Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
#Logic.
Except. Let's hope most were arranged for back at trips and anything more now is icing.
Right, and again...$10m buys 25b at .0004 so why wouldn't this have been fully or mostly completed then?
Going to be very interesting to find out.
25b is a lot obviously, and would be unbelievably good for us, but I feel like could have been achieved back at .0001+
So curious how many now are already accounted for vs. how many left to get.
$10m buys 25b at .0004
So we're likely sitting well.
We only need 1 and this will start rolling.
Meaning we may not have any shares purchased info until the 10K, unless Henry decides voluntary to share the info in a PR or 8K.
Relevant comments in bold below.
Now talking about the present first let me go back one step here probably let's not talk about the diamond exchange first let's talk about the buyback program actually this is a very sensitive issue and I want to share with you. So far we have worked with a investment bank with a broker-dealer to assist us in the buy-back program and there are a couple of individuals that have also offered to assist in the process right at this moment. The buy-back program is not a one-day one-type thing you know we have filed the recent extension in December it's a very sensitive issue.
On the one hand we would like to see our stock rise a lot and rise quickly for our shareholders but we cannot expect that to happen quickly and on the other hand of course the company wants to buy back a lot of shares so we have a conflicting point here in a certain sense. We need to be very prudent we need to be very agile in the process of doing the buyback and every time we are able to book and secure a certain block of shares we have to disclose it with the Sec and so far we have made certain arrangements. We have not closed those transactions directly on our books yet. I mean disclose or report it to the SEC but as soon as we do that of course you know it will be public information and then you will all see.
So in a nutshell we want to share with you the buyback program is underway it been arranged and certain things have been done but no booking on our books yet and then you know we cannot say exactly how many shares that we have brought back or how many more we do but the goal is we want to retire as many shares as possible in the
course between now and December and you know we also need to look at the reality of the marketplace and also the opportunities that we have and we need to make a decision please keep in mind whatever we want to do we want to make sure that we keep the interest of our shareholders at heart. We don't want to do something that will hurt our shareholders and that's why you know it's something we could do but we have to be very careful we have to be very prudent and we have to be very
sensitive to the needs of our shareholders.
Henry confirmed the buyback has been underway through negotiated deals with brokers and some individuals. The question is when will we see evidence of that, ie when are the shares "on the books" and retired?
Someone mentioned 8k's as the blocks are purchased, I'm not sure, but I believe repurchased shares need to be disclosed in a company's next quarterly filing that would include the purchase date, not necessarily in an 8k. If so, we would be waiting for the annual report.
Of course, somebody correct if I'm wrong.
Agreed. And I don't think enough people grasp the significance of Asia Diamond Exchange aside from the other PHIL accomplishments.
Which is very unfortunate as I like hearing from Henry live. He's very genuine and likeable.
Looking forward to the first block of BB shares if only to shut down the clowns.
I needed a day to separate from the cc antics.
Reading this transcript now I feel like I should take out a loan to buy more shares.
Re: Asia Diamond Exchange
Before the company was current I was not able to do that but now officially we can say that we have it.
So in a nutshell we want to share with you the buyback program is underway it been arranged and certain things have been done but no booking on our books yet
Looking good. Different impression when reading it. Thanks for putting this together :)
$PHIL = ADE... so according to Henry we have the biggest players in the diamond industry on board, not to be revealed until the ADE press conference. If true and accurate, and so far as some connected dots seem to indicate, and if these partners turn out to be certain people who fit that bill, this ADE will turn out to be an unbelievably huge success.
#optimistic
Here's the thing, did Henry tell us the buyback was cancelled?
No.
Did he tell us that ADE isn't going to happen?
No.
If you take the emotion out of the equation, you realize that the CEO publicly confirmed that he is working with broker/dealers and individuals in negotiated buyback deals, which can now finalize b/c of current status. When that happens (blocks of shares on the books) we will know. (8k's as they come?)
The CEO also confirmed that Asia Diamond Exchange is in progress, we have rough diamond commitments in fact, and major known international players in the diamond trade are on board.
OK, it was verbal. So you have to assume
a.) it's true
b.) he's lying
c.) he's not lying, and his intentions are good, but it will fall through and no way it will happen
We do have dd that increases our odds he's not lying, and that it's not going to fall through. Could it? Sure, but what we don't have RIGHT NOW is dd suggesting failure, therefore at this point c.) would be FUD.
b.)? Everything so far Henry's said has come true, even if the timeline's been longer than expected. I, for one, don't have direct evidence of lying yet.
Therefore we are left with a.) which means we are at the literal beginning stages of a diamond exchange and all of the implications of that. Pretty good news.
Even 02 is cheap compared to 05. It's all relative based on where you think it has the capacity to go, within a time frame you can live with.
I'm still good.
Don't forget Henry dealt with communist prison guards in Vietnam. He'll be just fine.
Agreed. Thanks for posting.
A Buyback 8k will be the next immediate catalyst then.
Agreed. Seemed like he cut it short.
Also, I vote keep what you found to yourself and we wait it out.
Agreed. Seemed like he cut it short.
Also, I vote keep what you found to yourself and we wait it out.
He mentioned a group involved, anybody catch that?
What was the group named that in relation to Diamond Exchange info?
Didn't Henry mention some group involved?
A PR tomorrow would be nice to offset the effect of the cc.
Like the first block of BB shares maybe asap...
Agreed. I can do without the stupid comments.
Did he say Billion?
Vinafilms still under audit.
Henry's not providing details on APR other than working to make the dividend meaningful to shareholders.
Very soon hopes to publish the first block of shares bought back.
He cannot give amounts.
Re: Buyback Henry says he's worked with broker/dealers and some individuals but can't share specifics until on the books, as that happens it will be made public and we will see it.
Ready to get back on OTCQB!
Too bad some made a big deal out of this, doesn't concern me one bit.
Henry is reviewing why he can't be a broker, what happened back in the day.
Henry just closed it off for new logins due to capacity.
Logged in, better not boot me out for waiting too long :)
Pretty quick jump to 36, what happened?
Here we go. Approaching the day high.