Replies to post #114630 on PHI Group Inc (PHIL)

[Green Leaf Smoker]

Good Grief ...it pays for one to do own DD & use past spewing fluff as good reference of evaluating anything of future potential stated success. Track record for all to see in blood red financials quarter after quarter https://www.sec.gov/edgar/browse/?CIK=704172&owner=exclude
It also pays of whom to follow on FACTS vs those stating "moving sgares" ???? wtf

[saving_ryan]

1. OTCX is only on the ask, so they aren’t selling old shares, only new ones. Also, every time they are on the ask we get dilution, no way around that argument. Restricted or non-restricted, we don’t know yet. But still dilution.

2. Vinafilms is NOT a huge write off. It’s not a write off at all. The deal basically just got reverted as if it never happen. Oh and I’m pretty sure accounting expenses were owed by PHIL if the deal didn’t go through.

History doesn’t always repeat itself and it doesn’t do much good to complain about it, but it sure can give insights.