PHI Group Inc (PHIL)

[facts_matter14]

Now, as per the agreement reached between Henry and "third party" to purchase the shares on Henry's behalf and fund it, that is major news and should be disclosed in a PR with supporting agreement filed. Now according to you that agreement was already executed on, meaning the shares were already purchased. That certainly is a major material development. But nothing was PRed, nothing was filed.

I’m sorry you don’t understand how this process works, but saying things which are untrue, only leads to more confusion, and I can’t hold your hand through everything here.

When a third party purchases shares, through a negotiated transaction, to sell to the company at a later date, it dies not require a PR or an 8-K, or anything. If I bought 1 billion shares, in December 2020, to sell to Henry by 12-31-21, then I bought the shares, and you would never see that news.

When Henry buys them from me, and they are officially transferred to PHIL, then Henry has 4 days to file an 8-K, saying the company bought back 1 billion shares.

Nothing gets an 8-K, until Henry buys them from whoever he had an agreement to buy them from, and they are officially owned by PHIL.

It really helps to understand how a negotiated transaction works, and when the public needs to legally hear about it, otherwise untrue statements about manipulation and other ridiculous things might happen.