Replies to post #65549 on PHI Group Inc (PHIL)

[Djk0689]

Welcome to the board, the recent merger is between to sub companies that Phil is involved in.

Spbv and glink. Phil owns spbv and is under contract with glink to take them public. This means we own part of glink now. It’s speculated the recent increase in preferred shares is an attempt to own 51% of glink.

Phil has activated a Luxembourg Fund that will house over 20 major projects in the Vietnam country. The management fees are between 1.5-6% of the project.

Several have been announced and a total of over 1bill in projects is in motion with more to follow. The projects are part of the private public partnership ppp program that Vietnam has available.

As of June 4th the largest project to date has finally been incorporated Asia Diamond exchange aka ADE. Look for more news to follow here soon once current.

Final sets of financials have pasted from the auditor to Earnest and Young for peer review and are pending to post any day.