Vietnam websites show $100 million in revs on Vinafilms. All investing is speculative but... at some point you have to READ THE FACTS and test the waters. 2021 will show IMO even higher revs than 100 million. Hang on to your keyboard buddy your desktop is about to blast off.
"Buyback
BE IT RESOLVED, that the Corporation is authorized to repurchase its own shares of common stock from the open market from time to time in accordance with the terms mentioned below:
1. Purpose of Repurchase: To enhance future shareholder returns.
2. Details of Repurchase:
a. Class of shares to be repurchased: Common Stock of PHI Group, Inc.
b. Total number of repurchasable shares: Up to 15 billion shares, or more as may be needed.
c. Total repurchase amount: To be determined by prevalent market prices at times of transaction.
d. Methods of repurchase: Open market purchase and/or negotiated transactions.
e. Repurchase period: As soon as possible until June 30, 2021.
f.
The Company intends to fund the proposed share repurchase program with the proceeds from the disposal of a portion of certain non-core assets and from anticipated revenues of the Company.
g.
The share repurchase program will be in full compliance with state and federal laws and certain covenants with the Company’s note-holders." DJK
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