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And found that by running out 693467201 and then looking up the LEI number.
Anyway. Not us. :)
Think thats the helicopter group again.
https://sec.report/CIK/0000350403/amp
https://lei.report/LEI/5493002853B5XXHLIP12
Cross referenced by registered Lafayette address.
144 shares... not sure how truthful that is either... their allocation budget is barely 43 cents. XD
What are you referring to?
There is the possibility that Gildex would be involved. Gildex would be a form of blockchain cryptocurrency that would have its foundations in real value, which in turn stabilizes the value of the cryptocurrency token itself and hypothetically makes it worth even more. The details are murky at the moment since Gildex had been pushed to the back burner for a bit, although Henry says he still has investors for it and the plans are still alive.
Throwback Friday - From 2/1/2018 press release - "We believe that the launching of GILDEX will propel the Company to a continuous path of growth and profitability. The Coin is estimated to bring upwards of $1 Billion value in the coming year."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162545533
Courtesy of sdhunter11
So many balls today... crystal balls, brass balls, bowling balls, curve balls... I'm just happy to see that Henry got the ball rolling!
That was a very... uh... well rounded? answer. XD
Does your crystal ball have an office in Irvine?
Should be your next proposal to Henry. Instead of calling it the LCMC, change it to Minh-hattan.
To answer the question, it appears that the total amount of land set aside so far equates to 1,800 hectares. 600 is for our financial/development center. The other roughly 1200 appears to be for the airport itself.
https://centreforaviation.com/data/profiles/newairports/long-thanh-international-airport
Not sure if this was posted back in the day. Just a news article from last year about the LuxFund and the relationship with Tecco.
https://futurityjobs.com/2020/08/20/luxembourg-infrastructure-fund/
We will see their revenues. He is actively working on the auditing process. It just takes time and we don't know when they'll be done yet. Ideally it would be great if they were done with the next set of fins so hopefully by mid-April but there's nothing really set in stone on that front specifically.
I just want to see paper...
International partners in Vietnam and Dubai.
*wistfully* i'll get there one day...
Yeah you were quite popular today... I think you left your camera up just to show off... XD
CC Notes - 3/15
1) Safe Harbor Statement
2) Showed some forms/info that some of our sleuths had already posted here as DD. Good job ladies and gents.
3) LuxFund - Registered on 6/11/2020. Officially the first ever bank fund for investment in Vietnam. Fund size started with 1.3 billion in commitments and interest. Expected to grow to 5-10 billion within 5 years.
4) There will be a number of compartments - Real estate/hospitality projects, renewable energy, agriculture, healthcare and decentralized finance (crypto). Management fee is 1.5%.
5) The DMCC is about 200 hectares. There are 15,000 companies registered in the zone, 600 retail outlets and 60,000 employees. This is the model for what PHIL wants to do in Asia (Long Thanh Multi-Commodity Logistic Center).
6) Henry was in Vietnam looking at the 200 hectares of land earmarked for us when a new opportunity came up in South Vietnamese. They are building an airport with a hub similar in size to Singapore or Hong Kong. Instead of the 200 hectares that we were earmarked for, we applied for 600 hectares in this area (The Pearl?). This 600 hectares will include an international financial center, hi-tech industrial area and an urban area to cater to the needs of the Long Thanh Multi-Commodity Logistic Center.
7) Vietnam is an emerging market in Asia. They are aiming to be upper middle class by 2035. It's one of the fastest growing economies with an average of 7% annual GDP growth and a stable to positive credit rating. "Booming infrastructure, energy and construction."
8) China used to be the largest trade partner with Vietnam. Now it's the US. This is expected to continue for the foreseeable future.
9) Japan is the largest in terms of direct investors in Vietnam but this is expected to shift to the US following normalized relations between the two countries.
10) Vietnam is next to China in terms of infrastructure development and a spending percentage of their GDP. They are leading in global commodity growth, the consumer market, and are also expanding their tourism trade while being see as an all around cheaper alternative to China.
11) Can't say too much about relationships with strategic partners due to a NDA in place.
12) Dubai is doing 37 billion a year in rough and polished diamonds and have an advantageous tax system. China has a couple of diamond exchanges but there is no "official" diamond exchange in China. Israel has a rough and polished diamond haul. This is not an overnight project. It will take a long time. Dubai started in 2003-2004 and is still continuing to develop. We are building the foundation but this project is going to develop over the years. We want major progress on our core projects first.
13) Q&A via e-mailed questions again. Most of the questions and concerns were about the R/S and further dilution and buy back.
------ The R/S - we don't want to do a reverse split. Its the last thing we want to do. We want to buy back as many shares as possible. The R/S can and MAY be done ONLY when and if there is a VERY special situation that can be a sure, almost guarantee to provide a chance for shareholders to benefit from it. For example if there is something that is going to bring us to Nasdaq or the NYSE, a R/S would split. But just going out and doing it but not doing anything to benefit the stock would be a disaster. We've already learned the hard way. Deep in his heart, he does not want to do an R/S. Please don't worry about it, it's not going to happen anytime soon unless there is something that really, really warrants it.
------ There has been more conversion from one particular noteholder. Henry talked to him Friday and today. He's going to have a more detailed conversation tomorrow. He's the only one left. Henry is working on it.
------ Henry, to date, has not OFFICIALLY booked in shares as being bought back yet. He wants to be able to share that info soon when it's official. He can't give out numbers until it's official.
------ Revenue was not listed in 2019 because although we did receive payments, they were not booked that way (booked as an obligation) because those payments were part of the participation of our partners in Vietnam that want to join our subfunds. When the time is due, we can reclassify those amounts as revenue.
------ The rest of the fins... we want to have them done by the middle of April so we can file as current.
------ The purpose of the next trip to Vietnam is to work with the ministry and government of the province on the launching of the ADE. It's an involved process. There are international bodies and trade participants as well as local laws and regulations. Without our partners, we wouldn't be able to do it ourselves. We are lucky to have that support. It's been going on for more than three years now.
------ Henry will explain more about the Gildex/crypto later on. There isn't much concrete about it yet and he wants to be able to share it with the bank. He's still working on it, hasn't given up on it yet. He also wants to focus on the LuxFunds and ADE for now.
------ Working on finishing the Vina audits so we can add the revenues to our books. It will take more time, but it will get done.
------ Might be another CC in the next week or two.
Please don't be like $GREG. Mute your $MIKE. Love, $PHIL
Maybe instead of Ariana Grande or whatever the chit that was last time, if someone wants to leave their mic open for the entire intro again, they can play Psy?
Correct, just like the market cap of a company is only an estimate of what the shareholders believe to be the true equity of a company, not a direct reflection of the actual company worth.
Yes but he did not expressly state Nasdaq either, I don't believe (EDIT: I stand corrected... he did say Nasdaq as part of his scenario). I think he's also been using the phrase "senior exchange". This COULD mean Nasdaq. It could also mean NYSE Smallcap, which is $1 PPS minimum. I agree it would be pointless to uplist within the OTC itself. It still depends on the results of the buy back and the actual realized revenue of Vina.
Hypothetically, lets say his plans are for NYSE Smallcap. Even just as a stepping stone. Realistically I don't see the buy back as lowering us to 3 billion (as an example) O/S and I don't see Vina as reaching $3 billion in revenue. I hope so in both cases. I'm not here to bash a stock I'm heavily invested in. But I think that others are realizing that also and not being able to say "no" to a future R/S as he has done in the past is adding fuel to the fire. A R/S to get on Smallcap is going to be significantly less than one needed to get us uplisted to Nasdaq.
But again... it's just my opinion and we don't have updated financials/information to do anything other than speculate. It's not what you know, it's what you don't know that causes fear.
I think that hypothetically if it did happen, it wouldn't happen until we were closer to the the divvy date for two reasons:
1) As we get closer to that date, we're going to see the PPS rise organically as more people swallow shares to get in on the divvy. The higher the PPS, the smaller the R/S would be. This is key because the only reason he would do an R/S would be to increase the PPS enough to be able to acquire another company capable of increasing shareholder value or at least creating stability so the PPS doesn't tank and cause him to play the mutliple R/S game as someone mentioned earlier. The higher the PPS prior to an R/S, the lower the R/S ratio needed, and the less shares he would need to offer a lender as collateral.
2) An R/S closer to the divvy date would allow him to issue less divvy shares. We don't know for sure what the O/S or A/S would be... we're only speculating at this point officially, but less divvy shares = less O/S = higher PPS for spin off.
An R/S doesn't necessarily mean that we're all gonna crash and burn. I get that it has strong ties to investor confidence and it sends a signal that the company is struggling and everyone needs to GTFO. Especially in the OTC... where it's virtually synonymous with a stock's death sentence. But strictly speaking by definition, it doesn't affect the equity of what you're currently holding. It just merges your shares together. Less shares... higher PPS... same total equity. It's the panic selling that drives the price down, and that's typically before the R/S. The only thing it will inarguably affect, whether done correctly or not, is your total equity going forward due to a smaller hoard and adding a penny to the PPS not having as great of an effect.
Like DJK said, the change in phrasing by Henry in his last CC where he explicitly stated that it's a future possibility instead of flat out saying "no" like he used to is enough to cause concerns. A lot of us have dumped a lot of our earnings into this stock when it was in trips expressly because of the potential in this company coupled with his stated guarantee that a R/S was not going to happen. Having that no longer be a guarantee understandably is going to create a feeling of unease. Regardless, there is just too much we don't know right now to be able to speculate any further on it. Time will tell. We just have to wait and see.
Just my two cents... heh...
Just to clarify, are you suggesting a forward split in order to lessen the PPS so that he could buy back more?
It's one of the reasons I'm not against a low pps right now! Haha
Just to clarify... the purpose of an R/S is essentially to raise the PPS by lowering the amount of O/S. If you mean allow more of the A/S to convert to O/S that wouldn't work. Otherwise just lowering the A/S by itself doesn't really matter since it doesn't directly affect the price. Market cap = PPS X O/S.
That would have the opposite effect.
I agree. Which hypothetically he's already been doing through negotiated transactions for a while. We really won't know anything for sure on that part until April.
I don't either. And I agree it's disconcerting.
It was an example, albeit a weak one. My point being it doesn't make sense for him to put out all these CCs if he's trying to lower the PPS. There are other ways.
But again... he doesn't have to have a conference call to tell us that... he doesn't have to explain what he's doing. He could put out an 8k announcing an R/S, watch the stock plummet, and then put out another 8k saying the R/S is no longer going to happen because the price per share no longer makes the plan viable. Or any one of a number of other things to intentionally drop the value so he could buy back more at a lower rate. He doesn't need to waste his time doing what he has done the last couple of weeks.
That argument still doesn't make sense though. He could just not say anything and keep the price down. He did that for two years. He doesn't need to let shares convert purely to lower the price.
Ehhhhhhhh... remember too that a lot of the DD over the last ten days has been reflective of his conference calls... if his game plan was really to lower the PPS... he wouldn't be sharing so much with the shareholders... he'd disappear like he did for much of 2019 and 2020. There is literally nothing preventing him from doing that right now. He doesn't have to talk to us. He's choosing to.
That would be great if they were and they got folded into ADE...
https://www.deccanherald.com/content/218709/huge-diamond-mine-found-china.html
We know for a fact that was the last noteholder. Henry said last night there was only one left. Whether or not he dumped all of them is up in the air. Which is why I put in the "supposedly" caveat. I don't want to jinx us. I can't imagine he would dump over 1.5 billion shares and not the rest. He's already destroying whatever profit he would make by not spreading it out.
Agreed. That's supposedly the rest of them from the last noteholder. One less thing to worry about and overall I still chalk it up as a win.
I heard from $GREG last night on the CC that when he bought his mattress it came with a free Phillow.
Either way, I don't think Henry will work with him in the future... lol
My impression was that he had quite a few. For Henry to try to negotiate with him, feel bad about it, and then try to continue talks with the noteholder about it... on top of which to even really mention it at all... it was almost like a pre-emptive... I don't want to say apology... more like a... "Heads up... I can't say anything but yes, I know, and I tried but the guy was being a jerk about it." JMHO.
No. Just that he was the last one.