PHI Group Inc (PHIL)

[brunners]

news out
https://www.otcmarkets.com/stock/PHIL/news/PHI+Group+Files+Form+8-K+with+the+Securities+and+Exchange+Commission+Regarding+Stock+Repurchase+Program+and++Schedules+Shareholder+Conference+Call+for+April+2%2C+2019?id=222716


The Company will buy back its common stock from the open market from time to time in accordance with the following terms:



Purpose of Repurchase: To enhance future shareholder returns.
Class of shares to be repurchased: Common Stock of PHI Group, Inc.
Total number of repurchasable shares: 5.3 billion shares, or more as may be needed.
Total repurchase amount: To be determined by prevalent market prices at times of transaction.
Method of repurchase: Open market purchase.
Repurchase period: April 15, 2019 to March 13, 2020.
PHI Group, Inc. will fund the proposed share repurchase program with the proceeds from the disposal of a portion of certain non-core assets and from future earnings of the Company.
The share repurchase program will be in full compliance with state and federal laws and certain covenants with the Companys note-holders.