Question:
If PHIL is a scam what is Henry's motivation for failing to file and falling into the expert's market? What would he gain from that? He would be better off keeping the share price high and continue to dilute, yes? There has been a lot of speculation online that this was intentional and I don't really see what he gains. Tank the stock price, get the loan, and buyback at a fraction of the cost? But the loan would be for a purchase not a buyback.
Regardless, if is unintentional like he stated, I can't imagine that this is helping close any loans! Mamma Mia.
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