Replies to post #32919 on PHI Group Inc (PHIL)

[Han_Solo]

sure!

[Rufny]

it does show IF PHIL were out of cash and such dire straights
as some like to suggest its highly unlikely GLINK APP
would have made this deal with them.

IF IF BIG NEWS is coming Henry is just clearing the
deck getting the fluff out of the way first.

[keepdreaming132]

Henry no money for lux activation. he need money to start his other scam Glinkapps to sell arts and "real estate development and investment" plan. Think about it, if Henry have money then why wait for the fund? We have until June 30, 2020 to see what will happen.

Quote from the 8-k filings. I Bolded the sentence of focus.

it deems necessary for the Company to further extend the Record Date of the special stock dividend to June 30, 2020 to comply with the contractual obligations in connection with certain outstanding convertible promissory notes and also to enable the Company to repurchase of its common stock from the open market before the distribution of the special dividend shares in American Pacific Resources, Inc.

it means, they will buy back shares and stuff before the dividend of that date.