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.
Although with potentially massive Lux funds driving these agreements, I don't see why at this point anyone would allow these deals to fall through, be it COMA27 or Hoang Quan Group or even the govt of VN, so maybe I just answered my own question.
Thank you for posting this again.
I did read this again recently, but it seemed to have dropped off the radar. It's my understanding these MOA's and MOU's are good signs toward progress, but are not necessarily binding? I mean, how easy is it for the terms of the memos to NOT materialize?
Which fund initiates ADE?
...another 40-50k at .08-.10 if we get there.
I'm betting it's worth the risk at this point.
I can only afford to add a little at a time.
Just had to get another 500k at 2, instead of waiting for another 1m at 1. At least it was filled immediately.
Getting happier every few days, too :)
LOL...one big happy dysfunctional PHIL family.
OR... a current filing status plus a LUX fund :)
Good information given the new status. That's alot of money moving around! Still hoping for the best but love to see it starting to come together.
Also Fidelity won't let you buy, not sure of others, which is probably impacting potential volume.
Stupid question about how the fund works. What kind of return does PHIL benefit from once funds are invested in a project? What is PHIL's stake and how does the fund investment affect PHILs books before that return is realized?
Our fortunes DEPEND on it! lol...
If you ask me, I'm on the side of rainbows and sunshine and Hawaiian lambos, lol...
Thanks facts. Do you happen to know if this is a public ceremony?
I definitely like the thought of a signing ceremony, hopefully covered by local press.
So this is apparently what the ADE will be modeled after. Very exciting!
https://www.cnn.com/2019/12/19/business/dubai-diamond-exchange/index.html
Thank you again.
That will be a good day.
Someone had mentioned earlier a signing ceremony in VN followed by PR. If that's legit when is that supposed to take place?
I've been here since August 2018. Can anyone who's been here longer explain how Henry is pulling this off? Is PHIL a solid company that just was over extended or otherwise fell on hard times? Have prior revenues allowed Henry the clout I assume is necessary to be credible for the deals he's currently making in VN? I mean, how does he have these connections?
It looks like as recently as 4 years ago Sept 16 the pps was between .40 and .60...
Are we seriously headed there again? Has anyone EVER seen anything like this from a .0001 starting point???
$PHIL Also Happy Birthday Henry - and I wish you MANY MORE ;)
Also said in passing that Vinafilms revenues have been good after the partnership.
4177806661
So did Henry have the cc with Vinafilms and auditor yesterday?
I don't see anything.
I wonder who "some" of those shareholders are? LOL...
$PHIL Some of our shareholders suggest that we do a conference call after the 4th of July holiday. We’ll set up a time for the call next week and let our shareholders know beforehand. Have a most wonderful Independence Day celebration! Best regards and God bless!!
— PHI GROUP INC (@PHIGROUP) July 1, 2020
E Trade will also. I have Fidelity but set up an ETrade acct. last year just for PHIL.
What does this mean for us, if anything?
I had a partial fill today on a 1m share order. lol, that was unexpected.
Looking forward to the response. Thanks for sharing your info with this board as always.
You and Facts are the voice of reason. However I don't mind keeping the hope alive also, lol... Waiting for updates with no conversation is boring.
:)
I haven't found it. Also the addition of the new equipment. I don't know how to find out if any of this happened.
"In accordance with Vinafilms’ domestically audited annual report containing financial statements for the year ended December 31, 2017, it generated $25 million in revenues and $765,000 in EBITDA in 2017. It has recently installed a German state-of-the-art plastic film processing system and will add two more of these to meet the growing domestic and international demand for its products. Vinafilms also plans to enter a joint venture with a leading Vietnamese plastic bag manufacturing company with an aim to bring combined revenues to over $150 million per year by the end of 2019. PHI Group’s management believes the acquisition of Vinafilms, subject to the Company’s meeting compliance standards, should enable PHIL to qualify for an uplist to the Nasdaq Stock Market in the very near future."
"Vinafilms also plans to enter a joint venture with a leading Vietnamese plastic bag manufacturing company with an aim to bring combined revenues to over $150 million per year by the end of 2019. PHI Group’s management believes the acquisition of Vinafilms, subject to the Company’s meeting compliance standards, should enable PHIL to qualify for an uplist to the Nasdaq Stock Market in the very near future."
https://www.globenewswire.com/news-release/2018/10/10/1619434/0/en/PHI-Group-Closes-Acquisition-of-Vinafilms-JSC.html
Assuming the audit reveals good news for us. Any chatter on the value/revenue of Vinafilms we can look forward to?
Can PHIL even r/s while there's a dividend of APR shares promised based upon number of PHIL shares you hold? Seems like if anything would have to be after the APR share distribution if it was going to happen at all?
Thanks for the reminder...I never liked the tone of that r/s text.
My last 1's filled Friday 6/19. Got an order in today for a little bit more... we'll see.
He could have a cc tomorrow and it would still be 'before' he goes to VN. Do you think he's waiting to have something tangible to report?
Wow. That's not even funny, wtf?!
I appreciate it as well. Anyone care to speculate on possible pps we can look forward to, just for fun?
I think the last time PHIL was at .10 was back in Aug 17 / can we realistically expect that again in the near future?
Or maybe I should ask, what needs to happen to realize a .10 pps?
Friday news day?