PHI Group Inc (PHIL)

[gemmerling]

The last note conversion was stated in the last filing.

On March 23, 2021, the Company issued a Promissory Note to EMA Financial LLC, a Delaware limited liability company, in the amount of $100,000 at an interest rate of 6% per annum. This note will mature twelve months from the Issue Date and may be convertible into shares of common stock of the Company at a fixed conversion price of $0.001 per share or may be prepaid on or prior to the 180th calendar day after the Issue Date at a Prepayment Factor of 115%. As November 4, 2021, the Company prepaid 50% this note in cash and the balance of the note plus accrued interest was converted into 54,750,000 shares of Common Stock of the Company.

If the above is a pattern the note conversion this week was probably related to this note below. We will get our answer in a few days.

On June 7, 2021, the Company issued a Promissory Note to EMA Financial LLC, a Delaware limited liability company, in the amount of $100,000 at an interest rate of 6% per annum. This note will mature twelve months from the Issue Date and may be convertible into shares of common stock of the Company at a fixed conversion price of $0.001 per share or may be prepaid on or prior to the 180th calendar day after the Issue Date at a Prepayment Factor of 115%. The Company plans to prepay this note in cash prior to the 180th calendar day after the Issue Date.

https://www.otcmarkets.com/filing/html?id=15336887&guid=cq3wknKRHtwfJth

As has been stated numerious times once the 1.5 billion financing is a done deal and money moves into the lux fund everything else will be crystal clear and notes will be gone IMO.