123 million is a bit more than expected, but still very manageable for an otc and they're paying cash for others, also a good sign. Good news indeed! $PHIL

That's a fairly large T-Trade...

Don't get too excited about him...He's actually filmed commercials for S*NG and they've dropped like 60% since those were filmed (albeit, unaired). $LDSR

PHI Group, Inc., (www.phiglobal.com) (OTCQB:PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture and special situations, announced today that American Pacific Resources, Inc. (www.aprgold.com), a wholly owned subsidiary of the Company, will be spun off into its own separate publicly traded entity. American Pacific Resources plans an IPO and is expected to list on the Nasdaq Stock Exchange.

PHI Group's Board of Directors has passed a resolution to declare a twenty percent (20%) special stock dividend from its holdings of Common Stock in American Pacific Resources, Inc. to shareholders of Common Stock of the Company as follows: (a) Declaration date: April 23, 2018; (b) Record date: May 31, 2018; (c) Payment date: October 31, 2018; (d) Dividend ratio: All eligible shareholders of Common Stock of the Company as of the Record date shall be entitled to receive two (2) shares of Common Stock of American Pacific Resources, Inc. for every ten (10) shares of Common Stock of PHI Group, Inc. held by such shareholders as of the referenced Record date.

The Company will also file a separate registration statement with the Securities and Exchange Commission for 5,673,327 shares of Common Stock of PHI Group, Inc. that have been reserved as special stock dividends for shareholders of record as of July 31, 2012.

With APR's strong forward revenue streams to substantiate the value of the blockchain token, Gildex is expected to be one of the most successful tokens. The Company believes the spinoff will greatly benefit PHI Group and our shareholders due to the special dividend they will receive.

Henry Fahman, Chairman and CEO of PHI Group, Inc. stated: "This is a monumental event for PHI Group's shareholders. In the past, our shareholders benefited when we spun off ATC Technology, Inc., one of our subsidiaries, into a separate publicly traded company, which has now become Cellular Biomedicine Group, Inc. (http://www.cellbiomedgroup.com/) and is trading on the Nasdaq Stock Market. Now with this new deal completed, we plan to form a cryptocurrency incubator and repeat the process to continue creating additional value for our shareholders."

On another note, the Company will update our shareholders regarding the launch of the Gildex token and other special projects in the coming weeks.

That caveat was removed in the actual announcement of the dividend. They have a specific declaration date and a specific issue date. As long as the spinoff happens, we get shares. We don't have to wait for APR to hit any further goals beyond listing...at least that's how I read the most recent announcement. $PHIL

Have to believe they'll want to use the most recent (and hopefully, best) numbers, so I would imagine the filing with happen with the release of financials, or shortly thereafter. IMO. $PHIL

Well, yeah...we know it IS going to happen, but I'm not sure there is a 'when' date until after the "vote"...

I don't think there is an official date, I think they don't officially vote on it until the end of the May.

We'll have to find out if the APR shares are going to be restricted, and for how long the restriction is if they are. A lot of questions still to be answered, but everything is looking great! $PHIL

I'm ready to go full exorcist! $PHIL

That would be great...doesn't seem like the volume is quite here yet, though. Hopefully bids start to pile up and we can move very far north! $PHIL

Agreed...no way that 300k bid would be on the board if there were dilutive shares to be sold. They would eat that up. $PHIL

Bid numbers are slowly creeping up in both price and quantity...I picked up more this morning. Lots of projects in pipeline for PHIL aside from APR as well, which is great! $PHIL

Couldn't agree more.

We are all just waiting on the financials...let the flippers do their thing at these levels. If the financials show revenue, this will move, flippers or not. Right now, there is a lot of uncertainty with a lot of key elements; Share Structure, Revenue, Clients, and even ownership of the shell, are all somewhat unclear. That is why this is stagnating. I'm not saying the financials are going to be good or bad (hopefully good), but that is going to be the catalyst this is going to need to move with any significance. IMHO

I agree with you that we're going to know soon enough. We have to remember that the announcement was about a spinoff of APR, not about the ICO. While we're lumping them into one another, they are two separate events (although they may end up being very connected, we'll see). If Henry releases another $1 Billion dollar ICO tweet without any substantiation, then maybe we start questioning the white papers...for now, I'm comfortable waiting for the true announcement of the ICO. $PHIL

This scam is one of the most elaborate I've ever seen...

Nah, actually this is a solid company, but if StockZoom is getting stickies, you know it is time to move to other sources of information and DD.

I am now actually hoping we don't hear too much about it until after May 31st, and I'm also really hoping it is staying under PHIL and not APR. But I anticipate many people profit taking (possibly myself included) after the record date, which means a PPS drop. It believe it will be to a much lesser extent if we're still looking forward to Gildex at that time. Obviously my opinion, but who knows? Either way, I think we're good! $PHIL

It means they add 250 million shares for the sole purpose of converting debt into shares...or in plain English...they are using their really big proctologist probe on shareholders.

TDA shows .0357 x .209 right now (I know it's after hours) and I chuckled to myself. Love the incremental gains, let's keep it rolling! $PHIL

I would agree with that, others may not. That's what makes this a beautiful game. Eventually one side will be proven correct, I just hope we're on the right side of it.

No solid answer there...depends on the situation and what the financials show. I've seen some tick up, some skyrocket, and some do nothing. If you're wondering about our situation here, I am of the opinion that whether good or bad, the reaction will be extreme (either way) depending on what the financials say. Seems to be the only missing piece of the puzzle here. That's not always true for each stock.

Keep in mind those are for the companies that wish to stay current with the exchange. If you search the OTCMarkets website, you'll find plenty with STOP and yield signs which means they missed the reporting dates. Some haven't filed in years. They can still be actively traded even with those designations.

They will be in October, when they actually hit the account. Not May when they are earned.

They will be in October, when they actually hit the account. Not May when they are earned.

"know", I don't think we know that for sure...but all the dots connect to...low revenue (from what we're heard) and a whole bunch of LOI/acquisitions, only 1 way to fund that in their current structure...

Nope...Wow, if we're in the clear from the notes in addition to APR and Gildex...we couldn't be set up better! Also, with the May 31st deadline, I would be surprised to see much profit taking prior to that. Now after that date...we shall see.

Figurative cliff, not literal...just in case that needed to be clarified

I would also like to thank Cordova for keeping me off the cliff the last week or two...there were times I was close to jumping...much appreciated, no matter where we end up! $PHIL

Saw that...I'm still showing .0356 x.042...tomorrow should be strong too! $PHIL

And most importantly, it wasn't paint! $PHIL

Great point. No way they can justify a spin-off with sub-par revenues. I wonder if they overshot projections, or found some load they know can back a separate stock. Extremely good sign in my in my opinion. Now more volume and we're rolling! $PHIL

Great update Ardberg! Thank you! $PHIL

Glad I dumped another stock yesterday and got more at .02. Felt like the right decision. Now we gotta get this on the BOB and get more eyes/money this way! $PHIL

Thank you, Henry!

I believe they have to announce it before doing it, legally, to avoid insider trading issues.

I got nothin...Not sure what broker you use, but I didn't have that issue this morning, but it is interesting.

I've noticed that too... Not sure what the explanation is for it either.

What I got from the article is there is still some confusion about who actually owns the shell. It is believed to be getting clarified, but because it is on-going, Jason won't/can't comment on "his" company until it is officially (legally) his.

What I got from the article is: We retained the top notch law firm to deal with this situation, and it will get resolved. Problem is, how much is it going to cost the company to do so. I feel like WTP wouldn't take on a case like this if they didn't think DATA443 could A) win and get the company legally for DATA443 and B) DATA443 didn't have the revenue stream to pay them.

Overall, it isn't great news, but it does explain some of the silence from the company (Jason).

I know it is old and perhaps others have seen and posted it (I haven't seen it)...but it actually looks like the token is ready to go should the necessary paperwork get filed with the SEC. Not saying it will happen, but if it does, it actually looks like they could launch it quickly.

https://github.com/klickzie/klickzie-token