PHI Group Inc (PHIL)

[dweasel92]

Some other things I pulled out from the call:

-He wants to raise 50 million for APR in the pre-IPO sales of stock (100,000,000 x .50)

-They understand that convertible debt isn't the best for us, but thinks the ways in which the money was spent will ultimately pay us back very well

- We have a mine in Mexico (I don't recall hearing that) and we're looking into mines in Vietnam, Mongolia, and the Philippines.

-He wants APR to have as little debt as possible going forward (hence the pre-IPO sale).

-He is keenly aware that the legitimacy of what he's announcing is being questioned (and rightly so) and he is working on proving himself to investors.

$PHIL