PHI Group Inc (PHIL)

[dweasel92]

3 days ago he released a PR stating a 51% ownership deal of a company he believes will have 150 million in revenue by year end 2019. What we're missing, or overlooking, is that Henry actually named the company, Vinafilms. Henry has been so cautious in the past about this kind of stuff, I'm confident this is a done deal.

The other deals he's working on are all ground-up infrastructure deals (ComMatrix, diamond exchange, the construction company (can't remember the name and I can't research well on my phone) ). These things take large upfront capital expenditures, hence the share selling, either by him to get funds, or as a way to secure the deals, it doesn't really matter, he needs the capital to make it happen.

I'm personally glad APR revenue, isn't being used to pay for it, we want that strong when it starts out, which will help everyone that will be getting those shares.

If you honestly think you're being lied to intentionally, then you're probably in the wrong stock. I believe he's making decisions that will help his company (and us) long term, so I'm still here waiting and watching. I do wish he'd come out and let us know what's going on more thoroughly, but as those on the last call can probably attest to, public speaking isn't exactly his strong suit, so he's probably apprehensive.

As always, just my opinion. $PHIL