PHI Group Inc (PHIL)

[Djk0689]

Eng62 Have you 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.


"Vinafilms, a profitable privately-owned Vietnamese company that has been in business for more than thirteen years, has recently installed a German state-of-the-art processing system and plans to add two more of these to meet the growing market demand as well as engage in a joint venture with another local plastic manufacturing company. The combined revenues from these operations should surpass $150 million per year by the end of 2019. PHI Group’s management believes the acquisition of Vinafilms, expected to close by September 30, 2018, will enable PHIL to upgrade to the Nasdaq Stock Market in the very near future."

https://www.globenewswire.com/news-release/2018/08/06/1547450/0/en/PHI-Group-to-Qualify-for-Nasdaq-with-Acquisition-of-New-Vietnamese-Plastic-Manufacturing-Company.html