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I hope that is the case we have been consolidating in this range for a very long time. Go $PHIL
You did a great job freaking out the MM's today and almost messed up their plans LOL. Go $PHIL
Good Job! Go $PHIL
I will be interested to see if there is a block trade today since CFGN isn't in on the action yet. They are at .0034 which is interesting to me.
Great explanation thanks for posting it. Only words I could come up with "PHIL will not get delisted" oh wait those are someone else's words I heard yesterday:) Go $PHIL
Nope will never happen. Go $PHIL
Yep brokers are greedy if these block trades are related to the buyback there was probably a set price negotiated by Henry. If the brokers can pick up shares below the negotiated price they make more money on the difference. Go $PHIL
New York, Nov. 29, 2020 (GLOBE NEWSWIRE) -- PHI Group, Inc. (www.phiglobal.com, PHIL), announced today that Xuan Quynh Limited Liability Company, a Vietnamese infrastructure construction and development company, has signed an agreement with PHI Luxembourg Development SA, the mother holding company for PHILUX Global Funds SCA, SICAV-RAIF, to join its “PHILUX Infrastructure Fund” compartment as a new partner in the first-ever Luxembourg-based infrastructure fund initiated for investment in Vietnam and Laos.
As one of the fastest growing economies in ASEAN, Vietnam is currently demanding for more foreign financial investment and technical assistance to narrow its infrastructure gap. According to the Global Infrastructure Outlook, Vietnam requires an investment of US$605 billion to meet 83 per cent of its infrastructure goals by 2040. Among the sectors that have been given utmost priorities are the urban transportation, road, rail and port infrastructure.
Currently, just 20 per cent of the country’s national roads are paved, and a recently approved plan to build Vietnam's North-South high-speed railway, which allows passengers to travel between capital Hanoi and Ho Chi Minh City in about eight hours, will cost about 26 billion U.S. dollars.
The rising population in major cities in recent years has strained and exceeded capacity of the existing connectivity networks and utilities systems. With 50% of Vietnam’s population expected to be living in cities, Hanoi and Ho Chi Minh are building rapid transit systems exceeding US$22 billion in the hope of reducing private vehicle ownership and improving air quality.
Various expressway projects are planned and underway to improve connectivity within major cities. Similarly, development and upgrading of urban utilities infrastructure are announced and there are 44 planed PPP projects with total investment value worth up to US$ 120 billion in the road and power sectors.
Besides supporting infrastructure development for industrial zones, transportation, urban areas, seaports and airports in Vietnam, Xuan Quynh LLC intends to utilize the Luxembourg infrastructure fund for a number infrastructure projects in Laos as well.
Looks like the 2020 10-K should be out by 6/4/2021 based on what Henry said in this tweet. At least we will have some new information to look at by then.
PHI GROUP INC
@PHIGROUP
·
May 14
$PHIL Dear Valued Shareholders, I want to be transparent in providing this update. We just filed 10-Q/A for Mar-20 Qtr as there were some small changes that had to be made. Regarding Jun-20 10-K, due to circumstances beyond our control, we expect delay for approx. 2-3 more weeks.
I know from talking to Henry he had to release this PR because he couldn't hold it longer than 9 days. If another deal is signed we should hear about it in less than two weeks IMO. Released on a Sunday.
https://finance.yahoo.com/news/xuan-quynh-llc-joins-philux-020000289.html
It would be great if Henry signs another deal during this wait on getting current. Henry needs to announce the deal within around 9 days of signing it. He could issue an 8K instead of a PR since it will be a material event. Go $PHIL
I am just adding 3 weeks on to Henry's last time estimate of the end of May to get current. The delay below was up to 3 weeks and that is approximate. That puts getting current during the last week in June and Henry needs sometime to do the buyback (paperwork to move the shares into his company's account) so he may extend it for another month. Just being realistic here. There are probably delays with the current auditor as well as a back log with the peer review auditors. Your guess could be correct though time will tell.
PHI GROUP INC
@PHIGROUP
·
May 14
$PHIL Dear Valued Shareholders, I want to be transparent in providing this update. We just filed 10-Q/A for Mar-20 Qtr as there were some small changes that had to be made. Regarding Jun-20 10-K, due to circumstances beyond our control, we expect delay for approx. 2-3 more weeks.
The stock price will go wherever the MM's want to execute the block trades at watch CFGN this week he seems to be the one setting the price currently IMO. We know it isn't dilution since the share structure has stayed the same for weeks. The MM's will following him. He set the price at .0025 last week so the block trades could execute at .00255. We will definitely hit .0024 next week the bottom of the current channel the channel could move down a few ticks it all depends on the buy volume and if the MM's are forced to cover like many were saying that the new rules will cause. I will believe it when I see it though LOL. It is too bad the current auditor has way to many clients to give $PHIL the time they need to get current sooner than the end of June. Go $PHIL
What Changed....
Instead of getting current the end of May $PHIL will be current the end of June. The major accomplishments will be the same we will just be told about them a month later. Henry's verbiage hasn't changed.
PHI GROUP INC
@PHIGROUP
·
May 14
I look forward to sharing many exciting things that I am unable to discuss until we are current, and I'm sure you will agree it was worth the wait. There are many great accomplishments, but legally I must wait to share the details. Thank you for your continued support. God Bless!
PHI GROUP INC
@PHIGROUP
·
Feb 18
$PHIL We are very close to being able to reveal so many significant details to our shareholders, which will make the waiting seem like nothing. Stay safe and healthy!
Kindest regards and God bless,
Henry Fahman
https://twitter.com/PHIGROUP
This is just one of the companies the current auditor of PHIL is working with there are other companies as well but one example is enough to show PHIL isn't getting a lot of auditor time from it's current auditor.
On February 19, 2021 the Registrant engaged M.S. Madhava Rao as the Registrant's new independent registered public accounting firm. The appointment of M.S. Madhava Rao was approved by the Board of Directors of GiveMePower Corporation. M.S. Madhava Rao will be reviewing and providing audit services related to the financial statements that are to be included in the Annual Report for the period ended December 31, 2020. M.S. Madhava Rao did not prepare or provide any financial reports for any periods prior to the date of engagement, nor did it prepare or provide any financial reports for, or prior to the year ended December 31, 2020. Neither the Company, nor any person on behalf of the Company, consulted with M.S. Madhava Rao during the Company's two most recent fiscal years or the subsequent interim period prior to the engagement of M.S. Madhava Rao and the disengagement of Benjamin & Ko.
He is attached to two companies on OTC markets PHIL makes three:) I am pretty confident there is more than that though.
https://www.otcmarkets.com/learn/service-providers/8887?t=5
Yeah I know but he still needs to go through a 21 day quarantine which I suspect isn't much fun:) At least he doesn't have to go through Cambodia this time and potentially get kidnaped by the rebels LOL.
Here is another reason why Henry should postpone his trip to Vietnam. Maybe go in July when things maybe better and PHIL is current of course.
From March 22, 2020 until further notice, Vietnam has temporarily suspended entry for all foreign nationals. Vietnam will not be issuing visas or allowing entry to any travellers at this time, including those who already hold visas or visa exemptions. Only Vietnamese nationals, foreigners on diplomatic or official business, and highly skilled workers allowed to enter the country at this time. From Feb. 1, 2021 until further notice, anyone entering Vietnam must undergo medical checks and 21-day quarantine upon arrival.
https://vietnam.travel/things-to-do/covid-19-travel-policies-vietnam?gclid=Cj0KCQjw4v2EBhCtARIsACan3ny4CUT2X3kEbrWRLt6UZsnqt9-_IsubGGJJ_dBhbgYpIHNP8WtCcLMaAg6GEALw_wcB
Hi Kenny, we do know what it feels like to wait a long time on audits and those audits were smaller than this one LOL. I have never been in an OTC stock with as many moving parts as $PHIL. You can tell from Henry's tweets he is very anxious to share all the major accomplishments he has achieved. Seems like the fireworks have been pushed back to July no biggie.
Thoughts on the average trades...
Since the below average trades started happening again, I was trying to figure out the reason.
1. Is this creditor dilution that could still happen in the future. Answer is no because there hasn't been dilution in weeks confirmed by the share structure updates on OTC Markets.
2. Could it be pre-arrange third party transactions associated with the buy back. Yes, It could since Henry confirmed in a CC that these transactions were happening.
3. Could it be transferring shares between Market Makers. This is also possible.
We will have to wait until PHIL is current by the end of June to find out. Now will the stock price drift down it depends. If these are negotiated block trades at a certain price which seems to be the case because the Market Makers like CFGN have been pushing the price down to a price that is a little below the block share trade price. Coincidence I don't think so. My opinion is the stock price will go as low as the negotiated block trade price. This scenario has been happening for many months. Good Luck to all that will see this through to the end of the rainbow and the huge pot of Gold.
PHI GROUP INC
@PHIGROUP
·
13h
I look forward to sharing many exciting things that I am unable to discuss until we are current, and I'm sure you will agree it was worth the wait. There are many great accomplishments, but legally I must wait to share the details. Thank you for your continued support. God Bless!
https://twitter.com/PHIGROUP
Shares didn't increase this week that is a great sign.
Share Structure
Market Cap Market Cap
68,265,287
05/13/2021
Authorized Shares
40,000,000,000
05/07/2021
Outstanding Shares
24,823,740,565
05/07/2021
Restricted
588,567,720
05/07/2021
Unrestricted
24,235,172,845
05/07/2021
Held at DTC
22,666,058,912
05/07/2021
Float
188,824,993
11/12/2018
Par Value
0.001
https://www.otcmarkets.com/stock/PHIL/security
Henry staying stateside until PHIL is current means getting current is his number one priority IMO. Go $PHIL
That will never happen. Go $PHIL
Yep that sounds about right. Go $PHIL
Sounds good each filing gives an update on the status of all the amounts paid towards the agreement. Last update was from As of April 20, 2021. I am interested if the share structure increased this week we will know today. With Market Maker CFGN involved it is possible. There could still be a little creditor dilution left.
Maybe it ties in with this in the last filing.
D. AGREEMENT WITH TECCO GROUP FOR PARTICIPATION IN PHILUX INFRASTRUCTURE FUND COMPARTMENT OF PHILUX GLOBAL FUNDS
On August 10, 2020, Tecco Group, a Vietnamese company, signed an agreement with PHI Luxembourg Development SA, a subsidiary of the Company, to participate in the proposed infrastructure fund compartment of PHILUX Global Funds SCA, SICAV-RAIF. According to the agreement, Tecco Group will contribute $2,000,000 for 49% ownership of the general partners’ portion of said infrastructure fund compartment. As of April 20, 2021, Tecco Group has paid four billion Vietnam Dong (VND) towards the total agreed amount.
I asked my Crystal ball how things were going it started smoking and spit out these two words. "Working nonstop" Go $PHIL
The MM's have decided the channel is .0026 - .003 today with low volume they can do what they want. Hopefully next month $PHIL will break out of it's prison. Go $PHIL
It is obvious the MM's won't let $PHIL trade above .003 unless new information is released such as the 2020 10-K maybe not even after that time will tell. Go $PHIL
Yep nailed it a perfect stock manipulation day LOL. Go $PHIL
PHIL will probably close at .003 today after the manipulation is done that makes perfect sense LOL. Go $PHIL
Yep CDEL isn't playing today maybe they know their time is short:) Go $PHIL
Probably won't go lower than .0025 today even with all the stock price manipulation going on. Go $PHIL
Yeah if it dropped that low 100 percent something illegal is going on. Go $PHIL
I have no words for this post. Well maybe I do it means he is putting the company first before himself. His shares aren't important at this time the company's exponential growth is though. Go $PHIL
Sounds good so we have no dilution for two weeks, we have longs holding their shares for major catalysts and new buyers buying because of major catalysts coming and maybe a few flippers here and there. The stock price shouldn't be this low based on the above. I realize many don't like to hold OTC stocks over night but this is an OTC stock that will unleash big board type news soon:) Go $PHIL
Great News so MM games are confirmed since there hasn't be any dilution for the last few weeks. Go $PHIL