PHI Group Inc (PHIL)

[rhod]

I posted this over on ST, but may be helpful to some here.

For all who bought at the recent highs in the 190's. You are now where I was at back in early February. My first purchases were on 2/9 in the middle of a run-up just before a blow-off. My first day average was .00625. Within two weeks PHIL hit a low of .0019.

That was a 70% decline. Nothing had changed in my DD except a filing was being delayed. No different than today. Over the next 3 months, I averaged down 30 times and up 15 times, including today. Why would I do that? Because the all the DD I could find was sound. I could independently confirm it. I looked back through years and years of tweets, financials, ST and IHUB message boards until I could discern which posters to pay attention to and who had skin in the game.

Fortunately today there is significantly more DD available and in a form that's easy to follow thanks to @SD_Hunter here and Pokerpro05 over on IHUB. The big difference is that instead of 6 months to being current, we're about 1 month from being current.