Good points here but I reiterate my post from the weekend, many of us (longs included) have a level of fatigue right now for a lot of reasons, and with the constant hype but wait pattern we have been in for the last 6 months there needs to be some sort of delivery on at least one of the catalysts and updates on others along the way. I know getting current checked a box for a lot of people but it's going to take more then that to move the needle for some investors.
Anytime there is communication (aside from a PR) there should be specific catalyst updates. As share holders (even thought the structure is different) we essentially are the board of directors and we have an expectation to be updated on the various projects accordingly.
I love Henry and believe in his passion for what he is doing (and have told him so several times) but without additional transparency through communication, again it just comes down to one man's word and a lot of faith and trust on our part.
I know timelines only seem to boost flipper activity but even generalities would be helpful, such as "we expect this project to move into the next phase by the end of then next fiscal quarter", because yes, given the history of this stock and looking back over several years there have been many catalysts that just never materialized and to date no one knows why or the status of them. I don't need to say what they are the DD is out there already.
The new Five Grain venture has great potential but so does the ADE and so does the PHILUX FUND. There are a lot of moving parts to each of them and truthfully each one will have milestones along the way that need to happen in order for them to continue to move forward. None of it is going to be easy, however if even one of them produces then yes PHIL should move significantly and eventually uplist on it's own merit of via merger.
The biggest issue however is the BB, it has been the driving force behind so much of the hype and all investors knew that even if not all the catalysts succeeded the BB would at least significantly increase the PPS. It doesn't matter if Henry now needs to the money for the FG deal, the BB needs to happen and it needs to happen before the end of 2021. Without that it will be very hard for many investors to have that faith and trust that is needed moving forward, and if that happens PHIL will just continue to be a flippers paradise in the OTC. The pattern currently is sad and we are knee deep in it.
I have not given up, and these are just my opinions like many others here. I am still LONG, still holding (and like Facts can show it), and still believe in this company as a life changing stock.
GLTA,
~PP17
