PHI Group Inc (PHIL)

[Sheddoggie]

Your listening to DJK.

I've watched all the CC and Henry never once said they were locking up shares. Please feel free to point out which CC and at what time in the CC.

Here is a link to the 8K discussing pushing the BB out until 2023.
https://www.sec.gov/Archives/edgar/data/0000704172/000149315222009604/form8-k.htm

It also says that the BB is contingent on loans.
1. 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. Amount of repurchasable shares: As many as economically conducive and optimal for the Company.
c. Total repurchase dollar 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 practical until June 30, 2023.
f. The Company intends to fund the proposed share repurchase program with proceeds from long-term financing programs, future earnings, disposition of non-core assets and other potential sources, subject to liquidity, availability of funds, comparative judgment of optimal use of available cash in the future , and satisfaction of certain open contractual obligations.
g. The share repurchase program will be in full compliance with state and federal laws and certain covenants with the Company’s creditors and may be terminated at any time based on future circumstances and judgment of the Company.

Do your own DD!