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looks like I am in the CC using this information
$PHIL Thank you for joining our cc yesterday. Please join us again for further positive updates Jan 27, 2022 04:30 PM EST https://t.co/oT3hjOf29F
— PHI GROUP INC (@PHIGROUP) January 21, 2022
ID:417 780 6661, Passcode:phil; Tel:+1 669 900 6833;ID:417 780 6661 Passcode:729062, orhttps://t.co/GIn60O7B4c. God bless!
Thank you for the clarification. I had no clue where is was at, I was just looking at the time difference.
I noticed the time of the tweet was nearly 9 hours ago, to me, this implies he is in a different time zone or just finished a call that had him up at around 1:30 AM east coast time.
It may have taken me a while, but I finally have a million shares.
They will not be doing the record date of 6/30/2021. it was stated in the 10K that was released last night. In my mind this may be a little bit of a bummer but nowhere near a show stopper.
SPECIAL STOCK DIVIDEND FROM AMERICAN PACIFIC RESOURCES, INC. SUBSIDIARY
On April 23, 2018, the Company’s Board of Directors passed a resolution to declare a twenty percent (20%) special stock dividend from its holdings of Common Stock in American Pacific Resources, Inc., a subsidiary of the Company, to shareholders of Common Stock of the Company as follows: (a) Declaration date: April 23, 2018; (b) Record date: May 31, 2018; (c) Payment date: October 31, 2018; (d) Dividend ratio: All eligible shareholders of Common Stock of the Company as of the Record date shall be entitled to receive two (2) shares of Common Stock of American Pacific Resources, Inc. for every ten (10) shares of Common Stock of PHI Group, Inc. held by such shareholders as of the referenced Record date. The payment date was rescheduled for March 29, 2019. I do not think they can issue dividends until current at a minimum. In my mind it might be a little bit of a bummer but NOT a show stopper.
Most recently, on December 28, 2020, the Board of Directors of PHI Group, Inc., adopted a resolution to further extend the Record Date to June 30, 2021 and state the provisions for the afore-mentioned stock dividend as follows: (a) Eligible shareholders: In order to be eligible for the above-mentioned special stock dividend, the minimum amount of Common Stock of PHI Group, Inc. each shareholder must hold as of June 30, 2021 (the New Record Date) is twenty (20) shares; (b) Dividend ratio: All eligible shareholders of Common Stock of the Company as of the new Record Date will be entitled to receive one (1) share of Common Stock of American Pacific Resources, Inc. for every twenty (20) shares of Common Stock of PHI Group, Inc. held by such shareholders as of the new Record date; and (c) Payment Date: the Payment Date for the distribution of the special stock dividend to be ten (10) business days after a registration statement for said special stock dividend shares is declared effective by the Securities and Exchange Commission. The Company intends to postpone the Record Date to a future time.
The possibility of this being a life changer for so many just gives me chills.
I only read through about half of it but I saw 2 paragraphs that spooked me some.
On February 21, 2021, we appointed Mr. Yuen Wong as an independent member of the board of directors (“Board”). Pursuant to our agreement with Mr. Wong, he receives $100,000 per month, payable in cash or shares of Series B Preferred stock, for his services on the Board.
On May 01, 2021, we appointed Mr. Lau Man Kin as an independent member of the board of directors (“Board”). Pursuant to our agreement with Mr. Lau, he receives $100,000 per month, payable in cash or shares of Series B Preferred stock, for his services on the Board.
The CEO, it states, to make 125k per year and bought something like 60 million of the series A for 250 dollars. Can the series B shares really be worth that much? Did the CEO also state they used a bunch of series B stocks for another deal? NSAV will issue 500 million restricted Preferred B shares, which when converted, have an estimated value of over $10 million. On March 15, 2021, NSAV announced that it had acquired its initial 25% stake in SBCDF under the same terms.
But from that registration form dated today to sell shares has this statement. It specifically states the series B has ZERO shares issued.
(1)The Company has also authorized the following classes of preferred stock: 225,000,000 shares of Series A Preferred Stock, of which 60,000,000 shares are issued and outstanding; and 775,000,000 shares of Series B Convertible Preferred Stock, of which 0 shares are issued and outstanding. No preferred stock is being sold in this offering.
Am I missing something on this or is this off somehow?
Annual shareholders meeting Thursday next week.
https://www.quantumnumberscorp.com/investors/news-releases/annual-general-meeting-of-shareholders-to-be-held-on-may-27th-2021/
Glad to see someone made the board for this stock.
I have been working on buying shares since February I finally have over 500K as of today. Thank you to the members of this community for their posts and their help. May we all have a positive and life changing growth here.
I wish the best of luck to all on this board.
I spoke with my broker (Schwab) and they stated these dividend shares have a different CUSIP number from the actual AABB stock, They explained this means it is a "spin-off" of the actual stock The dividend shares can only be sent to me as an actual printed stock certificate. Schwab does not accept penny stock certificate deposits but will allow the electronic trading. I asked how long are the shares restricted for and they said I had to call the investor relations for ANY information on this stock, as the company did not release any information on it.
I called IR the first person I spoke to hung up on me so I called back and the second person could only take my name, number, and E-mail address and told me someone will get in touch with me at a later time. They couldn't even tell me how long the shares were restricted for.
I went to the OTC site and noticed the A/S & O/S dates are 18 May 2021 and it appears the O/S does not reflect the dividend shares that were paid out on 04 May 2021 which leads me to believe my brokers statement of this dividend being a spin-off.
Please do not solely take my word for it, I can only repeat what I was told from my broker about this. Please call you broker and ask them about your dividend shares.
@Facts_matter14,
Thank you for the reply.
@Anikau,
Thank you for the reply.
I am a little confused and have a question. I bought into this stock back in February, and I have been adding as my low budget can allow since then. As I was doing my research (admittedly limited but learning more as I go) I saw on the OTC website that the Authorized Shares for this stock was at 33 Billion, as I looked at it today it shows the AS at 40 Billion. Was I reading old/ not updated data before? Could the recent K/Q filings caused this change? If so how will this affect the stock buy back? Please keep in mind I am still long on this stock but am trying to understand any potential risks/rewards that my limited knowledge can comprehend.
This is my last post I am able to do today, so please understand why I can't reply until tomorrow after this one.
The app was updated this morning U.S. time so if you have not updated the app in the last few hours the convert option may not show up. I looked at my app before I updated and the convert option was not available, after I updated the app it was. I truly hopes this helps
this is my second of 3 available posts for the day as I have a free membership on here.
Once I had transferred my Bitcoin in I selected the "convert" option on the lower right side of the screen.
It will ask how many AABBG coins you want and which coin account the payment should come from.
It will also show you in the total price for the purchase and the admin fees (gas and such).
Just purchased my coins on the AABBG Wallet. GLTA
That is quite a generally broad statement given Barrick NYSE: (GOLD) has over a billion OS
Barrick Gold Financials
Market Cap Shares in Issue Float
$ 35.75B 1.78B 1.78B
I am copying and pasting the text from VPER's tweet here:
"We will update the status of our filing to become current on Friday after the meeting with our lawyers and accountants."
I truly hope I am reading this wrong, but it appears to me that they will give an update on Friday about the filing status and not that they will be current on Friday.
I had an event today that finally caused me to sign up on IHUB. I have been a lurker off and on for nearly a year until I had made a bad stock choice over 4 years ago. I came back a couple weeks ago and found this message board and got a lead on (AABB) Asia Broadband. After conducting what limited DD I could, as I am a complete novice, I made the move. Wow has it paid off. Thank you for this message board, and please remember you really never know who may be watching or can be helped in a positive manner.