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Just wait for $PHIL to have the International Press Release and break ground on building the Asia Diamond Exchange.
Let's compare Dubai's Diamond exchange to what the Asia Diamond exchange $PHIL is buidling in Vietnam. Here is a description of the Dubai Diamond Exchange. I am pretty confident Dubai got billions of project financing to build their Diamond exchange as well. Most likely from the same Oman banks $PHIL is getting their money from. $PHIL will build a Diamond exchange like the one below and a Global Multi-Commodities Center just like Dubai did.
Dubai's diamond gateway
Certified for security, quality and responsible stewardship
Diamonds play an illustrious role in Dubai's heritage as a gateway for global trade. In the space of just 15 years, Dubai has transformed into the world’s third-largest diamond trading centre. It happened because we designed an environment that is safe, business-friendly, and that conveniently links producing and consuming markets.
DMCC’s investment in world-class infrastructure and services include the government-backed Dubai Diamond Exchange (DDE), our state-of-the-art vault and storage facilities, commitment to the Kimberley Process and the upgraded DDE tender facility in 2019.
Trade through the DDE has rapidly expanded by building on strong connections with producers in Africa, cutting centres in Asia and consumers in Europe, the United States and China. Consequently, our members and global partners can trade with complete confidence while accessing new markets.
Here is how $PHIL describes their diamond exchange. $PHIL is also getting some of their diamonds from Africa and went through the Kimberley Process just like Dubai's Diamond exchange did.
The Asia Diamond Exchange is a modern bourse to be established in affiliation with the World Federation of Diamond Bourses (WFDB). It will be the first-ever vital rough diamond exchange in Asia, comparable to the diamond exchanges in Antwerp (Belgium) (https://www.diamondbourseantwerp.com/) and Dubai (UAE) (https://www.dmcc.ae/gateway-to-trade/commodities/diamonds).
Located in a Free-Trade Zone in Vietnam near an international airport in the new Global Multi-Commodities Center (“GMCC”) similar to the Dubai Multi-Commodities Centre (https://www.dmcc.ae/), the ADE is a modern bourse to be established in affiliation with the World Federation of Diamond Bourses (WFDB) and fully compliant with the Kimberley attestation process. ADE membership will serve as a mark of distinction, opening doors and allowing access to those active in the diamond trade. The ADE ensures that its members will have the safety of only trading with reputable companies adhering to its compliance guidelines that are bound by a strict code of good business practices and ethics.
The ADE will have exceptional facilities, providing fully equipped trading halls for its members and a complete service environment for everyone in the diamond pipeline. In addition to providing a full range of services to support members in their daily transactions, the ADE will also provide a complete line of ancillary services related to the diamond industry. Members and their guests will have convenient access to networking and a Trade Lounge, boiling and polishing, secure transportation, Kimberley Process Office, insurance and financing partners, gemological services, education and more.
The ADE’s tender and auction services will play an important role in the Vietnam diamond trade, matching the right goods from seller to buyer. The ADE will have the optimal infrastructure to host diamond tenders, using state of the art facilities, equipment and personnel to ensure secure, transparent tenders for the benefit of the seller and buyer.
$PHIL has taken at least 4 years to get to this point of breaking ground on the Asia Diamond exchange in Vietnam which we will most likely hear about in an International Press Release this month or in March 2022.
Good luck all with this stock $AGYP looks like a good one.
01/27/2022 - Conference Call transcript
Transcribed by msb341-Lady Di and VRNAQLR
Ladies and Gentlemen, thank you for joining our conference call today. I notice some of you are still logging in so probably we wait for a couple more minutes and then we’ll start. Greetings from Turkey, from Istanbul. My trip was somewhat of a hectic thing but thank God I arrived safely. Initially the flights were canceled because of the blizzard, I mean snowstorm, and I had to book new flights and stopover in Frankfurt. When I got to Turkey airport there was a big snow, no gates available, so I had to wait on the runway for many, many hours. The driver came to pick me up and waited for 4 hours and couldn't find me, so he left but I got my way to the hotel. So, everything is OK I’m safe and healthy and working hard here. So, I want to give you an update today. I think we can start now.
First, again thank you all of you shareholders and maybe some potential new investors who are joining. Welcome all of you - old long-term shareholders, new shareholders, investors, and people who are newly interested in our company as well. Before we start, you know the drill, we need to go through the safe harbor statement caveat and all that stuff, because we discuss things that will pertain alot to the future and of course things that are happening now at the present but also things in the future as well.
So, you know things may not work out the way we wished or we aspire to see happen because of known and unknown factors, uncertainties, and other things that might cause the result and performance and achievement of the company and our subsidiaries to be much, much different from those implied or expressed in our forward-looking statements. Please be careful and mindful especially, I have repeated [many] times and every time, I believe, when we have a conference call I say, “don't put all your eggs in a basket, especially in a micro- or nano-cap company like PHIL.” There may be huge potential, but [there] can be a lot of risk.
So, if it's not appropriate for you, don't get involved and don't blame yourself. I hate to see you lose your money just by putting all your money into one basket and from the background of an investment advisor/broker dealer, the responsibility is always here with us. We don't want to mislead you, we don't want to tell you something “this is the only thing, the most exciting thing in the universe.” No, it is not. But we have a lot of potential. So, if you don't like the company you can sell, run away, buy something else. Don't put money into PHIL.
Please be careful. I want to say over and over and over again because some of you when things don't work out for you, you come back and say, “Henry you lie!” Things can be delayed, you know. Things [like] even the telescope, it took like 10, 15, 20, 25 years. It doesn't happen overnight, so please keep that in mind and your investment circumstances and risk tolerance may be different from others. Some of you may want to come in to be a flipper, you want to buy and sell right away. Others want to stay long term. You cannot ask me, “should I buy or should I sell.” I cannot tell the answer to that question to you individually, because each of your investment situations, circumstances, financial requirements, future planning, risk tolerance are different. With that being said, there is great potential ahead but also a lot of risk so please keep that in mind and we’ll move forward.
Let me see if I can just [manually control the slide deck]
You know the background the company, PHI group. [We] used to be Nevada corporation but now we are domiciled out in Wyoming, symbol PHIL. It's on the OTC market. We are fully reporting with the SEC. We have a lot of shares authorized, 60 billion shares. We have issued about 28.7 almost 29 billion shares with 600,000 shares of preferred stock, non-convertible. Our corporate strategy: we build and deploy valuable resources with distinctive competitive advantages.
We participate and compete in attractive businesses that have large growing market potential and we want to create long term value and provide points of asset for our investors through capital appreciation or sometimes we may sell a unit or spin off of our business units like we did in the past. Our scope right now: we have the Luxembourg Bank funds and we have been developing and building the Asia diamond exchange in Vietnam. We also have advisory and consulting services.
We involve ourselves in mergers and acquisitions - it can be as an advisor but also can be as a principle like in the case of Five Grain acquisition of the liquor beverage company in China or KOTA energy and KOTA construction, two companies that belong to the same family in the solar energy business and others. And invest in special situations like cryptocurrency and blockchain crypto technologies like CO2-1-0 Carbon Corp. Those are some of the currently active undertakings we are involved with.
Then we have a number of subsidiaries, bank funds, advisory services, diamond exchange, PHI Investment and Development company, American Pacific resources - we still have the mining claims in Oregon. We will be working fully develop those as well. A company that used to be called American Pacific plastics we have changed the name to be Vinafilms International Inc. It is the holding company for the acquisition of the Vietnam-based company, but there's a new twist to it.
We were hoping to announce that news this week but because of my travel and other things, we will do that next week instead. And the PHIVITAE Healthcare, we do have some program going on with the company in Vietnam. We do a business cooperation with them, joint venture with them to develop that part of business as well.
And then Empire Spirits, [which] used to be called Provimex. [It] used to be a subsidiary of PHIL way, way back when we did import and export between Asia and the US and then it changed the name a couple times in some effort to merge with some Vietnamese company to go public, but then things didn't work out. We still have that subsidiary. The share dividends have been distributed to shareholders way back at that time, but now with the acquisition of the Five Grain, we’ll use that entity and will file form 10 for the company to become public on its own when it's ready. We believe with the acquisition and the growth of Five Grain, this subsidiary can be very, very substantial.
And now the recent CO2-1-0 Carbon Corporation, which is involved in the carbon credit or carbon emission mitigation program headed by Mr Choky, our colleagues in Asia and Indonesia in the moment. Those are some of the most active subsidiaries of the company, others are not active quite active yet but there'll be a point in time when we'll come to it’s turn. The Luxembourg bank fund is established as a reserve alternative investment fund and it's been established.
We expect to have the first closing within this quarter going forward. So, we have more news to share on that and we have recently put together a very, very comprehensive report regarding the diamond industry and the ADE to be established in Vietnam and we will share that information at another time, not only with our shareholders but also with the international forum when we do the international press conference in Vietnam hopefully in March.
And the Philux global fund will initially focus on real estate development especially with the, what we call in Chu Lai, the Chu Lai multiple commodities center which is similar to the DMCC Dubai multiple commodity center. It has a center originally anchor like in Dubai with the diamond exchange Dubai diamond exchange and then other components follow after that something we will do in Vietnam with the, we call CMCC, the Chu Lai Multiple Commodities Center. It's very, very interesting, very exciting thing and we will share it in detail when the time comes.
But today, actually, I want to give a very quick overview so some of you are new can become familiar with what PHIL is all about. It is not just one thing, we have multiple things going on.
Today in particular we want to update on four things. Number one, the CMC Holdings PR correction. Which we put out a press release the previous day, but today we had a correction on it. The reason being in our press release we mention the potential IPO target for CMC holdings to be $50 billion by the year 2027, but that's not what the CMC Holding management put out in their discussion and presentation and also coverage on multiple news outlets.
So, what it is is Mr Tran Nam Chung, who is the CEO of CMC Holding at the co-founder event he did a very comprehensive and very thorough job presenting the business model, the ecosystem, and also cited some example of startup companies which just came into the public arena quite recently but you know now these three companies particularly VNPay and Momo and VNG all these exceeded $1 billion valuation. Mr Chung and his team believe that the business model for CMC Holding is a very, very robust and it covers a very well organized coordinated system that can deliver a lot of value.
We have invited Mr Chung and his team to share with us February 10th his business model and how they think they can reach the mark of $300 billion by the year 2027. So it's not a PHIL announcement. It's not our claim, but it's CMC Holdings claim. So please keep that in mind [rather] then say, “oh Henry, yeah you're dreaming.” Yes, I like to dream that way too but we need to listen to the original speakers you know about what it is. Based on what they believe it is, it's a road map of seven investment rounds: the co-founder round, and Angel, Series A,B,C, PE, investment banker, and the IPO target of $300 billion by the year 2027. So please join us on February 10th to hear the complete story and presentation from the management of CMC Holding.
Now I want to talk about Turkey and Dubai trips. Some of you asked me “why are you going to Turkey?” “What for?” Of course for business for PHIL benefit and planning and all that stuff. We have not put out press release or any in particular. We have filed a number of 8-K’s regarding loan arrangement with different groups in the Middle East in Europe and so on. Up to now we have discussed and got indication of interest and commitment for a total of $6.2 billion altogether.
The trip to Turkey has to do with $200 million out of that total. I arrived yesterday and today was able to have several very, very productive meetings and started doing the paperwork for the SPV the special purpose vehicle for that financing. I hope to complete the rest of the paperwork and procedure tomorrow.
Then I will fly to Dubai to work with the $1.5B loan arrangement. Also paperwork to do that. But Unfortunately, the principal of the group has been sick and he’s still in Saudi Arabia at the moment. Hopefully he can come back to Dubai by next Monday.
So, I have to see how things work out; but if not, then I will have to return to do that. But the main purpose this time is for the $200 million with the SPV in Turkey and then the $1.5B. I hope to have more news to share after the trip and hopefully we can have something to celebrate.
But if it's not done yet, we have to work on it until it's done. I don't know how much of the total $6.2 billion we can get, and some of you ask, “PHI group has nothing, no assets, nothing! How come people can invest that kind of money?” Actually, what we have is quite unique, quite different. CMCC, the Asia diamond exchange. It is a huge undertaking. It would take billions of dollars, it’s not just $1billion not $2billion.
It’s a lot more than that so people know that we are embarking on something that is unique that is one of its kind. No one else is doing this project, this undertaking for Asia. We are so much blessed, so fortunate to have the support of all around, multiple countries, high level people, experts in the industry, key players, you know all kinds of stuff it's just not one single thing.
So I cannot take credit for it, I am nobody but thanks to the help and to support, the contribution of people around, I mean all around the globe that we've been able to put this together. So that's why I'm very excited about this opportunity and we believe we're able to get the kind of funding we need in order to accomplish our big goals.
I will share with you about the big goals a little bit later before we end this conversation. The Vinafilms and KOTA transaction, as mentioned, we will not be able to announce the new development for Vinafilms yet but right now I wouldn't say 100% because every time I say 100% we do something you know something is missing and we gotta do it, I hate that you know every time I announce something and it comes back to bite me and everybody “Henry, yeah you said that, you didn’t do it!” Yeah, I said well let's say 99.9% that we have Vinafilms announcement and KOTA transaction announcement next week and it will be very very very exciting and when you see it.
[Remainder is non-proofread Dictation of BHAG and Noah story with short wrap up at the end]
Fourthly I want to share with you something and from the bottom of my heart some of you may have heard the term behag behag goes you know he went way back in like the 1990s it's Jim Collins and other another professor I believe Jerry Polish yeah from Stanford came out with the book called bill to laugh and another book from a good to great and they mentioned about the big hack goes the girls that are bake Harry audacious Big hairy or they should goes it's not far it's very scary you know it's sometimes people when think about this or it's unbelievable or it's it's not doable and then it's audition.
It's bold you know courageous and we follow that kind of marvel tomorrow that kind of thinking we take and goals that are big hairy and audacious when I doing the little things went to the real real big things that we have great impact if we win we win back if we lose we buy the bullet we say well we have we we try you know we're not doing the little things so we are not a regular normal audition company and that's why I was thinking sometime it's different and sometimes our path of execution is different but we do undertake big hairy or they should goals.
And in order to accomplish those goals we have to take big hairy audacious and beneficial action plan that's my term to be the the behalf is is Jim call in the behalf is mine I said well it has to be big hairy audacious but it has to be beneficial has to be good has to be good for everybody for all shareholders for all the stakeholders it's just not fun for one group of people it's just not not for management it's for everyone so that's our plan and sometimes you know the big hairy audacious beneficial things take time to accomplish.
It cannot be done overnight and those of you who know the Bible and read the story about Noah building the ark how you know how long it took him almost probably 100 years and every day it never rains nothing you know this guy is always clear no clouds nothing no rain sign nothing if you do it people hey know you're crazy you're being in it in ark in a in a in a dry land with this kind of weather you keep doing it then But he kept doing it.
He had a go he had a plan he had a purpose and big ghost take big efforts long ago take longer time it doesn't happen overnight and what we are doing does not happen overnight ladies and gentlemen so I tell you again if this is not the investment for you please don't participate because you may become disappointed along the road you may want to see the start rise in price in a few days so you can flip and get some gain out of it there's nothing wrong with that if that's what you want to do that's fine too.
But those of you who want to get into this this kind of our company please keep that in mind so please don't free discourage even though sometimes it did get to think Adelaide and we we take the action plan that can be scary but but it's got to be courageous you know Bo we just cannot do it with the frequent heart.
You know that's why I usually tell people you know this is not not for everyone and it has to be has to be good for everybody not just one group of people not just the stakeholders not just the shareholders alone it's you know for employees for society for everybody all right and we believe the things we're doing we have major impact long term and the way I believe it you know sometimes I think you know this night about the money.
It's not about the business you know it's something bigger than that like we're trying to accomplish and I remember the story that Rick Warren mentioned about people shut out to do things sometimes you know people initially they have a dream OK and then then make a decision.
The first day is a dream second day your decision but then the third is I run into delays things do not happen right away and delays run into another day its difficulties and it's not easy and the difficulty comes from critics people say oh you cannot do it and sometimes circumstances around you maybe all you know make mixed up it's not no more you know country what you have set out to do and not the same thing and then they fakulty delays.
Worse sometimes you even run into dead ends you have seen no way out oh this is it I'm gonna die no but the good thing is you know I love this verse from the Bible and some of you you know you have not read the Bible you never know it and you know but I encourage that you read this verse from Romans chapter 8 with 28 for all things work together for good to those who love God who I called according to his purpose.
You know we live with a bigger purpose and sometimes if we have the right purpose things may get delayed we may run into difficulties we may get critics we might make it all kind of of a counter your energy counterforce that goes against us but there will be a time when we will we can delete declare the victory you know just like no all those years building.
They are you know nobody few people thought he would accomplish it and some people look at the life of Mandela I like president of South Africa for for example sometime I was thinking about his life saying all those in prison people go this is toast this way you will end up being dead in the prison or will or will not get out of this place you know but who knew at that time that he would become president of South Africa you know so the reason I'm telling you is all things because I need this pep talk for myself as well.
Sometimes I say well forget it then with all the criticisms of I just throw in the towel forget it I do something that I I love to do more than business but ladies and gentlemen I have a commitment I must finish this task in spite of all the difficulties it's by a different all the delays in spite of all the criticism in spite of all the hardship I'm committed to finishing up the job.
Not only for myself but for all of you who trust and believe in the cause of PS I we will make it we will leave the things that will make our shareholders happy and will be beneficial for our society as well I want to sum up this with Todd and that is I want to say I appreciate all of you our shareholders.
I thank you for your support and also you don't know but I also thank you for your criticism as well because by seeing what you you have to say I said well I need to do better and you know if we keep doing the same thing we cannot expect to see difficult results so we'll we'll make some very big and bold and hairy audacious but beneficial action plans in the days to come so I hope to be able to share with you some of the very boat Harry big and beneficial beneficial action items in the very very near future here and thank you you know I'm wearing this hat here.
PSI group thank you shareholder made this hat two of them are sent to me Henry this is for you this is for how simple for our company thank you so much I don't want to mention the name but you know I I want to say thank you so much a lot of you out there rooting for the company supporting company and we are in this we went together.
Again thank you very much for taking your time to have the update today the main thing I want to share today about the CMC PR correction but also give you an update on the 2:00 PM Dubai trips and what to expect with window films and Korea transaction next week and then the behalf action plans will be following to make this happen thank you so much for your time thank you so much for your loyalty for your support thank you so much even for your criticism as well I take everything with a open heart with love and appreciation thank you all May God bless all of us God bless you and God Bless America and everyone of you thank you bye bye
Source: https://www.youtube.com/watch?v=njEJa-Zhwyc
Yeah crazy horse going to Turkey in a major snow storm is what every CEO loves to do LOL.
You can't look at their filings to get the whole picture you need to look at the projects they have going on in Vietnam with the Vietnamese government and the people involved in those projects. Banks don't sign funding agreements with excellent terms to companies that don't have the resources to pay them back. Many of these loans have 2 to 3 year grace periods.
BB I know it is hard to believe but it costs billions of dollars to do the project's PHIL is taking on. Keep $PHIL on your watch list and we will talk again after the 200 million dollars goes from Turkey to PHIL's account:).
Sounds good the Turkey money is coming in soon:) Go $PHIL
The Kota closing will probably happen when Henry gets back to California from Vietnam. Go $PHIL
All I am going to say is Henry got this 200 million loan handled. Go $PHIL
With today's 8K all the 6.2 billion in loans have an 8K attached. Vinafilms and Kona updates should happen this week. Looking forward to this week's updates. Go $PHIL
You have a good weekend as well Northernwind.
The after hours trade today was at .00403 so the stock should have closed at .004 someone made a mistake with the close place:). The MM's didn't communicate that well today LOL.
Great news will fix some of the stock manipulation. Hopefully that happens next week. Go $PHIL
The tradable float is still low here that is why low volume like today causes a big move in either direction. The Buyback shares are still locked up until the end of March. Accurate DD is reading the 8K's. At the end of the day it is all about supply and demand. Henry hasn't put out enough big news to increase the demand (buyers) above the supply (amount of sellers at the current level).
Nope the 8K's say no toxic debt involved.
Henry said in the CC yesterday the ADE wouldn't have been possible if some very big people weren't involved in the process. This isn't a one man show that is pretty obvious.
True but that doesn't mean it is new dilution. These could be shares from the note Henry let half convert at .001. We don't know how fast PAUL is selling those shares. Future share structure updates should tell all. Bottom line will 200 million shares in Henry's hands increase the demand over the supply if so the stock will rise.
Yeah lets see if the share structure updates today. I see what you are saying about PAUL but it seems he maybe unloading slower than we think since he isn't always on the ask. He maybe just doing enough selling to keep the price low for whatever reason.
* Zoom Conference Call with CMC Holdings’ Management Scheduled for February 10, 2022
Corrections - Startup CMC Holdings Successfully Raised US$1.5 million in Co-founder Round to speed up developments, aiming for US$300 billion IPO target by 2027
January 27, 2022 09:30 ET | Source: PHI Group, Inc.
...
* Zoom Conference Call with CMC Holdings’ Management Scheduled for February 10, 2022
New York, Jan. 27, 2022 (GLOBE NEWSWIRE) -- PHI Group, Inc. (www.phiglobal.com, PHIL), a U.S. company currently engaged in PHILUX Global Funds (a group of Luxembourg bank funds), the Asia Diamond Exchange project (“ADE”) in Vietnam, mergers and acquisitions and investing in special situations (www.co2-1-0.io), is pleased to announce that Vietnam-based startup CMC Holdings, of which PHIL is a founding member, successfully raised US$ 1.5 million in a co-founder round in Hanoi last week and will speed up the development of a digital ecosystem across several platforms to fulfil the needs of billions of consumers throughout the world (https://vir.com.vn/cmc-holdings-secures-a-15-million-investment-90866.html).
With a roadmap of 7 investment rounds: co-founder, angel, Series A, B, C, PE, and IB, CMC Holdings has met its first milestone towards the IPO target of US$ 300 billion by 2027. Other Vietnamese startup companies that have market valuation over US$ 1 billion include VNPay (https://vnpay.vn/) , MoMo (https://momo.vn/) and VNG (https://en.wikipedia.org/wiki/VNG_Corporation)
CMC Holdings' digital ecosystem will include Hyperas Chain - a specialized platform for coding assets, Pindias - a transaction management platform for digital asset logs, Divega - an auction e-commerce platform and Rapital Bank - a digital banking service available anytime. Divega is the SIB (Social Impact Business) model. The project not only gives a place to trade genuine good, limited goods at "unbelievable" prices under the lowest auction, but the profits will be used for society's charity.
According to the plan, CMC Holdings will roll out these major initiatives in 2022 and 2023, with coding assets, auction platforms, and digital banking services.
CMC Holdings has invested a significant amount of time examining the market and long-term business models. From the beginning, CMC Holdings has focused on solving social problems and sustainable development. It attaches great importance to social values and focuses on the vital core areas of this world.
Co-founders who are also business owners and individual investors successfully raised the first round of investment. Most investors' selections are based on a thorough grasp of the digital economy's value to the market, as well as extensive proof of successful enterprises over time.
Mr. Tran Nam Chung, Chairman of CMC Holdings, believes that the expansion of the digital economy is clear when discussing the business plan. It affects retail, e-commerce, fintech, AI, VR, AR, blockchain, and more. In addition, he believes that having breakthrough ideas, as well as a self-contained and expanding ecosystem to suit the increasing needs of consumers, is a sufficient condition for these opportunities to materialize. CMC Holdings, in particular, must establish and utilize the crucial leverage: finance, branding, and technology, in order to be successful in sustainable growth.
Henry Fahman, Chairman and CEO of PHI Group, Inc., reaffirmed: “We are delighted to collaborate with and assist CMC Holdings in this ambitious program to generate potentially significant value for shareholders of both companies. While continuing to fulfill our major initiatives regarding our Luxembourg bank funds, development of the Asia Diamond Exchange, blockchain-crypto technology projects, mergers and acquisitions, etc., we also participate in unique special situations like this to create additional value for our shareholders.”
Please join us for a discussion with CMC Holdings’ Management on February 10, 2022:
Topic: CMC Holdings Management Zoom Conference
Time: Feb 10, 2022 10:00 AM Eastern Time (US and Canada)
Join Zoom Meeting
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Meeting ID: 417 780 6661
Passcode: cmcphi
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Source:https://www.globenewswire.com/news-release/2022/01/27/2374480/0/en/Corrections-Startup-CMC-Holdings-Successfully-Raised-US-1-5-million-in-Co-founder-Round-to-speed-up-developments-aiming-for-US-300-billion-IPO-target-by-2027.html
No need for specuation when facts should be revealed in today's CC. If there not then yes speculation is warranted.
PHI GROUP INC
@PHIGROUP
·
20h
$PHIL Just landed in Instanbul. Full steam ahead! Zoom call tomorrow from Turkey. GB!”
PHI GROUP INC
@PHIGROUP
·
Jan 25
$PHIL PHI Group's CEO Henry Fahman is traveling to Turkey today and then to Dubai to follow up on the long-term financing programs. God Bless!
PHI GROUP INC
@PHIGROUP
·
Jan 21
$PHIL Thank you for joining our cc yesterday. Please join us again for further positive updates Jan 27, 2022 04:30 PM EST https://us06web.zoom.us/j/4177806661
ID:417 780 6661, Passcode:phil; Tel:+1 669 900 6833;ID:417 780 6661 Passcode:729062, or
https://us06web.zoom.us/u/kY7nnVkvV. God bless!
Source: https://twitter.com/PHIGROUP
Henry is even releasing news that is unexpected. Go $PHIL
CMC Holdings has successfully raised $1.5 million in a co-founder round to develop the digital economy ecosystem.
The company has the ambition to reach the initial public offering's target of $300 billion by 2027, with a roadmap of seven funding rounds. With the fresh funds, CMC Holdings will focus on developing a digital ecosystem on multiple platforms, serving billions of users’ globally.
CMC Holdings' digital ecosystem include Hyperas Chain – a specialised platform of coding assets, Pindias – a transaction management platform of digital asset logs, Divega – an auction e-commerce platform, and Rapital Bank – a digital banking service.
According to the plan, the company will deploy these projects in 2022 and 2023.
The firm's team has spent time researching the market and sustainable business models. From the beginning, CMC Holdings has focused on solving social problems and sustainable development.
The company's Divega platform will run under the social impact business model, not only offering a place to trade genuine goods at interesting prices but also sharing the profits for charity.
The first round of funding was raised by co-founders who are business owners and individual investors.
Sharing about the business plan, Tran Nam Chun, chairman of CMC Holdings, believes that the development of the digital economy is inevitable, and will impact nearly every sector of the economy.
Chung added that the condition for the chances this offers to become reality is to have breakthrough ideas, as well as a self-contained and expanded ecosystem to meet the evolving users' needs.
CMC Holdings was inspired by connecting a community of competent entrepreneurs in new economic fields. The US' PHI Group is one of the founding partners, and Aura Capital is among the strategic shareholders of CMC
https://vir.com.vn/cmc-holdings-secures-a-15-million-investment-90866.html
Yep Kenny $PHIL is moving on up to that NASDAQ Penthouse in the sky:) Go $PHIL
There is a great chance we could get a financing program update during this week CC. Stay Tuned. Go $PHIL
Henry is probably already in the air since the tweet was put out by someone else. Henry is on the move and is in the grove ain't no stopping him now:) Go $PHIL
I have no idea why Turkey. I am sure we will find out in the CC this week. Go $PHIL
GAME ON! Go $PHIL
PHI GROUP INC
@PHIGROUP
·
1m
$PHIL PHI Group's CEO Henry Fahman is traveling to Turkey today and then to Dubai to follow up on the long-term financing programs. God Bless!
$PHIL PHI Group's CEO Henry Fahman is traveling to Turkey today and then to Dubai to follow up on the long-term financing programs. God Bless!
— PHI GROUP INC (@PHIGROUP) January 25, 2022
PHIL Conference Call Transcript - 01/20/2022 - Transcribed by msb341-Lady Di
Ladies and gentlemen,
Thank you so much for taking the time to join our shareholder/investor conference with PHI Group today. I noticed some of you came in quite early and thank you for your patience to come in early to reserve a spot and this time we have ah ah plenty of room for everybody so it’s good, nobody will be excluded from the call like sometime in the past we didn’t have enough room and some of you can’t get in and now we don’t have that kind of problem.
I know it’s been quite some time we didn’t have a conference call update/review but um now I think this is a very important juncture. We have a lot of important news that we want to share with our shareholders and also new investors as well. Before doing that I want to thank you again for taking the time to join us today.
Slide:
Part of the presentation as a routine caveat is that you know there are forward looking statement in these presentations that may contain different terms and words like uh “may, plan, well, should, anticipate, etc” that talks about things in future which are subject to uh a lot of risk and uncertainties that could cause future circumstances, events and results to differ materially from those we think will happen that were projected.
So we need to be mindful of that. And um I have repeated myself quite often, you know our stock is a microcap, nanocap stock. Very volatile. Can be very risky. So you know, Some of you say “you don’t have to say that” but I have to because it’s not appropriate, it’s not suitable for everybody and especially those of you who are older, and have accumulated your uh, your cash, your wealth over the years. You don’t want to put all of your eggs in one basket, just in case anything happens, you cannot afford uh that kind of risk and loss.
So please keep that mind. And uh,this stock is not for the feeble hearted. If you cannot uh take the risk please don’t, don’t get involved. Because if you, if you get involved and if something doesn’t work out and then you come back and blame yourself and blame the company and people, your friends and those who recommend to you and I don’t want that to happen to you. And, you can always VOTE with your feet!
If you don’t like it, uh find something else, find another company to invest into, you know because it’s only appropriate for certain people. Of course, there is a lot of potential going forward, but there’s also, also risk and uncertainties. So I want to make sure because I have that fiduciary responsibility um with our shareholders and investors in general.
Excuse me, let me, someone is trying to text me. I have to ahh…Sorry about that. A shareholder is trying to enter the room.
With that being said, um,
Slide:
I want to just go a quick overview of our company. Many of you are long term shareholders, you already know, so we don’t have to go over again. Ahh, but um, some of you are new so you know I will just go over quite quite quickly so um you have a good understanding.
You know, our company has been around since 1982. Stock symbol: PHIL. We have a lot of shares authorized. We are not going to issue any new shares yet. Uhhh, we have total 60 billion shares authorized and 28.7 Billion shares issued and outstanding, and that is of the common stock. The preferred stock we have 600,000 shares issued and outstanding. Those are not convertible to common stock. They just have voting rights but they don’t have conversion rights.
Slide:
Our corporate strategy and scope of business. Our strategy is to build and deploy valuable resources with distinctive competitive advantages. And uh, we participate and compete in businesses that have large, growing market potential and we create long term value by and provide points of exits for investors through either capital appreciation and sale and spin off of our business units.
Right now our scope of business includes Luxembourg bank funds called PHILUX global funds and a number of subfunds to invest in real estate, infrastructure, agriculture, renewable energy, healthcare, etcetera. One of the focus of investment for the Luxembourg funds and for our company is the Asia Diamond Exchange. Yeah we spend probably about 4 years working on that and because of the COVID situation there have been delays but I now expect to get the Visa to return to Vietnam in a couple weeks after the lunar new year day to continue to work on the ground there. But that’s something we will talk about at another time in more detail.
And we have the advisory and consulting services under PHILUX capital advisors. We provide merger and acquisition and consulting services to private and public companies. We took the first Vietnamese company public at NASDAQ after we were very instrumental in that capacity. And right now we have just signed an agreement with CT Farms in Vietnam to take that company public on NASDAQ. I’m so communicated with uh Mr. Robert McCooey the vice chairman of NASDAQ. We come back and meet with him again. We used to work very closely with him and his staff in the past. But now is the about time we can bring some up with him more prominent Vietnamese companies public in the US and list on NASDAQ.
Please excuse me, I need to take some water.
And then ah, you have mergers and acquisitions. We participate in M&A activities as a principal meaning we acquire companies for ourself and we also provide advisory and consulting services to clients for a fee and for equity in those transactions. That’s our model.
And then we also invest into special situations ah like the ah The ah 5 grain/empire spirits transaction is a special situation.
And, we uh also engage in crypto and blockchain technologies especially with the launching of the CO2-1-0 carbon corporation ahh, carbon mitigation token headed by Mr. Choky from Indonesia.
And then um, we also have a few more things but it’s too early so we will share with you later on that.
Slide:
And we have a number of subsidiaries. The more prominent and active right now is the PHILUX Global Funds, Luxembourg Bank Funds, Philux Capital Adivisors M&A consulting and investment advisory services, Asia Diamond Exchange which is the holding company for which the Asia Diamond Exchange is to be established in Vietnam. We will share more with you about that in the next few weeks. There have been a lot of exciting developments and it’s been getting better and better everyday for us. We are so fortunate, so much blessing. We are the ONLY COMPANY in the world that is doing this transaction. And uhh, It’s not by our own intelligence or ahh, because of that we are smart or anything. You know it’s a combination of Grace and hard work and also the goodwill of people all around the world that have come together to make this happen.
And then ah, we have American Pacific Resources that are engaged in mineral and natural resources. We still have the gold mine claims in Oregon and we haven’t been able to develop those yet but we have been in talks with uh, some potential partners in Asia, especially in the Philippines and we will share with you in the coming days. This has still some more work that needs to be done before it makes sense to distribute the dividend shares from this subsidiary to our shareholders.
And then Vinafilms International actually is the new name. It used to be called American Plastics, Pacific Plastics but we just changed that name to Vinafilms International and we expect to share with you a few very good things about it in the coming weeks. If not next week it will be in the coming weeks. Hopefully we can do that next week.
And then Phivitae Healthcare uh, is in the healthcare and medical industry. We are working with a joint venture in Vietnam right now and we will announce when it’s ready.
And then Empire Spirits use to be called Provimex. It was a subsidiary of PHI way way back in 2004 and we established the company as an import export entity. We did some business and um, instead use the company as a holding company for some potential acquisitions. But you know the target companies didn’t work out so we still have that vehicle and uh it’s been seasoned and can be turned into a public company fairly quickly once we bring um I mean The Five Grain under our belt.
And the Carbon CO2-1-0 Carbon Corp is the carbon mitigation carbon credit subsidiary headed by Mr. Choky.
Slide:
Luxembourg Bank funds, is Global funds with a number of compartments for investment into different industries. The are of focus for the funds.
Slide:
Initially we were focused on the real estate aspect because ah you know we work through the funds and also a JV in Vietnam to develop and build out the Asia Diamond Exchange so it will be going through our PHILUX Global Fund Real Estate component.
Slide:
And special situation we mentioned and merger and acquisition. We had some very significant success story in the past. We were instrumental in taking the first Vietnamese company to the NASDAQ stock market, the Cavico Corporation. We spun up a subsidiary of PHI Group with ah, called ATC technology and we completed a merger with a cellular biomedicine group and upgraded to the NASDAQ stock market under the symbol CBMG way way back and the company also went through some changes but it was at one time very prominent and traded like for $40 per share and a lot of our shareholders at that time received a dividend from this spinoff.
We also listed a company, a subsidiary of ours called Philand Ranch, on the Frankfurt Stock exchange. Unfortunately timing wasn’t right, it was uh, as we was launching it and then the global financial crisis happened and then we couldn’t pursue with the development of the 491 project in central Vietnam at that time.
Slide:
Now lets talk about the 5 Grain Treasure Spirits. Some of you have already heard about this company. When signed the let of intent we had a brief presentation so some of you are familiar with it. It’s a Baiju distiller with a 100 year history in Jilin Province in China, northern China. It has a excuse me….It has a proprietary spirit production process. It has patented technology to grow red sorghum for baiju manufacturing. The patented grain produces superior yield and quality compared to the regular grain that are grown by the farmers that don’t have expensive technology. It’s a reputable bulk alcohol supplier some of the largest spirit companies in the world, including the Kweichow Maotai which is largest beverage liquor company globally right now.
Slide:
The 5 Grains Treasure transaction. We use Empire Spirits, a subsidiary of PHI Group as a holding company ahh, to hold 75% (I believe he meant 70%) equity interest in 5 Grain Treasure Spirit Company. The total purchase price is $100 million to be paid in 3 tranches. The first one is in March, ah March 18th, June 18th and September 18th of this year. According to the agreement the closing dates is scheduled for September 18th 2022. However we can and we plan to close it sooner as soon as we pay off the full purchase price. We will complete a GAAP audit according to the requirement of uh, the PCAOB, public company accounting oversight board registered to practice before the SEC. It just cannot be any auditor but it has to be registered with PCAOB to to do that function.
I’m sorry I need to get….(coughing)
And then we’ll be able to consolidate the financial result of 5 Grain with PHI Group’s financials. Our plan is to transform the post acquisition companies, both 5 Grain and Empire Spirit to something quite spectacular and we’ll list it on a major exchange. And potentially we’ll be able to distribute meaningful dividend to our PHI Group shareholders.
Slide:
And our growth strategy for our 5 Grain Empire Spirit is uh, threefold, three prong. We do joint venture with growers to produce 500,000 tons of sorghum per year. And uh, we supply up to 230,000,000 liters of bulk spirit to beverage companies including the top brand in China. And we will develop our own brand and with proprietary manufacturing methods and preferred distribution channels.
Slide:
Some of the, let me see top brand liquor company in China includes uh Kweichow Moutai. It’s the Moutai is one of the best known Chinese liquor or baiju brand. The market cap right now is about $350 Billion US dollars and commands a very high P/E ratio, like 49-50x earning very prominent and very respectable company and uh some of it’s bottles cost a lot of money like even 1 brand 5 star brand made in 1955 it cost about $200,000 per bottle. But, on average is lower like $380, $400. A lot of people consume at that price level.
Slide:
Another company is Wuliangye, the market cap $118 billion dollars, the P/E is 36.40. the current, I mean 12 month trailing P/E.
Slide:
Luzhou another Chinese liquor brand, smaller, market cap about $49 billion dollars but P/E ration is also very high, 46.40.
Slide:
And now we talk about the potential for 5 Grain Empire Spirits. The performance and potential on the side of empire spirits, we will do joint venture with growers in Vietnam to produce 500,000 tons of sorghum per year. That initiative will bring about low end 30 to about 150 million dollars per year. We have already contacted 5 prominent growers in Vietnam like (need help here with these company names at 25 min mark) TanTan kum, like Chung Hai, like Song How, yeah those and also Binh Phuoc province there’s plenty of land suitable for growing sorghum in that area and Empire Spirits will be doing joint venture directly with those local growers to produce the sorghum. And from there we will supply the raw material to 5 grain. And 5 grain from the raw material will supply up to 230,000,000 liters of bulk spirits per year. From that it can produce on the low end like $181 million to high end up to 5-6 years can be $900 million dollars per year.
And then on the 5 grain side the beauty is besides selling bulk spirits to other distillers, we will develop our own brand. Actually the company has already developed its own brand, it’s been tested and very very much well liked and we are ready to go into production once the transaction is concluded. Actually now it’s inked so we can start working on that, we don’t have to wait until September. We can start working that right away especially the Empire Spirit side we can start doing joint venture and grow the product right away and then with the proprietary own brand we can generate 3.6 to 14.5 billion dollars per year over the period of 5-6 years.
And the potential market cap from all this activity will be about 49-56 Billion dollars in the first 2-3 years.
Let me see if we can get the numbers here so we can look at it.
Slide:
We have 3 prongs
We grow our own sorghum but we can supply it to sell to other distillers or we can use it by 5 grain to produce, process, ferment sorghum to turn into the bulk product and sell and supply to other distillers and thirdly we do our own private brand.
Yeah we can do first year probably about 100,000 tons
We use a very low price of about of like $300 per ton but actually right now $380 in that range. And cost per ton probably about 50 to 70 dollars maximum. We wanted to provide cushion for so we say $125 but um, Even that we will on the low end we can also generate about 30 million dollars of revenue and can net about 17.5 million dollars the first year. And the second year it can grow to 75 million to 150 million we keep at that level further years but at the demand grows we can always increase it.
Slide:
And then processing sorghum to supply to other distillers we can do take 100,000 ton it will give about 45 million liters and the price per ton is $1800 per ton. Cost per ton is at $300 but bump it up a little bit to give a cushion. Even at that level the gross revenue will be about $180 million dollars per year. Minus expenses that would be $146 million dollars per year.
And then on the private brand, every 2.2 ton we can get a liter of the liquor and there are about 375 milliliters per bottle and the price per bottle like Moutai out there can be at least 3-400 dollars a bottle but suppose we keep a very low price level, 60-80 dollars per bottle, the cost per bottle about $10. So if we do 50,000 tons per year that would be for us about 60 million bottles and the gross revenue would be about 3.6 billion dollars and net income about 3 billion dollars and of course if the quantity is increased over the year then the numbers will increase accordingly. From 50,000 to 75-100,000 or 150,000 per year and then this is the net income (points to picture 4.5 billion dollars).
When we combine the gross revenues the net income for the 3 components. We have to keep in mind cause see ah,on the empire spirit level because we own 100% of this company on the PHI we can account for all of the revenues and net income. However on the activities that are provided or handled by 5 grain we only own 70% of 5 grain so we can only account for that portion of revenue and profits for that company. So when all combined, the 3 components the gross revenue for the first year will be about 2.7 billion dollars minus expenses net income will be about $2.2 billion.
And that’s based on our cost structure however we want to mirror the proxy performance or parameters that Kweichow Moutai is and has experienced over the years. So, we take that use their average, we get about $1.2 billion net instead of $2.2 billion dollars. And then that is for the first year, but if we take the average..the first 2 year average revenue would be about $3.4 billion dollars and average net income $2.8 billion. And if we use the average 2 year average for Kweichow Moutai then will be about $1.6 billion dollars and well we say that is too high.
We take a 30% discount or haircut so that would give us about $1.1 billion dollars net income per year for the first year, on average for the first 2 year. If we use the P/E ratio that is prevalent right now for Kweichow Moutai is 50x earnings for the last 12 months then market cap would be about $56 billion. Suppose we use the average P/E ratio for the most prominent brands of Chinese ? companies in the liquor industry it is about 44x earnings so the market cap would be about $49 billion dollars.
So that’s why we say based on those parameters we produce the raw materials sorghum plan and provide the product firstly to 5 grain and we can sell to other buyers as well but why would we sell to other buyers because 5 grain can use it and turn into a more valuable product that will command a higher price. The market cap with that kind of preferred potential the market cap would be like $49 to $56 billion dollars in the first 2 or 3 years.
But remember you know these assumptions are based on the current market situation right now. That may change over the year. It’s not going to be the same. But so far the trend, the circular trend has been very very favorable for this company over the years. It’s been very stable and commands very very high mutiples.
Leadership acumen you know and I will give a very quick summary of the PHI.
Our company is committed to create long term sustainable value for our shareholders. We have a very robust strategy and we believe that we have the right components to make it happen.
PHI group invests and participate in select industry and special situations that potentially can raise very significant returns for our shareholders. We provide M and A advisory services to international clients through our wholly own subsidiaries PHILUX capital advisors and we plan to uplist our stock on a major exchange while we continue to further our growth expansion. Right now components which are very important to our success.
PHI Luxembourg bank funds is the first ever Luxembourg bank fund that is organized to focus in investment opportunities in Asia in particular in Vietnam. And then we have the Diamond Exchange, Asia Diamond Exchange. We also participate in cryptocurrency blockchain technology especially with our own carbon mitigation company CO2-1-0 carbon corp.
And we have 5 Grain Treasure Empire Spirits transaction. Vinafilms international. We’ll be able to share that with you I believe hopefully next week or the following week. But it will be very very exciting. And then a new subsidiary we have established is called PHILUX global energy. We will be the holding company for the Kota energy group and Kota construction company that we are acquiring.
And we expect to be able to provide information and update you on this transaction next week. We are able to do that. And then we share with you more information. Right now we will not go into much detail. But these operations and transactions should be expected to be major contributors to the company’s revenue growth and profitability in the near and long term.
So before wrapping up here, I want to thank all of you for taking your time to join us today and some questions that have come up quite often about the buyback and the dividend distribution, uh, dilution. For the buyback program we are not going to be able to share anything at this moment. You know we have until the end of March to manage our buyback program. We do have some contractual covenants that we’ll have to honor in conjunction with the buyback programs so we’ll have to do it accordingly.
But, at the same time there are priorities right now we will need to consider especially with the acquisition opportunities. We have at hand we want to complete these transactions first and then we can go back and buyback the shares at a later time.
The capitalization plan. Some of you are concerned about the newly authorized share, 60 billion. Are we gonna issue all those shares? No, we are not gonna issue all of those shares, but we want to have it as a backup plan because we would need some equity alongside with debt financing to complete some of these transactions. If we can handle all these transactions by debt at the low interest rate, of course we want to do that, but at the same time any debt financing requires certain percentage of equity for lenders to be comfortable with and we’ll have to manage it accordingly.
And some of you sometimes, of course, you know I cannot blame you as you have been me with the company for too long. Sometimes it is very frustrating, you know very disappointing when things do not happen according to schedule and honestly, you know, more than anybody else ( I will stop the sharing so I can-closing screen)…More than anyone else I want to see things happen quickly and I want to deliver the results sooner rather than later. We cannot control everything. We have to work with other people, people on the same continent here in the US but we have cross border partners in other parts of the world like in Asia and South America, South Africa, and Europe and so forth.
So it’s quite challenging. Sometimes I’m a little bit over optimistic. I, when we are talking with our partners It’s ok, we’ll do it next week, next week for sure. And then something happens, you know, something I cannot control. So one particular incident that I say well I better keep my mouth shut, I better not say too much, just wait until things happen and then we will announce and I will try to do that more often going forward. So I’m not gonna say too much ahead of myself.
But anything and everything we do and some will say “you don’t care about shareholders”. I DO CARE about shareholders. And I am one of the longest shareholders in this company. From the beginning. And my job is not done yet until it’s a success for everybody not only myself. So you can sit and count on me that I have total commitment and determination to complete my job. And always for the best interest of all our shareholders, not just one or two.
Now it may be a disappointment for one but it can be disappointment for everyone. But if it’s a success it’s a success for everybody. So please understand, you know I am sometimes some of you try to ask questions, try to get some information ahead of time unfortunately I cannot reply to all those emails or text messages. So please understand and forgive me. Doesn’t mean I don’t care about you. I DO care about each and everyone of you. But, I just cannot answer each and every question and sometime some of you get all excited. I may share something else and you get all excited and you go online and share something else it’s not exactly what I was saying and sometimes I’m very frustrated about that too. So please, please do understand.
Let me go back to the screen here a little bit. I want to say thank you, all of you and for taking your time to be with us today and uh, we will have announcement next week and probably another conference call next week with more details. Today I just wanted to give a wrap up and overview on the 5 grain and vinafilms, I sorry the Empire spirits transaction. I notice some of you have raised your hands unfortunately because was ongoing it’s hard to stop and answer you but if you. I’m sorry I’m not able to answer all of you who have raised your hand in reception. We’ll try to accommodate you next time.
Again, ladies and gentlemen, thank you so much for your time and for your patience. I believe the future is very bright and very exciting. I’m planning to travel to Turkey, to Dubai and also Europe prior to going back to Vietnam after the new years day to get a number of things on the ground because we would like to have the international press conference to announce the diamond exchange with our international partners as soon as the travel situation with omicron improves and allows easier passage and stay without prolonged quarantine. Thank you so much. Stay safe and health and may God Bless you all, all of us. Thank you. Goodbye.
For those of you who have raised your hand, please send me an email with your question and if anything I can answer that is public information I’d be happy to share with you. But, unfortunately I am sorry for not being able to respond directly to you during this call. Thank you very much. Goodbye and God Bless you.
It seems $PHIL has a lot of news about to come out before the end of the month.
Hopefully the Carbon Token Presale will go well. Go $PHIL
Carbonian
@Carbonian_CO2
For Carbonian who wants to hold CARBON token immediately in your wallet, don't worry be happy, as we will start the CARBON's Token Pre-Sale soon. Please stay tuned!
Cheers,
Choky
(Letter of CEO 5/5)
For Carbonian who wants to hodl CARBON token immediately in your wallet, don't worry be happy, as we will start the CARBON's Token Pre-Sale soon. Please stay tuned!
— Carbonian (@Carbonian_CO2) January 24, 2022
Cheers,
Choky
(Letter of CEO 5/5)
There will be more projects to come in coming weeks. Our journey has just started. We have strong real combating climate change projects which impact to millions lives.
— Carbonian (@Carbonian_CO2) January 24, 2022
(Letter of CEO 4/5)
this week we just signed another MoU with one Hydro project and will conduct due dilligence to a Biogas powerplant in Indonesia. These 2 new Renewable Energy projects can generate 1.5 million carbon credits (equal to 1.5 million CARBON tokens)...
— Carbonian (@Carbonian_CO2) January 24, 2022
(Letter of CEO 3/5)
PHIL Stock Chart Analysis PHI Group Inc. - 01-21-2022
Hoping for the breakout he sees in the $PHIL Chart next week. We do have a CC next week that should be positive so there is a chance for a breakout anyway.
Now Henry has something to talk about so he can proceed with the CC today:) Go $PHIL
There is no point having a CC if there is nothing to report. Henry isn't required to do CC's all he has to do is file on time and issue 8K's if there is a material event. I would rather Henry cancel the CC if he has nothing to report.