Replies to post #91399 on PHI Group Inc (PHIL)

[52172]

good question and no one is sure, it def won't drag out a full year however. Jan or Feb was a good guess if it doesn't fund before xmas.

[Sodapop42]

a 5 Million dollar loan from the SBA takes on average 90-120 days to finalize if you have everything in order.

[Pokerpro05]

Don't think anyone knows anymore than what is stated.


C. FINANCING CONTRACT AGREEMENT WITH HAJ FINANCE GROUP


Effective October 17, 2021 the Company signed a contract agreement with Haj Finance Group, a corporation registered in Oman, Hatat House Ground Floor, Ruwi, Muscat, Sultanate of Oman, for a financing program in the amount of $1,500,000,000 which carries an interest rate of 2.5% per annum for thirty-five years with a three-year grace period. The closing of this transaction is to occur after the registration of a Special Purpose Vehicle (SPV) within United Arab Emirates, the signing of the closing documents and the approval of the transfer of funds by the Central Bank of United Arab Emirates (CBUAE). The Company intends to use the funds for the establishment of the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, for financing selective projects in the areas of real estate, renewable energy, healthcare, and for other investment opportunities in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the Company.

https://www.otcmarkets.com/filing/html?id=15336887&guid=6GtwkK5xX2-uh3h

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166757359

$PHIL

Pokerpro05

[Cordova1947]

With Henry, you never know for sure. You can be assured there will be no buyback either. Like facts says.....don't be surprised, but don't matter with PHIL.

[DawgTrading]

MOUs can be cancelled at anytime, if its true then itll be around the time when Henrys shares he awarded himself go unrestricted im thinking.

Im not adding anymore, nor selling anymore. Hold until the smoke clears in either direction. Those directions for me is this is all just smoke and mirror share selling op, or there is actually something going to happen here.

Since not a single dollar or dong has been showing and only liabilities im thinking the former, but hoping for the latter.