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Here is what I texted him.
Dear Mr. Fahman:
I am a Phi Group INC. shareholder. I know you get a ton of texts, emails, etc... every hour wanting to know the status of multiple tasks being undertaken. Therefore, I understand if you do not reply. I know this company is more important to you than any of us as it is your life. I am just going to ask a few questions. 1) (and this is not insider information as stating that you are hoping to meet a goal does not state that you have met it) Is the company still trying to meet the requirements to be considered for the new diamond index on the Ho Chi Minh exchange? If so, is Dec 31st the actual review date and where our company would have to be trading on the HoSE for 20 consecutive days prior to the review? 2) Is the fund activation really reliant on a partner that has not come through? How could a partner be tying up a RAIF fund that PHI controls? Last, is there any chance that we will get a press release/conference call by the end of next week regardless of the status of where the company is. We can accept setbacks. That is part of investing. However, not being honest and forthright about those setbacks publicly can sink a company. Thanks for reading and any response you provide! GOOD LUCK! Go PHIL!
I texted him with some questions a few minutes ago, but no response yet. Well, the fund activation would be big, but the 13th is too late to have any shot at the diamond index in December. Let’s just hope the fund will be activated so something will be accomplished.
So, we control a fund that has been verified to have over 600 million dollars in it yet we are reliant on a partner who is not coming through. What does that have to do with the price of tea in China if we have control of the RAIF fund?
Facts, I agree as bad as it hurts my hopes. We are at the point that proof is at a premium. I don’t care ????? f you block out the number of your source. I don’t need to know that, but if you put it out there, block out the number and post. Stating that you have been contacted by Henry in the last day is great, but why would he contact you before his other 32 billion shareholders?
Has anyone verified the 600 million dollar amount in the fund? I know back in October a poster paid to see the fund amounts and said it was an insane amount of money but would not disclose the actual amount he paid 70 bucks to see.
I can see some reluctance to buy at a slightly higher price based on Henry’s prior track record. However, I agree that something is not adding up. If the bid is 1.1 billion, that should signal a large desire to get in. Upon seeing only 4 to 5 hundred million on the ask at 0.0002 and practically none at 0.0003, multiple individuals should be willing to pay up to make sure they didn’t have to pay an even higher price later on. Especially if the huge desire to get in is based on a positive outlook on where the company is going.
Facts, any idea if the site I posted is still monitored? Just curious if anyone has tried the contact page and if it is a waste of time. Thanks!
I sent an email to the contact email at this site http://www.philux.eu/contact/. If a response comes, I will post, but I am not betting on it. If anyone speaks French, German, or Luxembourgish, feel free to call the listed phone number and let us know what you find out. Thanks!
Does anyone have a sense of how much/what information is still being reviewed in order for the fund to be activated? I understand that such ventures are complicated, but I assumed everything was lined up or Henry would not have flown to Luxembourg. Was something unsuspected sprung on him while he was there? Thanks!
Anyone have the current bid and ask info? Thanks!
That is my best interpretation as well. I am just trying to ascertain the next steps. The only posts I saw from Henry mentioning the buyback mentioned “we are going to have to buyback a lot of shares”, and”we can buyback shares while not being current”. Contrary to that, Mini and others posted multiple replies stating the diamond exchange was the next focus after the fund activation. I promise that I am not trying to kick a dead horse, but I wonder if anyone has some solid insights, due dates, etc... on what he stated was the next step/priority. Thanks!
I am not disputing the fact that the fund is the number one priority, but there were numerous responses from Henry stating that the fund and diamond exchange were all he was concentrating on even before there was any current mention of updating filings and initiating any buyback.
Tradewind, in your opinion, what are you thoughts on my previous post regarding the diamond exchange/index, timeframe, required due dates, etc... Thanks!
Yes, thanks for the update Facts. I assume that the answer given “it should be done by then” is referring to the filing, and there was not an answer on the timeframe for the fund activation. I am just trying to wrap my head around the connection between the fund activation and the timeframe to be eligible for the new diamond index. The creation of the diamond exchange and getting on the index may be separate tasks where making the initial index review is not the target. He may be shooting for the second review in March due to the required 20 days of trading on the HoSE. I just assumed the rush was to be involved with the December review. If anyone has any insight regarding this, please let me know. Thanks!
Anybody have any thoughts on the acquisition/transition to a wholesale hemp exchange?
BTW, I am not trying to be a basher. I have actually got a couple more people to invest considering the upside NOW/ as opposed to prior. I am just looking for honest discussion. I don’t get paid to promote or bash any stock, or I would have been on here a whole lot more. I got in at a good low price and hope for the best. I am just asking for a honest non-basher/promoter, intelligent perspective. I appreciate the news from Henry that everyone gets. The activity on this board makes it worth visiting daily. Thanks for any insight, info, or comments that are posted concerning my last post.
Okay, just putting this out there, but where are Henry’s right hand people? Is he going this on his own? American Pacific Plastics will be updated with new management tomorrow. Where was this new management team during the Vinafilms audit? Then, Henry could have been working solely on the RAIF fund, diamond exchange/index, etc... The ability to delegate effectively is one of the important keys to being a great leader. At this point, I am starting to have a different perspective than some. Based on every post for the last few months, Henry is either actually working his butt off, needs this for his family, and is just overwhelmed, or he is a straight up con artist who honestly (being already in Vietnam and all) would probably already took his fortune and bailed. I choose to believe the former or now. You will always be late completing tasks if you are trying to do the job of five or ten people. Where is everyone else in the company, or is there anyone else? It is time to start trusting a team and delegating authority appropriately. GO $PHIL!
I see 40,000 sold at 0.0001.
I have seen a few post stating that news on the activation of the fund will come in the first week of December. All copies of actual texts that I have seen say early December. Therefore, meaning December 15 or earlier. Does anyone have actual documentation that the first week of December is the verified week that news is coming?
I will preface this by saying that I am not 100% sure the game plan for the diamond exchange that Henry has stated to others is the priority after the fund. However, if it involves getting in the new diamond index, the announcement better be that the fund has been activated, our market cap will reach 215.5 million immediately, and we are now trading on HoSE to get in the required 20 days of trading to be considered. The review period for those who will be selected is sometime in December.
Let’s say either through the fund and/or buyback the market cap hits the 215.5 million required mark. Does anybody have any insights into how we get on the HoSE to be traded continuously for 20 days prior to the review date in December?
Thanks 51272, if it will take a week to update the forms, it will be interesting how long it will take for them to receive final review?
I don’t suppose anyone knows how much paperwork is left to submit and/or how long a “final” review may take in order to announce an activation date for the fund?
How many on the ask at 0.0002?
Does anyone have any information to verify if the diamond index listed in this article https://www.google.com/amp/s/en.vietnamplus.vn/hose-develops-new-index-for-foreignownershiplimited-firms/159995.amp is what we are trying to accomplish, or is this non-related. If this is what the rush is about, 1) when is the review date in December, 2) how do we get on the required exchange for 20 days prior, and 3) a 215.5 million dollar market cap or over would be outstanding!
Does anyone know the scheduled review date in December for the companies applying for the new diamond index?
Is this the timeline that everyone else sees (hopefully) playing out. 1) activate the fund ASAP, 2) File 10k showing the required 215.5 million market value, 3) get listed on the Hanoi exchange for the required 20 days to be considered for the new diamond index, 4) get on the index, 5) consider buyback, 6) consider stock dividend. I know the last two would be great sooner, but this seems to be the game plan for now. IMO
Thanks ka Ching! The law firm makes sense. I am not sure how much they could legally divulge, but it may be worth a shot. I saw the individual’s post a few weeks back where the individual paid to see the fund and verified 100s of millions of Euros. Thanks again!
Does anyone know where to find some additional specifics on the fund? For example, who is the statutory auditor over the fund. Yes, I have read all I can find on it, and I am not asking someone to do the research for me. Just point me in the right direction if there is additional info out there I have missed. Thanks!
Let’s say that Henry is in Luxembourg. Is anyone aware of the steps still left to activate the RAIF fund? Is it a matter of merely going through the motions, or is it a long process? Also, who is the mandatory statutory auditor for the fund? I have read about the fund, but I am not clear on these points or have not come upon them yet. Thanks in advance for any available information.
Is Henry working to get this “diamond exchange” on the HoSE’s new diamond index? If so, does the market cap value requirement have to be reflected in an official filing? If so, that could be the cause for the delay since the index’s initial review is sometime in December, and any company selected has to trade on HoSE for 20 days prior to the review date. If he filed and then amended, he would probably miss the opportunity window. I definitely want him just to file, but just trying to find some rhyme or reason for him not filing as of yet.
I agree that filing should be the number one priority. I am sure that this has probably been debated before. Therefore, I apologize up front if this has been beat to death. However, it appears that the Hanoi Stock Exchange is set to start its new diamond index in December. It will only include 10 to 20 companies, and these companies have to have a market cap of a minimum of 215.5 million dollars. Based on a prior post stating that the individual had paid to view the fund in Luxembourg, it did exist, and it had 100s of millions of Euros in it, when tapped, this could potentially give PHIL the needed market cap. Does anyone think this explains the rush to tap the fund and finish the diamond exchange? If so, we should indeed know our fate in the next few weeks not only concerning the filings but for the companies potential to succeed at all.
Anybody know how many 1s are left out there? Thanks!
Okay, if Henry activates the fund, and it has several hundred million Euros in it like the guy who paid 69 dollars to find out, has a press release to that effect, states that the buyback will start soon (no time given), and Vinafilms audit will rap up soon (maybe, since we are dealing with an international company), what would be the projected PPS based on that info? I know guessing is junk, but just wondering everyone’s thoughts. Thanks!
Does anyone have an update of how many 1s are left out there? Thanks!
facts_matter14 do you have a problem with me sharing your conversation with Henry elsewhere? I know you posted it for the world to see here, but I don’t steal or borrow without asking first.
That would be sweet for sure. I only have 1,000,000 shares. I have thought about adding more, but it is hard with no news for so long. I guess that is what a gamble is though, a gamble. The slow loading just peaks my interest for sure.
Okay, someone is buying more shares everyday in a slow grab. Am I missing something? Don’t leave the rest of us out. Lol
So, I preface this by an honest admission that I am not too deep into this at 0.0002 and 0.0001. Therefore, I lean toward the positive side for no other reason but hope and potentially awesome DD as opposed to potentially fake information backing up the negative DD. However, I am just wondering why posting negative info in the postings due and outlining why and what is in the works is not the optimal decision as opposed to posting nothing. Would that not be the optimal decision for an aspiring company? Audit incomplete, fund not complete, or whatever stinks, but that is not as detrimental to shareholders as opposed to if they are just told nothing. “ I know deals take time but honest filings do not”. Why is providing positive or negative regular information not a positive thing in the end if you truly believe your company is going to come through strong?
If there is a CC coming Thursday, does anyone have the info. If not, is a Thursday call just speculation.