PHI Group Inc (PHIL)

[facts_matter14]

FYI, about paying the Auditor.....

I've been asked, and I've also seen the questions posed about why Henry isn't offering shares or extra money to the Auditor, to get the filings done faster.

A) The Auditor can't have shares in PHIL because it is a conflict of interest.

B) Henry can't pay more, or offer a bonus, after the initial financial terms were established, as it would be seen as a bribe to get favorable results, and/or to get expedited results, ahead of other paying clients the Auditor has.

While frustrating to wait every time we want a filing, unfortunately there are no alternatives until Henry finds a different Auditor, which hopefully happens AFTER the 2021 K is filed, at the end of August.

We have to keep the same Auditor through 2021 K, because trying to change before that would cause a huge delay, right after getting current, so not going to happen.