PHI Group Inc (PHIL)

[facts_matter14]

Surely even a fool can understand “negotiated transactions”:

Purpose of Repurchase: To enhance future shareholder returns.
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.