Replies to post #37782 on PHI Group Inc (PHIL)

[N.A.T.]

I would think his ongoing and often pushed back, announcement of stock in a sub, based on number of shares held in PHIL, would be an even greater impediment to a RS. That in and of itself could lead to liability of shareholder action should a RS occur before settlement of that issue.

[NiteShift]

All Henry has to say is something like

"I regret to inform but due to circumstances beyond my control, I now have no choice but to do a RS at a ratio of 15000 old for 1 new share"

That's all it takes and he's off the hook.

Hope a RS never happens but with Henry you never know

Your thoughts?

[mythical_phenix]

This is just laughable:

Henry is majority owner in vinafilms and holds over 25mill in assets

My guess is that PHIL has virtually no assets of any value but regardless of what I think there is no evidence to suggest that the PHIL holds $25 million in assets of any kind. I've already explained how to calculate the value of the 'vinafilms aquisition': how much did they pay? How much is a stack of PHIL preferred shares worth? LOL!