Replies to post #37776 on PHI Group Inc (PHIL)

[Djk0689]

We are holding onto an update from Henry explaining how he did the PPP project and what he used for financials.

I have some questions around what he said and have not received clarification. So we are holding it back for now.

This is off the checklist to bid on ppp projects. These are the highlights I’m summing up.

-2 years or more of financials are required for business and personal.

-Cash on hand must be held incase of an under bid, determined based on project size. Larger cash on hand can increase project size.

-Project size, companies must have close/equal revenues based on a minimum of two average revenues.

-International backing is required for larger projects.