Replies to post #49472 on PHI Group Inc (PHIL)

[KYCats]

Where did the money the CEO is using to buyback shares now come from? Also, where does it say that environmental impact of projects has to be considered? I definitely may be wrong, but we may be confusing the ability of the fund's primary owenership to make decisions on what projects are funded and the role of the fund's required auditors. I am not saying he can use money from the Lux fund to buyback, but he could use fees obtained for its management.

[ka ching]

Exactly but he can use the shares of mysn and spbv and other selloff of certain non performing assets etc for buyback Go Phil $$$$