PHI Group Inc (PHIL)

[mythical_phenix]

Curious thing about Johnny Park and the lucrative consulting gig. Big Henry and Johnny go way back. Turns out nodummy put together a brief review of that which I've copied below.

From the S-8 filed 9/17/2021 we learn that 2.6 Billion shares of PHIL common will be registered for the PHI Group Employee benefit plan. We also learn that you don't have to be an employee (of which PHIL appears to have 3) to get these shares.

From the most recent 10-Q filed 11/22/2021 we learn that: As of September 30, 2021 the Company has issued 767,000,000 shares for consulting service under the PHI Group 2021 Employee Benefit Plan.

We also learn that: ... Company will compensate the Consultants by issuing One Billion One Hundred Fifty Million (1,150,000,000) shares of Common Stock of PHI Group, Inc. to JP and One Billion One Hundred Fifty Million (1,150,000,000) shares of Common Stock of PHI Group, Inc. to WJ from the 2021 Employee Benefit Plan of PHI Group

Furthermore, we find that under subsequent events that: ... Issuance of 1,533,000,000 shares of Common Stock for the Services Agreements dated September 21, 2021 with Johnny Park and Whankuk Je

So Park and We expect to receive 2.3 Billion shares in total and have clearly received 1.533 Billion shares. What is 2.3B-1.533B? Why its 767,000,000.

That's quite a coincidence. Seems Park and Je might already have been paid in toto. 2.3 Billion shares. That's almost 10% of the shares. Must be some real valuable help they're bring to the table...

Here's nodummy's post from the DD Support Board and Research Team:

nodummy Monday, 05/07/18 03:58:03 AM
Re: Ferda post# 134985 0
Post #
135199
of 193371
PHIL looks like a pretty big scam to me.

I doubt the mineral property has any real value at all.

Interesting that they acquired the property from Rush Gold Royalty Inc.

Rush Gold Royalty Inc was originally a Nevada entity set up by Johnny Park in 2010 but by 2013 it was abandoned.

https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=quGxT2qbqqe7Cgvam654Fw%253d%253d

Johnny Park set up a new Rush Gold Royalty Inc in Wyoming on August 29, 2017 just 4 days before PHIL announced it was going to acquire the mineral exploration company.

https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=072015250094084027181073022136002064067039233133

https://www.otcmarkets.com/stock/PHIL/news/PHI-Groups-Subsidiary-American-Pacific-Resources-Inc-to-Acquire-Majority-Interest-in-400-Acre-Mining-Claims?id=168633

I've never looked at PHIL before but it took all of 2 minutes to see that Johnny Park has a lot of history with PHIL.

In December of 2016, PHIL acquired Abound Farms Inc which PHIL claimed has hydroponics operations using proprietary enhanced bioavailable nutrient and water treatment systems that could increase crop yields by up to 100 percent compared to prevalent existing methods.

https://globenewswire.com/news-release/2016/12/27/901773/0/en/PHI-Group-to-Acquire-Company-with-Enhanced-Bioavailable-Nutrient-and-Water-Treatment-Systems-for-Premium-Organic-Farming.html

It was Johnny Park that created Abound Farms Inc in Nevada in 2015

https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=jaebQsCPQ2G9srCW3Fu36w%253d%253d

Through the proprietary plant growth technology PHIL claimed that Abound Farms Inc had, PHIL was going to start some massive organic farming operation which was to include 408 acres in Florida.

PHIL was supposed to acquired the farm land in Florida in January of 2017, but still hasn't completed the purchase to this day.

Abound Farm Inc is now a defunct/revoked Nevada entity. Just a worthless over-touted subsidiary like this Rush Gold Royalty Inc subsidiary.

Going back even further, Henry Fahman (the PHIL CEO) has history with Johnny Park in Catalyst Resource Group, Inc (fka CATA).

In May of 2011 CATA had a wholly owned subsidiary named Rerun Recovery Inc which it acquired from (you guessed it) Johnny Park

https://www.sec.gov/Archives/edgar/data/106311/000114090511000045/cata_def14c0627111.htm

Rerun Recovery Inc was set up as a Nevada entity that same week by Johnny Park

https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=IesJPYtj9zWeW5pxKZ7KYg%253d%253d

According to the old CATA filings, Rerun Recovery Inc owned proprietary pre-treatment and separation technologies for the mining industry and also owned the rights to extract, exploit, process and sell minerals from a mine located approximately 60 miles from Anchorage, Alaska, known as the Beluga Alaska mine and the rights to extract, exploit, process and sell minerals from a mine located near Granite, Grant County, Oregon (sound familiar?)

Sure sounds like the same Oregon claims that PHIL also just acquired from Johnny Park.

So how did those claims do for Catalyst Resource Group, Inc (fka CATA)?

They produced nothing/nada/zilch!

Eventually CATA couldn't keep up the fake mining operations any more so it stopped doing its SEC filings. In 2015 CATA was suspended then revoked and now no longer trades

http://www.sec.gov/litigation/suspensions/2015/34-76727.pdf

https://www.sec.gov/litigation/admin/2016/34-77515.pdf

Ironically, PHI Group Inc was the largest shareholder in CATA at the time it acquired the mineral operations and when the CATA mining scam fell apart. Now Henry Fahman is recycling the same mining property in Oregon from the old CATA scam into PHIL.

It's too late at night to look at this any more right now. But just what I found in a quick few minutes of DD is pretty alarming though not surprising considering PHIL's obviously bogus claim about the value of the mining property.

https://gildexshop.com/?smd_process_download=1&download_id=206522

Plus a quick peek at the press releases and you can see that PHIL claims to be involved in whatever industry is hot at the time (cannabis/blockchain/etc). Only scam companies do stuff like that. With all the toxic debt on the PHIL books (JSJ Investments, Power Up Lending Group, Auctus Fund, LLC, EMA Financial LLC, Crown Bridge Partners LLC, LG Capital, Einstein Investments LLC, Equity Trust Company, Adar Mays, LLC) it is easy to see why PHIL keeps using the latest hot trends to try to attract retail attention to buy the stock.



P.S. What is Henry Fahman's obsession with Vietnam? I notice he claims to be involved in a lot of stuff in Vietnam going back many many years plus there is the PHIL connection to Vietnam linked OTC ticker MYSN.