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Thats valid and what I did.
But do I consider PHIL and investment...Long term, no. It's a way for me to make beer money. I keep enough shares just in case. But that just in case is a longer and longer shot all the time.
So what makes a company successful?
Not this. I'd say this is the real reason Henry can't get a loan. I pulled these numbers from the available SEC filings.
Net income (loss):
The Company had a net loss of $6,553,178 for the fiscal year ended June 30, 2021
Net income (loss):
The Company had a net loss of $1,321,805 for the fiscal year ended June 30, 2020
Net income (loss):
The Company had a net loss of $2,929,661 for the fiscal year ended June 30, 2019
Net income (loss):
The Company had a net loss of $2,026,320 for the fiscal year ended June 30, 2018
Net income (loss):
The Company had a net loss of $1,560,718 for the fiscal year ended June 30, 2017
Net income (loss):
The Company had a net loss of $7,998 for the fiscal year ended June 30, 2016
Net income (loss):
The Company had a net loss of $1,368,915 for the fiscal year ended June 30, 2015
Net income (loss):
The Company had a net loss of $255,994 for the fiscal year ended June 30, 2014
Whatever. I got my money back.
Yup, I'll flip this one till the cows come home as long as I can make a few bucks. We still (I think) live in a free country and I'm entitled to have my opinion. Your free to have tho opinion PHIL is awesome and you'll be rich one day, and I'm free to believe that PHIL is a pump and dump and a lot of people will loose money.
That said. If this takes off and moon shots. I PROMISEI will be the first guy to come on this board and admit how wrong and stupid I was and praise Henry for finally puling something off. When we see that first financial showing a profit I will grovel at the feet of Henry Fahman and beg his forgiveness for ever doubting him.
Why? I'll share that with you.
I hate liars. I have lost more money in the stock market then I have made. I've made some, lost more. The ones I lost money on all had one thing in common. The CEO was a liar. Lets give them the benefit of the doubt for a second. Maybe they made bad business decisions. Maybe there were outside forces beyond their control. Maybe they just were really bad businessmen.
IF we consider those things, ONE of them would have fessed up and gave reasons why they failed, maybe even apologize for killing shareholder value. But they didn't. They just kept doing the same thing over and over until I realized the game they were playing. Usually for me by then it was too late and I had believed their stories and wasted money supporting their business. I.E. I got screwed.
With PHIL, I got smart...late in the game..but made my money back and a little extra and still hold 3 million shares. I'll buy again when it hits my price point. Does that mean I believe in PHIL as a business and Henry as a great CEO? Absolutely not. The evidence that PHIL is a straight up pump and dump FAR outweighs the grandiose goals Henry has pushed for years. The evidence is in Black and White and all filed with the SEC if you care to look. If you truly are intrigued I can show you. But I have found most people are unwilling to believe there own eyes and think for themselves in OTC land. Too many people listen to the wrong people, myself included. I learned how to read financial reports and follow paper trails. Some of these penny stocks don't leave a paper trail, or have financials on record. Hard to get a feel if they are legit. The SEC looks the other way and doesn't have the man power to look into the millions of little companies that list on the OTC. But I can, if I want to invest. Getting screwed has helped me become a better investor and taught me what to look for. I know the red flags now.
No I'm not trying to save you from a bad investment, I don't care if you waste your money. But I DO HATE LIARS and LOVE to point out to people that they are dealing with one. If you see somebody stealing your neighbors stuff would you say something or just look the other way?
I can't WAIT to see all the posts bashing me. Bring it guys. I know the truth of what Henry is capable of and my vision is no longer fogged by my dream of becoming a "Phillionare". Oh, dude..what size tshirt you wear? I'll send you a FREE Phillionare t-shirt.
The one question nobody ever answers.
If you look at all the things Henry has tried to do, and there are DOZENS, gold mines, VF, 5G, Agriculture, Petro companies, Medicines, sand recovery, dredging, solar stuff, renewable energy stuff, water treatment stuff, cannibis stuff, helping other companies get listed on NASDAQ....DOZENS of things... he has MOU, LOI, Partner agreements.
Philand Ranch, Rabbit Island, Diamond Exchange...and on and on....More then 25 year of trying things...
WHY HAS HE NEVER, EVER MADE ONE FLY? He has had more opportunities to hit a home run then 10 other businesses. Why has he not? He went to Harvard, Berkley and Law school in Vietnam. Even a bonehead could make a sand recovery company that already is making money better and get his cut. But he never does. NEVER. He get an MOU or LOI or a partner agreement and in a few months, it's something else and nothing ever comes of the other thing.
Even horrible businessmen get lucky and make a company make money, not Henry. It's always something new evey couple of weeks or months. Maybe he has ADD? That is my question: Why has Henry with many, many chances to go big with all his opportunities, never finished a single opportunity.
THATS AN HONEST QUESTION. Not bashing. Why can't Henry make money given ALL the chances he has had over the years.
Yeah, your probably right.
Forgot...this is a pump and dump. Even if the 8-K wasn't really a pump, enough dummies didn't read it to know what it said so more 6's seem to be selling. Sold 1M 6's and have a buy in for 4's.
That should keep the 4's away...
For a couple of days anyway. People foaming at the mouth at ST for an 8-K name change for KOTA and a price increase. At least it could still be in the works.
All Henry needs is money...lots of money.
So...about that bounce play.
Whats those charts telling you today?
Company Presentation 2017.
http://phiglobal.com/download/PHIL-Presentation-NOV_2017.pdf
"Our goal is to reach consolidated revenues of $350 million and profits of $45 million by the end of 2020.."
And another fake loan.
NEW YORK, Sept. 08, 2016 (GLOBE NEWSWIRE) -- PHI Group (www.phiglobal.com) (OTC Markets:PHIL), a U.S. diversified holding company engaged in mergers and acquisitions announced today that the Company has signed an agreement with Milost Global, Inc., a U.S. private equity firm, for a commitment of up to $100 million to finance the Company’s future acquisitions and provide for working capital needs. Investment in the amount of USD 50 million will be as equity and USD 50 million as loans. https://www.globenewswire.com/news-release/2016/09/08/870525/35971/en/PHI-Group-Secures-100-Million-Commitment-to-Finance-Acquisition-and-Growth.html
All I can say is...unbelievable. The "DD King" never mentions any of this stuff. Why? doesn't fit his narrative.
Another year...another Facebook page.
https://www.facebook.com/phiglobal/
Looks like Henry starts a new Facebook page every year. All of them have a trail of failed/fake projects listed.
I did a Google search: PHI Group 2015 and there were a dozen listings of LOI's and MOU's as well as "Business agreements" with various companies.
Google PHI Group and pick a year. It's truly unbelievable the number things Henry has tried and NEVER finished a single one.
Henry...your a freekin genius! You have successfully scammed dummies out of million of dollars for decades.
Pacific Petro Feb. 03, 2016
https://www.globenewswire.com/en/news-release/2016/02/03/807290/35971/en/PHI-Group-Signs-Agreement-to-Acquire-Majority-Interest-in-LPG-Company.html
PHIL | June 17, 2015
NEW YORK and SINGAPORE, June 17, 2015 (GLOBE NEWSWIRE) -- PHI Group, Inc. (Trading Symbol:PHIL) (OTCMarkets:PHIL), a U.S. public company engaged in energy and natural resources, announced today that the Company has signed a definitive contract with Vietnam-based KHM Joint Stock Company to supply up to 125 million metric tons of reclamation sand from Vietnam to Singapore and Asian markets over a period of five years. https://stockhouse.com/news/press-releases/2015/06/17/phi-group-signs-definitive-contract-with-vietnamese-company-for-125-million
And this gem. Share count from 2010 to 04/2022 From 9M to 28B. dilution? nahhh...https://www.macrotrends.net/stocks/charts/PHIL/phi-group/shares-outstanding
Sheesh...how many Facebook pages does PHIL have?
https://www.facebook.com/PHIGroupIncEnergyandNaturalResources/posts/wood-pellet-project-in-live-oak-florida-cornerstone-biomass-corporationcornersto/1394195650904120/
2015 was a busy year for Henry.
PHI Group, Inc. April 18 2015
Wood Pellet Project in Live Oak, Florida - Cornerstone Biomass Corporation
Cornerstone Biomass Corp., a Florida corporation, is a joint venture between AG Materials, LLC and PHI Group, Inc. to set up and operate a 200,000 MT wood pellet plant in Live Oak, Suwannee County, Florida. https://www.globenewswire.com/en/news-release/2015/01/21/1006616/0/en/PHI-Group-Partners-With-AG-Materials-to-Set-Up-a-200-000-MT-Wood-Pellet-Factory-in-Florida.html
NEW YORK and MANILA, Philippines, Nov. 30, 2015 (GLOBE NEWSWIRE) -- PHI Group, Inc. (PinkSheets:PHIL), a U.S. public company engaged in energy and natural resources, announced today that the Company has signed a Joint Venture Agreement with Manila-based Spartan Mining and Development Corporation ("SMDC"), to form PHI Spartan Resources, Inc., a new Philippine entity to be equally owned by both companies. https://www.globenewswire.com/news-release/2015/11/30/791395/10157375/en/PHI-Group-Signs-Joint-Venture-Agreement-With-Filipino-Spartan-Mining-and-Development-Corp-for-Dredging-Zambales-Rivers.html
NEW YORK, NY and KUALA LUMPUR, MALAYSIA--(Marketwired - Apr 6, 2015) - PHI Group, Inc., (www.phiglobal.com) (OTC PINK: PHIL) (NASDAQ: PHIL), a company focused on energy and natural resources, announced today that the Company has signed an agreement with Fusion Crest Sdn Bhd, a Malaysian company, to jointly set up an oleochemical plant in Johor, Malaysia. https://www.globenewswire.com/fr/news-release/2015/04/06/1006621/0/en/PHI-Group-Partners-With-Malaysian-Company-to-Set-Up-Oleochemical-Plant.html
So...wood pellets...Dredging company...Biodegradable chemical company. 3 more things Henry never did. It's a bottomless pit of failed/fake projects.
Power Hour!!
Remember when that was a thing? Now that the stock has been diluted by double in the last year it doesn't happen anymore.
hope we don't close at 4...
Interesting..PHIL $5000 Henry $150,000
Stumbled onto this. Updated yesterday too. https://wallmine.com/otc/phig/officer/2155571/henry-d-fahman
Sure quite here...
Guess hitting a new 52 week low has a way of doing that. Why don't one of you Henry fanbois step up and buy those 6's I got up for grabs. If you really believe...you'll buy them!
It was just a formality.
Probably done by his attorney. I wouldn't call it "hearing from Henry." There was no GB (get bent) involved.
Just a filing for name change.
Henry mentioned this in the last CC I believe that he was going to change the name of the company. Looks like he is going to change the ticker name too.
At least it's not another empty MOU or LOI. To bad is wasn't a filing that meant money in the bank.
B/A Size 42,047,400 X 158,287,200
4's painted and the ask is higher then the bid. This is the result of Henrys silence and lack of completion. Hitting 4 probably tripped a bunch of stop losses.
Gee...imagine that.
Another old saying: "We all reap what we sow"
When was the last time Henry did ANYTHING?
I'll wait....
Damn that market inefficiency.
It seems to be getting more inefficient. Wonder how many days in a row we can close at 5 before we close at 4.
And still not a peep out of Henry. I guess there is always "next week".
What happened to the APR dividend?
It expired June 30 2022 and was not renewed or an 8-K issued updating a new date. Guess we can add that one to the list of MIA visions of grandeur.
300M dumped in the last 15 minutes.
Manipulation? Note holders jumping ship? .0004 coming soon. Bet we see a huge average trade after hours today.
Good thing Henry is locking up shares for BB.
LOL!
Took me too long to figure it out.
Honestly, I should have been suspicious and started doing more of my own DD when the first big hypes never happened. It's all out there for people to find but I was way to willing to listen to the pumpers like DJK and Cordova. It's not like I haven't owned plenty of other crappy penny stocks where the CEOs live large off the shareholders.
I wanted to believe and was blind and stupid. I was SO sure I was going to be a Philionare...even bought the stupid T shirt.
The tipping point was Philand Ranch. Slick marketing, lots of hype and tons of videos. There is a 7 part interview with Henry and some other guy I watched it hit me like a brick. Henry was saying the EXACT same poop about Philand Ranch as he is saying now about the diamond exchange, the gold mines the agriculture stuff and vinafilms.
Just like INND, BLGO and a bunch of other stocks I got killed on. The CEO is a snake oil salesman. I was pissed. I screwed myself again. Then the gloves came off and I started flipping this fast and furious. I have made my money back and made a little more and still hold 5M+ sharers and will patiently wait for the next pump. So now I'm a basher. Why? Because I HATE lyingpeiceofshitmotherfucker CEOs that pray on the investors. Do I care if people load the boat with this crap stock, nope. But I do have the right to point out to people that this guy is just another con artist that living large off of you and please don't be disappointed when he one day takes the money and runs.
Watch this 7 part series and then tell me how awesome Henry and his scam projects are.
$3.50 and NASDAQ by end of year.
LOL! Remember when loons were saying that.
We don't know for sure yet.
My interpretation of what the 10-Q said says we get bubkiss. For us to get anything Henry has to put up some money to be eligible. Maybe all that dilution is going to help pay to get the CO2 tokens rolling.
To that, I'd like to know what kind of return we get for how much we put in. The next financials will be very interesting.
OK...how much are we making?
How many tokens are out there, how many have been sold and whats our profit on 50.1%
So shares = tokens? I'm thinking no. Since Henry is pretty good about verbiage in his SEC filings, I would think he would have used the word "token" if thats what it was.
Guess we find out for sure when the next 10-Q comes out.
According to the last 10-Q...
9. AGREEMENT WITH CHOKY F. SIMANJUNTAK (CYFS Group)
On August 02, 2021, the Company signed a Letter of Intent with Indonesia-based CYFS Group, headed by Mr. Choky Fernando Simanjuntak, to sponsor and co-found CO2-1-0 (CARBON) CORP to implement a new disruptive carbon mitigation initiative through environmentally sustainable projects starting in Indonesia, Vietnam, other ASEAN countries, and worldwide. On September 21, 2021 CO2-1-0 (CARBON) CORP was incorporated as a Wyoming corporation to manage this program. PHI Group will contribute a major portion of the development budget and will hold 50.1% shares of CO2-1-0 (CARBON).
So I'd say we won't make a dime off it until:
A.They offer shares and list on a market then we get 50.1% of what ever amount of shares they offer.
B. Henry has to cough up some coin to help pay for development.
Conclusion: Another one of Henrys talking points that will yield nothing.
He fooled us all.
Still fooling a lot, like the post below me. Henry is counting on fooling people. Thats how these crooked CEO's roll. I never bought into his religious views and actually put that as a black mark against him. I've known some seriously evil people that used God as their cover. Saying "God Bless" doesn't guarantee a person is legit.
Hopefully he will fool enough people we can get a good pump out of this soon so I can get out.
I don't think Henry is failing.
He has done quit well for himself. He travels the world and shmoozes with Arab sheiks.
That said, he has a long history of failing the shareholders. We are the ATM's that never run dry. If you really take a look at his long term track record it's 100% obvious of what is going on. He lives large thanks to us. I mean honestly...how can anybody truly believe that in 20 years he has NEVER had one successful business venture, not one. And there have been many, MANY opportunities for him to nail at least one.
Even the worst, stupidest business man would have been able to finish and prosper on at least one venture in 20 years. Think about it...would you do what Henry claims to do for 20 years with zero results and keep doing it? At what point would you say: "Man I suck at this, I'm going to open a Pho restaurant instead and call it a day."
Henry is a genius. Us...not so much.
I doubt it.
.02 maybe. Double the OS killed any hope of silver. If we see Henry continue to dilute it will further kill any hope of .02. Remember, he still has 29B shares he can dump. If he dumps all 29B in the next year, forget even getting to a penny.
Another thing to keep in mind is the more shares he dilutes, the more shares he has to sell. If the upcoming financials are as grim as the last one, ain't nobody going to be buying except the Henry fanbois that love throwing money in the toilet. And even those guys will eventually figure it out.
Me too.
I think .01 is possible. If Henry hits a HUGE home run and completes everything on the list and shows a big revenue number we could see .02. But with all those shares now it's not NASDAQ (lol) material anymore. If the BB was 30B shares, we could see .05 I think. It all boils down to Henry finishing EVERYTHING. And assuming he doesn't dilute the other 29B shares.
So sorry to hear that.
Much to young.
Sorry to say, this one isn't coming back.
Dilution killed our chances for any kind of big move. With 29B shares left to dilute, it's over. Unless Henry stops diluting right now, gets some big loans, and does the BB for the full 25B shares there is no way this will ever see .02 again. theres just too many shares out now. I've seen this time and time again with these stinky pinkies. They dilute to survive, never complete projects or generate revenue and then they slide into low trips until they do a RS thinking it will generate excitement and get people buying again. Ultimately they go back to low trips, destroy the shareholders and eventually go no bid.
Perfect example is HPIL and GNCP. PHIL is following in their footsteps. It will take a rabbit of epic proportions from Henry to save us now.
From his past performance, he doesn't have what it would take.
Nah...too soon.
I think it's time to go back To Philand Ranch. Enough people have forgotten about that it could be a real gold mine.
Oh...did somebody say gold mine? We haven't had an update on the 30% cut of that gold mine in the Philippines yet. Surely we should be making bank on those 500,000 Oz by now.
https://www.globenewswire.com/en/news-release/2022/02/23/2390400/0/en/PHI-Group-Cooperates-with-Philippine-Company-to-Finance-and-Mine-6-7-Billion-Worth-of-Gold-and-Copper-Resources.html
Oh, plenty more to dilute.
He could still dump another 29B if he wants to. He has 60B total to play with.