PHI Group Inc (PHIL): Let us be clear and accurate about what...

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mythical_phenix

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mythical_phenix

Re: turn around post# 6539

Tuesday, 03/04/2014 2:08:48 PM

Tuesday, March 04, 2014 2:08:48 PM

Let us be clear and accurate about what I said:

...there is $37K owed to the IRS by PHIL that is included. In any case (no pun intended), after slogging through these readings it appears that Henry collects some $12.5K/month salary from PHIL but that PHIL has been unable to pay this for some time. However, and again from the most recent filings, in March 2014 there will have been completed some grand restructuring of PHIL at which time not only will Henry be able to collect his $12.5K/month in salary he will also be able to collect some $4.3K/month in arreared salary...

So, to summarize what I said, it was that Big Henry filed documents in his bankruptcy case that made the above claims.

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