Lunch is for wimps.
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Henry thinks he can run a diamond exchange? This fool lied and destroyed a penny stock in 6 months!Nobody believes a word he says anymore so good luck finding buyers! Still waiting on that dividend too!
$PHIL
Henry should be removed as CEO , He has not proven anything!!!
Let's do it .. Should I hire my own crew to do the job or what?
This is gonna get good..Jmho ..stay tuned!
$VRUS
I will give a call over an find out when Investor Relations confirmed .. I will let you all know..You can ask all you want then
Henry theme song to shareholders :
Now this is going to be fun..Hit 1 or push 2 .. we will see
Do your own homework .I did mine..
Sometimes I question to even post here..I have spoken with management, I am confident of the ability and talent . . I'm just trying to help.. I expect we get the Investor relations soon..Then you can all ask whatever you like.. over and out!g/l
$UBID
I'm not guessing.. I know THIS IS A RE-LAUNCH OF A MULTI MILLION DOLLAR COMPANY.. I hope that's clear enough..
$UBID
Wait till the shorts cover this is gonna move fast..jmho
Hey Henry..I guess shareholders need to wait to hear about your "BIG INVESTOR"..
Seems that they could be using cash raised in warrants ..jmho.. but that's what it looks like..
pg 62 is warrants to purchase ~ {00238995-2 }NEITHER THIS SECURITY NOR THE SECURITIES AS TO WHICH THIS SECURITY MAY BE EXERCISED HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT,THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY. THIS SECURITY AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.COMMONSTOCK PURCHASE WARRANT UBID HOLDINGS, INC.5,000,000 Warrant Shares: Date of Issuance: March08,2019(“Issuance Date”)This COMMON STOCK PURCHASE WARRANT (this“Warrant”) certifies that, for value received,ER Opportunity Fund, LP(the “Holder”),is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date of issuance hereoffor the Exercise Period (defined below), to purchase from uBid Holdings, Inc. (the “Company”)5,000,000shares of Common Stock (as defined below) (the “Warrant Shares”) (whereby such number may be adjusted from time to time pursuant to the terms and conditions of this Warrant)at the Exercise Price per share then in effect. This Warrant is issued in connection with the conversion of $132,000in principal and accrued but unpaid interest of six convertible notes issued by the Company which are held bythe Holder.For purposes of this Warrant, the term “Exercise Price” shall mean $0.05 for the Warrant Shares, subject to adjustment as provided herein (including but not limited to cashless exercise), and the term“Exercise Period” shall mean the period commencing on the Issuance Date and ending on 5:00 p.m. eastern standard time on the..ect ect ect....
Not sure why josh...could be they are still organizing ..it's a slow process but I think they are on track..I might give a call over to see where we are at.. I'll let the board know here either way..I'm not really concerned, We have a top notch management .. Understand they are not just merging this company ..they are rebranding the company and they are going though a major overhaul.. $UBID is going to be lean, clean, and mean..be glad you own these shares..jmho
Henry needs to understand shareholders want to see RESULTS ! NO B.S!
Interesting points Henry said :
1. Focused on Diamond Exchange
2.> connection in U.K
3.>Dividend in May
4... all jmho.. but Henry might have better news than he can say.. just my take on the c.c
why bother with c.c he clearly made these point in last c.c the difference was the acceptance he made a week ago that he seems very happy about,in terms with the diamond exchange ..
Again Jmho ..Henry has a big desire for this deal to go.
there is some hope
good news the pps can't go much lower..
I don't think that's an issue here ..Right now I think they are incorporating ..Just a guess I think we are waiting on Investors relations..all jmho but hey.. Read pg 62 https://backend.otcmarkets.com/otcapi/company/financial-report/215042/content
Not sure if IR is set up yet but seems things are coming together ..Website a good starter ..
* Shareholder Conference Call Scheduled April 2, 2019
New York, March 26, 2019 (GLOBE NEWSWIRE) -- PHI Group, Inc. (www.phiglobal.com) (OTCMarkets: PHIL), a U.S. diversified holding company focused on mergers and acquisitions and investments in select industries and special situations, today filed Form 8-K with the Securities and Exchange Commission to report its stock repurchase program (Form 8-K).
The Company will buy back its common stock from the open market from time to time in accordance with the following terms:
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: 5.3 billion shares, or more as may be needed.
c. Total repurchase amount: To be determined by prevalent market prices at times of transaction.
d. Method of repurchase: Open market purchase.
e. Repurchase period: April 15, 2019 to March 13, 2020.
3. Remarks:
a. PHI Group, Inc. will fund the proposed share repurchase program with the proceeds from the disposal of a portion of certain non-core assets and from future earnings of the Company.
b. The share repurchase program will be in full compliance with state and federal laws and certain covenants with the Company's note-holders.
On another note, as mentioned earlier and contrary to some previous rumors and speculations, the Company will not effectuate a reverse split of its stock.
Henry Fahman, Chairman and CEO of PHI Group, reiterated: "The Company has been primarily focused on developing some very special initiatives and programs, such as the Luxembourg bank funds and the Asia Diamond Exchange in the Free Trade Zone of the Chu Lai Open Economic Zone, Vietnam, that are expected to yield substantial long-term value for our shareholders. We believe it is in the best interest of the company and our shareholders that we repurchase as many shares of our common stock as possible from the open market as outlined in the above-mentioned buy-back program."
Henry Fahman will host a conference call for shareholders and investors at 4:30 P.M. EST Tuesday April 2, 2019 to discuss additional updates and new developments of the Company.
To participate in the conference call, please note:
Topic: Conference Call Apr 2, 2019
Time: Apr 2, 20194:30 PM Eastern Time (US and Canada)
Join Zoom Meeting
https://zoom.us/j/4049347924
One tap mobile
+16465588656; 4049347924# US (New York)
+17207072699; 4049347924# US
Dial by your location
+1 646 558 8656 US (New York)
+1 720 707 2699 US
Meeting ID: 404 934 7924
Find your local number: https://zoom.us/u/ab5UcLQxh
About PHI Group
PHI Group (www.phiglobal.com) primarily focuses on mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value. In addition, the Company's wholly owned subsidiary, PHI Capital Holdings, Inc. (www.phicapitalholdings.com) provides M&A consulting services and assists companies to go public and access international capital markets. We have also been working diligently to launch PHILUX Global Funds with several subfund compartments for investment in renewable energy, agriculture, real estate and a diamond exchange center in Vietnam together with reputable international advisers and partners.
Safe Harbor Act and Forward-looking Statements
This news release contains "forward-looking statements" pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected," which are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors.
Contact:
PHI Group, Inc.
+1-702-475-5430
info@phiglobal.com
Source: PHI Group, Inc.
This article appears in: News Headlines
Annual Report - Annual Report for the period ending December 31, 201804/01/2019
https://backend.otcmarkets.com/otcapi/company/financial-report/215042/content
Yeah dump 25 billion and buyback 5 billion = turd!
$PHIL
God forbid..Henry has done shareholders wrong and has lots of explaining to do.. If the S.O.B says greetings for Vietnam like nothing is wrong here.. I may just hang up the phone!
$PHIL
Bout time we hear some News .How hard can it be to get this job done.. Like pulling teeth!
$SGDH
I agree Henry has Zero credibility so anything he says is B.S.. I can't wait to hear today's promises or LIES..Like I have said He's either dumb or just misguided ..
$PHIL
I can't wait to hear Henry's latest.. better be good!
$PHIL
Get ready $VRUS is churning to tackle the 2's ..Heard it here first!
Great Week Here $VRUS ..Very strong close.. Moving higher Monday.. Enjoy your weekend ..
I hope the C.C is not Henry sniffing for another 1/2 hour.. He better have some real news.. Not his fluffy B.S . What about the dividend? Hey Henry ... I guess you found out FINRA will not allow dividend while you dilute the stock! This CEO is a total LIAR or just plain stupid.. either way..Nobody believes anything he says!
$PHIL
Locked and Loaded here.. I'm not going anywhere!
$VRUS
I agree ..something big is brewing here..much bigger than most people would think..$VRUS has already proven they are working on big projects.. this could be new projects or finalizing others.. jmho
This is still way undervalued ..again jmho
Real question : What's the Next News ? My guess it's something off this list :
On a forward basis, the Company would like to provide the following update:
Verus has its largest funded backlog in Company history, currently at $24 million for delivery over the next 12 months
The Company’s unfunded backlog continues to be very large, but management has elected to discontinue publishing this estimate pending additional trade or working capital financing
All of the announced orders to date, along with orders under negotiation, are reported at base rates, with the potential for considerable expansion
The Company is in very late stage talks with commercial sources of credit to unlock a portion of the unfunded backlog
In terms of potential mergers and acquisitions, Verus is conducting due diligence on eight candidates and is moving forward on several of these companies. Two of these negotiations are at the final negotiation stage. It is not possible to say how many of these candidates will become operating subsidiaries until final contracts are completed.
In response to numerous investor questions, the Company does not have a reverse split planned at this time, but intends to grow organically to reach the necessary market cap level required for an uplisting to a major exchange
Verus continues to aim for an uplisting during calendar year 2019
“We have decided not to conduct a traditional earnings call this quarter, but will resume that practice next quarter when our financials return to a more normal spacing. Quite frankly, I have so many projects at critical phases, that I want to get these across the finish line as quickly as possible,” said CEO Bhatnagar. “I am currently working on M&A, new orders, and commercial credit arrangements for new business both overseas and, for the first time, here in the U.S.”
“In terms of the just reported quarter, investors should note that costs surrounding the recap were extraordinarily high and those expenses will normalize in the next quarter, making for some dramatic decreases on some of the expense lines. Because of that, we expect to begin generating an operating profit in future quarters, with bottom line profitability coming as well. In terms of calendar year 2019, our growth rate will continue to accelerate in each successive quarter as we layer on additional business. Based on our discussions with new sources of growth, we also anticipate significant product line and geographic expansion during 2019, with the potential to enter new countries and add higher margin consumer product categories. This is shaping up to be a watershed year for Verus.”
Interested investors are reminded to watch for product updates on the official Twitter feed @Verus_Foods.
https://finance.yahoo.com/news/verus-international-inc-reports-145-213000477.html
$VRUS
Kind of obvious anyone selling will not be getting their shares back.. Enjoy ..Know what you own.. "Verus has its largest funded backlog in Company history, currently at $24 million for delivery over the next 12 months"
https://finance.yahoo.com/news/verus-international-inc-reports-145-213000477.html
NUFF SAID!!!
$VRUS
Just profit takers ..Sellers Remorse soon.. $VRUS should be well over 2 cents ..jmho.. what the hell they only making 2 million a month...
"Quite frankly, I have so many projects at critical phases, that I want to get these across the finish line as quickly as possible,” said CEO Bhatnagar. “I am currently working on M&A, new orders, and commercial credit arrangements for new business both overseas and, for the first time, here in the U.S.”
https://finance.yahoo.com/news/verus-international-inc-reports-145-213000477.html
$VRUS
$VRUS ~ Know what you own !!!!
On a forward basis, the Company would like to provide the following update:
Verus has its largest funded backlog in Company history, currently at $24 million for delivery over the next 12 months
The Company’s unfunded backlog continues to be very large, but management has elected to discontinue publishing this estimate pending additional trade or working capital financing
All of the announced orders to date, along with orders under negotiation, are reported at base rates, with the potential for considerable expansion
The Company is in very late stage talks with commercial sources of credit to unlock a portion of the unfunded backlog
In terms of potential mergers and acquisitions, Verus is conducting due diligence on eight candidates and is moving forward on several of these companies. Two of these negotiations are at the final negotiation stage. It is not possible to say how many of these candidates will become operating subsidiaries until final contracts are completed.
In response to numerous investor questions, the Company does not have a reverse split planned at this time, but intends to grow organically to reach the necessary market cap level required for an uplisting to a major exchange
Verus continues to aim for an uplisting during calendar year 2019
“We have decided not to conduct a traditional earnings call this quarter, but will resume that practice next quarter when our financials return to a more normal spacing. Quite frankly, I have so many projects at critical phases, that I want to get these across the finish line as quickly as possible,” said CEO Bhatnagar. “I am currently working on M&A, new orders, and commercial credit arrangements for new business both overseas and, for the first time, here in the U.S.”
“In terms of the just reported quarter, investors should note that costs surrounding the recap were extraordinarily high and those expenses will normalize in the next quarter, making for some dramatic decreases on some of the expense lines. Because of that, we expect to begin generating an operating profit in future quarters, with bottom line profitability coming as well. In terms of calendar year 2019, our growth rate will continue to accelerate in each successive quarter as we layer on additional business. Based on our discussions with new sources of growth, we also anticipate significant product line and geographic expansion during 2019, with the potential to enter new countries and add higher margin consumer product categories. This is shaping up to be a watershed year for Verus.”
https://finance.yahoo.com/news/verus-international-inc-reports-145-213000477.html
Verus continues to aim for an uplisting during calendar year 2019
“We have decided not to conduct a traditional earnings call this quarter, but will resume that practice next quarter when our financials return to a more normal spacing. Quite frankly, I have so many projects at critical phases, that I want to get these across the finish line as quickly as possible,” said CEO Bhatnagar. “I am currently working on M&A, new orders, and commercial credit arrangements for new business both overseas and, for the first time, here in the U.S.”
$VRUS
https://finance.yahoo.com/news/verus-international-inc-reports-145-213000477.html
What else is there to say...
Beer Hall is closed..Time for the Champagne Room .. $VRUS
2 CENTS or more.. Today or Morning tomorrow... watch..$VRUS VERY STRONG.. jmho