The excellent cash flow report last week should be viewed in...

The excellent cash flow report last week should be viewed in conjunction with the subscription in March by directors Mangle, Gregory and James of $900,000 for share placements at 14 cents. That took place about one week before the CPHC acquisition was settled on 7 April. It also occurred during a period of general market turmoil.

It was a first class vote of confidence in PHG by them. They obviously knew back then that 14 cents was a good price . So what does that make the current price of $0.09? Bargain basement! My next target.....$0.32