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Re: mythical_phenix post# 112843

Thursday, 01/19/2023 9:50:35 AM

Thursday, January 19, 2023 9:50:35 AM

Post# of 119369
Why does this remind me of an advance fee fraud?

Advance fee frauds ask investors to pay a fee up front – in advance of receiving any proceeds, money, stock, or warrants – in order for the deal to go through. The advance payment may be described as a fee, tax, commission, or incidental expense that will be repaid later.

From PHIL's 17 January 2023 8K:


1.2 Repayment of loans. PGG covenants to repay the outstanding principal amounts currently due TTG totaling Two Hundred Five Thousand U.S. Dollars (USD 205,000) and Twenty-Eight Thousand EUR (28,000 EUR) plus accrued and unpaid interest before February 10, 2023, irrespctive [sic] of the Closing of said Stock Transfer Agreement.

Volume:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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