Replies to post #77796 on PHI Group Inc (PHIL)

[Djk0689]

.

[KYCats]

Your example was not verified like you said ALL of your posts were. I have not posted anything that cannot be verified as much as anything you post can. I promise that you do not want to start this battle. You did your job, please move along!

[SellingAt5bucks]

I’m not sure if I’m comprehending some wordings correctly, maybe you could explain what does the words that I bolded below on D & F means.

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 twenty-five billion shares, or as many as economically practical.
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 and from time to time until December 31, 2021.
f. The Company intends to fund the proposed share repurchase program with the proceeds from the disposal of certain non-core assets and from anticipated sources of income 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.

[lubberboy]

I agree with your assessment! When I first looked at the financials it was clear to me that PHIL has been largely a share selling scheme, thus far. This could be as big as some say but, it's gonna take years. Most folks buy OTC stocks for quick profits by buying low and selling higher and many don't even like holding over night! I believe that $300 million MC will be down considerably before it reverses course.IMHO