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Sometimes, you have to trim the dead branches to help the tree flourish. I posted it before... and I realize that this goes against financial advice... but I culled all my other stocks to invest in PHIL. I still feel for me it was the best decision. I hope its going to pay dividends. Well. You know.
Are you 1234 on ST?
Only reason I held it. Bought it when it was being pumped on Twitter. Cause Im dumb like that. Oh well. Made a profit and expanded my PHIL position. Worked out for me in the end. No one could have predicted that surge.
Super excited for the CC tomorrow... its like waiting in line to have Santa talk to you. Except in this case, Santa is TELLING me what I want for Christmas.
Me too!!!! I sold at .0018 in Feb to dump $10k into PHIL!
Right? I want to die a natural death at the age of 102 - like the city of Detroit.
Thank you sir. It was a happy little accident. Johnny was talking about Dr... VRG. I wanted to know what happened to the registration for phivitae and phi vietnam ltd. Looked at Helix Research (VRG other company). Once I was on the uk site looking at its registration I searched for Fahman on the uk site on a hunch. Super exciting when you turn over a rock and find a diamond. Great time to be in PHIL.
I see what you did there!
Superhero landing!
I dont know about that... I see a couple of things around the 1300 hour that say otherwise...
Was it YOU?!
Well said.
Right?!
Lets hope its not a side venture though!
We might be or* Henry might be
Words are important.
Could be! But at the rate we keep finding pearls, we might be Henry might be able to open a jewelry store!
Im trying to go to sleep now and cant seem to make it happen. Is it mid-May yet?
I sincerely regret overlooking the name during that press conference. Forever grateful you put some exclamation points on him.
Hopefully he doesnt cyber punch my kidneys... i got a sneak peek.
All i can say is wow... he did some digging. If even half of what he found pans out... it has the potential to be bigger than Vinafilms. Much bigger. Remember... Vietnam's healthcare expenditure in 2019 was US $17 billion. Its projected to reach $23 billion by next year. And thats only one country. Im super excited.
Yes... that was a very fun nugget to find... I peed myself a little. Almost 90% sure that was why.
https://find-and-update.company-information.service.gov.uk/company/13280813
Appointment of Mr Ben Carl Smet as a director on 15 April 2021
Check your inbox.
I'll try and find the actual patent this weekend and post it on Monday. Or I'll PM you.
Here's the post on some of the information.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163107174
Here's the FDA 510(k) on it
https://fda.report/PMN/K030275/3/K030275.pdf
We know that they have something cooking. I vaguely remember DJK mentioning that he knows of something but wasn't sure if it was the right time (paraphrasing) to bring it up with everything else going on like ADE.
There's the laser... there's super green in testing for anti-cancer properties... I haven't looked into it since about a week or two ago.
The patent was for the laser, I think.
Some. I found a lot of threads when looking for Medical Corp. Theres always more digging to do.
What he said.
Agree.
I'm just going to leave this here if anyone else needs a source regarding Henry being "banned from FINRA". I'm sure new investors are curious and would probably like clarity as well.
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Company established as:
JR Consulting, Inc. – June 8th, 1982
Changed its name to:
Providential Securities – Jan 12th, 2000
Parent company for Providential Securities established:
Providential Holdings Inc. – Feb 9th, 2000
NASD Examination and Subsidiary Disbandment
Providential Securities – October, 2000
Remaining company name change
Providential Holdings, Inc to PHI Group, Inc. – April 13th, 2009
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Providential Securities, Inc., a California Corporation ("Providential Securities") was incorporated in the State of California on October 8, 1992. It operated a securities brokerage service in California, New York and Oregon. The principal markets for Providential Securities' services were individual investors who were located throughout the United States. Providential Securities bought and sold securities for its customers through a number of different markets, utilizing a brokerage clearinghouse to transact the trades. Due to the results of an NASD (predecessor of FINRA) examination, Providential Securities withdrew its membership and ceased its securities brokerage business in October 2000 (NASD Case #C02000061).
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You can read part of it here:
https://www.govinfo.gov/content/pkg/CRPT-106srpt364/html/CRPT-106srpt364.htm
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The LA Times article does a good job of posting a brief summary without the details:
https://www.latimes.com/archives/la-xpm-2000-dec-16-fi-812-story.html
“A boutique Orange County brokerage that peddled day-trading services to Asian Americans was sanctioned and fined $115,000, and its chairman agreed to be barred permanently from the industry, regulators said Friday.
Providential Securities Inc. in Fountain Valley, which came under U.S. Senate scrutiny for alleged day-trading abuses, agreed to the fine to settle numerous charges of violating securities laws and the rules of the National Assn. of Securities Dealers, an industry group with quasi-governmental regulatory powers.
Irving M. Einhorn, attorney for Providential Chairman Henry Fahman, said the case illustrates the hard line NASD and the Securities and Exchange Commission increasingly have taken against brokers who don’t toe the line.
“The mood has changed dramatically. You don’t see one-week or two-week suspensions any more,” Einhorn said. “The sanctions and the fines are pretty severe these days.”
Fahman previously had expressed hope that his parent company, Providential Holdings Inc., could remain in the brokerage business by acquiring the San Francisco investment firm Holt & Collins, which has no day-trading operations.
But his agreement with NASD rules out anything but a passive minority stake in any retail broker-dealer operation. “Fahman shall be barred, in all capacities, from associating with any NASD member,” the agreement says. The ban is the most severe punishment the agency can impose.
“He could be an investor but not anything more,” said Einhorn, who was an SEC regulator for 17 years. “He can’t have anything to do with decisions about how a broker-dealer is run.”
Fahman tried to carve a niche by providing brokerage services to immigrants. But a Senate panel heard testimony that his employees overstated potential profits and downplayed risks as investors lost large sums engaging in day trading--computer-driven, rapid-fire buying and selling of securities. Fahman said in October that Providential Securities would cease operations.
NASD said Fahman also had operated unauthorized offices, employed unregistered workers, misled customers who invested in a private placement of Providential Holdings stock and misused the funds generated by the stock sale.
In its settlement, the company agreed to return funds to customers who invested in the private placement between December 1998 and June 1999.
The agency also accused Providential of posting misleading ads on its Web site, including failing to disclose that Fahman had ownership stakes in investments his operations were touting.
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The result was Henry was banned from operating as a BROKER. Providential Securities was banned from operating as a BROKERAGE. The company was actually banned after Henry disbanded it.
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The remaining parent company:
Providential Holdings, Inc., ("PHI") specializes in merger and acquisition advisory services. The Company acquires and consolidates special opportunities in selective industries to create additional value, acts as an incubator for emerging companies and technologies, and provides financial consultancy and M&A advisory services to U.S. and foreign companies
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TLDR; HENRY IS NOT BANNED FROM OPERATING A PUBLIC TRADED COMPANY NOR IS HE BANNED FROM FINRA. He was banned from being a BROKERAGE. PHIL is NOT a brokerage. It is MERGERS AND ACQUISTION ADVISORY SERVICES. He is not doing anything illegal by running his company.
Alright. Sorry.
Same thing happens when a publicly traded company acquires another one too. The PPS is spread out as the new shares are added to the pool. Eventually the price will come back up as revenues are realized.
ADE was tied into APR, wasn't it?
I have a question...
Let's say that PHIL gets to $0.50.
And then there's an APR divvy.
And then there's an APP divvy.
If those two companies were hypothetically pulling in the most revenue for the company, what's to keep PHIL's price at $0.50?
Lol... I may not be the smartest crayon in the toolshed... I forgot where I was going with that.
Point being I'll follow the advice of my betters and stay classy.
I have no idea what you are referring to sir.
Even if there weren't commitments to dump... it would be absolutely asinine. Aside from the upcoming growth of the PHIL pps, this isn't the last dividend. There is still a stated goal of bringing forth a dividend of APP to shareholders.
And possibly one for PHIVITAE Healthcare if they spin off as well. Nothing was stated, however Henry is showing a tendency for wanting to promote the stock via dividend when planning a listing for a spin off.
Thank you for the clarification, sir!
Well... like my great-great-great-great-great-great grandfather used to say, password protected news is good news!
Coming back as a password protected link for me.
Here's this https://m.twitch.tv/videos/987391697
Hasn't been uploaded to YouTube by EGC yet.
Hey thanks! Made my day!