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Should we jinx it and talk about how OTCX isn't on the ask right now?
Yeah, there are still noteholders as of the last Q, so I believe it as well until OCTX is gone.
Ok, that's exactly what I've been seeing. Short interest is next to nothing, which means there is nothing to cover.
Yes, that's fine, but where do you see a high short interest from MMs?
Can you please explain to me who exactly is going to be covering? And where do you see that the short interest is high?
Indeed it is. I just hope it's all worth it some day.
That's like saying because I didn't see the tree fall, it didn't fall.
I'm not promoting that PHIL has anything. I simply have no clue at this point.
All I'm saying is that saying something hasn't happened simply because you don't see an 8K is incorrect. Your definition only pertains to a specific company and any materials changes to that company. If NetJets receives an infusion of cash, Berkshire doesn't file an 8K. If DeepMind receives an investment, Alphabet doesn't file an 8K.
All of it will eventually go into a 10K or Q, but no 8Ks will be filed.
We’ve been down this road, stop saying an 8K is needed.
The supposed money that is being updated is related to Philux Vietnam companies/subsidiaries. No 8K would be needed for that.
I know everyone wants proof, but it’s not a legal requirement until all of it were to be consolidated in PHIL books.
We’ll see if that actually happens.
This isn't entirely true. There are ways around not having to file an 8-K. If sub-funds or sub-companies are holding assets, those are not required to file an 8-K since they are not public and it is not directly involving Philux. Think Berkshire or any other holding and acquisitions company. They don't put out 8-K's for everything their owned companies do. *I am not even remotely comparing Berkshire to PHIL, just a parallel company structure. And I am not saying PHIL has any money, I have no clue.
And I agree, DJK puts out a lot of stuff, some of it seems to hold water and some doesn't. And some is just plain wrong. And while I use some of his DD and appreciate the effort he puts forth digging into things, it all needs to be taken with a grain of salt and researched, not taken at face value. The latest example is the most recent PR where he is saying PHIL has 'won the bid'. This is wrong. PHIL has been given approval for registration to bid and it says it plainly in the PR. There is absolutely nothing in the PR saying PHIL has won a bid.
Now, why would they be given approval to bid if they didn't have the capability to bid competitively? I don't know. And subfunds/companies have been updated on the Vietnam side with registered capital. Not paid-in capital which would be much better, but still. All this slightly encourages me, but we'll see.
For all your talk of DD you sure do really light work when it comes to stuff like this.
https://www.sec.gov/Archives/edgar/data/704172/000149315221027523/form10-ka.htm#AA_001
This will bring you to audited financials. Please proceed to exhibit F-1 for the registered accountant stamp/signature.
In all fairness, the VietnamCredit sites have updated with registered capital for Philux Global Funds and Philux Investment and Advisory. So I guess we'll wait and see what that means.
Public SEC reporting companies are NOT required, nor do hardly any companies have audited quarterly financials. The only audited financials are for the 10K and those will be out in October.
End of September, but with extension it’s Oct. 13th. Should be an interesting 4-5 weeks.
Well that was a weird afternoon.
44M+ trade as a ?
And then two identical 96,774,194 trades as sells, one of which was an avg trade at .00048 and the other was not at .0005.
And it only seems to happen once that bid starts to get over 300M. And then of course the support fills back in somehow.
Always fun around here.
As always…the question is whether we’ll ever get an answer.
No change in share structure. That makes it still since mid-June with no increase other than those restricted ones last week.
Yes, if you go back and look at some of the filings and look at the noteholders, Crown Bridge among others that do or did hold PHIL shares are in lawsuits right now.
Not sure what any of it really means or what possible outcomes could materialize, but they are in lawsuits for predatory lending.
They are on PACER but you have to have an account.
No, it means that there's an annual meeting scheduled per the new bylaws.
You too. At this point I’m just paying to be in PHIL because it’s so damn interesting. You just never know what the next day will bring. Except more .0005-.0006s of course…
Shares increase of 400,000,000, but they are all restricted.
All good thoughts. The only one I'd push back on is Henry dumping shares. If he was he would have to file a Form 4 with the SEC and that hasn't been done...yet.
Avg trade...here we go again.
But why hold off on reporting the share increase? He's never gone longer than 1-2 weeks before reporting an increase and now we are over a month of 0 increase updates.
And again, it's not like he hasn't updated it, it's been kept current just with no increases. I'm not sure if there is a reporting rule on giving an incorrect/delayed update or not. I would understand if there were no updates, but just seems strange that there have been updates with no increases while these share 'dumps' have been going on.
So what if these big share buys/sells were part of some other negotiated transactions?
Either way I always wince when I look up the share structure on Friday afternoons just waiting for a big fat increase.
No share increase.
Yes, I actually prefer this way of doing business to the loans. Not to say the company couldn't use the capital, but by doing it this way, yes, you give up a piece of the subfund, but you also gain a partner and additional resources who actually care about more than just their principal/interest payments. Also, you aren't diluting common stock shares either.
All that said, the jury is still out on whether this all comes to fruition and how the share structure is going to be dealt with.
If you read through the annual or quarterly reports that's how all of the subfunds are structured. I have no idea about whether any loans will be closed or not, but giving an ownership portion of a subfund doesn't have any effect on the loans as this is how they have all been funded (or will supposedly be funded). It gives the subfund capital and the investor a stake, pretty straightforward.
Share structure just updated after another 2 week gap and no dilution again. So the last increase was from 6/17 now.
Also didn't hit .0005 for the first time since 6/13...so that's something.
Well it wasn't me that made any insults but I do have some comments:
Henry was barred from FINRA, but saying he can't do business in the US is false on the broad basis that claim insinuates. Henry can't do business as a broker or work for a broker/dealer of securities. That's it. He can do business in any other way in the US. As to what it says about character, who knows, but people make mistakes and can learn from those mistakes and make changes.
I don't know much about Luxembourg being a know state for wash funds, but a Luxembourg Bank Fund is not in and of itself something shady. Here's a little more research for you so you can read up on them, directly from a reputable audit source, EY: https://www.ey.com/en_lu/wealth-asset-management/investment-funds-in-luxembourg
Maybe PHIL does something, maybe it doesn't, but let's at least keep facts straight.
Can't argue with anything else. PHIL has completely reversed from the high, OS is way up, and no buyback in sight. So thumbs up to you for being right on those items.
This is not true. The 10-Q is due on the 23rd.
I've been hesitant to mention that. No avg. trades for two weeks now and the other weird trading patterns have slowly died down over the past few days as well. Could we possibly be done?
I don't even remember what life without dilution feels like at this point.
Also no avg trades all week…that’s…something.
Yeah, there were some large dumps, but same kind of strange pattern as before.
A large 50M dump on .0009, but then a 50M buy like 8 min later at .000878. And a ton of 999,999 share buys after the dumps as well.
So weird.
I haven't been seeing any avg trades the past few days...anybody else see any?
I think I saw a Form T EOD on Monday for maybe 4M+ but that's been it.
You just had to say something about not going below .0016 didn't you...
You were one of the biggest supporters/promoters last year at this time, so I guess you aren’t always right…
American Pacific Plastics (APP) had a name change to Vinafilms International.
American Pacific Resources (APR) is still the name for the mining with a potential spinoff dividend.
Actually yes, some of the buys/sells are strange. A 39,000,000 sell followed by the exact 39,000,000 buy 15 minutes later is odd. And that type of buy/sell action has been happening the past few weeks where consecutive chunk sells that add up to a large number are then scooped back up 10-15min later with a 5-6 digit trade.
39,000,000 is pretty specific. If it were just 1M, or 10M, yeah nothing strange about that. But 39M? I'm not going to speculate on what is happening, but something is definitely going on.
What in the trading universe is going on?
There were 5 sells in consecutive order at .0017 (I'm assuming all one order) which total 39,000,000.
And then 15 minutes later a buy comes in for the exact 39,000,000 at .001658. And this has been happening the past couple weeks. Not avg trades just normal buys/sells.
Just the weirdest trading activity I've seen.