a fighting chance to save the investors? Just an FYI…when I R/S’d the stock over (2) years ago it saved PMHJ. Our revenues grew for the following (3) months. Should I do that now? I am not sure. I assure you this…I will not go down without a fight.

2 Comments:

Anonymous Anonymous said...

Ha he's gonna reverse split....

4:08 PM  
Blogger pmhj said...

You were correct.

7:07 PM  

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