Replies to post #90750 on PHI Group Inc (PHIL)

[LOCOGOD]

Haha I think it's funny people are even discussing what the loan maybe used for. I just want to see the loan happen. I'm not sure what the market waits for on this type of thing, but a 1.5 bil valuation doesn't seem wrong to me if phil proves its in the bank or close to it.

[saving_ryan]

I totally get that there is room for interpretation on what the funds will be used for, but I do disagree that the lender doesn't care what it's used for and that it doesn't matter as long as they get their money back. Unless this is just a generic, 'do what you want with the money' loan, which I highly doubt, it will probably specify what it should be used for (generally). Not to mention the loan and what its being used for will be audited.

If I go to get a construction loan and use the funds for purchasing a new car, that's fraud. Sure maybe the bank doesn't find out about it and I'm in the clear, but if they do, the loan could be cancelled and now I have a lawsuit to deal with. That's a big gamble with $1.5B.

As for 5G being connected to ADE and the Lux Fund, I personally view them as separate. They are separate entities and are separated out in the filings, PHILUX Global Funds and Empire Spirits. Just another revenue source. I'm not necessarily seeing the directly connected dots. PHI Group is an M&A company like Berkshire, albeit much smaller. But to me that's like saying See's Candies is connected to ACME Brick Company.

Just because two or three things are mentioned in the same paragraph on future events, does not mean they are directly connected to one another.