>>107499280with phase you are right we have no way factually of knowing, but there are other signs that show some health.
they have always spent what they have earned. years where they did'nt earn alot, they didn't spend a lot. you can tangibly see what they are spending their money on which suggests they are making money to be spent. this isn't vshojo who only had a start up budget, burnt thru it, and then got $500,000 in charity who stole it and you ask where did the money go?
phase are spending money right back on their talents. you see it in concerts, 3d, outfits, conventions, projects etc.
also phase girls are not vshojo girls who have money in the bank and will let 6 months of no pay slide. if pay periods start getting missed, we would hear about it because phase has loud mouth talents who would publicly ask where the fuck is is their money
also sakana himself is a multi millionaire and phase is only one of his ventures. there is a timeline they could operate at big losses, but it doesn't matter so long as he is fine pumping his own equity into it because he is a crypto bro who likes traveling with girls every weekend and bragging that he puts on concerts. i don't think this is the case too much tho because the thing about millionaires is they don't like not seeing return on their money and if something becomes a money pit they will pull the plug.
for me the first warning signs of trouble in phase is when you see their convention schedule decrease. they do a lot of business at conventions, and if they stop going to those, then something is up
