PHI Group Inc (PHIL): Respectfully disagree. Buyback needs to...

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Re: cojoboy post# 92045

Tuesday, 11/23/2021 12:07:04 PM

Tuesday, November 23, 2021 12:07:04 PM

Respectfully disagree. Buyback needs to happen because it's got a 12/31 buyback period deadline. This could be extended of course, but that would further erode investor confidence imo. Especially since "negotiated transactions" have been disclosed - there are entities and/or individuals right now holding shares to be retired.

Of course the bad news of buyback extension COULD be countered by upcoming great news we're not aware of at this point, but in my opinion any positive developments that would impact the share price are offset by the bloated O/S number. O/S needs to be significantly reduced for PHIL to achieve full potential.

IMO reduction of shares is our #1 investor priority, simultaneous to ADE launch, 5G, and whatever else is ongoing.

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