Replies to post #46296 on PHI Group Inc (PHIL)

[Mr_Wealthy_Investor]

No, SEC send out letters of deliquescies and company's lawyer have to reply by certain date.

[Djk0689]

Before the sec does any delisting the ceo can release unaudited financials.

Unaudited were used to activate the fund back in June 2020 and to start the process of money money.

The problem with releasing unaudited is the ceo can’t use the lux fund until the gaap audited financials are posted and safe harbor is tossed out.

Both the ceo needs to start a number of projects in the pipe.