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I have been interested in this company for a while. Despite all of the positive info on the management team, the recent acquisitions, etc..., investors do not seem to be overly excited with this stock. Am I missing something? No, I am not asking anyone to do my DD for me, but I have went through everything that I can possibly find. Thanks!
I may be totally reading the tweets wrong, but based on past tweets/posted messages on here by Henry, his typing errors would lead me to believe that “have” scheduled the activation of the fund this Friday should read “were scheduled” to activate the fund this Friday. Based on all other posts, texts, info, etc..., it appears to point to everything being put on hold till after the first of the year. I hope not, but that is what appears to be the case. If there is no news this week, it would seem to confirm that fact.
Has Henry and other sources gone totally silent or has anyone heard anything more recent than Mini’s info of the type of diamond exchange being set up? I know there was some original expectations that there would be additional information about fund activation this week.
So, fund activation news may still be coming next week, or are we now waiting for January? Welcome back Mini! I hope they let you stay.
Sorry, MRBags
Yes, the responses to wiltonweather by Henry are concerning but not overly unexpected. If the change in partners pushes the activation of the fund back to the point that the December 31st HoSE Diamond Index review is not possible for us to be in, January filings would make sense if we need to be at or close to a 215 million dollar market cap when the filings are posted. Without the new filings reflecting this, then March’s review date would then be lost as well. I am not sure if it was Djkk, Diversified, or who that posted that pink slip filings have way more leniency than other stocks (not sure if January falls within that leniency, but let’s hope) If Henry has truly bet everything on this fund and then diamond index/exchange (and I assume the completion of the Vinafilms audit to add to the market cap value to help get on the index), then he is waiting and hoping like the rest of us investors. Yes, a CEO hoping and trying to show confidence is a scary thought, but this seems to still be a 50/50 shot which is WAY better than most pinky stocks taking into consideration the extent this one could blow up if actions are completed.. Let’s just hope the SEC has bigger fish to fry through the month of January, Mini’s source is correct regarding news next week, and all investors benefit in the end! Go PHIL!
Mini, I hope our hypothesis is correct, and the completion is on track. We will see soon.
Yes, I accidentally used there instead of their in a long post. I apologize for the error up front.
Every post/speculation that I have posted has been based on recent texts from Henry, Mini’s source, those posted by facts, etc... At no point did I state that anyone should hold them to be true. This is a “Discussion” board and not a “Facts” board since none of us work for PHIL. Facts are indeed important. If you state that you have a fact, post the screen shot. However, it makes more sense to discuss potential moves that PHIL/Henry may be making and what they may mean for us than it does to just continually say Henry and PHIL suck. That does not get anyone there money back or convince anyone to invest and help get that money back. I am basing my perspective based on current information with a side of skepticism from the past. GLTA! GO PHIL!
If Mini’s source is correct and news about fund activation and filings is set for next week, we should have a good idea if not given late Friday. However, if March is the target, next week would just be a bonus that would give us more time to meet all requirements. GO PHIL!!!!
It will honestly be based on how high the market value actually gets, market expectations of potential future revenues, etc... How large of a position do we hope to hold in the diamond exchange endeavor, do the new partners instantly get us to 215 million market value, or is there work still to be done will be important as well.Yes, you could technically determine what the PPS should be at 215 million, but that will not give you an initial idea of actually where the PPS will go. For example, weed stocks were over valued for months and have now come back down to realistic expectations. The initial run may be the best PPS or just the beginning.
I am sure that it is pure coincidence that the buyback is supposed to be completed by March as well. Let’s just hope it all comes together.
That is why I assume we are working hard now to get the fund activated this month so that we can get everything together to apply for trading status on the HoSE in time to meet the criteria for the March review. I hope the “I don’t know how the market will react” is in relation to the March review date as opposed to the December review date. We will see! GO PHIL!
Especially considering that I would assume the most recent filings would have to validate the 215 dollar market value for it to count when reviewed for the diamond index.
Mini, based on the delay, I can see the filings moving ahead of the diamond index in order to stay current now that the December 31st review date for the index is out of reach. However, the logic still seems sound that the fund and PHIL assets combined are set to bring the company up to a 215 million US dollar market value. Is there any indication that this is not the case considering Henry and your source both stated many times a month or so back that those two items were the company’s priority? Thanks!
Let’s contemplate this scenario . We know that in order to be considered for the new HoSE diamond index we would have to be already on the VNALLSHARE index or other, multiple criteria have to be met to be considered for the new index. We know via Mini’s source and a few other supposed texts that the activation of the fund and the diamond index (and then filings and buyback/not source or otherwise verified) (only text stating billions would need to be bought back were provided, but not one gave a verified timeframe where it was specified that the fund and index were still not the top priority) WERE the order of priority. We know 100% that any company not currently on the VNALLSHARE index must have a market cap of a minimum of 215 million US dollars to be considered for the new index. If those are the correct priorities (which I have seen nothing to contradict), it would stand to reason that the activation of the fund either through the amount in the fund or a combination of the fund and an expected increase in PPS would put the market value of PHIL above 215 million dollars. Also, with the time constraints involved, it would be hard to believe that there would be any reliance on the PPS due to the volatility of the market and the sheer number of shares outstanding prior to any buyback. So, unless we are totally being scammed (which is always possible with penny stocks), what points to anything other than the fund being valued at a minimum of 215 million US dollars. Sorry, I am just trying to use and evaluate what we have heard in the last few months and not the last few years. I know it is hard to separate the two. Minni, your source has been verified to have pertinent knowledge whether he can divulge the actual news or not. The dates of upcoming news is vital none the less. Facts, all of your request have brought potential news (true or not) and multiple tweets from Henry. I know you both may not see eye to eye, but keep up the good work! GLTA! GO PHIL!!!’
So far, I expect one of four responses in the near future by Henry/Phil (by Christmas). 1) (the one I hope for) Our backup partners have come through quickly and the fund has been activated (filings being a bonus and an amount of 100s of millions of US dollars), 2) Our backup partners are working hard on short notice to meet their obligations, and we will back to you soon with a planned fund activation date (short-term kicking the can down the road), 3) Our next opportunity to get on the new diamond index will be after the review in March 2020. We are working hard to activate the fund, post current filings, and get on the index. (Long-term kicking the can down the road), and 4) There is no response at all ultimately confirming the end has come. Let’s all hope for the best! GO PHIL!!!!
You would assume the fund must be substantial considering they are rushing to get on the new diamond index that requires a company to have a minimum market value of 215 million US dollars.
It was a post in roughly October to the best of my memory.
There was a post from someone who paid to see the fund. He/she stated that there was an astronomical amount of money in it, but they would not give the amount since he/she had to pay for it and nobody else had.
Thanks!
Anyone know the bid and ask at the end of the day now that the delay was announced? Thanks!
Gold9897, if you are replying to my post concerning the new diamond index, thanks for the Q2 2020 info. That would make sense. That would be the reason why there is a legitimate rush to activate the fund so that there would be time time get things done in order to file early enough to meet the HoSE trading day requirements prior to review. Thanks again!
The information states that the index will start at an unknown date. However, once it does, the review dates will be the last day of March, June, September, and December each year.
Mini, nice scoop on the news. I was wondering if you had any info on how we can still be eligible for the new HoSE diamond index by December 31st? The criteria states that the company has to already be included in the VNALLSHARE INDEX or be trading for 20 consecutive days on the HoSE prior to the review date. If December 31 is truly the review date, are we trading or involved in either. I cannot find anything stating the specific date for the first review. I only see at what dates during the year in will be re-evaluated. Maybe the initial review will be in March and not in December. I am not sure. Thanks for any insights you may have on the subject!
Can anyone clarify for sure if both the fund activation and the CC are postponed or if the fund activation is a go for Friday and just the CC is being postponed? Thanks!
52712, you have had some pretty solid info on some occasions. Are you saying that a conference call/ news the 16th/17th is now debunked, and it will be January before news? If so, what is the source of the change, and can you divulge the reason n behind it? Thanks!!!!
I thought their was a conference call/major news coming the 16th/no later than the 17th. What has changed?
So, we are saying the work should be done by Friday and news Monday from a press conference, or are we saying news will post Friday?
Nobody really likes to make predictions. However, not including the buyback, where does the activation of the fund alone drive the PPS?
Thanks Facts. As always, you keep it legit and straight and that counts. Go Phil! Let’s hope Monday or Tuesday has huge news instead of another delay!
LOL, hoping for the best, but that is definitely funny! It’s a moving target indeed. Friday, Monday, the 13th, the 17th. I will take any of the above. More certainty would be nice though.
By next Tuesday, I assume he is referring to the 17th. A waiting game it is!
Thanks mini! I am just trying to put it all together with everything that has been going on so quickly. I hope Monday is it for the partner and then the fund right after. Still trying to determine the buyback issue. I have not seen any post stating Henry has said the buyback will begin because of the activation of the fund. I am hoping like everyone else though, but that seems to be on the back burner until the fund and diamond exchange/listing on the diamond index are achieved.
Okay, originally we were hoping the partner would come through by the 13th. Then, it was this past Friday and now Monday. I will take any of the above! I just wish we knew how reliable the partner is and how confident we should be given the fact that he was suppose to come through prior to Thanksgiving. I know things happen when this type of money is involved. Also, I know there is a lot of speculation about when the buyback may occur or if it has already started (for real and not the March original date). Am I correct that there has been no clear cut communication from Henry that the activation of the fund (which honestly is the most important factor for now) will have any direct connection with the buyback itself? I know it cannot occur till it is activated, but I have not heard anything that I can remember involving the assets of the fund being used for the buyback. Go PHIL and good evening all FUTURE MILLIONAIRES!!!!
Does anyone have any information on what to guy is suppose to be coming through on/with and how it effects the activation of the fund?
Yes, thanks Mini. Truthful or not, at least you got us some sort of time frame!
Mightymite45 I have the same question. What could a strategic partner have to do that would effect the activation of the RAIF fund. Yes, I agree that this is a straight up gamble, but gambling does not involve playing a blackjack hand and then having the dealer change his mind and decide to play Caribbean Stud instead. Just be straight with everyone for better or worse. We can handle disappointment, delay, etc... as long as the official explanation does not sound like it is BS. Also, why would you provide answers/information to a select few when it benefits your position and ignore others with legitimate issues. I am still hoping for the best. Go PHIL!!!!
1) If this is truly the case, send a Twitter or other message stating that Phi Group has met their obligations for fund activation and are waiting on a strategic partner to come through on their end. 2) What the partner has to complete and a proposed time frame would be even more significant. 3) The most significant information would be to state why they have any control over the fund Phi Group manages. Investors can take bad news, but they can’t entertain the no news and coded/guarded messages to a select few.
Why would you go all the way to Luxembourg to activate the fund if you knew a partner had not yet me their first obligation? Also, what obligation. When an investor paid to verify the tons of money in the fund already, why does this partner have anything that can stop the activation?