Henry/Ceo is sitting on a company that we know makes $25mill a year or more. Financials will confirm and it’s projected the company is making over $100 a year. This is where the money is coming from to participate in the PPP projects with the VN government. The capital holding requirements and so on. So before you spout off on things you have not researched please do so in the future.
“In accordance with Vinafilms’ domestically audited annual report containing financial statements for the year ended December 31, 2017, it generated $25 million in revenues and $765,000 in EBITDA in 2017. It has recently installed a German state-of-the-art plastic film processing system and will add two more of these to meet the growing domestic and international demand for its products. Vinafilms also plans to enter a joint venture with a leading Vietnamese plastic bag manufacturing company with an aim to bring combined revenues to over $150 million per year by the end of 2019. PHI Group’s management believes the acquisition of Vinafilms, subject to the Company’s meeting compliance standards, should enable PHIL to qualify for an uplist to the Nasdaq Stock Market in the very near future.”
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