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Same. Bought at 18 last week and sold at 21; bought again at 19 and sold at 21, and now bought at 19 again today. Increasing my number of shares each time.
I agree with what you said. The most important thing to happen for PHIL to move higher is to get current and the buyback to begin. At 14.4 billions shares, this will move slowly. Cut that to 4 billion shares (and hopefully he'll cut it down to under 1 billion) and PHIL can fly very quickly. There will still be plenty of volume and liquidity, but share price will move much quicker.
On the 9/30 conference call, Henry said that the audited financials will be released in October. Meaning on October 31 we will see a tweet saying that financials will be released in November.
Here’s my prediction that on 6/29/2020 there will be another form 8-K filed stating the dividend date is pushed to 12/31/2020.
Also there will be a form in March extending the buyback period another 9-12 months or so.
It’s written almost completely in present tense. We have no idea if the activation is being pushed off or the press conference. The tweet is intentionally vague. Classic PHIL
Their only similarity is that they reduce the number of shares on the market, and thereby drive up the share price because the company should have the same market cap, but now divided by the new lower number of outstanding shares, so each share has a higher value.
The BIG difference between a RS and a buyback is that in a RS the number of shares each stockholder owns is reduced by the divisor. So if you have 100 shares, and there's a 1:2 reverse split, you'll now have 50 shares, and each share will be double the price it was a day prior, but the $$ amount total is the same. A 1:10 will mean you'll have 10 shares, and each share is worth 10x as much as the day before, but again, the $$ amount is the same.
With a buyback, you have the same amount of shares as you originally owned. The company is buying shares from the open market and retiring those shares. So the share price goes up, and now your $$ increases too. So a RS is pretty terrible, and a buyback is pretty awesome.
Because even though it's only $0.0001 per share to buy the 2s, it's still double the 1s. So they can only buy half the amount of shares they want. If someone has a bid for 5 million shares for $500, he doesn't want to only get 2.5 million shares.
The “dividend” has been pushed off 19 months from when it was initially promised. Expect it to be pushed off another 19. If somehow it happens before then, it’ll be a pleasant surprise. Don’t hold your breath
Who sold 5 shares?
Who is buying all those 8,000 and 9,000 share blocks?
With the O/S at 11.7 billion as of 8/30, it is 12.1 billion today, because of the 400 million diluted into the market the past two days. At this rate, we will be at 13-14 billion before Sept. 30. My prediction - on September 30, there will be a form 8k saying that the APR dividend has been moved to March 31, 2020, and that the dividend will now be 1 APR share for every 200 PHIL shares. And he will confirm no reverse split. He may start buying back at that point. But the ask won't hit 0.0003 until November at the earliest, and only if we get below 9 billion O/S. It could move quickly then. 0.0004 when we get below 7 billion.
I would love to have your optimism, but looking at the trades, the volume, and the new OS, it is clear that dilution is still occurring. Those 100 million share trades every morning are dilution. Take a look at the trades. Today it was 40 mil + 10 mil + 50 mil at 0.0001.
Also the OS is now 11.259 billion shares. Up from 10.5 billion early last week.
https://www.otcmarkets.com/stock/PHIL/security.
He has not started the buyback.
Copper means at least a penny
What’s the story with the Q? Isn’t it due today?
It’s been low volume today, but that means people are not selling into the bid. This will force the bid to hit the ask at 2, and when the 2s are gone, we’ll see 3s by tomorrow
I agree. He'll file the late-filing Q today or tomorrow, and we should have the actual report in the next 10 days.
Sucks. Complete fluff. There is no record. I want to see phrases like “we have successfully assisted companies with funding .... and restructuring that have helped companies GENERATE __x__ millions of dollars in new revenue and profits.” There are no real numbers. No success stories. All BS fluff
None of the last runs had this kind of volume simply because the OS was MUCH MUCH less last time. Now, ENDV needs a ton more volume each just to move it a little bit. Dilution has prevented any big run, and unless they do a RS, this won’t have huge runs.
Has the buyback started? OTC markets has the outstanding shares as 9.5 billion on 6/7/19 and this website (barcharts) has the shares as 8.85 billion as of today
As the last 8-k said in part B of the buyback announcement "Total number of repurchasable shares: 5.3 billion shares, or more as may be needed."
Well, they haven't bought back a single share yet, and we're already at the "as needed." In order to make any impact at all on the share price, PHIL needs at least an 8.3 billion share buyback. Which is why I'm certain the next news we will be hearing is about a reverse split. Henry was adamant that there are no plans for a reverse split. Using the rule "Henry lies about everything" you can be certain a reverse split is coming.
Cordova, on this board you have about the same credibility as Henry - zero. For years you've been saying things like "dollars coming soon" and "breathe easy" and "this is about to pop" and not a single one of your predictions came true. Not one.
Every day. The form for the day can have multiple transactions
The volume may be due to buyback, or some new investors. Who knows. What I do know is that if it is insider trading, like a buyback, a form needs to be filed within 2 business days stating how many shares, and at what price they were bought at. So if a buyback happened, we should see those forms soon.
Today is trading day #11 of the buyback period. Waiting to see those form 4s showing hundreds of millions of shares being bought back and retired.
To actually make a difference in this stock price, the buyback should be for 6.5 billion shares, not 5.3 billion. No reason this company needs more than 100 million shares outstanding.
To actually make a difference in this stock price, the buyback should be for 6.5 billion shares, not 5.3 billion. No reason this company needs more than 100 million shares outstanding.
SunMed is a solid company. Their breast pumps are extremely popular. Many hospitals, including hospitals ranked in the Top 10 in US News and World Report, use SunMed brand breast pumps, like Medela, for new mothers, and those new moms buy or rent Medela pumps to have at home. They’re legit.
The best thing that can happen for this company is actually Trump’s summit in Vietnam right now, In which he is pointing out the awesome progress that Vietnam has made and their potential for real economic growth in the future as well
Prediction- PHIL is going to run 300% this week- can make it all the way to .0014
The key with the upcoming report is revenue. Whether it’s revenue from consulting, or revenue from the new businesses PHIL now owns a majority stake of. Last wuarter’s report showed $0 revenue, and PHIL tanked. If this upcoming report shows revenue, this thing will skyrocket. Only Henry can mess this up.
Nice day today! Let’s keep this momentum for tomorrow! Goal before end of week is to at least be .001 or higher so that we can get out off the pink sheets and back to OTCQB. PHIL has real potential
I hope it doesn't happen, but I wouldn't guarantee it never happening in a public forum. All I'm saying is that it is well within the realm of possibility that a reverse split along the lines of 1:4,000 or 1:5,000 or even 1:6,000 shares can happen sometime soon. I'm cautiously optimistic about the upcoming quarterly report, and I really hope to see revenue from the deals PHIL has done so far, especially the Vinafilms deal. Supposedly they had $765,000 in EBITDA in 2017, and we were told it is on track to increase.
What I know for sure is that PHIL has taken on loads of debt.
From the last 10-q alone there's been more than half a million dollars taken on in debt (see below). I really hope PHIL can show a positive cash flow and the ability to pay these debts off in cash and not in stock. If that's the case, I have confidence PHIL will take off and will be cruising along to break 52 week highs. If we have net negative cash flow, a reverse split might be inevitable.
On July 10, 2018, the Company issued a new convertible promissory note to Power Up Lending Group for $73,000, with an interest rate of 8%, convertible to Common Stock of the Company at 42% discount to the average of the two lowest trading prices or closing bids during the ten trading days immediately prior to the date of conversion and a prepayment premium of 150%. The maturity date of this note is April 30, 2019.
On July 17, 2018, the Company issued a new convertible promissory note to Auctus Fund LLC for $75,000, with an interest rate of 12% and convertible to Common Stock of the Company at 50% discount to the average of the two lowest trading prices during the twenty five trading days immediately prior to the date of conversion. The maturity date of this note is July 17, 2019.
On July 23, 2018, the Company issued a new convertible promissory note to One44 Capital LLC for $90,000, with an interest rate of 10% and convertible to Common Stock of the Company at 45% discount to the average of the two lowest trading prices during the twenty trading days immediately prior to the date of conversion. The maturity date of this note is July 23, 2019.
On August 06, 2018, the Company issued a new convertible promissory note to Power Up Lending Group for $38,000, with an interest rate of 8%, convertible to Common Stock of the Company at 42% discount to the average of the two lowest trading prices or closing bids during the ten trading days immediately prior to the date of conversion and a prepayment premium of 150%. The maturity date of this note is May 15, 2019.
On August 30, 2018, the Company issued a new convertible promissory note to Power Up Lending Group for $73,000, with an interest rate of 8%, convertible to Common Stock of the Company at 42% discount to the average of the two lowest trading prices or closing bids during the ten trading days immediately prior to the date of conversion and a prepayment premium of 150%. The maturity date of this note is June 15, 2019.
On September 25, 2018, the Company issued a new convertible promissory note to Power Up Lending Group for $38,000, with an interest rate of 8%, convertible to Common Stock of the Company at 42% discount to the average of the two lowest trading prices or closing bids during the ten trading days immediately prior to the date of conversion and a prepayment premium of 150%. The maturity date of this note is July 15, 2019.
On September 26, 2018, the Company issued a new convertible promissory note to JSJ Investments, Inc. for $144,750, with an interest rate of 10% and convertible to Common Stock of the Company at 50% discount to the average of the two lowest trading prices during twenty trading days immediately prior to the date of conversion and a prepayment premium of 150%. The maturity date of this note is 9/26/2019.
In fact there was a reverse split Henry did back on March 15 2012. It was a 1:1500 reverse split when the stock was trading at 0.0012. Brought the stock up to $1.80. There was a quick jump to $5 for one hot minute in April 2012, and then the stock sank again. We are at 1/3 the value it was with that split. I wouldn’t be surprised if we see talk about a 1:4500 or 1:6000 reverse split. And it’ll happen right before the supposed date of record for the APR dividend, but the rate will still be 1:20. So I’m hoping it doesn’t happen, but fully expect that if the dividend ever does occur (wishful thinking) you can expect 1 share for every 120,000 or so shares you currently own.
We'll probably get quarterly report around Feb 14th or so, if last quarter's report date is any indicator (Or closer to March 1 if they file for extension, as has happened in the past). Who's betting that there will be a new date announced for the special APR dividend (June 1 as date of record and September 30 as payment date is my guess)? Because I remember when May 31 2018 was the date of record (pushed the stock up to 0.07 on 5/23/18) and then the announcement was made that date of record was being pushed to June 30. And the dividend was supposed to be 1:5. And then on October 31 we were told the dividend date is being pushed off to March 29. And then in November we were told the dividend would be 1:20 instead of 1:5. And in the meantime we went from 0.07 to 0.0004. If we get back to 0.07 (without a reverse split) I'll send Cordova flowers.
I read the 8-k and this is the most intriguing line
WHEREAS , it deems to be in the best interests of the Company and its shareholders to amend the Record Date and the dividend ratio to allow for a broader participation of the Company’s shareholders in the special dividend distribution.
To any sane mind, the interest of the shareholders is for those shareholders of record on June 30, 2018 (who all got screwed when he pushed the date from May 31 to June 30 because the stock tanked from 0.08 to 0.01 in one week) is to get the promised 1:5 dividend.
I have to assume that if Fahman has any semblance of morality, and is not the POS he has proven himself to be, he means that there is another date of record for people who want the 1:20 dividend, in which anyone who was holding on June 30 gets 1:5 and anyone holding this coming March will get 1:20.
Unless I'm wrong about the date of record thing. Either way, PHIL is a real POS stock
Lol. Cordova has been promising is 5.00 end of year for months and months. I’m just saying I’m very happy I haven’t bought more since I first entered at 0.06. And I still won’t buy more. But looks more likely we’ll end the year at 0.005 rather than 5.00
Still waiting to see that 5.00/share by year end.
If I were on a jury I would very easily believe management has been malicious, has managed this company with intent to defraud and harm their investors.
Broke 5!
Right. But I never understood the term. Educating myself now