Wednesday, June 30, 2021 12:19:51 AM
I should probably clarify/speculate...
APR and Gildex are two separate legal entities.
https://opencorporates.com/companies/us_wy/2016-000710882
https://opencorporates.com/companies/us_fl/P18000046101
However... Gildex (in loose terms) was supposed to be the sub-company of a subsidiary (APR).
https://www.globenewswire.com/news-release/2018/02/01/1330166/0/en/American-Pacific-Resources-Launches-GILDEX-Blockchain-Coins-for-Gold-Industry-Estimated-to-Bring-Upwards-of-1-Billion-Value-in-the-Coming-Year.html
Gildex was to be backed by gold taken from APR. That's how they were connected. Gildex was to have a few different tokens being pumped out - silver, diamond, platinum, etc. Are they tiers? Or are they backed by that resource? I don't know. Based on this press release, I would imagine probably backed by that resource. We do know that Henry has plans to have a crypto backed by diamonds. We also know that at one point, Henry wanted diamond mines. Would those diamond mines also be operated by APR? It can easily be inferred that Gildex will host both gold and diamond tokens regardless.
Gildex is going to be worth billions. Period.
APR was shares only. No tokens. But the value of what APR was pulling from the ground was going to directly impact Gildex tokens and in turn APR would be positively affected by Gildex. And that's where the lines started getting blurry. If that's still the case... APR may be worth just as much as Gildex is anyway. It's not always the case but typically the "parent" company is worth more than its sub-company... depending on how it is set up. Of course there are variables... share count vs token count, operating costs, etc. Again... the lines were blurry for me and I wish I had paid more attention back then.
Shares = APR
Tokens = Gildex
Connected, but separate.
Remember that that PR was from a couple of years ago. We were going to be given a divvy in shares. Then it was shares and some tokens. It doesn't necessarily mean we are going to be given the same amount of tokens as we are shares. It also doesn't necessarily mean that the plan is still the same. We know that Henry wants to give us some of each. We just have to wait and see what happens.
IMO, Henry is probably still trying to figure out the details and it's also probably not a priority with getting all those subcomps online, ADE, the Lux Fund, getting current, etc. The blockchain and creating the actual crypto exchange are going to need be completed first. I know there are a couple of people out there that have been digging deep on the fintech companies that Henry had purchased.
I know that Henry appreciates his shareholders. He really wants to make a difference to his longs. I feel strongly he's going to take care of us either way.
Recent PHIL News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 03/11/2024 10:05:47 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 12:34:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/26/2023 03:00:09 PM
- US Airforce Contract Awarded to Epazz, Inc. (OTC Pink: EPAZ) • InvestorsHub NewsWire • 12/14/2023 11:48:21 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 08:40:50 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:15:52 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/13/2023 09:33:15 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 08:10:38 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/28/2023 08:30:15 PM
- Airbus, PHI Group Sign Deal for 28 Helicopters • Dow Jones News • 09/12/2023 01:58:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/03/2023 12:00:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/29/2023 03:30:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/28/2023 09:00:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/28/2023 08:45:44 PM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM