PHI Group Inc (PHIL)

[gettingideas]

CEO has confirmed its existence??

YES, HE HAS FILED THE BUYBACK PLAN A COUPLE OF TIMES WITH SEC AND EXTENDED IT A COUPLE . OF TIMES TOO. SO YES, IT DOES EXIST INDEED.

Will it be ever executed on? I doubt. Starting with the fact Henry said in a call about 5GTS that shares are held by somebody (true, a lot of people hold the shares) but he didn't yet bought them back from thwse somebodies.

And then he proceeded with saying that he needs to weight all options what is good for the company, what to spend money on, the buyback or new investments like purchasing 5GTS instead.

So it doesn't look too good... ?? ??