PHI Group Inc (PHIL)

[Djk0689]

Henry announced a buyback that would take place. He also mention on the CC that he can't officially move any shares onto the PHIL books until current. That said Buyback is highly speculated to be underway via negotiated transactions. The CEO explained on both recent CC that he is not at liberty to discuss the details of the buyback until OTC shows current. There is nothing stopping him from using brokers to gather the shares.

The brokers to date have managed to move/collect a total of 16-19bill shares. Buyback was to be for 15bill shares or more as needed. I feel very strongly the brokers were sucking up all the shares hitting open market these last few months. Below you can verify the data on Finra for what brokers have done and see that more are involved than before.

https://otctransparency.finra.org/otctransparency/Agreement

Also the link for the buyback. Review line D.

E IT RESOLVED, that the Corporation is authorized to repurchase its own shares of common stock from the open market from time to time in accordance with the terms mentioned below:



1. Purpose of Repurchase: To enhance future shareholder returns.
2. Details of Repurchase:
a. Class of shares to be repurchased: Common Stock of PHI Group, Inc.
b. Total number of repurchasable shares: Up to 15 billion shares, or more as may be needed.
c. Total repurchase amount: To be determined by prevalent market prices at times of transaction.
d. Methods of repurchase: Open market purchase and/or negotiated transactions.
e. Repurchase period: As soon as possible until June 30, 2021.
f. The Company intends to fund the proposed share repurchase program with the proceeds from the disposal of a portion of certain non-core assets and from anticipated revenues of the Company.
g. The share repurchase program will be in full compliance with state and federal laws and certain covenants with the Company’s note-holders.

https://www.otcmarkets.com/filing/html?id=14587044&guid=NutpUq-5bLQsc3h