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Tuesday, August 13, 2019 12:19:42 PM
Based on Luxembourg Law there are guidelines for the MASTER FUND to be fully funded in a Luxembourg custodian bank. They also need to appoint a statutory auditor. These are guidelines for fund ACTIVATION. I believe today PHIL is completing the cash requirements for funding the Master fund. Once this gets released all the subfunds will be activated.
Here are the terms for actual RAIF MASTER Fund to be activated. These quotes below are directly from the filings.
It all started on 11/30/2017. The time I bought my first shares.
The highlight above is saying for the fund to be activated 5,000,000 euros needs to be deposited into the Luxembourg master fund. Or $5,600,000 U.S. Dollar. Today's Euro is $1.00 Euro = $1.12 U.S. dollar.
See investor below. I believe (Thanh Vu) is contributing the remainder today into the Master fund.
This is not in the filings, but obviously Henry and PHIL have taken just over 1.1 million U.S. dollars in exchange of the dilution we have seen. Henry also took out a second mortgage that is in the filings and he confirmed to me that all or most of this money has been put into the Master fund as well.
DIO Group payments along with Vinafilms and other sub funds are going into the sub funds, not the master account.
See quote below on DIO Group. There is money coming from others rather than just DIO Group. All investing in their sub funds to get a sworm of subsidiaries moving and operational along with APR!!
Diversified's Pennie$
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