It seems LB has a good reputation in the HEMP industry why tarnish it by scamming investors? LB just seems to be a very cautious person and wants to make sure he is covering all has bases before transferring the assets IMO.

This sounds like speculation to me. Words like probably aren't relevant when you have an Asset Purchase Agreement filed with the SEC. You can't purchase something from somebody if they don't own it. Just saying.

Item 1.01 Entry into a Material Definitive Agreement.

On February 27, 2023, Indoor Harvest Corp. (“Indoor Harvest”) and Electrum Partners, LLC, a Nevada limited liability company (“Electrum”), entered into an asset purchase agreement (the “Purchase Agreement”) whereby Indoor Harvest agreed to acquire certain assets and certain liabilities of Electrum, a company in the business of venture development. There exists a material relationship between Indoor Harvest and Electrum in that Indoor Harvest’s chief executive officer and chairman, Leslie Bocskor, is also the managing member of Electrum.

Pursuant to the Purchase Agreement, Indoor Harvest will acquire, among other assets and liabilities: all of Electrum’s intellectual property including its name, logos, website, similar URLs and related brand materials; Electrum’s business, industry and political network, and social media presence; and certain trade accounts and scheduled liabilities.

In addition, Electrum agreed to certain commitments, including: (a) commitment of Electrum’s managing member, Mr. Bocskor, to negotiate to be engaged by Indoor Harvest to devote his primary professional efforts and time to Indoor Harvest for a commercially reasonable period of time, which engagement will include commercially reasonable non-competition provisions; (b) commitment to negotiate, commercially reasonable engagement agreements with key members of Electrum’s current operational team for the benefit of Indoor Harvest, which current operational team includes independent contractors, associates, and advisors; (c) commitment to conduct any future transactions with all of Electrum’s business relationships for Indoor Harvest’s benefit, with the exception of those related to the Excluded Assets (as defined in the Purchase Agreement); and (d) Electrum’s commitment to cease to pursue new business for its benefit, excluding those related to the Excluded Assets.

As provided for in the Purchase Agreement, the purchase price paid at closing will consist of: (a) $4,000,000 in a combination of cash and in the form of a promissory note as determined by Indoor Harvest and Electrum prior to closing; (b) 600,000,000 shares of restricted common stock of Indoor Harvest; and (c) a warrant to purchase 600,000,000 shares of common stock of Indoor Harvest, with an exercise price of $0.01 per share, a five-year term, piggy back registration rights, and a cashless exercise provision (the “Purchase Price”), plus the assumption of certain liabilities.

Further to the transaction, Indoor Harvest and Electrum agreed to establish an escrow account in accordance with the terms and conditions set out in an escrow agreement, which will escrow funds for the purpose of securing the indemnification obligations of Electrum as provided in the Purchase Agreement.

The Purchase Agreement contains customary representations and warranties, as well as closing conditions, which include the release of any encumbrances, such as security interests, relating to the Purchased Assets (as defined in the Purchase Agreement); and receipt of any approvals, consents and waivers that are identified in the Purchase Agreement’s disclosure schedules. In addition, the closing is subject to Indoor Harvest completing a capital raise of $5,000,000, and the settlement and release, or other reasonable accommodations, of Electrum’s Disclosed and/or Threatened Litigation (as defined in the Purchase Agreement).

The Purchase Agreement may be terminated at any time prior to closing by (a) mutual written consent of the parties; (b) by either party, (i) in the case of breach, inaccuracy in or failure to perform any representation, warranty, covenant or agreement made by the other party that would give rise to the failure of any of the closing conditions and has not been cured within 10 days of written notice thereof; (ii) if it becomes apparent that any of such conditions will not be, fulfilled by six months from signing, unless such failure shall be due to the failure of either party to perform or comply with any of the covenants, agreements or conditions hereof to be performed or complied with by it prior to the closing; or (iii) if any law that makes consummation of the transactions contemplated by the Purchase Agreement illegal or otherwise prohibited or (ii) any governmental authority shall have issued a governmental order restraining or enjoining the transactions contemplated by this Agreement, and such governmental order shall have become final and non-appealable.

Further, Indoor Harvest and Electrum agree that the Purchase Agreement, including any and all schedules and exhibits, shall be subject to completion and final mutual written acceptable modification and or amendment prior to its closing, and that in the event any party seeks to reject any such item and or not to “close”, then in satisfaction of the termination of the Purchase Agreement, the party seeking to withdraw shall pay to the other $500,000 as a fixed liquidated fee, not a penalty.

The foregoing description of the Purchase Agreement is qualified in its entirety by reference to the full text of such document which is filed hereto as Exhibit 2.1, and which is incorporated herein by reference.

Link to 8K where the above info was pulled from.

8K Document

A PR could have been released stating the above. Go $INQD lets get more info soon.

The following companies are publicly tied to $INQD based on the below from the Asset Purchase Agreement. The LOI's related to these companies haven't been released yet so we don't know how big these acquisitions will be.





Hopefully the next 8K released by LB will have a PR attached that will get more market exposure. LB has a good story to tell and he needs to start to tell it IMO.


Asset Purchase Agreement link below.

Asset Purchase Agreement

It is good to see these company names tied to LB's heart. Go $INQD

Happy Valentine's Day. Thank you for the wonderful gifts. 🎆 pic.twitter.com/6Yz63URemS

— Leslie Bocskor (@lesliebocskor) February 14, 2023

Asset Purchase Agreement. Click below.

Asset Purchase Agreement.

Looking for a close at or above .01 today. The 30 day clock to get on the OTCQB started yesterday. We don't want any resets to happen:) Go $INQD

Wow that is a lot of $INQD public information. Great Work!

I like what I am seeing in the trading for $INQD. I have been following LB on Twitter for awhile now and his tweets are getting more company specific which leads me to believe we will see something related to $INQD in the near future.

Great info! It is amazing how much public information is out there to connect the dots. Great Job! Go $INQD

Looking for a close over .01 today. It's coming IMO. $INQD could be at legend status in a few months. Then people will say this stock could be the next $INQD LOL.

That is great DD work tying all that public information together. Very impressive!

No Gap

Pokerpro I think you maybe right:)

Yep Pokerpro $PHIL has a bloated OS and 2 billion share volume moved the stock up 200 percent doesn't look that bloated to me. All that matters is the tradable float and we will know how tight the float is next week.

Good to see $PHIL finally waking up from it's deep sleep. Looking forward to continuation next week. It has been a long time coming Pokerpro.

Only one thing left to say.

Yep First some will have to see then they will probably believe. Sometimes reading between the lines is helpful.

I have no idea it all depends how big the tradable float is. We need to check the SS update tomorrow to see if more shares have been issued. If not those big blocks could be something else that maybe positive.

Depends on if the big news is a loan. IMO Henry added the amendment to keep the Kota deal alive when he confirmed that he will get loan funds. That makes the most sense to me after what happened with the original agreement.

Yep I agree this time if feels different like something big is about to happen.

Sorry for your loss DP.

My instincts are telling me good things are coming Kenny. Lets hope my instincts are right for once:)

Good Fortune Favors the Brave!

Yep

Now that is something to believe in.

PHI Group CC Transcript 5/23/2022

Transcribed by bahamasbex

May 23, 2022

Ladies and gentleman thank you very much for taking your time to join our shareholder zoom conference today. I know it is short notice for some of you but thank you for taking your time. I know some of you are far away. I know one of our shareholders is on the way to Ukraine in a few hours, other people are in Europe and Asia and of course most of us are here in the US. And thank you for taking your time to join us today. It's been quite a while since we had our last conference call. And I was traveling quite a bit to Asia and also to the Middle East before that but it's time for us to get together and update our shareholders because there have been a lot of activities behind the scenes and it's hard for you to imagine and sometime just trying to speculate what is going on sometimes can not be very close to the reality.

So I know it's very rushed, but we want to take this time and have this opportunity to update you and give you an overview of what's going on. Our usual caveat is the Safe Harbour, but I am not going to belabour on it in this conference. We have information that contains forward looking statements pursuant to the Safe Harbour provisions of the Private Securities Litigation Reform Act of 1995. And forward looking statement usually describes future plans and strategy, expectation and so forth, and those may defer terribly from those that have checked it because of the nature of things. There's a multitude of risk and uncertainties that could cause future circumstances and in result to be much different than we expect and want to see happen.

With that in mind we will go ahead and cover a number of topics today. We will talk a little bit about earnings and the loans we have and the transaction with Kota, with 5 Grain, progress with ADE (Asia Diamond Exchange project), and our recent relationship with VIENC (Vietnam International Entrepreneur Networking Club) and also our agreement with Tin Thanh Group. And I will also touch on our Philux Global funds and the progress.

The early report just came out right after closing of market today so maybe some of you haven't had a chance to review the details yet. But I just want to give you a quick summary. You know we didn't generate much revenue at all during the past quarter. Only a little bit of money from our consulting service and we devoted a lot of time in the past two years, in particular to work on the Diamond Exchange project and also our Philux Global funds. And of course our major initiatives are the Asia Diamond Exchange and also the Global fund program that we have been working on.

And so things can change very quickly after the closing of some of our pending acquisitions and the ability to consolidate numbers. But at the same time we will also ramp up and continue to capitalize on our ability to generate revenue through our Philux Capital advisor as the consulting arm that provides M & A (mergers and acquisitions) services and also to help other companies, especially the emerging market to become public in the US and also in Europe for that matter.

And last quarter our total operating expenses were about $295,000 and the income actually lost from operation was about $290,000 and other income and expenses. I would say expenses, not income, the other income part was small. The net other expenses were about $1.7 million. That came to about $2 million in net loss and of course most of the lost is a paper loss, not cash that we actually spent. But as far as GAAP accounting is concerned, you know, we have to be very conservative to have book every item according to GAAP requirement. So it's not all that money was cash that was spent so keep that in mind. But the result of the last quarter is not indicative of the result of the whole fiscal year because things may change very quickly if we, and when we, close some of the pending acquisitions.

Lots of you have been asking about the loans, and if you read the 8K which was filed, we just terminated two loan agreements with Geza and also with Neok Financial Group. We had some difficulties in our due diligence process. We were not very satisfied with the process and the results so we decided to unilaterally terminate those agreements and just focus on those uh that we've been working more and more closely and with greater level of interaction of feedback and progress. Right now we still have a number of programs on our books still under way, especially the HAJ Financial program.

You know we mentioned in our previous conference call and maybe in some of our tweets and so forth. Yeah we have gone a long way with that project. We have already established the SPV in Dubai. If you read the filing you will see it. We have set up Philux Dubai Global LLC and we got the license and formation number and information, we also reported that. We also set up the bank account for the holding company in Dubai and also we have gone through the Hawala certification process as of today we got the report back from our partner in Dubai that part is already done.

So very soon the whole process of due diligence and administration requirement will be completed and we look forward to being able to close this transaction, maybe part of it as a tranche first and then the rest will come later. The other loan with Arab League is still under way and we also set up the bank account and still need to complete some more requirements in terms of security bond coverage and all that. Which we will be working on after our filing so I be able to travel again and will follow up on that. And then the one with Al Aqel that one is still under way.

We've made some progress there but still some more work to do.
Among the MOU's and commitments back since 2000, we still have a very potential commitment from a group of about $350 million. We are working on that very closely at this juncture and so we are pushing forward with those 4 remaining long term loan programs. Most recently we have also had an agreement with a group for a crypto loan program for a total of $75 million, and the initial transfer would be $17 million.

We are expecting to satisfy all the requirements and we look forward to closing that tranche very soon here too. So we will keep you posted on that. So those are the major loan programs we have been working on. We dropped two but we still have five others that are under way. Yeah, the loans are important for us at this stage because with the proceeds from this program we can do a number of things. We can close the Kota transaction.

And I want to take this opportunity to thank the partners and management team of Kota for their patience and understanding. Actually according to the agreement they could have decided to not continue the transaction with us because we were not able to consummate the transaction according to the agreement, but they are willing to work with us. And actually we also assisted Kota with some short term financing to bridge the gap so that they were able to ramp up production and sales, so that was a good thing, but that's just a temporary thing.

We need to close the transaction, bring in substantial amount of money in order to be able to accomplish the goal and plans that both Kota and we have set out. So we are getting very close on that and hopefully we will have some good news to report soon.

With the 5 Grains transaction we have made some changes. Initially we decided to acquire 70% ownership in 5 Grain but there is also some complication in terms of relationship between the two countries and the fact that a number of Chinese listed companies in the US have shown lack of transparency and also the level of audit that was done sometimes is not the best. Those do not effect us because we be doing what is right and in full compliance, but we believe we don't really need to go that far.

We have decided to amend the agreement with 5 Grain just to have a smaller ownership in the company as a strategic partner and we will manufacture the organic baiju here in the US instead. It is under our own subsidiary, Empire Spirits. We do hope to be able to share that information in full detail hopefully this week or later next week so you see the whole plan and everything. I believe it will be very very exciting because we can ramp up and produce and introduce the first ever American made baiju here in California. So that will be very exciting.

As far as the ADE project is concerned, we spend a lot of time and our people on the ground. Staff and our consultants have been working tirelessly to move this project forward and of course the opportunity is huge like the 2,600 hectacres of land that has been set aside as a new investor zone in Long Thanh district, Quang Nam province near the new international airport. That's a huge project. It will be one of the best industrial zone ever in Vietnam because it's only like less than two miles from the airport and less than fifteen miles to the the sea port.

So there's no other industrial zone that's better than that. Initially we applied for 600 hectacres to set aside 300 hectacres to do our Asia Diamond Exchange project and the rest for (???) operation for other companies as well. The government suggested that if we can undertake the whole project it would be mutually convenient, so we have decided and also submitted the application to request for the whole entire zone. But you know that zone will take some time to develop. It's not going to happen over night. The airport will take some time to get built out. Ultimately it will be the biggest airport in Vietnam, we will be able to handle 100 million passengers per year. So this will be a great hub for a lot of things, not only the industrial zone but also other manufacturing like high tech facility etc.

That being said we have not abandoned our original plan to operate in Chu Lai, it's not the month of July, it's the location they call Chu Lai. Those of you who follow us, you know. Our relationship with the Quang Nam provincial government is excellent and we want to continue doing some work there so after consulting with our international diamond tier participants and partners, we decided to set up the lab grown artificial synthetic diamond exchange in Chu Lai first. And then we will do the other ADE buildings in Long Thanh.

So we can start very quickly, we don't have to wait for Long Thanh to be completed to launch our ADE program. I'm very excited about that because right now there is no other lab grown diamond exchange whatsoever. We are the first one that are doing that and we are not alone, we are with major major groups. The biggest ones in this sector are coming and working with us. We have the design and layout, and everything and we've been working closely with the Quang Nam province to get it off the ground very quickly.

Very very exciting. There have been delays, but a project of this nature takes time. We want to see things happen over night but we have to be very very realistic. And as I've mentioned to our investors and our shareholders, time isn't over. We are a different company. If you are looking at something making money in one or two quarters, it may not be the right place for you. So be mindful of that when you get in our stock. If you are looking for something that can make a quick buck and get out, this may not be the stock for you.

So please don't be disappointed. You have to have patience. If you do not have patience, it's not the right place for you. But we will be doing some big stuff. You know, we will make a big difference.

I want to share with you a little bit about our relationship with VIENC. They have about 200-300 member companies, and many of them well qualified to go public on senior exchanges in the US or even in Europe, or in Hong Kong, Singapore, etc. It is a privilege for us to work closely with this very special group. A network of people with great minds, with great ambitions and talents and we believe we can do a lot of things that will benefit both sides.

Not only helping their members, but by helping their members we are helping ourself because when we help take one company public, for example, not only do we earn fees from the transaction but we also earn equity in those companies. And looking at Chinese companies right now, even though a lot of those have dropped out due to different reasons and so forth, I think about 260 or more companies that are still listed on senior exchanges here in the US, not counting the (???) on OTC markets. The total market cap of Chinese companies listed in the US is about over $1.4 trillion, and I believe Vietnam deserves some of that opportunity and accessibility for them as well.

So we are very glad that we are ramping up our effort because there is still a void there. We started the first Vietnamese company public on NASDAQ. We were instrumental in the process and we also took our very own subsidiary in Vietnam to the Frankfurt stock exchange. We can still do the same. We left a void and we have to fill that void. The timing is now.

We just recently signed an agreement with Tin Thanh Group. On the surface, you may not pay a lot of attention, but Tin Thanh is quite a unique company. A pioneer conglomerate with decades of experience in providing renewable energy and also introducing global emissions. They are involved mainly in the environmental sector, renewable energy and they have a very unique IP (intellectual property).

It is called "closed circular agro-industrial energy" by using the sorghum crops and I will mention a little bit about how that fits very well in to what we are doing. We have launched Carbon CO2-1-0.io as a climate fighting instrument to reduce Carbon emissions, to mitigate the effects of greenhouse gases and we already listed that token on Digifinex in Singapore. It's some what active but the price does not reflect the real value of the company yet.

We have a lot of work to do, but it is getting better and better every day. Tin Thanh will be also very instrumental in bringing to us the Carbon credits that can be used for our program almost immediately. They can contribute significant amounts of Carbon credits towards our Carbon emission mitigation program. And then at the same time their other activities in environmental protection and renewable energy fit very very well in to our strategy, our scope of business. It fits in to our passion, and also our prime concerns, so it's a great fit.

Just through Tin Thanh Group alone we will be able to help them get listed on NASDAQ or NYSE in the very near future. We will be a mutual benefit for both Tin Thanh and ourselves.

As far as Philux Global Funds is concerned, we have some changes with regards to our custodian bank and also the investment manager. We are working on it right now. But it would become a much better situation for us with the new custodian and the new fund manager that will work closely with us. As mentioned from my previous tweets and press releases, I was in Dubai and Abu Dhabi in late March and also in Zurich in April. We met with a lot of major qualified vetted investors, introduced by the US embassy in those countries and also the Department of Commerce.

Quite a few major groups have interest in working with us, and we also are working with three groups in particular in Dubai, in Israel and also in London that will be working with us to fund Philux Global Funds. First will be the real estate compartment and then the energy and then other to follow. So things are working out very very well. I'm very happy with the result, even though on the surface sometime if you look at the immediate things on the surface, you don't see it. Oh, the company didn't make any money the last quarter.

No, we didn't make any money, but we have invested a lot of energy, resources and our commitment and our hard work in to this. It will all come to fruition and we will see the results. I just want to give you the assurance that I will fully devote my energy and attention and effort to make sure that we will accomplish our goals.
I hope to be able to share with you very soon on the status of Kota and 5 Grains in more detail, especially with the loans that are very close to having the first closing. So with those we will be able to show some solid result by being able to consolidate the numbers of our acquisition partners and also with the work we are doing through Philux Capital advisors with regard to taking companies public and also providing M & A services for them we will be able to generate revenues and be able to show on our books more going forward.

As far as Vina Films is concerned, we just talked to our auditor yesterday. He will be in Asia later this month and part of June. So the plan is for him to come back to Vietnam to finish the audit so we can consolidate the numbers for Vina Films for the year ending June 30, 2022. So that's the plan. As you know, when we first set out to acquire or to have the business combination cooperation agreement with Vina Films in Vietnam it was before Covid. But after, when Covid happened, things have changed dramatically. Not only for Vina Films but also for many other companies. So I say wow, we have to be very realistic as far as our expectations, or new expectations are concerned. Business is not the same, it is not as usual as before.

We have to adapt, we have to be able to sort through things and make the best decision that will be most beneficial for the company for our shareholders. A board member of our company often say when you go to battle after you fire the first shot, all your configuration and all your plan will change, is not going to be the same anymore. And in fact it is the same thing in business. One decision or one factor that happens that can change the whole landscape so please keep that in mind. We are in a very dynamic situation, but we are not sitting on our hands. We are doing our best to make sure that we get to the end results.

I want to take this time to thank all of you for taking your time to join us today on a catch up call that has been delayed so long. And a lot of our shareholders and even potential investors say why no news, why no new tweet, why no update. So I think today we've covered a lot of things. Not only about the quarterly earnings, the loan programs, about Kota, about 5 Grains, about Empire Spirits, about the ADE, about the lab grown diamond exchange itself and also the rough diamond and polished diamond exchange itself as well. And then our relationship with VIENC, with TT Group and the future of our Phliux Global funds.

And sorry we will be ending our call at this moment because we have a call with Kota management in a little bit. I want to thank you again for your time and for your patience and for your confidence. I wish the best for all of us and may God bless us. May God bless Phi Group and our shareholders and investors. May God bless America. God be with you. Thank you very much. See you again soon.

Stream of CC: https://www.youtube.com/watch?v=QiZpgb7eJFE

Previous transcripts can be found here: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168636195

https://coinmarketcap.com/currencies/carbon-co2/

https://www.digifinex.com/en-ww/trade/USDT/CO2

PHI Group Inc CC 4/22/2022 Transcript transcribed by Lady Di

Ladies and gentlemen. Thank you very much for taking the time to join our conference call today. Actually this is not the most optimal time for me to have the call, I just landed in VN couple hours ago, it’s about 4am right now. But, I said we would have a call this week so I want to keep my promise to do that. It’s been very hectic and taxing and thank you for your patience as well.

I want to address a number of items here of interest and concern for all of our shareholders. I know you have been asking about BB and the loan programs, etc etc. Part of my trip to VN this time is to work on the ADE project, I will share with you on that a little bit later on, but because of the time constraints and the circumstance I want to be very very brief here. Of course the safe harbor statement: we are public company so any information that is forward looking cannot always be performed according to plans, so please keep that in mind. I don’t want to repeat myself as many times I have in the past a microcap stock can be very risky, you all know, especially OTC market level.

As you know, the BB, We have postponed the BB, we have not given up on it yet because a number of reason when we started out to announce the BB program at that time our market cap was only a few million dollars and we could have done it easily. But then, we couldn’t do it. You know we continue with the BB because we know there are too many shares out there. At one time or another some of our creditors converted shares at very low price that also hurted the market as well. But we know that what we are doing, I strongly believe the valuation will be very much higher than it is right now. the fact of the matter is we have priorities for the company and what is the best way, the most optimum way to spend our funds when we have it. You know we have a number of loans that are still pending with very low interest rate, cost of capital is quite reasonable and will be a good way to retire our shares and that is also part of our plan and I will share with you the status of our loans as well.

So the BB is still on, the company can from time to time go out to the market to BB shares on the open market or can have negotiated transactions with private parties, but of course we have a number of commitments and competence we need to comply with that is why we do what is right when it makes the most economic sense for the company and for our shareholders. We have a number of projects that can use cash for better reasons but BB is part of our commitment and we have not given up on that plan yet and and will do it from time to time.

As far as the loans are concerned, we have a number of loans we have applied to and we have been working on. Some of them are closer than the others. Two of them we need to do much more DD, I was in Zurich the previous week and we planned to have a meeting with one group in particular but couldn’t arrange that meeting. We don’t consider that transaction if we cannot verify some things in person, so but that is still not dead yet.

We have other loans we have made a lot of progress. One of them in particular we have set up the spv, we have opened the corporate account. We still need to do some more DD and compliance before that can be completed. There is also another loan with Egypt, we have also set up the account to receive the funds have gone through DD, tax, clearance, and also background check and all that. Still one more item that needs to be resolved and I plan to do that first week of may and the meeting will be probably in Italy with the lenders and their attorneys. That is the plan, it’s not closed yet but it’s not something that is dead.

The situation with Kota, to be very honest with everyone, with our shareholders and kota as well. We have delayed the closing because of the timing of the closing of the loans. But, Kota management is quite open and friendly and willing to work with us. You know of course if they choose to they can decide not to do the deal anymore, but they has been patient and working with us to close this transaction. Especially with the 75 million dollar loan. Actually, That loan we are not going to get all the money at once, in tranches. The lender has confirmed that they will be working with us to get this done as quickly as possible.

The deal with 5 Grain, you know, at this stage it’s not realistic to buy 70% of that company and we discussed with them and modified the transaction and don’t need to take majority interest in the company. We have come up with a plan which will be even much better for both sides especially for us. We will set up a distillery in CA and US material and use sorghum from Kansas and Texas as well and do the distilling ourselves.

With the technology and the recipe and “trade secret” that empire spirt has over many many decades and we also bring some advantage to the equation as well. So it will be a new organic Baiju distilled in the US, first of it’s kind. And you know the valuation of kewchou baiju itself and some of the other spirit companies in asia they have a very high multiples and I think working with the market we enter into can set us apart and we can command much better valuation as well and we believe just like tequila when it first came to market it took time to for people to recognize but after a certain period of time, people get used to it and its become very popular.

We believe Empire spirit can make a very big difference.
We have something new, it’s too early to share at this stage as far as product line and new formulations are concerned. That will come in later. I think once we can show the new brand, the bottles, the design together and are ready to launch and the new facilities and so forth it will be very impressive. It will come it’s not something that will come overnight but we’ve been working on it very diligently. Sometime people just see things on the surface and it’s hard to understand what’s been going on.

One bright spot for us also is the listing of Carbon CO-1-0 carbon coin. Part of the reason I wanted to keep the cc today as I mentioned for sure it would happen this week and also it would coincide with the listing of carbon and also april 22nd is the earth day so it’s a good timing for everything. Why do a CC on Friday? it may be a harbinger or omen of bad things. You know news is news, information is information, truth is truth. Whatever the reality we can say at any moment in time it up to people to perceive or to take it but we had a good reason to the call on Friday like this. Yep.

I want to share with you a little bit more about the funds and also the ADE. We have made tremendous progress with the ADE. The asia diamond exchange. We spend probably 4 years on this project already. It has taken a lot of time and the most of time during the last 2 years because of the covid situation we couldn’t get things done, just like a lot of other companies as well. A lot of airlines even like ? Pacific and Hong Kong are not getting back to normal and many many companies are still under stress and it has affected us a lot in many ways but at the same time our partner, Mr. Ben Smet in Europe and his team and myself we have worked nonstop, continuously with diamondteers, with major groups in Europe, in South africa, Botswanna, Dubai and Antewerp,. And we have a very very strong support that was not there like 3-4 years ago.

In this section: have to correct the location names: And part of my trip I want to share with you I want to share my screen with you. This is the new are in long thoung (?) district and Donai (?) province we’ll be doing our ADE. The upper area is 1200 hectares and the are below is about 900 hectares. Initially we came in Chu Lai in the quanam (?) province central VN during the past year the provicial govt has agreed to give us 240 hectares for the multi commodities center comprable to the dubai multi commodities center and to also set up the ADE there.

All of the conditions there are excellent, there’s nothing wrong with conditions in terms of transportation, in terms of access and proximity to the airport and support system and all that but only one issue the weather you know sometime in the winter in monsoon season it can be very adverse and that’s not something we can control. And later the latter part of 2020 the long Thong international airport got started and got expedited.

This is a huge huge airport and that initially the first few years can accommodate 25 million passengers per year but the capacity the goal is to go up to 100million passengers per year. We came in and applied for 600 hectare out of this area for the ADE and for the processing zone but because of the govt plan to build a multi logistic and multi commodity industrial zone so we have come back and applied for the entire area both the upper part and the lower part. And so I’m back in the country to work on this project at the moment with the govt.
The upper part is the airport and the lower part is the multi commodity, multi logistic center and the ADE is planned to be in this area. Sometime people think this is a big undertaking, this is a huge project. Yes indeed it is a huge undertaking and we are very fortunate to be the only group that has been able to organize to put this together with the help of our key partner mr. Ben Smet and also his team in Europe. And Mr. Ben smet is the gentlemen who set up the Dubai Diamond Exchange back in 2002-2004 and with a vast....

so many raised hands, sorry I’m not going to be able to take any personal comment at this time.

And we, as mentioned will hold the IPC when the conditions are right. Right now the travelling in VN is improving but still not totally improved capacity yet. We plan to come back with our team to organize that very soon.
I want to give you an over update, I think the most concern are the loans right now and we are working very hard to bring them to closing. The carbon mitigation program will definitely go forward and grow and expand and we have more and more companies that want to join us in providing the carbon credits and joining our program. Empire spirit we will continue to show you progress so that will be a very positive will be very robust for the company.

I think because the time constraints, the fact that the BB and the loans that most of you are concerned, it want to address those and we continue to work on these. I’m in VN for this week and hopefully we’ll be able to provide new updates through news release and another CC when the conditions are right are ready. Some of you may feel very disheartened and concerned about the share price of our stock in the market. There has been a lot of pressure, we recognize that.

But we believe that will change. Fundamentally we are sound. Our projects are on the right track, going well. We will be able to show them with results. That’s what everybody’s been looking for. I’m committed to fulfilling my obligation and my duty. My plege to you we’ll get this finished we’ll get this done. I hope you have a good weekend. It’s a little bit late for me it’s almost 4:30 in the am local time right now.

I think I’ll get some sleep. We have a full working day tomorrow, even saturday here. You know I have been working very very hard not leaving no stone unturned making sure that we do everything in our capacity to finish our job. We can try to be a builder but without the blessing of the divine it’s not up to us. It’s not about money, it’s not about business, it’s about mission we need to accomplish and I’m fullycommitted to doing that.

Sorry, I’m a little bit tired and my voice may not be very strong but my spirit is srong and I’m fully committed to get this done. I hope you have a great weekend. Thank you for your patience. Thank you for your criticism as well. I thank you for them all. I know I can take it. I’m up to do the job, Whatever you have to say, you have to say. I cannot get offended. I fully understand and I appreciate you feedbacks and your encouragement and sometimes even your bashing as well. I take them all. But most importantly I’ll finish and do the job. I will not give up. Thank you. Very much. Have a good weekend and may god bless us all. Thank you. Bye bye.

Source: https://www.youtube.com/watch?v=XsALNTd2xYU&t=9s

Phi Group Inc. CC 02/22/2022 Transcript

Transcribed by VRNAQLR

Introduction: Ukraine/Russia Boosheet

Greetings. Welcome, ladies and gentlemen, thank you very much for taking your time to join us. And todays conference call. I'm sorry It was a short notice, but I thought it would be important for us to have this call because of a number of reasons. You know, all of you are aware of the tensions that are going on between Russia and Ukraine and the US just announced the first wave of sanctions.

And, you know, the escalation of forces on the ground. And also the uncertainty that is caused by this conflict can be kind of affect all of us in different ways and today, the S&P 500 enters the correction territory and you know a lot of other Indexes also took a beating from the SP 500, Dow Jones and the Nasdaq and Russell 2000, including our stock as well.

And I believe I think this is important time for us to be aware of what's going on with the company and have a good understanding because the three factors that affect a lot of us who are in market, those of you who already know the greed factor and then hope and fear. But you know the worst of it is fear. We fear when we do not have correct, accurate information we can make wrong decisions. Sometimes things that can come back to hurt us or we may regret for a long time.

And you know the tensions between Russia and Ukraine, will also cause the energy price to rise, to escalate and that will make the job of the Fed more difficult to tame inflation, which has gone up so much compared to many many decades ago. But you know, tensions will also go away. Major events in history have come and go, so we need to look at the big picture and take a long term view and don’t get panicked.

You know, sometimes on small things and sometimes in our stock you know, today is down and a lot off you, some of you have shown the kind of fear and anxiety and some have expressed some very – I wouldn’t say depressing, but you know very concerning sentiments. So let me turn off my phone. I don't want it to interfere with our call here.

To The Point

So that being said, you know, I don't want to belabor myself or spend too much time on the safe harbor statement, which is all too familiar with us. You know, it's part of the routine in every presentation of public companies because things in the future may not be as exactly as what we planned to see happen, and because of factors that are beyond our control, you know, known and unknown risks and uncertainty and so forth, so.

That being said, you know I will not spend too much time on it today I want to do a recap on the last quarter earnings the quarter ended December 31st, 2021 and also bring you up to date on some of the recent progress so that you know that we have a bright future. It's just not the now and what already happened and some of you say, “oh. We didn't generate any revenue.”

Yeah, we admitted that we didn't but in the last quarter and even before that, we have devoted a lot of our energy and effort on a number of things. Of course, you know, building the Asia Diamond Exchange is our biggest undertaking among the other things. But then the last quarter, we also started working on the KOTA transaction and then launching CO2-1-0 Carbon mitigation program and also the Five Grain acquisition. For the last quarter, we didn't generate any new revenues.

Actually the $5000 in the book, it was from a contract consulting agreement we have had and they still owe us some money on that. It's not all, but we, you know, we only collected that much during the last quarter and our focus well mainly was on the acquisition of Five Grains Spirit Company and KOTA companies as well as the launching of the CO2-1-0 Carbon Corp you know as we mentioned the filing and also all of you are aware and now on the expansion side, you know we recorded a very big increase in expenses actually they total operating expenses were $9.9 million compared to only like over like over $109,000 for the three months ended 2020 December 31st.

The big increase in total operating expenses between the two periods was mainly due to an increase of about $9.8 million in professional services in connection with the development of the blockchain and crypto technology development project.

And you know, we didn't pay with cash, so it was from our shares. But Even so you know we recorded you know it as it has to be it's an accounting expense even though you know we didn't spend hard cash or greenbacks on it.

And so the last from operation from the quarter ended December 31st, 2021 was about $9.9 million and the total net loss including the administrative and salaries and general expenses, you know, total was about 10 and a half million dollars and again you know the bulk of it you know more than the 90% of it which mainly due to the professional services that we pay for in connection with the development of the crypto and blockchain technology programs and those, you know, will benefit us in the long term.

It's just not one or two quarters, you know, so please keep that in mind and you say cash [outlay?] and cash that we have put out, but it will come back to benefit us. And of course you know we can always offset future income, you know, with the accumulated deficit.
So it's not something waste, it is not. Please keep that in mind and why, you know, we didn't record the kind of revenue we would we'd wished to have and part of it, you know, the vinafilms as all of you have known.

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.

I will share with you a little bit on how we can capitalize on the situation and make it beneficial for our company. So whatever you see on the filing today, you know is not representative of what's going to happen in the next three or six months because between now and then there'll be a lot of changes for the better. As we say 'cause with the closing of one or two acquisition, we be able to consolidate the numbers financial result from those target companies into PHI Group and that would change the picture very dramatically, yeah.

And. Going forward, you know I want to share with you a number of progress that we have made during the last quarter and even up to date. You know under KOTA transaction, even though we have not closed transaction yet, we have been able to arrange a bridge financing for KOTA to go ahead and wrap up the new revenue growth initiative and shareholder of the Company of our company through our contact, you know, stepped up and provided that the financing for KOTA to be able to capture the opportunity and ramp up their production their contract.

And the marketing and also operation requirements in order to meet the growth target. It sounds very, very bold very audacious yet very high goal. But yeah, KOTA Management and we believe you know we're able to accomplish those milestones. So that's them. And more recently we've been able to work with a US lender that has agreed to provide 80% of the financing for the acquisition of the KOTA Companies both KOTA construction and KOTA Energy Group.

We are currently working on the other 20% so that we have the complete package for the closing of this transaction. You know of course we have lender here in the US and also lenders from abroad that we have submitted or disclosed to the SEC through our 8K filings and so forth.
We've been working with them very closely. There have been some very good progress. It's not done yet, but among the ones who have signed up with we believe you know, we'll be able to close some of them, if not all of them. So it's still in the work. It's not done yet, but you know it's not something we have given up or anything.

We will only announce and share with our shareholders and the public when it's already clear and firm. So please keep that in mind. You know we are not done with those yet. And then on the Five Grain acquisition front, we have made some very, very interesting progress as well. As far as the financing for this acquisition, we have worked, been working on a number of avenues. And whichever that comes first and more appropriate or suitable, we will choose that one to complete the transaction.

There are a couple of investors in Asia that have shown interest in participating. So that is very promising as well. And I will need to meet with them in person very soon to workout the details, but in principle you know they have agreed to doing certain things that we help expedite the close enough transaction.

And on the Empire Spirit side, the good thing is we have already been able to get the commitment of a number of growers in Vietnam that will be willing to grow sorghum for us in order to supply to Five Grain, but also to provide to Empire Spirit as well because we have already designed and will be launching an off brand of empire spirit to hit the market sooner than later because initially we were planning to wait until the closing of the transaction before we do that.

But now we have rethought the strategy and want to launch our own brand, even before the closing of the five grain acquisition. So those are very, very positive progress, especially growing Sorghum in Vietnam for example, you know it shows a number of benefits. Number one, of course. You know we can use the grain for our baijiu for our liquor stealing, but the same time, you know the sorghum stock and so forth can be used to make pellet, you know for energy and then to generate energy as well. So its one stone, two, two or three birds.

You know, it's a good thing. Before in Asia, mainly they were thinking of growing grain, I mean sorghum. There are number of companies that have set out to grow sorghum just mainly for energy purposes. And on the CO2-1-0 Corp corporation, the Carbon Mitigation program we have that Choky is running. We are now in the pancake swap period but the company has already taken steps to go ahead and list the token on an exchange in the very near future and also alongside, you know, we also have a marketing program to broadcast to propagate, I mean to share our information with the general public on a wider, wider scale. So to let people know.

So we believe in the next few months we'll see very good progress with the CO2-1-0 Carbon Corp program and the good thing is we have been able to get a number of project owners from hydro power producers in Indonesia through solar energy companies in Vietnam and here in the US also in Canada. And also we have also reached out to Latin America to South America, yeah. So we'll be working very hard and very aggressively to expand our bandwidth and our coverage so that there will be more and more people being able to come and join our program. So that's having very good progress and we believe it will, it will get better and better.

And the fun side. Yeah, we we have a minor change with the domicile, I mean the address of the fund will be moving them to a new location. And you know I will have to go back to Luxembourg to find a place for the long term office together with our fund and all our subfunds and also other operation that would be a conduit between the Luxembourg and Asia as well. So for the time being.

We have make that that change and we'll move forward with the launching of the fund toward the end of this quarter and early next quarter. Well, the good news is, besides the private investors that we have known on a personal basis who have shown interest in commitments invest into the fund, we actually have not really done any broad scale, I mean, marketing for the fund yet, but recently we have signed up with the trade commission of the US Department of Commerce and together with the US Embassy in the UAE, in Switzerland, and the UK, and so forth so toward the end of March and we'll be meeting with a number of major investors in Dubai and in Abu Dhabi through the setup and arrangement of the US Department of Commerce and US Embassy in UAE and then around the middle of April will be also meeting with some major investors introduced by US Embassy in Switzerland.

So alongside with our private network, you know we have also been able to obtain the support of the US government in connection with a number of major investors in a number of countries, and then we will go to Hong Kong to Singapore, Japan, and Mexico between now and the end of the year. So we believe overtime, our funds will be better and better recognized and we'll be able to provide a point of interest for other groups to participate, and you know the neat thing we have and sometimes you know, I don't like to be like a broken record every time talking about the Asia Diamond exchange.

But it's the biggest thing we are doing because right now no other companies doing it and we are the only company that has this tremendous opportunity and we have made a lot of progress in spite of the adverse effects of COVID-19. But our partner in Europe, I want to use the term partners because you have a number of few core partners in this that have driven the process, that have gathered the interest, that have kept the momentum, that have been able to recruit people from around the world to join us and you know we our group has set up the International Diamond Bank in Botswana that will be a conduit for investment into the diamond exchange also to support [diamondteers?] operation.

You know, at the ADE and beyond as well. And, you know the Kimberley Process certification has been approved. I need to go back to Vietnam, maybe next week or the following week to work with the central and provincial government to get ready for the international press conference and also to prepare for licensing and to start the construction process.

As times go by, we get more and more people that become aware of our initiative. Just this past week, there's a group of Italian investors who have operations in other parts of Asia and they want to come and join us to be part of the multiple Commodities Center to set up their manufacturing there with us and we're talking about big, big groups with hundreds of millions of dollars.

It's not just one small shop, you know, and things like that the momentum has been built and has been getting better and better and better every day. And sometimes you know, of course, you know, our shareholders, I don't blame you, because of course we want to see stock appreciation. You know, sometimes if you wake up in the day and see they stock going down, you know, it's not a good feeling at all.

And you know, I myself as a shareholder in the company, you know. None of us, management have sold one single share. We have not sold any share. We will continue to accumulate, you know and buy more share in the company. We're not selling because you know we know this will be a create outcome and through all of this. So you know when you see other company, people are selling and don't say, oh, Henry is doing the same thing? No, I am not. I have not.

And I will not be selling shares in anytime soon. And every time of course I or anybody management of the company if we sell any stock you know we have to disclose with the SEC you will see right away. In the next day or two and then we cannot hide. So please and don't let the bother you at all. No I'm totally committed to the company, to our shareholders. You know, my stake is in the company. I'm not doing it just for myself, but for everybody as well.

So please take the longview and as I mentioned before, you know if this is not the appropriate stock for you, you know I don't want you to [leverage] your house and put money into the company. You have to plan accordingly you know that you can handle the fluctuation in the marketplace and also you know you have enough of a [??torrent of free step??], there would be suitable for you.

So please be careful but personally I say you know I'm totally committed and I have full faith in what we are doing and of course you know with the grace of God we believe that. We will get to where we are, we will and it will be a good thing for everyone. So I wanted to take a short amount of your time today just to bring you up to date to share with you, because this is the time of uncertainty and a lot of people can be affected by fear and you know, make the wrong decision.

So please keep that in mind and know that I'm totally committed to move forward and devote my time and energy to finish the task before us. Of course, we have multiple things going, but the biggest thing for us is still the Asia diamond exchange, which we believe will we change the fortune not of our company alone, but you know, even for the country of Vietnam and many, many people that are connected with this project throughout the world as well. Alright, thank you very much, ladies and gentlemen, and have a good evening.


Source: https://www.youtube.com/watch?v=bv_E2-ClQos

2/8/2022 - Conference Call Transcription $PHIL

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167815306

01/27/2022 - Conference Call transcript

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167724596

PHIL Conference Call Transcript - 01/20/2022 - Transcribed by msb341-Lady Di

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167623372

Pokerpro - I am glad Henry put that tweet out because he needed to. I am also glad to see Henry didn't give another timeline which he also needed to do. Henry should never give timelines ever again because he has no control over them. The best approach is to just put out 8K's and PR's when things are finalized. The only thing I want to see is a loan closing nothing else really matters at this point and Henry agrees with me:)

PHI GROUP INC
@PHIGROUP
·
13h
$PHIL I am sorry for the update delay, just waiting for some important items to finalize so we can give our shareholders up-to-date information. Thank you. GB!

Source:

$PHIL I am sorry for the update delay, just waiting for some important items to finalize so we can give our shareholders up-to-date information. Thank you. GB!

— PHILUX GLOBAL GROUP (@PHIGROUP) April 7, 2022

Yep all deals in place but no money. Next week could be a big week if all Henry has to do is setup the SPV and sign the loan closing paperwork to have the funds wired to his bank account he had to setup for the loan.

Yes it is Henry met very big people in Vietnam.

All I can say to that is lets see what this week brings.

Henry addressed Philand Ranch in a past CC.

Source: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167623372

Cu Chi invites investment in 23 projects and logistics centers

03/26/2022 1:00 PM

(Chinhphu.vn) - Cu Chi district has just introduced 23 projects with great potential and the Logistics Center project, and affirmed that it will create maximum conditions to support investors in legal procedures.



The Saigon Safari park project with a scale of more than 456 hectares in Cu Chi district is currently being interested by a number of investors.

Information from the Vietnam - International Business Connection Club said that this organization has just connected two large enterprises, Phigroup Investment Fund and Dat Xanh Real Estate Group, to explore investment promotion opportunities. in Cu Chi district.

Secretary of the Cu Chi District Party Committee Nguyen Quyet Thang and the Chairman of the Cu Chi District People's Committee Pham Thi Thanh Hien informed investors of 23 large projects that the locality has a policy of calling for investment.

Mr. Henry Fahman, Chairman of Phigroup Investment Fund, said that Cu Chi district possesses great potential to form an ecological urban area. In addition, Cu Chi has a large land fund, which is a favorable condition for the development planning of the Technology Industrial Park. The unit will study more deeply about the projects that Cu Chi district has introduced to promote investment in the near future.

Mr. Dinh Vinh Cuong, Chairman of VIENC Club, Chairman of 365Group, Chairman of Vietnam - International Business Connection Club on behalf of investors expressed his joy and thanked Cu Chi district leaders for creating the opportunity. giving investors access to important development projects of the district with the goal of developing Cu Chi into a smart city and an ideal destination to attract many domestic and foreign investors. country.

Mr. Cuong shared, if Cu Chi determines to develop high-tech industry, it should reduce the land fund for agriculture and increase land for industry. The industrial parks in Cu Chi have been invested for a long time and are not high-tech industries. "Only when investing in products and services with high intellectual content and export value will it bring economic value to Cu Chi," said Mr. Dinh Vinh Cuong.

Mr. Nguyen Quyet Thang, Secretary of the Cu Chi District Party Committee affirmed that the district will create favorable conditions to support investors in promoting legal procedures in accordance with the law.

Source:https://tphcm-chinhphu-vn.translate.goog/cu-chi-moi-goi-dau-tu-vao-23-du-an-va-trung-tam-logistics-101220326124822827.htm?_x_tr_sl=vi&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Probably not these are some great terms. Hopefully Henry will give us an update on the loan next week.

1. Financing Agreement between Haj Finance Group and PHI Group, Inc.

Effective October 17, 2021 the registrant signed a contract agreement with Haj Finance Group, a corporation registered in Oman, Hatat House Ground Floor, Ruwi, Muscat, Sultanate of Oman, for a financing program in the amount of $1,500,000,000 which carries a fixed preferred rate of annual interest for thirty-five years with a three-year grace period. The closing of this transaction is to occur after the registration of a Special Purpose Vehicle (SPV) within United Arab Emirates, the signing of the closing documents and the approval of the transfer of funds by the Central Bank of United Arab Emirates (CBUAE). The registrant intends to use the funds for the establishment of the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, for financing selective projects in the areas of real estate, renewable energy, healthcare, and for other investment opportunities in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the registrant.

Source: https://www.sec.gov/Archives/edgar/data/0000704172/000149315221026574/form8-k.htm

Facts matter, timing matters and pending deals matter. Most importantly money matters. It stayed at the low for one day twice. It all matters.

No it didn't Facts are important!

Timing is everything!

Did anyone click on the link in this PR? Wow this is huge news there are bigtime players involved in these deals. The Dubai Partner probably read this article and called Henry and said lets make this loan happen. IMO

New York, March 25, 2022 (GLOBE NEWSWIRE) -- PHI Group, Inc. (www.phiglobal.com, PHIL), a diversified holding company currently engaged in PHILUX Global Funds (a group of Luxembourg bank funds), the Asia Diamond Exchange project (“ADE”) in Vietnam, mergers and acquisitions and investing in special situations (www.co2-1-0.io), is pleased to announce that the Company has signed a Strategic Cooperation Agreement with Mekong Delta Group, a Vietnamese company, to cooperate with each other to jointly develop, finance, and execute large-scale projects in a number of key sectors in Vietnam.

According to the agreement, both parties have agreed to cooperate in the following areass: (1) real estate: hospitality projects, residential areas, industrial projects and industrial properties, (2) energy: solar power, wind power, biogas power, and waste-to-energy programs, (3) environment: drinking water, waste water treatment, waste management, (4) agriculture: hi-tech agriculture cultivation for domestic consumption and export, and (5) finance: threshold capital, equity and debt financing. Mekong Delta Group current multi-billion U.S. dollar undertakings in Vietnam include a 300-ha urban area in Bien Hoa City, Dong Nai Province; a 1,100-ha city development project in My Duc District, Hanoi; a 500-ha renewable energy project in Binh Phuoc Province, among others.

At the same time the Company has made good progress with respect to the Asia Diamond Exchange development project, the 2,700-ha industrial and logistics zone near the new Long Thanh International Airport, Dong Nai Province, the 2,000-ha Cai Mep Ha Port project, the 3,000-ha city development project in Long Dien District, the 90-ha resort and residence project in Ho Tram, Ba Ria Vung Tau Province and the 54,000-ha sorghum growing project for Empire Spirits, Inc. in Binh Phuoc province, Vietnam.

During our last trip to Vietnam we also had the opportunity to visit several key leaders of the central and local governments of Vietnam and study large-scale projects in Cu Chi District, Ho Chi Minh City (https://www.sggp.org.vn/cau-lac-bo-ket-noi-doanh-nhan-viet-nam-quoc-te-vienc-ket-noi-quy-dau-tu-phigroup-va-tap-doan-bds-dat-xanh-lam-viec-voi-lanh-dao-huyen-cu-chi-801806.html). Our PHILUX Global Funds and international long-term financing programs are expected to play a major role in a number of key development projects and investment opportunities in Vietnam.

On another note, both KOTA group and Five-Grain Treasure Spirits have agreed to extend the closings of these acquisitions to a later date as we continue to complete the financing for these transactions.

About PHI Group, Inc.

PHI Group (www.phiglobal.com, PHIL) primarily focuses on advancing PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” (“RAIF”) and building the Asia Diamond Exchange (“ADE”) in Vietnam. The Company also engages in mergers and acquisitions and invests in select industries and special situations (www.co2-1-0.io) that may substantially enhance shareholder value.

Safe Harbor Act and Forward-looking Statements

This news release contains “forward-looking statements” pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected,” which are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors.

Contact:

PHI Group, Inc.
Tel: +1-714-793-9227
Email: info@phiglobal.com

Vietnam - International Entrepreneurs Connection Club (VIENC) connects PHIGROUP Investment Fund and Dat Xanh Real Estate Group to work with leaders of Cu Chi district
SGGPO Thursday, March 24, 2022 14:15
On March 22, Mr. Dinh Vinh Cuong - Vietnamese in Japan, Chairman of Vietnam - International Business Connection Club (VIENC) connected two large enterprises, PHIGROUP Investment Fund and Dat Xanh Real Estate Group. to explore investment promotion opportunities in Cu Chi district.
Attending the meeting, on the side of Cu Chi district leaders, there were Mr. Nguyen Quyet Thang, Secretary of the District Party Committee and Ms. Pham Thi Thanh Hien, Chairman of the District People's Committee.
On the side of PHIGROUP Investment Fund, there were Mr. Henry Fahman, Chairman and Mr. Jack Vo Hoang, General Director of the Fund in Vietnam.
Dat Xanh Real Estate Group is represented by Mr. Le Van Hung, Deputy General Director.
VIENC Club has Mr. Dinh Vinh Cuong, Chairman of VIENC Club, Chairman of 365Group and Mr. Le Ba Linh, Chairman of Pacific Foods.


At the event, the People's Committee of Cu Chi District introduced more than 23 projects with great potential and a logistics center project in Cu Chi. Investors learn and are very interested in projects.
Sharing more about the investment plan of the business, Mr. Henry Fahman, Chairman of the Fund said: “Cu Chi district possesses great potential to form an ecological urban area. In addition, Cu Chi has a large land fund, which is a favorable condition for the development planning of a technology industrial park. We will study more deeply about the projects that Cu Chi district has introduced to promote investment in the near future.”

Mr. Dinh Vinh Cuong, Chairman of VIENC Club, Chairman of 365Group (multi-industry enterprise, focusing on logistics, import and export), shared his opinion that if Cu Chi determines to develop high-tech industry, it should be reduced. land fund for agriculture and increase land for industry. The industrial parks in Cu Chi have been invested for a long time and are not high-tech industries. An investor proposed to build a smart city of about 10 hectares in Ho Chi Minh City.



"Only when investors invest in products and services with high intellectual content and export value, will they bring economic value to Cu Chi district," said Mr. Cuong.
Besides, Dat Xanh Real Estate Group is also very interested in eco-urban projects, Mr. Le Van Hung proposed to have the next meeting, to learn about the projects.
Mr. Nguyen Quyet Thang, Secretary of Cu Chi district affirmed that Cu Chi district will create favorable conditions to support investors in supporting businesses to expedite legal procedures in accordance with the law.

Great Post Pokerpro. I agree.

This also sounds like Henry needs loan funds to make it happen.

PHI GROUP INC
@PHIGROUP
·
Mar 9
$PHIL Greetings from SGN! I just arrived in Vietnam now after very long waits but in excellent health and great spirit. A lot of meetings and procedures to complete for multiple transactions, expecting to update our shareholders with very positive results from this trip. GB!