PHI Group Inc (PHIL)

[Diversified]

Conference call recap

The A/S raise to 4,000,000,000 was done for contractual agreements only. No plans for any of them to hit the market. Obviously we have short term notes that have been put into place already.

7 potential dividends coming in the next 12 months or so. Plans are to have PHIL holders gain dividends into APR, Vinafilms, SGP and there are 4 more deals in the works that Henry is working on. These 4 he plans to offer dividends as well.

Vinafilms is producing Revenue and since we closed this deal in this Q PHIL will show many revenues on next Q report. If SGP closes on 11/30 this company will also show many revenues and the balance sheet should be much different and much better. Both companies are going to be appraised by Grant Thornton.
https://www.grantthornton.co.uk/services/advisory/specialist-international-services/south-asia-group/

Over the last few months the plan was to have the RAIF Fund released and there are agreements for partners to invest cash into the company that was supposed to eliminate the toxic notes. There have been delays and now it is considered bad timing. In the near future the plan is still to pay notes in cash and the good possibility of a SHARE BUYBACK INTO OPEN MARKET

It seems the reason for the change in dates for APR dividends was some company delays and possibly FINRA delays as well. I couldn't understand it very well.

Henry mentioned how PHIL had a 150,000,000 market cap and how he took (Can't remember the name RED44 knows) into a separate public company that ended up being a 100,000,000 company.

Henry said his goal is to take PHIL to Nasdaq and with Vinafilms, SGP and RAIF Fund he thinks we will get there. He also said PHIL is not the company to make a quick buck.

In my conclusion: I am so intrigued by the recent developments. I hate seeing my account in BIG RED figures, but we have to look at where we are at right now. We finally have an audited profit generating company in the books and another one that should be closed in a week or so. Keep in mind SGP is putting $2,000,000 into the RAIF fund as well. I think the RAIF fund is much better than an actual hedge fund. Sub funds can be created into unlimited avenues. I am working on adding another 5,000,000 shares or so to bring my total to 10,000,000 shares or almost 5% of current float.

It seems many communications are on the way and soon. That's it for now.
He stated the fact he took salary shares for much much higher than we are now and he is confident we can get back there.