This was incredibly well written and I agree, especially with the buy back.
I understand why Henry delayed the buyback and it is important for people to realize the purpose of this stock is long term sustainable growth. Henry wants his stocks to stay above certain price levels to qualify for uplisting.
This is a tough pill for us to swallow, but what happens if say he retires 20 billion shares today? The stock shoots up, and then goes back down because we don’t have registered revenue streams or an accurate snapshot of the company via financials.
My thought and opinion is that Henry is waiting for at least one project or company to be “on the books” BEFORE retiring shares. This would ensure that the price stays consistent and grows.
So many investors bought in just for the buyback and instant flip, but that’s not healthy for PHIL and Henry knows that. Henry wants to benefit long term shareholders, not just people looking to flip as soon as buyback is announced and sell their positions the same day. I know it hurts those who were looking to sell a portion of their shares for gains and hold the rest long, but Henry is looking long term and for sustainability.
Some will continue to sell the linger buyback takes, but most will hold because they know after buyback the price will HOLD and it crash because we have revenues.
Anyways, just my thoughts, not financial advice.
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