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It looks like the buys/sells have stabilized at 0014/0015 for now.
It's definitely in EM right now. While the Bid is showing, there is no L2 data to see where we are exactly. There's always premarket L2 data even if it's not quite right until the market opens.
That’s the 10-K. We need the 10-Q now for the yield sign to come down. I know, hard to believe enough time went by that we were TWO filings behind. Hopefully he knocks out the Q quickly.
Haha yeah let’s hope that Q comes soon!
Hey man! Yeah I haven’t seen any dilution either which is certainly nice for a change! Have a great weekend as well.
I didn’t see anything in there either, but I just did a quick run through. I’ll have to look at it closer this weekend at some point.
Actually we aren’t current until he files the next Q. Still delinquent for now. This just keeps us out of Expert Market.
In reality the problem isn’t that it’s a done deal. That’s fine. It’s what it’ll take to complete the deal that’s the issue. What is it going to do to shareholder value? At face value, that’s a lot of shares.
I haven't seen any major uptick in volume or avg trades, or any of the typical diluting MM's on L2, so I don't think it's happened yet, but I'm keenly watching to see if that changes over the coming weeks.
The way I read the 8-K was basically that Phi Group was to arrange for up to $10M before Dec. 15th. All from PHIL shares of course.
How much of that $10M he could actually get prior to that date? No clue. I can't imagine he'd get even remotely close by Dec. 15, too many shares to pedal at the current SP, but who knows.
What I'm FOCUSING on is that the latest 8-K tells me flat out that more dilution is on the way, the financing package is not closed yet, it's been over a month since we lost current status, the carbon coin has had no volume for 8+ weeks, and the Q1 financials will also be delayed (per usual).
We've been hearing "anytime now" since last August and we're in a much different economic environment than we were in 2021. So continuing to say it's going to take off like 2021 just doesn't hold much water.
Maybe Henry will pull something off and it does take off, great, but that's getting harder and harder to see happening. Right now is seems like things are crumbling. It's just pieces chipping off and adding up.
Ok, excuse me...up to $10M. Any amount of dilution lowers SP, that's how we got to where we are now. And I'll say it once again, it clearly says in the filing that the money will come 'via PHIL shares'. No real way of spinning that one.
So either we go lower or Henry has something he's going to be pulling out of his sleeve to raise SP prior to selling more shares. I would love if he did, we all prosper, I'm just skeptical of it at this point.
Careful what you say won't happen. Over the past year we've constantly heard we won't go under a penny again, .007's won't happen, .004's won't happen, below .003 will NEVER happen, no way we ever hit trips again. As we all know, all of those things happened.
And with a possible $10M worth of additional dilution that could happen shortly, trips are a real possibility. Anything is possible.
I'm typically not a "downer" type of poster, but this $10M seriously worries me.
Not really sure why that's an 'lol' but yes, like I said, people have been waiting for .0012s (buyers) and someone finally dumped some (sellers) for them to grab. And voila, there's the increase in volume.
There have been many times over the past few years I have asked myself that type of question. And in theory I agree. Why else do it? Except, so far, none of those questions have been fully answered and nothing that has brought shareholder value has come to fruition yet. I hope that changes.
Yes, absolutely. That can be filed whenever he's ready to use it and then have access to the funds.
My biggest concern is that there were not other options mentioned in the 8-K for the $10M, just "arranged via Phil Shares."
Anyway, as with most people on here, I'm hoping Henry pulls it all off and we all prosper together. My list of concerns just keep growing however.
Ok thank you for sending that, I see it now. That equity line isn't actually active though. An S-1 needs to be filed for it and I don't believe one was.
Volume increase doesn't have to do with anyone liking it. It's because people have been sitting on .0012s for days and someone finally gave up and let their shares go at .0012 and almost cleared them out.
Let's not leave out the rest of that sentence..."arrange a sum of money via PHIL’s shares". It looks pretty clear cut where the money being arranged is coming from.
For the 10M equity line, could you send over where it's stated the PHI Group was given that? I've looked through the filings and I can't find it. I probably just missed it.
Thanks!
Is anyone else reading the 8-K as two separate possible dilutive actions?
1. The ownership piece - if Henry doesn't fork over cash he has to grant Mr. Tran an equal amount of shares to Henry and they then become partners.
2. And SEPARATELY, another $10M via PHIL shares for projects? This section doesn't even mention paying cash as an option. Just $10M from PHIL shares. All before Dec. 15...
So just that $10M would mean another ~$7.5B shares in the next month at the current share price.
I know some of this would (I certainly hope) come with actual assets, but geez. As if 33B shares weren't enough.
That's the authorized share amount. The outstanding is still sitting at 33B+.
The authorized share count means nothing other than Henry could continue to dilute another 27B shares if he chooses to. It certainly has nothing to do with a RS, so you can just thank kingjoe for stopping by and carry on.
Revenews?
Well it's not hard to look back. I don't like when people aren't truthful and act as such. Anyway, still hope you're right.
Cordova1947
Re: A deleted message
Sunday, September 26, 2021 9:21:47 AM
Post#
86706 of 109751
I am still here because I still have a stake in PHIL......about 110 million shares at .0001. I make my remarks because I believe it is the truth and hate for people to get burned here. I already made my money back 20 fold. This will make another nice run for sure and that is when I will dump my remaining shares. I just want people to be careful.
Cordova1947
Re: None
Friday, October 22, 2021 8:05:45 PM
Post#
89171 of 109751
Added 30 million shares today at .0051 and looking to high .006's next week. Henry told me to just wait when ADE is announced officially. Won't be long now.
Good luck folks. Smart buying today.
And the final post before being suspended:
Cordova1947
Re: Inorout post# 92476
Monday, November 29, 2021 3:53:14 PM
Post#
92481 of 109751
I promised the PHIL IHUB Board Members that I would not make another post on this board over a week ago. I will keep my promise, but I cannot let slide a big error in your post and analysis. It was not a 1 for 1,500 reverse split, but a 1 for 15 reverse split. I just make this observation for the record.
Good luck everyonre.
Haha ok. This is not the same story that's been told in the past. Something about 100+ million shares and sold on the way down after it came off the highs, finally got rid of everything when it came all the way back down before you got banned from this board for your wild, incessant rants. The inconsistency is unbelievable.
All that said, I hope you're right about it being different this time. That sure would be a welcome change.
Nothing has been squashed on ST. It gets spun 1800 different ways.
If the document actually gets looked at at face value, it's plagiarism. Even the 1st and 2nd page that states PHI group commissioned....and that its secondary research is the same just the company names changed...so technically it would be tertiary research. Everything until page 60 is plagiarism.
But honestly, who cares? None of these documents mean anything until Henry puts out official documentation or filings of things happening.
There were 3 separate sets of buys each totaling 9,999,999 shares bought at .0013 that got it kicked off. Not sure what to make of that.
Also JANE is now off L2.
I don't disagree. Anytime any financial report is delayed I view it as shady and unprofessional. I thought after getting current it wouldn't need to happen and yet it happens every single time, and for no real reason. You can always issue an amended one, if needed, instead of being late. Amended reports aren't great either, but it's better than late.
People keep saying to expect the NT 10-k or q and that it's ok because that's just what Henry does. Well I would prefer he was more timely and I personally expect a greater sense of urgency.
Not filing on time is a red flag in most situations and everyone just keeps shrugging it off as no big deal.
Such is the OTC though...
No, they have a few months on Pink Limited before any concern of EM.
From OTC Markets:
To qualify for the Pink Limited Information tier, reports must be posted in accordance with the following deadlines:
- Financial statements for a completed Fiscal Year within the past 16 months
- Verified profile within past 12 months
Basically PHIL has 16 months from the last 10-K before EM - which would be March 8 based on when the 2021 FY 10-K was posted. Actually it may be Feb. 18, not sure how the amended one plays into that.
And if you type in Iruka into that same system, you'll find 100+ of the same thing. They file lawsuit after lawsuit against individuals/companies and almost none of them appear/answer/raise a question. It's shady, but as far as PHIL is concerned, there are much bigger questions than this BS. You can stop posting this.
Ummmm, no. Late filing and getting a yield sign was most certainly not ‘part the plan’.
‘Due to extraordinary circumstances’ does not lead anyone to believe he meant to be SEC delinquent. And if he did, I would be much more concerned.
It’s not the end of the world, but it definitely wasn’t part of the plan.
Yeah they haven’t been on all day. Hopefully they’re officially done doing whatever they were doing.
Well you're never going to pay $6M for $6M in profits. Typically you would use a 10-year forecast to evaluate a deal. You'd like to make your money back in 7-10 years. But you also need to take into account assets. What physical assets do you now own and whats the value of those?
Those, among others, are the types of things you would use in creating a valuation when purchasing.
And OTCX back on, this time with 3M shares. The never ending supply keeps rolling.
Yes, I have no doubt that this will be paid for. There are literally 3 levels of payment options. If shares from the sub-company aren't satisfied then cash (financing programs) will be used, and if not that then PHIL shares. It says so right in the convertible note agreement. It will be paid for one way or another.
I'll state again, I believe this to be a closed deal. I only have two questions:
1. The payment happens when VPD becomes a publicly traded company, which they have until end of March 2023. What happens if they fail to achieve that?
2. At what point is PHIL able to show VPD revenues on the books? Does it have to wait until after a PCAOB audit and until then just shown as Vinafilms has been shown as a subsidiary? Or can it be shown prior to that?
I don't disagree. Anything bought with any future payment is 'yours' until you don't pay for it. A lot of clarification needed, but for the purposes of a 'closing' this is an official closing of a deal.
As for bringing in money...yeah, we'll see if and when that happens.
I don't think this is necessarily true. I think the deal is considered closed at this point. It's true Henry owes that amount to be paid in PGT shares, cash, or PGG shares and can't except payment in shares until they are a public company. And they have until the end of March to do that. What we don't know (or at least I can't find) is what happens if they fail to become a public company.
Does the deal get cancelled? Do they forfeit the note?
Yes, I read it as the deal is done and that is how the payment will work, however if they don't follow through with those shares being issued, then it will be paid in cash or they will come from PPG (and we get more shares dumped on us).
My big question is whether this transaction can be shown (financially) on the books outside of being a subsidiary, or if this is in fact going to be another Vinafilms situation where we cant show revenue until the audit is complete. I guess we'll know in November with the 10Q.
One correction: TTG didn't get kicked 90 days...just 90 days from the signing. The original was 60 days, so it got kicked an additional 30 days until next month.
And like goldstandard mentioned, with OTCX back, we aren't going anywhere.
3.5 trading days until what?
Didn't take long to grab some more.
Haha probably just got tired and had to take a little break.