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The $PHIL CEO expects to have to pay a lot more to buy back shares.
$PHIL Our O/S has reached 14.4B due to some recent note conversions. We have discussed with our note holders to minimize conversions and want to pay the note balances in cash ASAP. We greatly appreciate our note holder investors who have graciously worked with us thru this.
https://twitter.com/PHIGROUP
He said the following recently.
The $PHIL CEO confirmed today that there will be a filing next week like he stated in his Tweet.
$PHIL We anticipate filing the 10-K for FY ended June 30, 2019, and all 2020 reports, during the month of January.
https://twitter.com/PHIGROUP
Indeed!
Filing still on track to happen this month.
I agree with this and it makes sense and is proof that financials are close to being filed.
Lets not forget about $PHIL Healthcare division I heard it is doing very well. Phivitae Healthcare, Inc.
PHI Group Enters Strategic Agreement with Natural Well Technical Ltd
New York, May 12, 2020 (GLOBE NEWSWIRE) -- PHI Group, Inc. ( www.phiglobal.com ) (OTC Markets: PHIL), a U.S. holding company engaged in mergers and acquisitions, advisory and consulting services, Luxembourg bank funds and investments in select industries and special situations, today announced that the Company has signed a Business Cooperation Agreement with Natural Well Technical Ltd. (NWTL), a Taiwanese company, to cooperate in continued research and development as well as produce and market products in the fields of healthcare, beauty supply, agriculture and industry from breakthrough biotechnologies that have been developed and carried out by Dr. Frank Liu, Founder and Chief Technology Officer of NWTL.
In particular, NWTL and PHIL will cooperate to primarily focus on the following activities:
a) Developing and implementing a comprehensive plan to increase the production, marketing and sale of the “Super Green” High Energy Drop Drink and “Mistyrious” Fine Mist Spray products on a large scale worldwide ( http://www.supergreenbiotech.com/ ).
b) Developing and implementing a plan to increase the production, marketing and sale of “Super Cassava” ( https://drive.google.com/file/d/1UZaQ8Ii2mcipgnu1VbxumhKCWR71zxWR/view ) and “Uni-Wash” Engine Booster products ( http://www.tw-uniwash.com/ ) as well as other products related to the fields of agriculture and energy that have been studied and developed by Dr. Frank Liu;
c) Continuing to conduct research and accumulate clinical data for biotechnologies developed by Dr. Frank Liu in order to obtain U.S. FDA’s approval for cancer treatments and other healthcare products. In addition, both parties also develop, produce and market beauty supply products.
d) Designing a financial plan and providing the required funding for NWTL to execute its business plan.
Initially, Phivitae Healthcare, Inc., a subsidiary of PHI Group, Inc. established in July 2017, has developed a comprehensive plan to launch Super Green products on a large scale both in Asia and in the international markets. In addition, the Company will work closely with Dr. Frank Liu to continue conducting research and accumulate clinical data to obtain regulatory approvals for cancer treatments and other healthcare products, especially those that have been highly efficacious in trials for treatment and prevention of coronavirus and liver diseases.
According to Dr. Frank Liu, successful research and development as well as a number of product applications have been done in the following areas:
-- Agriculture: concentrating on ecology balance, especially plant wounds, and high-yield cassava in Indonesia. -- Industry : the “Uniwash Engine Booster” product has been in the market since 2009. This product has proven to reduce exhaust waste air CO,HC,NO to zero. -- Beauty and skin care products: Some authorized brands have been established in Taiwan and Vietnam markets, especially in the areas of skin wounds and medical beauty supplies. -- Cancer and tumor therapy: More than 5,000 patients recorded in People’s Republic of China, Vietnam, Taiwan, U.S.A., Canada, Austria, etc. as rejected by regular medicine treatment system have been healed and got their new life again. At this point a project is being conducted with Taiwan Taipei Medical University to focus on three new topics:
a. Prove that Super Green can help cure pulmonary fibrosis and damage caused by lung liquid in Covid-19 infection confirmed patients. b. Prove that Super Green can support those patients who face chemotherapy and radiotherapy, in that Super Green can reduce the bad factors called food-of-cancer cells that are killed from normal cells IL-6,IL-1b, and TNF-. c. Prove that Super Green can greatly help in response to inflammatory reaction, which actually is the main sign of cancer cell and tumor. Dr. Frank Liu has published a research article in Arch Med Sci 2020 about “Wound test with diabetic mouse.”
https://apnews.com/press-release/globenewswire-mobile/9dc7fcca3d7f0f63304387999368c549
Yep like a few weeks ago:)
PHI GROUP INC.
@PHIGROUP
·
Dec 22, 2020
$PHIL No R/S!
https://twitter.com/PHIGROUP
I think all the stuff you are finding is the "Extremely busy for good reasons" part:)
Exactly well said.
Looks like the $PHIL Lux Fund website was updated. Not sure what was changed but I like the last sentence here:)
PHILUX GLOBAL FUNDS will hold a number of subfund compartments over a period of time for investments in real estate, renewable energy, agriculture, healthcare and education in Vietnam. Initially, the fund intends to focus on the development of the Free-Trade Zone in the Chu Lai Open Economic Zone in Quang Nam Province, which will house the Chu Lai Multiple Commodities Center (CMCC) and the Asia Diamond Exchange (ADE), the first-ever rough diamond exchange to be established in the Asian Hemisphere comparable to the Antwerp (Belgium) and Dubai (UAE) exchanges. We will continue to organize additional compartments for other industries and investment portfolios in the near future.
http://www.philux.eu/about-us/
Nothing said here matters the real buyers are where Henry Tweets:)
Ok Thanks it appeared like a 6 percent discount earlier but not sure what the average price that was used for the discount.
At this point I am not going to speculate about anything concerning the note conversions. Usually note conversion stock prices are based on the last 5 to 10 average stock closing price and then the discount is applied which will be higher than .0001. I will wait for the filings to confirm what the conversion stock price was. Unless you can see the conversion price in the tape.
The Noteholders didn't convert that many shares this week which is expected since the stock price is higher so there will be less shares on conversion. Looks like 100 million shares got converted no big deal and was easy to be absorbed with all the volume. Also if you look at the Market Cap of many OTC stocks that use to be in PHIL's range they are a whole lot higher than a 4 thousand Market Cap which means PHIL has room to grow. IMO
PHI GROUP INC.
@PHIGROUP
·
Dec 28, 2020
$PHIL Our O/S has reached 14.4B due to some recent note conversions. We have discussed with our note holders to minimize conversions and want to pay the note balances in cash ASAP. We greatly appreciate our note holder investors who have graciously worked with us thru this.
https://twitter.com/PHIGROUP
https://www.otcmarkets.com/stock/PHIL/security
This is the first company in the Infrastructure fund.
Tecco Group teams up with PHILUX Global Funds to launch infrastructure fund for Vietnam
18:06 | 11/08/2020 Share Print Email
PHI Group, Inc. (PHIL), announced today that Vietnam-based Tecco Group 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.
tecco group teams up with philux global funds to launch infrastructure fund for vietnam
Tecco Group ties up with PHILUX Global Funds to launch Luxembourg-based infrastructure fund for Vietnam
PHILUX Global Funds SCA, SICAV-RAIF is a Luxembourg-based bank fund with multiple sub-fund compartments for investment in real estate, infrastructure, renewable energy, and healthcare, as well as the proposed Chu Lai Multiple Commodities Center (CMCC) and the Asia Diamond Exchange (ADE) in Chu Lai Open Economic Zone in Quang Nam province. This will be the first rough diamond exchange in Asia, comparable with diamond exchanges in Antwerp and Dubai.
Besides supporting transport infrastructure, Tecco Group expects to utilise the Luxembourg infrastructure fund for a number of port, industrial zone cluster, and airport projects together with modern technologies.
Huyen Duc Vu, vice chairman of Tecco Group, commented, “This is the first time Vietnam has the opportunity to access international capital for infrastructure development through a Luxembourg-based bank fund, which helps respond to the overall social development demand and at the same time elevate the competitiveness of the economy. Representing Tecco Group, I am extremely pleased to cooperate with PHILUX Infrastructure Fund to capitalise on the huge potential of the infrastructure construction market in Vietnam.”
He added that, "The negative impact from the coronavirus pandemic has heightened pressure on the Vietnamese government in its efforts to maintain a positive growth economy, especially in the backdrop of decreasing ODA financings, failure or negative consequences of build-transfer (BT), build-operate-transfer (BOT), and public-private partnership (PPP) models, and bottlenecks in public finance funding. Therefore, I strongly believe that the launching of an infrastructure fund for Vietnam at this time is very appropriate. I am confident that the cooperation between PHILUX and TECCO will be a positive beacon for infrastructure investment projects in the near future.”
Henry Fahman, chairman of PHILUX Global Funds SCA, SICAV-RAIF stated, “We are delighted to cooperate with Tecco Group in launching the first-ever Luxembourg-based PHILUX Infrastructure Fund for Vietnam. We look forward to utilising our combined experience and international networks to serve the needs of infrastructure development in Vietnam as well as create meaningful economic value for both companies, our shareholders, and other stakeholders.”
https://www.vir.com.vn/tecco-group-teams-up-with-philux-global-funds-to-launch-infrastructure-fund-for-vietnam-78487.html
Here is information about the Infrastructure fund.
Xuan Quynh LLC and PHI Group set up the Vietnam and Laos Infrastructure Development Fund
December 7, 2020
PHI Group recently announced that Xuan Quynh Limited Liability Company, an infrastructure construction and development company in Vietnam, has signed an agreement with PHI Luxembourg Development SA, parent company of PHILUX Global Funds SCA. to join the “PHILUX Infrastructure Fund” as a new partner in the first Luxembourg-based infrastructure fund initiated to invest in Vietnam and Laos.
As one of the fastest growing economies in Asia, Vietnam is attracting a lot of attention from foreign investors, especially in infrastructure construction. According to Global Infrastructure Outlook, Vietnam needs to invest about $ 605 billion to meet 83% of the infrastructure construction target by 2040. Top priority areas include urban transport infrastructure, Road, railway and harbor.
Currently, only about 20% of the national highways are paved. The recently approved North-South high-speed railway construction plan will cost about $ 26 billion.
The rapid population growth in recent years has increased the requirements for infrastructure upgrades. In addition, the high concentration of population in major cities such as Hanoi and Ho Chi Minh City has caused governments at all levels to urgently build transport systems with a value of about 22 billion USD in order to reduce the proportion of departments. Personalize your vehicle and improve air quality.
Many expressway projects are planned and underway to improve travel in major cities. Similarly, development and upgrading of urban utility infrastructure has been announced, of which 44 PPP projects are planned with a total investment value of up to 120 billion USD in the road and electricity sectors.
In addition to supporting the development of infrastructure for industrial zones, transportation, urban areas, seaports and airports in Vietnam, Xuan Quynh LLC intends to use the Luxembourg infrastructure fund for some projects in Laos.
Laos is one of the fastest growing economies in Southeast Asia with the average GDP growth rate over the past 20 years surpassing 7% annually. However, rudimentary infrastructure is considered a major limitation to socio-economic development in Laos. While there is rapid economic growth coupled with an increase in the demand for energy, the power grid system in Laos remains sufficiently supplied. In addition, telecommunications is another issue that needs to be addressed.
However, the most important problem in Laos is the road traffic system. This Southeast Asian country is a completely landlocked country, and road traffic is the only means of improving socio-economic development. Even so, road infrastructure in Laos is still limited and according to the World Bank, only about 56% of the rural population in Laos has regular road access. Therefore, improving road transport infrastructure will be the top priority of the Lao government in the near future. If this is possible, Laos can become a bridge between the regional economies.
PHILUX Global Funds SCA is a Luxembourg-based banking fund with a variety of small funds that invest in real estate, infrastructure, renewable energy and healthcare. In addition, PHILUX will also open an Asian Diamond Exchange (ADE) in Chu Lai Economic Zone, Quang Nam. This will be the first rough diamond exchange in Southeast Asia.
Mr. Nguyen Canh Doat, Director of Xuan Quynh Company Limited commented: “We are delighted to be partnering with PHILUX Infrastructure Fund to meet the growing infrastructure development needs in Vietnam and Laos. We believe we will be able to achieve important goals through this partnership ”.
Meanwhile, Henry Fahman, President of PHILUX Global Funds SCA said: “We are delighted to be working with Xuan Quynh Company Limited to launch the PHILUX Infrastructure Fund for Vietnam and Laos. By leveraging our combined experience and network, we will be well-positioned to serve the needs of infrastructure development in Vietnam and Laos and generate significant benefits for both the company and its shareholders. and all other stakeholders ”.
https://translate.google.com/translate?hl=en&sl=vi&u=https://vnindex.org/xuan-quynh-llc-va-phi-group-lap-quy-phat-trien-co-so-ha-tang-viet-nam-va-lao-a202085889.html&prev=search&pto=aue
I agree. Hopefully the first 10-K filing will be out next week.
Explain this Henry is saying $PHIL will be current Jan 2021. He did use anticipate so not definite.
PHI GROUP INC.
@PHIGROUP
·
Dec 28
$PHIL We anticipate filing the 10-K for FY ended June 30, 2019, and all 2020 reports, during the month of January.
Also Henry never said when the Luxembourg report request was sent could be two weeks ago for all we know the only thing Henry confirmed was $PHIL will be current JAN 2021 you can fill in the blanks to make that work:)
PHI GROUP INC.
@PHIGROUP
·
Dec 28
$PHIL Our auditor is currently waiting for a confirmation report from Banque Internationale a Luxembourg to complete the audit for us to submit the filings with the SEC.
https://twitter.com/PHIGROUP
Big move on $PHIL today without any of the major catalysts being announced yet.
$PHIL Tweet!
PHI GROUP INC.
@PHIGROUP
·
4m
$PHIL We will file an 8-K with the SEC at 11:30 EST today December 29, 2020 to extend the share buyback period and the new Record Date for the special dividend distribution of American Pacific Resources, Inc. common stock to June 30, 2021. Kindest regards and God bless!
https://twitter.com/PHIGROUP
I agree it has been a long time coming hopefully $PHIL can get current next month as the tweet says that will help bring more buying since more brokers will allow buys.
Hi ProfitChaser FWIW - $PHIL CEO put out the following tweets today and recently.
$PHIL We anticipate filing the 10-K for FY ended June 30, 2019, and all 2020 reports, during the month of January.
PHI GROUP INC.
@PHIGROUP
·
11h
$PHIL Our O/S has reached 14.4B due to some recent note conversions. We have discussed with our note holders to minimize conversions and want to pay the note balances in cash ASAP. We greatly appreciate our note holder investors who have graciously worked with us thru this.
PHI GROUP INC.
@PHIGROUP
·
12h
$PHIL Our auditor is currently waiting for a confirmation report from Banque Internationale a Luxembourg to complete the audit for us to submit the filings with the SEC.
PHI GROUP INC.
@PHIGROUP
·
12h
$PHIL We will file an 8-K to extend the Record Date for the APR special dividend distribution and the share buyback period.
PHI GROUP INC.
@PHIGROUP
·
Dec 22
$PHIL No R/S!
https://twitter.com/PHIGROUP
I like the strong $PHIL close today:)
Chartmaster great call I had to say it! :)
$PHIL is waking up good to see it is about time:)
Looks like the OTC wave finally found $PHIL
Yep I am not shocked at all:)
$PHIL will be current in January 2021.
PHI GROUP INC.
@PHIGROUP
$PHIL We anticipate filing the 10-K for FY ended June 30, 2019, and all 2020 reports, during the month of January.
https://twitter.com/PHIGROUP
Congrats you have a good imagination LOL.
These tweets seem to indicate there aren't anymore issues with Vinafilms.
PHI GROUP INC.
@PHIGROUP
·
12m
$PHIL We will file an 8-K to extend the Record Date for the APR special dividend distribution and the share buyback period.
PHI GROUP INC.
@PHIGROUP
·
8m
$PHIL Our auditor is currently waiting for a confirmation report from Banque Internationale a Luxembourg to complete the audit for us to submit the filings with the SEC.
https://twitter.com/PHIGROUP
Chartmaster to take it one step further which is amazing to me is that the Pink Sheet money flow is higher than all other OTC Markets put together. Also notice the big difference in share volume. Check it out.
Total Money flow in all Markets (OTCQX, OTCQB, Pink and Grey)
Total Money flow in just the Pink Sheet Market.
https://www.otcmarkets.com/market-activity/current-market/ALL
Sure Chartmaster. If you look at the money flow in all OTC Markets the Pink sheets have the highest money flow.
https://www.otcmarkets.com/market-activity/current-market/PS
I definitely agree with this since I have seen it first hand:) I have been trading OTC stocks for a very long time and I have never seen so much volume on .0001 OTC tickets billions of shares of volume.
This is going to be a fun board next week. Hoping Henry drops the first 10-K late filing next week:)
This is the most important tweet of them all:) They are committed to buying back 13 billion shares lets see if that buyback number increases when they file the stock buyback extension this week.
PHI GROUP INC.
@PHIGROUP
·
Dec 22
$PHIL No R/S!
https://mobile.twitter.com/PHIGROUP
I took part recently in .0001 stock MANIA recently to so I know what you mean:) This stock definitely needs new blood for sure. Honestly though out of all the .0001 stocks on the OTC this one is best of breed IMO.
I actually agree with you PHIL should have run already based on all the other .0001 stocks that have recently ran. In the OTC filings usually mean nothing because the OTC is run by trading groups but in this stocks case they do. Now if the first late 10-K filing drops here (could be as soon as next week) I would think there should be a lot of interest because after the first 10-K drops all the other 10-Q's after it will drop pretty quickly. Then we will probably have to wait a little bit for the next 10-K after that. If the PHIL CEO decides to file without including the Vinafilms acquisition he could file all audited financials tomorrow IMO. Since so many are giving their opinions about this stock I will to.
1. Many expect PHIL to move to the expert market IMO that will never happen because the CEO doesn't want that to happen so he will prevent it by filing all audited financials excluding the Vinafilms acquisition. IMO he has all the audited financials ready to be filed without Vinafilms if he has to file them in order to avoid the Expert Market. Vinafilms is a Vietnamese company that probably didn't even keep financial records.
2. The PHIL CEO has been in Vietnam closing deals for months. The announced deals are nothing compared to some of the rumored deals being closed.
3. The PHIL CEO will do a buyback most likely after PHIL gets current next year. He will file an extension for the stock Buyback and stock dividend next week.
4. There is note holder dilution currently happening at a 6 percent discount to the .0001 stock price or at .000095 which isn't that bad in OTC land. The CEO was planning on paying off those balances but it seems he has decided to use that money for more important tasks. Look at the stock sales to see the dilution below the bid price. https://ih.advfn.com/stock-market/USOTC/phi-pk-PHIL/trades Also PHIL is transparent and you can see the weekly dilution updated on OTC Markets https://www.otcmarkets.com/stock/PHIL/security
5. Here is IR the company did last year that will get you up to speed on the deals they have been working on. https://drive.google.com/file/d/1CJn2mT7xryfIinchESQuq1VONgjNo2iJ/view