PHI Group Inc (PHIL)

[TheBigMozey]

PHIL - A few things stand out for me with PHIL
1) Relatively low float
2) Recently paid off debt with cash, according to the latest tweet from the CEO, not shares
3) Actually selling gold for a revenue stream for the company
4) Blockchain financing for miners - which has about 4 to 10 other companies looking at the same type of setup. In other words, it's a space that miners would love to have, since private placements to get financing for drilling programs, setup and actual mining is always dilutive for miners. Blockchain financing would be a unique way of getting financing for the miners that would not lead to dilution for shareholders
4) 40%, more or less, insider ownership, with most of the shares bought this year. So, the insiders believe that the CEO can actually follow the business plan laid out, and turn PHIL into a major player within the mining industry and other areas that they are involved in. Putting your own money into the "dream" as the insiders have, says a lot.
That's my take on PHIL, the rationale for buying more at these levels.
Am I disappointed that shares have fallen back into the .04's?
You betchya. But, that's the nature of investing - ups and downs, manipulation, attacks by short sellers.
Only time will tell if the insiders and the investors are correct.
Always remember - Rome was not built in days. It was a long haul, as it could be with PHIL.
Happy trading.
Cheers
PHIL