PHI Group Inc (PHIL)

[Djk0689]

New investors here is some DD

First
PPP Projects/Revenues. I'm still watching for the next meeting with the Vietnam Government to lock in the next PPP project. Henry told us he would be traveling back soon. Meetings show up a week to a week and half before they are held. The next project to be announced will be in the Go Relic area.

For those not familiar with PPP projects its similar to what we call municipals in the USA. They are Public-Private Partnerships contacts with the government to complete projects. The projects are bid and won based on competing companies. Once a project is won the company has to provide 20% cash holding for the expenses of the project. Below are projects already won. Someone can do the math on what money is tied up.
From there they have 16 months to start or raise the remaining funds. Once the project is completed they are reimbursed plus management fees for the life of the project.

In this case we are looking at things such as industrial parks, ports and housing developments for the mention projects.

http://ppp.mpi.gov.vn/en/pages/default.aspx

https://lichhop.dongthap.gov.vn/

Second
Has anyone order this report 4610 yet as it goes back 3 years?

In searching for the source of public records. I landed on the city website for records over in Vietnam on the main sub company everyone is asking about. In searching under Vinafilms tax ID I found report 4610 that can be order for a cost of $150. I'm confident Vinafilms is producing revenues and have no need to pay for this report.

Some have said Vinafilms revenues don't exist yet Vietnam websites say the revenues are over $100 mill as projected in the PR released when Phil took 51% ownership. https://www.globenewswire.com/news-release/2018/09/25/1575674/0/en/PHI-Group-Acquires-51-of-Vinafilms-JSC-with-Preferred-Stock.html

As per usual I provide the data and source links for investors to verify themselves. Anyone saying the revenues don't exist will need to provide proof of such a claim.

Henry told us on financials that we won't see it on the books until the following is done. "Company did not recognize the operations of Vinafilms JSC in its consolidated financial statements as of September 30, 2019 and will only so when a GAAP audit of Vinafilms JSC financial statements is conducted and completed by a PCAOB-registered auditing firm". The financials are in peer review and will be released as they are completed.

https://dichvuthongtin.dkkd.gov.vn/inf/Forms/Searches/EnterpriseSearchList.aspx?h=10210

Third

Buyback is highly speculated to be underway via negotiated transactions. The CEO explained on both recent CC that he is not at liberty to discuss the details of the buyback until OTC shows current. There is nothing stopping him from using brokers to gather the shares.

The brokers to date have managed to move/collect a total of 19bill shares. Buyback was to be for 15bill shares or more as needed. I feel very strongly the brokers were sucking up all the shares hitting open market these last few months. Below you can verify the data on Finra for what brokers have done and see that more are involved than before.

https://otctransparency.finra.org/otctransparency/Agreement

Also the link for the buyback. Review line D.

https://www.otcmarkets.com/filing/html?id=14587044&guid=NutpUq-5bLQsc3h