PHI Group Inc (PHIL): Keep in mind the $1.5B loan is to be use...

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PHI Group Inc (PHIL)

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Re: goldstandard post# 90730

Friday, 11/05/2021 9:30:16 AM

Friday, November 05, 2021 9:30:16 AM

Keep in mind the $1.5B loan is to be used for ADE, not 5G. Not to say the loan doesn't free up other money to be used for 5G, but the loan itself it for developing ADE and associated funds.

"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 in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the registrant."

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