PHI Group Inc (PHIL)

[Sheddoggie]

So how could those big dumps NOT be dilution?

My theory is that it's all the people who got shares as payment or note holders cashing in. Or maybe even Henry himself, he has millions of shares that he got in lieu of wages. All those shares have already been accounted for and wouldn't change the O/S count because they have already been counted when issued and wouldn't show up now as dilution. Note holders cashing out won't show as dilution. Fact_matters had tons of shares, if he cashed out those shares, they wouldn't show as dilution.

I'm thinking it is shareholders that have been holding shares for a long time that don't care if they make a profit. Something is better then nothing and that Johnny Parks guy has a butt load of shares to dump, as does Henry. We know these are SELLS and not BUYS. If the volume today was all buys, we would have moved up...not broke even. Just my thoughts on this strange trading pattern and the lack of movement in spite of good volume..