PHI Group Inc (PHIL)

[mythical_phenix]

De Minimis....
Here's an example of the idiocy circulating on stockwits:

djk0689
11:39 AM
$PHIL
Finra reports updated, we are down to 1 broker left holding 2.67bill shares. Here are all the shares traded by brokers going back. I'm waiting for the last broker to zero out and report be empty.

I think this is suggesting that there is a single firm holding 2.67 billion shares that they have purchased for Henry. LOL! When what the data actually shows is a bunch of firms traded 2.67 billion shares of PHIL in the month of May 2022 on behalf of hapless investors.

This is what that is referring to:
https://otctransparency.finra.org/otctransparency/OtcIssueData
Pick monthly, OTCE, and PHIL and you get:

OTC (Non-ATS) Data Details
Symbol PHIL Report OTCE
Description PHI GROUP, INC. Common Stock Month of May - 2022
Product OTCE
Total Shares 2,627,911,682 Total Trades 5,729
OTC (Non-ATS) Description Shares Trades Trade Last Updated Date
De Minimis Firms 2,627,911,682 5,729 07/05/2022

The average number of trades of each firm was less than 200/day thus they don't list them individually lumping them all together as the 'De Minimis Firms'