PHI Group Inc (PHIL)

[facts_matter14]

Since I was a Regional Manager for See’s Candies, for 8 years, I can tell you that See’s did use ACME bricks in their build outs. Additionally, we all wore Fruit of The Loom underwear, and got free Blizzard’s at DQ. So, all connected.......

Yes, the loan will have verbiage as to what the funds are intended to be used for, but once we see the actual terms, I’m certain they won’t be so restrictive to the point where Henry doesn’t have the flexibility to use at least a certain percentage for, “projects or other business opportunities”, or similar words, as he deems appropriate.

A construction loan for $300,000 is pretty clear cut. What Henry has going on isn’t, and I can’t see him having access to $1.5B, and not being able to use at least a percentage, for what he deems best for the company.

All IMO of course. Well, not the part about working for See’s. That is a fact.