PHI Group Inc (PHIL)

[rogers1906]

Today we had so many unprofessional investors/shareholders on the call. Here are a few takeaways I noted:

1. We are fully current.
2. The buyback is extended to December. While the company wants to see the price increase for shareholders they intend to buyback as many shares as possible. Henry D Fahman could not say how many have been bought back due to the sensitivity of the matter, however in a few weeks the company will post the first blocks of purchases on the books.
3. The dividend will happen and it will be more than just APR. PHi Group has to establish more value in the APR with the growth and mining in the north west.
4. Vinafilms has an internal auditor working on reporting finances, expect more information to come later.
5. A new bank has been established for the ADE. We have 1 billion in diamonds and the biggest international diamond professionals working with the ADE.
6. The Vietnamese government has given PHI Group the full support.

-Sidebar this week May be rocky, yet the “W” in the chart indicates a bullish trend coming. Load up on shares this week. We still have a ride to go that will still have us riding high in the future.