I would say that is a good guess:) Henry didn't say how he resolved the balance maybe it was a combination of converting shares and a cash payment we will know when it is reported in the SEC filings. Go $PHIL
PHI GROUP INC @PHIGROUP · Mar 18 $PHIL We have discussed and reached amicable terms to resolve the balance with our last convertible note holder. Details will be reported in our filings with the Securities and Exchange Commission. Best regards and God bless!