Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Not sure if that's a loophole or just a blatant middle finger to the SEC.
They'd borrow from someone else basically. And then it happens again. Varying amounts. Creates this surplus of non-existant shares.
But you're right. Say everyone cashes out at the same time? Who pays them out? Which I believe was part of the point of the rule. You, as the MM, need to have the money to back it up. I'm not sure it prevents borrowing as much as we'd like it to, rather it acts as an insurance policy?
Cuts out their legs. If they can't magic up shares to control the pps at the levels they want it to be at, then they can't hold back the rollin' tide.
Hypothetically. There's always a loophole.
And then hopefully contributing towards crushing the myth that you need to put sell orders in at high levels to keep the MMs from "borrowing" your shares while you're AFK.
See that's what I think I had gotten off the previous posts... can't borrow from Peter to pay Paul unless you have enough to cover these shares or prove they even exist... and if not then you forfeit them. Something like that.
The difference between now and three years ago... heck, even just a few months ago is leagues different than it is now. Results are practically tangible. Here's hoping the auditor puts it in another gear!
Yes sir! The closer Henry gets us, the more fun it becomes! Not just in terms of pps but all the info nuggets that everyone keeps digging up!
Thanks for clearing that up!
So... today is the day they start delisting companies that aren't even trying to comply?
Maybe. He is the Big Bird around here.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163342661
That has something to do with it.
I honestly don't know how it impacts things TODAY. But I'm always excited about PHIL things anyway. New DD comes in practically everyday!
Um... well... I can't actually Count that high...
I usually don't brag about that but... well...
Seems to be a fairly big deal. Found a couple other things.
https://www.globenewswire.com/news-release/2020/06/12/2047457/0/en/FIRST-EVER-VIETNAM-RELATED-LUXEMBOURG-BANK-FUND-LAUNCHED.html
That one mentions him.
https://lu.linkedin.com/in/deschamps-yannick-87042059
There is his linkedin.
I think. I can't actually access linkedin at work.
Is this another rhetorical question where you already have the answer? :P
If you buy too many and you need some place to stash them, I can probably take some off your hands for you.
Hey thanks! That's... basically the summation of everything I did at work yesterday.
Henry knows which way we're heading!
Ooooooooh! That is the grossest thing I've ever heard in my life.
Let's go ( $PHIL )!
YOU'RE EXCITED?!
Somebody peed my pants!
Almost sounds like a country song.
Bahahahaha
The way I look at it, and this is just my opinion, I'm not particularly concerned. This isn't two or three years ago. Henry has companies invested in him through the Lux Fund. The Vietnamese government is relying on him to pull through. In short... he's answerable to people. It's not just floating around ideas anymore and if they don't pan out, oh well. Fins will come out. He will be current. I 100% agree with you that he's not going to wait until the last minute. It's a waiting game and the last mile is always the hardest. Doesn't matter if you're Henry or a shareholder.
Lol, I appreciate you.
Literal, ACTUAL gems.
I feel like he was disappointed too. It happens. Timing is just bad. Just a small speed bump. Won't affect things in the long haul.
I'm ok waiting until we're current. I think we lost a good chunk of the momentum of the EGC and new eyes based off our inability to perform today. I'm hoping I'm wrong.
Probably not.
I think the limited viewing hurt a little. I think it would have hurt more if he had just shut it down entirely and postponed it. It definitely gives off the vibe that we're not organized (not saying he is... just that he needs a tech guy next to him)... which is not comforting when you have someone that is talking about massive projects and revenues. I still believe in what he's doing. Just want him to stop catching his toe on the furniture.
I am sorry. I was expecting Duckzc to take care of it. I don't think anyone expected him to drop out and have issues. I didn't even realize he wasn't there until the meeting was over and I was scrolling through comments. I would like to say that I will take care of it in the future but realistically, at this point getting into the Zoom room is a crap shoot unless something changes.
Yes it is. I believe both people have to have a certain zoom level. Meaning not the free version. I have a paid version that I use to train my coworkers. Im also 20 minutes away from his house. I would LOVE to be right there as he's doing his CCs (who wouldn't?)
I threw my tongue in cheek comments in there specifically for you!
Honestly, yes and no.
I think he wanted to say more. I know he could have talked about some other things. I know he was also frustrated that people couldn't hear him and with the 100 person limit. He tried to postpone it. Everyone there convinced him to continue. But ultimately I think he wanted to talk about whatever it was he wanted to talk about when he could get a bigger bump out of it.
I also know he's limited in what he can say until we're current. He wants to tell us more. He wants to keep the interest and excitement alive. It must be so hard keeping in all the secrets he has. Dimes to dollars he's just as frustrated with the auditor as the rest of us. Probably more so.
Amen brother.
This.
We're sitting behind computer screens and profiting off of him doing all the heavy lifting. If it wasn't for him, we'd only be doing the first half of that sentence.
Least I can do sir.
See if you can influence him to let me drive to his house to handle his tech stuff for him. Not really kidding. I'll give him a resume and references if he wants it. And I'll do it for free.
CC Notes - 4/20/21 (For Real This Time)
1) Apologies for the room limit again.
2) Safe Harbor
3) Apologies for the room limit again... again.
4) Only able to file one Q today. Auditor was tied up with another project. Next one will be within a couple of days. Expected to get everything current as soon as mid-May or a little bit later than that. Shouldn't be past May.
5) Last few years was focused on ADE and Lux Fund which is why we didn't report revenues from M&A transactions. Briefly read the expense numbers off the Q that was filed. Consolidated numbers will be put out once we get the rest of the fins out.
6) Henry is going back to Vietnam in a couple weeks to prepare for licensing the site, alongside experts from Europe. PHILUX received commitments and interest for substantial amounts. Wants to get the ball rolling in June with ADE and investing in projects from PHILUX Global Funds. Will work with the real estate compartment first.
7) GILDEX - Working behind the scenes. There has been some very robust development on the project but we're not ready to announce the site or details yet until everything is very much done. We've been too eager and optimistic in the past. He wants to make sure everything is solid before he announces it.
8) Steven, don't ask questions he already answered.
9) Trying to use our M&A experience to help other companies become listed in the US. This will also help our revenues and cash flow with everything we will be holding in those companies.
10) He knows we are eager to hear more but that's basically all there is to share today. There is a lot of potential. It can be very volatile just due to the nature of everything is involved. It takes time to develop. For those true believers, thank you for your support. If its not right for you, get out.
11) Can't announce buy back status until he is fully reporting.
12) Note conversion, we are very much at the end of it. Still some creditors or investors in the company that have wanted to convert some into shares but its nowhere compared to the rates that we've had to deal with in the past.
13) Thank you for the taking the time to join us. Apologies to shareholders that couldn't get in. He takes responsibility for the limit and he'll try to make sure it doesn't happen again.
14) He is committed to making this happen and will deliver on his efforts that he's made over the years.
15) Someone's mom loves them more.
CC Notes - 4/20/21
1) Apologies for the room limit again.
2) Safe Harbor
Dang it! Take one for the team! (Kidding of course)
Yessir. Roughly. Little Saigon. Garden Grove/Westminster. You nailed it.
Dig! Diggggggggg!
Alright. Bed time. Happy hunting all!
Seriously it confuses me. That alone is one of the biggest hurdles in digging up info. Need a friggin cryptographer.