MOMO'S BREAKOUT BOARD

[BeamMeUpScotty]

$PHIL DD Post. Worth a look. Receives $3bn financing & 1bn share buy back to be completed by Crownbridge Capital within 18 days after the Judge signed the Order against then.

Unlike other press releases, Friday’s PR from $PHIL was released on Globe Newswire.

https://www.globenewswire.com/news-release/2022/08/19/2501694/0/en/PHI-Group-Inc-Acquires-Majority-Interest-in-Tin-Thanh-Group.html

The stock ran well on Friday on this news but has a long way to go to get back to 52 week highs.

This Twitter account states that Crownbridge have 18 days to comply with the already accepted Civil penalties entered against them. $PHIL is named in Appendix A.

Here’s a link to the actual signed order by the Judge.

https://casetext.com/case/sec-exch-commn-v-crown-bridge-partners-llc

The stock was already generating lots of chatter on twitter with several heavy hitters either already in the stock or planning on getting in next week but this Judgement brings a whole different ballgame into play. That’s because unlike when Crownbridge has converted notes then shorted the stock these shares have to be bought back in the open market and delivered to the Transfer Agent for CANCELLATION.

Also, Crownbridge are prevented from converting any other convertible debt they may holde from $PHIL.

Seems like a perfect storm to me!