Replies to post #106203 on PHI Group Inc (PHIL)

[Sheddoggie]

Sorry...wrong.

You can't use restricted shares for closing deals or collateral.

"Restricted stock units (RSU) are stock-based compensation awarded to employees. As noted above, the RSU will vest over a predetermined amount of time, at which point you can access the stock to do as you wish."

Restricted stocks are used for bonuses or to reward employees. Somebody got a nice bonus.

https://www.myopenadvisors.com/restricted-stock-units

[Sheddoggie]

I stand corrected. They can be used for collateral.

But he amount you can borrow against them is very low. As low as 5%. Anybody using restricted shares as collateral would have to be really, really desperate for money.
https://www.forbes.com/forbes/1999/1101/6411420a.html?sh=3ea5700e79bb

Then there is still the vesting timeline. Thats when you actually get the shares. Restricted shares given to employees have a date when they can be sold. They are also considered to be income so you pay taxes on them.

[cojoboy]

Restrictioned shares are locked up usually for 6-12 months...?????