PHI Group Inc (PHIL)

[facts_matter14]

Never to early to set realistic expectations regarding the buy back announcement...........

The bought back shares, which are currently owned by brokers, investors, shareholders, and whoever else Henry pre-negotiated agreements with to buy the shares for him, have to be officially transferred to the PHIL books, from whatever books they are on right now.

This process can not legally start until the company is current.

If the filings hit on Wednesday, after hours, and the company is current as of that moment, none of those shares, which from all indications is up to 20 billion shares, are on the PHIL books.

Assuming Henry has the Zoom call 30 minutes after the filings post, there is ZERO chance he will be able to give a buy back number on the call.

It will take time to move all of the shares to PHIL.

Don't set yourself, or others, up for a huge disappointment.

Henry should tell us on the zoom, how long it will be before he can give the number, but not much more.

I'm a realist, and realistically, we are not getting a buy back number next week. The best hope would be for Henry to say how long it will take for the process to be completed, and when he thinks the OS will be reduced.

I'm pretty sure Henry will have so much to say on the zoom call, and will surprise all of us with things we never imagined, that waiting for the buy back number won't be difficult to do.

All IMO, of course......