PHI Group Inc (PHIL)

[gemmerling]

EGC Q and A with Henry Transcript

The Emerging Growth Q and A with Henry.

Question: Where do you see your company in a year from now? What could be your company market worth 12 months from now?

Answer: I don't think it is the right time to share that information yet. The reason being is we have a lot of work that is underway right now. When we are current and fully reporting in several weeks from now in May maybe we can come back and share that story. Because a lot is underway. We are waiting to have an official press conference on the international level to announce a Big Big project. Even at our shareholder conference in the past few weeks we never mentioned that. We intentionally decided not to mention that.

Question: Is there a timeline for getting current?

Answer: Yes, we believe in several weeks. Initially we were hoping to do it by the end of this month. Honestly especially for our long term shareholders of PHI Group I sincerely apologize to you. Sometimes I am over ambitious and eager to see it happen and often said it would happen in 2 weeks. I better keep my mount shut and try to finish it first and say guys its done. I believe it is very short. Our auditor is reviewing the Q's right now and we expect to file them hopefully this week if not next week. Then we will be caught up with the 10-K for FY 2020 and then be current with the rest of the reports sometime in May. We will be current for sure very soon.

Question: Henry how many shares do you own?

Answer: I don't own a lot of shares. I bought shares when they were a very high price some at even 3 dollars and sometimes 35 and 37 cents. I put most if not all of my money into the company. I will own a lot more shares just not right now. I have other priorities to do. I have to execute my job first. Get it done first.

Question: Do you plan on a reverse split for the up listing?

Answer: That's a good question Anna. I try not to do that and some of our long term shareholders will be very unhappy and at all possible I don't want to do that. Only when it makes real bullet proof sense that all shareholders will benefit. Because most of the time Anna when we do a reverse split very soon it goes back to the original price if there is nothing major that accompanies the reverse split that is why I am very hesitant to do that. Unless it is justified for example if what we are doing is worth several billion dollars then it is a different story but it is too early I don't even want to discuss that right now.

Question: Have all of the debt holders converted and if not how much is left to convert?

Answer: I would say very minute. Maybe 95 or 98 percent have converted but there are some creditors in the company not investors they have chosen to convert to but that is very small in comparison to what the convertible note holders have done.

Thank you Henry we have a lot more questions for you and we are going to send them directly to you so you can answer to all of our viewers out there but thank you for such a through presentation we appreciate you.