This is what I've been tossing around in my head for a while now... ever since it was first brought up.
I think it would be near impossible for all of PHIL to uplist to a senior market based purely on Vinafilms revenues. There would need to be multiple sources of revenue that would allow the market cap to exceed the O/S by 3-4x.
- The projected O/S at one point for PHIL was going to be 3 billion after buy back was completed. Even if Henry got us to 1 billion shares... that would essentially mean that Vinafilms would be pulling in $3-4 billion in revenue. I can't imagine that Vina is worth that much just yet, let alone $9-12 billion. And I'm not going to speculate on "that which shall not be named" just to get us to a point where Vina will solo us into an uplist.
- The caveat being that the market cap and the actual company equity are not one and the same. The market cap is basically shareholder speculation on what the actual value of the company is. If the shareholders believe that the company is worth that much and are willing to buy shares at $3-4 a pop, then... ta da...
My theory... based on my own mental ramblings... is that it's more likely that APP will spin off and THAT subsidiary would be uplisted to NASDAQ, just like we were speculating APR would do when it gets its initial listing. We know Vinafilms will be/is part of APP. It would make sense to take their revenues, spin them off with a smaller O/S and uplist that company. We know that APP is going to spin off. We now know that shares are going to be offered as a special dividend to shareholders.
Yes, I know that he mentioned Vinafilms revenue would be enough to uplist and we all know he wants to uplist PHIL. But if he can spin off both APP and APR while PHIL maintains a controlling stake in both companies... and/or if he did that with even more companies... "by your powers combined..."
That's all. I'm probably way wrong. But that's where my head has been.
