Replies to post #40388 on PHI Group Inc (PHIL)

[KYCats]

Henry was obviously unable to stop the noteholders from converting totally. Also, we think that the required shares designated for the PPP projects were already accounted for. However, the new law that went into affect on the 1st governing PPP projects has significantly changed the project criteria. The equity requirements could have definitely changed. See the article in my previous post. GO PHIL!