PHI Group Inc (PHIL)

[RJ32]

Next DD... the "Urban Area" taken from 2019 10-K, page F-28, and Henry's own words during the CC.

3. DEVELOPMENT OF THE ASIA DIAMOND EXCHANGE IN VIETNAM
However, a better opportunity arose with the start of construction of the new international airport in Long Thanh District, Dong Nai Province near Ho Chi Minh City in Southern Vietnam. In December 2020, the Vietnamese central government designated 1,200 hectares of land in Bau Can village, Long Thanh District, Dong Nai Province as a new industrial zone. We have applied for 600 hectares close to the Long Thanh International Airport to develop Long Thanh Multi-Commodities Logistics Center (LMLC) which will house the Asia Diamond Exchange, the proposed International Financial Center and an Urban Area, among other things.

The CEO mentions the "Urban Area," and gives us some keys clues into this mystery project. Go back and listen to it. He's very clear what this will include and the potential of HUGE REVENUES for $PHIL.

The "Urban Area" will provide infrastructure of facilities, amenities, and services (all types of registered operating companies/entities) set up in/around the LMLC, supporting the Asia Diamond Exchange and HUB.
The CEO stated these companies combined Revenues will be huge. They have to be registered companies to be a part of this LMLC... that means to me, these companies will be paying $PHIL all kinds of fees to set up shop in this LMLC HUB. $PHIL is sponsoring and developing this Initiative (He states this in CC.) This LMLC will be the "New Growth Market" for Vietnam/Asia for the next 20-30 years. (Also stated in CC.)

After listening and watching the CEO's CC, I believe Henry has the integrity, leadership, drive, and ambition to execute his plan.
He does NOT come across to me as a phony, crooked, or even an arrogant CEO like so many in the OTC market.