PHI Group Inc (PHIL)

[MasterFeldan]

Yes but he did not expressly state Nasdaq either, I don't believe (EDIT: I stand corrected... he did say Nasdaq as part of his scenario). I think he's also been using the phrase "senior exchange". This COULD mean Nasdaq. It could also mean NYSE Smallcap, which is $1 PPS minimum. I agree it would be pointless to uplist within the OTC itself. It still depends on the results of the buy back and the actual realized revenue of Vina.

Hypothetically, lets say his plans are for NYSE Smallcap. Even just as a stepping stone. Realistically I don't see the buy back as lowering us to 3 billion (as an example) O/S and I don't see Vina as reaching $3 billion in revenue. I hope so in both cases. I'm not here to bash a stock I'm heavily invested in. But I think that others are realizing that also and not being able to say "no" to a future R/S as he has done in the past is adding fuel to the fire. A R/S to get on Smallcap is going to be significantly less than one needed to get us uplisted to Nasdaq.

But again... it's just my opinion and we don't have updated financials/information to do anything other than speculate. It's not what you know, it's what you don't know that causes fear.