PHI Group Inc (PHIL)

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PHIL DD (update 2): 1) Acquisition of Maxagro Farm SRL to close by August 8th https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12104566

Acquisition 1 Maxagro Group revenues of 30M Euros crazy!
Founded in 1993, Maxagro Group currently cultivates approximately 12,000 hectares for agricultural products and owns a cow farm with approximately 2,000 heads for dairy and meat, built according to the latest standards. Maxagro has advanced farming machinery and equipment, 10 vertical silos with storage capacity of 30,000 MT, a horizontal silo with storage capacity of 10,000 MT, and a fully integrated biogas power plant. With annual revenues of approximately $30 million Euros, Maxagro Group is profitable and capable of managing over 50,000 hectares of farmland in Timis and surrounding counties. Website: www.maxagro.ro


https://www.otcmarkets.com/stock/PHIL/news/PHI-Group-Acquires-Majority-Interest-in-Romania-based-Maxagro-SRL-to-Launch-Organic-Farming-Program-in-Europe?id=160559&b=y ,

2) CEO buys 20M shares form 4 filed on 7/27 https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12194034,

3) paid off debenture on July 24, 2017, the Company paid a total of $49,530.72 to Auctus Fund LLC

4) low float no toxic financing

5) another acquisition Constructii SA, coming https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12154622
PHI Group JV Receives Approval from Yen Bai Province for 100-MW Clean Energy Power Plant Project

Total estimated investments for the project are approximately $297 million, for which the Company has received interest for financing from several investor groups. At current electricity price levels, which are expected to rise over time, projected average annual revenues and EBITDA during the first 9 years of operation are $101 million and $79.4 million, respectively. The Company plans to use an innovative kinetic power system developed in Germany as the preferred technology and has also considered other alternative renewable energy technologies if needed.

acquisition mentioned Straight from the Yen Bai Government site making it legit http://www.yenbai.gov.vn/en/noidung/tintuc/Pages/chi-tiet-tin-tuc.aspx?ItemID=90&l=NewsEvents



6) 5,673,327 shares of common stock that have been set aside for a special dividend distribution.