Archive for January 29, 2009

The unfortunate effects of honestly.

Posted in Message from the CEO on January 29, 2009 by phantomadmin

In this Blog we have really tried to keep those reading, how ever you are connected to PHEI in the “loop” – meaning STRICTLY – a straight forward way of publicly distributing information.

As seen below one blogger doesn’t feel that way.

His name is Joe – motorcards@hotmail.com – ip: 67.77.78.88

SCUMBAGS now i begin my post in all the local gamer and stock boards telling them that you are nothing moreĀ  than SCUMBAGS. SEE YA AT THE SCC HEARINGS YOU STUPID BASTARDS LIED ON THIS SITE WHICH DOES NOT GIVE YOU THEĀ  SAME PROECTIONS AFFORDED YOU IN YOUR DISCLAIMER YOU OUT AND OUT LIED ABOUT SHIPMENTS AND QUANTITIES YOUR FUCKED NOW.

Well Joe, per the SEC – NOT SCC – the following applies.

http://sec.gov/rules/final/33-7881.htm
In the Proposing Release, we stated that an issuer’s posting of new information on its own website would not by itself be considered a sufficient method of public disclosure. As technology evolves and as more investors have access to and use the Internet, however, we believe that some issuers, whose websites are widely followed by the investment community, could use such a method. Moreover, while the posting of information on an issuer’s website may not now, by itself, be a sufficient means of public disclosure, we agree with commenters that issuer websites can be an important component of an effective disclosure process. Thus, in some circumstances an issuer may be able to demonstrate that disclosure made on its website could be part of a combination of methods, “reasonably designed to provide broad, non-exclusionary distribution” of information to the public.

We emphasize, however, that while Rule 101(e) gives an issuer considerable flexibility in choosing appropriate methods of public disclosure, it also places a responsibility on the issuer to choose methods that are, in fact, “reasonably designed” to effect a broad and non-exclusionary distribution of information to the public. In determining whether an issuer’s method of making a particular disclosure was reasonable, we will consider all the relevant facts and circumstances, recognizing that methods of disclosure that may be effective for some issuers may not be effective for others. If, for example, an issuer knows that its press releases are routinely not carried by major business wire services, it may not be sufficient for that issuer to make public disclosure solely by submitting its press release to one of these wire services; the issuer in these circumstances should use other or additional methods of dissemination, such as distribution of the information to local media, furnishing or filing a Form 8-K with the Commission, posting the information on its website, or using a service that distributes the press release to a variety of media outlets and/or retains the press release.

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That being said – thanks to all that have supported the new and improved PHEI – gonna be a slow and difficult battle, most of you know that already.

The content of this BLOG is not announced, proclaimed, secretly released, used as leverage, written to stimulate, or used to cause a ripple effect of actions effecting the free will of any individual… etc, it is purely a public blog. Plain and simple, please don’t base your financial well being on a blog, or life changing decisions from the info here.

Thanks again for your support.