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The CC From Jan 20th time 39min to end of call Henry explained the increase in shares and travel plans. It's not my DD but what the CEO said. CEO said he was traveling to these areas.
Saying it's my DD and that the DD is bad is incorrect.
Time 45:40 is when he said he would travel and where. I don't understand the need to discredit the CEO CC and what the CEO said. I even did a recap on everything the CEO said on the CC.
Those where henry words transcribed from the cc and him telling investors what he was doing, where he was traveling.
If Henry didn’t do as he said he would then it’s up to him to communicate and explain why he didn’t complete the trip as explained.
I have limited post daily so this is my last post.
Documents, links found are for all to review and decide for themselves. Many items found have become fact and confirmed. To say it’s a total bust is misleading. Well over 70% of what was found became confirmed in filing or explained by the ceo over the years.
Examples.
Activation of lux fund was a heavily speculated topic.
Glink take over where Phil now holds 43%.
A trip to secure more funding and now we have on the table 6.2bill in options instead of 5bill.
ADE project and offices.
Crypto projects.
And so on.
There is enough information to heavily speculate the $200mill loan is done. There would not be transfer of funds details in loan docs if the loan was not getting completed.
Everything posted, is found from official sites and news articles. It's there for anyone to use and share. I give my opinion and some feedback also. But the source data is there for others to decide for themselves. We are on the cusp of Henry officially announcing everything.
It's been some time since I posted here. ST is where I have been posting all the DD found, shared links and information.
I felt this was important to post over here on this topic. I know a few want to say the details don't add up. When these funds move into place, and they will. I will be interested to see what those claiming this is all fake and fraud will say then.
We have a ton of DD folks helping bring information forward.
Much is found but not officially disclosed by Henry yet. Here is the loan liner, with account, swift and transaction details. What I find interesting is Phi Luxembourg Development SA updated shortly after a window closed, on Firmen Wissen the date updated. I was waiting on docs to load to Dato Capital to verify balances moved over.
I strongly feel that the company providing the $200 million would not provide account details if the money was not to move. Sort of Henry officially disclosing this I feel enough has been found to say the $200 million is done.
I'm still waiting on the loan liner to update and pay for the report to see those account details for the 1 billion loan also.
As always, the source data is provided for anyone to verify the legitimacy of the post. These sites have been provided in the past and many of us keep tabs on what is posted.
https://www.lawinsider.com/contracts/iPjNfj3Ithl
I’m not emotional over the issues at hand. I’m tired of investors privately discussing these things on the side lines. Sending me emails, text and messages of many things. Do I post the messages and show everyone. I would not do that as I’m not that person. Now it’s in the open and they remain silent.
What is frustrating is having found information and being told if I post it and price goes to high we risk creating a RS. Buyback first then information. Am I being played? Do I release the intel found on vinafilms revenues and see what happens? All it was is a revenues by company excel sheet that the local tax office generated for companies on the list. Revenues are in line with projections based on the sheet.
There is a large portion of investors who have been flipping and enriching themselves while many of us hold what we own.
I’m tired of helping with the dd and finding the positive. I’m exhausted from the late nights and missed family time. 2 long years of waiting and that was the cc to make the difference. I found the positive on that call and the prior filings. I have always posted my feedback.
Do I plan to invest much more of my time like in the past. I’m not sure at this point. Do I think long term this holds value. Yes. Am I tired of waiting. Yes. At this point Henry is the only one who can turn the ship and point this past $.02 range.
The market will only do so much. Henry himself even said it’s the market that drives the price on the last cc so that tells me he has no intentions of given the market what they want right now. We wait for next filing to see what else may be disclosed.
I sent Henry a lengthy email and showed him where he shared non public information with the investment world in the last cc. He never responded.
Great CEO’s can be terrible with tech. He has time and time again shown that zoom calls are not the venue that keeps investors happy.
To me it’s simply a cost issue. He doesn’t want to pay for the other options. He received free slots on the ECG and the call went smooth but still a disaster. He reads the safe harbor disclosed and discourages new investment each time. He has done this on every call I have ever been on.
To me he wants price low and investors to stay away by reading the disclose each time and emphasizing that risk and loss of money can happen. The day he changes the pattern is the day I’m proven correct. No other ceo out there reads safe harbor and starts a call out with discouragement on every call.
The only reason the stock has gone up is from investors spreading the dd and sharing what is going on. Henry gives very little confirmation to the things we dig up. He drops a name or word that we have to go look for. Look at the last zoom call.
After I calmed myself like many. I went back and dug into the call. I found more than 10 items of interest. Does the market care. Not that day or shortly after because we lost 50% value. Do investors really care today about the items in the pipe. Not really because values are so low and we don’t have buyback or revenues disclosed.
We know the problem and now a good chunk of investors feel the only quick resolution is to hold price low for the buyback to be done quicker.
I have always posted dd and was told to stop or I can hurt the buyback resulting in a RS. I said that’s bs. Took a ton of flack and now get flack for openly telling investors on the board what is happening privately.
Your right it doesn’t make sense but henry is the one who won’t disclose revenues or buyback details because it’s a delicate situation. He is the one to blame for any price pull back. That call was to be the pivotal point in which the company took its next steps.
However he fumbled and I took so much crap for supporting him and being one of the major DD posters to the board.
For those that want to say it’s a nonsense topic then back it up. If the buyback is not successful what other options does the ceo have to reduce shares?
The ceo is the one who said it’s a delicate situation. Quell the na sayers and back up what else could be done besides the RS.
I have tried to resolve the topic off board and even with my friends and family to no end. Give me the tools that I lack to have an educated conversation. Because going back to them and saying it’s nonsense and you have to believe me. Is not working.
Showing the finra data and hearing the ceo say many times the buyback is under way and block transactions do happen. That’s not good enough.
Telling them well he can sell off xyz or raise money in other ways. That doesn’t work either.
I think the disconnect is many don’t think the negotiated transactions with brokers are real as per the finra report.
They still feel the shares must be purchased open market price. We all have seen the post from many saying how can a company with no revenues purchase back 10bill shares as a cost of 100mill dollars for $.01.
The only way to confirm one way or the other is for Henry to tell us on financials that they are on the books.
So we have two majority types of investors when it comes to how the buyback will happen. Those that feel it’s already collected in the lower prices. And those who feel nothing has been done and want the price lower.
The individual investors are already named in the financials as people of interest who hold a couple billion shares for deals like vinafilms or other purchased ventures. Those investors are also returning shares. I’m sure they see the price go up and that complicates those transactions.
I got a number of private messages from investors concern about posting more dd could harm the buyback process.
So let’s get it in the open.
Henry said on the cc that the buyback is a delicate process. Many took this as a negative. I took it as the buyback needs to be successful or we face the alternative and that is the RS since that is the only other direction he could take to reduce shares.
I don't know why Henry is saying what he says around the buyback. I feel the majority of the shares are already locked up with brokers and getting return.
My only concern is the change in the dividend from 20/1 to 2000/1. This means something changed.
There is no clear explanation as to why the dividend changed. Some say it will be worth more so we get less shares on the dividends. Well to that I say Henry told us on the last cc that the dividend needs to have more value and items folded into it or it won’t be successful. That tells me we get a water down version.
Personally I viewed the change in dividend as a negative. I held back my opinion as I felt the cc would resolve my concerns. I waited two years for this last cc like many and didn’t get what we were waiting for.
I understand why this dropped. The cc held many great things and everyone just glossed over the talking points. Investors only cared about revenues and buyback totals. Both are currently undisclosed.
We have to wait for next set of filing to see if anything is disclosed. That is why uncertainty is high again.
I feel I was used to help push price up while the entire time many where flipping and adding to there positions over time off my constant dd and persistence to defend the board.
It’s Henry time to shine and he either makes it happen or it fails. Right now he is failing with the majority of investors who wanted to see revenues and buyback. I can post the revenues sheet for vinafilms found but what good will that do if it causes a RS and price goes to high.
I could care less at this point one way or the other as to the price, rs or anything else as I’m stuck between a rock and a hard place. The shares I have here is only going to cause my taxes to go up. I can feasibly sell less than 10mill shares before I’m over the max threshold I want to be for tax purposes after checking things tonight.
I have to wait until next tax year to sell more.
Knowing where I personally stand I’m going to hold the majority of my shares but reduce my position. My friends and family are also doing the same. Some did right after the cc and told me I lied to them.
After much discussion with my friends, posters on the board, my research circle and family showing the dd. Many only cared about revenues and buyback totals that are still undisclosed.
Do I believe in Phil long term. Yes, I see value but there is no need to hide the bad and only show the good. I have always posted both ways and right now Henry has created a larger problem for many investors who feel he failed to deliver on this last cc.
Reality is Henry is the only one who can fix the price and put this north. After the last cc he is not going to fix that any time soon.
We are two weeks away from the next press conference and all that will be is the ceremonial breaking of the ground for the Asia Diamond exchange center when he goes to Vietnam. He has some paperwork to sign also. Who knows what else he could disclose.
Investors don’t care about future projects based on the fact that we never broke $.02.
I don’t see how breaking ground on a 1.3bill project that didn’t put us over $.05 when announced will get us north at this point.
Investors wanted buyback and revenues disclosed. That is why we dropped after last cc. Now we wait for next filing.
The RS is a very valid topic as the ceo said many times and even on the last cc that the buyback is a delicate process.
We have two choices stop posting dd on the board and stop going against bashers.
Or risk a RS. Price needs to be much lower. Who is to say we won’t face one anyway it’s sliced. The ceo changed the dividend from 20/1 to 2000/1.
I have personally been concern about this change since it happen. This tells me we might get a water down version of the buyback and dividend. So long as he does it in some fashion he won’t risk class action from investors.
Say he buys back I don’t know 10bill shares then does dividend. He mention on the last cc dividend needs more value and to have things folded in.
I’m 50/50 at this point we face a RS shortly after dividend and buyback. Given how the ceo has danced around the topic the last few cc.
I’m deleting the post as I have received to many messages that providing dd risks a RS if price goes up and buyback was not enough. I won’t post anything else found.
Ceo already disclosed what he wanted to in the merger PR. Below is what is required.
When we get the filing for June 2021 on financials there will be a detail explanation of what the shares where used for. That is when we get confirmation unless it’s provided in an upcoming cc.
https://www.investopedia.com/ask/answers/08/merger-completion-time.asp
Once an agreement between two companies is reached, and the due diligence finalized, both companies will decide on the final type of sale. The companies will determine if a sale will be made through the purchase of assets or through the purchase of stock. The acquirer will then finalize its financing arrangement for the purchase.
The final details of a merger proposal are specified in corporate communications and distributed to the shareholders of both companies. Announcements and communications of a merger also include details of shareholders’ votes, which typically occurs at either a special meeting or the company’s annual shareholder meeting. Assuming the required votes are obtained from both sides, the merger then moves to the regulatory approval phase.
Ok exit I’m done for now let me share something more important
Some of the information is updated and removed, including the IRS documents that I have screen prints of under the certifications section.
The site keeps updating. I found the site from the outline PR on the link provided
https://www.globenewswire.com/en/news-release/2020/01/24/1975011/0/en/Glink-Apps-International-Acquires-Vietnam-based-Company-to-Start-M-A-and-IPO-Plans.html
The link below is the eco system that Glink falls under as explained in the companies business plan. They are going to use bitcoin as a form of payment for the outline projects. It's more than just art that they are getting involved in. There will be stores and an online retail section. I also found many documents and payment processing methods that will be used when digging into Glink as a company. I have been waiting for the CEO to disclose these details every CC but he has not yet.
I don't want to beat the CEO to it but I'm tired of waiting.
https://glinkarts.com/business-plan-3
Here are the takeaways from the last CC and the last bullet point fits this project.
Takeaway from the CC 7/28/2021
Bad
1. Investors wanted buyback numbers that can't be provided yet
2. Investors wanted revenues on vinafilms but the audit is not done
Good.
1. Buyback blocks will soon be showing on the books.
2. Two weeks from now an international press conference will be held
3. Certificates and paperwork to open PHIL in Germany and Vietnam are under way. This means more investors are coming on board.
4. Vinafilms will show in the financials once the 2021 GAAP audit is completed so this tells me the prior years are also done.
5. Kimberly Diamonds Process Certification is completed to sell rough diamonds on the open market
6. The exchange will have access to 1 billion in ruff diamonds annually
7. International Diamond Bank will facilitate the transactions for the Asia Diamond Exchange. This bank is the largest diamond trader world wide.
8. APR to increase values once dividend is paid will have another items folded in. More details to follow.
9. Two more major items will be disclosed on the next CC that are major initiatives for PHIL. The projects are under development and websites are in the process of getting updated.
It was done on several CC and even the last one he said negotiated transactions for the buyback were under way via blocks. Your attempt to discredit sound DD is showing as everyone knows what is coming.
Nothing was done directly to one investor. We are taking the information provided right from the CC and putting it on the board after looking into it. Again nothing hidden or insider. It's all property disclosed in the PR's and disclosures.
I know and it ties to glink and online eco system and glink and spbv merged together.
The coin went live recently and investors asked Henry if we could have the coin over shares for dividends and he said he would have to talk to the board if that change were to be made.
So if we get that is dividend we have a price point to work with.
In the last month up 21%
You do realize the shares buyback has been underway since November 2020 when the brokers started scooping up all the shares hitting the market for dilution and then some. But that is something you leave out time and time again.
Here is the reports and dilution sheet that was used to track it. And guess what we can verify the shares are reducing under brokers month over month also.
Investors have connected the dots on negotiated transactions and nothing is hidden. WE see the details right from the Finra reports and the disclosed buyback details. Henry himself told us that negotiated transactions were underway all the way back in November. To keep saying that it will cost so much is incorrect and miss leading. The only way to put that to rest is to have the shares retired so here we are again explaining the facts.
https://otctransparency.finra.org/otctransparency/Agreement
From December to now what has the company done in the way of agreements and movement of money. The gap in date clearly shows we have more information to be provided.
PHIL Bitcoin found? Anyone agree?
https://coinpaprika.com/coin/gldx-goldex-token/
CRYTO:
On December 03, 2018, the Company successfully established PHI Luxembourg Development S.A. as the mother holding company in Luxembourg for PHILUX Global Funds and a number of sub-funds under the same umbrella. PHI Luxembourg Development S.A. is in the process of activating four initial sub-funds for investments in green energy, sustainable agriculture, real estate and a diamond exchange in Asia.
AGREEMENT BETWEEN AMERICAN PACIFIC RESOURCES, INC. AND GILDEXSHOP
On February 28, 2018, American Pacific Resources, Inc. (“APRI”), a subsidiary of the Company, signed a Business Cooperation with GildexShop Pte Ltd. (“GLDX”), a company to be established in Singapore. According to the agreement, APRI and GLDX will primarily cooperate with each other to accomplish the following objectives:
1. Capitalization of APRI: GLDX will issue and circulate a certain amount of cryptocurrency tokens using blockchain technology in order to raise capital for APRI to implement its business plan.
2.Using APRI’s assets as guarantee for GLDX ICO’s: APRI agrees to guarantee the value of the GLDX ICO tokens pursuant to the following terms and conditions:
a. In the event the trading prices of GLDX ICO tokens fall below their original purchase prices anytime after GLDX tokens are listed on a reputable cryptocurrency exchange, APRI agrees to guarantee the value of all such GLDX ICO tokens that are purchased by investors by allowing the token holders to exchange the original purchase prices of such ICO tokens for gold from APRI at 50% discount to the Market Price (as defined herein) of gold at the time of exchange. Market Price shall mean the 10-day average closing spot price of gold on the London Metal Exchange (LME) immediately prior to the date of the request for exchange by the ICO token holders.
b. Holders of GLDX ICO tokens may select one of the following options for the receipt of the APRI gold guarantee:
(i). Receipt of physical gold bar(s) from APRI or its affiliate(s).
(ii). Receipt of Ethereum or alternatively acceptable crytocurrencies equivalent to the value of the original ICO purchase prices.
(iii) Receipt of cash through wire transfer to token-holder’s bank account after sale of the guarantee gold position(s).
3. GLDX shall be responsible for providing the required capital for APRI to set up the processing facilities to recover gold and other precious metals from its Gold Assets. The amounts of capital to be provided to APRI by GLDX will be done in tranches and based on a schedule of funding and use of proceeds to be determined and agreed upon by both APRI and GLDX.
4. APRI covenants and warrants that it shall sell refined gold and other products of precious metals from its Gold Assets to GLDX at 50% discount to Market Price as defined above until GLDX has recovered at least twice the amount(s) of its capital investment in APRI or the end of the five-year term of this Agreement, whichever occurs later.
5. Compliance with Various Jurisdictions and the Requirements of the U.S. Securities and Exchange Commission: GLDX shall strictly comply with the requirements of the appropriate jurisdictions with respect to the offerings of its GLDX ICO tokens and shall not offer any of such tokens to U.S. investors unless and until it has met all the requirements of the U.S. Securities and Exchange Commission in connection with the offering and sale of the tokens.
As of the date of this report, APRI has not received any capital contribution from GLDX.
You leave out the fact that Henry clearly disclosed who holds shares in the financials for individual investors that he can work with. You claim insider but fail to know where to look. This shows clear motive for a posted who comes along and tries to miss lead investors with false information.
It has nothing to do with what your stating. Go back and try again and look at the named individuals for deals for SPBV, MYSN, Mines and Vinafilms. Once you have those details you know who the named individuals are and what shares could be negotiated. Nothing is hidden and everything was made public in all the filings listed. There is no insider trading going on as you claim.
Your looking for things like this "total number of 614,851,203 shares that were issued to Luan Ngo on April 21, 2021"
Go back and look again. It has nothing to do with majority share holder filing. Stop putting up false post to scare investors. The unnamed individuals are already part of the filling.
What your saying is we have a gap in time from November 2020 to August 2021 that could be when funding was moved but you leave that out?
This may help. The way I’m reading it is they must be reported by next respective filing for when it was processed.
The disclosure may be made in a Form 10-Q or 10-K, or by means of a press release or Form 8-K, depending upon timing of the approval and commencement of the program. The company also should issue a public announcement disclosing any material modifications to a share repurchase program (and should announce any increase in the size of the program).
Is a company subject to any reporting requirements in connection with its repurchase program?
Yes. Item 703 of Regulation S-K requires that, for all issuer repurchases of equity securities (whether an open market or private transaction), the company must disclose in its next periodic report the following information, in tabular form, for each month of the preceding fiscal quarter:4
the total number of shares purchased;
the average price paid per share;
the number of shares purchased as part of a publicly announced program; and
the maximum number of shares (or approximate dollar value) that may yet be repurchased under the program.
Additionally, for publicly announced programs, the SEC requires disclosure (in footnotes to the table) of the following information:
the date of the announcement;
the share or dollar amount approved by the board of directors;
the expiration date (if any) of the program;
each program that has expired during the last fiscal quarter; and
each program that the issuer has determined to terminate prior to expiration or under which the issuer does not intend to make further purchases.
Companies generally also include disclosure in the liquidity and capital resource section of their “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in their annual and quarterly reports.
https://www.skadden.com/insights/publications/2020/03/share-repurchases
Your ok, there are some things being left off the board for now. I have a data sheet I personally used to keep track of over 90 items of interest.
I only gave out parts of my sheet as Henry has not officially announced them and I didn’t want a repeat of what happen two cc ago when he announced the 1.3bill in projects for the exchange center and we tanked.
Given the last cc was such a mess. We had 13 items of interest that were found and most investors just went right over everything. Major items and some not so much. It’s apparent regardless of what we empty from the dd tank. Investors only want buyback and revenue details at this point.
Check your pm.
I think the miss understanding is that each entity (there are 10 of them) must be gaap audit certified to show on the books. This means getting Phil done was the first
domino that will make the rest fall into place.
He did say on the call it would be consolidated revenues in one reporting once the 2021 is done. That is what they are working on now for vinafilms.
My question would be how many years did they have to back track since the 51% ownership change to get to where we are today? Only Henry knows that answer. Did the auditors want 10 year back, 5 years or just from when Henry became 51% owner.
If you know how to pull the report for the tax payer in Vietnam you will find the revenues for the company listed locally. I’m not concern. In the mean time I’m just watching this all unfold.
Your welcome, have a great weekend.
Yep and the flippers can toss the shares between each other. Round the 5th the finra broker report updates and we will get a better picture of what is going on.
I have seen a few articles referencing them and until regulations change there is nothing retail can do.
Many are the cant beat them join them moto these days.
A race to the bottom and price them out will never happen. They have to much working capital.
Never heard of that and I only pay when I sell even on stocks with a stop up.
If you only knew how to do DD and saw what was found on the last CC this post would have never happen. But have your day as we will ours.
I’m aware but for a post to stand we must be mindful of wording when following ihub rules. Many post get taken down.
Going off what another investor had tracked and there DD has always been sound. We had to close at $0.01 daily. I have not looked into the topic other than providing the requirements and the investors link.
TNW, Henry was clearly upset over the fact that investors were going on about killing Vietnam men in the chat. He cut the call off and investors where also drawing on the screen in the zoom call.
You can say what you want but he was obviously distracted by the nonsenses and taken back. You can see where he sat back in his chair when he saw the messages. Then the call got wrapped up.
Shame on the investors who did that.