PHI Group Inc (PHIL)

[saving_ryan]

Is anyone else reading the 8-K as two separate possible dilutive actions?

1. The ownership piece - if Henry doesn't fork over cash he has to grant Mr. Tran an equal amount of shares to Henry and they then become partners.

2. And SEPARATELY, another $10M via PHIL shares for projects? This section doesn't even mention paying cash as an option. Just $10M from PHIL shares. All before Dec. 15...

So just that $10M would mean another ~$7.5B shares in the next month at the current share price.

I know some of this would (I certainly hope) come with actual assets, but geez. As if 33B shares weren't enough.