PHI Group Inc (PHIL)

[saving_ryan]

Yes, I read it as the deal is done and that is how the payment will work, however if they don't follow through with those shares being issued, then it will be paid in cash or they will come from PPG (and we get more shares dumped on us).

My big question is whether this transaction can be shown (financially) on the books outside of being a subsidiary, or if this is in fact going to be another Vinafilms situation where we cant show revenue until the audit is complete. I guess we'll know in November with the 10Q.