PHI Gold Corporation (fka PHIG)

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ATTENTION: The following is entirely on topic!
silbersel...

The following has been copied from www.investopedia.com :

What Does Letter of Intent - LOI Mean?
1. An agreement that describes in detail a corporation's **intention** to execute a corporate action. The letter of intent is created by the corporation with its management and legal council, among others, and outlines the details of the action.
Can anyone be held liable for their misguided intention?

I passed my Series 7 2-89, and my 24(General Securities Principal)in 7-97. From 2-89 through 6-97, my cohorts & I made
literal FORTUNES off of PR's of LOI's. Had to curtail the practice in 7-97, when I became a Principal (Branch Sales Manager).

If search engines were around back then, I would have started every day with a search of that days pr/newswire stories of penny stocks
who had just signed the infamous "LETTER OF INTENT"!

We joked that the true meaning was that two companies had a phone call, and AGREED that sometime in the future, they might TALK about getting involved in some sort of JOINT VENTURE...MAYBE!

Same Henry, different day!

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