PHI Group Inc (PHIL)

[saving_ryan]

There was almost no information in that update that hasn't already been said. Go ahead and re-read it. Just a lot of vague statements like: "as soon as practical" "to prepare and complete" "in the process of" "in the coming days" "quickly thereafter".

All typical Henry jargon. Absolutely nothing concrete. Until he starts using language containing "we have closed" and "will be filed on [insert date]" it's all fluff. And even then, at this point, I wouldn't trust it until it's officially filed. He truly has mastered the art of evasive wording.