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If you are correct and he knew GAAP audit would be necessary, then I have to assume the audit is already GAAP compliant and complete, and he's waiting until the last possible minute for some other reason ;)
Yes, I see 2020 articles but nothing that seems relevant to us. What are you looking into.
This? What are you looking for? https://www.mard.gov.vn/en/Pages/default.aspx
If it's not incompetence, what could be the logical reasons for the delay?
OK right. I was counting fund related deals, not the fund itself. Thanks for clarifying your count.
HQC, Tecco, and ADE. What's the other one?
Vinafilms, of course not related to fund.
I don't think deals are falling through. Call it a hunch.
Pretty quiet. What's up today?
I'm with mini. Let's get this week started already ;)
...is Henry positioned well?
"Vietnam, for example, was the fastest growing ASEAN economy prior to COVID-19. It has low labor costs and has been investing heavily in economic infrastructure such as highways, ports, and electrical supply." https://thediplomat.com/2020/08/us-investment-in-southeast-asia-and-decoupling-from-china/
Glad to hear you're good.
Seems like there should be some benefit to PHIL, given the infrastructure fund. Guess we'll find out soon enough...
How are the storms? Are you ok?
Puzzle pieces fitting together...
I was expecting particular news this week, very surprised by the silence, but agreed could be good and I've misjudged.
Is 9/1 really a hard deadline for you? ...then next week will have to be our time finally ;) Should be fun.
Can you say? What info do you have?
Interesting. Was it the news you wanted to hear?
Did you get the news you were hoping for?
If there was a public list of RAIF funds that PHIL's not on,
DJK would have found it already, LOL... ;)
"...Vietnam-based Tecco Group (https://teccogroup.vn/) has signed an agreement with PHI Luxembourg Development SA, a subsidiary of PHI Group, to launch “PHILUX Infrastructure Fund,” the first-ever Luxembourg-based infrastructure fund for Vietnam."
https://finance.yahoo.com/news/vietnamese-tecco-group-joins-philux-180000647.html
The RAIF is not required to list on the LSE. As far as I can tell Fundsquare listings are funds listed on the LSE for investment opportunity.
2. LISTING
A RAIF may apply for listing of its shares on the Luxembourg Stock Exchange ("LSE") provided that it complies with the requirements of the LSE and in particular with the requirement that the shares are freely negotiable.
Assurance would be needed, however, that trading on the exchange does not permit non-eligible investors to become shareholders of a RAIF.
There is no prohibition in Luxembourg against a RAIF seeking a listing on any other stock exchange.
https://www.mondaq.com/financial-services/890022/the-raif-regime--update-january-2020
RAIFs are entered in a list held by the Luxembourg Trade and Companies Register. https://www.alfi.lu/en-GB/Pages/Setting-up-in-Luxembourg/Alternative-investment-funds-legal-vehicles/RAIF-(Luxembourg-Reserved-Alternative-Investment-F
Is the fund list held by the Register public information? I haven't found access to it yet...
I haven't seen the list, is it public information?
Very interesting. I hope you will share your findings ;)
When do you expect verified confirmation of this?
Something new that hasn't been on the board?
That's probably already done too... IMO only.
Assuming he's ok. He should at least let someone know he's ok and still working.
What's Henry up to? Is he really not talking to anybody?
Great find. Probably something they will comply with now that they've been so reminded. (?)
The Tacoma site was 2017, so they've even been doing business in the US after the so-called 2015 fluctuation.
Although curious what it might be.
No one privy to info they can share re: what's going on?
Have to admit I didn't expect it to be quiet right now.
Monday's just about over in VN, did Henry get his meeting?
It's Monday morning in Vietnam.
What do you know?
I don't think this drags on much longer without substantive developments.
IMO certain things had to fall into place before filings for all to work out. Pure speculation and deductive reasoning, I'm not in touch with Henry like some.
That is as long as Henry is legit and I'm not being completely fooled...
Are all of those things now in place? That's the question.
All circumstantial of course.
Leading to another assumption I wouldn't advertise publicly though would be in our favor if true. Someone touched on it earlier on the board.
I think certain actions or inactions will be forgiven if this turns out well and pps rises.
Yes, still a mystery though, and can still only speculate...
I would pm but only have the free account.
$PHIL
Yes.
I have to assume financials are done but not reported, waiting for GAAP seal of approval for vinafilms, which once posted will benefit the company & shareholders. How much yet to be seen...
But...
Philux Global Funds is real.
PHI Luxembourg Development SA is real.
All IMO.
What are you guys talking about. I can't find anything useful.
Quiet today.
Calm before the storm?