PHI Group Inc (PHIL)

[saving_ryan]

Hi, unfortunately this list of PHI Group securities does not mean anything. My wife is an EY auditor and we have to submit our independence every quarter. EY has a database of ALL securities, mortgage companies, financial institutions, etc.

If you’ll notice the green shield and check mark on the right that stands for Permissible Security, all this means is that EY employees are allowed to invest in PHIL. If PHIL was a client of EY then this would be the red CP sign and employees (myself included) would not be allowed to invest in PHIL.

As I’ve said in the past, EY is very likely auditing/peer reviewing certain aspects of PHIL subs and the Lux fund, but they are not directly involved in auditing PHIL. They are very strict and I can guarantee I would not be allowed to invest if they were.