PHI Group Inc (PHIL)

[saving_ryan]

1. OTCX is only on the ask, so they aren’t selling old shares, only new ones. Also, every time they are on the ask we get dilution, no way around that argument. Restricted or non-restricted, we don’t know yet. But still dilution.

2. Vinafilms is NOT a huge write off. It’s not a write off at all. The deal basically just got reverted as if it never happen. Oh and I’m pretty sure accounting expenses were owed by PHIL if the deal didn’t go through.

History doesn’t always repeat itself and it doesn’t do much good to complain about it, but it sure can give insights.