CC Notes -
1) Safe Harbor Statement... blah blah... bunch of reasons why things may or may not come to pass due to uncertainties in the future.
2) Mainly focused on bank funds and diamond exchange for the last year. The diamond exchange is still the immediate focus. Only 5 exchanges in the world. Not easy to organize. Need a constant regular supply of diamonds. Have to be able to bring the traders. Have to be able to certify the origin of the diamonds to attempt to guarantee the source of the diamonds (no blood diamonds). The team that set up the Dubai exchange is working with us to set up the Vietnam exchange. Just this ONE success will make everything else a bonus. He's spent 99% of his time and energy on this project. Hinted that normal bank loans are in play to help build the project.
3) Working with a construction company owned by the Vietnamese government. Waiting on approval to start building the exchange. Real estate will also follow as has happened in Dubai (although he knows we will never be able to compete with Dubai... he just wants a piece). Still a lot of work that needs to be done to get to the point where traders can be in. Many leading diamond companies in the world have indicated and agreed to come to the region when the exchange gets their license.
4) Had plans to repay the loans with cash. There was a mistiming in the plans due to the fact that they were not able to collect the fees and incomes that they were supposed to have. Still willing to do that but there are delays that have been experienced which led to the massive conversions (Henry = feels bad man). The plan is to be buying back a lot of shares from the open market but it has to be at the right time. There will be a press release to announce the exact timing once it's known. That is the current plan to reduce the O/S. No plans, intentions, desires, etc. to do an R/S. He wants to buy back shares and put them into the treasury. He knows an R/S is a bad idea.
5) Bank funds - Philux is the mother holding company for the Philux Global Funds under which there are several sub funds - agriculture, renewable energy, real estate and the diamond exchange. There are other commodities that they would like to get into. Should be activated in the coming weeks. This will allow the following initiatives to become a reality, namely the commodities and the buy back, etc. Consulting services is still the bread and butter. Everything else is part of his eventual umbrella but he needs the bank fund.
6) Been working with the auditing companies to finish Vinafilms audits. Should be done this month or early next month. Will be able to reflect numbers for the quarter starting March 2019.
7) SGP is still on. Still waiting for the independent valuation before the transaction is closed. They need a gap audit also for the SEC.
8) DIO thinks they're going to be the Amazon of Vietnam. According to the agreement they should have already made payment transfers but there have been delays. Payment is expected to happen this week. DIO thinks they're going to be a candidate for Nasdaq.
9) Wants to be able to retire the remaining notes but it's still contingent based on other plans, including DIO. This will lead to less shares needing to be bought back. Needs funds in order to do that. There are some agreements and some issues with timings. There will be an announcement when information becomes more certain.
10) Knows its hard to watch the stock at this SP, but he fully believes that he will complete what he has set out to do.
11) APR - Tied in with the development of the Gildex tokens. Delays due to various factors. Will eventually happen, hopefully very very soon. He has not given up on it. He just has not been able to move as fast as he has planned to, but it will also proceed. Wants to focus on the more important priorities to change the future of the company (exchange, bank funds, Vinafilms, SGP, DIO). Unknown how the massive conversion will affect the APR. He won't know until we're closer to the dividend date and hinted that the buy back will take place prior to the dividend release however he will announce for sure via press release before it happens. The dividend distribution is supposed to consist of freely tradable shares which has to wait for registration with the SEC.
