PHI Group Inc (PHIL): Well first they have not received 1.5 bi...

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Re: irka post# 89784

Thursday, 10/28/2021 12:13:02 PM

Thursday, October 28, 2021 12:13:02 PM

Well first they have not received 1.5 billion dollars, they have entered into an agreement to move forward to try to get a 1.5 billion dollar loan.

"The closing of this transaction is to occur after the registration of a Special Purpose Vehicle (SPV) within United Arab Emirates, the signing of the closing documents and the approval of the transfer of funds by the Central Bank of United Arab Emirates (CBUAE)"

Probably not, as it is not mentioned in the 8k

"The registrant intends to use the funds for the establishment of the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, for financing selective projects in the areas of real estate, renewable energy, healthcare, and for other investment opportunities"

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