PHI Group Inc (PHIL)

[saving_ryan]

Yes, the SEC has to qualify the offering, and this usually takes AT LEAST 90 days with rounds of comments.

Just FYI, part of the qualifying is passing a "bad actor" check to make sure it is not a scam. A Reg A offer is also not cheap...say 50k-100k.

As for the pricing and why someone would take this over open market, the only reason I can really come up with is international investors. Since it's an unregistered offering, international investors and banks wouldn't have to jump through as many hoops.

But as with PHIL and Henry, who really knows?!

Until official items are released and explained nobody has any clue.

Things that people thought would raise SP didn't do anything. And the same goes for things people say would cause a dump in SP.