posted January 21, 2004 09:20            

For all newbies or previous DD information the old thread is here...

http://www.allstocks.com/stockmessageboard/ubb/Forum8/HTML/002857.html

posted January 21, 2004 09:42            

quote:

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Originally posted by Marcidius:
# 2

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posted January 21, 2004 09:52            

quote:

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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 20, 2003
POINT GROUP HOLDINGS, INCORPORATED
(Exact name of registrant as specified in its charter)
Nevada
(State or jurisdiction of incorporation or organization)
0-29113
(Commission File Number)
54-1838089
(I.R.S. Employer Identification Number)
1535 Blackjack Road, Franklin, Kentucky 42134
(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (270) 598-0385
3744 Poe Street, San Diego, California 92107
(Former name or former address, if changed since last report)
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) Effective on November 20, 2003, the independent accountant
who was previously engaged as the principal accountant to audit the
Registrant's financial statements, Beckstead and Watts, LLP,
resigned. This firm audited the Registrant's financial statements
for the fiscal year ended December 31, 2002. This firm's report on
these financial statements was modified as to uncertainty that the
Registrant will continue as a going concern; other than this, the
accountant's report on the financial statements for those periods
neither contained an adverse opinion or a disclaimer of opinion, nor
was qualified or modified as to uncertainty, audit scope, or
accounting principles.
During the Registrant's most recent fiscal year and the
subsequent interim period preceding such resignation, there were no
disagreements with the former accountant on any matter of accounting
principles or practices, financial statement disclosure, or auditing
scope or procedure. In addition, there were no "reportable events"
as described in Item 304(a)(1)(iv)(B)1 through 3 of Regulation S-B
that occurred within the Registrant's most recent fiscal year and the
subsequent interim period preceding the former accountant's resignation.
(b) Effective on November 21, 2003, the firm of Smith & Company
has been engaged to serve as the new principal accountant to audit the
Registrant's financial statements. The decision to retain this
accountant was approved by the Board of Directors. During the
Registrant's two most recent fiscal years, and the subsequent interim
period prior to engaging this accountant, neither the Registrant (nor
someone on its behalf) consulted the newly engaged accountant
regarding any matter.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibits.
Exhibits included are set forth in the Exhibit Index pursuant
to Item 601 of Regulation S-B.
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Point Group Holdings, Incorporated
Dated: January 20, 2004 By: /s/ John Fleming
John Fleming, President
EXHIBIT INDEX
Number Description
16 Letter on Change in Certifying Accountant (see below).

--------------------------------------------------------------------------------

EX-16 LETTER ON CHANGE IN CERTIFYING ACCOUNTANT
Beckstead and Watts, LLP
Certified Public Accountants
3340 Wynn Road, Suite B
Las Vegas, Nevada 89102
702.257.1984
702.362.0540 fax
January 20, 2004
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
The firm of Beckstead and Watts, LLP was previously principal
accountant for Point Group Holdings, Inc. (the "Company"). We
reported on the financial statements of the Company for the fiscal
year ended December 31, 2002, and reviewed the Company's financial
statements through the interim period ended September 30, 2003.
We resigned as principal accountants effective November 20, 2003. We
also notified the Company on November 20, 2003 that our client-
auditor relationship had ceased .
We have read the Company's statements included under Item 4 of its
Form 8-K dated January 20, 2004, and we agree with such statements,
except that we are not in a position to agree or disagree with the
Company's statement that the change was approved by the Board of
Directors or that Smith & Co. was not engaged regarding any matter
requiring disclosure under Regulation S-K, Item 304(a}(2).
Very truly yours,
/s/ Beckstead and Watts, LLP
Beckstead and Watts, LLP

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posted January 21, 2004 10:13            

We have more news coming out this week for sure?

quote:

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Originally posted by m_h13021:
Looks like just another weak day on great news. We have better non-PR days than this.

Sorry, thats right we have great undisclosed, huge, confidental, news coming out this week!!! -

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posted January 21, 2004 10:20            

Man PGHI is starting to vex me. It never moves!! LOL. But I guess low volatility is a good thing

quote:

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Originally posted by m_h13021:
On the positive side, in the OTC it does take days for a good PR release to really set-in(see the affects in the PPS) -

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posted January 21, 2004 10:40            

quote:

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Originally posted by tommy:
A lot of red throughout the market today, no worries. Don't follow PGHI every single second of the day, it's not gonna tank on you suddenly! LOL

GLTA!

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posted January 21, 2004 10:40            

quote:

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Originally posted by stockguyDD:
any1 thikn this is just an MM shakeout?

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posted January 21, 2004 10:42            

quote:

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Originally posted by BetNitAll:
m_h

We have more news coming out this week for sure?

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posted January 21, 2004 10:42            

quote:

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Originally posted by tommy:
A lot of red throughout the market today, no worries. Don't follow PGHI every single second of the day, it's not gonna tank on you suddenly! LOL

GLTA!

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posted January 21, 2004 10:47            

quote:

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Originally posted by m_h13021:
Well, this is what ignorantbliss and drwright68 are eluding to in their posts! I have no knowledge of this, nor am I saying it will happen. Just reiterating what I have read here. - Marty

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posted January 21, 2004 10:49            

Sorry I had to vent about the people who question every tick that ANY stock makes! LOL

GLTA!

posted January 21, 2004 10:53            

quote:

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Originally posted by tommy:
It's funny to hear people say "I'm long" and see them worry about the stock every single second of every trading day! Where's the logic in that? None!

Sorry I had to vent about the people who question every tick that ANY stock makes! LOL

GLTA!

[This message has been edited by tommy (edited January 21, 2004).]

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posted January 21, 2004 11:15            

I just want to reiterate that I did not and will not specify on when another PR will be released or what it will be about.

All I will say is that this company is on a great path to success. There will be huge news coming soon and lots of it!

GLTA!!

posted January 21, 2004 11:18            

quote:

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Originally posted by ignorantbliss:
I never said this week.

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drwright68: "anybody want to speculate as to the LOI that will be announced this week?....yesterday's news was not it!"
ignorantbliss: "I know exactly what it's going to be. However, I can't divulge such confidential information."

OK, correction. No, you did not say anything about news this week directly. But when you follow up with these post anything can be assimilated.

posted January 21, 2004 11:21            

quote:

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Originally posted by m_h13021:
drwright68: "anybody want to speculate as to the LOI that will be announced this week?....yesterday's news was not it!"
ignorantbliss: "I know exactly what it's going to be. However, I can't divulge such confidential information."

OK, correction. No, you did not say anything about news this week directly. But when you follow up with these post anything can be assimilated.

Isn't it amazing how each individual can interpret a statement. -

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posted January 21, 2004 11:21            

quote:

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Originally posted by ignorantbliss:
All,

I just want to reiterate that I did not and will not specify on when another PR will be released or what it will be about.

All I will say is that this company is on a great path to success. There will be huge news coming soon and lots of it!

GLTA!!

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posted January 21, 2004 11:27            

quote:

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Originally posted by m_h13021:
Now I understand! Thank you for the clarification. Did you see my point on the prior post? - Marty

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posted January 21, 2004 11:30            

quote:

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Originally posted by cndboy:
Guys let's stay focused here.. I'm happy you have some info... ok great very happy for you... now we all know were this stock is going so patience...

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posted January 21, 2004 11:30            

quote:

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Originally posted by Brada777:
ignorantbliss
Where are you getting your information is John e-mailing the PPM team>?

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posted January 21, 2004 11:35            

quote:

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Originally posted by ignorantbliss:
No he's not.

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posted January 21, 2004 11:38            

quote:

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Originally posted by drwright68:
The key word was speculate....would like to get the board focused on that. i'm not leaking anything. if the board starts thinking in those terms we will be ******g soon enough....the news is coming!

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_____________________________________________

OK, the key word is "speculate" but in the context of your statement, I have taken that statement and read it as "does anyone want to speculate on what the LOI is, that will be announced this week?" Right? Really the whole point is if you know something and it is not public knowledge, lets not speculate. -
_____________________________________________

posted January 21, 2004 11:58            

quote:

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Originally posted by tommy:
Calm down buddy, you know what I mean!

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posted January 21, 2004 12:08            

quote:

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Originally posted by clay1999:
Great press release... drove the price right down .....I hope it picks up by this afternoon!!!!

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posted January 21, 2004 12:17            

DD for PGI

Take a good look at this stock ... PGHI, I have been watching it for some time now and I think this could be at the doors of a breakout soon, maybe next week, please read this information I copied from another board. Always do your DD first before taking any action, but i think this could be an opportunity, but again do your own DD.

The first significant development is a corporate name change to GameZNflix Inc. How significant is this? This demonstrates to the shareholder that PGHI is extremely focused on the success of it’s online business to the extent that they are developing much of their current business model around it’s success. "When you review companies like NetFlixdotcom and apply a similar model to Veegeezdotcom it is easy to see the potential of our new subsidiary." President John Fleming continued, "We feel there is a great upside for our shareholders with this acquisition."

Should shareholders be excited? Absolutely! After all Netflix pulled off a dot-com IPO and reached profitability faster than anyone predicted. Netflix shares have taken a “gigantic leap” in less than 2 years from $4 to $60. Is isn't unreasonable to assume that GameZNflix shareholders will realize substantial gains from it’s current trading level.

A second significant development is the launch of a new web site designed by Roy Vella, Web & Print Design Service. Lance Wiseman, CTO states, "The signing of this contract begins the next phase of VeeGeeZdotcom's business plan to provide enhanced services to its customers. In addition, the new design will not only meet our current video game rental customer base it will setup our expansion into the DVD rental world."

Did he say DVD? A third significant development which will become a much more significant factor in the success of the current business model is the addition of DVD’s to it’s current business model.

The expectation for the launch of online DVD rentals combined with it’s current Online Gaming Rental business is extremely significant. After all Netflix currently does not offer or market Online Video Game Rentals! It will be much more convenient for America to have an subscription service that caters to families that desire both a DVD and Video Game Rental Service! Will this increase the number of people that subscribe to their service? Yes! Will this increase shareholder value? Absolutely!

CANDLESTICK CHARTING PATTERNS
ASCENDING TRIANGLE PATTERN OCURRING
BREAKOUT IMMINENT
(Link Provided)
Let's talk about the ASCENDING TRIANGLE... This pattern is occurring here and will eventually lead to our BREAKOUT...

On the ascending triangle, the horizontal line represents overhead supply that prevents the security from moving past a certain level. It is as if a large sell order has been placed at this level and it is taking a number of weeks or months to execute, thus preventing the price from rising further. Even though the price cannot rise past this level, the reaction lows continue to rise. It is these higher lows that indicate increased buying pressure and give the ascending triangle its bullish bias.

.05 has been resistance on two previous occasions. Reaction lows continue to rise. When we have our final base established at .04 and our new name change and web site are released.... OUR ASCENDING TRIANGLE PATTERN will lead to a BREAKOUT.

Also keep in mind.... as I've stated before. Because we have no previous buyers above .05... there is ZERO upside resistance which means the BREAKOUT will be significantly stronger than most anticipate.
.10 and beyond will be here soon."

PLUS --------

LINKS:

Current Website: http://www.gameznflix.com/ http://www.veegeez.com

Big Charts showing stock at the top for last 3 months: http://bigcharts.marketwatch.com/industry/bigcharts-com/focus.asp?bcind_ind=scr&bcind_sid=&bcind_period=3mo

Stock Charts showing the stock with perfect cup handles
reforming and steady consolidation and rising price: http://stockcharts.com/def/servlet/SC.web?c=PGHI,uu[h,a]daclyiay[db][pb200!c50!f][vc60][iut!Uc20!Ud20]&pref=G

Buying indicators and resistance: http://quotes.barchart.com/texpert.asp?sym=pghi

MM’s on the stock: http://www.otcbb.com/asp/mp_quotes.asp?Quotes=PGHI

Competitors on the net selling DVD's & Games: http://www.bestwebbuys.com/video/dvd-rentals

Blockbuster interview discussing revenues in the industry & projections http://www.twst.com/notes/articles/paa224.html

SEC filings for PGHI http://www.marketwatch.com/tools/quotes/secfilings.asp?symb=PGHI&sid=1331222&siteid=mktw

Financials for PGHI http://www.marketwatch.com/tools/quotes/financials.asp?symb=PGHI&sid=1331222&siteid=mktw

Traffic for the site of Veegeez: http://www.alexa.com/data/details/traffic_details?&range=2y&size=medium&compare_sites=&url=http://www.veegeez.com/#top

In general: IMO ----
Without pumping and without PR's, the stock has risen
to its approximate worth as per the float, shares
outstanding and cash flow. Coming in the near future: an acquisition, a name change, a new website for customer base ordering online, and other forthcoming PR's coupled with Private Placements generating new income should help propel the stock nicely. The CEO does not believe in
fluff PR's, and seems poised in his motivation to try to become the leader in the Games/DVD online industry. We also expect the official opening of the second distribution center which will be located in Kentucky.
This should impact our shareholders quite favorably.

Point Group Holdings, Inc. Announces Move to Franklin, Kentucky
December 09, 2003
Point Group Holdings, Inc. announced that its corporate headquarters is relocating from San Diego, California, to Franklin, Kentucky, during the last weeks of December. This relocation is part of the planned opening of PGHI's subsidiary's VeeGeeZ.com new distribution center which will located in the Franklin area. The distribution center will be the second center for VeeGeeZ; the original distribution center will remain open in California.

Point Group Holdings and Legend Mobile Establish Joint Venture
FRANKLIN, KY and ANN ARBOR, MI -- (MARKET WIRE) -- 01/20/2004 -- Point Group Holdings, Incorporated (OTC BB: PGHI) and Legend Mobile (OTC BB: LGMB) today announced that they have reached a basic agreement that will create a joint venture between the two companies. The companies intend to collaborate on leveraging Legend Mobile's portfolio of entertainment relationships to develop and market Point Group's upcoming GameZnFlix.com online DVD and Game rental service.
The aim of the joint venture is to contribute Legend's expertise in the areas of entertainment marketing, licensing and branding, mobile advertising and stored value programs to the launch of Point Group Holdings' new online movie and game rental service to be known as GameZnFlix.com.
"I am excited to work with PGHI on this project. We look forward to contributing to the launch and success of this very competitive online rental service -- GameZnFlix.com," stated Peter Klamka, President of Legend Mobile.
In addition to the marketing efforts and strategy by Legend Mobile, Point Group Holdings will extend a credit facility to Legend Mobile of Five Hundred Thousand Dollars and Mr. Klamka will also be joining Point Group Holdings' Advisory Board which will be established in February 2004.
PGHI's CEO/President, John Fleming, stated, "We are fortunate to have the opportunity to work with Legend Mobile to bring GameZnFlix.com to the public, along with increasing our exposure of our online game rental company VeeGeeZ.com. The joint ventures we have planned will greatly assist our launch in February of GameZnFlix, as well as the future of both of the companies."
Since its inception in 1998, Legend Mobile has developed a number of commercial opportunities for celebrity brands in various new and traditional media. Mobile has been a pioneer in creating branded mobile products such as PDAs and mobile applications and accessories. Legend's work was highlighted in the industry study: "DoCoMo -- The Wireless Tsunami." Through its subsidiary, Legend Credit, the company creates stored value products such as gift cards and reloadable debit cards. Legend has worked with a range of world recognized brands and personalities. In the past five years, Legend's work has included Claudia Schiffer, Christina Aguilera, Hilary Duff, NASCAR personalities, Disney Records, Nelly, and Mandy Moore. Additionally, Mr. Klamka has worked with Paramount Pictures, the rock group KISS, and major distributors in the pay-per-view television industry.
Point Group Holdings, Incorporated is a holding company which, through its subsidiaries, provides management services to businesses that have an operating history or can substantiate future performance in their respective industries. The Company participates in companies in various fields of business by providing executive-level managerial assistance as well as arranging for and contributing capital investment.

The link for LEGEND: http://www.legendm.com/whoweare.htm

posted January 21, 2004 12:19            

01.21.2004 _____________
Authorized: 900,000,000
Issued: 474,634,040
Float: 234,625,696

01.16.2004 _____________
Authorized: 900,000,000
Issued: 469,074,949
Float: 230,425,696

01.09.2004 _____________
Authorized: 900,000,000
Issued: 468,049,949
Float: 226,284,982

posted January 21, 2004 12:40            

quote:

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Originally posted by clay1999:
Good news or what ever it's still dropping.... I've been experiencing every time news comes out no matter how good it is the price of the stock drops!!!!! I hold a large number of shares here also...

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posted January 21, 2004 12:41            

This stock does not drop everytime a PR is released. What we have seen the last two PR's is this.

The December 9th PR everyone new it was coming. It was all over RB and everywhere else. Everyone even new what the PR was......So everyone and their uncle bought the stock.....the pr was released and it didn't show up on any streamers....thus the only people who new about the PR was the people who had already bought. The day and swing traders saw that the price was not moving fast enough, and so they bailed out and they price dropped.

Same thing happened here. There was a big assumption that there was going to be a PR this week, so people bought the stock and drove the price up.....the pr was released and it again didn't hit the streamers.....The price rose to .061 and hit resistance, where there was some selling. MM's do shake (anyone with "Last Sale" can see it was an MM shake) and price drops. Limit orders set at .05 cause Day and swing traders to sell, so price drops.....slowly throughout the day.....

This is the life of a stock.....there has been problems with PR releases, it does not change anything......

Magoo is on his way to talk to JF about investing a large some of money. DVD aquisition (sp?) is on its way....new name change, and new website in Febuary.

[This message has been edited by BetNitAll (edited January 21, 2004).]

posted January 21, 2004 12:51            

quote:

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Originally posted by BetNitAll:
Clay....AND EVERYONE ELSE TOO....

Now F*CKING relax already. The price will go up when it goes up. If you don't like it then sell!!!!!!!!!!!!!!!

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OUCH. Just a gentle reminder this is a forum. People come here to voice their concerns and praises. We are very lucky there has been no "bashers" present. If we stymie people's comments that are based on "true" sincerity what good is a forum anyway?