PHI Group Inc (PHIL)

[Sheddoggie]

It all depends...

If everything fails to materialize (no loans, no deals finalized, horrible financials.) and we are deep into trips again......

I shudder to think it...but a shareholders meeting is usually the event where companies that do it announce it. Reverse split.

Henry is about out of options. I don't care what anybody says....NO BANK, INVESTOR, LOAN SHARK is going to loan a billion dollars to a company that racks up huge losses year after year and trades in the trips. I've seen it before, when all else fails, reverse split. These CEO's seem to think that if all of a sudden their SP triples or quadruples over night it will make them look good and people will dog pile in. And that does happen. Unfortunately when investors figure out what happened the SP value has sunk below what it was before the split. I've yet to see a single reverse split of a pinky do anything but kill the stock value. And in a couple of cases it was the kiss of death to the companies and they never recovered.