PHI Group Inc (PHIL): Hope so, need more info. On the hook...

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PHI Group Inc (PHIL)

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Re: gemmerling post# 91855

Monday, 11/22/2021 1:29:33 PM

Monday, November 22, 2021 1:29:33 PM

Hope so, need more info.

On the hook for $3.5B, at least in theory. I can't help but go ...hmmmm... with that kind of money talk being tossed around. Since we aren't seeing any huge buys from institutions, why on earth would a reputable loan company go so far out on a limb to loan a company who hasn't finished a project in 20 years that kind of scratch.

These huge "loans" were the same ploy that INND used to pump the SP. The loans never materialized. INND was in the same boat, lots of talk and zero actual accomplishment that produced revenue.

My question is...who would loan a company that makes no money that kind of money? Yeah, I get the whole ADE/Crypto/5G deals as POTENTIALLY huge, but wouldn't a bank need to see some kind of proof that it's a legit idea and not just somebodies dream?

Still love my Uncle $PHIL...

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