PHI Group Inc (PHIL): I thought this was particularly interest...

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PHI Group Inc (PHIL)

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Tuesday, 02/20/2018 5:45:01 PM

Tuesday, February 20, 2018 5:45:01 PM

I thought this was particularly interesting...any thoughts?

From this 10Q: We believe that by closing one or more of the contemplated acquisitions we will be able to build a critical mass and uplist to the Nasdaq Stock Market or NYSE in the near future.

From Last 10Q: Since we do not currently meet the requirements for our stock to be quoted on NASDAQ, NYSE MKT LLC or any other senior exchange, the tradability in our securities will be limited under the penny stock regulations.

Under the rules of the Securities and Exchange Commission, if the price of our securities on the OTCQB or OTC Markets is below $5.00 per share, our securities are within the definition of a “penny stock.” As a result, it is possible that our securities may be subject to the “penny stock” rules and regulations. Broker-dealers who sell penny stocks to certain types of investors are required to comply with the Commission’s regulations concerning the transfer of penny stock

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Recent PHIL News

Form 8-K - Current report • Edgar (US Regulatory) • 07/09/2024 12:54:54 PM
Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 10:05:18 AM
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Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/14/2024 08:30:45 PM
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Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 03/11/2024 10:05:47 AM
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Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/28/2023 08:30:15 PM
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