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PHILBilly is funny, lol...
Here we go, 95
I may be able to do the same tomorrow. Hard to plan with a 3 day hold for funds. ;)
It'll be nice when .01 is the new floor possibly prior to current status.
Agreed. It's a big day already.
Repetition of dd might be key for new retail investors. I've seen alot of hesitation based on things like a/s count, current status, etc.
Good idea to keep it at the top.
Can't seem to get past 92
Remember this? ADE action plan and timeline... think the temporary offices are already underway?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163188403
A/S too high. There have been many comments re: # authorized shares being way too high, causing hesitancy to invest here.
Understandable...however for those who may not be aware, many of us here are confident the A/S count will be significantly reduced this year through company buyback of shares.
WHEREAS, on June 29, 2020 the Company’s Board of Directors passed a corporate resolution to extend the time period for the repurchase of its own shares of common stock from the open market from time to time in accordance with the terms mentioned below:
1. Purpose of Repurchase: To enhance future shareholder returns.
2. Details of Repurchase:
a. Class of shares to be repurchased: Common Stock of PHI Group, Inc.
b. Total number of repurchasable shares: Up to 13 billion shares, or more as may be needed.
c. Total repurchase amount: To be determined by prevalent market prices at times of transaction.
d. Methods of repurchase: Open market purchase and/or negotiated transactions.
e. Repurchase period: As soon as possible until December 31, 2020.
f.
The Company intends to fund the proposed share repurchase program with the proceeds from the disposal of a portion of certain non-core assets and from anticipated revenues of the Company.
g.
The share repurchase program will be in full compliance with state and federal laws and certain covenants with the Company’s note-holders.
WHEREAS, in light of the adverse effects due to the prevalent coronavirus pandemic as well as the Company’s current corporate priorities, its Board of Directors has determined that it is in the best interests of the Company and its shareholders to further extend the Common Stock repurchase period to June 30, 2021.
https://sec.report/Document/0001493152-20-024430/
Friendly reminder for new investors.
The window of opportunity to get in at these prices is shrinking.
1. FYI Schwab allows no fee trades of PHIL.
2. Our ticker is PHIL, not PHIG.
3. There is alot of dd information to sort through that has been verified in various ways by various people. Check it out and ask any questions as most here are helpful, you should quickly get a sense of who is reliable with info.
4. Upcoming catalysts are the reason for urgency here. 2020K could be filed literally any day now...this will be followed by 2021Q's to achieve current status. Timeframe unknown but likely no more than 2-3 weeks after K. Information speculated to be revealed in the filings includes revenue and buyback info. which will undoubtedly impact the s/p. The frequency of CEO cc's, PRs, and project developments should increase after that.
5. This is a brief factual overview to the best of our knowledge at this time based upon information provided by Henry the CEO and the recent history of events.
Hope this helps.
Same. Keep picking up small amounts each week, beyond my original promise to myself
Haha, I know...but we'll get there...
Don't know how we missed it but to be honest I wasn't expecting it to be incorporated as one of the WY registered subsidiaries.
Confirmed. I've actually been averaging up as opposed to selling anything.
And no way am I flipping and risking missing the big run.
Day low .0082 and now climbing back up. The 14k shares I picked up yesterday at .0088 are already green right now..
I would say no cause for alarm.
.01 June 9, 2021 10:33ish
.0099 now :)
lol.. SO.... CLOSE.....
Are we breaking today's high so far of 94? Maybe hitting .01 today or saving that for tomorrow? ;)
Somebody please tell me this is an organic rise and not manipulated.
Cleared 9 again.
Most seem to agree this has been organic and not the result of manipulation?
Most seem to agree this has been organic and not the result of manipulation?
I only have a 5 figure daily gain. Scam! Lol
I have PHIL with Fidelity, Etrade,AND Schwab. For those not aware Schwab allows PHIL trades with no fee.
Yes, that's unfortunate if/when that's the case.
Cordova, the upside will be .25+
This is just fun to watch. I'm not selling a share.
67! See how fun that was? LOL.
I have a feeling we're not moving past 65 today, but it would be so much fun if I'm wrong.
65 our new base camp or are we going to climb some more?
64 suddenly what just happened?
Wow, broke .006, this is starting to get good, lol.
I'm green for now so can't complain yet ;)
Good sign either way. Using Restricted shares as compensation is very strategic IMO.
Restricted shares are valued at the fair market price when vested, right?
Looks to me like a payment in lieu of cash.
If nothing here is coincidence then also has something to do with the change in share structure. Timing...
MYSN traded between .01 and .05 today? Crazy.
I don't have any shares b/c I figured if I had $$ for MYSN I'd be better off buying PHIL instead.
Thanks for posting, this may also help some of the newcomers understand the timeline we are concerned with. All of the recent discussion has been focused on filings and when we will achieve current status, which is appropriate, but this reminds us of WHY it is so important long term.
I'm not concerned with delays yet, but will be if they affect the ppp deadlines. Looks like we're not in any danger yet though.
Something like this would be the concern if the unforeseen delays extended current status too far out.