Replies to post #40168 on PHI Group Inc (PHIL)

[pivotpoint1]

I don't think so ... But dollar volume was over 2 million last 2 sessions and today $486,000 ..there is plenty of money and shares being traded here.. This is major interest for this stock that's for certain..

[ka ching]

I heard it hasn't started yet Hopefully soon it will though and then those who try to sell high and buyback lower might get burned if Henry is buying the dips

[facts_matter14]

While no verbiage has been found saying the company has to be current in order to do buyback, there is plenty of verbiage saying a company that is not current does have Material Non-Public Information, which should prevent a buyback from being done.

As Henry now has years of Material Non-Public Information, it would be suicide for him to trade on it.

He has said many times, and very recently, that he has not bought back any shares. This is something I think everyone can believe.

IF he gets current, it can be assumed buyback will start immediately after.