Replies to post #92055 on PHI Group Inc (PHIL)

[facts_matter14]

Why run a marathon just to quit in the last mile?

Let's say the loan(s) finalize in December, but the actual funds won't be available to PHIL until January or even February. Henry would likely have to extend BB by 30-60 days, unless he has money from somewhere else to buy them earlier, which seems unlikely.

If those are the circumstances, selling in January seems kind of lame, doesn't it?

[facts_matter14]

This is the problem with the: "If Henry extends BB, the sky is falling", mentality.

If the loans are finalized/signed by 12-31-21, and he is extending it until the loan(s) are funded and until he has access to the cash, so what?

If he is extending it 6 months, and the loan(s) aren't finalized/signed by 12-31-21, then we have a totally different situation and I would be in line with everyone else complaining.