PHI Group Inc (PHIL)

[KYCats]

Believe it or not, I try to be objective as possible. Based on the very public PR of the activation of the funds that included numerous big name companies, I would assume those companies would have came out with clear statements against their involvement and the activation in order to save their reputations if the announcement was false and it is a scam. That does not mean they are funded with tons of money, and that will not be decided until we have proof. It is my understanding that 2.5 million euros can activate a RAIF fund. However, based on the partner bank involved, it seems unlikely it will not be ultimately funded with a substantial amount. I have waited to see if any of those in the PR would post a statement to the contrary. If anyone finds one, please post it. Otherwise, no matter what happens now, this is one major accomplishment Henry has now finally completed.