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Please review $PHIL's history of SHORT INTEREST below. Reported from FINRA, accurate/credible source to retrieve short interest.
Note the short interest has been dropping big time. Hmmm... wonder why the big drop from Dec to now???
Very positive sign for $PHIL what's to come.
"FINRA Rule 4560 requires FINRA member firms to report their short positions in all over-the-counter (“OTC”) equity securities to FINRA. OTC equity short interest is available for view by issue"
$PHIL SHORT INTEREST
Settlement Date Current Short
1.) 12/31/2020... 3,297,736
2.) 01/15/2021... 2,121,853
3.) 01/29/2021... 366,994
4.) 02/12/2021... 13,296
https://otce.finra.org/otce/equityShortInterest
Mr. Love, and everyone on $PHIL's board.
Please read this very informative article from The Basile Law Firm P.C. pertaining to Toxic Note Holders.
Apologize for it being so long, but this law firms explains how the game is changing in the OTC market regarding the Toxic Lenders manipulations with converting notes.
Maybe, there's someone on the board here that can forward info on to our CEO Henry for his awareness and knowledge.
Please share pertinent info with all boards, platforms, and pass info on to all your trader/investor friends. This will be a game-changer in the OTC.
Link is down below to pass it forward. GLTA in $PHIL!
OTC Markets Death Spiral Funders Days are Numbered
Updated: Jan 31, 2021
For the last several years, toxic convertible note funders have had their way with small, under-funded OTC Markets publicly trading companies and we have been warning the markets about the absolute devastation these transactions impose on an issuers stock, both killing market cap and shareholder value. Our firm has been fighting with these lenders in various courts around the country on behalf of OTC Markets issuers on a variety of grounds.
There is now a three-pronged attack against this industry that may signal that the time of the convertible toxic note may be numbered.
The crux of a convertible toxic note is the ability of the lender to repay itself, without any interference by the issuer, with the issuers stock. The “conversion” feature simply means that principle and interest charged on the note is repaid with company stock at a fixed discount to the stocks trading market price, not a fixed price per share. This is important because after 180 days, securities law (known as Rule 144), allows the lender to start converting its debt into stock. For some of you that have experienced the pain when lenders start converting, if your document’s call for a fixed 35% discount to market on conversions, that means the issuer is repaying the loan at a 54% gain to the lender, on every conversion. So, no matter where the issuers price is trading, that discount is applied to every conversion. The contracted for 4.99% “blocker”, meaning the lender and issuer cannot issue or convert debt into shares on any conversion wherein the lender would own more than 4.99% of the stock because then, the lender would have to report its purchase of the stock to the SEC. The purpose of the “blocker” is so they don’t have to notify or account to the SEC or other oversight body, such as FINRA.
Currently, there are 3 key events that every public company CEO, shareholder and Board member of any OTC Markets issuers should be following;
Usury Law Lawsuit in New York
The application of states usury laws to the convertible note. After having several frustrating decisions go against some of our clients at the lower federal court level, the Second Circuit Court of Appeals in New York agreed with our position that such transactions may be subject to criminal usury laws (New York) and certified questions of law to New York’s highest court, to specifically determine the issue of whether the fixed discount percentage that guarantees that 54% return, is actually interest. The New York Court of Appeals will decide what its’ state criminal usury statute means and how its applied to the convertible note discount. If the court agrees with us, the transaction is void under New York law. This will be a landmark decision that can be applied in all states that have criminal usury statutes. This itself may cause thousands of convertible notes to be void because under New York law, the transaction is void ab initio (as it never happened) and the lender loses its money and be subject to other actions including going back and suing to vacate judgments and to recover payments and/or overpayments (or value of stock) transferred in the past.
Dealer Registration Lawsuits
Recently, the SEC has commenced enforcement actions against some of the more well-known known toxic convertible note lenders including John Fife and his companies Chicago Venture Partners, LP, Iliad Research and Trading, LP, St. George Investments LLC, Tonaquint, Inc. and Typonex Investment, LLC (SEC Litigation Release), John Fierro and his company JDF Capital, Inc. (SEC Litigation Release ), Justin Keener and his company JMJ Financial (SEC Litigation Release ), and Ed Liceaga and his company River North Equity LLC, (SEC Litigation Release). The SEC also commenced an enforcement action against Ibraham Amalgarby and his company Microcap Equity Group, LLC (SEC Litigation Release). These enforcement actions mostly center around the failure to register as a “dealer” under the Securities and Exchange Act of 1934. Under 15 U.S.C §78o, anyone who engages in the business of buying and selling securities for their own account, must register as a Dealer under the Act. The penalty for not doing so is that the rights created by the transaction, as to the violator, are void (15 U.S.C. §78cc of Section 29b). This means that the violator may not be able to commence action(s) to collect on the transaction. It also means that as to the innocent party, usually issuers, the transaction is “voidable” at the victim’s option. The Supreme Court has recognized a private right of action for rescission in these cases. The law in this area is still developing, but if recent court decisions are an indicator, there may be a world of hurt coming to toxic convertible note lenders. In the above-mentioned actions, each lender moved to dismiss their cases on the grounds that the SEC did not plead its case and that they didn’t have to register as dealers under the ACT, only to be slapped down by federal courts. Liceaga (Decision ), Keener (Decision) and Fierro (Decision) all lost their motions to dismiss the cases against them. Fife, who is represented by a large and fairly prestigious law firm, Gibson Dunn, has filed its motion to dismiss in his case, and we will see where that goes in a month or two. However, in the Almagarby matter, a federal court actually granted to the SEC summary judgment finding that buying and selling convertible notes without registration violates the act and granted summary judgment to the SEC (Decision). The Almagarby decision sets a low bar as to the conduct and mechanics of these lenders that buy convertible notes, then resell the resulting stock they receive from conversions into the market.
SEC Proposed changes to Rule 144 as Specifically Applied to Convertible Notes
More recently, The SEC has proposed rule changes to the “tacking” provisions of Rule 144 and has made the administrative decision that such tacking should not apply to convertible notes. (See SEC Bulletin Announcing Rule Change). If this rule change is adopted, it basically ends the variable rate convertible note industry and hundreds of thousands of shareholders in OTC Markets companies should be very happy. What the proposed rule does is effectively prevent the convertible note holder from utilizing tack back provisions of Rule 144 to the date of the initial loan when it seeks to repay itself with stock. This rule has its genesis in two areas. The argument we have been making is that these loans are not true investments until the lender makes the decision to use its principal and interest to acquire the stock. Typically, the convertible note lender waits until day 181 after the loan is made to submit a compulsory conversion notice (that includes the discounts discussed above) to the issuers transfer agent, that issues free trading shares because the stock they receive is exempt under Rule 144 and the tack back provision allows the transfer agent to issue unrestricted securities. This is where the death spiral was born because the lender could put in serial conversion notices and immediately sell the stock after each conversion, thereby never exceeding the 4.99% blocker. This usually results in walking down the stock price, hurting the company's market cap and shareholder value. The tack back provision is key to effectuating the death spiral. The second feature is that even when the note-holder converts and receives stock, rarely, if ever, do those note-holders hold the stock and take any risk. They usually immediately sell the stock, reaping the gains from the discount as discussed earlier in this article and such practices being highlighted by the federal courts in some of the recent federal court decisions denying dismissal of the SEC case(s). There is no such thing as a “riskless investment”, but that’s what these note-holders have created for themselves.
The proposed rule changes align with the position that these are not securities in the sense that they aren’t pre-buying common stock through the future conversion feature (but the Securities Act does make a convertible note a security by definition – 15 U.S. Code §77b), but rather, issuing loans and only when the note-holder converts its note to stock, does the tacking of rule 144 begin. This does away with almost all the games, possible market manipulation and short selling since after each conversion, the note-holder (now shareholder) must wait another 6 months before it can sell and bear the risks of any other typical investor. They still get the stock at a discount, but they will be forced to play by the rules that apply to everyone else and hold the stock as an actual investment that will be subject to that stocks market fluctuations.
Our next article will deal directly with the absurd arguments made in the Fife motion to dismiss which is something you will probably want to look at. However, with respect to our friends at the SEC Division of Enforcement, we will wait until the SEC files its opposition before we comment on that particular motion, which is scheduled to be filed by the end of this month.
I also recommend quickly reviewing research provided by Utopia Capital Research, a community of short-sellers and veteran traders that provide analysis on a myriad of issues including toxic convertible notes. The Utopia research report provides a very small sampling on the harm caused to issuers and their stockholders. You can review their report here.
If you are the CEO of a public company and have taken convertible floor-less toxic debt, issued warrants, or entered into an equity line of credit and you want to know more about your rights in connection with these new developments, feel free to reach out to me at mark@thebasilelawfirm.com
https://www.thebasilelawfirm.com/post/otc-markets-death-spiral-funders-days-are-numbered
Yes Sir!
That's Dollar Volume, very important metric to gauge where $PHIL is heading. That's another hidden clue I'm watching. $PHIL hit over 3 mil two days in a row and over 1 mil one day!
These are all great positive signs for $PHIL!
Next week, expecting Dollar Volume to be higher, more traders coming!
$PHIL
Agreed gemmerling!
Appreciate your input on the subject!
GLTU
Thank you gemmerling for that positive info!
Reading in the 8-Ks of FEB 2018, $PHIL has issued shares out to lenders Crown Bridge Partners and Power Up Lending Group.
Don't know about 2019/2020, assume they've been getting financing from other lenders as well.
Agreed!
As the CEO of a public company, we would think someone in a top executive position would know these SEC regulations.
Security law firms have actually been taking these 3rd tier Lenders/firms to Federal court and winning their cases base on not being registered.
Also, these convertible notes are initially debt notes, not investments or shares in the company, the Federal judges are understanding this, and ruling in favor for the companies/shareholders. The SEC is finally coming onboard to enforce these regulations on these toxic lenders.
They don't have the true interest of the company or shareholders at all.
Read last night on Twitter, a poster emailed Henry on this same issue to see if he's aware of the new SEC regulations and to take action if lenders are not registered.
Good afternoon shawnb!
In regards to your post... "PHIL your thought's on PPS target/projection? TIA"
Man, you had to ask that question, huh?! You should be asking Facts that question, not me! (JK)
Personally, don't like to give out numbers only because ppl will misconstrue my words.
Who really knows the correct Price Target, right?!
It's going to boil down to More Increased DEMAND that will be coming into $PHIL, and will keep building and building from all these Catalysts that are coming out this year.
From all the DD/info that I've read and still finding on $PHIL... $PHIL will be going up way more than .0033!
Picture this, once $PHIL starts uploading the SEC filings, CCs, PRs/8-Ks (material events occurring during the year,) update OTC Current Status, Share Buy Back Program completed and restructured share structure, one or two uplistings to a major Exchange, share dividend payment this Jun/Jul, all the business deals/agreements (LUX FUNDS/Asian Diamond Exchange, ect.) that's in the pipeline are executed, and other deals/projects in the future... this will continue to step up $PHIL's SP higher throughout the year and the future!
No offence to anyone, but let me make myself very clear to you and all on this board, understand these are my conservative, reasonable, and educated (GUESS/OPINION only,) without the HYPE/PUMP of $PHIL.
IF, ALL the material events I listed above come through, $PHIL can reach up to a $1 by year end, lots more in 2022. AGAIN... (AIMHO)
Please don't misconstrue, twist my words, or whine to me if $PHIL doesn't by year end.
Hope this gives you a little clue of the huge POTENTIAL in $PHIL.
GLTU in $PHIL
BINGO!!! Agreed!
That's exactly what my post was pointing toward. You experienced and saw how it works with that other ticker. That's going to happen here in due time.
Once, CEO Henry starts executing on all these major deals/agreements in Vietnam/Laos/Luxembourg/US... and able to release PRs/8Ks on this, look out folks. Especially, when Toxic Noteholders are done converting, SP is going to catapult with the combination of these Catalysts.
This will increase more huge Volume with no dilution to hold it down. The MMs will open the faucet and $PHIL will be gushing up.
$PHIL is going to be a beauty.
GLTU
Explained earlier in a post today how these Lenders are Toxic and scumbags... that's what they do to CEOs.
They play hardball with CEOs and rake them over once they signed those Convertible notes. Lenders are very scrupulous and greedy scum.
When these converted shares are all done, we'll see the trading activity on Level 2 clean up, trade much smoother, pushing $PHIL much higher.
Traders don't understand how significant this is going to be... this is another huge Catalyst for $PHIL to RISE higher.
We have so many Catalysts coming folks, it's unreal... meditate on that this wend!
$PHIL
In regards to $PHIL's huge block trades showing up after market closes on Times & Sales every day, some traders get it and some don't. Maybe this excerpt will help those that don't understand "T" trades, get it.
There's nothing to worry about when you see those T trades after hours.
$PHIL will RISE higher!
"Once again, it is confirmed by the SEC that ”after hours” trades do not exist in the Pinks.
FINRA was much less transparent in their response and essentially spewed the same limited information regarding T Trades that is available on their website. None of which, accurately reflects why these trades occur in the OTC Markets. (www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p123750.pdf)
Trying to decipher the meaning of these trades with the limited information that is available on the subject led down several dark paths. Clearly, the average investor is not meant to understand the concept or its rules. Even more disconcerting is the second part of the SEC message “Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” That means there is even less transparency about this mysterious T Trade.
After months of due diligence, there are a few poorly publicized uses for a T Trade. The most important factor here is that the only requirement of market makers by FINRA is that they must report all trades in a day. They are not required to do so when the actual trade occurs.
To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor.
If a market maker wants to accumulate a large amount of a stock in one trading day, that market maker may actually not report any of the trades that occurred until the trading day has ended so as not to alert the market to the collection. This practice is completely legal under the FINRA rules of the OTC Markets so long as the trade is reported at the end of the day.
To execute a Market on Close order, a market maker may have an order to purchase the stock at a certain price at the end of the trading day. This is the most unlikely scenario because it needs to be assured that someone selling the stock and someone buying that stock are agreeing upon a price. Simply put, this is more likely with insider buying and selling.
The T Trade that the public sees is nothing more than one or all of the above scenarios. The T Trade reported at the end of the day can be from one market maker or many involved market makers. It can be a single purchase price but is usually an average of all of the previously unreported purchases from that business day."
Don't think you comprehended my post very well.
Never stated it's not a LEGIT company.
Wouldn't be invested in $PHIL if I didn't believe in Henry's Leadership and executing the business plan.
CEO Henry is not our problem, it's the Toxic Note Holders, low class/shady 3rd Tier Lenders/firms.
No offense, better go search $PHIL's previous SEC FILINGS (8Ks) and do some real DD, then come back and post what you learned. It's all there.
Look for "Unregistered Sales of Equity Securities."
GLTU
I can see where you think that since we are in the wild west OTC. LOL
From researching in $PHIL's SEC filings, there are some toxic Note Holders that have converted their notes to shares, looks to me they are the ones dumping. They have been for several weeks now, mainly CFGN, then PAUL next, and a little from CDEL.
It's documented all over the web they are the toxic diluters. CDEL not as much.
Research it, you'll see for yourself.
Let's all be honest and call it for what it is. $PHIL will overcome these note holders and rise higher. They always do. Hopefully, there's not much left to go.
GLTA $PHIL
MM CFGN holding $PHIL down. Would've gone higher there at the end, but CFGN keeping us down.
Now, those Dumbass MMs are messing with us... playing games and shaking the tree, stealing shares.
Watch CFGN on both sides and learn.
That was a good buying point if you were watching and waiting.
Have to say go GOOGLE CFGN and PAUL "Diluters," and see what you pull up.
They are notorious diluters, facts! Wish I was wrong, but it's the truth.
Research it, good learning.
GLTU
OK, now that was dilution from CFGN. but someone is buying up all those shares he's diluting.
No worries, $PHIL is going to kick some butt next week and all the way through the year!
Oh yeah, now we start heading up up the ladder! BIDS are rebuilding.
Let's go $PHIL
Check out $PHIL's beautiful one day chart. We're above the 9 EMA and 50 EMA!
$PHIL looking great!
Hey brinfin, thanks for your pm.
The post was referring to OTCX, the Market Maker on Level 2. He was sitting at .0092 for a while earlier this morning, before he moved up. Just making the comment, that's eventually where we're heading, it's just a matter of time.
Now we're building a new base, new support line. Just ebbing and flowing through the 4's.
Sorry if I confused anyone.
$PHIL
Gents, if your watching Level 2 checkout where OTCX is sitting right now.
That's a very good clue to where $PHIL is heading soon. Just a matter of time.
$PHIL
Hello Brother in Arms... Welcome Aboard to the $PHIL board.
Thank you for your Service, brother.
Great that you came onboard in time to see $PHIL RISE!
There's so many good guys/traders here that have done incredible DD/research on $PHIL. Tons of FACTUAL info, not bs or hype. We have done our homework and know where $PHIL is going and understand their business objectives/plan.
GLTU Sir!
$PHIL
Great job dejong!
More $$$$$$ for you!
Exactly Brother!!
This should be our new Support Level.
$PHIL going up from here.
By the way, great job your doing over there on ST! Notice you have a few haters trying to discredit your DD. You hang in there bro, your doing an outstanding job trying to educate/inform all those clueless traders on $PHIL. Can't believe how many are so impatient and don't know how to wait on a great $$$$$$$ coming to us all.
$PHIL will RISE!
While $PHIL is churning here, check out and review this very informative FINRA link regarding Short Interest. FINRA has regulations/rules for all securities to abide by, and this is one of those regulations for OTC stocks that has Short Interest.
Here's the true numbers on Short Interest put out twice/month by FINRA. FINRA requires all registered OTC Broker-dealers/firms to submit all Short Interest on OTC stocks to them every two weeks, FINRA updates those numbers on this link.
Link below... just plug in any OTC Ticker in the Ticker cell, if there is Shorting Interest on the ticker it'll come up.
Please note, this is not SHORT VOLUME data. This is real SHORT INTEREST trading on OTC stocks.
$PHIL's SHORT INTEREST current numbers...
02/12/2021
Current Short 13,296
Previous Short 366,994
Chg -353,698 (Notice the big drop, Very Positive clue)
% Change from Previous -96.38
Avg Daily Volume
1,533,693,559
https://otce.finra.org/otce/equityShortInterest
It's going to be all good soon. Notice, the BID is not retreating, it's holding at .0023 with all that Selling Pressure on the ASK. That's a positive cue!
We are Churning in this small range .0022 - .0024.
Don't foresee $PHIL going below .0022.
Hang Strong Brother!
$PHIL
Ageed Stonem with your post.
Yes, $PHIL has been DILUTING. FYI... there are some TOXI Note Holders that have converted their notes and selling off their shares.
How do I know for sure? Cause I read it in the 8-Ks. All there in the 8-Ks in 2018/2019.
Also, when I'm glued to watching L2 and Time & Sales... mainly CFGN, PAUL, and sometimes CDEL dump Millions of shares, and their ASK SIZE is still the same size, not decreasing or moving off the ASK, and the same time seeing all these executed transactions in T & S, then I have to call that DILUTION!
Oh yeah... for more confirmation on this subject, GOOGLE... CFGN or PAUL toxic diluters. You will find many articles and IHUB Posters addressing this issue. These MMs are identified as Diluters across IHUB traders.
No worries, it'll be over soon. $PHIL will rise even more soon!
OK, FYI... Here's PAUL on the ASK. He is also another Diluter. Take note!
Notice his ASK size hasn't even changed since he's filled millions already.
Very good point KYCats!
Let's all get on the BULLHORN this morning, encourage anyone and everyone to BUY on the DIPS today. Don't let Clay or a MM scare you out of your shares. You should all know what you own in $PHIL and HOLD steady!
Please Watch out for any possible "Stop Loss Raid" today. MMs will steal weak hands shares by hitting all those "Stop Loss Orders!"
When we all work together for one cause, one purpose, we can achieve so much more.
$PHIL
Very Awesome Post Djk0689!
Let him have the FACTS from the CEO.
Have a good day!
Good morning stockrockin!
Thank you Sir.
Let's have a great day in $PHIL!
GLTU
Agreed Djk0689, for certain all those block of trades were traded DURING the Market hours in tranches.
Confirmed this issue with the TDA Senior Trader Specialist yesterday evening.
After seeing those huge blocks yesterday evening. The Senior Trader Specialist stated they were traded in tranches during the day so not to PANIC Retail and drop the SP down or up.
Hope this helps.
Hello Djk0689!
Regarding your post, Short Volume has nothing to do with Shorting the SP down and Shorts covering. Short Volume is only MMs transactions during the trading day. Please read the following, should help ppl understand the difference between Short Volume vs Short Interest. Many traders get the two mixed up, they are not the same.
Hope this helps traders here!
Short "Volume" vs. "Interest"...Or.."Why Short Volume's Meaningless "
Short "Sales/Interest": The number of shares borrowed and sold "short", with the hope of buying back at a lower price. Not yet covered, ie, "Open" "interest" or "positions". FINRA reports this twice per month here: otce.finra.org/ESI (OTC)
Would be nice if it were more frequent, but that's all we get.
Reposted here, but sometimes inaccurate or lags updating most recent report.
https://www.otcmarkets.com/stock/OPTI/short-sales
This is what's commonly referred to when discussing "shorts"
Short "Sales/Interest" Example: Investor 'A' borrows 1,000,000 shares, sells them, then hopes the stock goes down. If it does, Investor 'A' buys back the shares at a lower price, returns them to the lender, and keeps the price difference (minus fees & interest). FINRA reports the # of "open" shorts, those not yet bought back & returned.
If the stock goes up, the investor will lose, and the broker may force them to cover, possibly at a huge loss.
Daily Short "Volume" (regsho): Intraday volume Market Makers transactions when they temporarily short a stock for a couple of seconds or a minute to fill an order in a timely manner, then cover a couple minutes later (otcshortreport lies and calls this naked shorts). Meaningless number because it's just the first leg of a transaction reported of filling orders. Completely unrelated to short interest. This number can often be quite high for thinly traded stocks, thus more likely to get hyped as shorts, even though it's not.
Psssst. That's part of MM's job..."Making a market". Ensuring liquidity and timely processing.
Short "Volume" Example: 1,000,000 buy order comes in. MM doesn't have 1,000,000 handy to fill the order, so quickly shorts 1,000,000, fills the order for the customer rather than keep them waiting. Then after taking a sip of coffee, covers the temporary short.
Now, lets say that happens 10 times today, for a total of 10,000,000 shares, short "Volume" is 10,000,000, but at EOD, it doesn't result in any short "positions" or "interest" because they were all covered right away.
The next day, someone sees the 10,000,000 short "volume" and talks about 10 MILLION SHORTS YESTERDAY .....
Short "Volume"s MEANINGLESS... Who cares what hoops MMs had to jump through to fill orders during the day ?
"Click-Bait" sites like otcshortreport intentionally misrepresent regsho "volume" as "naked shorts", to attract attention, generating advertising "clicks" for themselves.
Using "Volume" (regsho) numbers is like going to the bank,
Depositing $100,
Withdrawing $100,
Depositing $100,
Withdrawing $100.....
Repeating 10 times, then saying "I deposited $1000 in the bank today", when the account is actually $0 because deposits and withdraws cancel out.
Credit to HOMEBREW
NO SIR... $PHIL SP did not fall after hours.
Please don't make comments like that on the board if you don't know what your talking about. You will cause all kinds of confusion with traders here that don't understand that issue.
Those trades were executed during market activity this morning when SP hit .0019, 159 mil shares traded at that time. MMs are not required to show all executed transactions in the Time & Sales during market hours. They can wait till market close to attempt to slide under the radar from Retail.
You can GOOGLE "T" trades or just read this.
https://chedstrading.blogspot.com/2015/11/t-trades-cross-trades-and-iceburg-orders.html
Stonem, no offense, Please read this article on "T" trades and get some understanding on it.
https://chedstrading.blogspot.com/2015/11/t-trades-cross-trades-and-iceburg-orders.html
GLTU!
$PHIL
LOL... Here's some more good INFO and Facts for anyone that doesn't understand these kind of trades... "T" Trades, "Cross" Trades.
Very solid and worthy information to know!
https://chedstrading.blogspot.com/2015/11/t-trades-cross-trades-and-iceburg-orders.html
This article confirms Vietnam's GDP growth is increasing and among the highest in the world!
https://e.vnexpress.net/news/business/economy/vietnam-gdp-growth-to-be-among-world-s-highest-in-2020-imf-4194065.html
$PHIL
WATCH how many shares CFGN dumps on the ASK now. They are a Diluter MM.
Agreed... it appears MMs will be trading between 25 - 28 today.
25 is our Support level, I hope! Lot better than the last four days.
Let's Go $PHIL!!!
Morning TommyWhiteRanger!
To your Post... Because now everything for $PHIL is falling into place with all the business projects, initiatives, dealings, ect. I'm seeing more company progress and deals being completed. He's getting closer and closer toward their business goals.
When you read all the Public Releases He's put out, SEC filings; it's all showing it's finally coming together. You have to understand, when a company is trying to make deals in countries all over the world, there is so much LEGAL, bs, red tape they got to go through. All that takes a long time to get through. Everything has to be documented, lawyered up, and legal for local, state, and country's per regulations/guidelines.
Again, ppl are not getting how much $PHIL's CEO has to go through with all these different countries he's making deals with. It takes so much time. It's really not him, He's having to wait on other entities, govt agencies, companies, auditors, consultant firms to do what they need to do (paperwork, waiting on approvals) to move forward. These are HUGE contracts, agreements between real countries, with their govts., and powerful international private investors with $$$$$$ money.
This is just tid bit what I know, there's so much more that we don't know behind the curtain. Hope this helps to paint a picture for you.
GLTU!
This is getting good Folks... Lets GO $PHIL!