Replies to post #100428 on PHI Group Inc (PHIL)

[Sheddoggie]

Yup, that the right way to do it.

I allotted myself a million of my 7M shares to flip. I'm long 6M and flip 1M. At this point my shares are free.

I've learned over the years that going long OTC stocks is a huge gamble. Took me years to learn how to take profits when I can. I've sat on stocks for years only to see the company go bust believing it was the gold mine I always dreamed of.

If a stock IS a REAL goldmine, it ain't a stinky pinky. That said...will PHIL be a goldmine? Maybe. In the mean time might as well make some money in case it isn't. That way if it goes bust I'm out nothing.