Replies to post #52749 on PHI Group Inc (PHIL)

[Exit6]

Here's a puzzle.

I haven't been able to find anything more on Saigon Pho Palace outside of the PHIL PR's and some VN websites picking up on the PR news in 2018.

At one point Saigon Pho Palace looked like a major deal.

http://www.globenewswire.com/news-release/2018/09/28/1586717/0/en/PHI-Group-Signs-MOU-with-Saigon-Pho-Palace-JSC-for-Real-Estate-Development-and-Other-Business-Activities-in-Vietnam.html

European Plastic JSC and Saigon Pho Palace JSC.

The Company received $800,000 from European Plastic Joint Stock Company and $466,634 from Saigon Pho Palace Joint Stock Company, totaling $1,266,634, during the fiscal year ended June 30, 2019 for participation in the energy and real estate compartments of our Philux Global Funds, respectively; however, we did not recognize these amounts as revenues but recorded as sub-fund obligations until these compartments are activated