PHI Group Inc (PHIL)

[saving_ryan]

You're right, we will obviously have to wait and see what the final signed document says. But just based on the 8K and the PR it leads me to believe that the loan is being given to build the ADE and to help fund the Lux Fund, its sub-funds, and 'other clients' that we are doing business with that are associated with all of the different sub-funds.

I could be completely wrong, there's just nothing that alludes to it being used for other items outside of these.

And when I say this, it does not take anything away from how huge that loan is. I'm just trying to temper some expectations of what it will be used for. Since last week, I have seen some have said for 5G, for buyback, etc...and I'm just trying to set some expectations. Again, maybe I'm wrong, but based on the information we currently have, I don't think this loan can just be used for anything.