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I love you guys and want what is absolutely best for everyone. Thanks for reaching out and all the PM's. As long as the CEO keeps diluting the stock will fall. If he stops it's a different situation but that doesn't seem likely at the moment. Markets are most likely going to make a downturn soon IMO and that will make things difficult for Henry to secure loans any time soon. I'm guessing this will trade in the trips for awhile, may hit $0.0004-$0.0003 or lower. Don't see any reason it won't hit $0.0001 the way things are going. Don't see anything of consequence happening any time soon. I load up every time it ticks down and wait like everyone else till the moment it runs again. I don't anticipate it happening for 3-6 months+. Not sure my insights offer any help or comfort. Take it or leave it. You guys can all trade PHIL however you like, I offer no trading advice. I hold a few hundred millions shares in case it jumps and load every time it drops. i don't know how low it will go but I do believe it will jump at some point and plan to hold a huge position when it does. GB
Short-term this should run. Whether it holds or not will depend on a number of factors. Much is happening behind the scenes. Soon the company's potential will be realized.
Good to have you back.
I’m with you 100% Facts!
I think you pretty much summed up the sentiment of all shareholders…
”so let's go damn it!”
All I can say is, Get Ready!
In my opinion, we are only weeks away from being current and transitioning into “All Systems Go” mode.
The buildup right now is amazing. The chatter, non-stop. You can feel the intensity. It seems everyone is scrambling around liquidating assets, digging for spare change, doing everything they can to start a position in PHIL or pick up a few more shares. And that’s just retail, soon institutions will be doing the same.
In my opinion, the next few weeks will be unlike anything we’ve ever seen and that’s just the beginning.
It’s incredible being a PHIL shareholder right now and an honor to be a (small) part of this board.
No need to worry about folks like Mr. Flip Stain or whoever they are and no need to respond to them beyond what you are already saying by your actions. It’s remarkable what you guys are doing by not selling but instead uniting and holding strong even though some are up over $1 million, $20 million, and others possibly more, it’s a far better testament than anything you could put into words.
You guys are incredible, keep pounding the DD and do not relent. This board is superior to every other platform out there and it is where all eyes go when looking for Facts and what’s really going on with the company. It truly is a valuable resource and serves to silence that “little voice” of fear and doubt many appear to be hearing these days.
Is this the best stock – absolutely.
Is Henry trustworthy – unquestionably.
Can I believe the Facts and DD – completely.
Everything is moving forward. The filings are dropping, the company’s getting current, buyback’s in process and the vision’s becoming reality.
We’ve gotten a foreshadowing of what’s to come regarding PPS and the power behind it as we watched it fly from a penny to just under $0.02 in a week. Imagine what it will be like when we ignite past $0.05, $0.10, $0.25, a dollar and beyond.
In my opinion, that is where we are headed.
Get Ready!
This is well done, Hunter, thanks for circulating it. I’m in contact with other shareholders to get their numbers and will add them when known. We are all continuing to add each week so more and more shares will be locked up as time goes on. None of us have any intention of selling any time soon so if there is a major selloff it won’t be us.
May is setting up to be a huge month for us shareholders and it’s just the beginning. Successive power months are still ahead.
At this point, there is no stopping the PHIL machine.
Thanks for the kind words Facts, much appreciated.
Keep up the good work!
Looking forward to Monday, Monday, Monday!
Thanks KYCats always appreciate your encouragement and insights.
Everyone’s gotta goal, good luck with that.
What we are actually witnessing and will continue to see is a rapid succession of financials, the end of dilution, and the completion of a major buyback.
After this “Clean Up/Get Current” phase is over (perhaps next month) then the real party will begin. We’ve seen a little movement in PPS this year, but it will barely be noticeable on a chart in a few months. Minuscule compared to where this is headed.
In my opinion, this company has so much going on behind the scenes waiting to be revealed that it’s going to be very difficult to keep up with all the developments. We’ll learn about one and before we can determine all the ways it will benefit the company and its shareholders another development will hit, then another. It will continue like that month after month, well into the foreseeable future. A while back I believe Facts compared it to a powder keg erupting or dominos dropping. That’s not an exaggeration.
I’ve secured a nice position a while back and add a million+ a month for various reasons so I’m well positioned. But I throw this out there for others who may not be well informed or those genuinely having difficulty comprehending all the moving parts. Or, I guess, for those who are just being illogical as in this case.
All kidding aside, in my opinion, this is the best stock on the planet to own right now and while the price is no longer $0.0001 this may just be the best price you’re going to get.
I completely agree. Well said!
007Roger thanks for the kind words in your PM.
I remember our discussion in the 5/22/20 conference call and know how gut-wrenching it has been for you and others, who have held huge positions from years back, to see your investments wiped out. I admire you for your fortitude in holding on to your shares over the years even when it appeared all hope was lost. You and the rest of the PHIL long timers displayed true “Diamond Hands” even before it became so popular and are great examples for other investors to follow.
I believe your estimates back in early 2018 of $1+ pps will soon be realized and you will finally receive the profits you desire.
Your luck, my friend, is changing!
Last call for cheap shares!
2019 financials will be filed in a few days
Expect the rest by the end of February
Announcement of major developments coming
Conference Call discussing milestones achieved
The finish line is well within view.
We are finally coming to the close of a long and frustrating chapter in the PHIL saga and I’d just like to say thank you to DJK and Facts for the excellent DD you guys have done up to this point. I hope you keep it up as the pps climbs to incredible new heights and you receive your fortunes. Great work you guys, very impressive!
Hope everyone here can profit nicely from this stock as we move forward, you certainly should if you hold onto your shares long enough. It amazes me to see folks selling millions of shares for peanuts. You guys do what you gotta do. But you may want to consider, each of those shares will most likely be worth dimes and quarters soon and in a few years potentially dollars. A few grand is great but a couple hundred million dollars is even better.
PM’s
I’ve received several PM’s lately and I appreciate you guys reaching out. Unfortunately, I don’t have much to add besides what’s already been discussed on the board thus far. Financials are the critical component we are all waiting on and they should be completed by the end of the month along with other news.
I should point out that I have a long-term (3-5 year) perspective of this company so my views often differ from many on this board. It seems the overall sentiment at the moment is that the company will soon be delisted or disappear any day. I’m not saying that can’t happen but, in my opinion, there is very little chance of that actually occurring.
However, if that is your view, I completely understand where you are coming from, in which case you may want to consider reducing your holdings or liquidate your position completely. I would if I believed that was the case. Rather I believe the opposite is true. In my opinion the worse is behind us and every week seems to unveil even more opportunities than the one previous. While PHIL only makes up a small percentage of my overall portfolio, I am not concerned about losing any money whatsoever.
Frankly, I can’t understand why some folks are so grim and discouraged about the company. A lot of progress has been made recently despite much adversity and there are many impressive developments in the works involving some highly influential businesses and governments which will soon be realized.
Keep in mind, once the financials are published and the PPS is climbing, the frustrations will all be forgotten.
Good luck, I hope your order fills and you are able to receive a huge return. Every week for the past few months I put an order in for 1,000,000 shares to see how quick it fills. My last order filled the first week of June.
I am still here, always have been. To the dozen or so folks who have private messaged me recently; we still hold several hundred million shares and are still planning to hold long-term.
It has been a long road for PHIL shareholders, longer for some than others, but the tides have certainly changed considerably over the past few months and this stock is perfectly poised to climb from here on out.
PPS
When evaluating PHIL PPS it's important to look at the company's future growth projections over several years and not 3-6 months or less than 1 year.
PHIL has a number of very ambitious projects in the works over the next few years which will greatly enhance its company value if they are successful and once these projects come on-line.
PPS is based on numerous factors not the least of which are the company value and outstanding shares. There are several projections out there based on various sources so it may be helpful to create a model and plug in your own estimates to form your own conclusion.
A conservative estimate of future company value is presented below based on several OS possibilities. If you multiply the company value by 2 or 4 for each year, you will arrive at some of the loftier projections
As always, I promote knowing what your investment is worth prior to selling and hold for the long-term (several years).
Year 1
OS---------------------Company Value------------PPS
60,000,000,000-------$500,000,000-----------$0.008
30,000,000,000-------$500,000,000-----------$0.017
15,000,000,000-------$500,000,000-----------$0.033
8,000,000,000--------$500,000,000-----------$0.063
1,000,000,000--------$500,000,000-----------$0.500
Year 2
OS---------------------Company Value-------------PPS
60,000,000,000------$1,000,000,000-----------$0.02
30,000,000,000------$1,000,000,000-----------$0.03
15,000,000,000------$1,000,000,000-----------$0.07
8,000,000,000-------$1,000,000,000-----------$0.13
1,000,000,000-------$1,000,000,000-----------$1.00
Year 3
OS---------------------Company Value-------------PPS
60,000,000,000------$25,000,000,000----------$0.42
30,000,000,000------$25,000,000,000----------$0.83
15,000,000,000------$25,000,000,000----------$1.67
8,000,000,000-------$25,000,000,000----------$3.13
1,000,000,000-------$25,000,000,000----------$25.00
Year 4
OS---------------------Company Value-------------PPS
60,000,000,000------$50,000,000,000----------$0.83
30,000,000,000------$50,000,000,000----------$1.67
15,000,000,000------$50,000,000,000----------$3.33
8,000,000,000-------$50,000,000,000----------$6.25
1,000,000,000-------$50,000,000,000----------$50.00
Year 5
OS---------------------Company Value-------------PPS
60,000,000,000------$100,000,000,000---------$1.67
30,000,000,000------$100,000,000,000---------$3.33
15,000,000,000------$100,000,000,000---------$6.67
8,000,000,000-------$100,000,000,000---------$12.50
1,000,000,000-------$100,000,000,000---------$100.00
I appreciate your positive outlook, your well thought out analysis, and professionalism and completely agree with you concerning share structure, buyback, deadlines, current assessments, timetables, and future projections. Time and financials will tell if we are accurate or not but based on the current information and sources available, they appear to be on target.
Hope you keep up the good work and have a great weekend.
Glad to see you still have a good position and are considering adding more. You’ve invested a great amount of time and energy providing valuable insights into the intricate workings of the Fund and the company for some time and I’d like to see you get a huge return on your investment.
Looking forward to future commentary.
Confidential:
Just to be clear, to me anything Henry says or shares with me is confidential and I'm treating it as such. This may not mean it has not already been shared with the public or disclosed in other ways. I simply do not know everything Henry makes public, when, where, or too whom (which platform, app, medium, or country) so I'm treating it all as confidential. It means I am not sharing it with anyone. I will not buy or sell any shares based on the information I received or profit financially from it in any way. I've simply been asked by numerous people if I could share my opinion and my response is Henry should provide an update on Twitter next week. Hope this clears up any confusion.
Update:
I’ve communicated with Henry several times this week and things are moving forward. I’ve been privy to quite a bit of confidential information so I’m not at liberty to say much. You should expect Henry to post something on Twitter next week.
I understand with the COVID-19 spreading and the Markets falling it’s easy to get rattled or unnerved. It’s always good to know you have PHIL shares in your portfolio as a solid long-range investment. No worries folks, Henry is still working behind the scenes to build this company back up right.
Stay positive and stay healthy!
Facts (Recap):
I have some opinions about the information you presented earlier today, hope it helps clear up any confusion (responses are in red below):
Thanks Scapes, but what is still unclear to me, and I assume others as well, is what exactly he needs to activate the fund and if he doesn't need much, why is it taking so long?
$550,000 was what he needed a few weeks ago. He received $100,000 last week so he was short $450,000. He will receive this and more in a few days.
For weeks/months now, he has said he was waiting for his "partners" to come through so the fund could be activated.
As you mentioned below, “There are two partners in Vietnam that owe us $6.5 million but have been late in their payment”. This is why it was taking so long; these guys wouldn’t pay up. They promised many times but never delivered. They’ve been temporarily replaced by as you said below…” a new partner that has committed $2 million”. This should be received in a few days.
Now, he says he is waiting for partners to deliver on a few million in funds that are for, "FUND COMPARTMENTS THAT ARE FOR THEIR RESPECTIVE BUSINESSES, but not the REALLY BIG AMOUNTS YET." I believe this is in reference to, “There are two partners in Vietnam that owe us $6.5 million but have been late in their payment”.
How much is needed to activate the Mother Holding Company, and why doesn't he have this yet?
$550,000 was what he needed a few weeks ago. He received $100,000 last week so he was short $450,000. He will receive this and more in a few days.
For context, I asked Henry: "Just so I am clear, if the money is going to be received next week from the Asian partners, will you still need it from investors like me?
The money from the new partner will be enough to activate the fund, pay for the audit, clean up financials, and begin buyback. The money from investors would’ve been used for these activities but now since the new partner covered them, the money from investors will be used to buy back shares.
Forgive me for being confused, but it sounds like the funds you will get next week are going to be enough to get the fund(s) activated, and if I am reading the information correctly, the funds are worth hundreds of millions, so why do you need small amounts, compared to hundreds of millions, from outside investors?
Originally, he requested money from investors because he didn’t have the new partner lined up at that time and wasn’t sure where the $450,000 was going to come from; he asked for cash from everyone he came in contact with to try and raise the funds. Now that the new partner is on board, he “technically” doesn’t need the money to activate the Fund, complete the audit, etc… but if he can still find willing investors, he’ll use the money he gets to buy back shares.
Sorry if I’m missing it, but before I can commit to a six figure investment, I’d like to understand what is happening."
Hope some of this clear’s things up, if you can, throw down the six-figure investment, you’ll be well rewarded for it. Today alone if you had $100K invested you would’ve doubled your money and every penny it jumps you’d make $10 million bucks. Very good ROI.
If you can clarify these answers from Henry, on 1-27, it would be appreciated:
"There are two partners in Vietnam that owe us $6.5 million but have been late in their payment, plus a new partner that is committed to $2 million. We anticipate receiving portions of these amounts after the Lunar New Year Holidays. However, at the moment we need some money for working capital in connection with the funds and getting the Company’s filings current."
He’s going to continue asking for cash from anyone he can until the $2,000,000 clears. Technically until the money is in hand, he still needs it.
"It depends on how much you can do and how soon you can do it, and sooner the better. We expect to receive money from our Asian partners when they get back to work next week after their Lunar New Year holidays."
Soon after the deposits and transfers clear from the new partner, he’ll most likely rescind the special Convertible Note offers to investors. Keep in mind, he’s still banking on the 2 partners in Vietnam who owe him $6.5 million to pay up soon. These guys have been promising to wire money for months now but have yet to deliver on their promises. They’ve simply been stringing Henry along, who in turn has been stringing us shareholders along; until finally a new partner came on board delivering the much-needed cash. These guys will eventually make good and will pay down the outstanding $6.5 million they owe over the next few months and the money he receives from these partners will be used to buy back shares.
"The money we will be receiving from the Asian partners is for their contribution towards organizing fund compartments that have to do with their respective business, not the really big amounts yet."
Asia is a big place and as I understand this statement the Asian partners in the beginning of the sentence are the same folks who owe him $6.5 million but the 2nd part about the “really big amounts yet.” Is in reference to the Asian and Middle East folks who are looking to invest $600,000 - $ 1 billion+ in year 1, along with the other major investors from around the world looking to come on board once the Fund is launched. That’s why, once you pool all these other major investors together, he anticipates the Fund will reach several billions of dollars over the next several years.
I anticipate this will all be made more clear over the next few days when the explanations come direct from the source himself rather than an investor and his opinions.
Facts:
In an effort to clear up any confusion, what is meant by "activate the Fund" is activate the Mother Holding company. He was a bit short on funds to be able to do that but should recieve all he needs and more within the next few days.
The "Big amounts" he was referring to is the $600 million - $1 billion+ which is anticipated to arrive over the next 6-12 months. Without a Mother Holding company there would be no "Big amounts".
All of this is just my honest opinion, hope it helps.
Opinion:
In my opinion the required capital to activate the Fund, complete the audit, and begin share buyback should be obtained in 7-10 days depending on when deposits and transfers can occur due to the Vietnamese holiday Tet; and that outstanding cash for buyback should continue to stream in various amounts over the next 3-6 months. Along with the outstanding cash, new additional revenue streams will be obtained, and the cash crunch should be abated well into the foreseeable future.
In my opinion over the next 30-45 days the Fund will be activated, and all financial fillings will be current which will dramatically impact PPS.
In my opinion despite what may have been previously reported or documented the Fund will be valued at $600 million - $1 billion dollars in the next 6-12 months.
In my opinion the share price of $0.0001 will disappear over the next 30 days and should never return. The cause for this insanely low PPS was due to management mistakes, which they’ve seemed to learn from, and from delinquent pay sources who have been temporarily replaced but will in the end make good and eventually pay up.
In my opinion shareholders should hold on to every share they own and purchase all they can right now because this stock will be going up very soon.
APR Extension:
The APR dividend extension is of little consequence and does nothing to weaken the stock in the slightest. It was an inevitability and doesn’t change anything. On the contrary, every month that passes the company seems to improve and provides additional information suggesting it’s heading in the right direction.
For every shareholder who sheds shares there is a willing buyer eager to pick them up. And if by chance no one does eventually Henry will. Henry appears to be very close to pulling all this together and it’s disheartening to hear about core shareholders selling shares because if it’s true they’ll be missing out on the huge returns they’ve waited so long to enjoy and were in a great position to capitalize. While that does not seem prudent to me, I do understand the logic and rational behind those decisions; every investor here needs to do what is best for them. What’s best for me is to add whenever I can and to look long-term 1-3 years not 1-3 months.
Very good things are in store for PHIL shareholders in 2020. This is the time for fortune and profits not fear and panic. There is no other stock out there that will provide a better return.
Hope you all have a Happy New Year!
Partners:
Just curious, anyone know what it takes to become a PHIL partner?
My partners and I own over 500,000,000 shares and are planning to invest more. I'm sure some of you folks are in the same boat in terms of shares and are also planning to invest more into PHIL.
Several of us own businesses and have access to funds available to invest in new business ventures.
Henry if you're monitoring this board (as has been suggested) and need additional backing please reach out, I'm sure you'll find several partners here that would be willing to pool our funds together and help move this forward.
Hang in there folks, stay positive and continue to look long term. Down the road once all this falls into place we'll be measuring PPS in terms of dollars not pennies.
Outstanding Shares:
OTC Markets data is available through a wide range of Market Data vendors and a directory of Market Data Vendors can be found on their website. From what I can see Bloomberg and TD Ameritrade are the only 2 on your list that pull OTC Real-Time and End of Day Pricing and TD Ameritrade is the only one sourcing “Security Details” directly from OTC Markets Group.
The other sources you listed are pulling from the last 10-Q filed March 31, 2019 which lists the OS as 8.8 or (8,846,086,249).
OTC is reporting the current “correct” OS 13,196,408,755 as of 10/18/19.
Some of the sources on your list such as Barchart had been reporting 31,000,000,000 up until PHIL went delinquent 10/16/19 and OTC issued a “Stop Sign” since Henry was not able to provide disclosure to the SEC or OTC Markets Group. Since that time, it appears your sources have been reporting based on the last published data which is found on the 10-Q filed March 31, 2019 listing the OS as 8.8 or (8,846,086,249).
There is no indication that buyback has begun but it will, soon along with the 10K filing; hang in there folks.
“Anyone can give up; it is the easiest thing in the world to do. But to hold it together when everyone would expect you to fall apart, now that is true strength.”
? Chris Bradford, The Way of the Sword
Did I miss something?
Not sure why so many folks on this board are so upset today.
The maturity date for the final note is 9/26/19 (tomorrow) which means all the dilution that began July 2018 is finally over. Not exactly a bad thing. I’d just like to point out that Henry did clearly identify every convertible note in the sec filings dating back to 2018 so the drop in stock price should not have been that big of a surprise. You can’t say Henry lied or misinformed shareholders when it was spelled out in the filings.
The APR dividend has been pushed out 3 months. This is not much of a surprise either. Henry mentioned these past few weeks that things were taking longer than expected and we were well informed about the delays. Nothing to get upset about, as, “this will give the Company additional time to repurchase our stock”. This should signify buy back will begin now until the end of the year. Sounds pretty good to me!
Regarding the conference call, I hope Henry does not allow any questions during the call. It was very distracting to Henry last time and absolutely ridiculous to read the childish, immature, nonsense that some people texted during the last call. A lot of company’s request substantive questions be sent via email ahead of time to be addressed on the call which seems to waste less time and add more value. I’ve sent several emails to Henry suggesting this change be made and encourage others to make similar requests as well. Henry chided shareholders at least 3 times last call to clean up their vulgarity and act professionally but to no avail.
With the 10K coming, buyback beginning, Fund closer to being released and the dividend only a few months away, it looks like this stock is finally headed in the right direction.
Cheer up folks!
Final Dilution:
There does appear to be one final note due 9/26/19.
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FORM 10-K
ANNUAL REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended: JUNE 30, 2018
ISSUANCE OF NEW SHORT-TERM PROMISSORY NOTES
On September 26, 2018, the Company issued a new convertible promissory note to JSJ Investments, Inc. for $144,750, with an interest rate of 10% and convertible to Common Stock of the Company at 50% discount to the average of the two lowest trading prices during twenty trading days immediately prior to the date of conversion and a prepayment premium of 150%. The maturity date of this note is 9/26/2019.
----------
The only other thing I see that’s unclear to me is how Henry’s handling the dilution for the case of WILLIAM DAVIDSON VS. DOAN ET AL. Seems this past year would have been a good time to clean all this up with the other notes but I'm not sure until I see the next report.
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Litigation
10-Q Mar. 31, 2019
Commitments and Contingencies Disclosure
NOTE 11 – LITIGATION
LEGAL PROCEEDING SETTLED AND UNPAID AS OF MARCH 31, 2019:
WILLIAM DAVIDSON VS. DOAN ET AL.
On or about February 01, 2010, the company was notified of a suit that was filed with the Superior Court of the State of California for the County of Los Angeles on November 24, 2009 by William Davidson, an individual against Martin Doan, Henry Fahman, Benjamin Tran, HRCiti Corporation, and Providential Capital, Inc. (collectively referred to as “Defendants” - Case No. BC 426831). Plaintiff demanded an amount of not less than $140,000.00 from Defendants for promissory notes outstanding between Plaintiff and the company.
On July 09, 2012 William Davidson and PHI Capital Holdings, Inc. (formerly Providential Capital, Inc.), a subsidiary of the Company, reached a settlement agreement with respect to whereby PHI Capital agreed to pay William Davidson a total of $200,000 over a period of nineteen months beginning September 1, 2012. Since November 30, 2012, William Davidson has converted portions of the total amount into common stock of PHI Group, Inc. in lieu of cash payment. The Company has accrued $90,000 as the required liability associated with the balance of these notes in the accompanying consolidated financial statements as of March 31, 2019.
Another Week:
Closer to receiving good news from Henry and the 10K.
Closer to buy back and the retirement of shares.
Closer to the Luxembourg Fund release
Closer to the APR dividend.
The list could go on..
One of the cool things about being a PHIL shareholder is that you don’t need to babysit the stock or check its price, volume, Level 2, ect. daily or even weekly. All you have to do is take up a large position and forget about it. This frees you up to research other opportunities, so you don’t miss out on them or do whatever else you’d like. It’s assuring to know that Henry’s on it! He knows what needs to be done and he’s doing it.
I can tell by some of the posts that folks are frustrated by the stock’s current performance. I get that, no one likes to think they’ve been fooled or taken advantage of by Henry or others. That’s why it’s critical you check the facts. Diversified has provided some of the best info and insights about PHIL that exists, and he does so in a factual, concise manner that’s easy to understand (much appreciated). In addition, we all have the old filings and a new one on the way for re-assurance.
Henry mentioned in the 6/7 conference call that if you are looking for immediate profits, this may not be the right stock for you. He also said that what he’s working on is a long process but that we are coming to the end.
Just a reminder to some, we don’t currently own PHIL shares based on its past 3-6-month performance, we own it based on its future intrinsic value. We know based on the filings that this company will soon be worth a fortune which will be reflected in the share price. Therefore, if things take longer than originally planned, or the share count grows by another billion, or the APR dividend gets pushed out again – so what! What are you or I going to do about it? It would not be pleasant but at the end of the day it really doesn’t matter and really wouldn’t diminish the company’s future potential value. All it would mean is that you’d have to wait longer for the profits you know are coming. At that point you may decide to sell all your shares and move on, but in the end, you’d really only be hurting yourself.
I'm not saying it can't or isn't being done but my brother has been trying to sell a million shares at .0002 GTC for the past 3 weeks and his order hasn't filled. He's got over 100 million shares so he's not really trying to flip them so-to-speak he claims he's just testing it out to see if it can be done.
Personally my shares are locked up and I have no interest in parting with any of them until this stock is roaring; hopefully to 2016 levels and beyond.
I bought 5,000 shares of GALT around this time in 2017 for under $2 and sold 4,500 when it broke above $8.50. I’ve been holding the balance ever since. This stock has big upside potential with key trials in the works, but it may take several months maybe 1-2 years before huge gains will be made (in my opinion). Looking to add again at the $1-$2 range and set my order to sell again at $8.50. This time I may hold on to more shares long-term depending on the fundamentals at that time.
Not sure I get your point.
The question isn’t is this a great stock with huge upside potential for years to come, I think everyone on this board already knows that, the question is at what price?
Sure, Berkshire owns about 4% of Teva shares but they also lost over $216,246,475 since they bought it and I hadn’t seen that they’ve picked up more shares in the latest quarterly report even though the stock was well below what they paid for it (avg share price $12). Just to clarify it doesn’t appear as thou this was a Buffett pick directly but rather it was picked up by Ted Weschler and Todd Combs or possibly Charlie Munger, of course with Buffett’s approval.
Furthermore, Buffett also owns about 27% of Kraft Heinz (KHC) which he paid around $72.50/share which is now trading at $27.28. That’s a loss of around $14,728,462,818.
My point is that Buffett, the world’s greatest investor, can absorb these types of losses and I can’t so I have to be very conscientious about price. If I want to add 10,000 more shares at $7 I can do that and avg down but If I’m looking to add 100,000 shares I want to be absolute about the price before pulling the trigger. For that my target is between the $3-$5 range and based on all the news and litigation surrounding the stock it’s possible it may hit that target prior to climbing back up. Time will tell.
I agree with your comments that Teva appears to be a great buy and has huge potential upside. However, the stock is still continuing its consistent downward descent as it has been since December 2015 and it’s still unclear if we’re at or near the bottom. I project the $3-$5 range is more likely.
The path forward for Teva may not be rosy, following J&J’s penalty. Teva is reeling due to pricing pressure in the generic market as well as rising competition in the branded segment. Based on the current scenario, cash resources of Teva may prove to be insufficient to meet settlement costs or penalties. A concern is that they may follow the path of Purdue Pharma and declare bankruptcy. A decision related to the multidistrict litigation, due in October, should clear things up.
Vietnam – Hot Spot:
There are a lot of exciting things going on in Vietnam right now and I’m confident Henry will find ways not only to promote and progress his current agenda but also discover new opportunities to capitalize on, both now and in the future.
It’s been interesting to watch the clever ploys China has been using as it looks for ways to avoid paying tariffs and Vietnam has become one of its go to sources. As many of you know, one of the ploys China used was to reroute several of their US bound shipments to Vietnam. Once there they would relabel the China goods with “Made in Vietnam” labels and documentation, then ship the load to the US. Initially this ploy worked but Vietnam is now starting to clamp down for fear of retaliation from the US especially since Vietnam is now one of the fastest-growing sources of American imports. In addition, as you pointed out we are constantly learning of new businesses shifting China production to Vietnam to avoid tariffs.
However things ultimately shake out as it relates to the tariff war going on, Vietnam is currently a hot spot for both the US and China and they are benefiting quite well as a result. Hopefully Henry can find ways for it to benefit PHIL and us the shareholders directly.
Chinese Exporters Dodge Tariffs With Fake Made-in-Vietnam Labels
Vietnam is concerned it may be punished by the U.S. for allowing mislabeled Chinese products to flow to America
Vietnam is by far the biggest winner from the U.S.-China trade war so far as importers look to divert their orders to bypass higher tariffs.
Kyocera shifts China production to Vietnam to avoid Trump tariffs
Stock Tip:
It always baffles me to see folks belittling others who are genuinely attempting to provide relevant, (DD) information free of charge, for the benefit of others. Rather than diminishing their hard work, I personally, greatly appreciate the time and effort they are devoting toward enlightening the rest of us and encourage them to keep it up especially since I, along with all the other shareholders, stand to profit greatly from it.
What I don’t understand is how some, trying to pass themselves off as being intelligent, can review all the information provided about PHIL and still arrive at the conclusion that it’s a bad investment. If that’s you then perhaps you should give up on investing in stocks all together or simply stick to index funds since its obvious by your comments that you lack what’s required to be successful in this arena.
If you like PHIL, invest in it. If you have beneficial insights, offer them up. If you don’t like the stock then spend your time perusing other opportunities, why waste it here? All it says to me is that you confuse easily and don’t really know what you’re doing, thus you’re afraid to pull the trigger.
No worries, I will help you out with this one, the market opens tomorrow at 9:30 am (Eastern) buy as many shares of PHIL as you possibly can, then sit back (quietly) and enjoy the ride up like the rest of us – Before its too late.
I saw some discussion today about the tax side of trading and thought this info may provide some perspective. I am not a CPA and in no way am I offering tax advice but it’s good to keep up-to-date with the latest changes and how they may affect your investing decisions. After running your anticipated profits ($ millions) through the calculator, it's clear it makes good sense to hold taking profits for more than a year. Good thing for us PHIL is only going to get better the longer you hold, not worse, unlike many other stocks.
The new tax rules retain seven federal income tax brackets, but tax rates and thresholds have changed.
2018-2019 Tax Brackets and Federal Income Tax Rates
Your state might have different brackets, a flat income tax or no income tax at all.
All about long-term and short-term capital gains tax rates, including what triggers capital gains tax, how it's calculated, and 6 ways to cut your tax bill.
How to minimize capital gains taxes - HOLD ON
Whenever possible, hold an asset for a year or longer so you can qualify for the long-term capital gains tax rate, since it’s significantly lower than the short-term capital gains rate for most assets.
Taking Profits:
I assume we are all basically in the same position. We all own a ton of shares and have estimated how much profit we’ll make based on virtually every conceivable share price right down to the ten thousandth decimal place. As an investor I think it’s important to set goals for every stock position and calculate ROI even prior to acquiring shares. In the case of PHIL I think it’s critical at this juncture for each shareholder to firmly establish their profit goals because things are going get very exciting very fast. Our accounts are most likely going to balloon to levels we are not accustomed to seeing. However, after reviewing virtually all PHIL’s SEC filings for the past 10 years and seeing what they have in the pipeline, I think it would be a mistake to sell for anything less than $0.50-$1 range and would lean more toward the $1-$3 range. One could even make a strong case that this stock will be trading at the $5-$15 range over the next 3-5 years without performing a reverse split.
This stock has flatlined for the past 6 months and you could say it’s been on a decline for 1, 3, 5, even 10 years but so many of the factors which led to the decline have been cleaned up. In my opinion, this stock is right now stronger and better than it’s ever been and that’s even taking into consideration the 30+ billion shares. Add to that the potential APR dividend at the end of September and I would say it’d be foolish to sell for a few short-term upticks in share price. Still even though a majority of PHIL’s shareholders know this I’m convinced more than 80% of them will not have the resilience to hold on for the huge payout so I believe the best way to address this is to reserve funds to buy up their shares along the way.
I would encourage true shareholders to look long-term, for flippers to look somewhere else, and those on the fence to buy all you can immediately.
Date of Record:
The record date is the cut-off date established by the company in order to determine which shareholders are eligible to receive a dividend.
The May 31, 2019 8-K states, "On May 30, 2019, the Company’s Board of Directors passed a corporate resolution to further extend the Record Date to September 30, 2019..." Since the 30th is a Monday the current ex-dividend date should be 9/27. Shares purchased prior to 9/27 will qualify for the APR dividend.
Of course it could always get pushed out again but that's currently where it stands.
70 convertible notes down and only 3 more to go (7/15, 7/17, & 7/23) which means time is running out for anyone looking to load up on 1's. After 7/23 they're going to disappear. I would suspect Henry will begin buy back in the next few weeks, at which point this stock will fly.
If anyone is concerned about how to offload large volume of shares this article had some interesting tips: How do I sell a million shares of stock on the OTC?
So far this year PHIL has really tested our fortitude but hang in there we're almost to the finish line; payday isn't too far away.
# Date Holder Amount
1 1/8/2019 Auctus Fund LLC - $8,117
2 1/9/2019 JSJ Investments - $13,686
3 1/9/2019 Crown Bridge Part- $8,095
4 1/11/2019 Power Up Lending - $14,950
5 1/14/2019 Power Up Lending - $13,610
6 1/15/2019 Power Up Lending - $14,280
7 1/15/2019 Crown Bridge Part- $7,550
8 1/15/2019 Power Up Lending - $12,940
9 1/15/2019 Auctus Fund LLC - $9,415
10 1/17/2019 Power Up Lending - $10,935
11 1/22/2019 Power Up Lending - $10,260
12 1/23/2019 Power Up Lending - $13,670
13 1/24/2019 JSJ Investments - $13,930
14 1/24/2019 Power Up Lending - $11,670
15 1/28/2019 Auctus Fund LLC - $2,316
16 1/28/2019 EMA Financial LLC- $6,090
17 1/28/2019 Power Up Lending - $7,185
18 1/29/2019 JSJ Investments - $10,633
19 2/4/2019 Auctus Fund LLC - $5,800
20 2/4/2019 JSJ Investments - $10,079
21 2/4/2019 One44 Capital LLC- $9,600
22 2/7/2019 EMA Financial LLC- $6,620
23 2/8/2019 Auctus Fund LLC - $5,431
24 2/8/2019 JSJ Investments - $11,492
25 2/20/2019 Power Up Lending - $10,245
26 2/21/2019 Auctus Fund LLC - $1,833
27 2/21/2019 EMA Financial LLC- $5,847
28 2/21/2019 Power Up Lending - $10,240
29 2/25/2019 Power Up Lending - $12,340
30 2/26/2019 JSJ Investments - $10,766
31 2/27/2019 Auctus Fund LLC - $5,724
32 2/28/2019 Power Up Lending - $5,175
33 2/28/2019 EMA Financial LLC- $4,793
34 2/28/2019 One44 Capital LLC- $8,400
35 2/28/2019 JSJ Investments - $8,165
36 3/4/2019 Crown Bridge Part- $5,800
37 3/4/2019 Power Up Lending - $8,710
38 3/5/2019 Power Up Lending - $8,700
39 3/5/2019 EMA Financial LLC- $6,102
40 3/5/2019 Crown Bridge Part- $2,047
41 3/6/2019 One44 Capital LLC- $9,000
42 3/7/2019 LG Capital Fund - $5,930
43 3/7/2019 JSJ Investments - $9,072
44 3/8/2019 Auctus Fund LLC - $7,761
45 3/8/2019 Power Up Lending - $6,400
46 3/11/2019 One44 Capital LLC- $7,600
47 3/12/2019 Crown Bridge Part- $4,855
48 3/12/2019 EMA Financial LLC- $4,590
49 3/12/2019 Power Up Lending - $5,240
50 3/14/2019 EMA Financial LLC- $5,290
51 3/14/2019 One44 Capital LLC- $8,400
52 3/18/2019 Crown Bridge Part- $6,150
53 3/19/2019 Power Up Lending - $8,630
54 3/19/2019 LG Capital Fund- $9,550
55 3/19/2019 JSJ Investments - $9,373
56 3/20/2019 Auctus Fund LLC - $7,280
57 3/20/2019 Crown Bridge Part- $6,500
58 3/20/2019 EMA Financial LLC- $7,142
59 3/22/2019 Power Up Lending - $11,450
60 3/25/2019 Power Up Lending - $16,060
61 3/25/2019 Crown Bridge Part- $8,530
62 3/27/2019 Crown Bridge Part- $9,755
63 3/28/2019 Power Up Lending - $7,810
64 3/28/2019 Auctus Fund LLC - $3,125
65 3/28/2019 One44 Capital LLC- $15,700
66 1/29/2019 EMA Financial LLC- $18,932
67 4/30/2019 Power Up Lending - $78,840
68 5/15/2019 Power Up Lending - $41,040
69 6/15/2019 Power Up Lending - $78,840
70 7/5/2019 Crown Bridge - $33,000
71 7/15/2019 Power Up Lending - $41,040
72 7/17/2019 Auctus Fund - $84,000
73 7/23/2019 One44Capital - $99,000
Total - $1,029,126
5/24 Dilution?
1,109,314,165 shares at $0.0001 works out to around $110,931.
What did this sum go towards? It’s possible it went toward the notes due in June and July but it’s a bit early for that since the Power Up Lending note of $78,840 isn’t due until 6/15 and Henry hasn’t been diluting until closer to the due date.
I’m wondering if it went toward the remaining balance in the WILLIAM DAVIDSON VS. DOAN ET AL settlement where PHI still owed $110,000.
On July 09, 2012 William Davidson and PHI Capital Holdings, Inc. (formerly Providential Capital, Inc.), a subsidiary of the Company, reached a settlement agreement with respect to whereby PHI Capital agreed to pay William Davidson a total of $200,000 over a period of nineteen months beginning September 1, 2012. Since November 30, 2012, William Davidson has converted portions of the total amount into common stock of PHI Group, Inc. in lieu of cash payment. The Company has accrued $90,000 as the required liability associated with the balance of these notes in the accompanying consolidated financial statements as of March 31, 2019.
If it did go toward this settlement than we still have around $335,880 or 3,358,800 shares in dilution to go over the next 2 months. If it went toward the notes than we’d be looking at around 2,249,485,835 to go.
Can anyone confirm what this round of dilution went towards?
While I agree with you that Henry should sell MYSN and SPBV and use the proceeds to buy back shares of PHIL, I really don’t think he has sold them yet or that he’s planning on it and I doubt he could sell them right now even if he wanted to.
Even though these stocks are considered Marketable Equity Securities Available for sale based on the latest 10-Q these stocks are listed under Current assets on the balance sheet so I’m not sure Henry is considering these to be a “non asset”.
SPBV
Based on the 3/31/19 10-Q, PHI owned 292,050,000 shares of SPBV.
Since 3/31 the total SPBV volume has only been 327,791 shares.
Even if Henry sold all of those 327,791 SPBV shares, PHI would still own 291,722,209.
Plus, with SPBV’s Caveat Emptor Designation I doubt there are a lot of buyers willing to part with $233,378 so Henry can offload his 291,722,209 remaining shares.
SPBV www.otcmarkets.com
MYSN
Based on the 3/31/19 10-Q, PHI owned 32,900,106 shares of MYSN.
Since 3/31 the total MYSN volume has only been 447,522 shares.
As best I can tell around 381,000 shares were bought and only around 29,000 shares were sold.
Plus, with the MYSN OTC warning I find it highly unlikely there are enough buyers willing to part with $325,711 for these shares. Especially since the overall market is down and there are a ton of other great buys right now.
Warning! This company may not be making material information publicly available
Buying or selling this security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
MYSN www.otcmarkets.com
As much as we’d all very much like for it to happen, I think the idea of Henry selling these shares of MYSN and SPBV in the near future is a rather unlikely scenario. I hope I’m wrong about that.
These are the remaining convertible notes:
Maturity Date 6/15/2019
Issued To Power Up Lending
Total Due Incl. Interest: $78,840
Est. Issued Shares: 788,400,000 (based on $0.0001)
Maturity Date 7/5/2019
Issued To Crown Bridge
Total Due Incl. Interest: $33,000
Est. Issued Shares: 330,000,000 (based on $0.0001)
Maturity Date 7/15/2019
Issued To Power Up Lending
Total Due Incl. Interest: $41,040
Est. Issued Shares: 410,400,000 (based on $0.0001)
Maturity Date 7/17/2019
Issued To Auctus Fund
Total Due Incl. Interest: $84,000
Est. Issued Shares: 840,000,000 (based on $0.0001)
Maturity Date 7/23/2019
Issued To One44Capital
Total Due Incl. Interest: $99,000
Est. Issued Shares: 990,000,000 (based on $0.0001)
Total Due Including Interest $355,880
Total Est. Issued Shares: 3,358,800,000 (based on $0.0001)
As noted in the 10-Q 2019-05-20
"During the quarter ended March 31, 2019, the Company did not issue any new convertible promissory note."
No matter how you slice it July is going to be a rough month. But after 7/23 this stock should consistently move upward. This is also the time I'd anticipate Henry will begin buying back shares at which point the stock should fly.