PHI Group Inc (PHIL): PHIL - I read that 10Q as a statement th...

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Re: dweasel92 post# 11576

Tuesday, 02/20/2018 7:03:36 PM

Tuesday, February 20, 2018 7:03:36 PM

PHIL - I read that 10Q as a statement that they are looking to do business to increase the share price, not a reverse split.
No reason to do a reverse split if the company has the right business model.
40% of shares are held by insiders of the company.
They'd be shooting themselves in the foot if they did a reverse split as a means of increasing share price
But, then again, the demoncraps ran a criminal in the last election. Seems anything is possible these days.
Happy trading
Cheers
PHIL

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