I don’t think that really answers my question about D & F.
This is all JMO of what D and F is stating.
What I think D-negotiated transactions means is that Henry can have a broker or brokers purchase shares in advance for a negotiated price or premium that Henry will pay for in the future once he is current and has all the funds available and ready. So technically he did not purchase any shares since PHIL was not current but someone else did maybe back when the share prices were .0001, 0002, 0003 or higher and Henry could have negotiated with them to purchase all the shares the broker bought for maybe .0002, .0003, 0004, .0005 or even higher. Maybe this is why it is not on any of the filings that posted so far since he did not buy any shares back yet but the broker or brokers are holding it until Henry pays for them and move them to PHIL’s books which at that time it would be consider the buyback date.
F- anticipated sources of income of the Company Might mean that the Company can use the anticipated income for the coming year or years to use for the purchase of the shares at a negotiated price with the broker or brokers. Money can also come be proceeds from the disposal of certain non-core assets.
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 twenty-five billion shares, or as many as economically practical.
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 and from time to time until December 31, 2021.
f. The Company intends to fund the proposed share repurchase program with the proceeds from the disposal of certain non-core assets and from anticipated sources of income 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.
