From latest 10-q report below is I assume in reference to todays news:

INVESTMENT AGREEMENT WITH GRIDLINE COMMUNICATIONS, INC.

On December 15, 2017, PHI Group, Inc. entered into an Investment Agreement with Gridline Communications, Inc. (“Gridline”) to form a special purpose vehicle (“SPV”) under the name of Matrix Communications, Inc., as the holding company to acquire all the stock of Gridline Communications and its sister company GridlineX as well as finance and implement Gridline’s high-speed broadband communications business.

According to the Investment Agreement, the Matrix Communications will acquire all ownership and rights of the Investee in connection with high-speed broadband networks and related supporting assets to serve government, commercial and consumer telephony, data and video needs in the Republic of Equatorial Guinea as the first point of entry into the African Continent. Matrix Communications’ authorized capital will include 600 million shares of Common Stock and 300 million shares of Preferred Stock. PHI Group will be the sole holder of Common Stock in the SPV initially and will retain fifteen percent equity interest thereof following the capitalization plan. This transaction has not closed as of the date of this report.

OK, I have a question. How does the token sales relate to the bottom line on their next earnings. Does it count as sales and most of it would shake out to the bottom line as significant earnings per share, or is it amortized or some other accounting method and does not flow to the bottom line as earnings. Any of you accounting gurus that could explain this to me in layman’s terms so I might understand would be much appreciated.
Thanks,

What's up with this? Are they working on some publicity?

I wonder if you would be kind enough to provide a length to that data. I have tired, but can't seem to find it.

Thanks in advance

So let me see if I understand the current position. If one wants a part of the GILDEX ICO, one must buy PHIL shares not later than 31 May 2018 as this ICO is a part of APR which is being spun off as dividend to shareholders. Based on it being weeks before more news on the ICO, it is likely the ICO will not happen until after 31 May 2018 and will be in the APR spinoff.

If the CEO can be trusted, he indicates the GILDEX ICO could be worth 1 billion in net worth to the company, but if I understand correctly it belongs to APR. That being the case, the APR IPO could be worth 1 billion.

Looks like the IPO for APR will be about 20 million shares, so if valued at one billion equals 50 bucks a share and equates to PHIL shares being valued at 10 bucks a share. So if one discount say 90% for potential risks to wait many months and it may or may not happen, one would think PHIL is worth at least 1 dollar a share at this point.

Hummm, cannot be, I have never had that kind of luck in the stock market. Guess I must be way off somewhere.

Yes

1,000k at 1.70

Thanks, you seem to have the correct view on this. I feel the next earnings report will be a key point on the next big move as it should be strongest earnings so far. A bit disappointed to have to wait until end of March.

Any idea when next earnings will be reported?

Q4 earnings are expected to be announced after market hours on 2/6/18, Estimates: 0.510 | 0.438 | 0.400 (High | Mean | Low), based on information from Etrade

lets hope they exceed the high end estimate of 0.51, oh boy!

Me too. I hope for a share price gain in addition.

47 cents Gaap, $1.61 NonGaap based on my memory. If next quarter follows trend, this should move much higher.

I agree. Plan to increase my holdings.

Does anyone have any comments about the reported (after market close on Friday) 8K filing for the “designation of a new series of preferred stock, the Series G Convertible Preferred Stock, out of its available “blank check preferred stock” and authorized the issuance of up to 1,780 shares of the Series G Convertible Preferred Stock”.

I wonder what the purpose is to designate this new series of preferred stock?

Also, as I recall they had reported back in February of 2017 starting efforts to up list to the NASDAQ. Anyone have information on what the expected time frame might be to complete this action?

I have a problem with getting error message “This page cannot be displayed” dozens of times a day while using IHUB. I am using Internet Explorer 11, windows 8.1 (note same problem using google chrome). I have spent hours upon hours researching solutions and changed every setting recommended as a possible fix. I will note, it happens when I am using IHUB and pause for more than 15 seconds on a page and then click to go to another page.

Anyone experiencing the same issue and if so any magic solutions?

Any help is much appreciated.

Thanks

See Last 10-Q page F-25 for change of tranfer agent verbage.

"Effective November 14th, 2012, we appointed VStock Transfer as our transfer agent."

Informative Video of Gerald Commissiong presentation at Onemedplace earlier this year. Provides data on net present value of MANF of 40 mil. I would imagine, based on current data, this number is signficantly higher, IMO.

http://www.onemedplace.com/database/list/cid/13336

If someone knows of a stock at a better entry point, I'm all ears.

To quiet, lets hear some opinions on the action today.

I have been accumulating shares based on the news they put out last Dec and the recent action on STTN. Anyone been in contract on a regular basis with the company?

I can't help but wonder why we don't have more volume. If there was news coming soon, seems to me, the insiders would be pushing the volume up. Maybe they just like to wait to the last minute.

Without a doubt, management has shown they know how to move their stock up based on STTN. I wonder what their plan is for APRO as to time frames?

Thanks to all that have provided information here. I like to read posts that have substance to them.

Good luck to all longs!

:)