PHI Group Inc (PHIL)

[Sheddoggie]

Here is the deal with Choky = BUPKISS!

According to the last 10Q:

9. AGREEMENT WITH CHOKY F. SIMANJUNTAK (CYFS Group)

On August 02, 2021, the Company signed a Letter of Intent with Indonesia-based CYFS Group, headed by Mr. Choky Fernando Simanjuntak, to sponsor and co-found CO2-1-0 (CARBON) CORP to implement a new disruptive carbon mitigation initiative through environmentally sustainable projects starting in Indonesia, Vietnam, other ASEAN countries, and worldwide. On September 21, 2021 CO2-1-0 (CARBON) CORP was incorporated as a Wyoming corporation to manage this program. PHI Group will contribute a major portion of the development budget and will hold 50.1% shares of CO2-1-0 (CARBON).

I could not find any signed contract or further SEC filing saying the deal actually was done. There MUST be an SEC filing if Henry is coughing up money or a contract was finalized. The next 10Q will tell us all we need to know.