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In BBs "Bogus 200M from a PO Box" argument he's making an improper assumption that a PO Box there is used in the same way as in the US. They are much more widely used by businesses, schools, etc.
It's just a standard mailbox in Oman, nothing less.
The P/E is not in reference to PHIL, he's specifically referring to 5G/Empire Spirits and gave examples on the CC of other industry leaders in China to support that number.
Merely stating fact, as they are not anything but authorized yet.
Hurry, your EV stocks need you back on their boards pumping them up!
I believe the 'shareholder conference call' and the carbon AMA with Choky are two separate things. The AMA is not a conference call, it's a PR event for the carbon token.
I think the carbon retweet and subsequent post just happened to be right after his shareholder post.
Well, technically no new shares have been issued yet, just authorized.
Yes. If you take a look at any SEC filing you'll notice an address right on the front page.
2323 Main Street Irvine, CA 92614 Suite A14
This would be the principal executive office address.
PHIL and other PHI Group entities are domiciled in WY for the favorable tax environment the state provides. It is very common in states like Wyoming and Delaware to have a registered agent address for official business but have office addresses where you actually work.
The article you provide has zero to do with PHI Group or Carbonian other than they share the address with thousands of others.
If you continue reading...
"According to the Wyoming Secretary of State website, there are approximately 450 commercial registered agents in Wyoming, the largest of which has offices in Sheridan.
Registered Agents, Inc., located at 30 N. Gould St. in downtown Sheridan, represents an estimated 53,267 businesses, according to the Secretary of State Office.
Registered Agents, Inc., though, is just one commercial registered agent listed at that address. According to a roster on the Secretary of State website, a total of 21 commercial registered agents have offices at 30 N. Gould St."
Zoom out on the chart YTD. You'll find the volatility.
Unfortunately, I disagree. There are no 'official' revenues and no 'official' buyback. So why should be that high?
I believe revs and buyback will come, but SP shouldn't be that high based on hope. Once it's all on the books, sky's the limit. Until then, here we sit.
Henry has also said multiple times that this will be volatile for a little while and if you can't handle that then don't invest. So it's not like he's pumping his stock for everyone to jump in because it's all sunshine and rainbows here.
Frustrations are obviously boiling over.
I think the biggest point is that these boards are supposed to be used for sharing and discussing DD. Just complaining on them doesn't do anything. People can agree or disagree on the DD, that's fine. But saying things like, "Come on Henry, give us something! You're bailing on us. Show us what you got!" as if Henry is on here reading and responding, is pointless.
If you want answers, reach out to Henry. If you're frustrated by slow progress, let Henry know. He can only share so much and things have been delayed, so I wouldn't expect much right now since he's probably working to get it all done. But again, complaining about it on here doesn't do anything and just makes for an unpleasant board...hence why I would guess FACTS hasn't been on here posting in awhile. What's the point when there's nothing of substance to discuss?
Anyway, here's hoping for something to discuss soon!
This is where the rumor comes from:
5. INVESTMENT AGREEMENTS AND MEMORANDUM OF UNDERSTANDING
From August 24, 2020 to November 11, 2020, the Company through its Luxembourg bank fund mother holding company PHI Luxembourg Development SA and PHILUX Global Funds SCA, SICAV-RAIF has signed investment agreements and memorandum of understanding with three non-US entities for total investments of more than one billion U.S. dollars. However, as of the date of this report, the Company has not received any money from these investment agreements and there is no guarantee that any money will be received from these agreements and memorandum of understanding in the future.
We have received the agreements for the first two in Haj and Neok. The third loan is believed to come from Europe because of the strong ties within the company and ADE in Europe. We obviously won't know for sure until it gets posted and announced.
Anyway, that's where the rumor comes from.
Yes, but...this is the latest 10-Q.
The Company wrote off 32,900,106 shares of MYSN stock held in certificate form as worthless as of June 30, 2019, as Myson Group was not in good standing with the State of Nevada at that time. Subsequently, Myson Group filed a Certificate of Reinstatement with the Secretary of State of Nevada on June 04, 2021.
So something is on the move.
I wouldn't say Henry is falling behind. Vietnam was shut down, so everything there is 'behind'. My guess is that Henry is as far along as he can be with any of the Vietnam projects.
And this probably why we saw a big ADE token and carbon push. Instead of sitting around fiddling his thumbs, he shifted to something that could be moved forward. Again, no revenues yet, but hopefully with everything starting to move forward from where we were in the spring and summer, those revenues begin to pop up.
That's what people said two weeks ago as well and there wasn't any change in share count when it finally updated after a two week wait.
All I'm saying is I've seen others use this website as proof as well, and it's just too easy to discredit for the bashers.
All of the websites I gave are all registered from NameCheap in Iceland and were created AFTER the signing of the document. So none of it makes much sense.
https://www.whois.com/whois/neokonline.com
The loan agreements have been filed and hopefully we get some more solid updates in the next few weeks as everything starts coming together.
Not to mention the website in the actual loan agreement filed is www.neokuae.com, which, for me, says I can't connect to the server.
https://www.sec.gov/Archives/edgar/data/704172/000149315221029505/ex10-1.htm
UAE also has strong internet restrictions, so who knows.
No one needs to bite my head off on this, just be careful with that website. I don't know how foreign countries in the Middle East use and build websites, but that is just a boilerplate financial website template used by multiple others...see below.
Not saying the loan isn't real, I just wouldn't use this as proof for anything. There is much more concrete DD to rely on.
The third website actually has a Virginia address and a phone number but the phone will just keep ringing with no answer or VM, and the address has a typo.
https://www.neokonline.com/index.html
https://ccdexpressonline.com/index.html
https://capitalassetsfinancial.org
Somewhat accurate. They are usually a couple years behind on private companies.
First, let's not stretch it to 9, we're talking 8 figures.
And if we're talking about a solar company and a residential construction company in California, then it's easily possible if you're talking about a typical 10 year proforma valuation. Remember, it's a piece of TWO companies that is being purchased.
And you're acting as if the pandemic was bad for construction companies. It's been booming for them. We have a small residential construction client that clears 25M is revs and has grown substantially through the pandemic because of remodels.
And when you're talking about reviews, particularly remodeling companies, people have a much greater motive to post when they're pissed off than they do when they're happy.
Because Yelp and Google reviews are what are used to come to a monetary valuation of a company?
I typically use past, current, and projected revenue...but reviews are another way I guess.
Raytheon? These are not even remotely comparable. You're talking NYSE listed and a micro sub-penny.
I think I remember you mentioning RTX earlier this year as well. So just for fun let's compare....
If you bought RTX at the beginning of the year you are up around 20%. Nice gain.
If you bought PHIL at the beginning of the year you are up around 3000%. I'll take this one.
Let's keep it in perspective.
I saw that as a sell as well.
Do you mean the next, next share update?
Haha so you’re telling me new things could possibly be in the Q? Interesting take.
And here was part of your next statement:
"What Henry has going on isn’t, and I can’t see him having access to $1.5B, and not being able to use at least a percentage, for what he deems best for the company."
You're hedging your words, but you are referring to the BB as per your previous statement.
Look, we don't need to keep going back and forth, and I'm not trying to attack you in any way, I just have some disagreements with some of your statements recently, that's all. I'm appreciative of how you keep the board grounded.
And neither is saying Henry can use the loan for BB.
And I'd venture to say me (who has no sway on this board) saying the Q might have updates will have much less effect than you (who many look up to) saying loan can be used for BB. The only thing we do know for sure is that at least one of us will be right on both of these items.
Not upset here. You have opinions, I have opinions. Nothing wrong with that, I just find inconsistencies in what you're willing to let slide as setting realistic expectations. We've all be frustrated by unrealistic ones that end up biting us the few days afterward. And I don't believe anything I've said about the Q is setting unrealistic ones. Nothing earth shattering, just subtleties that continue to prove out what we all already know is coming.
Here's what I was referring to by the way, and no it was not an exact quote:
"As you know, I appreciate tempering expectations, but I will say that while the PR says what it says, the verbiage leaves room for how the funds will be used, and once Henry has the money, isn't it out of the lenders control as to how the funds are used, provided they get the payback they expect, and there is evidence the funds are generally being used for the intended purposes?
The initial tranche due for 5G is $33.3M, so if Henry uses that entire amount from the $1.5B, is that really an issue?"
Who said anything about 5G or Vinafilms? I said subtleties, not game changers. Each and every filing has been slightly different with more and more info given. Based on that, I would venture this one will have some small updates as well.
And when you say the loan can be used for anything and everything, if it turns out that the loan can't be used for buyback, and it can "only" be used for certain things, how is that not setting hopefuls up for disappointment? You sure like to pick and choose what you're willing to let people get excited about.
You kind of just proved my point with this one. We were not aware of the 2.5% interest prior to the 10-K/A, just that it was preferential. And he didn't drop any news about it, he just let it come out in the filing. Who's to say there won't be something along the lines of "we have officially signed this, or we have finalized this..." in the Q.
You're saying nothing will be different, maybe you're right. I'm saying there is a lot going on right now and there could be some subtle changes that mean a great deal.
That's not necessarily true. I agree with the overall sentiment of nothing earth shattering that we don't already know, etc. But there are so many things being worked on right now, and certain deals and outstanding items could have been signed or finalized over the past week that we aren't aware of yet and could be posted in the Q versus releasing a PR prior to the Q.
Not even remotely comparing the companies, however Apple has an outstanding share count of 16B+, so it is possible to have a highly successful company with that many shares.
Need other catalysts to happen, but the share structure with a buyback is not of any concern.
Now head on back to your EV's.
I totally get that there is room for interpretation on what the funds will be used for, but I do disagree that the lender doesn't care what it's used for and that it doesn't matter as long as they get their money back. Unless this is just a generic, 'do what you want with the money' loan, which I highly doubt, it will probably specify what it should be used for (generally). Not to mention the loan and what its being used for will be audited.
If I go to get a construction loan and use the funds for purchasing a new car, that's fraud. Sure maybe the bank doesn't find out about it and I'm in the clear, but if they do, the loan could be cancelled and now I have a lawsuit to deal with. That's a big gamble with $1.5B.
As for 5G being connected to ADE and the Lux Fund, I personally view them as separate. They are separate entities and are separated out in the filings, PHILUX Global Funds and Empire Spirits. Just another revenue source. I'm not necessarily seeing the directly connected dots. PHI Group is an M&A company like Berkshire, albeit much smaller. But to me that's like saying See's Candies is connected to ACME Brick Company.
Just because two or three things are mentioned in the same paragraph on future events, does not mean they are directly connected to one another.
You're right, we will obviously have to wait and see what the final signed document says. But just based on the 8K and the PR it leads me to believe that the loan is being given to build the ADE and to help fund the Lux Fund, its sub-funds, and 'other clients' that we are doing business with that are associated with all of the different sub-funds.
I could be completely wrong, there's just nothing that alludes to it being used for other items outside of these.
And when I say this, it does not take anything away from how huge that loan is. I'm just trying to temper some expectations of what it will be used for. Since last week, I have seen some have said for 5G, for buyback, etc...and I'm just trying to set some expectations. Again, maybe I'm wrong, but based on the information we currently have, I don't think this loan can just be used for anything.
Thanks for popping in. I think you read one line and decided to try and correct me. I literally said 'and associated funds'. SO maybe I should have been more clear about what funds I meant. ADE and Lux Funds...and then I copied the exact statement from the 8K that you did. So thank you.
Anyway, the point was that the loan is not for 5G.
Keep in mind the $1.5B loan is to be used for ADE, not 5G. Not to say the loan doesn't free up other money to be used for 5G, but the loan itself it for developing ADE and associated funds.
"The registrant intends to use the funds for the establishment of the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, for financing selective projects in the areas of real estate, renewable energy, healthcare, and for other investment opportunities in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the registrant."
Ribbit Ribbit.
Agreed with the way Henry is operating. Much more surgical at this point. And right now I feel there are a lot of people just waiting to see what happens. Lots of agreements, etc. out there but once some of these things are finalize and we start to see some revenues, that's when we'll really start to see this thing move upward.
Patience is key.
This is one of the better and significant PR's that has been released. Lots of good information and continues to provide assurances that ADE and the associated token are not only legit, but all the pieces are in place and should be moving much more swiftly now.
Does it directly effect SP by giving revenues or reducing shares? No, but the foundation being built is so much more important in the long run and we'll all be thankful in the end that we don't have some massive SP spike and then a crash from people cashing out quickly.
Almost all of his shares at this point are restricted for at least six months, so this is NOT TRUE.