PHI Group Inc (PHIL)

[facts_matter14]

Yes, as long as the first 8-K is for many billions of shares.

As I mentioned in another post, I believe there will be numerous 8-K’s, possibly over a few weeks, announcing the bought back shares. He isn’t going to just put out an 8-K saying 20 Billion were bought back.

Because he has agreements with a number of people and brokers, I assume that each “transaction” has to be closed separately, which could lead to multiple purchases over multiple days, resulting in multiple 8-K’s.

Someone else may be better informed about the process, but I’m sure it won’t be a one 8-K and it’s done situation.

Maybe the first 8-K is for 5 Billion shares, and he says the company will continue to buy shares as per the 8-K dated 6-28-21, which just means more announcements are on the way.

Anyone else want to weigh in?