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Yes, that is correct he will only do a RS to obtain a Big Board listing. Go $PHIL
Why would there be a sell off if the filing will come out Monday or Tuesday if it is being edgarized now it should be out early next week? Go $PHIL
Thanks for doing the Live stream.
Hopefully the meeting will be recorded so we can all hear it later. Only 100 participants is very low for a huge company like $PHIL :)
That was the plan all along file first and then do the CC. IMO Henry thought he set the CC far enough in advance to get the filing out before the CC time will tell if that is the case not much time left to find out. Go $PHIL
What are the maximum number of users that can be on a Zoom call at one time we are about to find out? :) Go $PHIL
True but it could be a pretty good if:) go $PHIL
If Henry can get the filing to the Edgarization agent tonight the filing will be submitted tomorrow go $PHIL
My confirmations always comes from the source or man in charge:) Get your popcorn ready! $PHIL
Just confirmed the $PHIL filing is still on for this week.
$PHIL is going to file this week game on!!!!
$PHIL You are cordially invited to join our Shareholder Conference Call: Time: Mar 5, 2021 04:30 PM EST (US and Canada)-Join Zoom meeting https://zoom.us/j/4177806661;
Meeting ID: 417 780 6661
Tel: +16699006833;+13462487799;
Find your local number: https://zoom.us/u/ad174d7BXv
God Bless!
$PHIL You are cordially invited to join our Shareholder Conference Call: Time: Mar 5, 2021 04:30 PM EST (US and Canada)-Join Zoom meeting https://t.co/eASCgs7Gug;
— PHI GROUP INC (@PHIGROUP) March 2, 2021
Meeting ID: 417 780 6661
Tel: +16699006833;+13462487799;
Find your local number: https://t.co/7gi0Yo96Lf
God Bless!
It is good to see CFGN back off to .004 so we can move back up lets see if he moves again when .004 gets hit that will be the real sign he is done IMO. MM GTSM has been hiding shares to currently at .0039 Lets see what he got LOL.
Looks like CFGN is showing their real shares now could be done selling. Time will tell if that is the case. We will know if we start to move back up now. Go $PHIL
Yep RJ32 - The people in charge the auditor's told Henry the 2019 10-k can be filed this week based on the tweet below. Even if someone isn't smarter than a 5th grader the below should be understood:)
$PHIL Dear Valued Shareholders, I know it's been frustrating, but after talking with our auditors tonight I can say with confidence that the 2019 10-K can be filed within next week. We will be scheduling a conference call at 4:30 pm EST Fri March 5, CC details provided next week.
https://twitter.com/PHIGROUP
You don't need to be a business major to understand this statement.
It is very difficult to audit a foreign company to comply with GAAP standards and become GAAP certified as DJK mentioned. I gave an example of a company given up trying to do that type of audit and decided not to be SEC compliant so their foreign audit's can be done in a timely manner. Believe me Henry is as frustrated as many investors that the Vinafilms audit has taken this long.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162240737
Yep Pokerpro we know how it feels to wait a long time for foreign company audit's we should be veteran's by now LOL.
Welcome to the $PHIL crew Pokerpro and I agree with what you sad about the other company. Wait until Henry is finished with the buyback you will see a bigtime promotion IMO. I have never seen a company with as much potential as this one.
Here is the reason $PHIL should go to an Alternative Reporting Standard if they need to go through another painful audit again. The company below had the same issue with audits taking forever and it cost them deals.
On February 26, 2021, the Board of Directors of Argentum 47, Inc. (“Company”) determined that it would be in the best interests of the Company to terminate the Company’s registration with the Securities and Exchange Commission (“Commission”) under Section 12(g) of the Securities Exchange Act of 1934 (“Exchange Act”) by filing a Form 15 with the Commission.
We intend to file the Form 15 on March 2, 2021. After filing the Form 15, we will no longer be filing periodic reports on Form 10-K, Form 10-Q or Form 8-K. However, we will be posting information about the Company with OTC Markets under its Alternative Reporting Standard on an annual and quarterly basis. Our shares of common stock will continue to be quoted on the Pink Market.
For the last ten years, we have been periodically and consistently reporting to the SEC. In August of 2018, we acquired Cheshire Trafford UK Limited, a United Kingdom Independent Financial Advisory firm (IFA). This subsidiary was acquired after enduring an audit that took almost 9 months to complete. Prior to the acquisition of Cheshire Trafford, there were two other Independent financial advisory firms that we would have acquired. One was based in the United Kingdom and the other in Malaysia. We had agreed to terms with both firms and unfortunately ended up not acquiring either, as audits were taking way too long to get finalized and the principals of both potential acquisitions grew tired and decided to not sell their businesses to our Company.
Today, after months of verbal negotiations, we have another potential acquisition in our sights. It is an Independent Financial Advisory firm based in Singapore administering more than $200 million U.S. Dollars and historical gross income of more than $2 million U.S. Dollars.
As previously reported on our Current Report on Form 8-K filed with the Commission on December 4, 2021, on December 3, 2020, we agreed to funding terms for $3 to $5 million U.S. Dollars with a Regulated Fund based in Luxembourg; hence, we already have the money committed to acquire the Singaporean asset.
If we were to continue to report to the SEC, the Singaporean IFA would have to undergo an audit of its prior two fiscal years and, historically, we know that this will take at least 6 to 9 months to complete. By opting to post information about the Company with OTC Markets under its Alternative Reporting Standard on a quarterly and annual basis, these cumbersome audits will not be required; hence, once we finalize our stringent due diligence process, we will be able to go directly to a Letter of Intent and then start the process of acquiring this Company immediately after.
I am so ready for the biggest conference call in the company's history this week for $PHIL
Of course mess you know I never lie:)
All I can say is Wow I just confirmed this Blockchain Coin is still in the works and is currently being changed to make it even better. Look for an announcement in the future on it.
https://www.globenewswire.com/news-release/2018/02/01/1330166/0/en/American-Pacific-Resources-Launches-GILDEX-Blockchain-Coins-for-Gold-Industry-Estimated-to-Bring-Upwards-of-1-Billion-Value-in-the-Coming-Year.html#:~:text=GILDEX%20is%20a%20game%20changer,in%20the%20next%20few%20weeks.
Ok got it.
Not sure about that the $PHIL short volume looks very high to me.
https://fintel.io/ss/us/phil
It is good to see no stock gaps going into next week. Hopefully that will continue but maybe difficult with the amount of interest $PHIL has shown.
http://www.stockta.com/cgi-bin/analysis.pl?symb=PHIL&cobrand=&mode=stock
IMO the more as may be needed verbiage was put in there as a worst case scenario kind of what is happening now where the Note Holders have decided to convert their shares rather they wait for Henry to payoff the remaining note balances. This means the Note Balances will be most likely be zero which the filing's should confirm and he will need to buy more shares on the open market then he planned to. The cause in the filing gives him that option IMO.
It has been a very long journey for $PHIL and next week it is on its way to the promised land. I get the feeling Henry is pretty relieved at this point and the company can now move forward getting current next month. Get ready for the CC call of the ages:)
The dilution is actually meaningless at this point since the buyback will take care of it. There isn't much dilution left anyway. It all depends on the stock volume. I wouldn't be surprised if $PHIL traded 10 billion shares in a day if the news is as good as I think it is. It all depends on the tradeable float and how locked down it is.
I just confirmed we won't have any note holder hold up with the filing this time so all systems go for a filing next week for $PHIL
The dilution is just about over so I wouldn't expect the stock to drop much especially with the filing, CC next week followed by potential mega deals. Besides Henry will buy back as many shares as he needs to in order to get the share structure at a level that will allow increased stock appreciation. See bold below.
BE IT RESOLVED, that the Corporation is authorized to repurchase 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 15 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 June 30, 2021.
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.
https://www.otcmarkets.com/filing/html?id=14587044&guid=kQDaU6EkO62fhyh
Yep it is better to get these last few batches of dilution out of the way so there won't be any impact on the move up starting next week.
Looks like the dark Clayclouds are still looming around but should be squeezed out to sea next week and there will only be blue skies for $PHIL for the foreseeable future.
Glad to see the $PHIL delays are over and blue skies can be seen in the distance. Everyone sing!
Could the Dark Clayclouds be breaking up for $PHIL
I like dip n squeeze better:)
Looking forward to Groundhog Day it is probably going to be late this month probably next week but $PHIL the Groundhog wont see his shadow IMO and there will be blue skies ahead.
The weather forecast today is Dark Clayclouds but the sun will shine again next week where the weather forecast should be clear $PHIL blue skies for the foreseeable future. That is if our groundhog doesn't see his shadow and isn't afraid to release the filings.
What I like to see no $PHIL gaps so the the stock is ready to run at anytime:)
http://www.stockta.com/cgi-bin/analysis.pl?symb=PHIL&cobrand=&mode=stock
schrts.co/cIBnVPsE
Just curious do you think Bryan will talk about $PHIL in his telegram group this week? TIA
Henry knew the note holders were going to convert more of the notes to shares so he increased the amount of stock he needed to buyback in the recent 8K. Most likely Henry has an amount of shares outstanding in mind he wants the stock at after the buyback is completed IMO. Thanks for all the DD you have been doing.