I remain confident - yes.
I also rebought a chunk of shares this week that I sold last run based on that confidence, and the reduced share price, so I have decided to be a little more active... and yes I sold shares on the last run. A lot of people did - as evidenced by their once constant voice on the board and now current absence from the board. It happens all the time.
IHub loves hype and momo - well, that died down here after the run to .08+ but the narrative has not changed at all. In fact it has gotten stronger in some areas and while a little weaker in some they still presently exist... but only one thing is off the table - the MJ deal.
Since this is a holding company thankfully shareholders are not relying on one deal or one industry to move the PPS. There are multiple business lanes Henry is traveling in at the moment - yes, I wish he would slow down a bit and give us some solid updates about the APR Gold shipments, other current revenue, stating the status of notes publicly (in PRs and Filings - not via tweets), and keeping shareholders more informed about the ICO. However, I understand he is busy trying to run the company. I will give him the benefit of the doubt for now but at some point he has to you know what or get off the pot.
In my mind if they successfully launch the ICO and do even a fraction of their goal of $100M then this is a no brainer because bigger money will come from the outside to take advantage of the upside potential and undervalued nature of the stock. Most pennies don't get anywhere because they don't actually achieve any real revenue, let alone net income... they are just mythical business dilution machines that dilute to the tune of 100s of millions or billions over and over. People create grand stories around them and hype them up to accelerate the price so shares can be sold. The dilution here, while it has been present, has been minimal this year and especially since it was last in the mid .01s (there is a reason it was at .01 - got got clobber late last year and early this year but that has been addressed ad nauseam). This is still a company with roughly 100M OS and only 60M float... that is really small. Think of some recent runners and how large the floats are (often while getting exponentially larger during the runs) and compare them to PHIL... Phil has revenue and if Henry executes will start to show sizable net income with a very conservative SS.
Will PHIL be be different than most pennies? Some will say no but such an answer is based on belief, speculation and opinion - otherwise they would be on their islands with their crystal balls racing speedboats for fun and flying in their G6s to where the heck ever instead of posting here. Some will say yes... based on what they read and decide has the opportunity to occur. More often than not the naysayers are correct (even if they didn't know for a fact prior - as no one does) but that doesn't mean it can't happen - because pinks and QB stocks do run big and then hold a good portion of their gains for a very long time. Rare but it happens. It might just happen here if Henry and company execute.
Remember this is an OTCQB stock and not a 6B OS 3B float sub-penny ticker.
Sure I could post over on any other stock I have traded recently but I don't because they are just trades. I know the story here as I have followed it since January and I know a little bit about cryptos after doing quite a bit of research on them over the last 4 months.
So yes, I remain confident here with PHIL.
$PHIL
AI
