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Educate yourself on 8-K's...
https://assets.contentstack.io/v3/assets/blt5775cc69c999c255/blt10e8972bfb5b32d8/faq-form-8-k.pdf
"What is Form 8-K?
Form 8-K is the form on which public companies report,
on a current basis, the occurrence of significant
corporate events. A reportable event is a transaction or
occurrence of major significance. Spending $60M is probably an "occurrence of major significance."
But your right there is no 8-K required if:
item 1.02 Termination of a Material Definitive
Agreement.
- No Form 8-K needs to be filed if the agreement, even if material, is terminated by
its terms.
So...if the deal falls through, we won't see an 8-K.
Deadline to seal the TTG deal.
Or...postpone as usual for Henry. We already got the late 10-K but that one was a given. Lets see how he does with the rest of this months commitments:
- Oct 4 the can gets kicked down the road on the TTG deal
- Oct 12 financials will show another huge loss.
- Oct 15 the VPD deal will get kicked down the road.
- Oct 22 There will be a special announcement at the shareholders meeting that will leave everybody with their mouths hanging open.
30M in volume and the price doesn't move.
I smell dilution. Guess we find out Friday.
No thanks. Already got my money.
I already made good money with this one. Would like to dump the last M and be done with it. I might jump back in the end of Oct when it's back to .0005 or lower.
Why can't Henry file on time?
Not a good look Henry to always file late. Other companies with $3B in the bank (LOL!) file on time. But...It does go along with the way PHIL operates. Late=never.
Meh..I did websites for a living.
It's a nice site... Big improvement. To many stock photos for my taste, but thats just me.
According to the link at the bottom of the page, Henry got the $200-$300 deal.
It's totally obvious if people look.
I have many lists of stocks I watch daily. Every single one has taken a hit. It's a sea of red. Go look at what all the blue chip stocks are doing...HUGE beat down across the board.
Maybe not. We'll see tomorrow.
Today was an absolute bloodbath across the whole stock market. Nothing but red everywhere. I think people are scared with whats going on in the world and are just bailing on playing the markets.
Henry doesn't usually dump without some kind of PR posted.
It's not. Check for yourself.
The O/S was last updated on Monday and it hadn't changed from the following week.
Everybody always screams dilution when these stinky pinkys go down. The ENTIRE OTC market is getting beat up bad today. Thats the real reason.
This is true.
But it doesn't mean you can't make money on it. I've done very good with this stock. I was lucky enough to be loaded up when it ran from.0001 to .09. Paid off my house with that one.
People need to understand that most of the companies that list on OTC are scams. Once you grip on that and watch the way the stock trades, you can make money. Buy low....sell high. It's not rocket science. Marrying a stinky pinky is a fools game. Take those profits!
The entire OTC market is getting hit.
I have a list of 60-70 OTC stocks I watch and all of them are red today. People want cash in their pockets right now. Too many crazy things happening in the world so people are leaving the casino.
I don't agree.
So until there is proof, it's just another one of Henrys lies. I'm not buying the huge loans because I know that nobody in their right mind would lend that kind of money to a company that loses millions every year and makes nothing and has no tangible assets.
I will go with the definition of what requires an 8-K to be filed though. If PHIL is awarded anything that has their name on it and it would have an impact on investors, it requires an 8-K. On or off PHIL books. No 8-K...didn't happen.
He's full of baloney.
Show me the 8-K that says Henry got money. Besides....Anybody that thinks PHIL is going to get loaned $7.5B needs to have their head checked.
No 8-k....didn't happen.
Please provide a link.
If you know...share. Thanks in advance.
And just so you know...I've done a TON of DD on PHIL. Maybe more then DJK. But where I'm different is that I look at both sides of the coin and don't gloss over the bad stuff.
There must be an 8-K regardless.
"The SEC requires companies to file an 8-K to announce significant events relevant to shareholders."
https://www.investopedia.com/terms/1/8-k.asp
Closing a deal would MOST DEFINITELY be a material event.
Henry screwed up big time this time.
He set several dates of when things would complete. He knows better then to do that. It's going to look really bad when those "commitments" get pushed out. Every single time he pushes something out it goes dark and we quit hearing about it and then it's something new. TTG will just be another forgotten deal in a few months because there is no way Henry is going to be able to come up with the $60M by Oct 4.
The more time that goes by, the more obvious it becomes that this is just another OTC pump and dump company. Henry is doing great...shareholders not so much..
O/S updated....
645,241,700 new shares added to the pile. Nahhhh...Henry isn't diluting...much. At todays price thats $709,765.87 in somebodies pocket.
But hey,hey...Henry just got that $3B dollar loan....right?
https://www.otcmarkets.com/stock/PHIL/security
I think most of us knew that.
But I'll bet a couple of the guys here pooped their pants and ran right over to ST to spread the good word. Funny....
Your right. It was a city/state project.
And it wasn't Vietnam.
We got lucky with the skatepark because WE raised half the money and the city matched what we raised. So we got to have a LOT of say who got the bid.
Can you imagine if Henry actually got the bid and made the same kind of promises he makes to us? Hopefully TTG will be a little more responsible and actually follow through.
I agree...but...
Do you really think Henry would be able to contain himself and not put out a dozen PR's saying: HEY LOOK!!! I FINISHED SOMETHING AND GOT MONEY...REALY THIS TIME.
As far as burying the money in subfunds/subcompanies go...sounds iffy and still Henry would crow like an old rooster if he got a loan approved for real.
DJK lost me and got chalked up as a fraud when he said he "had information but should let Henry say it." He also NEVER references SEC financials. Those SEC financials are the only way we know for sure what Henry is up to.
As far as bidding on big government projects, any body can get on the list. It's later where the wannabes get weeded out when they start taking actual bids and see if they can handle the job. I helped get a 1/2M$ skatepark built in the town i lived in and was part of the team that weeded out the wannabes. I was amazed at the people who actually wanted to bid on a job this big that had zero experience.
Thats an old video.
From Feb 2021.
Lots of maroons do. It's a DJK cult.
But the truth is: NO 8-K....DIDN'T HAPPEN! If Henry gets money, by law, there has to be an 8-K. If Henry spends big money, there has to be an 8-K. ANY material event that could affect shareholders HAS TO HAVE AN 8-K filed...PERIOD!
This is the only way to know if Henry is BSing us. It's ALL just talk until an 8-K is filed. Thats the law and Henry knows the law and won't risk another run in with FINRA or the SEC.
Wait till the end of Oct to buy.
I'm thinking there will be a HUGE sale then....50% off or more.
At least thats one thing he is good at.
Pretty predictable. Lets see who shows up on L2 to dump stocks into this new PR.
Heres what my crystal ball is saying:
- Oct 4 the can gets kicked down the road on the TTG deal
- Oct 12 financials will show another huge loss.
- Oct 15 the VPD deal will get kicked down the road.
- Oct 22 There will be a special announcement at the shareholders meeting that will leave everybody with their mouths hanging open.
Not true. Henry has lots of money!
It's PHIL thats flat broke. If you look at the financials you will see Henry is well paid to run PHIL. He gets stocks and is paid off books cash.
Henry D Fahman Chairman/CEO $1,137,715 Accrued and unpaid salaries $1,056,973 Loans from Officers and Directors
According to Wallmine he made $150,000 which isn't much for a CEO. Unless you consider the company actually lost $6,553,178 for the fiscal year ended June 30, 2021 and barely generated $5,000 in cash revenue, I'd say Henry does pretty good.
Thats the way these little penny stock companies roll. The CEO is always well paid but the company rarely generates revenue.
Thats the perfect definition of a Henry deal!
PetroVietnam Marine Shipyard JSC, PHI Group, Inc. and Tin Thanh Group all nodded in agreement. So...lets put out a press release and call it a done deal.
Will we ever see a dime from this? I doubt it. Have we EVER seen a dime from the multitude of amazing deals Henry has boasted about?
Given the last 8 years worth of financials...I'm going to have to say NO! End of October, we will know the truth.
Heres the truth so far:
Net income (loss):
The Company had a net loss of $6,553,178 for the fiscal year ended June 30, 2021
Net income (loss):
The Company had a net loss of $1,321,805 for the fiscal year ended June 30, 2020
Net income (loss):
The Company had a net loss of $2,929,661 for the fiscal year ended June 30, 2019
Net income (loss):
The Company had a net loss of $2,026,320 for the fiscal year ended June 30, 2018
Net income (loss):
The Company had a net loss of $1,560,718 for the fiscal year ended June 30, 2017
Net income (loss):
The Company had a net loss of $7,998 for the fiscal year ended June 30, 2016
Net income (loss):
The Company had a net loss of $1,368,915 for the fiscal year ended June 30, 2015
Net income (loss):
The Company had a net loss of $255,994 for the fiscal year ended June 30, 2014
Net income (loss):
The Company had a net loss of $884,047 for the fiscal year ended June 30, 2013
And POOF...just like that another MOU/LOI/Agreement.
This one looks so promising there isn't even any talk about how much we get out of the deal. But that makes sense....why quote numbers when they always come out the same....ZERO.
https://finance.yahoo.com/news/tin-thanh-group-phi-group-142100812.html
Which subsidiary is making money?
Thats the question you should ask. The answer is in the last financial report.
Out of those more then 30 subsidiaries ZERO make money. Who cares how many we have if they don't make us any money. Henry collects MOU's and LOI's like my grandma used to collect trading stamps. They make for great PR's and talking points to pump the SP.....but the financials tell the whole story about the PHIL "subsidiaries"
Share structure updated.
Looks like 470,000,000 converted from restricted shares to unrestricted shares.
https://www.otcmarkets.com/stock/PHIL/security
LOL! thanks for the chuckle.
I needed that this morning.
Vinafilms revs? Never, you will see the $20M vacation homes on Philand Ranch long before you see VF revs.
O/S updated.
Almost 1B new shares. Now why would Henry be dumping shares with the gazillion dollar loan coming? Thats almost $1.5M at the low for the week.
Come on...it's the OTC.
I've seen plenty of stocks run for zero reason. I think it's great, I made money today.
The PR today was no different then the last 3 PR's weve had. MOU's, LOI's or pledges of commitment. But NOT a done deal.
We got an 8-K for the Gold mine, KOTA and 5G as well as the bank loans. Even got one for kicking the buyback down the road and extending the KOTA deal.
So...why no 8-K for the tire company deal and this new loan proposal? Maybe we will see one next week?
Correct. No SEC filing = no real deal.
In the past Henry has filed the 8-K's the same day as the press release. If we don't see an 8-K by next week...well...you know the drill.
Lots of OTC duds to choose from.
I've owned plenty of them. Good money can be made on them, but you have to trade and not sit on them hoping for that "moon shot" which may or may not happen.
I agree with you on this retracing. Once reality on the this new PR sinks in. I'm mostly out right now but I'll jump back in when we get back into low trips again.
Your welcome, for what it's worth.
I have found it best to do my own research and draw my own conclusion. Ultimately it's your money and your investment.
Do your own DD.
My DD says Henry plays this game once a week or so and has for years. Sometimes the carrot works, sometimes not.. Todays PR means nothing. Until there is ink on the dotted line and a loan closes and deals are signed, sealed and delivered, this is just another pump that worked very well.
The people that have been with this one for a long time took profits today knowing the game. Yes, it could continue up next week, but unless something legit happens, it will go back down. But, thats just my opinion based on Henrys track record of completion.
I hope you guys took some profits today.
Very happy with 217% gain. Up 25% on the INND shares I bought yesterday too. Nice to be putting money in the bank again.
Smart move! I did the same thing.
I'll take 105% profit any day. Making money is the bottom line in OTC world. Sitting on shares hoping for miracles...not so much.