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CC incoming...
$PHIL We will be sending a Zoom link for a conference call to discuss the recent press release and 8-K filings with our shareholders later today instead of waiting until the closing of an investment management/financing package. God bless!
— PHI GROUP INC (@PHIGROUP) March 28, 2023
Well this is new... what's this about?
https://opencorporates.com/companies/us_wy/2023-001223973
$PHIL Still on the website- "Philux Global Group will be in charge of capital and finance for Tin Thanh Group to implement the projects."
https://tinthanhgroup.vn/en/package-truck-tire-rental-service/
New PR Saigon Silicon City
$PHIL https://t.co/RIqefzbKen. God Bless!
— PHI GROUP INC (@PHIGROUP) February 27, 2023
You're not alone, lol...
$PHIL We are sorry that it has taken longer to close the $250M investment package than previously anticipated, but God willing it should materialize in the coming days. We will be able to close the KOTA and Tin Thanh transactions with cash then. We'll keep you posted soon. GB!
$PHIL We are sorry that it has taken longer to close the $250M investment package than previously anticipated, but God willing it should materialize in the coming days. We will be able to close the KOTA and Tin Thanh transactions with cash then. We'll keep you posted soon. GB!
— PHI GROUP INC (@PHIGROUP) February 6, 2023
Henry released an 8k while still in EM, I assume he would do the same if successful with the 250M funding (?)
Lol...newbie.
Not Today.
$PHIL The correct deadline for filing is January 16, and we will file by that date. God Bless!
— PHI GROUP INC (@PHIGROUP) January 11, 2023
Definitely need that first domino secured.
This tweet is much more confident and specific than usual...
$PHIL The TTG deal is covered under a different financing arrangement than the one filed yesterday, and TTG closing is on schedule as of today. God Bless!
$PHIL The TTG deal is covered under a different financing arrangement than the one filed yesterday, and TTG closing is on schedule as of today. God Bless!
— PHI GROUP INC (@PHIGROUP) January 6, 2023
Unless TTG is pushed back to come out of this 1B. Very much looking forward to a filing documenting funding in hand/secured, and not just agreed to.
Has anyone here even heard from Henry since before Christmas? Like is he ok?
Maybe after hours
Where was this posted
"We will have update on this in the next few days. God Bless!" sounds too specific -unlike our usual "Next Week"... looking forward to real news "in the next few days" :)
You seem pretty confident he IS getting the money, only question is when.
Thoughts? There must be a strategic reason for late filing status, it seems like it has to be intentional. What reason could that be?
That or TTG is in difficult Financial circumstances, although I hadn't seen any evidence of that yet.
Also this would be a way for TTG to go public in the US would it not?
Evidently no need for a TTG audit like VF. Audit is a bad word these days ;)
Sorry. Previous post was not complete. Meant to say this-
Note- the following 2 items in bold will happen only if we haven't paid for the shares by the deadline and the financing package hasn't "materialized as planned"...
so it seems the the $10m via shares is going to happen as part of the new amended agreement & not dependent on the financing or lack thereof.
1.3 After the expiration of extension of the Contract term as prescribed in this Agreement, if PGG has not yet paid the total purchase price to buy shares of TTG and PGG’s investment package has not yet materialized as planned, the parties will perform the swap transaction as follows:
- Majority Shareholder of TTG shall transfer 51% share of TTG to the Company to be assigned by PGG.
- Philux Global Group Inc. (stock symbol: PHIL) shall transfer shares of Philux Global Group Inc. to Mr. Tran Dinh Quyen in order for Mr. Tran Dinh Quyen to own the number of shares equal to Mr. Henry Fahman’s shares and voting rights in Philux Global Group Inc. Mr. Tran Dinh Quyen shall be the Co-Chairman of Philux Global Group Inc.
1.4 PGG commits that PGG shall arrange a sum of money via PHIL’s shares up to US$ 10 million to serve TTG projects that are being implemented in the United States before December 15, 2022.
Note- the following 2 items in bold will happen only if we haven't paid for the shares by the deadline and the financing package hasn't "materialized as planned"...
1.3 After the expiration of extension of the Contract term as prescribed in this Agreement, if PGG has not yet paid the total purchase price to buy shares of TTG and PGG’s investment package has not yet materialized as planned, the parties will perform the swap transaction as follows:
1.4 PGG commits that PGG shall arrange a sum of money via PHIL’s shares up to US$ 10 million to serve TTG projects that are being implemented in the United States before December 15, 2022
...and that's an understatement lol
Do we have good news coming out of Vietnam 52172?
Nobody's going to care what happened last year if you're right about tomorrow ;)
Let's hope run up to after hours news...
Anyone at the summit looking for a meeting to invest in Vietnam would see this.
Fund Manager Profile Selection for one-to-one meetings
https://mecollabevents.com/fund-manager-profile-selection/#
Philux Global Funds
"Current Fund Strategy: Initial Target Raise of USD $1 Billion. (Currently there is a $500M commitment from a group of European and Asian investors plus other equity
and debt financing sources consisting of $3.350 Billion that have agreed to invest alongside Philux Global Select Growth Fund in these select opportunities)."
Well said ;)
Doesn't seem to me Henry would be publicly advertising this in an Abu Dhabi summit if not true.
Fund Manager Profile Selection for one-to-one meetings
https://mecollabevents.com/fund-manager-profile-selection/#
Philux Global Funds
"Current Fund Strategy: Initial Target Raise of USD $1 Billion. (Currently there is a $500M commitment from a group of European and Asian investors plus other equity
and debt financing sources consisting of $3.350 Billion that have agreed to invest alongside Philux Global Select Growth Fund in these select opportunities)."
Please do not tell me these 2 were the "Bridge financing" for Kota. (Out of NY?) I don't remember the dates...
3. Alternative Options: The parties herein agree to study various alternative options for potential future cooperation, including restructuring or outright purchase in entirety of VNF, as the case may be, following the Termination of said Business Cooperation Agreement
https://fintel.io/doc/sec-phi-group-inc-704172-8k-2022-october-21-19286-4723
Sounds like that can only be good.
Cojoboy holding down the fort lol
A loan closing 8k next would be some good news. There is still no direct evidence of $$ although can be surmised. After this long am looking forward to something concrete.
It would be great to find out we've had vinafilms revenue this whole time. If that's even possible ;)