PHI Group Inc (PHIL)

[N.A.T.]

You are correct. Henry has lost the blind trust we had for him back in January and February because he has not come through on the three main areas that most shareholders bought into. We trust that the entire scope of projects can all lead over time to a great end point. However pps is now tied to waiting for delivery on the "big three": Vina-film Audited Financials, Buy-back numbers, and believe it or not, the promised divy. Those three items together with getting current, drove us to almost 0.02 and waiting for these items to be addresses openly by Henry, has driven us back to where we are today. As each item gets addressed in a positive way, we will reach the highs predicted for the past year and more. I still believe Henry will get these items addressed in the not to distant future.