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180,322,581 added to the pile.
So much for "no dilution". But...but...Henry is locking up shares.
Only $90,000 pocket change at .0005. Must be Henrys travel money. Not enough to pay for anything else.
Use your own brain! Read the reports!
Here are the outstanding shares as of 03/31/2021: 16,948,202,519
And the outstanding shares as of 03/31/2022: 28,319,126,230
Thats an increase of 11,370,923,711 in one year .
If Henry was locking up shares that number would be going down. Why on earth would you dilute over 11B shares just to pay somebody to hold them?
NOTHING is on the books..NOTHING. If Henry is having somebody buy and hold those shares, there is money involved. Henry has no money.
Sheesh...
Your listening to DJK.
I've watched all the CC and Henry never once said they were locking up shares. Please feel free to point out which CC and at what time in the CC.
Here is a link to the 8K discussing pushing the BB out until 2023.
https://www.sec.gov/Archives/edgar/data/0000704172/000149315222009604/form8-k.htm
It also says that the BB is contingent on loans.
1. Purpose of Repurchase: To enhance future shareholder returns.
2. Details of Repurchase:
a. Class of shares to be repurchased: Common Stock of PHI Group, Inc.
b. Amount of repurchasable shares: As many as economically conducive and optimal for the Company.
c. Total repurchase dollar amount: To be determined by prevalent market prices at times of transaction.
d. Methods of repurchase: Open market purchase and/or negotiated transactions.
e. Repurchase period: As soon as practical until June 30, 2023.
f. The Company intends to fund the proposed share repurchase program with proceeds from long-term financing programs, future earnings, disposition of non-core assets and other potential sources, subject to liquidity, availability of funds, comparative judgment of optimal use of available cash in the future , and satisfaction of certain open contractual obligations.
g. The share repurchase program will be in full compliance with state and federal laws and certain covenants with the Company’s creditors and may be terminated at any time based on future circumstances and judgment of the Company.
Do your own DD!
$10,000,000 to buy 20B @ .0005
Thats chump change for Elon Musk. But impossible for Henry. If Henry had that kind of money he would be crazy to do a buyback anyway. The money would be MUCH better spent on KOTA or 5G.
oh...right...right...the loans. Anybody that thinks that ANY lending institution would lend anybody that only made $5000 last year a billion dollars should hustle on over and buy a couple million shares of HPIL...oh wait...you can't...ok then waste your money on PHIL instead.
Time will tell. It's up to Henry.
If he doesn't get to it and start showing something that could make us some money then the down we go. If nothing happens by the next financials I'd not be a bit surprised to see a big dump and the price go down a lot...well...it can't go down a lot because zero is only 6 clicks away.
Bottom line...Henry hasn't delivered the goods. Even people not willing to sell 5's will eventually be happy to take something over nothing.
And a thumbs up for being willing to listen. Even to my "not happy" posts.
Of course you do.
But I interpret it different then you. I'm looking at the Bid/Ask spread, not how many were sold.
Right now there are 547,108,300 on the bid and only 54,616,600 on the ask. To me this shows a LOT of people want those 5's and nobody wants to sell those 6's. So that why the low number of sales of 5. Nobody wants to sell at that price....yet.
Starting to look like 7's are done.
Just like the 8's eventually fell. Guess we bar code 5-6 until the 5's fall. Then we bar code 4-5 until the 4's fall.
Henry is MIA. No done deal means we go to .0001.
Don't forget the huge increase O/S.
The O/S number has almost doubled from this time last year. Things could move a lot when 15B shares were trading at 310,718,678 volume. 31B shares trading at 35,000,000 volume isn't going anywhere.
Doubling the share count has killed share holder value.
Sure it was. We just didn't know it.
It hit .02 on the promise of VF audit being finished and making enough profit to go to NASDAQ. Of course neither happened and here we are stuck in the trips.
All the hype is empty. One thing after another. No VF, No KOTA, No 5G. No loans. In fact the ONLY thing that Henry came through on in the last 18 months was to get current. And well...that really wasn't an option to flake on. That would have been the end of PHIL for sure. Just look at what happened to HPIL for not getting current. .0001 and no bid. Unlikely that one will ever see the light of day again.
That was then, this is now.
Now we all learned that Henry is just talk. I was stupid and listened to DJK and his one sided DD. Now I've done enough of my own DD to see that Henry has NEVER finished anything in the last 20 years. Plenty of opportunities and many could have been huge. But....you have to follow through.
LOI/MOU/Or strategic partnerships don't make money.
At some point people will catch on to whats going on here and this will go to .0001 and then no bid. Then a R/S and the game can start all over again till it goes to zero again.
If Henry doesn't finish one thing by the end of the year it will be blatantly clear even to the most diehard Henry fanboi.
Very good point.
So at least we will know if Henry is dumping shares. That leaves a lot of others that aren't insiders that can dump. If it's not dilution then all those shares are coming from somewhere. Guess we see Friday if the OS updates.
IMO it's longs and note holders that have gotten tired of waiting for Henry to do something or fear he won't do something. History is pretty clear on that point.
Yeah...pretty far fetched I guess.
Unless......You went to every bank on the planet and they laughed you out the front door when you asked them for a billion dollars with nothing to back it and only made $5,000 last year and spent $18,000,000 to make it. 20 years in the making and still nothing to show. 66 years old, ready to retire but not a dime in the bank.
OR....keep slogging away for a few more years and hope my health hangs on until I can BS somebody for a huge loan. And if that doesn't work continue living large off the shareholders dime knowing at anytime the jig could be up and the SEC might take a closer look at what I've been doing and run the risk of going back to jail.
Looking at it that way....I'd cash out in a heart beat and vanish. He's been awfully quite lately. Might be the warm up for total silence. I mean, come on, it's not like hundreds of other penny stock company CEO's have never done that before.
Thats my opinion, like it or leave it...GB (get bent)
So how could those big dumps NOT be dilution?
My theory is that it's all the people who got shares as payment or note holders cashing in. Or maybe even Henry himself, he has millions of shares that he got in lieu of wages. All those shares have already been accounted for and wouldn't change the O/S count because they have already been counted when issued and wouldn't show up now as dilution. Note holders cashing out won't show as dilution. Fact_matters had tons of shares, if he cashed out those shares, they wouldn't show as dilution.
I'm thinking it is shareholders that have been holding shares for a long time that don't care if they make a profit. Something is better then nothing and that Johnny Parks guy has a butt load of shares to dump, as does Henry. We know these are SELLS and not BUYS. If the volume today was all buys, we would have moved up...not broke even. Just my thoughts on this strange trading pattern and the lack of movement in spite of good volume..
Interesting article on dilution.
https://stockstotrade.com/diluted-shares/
Looks like numerous way shares can get diluted. We could be seeing some of the stock offerings jumping out or some of the people that Henry gifted shares to dumping. It seems to me that people that are holding shares that they didn't actually pay for are the culprits here. Most people that bought can't/won't bail and take the loss.
71M dump at the EOD?
Or was that a T trade?
How do we know it's dilution?
Legit question, how can we be certain. Since the last 2 O/S structure updates have not changed, can we be certain that what we are seeing is dilution. Is it possible that adding more shares to the O/S doesn't have to be reported? Or is there a time frame when they have to be reported and Henry is holding off.
I guess the only way to know for sure is with quarterly reports. Although it would be really nice to know on a daily basis.
Anybody want to chime in on this with some fact and not speculation.
dumpathon has begun again.
25M just unloaded. Maybe somebody with L2 can see if they see anything.
50M dump?!?! Yikes!
Note holder dumping or more dilution?
A good website designer would build the site and make it live but put up a false front.
When I used to do websites I'd post the site live but put up a "coming soon" splash page but have the complete site behind that to show clients with either a login or a private link. It would never go public until all the bugs were worked out the client signed off. There was always lots of tweaking to do and the clients were always involved and the last thing we wanted was the public to see our "work in progress" because it was unprofessional to have typos and wrong information.
Yes, correct. Half assed isish.
8 MOU'S? 8 LOI'S? 8 pump PR's?
DJK only gives one side of the story.
I've confronted him many times about telling the whole story and he brushes it off as "the past". Well...right this minute will soon be "the past".
To truly have "knowledge" you must first acknowledge a coin has two sides.
Feel free to explore all the many SEC filings. They give a MUCH clearer picture of what is going down then what DJK says.
So...whatever happened to:
https://asiadiamondx.com/ This was supposed to be updated last year.
http://phiglobal.com/ This one too.
https://aprgold.com/ Wheres our damn dividends?
https://glinkarts.com/ Is this Henrys buddy from prison? They seem to have the same philosophy.
https://www.globenewswire.com/en/news-release/2018/01/11/1287336/35971/en/PHI-Group-Partners-with-Vietnamese-Bio-Organic-Fertilizer-Producer.html How much money have we made on organic fertilizer?
The list of things that never happened continues to grow. The list of things that have happened doesn't exists.
Damn that market inefficiency!
Guess nobody is buying Henry's BS PR's anymore. The market is still waiting for Henry to finish something.
Do your own DD!
With DJK you only get the DD that fits his narrative.
You can forget the loans now.
Henry has had to give up part of the Lux fund so I think it's safe to say he couldn't get a loan.
"According to the agreement for participation in the Philux Global Subfund, AZ Holdings Investment will contribute a mutually agreed amount of capital in exchange for a portion of ownership in this Subfund, "
That might get us to .0008!
Good pump! https://finance.yahoo.com/news/az-holdings-investment-jsc-participate-131500156.html
Lots of dreams are over.
Except for Henry. Now that Covid is allowing him to travel and enjoy the good life again he can back to HIS dream of visiting every country on the planet before he dies.
Buyback was never a reality, 5G is over with, KOTA finished, dividends was always laughable. ADE is MIA. Vinafilms, no word.
But you are correct. As long as he can stay current the game can continue and we might get some good pumps out of this. The next financials will put this to bed for good. If Henry spends $18M again to show $5000 profit, safe to say the cat will be out of the bag. As long as he can print money, he will and enjoy the good life on us.
Henry knows what he's doing!
He lives a nice comfortable life with lots of travel, nice suits, good food in foreign lands.
Henry ain't stupid. He lives a great life selling shares and milking shareholders.
Oh yeah, these guys again.
Henry likes doing business with fraud companies. Birds of a feather ya know....
https://www.spglobal.com/marketintelligence/en/news-insights/trending/85wf2vxuwufpfnsj-c1ylg2
Yep...LMFAO!
52172
Monday, February 14, 2022 3:46:26 PM
Re: Exit6 post# 99090
Post# of 105490
Yep .25-.50………
Yes, yes you did...
A couple of times...
dejong
Thursday, February 17, 2022 12:23:22 PM
Re: DP1011 post# 99366
Post# of 105479
Come on...... there will be no trips....
Didn't you say that about trips too?
Like I said..
The loons are on the loose tonight. Or...maybe the jealous bagholders that don't have the huevos to flip a stock.
Mine too..
But a vet of 2 wars and a decorated pilot made him pretty tough.
I could care less about your trades. If your making money your doing better then most and I don't care if I make lunch money or pennies for that matter. At least I'm getting a return and playing this stock the way it's intended.
10-15 million shares?!? I'm SO impressed...or not.
Don't care...
If your making money, good for you! But my Dads tougher then your Dad so there..neener neener.
Sheesh... the loons are out today. Just sayin..
If I had 16M I'd flip at least 2M.
Something is better then nothing. I've been pretty consistent flipping once a week.
Lets do the math. 2 million shares flipped once a week for 2 clicks is $400 minus fees. Times 4 weeks is $1600 a month minus fees.
$1600 will buy you another 16 million shares when this goes to .0001. Free shares.
Something to consider. People claim flippers are bad people. Well...this bad person has made more off of PHIL then 100% of the longs on this board. I want to make money, we all want to make money. Sometimes you have to modify your method of making money to make money. And thats my Kamala Harris word salad for the day.
2 ticks is good enough for me.
I've been playing the 2 click flip for a couple of months with a million shares and made enough to pay this years property taxes. I've got a sell in now for .0008 so hopefully this pumper play time will get us to 8.
As far as long term...I still have 4M stashed away but I'm not holding my breath on that ever producing anything of epic proportions now.