Replies to post #13068 on PHI Group Inc (PHIL)

[drew5]

I agree Sounds like we got used so he gets rich.

[TheBigMozey]

PHIL - Cash to the company - PHIL - because of the spinoff.
You'll have the benefit of owning shares in the gold company and PHIL will actually have a cash position - which is always weak in bulletin board stocks.
So, you get the better of both worlds - cash going into PHIL and shares of a profitable gold mine.
That is all contingent on the execution of the spin off.
Great news, in my opinion. He's actually doing what he said he'd do!!
Happy trading!!
Cheers
PHIL