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It was actually 46M shares?
Seriously. If AK doesn't ask him for presenter permissions, I might do it. At the very least set up the room so that people are muted on entry. Was like cutting to commercial right as someone was throwing a game winning touchdown pass.
I can't get enough of the $PHIL $GREG satire account... I'm dyin
Lol.... someone is gonna be PO'd when they wake up with no shares. XD
Yup. Not sweating it. Already climbing back up. Just wish I had more in the war coffers to take advantage of this.
Mid April
Doesn't matter what the A/S is. It's the O/S that is important to shareholders and Henry is working to knock that down. Having a high A/S is not necessarily a bad thing.
What do you have planned to keep people from selling after the dividend?
Henry: Shrug. There are things planned. Other spinoffs. Leave if you want. Can't tell you what to do. Bye Felicia.
I agree with this. It was obvious he wanted to say more and couldn't. Some for professional reasons (i.e. the last noteholder is being a d*ck) and some because theyre not ready yet or he can't say anything until the rest of the fins are out (Vinafilms revenue). I still want to know what this "pearl" is.
Agreed. Buy back is the most important thing and doubtless will occur sooner. The process behind mining is a long, complicated, and expensive one. I don't mind it taking the back seat until we get some other gems (heh) off the ground first.
I did appreciate that the fins mentioned there needs to be a 3rd party independent assessment of the mines to better understand the real value. Completely agree. Ive been saying there needs to be an updated survey for a while now. Literally no idea what we're sitting on there.
I honestly think that he muted his own computer thinking he was muting everyone else.
Stonesthroen... that is hilarious!
I also second the motion that AK copilots the next CC. I wonder how much more we would have been told had Henry not seen all the chats about people not being able to hear him over the riff raff.
$GREG is now officially a $PHIL spin off. Its the California mattress Lux sub fund.
PHILs gonna uplist or your mattress is freeeeeeeeeeeeeee!
That was seriously frustrating. You spend all week waiting for the conference call for what could potentially change your life and $GREG fills us all in on his life changing events instead. I was fuming until I read yours and broke down. XD XD XD
My pants came pre-stained. I might finally be able to buy a new pair.
Personally, I'm partial to the CC notes from AK about Greg and his mattress... I think that was the key point most people took there towards the end. I wonder if his mattress is going to be uplisted as a spin off?
Finished by saying he doesn't want to pump the stock. We do need to face reality. But it is a promising reality. It's just going to take time.
1) Safe Harbor Statement
2) Delay was because we had to switch auditors, then COVID, and then he got stuck in India. But now we can move forward with the rest of getting Phil current which should happen mid-April.
3) No revenues were reported. We did receive about 1.3 million dollars during FY 2019 for participation in PhiLux but we didn't recognize it as revenue because the fund compartment was not fully activated.
4) Our expenses went up about $500k due to the Granite Mining Claims of APR.
5) Had about $72k on the books at the end of FY2019 as opposed to $14k the previous year.
6) Q & A was done via e-mailed questions.
7) Didn't want to talk about which spin offs would be uplisted.
8) Didn't comment on what would create long term value for shareholders to retain their shares after the dividend, other than this has been the plan for a while, he still intends on creating spin offs and other dividend distribution, and it's up to you if you want to sell or not. Sometimes the plans work. Sometimes they don't.
9) Revenues for 2020 and 2021 will be announced as they are filed. He will not speculate or announce pre-release.
10) The dividend is still on track for June... but it could change. He wants to build value in APR first so the dividend is not meaningless.
11) He still plans to buy back shares and retire them. As many as possible. And he has made arrangements for the financial means to do so. He cannot say that Phi Group has bought back any because they are not on his books. He heavily implied that he has negotiated transactions that have already started buy back. He just can't talk about it.
12) Only one noteholder left!!! He talked to him today to try to find a way to work it out so it didn't turn into dilution. They'll talk again tomorrow to try to find a solution. The noteholder is being difficult.
13) GILDEX /Crypto kinda fell by the wayside for a bit due to lack of investors and other things going on. The plans are still there and he's working on them but he can't say too much other than it's still alive.
14) We still have a business agreement with Natural Well and Dr. Frank Liu. He showed a box for Super Green. It's a high energy drink drop. There are other products from him that we want to work with. These plans are still being worked on as part of PhiVitae Healthcare.
15) The Bank Fund are really what is going to set us apart. We are the first and only ones with a Bank Fund in the entire Asian region.
16) SO FAR up until now, he has confirmed that he does not want to do a reverse split. Thats why he's buying shares. That being said... whatever he does do it needs to benefit the shareholders and the company. So if there is the opportunity to bring in a strong revenue generating company that would change the valuation of the company... he may have to take a reverse split in order to get us to Nasdaq. Short of that happening, he doesn't want to collapse the value for no reason. He's done that before, screwed up the timing, and it set us back. He's NOT saying that a R/S WILL happen. Just that he can't discount the possibility in the future.
17) The Vietnamese currency fluctuation did affect us but it is what it is. The Dong has been depreciating (story of my life).
18) The timeline for the senior exchange does depend on ADE, the launching of some sub-funds and some of our other acquisitions. Vinafilms were not completely disclosed in 2019. They still have to be finished. Once Vinafilms are done, there should be enough there to get uplisted.
19) There will be ANOTHER conference call next week so that he can talk more about the diamond exchange, the different facilities for polishing, etc., who would be involved with us, and funds. He wants to share pictures and other information via slides, etc. so we can better understand. It will be like the DMCC in Dubai (amenities and such to support ADE). Combined revenue in Dubai is 75 billion. In Asia, we are at an advantageous location to build it and make it happen as part of the new gross market.
As a reminder, please mute your mics if you're going to join in on his calls. It was ridiculous how much of this conference call was missed because people were watching on their iPhones and talking over him during key parts.
.... eh. Close enough. XD
$PHIL You are cordially invited to a scheduled PHIL Shareholder Conference call:Mar 11, 2021 04:30 PM Eastern Time (US and Canada).Join Zoom Meeting: ttps://zoom.us/j/4177806661; Meeting ID: 417 780 6661,Passcode:7777Find your local number: https://t.co/7gi0YnRvTH +16699006833.
— PHI GROUP INC (@PHIGROUP) March 9, 2021
I'm waiting for Facts to pop up with his trademark "Everyone pipe down... Henry's intent was to post the fins by today and he's doing everything he can to make it happen. Relax." Followed 30 seconds later by Henry posting the fins.
This is still like Christmas... but that Christmas when you're not allowed to open your presents until the entire family gets here... but grandma's flight got delayed and when she finally landed, couldn't find a cab... and now she's stucker in bumper to bumper traffic in LA... and its already 4pm...
I should also say that its not really the transaction charges that bother me since I tend to buy at levels where $6.95 is negligible. What bothers me is TDA doesnt do wire transfers from my bank. Its only ACH. If I transfer money on Thursday, I can't use it until a random time on Tuesday. Sometimes it goes through Tuesday night. Sometimes its 0830 PST Tuesday morning. The system glitched Monday and I could buy PHIL with uncleared funds but when I tried an hour later it didn't work anymore, lol
I use TDA but when I transferred from ETrade it was because I wasnt getting the transaction charges that ETrade was doing (I am now). CS has been getting praised in here lately for not charging. But all three of those companies will let you buy OTC Pink.
Stole the link from DeepDive4Kraken on Twitter (if it hasn't already been posted here). As he says, remember that this is pure speculation since we don't have the real numbers yet.
https://www.macroaxis.com/valuation/PHIL/PHI-GROUP-INC
Same but i still want to see paper... lol
10 cents?! Thats it?!
Hopefully its incurable. :P
Amen brother. Its like waiting to find out your test results.
For the coffee spitting, lol
And an umbrella.
Ask is at .0045 already. I have another order in for the opening bell.
Well... you take the good, you take the bad, you take them both and then you have... oops. Wrong Facts. Nevermind.
Oh yeah... I forgot about our Pho empire! Hopefully this week makes us Pho-get all about our years long wait!
There have already been enough people that sold and tried to buy back on a dip and failed. IMO, best not to chance it. And with all the hype going on all over the place, I'm not sure it's going to dip at all. If it happens... better to buy and hold.
We can only do the best we can with the information we have at the time. Can't predict the future. If we knew then what we knew now, all of us would have locked up hundreds of millions of shares.
I like that... one stop shop for the different mediums. Thanks!