Replies to post #23822 on PHI Group Inc (PHIL)

[martindavis]

As the last 8-k said in part B of the buyback announcement "Total number of repurchasable shares: 5.3 billion shares, or more as may be needed."
Well, they haven't bought back a single share yet, and we're already at the "as needed." In order to make any impact at all on the share price, PHIL needs at least an 8.3 billion share buyback. Which is why I'm certain the next news we will be hearing is about a reverse split. Henry was adamant that there are no plans for a reverse split. Using the rule "Henry lies about everything" you can be certain a reverse split is coming.