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Sheddoggie - Henry's timeline from signing to filing has been a week or more in some cases. I am starting to believe it is because the auditor is very slow and cannot get any filings out on time when the signing happens. Henry is eagar to inform investors about everything going on but he can't unless it is publicly released or he is discussing it in a conference call IMO. Lets use the 1.5 billion financing agreement as an example.
Go to time 26:20 in the CC below. Henry said this:
$PHIL You are cordially invited to join a conference call with Choky Simanjuntak (CYFS), CEO of CO2-1-0(CARBON) CORP at 10:00 AM EST, 09:00 PM Jakarta Oct 19, 2021. Zoom link: https://t.co/oT3hjOf29F
— PHI GROUP INC (@PHIGROUP) October 14, 2021
Meeting ID: 417 780 6661, Passcode: 205851
+16699006833,*205851# US. God bless!
Sheddoggie - Here are my thoughts in bold for what it is worth.
This kind of stuff makes me nervous. I get it but $PHIL became a different company after they launched the Lux funds. Will we be looking at the ADE website in 10 years and it will still say "coming soon"? Henry said all the ADE pieces are in place after he secures the financing so I expect it will be done in less than 10 years:)
So many opportunities and so few follow throughs. Granted Henry hasn't followed through on all the activities of all the sub funds. The Heathcare fund is a prime example with a lot going on but Henry hasn't disclosed it in a PR. I'm not counting on the BB anymore and were past the 45 days for anything to happen with 5 Grain. The tradable float isn't that big based on stock volume and price movement. This is a good indication that shares are locked up. As far as the 5 Grain deal goes it will happen. Henry didn't file for a tax id for the 5 Grain sub fund it he wasn't going to close the 5 Grain deal. The 45 day window could have gotten extended and not disclosed. Maybe Henry is going to disclose it in the filing on Monday. The $15B loan is held up waiting for a SPV to be developed so that could take days/weeks/months/years. The 1.5 billion dollar finacing agreement could take until the end of the year. It doesn't appear that Henry thinks so if he closes the definitive agreement for the construction company soon to break ground on the ADE. Facts is right, VF is comfy in the back seat indefinitely. I suspect the next few financials will show nothing but debt and an increase in share number. This is a possiblity but it appears Henry is getting rid of all the convertible notes early maybe that was a stipulation in the 1.5 billion financing agreement just a guess. We should know the answer in the filing on Monday.
Can't blame Covid for everything. Fax machines and telephones still work. Make those deals get the ink on paper and lets roll. Covid did have an impact on the Vinafilms audit in Vietnam because the auditor needed to be on site. Here are Henry's words again. To acquire Vietnam-based Vinafilms unfortunately you know we haven't been able to complete the audit for Vinafilms due to a number of reasons first the change of auditor and then when our new auditor came aboard you know he got hit with Covid he was contracted with Covid himself and was in India for quite some time and Vietnam has been going through a recent lockdown starting to open up right now so hopefully our auditor can come back and complete the audit for Vinafilms and consolidate their numbers with ours and of course things have changed quite a bit due to the Covid pandemic you know operationally and otherwise but you know we will try to complete that as soon as possible.
Interest is strong with $PHIL. $PHIL has the most MM's I have ever seen on a pink sheet stock IMO.
Just in case there were new investors looking at $PHIL for the first time.
Of course there will be a buyback, shares are locked up based on the low stock volume and stock movement. This stock trades like there is a low tradable float IMO. Since Henry wants to go to NASDAQ ASAP, he needs to buyback a huge amount of shares to make that happen. Go $PHIL
Thanks this looks new to me.
Fund Structure
PHILUX Global Funds and its sub-funds are organized in accordance with the following:
Legislation: Luxembourg Laws
Law of July 23, 2016 on Reserved Alternative Investment Funds (RAIF).
Law of August 23, 2016 on commercial companies.
Law of July 12, 2013 on alternative investment fund managers.
Regulation: Supervision by CSSF (Commission de Surveillance du Secteur Financier) of Luxembourg.
Segregation: Sub-funds or Compartments
Each sub-fund constitutes a separate pool of assets invested in accordance with the particular investment features applicable to such sub-fund. For the purposes of relations with creditors, each sub-fund is treated as a single entity. The assets of one sub-fund are only responsible for all debts, engagements and obligations attributable to this sub-fund. In this regard, if the Company incurs a liability, which relates to a particular sub-fund, the creditor’s recourse with respect to such liability shall be solely to the assets of the relevant sub-fund.
Duration: Unlimited or limited period of time.
Promotorship: Bank Initiator
Eligible Assets: Any kind of assets
Cash or Cash equivalents
Equity
Bonds
Derivatives
Investment funds
Private equity
Real Estate
Precious metals (gold, silver, platinum, etc.)
Arts
Other
Investments:
Direct
Through fully-owned specific purpose vehicles (Luxembourg or foreign holding companies).
Risk spreading: Risk diversification requirements (to be determined)/Look through accepted.
Form of securities: Shares:
Participating shares (owned by limited shareholders)
Management shares (owned by the General Partner)
Subscription:
Each sub-fund is reserved to a specific shareholder or a select group of shareholders (one family). New shareholder(s) are accepted according to the shareholder agreement with each sub-fund.
Subscription-based model.
In cash or in kind.
Subscription fees possible.
Depository: Hauck & Aufhauser Luxembourg
Administration: Luxembourg Central administration.
AIFMD Management: Delegation to AIF ManCo.
Investment Management:
The General Partners conduct the investment management with a regulated investment manager, which follows guidelines and rules fixed by each sub-fund committee.
Risk Management: Delegation to AIF ManCo.
Audit: External independent Luxembourg CSSF-regulated auditor required.
Financial reporting:
Audited annual report
LuxGAAP/IFRS
Wealth tax: Exempt.
http://www.philux.eu/fund-structure/
This number 27,705,108,673 was the OS as of 10/15/2021 they are probably just behind in updating the numbers.
Well said Pokerpro. I agree with everything you said.
Yep Pokerpro everything $PHIL does is always questioned because a Pink Sheet stock isn't suppose to be able to put out the news $PHIL does.
Pokerpro - VBG was already real and had a launch in July. They are an affiliate of $PHIL. I think the link below maybe new. I haven't looked at the website for a long time.
https://valleyex.net/
The link below is taken form the Holders link bottom right
https://tronscan.org/#/token20/TUSmKXDGBXyzdUgx7CwK9GWBF7ncorJcJn
Yep Gold, $PHIL investors will all get the news at the same time just like Henry said in the last CC.
Sure why not but then Henry can't put out PR's on Sunday's like he has done in the past LOL. Go $PHIL
Spanish English
lunes Monday
martes Tuesday
miércoles Wednesday
jueves Thursday
viernes Friday
Pokerpro - I predict $PHIL will have news on a day that has the letter "D" in it. GO $PHIL We will get the 10Q next week so that will be something to look at.
Video of ADE Promotion and Offices in South Korea. Go $PHIL
No stock gaps to worry about today that is great news. Go $PHIL
Thanks for posting it great interest rate on the 1.5 billion financing loan.
I am not sure if Rao is doing the Audit on the Vietnam side. FWIW this is what has been said about Vinafilms in a few CC's.
This was from the 4/20/2021 CC
Looks like news on this event is due soon probably next week but not Tuesday. Go $PHIL
Yep Kenny, this month is going to be a big news month for $PHIL. I think of Vinafilms on auto pilot, it will get done when the auditor has time in his busy schedule to go to Vietnam when it is fully opened up to complete the audit. The 1.5 billion financing when complete will make everything go BOOM!
Yes the CC was in October.
PHI GROUP INC
@PHIGROUP
·
Oct 14
$PHIL You are cordially invited to join a conference call with Choky Simanjuntak (CYFS), CEO of CO2-1-0(CARBON) CORP at 10:00 AM EST, 09:00 PM Jakarta Oct 19, 2021. Zoom link: https://us06web.zoom.us/j/4177806661
Meeting ID: 417 780 6661, Passcode: 205851
+16699006833,*205851# US. God bless!
This was the last update for Vinafilms that I am aware of that Henry gave in the last CC. See below link.
Henry mentioned other clients which is a broad statement. Not sure if other clients means companies he is helping to bring public or for companies he is acquiring as well. We will have to wait for the signed financing document to know for sure. Go $PHL
The only thing that is important is the tradable float which has been pretty low based on stock movement and share volume. Go $PHIL
Green is always good I will take green every day for $PHIL. The most important thing about the news today is no stock gaps since it was put out during market hours. No reason for $PHIL to go down anymore. Looks like .007 is a solid bottom IMO.
Yep it appears Henry has news he can release every week. He released news on Tuesday and Friday last week. Lets see if he will do the same this week. Go $PHIL
$PHIL News on Nasdaq! Henry needs to make sure news hits there because that is the exchange they should be on next year. Go $PHIL
https://www.nasdaq.com/press-release/phi-group-inc.-and-digital-solutions-company-ltd.-sign-comprehensive-business
$PHIL News!
PHI Group Inc. and Digital Solutions Company Ltd. Sign Comprehensive Business Cooperation Agreement to Collaborate in Technology Development
New York, Nov. 02, 2021 (GLOBE NEWSWIRE) -- PHI Group, Inc. (www.phiglobal.com, PHIL), a company currently engaged in PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” (“RAIF”), and the establishment of Asia Diamond Exchange (“ADE”) in Vietnam, today announced that the Company has signed a Business Cooperation Agreement with Digital Solutions Company, Ltd., a Vietnam-based company, to cooperate in developing technical solutions for a variety of industries, including real estate, energy, agriculture and healthcare using digital, blockchain and crypto technologies.
Digital Solutions will immediately assist CO2-1-0 (CARBON) CORP to launch the new disruptive carbon mitigation initiative in the coming weeks and also support PHI Group with technological solutions for the Asia Diamond Exchange to be established in Vietnam, as well as jointly advance a number of special projects that have the potential to create very significant value for shareholders of both companies.
Hoang Le Anh Tuan, Chairman of Digital Solutions Co., stated: “We are delighted to have reached this cooperation agreement, which will be our first step towards great achievements. Both sides share the same ideology that investing in technology in the fields of agriculture, green energy, blockchain, finance, etc. will bring sustainable benefits to society and ourselves.” Anh Tuan added: “ We also look forward to jointly building a strong foundation for financial investment and comprehensive support for potential tech startups in the world. Please wait for further news from us, it will be very soon.”
Dinh Hoang Vo, Vice President of Global Business Development of PHI Group, concurred: “It is a great pleasure to work with Anh Tuan and his highly professional and talented members. By sharing the same vision and combining our strengths and experiences, we are confident that our cooperation will yield tremendous benefits in the days to come.”
About PHI Group, Inc.
PHI Group (www.phiglobal.com, PHIL) is committed to creating long-term shareholder value by primarily focusing on advancing PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” (“RAIF”) (www.philux.eu), and building the Asia Diamond Exchange (“ADE”) in Vietnam. In addition, the Company also engages in mergers and acquisitions, invests in select industries and special situations and adopts blockchain and crypto technologies to provide innovative solutions that may potentially create additional significant value for our shareholders.
Safe Harbor Act and Forward-looking Statements
This news release contains “forward-looking statements” pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected,” which are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors.
Contact:
PHI Group, Inc.
+1-714-793-2997
info@phiglobal.com
https://finance.yahoo.com/news/phi-group-inc-digital-solutions-164000651.html
I agree. I expect to hear an update on Phivitae Health before the end of the year. Go $PHIL
https://phivitaehealthcare.com/index.html
It is basically because they know what we don't. There is a lot of information held back with $PHIL. We should know more by the end of the year.
Ok there is no doubt that the gap closed now so we can move up again. Go $PHIL
Gaps are stupid but PHIL has filled those gaps 100 percent of the time. Gaps are just a trick MM's use to tank the stock for no reason. Some gaps on big board stocks never get filled which is why $PHIL going to Nasdaq needs to happen ASAP. Lets say the $PHIL gap has filled so the stock won't go down anymore.
No, we wouldn't hear about the 5 Grain deal signing tommorrow IMO. Even if Henry signs the deal tomorrow or has already signed the definitive agreement, based on the MOU agreement below Henry has 45 days to sign the definitive agreement of he will need to extend it.
MEMORANDUM OF UNDERSTANDING
This Memorandum of Understanding, made on this 16th day of September 2021, shall set forth the guidelines and plan (the “MOU”) by and between PHI Group, Inc., a U.S. public company duly organized and existing by virtue of the laws of the State Wyoming, U.S.A. (Trading symbol: PHIL) with principal address at 2323 Main Street, Irvine, CA 92614, U.S.A., hereinafter referred to as “PHIL” and Five Grain Treasure Spirits Co., Ltd., a company organized and existing by virtue of the laws of People’s Republic of China, with principal business address at Jigu Road Economic Zone, Shulan City, Jilin Province, China, hereinafter referred to as “FGTS”.
WHEREAS, FGTS specializes in the production and sales of spirits, together with the development of proprietary spirit production processes and the possession of patented technology for growing raw materials for beverage manufacturing.
WHEREAS, PHIL is a U.S. diversified publicly traded company which owns a Luxembourg bank fund (PHILUX Global Funds SCA, SICAV-RAIF) and is engaged in mergers and acquisitions and investing in various industries, including but not limited to real estate, agriculture, energy and natural resources, healthcare and consumer goods.
The parties hereby agree to the following terms of this MOU:
1. PHIL and FGTS are parties to this MOU dated the 16th day of September 2021.
2. The MOU sets forth guidelines for further discussions and negotiations between PHIL and FGTS towards the execution of a Definitive Agreement between the parties containing representations, warranties, covenants, and indemnities customary for a transaction of this type.
3. PHIL is desirous of acquiring seventy percent (70%) of ownership in FGTS, pursuant to the price, terms and conditions herein, which will be fully delineated in a Definitive Agreement by both parties for the consummation of this transaction.
4. Subject to further satisfactory due diligence review by PHIL and discussions between the parties herein, PHIL agrees to acquire seventy percent (70%) of ownership in FGTS and provide the additional required capital for FGTS to implement its business plan. The total budget for the purchase price and the additional required capital is one hundred million U.S. dollars (USD 100,000,000), whose terms and conditions for payment will be stipulated in the Definitive Agreement.
5. Completion of the transaction will be conditioned, among other matters, upon:
(d) Upon signing of this MOU, FGTS will cooperate with and accommodate PHIL and/or its representative(s) for further due diligence review of FGTS’s business, including but not limited to its assets, liabilities, property, plant and equipment, technologies, operations, books and records, and business plan.
(e) The signing of the Definitive Agreement by the parties within forty-five days following the signing of this MOU and the closing of this transaction by December 31, 2021, unless extended by the consent of both parties in writing.
(f) The establishment of a special purpose vehicle (SPV) as the holding company for the seventy percent (70%) ownership in FGTS.
6. This letter constitutes the entire Memorandum of Understanding of the parties relating to the contemplated acquisition of seventy percent (70%) ownership in FGTS and supersedes all prior contracts or agreements with respect to those matters, whether oral or written. Each party’s rights under this MOU are assignable only with the prior written consent of the other party. This MOU and the rights and duties of the parties arising out of it shall be governed by and construed and enforced in accordance with the laws of Hong Kong.
https://www.otcmarkets.com/filing/html?id=15230369&guid=5hbwkHaUuXGGB3h#EX10-1_HTM
Henry has been announcing news within 11 days of a signing. Look at the time difference between when the Financing agreement was signed and the 8K was filed.
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.
8K filing date 10/28/2021 - 11 days after signing. In most cases news will not be come out the day of a signing unless there is a reason Henry wants it to.
https://www.otcmarkets.com/filing/html?id=15307742&guid=5hbwkHaUuXGGB3h
This PR said the contract was signed. https://www.nasdaq.com/press-release/phi-group-inc.-and-tpp-holdings-group-inked-mou-to-cooperate-in-luxembourg-real
The next filing will most likely have the signed contract attached. You will see a definitive agreement signing next week for the construction of the ADE. The financing was the piece holding everything back now the ADE news flow will start to pick up. Also Henry is making sure his PR's are on NASDAQ because that is where they will eventually end up.
Yep, I know the history and agenda. Once the SPV is setup and the financing signed and money is transferred let's see what is said next:) Go $PHIL
https://www.nasdaq.com/press-release/phi-group-inc.-and-tpp-holdings-group-inked-mou-to-cooperate-in-luxembourg-real
Once this major event happened which took over 3 years to accomplish everything changed for $PHIL
Anything that happened before the below event is irrealivent. The company is being transformed into something great.
https://www.globenewswire.com/en/news-release/2019/01/23/1704157/0/en/PHI-Group-Establishes-Mother-Holding-Company-for-Luxembourg-Bank-Funds.html
Dear Valued Shareholders, an 8-K was just filed with the SEC. This is one more step on the path of transforming the company. GB!
$PHIL Dear Valued Shareholders, an 8-K was just filed with the SEC. This is one more step on the path of transforming the company. GB! https://t.co/oYsX5RRIir
— PHI GROUP INC (@PHIGROUP) October 28, 2021