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Friday, July 16, 2021 1:29:46 PM
Thought everyone would like to know:
It is due on September 28th, not August 29th!!!!
This is great because it gives more time to get the VinaFilms audit done! Yay!
I looked it up and because the public float dollar amount is less than $75M, (number of outstanding shares x share price), PHIL has 90 days to file the K, not 60, as I previously thought.
https://www.investor.gov/introduction-investing/investing-basics/glossary/form-10-k
Calculating Your Public Float
Your public float is the aggregate number of your company’s outstanding shares available for trading by public investors, multiplied by the current sale price of the shares. It does not include:
Shares held by executive officers, directors and other stockholders who are deemed affiliates of the company (including all restricted stock and performance shares issued under equity compensation plans)
Treasury Shares
Derivative Securities (e.g., options, warrants and restricted stock units)
Public Float = sale price of common stock on the applicable date (e.g., last business day of the issuer’s second fiscal quarter (June 30th)) X the number of aggregate worldwide outstanding shares held by non-affiliates of the issuer on that date.
Always check for water before diving in head first.............
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