Yeah I'm hoping it's just shorting, they get their money and get out.
As for the TTG - here is what I refer to from the 8-K on 11/14 -
1.4 PGG commits that PGG shall arrange a sum of money via PHIL’s shares up to US$ 10 million to serve TTG projects that are being implemented in the United States before December 15, 2022.
There is never a mention of this being with cash. And even in the extension 8-K on 1/18 it only discusses the acquisition and the $250M package to be used for it.
Not sure why you wouldn't use the $250M instead of shares, but Henry has done plenty of things I don't agreed with or understand. So unless something has changed behind the scenes, I assume it's still out there until Henry states otherwise.
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