PHI Group Inc (PHIL)

[jrockents]

$PHIL - This is the way I see it. Henry set the TTG deal close date one week later than he expected to close the Belgium loan and before the Lunar new year. That wasn't enough time. The date to pay in cash was a floating date and Tran CEO of TTG probably agreed to the cash deal without a time stipulation. That is why Henry can say he will pay cash to buy TTG whenever the Belgium loan closes. This is from the letter. "The plan was for all of this to be completed last week, but due to the logistics and complexities of transactions like these, there are so many representatives and moving parts involved that it has been challenging to hit the intended target dates, especially this soon after the winter holidays. I want to assure you that we are moving forward with the immediate goal of closing the first financing package and completing the TTG deal as outlined previousl