PHI Group Inc (PHIL)

[DeafTrader2]

Do anyone can elaborate this statement found in today's 8-K filings. ?




(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?


[X] Yes [ ] No



If so, attach an explanation of the significant change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.



The results of operations of the Company for the fiscal year ended June 30, 2020 are expected to include the operating results of Vietnam-based Vinafilms Joint Stock Company, a reasonable estimate of which cannot be made until a GAAP audit of Vinafilms is completed by a PCAOB-registered accounting firm.