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Better question might be, is there a future for this company?
What the future goal of this Company?
And I assume they will do the same in the other shells they have taken control of.
I have sold out of a majority of my holdings in PHBR/ACRU.
It was a good ride - good luck to those that are still in it!!!!!!!!!!
If it continues to go down I will get back in, but for you guys, hopefully not.
You're most welcome!!
Thank you Renee!!!!!!
Effective Dec. 30, 2021 PHBRD will change to ACRU:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Now they're doing 1 share buys at 3.99 to keep the pps propped up.
8 trades so far today. I'm sure the em..."management" thinks their fooling traders.
Everybody having fun with AMERICREW?
Their doing that "carpet bomb" 1 share buy on the ASK about ever 1-10 seconds to hold the price up and to make sure any sells at the BID of 0.022 are quickly erased.
Seen it before many times right before an RS,wonder who Companies hire to do this?
Effective Dec. 1,2021 PhoneBrasil International Inc. will change to Americrew Inc. and a one for 100 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Only down 12% - actually not too bad.
REVERSE SPLIT COMING TOMORROW!!
Renee will post all the details. RUN!!!!
I guess I am the only one left here.....
Another 244K shares for sale at .0397.
It's never ending!!!!!!!!
I smell a reverse split.
I've seen this movie before - forgot that I did, but I did.
I say it happens in a couple of days............
Another 100,000 share print .0223.
Unbelievable - the stock never trades at 6,7,8 cents but at a couple of pennies, hundred of thousands of shares.
AMH
Who the hell is selling all this stock and why am I buying so much of it?
Another 150,000 shares prints.
I'm starting to think I made a mistake buying this...........
WOW PHBR DOWN ANOTHER 51%
SOMEONE JUST SOLD 110,000 SHARES AT .0211
PHBR has turned into a crap stock - so sad........
Looks like someone is already hitting the bid............
Thanks for your analysis as always POTSE.
RM structure: extremely disappointing.......
Sellers showing up today..........
I hope your sales are significantly higher then your purchases - appreciate all your input so far!!!!!!!!
splintered sunlight...finished accumulating my position......
Thoughts Potse?
THANKS
8K out Friday
https://www.otcmarkets.com/filing/html?id=15013159&guid=gZDUkH8bvsl9ith
Quote:
On May 28, 2021, PhoneBrasil International Inc., a Delaware corporation (the “Registrant”) executed a binding amendment (the “Amendment”) to a non-binding Letter of Intent dated March 8, 2021 (the “LOI”) by and among Mikab Corporation (“Mikab”), Novation Enterpises, LLC (“Novation”) and the Registrant, which LOI sets forth the preliminary understanding with respect to a proposed reverse merger in which Mikab acquires control of the Registrant (the “Transaction”).
The Amendment provides that in the event that the closing of the Transaction fails to occur and within 12 months after termination of negotiations either or both of Mikab and Novation accept a proposal with respect to an acquisition transaction meeting certain enumerated criteria, or if either or both such parties accept such a proposal from a third party with which such party(ies) had communications within the 12 month period, whichever of Mikab and/or Novation accepts such proposal will immediately pay the Registrant a break-up fee of $75,000, or if both Mikab and Novation accept such proposal they will jointly and severally pay a break-up fee of $75,000 to the Registrant.
Prior to closing the Transaction, Mikab expects to acquire certain of the assets of Novation in exchange for one-half of the common stock of Mikab. The Mikab shareholders are then expected to receive approximately 94% of the Registrant’s outstanding common stock. Mikab and Novation are each service companies engaged in the business of building a national infrastructure involving the installation of rural wireless telecommunication cables, upgrading wireless communications towers and going forward providing services to electronic vehicle (EV) charging stations. The assets to be acquired from Novation also focus on hiring, training and employing U.S. military veterans. The assets of Novation which Mikab is acquiring in the Transaction relate to this business, and Novation will continue its other operations after the Transaction, with Novation’s Chief Executive Officer expected to become the Chief Executive Officer of the Registrant, and Mikab’s President expected to become the Chief Operating Officer of the Registrant.
Following the Transaction, the Registrant is expected to change its name to “AmeriCrew Inc.” and approve a reverse stock split in the range of one-for-25 to one-for-100 as the board of directors of the Registrant will later determine, subject to approval by the Financial Industry Regulatory Authority.
The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to, the Amendment, which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.
You guys got to help how do you unload this thought I have brokerage account and Merrill Edge TD Ameritrade I can't transfer it to save my life because it considered a low security with high risk how are you guys selling and buying this.
Only time will tell Tommy........
I wonder if things are getting close or its still one shareholder loading a very large position.....
FYI - IF WE PRINT ON THE OFFER, THEY WOULD BE AT LEAST AT LEAST A 10 YEAR HIGH ACCORDING TO CNBC................
PHBR...increased my position......
Thank you very much.
Links looks good and so does PHBR.
From your mouth to God's ears. I have been sitting on this one for so long. Let's keep a close eye on it
I tried to make contact with him on twitter but didn't get a response. Its possible the volume we see is from what ever target reverse merger getting closer and people familiar with the deal buying some cheaper shares. Or could just be retail noticing the same things we did.
Dimaggio has been very quiet on LinkedIn. His last post dates back a month. Can't remember this much volume on PHBR
Lazar did the custodianship and cleaned up the shell, brought it up to SEC reporting current.
Then Ross Di'maggio purchased the shell from lazar for $245k in cash.
https://www.otcmarkets.com/filing/html?id=14563104&guid=UgypUeSHJMVYG3h
Also as part of the purchase Dimaggio got 18m shares of common stock(62% of the outstanding) this is good news because whatever he does to the common shareholders he does to himself.
if you look at his linkedin profile it appears he follows/helped some companies that went from OTC to big boards..
https://www.linkedin.com/in/ross-dimaggio-0b4b9219/
all of these factors are why i purchased a large chunk of shares a couple months ago and am now just waiting for something to happen.
tbattaglia I always thought that PHBR was a Lazar shell.
You said it is a Ross Dimaggio - am I wrong?
Either way I like the way it's acting.
Thanks
What's going on with PHBR waking up all of a sudden with decent volume. Any new development?
Maybe Ross Dimaggio is close to executing on whatever plan he has for this shell. He is very active on linkedin with other OTC COs that are all trading above $50 million market caps. I'm not sure if his Company was involved with their going public but that is the impression I get.
Thank you vey much for a thorough analysis.
I appreciate it.
splintered sunlight...regarding PHBR.....
Potse,
Do you have an opinion of the action in PHBR the last couple of days?
I have been conversing with jepekay who also owns a position......