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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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Gee, my bad about the registration statement. I thought it was a standard stock split. Instead, it is a 'special dividend' which requires, perhaps, a registration statement.
The company will reserve the number of shares allocated for a previously announced special dividend on the books of the company by November 30, 2012 and will postpone the date of the distribution to March 31, 2013. The company intends to promptly file a registration statement to include the dividend shares so that eligible shareholders will be able to receive free-trading shares instead of restricted securities when the registration statement becomes effective.
LOL! Dude! What is the 'registration statement' you are referring to? Also, last December this company had ~$5K in cash and ~$10Million in liabilities. Are you suggesting that PHIL owns coal, mines, or other tangible assets? If so, how exactly were they acquired? I didn't see any 8Ks describing financing agreements. In fact, the only 8K I remember was insiders converting debt to shares.
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So, stumbling my way through your synopsis here, I read that PHIL:
- has begun a program to accumulate coal
- is cooperating here and there
- will provide solutions to this and that
- has done some partnering
- signed an agreement
Did I get all that right? Oh, and not file the various required SEC filings that would help the hapless investor know what, if anything, this company is actually doing, until the new year. Or perhaps later. Or not at all. Tough to know.
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From the wesearch weport, page 30 and 33:
National Financial has paid $7,500 in compensation for this commercial advertisement.
Your post sums thing up quite nicely. LOL!
Well, without the SEC filings, or even a PinkSheet Company Info update it is difficult to determine exactly what the outstanding share count even is, but yes, LOL, the debt conversion share grab was a classic!
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Love the PHIL. And the PHIG. And CATA. And all the rest. Looks like the PHIL has two overdue SEC filings that they noted with NT's and one they just ignored. Too bad, because I really wanted to see what hasn't happened with PHIL over the past few months. I do note with some interest that since the last common shareholder wipeout/reset (that's the 1 for 1500 reverse split last March) that a grand total of 42048 shares have traded hands. Not much action there, but at least the price hasn't gone subpenny yet!
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They are claiming income of some $5.8 million from the 2.5 million Wonder shares that are left after distributing 900K of the original 3.4 million. I think I have these numbers right, but I'm sure one of the faithful will correct me if I'm wrong. In any case, assuming I am reasonably accurate, and firing up the HP now... I see that assumes a value of $2.32/share of Wonder. Bit of stretch I'd say. Also, Wonder has traded some 31K shares since 1 October. At that rate it would take almost 10 years to liquidate the stake. Sounds a bit dubious to me...
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Everything is exactly as it seems if you look closely enough. Here's an oldie, but a goodie:
http://www.stockpatrol.com/article/key/providential
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Why don't you ReRun your research a bit. What can you find out about Rerun Recovery Inc? I mean, seriously. LOL! What is Rerun? Where is Rerun? Who is Rerun?
Since you seem to have some difficulty with this, I'll give you some starting points. Find their website. Ouch. Look up their standing with the Nevada Secretary of State. Ooops. Check out the relationship with the purported chief of Rerun and the chief of Cata.
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Gold? Mining? You guys talk about CATA as if you think it is doing these things. How? With what? From the most recent 10Q:
June 30, 2012 December 31, 2011
ASSETS:
Current Assets:
Cash $465 $0
TOTAL ASSETS $465 $0
Total assets of $465 of which all of it is in cash. Not much room there for plant, property, and equipment. LOL! Or is that on another line in filing somewhere, and I missed it?
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I am just shakin' my head here because I do not know what to make of this. LOL!
Check out this website:
http://www.phigroupinc.com
And now this one:
http://piercepiercegroup.com/
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Need some mo oxygen myself.
I see Ingen's website has taken on a new look. I eagerly checked the 'Purchase Products' page. I was quite curious as to what it would take to pick up an OxyThisOrThat given that I remembered reading this back on 7 August 2012 or so:
...the company has agreed to deliver approximately 8,000 Oxyview units in value of $160,000...
Separating fact from fiction seems to have posed the occasional challenge for these guys for some time.
RIVERSIDE, CA, Oct 24, 2012 (MARKETWIRE via COMTEX)
...The initial purchase order of 7,760 Oxyview units and Smart Nasal Cannulas were delivered to our national distributor last month...
RIVERSIDE, CA, Aug 28, 2012 (MARKETWIRE via COMTEX)
...The first purchase order of 7,760 Oxyview units and Smart Nasal Cannulas has been delivered while Ingen prepares for more deliveries...
So which month was it?
Kind of makes you wonder how realistic this could be...
...expects future sales to be in the tens of millions of dollars....
Given that we read back in 2010 how “Ingen continues to see strong interest in its leading portfolio of patented technologies designed to address the $8 billion global respiratory market by helping reassure patients and reduce cost for homecare providers,” said Ingen CEO Scott Sand. “With new government contracts and certifications in line, we now expect sales to reach $11 million in 2010 and $200 million within the next five years as we continue building value for shareholders.”
What did total 2010 sales turn out to be? Well, from one of the filings I see FY2010 sales of $128,917, even though we have been warned not to rely on some of these statements. A far cry from $11 million, but-non trivial nonetheless, until you factor in that $100K of the sales were to Medox, controlled by an insider of sorts. But, there are still 3 years to go on the five year plan. Perhaps the ole 'hockey stick' ramp is in the future...
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Right. LOL! I'm thinking something along the lines of 'Blah, Blah, Blah' with a net result pretty much on par with the entire history of things.
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Sup with that 'national distributor'? Heck, even I expected Ingen to have made something of this by now. I re-read one of the press releases that discussed this.
http://www.marketwire.com/press-release/ingen-receives-first-purchase-order-from-national-distributor-pinksheets-ignt-1693789.htm
This paragraph caught my eye:
"Our new National Distributor is a leading distributor of home medical and infusion products which promote recovery and active lifestyles for people with disabilities and those who require non-acute medical care. We are working very closely in order to successfully sell our proprietary Oxyview(R) and Smart Nasal Cannula to the respiratory market. Our new website will launch in September, and all purchases will be routed to our new National Distributor through Electronic Data Interchange (EDI)," stated Gary B. Tilden, Chairman of Ingen.
Two comments:
1. The odds that a penny stock will move to the Nasdaq or Amex or NYSE are inversely proportional to the number of times the insiders suggest it will happen.
2. Using an estimate of multiple dollars/share for the 2.6 million or so shares of WIEI is quite a stretch given that the total trading volume of WIEI lifetime is less than, what, 10K shares. Let us see if they actually claim this in an SEC filing.
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What I want to know is, where is Bolt?!?! LOL!
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Curious case of the authorized share count...
On or about 12 March 2012, CATA filed an amendment with the Florida SOS increasing authorized common stock to 999,990,000.
This is reflected in the most recent 10Q filing:
999,990,000 shares authorized
4,999,500,000 shares authorized
Dwarf filed another S-1/A today. You guys really should read these. It is unbelievable. For example:
Balance Sheets
June 30, 2012
(Unaudited)
Cash $977
Total Current Assets 1,399,317
Total Current Liabilities 10.015,281 [sic]
Total Stockholders’ Equity $462,910
...Our primary uses of cash have been for selling and marketing expenses, employee compensation and loans to our President and largest shareholder.
...To date, the Company’s cash flow has been negatively impacted by loans to Mr. Zhang. In July 2012, Mr. Zhang has agreed to not receive any further borrowings from the Company.
During the second quarter of 2011, Dwarf Technology paid a one-time dividend in the amount of $2,449,629 to its sole shareholder, Mr. Zhang MianFu, who is our Chairman and largest shareholder.
12. SUBSEQUENT EVENTS
SHAREHOLDER ADVANCES
Effective July 1, 2012, the Company entered into a loan agreement and promissory note with Mr. Zhang regarding the outstanding amount of shareholder advances totaling $8,999,298. The total amount is due and payable on July 1, 2014 and interest accrues on the unpaid amount at the rate of 1% per annum. Under the loan agreement, Mr. Zhang and the Company agreed not to provide any further loans or advances to Mr. Zhang. To the extent that Mr. Zhang receives further loans from the Company, such event will constitute an event of default, and interest will accrue on all outstanding loan amounts at a default interest rate equal to 15%.
I am embarrassed to admit I caught most of this call. The fact that Wonder is actually tradeable piqued my interest as I never thought that would happen. It was a mostly upbeat discussion involving assumptions, and projections, and hope for the future, blah blah blah, but the big ole red flag went up for me when I heard:
1. In discussions re: a merger with a private "cutting edge" bio pharmacutical company by virtue of which will somehow lead to listing on the AMEX or NASDAQ
2. A statement to the effect that EBIG shares are currently undervalued and that a conservative estimate of their true worth is on the order of $.40 to $.50 / share.
LOL! Its been my experience that anytime a penny-stock CEO starts talkin' merger, and NASDAQ, or AMEX or even just uses the term 'uplist', it never bodes well for the hapless common shareholder. Add in a stock valuation opinion, and look out!
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Not debating what you say, but one of my favorite entities recently filed an 8-A12G that appears to have no pertinent information in it whatsoever, other than the company name and CEO signature. And they do not have an S-1 anywhere in sight. Sup with that? Catalyst Resource Group, Inc. (CATA)
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I'll have a go. How about zero? zilch? nada? For heavens sake, man, what value could you possibly be imagining? As of the last 10-Q they have $465 in cash, and some $18 million in accumulated deficits. Net sales of zero. Zilch. Nada. To top it off, they just filed a form 8-A that has no data. Nothing. Nada. Zilch.
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I'm confused. Yes, the omniscient mythical_phenix just does not get it. What is up with the SEC filing made by CATA yesterday? A registration statement that registers nothing? It looks as if the form simply isn't completed. What is up with that?
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Travelling a bit further down this rathole, if you read the most recent 8-K regarding the debt conversion shares, you find:
... Item 3.02 Unregistered Sales of Equity Securities
On July 19, 2012, a creditor and director of the Company converted $250,000 of debts into 1,021,711 shares of restricted common stock of the Company at the conversion price of $0.24469 per share.
On July 19, 2012, a creditor and director of the Company converted $57,000 of debt into 174,713 shares of restricted common stock of the Company at the conversion price of $0.32625 per share.
On July 31, 2012, seven creditors of the Company converted a total of $177,333.33 of debts into 504,865 shares of unrestricted common stock of the Company at the conversion price of $0.35125 per share. All these debts were at least one year old at the time of conversion.
All of the above-mentioned conversions were effectuated pursuant to the resolutions of the Board of Directors of the Company dated March 12, 2012 and June 6, 2012 by the Board of Directors of the Company with respect to the provision for creditors of the Company to convert any or all of their outstanding indebtedness and accrued and unpaid interest thereof into shares of common stock of PHI Group, Inc. by relying on the exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “Act”), provided by Section 4(2) of the Act and/or by Rule 506 of Regulation D promulgated thereunder.
These issuances brought the total number of issued and outstanding shares of the Company’s common stock as of July 31, 2012 to 1,891,109.
I think if you did a full accounting of all the dividends either promised or delivered over the years, you would have a whole lot of nothing. Except, somehow, EBIG was a dividend, I believe, that actually is tradeable.
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Nah, then you'd eventually forget about them. Get the cert and hang it on your office wall, in a prominent location. Then you won't forget, and every time someone new comes in and notices it, you can tell the story again. It's the gift that keeps on giving. I have two similar examples on my wall: one cost me dollars, and the other was a carrot that rotted in the ground before it could be picked. LOL!
What should the penalty be for not paying attention? LOL!
http://finance.yahoo.com/news/phi-group-extends-record-date-100000845.html
This was the PR that also discussed conversion of old debts into stock...
...The new resolution extends the deadline for the company's creditors to convert their debts into common stock to July 31, 2012. In addition, the new record date is reset for July 31, 2012 with the new payment date reset to November 30, 2012 for the special dividend. All eligible shareholders of common stock as of the new record date shall receive three new shares of common stock for each share held as of July 31, 2012.
PHIL - PHI GROUP, INC. Common Stock
Declaration Date:--
Ex Date:12/3/2012
Record Date:7/31/2012
Payment Date:11/30/2012
Dividend Type:
Stock Dividend or Split Dividend Amount:
3-1 stk
Notes:
3-1 stk ; Due Bill Redeemable Date: 12/05/2012
Classic Ingen PR thread on Yahoo...
Add your favorites, or just enjoy what's there.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_I/threadview?m=ts&bn=100100&tid=4754&mid=4754&tof=1&frt=1
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I love Ingen PRs. I find them, well, entertaining. With this one, I simply could not help myself from searching for the phrase "largest home healthcare distributor in the world". With the quotes. I figured a label such as that would surely be claimed by some enterprising operation. Only hits were the Ingen PR and this board. Hmmmm. Then I tried "world's largest home healthcare distributor". Again with quotes. Nothing, but helpful Google pointed out that Philips claims to be the "world's largest home healthcare company" and that Invacare (LOL!) claims to be the "World's Largest Manufacturer And Distributor Of Home & Long-Term Care Medical Equipment". Curious. Then I shortened the search phrase to "largest home healthcare distributor". You know, cut the playing field down a bit. Nothing but Ingen, and some dude who worked at Apria, who he claims is the "largest home healthcare distributor of products and services in the US".
Interesting...
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Personally, I liked this, but it is 'out of service'...
http://www.1888pressrelease.com/the-sexiest-hottest-internet-show-in-the-world-this-show-re-pr-16936.html
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Sand, CEO of Ingen, actually did this:
http://www.ingen-tech.com/PDFbin/ProxyStatementIngen9-22-09.pdf
From page 7 or so:
Other 5% or greater Holders:
CEDE & Co. 1,508,929,322 78%
JSJ Investments Inc. 136,666,667 7%
Medox Corporation 100,000,000 5%
No drag on dilution? What in the world can this statement mean? That the 'acquisition' is not going to slow down the dilution? I need to add this to the list of classic PR statements issued by Ingen over the years...
From the PR of 21 August 2012:
The acquisition with SomaLife is designed to increase revenues and earnings, without being a drag on any share dilution in the market.
Looks like it works pretty well to me:
Disclaimer: OrbitStocks.com...
August 2012
$2,000 for a one time profile of HAIR from a third party
$2,000 for a one time profile of HHII from a third party
$2,500 for a one time profile of GROV from a third party
$2,500 for a one time profile of IGNT from a third party
You are correct, oh master of Ingen lore. Even though it has been some time since the last of the many reverses, it seems there is ample room for share issuance now without one. Whenever I read these type of PRs I always wonder, who's zoomin' who?
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I wonder if this acquisition will fare better than these:
Ingen Restructures for Thermotex Acquisition
YUCAIPA, Calif., March 18, 2009 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. (Pink Sheets:IGNT), a California-based medical device manufacturer announced today the new share restructure and trading symbols that will allow the company to complete two new acquisitions.
The company has effected a reverse-split as part of the acquisition of the California based Cyclonatix, Inc. and the Canadian based Thermotex Therapy Systems LTD. Ingen will acquire Cyclonatix under a share-swap; whereas the acquisition of Thermotex will include a cash buyout in combination with a share-swap. Thermotex is a world leader in the development and manufacture of "deep heat" infrared therapy systems that are energy efficient and deliver exceptional, non invasive therapeutic benefits. Both share-swaps will result in the issuance of restricted shares, and Cyclonatix and Thermotex will be wholly owned subsidiaries of the Company.
The acquisition of Cyclonatix brings to the Company a patented intellectual property of DC brushless motors with a market potential, both commercial and medical, of $150M in annual sales. The company is currently negotiating with commercial manufacturers for the purchase of the DC brushless motors.
The acquisition of Thermotex brings to the company a strong and growing revenue stream produced through the distribution of the thermotex products. The medical application has a market size of more than $50M annually, and the commercial application in veterinary and pet products has an existing market size of $20M annually. ...
Remember that Ingen has some experience in the health supplement business:
http://www.ingen-tech.com/aboutpogamoonga.php
LOL!
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Ingen has some experience in the health supplement business:
http://www.ingen-tech.com/aboutpogamoonga.php
LOL!
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Gotta like this: ...and a strong management team...
Just too funny how the old phrases keep popping up in the new prs.
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