PHI Group Inc (PHIL): The regulations state that if shares are...

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Re: Wilson-castaway post# 46393

Tuesday, 03/02/2021 6:12:48 PM

Tuesday, March 02, 2021 6:12:48 PM

The regulations state that if shares are bought back on the open market and the person buying back the shares has important, non-public information (in this case what is in the financials and big deals made), they can loose safe harbor. However, it states that if done through negotiated contracts, safe harbor is not at risk.

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