Replies to post #100524 on PHI Group Inc (PHIL)

[gemmerling]

Then just ignore it and read the quotes. These are Henry's words below in quotes.

The Kona payment needs to be made on 3/12/2022. The Five Grain payment has a 09/2022 closing date so it can be pushed back. There are more important priorities this month that must happen before the buyback. There probably won't be enough funds secured to do everything that was suppose to occur this month.

We have a contractual agreement with vinafilms, but so far because of COVID situation, we cannot get the audit done. And now in Vietnam actually just the 15 of this month you know now travel commercial flights are open again you know so we can arrange for our auditor to come back and finish the audits for vinafilms in the very near future too. Yeah, we just had a talk with some of them just this morning about the audit. Also about audit of KOTA companies as well.

So that's still on our books and we will try to complete that as soon as possible. And of course many of you very eager or anxious whichever way we want to say regarding the buyback of shares, honestly at this juncture right now we are not buying back shares right at this moment. We have said in the language and in the announcement and the filing with the SEC as well that we have extended the buy back until the end of this quarter. But between now and then you know there is some priorities we need to pay attention to, especially the closing of the KOTA companies acquisition. The one for Five Grain you know we need to make a payment. That can be negotiated, because we still have until September to do the final closing.

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