PHI Group Inc (PHIL)

[saving_ryan]

Henry just has to give documentation to the accountant/auditor. He doesn't file it. That's what the accountant/auditor is paid to do. You get what you pay for. That's where we're at right now, no sense in continuing to complain about it. We aren't quite out of the paperwork hole yet. File the 10-K and the next 10-Q and then there is a break for (hopefully) a new auditing company with more resources to be retained.

As for someone younger, more tech savvy taking over...two of the most important roles of any CEO is experience and relationships. They are there to enable and facilitate, not worry about the tactical stuff. What you're describing he needs is a high functioning VP.

100% agree about the revenues though. These really need to start being seen by EOY, with a build up of filed paperwork/projections/etc. along the way.