Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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!
--
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.
--
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.
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.
--
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.
--
From the wesearch weport, page 30 and 33:
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!
--
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!
--
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...
--
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
--
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.
--
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?
--
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/
--
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:
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...
--
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.
--
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:
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.
--
What I want to know is, where is Bolt?!?! LOL!
--
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:
Dwarf filed another S-1/A today. You guys really should read these. It is unbelievable. For example:
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!
--
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)
--
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.
--
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?
--
Travelling a bit further down this rathole, if you read the most recent 8-K regarding the debt conversion shares, you find:
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.
--
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...
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
--
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...
--
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
--
Sand, CEO of Ingen, actually did this:
http://www.ingen-tech.com/PDFbin/ProxyStatementIngen9-22-09.pdf
From page 7 or so:
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:
Looks like it works pretty well to me:
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?
--
I wonder if this acquisition will fare better than these:
Remember that Ingen has some experience in the health supplement business:
http://www.ingen-tech.com/aboutpogamoonga.php
LOL!
--