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While I appreciate the enthusiasm, you are intertwining profit/revenue/net revenue.
The revenue from VF (when the audit concludes) may well be 90M in 2021, but there is no way that will be the profit. So take out expenses/taxes/etc and the number of actual profit will be much lower. With that said, it is unrealistic to believe that VF profits will be able to be used immediately for purchase of companies or buyback.
The VF profit/future profit could certainly be leveraged to purchase KOTA/5G, but not an outright purchase, and certainly not for a buyback.
The only real solution is getting financing at this point.
That's what I thought.
Also, it's relevancy, not relavatancy.
Well as stated it WAS light humor, however now I implore you to show me where Henry said "at the beginning of next business week."
You're just assuming he meant "business week" and are putting words in Henry's mouth. Shameful.
Ummmm...no. Thursday at noon would be mid-week.
Monday, Tuesday, Wednesday
Thursday <---Mid-Week
Friday, Saturday, Sunday
But this was meant as light humor anyway, so it doesn't really matter.
Well there are 7 days in a week so it's still early if you include Saturday and Sunday...
And it looks like that was when a 25M avg trade came through. Wouldn't that be great if it was the end of this current dilution!?
Guess we'll see tomorrow.
It's just Harry reincarnated.
Yes, but...this description from that website is key. Networking, one on one meetings, etc, for business is not a 'nothing burger'. It's how stuff gets done.
"CTMs bring representatives of U.S. companies into contact with potential agents, distributors, joint venture partners, licensees, local businesses, and government contacts.
CTMs typically include the following:
one-on-one business appointments
market briefings
networking receptions
selective sessions on local business practices, site visits, or seminars"
Yes, thank you.
I didn't say he was going to do business either. And it could be Boston, or France, or wherever. It could be a layover anywhere. My point is you don't know his itinerary.
All the tweet says is that he's boarding A plane and will be in Dubai next week.
I understanding the frustration, especially with money on the line and being lost right now, but all that can be done is wait and see...or sell.
Also, as goldstandard keeps saying, we aren't going anywhere until this round of dilution is finally over anyway.
You're assuming he is flying to Dubai right now. He just said he would be in Dubai/Abu Dhabi next week.
He would likely have to stop in NY, so who's to say he's not flying to NY right now and then onto Dubai tomorrow or Sunday?
Too many variables to say he's lying and there's no flights right now.
This is déjá vu from last year during the spring when we sat in the .0025-.0028 range for a while until dilution stopped and then we took off.
Interestingly enough, JANE and PAUL moved up. Not sure that means anything right now, but we'll see.
Yeah, that's my point. You won't be getting your money back by pumpers because no one believes them anymore. Only way you get your money back is if some of the stuff being worked on actually comes to fruition. And if that actually happens then you would get more than your money back.
Only good thing is that if it raises up enough for some to get their money back then it will be for legitimate reasons, not pumping. And at that point my guess is no one will be selling just to get their money back since it would be real movement upward, not because of the 'possibility of things.'
The pumping doesn't work anymore as no one believes the positive info without tangible, real progress. So unless you're planning on getting out in the upper 20's, I wouldn't count on any pump getting you out of this.
On the bright side, if this does shoot up substantially it's not because of some pump, it's because there will have been real, substantial information released and should continue to build from there.
I guess another reasoning for the offering price is that they are expecting the SP to be that or more by the time the offering is qualified.
Seems far-fetched at this point, but again, who knows?
Yes, the SEC has to qualify the offering, and this usually takes AT LEAST 90 days with rounds of comments.
Just FYI, part of the qualifying is passing a "bad actor" check to make sure it is not a scam. A Reg A offer is also not cheap...say 50k-100k.
As for the pricing and why someone would take this over open market, the only reason I can really come up with is international investors. Since it's an unregistered offering, international investors and banks wouldn't have to jump through as many hoops.
But as with PHIL and Henry, who really knows?!
Until official items are released and explained nobody has any clue.
Things that people thought would raise SP didn't do anything. And the same goes for things people say would cause a dump in SP.
Restricted shares decreased by over 71,000,000.
Unrestricted increased by 736,119,324.
Not good unless we find out it was for closing the outstanding acquisitions.
Yeah, no. I don't see any dilution at that time or any other today so far.
I didn't see any avg. trades today, you?
Mid-May would be the next Q for the period ending this month.
On a somewhat good note, Glink (PHIL owns 43%) filed their annual report this past week and show minimal revenue...
https://www.otcmarkets.com/otcapi/company/financial-report/322720/content
So yay us! Also, looks like they should be fully compliant on OTC Markets soon as well.
Remember, Henry has 4 business days to put out an 8K from anything material happening. Not that he has to wait, but that would put a deadline of Wed/Thurs next week if anything happened with KOTA.
Right?! And thats keeping Vinafilms, APR, and some of the other items out of it.
I think you need to re-read my post. If KOTA and/or ADE and/or loans and/or 5G do not get off the ground, yes, this stock and company will be done.
Anybody would be extremely naive to think otherwise.
It's low(er) priority because the BB won't happen without any of the other stuff happening first. If the other stuff doesn't happen this whole thing is dead.
Dilution isn't always bad if it leads to solid acquisitions and ultimately revenue. Time will tell.
Many successful companies have shelled out shares in the build phase. Unless you have money to begin with, payment and collateral will come from shares and equity. It's what happens with what the shares are ultimately being used to pay for that matters...
Henry has said multiple times that dilution would likely be necessary to get out of this phase.
Again, time will tell. And there isn't much time left with the deadlines.
SGN is the airport code for Tan Son Nhat International Airport in Ho Chi Minh City.
Look, I'm no Henry apologist and have been around for over a year now. I feel for those who bought in high thinking it was headed north for awhile. We were all riding high last June. There have been delays, pivots, overpromises, and frustrations galore but Henry has always, at the very least, communicated and been open about the direction of the company and his frustrations as well.
I'll say it again and leave it at this, we should find out what we all truly have here in the next few weeks. If he somehow finds a way to kick these contracts down the road it's likely over, or if the deals fall through, it's definitely over.
BUT if he does end up coming through...sky's the limit.
Lack of integrity?
What other CEO actually tells the shareholders that dilution is likely before it actually happens? Most of the time it's just dumped on the shareholders.
Anyone buying in right now or that hasn't sold should not be surprised at all of the dilution. Henry mentioned it would likely be needed to get through this phase and has openly said multiple times that this will be highly volatile and that if you're looking to get rich quick NOT to invest.
So anybody that ignored that advice FROM THE CEO and decided they were going to get rich quick anyway has no one to blame but themselves.
This period sucks, no sense in sugar coating it, but things are coming to a head and some of the open contract items are going to get very hard to kick down the road. They will either be done or not and everyone will have their answer over the next month or so.
A few excerpts from the KOTA agreement that lead me to believe that if the contract were to be cancelled they would have already done so. At this point with PHIL, who really knows though...
4.11 Financial Ability. Within fifteen (15) days after the Effective Date, PHIL will obtain written binding commitments (the “Funding Commitments”) from third party financing sources to provide PHIL with the amounts of financing sufficient to fund the total amount of the Purchase Price at Closing and to otherwise perform its obligations with respect to the transactions contemplated by this Agreement (the “Financing”). The Funding Commitments will be in full force and effect as of the Closing Date. PHIL shall promptly provide true and correct copies of the Funding Commitments to KCCO immediately once available. There will be no conditions precedent related to the close of the Financing and the funding of the full amounts contemplated by the Funding Commitments on the Closing Date other than as agreed to by KCCO and the Founding Members in their sole discretion.
9.1 Termination. This Agreement may be terminated prior to the Closing:
(a) by the mutual written consent of PHIL and KCCO;
(b) by KCCO, if PHIL does not pay the full amount of the Purchase Price to KCCO within thirty (30) calendar days after the Effective Date;
(c) by KCCO, if Closing does not occur within forty-five (45) days from the Effective Date;
(d) by KCCO, if PHIL shall have materially breached any representation or warranty or shall have failed to comply with any covenant or agreement applicable to PHIL that would cause any of the conditions set forth in Section 8.2 not to be satisfied; provided, however, that KCCO is not then in material breach of this Agreement; or
(e) by PHIL, if KCCO shall have materially breached any representation or warranty or shall have failed to comply with any covenant or agreement applicable to KCCO that would cause any of the conditions set forth in Section 8.1 not to be satisfied; provided, however, that PHIL is not then in material breach of this Agreement.
Proof that Henry has just been sitting around waiting for something to happen?
Just because the SP has been in decline for awhile doesn't mean things aren't being worked on that will hopefully reverse the direction.
Another BS post.
I'd say more like a going down a bunny slope, which is excruciating if you're an experienced rider.
Let's just hope we arrive at a lift soon that can bring us back up.
Storms imply volatility. There hasn't been much of that for weeks. So that's an incorrect statement.
I really don't know. International audit is out of my wheelhouse, however I have talked with a few colleagues who do have some experience and they have said that a full GAAP international audit can take quite awhile if documentation isn't readily available and certain disclosure items have to be tracked down. It's much more difficult than just a standard US GAAP audit.
I'll be honest, PHIL has me turned around and there is just too much going on for me to wrap my head around without having more details.
With that said, it would be odd to name change to Vinafilms International without some sort of forthcoming update, and there could be a number of reasons to strategically hold back the completed audit. Also, he has no obligation to immediately disclose it just in case someone tries to claim that he does.
All it takes is one item getting closed to gain everyone's confidence. It doesn't really matter what of the outstanding items it is, whether it's 5G, KOTA, one of the loans, Vinafilms audit and supposed revenue, any one of these things will show proof of legitimacy in what Henry has been saying is true.
One item down will make most people believe that all, or at least most, items, including buyback, will come to fruition.
All it takes is one.
It doesn't matter whether he props it up or not, if he starts selling it tanks just as fast as it got propped and we'd all be dead in the water because, like I said, nobody wants to invest in a company that the executives are cashing out of, especially an OTC company.
Again, I don't think he would do that, especially if he's sincere in building his legacy, just something everyone should be aware of.
Something else that is not necessarily a company date, but is something to be aware of is that Henry's restricted shares that he granted himself in lieu of unpaid salary start to become unrestricted at the end of this month.
I don't think Henry would dump his shares on everyone, but it's certainly a concern. It would be bad for everyone and would look awful if he's trying to get investors while dumping his shares. That would effectively end all this as no one is going to invest in a company the CEO doesn't even want to be invested in.
90% of what you say just needs to be fact checked. You just spew stuff out and hope nobody does any research. I'll admit you post with conviction, unfortunately it's usually incorrect.
I can name a few that I have seen co-branded on bags and other merchandise:
KFC/Taco Bell - YUM Brands
Bubba Gump/Landry's/Saltgrass and others - Landry's Dining (and they actually have a club card that works for many of their brands as well.
Burger King/Popeyes - RBI
And I'm sure other restaurant operators have or would like to expand brand recognition as well through co-branding what they own.
Others - Darden, Bloomin' Brands, YUM China, Autogrill SpA
Are McDonald's and Burger King going to co-brand? No, and nobody thinks they will.
Sundial Renewables is NOT a subsidiary of Sundial Growers (SNDL).
Sundial Renewables was incorporated on 1/13/22.
https://canada.hkcorporationsearch.com/companies/ieriehoj/
So I wouldn't be overly excited about it.
We obviously need more information. What their current bags don't come with are QR codes linked to tokens. Not sure how big that market would be, but I guess we'll see.
Also, the 200M is an estimated total with the avg. bag being .20/bag. My guess is there would be heavy discounts for major bulk orders with small restaurants obviously paying more.
Again, more info is certainly needed.
The bag is free. The advertising (through the tokens somehow) isn't.
When Taco bell gives you a bag that has their logo on it, that bag isn't free either. They have to pay for the paper/plastic bag, plus printing the advertising on it.
This concept is basically "You can use our platform for free, but if you want to customize it you have to pay." It would be utilizing the "Freemium" sales strategy.
Also, restaurants like Taco Bell, KFC, etc. are all owned by YUM Brands so you could technically cross-market on the bag with offers.