Replies to post #40633 on PHI Group Inc (PHIL)

[Djk0689]

Penny this may help, know the facts as many of us have been here for a long time doing research on the PR's and following this closely. This is what the ceo has said and what can be confirmed. It’s just travel plans and financials forthcoming. Nothing more.

-VN is Vietnam
-Henry is CEO
-ADE is Asian Dimond Exchange
-Vinafilms is VINH NAM PHAT PACKAGING FILMS JOINT STOCK COMPANY

Negatives:
Lack of financials since 2019 but forthcoming once auditor signs off on them. Notes coming due will create more outstanding shares if financials are not out soon.

Positives:
-Asian Dimond Exchange is ADE -Preferred shares issued for this deal
-Twitter Feed is CEO
-Expect 1 additional deal to post from Henry travels over this last week and this week.
-Some money moved to the Lux Fund and once Fund is fully funded we will see a total of over $750 million in the fund.
-Sub company VINH NAM PHAT PACKAGING FILMS JOINT STOCK COMPANY is said to be generating over $100 million USD in revenues. PHIL owns 51% of this company. This is why we want financials to see true revenues.
-Vietnam PPP deals are similar to what we would call municipals in the USA and Henry has inked a total of $350 million USD in deals waiting on funding from the Lux Fund.
-CEO keeps saying no RS and will buyback the shares diluted on open market. Buyback power said to be currently over 10million USD and will be done over time.
-CEO says many times the long term goal is access to the DOW for Vietnam and has VN government backing on many items.

There is more but that is some history.