PHI Group Inc (PHIL)

[gemmerling]

The most important thing is there wasn't note holder conversion for a whole week. Maybe the note holder took a week break or maybe he/she is done hopefully Henry will announce the last note holder has finished converting stock in the CC. The MM volume was low probably due to no additional shares hitting the market. It appears it is all retail or MM's trading shares between each other to make a market. I also thought those 5 digit trades were MM to MM since we can't put in orders like that with the brokers I use anyway. I have been filled with a 5 digit trade with E-trade sometimes but that was just luck. Also the note holder has been super aggressive so I don't think he would just stop unless he was done converting.