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Tuesday, May 21, 2019 11:55:35 AM
LINK https://www.otcmarkets.com/filing/html?id=13443475&guid=IzJyUp5FeAZ2yth
Short term notes payable $370,000 payable. Average discount is 45%. Future dilution possible 6.7 billion shares from these notes.
Marketable securities are the ownership of SPBV (292,050,000) and MYSN (32,900,106) shares. These shares are freely tradeable. If these start trading and become liquid the funds will be used to pay notes in cash.
RAIF fund information
TV (initial investor to RAIF fund set up) put in $1,212,159 and has $697,000 left to add. This money is part of the set up costs for the RAIF Fund.
European Plastic Joint company is putting in 2,000,000 which was amended down to $1.8 million to an energy sub fund. They have already given PHIL $800,000 of that 1.8 million.
Saigon Pho Palace (NOT DEAD DEAL) is putting in $2,000,000. KEEP THIS IN MIND. They added $200,000 to a sub fund During December 31 Q and $150,000 Q ending 03/31/19. This is STILL ACTIVE! $1,650,000 is left for Saigon pho to add. Also the consulting fee has not been paid to PHIL to take Saigon publicly traded. This consulting fee will go toward buyback or paying notes in cash.
So you can see there are millions sitting in the RAIF fund waiting for deployment. $950,000 alone was put in just in March 31 Q.
Vinafilms or (American Pacific Plastics) still has not finished the final audit. Now it is expect to be consolidated into PHIL this Q. Hoping for the best.
Couple other notes::::
Share Buyback
Link below.
https://www.otcmarkets.com/stock/PHIL/news/PHI-Group-Inc-Announces-Stock-Repurchase-Program?id=222449
Details of Repurchase:
a. Class of shares to be repurchased:Common Stock of PHI Group, Inc.
b. Total number of repurchasable shares: 5.3 billion shares, or more as may be needed.
c. Total repurchase amount: To be determined by prevalent market prices at times of transaction.
d. Method of repurchase: Open market purchase.
e. Repurchase period: April 15, 2019 to March 13, 2020.
APR stock dividend::
On March 01, 2019, the Company passed a resolution extend the Record Date to May 31, 2019 and keep the Payment Date for the distribution of the special stock dividend to be ten (10) business days after a registration statement for said special stock dividend shares is declared effective by the Securities and Exchange Commission.
Diversified's Pennie$
Recent PHIL News
- Form 8-K - Current report • Edgar (US Regulatory) • 07/09/2024 12:54:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 10:05:18 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 09:15:31 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/14/2024 08:30:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 05:29:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 03/11/2024 10:05:47 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 12:34:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/26/2023 03:00:09 PM
- US Airforce Contract Awarded to Epazz, Inc. (OTC Pink: EPAZ) • InvestorsHub NewsWire • 12/14/2023 11:48:21 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 08:40:50 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:15:52 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/13/2023 09:33:15 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 08:10:38 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/28/2023 08:30:15 PM
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