PHI Group Inc (PHIL)

[saving_ryan]

This isn't entirely true. There are ways around not having to file an 8-K. If sub-funds or sub-companies are holding assets, those are not required to file an 8-K since they are not public and it is not directly involving Philux. Think Berkshire or any other holding and acquisitions company. They don't put out 8-K's for everything their owned companies do. *I am not even remotely comparing Berkshire to PHIL, just a parallel company structure. And I am not saying PHIL has any money, I have no clue.

And I agree, DJK puts out a lot of stuff, some of it seems to hold water and some doesn't. And some is just plain wrong. And while I use some of his DD and appreciate the effort he puts forth digging into things, it all needs to be taken with a grain of salt and researched, not taken at face value. The latest example is the most recent PR where he is saying PHIL has 'won the bid'. This is wrong. PHIL has been given approval for registration to bid and it says it plainly in the PR. There is absolutely nothing in the PR saying PHIL has won a bid.

Now, why would they be given approval to bid if they didn't have the capability to bid competitively? I don't know. And subfunds/companies have been updated on the Vietnam side with registered capital. Not paid-in capital which would be much better, but still. All this slightly encourages me, but we'll see.