PHI Group Inc (PHIL)

[Ardbeg]

Share availability is not a concern - just think about bitcoin and the fact that only roughly 17M coins exist... it is highly less liquid than something with 50M available shares in a company and where did bitcoin go and how has it done? I am not comparing PHIL to bitcoin with respect to it going close to $20K but rather using it as an analogy for liquidity. It all depends on supply and demand.

Low floaters tend to go high when the conditions are right and this one has those conditions forming. When the company starts showing a profit, which should be very soon, an EPS can be calculated and then a PE applied to the stock... if there are hundreds of millions or billions of shares outstanding then yes, the volume might be high due to liquidity but the stock price and EPS are much lower. It is not a bad thing at all to have a conservative SS and PHIL has one that is in the perfect spot to see dollars once the projected revenue and profits are realized... if not prior.

$PHIL