PHI Group Inc (PHIL): So are we thinking that retail is sellin...

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Re: None

Tuesday, 05/07/2019 12:56:49 PM

Tuesday, May 07, 2019 12:56:49 PM

So are we thinking that retail is selling hundreds of millions of shares at .0001 to help with a share buyback? Makes no sense. If they are buying shares at .0001, they are buying their own diluted shares, which isn't going to help the share structure at all. From April 26th to May 3rd they added 500 million shares to the O/S, even if all the volume of the last two trading days is them buying shares, they haven't impacted the share structure in a meaningful way. IMO.

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