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We do know HAJ Finance group is very thorough in the evaluation of companies they invest in.
Our Investment Strategy
We believe long-term investment success stems from spotting underlying value, not market timing or gimmicks. We strive to avoid being distracted by the latest investment fad or apocalypse du jour. Instead of reacting to every short-term movement of the market, we focus on implementing our process. It isn’t hard to decide to invest according to the fundamentals. What’s hard is sticking with it. After all, markets rise and fall. Events happen in the world and in our lives. Hot tips get traded at the club. And even the most experienced investor can be swayed from the course. At Haj Finance Group, we have spent years developing processes that help keep us focused on long-term strategy. Because there’s no magic that creates a successful investor – it’s about experience, diligence, and attention to detail.
Whether it was timing, your work and due diligence or structuring, your successes were born from an idea. Haj Finance Group, we are also driven by ideas. Through technical knowledge and understanding to execution, we turn investment ideas into reality. But we not only work to understand market trends, but you as well. We believe in a relationship that actively engages you. Managing market conditions, portfolio expectations & risks – we at Haj Finance Group strive to prosper with you. This is possible by nurturing a team of astute and technically sound account managers & financial personels. A team grounded with a high sense of responsibility dedicated on earning your trust. Our approach is simple. You.
Since we’re not chasing the next big thing, we disregard short-term market noise and speculation. Instead, we focus on stamina and expertise. Disciplined analysis. Back-testing our assumptions. Selecting money managers with sector strength and the proven ability to deliver long-term results. Of course we closely monitor market movements and stay abreast of changing conditions. But we count on the checks and balances built into our processes to help detach human emotion – especially fear and greed – from our investment decisions and yours. It’s another example of Behavioral Wealth Management in action. Your requirements and objectives are unique to you, and a “one size fits all” service is probably not what you seek. At Haj Finance Group, we tailor our services to your needs and help you develop a comprehensive wealth management solution.
https://hajfinancegroup.com/our-strategy/
We also know they have invested in Vietnamase companies in the past.
Completed and Ongoing Projects
Clean Energy: Ongoing Clean Energy project at Madrid, Spain $89 million USD
Solar Plant: Solar Plant farm at Cape Town, South Africa $43 million USD
Gas Pipeline : Transcontinental Gas Pipeline laying, Kiev, Ukraine $105 million USD
Hydro Pump Storage Power Plant in Tunisia $105 million USD
Mexico 4 facilities-Purchase of Mexican grown tomatoes, rice, vegetables, fruits, sugar, corn, beans, flour: $500K to $8 million USD
USA 4 facilities-Importation of US grown corn, rice, beans, almonds, pistachios, sorghum: $2 million to $27 million USD
Vietnam 2 facilities-Importation of rice from Vietnamese and Hindi brokers: $750K to $6 million USD.
Gasoline 3 facilities-Direct purchase of gasoline from Pemex to service gas stations: $5 million to $6 million USD
Diesel 1 facility-Purchase of diesel tank refueling from a Mexican Diesel broker: $400K USD
Marine diesel 1 facility-Purchase of Mexican marine diesel for a vessel fleet: $10 million USD
Polyethylene 6 facilities-Purchase of polyethylene from a Mexican dealer of Pemex by-product: $200K to $6 million USD
Soon PHI Group Inc. will be on this page. Go $PHIL
https://hajfinancegroup.com/projects/
Pokerpro - I rather Chokey do the multiple round house kicks for Henry since he is the Martal Arts expert:) Go $PHIL
This is BIG to not have to pay on the financing agreement for 3 years.
I already confirmed this.
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
Yep Kenny, it confirms the Asia Diamond Exchange will be big. These investors know what a Diamond exchange looks like. From the last PR.
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).
and today's 8K
tem 8.01 Other Events.
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.
Here are the details.
https://www.justice.gov/usao-sdny/press-release/file/1444651/download
Yeah it wouldn't have ended well. Since we didn't really go up much, maybe the floor is higher now. Time will tell.
The PR today never hit IHUB.
He was also on $PHIL at some point.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164279336
Good catch. Henry just gave a pretty big signal there. Go $PHIL
Thanks northernwind. Looking forward to more news soon for $PHIL based on what Henry said at the end of the last CC.
I saw these White papers for the ADE. I believe they came from the Korean Asia Diamond Exchange Site.
https://twitter.com/john2030go/status/1452132053156200449/photo/1
https://twitter.com/john2030go/status/1452131813212581889/photo/1
The screens shots from the above links are below.
Masterfeldan provided some great DD about the launch that will happen on Monday, he put it on ST. He is basing it on how the beginning Gildex coin launch went awhile back. Again what has been posted, "this coin is not for US investors" and that info is 100 percent accurate. Ok here is the info.
$PHIL
As a reminder... don't expect to buy ADE tokens until they get listed on Coinbase and Binance in January. The 1st and 2nd round sales, beginning next week, are not for US investors.
It wont be listed until Jan. Its probably being done on a website as opposed to an exchange. Thats how it was with Gildex when it was "launched".
EAR1234 Friday, 10/22/21 08:09:59 PM
Re: Cordova1947 post# 89171 0
Post #
89173
of 89246
Weren’t you just saying earlier this week how Henry is a scumbag and does nothing constructive?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166478823
Cordova1947 Friday, 10/22/21 08:12:14 PM
Re: EAR1234 post# 89173 0
Post #
89175
of 89246
Yes, but one has to pick their fights and be smart about it. When one knows the scumbag ways, then one uses scumbag techniques to make money using his scam.
Has Henry heard the above? Go $PHIL
https://investorshub.advfn.com/boards/replies.aspx?msg=166478823
In Henry's conference call he said an ADE update will be coming soon.
Here is the transcript I just did from that Conference call.
I never saw a link to an ICO for the ADE. One is probably not needed since according to the last CC Henry has everything he needs to start the Asia Diamond Exchange and the first thing he will need is a lot of money so he probably has the funds needed to launch the ADE. Here is what he said in the last CC.
Sounds good. GO $PHIL
I am reaching a little bit here but go to 1:11:13 in the CO2-1-0 conference video below and listen to the ADE part. Henry mentioned that they were planning to already announce the ADE but it got delayed and he will announce it soon. Henry knew about the Korea launch that is probalby why he mentioned ADE first.
Remember this 8K. Maybe the company below is behind the Coin Lauching in Korea.
1. Asia Diamond Exchange, Inc. and the Asia Diamond Exchange.
The registrant has formed ASIA DIAMOND EXCHANGE, INC., a Wyoming corporation, Registration Number 2021-001010234, Employer Identification Number 87-2893358 as a subsidiary of PHI Group, Inc. to develop and establish the Asia Diamond Exchange (“ADE”) within the envisaged Chulai Multi Commodities Center (“CMCC”) in the Free-Trade Zone of the Chu Lai Open Economic Zone, Tam Quang Village, Nui Thanh District, Quang Nam Province, Vietnam.
The ADE and CMCC projects will be carried out by Asia Diamond Exchange, Inc. in conjunction with other international partners and participants, including PHILUX Global Funds SCA, SICAV-RAIF, a Luxembourg bank fund, 1c rue Gabriel Lippmann, Munsbach 5365, Luxembourg and Gold Block Mining Co., Ltd., 4F, 143 Teheran-ro, Gangnam-gu, Seoul, Republic of Korea.
https://www.otcmarkets.com/filing/html?id=15258732&guid=gsMwkeIQNua7B3h
Yeoksam Station Exit 3 PHI GROUP ADE Token
Asia Diamond Exchange Outdoor advertisement is out, so please pay a lot of attention......
https://band.us/band/72554814/post/90
**** CO2-1-0 (CARBON) Presentation uploaded by Henry *******
Direct Link
FYI - Henry recorded yesterday's CC and will post it. Not sure when it will happen. Go $PHIL
You may have to wait until next month when the 2022 Q1 is filed to know how those shares were acquired. It should be in the subsequent events section.
From the 10-K
From July 01, 2021 through October 11, 2021, the Company issued/cancelled the following amounts of its Common Stock:
A. Total Common Stock issued: 1,860,102,837 shares, consisting of:
- 103,279,112 shares for conversion of $500,000 loan.
- 222,823,725 shares for $1,113,465.34 accrued and unpaid salaries.
- 1,534,000,000 shares for consulting services.
B. Total Common Stock cancelled: 236,263,059 shares, consisting of:
- 784,249 shares cancelled from the amount of shares previously issued to Luan Ngo for conversion of note.
- 235,478,810 shares cancelled from the total amount of shares previously issued to PHILUX Global Funds SCA, SICAV-RAIF for initial capitalization.
Today's form 4 could be for converted salary to shares remaining.
NOTE 16 – RELATED PARTY TRANSACTIONS
The Company recognized a total of $247,500 in salaries for the President, Chief Operating Officer and Secretary of the Company during the year ended June 30, 2021.
https://www.otcmarkets.com/filing/html?id=15279481&guid=6IZwkKlIbREOB3h
Seems like Henry wants as many shares as he can get before the end of this month when the Five Grain Definitive agreement should be signed. Go $PHIL
It looked like the CC was recorded by Henry. Also, sounded like more news soon. We also have a timeline when the Carbon Token will launch. Also, it seemed that the ADE token won't be far behind. I also believe I heard there will be like 150 projects associated with the token to start. IMO it was a very good presentation on what the Carbon token was all about. Go $PHIL
Of course the definitive acquisition agreement will be filed with the SEC. $PHIL is an Sec compliant company it has to be filed just like all their other signed documents.
Here are two $PHIL Charts using basic moving averages.
SMA Moving Average above notice how this average never got broken for many months so it is a strong support indicator.
The EMA Moving Average has been broken before and it is current support. If the stock does drop in the .005's, I would expect a lot of buying to hit in the low .005's. I don't see the stock breaking the SMA 200 moving average .005 support line. There are just too many upcoming catalysts for that to happen IMO.
The Five Grain Definitive Agreement could be signed before the 45 day window is up. The wording says within 45 days.
Item 1.01 Entry into a Material Definitive Agreement
On September 16, 2021, PHI Group, Inc. entered into a Memorandum of Understanding with Five Grain Treasure Spirits Co., Ltd. (“FGTS”), 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, 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 a Definitive Agreement to be signed by both parties after satisfactory due diligence of FGTS by the Registrant.
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.
Completion of this transaction will be conditioned, among other matters, upon:
(a) 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.
(b) 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.
(c) The establishment of a special purpose vehicle (SPV) as the holding company for the seventy percent (70%) ownership in FGTS.
https://www.sec.gov/Archives/edgar/data/704172/000149315221022965/form8-k.htm
Why do I think it could be signed sooner?
You don't apply for a Tax ID for a company you may not acquire. The Due Diligence was probably completed and the signing of the Definitive Agreement could happen shortly after the 10-K is filed. This is just a guess but it seems logical.
Name Change of PROVIMEX, INC. to EMPIRE SPIRITS, INC. as the holding company for the acquisition of Five Grain Treasure Spirits Co., Ltd.
The registrant has reinstated and changed the name of its subsidiary PROVIMEX, INC., a Nevada company incorporated in September 2004, to EMPIRE SPIRITS, INC. and has obtained a new Tax Identification Number for this entity. EMPIRE SPIRITS, INC. will serve as the holding company for the acquisition of Five Grain Treasure Spirits Co., Ltd., a baijiu distiller in Jilin Province, China.
https://www.sec.gov/Archives/edgar/data/704172/000149315221024445/form8-k.htm
You have a great weekend as well. You could be right about this.
Today but not by e-mail so maybe that was the difference.
Henry has been responding to messages but only certain ones. If you ask questions about the 10-k, revenues or timing of news you probably won't get a response. All I can say is I have talked to Henry for a long time and this is the most confident I have seen him based on replies I received. I would say just follow the documents he filed recently to see if $PHIL is making progress. There were a lot of sub companies that have been activated recently and many Tax ID's assigned. You don't file all those documents if nothing is going on.
That is a very good observation:) Go $PHIL
Here is the info on the last $PHIL CC it had a lot of company info maybe to much:)
PHI Group Conference Call Sept 17 2021 Transcript
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165977993
The last Zoom call was fine as long as Henry blocks everyone and stays on topic there shouldn't be any issues with the Zoom calls IMO. Go $PHIL
Hi Pokerpro, thanks looking forward to what Henry has to tell us soon about all the progress he has made. Based on all the sub company updates recently, he probably has to tell us a lot. Go $PHIL
Yep, I agree. I think your train is headed to many impressive stops where money will be flowing. This is the main section I am interested to see in the 10-K. Looking to see if money entered the lux funds since the last filing.
NOTE 16 – CONTRACTS AND COMMITMENTS
1. BUSINESS CONSULANCY AND STRUCTURING AGENCY AGREEMENT TO SET UP INSTITUTIONAL BANK FUNDS IN LUXEMBOURG
On November 30, 2017, the Company signed an agreement with a structuring agent and legal experts to set up a bank fund in Luxembourg in order to provide financing for the Company’s and its clients’ projects.
The Reserved Alternative Investment Fund (RAIF) can be established under the form of common funds (“FCP”), investment companies with variable capital (“SICAV”) or under the form that does not have to have the legal form of a SICAV or an FCP. There will be no restriction in terms of eligible assets. RAIFs are free to introduce any kind of assets and financial instruments in their investment policy. According to the Luxembourg Law of July 12, 2013, RAIF’s must entrust their assets to a Luxembourg custodian bank for safekeeping and must appoint an approved statutory auditor.
One of the distinctive advantages of RAIF is that it may have various sub-funds, each corresponding to a distinct part of the assets and liabilities of the RAIF. As such, sub-funds can be established under a RAIF umbrella to target different investment opportunities in a variety of industries as desired.
On February 21, 2018, the Company signed an amendment to the Business Consultancy and Structuring Agency Agreement to be solely responsible for all the costs of Euros 3,500,000 associated with establishing the RAIF. On October 4, 2018, a Payment Agreement was signed by the structuring agent and the Company calling for an extra amount of Euros 1,500,000 to be paid to the structuring agent. The master Luxembourg RAIF fund named “PHILUX Global Funds SCA, SICAV – RAIF” was registered and activated with the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) on June 11, 2020, Registration No. B244952.
2. ACQUISITION OF 51% EQUITY INTEREST IN VINAFILMS JOINT STOCK COMPANY
On August 06, 2018, signed a Business Cooperation Agreement with Vinafilms JSC (Công ty C? ph?n Màng Bao Bì Tân Vinh Nam Phát), a Vietnamese joint stock company, with principal business address at Lot G9, Road No. 9, Tan Do Industrial Zone, Duc Hoa Ha Village, Duc Hoa District, Long An Province, Vietnam, hereinafter referred to as “VNF” and its majority shareholder, to exchange fifty-one percent ownership in VNF for Preferred Stock of PHI. According to the Agreement, PHI will be responsible for filing a S-1 Registration Statement with the Securities and Exchange Commission for American Pacific Plastics, Inc., a subsidiary of PHI that holds the 51% equity ownership in VNF, to become a fully-reporting public company in the U.S. Stock Market.
On September 20, 2018, a Stock Swap Agreement was signed by and between Ms. Do Thi Nghieu, the majority shareholder holding 76% of ownership in VNF, and PHI to exchange 3,060,000 shares of ordinary stock of VNF owned by Ms. Do Thi Nghieu for 50 million shares of Class A Series III Cumulative, Convertible, Redeemable Preferred Stock of PHI. Though this transaction was technically closed on September 28, 2018, the Company did not recognize the operations of Vinafilms JSC in its consolidated financial statements as of March 31, 2021. However, it intends to combine Vinafilms’ operating results when GAAP audits of Vinafilms JSC financial statements are conducted and completed by a PCAOB-registered auditing firm.
3. AGREEMENT WITH TECCO GROUP FOR PARTICIPATION IN PHILUX INFRASTRUCTURE FUND COMPARTMENT OF PHILUX GLOBAL FUNDS
On August 10, 2020, Tecco Group, a Vietnamese company, signed an agreement with PHI Luxembourg Development SA, a subsidiary of the Company, to participate in the proposed infrastructure fund compartment of PHILUX Global Funds SCA, SICAV-RAIF. According to the agreement, Tecco Group will contribute $2,000,000 for 49% ownership of the general partners’ portion of said infrastructure fund compartment. As of August 13, 2021, Tecco Group has paid four billion Vietnam Dong (USD 156,366 net) towards the total agreed amount.
4. AGREEMENT WITH PHAT VAN HUNG CO. LTD. FOR PARTICIPATION IN PHILUX REAL ESTATE FUND COMPARTMENT OF PHILUX GLOBAL FUNDS
On November 09, 2020, Phat Van Hung Co. Ltd. signed an agreement with PHI Luxembourg Development SA, a subsidiary of the Company, to participate in the real estate fund compartment of PHILUX Global Funds SCA, SICAV-RAIF. According to the agreement, Phat Van Hung Co. Ltd. will contribute $2,000,000 for 49% ownership of the general partners’ portion of said real estate fund compartment. As of August 13, 2021, Phat Van Hung has not made any payment towards the agreed amount.
5. AGREEMENT WITH XUAN QUYNH LLC FOR PARTICIPATION IN PHILUX INFRASTRUCTURE FUND COMPARTMENT OF PHILUX GLOBAL FUNDS
On November 20, 2020, Xuan Quynh LLC, a Vietnamese company, signed an agreement with PHI Luxembourg Development SA, a subsidiary of the Company, to participate in the proposed infrastructure fund compartment of PHILUX Global Funds SCA, SICAV-RAIF. According to the agreement, Xuan Quynh LLC will contribute $2,000,000 for 49% ownership of the general partners’ portion said infrastructure fund compartment. As of August 13, 2021, Xuan Quynh LLC has not made any payment towards the agreed amount.
6. INVESTMENT AGREEMENTS AND MEMORANDUM OF UNDERSTANDING
From August 24, 2020 to November 11, 2020, the Company through its Luxembourg bank fund mother holding company PHI Luxembourg Development SA and PHILUX Global Funds SCA, SICAV-RAIF has signed investment agreements and memorandum of understanding with three non-US entities for total investments of more than one billion U.S. dollars. However, as of the date of this report, the Company has not received any money from these investment agreements and there is no guarantee that any money will be received from these agreements and memorandum of understanding in the future.
https://www.otcmarkets.com/filing/html?id=15216120&guid=arJwkqiHU8Gtuyh
Sure thing Kenny I didn't want the alternative to happen. IMO when Henry starts announcing stuff many are going to say all this scope of work is worthy of a Nasdaq listing and Henry may agree with that:) We just have to get through the 10-K and move on from there.
Thanks MasterFeldan. I figured $PHIL is going to be starting a new phase soon so why now:) I call it the Big Board Type News Phase:)
$PHIL - All is good, and all is done for the benefits of shareholders and this isn't my opinion(hint). We may have to wait until the 10-K is released to know more about why the unrestricted shares increased. I put my trust in Henry just follow all the documents he has released recently as well as all the restricted shares he has converted from salary and loans owed and it is easy to know where this stock is headed long term. Insiders don't just increase their stake in the company if things aren't going well.