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Vinafilms. lol. Vinafilms continues to be bandied about by the phantasy spinners on stocktwits. Who remembers Vinafilms? Anyone?
Henry tells us he traded 50 Million shares of Class A Series III Preferred Stock of PHIL for 51% of the outstanding shares of Vinafilms back on 28 September 2018.
Wow. That's a lot of shares. What can you do with 50Million shares of Class A Series III Preferred Stock of PHIL? Well, the answer is:
PHIL is not party to any lawsuit that would compel the repurchasing of shares.
Toxic lenders give money to companies that can't get legitimate funding in exchange for deeply discounted shares. Then they dump the shares as soon as they can. What they chiefly need is volume to dump the shares. That's the hype that often surrounds false and/or misleading press releases and ridiculous revenue predictions. Stick around. Big PHIL has a note coming due in just a few days.
And the reality is...
This of course from the HAJ Finance 'loan' backyard clubhouse rules.
https://philuxglobal.com/wp-content/uploads/2022/09/Petrochemical-Refinery.pdf
The 'loan' agreement reads like some kind of backyard kid's club bylaws. lol! Plus there is a 3% origination/underwriting fee. For those of you math challenged, that's 45 million dollars. Right.
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Refinery for sale:
(sorry, had powerplant on my mind as I was chuckling over the tires and coal to Laotian electricity)
Powerplant for sale:
Oh my goodness! LOL! What exactly is this? It purports to be some kind of proposal for a new refinery. Is that it? And the process diagrams? Copied from text books? And the pictures? KNPC operations? It reads like a history of an existing refinery somewhere:
The case of the vanishing SPBV shares...
From the 10Q for the quarter ending 3/31/2022:
Marketable securities held by the Company and classified as available for sale as of March 31, 2022 consisted of 91 post-split shares of Myson Group, Inc. (formerly Vanguard Mining Corporation) 292,050,000 shares of Sports Pouch Beverage Co., both of which are publicly-traded companies quoted on the OTC Markets (Trading symbols “MYSN” and “SPBV,” respectively). The fair value of the shares recorded as of March 31, 2022 was $4,088,905.
Now it's no secret I think the true valuation is a whole lot closer to $0.00 than $4 million, but ignoring that for the moment...
From the 10-12G filed by Glink on 8/17/2022 we see there are 674,124,007 outstanding shares and the SPBV shareholders are
Chinh Trong Truong with 72.598% at 489,400,000
Kathryn P. with 18.543% at 125,000,000
Cede & Co (that's the bagholders with brokerage accounts) with 4.812% at 32,440,793
followed by a whole list of bagholders with various piddling amounts.
No sign of the PHI Group holdings. Wonder what happened to them.
This of course is just total nonsense. I'm sure you believe it though.
Crown Bridge is not settling with PHIL. The SEC brought a case against them and there is a proposed settlement. In that settlement they (Crown Bridge) agree to surrender any unexercised notes etc. and forfeit any shares they may still hold from these notes. The likelihood that Crown Bridge holds any PHIL shares is very low since the nature of their business is to dump the shares as soon as they get them. Crown Bridge is most certainly not compelled to buy any shares on the open market, and owes PHIL jack squat. Is that so hard to understand?
Also there is another phantasy being floated on stocktwits that suggests a case brought by yet another pink sheet turd Darkpulse against EMA Financials has something to do with PHIL. It has nothing to do with PHIL.
Looks like Kota Energy is being sued by an outfit called "Speed of Light Ops" in Utah district court. Speed of Light Ops is claiming that Kota Energy has pirated some of its trade secrets. I believe this has to do with software Speed of Light Ops developed to assist in solar installations. Read all about it on PACER.
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Grand Duchy of Luxembourg.
Official name of Luxembourg. The country. Similar to the official name of Rhode Island: State of Rhode Island and the Providence Plantations.
However, referring to this we have the master of DD (i.e. Due Dufusness) DJK assuring the stocktwitters: "I checked on it and it's a title that Henry holds for having the Lux Fund open for legal and international reasons."
LMAO!!!!
Looks like I'm going to need to create an account over there. It's just too entertaining not to wade into...
Funny thing though about the Pellets. Big Henry actual bought some land in Florida for that. It showed up in the SEC reports for awhile. It was eventually sold for a loss. It just made me think yet again, who was zoomin who on that deal? Just like the ATC Gamego deal from even further back. Circa 2002.
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Convertible notes...
Here's an interesting read of relevance to PHIL. If you want to understand how these things work. Lol!
https://www.sec.gov/litigation/complaints/2022/comp-pr2022-135.pdf
Crown Bridge held a number of convertible notes with PHIL over the years. 9/21/2021 was the most recent I could find from Subsequent Events section of the 10 Q for the quarter ending 3/31/2020:
2/9/21 CROWN BRIDGE PARTNERS LLC 216,393,200 Note conversion
2/9/21 CROWN BRIDGE PARTNERS LLC 238,365,100 Note conversion
The fake loans are just, well, unbelievable. LOL!
Haj Finance: https://hajfinancegrouponline.com/
No phone number, and no real address: Hatat House Ground Floor Ruwi Muscat Sultant Of Oman
Sultant of Oman might be a person. Sultanate of Oman is a place.
Google that address. This comes up: https://www.fairoarkinvest-groupinc.com/
Oh my goodness! WTF?
And the Crypto loan from one William Hogarty. Impossible to know exactly who that refers to. Wonder if its any relation to this dude, former Mr. California:
https://www.pleasantonweekly.com/news/2013/04/22/financier-and-employees-charged-with-16-counts-stemming-from-real-estate-fraud
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De Minimis....
Here's an example of the idiocy circulating on stockwits:
How about a link to the stocktwits discussing how some unnamed third parties are buying shares for Henry that they will hold and he will eventually purchase to effect the buyback. ... ... LMAO!!!!!!
That is about the most preposterous thing I have ever read on these boards. LOL! But the true believers eat it up. Similar to the 'loans' which is also laughable. And glink arts with their $120 million worth of Picasso paintings. And the gold dividend. And the Vinafilms revenue. I mean I could go on and on but really, how much more than the 'buyback' does one need to know where this is heading?
This game was played 11 years ago by Catalyst Resource Group and Rerun Recovery. Same participants. Similar scheme.
https://sec.report/Document/0001140905-11-000045/
Vietnamese investor fakes purchase of tiny Texas bank
https://www.spglobal.com/marketintelligence/en/news-insights/trending/85wf2vxuwufpfnsj-c1ylg2
Lol! This our boys? Sure looks like it.
LOL. Big Henry creating yet another new company (something he actually appears proficient at) makes me wonder what the status of some of them are as he tends to let them dissolve...
American Pacific Resources:
Dissolution / Revocation - Tax - 2022-003700736 Date: 06/09/2022
Asia Diamond Exchange:
Delinquency Notice - Tax - 2022-003691259 Date: 06/02/2022
The Liens. I find the liens almost as interesting as the 'loans'. Check this out: https://bizfileonline.sos.ca.gov/search/ucc
Put in Fahman, then sort by date, and open up the 6/24/2022 entry.
List of debtors includes essentially four entries for the same thing: Philux Global Group fka Phi Group fka Providential Holdings fka Providential Securities. And the rest of the entries? I wasn't aware they had any assets that could be liened. lol!
Debtor Name AMERICAN PACIFIC RESOURCES, INC.
Debtor Address 30 N GOULD ST STE R, SHERIDAN, WY 82801
Debtor Name CO2-1-0 (CARBON) CORP.
Debtor Address 15272 FLINTRIDGE LN, HUNTINGTON BEACH, CA 92647
Debtor Name EMPIRE SPIRITS, INC.
Debtor Address 30 N GOULD ST STE R, SHERIDAN, WY 82801
Debtor Name FAHMAN, HENRY DACK
Debtor Address 15272 FLINTRIDGE LN, HUNTINGTON BEACH, CA 92647
Debtor Name PHI GROUP, INC.
Debtor Address 15272 FLINTRIDGE LN, HUNTINGTON BEACH, CA 92647
Debtor Name PHILUX CAPITAL ADVISORS, INC.
Debtor Address 15272 FLINTRIDGE LN, HUNTINGTON BEACH, CA 92647
Debtor Name PHILUX GLOBAL GROUP, INC.
Debtor Address 15272 FLINTRIDGE LN, HUNTINGTON BEACH, CA 92647
Debtor Name PROVIDENTIAL HOLDINGS INC
Debtor Address 17011 BEACH BLVD STE 1270, HUNTINGTON BEACH, CA 92647
Debtor Name PROVIDENTIAL SECURITIES INC
Debtor Address 17011 BEACH BLVD STE 1270, HUNTINGTON BEACH, CA 92647
Debtor Name VINAFILMS INTERNATIONAL, INC.
Debtor Address PO BOX 11149, WESTMINSTER, CA 92685
A comedy of errors. Lol! Philix, Philux, Phicked, Phucked? Which is it? Looks like Big Henry changed the name to Philux Global for whatever reason, but the SOS dude typed in Philix. LMAO!
And so the omniscient Mythical Phenix has finally deciphered the mystery of the phantasic valuation Phil has placed on its marketable securities. It must be attributable to the SPBV shares which may, at some point, if FINRA ever gets around to it and if FINRA actually allows it convert into shares of Glink Arts Global Group following a 1 for 500 reverse split.
But we knew that already.
What we just found out is that Glink Arts Global Group allegedly holds some $180,000,000 worth of Pablo Picasso paintings. Never mind that one of them (Horors of the War) simply does not appear to exist, and another ('The Kiss') is apparently something other than Pablo Picasso's 'The Kiss', and 'Music And Jar' which does exist but was painted in 1956 yet the 'appraisal' shows it as 1946. Oh, and $30,000,000 worth of David Truong paintings. LMAO!
And what exactly are those 'appraisals'? LOL! You have to read them to understand how ridiculous this is. Scroll down to the bottom, its worth it:
https://glinkarts.com/businessplan/
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The marketable security phantasy keeps getting better and better. Now its up to $4.088 million according to the most recent 10Q.
Yet MYSN is a shell and SPBV wants to morph into GLink where they sell coffee and velvet Elvis paintings I think. Oh, and they want a 1 to 500 reverse split, but FINRA still hasn't given the go ahead on that months later.
Marketable securities held by the Company and classified as available for sale as of March 31, 2022 consisted of 91 post-split shares of Myson Group, Inc. (formerly Vanguard Mining Corporation) 292,050,000 shares of Sports Pouch Beverage Co., both of which are publicly-traded companies quoted on the OTC Markets (Trading symbols “MYSN” and “SPBV,” respectively). The fair value of the shares recorded as of March 31, 2022 was $4,088,905.
Securities available for sale Level 1 Level 2 Level 3 Total
March 31, 2022 None $205 $4,088,700 $4,088,905
What is a level 3 evaluation you ask?
Answer: Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement.
The marketable security phantasy keeps getting better and better. Now its up to $4 million:
Marketable securities held by the Company and classified as available for sale as of March 31, 2022 consisted of 91 post-split shares of Myson Group, Inc. (formerly Vanguard Mining Corporation) 292,050,000 shares of Sports Pouch Beverage Co., both of which are publicly-traded companies quoted on the OTC Markets (Trading symbols “MYSN” and “SPBV,” respectively). The fair value of the shares recorded as of March 31, 2022 was $4,088,905.
Securities available for sale Level 1 Level 2 Level 3 Total
March 31, 2022 None $ 205 $ 4,088,700 $ 4,088,905
June 30, 2021 None $ 5,792 $ 379,665 $ 385,457
Feel free to use the working title I have for the book I'm not writing on bagholders such as those here. It is 'Red Stains on the Pink Sheets".
Why do you repeat this nonsense? It's just ridiculous.
MYSN is worthless. It has nothing to do with PHIL. It was abandoned. Took over by some hapless shareholder who petitioned the court for ownership. Affected a reverse split. NASDAQ? That is of course preposterous.
SPBV. Is apparently intended to be a vehicle for Glink to peddle shares. Also wants to do a reverse split, but FINRA just hasn't let that happen yet. They might eventually. They might not. Who knows? Its value? LOL!
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Marketable securities held by the Company and classified as available for sale as of December 31, 2021 consisted of 905,000 shares of Myson Group, Inc. (formerly Vanguard Mining Corporation) 292,050,000 shares of Sports Pouch Beverage Co., both of which are publicly-traded companies quoted on the OTC Markets (Trading symbols “MYSN” and “SPBV,” respectively). The fair value of the shares recorded as of December 31, 2021 was $3,804,795.
This from 10-Q for quarter ending 12/31/2021.
Lol. MYSN was a dormant company taken over by some dude named Peterson who restructured it. From the most recent 10Q.
Trading symbol: MYSN
Exact title and class of securities outstanding: Common stock
CUSIP: 628635 10 4
Par or stated value: $.00001
Total shares outstanding: 69,778 as of December 9, 2021
I think this takes into account the 1:10000 reverse split which has not been deemed effective yet by FINRA
PHIL claims they own 905,000 shares. Curious.
As for Sports Pouch Beverage Co. This apparently worthless entity is apparently being reincarnated as GLink (lol!) with a 1:500 reverse split. That has not happened yet.
So what is the true value of these holdings? My guess it is far far closer to 0 than 3.8 million.
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RESTAURANTS CLICK TO RECIEVE FREE BAGS
lol. That's enough for me. From https://verisealed.com/
But of course there is more. From the PR:
I'll admit it. The 'loans' have really piqued my interest. They are just so preposterous! lol! Lots of good stuff in the 'lender' websites, but they keep disappearing. Here's one that hasn't disappeared yet: www.arablge.com
This is just too funny. Love the misspellings, e.g. Headquaters. No address, no phone number, office hours, but what time zone? Broken links.
LMAO!
Have a look at the 'career' page: www.arablge.com/career.php#
That alone is just ridiculous, but now compare it to www.lyonsandassociates.com/career/
Virtually identical, including misspellings.
Some kind of career template. Here's another: www.stratejibroker.com/career.html
You just can't make this stuff up!
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Ramping up the share count! LOL! No real surprise here, except perhaps that it has taken this long. Authorized shares now 60 billion up from 40 billion.
Filed at https://wyobiz.wyo.gov/Business/FilingSearch.aspx
The most inane PHI Group company issue of 2021 [see end of post for last year's nominees].
As usual there are many worthy ones. I've listed my favorites in roughly chronological order but keep in mind that some of most preposterous are recurring themes.
The acquisition of Five Grain Treasure Spirits (for $100 million)
The ADE token. With it 'Consumers will be able to design and purchase custom diamond jewelry and loose gemstones at significantly better prices'. But it gets better this year with 2.3 billion shares for Johnny Park and Whankuk Je for their expertise in developing the token.
Teaming up with Hung Hung Thinh Group (can't make this up) to construct the ADE.
The Carbon token.
The Vinafilms revenue. Lol!
Glink. They sell, what, coffee and velvet paintings of Elvis?
The purchase of the KOTA operations. For $64 million.
But of course none of these compare to the true highlights of the year. Ready?
Number 3. The APR dividend. Still ain't happened. Curiously the previous purchase of the mines and mythical mining machine was revalued from $25 million to $462K.
Number 2. The Buyback. But it's not just the never happening buyback. It's also the notion that some mysterious entities are actually doing the buyback on PHIL's behalf.
Number 1. The $5.0 billion in loans. Easily the best of the year so far. Suspended websites quickly reincarnated with a whole host of duplicates. Actually pictured the deputy mayor of Philadelphia as one of the clients. Along with Apple. No phone numbers, but an email address. Lol!
Last year's nominees:
The SEC filings don't spell it out but I believe that is what it was attributed to. Then there is this tweet:
APR phantasies versus realities:
From a press release dated 19 December 2017:
You forgot to mention the best part of the APR nonsense, which is the 'proprietary HYMAX HD processing system' which can somehow turn gravel into gold. This claim alone should be enough to convince anyone with even an ounce (no pun intended) of sense that this whole operation is yet another phantasy.
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This is just nonsense:
Henry and the 'Q' Challenge. Big Henry talks about the uplist to the NASDAQ often. Of course that is just ridiculous, but nontheless, who can find the earliest mention of this? Best I could do was 2007:
https://www.globenewswire.com/en/news-release/2007/09/04/1006695/0/en/Providential-Holdings-Chairman-and-CEO-Henry-Fahman-to-Be-Interviewed-on-WallSt-net.html
I believe I can help you with this.
1. Phil's 70% stake in Five Grain worth 600M revenue: ain't happening
2. Phil pre-arranged share buyback: pure phantasy
3. ADE tokens: yet another carrot
4. The fake loans. I mean come on! lol!
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Oh my goodness! I don't have a lot of time to waste on penny stock BBs, so I stick to IHub, still has some entertainment value.
Found this: https://www.reddit.com/r/philstock/
User named ilyafallsdown
LOL! Some good reads re: the fake loans over there.
Main page of neokuae.com, scroll down, Dampee Group pic of Jane Smith.
LOL! That's the deputy mayor of Philadelphia.
Johnny Park and Whankuk Je. Hmmmm. Seems they go way back together too. A Nevada business. LIVE CITI, Inc. Circa 2008.
Curious thing about Johnny Park and the lucrative consulting gig. Big Henry and Johnny go way back. Turns out nodummy put together a brief review of that which I've copied below.
From the S-8 filed 9/17/2021 we learn that 2.6 Billion shares of PHIL common will be registered for the PHI Group Employee benefit plan. We also learn that you don't have to be an employee (of which PHIL appears to have 3) to get these shares.
From the most recent 10-Q filed 11/22/2021 we learn that: As of September 30, 2021 the Company has issued 767,000,000 shares for consulting service under the PHI Group 2021 Employee Benefit Plan.
We also learn that: ... Company will compensate the Consultants by issuing One Billion One Hundred Fifty Million (1,150,000,000) shares of Common Stock of PHI Group, Inc. to JP and One Billion One Hundred Fifty Million (1,150,000,000) shares of Common Stock of PHI Group, Inc. to WJ from the 2021 Employee Benefit Plan of PHI Group
Furthermore, we find that under subsequent events that: ... Issuance of 1,533,000,000 shares of Common Stock for the Services Agreements dated September 21, 2021 with Johnny Park and Whankuk Je
So Park and We expect to receive 2.3 Billion shares in total and have clearly received 1.533 Billion shares. What is 2.3B-1.533B? Why its 767,000,000.
That's quite a coincidence. Seems Park and Je might already have been paid in toto. 2.3 Billion shares. That's almost 10% of the shares. Must be some real valuable help they're bring to the table...
Here's nodummy's post from the DD Support Board and Research Team: