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Shares increase for various reasons some reasons are good some reasons are bad. Just because the shares went up doesn't mean all those shares will enter the float.
What 700 million shares I only see 54,750,000 shares the rest went to insiders that won't be selling IMO?
NOTE 17 – SUBSEQUENT EVENT
These financial statements were approved by management and available for issuance on or about November 19, 2021. Subsequent events have been evaluated through this date.
1. ISSUANCES AND CANCELLATION OF COMMON STOCK
From October 01, 2021 to November 19, 2021, the Company issued and cancelled the following shares of its Common Stock:
A. Issuances:
a. Issuance of 1,533,000,000 shares of Common Stock for the Services Agreements dated September 21, 2021 with Johnny Park and Whankuk Je regarding the development and launching of the ADE Tokens in connection with the Asia Diamond Exchange.
b. Issuance of 54,750,000 shares of Common Stock for the conversion of one half of the principal amount and accrued interest of the convertible note with EMA Financial LLC dated March 23, 2021.
c. Issuance of 52,196,586 shares of Common Stock for $215,898.13 accrued and unpaid salaries.
B. Cancellation:
Cancellation of 235,478,810 shares of Common Stock previously issued to PHILUX Global Funds SCA, SICAV-RAIF for initial capitalization.
Source: https://www.otcmarkets.com/filing/html?id=15373064&guid=cMfwkeIQNuGRB3h
Follow the stock trading volume as long as the stock volume is low the buyback shares are locked up. $PHIL
Henry completes the loans and has access to the funds $PHIL will succeed. This stock is an OTC stock until it isn't. Trust Henry this is his life's work. Following the DD. Research the real Luxenburg fund.
I don't have any thoughts on the share increase. I don't want to speculate. I would guess Henry will update the market about the increase if he gets enough questions about it from investors. I am pretty confident we will see some type of update from Henry before the end of the year.
Investors optimistic about Vietnam’s M&A market GO $PHIL
DECEMBER 12, 2021 by hanoitimes.vn
Attractive opportunities for merger and acquisition in the Vietnamese market have led to a busy end of the year for investors who are closing record deals.
The year 2022 will see a strong rebound for Vietnam and this is also an opportunity for investors with healthy resources to jump into merger & acquisition (M&A) activities.
The forecast was made by local insiders as 2021 is a record year in terms of customer support related to M&A deals for the consultant company in Vietnam and globally.
Delegates attend the event. Photo: Phi Nhat
According to Chairman and CEO of KPMG Vietnam & Cambodia Warrick Cleine, there are a lot of domestic and international investors who are looking to pour money into Vietnamese businesses.
Despite the unpredictable pandemic situation, the size of Vietnam’s M&A market value reached US$8.8 billion in the first ten months of 2021, an increase of 18% compared to 2020, with a total of more than 500 deals, according to KPMG.
The proportion of M&A value in which Vietnamese enterprises play the role of buyers tends to increase. They spent $1.6 billion on M&A of which $1.13 billion was invested in 11 deals by five Vietnamese companies such as Vingroup, Masan, NovaLand, Hoa Phat, and Vinamilk.
Among the total value, about 58% of M&A transactions came from consumer goods, real estate, and finance, according to local insiders. Fintech, financial services, and logistics are making many investors optimistic.
Being of the same mind, Vo Ha Duyen, Chairwoman of VILAF Law Firm, stated that investment funds have been looking at the Asian market as a long-term strategy.
"Although the deals may take longer to complete due to some obstacles such as travel and appraisal, they were successful thanks to the opportunity and potential in the extremely attractive Vietnamese market," Duyen said.
Cleine and Duyen, who participated in the Vietnam M&A Forum 2021, which was held in Hanoi on December 9, recognized that although the Covid-19 pandemic has greatly affected the whole world economy, the fact that M&A transactions in Vietnam are still increasing proved the confidence in the Vietnamese market among domestic and foreign businesses. It also is based on how well Vietnam has controlled the pandemic.
Masataka Sam Yoshida, Head of Cross-border Division at RECOF Corporation and CEO of RECOF Vietnam said, despite the impact of Covid-19, Vietnam ranked in the top two most important destinations for Japanese investors, after Singapore.
In 2021, the transaction value increased sharply with a large deal between SMBC Consumer Finance and VP Bank, he added.
Due to the long preparation time, many deals would not be completed until next year. Le Khanh Lam, Chairman of RSM Vietnam, said in the case of small-scale deals, some investors want to complete them as quickly as possible, but concerning big ones, they are more careful because they cannot directly visit the investee and its board of directors.
Production lines of Vinamilk’s factory . Photo: Vinamilk
The rise in M&A transactions also shows that the business investment environment in Vietnam is really attractive, according to local and foreign participants at the event.
Lam from RSM Vietnam said foreign direct investment in Vietnam is growing and investors have high confidence in the Vietnamese market in the coming years. However, before making a decision on a big deal, investors also need to seek a lot of other information.
According to Lam, attractive new industries will be renewable energy, pharmaceuticals, telecommunications, and infrastructure. "In particular, investors are rushing to spend in renewable energy," he said. "The orientation of the Government for renewable energy in recent years has created many opportunities for domestic and foreign investors."
From a management agency's view, Tran Quoc Phuong, Deputy Minister of Investment and Planning said after two years of facing many difficulties due to the impact of the pandemic, the business community has made great efforts to find new growth models or restructure to adapt to the rapidly changing context based on economic support and recovery policies issued by the Government.
He added that the legal corridor for investment and business activities is also constantly being improved with the revised Law on Investment and the Law on Enterprises.
The Law on Investment in the form of public-private partnership (PPP) officially took effect in early 2021 and the Government will submit a new law that can amend many current laws to the National Assembly for consideration in order to remove difficulties, create favorable and open conditions for investment and business activities in Vietnam, including M&A activities.
"I believe that, although there are still many difficulties and challenges in the immediate future, M&A activities are expected to increase sharply and explode in 2022 and the following years," he underlined. "Many businesses are ready to accept new opportunities, leading to a sharp increase in M&A demand in the near future."
Source: https://www.vietnambreakingnews.com/2021/12/investors-optimistic-about-vietnam-s-m-a-market/
I just realized something. This 8K only took two days from signing to filing that is like record time for $PHIL.
Section 1 – Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
On December 08, 2021, PHI Group, Inc. (“Buyer”) signed a Letter of Intent with KOTA Construction LLC & KOTA Energy Group LLC, both of which are California limited liability companies (hereby collectively referred to as “Sellers” and individually as a “Seller”) to acquire 50.1% of the equity interest of each Seller, which equity interest shall be common equity with economic rights pari-passu with that held by the founders of Sellers (such equity, the “Equity”, and the purchase thereof, the “Transaction”). Each Seller and the Buyer are hereinafter referred to individually as a “Party” and collectively as the “Parties.” The Parties promise to negotiate in good faith a definitive purchase agreement (the “Purchase Agreement”) for such equity interests and second amended and restated operating agreements for each Seller (the “Operating Agreements”) to include the terms and conditions set forth in this Letter and such other representations, warranties, conditions, covenants, indemnities, limitations on the amount and types of damages and other terms as the Parties may agree upon.
Purchase Price. (Due to confidentiality and non-disclosure agreement among the Parties, the purchase price is reported directly to the Securities and Exchange Commission together with this filing and will be disclosed when the definitive Purchase Agreement is signed by the Parties).
Purchase Price: $64,125,000.00
Conditions. The Transaction shall be subject to the satisfaction of the following conditions prior to the Closing:
. Buyer’s satisfactory completion of due diligence;
. Buyer securing financing in an amount necessary to finance the Transaction;1
. The approval of the Transaction by Buyer’s Board of Directors;
. The approval of the Transaction by the applicable managers and members of Sellers;
. The execution by the Parties of the Purchase Agreement and ancillary agreements;
. The execution of the Operating Agreements by the applicable members;
. There being no material adverse change to the business of Sellers; and
. The receipt of any necessary regulatory or other agreed upon material approvals and third party consents, if any.
Due Diligence. After the signing of this Letter of Intent, Sellers will grant Buyer and its duly authorized representatives reasonable access to the facilities, financial, accounting and business books and records, material contracts, legal records, key employees, customers, suppliers, and advisors and any other matters of Sellers as Buyer’s accountants, tax and legal counsel and other advisors reasonably deem appropriate, subject to the Confidentiality provision provided below, for the purpose of allowing Buyer to complete its due diligence. The Purchase Agreement and other transaction-related documents shall be contingent upon the satisfactory completion of due diligence by Buyer. Notwithstanding the foregoing, the Buyer and its representative shall not contact any employees, customers, suppliers or advisors of any Seller without the express written approval of Cole De Arman or his legal proxy which may be withheld in their reasonable discretion (this restriction, the “Consent Requirement”).
KOTA, operating under two legal entities as Kota Energy Group LLC and Kota Construction LLC, provides solutions for solar energy to residential and commercial customers, with unique competitive advantages. As one of the fastest growing sales and installation engines in the country, KOTA prioritizes itself to have the best employee and customer experience possible, through its high standard of installation quality, its industry leading technology platforms, which enable increased sales volume, while maintaining fast, and transparent project timelines. It’s strategic partnerships with key players in the solar industry, have increased margins, while delivering top tier products to customers, without sacrificing quality. KOTAs guiding core values of Become, Create, Give have been the driving factor in decision making that have led it to become the most highly sought-after solar company to work with in the solar industry.
Website: KOTA Energy Group: https://www.kotasolar.com
Source: https://www.sec.gov/ix?doc=/Archives/edgar/data/704172/000149315221031085/form8-k.htm
From the last CC. Go $PHIL
Looks like that was the new thing coming Henry mentioned in the last CC. Go $PHIL
Another Green Close Day! Keep it going $PHIL
Green Close! Go $PHIL
Kenny I agree it seems the average time between signing and 8K filing is around 10 days. Maybe it has to do with how busy the auditor is who knows. Go $PHIL
Here is an example of the time delay.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166850428
Kenny sooner or later Henry is going to have to release news he has been holding he can't hold on to it forever. The Five Grain definitive agreement is probably already signed. I would think an 8K will come out soon about it since it is a material event. Go $PHIL
From the last filing.
The Crypto exchanges Carbonian is following could be an indicator of what crypto exchanges PHI Group's Carbon token will be on when it goes live next year. Go $PHIL
https://twitter.com/Carbonian_CO2/following
Henry's final words in today's CC concerning other projects. Go $PHIL
To Join the meeting use the information in the PR. See below.
Time: Nov 24, 2021 – 09:00 AM Eastern Time (US and Canada)
Join Zoom Meeting:
https://us06web.zoom.us/j/4177806661
Meeting ID: 417 780 6661
Passcode: zerocarbon
Bottom line here... Go $PHIL
PHIL became basically a new company when this happened below.
https://www.globenewswire.com/en/news-release/2020/06/12/2047457/0/en/FIRST-EVER-VIETNAM-RELATED-LUXEMBOURG-BANK-FUND-LAUNCHED.html
PHIL will become a Mega Company when the below happens.
Link to Carbon Token Green Paper. Go $PHIL
https://co2-1-0.io/assets/file/R2_Final%20Greenpaper%20Carbon.pptx.pdf
The Carbon Token site came up early that's great.
My fellow Carbonian,
It is thrilling and heart-warming if what we do can change the world. That is right! Changing the world in a real sense, even a tiny micro change, is much better than just words, speeches, or plans that who knows when be realized.
I am upset and anxious to see so many people, companies, even up to the government level in many countries who just talk nonsense about global climate change, complaining without providing a solution, let alone implementing a solution.
I am upset and anxious to see so many people playing around and using the issue of global climate change for their personal and corporate interests, ultimately about money, regardless of whether what they do is beneficial for the earth or not. On the other hand, I am also upset and anxious to see so many people who are too worried about any possible risks that may/ may not happen in the future. I think this fear is more due to a lack of understanding of the risks themselves. Risk is not to be worried about, but to be understood in depth and mitigated properly and correctly.
Also, one more thing that I infuriated, called the comfort zone trap, feeling of happiness with a “steady” state, even though they know the current state is very ineffective and very inefficient. It's true, that there is a very thin difference between the pleasure of being in the comfort zone or the fear of making a change, isn't it Bro n Sis?
It is a great passion, agitations, and anxieties above that make my soul, who is also a certified Six Sigma Master Black Belt to make continuous improvements and towards perfection, rise fiery in the form of CO2-1-0 (CARBON) CORP. The meaning of CO2-1-0 is simply reducing CO2 (and its equivalent) by the active participation of corporations, institutions, and individuals together as one (1) towards zero (0) carbon/decarbonization.
My fellow Carbonian,
CO2-1-0 (CARBON) CORP. was established in 2021 in Wyoming, USA to answer all of the above concerns and the desire to participate in the fight against global climate change. There have been enough explanations about the world's climate change, especially since we have just witnessed the holding of COP26 in Glasgow, with real demands for immediate action. Despite some imperfectness of the COP26 outcomes, we answer that demand with: We are ready!
CO2-1-0 (CARBON) CORP. will start from something simple and not big at the beginning, therefore we will start cooperation with several projects related to global climate change in Indonesia, Vietnam, ASEAN countries, and then to the USA and the rest of the world. Why start in Indonesia and Vietnam? The answer is that the opportunity to combat global climate change is huge in those 2 countries, and the fact that the founders are natively come from those 2 countries. Why was the company founded in the USA? The founders have been or are
currently working in the USA, a country with full freedom to realize brilliant and crazy ideas, a country to live at the fullest. Albeit as mentioned earlier about the meaning of CO2-1-0, it does not matter where you are, we live on the same planet, we should act together as one to combat climate change.
CO2-1-0 (CARBON) CORP. received full support from the large corporation of Phi Group, the manager of the Philux Global Fund in Luxembourg and the major share owner of 9 subsidiaries (including us) spread across the USA and Asia, which are engaged in the technology industry, property, commodity trading including largest diamond exchange for the Asia-Africa. We also have full support from various key players and activists in the renewable energy industry, agriculture, forestry, environment/ sustainability, humanist, etc.
Phi Group is led by our co-founder, Henry D. Fahman, a very experienced and very open- minded person. Henry graduated Magna Cum Laude from the best universities in the USA: the University of California at Berkeley and Harvard, my dream universities when I was young, which didn't work out, instead I got into the best engineering institution in Indonesia: ITB, yell boys!!! 3x, and MBA from Monash University. I've been a good friend of Henry for about 10 years. We met every time he got a chance to visit Indonesia. We even had a business travel together to remote villages in Eastern Indonesia, i.e. East Nusa Tenggara. Henry is a very reliable and trusted friend.
My fellow Carbonian,
Deliberately, I write this letter similarly telling a story about CO2-1-0 (CARBON) CORP. to all Carbonian around the world. If you want to know about us, our Blockchain and IoT, and CARBON in more detail, you can read our Green Paper. I want to end this story with an invitation: Let's take care of our Earth, we don't know yet if there is another place outside the Earth that we can live in in the future, but we know that the Earth has done a lot for us: all human beings, in Indonesia, in Vietnam, in ASEAN, in the USA, and everywhere. The time is now to give back. Let’s start with each one of us, start with an impact, and start now. It's time to participate in CARBON!
Thanks, and I wish all Carbonian the best,
Choky YF Simanjuntak
CEO and Founder
December 2021
CEO letter from the link above. Go $PHIL
Source: https://co2-1-0.io/
Yep northernwind, the way I look at it is there are two types of dilution the good kind and the bad kind. I highlighted the bad kind below the rest is the good kind. If employee's hold their shares long term and don't sell any until after $PHIL is on the Nasdaq that is the good kind of dilution IMO.
NOTE 17 – SUBSEQUENT EVENT
These financial statements were approved by management and available for issuance on or about November 19, 2021. Subsequent events have been evaluated through this date.
1. ISSUANCES AND CANCELLATION OF COMMON STOCK
From October 01, 2021 to November 19, 2021, the Company issued and cancelled the following shares of its Common Stock:
A. Issuances:
a. Issuance of 1,533,000,000 shares of Common Stock for the Services Agreements dated September 21, 2021 with Johnny Park and Whankuk Je regarding the development and launching of the ADE Tokens in connection with the Asia Diamond Exchange.
b. Issuance of 54,750,000 shares of Common Stock for the conversion of one half of the principal amount and accrued interest of the convertible note with EMA Financial LLC dated March 23, 2021.
c. Issuance of 52,196,586 shares of Common Stock for $215,898.13 accrued and unpaid salaries.
B. Cancellation:
Cancellation of 235,478,810 shares of Common Stock previously issued to PHILUX Global Funds SCA, SICAV-RAIF for initial capitalization.
Source: https://www.otcmarkets.com/filing/html?id=15373064&guid=kyywkq652gwfJth
Slides from the 11/24/2021 $PHIL Conference Call.
Henry's closing remarks in the CC.
Ok lets talk Korea $PHIL ADE Coin.
First from the last 10-Q filing. Johnny Park is in charge of launching the ADE token and also is involved in the Korea launch.
11. SERVICES AGREEMENTS FOR DEVELOPMENT OF ADE TOKENS USING BLOCKCHAIN AND CRYPTO TECHNOLOGIES
Happy Thanksgiving All! Have a blessed and safe day with friends and family. I am very thankful for $PHIL
Henry's closing remarks in Today's CC. Go $PHIL
It should show in the 10Q in the subsequent events section and be attached to the 10Q IMO.
veloyt - The 8K today was a loan agreement for 2 billion dollars and the previous 8K loan agreement was for 1.5 billion dollars. Looks like two seperate financing companies so not sure if this new loan replaces the old one or if there are two loans signed. We will have to wait for the filing today to get the details. Go $PHIL
We need to wait until the filing today to get all the specifics. Go $PHIL
Today's 8K
1. Loan Agreement between Neok Financial Incorporated and PHI Group, Inc.
Effective November 14, 2021 the registrant signed a loan agreement deed with Neok Financial Incorporated, a corporation organized under the existing laws of United Arab Emirates, with its office address located at Trade Center Road, Bur Dubai, Dubai, United Arab Emirates for a loan program in the amount of $2,000,000,000 which carries a fixed preferred rate of annual interest for thirty-five years, to be repaid on a monthly basis over a period of 420 months.
The closing of this transaction is subject to having met certain administrative and legal requirements by the United Arab Emirates, the signing of the closing documents and compliance with international laws for a transaction of this type.
The registrant intends to use the funds from this loan program for a variety of investment opportunities, including but not limited to the Asia Diamond Exchange, the Multi-Commodities Center, selective projects in the areas of real estate, infrastructure, renewable energy, healthcare, and agriculture in Vietnam in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the registrant.
https://www.sec.gov/Archives/edgar/data/704172/000149315221029505/0001493152-21-029505-index.htm
The previous 8K
1. Financing Agreement between Haj Finance Group and PHI Group, Inc.
Effective October 17, 2021 the registrant signed a contract agreement with Haj Finance Group, a corporation registered in Oman, Hatat House Ground Floor, Ruwi, Muscat, Sultanate of Oman, for a financing program in the amount of $1,500,000,000 which carries a fixed preferred rate of annual interest for thirty-five years with a three-year grace period. The closing of this transaction is to occur after the registration of a Special Purpose Vehicle (SPV) within United Arab Emirates, the signing of the closing documents and the approval of the transfer of funds by the Central Bank of United Arab Emirates (CBUAE). The registrant intends to use the funds for the establishment of the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, for financing selective projects in the areas of real estate, renewable energy, healthcare, and for other investment opportunities in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the registrant.
https://www.sec.gov/Archives/edgar/data/704172/000149315221026574/form8-k.htm
Getting closer this 8K took only 8 days from signing to filing. Go $PHIL
Good deal so all these people are working for free:) Go $PHIL
Jack Hoang Vo, Vice President – Global Business Development
Steve Truong, Managing Director – PHILUX Capital Advisors
Danny Le, Managing Director – PHILUX Capital Advisors
Dennis Maas, Vice President – PHI Vietnam Investment & Development Ltd., ADE Project Director.
Lam T. Duong, Chief Technology Officer – Sustainable Agriculture.
Dr. Venkateswar Rao Gopisetti, President – PHIVITAE Healthcare, Inc.; Managing Director – PHI Vietnam Investment & Development Ltd.
http://phiglobal.com/management/board-of-directors/
The main lux fund has many parts as well.
The following entities have been engaged to support the Fund’s operations: a) Custodian Bank: Hauck & Aufhauser Privatbankiers AG, b) Administrative Registrar & Transfer Agent: Hauck & Aufhauser Alternative Investment Services S.A., c) Fund Manager: Hauck & Aufhauser Fund Services S.A., d) Fund Attorneys: DLP Law Firm SARL and VCI Legal, e) Investment Advisor: PHILUX Capital Advisors, Inc., f) Fund Auditors: E&Y Luxembourg and E&Y Vietnam, g) Fund Tax Advisor: ATOZ Tax Management, Luxembourg, h) Fund Independent Asset Valuator: Cushman & Wakefield, Vietnam.
Yes the division is PHI capital holders but Henry is heavily involved in the acquistions as well IMO. GO $PHIL
https://www.globenewswire.com/en/news-release/2020/01/14/1970336/0/en/Glink-Apps-JSC-Retains-PHI-Capital-Holdings-to-Assist-in-IPO-and-M-A-Plans.html
Butchmass - Yes, I agree money has been an issue in the past. Henry is currently the acting CFO. The first thing Henry should do when he has money to increase staff is to hire a good CFO that would free him up to concentrate more on mergers and acquistions. Go $PHIL
Henry does have help.
Henry D. Fahman, Chief Executive Officer
Tam Bui, Vice Chairman – PHILUX Capital Advisors
Tina T. Phan, Corporate Secretary & Treasurer
Jack Hoang Vo, Vice President – Global Business Development
Steve Truong, Managing Director – PHILUX Capital Advisors
Danny Le, Managing Director – PHILUX Capital Advisors
Dennis Maas, Vice President – PHI Vietnam Investment & Development Ltd., ADE Project Director.
Lam T. Duong, Chief Technology Officer – Sustainable Agriculture.
Dr. Venkateswar Rao Gopisetti, President – PHIVITAE Healthcare, Inc.; Managing Director – PHI Vietnam Investment & Development Ltd.
http://phiglobal.com/management/board-of-directors/
Also if you look up Henry's name you will see there are other officers assiged to each sub fund in most cases.
https://opencorporates.com/officers?utf8=%E2%9C%93&q=henry+fahman&commit=Go&utf8=%E2%9C%93&action=search_officers&controller=searches&inactive=false
The main lux fund has many parts as well.
The following entities have been engaged to support the Fund’s operations: a) Custodian Bank: Hauck & Aufhauser Privatbankiers AG, b) Administrative Registrar & Transfer Agent: Hauck & Aufhauser Alternative Investment Services S.A., c) Fund Manager: Hauck & Aufhauser Fund Services S.A., d) Fund Attorneys: DLP Law Firm SARL and VCI Legal, e) Investment Advisor: PHILUX Capital Advisors, Inc., f) Fund Auditors: E&Y Luxembourg and E&Y Vietnam, g) Fund Tax Advisor: ATOZ Tax Management, Luxembourg, h) Fund Independent Asset Valuator: Cushman & Wakefield, Vietnam.
The point is Henry isn't a one man show he has a lot of help. GO $PHIL
Actually the OS doesn't matter it is the tradable float which based on the trading isn't that big. It took awhile for me to understand that. The higher the tradable float the more buy volume is needed to move the stock price. There is no way to know what the tradable float is but with low volume and lots of stock movement it shows that many shares are locked up waiting for higher levels or waiting to be bought back. IMO. Go $PHIL
The bottom line is once the 1.5 billion financing agreement is in the books and the money is moved to the Lux fund, many of the pending projects will start to have movement. No pink sheet stock in history can close financing like this that is why the market doesn't believe it yet. Go $PHIL
Thank you!
The last note conversion was stated in the last filing.
I know one thing for sure too. Henry would never say that. Go $PHIL