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I can make no sense of that. The data I have (from OTCMarkets) shows a total of 1872 shares traded between the great reverse of last year and 11/30/2012 at a price a shade above $1.00. How 81737 shares could possibly be valued at $2.69 at that time is beyond me, nor can I understand why anyone would accept that valuation. Now of course I know how the kool-aid drinkers would answer this: those guys obviously know something important, but, heh heh heh, I just don't think so.
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Paid promotional nonsense:
Please, everyone, I implore you to get your shares as a physical certificate! Then, get a cheap frame from Target (no sense wasting any more money) and frame it for your office. Now, each time someone new comes in and asks about it, you can tell the story of how you were fleeced. Not only will this be entertaining for your guest, but you will (hopefully) remember this the next time you think about buying penny stocks. It's the gift that keeps on giving!
I have actually done this myself. My cert is signed by the CEO before he went to jail, and also by a co-conspirator who somehow avoided the big house. Before its suspension, I was unaware that could happen. Not any more! LOL!
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Please, everyone, I implore you to get your shares as a physical certificate! Then, get a cheap frame from Target (no sense wasting any more money) and frame it for your office. Now, each time someone new comes in and asks about it, you can tell the story of how you were fleeced. Not only will this be entertaining for your guest, but you will (hopefully) remember this the next time you think about buying penny stocks. It's the gift that keeps on giving!
I have actually done this myself. My cert is signed by the CEO before he went to jail, and also by a co-conspirator who somehow avoided the big house. Before its suspension, I was unaware that could happen. Not any more! LOL!
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You bring up a most salient point: The PHI Group has not changed much in five years. In fact, I'd venture to say it has not changed much since 2000 or so, following the demise of Providential Securities. What remains the same you wonder? Still long on promises, short on results.
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I just love the 'uplisting' hopes. While you all are waiting for that, get a load of this from 5 years ago:
http://www.hawkassociates.com/clients/press/full_news_as_pdf.cfm?client_id=13&news_id=1131
That is just unbelievable. Literally. Forget about the $5.25 million in cash for a moment (we can come back to that later) and consider only the $5.25 million in shares. PHIL hasn't traded more than $120K total since the great reverse split of last March. I downloaded the trade data from OTC Markets for PHIL from 3/15/2012 to the present. Total volume during that time was 208,131 shares. If I multiply the closing price times the volume for each trading day and sum over the range I get $119,184.
Take off the rose colored glasses for just a minute and ask yourself what kind of a company is going to trade any kind of a hard asset for shares of a pink sheet company that can't keep their filings up to date. Then consider that the valuation of these shares is fity times greater than the last 10 months of trades. To liquidate that stake would take 24 *years* at the current rate. LOL!
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So now we know:
Curious why they are not Stop (No Information) status now. According to OTCMarkets:
Free trading shares. Which requires a registration statement to be blessed by the SEC. By March. Doesn't seem likely. Not even remotely likely. I'm vaguely remembering some other share registration promise... Wait, it's coming to me... Almost have it... Ahh:
Okay, who listened to this? Raise your hand, don't be shy. I will admit I listened to the entire thing. Here's what I got out of it: The PHI Group is currently managing some 'relations'. Fahman's word, not mine. Oh, and some agreements. That's about the only concrete activity I heard him say the PHI Group was doing. Also, he mentioned a single milestone that investors could look forward to over the next 12 months: the consumation of the most recent coal acquisition agreement. You know, the one where the PHI Group ponies up $5.25 Million in cash and another $5.25 Million in stock. (This from a company who last reported having $5K in cash and hasn't announced any financing activities.) That implies to me that all the other purchase agreements must either be off or completed if this one is the only one of interest. Good luck dudes! LOL!
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Whatever happened to the 'fity pocent less coal' partnership? Who remembers this? The PHI Group was going to use a system from Powerdyne to accomplish this. There was about a year ago, around the same time they announced they were building a couple of power plants in Vietnam. You all must remember that, heck they created a new Nevada company to handle it: Indochina Energy. Curiously, that entity is in default. In fact, it never even had a list of officers identified. So who's building the power plants? You can still read about the Powerdyne partnership here:
http://phiglobal.com/info/partners/184-powerdyne-industries
but it is strangely absent from the current website. Maybe they decided not to use it as it would reduce the amount of coal they could sell? LOL!
Excellent work, dude! Yes, you have posted tomorrow's press release. Nicely done. I see that PHIL is going to cough up $5,250,00 million in stock for this deal. How many shares would that be, exactly? And $5,250,000 in cash. LOL! They had some $5,000 last year at this time. Hey, I'll just add this to the list of 'accomplishments' of the PHI Group. For later review.
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No SEC quarterly or annual reports filed since the quarter ending 12/2011...
Let's see...
For the quarter ending 3/2012, we have an NT 10-Q, but no 10-Q.
For the fiscal year ending 6/2012, we have an NT 10-K, but no 10-K.
For the quarter ending 9/2012, we have neither an NT 10-Q nor a 10-Q. Nada.
Yet we continue to read press releases about grand and glorious plans, we find that some stock promotions are taking place, and now we have yet another 'interview' to look forward to.
That just doesn't seem right, does it? You know, that we have no reasonable way of checking if all this press is really happening as described...
No more shouting in the desert! LOL! Curious. Seems happenex and coal weren't happenin in 2010...
http://www.newswire.ca/en/story/630881/happenex-com-location-based-social-site-that-connects-you-with-places-and-people
Big ole stop sign from OTC Markets for CATA...
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Oops, in bad with the Florida Department of Revenue...
http://www.sunbiz.org/pdf/12395346.pdf
Must really be 'dug in' by now... LOL!
Today's PR:
Previous post was in error. My bad. WIEI coughed up no stock for this. Correct text is:
Previous post was in error. My bad. WIEI coughed up no stock for this. Correct text is:
Pretty big bucks for a 'conference call'... LOL!
Pretty big bucks for a 'conference call'... LOL!
Pretty big bucks for a 'conference call'... LOL!
Now there's a statement I think we can all agree on! LOL!
Stealth reverse split on the horizon. From the recently filed PRE 14A:
That's what I thought (hapless message board poster fantasy). However, reading that link, I keep seeing mention of Makani Power. This is a company that purports to make a flyin' turbine. In fact, the Phi Group website says this:
Whoa, now there's some rosy revenue reckonin's if I've ever read any. LOL! Did the company actually make this statement, in writing, somewhere I could find it? If so, when and where? Or is this yet another hapless message board poster fantasy?
GDS Site? What GDS site? You'd think if there was a GDS site, the GDS website would have a view, eh? Share the pics, please!
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This is the company whose website has no address *or* phone number on the 'Contact Us' page. Do you find that somewhat unusual? I mean, for a company that can produce 'continuous and reliable energy that competes directly with coal, natural gas and nuclear on a $/KWh basis.'? Seems a bit strange to me. They do have hours posted though. LOL!
Maybe I have the wrong website:
http://www.gdsystems.net/Contact-Us.html
Really? That sounds like a company the PHI Group should purchase. Be right up their alley, so to speak. Wait. Hold on. I vaguely remember they did purchase GSWP. Or intended to. Or something like that. Here's what I remember:
History of the 'Special Dividend':
I believe the first mention of this was a 3 for 1 dividend with a record date of 15 June 2012 and a payment date of 17 September 2012.
Then, that was changed to a record date of 31 July 2012 with a payment date of 30 November 2012.
Then, that was changed to a 4 for 1 dividend.
Then, that was changed to a record date of 31 July 2012 with a payment date of 31 March 2013.
At the same time of the last change it was noted that the shares will require a registration statement in order to be free trading. LOL! Good luck with that.
So, trying hard to follow along with this, it seems that your broker is correct, and that this should not be a surprise.
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Your point is...?
Huge news indeed. Just tremendous. We have:
- a 'Memorandum of Understanding' signed with a company whose contact page on their website lists no address *and* no phone number. Just an email. LOL!
- yet another 'Letter of Intent' but this time to acquire 30% of yet another 'joint stock company'.
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Curious. The latest seems to have changed. From page 33:
I love to read these type of statements:
“We plan to upgrade the listing of our stock onto a senior exchange in the U.S. such as the NASDAQ Capital Market or the New York Stock Exchange Amex Equities and to resume trading on the Frankfurt, Berlin and Munich Stock Exchanges in Germany in the near future.” – Henry, CEO Shareholder Conference Call
Right. LOL! Let's see the required SEC filings for the past, what, 9 months? get filed first.
Disclosure: Investordd.com is compensated up to twenty five hundred dollars by Phi Group Inc, for news publication, dissemination and profile on Investordd.com.
BullQuake.com has been compensated up to twenty five hundred dollars by Phi Group Inc, for news publication, dissemination and profile on BullQuake.com and partnering websites.
That is just too funny. How many more dollars and/or shares will be spent on promotion?
Could you help us hapless neophytes understand the interview a bit better? Is it, for example, a legitimate news organization that sought out Mr. Fahman to do an independent feature? Or is it, say, an paid advertisement, you know, the kind where the PHI Groups pays Wall Street Reporter some $5K so they can be asked a set of canned questions? Or is it something else entirely?
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Here's the real value. Sand told us this a zillion times. It is my second favorite Ingenism of all time (first is the Steal Molds):
LOL! You can reply to me all you want, but I already know the info. Not that I would ever use it, though. It's OtcMarkets that is wrong. Too funny you included the phiglobal link. It's wrong too (but useful as a reminder of all the past promises that went nowhere). Why exactly did they bail from the virtual office in California for the virtual office in Nevada? Inquiring minds want to know!
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Wow! That is just amazing. I want to contact this company to find out more. Let's see, I'll go to the OtcmMarkets site since it has good info on companies such as these, the Company Info link.
http://www.otcmarkets.com/stock/PHIL/company-info
Contact Info
7251 W. Lake Mead Boulevard
Suite 300
Las Vegas, NV 89128
Website: http://www.phiggroupinc.com
Phone: 702-745-5430
Oops! The website link has a typo and the phone number a transposition error. Dang. Better get that fixed. No wonder there is no volume in this stock.
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