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Relax, dude. You'll likely have plenty of time to flush more money down the toilet. It takes the SEC ages to move on this stuff, and even after they start you can beg for at least one extension without too much effort.
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More utter nonsense. The 7/14 P/R was yet another classic PHIL ridiculous release in a long line of similar ilk. One where PHIL or one of its subsidiaries is going to provide millions in funding to do this or that. There has been a steady stream of these for the past 20 years. How many have panned out? Zero.
Here's a small sampling:
Over the years the concept of 'delisting' has changed. Big PHIL has never been on a real exchange, regardless of how many time uplist was 'imminent' so it has never been delisted in that context.
In the past if you were quoted on the OTC-BB and did not file your periodic SEC reports, at some point you would have an E appended to your ticker, and if you continued to not file you'd be demoted to the pink sheets and the E would come off. PHIL definitely went through this process at least once. Unfortunately while the historical record of this stuff used to be easy to find, now it is about impossible to dig up and now it is handled differently with the reporting tiers.
If a symbol undergoes a reverse split, a D is appended to it for a period of time (30 days or so) after which the D is removed. PHIL has had at least 2 reverse splits. Again, this info used to be easy to find, now it is more difficult.
The bottom line is that PHIL is operating no differently than it always has. Nonsensical PRs, ridiculous revenue predictions, then endless delays, then something new to start all over with. Waiting for the new thing.
What were the fund fantasies? I forget now. $600 million? $6 billion? A trillion? Something preposterous.
This suggests the reality is far lower:
I am just LMAO! That surprised even me. I wonder if it has something to do with the fact that Big Henry alleges he moved the company to Wyoming, yet the SEC and presumably FINRA knew nothing about that and given that the Nevada company is gone, they wacked the listing.
That link is just so funny I had tears in my eyes! LOL! That's just perfect for the PHIL.
No.
Of course Big Henry is not purchasing shares on the open market. That is a siren song of the pink sheets.
Note holders receive payment in discounted shares and of course immediately sell them. That is how toxic lenders work.
If you have trouble grasping this, that's okay. That's what makes the pink sheets work.
Authorized common shares now 40 billion.
This snuck into the Wyoming SOS a couple of days ago.
American Pacific Resources. LOL!
Dissolution / Revocation - Tax - 2020-002847487 Date: 06/09/2020
Filing Status Changed From: Active To: Inactive - Administratively Dissolved (Tax)
Inactive Date Changed From: No Value To: 06/09/2020
Can one of the moderators please sticky the referenced post? Yet another classic.
We have a dark, trip zero, pink sheet company which in 20+ years of existence has issued countless press releases with ridiculous revenue projections for even more ridiculous schemes, yet has never actually completed them.
It has no auditor, and is a year in arrears for SEC filings.
It claims to have created some mysterious RAIF fund, which if we do go back a year to look at the most recent 10-Q we see it state that it will take $5,000,000 euros to establish. And now we are to believe this has been done? LOL!
And big PHIL is going to buy back shares? And list on the DOW?
Preposterous!!!
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I cannot believe that underwhelmed even me. LOL!!! That is just unbelievable! I am just LMAO! Good thing it was able to mention COVID-19 in there. SEC is going to town on the COVID hypers. I certainly hope they get wind of this. I'm just wondering what if you combined the Elixir of Life Water with the "Super Green” High Energy Drop Drink? Whoa!!!
You missing the forest for the trees, dude. The sordid history of the PHIL appears to be: announce ventures with preposterous revenue predictions, mention them again and again over some period of time, then let them fade into obscurity, never to be heard from again, while new ventures are announced. The magical mining machine, the elixir of life water, the perpetual motion power generation, etc. are all recent examples of this.
Now the Luxembourg funds (lol!) have been bandied about for some time. I'd expect it to start to fade away soon, but not until a suitable replacement comes to light. Will that be the Diamond Exchange? We will have to see.
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It is definitely new (domain was created 1/15/2020) and I'll bet big Henry's behind it! How do I know? LOL! Google search all the images. And much of the text. I think you'll find its been used elsewhere...
I believe that was fallout of Big Henry's bankruptcy filing of 2013.
Sounds ludicrous to me.
Costs 5,000,00 Euros just to create the fund. That's real money, not worthless paper or promises.
Even if by some miracle PHIL manages to talk enough hapless souls into funding that, what do they have?
A hedge fund, basically, which allows institutional investors to invest money. Only institutions investing in this are ones where you can check in, but you can't check out. If you get my drift.
Imagine, though, another miracle occurs and some real money appears. To invest in what?
The mythical mining machine?
The elixir of life water?
The perpetual motion power generation contraption?
Sand? Copper sheets?
LOL! GlinkApps. A new low!
This is just a classic. It's hard to type I'm laughing so hard.
Revenue math exercise. Add up the total value of the predicted revenue from all the deals big Phil has announced over its entire history. I'll give you a hint: its billions and billions. Now total up all the actual revenue delivered. I'll give you another hint: it's zero. As in nada, nil, null, zilch, $0.00. Add to that the value of the Lux funds (lol!). $600.00? Throw in the value of the gold mines and mythical mining machine (another $0.00). Then top it off with the value of Vinafilms. What is the value of Vinafilms? Another hint. Big PHIL bought %51 of it with a stack of worthless paper. So grand total value of all of this is ... wait for it ... Zero.Zero. Lux fund ain't worth squat since there is no possible way that the 5 million euro to establish it will ever be paid.
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Well then you asked the right person cause I sure as heck know more than you about this turd and (still laughing while I type this) $600 million is just so ludicrous (still laughing!!!).
$600 million? I am just LMAO! LOL!!!! I'd be surprised if he managed to wrangle $600.00.
I think you are confusing right and wrong. There is nothing wrong here. Instead it appears totally right. Right as in how it has been for the entire history of this turd.
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Delinquent taxes corrected? LOL! Right. Sounds like nonsense to me. Why? Because it takes real money, not stacks of worthless paper (i.e. PHIL stock). Same thing with audits. And the RAIF fund. Real money. My guess is none of these have been none, and never will be.
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Ahh, yes, it is exactly that kind of thinking that explains why you are a bagholder here.
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Here's a blast from the past, circa 2005 from Raging Bull. Has anything changed since then?
Dude, that's just an excellent summary! LOL! I filed an SEC complaint myself a long time ago, but they have bigger fish to fry apparently.
The 'buyback' is of course one of the siren songs of the pink sheets. Another is the 'uplist' to a major exchange. lol! We've heard both of these here before. A number of times over the years.
For a hint about how the buyback will go, review the facts surrounding the most recent buyback announcement. This from 11 December 2009 where some 75 million shares were to be grabbed up.
How many were actually purchased you might wonder? I'll give you a hint: zero, zip, nada, nil, null
Good heavens. Good thing for you your broker won't let you flush your money down the toilet. That link ain't no Fund. It's some nonsense company PHIL created. Here's some words of wisdom from the omniscient mythical phenix:
- You can't make chicken salad outta chicken sh*t
- You can't buy real companies with stacks of worthless paper.
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There ain't no buyback. LOL! The 8.85 Billion is from the last 10-Q filing. You can rest assured that OTC markets is showing *at least* the current count of 13.1 Billion.
How about never? Is never good for you? LOL! This operation has the magical mining machine. (Not to be confused with the elixir of life water or the perpetual motion power generator. Those are other ventures that were promised to bring riches.) No, APR has the proprietary machine that delivers gold out of gravel. Now ask yourself, seriously, when will this venture go public so you can share the profits? LMAO!
Dude, lol!, that is pretty clear cut and about as accurate a description as I've seen for this turd.
There was something actually done. This was back in 2015, when the Cornerstone Biomass project was in play. This venture was going to create wood pellets from sawmill residue (sort of like the gold from gravel idea, lol!) and included this snippet in one of the press releases (lol again!):
Good grief. That address is the registered agent for Phil. Big Henry apparently operates out of his house. He's actually used the home address on various corporate filings.
American Pacific Plastics. LMAO! LOL some more!
Yes, the dilution has been relentless for months. And for purpose? Funding the RAIF master fund? That is just laughable. After all this time, according to the most recent 10-Q, the only funds raised for the RAIF thing have come from some hapless individual. Oh, and the 5 million Euro administrative fee to actual get this going? Nothin. I think all the dilution funds first class travel.
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Yinz are just a riot! LOL! APR is worth exactly as much as the diamond exchange. And the diamond exchange is worth exactly as much as the perpetual motion machine. Which is worth exactly as much as the elixir of life water. Which is worth exactly as much as the sand selling venture. And the copper sheets. And the, I forget exactly, spices or mushrooms or roots of some kind, or something. lol. And the Luxembourg funds. Actually, that is currently the most ridiculous in my book. Anyhow, they all have the same value. Can you guess what it is? Let me help you. Zero. Zilch. Nada. Nil. The empty set. Are you getting this? There is value here, though. No doubt. To the sellers of the notes.
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Yes, I think I can help you with that. I believe the answer is Never. Are you grasping that? I think you will never receive them, and if by some miracle you do, they will never trade since they will be even more worthless than PHIL.
Super! So instead of flushing your money down the toilet, you bought some PHIL. lol! Net result is the same.
This of course is just total nonsense. LOL!
It is stunning how much nonsense gets spewed about here.
Check out this from a 2017 press release:
Yet another Southeast Asia Capital Group plug