Replies to post #99347 on PHI Group Inc (PHIL)

[gemmerling]

Here is buyback info from one of the recent transcripts.

So before wrapping up here, I want to thank all of you for taking your time to join us today and some questions that have come up quite often about the buyback and the dividend distribution, uh, dilution. For the buyback program we are not going to be able to share anything at this moment. You know we have until the end of March to manage our buyback program. We do have some contractual covenants that we’ll have to honor in conjunction with the buyback programs so we’ll have to do it accordingly.

But, at the same time there are priorities right now we will need to consider especially with the acquisition opportunities. We have at hand we want to complete these transactions first and then we can go back and buyback the shares at a later time.

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