Replies to post #30288 on PHI Group Inc (PHIL)

[Djk0689]

Henry said serval times no RS so my thinking is he is contractually obligated to not do it with note holders and “deals”.

I also think retail won’t jump on 2’s until the ship has sailed given Henry track record with news and things actually happening.

If anyone buy 1’s they can get dumped with a loss outside the fee. If you buy 2’s and sell on 1’s you get the idea. I don’t think it’s any thing else but Henry track record holding it back.

[ADVFN_curncman]

Reverse may not happen

[mythical_phenix]

I think you are confusing right and wrong. There is nothing wrong here. Instead it appears totally right. Right as in how it has been for the entire history of this turd.
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[keepdreaming132]

From what i see it. the stock purchase is pretty much a reverse split. i highlighted in BOLD on the two quote the similarity of a Reverse Split and Stock buy back. to sum it up, they both reduce share and increase price.

What is a Reverse Stock Split?

A reverse stock split is a type of corporate action which consolidates the number of existing shares of stock into fewer, proportionally more valuable, shares. The process involves a company reducing the total number of its outstanding shares in the open market, and often signals a company in distress. A reverse stock split divides the existing total quantity of shares by a number such as five or ten, which would then be called a 1-for-5 or 1-for-10 reverse split, respectively. A reverse stock split is also known as a stock consolidation, stock merge or share rollback and is the opposite exercise of stock split, where a share is divided (split) into multiple parts.

Reverse Stock Split

What Is a Share Repurchase?

A share repurchase is a transaction whereby a company buys back its own shares from the marketplace. A company might buy back its shares because management considers them undervalued. The company buys shares directly from the market or offers its shareholders the option of tendering their shares directly to the company at a fixed price. A share buyback reduces the number of outstanding shares, which increases both the demand for the shares and the price.

Share Repurchase