PHI Group Inc (PHIL)

[keepdreaming132]

can you provide proof that "Saying someone is miss representing safe harbor is a criminal offense"? from i see it, its the opposite. criminal/fraudulent used the safe harbor act to protect them from lawsuit.

The PSLRA was designed to limit frivolous securities lawsuits. Prior to the PSLRA, plaintiffs could proceed with minimal evidence of fraud and then use pretrial discovery to seek further proof.

Private Securities Litigation Reform Act

forward-looking statement or safe harbor statement is a statement that cannot sustain itself as merely a historical fact. A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. These statements can often be misleading, as they can be mistaken for factual statements, while they are actually speculation

Forward-looking statement

Example of the variant of the safe harbor Act statement each company used to defend themselves that i copy and past from random stock. these Statement are worded to fit the type of stock it is but the concept is the same.

Safe Harbor Act and Forward-looking Statements:
This news release contains forward-looking statements pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as may, future, plan or planned, will or should, expected, anticipates, draft, eventually or projected, which are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors.

Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.


Now, for example. lets say that if i say. "PHIL will release the 10q on December 12, 2019" with a Forward Looking Statement and when that date comes and there is no 10Q then you wont be able to sue me for false information because my forward looking statement was there to protect me.