PHI Group Inc (PHIL)

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200M loan from a PO Box

"On January 17, 2022, the registrant signed a Memorandum of Understanding/Loan Agreement with Al Aqel and Partners Investment LLC, an Oman company with address at Muscat Governorate Bousher 119 Alamarat, Muscat. P.O. BOX: 2393 Sultanate of Oman, for a project financing loan program of One Billion U.S. dollars. The term of the loan will be ten years and the interest rate will be 3.00% per annum, with a two-year grace period."

3,564,886 in assets

loan is for 10 years at 2.5% thats flat out nuts

heres the caveat "The closing of this transaction is subject to having met certain administrative, legal and financial requirements, including an acceptable and satisfactory collateral for the loan."

they dont have the loan yet. Magically theyll get it overnight, ask anyone with 188K in cash if theyd loan them 200M their payments would be more than their cash position.