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.
Dude, let me give you a hint. Zero. Zilch. Nada. Nil. Null. The empty set. Are you getting the picture?
Did I read that right? They are 'getting ready to be thinking about maybe doing something sometime in future'. LOL!
These boys are ramping up the authorized share count like there is no tomorrow. This was filed 3/29/2019.
Big Myson. Too funny. It is hard to imagine a turd more worthless than PHIL, but think MYSN would be a safe bet. Sports Pouch Beverage SPBV as well. I'm just LMAO as I type that. Yet PHIL values these as:
You are right. I don't get it. LOL! Here's what I think:
1. Constant dilution is necessary. That's what pays for the overseas trips.
2. No OS reduction via share buyback. That's the siren song of the pink sheets. One of the siren songs. Going to the 'Q is another. Both have been told here.
3. Bank fund is a fantasy. Can't make chicken salad outta chicken sh*t.
4. The dividend? Wait, which dividend? The one that was promised back in 2012 to make up for the 1 for 1500 reverse split? Or the APR gold shares dividend? Both are just so ridiculous I have to laugh just typing this. My guess is neither ever materializes.
5. What else hasn't been forgotten yet? Oh yeah, the Diamond Exchange. Yes. Another fantasy I think.
6. As long as conversions need to take place, we will continue to have nonsensical message board pumping and the occasional press release
--
The PHIL comedy show never ends. What the 8K actually says is:
Is that right? You done contacted the corrected contacts and it all checks out now. Big Grant Thornton just coughed up info about their alleged clients to you over the phone. I am just LMAO. Personally, I think you were spot on in the first place.
--
Authorized shares now 9.8 Billion. Doubled the preferred shares too. That is just preposterous. lol! Still not enough to cover the payment to Rush Gold Royalty.
Looks like some are already gone. LOL!
HYDE PARK
Location: Grant, Oregon
Acres: 4
Owner: American Pacific Resources Incorporated
Type: Lode Claim
Disposition: Closed
Claim Located Date: Oct 01, 2017
Claim Rejected Date: Dec 14, 2018
Closed Date: Dec 14, 2018
Loaded to BLM Database Dec 19, 2018
READ MORE
KINGSTON, a , 19.25 acre mine in Oregon owned by American Pacific Resources Incorporated.
KINGSTON
Location: Grant, Oregon
Acres: 19
Owner: American Pacific Resources Incorporated
Type: Lode Claim
Disposition: Closed
Claim Located Date: Oct 01, 2017
Claim Rejected Date: Dec 14, 2018
Closed Date: Dec 14, 2018
Loaded to BLM Database Dec 19, 2018
READ MORE
GOLDWELL, a , 20.66 acre mine in Oregon owned by American Pacific Resources Incorporated.
GOLDWELL
Location: Grant, Oregon
Acres: 20
Owner: American Pacific Resources Incorporated
Type: Lode Claim
Disposition: Closed
Claim Located Date: Oct 01, 2017
Claim Rejected Date: Dec 14, 2018
Closed Date: Dec 14, 2018
Loaded to BLM Database Dec 19, 2018
READ MORE
CLARKSON, a , 20.66 acre mine in Oregon owned by American Pacific Resources Incorporated.
CLARKSON
Location: Grant, Oregon
Acres: 20
Owner: American Pacific Resources Incorporated
Type: Lode Claim
Disposition: Closed
Claim Located Date: Oct 01, 2017
Claim Rejected Date: Dec 14, 2018
Closed Date: Dec 14, 2018
Loaded to BLM Database Dec 19, 2018
I'd be willing to bet a gazillion shares of PHIL that the maintenance fees and whatever other things that need to be paid for these claims are either overdue, already in default, or will never be paid.
--
Go to the head of the class! All the schemes have the same theme: make something out of nothing. My wise pappy used to say, "You can't make chicken salad outta chicken sh*t". Lol!
That is just preposterous. Lol! Are you laughing while you're typing? Paying the notes in cash is just nonsense. End of the notes? There is no end.
Here's a mystery that even the mighty mythical phenix can not unravel.
You all remember when PHIL bought the gold mines and magical mining machine on 2 September 2017. lol! Anyhow, there is an amended 8-K filed 21 February 2018 that changes the details a bit.
Basically, the price paid is $5,000,000 in combination of case and promissary note and $20,000,000 of Class A Series II preferred stock with an original issue price of $5.00/share. Thats 4,000,000 shares for anyone math challenged. According to the amendment, this stock is convertible into PHIL common stock 2 years after the date of the sale at a ratio of Original Issue price + cumulative 8% dividends / 0.75 times PHIL common stock.
Using today's price, that's $23.328 Million / 0.75 * 0.0006 = 51.84 Billion with a B shares. LOL!
Anyhow, that is not the mystery. The most recent 10Q and the most recent 10K both refer to this deal and note that the shares paid was actually 10,000,000.
In defense of the PHIL, there has not been a false and/or misleading press release issued since the end of November last year. lol!
These days it's tough to find a complete history of past press releases. Here's a couple of years worth of headlines. Some of this stuff is just so ridiculous it makes me laugh just thinking about it.
PHI Group Comments on Operating Results for the Quarter Ended September 30, 2018 Press Release | 11/20/2018
PHI Group Amends Special Stock Dividend in American Pacific Resources, Inc. Press Release | 11/14/2018
PHI Group Forms New Subsidiary for M&A Transaction with Saigon Pho Palace JSC Press Release | 11/05/2018
PHI Group Extends Payment Date for Special Stock Dividend in American Pacific Resources, Inc. Press Release | 10/31/2018
PHI Group and Saigon Pho Palace JSC Sign Agreement to Swap Stock and Prepare for IPO Saigon Pho Palace's Revenue to Exceed $90M in Fiscal 2018 Press Release | 10/30/2018
Saigon Pho Palace JSC Signs Agreement with PHI Group, Inc. to Swap Stock and Prepare for IPO Press Release | 10/30/2018
PHI Group Signs Agreement to Acquire Majority Interest in Saigon Pho Palace JSC Press Release | 10/17/2018
PHI Group Announces Release of New Corporate Video Press Release | 10/11/2018
PHI Group Closes Acquisition of Vinafilms JSC Press Release | 10/10/2018
PHI Group Signs MOU with Saigon Pho Palace JSC for Real Estate Development and Other Business Activities in Vietnam Press Release | 09/28/2018
PHI Group Designates Preferred Stock to Prepare for the Closing of Vinafilms Acquisition Press Release | 09/27/2018
PHI Group Acquires 51% of Vinafilms JSC with Preferred Stock Press Release | 09/25/2018
Southeast Asia Capital Group Signs Contracts to Provide Copper to Vietnam Press Release | 09/24/2018
PHI Group Engages Grant Thornton Vietnam Ltd. for Valuation of Vinafilms JSC Press Release | 09/13/2018
PHI Group Partners with Hanoi MHD Invest JSC for Real Estate Investment and Development Activities in Vietnam Press Release | 08/16/2018
PHI Group to Qualify for Nasdaq with Acquisition of New Vietnamese Plastic Manufacturing Company Press Release | 08/06/2018
PHI Group Forms Subsidiaries for Acquisition of Manufacturing Company and Joint Venture in Blockchain Businesses Press Release | 07/30/2018
PHI Group Forms Subsidiaries for Acquisition of Manufacturing Company and Joint Venture in Blockchain Businesses Press Release | 07/30/2018
PHI Group to Acquire Majority Interest in a Profitable Vietnamese Plastic Manufacturing Company Press Release | 07/25/2018
PHI Group to Acquire 51% in a Joint Venture with Filipino Regent Blockchain Group to Engage in Offshore Financial Center and Blockchain Businesses Press Release | 07/23/2018
PHI Group Partners with Fintech Green Investment Company Press Release | 07/11/2018
PHI Group Forms Subsidiary for Investment and Development Activities in Vietnam Press Release | 06/28/2018
PHI Group Forms ComMatrix, Inc. to Provide Innovative High-Speed Broadband Solutions to the Developing World and Rural Areas of Industrialized Countries Press Release | 06/07/2018
PHI Group Extends Record Date for Special Stock Dividend in American Pacific Resources, Inc. Press Release | 05/29/2018
PHI Group Declares Special Stock Dividend and Spins off American Pacific Resources, Inc. Subsidiary Press Release | 04/25/2018
PHI Group Cooperates with German and Indonesian Companies to Provide Logistical and Payment Solutions to Indonesian Maritime Transportation Systems Press Release | 04/09/2018
PHI Group Signs Agreement to Purchase 600-Acre Farm for Organic Fertilizer and Model Organic Farming Program in the U.S. Press Release | 04/06/2018
PHI Group Cooperates with Local Companies to Grow 3,000 hectares of Sacha Inchi in Vietnam Press Release | 03/26/2018
PHI Group Engages Renowned Consulting Firm to Assist in Deployment of Blockchain Technology Press Release | 03/22/2018
PHI Group Provides Important Corporate Updates Press Release | 03/12/2018
PHI Group Provides Project and Revenue Updates Press Release | 03/12/2018
PHI Group Reports Operating Results for the Second Quarter Ended December 31, 2017 Press Release | 02/20/2018
American Pacific Resources Launches GILDEX Blockchain Coins for Gold Industry, Estimated to Bring Upwards of $1 Billion Value in the Coming Year Press Release | 02/01/2018
PHI Group Updates on Industrial Park, Greenhouse, Medical Cannabis and Wellness Treatment Resort Projects in Transylvania, Romania Press Release | 01/30/2018
PHI Group Reports Sale Revenues and Provides Updates on Transformational Corporate Developments Press Release | 01/26/2018
PHI Group Partners with Vietnamese Bio-Organic Fertilizer Producer Press Release | 01/11/2018
PHI Group Sets Up Subsidiary to Invest in Broadband Communications Company Press Release | 01/09/2018
PHI Group Signs Agreement to Build Industrial Park, Clean Energy Power Plant and Greenhouses in Transylvania, Romania Press Release | 01/02/2018
American Pacific Resources Begins Shipping Gold Ore Concentrates Press Release | 12/19/2017
PHI Group to Set Up Luxembourg Bank Fund to Finance Investment Projects Press Release | 12/05/2017
PHI Group’s Former Subsidiary Signs Contracts for 2,400,000 MT of D2 and HSD Euro-IV with Refinery Press Release | 12/04/2017
PHIVITAE Corporation Partners with Lao Company to Supply Pharmaceutical Products and Medical Equipment Press Release | 11/14/2017
American Pacific Resources Partners with Lao Company to Develop a 67,000-acre Gold Mining Project Press Release | 11/07/2017
Abundant Farms Appoints Chief Technology Officer to Start Production of Organic Fertilizer for North American and Eastern European Markets Press Release | 10/31/2017
PHI Group’s Subsidiary Supplies Special Breakthrough Water Conditioning Systems for Cannabis Growers Press Release | 10/17/2017
PHI Group's Former Subsidiary Engages in Oil Transactions, Goes Public Press Release | 10/11/2017
PHI Group’s Former Subsidiary Engages in Oil Transactions, Goes Public Press Release | 10/11/2017
PHI Group and AQuarius Power Provide Breakthrough Land-based Wave Energy Technology to Europe Press Release | 10/09/2017
PHI Group’s Subsidiary American Pacific Resources, Inc. Completes Acquisition of Majority Interest in 400-Acre Mining Claims Press Release | 10/04/2017
American Pacific Resources, Inc. Completes Acquisition of Majority Interest in 400-Acre Mining Claims Press Release | 10/04/2017
PHI Group Engages Research Team from Auburn University for Study of Organic Medicinal Plants Press Release | 09/28/2017
PHI Group Engages Research Team from Auburn University for Study of Organic Medicinal Plants Press Release | 09/27/2017
PHI Group Employs AQuarius Power Technology for Yen Bai Province Renewable Energy Project Press Release | 09/21/2017
PHI Group Update from CEO Henry Fahman September 14, 2017 - Corrections Press Release | 09/14/2017
CORRECTION: PHI Group Update from CEO Henry Fahman September 14, 2017 Press Release | 09/14/2017
PHI Group Update from CEO Henry Fahman September 14, 2017 Press Release | 09/14/2017
PHI Group’s Subsidiary American Pacific Resources, Inc. Signs Definitive Agreement to Acquire Majority Interest in 400-Acre Mining Claims Press Release | 09/06/2017
PHI Group’s Subsidiary American Pacific Resources, Inc. to Acquire Majority Interest in 400-Acre Mining Claims Press Release | 08/31/2017
PHI Group Forms Subsidiary, Signs LOI to Acquire European Pharmaceutical and Medical Device Distribution Company Press Release | 08/28/2017
PHI Group’s Former Subsidiary Engages PLS CPAS for Financial Audits to Go Public Press Release | 08/25/2017
PHI Group’s Subsidiary Starts Production and Sale of Innovative Water Conditioning Systems for Agriculture Market Press Release | 08/24/2017
PHI Group Forms Strategic Alliance with Tho Xuan Duong JSC, a Vietnamese Traditional Medicine and Herbal Company with Nearly 400 Years’ History Press Release | 08/22/2017
PHI Group Partners with Aquarius Power to Provide Breakthrough Renewable Energy Technology to Vietnam Press Release | 08/10/2017
PHI Group Partners with Vietnamese Company Specializing in Forest Bitter Melon Press Release | 08/07/2017
PHI Group JV Receives Approval from Yen Bai Province for 100-MW Clean Energy Power Plant Project Press Release | 06/14/2017
PHI Group Acquires Majority Interest in Romania-based Maxagro SRL to Launch Organic Farming Program in Europe Press Release | 05/31/2017
PHI Group Provides Water Conditioning System to Boost Yields and Increase Revenues for Agriculture Press Release | 05/23/2017
PHI Group Regional Center Files Application with USCIS for EB5 Immigration Investor Program Press Release | 04/27/2017
PHI Group to Partner with Maxagro Group of Romania Press Release | 04/19/2017
PHI Group Forms Subsidiary “Smartway International, Inc.” as Holding Company for Traffic Management Services Press Release | 04/11/2017
OTC Markets Group Welcomes Newly Verified OTCQB Companies – April 3Announcement | 04/03/2017
PHI Group Establishes New EB-5 Regional Center Under Immigrant Investor Program Targeting $15 Million Organic Farming Project Press Release | 03/20/2017
PHI Group Signs Investment Agreement for $10 Million Funding Press Release | 03/07/2017
PHI Group Signs Contract to Purchase Farm in Florida Press Release | 03/06/2017
Only mention of bonuses in the 10Q is this:
Been wondering that myself. How much is first class airfare between LA and Vietnam? LOL!
This is just so ridiculous it is beyond laughable. LOL! But I can't help myself.
What's all the fuss about? They are both about as worthless as can be. Nothing times nothing is still nothing. lol!
[Yawn...] My guess is actual revenues will be about what they every year: pretty much zero.
Is that an all time low? Tough to tell with the reverse splits. I think the last one was back in 2012, 1 for 1500.
Don't be so paranoid. The real purpose of penny stocks is to transfer wealth from the hapless and naive to the insiders. It is a very effective mechanism as you can see.
--
Curious thing about Vinafilms...
Apparently it is also known as Vinh Nam Phat Packaging Films.
https://vietnamcredit.com.vn knows that name, shows two entities:
Company's Name Address Telephone Number Tax Code
VINH NAM PHAT PACKAGING FILMS JOINT STOCK COMPANY III-3D, ROAD CN 11, CN III GROUP TAN BINH INDUSTRIAL ZONE, TAY THANH WARD (84-28) 5444 2351 – 5444 2352 0303547345
NEW VINH NAM PHAT PACKAGING FILMS JOINT STOCK COMPANY LOT G9 ROAD NO. 9, TAN DO IP, DUC HOA HA COMMUNE (84-272) 3817 147 1101832077
Clicking the first one kinda sorta maybe looks like our Vinafilms: Founded in 2004, Ms. DO THI NGHIEU is general director, website is www.vinafilms.com.vn. But the address does not match the one in the 8-K.
Hoovers (www.hoovers.com) knows about it:
Name Location Sales
VINH NAM PHAT PACKAGING FILMS JOINT STOCK COMPANY Ho Chi Minh, Ho Chi Minh City, Vietnam $27.1M
Clicking the second tells us founded in 2016 and not much else. But the address matches what Big Henry told us in his 8-K on this subject.
Hoovers (www.hoovers.com) knows about it too:
Name Location Sales
NEW VINH NAM PHAT PACKAGING FILMS JOINT STOCK COMPANY Long An, Long An, Vietnam $0.68M
Lol! Which one is it exactly Henry?
--
Yes. Inane press releases touting such things as the mythical mining machine, the perpetual motion power generating machine, and the elixir of life water. Endless stream of press releases referencing deals with ridiculous revenue predictions that never materialize. Spinoff shares that cost more to remove from your brokerage account than are ever worth.
Not an exhaustive list. Just some of my favorites.
--
10K needs to be audited. Previous auditor resigned back in July if anyone remembers. lol! Let's see how the new guy does...
That's funny but you forgot one zero: The zero asset company is purchasing the zero asset company with a stack of paper worth zero.
--
A blast from the past. lol! Big Dana was also a promoter for MRXT. Marx Toys. One of my favorite turds. Steven Wise and Larry Vindman. Check this out:
https://www.sec.gov/litigation/admin/33-8281.htm
AT&T's motion to dismiss filed 9 August 2018 should be required reading for anyone with any legitimate interest in this story. It lays out very clearly and convincingly (with some humor thrown in as well) why this dog just won't hunt.
--
Lol! Have you figured it out yet? I'll give you a hint. There ain't no gold in them there hills. At least not for PHIL.
Fun with Wyoming SOS and American Pacific Resources. Look at this from the history. I just have to LOL!
Now that is truly interesting. Last year I thought they moved the corporate registration to Wyoming. From the most recent 10Q:
There was the matter of a company they called Catthai, that did make it to the pink sheets, but was suspended by the SEC in September 2009. Curiously I could not find a Catthai in the Nevada SOS database.
From the 10Q for the quarter ending 9/2007:
Recycling some of the old names. First we had Johnny Park with the gold mine, now we have Allen Wu with some blockchaining. I just have to laugh. Check out this post from the past:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=76190037
That's post 5731.
Or this link, from 2010:
https://stocktradingnews.wordpress.com/tag/real-estate/
You can't make chicken salad outta chicken sh*t.
Truer words were never spoken. lol!
Here's a classic from the SEC:
https://www.howeycoins.com/index.html
The SEC Has an Opportunity You Won’t Want to Miss: Act Now!
FOR IMMEDIATE RELEASE
2018-88
Washington D.C., May 16, 2018 —
If you’ve ever been tempted to buy into a hot investment opportunity linked with luxury travel, the Securities and Exchange Commission has a deal for you.
Check out the SEC’s Office of Investor Education and Advocacy’s mock initial coin offering (ICO) website that touts an all too good to be true investment opportunity. But please don’t expect the SEC to fly you anywhere exotic—because the offer isn’t real.
The SEC set up a website, HoweyCoins.com, that mimics a bogus coin offering to educate investors about what to look for before they invest in a scam. Anyone who clicks on “Buy Coins Now” will be led instead to investor education tools and tips from the SEC and other financial regulators.
...
Note this nugget:
That is just so funny! LMAO! I've been thinking the same thing for years, but nodummy just has this way of succinctly pulling it all together in a single post.
A sign? LOL! You don't need a sign. Its spelled out for you pretty clearly in the SEC filings. This is just the most recent. Looks like they're going to the well on a regular basis...
This has to be the funniest thing I have read with regards to PHIL in some time (from the gildex website and white paper). The perpetual motion power generator and the elixir of life water announcements don't even come close.
And can't forget about this. I can't seem to access the actual page, only google's cache of it, but this is what it is:
Catalyst Resource (CATA) Utilizes Breakthrough Technology to Unlock Value
By Justin Kuepper · Thursday, July 14th, 2011
Catalyst Resource Inc. (OTCQB: CATA), a precious metals recovery and technologies company utilizing three proprietary extraction technologies to exploit a number of opportunities, similar to companies like Energy Recovery Inc. (Nasdaq: ERII) and Joy Global Inc. (Nasdaq: JOYG), may be positioned to unlock significant value for investors over the coming quarters.
To syndicate this article, or for more information, please contact us online or call (406) 862-5400.
Catalyst Resource Inc. (OTCQB: CATA) is a precious metals recovery and technologies company utilizing three proprietary extraction technologies to exploit a number of opportunities. Through an exclusive agreement with Rerun Recovery Inc., the company will utilize the firm’s technologies to develop two of its mines in Alaska and Oregon and will be entitled to 70% of the net profits generated.
The Beluga Alaska mine is a 160 acre property – with an option to purchase an additional 46,080 acres – located 60 miles from Anchorage, Alaska. With a solid infrastructure for mining activity and strong prospects, the company’s initial results have tested positive for significantly higher quantities of rhodium, palladium and gold than usual. Meanwhile, the second mine is located near Granite, Grant County, Oregon.
Breakthrough Technology Enhances Recovery
Originally developed by renowned green technology inventor Wilmot McClutchen, owner of Vorsana, Catalyst Resource will utilize breakthrough technologies designed to dramatically enhance mineral recovery rates. According to a recent press release, the proprietary recovery system could increase recovery rates up to 10,000% more than traditional methods.
At the heart of the portfolio, the Vorsana Tri-Phase Separator is an inexpensive and easily scalable mechanical device that separates solids from liquids without the use of heat, chemicals or dead-end filters. The technology is based on radial counterflow principals, which involve the use of mechanically-induced vortices to separate lighter fractions of fluids or gases from heavier ones.
Using the same basic principles, the Vorsana Gas Scrubber provides continuous separation of gaseous components emitted from chemical leach tanks and other precious metal processes that emit toxic or environmentally-sensitive gases.
With these two technologies combined, the company’s mines under development will be far more environmentally-friendly and remarkably cost-effective to operate than traditional mines.
Joint Venture and Licensing Potential Ahead
Under the terms of its agreement with Rerun Recovery, Catalyst Resource also has the ability to form additional joint ventures in conjunction with Rerun Recovery and license the technologies. According to a recent press release, “the company intends to form several joint ventures with other mine properties and start to license out its patented separation process to other mining, processing, recovery and refining operations around the world.”
Joint ventures that involve other companies taking on the majority of the development costs could result in significantly higher-margin revenues and bottom-line results moving forward. As a result, Catalyst Resource Inc. (OTCQB: CATA) is one emerging opportunity that energy and mining investors may want to consider moving forward.
That's all very interesting. Here's a link I find very interesting:
https://www.sec.gov/Archives/edgar/data/106311/000114090511000045/cata_def14c0627111.htm
I believe it has some relevance to the current situation I just can't quite pin down exactly what. The players are common, though. Fahman and Johnny Park.
It is not entirely clear what happened to the ATC dividend shares.