PHI Group Inc (PHIL)

[facts_matter14]

There is the legal side and the side of what everyone "knows" is happening.

Legally, the buy back has not started and no shares have been bought back. End of story.

Based on the verbiage in the 8-K, about using pre-negotiated transactions to fulfil the buy back, the tons of DD that support shares have been purchased to meet the terms of the 8-K, and Henry's own words when he said that until shares are officially on the PHIL books he can't discuss the buy back, it is a certainty that billions of shares have been bought by brokers, investors, and shareholders, who have pre-negotiated agreements with Henry, to sell him those shares AFTER the company is current, at an agreed upon premium to what was originally paid for the shares.

So, legally the buy back has not started because legally it can't, and it can't be talked about by Henry.

But have billions of shares been bought which are believed will be move to the PHIL books, AFTER the company is current AND he has revealed all Material Non-Public information? Absolutely....

Make sense?