I'm going to make this post just for the chance at least one person will benefit. All of this relating to your statement about PHIL share count. Now no disrespect to anyone, there is no right or wrong in what allows us to be comfortable entering or exiting a position. We all have things we look for in a stock.
Now let's just forget about the fact we have a ton of synthetic "fake" shares in play here that will need to be bought back. We will just focus on real shares.
First of all, look around otc and find stocks with similar o/s, chances are most will be trading with a much lower pps. Why?
Secondly, have you ever been to an estate auction or even most vehicle auctions? Smart buyers that are looking for resale item wait until the middle or more towards the end when others have spent their budgets. Why? Less people bidding on things means a much better price.
Now with that said, have you been to a charity auction? A short version of this is from beginning to end even the coffee table you can buy at your nearest thrift store for $25 goes well into hundreds? Why? A willingness and passion to help a cause.
What about Tom Brady's rookie card that sold for millions to where Tom even said maybe he should clean his closets out... lol
My point is: When you laser focus on only a couple aspects of a stock you leave a LOT of money on the table. Like that coffee table mentioned above, in many cases it's supply and demand plus what individuals are willing to pay for something as well as an individuals passion, situation, and a sentimental value.
Wrapping this up, let's say PHIL has 6 billion shares but if 5.75 billion of those shares are in hands of individuals that love the company, have great respect for Henry, and want to be involved with the company for a lifetime, the value of each of those shares will be something not many will be able to afford. So how many shares are ACTUALLY tradeable? Plus, when some shares do become available how many will be in line to buy them?
(Note) Every post I make is simply my opinion.
