Someone posted - sorry, I can't find it, but it was early this week - that PHIL had enough NOLs to eliminate or significantly reduce its corporate taxes through 2024. That's a lot money for the company, but only if it can ensure that 51 % of the ownership will not be transferred, i.e. shares changing hands, until all the NOLs have been covered. Either Henry has locked down a percentage of ownership in some form other than retail shares, or he has to corner 51 % of the shares and not let them trade - and not retire them from the OS, either. Does anyone know how and if he's done this? It could be quite a positive step.
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