PHI Group Inc (PHIL)

[Scapes]

PM’s

I’ve received several PM’s lately and I appreciate you guys reaching out. Unfortunately, I don’t have much to add besides what’s already been discussed on the board thus far. Financials are the critical component we are all waiting on and they should be completed by the end of the month along with other news.

I should point out that I have a long-term (3-5 year) perspective of this company so my views often differ from many on this board. It seems the overall sentiment at the moment is that the company will soon be delisted or disappear any day. I’m not saying that can’t happen but, in my opinion, there is very little chance of that actually occurring.

However, if that is your view, I completely understand where you are coming from, in which case you may want to consider reducing your holdings or liquidate your position completely. I would if I believed that was the case. Rather I believe the opposite is true. In my opinion the worse is behind us and every week seems to unveil even more opportunities than the one previous. While PHIL only makes up a small percentage of my overall portfolio, I am not concerned about losing any money whatsoever.

Frankly, I can’t understand why some folks are so grim and discouraged about the company. A lot of progress has been made recently despite much adversity and there are many impressive developments in the works involving some highly influential businesses and governments which will soon be realized.

Keep in mind, once the financials are published and the PPS is climbing, the frustrations will all be forgotten.