PHI Group Inc (PHIL)

[Djk0689]

Update: PPP is the problem. The PPP has been under renegotiation all month. Henry confirmed he is working on a PPP. I know I said I would not post to the board until financials are released but it was agreed upon this needed to be posted.

It would seem Henry is brokering deals with 3 other companies. If we take 3-4 projects bided and won yearly that would give us 44 deals in the works over the next 10 years. This would support Henry statement on the last CC that this is a longer-term investment.

Here is a recent article if your unaware of what PPP is.

https://www.vir.com.vn/minimum-ppp-capitalisation-rules-up-for-debate-78946.html

You can go on the VN Government website and see all the PPP projects listed. There is over $460billion in USD projects that need to be done. These projects also require international investment and has to provide financials.

Here is a link to the PPP projects already completed and you can dig around but the website is slow to come up and use.

https://pppknowledgelab.org/countries/vietnam

Since Henry is tied to 44 projects under PPP per his PR posted in August it would seem this is the issue.

Henry has 25 billion in contracts he is working on under PPP if my math is correct when checking these projects.

Henry can explain all of this to his investors why he has not posted financials. Some PPP’s are pledged and some are won via bid from what can be verified. Henry has to bid/win and is required to have capital holdings and international investment.

The 44 projects that are slated in the PR are no small undertaking. If each project is around $500 million you get to a 25 billion possible projects. Keep in mind there is cost for materials, labor and other items before profits.

It’s all on the VN Government website. This goes back to 2017 forward for these projects totaling $460billion+ USD needed for VN.

I will release the documents here soon if Henry continues to drag his feet. I found some of the contracts. I researched what it takes to do a PPP and financials would be required from what I can gather. Henry swears financials are not done but will be done by end of this month.

From PR August 2020
Source link
https://www.otcmarkets.com/stock/PHIL/news/story?e&id=1666747

Various expressway projects are planned and underway to improve connectivity within major cities. Similarly, development and upgrading of urban utilities infrastructure are announced and there are 44 planed PPP projects with total investment value worth up to US$ 120 billion in the road and power sectors.


Another segment of Henry PR matches the 2017 article I found.

Article from August 2020 PR:

As one of the fastest growing economies in ASEAN, Vietnam is currently demanding for more foreign financial investment and technical assistance to narrowing its infrastructure gap. According to the Global Infrastructure Outlook, Vietnam requires an investment of US$605 billion to meet 83 per cent of its infrastructure goals by 2040. Among the sectors that have been given utmost priorities are the urban transportation, road & rail and port infrastructure.

Article from 2017 from Vietnam government needs. There are many of them. These projects will be on going until 2040.
https://www.vietnam-briefing.com/news/infrastructure-vietnam.html/

“Infrastructure investment forecasts

According to the recent G20 Global Infrastructure Outlook 2017 report, Vietnam will be able to meet 83 percent of its infrastructure needs by 2040, if it maintains its current investment trend. The country will require US$605 billion for all infrastructure projects across all sectors, while according to current trends; investments will reach US$503 billion; an investment gap of US$102 billion.”